2920. Bank of Macon (Macon, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1832
Location
Macon, Georgia (32.841, -83.632)

Metadata

Model
gpt-5-mini
Short Digest
47ef2c87

Response Measures

None

Description

Articles (Aug 1832) state the Bank of Macon suspended payment and will not be resumed, assets placed in hands of persons for adjustment, and trustees appointed to wind up affairs. No run is described. This indicates a suspension followed by permanent closure/winding up.

Events (2)

1. August 1, 1832 Receivership
Newspaper Excerpt
The assets have been placed in the hands of persons for adjustment. The Bank of Macon ... has blown up, and appointed Trustees to wind up its affairs.
Source
newspapers
2. August 1, 1832 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank suspended payments and gave notice it would not resume; assets placed in hands of persons for adjustment and trustees appointed to wind up affairs.
Newspaper Excerpt
That Bank has suspended payment, and what is worse, has given notice that it will not be resumed. The assets have been placed in the hands of persons for adjustment.
Source
newspapers

Newspaper Articles (3)

Article from Constitutional Whig, August 7, 1832

Click image to open full size in new tab

Article Text

AUGUSTA, Georgia, Aug. 1. A BLOW UP. There was a considerable overhauling of Pocket Books in this city on yesterday. We believe seve. ral cities would not have cared much if their had really had the Cholera, or something that would have previously emptied them of the Bills of the Bank of Macon. That Bank has suspended payment, and what is worse, has given notice that it will not be resumed. The assets have been placed in the hands of persons for adjustment or settle. ment. Its Bills are not held to a large amount in this city--but the Gold Region may bless its stars, that it is the Gold Region. We fear there is enough there to wrap up all the gold and send it to Market


Article from Phenix Gazette, August 9, 1832

Click image to open full size in new tab

Article Text

AUGUSTA, GEO. Aug. 1. A blow up.-There was a considerable overhauling of Pocket Books in this city on yesterday. We believe several cits would not have cared much if theirs had really had the Cholera, or something that would have previously emptied them of the bills of the Bank of Macon. That Bank has suspended payment, and, what is worse. has given notice that it will not be resulted. The assets have been placed in the hands of persons for adjustment. Its bills are not held to a large amount in this city-but the Gold Region may bless its stars that it is the Gold Region. We fear there is enough there to wrap up all the gold and send it to market.-Courier


Article from Staunton Spectator, August 17, 1832

Click image to open full size in new tab

Article Text

In England, the Republican feeling of the People has not been shocked by a Veto of the King on an act of the People's Representatives for a hundred years! Yet, General Jackson, a Republican President, within three years, has exercised it four times, without any higher justification as we must believe, than his mere will!!-since all we can understand from him is; VETO-Iforbid, the reasons he has assigned, being exploded by the inconsistency of his acts. Gen. Jackson in his Messageof 1829 called the attention of Congress to the importance of settling the principle whether the United States' Bank should be re-chartered. In his Veto Message he complains, as the charter has four years to run, that the question of re-chartering had been pressed. "How beautiful is consistency!" The absurdity of the doctrine laid down by the President in his Veto Message that "Each public officer who takes an oath to "support the Constitution, swears that he "will support it, as he understands it, and "not as it is understood by others"-is well exposed by Mr. Clay. Such a doctrine involves the rankest kind of Nullification-under it the humblest officer of the Government, so far as concerns his own official acts, can nullify a law of Congress-a decision of the Supreme Court-or even an order from President Jackson himself No government, so constituted, could possibly exist. The "Bank of Macon" in Georgia, has "blown up," and appointed Trustees to wind up its affairs. The travel in private carriages and public Stages, through this place, has been very great for several weeks past. Doubtless the Cholera will drive an immense number to our mountains from the lowlands. The watering places must already be pretty well filled up. We understand that at the Augusta Springs there are now between 60 and 70 visiters. D Absentees.-The monthly letter list published on the 1st of August in New York amounts to more than seven columns! The number who have left the city is estimated by the Post at upwards of one hundred thousand persons. American Nankin, made of nankin colored cotton raised in Georgia, is sold at two dollars the piece, and is said to be a very fine article, not fading from wear, but growing darker and richer in color. The Cholera has re-appeared in the city of London, and is raging with great violence in Ireland. so It is estimated that not fewer than one hun_ dred and fifty Journeymen Printers were either killed or wounded in the late conflicts in the streets of Paris. We recollect it was said that during the late war with England, between three and four hundred Printers had abandoned their profession for the tented field ;-and subsequently it is believed that notless than three hundred were engaged in the early struggles for South American freedom. The Meeting of Irishmen opposed to the re-election of General Jackson, held in Philadelphia on the 6th, was attended by from 5 to 8,000 persons. -0000 CHOLERA IN PHILADELPHIA.