Bank of Macon - Macon, GA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 26, 1860
Location: Macon, Georgia (32.841, -83.632)

Metadata

Model: gpt-5-mini
Short Digest: a365a3cc

Response Measures

None

Description

Article (NY Herald 1860-11-27) states 'The Bank of Macon suspended yesterday.' The Georgia Legislature had just passed a bill legalizing suspension of banks in the state, suggesting this was a legislative/regulated suspension rather than a depositor run. No mention of a run, receivership, or permanent closure; I classify as a suspension with likely eventual resumption (suspension_reopening). Date inferred from yesterday relative to publication date (1860-11-26).

Events (1)

1. November 26, 1860 Suspension

Cause: Government Action
Cause Details: Georgia Legislature passed bill legalizing suspension of banks in the state; suspension occurred immediately thereafter.
Newspaper Excerpt: The Bank of Macon suspended yesterday.
Source: newspapers

Newspaper Articles (1)

1. November 27, 1860 The New York Herald New York, NY

Article from The New York Herald, November 27, 1860

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Article Text

Tax News. Our accounts from the South are of the same character as those previously reported. Charleston was comparatively quiet yesterday, owing to many of the prominent citizens having gone to Columbia, where the Legislature assembled in the evening. The Governor's message will be delivered to-day. The Georgia Legislature passed the bill yesterday legalizing the suspension of banks in that State. It was supposed that the bill would be vetoed by the Governor, but again be issed over the veto. The Bank of Macon suspended yesterday. The Palmetto flag was hoisted yesterday at Baltimore by an association calling themselves the "Southern Volunteers." The demonstration was not very favorably received. The captain of the bark Isabel also displayed the Palmetto flag, when all the vessels in the vicinity ran up the st ars and stripes. The steamship Columbia, which arrived yesterday afternoon from Charlest on, brought forty-seven steerage passengers, who were sent back by the authorities of Charleston. She also brought $16,800 in specie. Advices from Kingston, Jamaica, of the 30th ult. represent the weather as oppressively warm, with heavy rains. The crops promised well. The nut. meg, cinnamon, camwood and Japan dyewoods, lately introduced into the island, were growing finely. Native nutmegs were already on sale. The experiment of growing the plant from which Manila hemp is produced has also proved highly satisfactory. Two Spanish brigs, supposed to be engaged in the slave trade, were brought into Kingston by a British war steamer. Three others made their escape through the inability of the steamer to pursue them from want of coal. The yellow fever was somewhat prevalent at Port Royal, and several deaths had occurred among the officers and seamen of the navy. A regular meeting of the Board of Aldermen took place last evening. The business transacted was small in amount and unimportant in character. The time of the meeting was taken up in listening to a characteristic resolution offered by Alderman Boole, and a somewhat lengthy speech made by Alderman Starr in defence of himself and colleagues in relation to the bill for the entertainment and reception of the Japanese Embassy. The sum of $7,000 was appropriated to finish the Infants' Home. The Board of Councilmen met last evening and transacted considerable routine business. A large number of reports of committees were presented and laid over. The Board concurred to direct the Street Commissioner to advertise for proposals to repair and reglaze the public lamps for one year: also to appropriate $229 50 for the purpose of defraying the funeral expenses of Lieut. T. J. Rogers, of the New York Volunteers. A resolution was adopted appropriating $1,500 for the Clerk and bis assistants, giving them $250 each for "extra services to committees." The Board concurred to pave Lexington avenue, be tween Forty-second and Fifty-seventh streets, with Belgian pavement. The Street Commissioner was instructed to have the carriage of Hose Company No. 19 rebuilt at an expense of $250. The Board adjourned to meet on Friday. The evidence for the defence in the Beardsley divorce case, now trying at Brooklyn, was closed last evening. Evidence in rebutter will be brought by coursel for the plaintiff to-day. The Rev. Jo. seph Law, the father of the defendant, was on the stand yesterday. It is expected that counsel will begin to sum up this evening, but how this most mysterious case will end nobody ventures to predict. In the case of the alleged slaver Kate, the testimony was closed before Judge Betts yesterday. The counse! then proceeded to sum up. Ex-Judge Bebee and Mr. Donohue for the claimants: exJudge Roosevelt and Mr. Wilcoxson for the government. The official returns of the vote for President, in this State, with the exception of Orange and Sul Livan, which are given unofficially. show that Lincoln received 362,646 votes, and the fusionist or Union ticket 312,136. The State ticket will be canvassed on the 7th of December. The steamship Kangaroo, Captain Brooks, which sailed from this port on Saturday, the 24th inst., for Liverpool, will touch off Cape Race for later despatches from New York. She will probably argive off Cape Race about Wednesday afternoon, the 28th inst. Despatches left with Mr. George Stoker, No. 7 Broad street, up to ten o'clock A. M. on that day will be promptly forwarded. The break in the canal at the junction having paired, the water was let in last night to on the Erie canal to tide water. The gale has proved very disastrous to chipthe lakes. Many vessels were wrecked