Merchants Bank - Macon, GA

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: December 1, 1854*
Location: Macon, Georgia (32.841, -83.632)

Metadata

Model: gpt-5-mini
Short Digest: ba7448e8

Response Measures

None

Description

Newspaper reports (Dec 1854) state there were rumors of failure but these were groundless; the bank withstood a very severe run during the recent bank panic and bills were redeemed promptly. No suspension or closure is mentioned, so classified as run_only. Bank type not specified in articles.

Events (1)

1. December 1, 1854* Run

Cause: Macro News
Cause Details: Part of a wider recent bank panic that produced heavy withdrawals; many 'stock secured' banks were destroyed in the same panic.
Measures: Bills redeemed promptly and fully in Chicago and Georgia; continued acceptance at par and current exchange rates.
Newspaper Excerpt: the recent rumors of the failure of the Merchants' Bank of Macon, Georgia, ... were entirely groundless, and that their bills have always been promptly and fully redeemed ... they have successfully withstood a very severe run upon them during the late bank panic
Source: newspapers

Newspaper Articles (3)

1. October 26, 1854 Plymouth Banner Plymouth, IN

Article from Plymouth Banner, October 26, 1854

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Article Text

Banks gone under. The Detroit Daily Free Press of the 22nd inst., publishes the following list of Banks as having recently failed. We have looked for, and may reasonably expect that one of the worst Bank panics the country ever experienced, is just upon us, butas to the correctness of the fate of the following we very much doubt. But here is the list published by the Free Press: Patchin Bank, Buffalo. Farmers and Merchants' Bank, Oswego. Farmers Bank of Canandagua. Drovers Bank. Ogdensburgh. Bank of Carthage. Farmersand Merchants' Bank, Maryland. Bank of Milford, Delaware, Furmers and Merchants' Bank, Memphis. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank. New York. Merchants Bank of Macon, Georgia. Bank of Ellsworth, Maine. Elkhart County Bank, Indiana. Bank of Elkhart, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Knickerbocker Bank, New York. Suffolk Bank, New York. Kentucky Trust Company Bank. Newport Safety Fund Bank. Bank of Connersville, Indiana. Bank of Plymouth, Indiana. Commercial Bank of Kentucky. Bank of Kanawha, Virginia. Ohio Savings Bank, Cincinnati.

2. December 6, 1854 The Cadiz Democratic Sentinel Cadiz, OH

Article from The Cadiz Democratic Sentinel, December 6, 1854

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Article Text

suspended within a few months past. For the benefit of our readers, in these times of bank suspensions, we shall keep it standing, and make weekly additions thereto: Lewis County Bank, of New York. Carthage Bank, do Milrose Bank, do Drovers' Bank, do Bank of Carmel, do Ogdensburg, do Exchange Bank Buffalo, do Patchin Bank, Buffalo, do Eighth Avenue Bank, do Bank of West Killingly, Connecticut. Bank of Ellsworth, Maine. Bank of Circleville, Ohio. Clinton Bank of Columbus, Ohio. Canal Bank of Cleveland, do. Miami Bank, Dayton, do. Woodbury Bank, Connecticut. Shipbuilders' Bank, Maine. Merchants' and Mechanics's Bank, Chicago. Union Bank, Chicago, Ill. Knickerbocker Bank, do Farmers' Joint Stock Bank, Buffalo, N. Y. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Farmers' and Merchants' Bank, Maryland. Merchants' Bank of Macon, Georgia. Milford Bank, Delaware. Merchants' Bank Burlington, Vermont. River Bank Connecticut. Cumberland Bank, Maine. Kentucky Trust Company Bank, Covington. Newport Safety Fund, Covington, Ky. Commercial Bank, Paducah, Kentucky. Trans Allegheny Bank, Virginia. Kanawha Bank, Va. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochitute Bank, Boston. Elkhart county Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Arlington Bank, Washington, D. C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. Akron Branch, Ohio. Merchants and Trader's Branch, Cin., O. City Bank, Columbus, Ohio. Commercial Branch, Toledo, Ohio. Ashtabula Branch, Ohio. Napersville Bank, Illinois. Merchants Bank, Bridgeton. Government Stock Bank, Ann Harbor, Mich. Cuyahoga Falls Branch Bank, O. Licking Branch Bank, Ohio. Phoenix Bank, Chicago, Illinois. Du Page county Bank, Illinois. Bank of Ottawa, Illinois. State Stock Bank, Peru, Indiana. Stock Bank, Lafayette, Ind. Bank of Elkhart, Plymouth Bank, Fayette county Bank, Delaware county Bank, Logansport Insurance Company, Indiana. Indiana Stock Bank, Laport. Savings Bank, Cincinnati. Scituate Bank, Rhode Island. Wollborough Bank, New Hampshire. Bennington Bank, Vermont. Monsum River Bank, Maine. Bank of Ellsworth. Bank of Milford, Delaware.

3. December 12, 1854 The Daily Minnesota Pioneer Saint Paul, MN

Article from The Daily Minnesota Pioneer, December 12, 1854

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Article Text

AVING ascertained hv enquiries in person in Chica. H go 11 a' the recent rumors of the failure of the Merchants' Bank of Macoa, Georgia, and the Atlanta Bank. were entirely g oundless, and that their bills have always been promptly and fully redeemed. both in Chicago and Georgia, and that they have successfully withstood a ver y severe run upon them during the late bank ranic, whi h destroyed so many of the stock secured banks, we bel'eve the community will be safe in taking said bills, and shall ourselves receive them upon the same terms as other currency, viz : at par on de and at current rates for ex MACKUBINA El G RTON. change and gold.