3008. Merchants National Bank (Rome, GA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3670
Charter Number
3670
Start Date
November 1, 1892
Location
Rome, Georgia (34.257, -85.165)

Metadata

Model
gpt-5-mini
Short Digest
83c40a16

Response Measures

None

Other: Employees of the Rome Rolling Mills (owed wages) stormed/besieged the bank to demand pay; no explicit withdrawals, suspensions, or examinations described.

Description

Employees of the Rome Rolling Mills (unpaid after the mill went into receivership) swarmed into the Merchants' National Bank on Nov 1, 1892 and threatened to demand their pay. Articles describe a crowd and indignation meeting but do not report a formal suspension, closure, or receivership of the bank. Cause attributed to a local economic shock (mill failure/receiver).

Events (3)

1. April 14, 1887 Chartered
Source
historical_nic
2. November 1, 1892 Run
Cause
Local Shock
Cause Details
Closure of the Rome rolling mills and placement in receivership left employees unpaid; they went to the bank demanding wages.
Newspaper Excerpt
This morning the enraged employes swarmed into the bank and with threats demanded their money.
Source
newspapers
3. December 15, 1897 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from Richmond Dispatch, November 2, 1892

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Article Text

Telegraphic Key-Taps. The New York electric wiremen met in Clarendon Hall yesterday morning and decided upon a general strike. The Comptroller of the Currency yesterday authorized the Putnam National Bank. of Palatka, Fla. to begin business with a capital of $50,000. Charles Brooks. Fletcher Williams, and Moses Brown (men). and Joshua Bernard, Louis Benson, Henry Hurtt, Frisby Comegy, and Charles S. Emory (boys), all convicted of the murder of Dr. James H. Hill, near Millington, Kent county, Md.. April 23d last, have been sentenced to be hanged at such time as Governor Brown may appoint. All the convicted persons are colored, and seem entirely indifferent regarding their fate. A bold attempt was made yesterday morning to burn the Star Theatre, at No. 149 Euclid avenue, Cleveland, O. A strange man passed through the lobby, where he was seen by two scrubbing women and entered the theatre. He was absent about twenty minutes and then hurriedly left the place. In a few minutes fire was seen issuing from the ball-room of the lobby. The fire was extinguished before it had caused any damage other than the destruction of some posters and advertising matter. The incendiary made good his escape. The employees of the Rome (Ga.) Rolling-Mills, who are mostly foreigners and members of the Amalgamated Iron and Steel Association, created quite a stir in Rome yesterday morning. When the milla closed down Monday and went into the hands of a receiver. owing the men between $3,500 and $4,000, Jack King, the president of the company, and also president of the Merchants' National Bank. promised to pay the men at 4 o'clock in the evening, which he failed to do. Yesterday morning the enraged emplovees crowded tato the bank and with threats demanded their money. Mr. King was not in. The men then gathered a larger crowd of their friends and held an indignation meeting, at which it was resolved to wait only until this morning for their pay. A failure to-day may cause trouble.


Article from The Morning News, November 2, 1892

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Article Text

DANGER OF A RIOT AT ROME. Unpaid Hands of the Defunct Rolling Mills Demand Their Money. ROME, GA., Nov. 1.-The employes of the Rome rolling mills, who are mostly foreigners and members of the Amalgamated Iron and Steel Association, created quite a stir in Rome this morning. When the mills closed down vesterday and went into the hands of a receiver, owing to the men between $3,500 and $4,000, Jack King, president of the company, and also president of the Merchants' National Bank, promised to pay the men at 4 o'clock in the evening, which he failed to do. This morning enraged employes swarmed into the bank and with threats demanded their money. Mr. King was not in. The men then gathered a large crowd of their friends and held an indignation meeting, at which it was decide to wait only until to-morrow morning for their pay. Failure then may cause trouble.


Article from Pittsburg Dispatch, November 2, 1892

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Article Text

EMPLOYES ENRAGED. Georgia Mill Men Indignant Because They Receive No Pay. ROME, GA., Nov. 1.-The employes of the Rome rolling mills who are mostly_toreigners of the Amalgamated Iron and Steel Association, created quite a stir in Rome this morning. When the mills closed down yesterday and went into the hands of a receiver, owing the men between $3,500 and $4,000, Jack King, President of the Merchants' National Bank, promised to pay the men at 4 o'clock in the evening. but failed to do it. This morning the enraged employes crowded in the bank and with threats demanded their money. Mr. King was not in. The men then gathered a larger crowd of their friends and held an indignation meeting, at which it was resolved to wait only until to-morrow morning for their pay. Failure then would cause trouble.