Bank of St. Mary's - Saint Marys, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 10, 1841
Location: Saint Marys, Georgia (30.731, -81.546)

Metadata

Model: gpt-5-mini
Short Digest: f51e3edf

Response Measures

None

Description

Article (New-York Tribune, 1841-08-10) reports the stockholders' committee decided the bank should be wound up and a meeting to act on winding up scheduled, indicating voluntary liquidation and permanent closure. No run is described.

Events (1)

1. August 10, 1841 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders' committee decided the bank should be wound up and a meeting set to act on liquidation.
Newspaper Excerpt: A committee of the stockholders of the Bank of St. Mary's, Geo. has decided that ... it was advisable that it should be wound up with as little delay as practicable. A meeting of the stockholders will be held on the 2d Monday in October, to act on the subject.
Source: newspapers

Newspaper Articles (1)

1. August 10, 1841 New-York Tribune New York, NY

Article from New-York Tribune, August 10, 1841

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Article Text

L. S. J.), 6,000 1,000 do do 1860, 541, J. B. Smith & Co. do do 541. Ed. Wells. do 5,000 3,000 Michigan Sixes, 1853, 671, E. Rigss. [Sale stopped.) 10,000 Indiana Fives, Dol. bonds, 1853, 551, Daggatt & Ostrander. do do do do 551, H. Allen. 14,000 [more offered, 54 bid.] do so do 1889, 523, Benson & Co. 1,000 more offered 50 bid.] 10,000 Arkausas Sixes, 1861, 573. Spofford, Tileston & Co. 1,000 Alabama £ Sixes, 1842, 93, W. Kelly. do do do 94, Mr. Palmer. 5,000 5,000 do $ Fives, 1865, 61, Cammann, Whitehouse & Co. do do do do do 624, do 5,000 The merchants of Apalachiola have held a meeting and resolved that after the 1st day of October their transactions shall be placed OR a specie basis, and the notes of the suspended banks shall only be taken at their specie value. They recommend other towns on the River to call meetings for the same purpose that there may be a concert of action. A committee of the stockholders of the Bank of St. Mary's, Geo. has decided that in view of the limited extent of the mercautile business of that place, and the expense of managing the bank, it was advisable that it should be wound up with as little delay as practicable. A meeting of the stockholders will be held on the 2d Monday in October, to act on the subject. At New-Orleans, Epecie was in light demand at 3a31 per cent premium; Treasury Notes 4 a 5 per cent. and scarce, little demand, the rate being too high to allow of their being used as exchange. Ster. ling dull at 11all1, Francs 5171 a 515. Sight on New-York scarce at 6155. Tritling sales of Texas Treasury Notes at 15c and bonds at 18. The Schuylkill Navigation Co. has declared a dividend of 3 per ct. for the last six months. The interest on some of the Arkansas stocks remain unpaid, in consequence of some of the drafts remitted by the State having been dishonored by the N. Ain. Trust and Banking Co. on which they were drawn.