Augusta Insurance & Banking Company (Augusta, GA)

Episode Information

Episode UID
4612912890694
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
461291289 hash
Start Date
October 17, 1857
Location
Augusta, Georgia (33.471, -81.975)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7cc21ef10f47ccb

Response Measures

None

Description

Suspension described as voluntary to aid commerce; no reopening mentioned in these clips but historical context suggests a temporary suspension.

Events (1)
1. October 17, 1857 Suspension
Cause
Voluntary Liquidation
Cause Details
Banks suspended voluntarily at the solicitation of the business community to aid in bringing produce to market during the depression
Newspaper Excerpt
They have suspended at the solicitation of our entire business community, and to place themselves in a position to safely aid in bringing produce to market
Source
newspapers

Newspaper Articles (2)
1. October 21, 1857 Edgefield Advertiser Edgefield, SC
Article from Edgefield Advertiser, October 21, 1857

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Article Text

SUSPENSION OF AUGUSTA BANKS.-The Mechanic,s Bank. Augusta Insurance and Banking Company, Bank of Augusta, and City Bank suspended this morning, which now completes the list of banks in the city, and places them all on the same footing. All the banks here are perfectly safe, and we recommend our distant readers to submit to no discount on any of them. They have suspended at the solicitation of our entire business community, and to place themselves in a position to safely aid in bringing produce to market, which is an important if not amplesource of relieffrom the present depression. Augusta Dispatch 17th inst.

2. October 23, 1857 The Athens Post Athens, TN
Article from The Athens Post, October 23, 1857

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Article Text

SUSPENSION OF AUGUSTA BANKS.-The Mechanic's Bank, Augusta Insurance and Banking Company, Bank of Augusta, and City Bank suspended this morning, which now completes the list of banks in this city, and places them all on the same footing.All the banks here are perfectly safe, and we recomend our distant readers to submit to no discount on any of them. They have suspended at the solicitation of our entire business community, and to place themselves in a position to safely aid in bringing produce to market, which is an important it not ample source of relief from the present depression.-Augusta Despatch, 17th.