Knoxville Bank (Knoxville, TN)

Episode Information

Episode UID
5397270990945
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
539727099 hash
Start Date
September 17, 1878
Location
Knoxville, Tennessee (35.961, -83.921)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
498ff844f7cde9a7

Response Measures

None

Description

1878 article describes an assignment for creditors (closure); 1893 item references a suspension of a 'Knoxville bank' but may refer to a different episode.

Events (2)
1. September 17, 1878 Receivership
Newspaper Excerpt
the public were startled with the news that ... the Knoxville Bank ... had failed. Both have made assignments for the benefit of their creditors.
Source
newspapers
2. August 17, 1893 Suspension
Cause Details
Article notes a suspension of a Knoxville bank but gives no specific cause or connection details.
Newspaper Excerpt
The suspension of a Knoxville bank, in which the Jonesville bank had about $18,000 to its credit, was the cause of the trouble.
Source
newspapers

Newspaper Articles (2)
1. September 17, 1878 Bristol News Bristol, VA
Article from Bristol News, September 17, 1878

Click image to open full size in new tab

Article Text

Hon. Fernando Wood gives it as his opinion that we are on the eve of a tremendous reaction in trade, and that the greatest prosperity the Amer ican people have known is awaiting them. The above is from the Knoxville TRIBUNE of last Friday, and in the same issue of that paper the public were startled with the news that Ex_ Mayor Peter Staub, proprietor of the Opera House, and also the Knoxville Bank. which means thatJno. S. VanGilder, had failed. Both have made assignments for the benefit of their creditors. It seems that Stanb's li abilities are about $82 000. and those of the Bank about $71,000. the available assetts of the latter being $60.000, of which $8,000 is cash. Mr. Vangilder was sole stockholder of the Bank. The cause assigned is the stringency in financial affairs and the depreciation of real estate

2. August 17, 1893 The Big Stone Gap Post Big Stone Gap, VA
Article from The Big Stone Gap Post, August 17, 1893

Click image to open full size in new tab

Article Text

Powell's Valley Bank Suspends. The Powell's Valley Bank, Jonesville, Va., suspended last Monday, with reported assets of $54,000 and $36,000 liabilities. The POST ventures the assertion that no depositor will lose a dollar by this suspension. Judge H. J. Morgan, president, is one among the most careful business men in the state of Virgidta, and is the very soul of honor. The suspension of a Knoxville bank, in which the Jonesville bank had about $18,000 to its credit, was the cause of the trouble.