I. C. Plant & Son - Macon, GA

Episode Information

Episode UID: 6490468191253
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 649046819 hash
Start Date: May 16, 1904
Location: Macon, Georgia (32.841, -83.632)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 0945147e96af5119

Response Measures

None

Description

Article states I. C. Plant & Son suspended and caused First National's failure; I.C. Plant's ultimate disposition is not specified.

Events (1)

1. May 16, 1904 Suspension

Cause Details: Article reports a suspension that produced heavy losses for First National; no specific trigger given.
Newspaper Excerpt: The failure of the bank ... is due to a heavy loss sustained by the suspension of I. C. Plant & Son, a private bank
Source: newspapers

Newspaper Articles (1)

1. May 17, 1904 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, May 17, 1904

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Article Text

The Comptroller:Advised. Washington, May 16.-The Comptroller of the Currency has been advised by National Bank Examiner W. E. Albertsen that the First National Bank of Macon, Ga., closed its doors this morning by order of the Board of Directors. The failure of the bank, the Examiner states, is due to a heavy loss sustained by the suspension of I. C. Plant & Son, a private bank, of which the President of the First National Bank is also President. Examiner Albertsen has been appointed receiver. The resources and liabilities of the bank, as shown by the last report of condition, March 22. 1904, were as follows: Resources-Loans and discounts, $587,925 overdrafts, $13,640; United States bonds, $240,000; stock, securities, etc., and premiums, $51,304; cash and cash items, $164,635. Liabilities-Capital, $200,000; surplus and undivided profits. $65,574; circulation, $200,000; due to banks and bankers, $56,186; deposits, $525,470; rediscounts, $122,075.