Louisville City National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 788
Charter Number: 788
Start Date: September 12, 1899
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: a63b09af

Response Measures

None

Description

Articles (dated Sept 12, 1899) state the Louisville City National Bank is to go into liquidation (voluntary). No run or depositor panic is described; depositors to be paid in full. Cause given as heavy state taxes and prior losses; president advised liquidation.

Events (3)

1. February 8, 1865 Chartered

Source: historical_nic

2. September 12, 1899 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank decided to go into voluntary liquidation due to heavy state taxes and prior losses (Pope embezzlement and Bartley Johnson failure); president advised liquidation.
Newspaper Excerpt: The Louisville City National Bank ... is about to go into liquidation. The depositors will be paid in full almost immediately, and the stockholders will also come in for a considerable amount.
Source: newspapers

3. October 8, 1899 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (2)

1. September 13, 1899 The Times Washington, DC

Article from The Times, September 13, 1899

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Article Text

A BANK TO QUIT BUSINESS. The Eventful Career of n Louisville Concern About to Close. LOUISVILLE, Sept. 12.-The Louisville City National Bank, capital $200,000, surplus $10,000, after thirty-four years, is about to go into liquidation. The depositors will be paid in full almost immediately, and the stockholders will also come in for a considerable amount. The national bank was organized in 1865, and has in many ways an interesting history. In 1890 came the celebrated Pope steal. Pope was teller and got away with $70,000 of the bank's funds. The blow to the bank was a serious one. Much money was spent in trying to locate him. Another serious loss came in the Bartley Johnson failure. The bank suspended for a short time during the panic of 1893. The heavy tax on banks in this State has been too great a burden for the already weakened bank to bear, and President. Leech advised the liquidation,

2. September 13, 1899 The Sun New York, NY

Article from The Sun, September 13, 1899

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Article Text

I OUISVILLE'S CITY NATIONAL BANK. To Go Into Liquidation After a Series of Unusual Hardships. LOUISVILLE. Ky., Sept. 12.-The Louisville City National Bank. capital $200,000. surplus $10,000. after thirty-four years is about to go into liquidation. The depositors will be paid in full almost immediately. and the stockholders will also receive a dividend. The Louisville City National Bank was organized in 1865. and has in many ways an unusually interesting history. In 1890 came the celebrated Pope steal. Pope was teller and took $70,000 of the bank's funds. Another serious loss came in the Bartley Johnson failure. The bank suspended for a short while during the panic of 1893. The heavy taxes on banks in this State were too great a burden for the already weakened bank to bear. and President Leech advised the liquidation.