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MEMPHIS. Town of Sardis, Miss., Almost Destroyed by Fire-Loss, $80,000 The Commercial Bank of Memphis Suspended. # ag
Commercial Bank of Tennessee (Memphis, TN)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- January 13, 1868
- Location
- Memphis, Tennessee (35.150, -90.049)
- Bank Type
- state
Metadata
Notes
Receiver appointed later and building advertised as formerly occupied by the bank, indicating permanent closure.
Events (3)
1.
January 13, 1868
Suspension
- Cause Details
- Articles report suspension of payments but do not state a clear cause; assets said to exceed liabilities.
- Newspaper Excerpt
- The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused some excitement, and runs were made on other banks, but the excitement was soon allayed.
- Source
- newspapers
2.
April 30, 1868
Other
- Newspaper Excerpt
- the assets of the bank have long been in the hands of a Receiver of the Chancery Court, and that the officers of the late bank are not more able to render the required information than he himself can be by the proper examination. (Public Ledger, Apr 30, 1868).
- Source
- newspapers
3.
July 20, 1868
Other
- Newspaper Excerpt
- OR RENT.-The building lately occupied by the Commercial Bank of Tennessee. Apply to J. A. OMBERG, Receiver. (Memphis Daily Appeal, Jul 20, 1868)
- Source
- newspapers
Newspaper Articles (14)
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Commercial Bank of Memphis £ uspended.
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TENNESSEE. SUSPENSION OF A MEMPHIS BANK. MEMPHIS, Jan. 13.-The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused some excitement, and runs were made on other banks, but the excitement was soon allayed.
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NEWS OF THE DAY. "To show the very age and body of the Times." The Louisiana Convention yesterday endorsed the proposed action of Congress, giving the Southern Radical Conventions the power to remove the State authorities and appoint others. An ordinance was also adopted authorizing negroes to remain on the plantations in the precincts where they registered until after the vote is cast on the Constitution, and making it a penal offence for any one to eject them. It is stated that six vessels recently brought to Texas, by way of the gulf, a great number of German immigrants, who purpose to become agriculturists and employ themselves in farming, and that a number of men from Vermont have gone to the same State for the purpose of rearing herds on the rich prairies and pasturages of that region. A Havre paper says that Gen. Dix, our Minister at Paris, has brought a suit, in the name of the U. S., against MM. Elanger, bankers, and other parties, to force the restitution of six million dollars, paid these parties by the Confederate States for ships built and not delivered, but subsequently sold to Prussia and other States. Ex-Secretary of the Treasury Thomas Ewing has written a letter on the financial issues of the day, opposing a forced resumption of specie payments, and suggesting a new issue of bonds, payable in forty or fifty years, and bearing four per cent interest, payable semi-annually. A large number of negro banditti have been captured in Green county, N. C. The desperadoes confessed to having committed several murders and robberies. Over thirty are now in the jails at Greenville, Kingston, and Snow Hill. The tide of emigration to the West has continued steadily during the past year. Large additions to the population of the Western States have been made by foreign immigrants. We wish the tide could be turned to the South. The Commercial Bank of Memphis suspended yesterday. It is said that the assets exceed the liabilities. The suspension caused same excitement. Runs were made on other banks, but the excitement was soon allayed. The American Colonization Society's annual meeting will be held in Washington on the 21st, and will be addressed by President Hill, of Harvard College. The board of directors will hold their sessions for two days. James H. Leveridge, second teller of the City Bank of New York, has absconded, and is said to be a defaulter to an amount variously estimated at from forty to four hundred thousand dollars. The House of Representatives at Washington, yesterday, renewed the select committee on the treatment of prisoners of war and Union citizens by the Confederate authorities. A Hartford accident insurance company lost $15,000 by the recent railroad accident at Angola. Five persons were insured at $3,000 each. The entire insurance cost fifty cents. The new gold field lately discovered at the mouth of the Amoor river will probably swell the annual production of gold to a higher figure than it has ever yet reached. The town of Sardis, Miss., was nearly destroyed by fire yesterday; supposed to have been the work of incendiaries. Loss, $80,000. Insurance $26,000. The steamer H. O. Mayer with nine hundred bales of cotton was destroyed by fire on the Ouschita River, on Sunday last. The President yesterday sent to the Senate the name of Hon. S. S. Cox as Minister to Austria. A man in Mississippi lately died from hydrophobia, who had been bitten by a mad dog two years ago.
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TENNESSEE. FAILURE OF A BANK. MEMPHIS, Jan. 13.-The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused som e excitement and runs were made on other banks, but it was soon allayed.
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THE EVENING STAR LATE TELEGRAMS, &c. General Failly, commander of the expeditionary corps in Italy, has asked the Emperor to permit the return of the French troops to Rome, as their quarters at Civita Vecchis and Viterbo are overcrowded. This ominous request creates a general feeling of uneasiness and distrust in Paris. A large number of negro banditti have brea captured in Green county, N. C. The despersdoes confessed to having committed several murders and robberies, Over thirty are now in the jails at Greenville, Kingston, and Snow Hill. The United States squadron in the Mediter. ranean, under command of Admiral Farragut, has sailed for Naples. The Commercial Bank of Memphis suspended yesterday. It is said that the assets exceed the liabilities. The suspension caused some excitement. Runs were made on other banks, but the excitement was soon allayed. The Paris Moniteur contradicts the vagne re. mors of popular disturbances in Naples, and assures its readers that perfect tranquility prevails in that city and the surrounding prov. inces. The steamer Homeyer was burned in Ons. chita river, Louisiana, Sunday, with 900 bales of cotton on board. The Imperial frigate Novard and con voy has arrived at Pola, in Istria, with the remains of Maximilian.
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LOCALS IN BRIEF. -R. J. Davis, proprietor of a trading boat, is under arrest charged with receiving stolen goods. -A man was knocked down and robbed near the corner of Second and Exchange streets last night. -A called meeting of the Board will be held this evening, at which final action will be taken on the bonds of newly elected city officers. -His Honor, Judge Connelly F. Trigg, of the U. S. Court, arrived yesterday, and stopped at the Gayoso. His court will convene to-morrow. -A negro yesterday discovered another negro foolish enough to be swindled by the lock game, and took him in." Officer Cusack arrested the scamp. -We wonder whether it has ever oc. curred to William Hunter, in the few moments of his life when lucidity holds sway, that he is an egregious ass and elephantine humbug? -Some sawdust in the old icehouse on Washington, east of Third street, was fired by mackerels yesterday evening, but the flames were extinguished before any serious consequences ensued. -Esq. Miller this morning committed a negro named Aaron Wilson for trial, charged with stealing some clothing and a few dollars from Hugh McDermott, at the Basket saloon, several weeks ago. -We learn that Mr. J. A. Omberg, late assistant cashier, has been appointed receiver of the Commercial Bank of Memphis, whose suspension was noticed yesterday. Mr. O. is a competent selection. -To South Memphis and Hernando road people: Now that the roads are so bad, those wanting Hay, Corn, Oats, Bran, Flour and Meal will find a saving of time and money by purchasing of S. M. Guest, Hernando road, south of South street. He also keeps a fine stock family groceries, cheap, and for cash only. -Jo. Locke, 22 Jefferson street, is daily receiving the latest newspapers and periodicals. He has on hand to-day the Waverley Magazine, Albion, Wilkes' Spirit, New York Citizen, Harper's Bazar, LaCrosse Democrat, Chimney Corner, Saturday Night, London News (with a picture), Peterson's Magazine, and Ballou's Monthly. He has also a splendid stock of novels, stationery, and almost everything which is usually found in an establishment of this description. -Emmons & Son, Nos. 10 Jefferson and 393 Main streets, have received the Police News and Gazette, Harper's Weekly, Southern Home Journal, New York Observer, Scientific American, New York Weekly, Kelly's Weekly, Pen and Pencil Weekly, Pleasant Hours (for February), Staats Zeitung, Frank Leslie's Illustrated, Rural New Yorker, Scottish American, Peterson's Magazine (for February), Tribune Almanac for 1868, Boys' and Girls' Weekly, Horticulturist (for January).
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TENNESSEE. Failure of the Commercial Bank of Memphis. MEMPHIS, Jan. 13, 1868. The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused some excitement, and runs were made on other banks, but the excitement was soon ailayed.
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FROM MEMPHIS. Suspension of a Bank. MEMPHIS, Jan. 14.-The Commercial Bank of this city has suspended.
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# Incendiarism-Bank Suspension. MEMPHIS, January 13.-The town of Sardis, Miss., was nearly destroyed by fire yesterday, which is supposed to have been the work of incendiaries. Loss, $80,000. Insurance, $26,000. The Commercial Bank of Memphis suspended this morning. It is said that the assets exceed the liabilities. The suspension caused some excitement. Runs were made on other banks, but the excitement was soon allayed.
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Bank Suspension. MEMPHIS, TENN., January 14.-The Commercial Bank of this city suspended payment to-day.
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Commercial Bank. MESSRS. EDITORS: Your correspondent, Justice, asks in your yesterday's paper after the Commercial Bank. If he is a creditor, he must know the assets of the bank have long been in the hands of a Receiver of the Chancery Court, and that the officers of the late bank are not more able to render the required information than he himself can be by the proper examination. I suppose you could not have intended to reflect on Mr. RESPONDENT. Mosby. In our remarks yesterday, we took it for granted that the interrogatories of "Justice" were proper enough. From the statement of "Respondent," how. ever, it would seem that the proper place to seek information was indicated by him. As to our allusion to Mr. Mosby and fees, his fees, if he receives any, are fixed by the court, and no occasion of reproach to him. If the assets of the bank amount to little, it is not his fault, when as we have no reason to doubt, he is doing the best he can with them.
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NEW ADVERTISEM'NTS ASONIC NOTIOE-AngeM rona Lodge 168, will work in the E. A. Degree, this, Monday, evening at 8 o'clock. All E. A.'s in good standing are fraternally invited. JOHN zent, W. M. JOHN BEAMISH, Secretary. jy20 It OR RENT.-A Dwelling for a small family, F No. 91 Marketstreet. Rent low. Apply to A. CARR, Boat Stere, Water street. jy19 lw OR RENT.-The building lately occupied F by the Commercial Bank of Tennessee. Apply to J. A. OMBERG, Receiver. JY 18 3t ANTED-An experienced Planter or OverW seer to take charge of a Cotton and Corn Plant tion. The best of references required. Apply to J. W. TODD, at Edmonds, Todd & Co, 308 Front street, Memphis, Tenn. jy 19 In the District Court of the United States, for the District of West Tennessee. In the matter of Morris R. Mitchell, Bankrupt. In Bankruptcy, District of West Tennessee-ss To whom it may concern: The undersigned hereby gives notice of his appointment as assignee of erris R. Mitchell, of Memphis, in the county of Shelby and State of Tennessee, within said District, who has been adjudged a Bankrupt upon his own petition, by the District Court of Said District. Memphis, Tenn. the 18:h day of July, A.D., 1868. WILLIAM Y. CIRODE, jy19 26 2 Assignee, etc. In the District Court of the United States, for the District of West Tennessee. In the matter of Emanuel A. Levy, Bankrupt. In bank. ruptcy, District of West Tennessee--ss To whom it may concern: The undersigned hereby gives notice of his appointment as assignee of Emanuel A. Levy, of Memphis,in thecounty ofShelby and State of Tennesses, within said District, who has been adjudged a Bankrupt upon his own petition, by the District Court of sald District. Memphis, Tennessee, the 18th day of July, A.D., 1888. WILLIAM Y. CIRODE, 2 Assignee, Etc.
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CHANCERY COURT-Wm, M. Smith, Chancellor, etc.-Tue decrees and orders entered on yesterday are as follows: Wile vs Boon, leave to answer. somerville Vs Dubose, reference. Butler VS Johnson, order on Sheriff. Brown vs Day, guardian appointed. Glisson vs Kus p, sale. Wilkerson vs F. Ins. Co., reference. Hamilton VS Treat, sale, etc. Edmonds VS Bates, flnai decree. Page VS Commercial Bank of Tennessee, instructions to Receiver. Finlay VS Heylin, consolidation. Mosby V8 Hunt, reference. Hardin VS Hunningham, guardian appointed. White VS Bias, (heirs,) final. Orgih VS Baker, sale confirmed. Caurch VS Trezevant, final. Bolton VS Harrell, final. Quimiy VS Rothrock, pro confesso. Newsom VS Taylor, pro confesso, Butler V6 Small, decree renewed. Bo ton VS Cash, pro confesso Anderson VS Cross, Receiver released. Martin VS Durf, interlocutory order. Robinson VS Williams, sale, etc. Kaapp VS Southern Express Company, interlocutory order. Greenlaw VS Mouroe, consent order. Fargason vs Hawley, guardian appointed. Pierath VS Signiago, reference. Harrison VS Blackburn, sale renewed. Cirode vs/Aikens, reference. Gulle vs Hayer, rence. Cordes VS Murpay, motion to dissolve. Smith VS Hicks, guardian appointed. Galaer VS Smith, guardian appointed. Paul vs Smith, guardian appointed. Wickersham YS Callahan, order on tenants. Cox vs Ketchum, final decree. Irby VS Sherwe 1, order On complainant Niblett VS Brown, administrator appointed. The remaining orders and decrees will be published to morrow morning. The cases set for trial on Monday next are as follows-Court standing adjourned over to Monday 194 Stockley VS Trigg et al. 195 Walker VS Trigs es al. 255 Jones VS Spencer. 271 Chasnir VS Merrill al. 273 Adams VS Memphis and Little Rock Railroad Company a. 274 Trigg et al V8 Trigg et al. 273 Howell V8 Williams. 276 Wicks VS McDermott, 277 Porter VS Street et al. 278 Thompson VS Schmock. 279 Morris et al V8 Seldon & Co et al. 280 Hill et al VS Davie et al. 281 Halum, adm'r, VS Barnett et al. 284 Sharpe & Co V8 Hicks et at. 283 Cope & Co VS Philips st al. 284 Cope & Cove Thomas et al. 285 Gayoso Savings Inst. vs Connell et al. 286 Parker V8 Parker et al. 287 Saffarans VS Hendrickson et al. 288 Clinton V8 McDonald. 2:9 Clinton vs McDonald. 290 Ferguson VS Wade al. 291 Waddell vs Stewart et al. 292 Speckernagle VS Menitee et al. 293 Mosby et al VS Hunt et al. 294 Smith VS Smith et al. 295 Rawlings VS Horne et al. 293 Ragan V8 May et al. 207 Ford, adm'r, V8 Clayton et al. 298 Williferd, adm'r, VS Westbrook et al. 299 Boyd VS Grant et al. 300 Bumenthal VS Horanson. 301 Waiker, adm'r, vs Pickett et al. 302 T igg Vs Nelson, extrx. 803 Bledsoe VS Carpenter et al. 304 Crofford et al V8 Smith et al. 805 Spittle vs Spittle et al. 306 Spivey VS Smith. 307 Price VS Parker. 308 Trader VS Goggin et al. SHELBY CIRCUIT COURT.-Geo. W. Reeves, Judge.-The Jury in the case of the State vs. Hudnall, indictment for murder, returned & verdict of not guilty. The case of Davis vs. Davis, divorce, was on hearing yesterday, but not determined. To-day the case of the State vs. Lanahan, indictment for murder will be cared up for trial. Law COURT-H. S. Lee, Judge.-The cases set for yesterday were disposed of. To-day being motion day, the motion docket will be taken up and called. MUNICIPALCOURT-Geo. W. Waldran, Judge.-The following business was tansacted yesterday : The jury in the case of the State VS Cuaningham, indicted for keeping & gaming house, returned a verdict of guilty and fixed the fine at $50 00. In the cases of the State VS Wetherbee, unlawful retailing, the jury returned a verdict of not guilty. The criminal side of the Court stands adjourned until Monday next. To-day the law side of the Court opens. The cases specially set for trial will be called up and heard. New style Hot et