Jackson Interest & Deposit Bank

Episode Information

Episode UID: 7954430090877
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 795443009 hash
Start Date: January 1, 1873*
Location: Jackson, Michigan (42.246, -84.401)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: f6c7f6734324f0ec

Response Measures

None

Description

The 1884 article reports an assignment (insolvency) to an assignee, indicating closure; a prior 1873 brief suspension is also noted.

Events (2)

1. January 1, 1873* Suspension

Cause Details: Could not obtain currency (reported in article as reason for 1873 suspension)
Newspaper Excerpt: The bank suspended in 1873, owing, as they claimed, to their inability to get currency.
Source: newspapers

2. December 24, 1884 Receivership

Newspaper Excerpt: The Jackson Interest and Deposit Bank has made an assignment to Albert Stiles.
Source: newspapers

Newspaper Articles (1)

1. December 25, 1884 New-York Tribune New York, NY

Article from New-York Tribune, December 25, 1884

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Article Text

TRADE AND LABOR NOTES. CHATTANOOGA, Dec. 24.-The strike at the Soddy Coal Mines has ended, and all the miners, 300 in number, have returned to work. JACKSON, Mich., Dec. 24.-The Jackson Interest and Deposit Bank has made an assignment to Albert Stiles. The business was started in 1867 under the style of the Jackson Savings Bank, and changed in 1871. The bank suspended in 1873, owing, as they claimed, to their inability to get currency. but resumed shortly afterward. They did a good business. and were generally estimated to be worth about $75,000. WILKESBARRE, Dec. 24.-Messrs. Bates. Reed and Cooley of New-York. who recently obtained a judgment against Lee Mendleson, a dry-goods merchant here, caused his stock to be seized by the Sheriff last night. CHICAGO, Dec. 24.-J. R. Rothschild & Co., dealers in dry goods, were served with attachments last night on a judgment for $3,500 rendered in favorof New-Youkereditors. The firm confessed judgment in $30,000 this morning.