Howard Bank (Cartersville, GA)

Episode Information

Episode UID
7958119191122
Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
trust
Bank ID
795811919 hash
Start Date
June 24, 1893
Location
Cartersville, Georgia (34.165, -84.800)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e74bedabc63b0a62

Response Measures

None

Description

Contemporary articles report suspension after depositor withdrawals; later outcome (reopening/closure) not provided here.

Events (2)

1. June 24, 1893 Run
Cause
Macro News
Cause Details
Heavy withdrawals by depositors driven by general hard times/panic and inability to realize on assets
Measures
Posted notice that depositors will be paid in full as soon as collections can be made.
Newspaper Excerpt
suspended payment this morning, owing to the withdrawal of funds by depositors
Source
newspapers
2. June 24, 1893 Suspension
Cause
Macro News
Cause Details
Suspended payment because of depositor withdrawals and inability to realize on assets amid general hard times.
Newspaper Excerpt
The Howard Bank... suspended payment this morning owing to the withdrawal of funds by depositors and the inability of the bank to realize on its assets and on account of general hard times.
Source
newspapers

Newspaper Articles (6)

Article from The Times, June 25, 1893

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Article Text

BANK FAILURES SOUTH. Bank of Cartersville Suspends Payment. Receiver for Another. ATLANTA, GA., June 24.-The Howard Bank, of Cartersville, Ga., the largest town between Atlanta and Chattanooga, suspended payment this morning, owing to the withdrawal of funds by depositors and the inability of the bank to realize on its assets and on account of general hard times. The bank has posted a notice that depositors will be paid in full as soon as collections can be made. It has heretofore been considered one of the strongest banks in the smaller towns of the State. Gate City Bank in Receiver's Hands. ATLANTA, GA., June 24.-The Gate City Bank, which was placed in the hands of a receiver by the Comptroller of the Currency about two months ago, will close its affairs up, paying its depositors


Article from The State Chronicle, June 25, 1893

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Article Text

By Southern Associated Press. ATLANTA, June 24 - The Gate City Bank was placed in the hands of a receiver by the comptroller of the currency about two months ago. It will close up its affairs, paying its depositors in full Monday morning. More than half a million dollars in deposits, which has been locked up for several weeks, will be disbursed. The company is enabled to make settlement by the sale of its maguificent five-story fire-proof building which was purchased by Venable Bros. at a sacrifice sale for $160,000 cash. This with the money in hand, of the receiver, will allow the bank to pay dollar for dollar. THE CARTERSVILLE FAILURE. The Howard bank of Cartersville, Ga, the largest town between Atlanta and Chatanooga suspended payment this morning owing to the withdrawal of funds by depositors and inability of the bank to realize on assets and on account of general hard times. The bank has posted notice that depositors will be paid in full as soon as collections can be made. It has heretofore been considered one of the strongest banks in smaller towns of the State.


Article from The Morning News, June 25, 1893

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Article Text

CLOSED FOR WANT OF CASH. A Cartersville Bank Succumbs to the Hard Times. Atlanta Ga., June 24.-The Howard Bank of Cartersville, the largest town between Atlanta and Chattanooga, suspended this morning owing to the withdrawel of funds by depositors and the inability of the bank to realize on its assets, and on account of the general hard times. The bank has posted a notice that depositors will be paid in full as soon as collections can be made. It has heretofore been considered one of the strongest banks in the smaller towns of the state.


Article from The Roanoke Times, June 25, 1893

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Article Text

The Bank Troubles. SAN FRANCISCO, Cal., June 24 -The run on the Savings Union Bank continues day, though with less excitement than yesterday. There is also a run on the Hibernia Bank to-day. The situation is quiet. ATLANTA, June 24 -Howard Bank of Cartersville, Ga., the largest town between Atlanta and Chattanooga, suspended payment this morning owing to the withdrawal of funds by depositors and the inability of the bank to realize on its assets, and on account of the general hard times. The bank has posted a notice that depositors will be paid in full as soon as collections can be made. It has heretofore been considered one of the strongest banks in the smaller towns of the State.


Article from Richmond Dispatch, June 25, 1893

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Article Text

Down Goes Another. [By telegraph to the Dispatch.] ATLANTA, Gs.. June 24.-The Howard Bank of Cartersville, Ga.. the largest town between Atlanta and Chattanooga, suspended payment this morning, owing to the withdrawal of funds by depositors and the inability of the bank to realize on its assets and on account of general hard times. The bank has posted a notice that depositors will be paid 111 full as soon as collections can be made. It has heretofore been considered one of the strongest banks in the smaller towns of the State.


Article from The Evening Herald, June 27, 1893

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Article Text

TROUBLE IN THE BUSINESS WORLD. The Plaquemine Shingle and Lumber Company, of New York, has failed for a large amount. The Columbia Launch Company, operating boats to the World's Fair, has gone into the hands of a receiver. Sheridan & Byrne, builders, of No. 49 Cortlandt street, New York, are in a receiver's hands, with $225,000 liabilities. An attachment for $10,216 has been obtained against David Leon, merchant, at Caracas, Venezuela, by Cadenas & Co., of New York. Abraham Steers, lumber merchant and planing mill man, of New York, has asked for and obtained an extension. Liabilities about $380,000. As heavy indorsers for the Crane Lumber Company, Samuel W. Coffin & Sons, owners of the Cincinnati, O., dry docks Company, have assigned. By acknowledging the deed of the Supple estate to Colonel F. G. Hooton, of West Chester, the sheriff put the Colonel in shape to pay all his debts. The Howard bank, of Cartersville, Ga., the largest town between Atlanta and Chattanooga, suspended payment owing to the withdrawal of funds by depositors. The comptroller of the currency was informed of the failure of the First National Bank of San Bernardino, Cal., and of the Columbia National bank, of New Whatcom, Wash. George W. Kyper, proprietor of the St Cloud hotel, at Bellwood, Blair county, has failed. The liabilities will exceed $30,000, and his creditors will, it is believed, receive about fifty cents on the dollar. The Bank of Sumter, at Americus, Ga., declined to receive deposits or pay checks. Its to leged, correspondent refused in extend New York, the usual it is time alloans after promising, it is claimed, to do so. Isaac Weatherby, president of the Saxony Woolen Company, at Trenton, N. J., has applied for the appointment of a receiver, and Watson H. Linburg, of Philadelphia, was named to wind up the affairs of the concern. Philadelphia executions on judgment notes were issued as follows: William Alvin against Elizabeth Naegele, $2,500; Mrs. in against E. Naegele & Co., ate L. Marshall against the Mrs $1,JOU, same, $5,000. Inability to realize on gilt edged securities forced the Columbia National bank, of New Whateom. Wash., to close its doors The assets are $297,000 and the liabilities not over $100,000.