Bank Inquiry Exposes Merchants and Planters Bank Failures
A Georgia House committee reports on the Merchants and Planters Bank failure in Augusta. It details directors’ evasion of inspection, charter violations, improper discounts, and use of stockholder notes to finance operations, ending with collusion and loss to the public.
MENTIONED IN THIS ARTICLE
House OF Representatives
Merchants’& Planters’ Bank
Joint Select Committee
Merchants’ and Planters Bank
Augusta
Merchants’ & Planters’ Bank
Merchants & Planters’ Bank
Wis
Rchante’ & Planters’ Bank
Eaid
Henry
State Bank of Augusta
Merchants’ & Manters’ Bank
Edward Phormas
Hale
Wheeler
Tme
Wr. Ansley
Jessup Etites
Heard
Phomus
Barnes
Rugk
Messrs. Wheeler
Thomas
Holcombe
Yidges
Mer. Stuart
New York
Savannah
Thoms
Kenrick
Stuart
Itf
John W. Bridges
Edward Thomas
John C. Holcombe
Joseph Wheeler
Bridges
Thomas and Wheeler
Campbell
Gden, Ferguson, & Co
Georgia
Senate
State of
Merchants’ and Planters Bank of
Thomas Glascock
Jo Era Saunces
Jacb Wood
Joan A. Curnsent
Wilson Lumpkin
Philadelphia Examiner
Virginia
White House
Washigton
House of Delegates
Congress
United States Bank
Macon
Darien
Savannsh
St. Catherine’s Sound
Milligan’s Island
Cap Deverger
Messrs Low, Taylor and Co
Cock’s
Jackson
Deverger
Sunbury
Messrs. J
Holland
White
Merchants and Planters Bank Inquiry Report Condemns Actions
Georgia legislative committee concludes the Merchants and Planters Bank engaged in unsafe speculative practices, inflated bill discounts, and improper use of funds. It recommends forfeiture of the charter and barring bank bills from state treasuries, citing insolvency and improper favoritism.
Creek treaty letters reveal fair land sales to Indians
A letter from Col. Abert discusses President's stance on Indian land purchases under the Creek treaty. It opposes void leases, demands full title conveyances, fair value, and strict payment proof to avoid dependence. Also notes troops not requested and ongoing Creek protection demands. Virginia news highlights public money debates and Savannah racing results.
MENTIONED IN THIS ARTICLE
Executive Department
Tuscaloosa
Frankners
Washington City
United States
Fort Mitchell
Joan Gayle
Col. Abert
Mr. Bright
Alabama
Also Mentioned on This Page
Georgia Legislature
Huntsville
Ala
Gayle
Francis
Key
Keys
General Assembly
John Gayle
P.S
Jone
W. G. Haun
B. m. Rattlesnake
Bertrand
Devil
Tragon
Mr. Montmollin
Ch.m
Patsey Wallace
Alexander
Robin Gray
Gov Hamiton
Sir Andrew
Bonaparte
S. B. Wallace
Rasselas
Sumpter
Topgallant
Wm. P. Wilson
Saxe Cobourg
Kasciusho
Hambletonian