10313. First National Bank (Kansas City, MO)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3456
Charter Number
3456
Start Date
January 4, 1908
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
99be02be

Response Measures

None

Other: Earlier article (1907-11-01) describes clearinghouse agreement in Kansas City restricting shipment of currency; Jan 1908 articles describe a bomb explosion in the First National Bank building that caused a panic/scramble but no reported suspension.

Description

A bomb exploded in the basement of the First National Bank on Jan 4, 1908. Newspapers describe a panic and scramble for the doors but do not report a suspension, closure, or receivership. Classified as a run-only (panic/withdrawal scare) triggered by a local violent shock.

Events (1)

1. January 4, 1908 Run
Cause
Local Shock
Cause Details
Bomb exploded in the bank's basement causing panic among customers and a scramble for the doors.
Newspaper Excerpt
A bomb exploded in the basement... The bank was crowded with customers at the time, and a panic ensued. The First National bank building... A panic ensued and there was a wild scramble for the doors.
Source
newspapers

Newspaper Articles (5)

Article from Barton County Democrat, November 1, 1907

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Article Text

To Our Patrons. It maybe somewhat of a surprise to you, that we with the other banks of this country were forced to make small currency payments caused by the actions of our banks east and west refusing to send out money to us when called for, SO that we would be able to meet anv demand or currency or gold. not only from our patrons but from any other source. But that you may fully understand the situation and know that it is no fault of ours we give to you the explantion made to us by these banks, which are the largest in the country perfectly solvent and are able to pay every dollar due from any source. On the morning of the 28th we received the following telegram from the largest bank at Wichita, as follows: "Following the action of the New York, Chicago, St. Louis and Kanass City clearing houses we agree not to ship any currency or pay any cash over the counter. We would advise the banks in your county to take similiar action immediately." We received notice from banks of Kansas City and Colorado to the same effect. To test this we order currency to be shipped from Kanass Citv and Colorado. And received a telegram as follows: "By clearing house agreement, can't shipped currency. Letter follows." The following dav we receive I letters from the largest banks in the country explaining the situation fully Mr. E. F. Swinney, President of the First National Bank. Kansas City, one of the largest and safest banks in the country, writes as follows: "We hope you will understand that it is no fault of the Kansas City Banks, we have several millions of dollars in New York, Philadelphia, and Chicago Banks tied up that we are unable to get one dollar of currency from any of them." We received another letter from the Commercial National Bank. Kansas City, Kansas. "All the banks in Kansas City are"perfectly solvent, we certainly believe this action will avoid any panic. There is very little curreney used in legitimate business. Your customers can use drafts payable to any bank in the country you can use your certified check. We look for the strin gency in money market to be over soon." Also, we have received other explanation given out by the largest, best and; safest banks in the country: so there need be no fear or alarm. We wish to state further that we have anticipated a small flurry in the money market in the west on account of the un settled condition of the money market in the east. We have prepared to meet any emergency that might arise at any time; and have stored up the cold cash in the vaults of the best and safest banks in this country for immed


Article from Evening Times-Republican, January 4, 1908

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Article Text

BOMB WRECKS BANK Fine Building of the First National at Kansas City Does Great Damage and Injures Three Persons. Kansas City, Jan. 4.-A bomb exploded in the basement of the magnificent three-story marble building of the First National bank, at Tenth and Baltimore, at noon today. The force of the explosion was terrific. and caused much damage. Three persons were injured, none seriously. There is no clue to the persons who set the bomb off. At first the explosion was supposed to have resulted from leaking of natural gas, but investigation developed the fact that a bomb had been placed in the toilet room in the basement, twenty feet from the main vault. The walls of the tollet room and the adjoining room were badly damaged, the steel floor supports were bent out of position, the plumbing was wrecked, and windows smashed. The building was shaken as If by an earthquake. The force may be appreciated from the fact that it was felt in all parts of the city. The bank was crowded with customers at the tome, these together with the employes, numbering perhaps 250 persons. A panic ensued and there was a wild scramble for the doors. The First National bank building is one of the most beautful structures in the city. It was only finished last year and cost close to $1,000,000. The first floor was occupied by the bank, which is the largest financial institution in Kansas City. The two upper stories are occupied principally by real estate and law firms.


Article from The Barre Daily Times, January 6, 1908

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Article Text

BOMB SHAKES BANK BUILDING. Three Hurt by Mysterious Kansas City Explosion. Kansas City, Mo., Jan. 6,-A bomb was exploded in the basement of the three-story building of the First Nationai bank at Tenth and Baltimore streets, in the business center, a few minutes after the noon hour Saturday. Three persons were injured, none fatally. John F. Pelletier, superintendent of the fire insurance patrol, who was in tue banking rooms at the time of the explosion, and E. F. Swinney, president of the bank, declare the explosion was the result of a bomb set off by some person unknown to them. The bank was crowded with customers at the time, and a panic ensued. The First National bank building is one of the most beautiful structures in the city. It was finished last year, and cost nearly $1,000,000. The building was shaken as if by an earthquake. The explosion was felt in all parts of the city.


Article from Reporter and Farmer, January 9, 1908

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Article Text

BUILDING IS SHAKEN. Bomb Explosion in First National Bank at Kansas City. Kansas City, Jan. 4.-A bomb was exploded in the basement of the three-story marble building of the First National bank, Tenth and Baltimore streets, in the business center. The force of the explosion was terrific and caused much damage. Three persons were injured, none fatally. There is no clue to the person who placed the bomb and set it off. The injured are: Elbert Ward, negro porter in bank, condition serious; Logan Wilson, bank clerk, rendered unconscious, will recover; J. Donaldson, bank clerk, cut by falling glass, not serious. The bank at the time of the explosion was crowded with customers and employes numbering perhaps 250. A panic ensued and there was a wild scramble for the doors.


Article from Little Falls Herald, January 10, 1908

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Article Text

BUILDING IS SHAKEN. Bomb Explosion in First National Bank at Kansas City. Kansas City, Jan. 4.-A bomb was exploded in the basement of the three-story marble building of the First National bank, Tenth and Baltimore streets, in the business center. The force of the explosion was terrific and caused much damage. Three persons were injured, none fatally. There is no clue to the person who placed the bomb and set it off. The injured are: Elbert Ward, negro porter in bank, condition serious; Logan Wilson, bank clerk, rendered unconscious, will recover; J. Donaldson, bank clerk, cut by falling glass, not serious. The bank at the time of the explosion was crowded with customers and employes numbering perhaps 250. A panic ensued and there was a wild scramble for the doors.