10779. Metropolitan Bank (St Louis, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
May 1, 1884*
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
82835063

Response Measures

None

Description

Multiple contemporaneous newspapers (dated May 15–16, 1884) report the 'resumption' (reopening) of the Metropolitan Bank in St. Louis after a prior suspension. The articles mention general uneasiness caused by failures/suspensions elsewhere (Fisk & Hatch, Dimmick, Donnell, Lawson & Simpson) rather than a depositor run on Metropolitan itself. Therefore this is classified as a suspension followed by reopening. Bank charter type not specified in articles; set to unknown.

Events (2)

1. May 1, 1884* Suspension
Cause
Macro News
Cause Details
Precautionary suspension related to wider financial disturbances and failures (Fisk & Hatch, Dimmick, Donnell & Co.) and general eastern news causing uneasiness in St. Louis.
Newspaper Excerpt
Much satisfaction is expressed at the resumption of the Metropolitan Bank, and while a little uneasiness was produced by the suspension of Fisk & Hatch...
Source
newspapers
2. May 15, 1884 Reopening
Newspaper Excerpt
Much satisfaction is expressed at the resumption of the Metropolitan bank, and while little uneasiness was produced by the suspension of Fisk & Hatch ... the general opinion is that nothing serious will result outside of New York.
Source
newspapers

Newspaper Articles (7)

Article from The Indianapolis Journal, May 16, 1884

Click image to open full size in new tab

Article Text

UNEASINESS IN THE SOUTHWEST. That Section Liable to Suffer Seriously Through Donnell, Lawson & Simpson. ST. LOUIS, May 15.-The situation here is practically unchanged. Bankers and business men generally have no apprehensions for the future. Much satisfaction is expressed at the resumption of the Metropolitan Bank, and while a little uneasiness was produced by the suspension of Fisk & Hatch, and a very slight flurry created by the temporary trouble at Kansas City, still, the general opinion is that nothing serious will result outside of New York. Coasiderable attention is attracted, however, to Donnell, Lawson & Simpson, and there is a considerable desire to know the condition of that firm, and to know what its future action will be. It has intimate relations with, and is correspondent of nearly one hundred banks in Missouri, some sixty in Kausas, thirty or forty in Texas, and has numerous connections in all the extreme Western States and Territories. It is not known, of course, to what extent they are involved, but their indebtedness to Western bankers may run into the millions. L. V. Stephens, of Booneville, one of the most prominent bankers in the interior of this State, estimates that, in case of a complete failure of the firm, the loss to Missouri will be fully half a million. It is also feared the loss to Texas bankers will be heavy. A dispatch from St. Joseph says attachments have been laid on Donnell's property in that city to the amount of $60,000. James L. Wilson, assignee of the St. Joseph Savings Bank, which closed yesterday. has taken charge, and will investigate the condition of affairs at once.


Article from The Dallas Daily Herald, May 16, 1884

Click image to open full size in new tab

Article Text

St. Louis' Pulse. ST LOUIS, May 15.-The situation here is practically uncha ged. Bankers and business men generally, have no apprehension for the future. Much esti-faction is expressed at the resumption of the Metropolitan bank, and while little uneasiness was produced by the suspension of Fisk & Hatch, and a very slight flurry created by the temporary trouble in Kansas City, still the general opinion is that nothing serious would result outside of New York. There is considerable attention. however, to Donnell, AWSOU & SimpSOD, and there is considerable desire to know the condition of this firm and what its future action will ba. It has extensive relations. and is correspondent of nearly 100 banks in Missouri, some sixty in K uses, thirty or forty in Texas, and numerous connections in all extreme western states and territories. It is not known, of course, to what extent they are involved in this direction. but their indebtedness to western bankers may run into millions. L. W. Stephens, or Boonville, one of the most prominent bankar in the interior of this state, estimates, in unse of the complete failure of the firm, the loss to Missouri W It be fully half a million. It is also feared the loss to Texas bank will be heavy. A dispatch from St. Joseph says attachments have been laid on Donnell's property in that city to the amount of $60,000. James L. Wilson, assignee of the St Joseph Savings bank, which closed yes. terday, has taken charge. and will Investi gate the condition of affairs at once.


Article from The Wheeling Daily Intelligencer, May 16, 1884

Click image to open full size in new tab

Article Text

Are not Airaid. Sr. Louis, May 15.-The situation here is unchanged. Much satisfaction is expressed here at the resumption of the Metropolitan bank, and while little uneasiness is produced by the suspension of Fiek & Hatch, and a very elight Hurry created by the temporary trouble at Kansas City, still the general opinion is that nothing serious will result outside of New York.


Article from St. Paul Daily Globe, May 16, 1884

Click image to open full size in new tab

Article Text

ELSEWHERE. PITTSBURG. PITTSBURG, May 15.-The failure to-day of Fisk & Hatch and Dimick had the effect of slightly disturbing business circles, but there is no undue excitement. Solicitude was shown only by the eagerness with which the news from New York was watched and discussed. Representatives of all classes express themselves as feeling amply able to meet any possible contingency that may arise, but at the same time frankly admitted that precautionary measures are being generally adopted. Money is held much closer than yesterday. ST. LOUIS. ST. Louis, May 15.-The situation here is practically unchanged. Much satisfaction is expressed at the resumption of the Metropolitan bank, and while a little uneasness is produced by the suspension of Fish & Hatch,


Article from Fort Worth Daily Gazette, May 16, 1884

Click image to open full size in new tab

Article Text

ST. LOUIS. THE FINANCIAL SITUATION. Sr. LOUIS, May 16.-The situation here is practically unchanged. The banks and business in general have no apprehensions for the future. Much satisfaction is expressed at the resumption of the Metropolitan bank, and while a little uneasiness is produced by the suspension of Flak & Hatch, and is very slight Hurry created by the temporary trouble at Kansas City, still the general opinion is that nothing serious will result outside of New York. Considerable attention is attracted, however, to Donnell, Lawson & Simpson. and there is as considerable desire to know the condition of that firm and what Its future action will be, It has Intimate relations with and is cor-


Article from The Sedalia Weekly Bazoo, May 20, 1884

Click image to open full size in new tab

Article Text

put out over $800,000 on his "puts." Sages action, it was said would lift one of the clouds which had hung over the situation. Dimmick & Co.'s failure did not cause the surprise as the house has not been in high repute for some time. The failure is not connected with the troubles of Wednesday. Anthony W. Dimmick, a member of the firm, is president of the Bankers' and Merchants' Telegraph Co. Dimmick & Co. were the heaviest stockholders of the Telegraph company, whose stock sold at $1.19 Wednesday and after the failure dropped rapidly to 45. The firm assigned to Charles P. Smith. MISSOURI BANKS, St. Lonis, May 15.-A Post-Dispatch, Jefferson City, special says: Secretary of State McGrath is in receipt of reports from all banks in the state up to the tirst of the month and says the statements show the banks to be in a flourishing condition and show a better financial standing than at any previous time. The situation here is practically unchanged. The bankers and business men generally have no apprehensions for the future. Much satisfactic n is expressed at the resumption of the Metropolitan bank. While a little uneasiness was produced by the suspension of Fisk & Hatch, and a very slight flurry was created by the temporary tronble in Kansas City, still the general opinion is nothing serious will result outside of New York Considerable attention was attracted, however, to Donnell, Lawson & Simpson, and there is considerable desire to know the condition of that firm and what its future action will be. It has intimate relations with and is correspondent of nearly a hundred banks in Missouri, some in Kansas, thirty or forty in Texas and has connections in all the extreme western states and territories It is not known to what extent they are involved and in what direction, but their indebtedness to Western bankers may run into the millions. L. V. Stephens of Boonville, one of the most prominent bankers of the interior of this state estimates in case of a complete failure of the firm the loss to Missouri will be fully half a million. It is also feared the loss to Texas bankers will be heavy. A dispatch from St. Joseph says attachments have been laid on Donnells' property in that city to the amount of $60,000. Jas L. Wilson, assignee of the St. Joseph savings bank which closed yesterday, has taken harge and will investigate the concondition of affairs at once. IN KANSAS CITY. Kansas City May 15.-There is no truth in the report of the suspension of the bank of Kansas City. The bankers of the city met this morning and agreed to pay 20 per cent. cash to depositors, and to give certified checks for the balance. This agreement includes all except Armour's bank, which prefers to pay dollar for dollar. The balance at the clearing house will be announced at 1 o'clock, when the plan of settlement will be agreed upon, It 18 thought the plan decided upon in New York will be adopted here. There was some excitement this morning but this had materially subsided at noon. The slight flurry of the morning disappeared this afternoon. A large number of deposits were drawn out in the morning, but nearly all were small amounts, the larger depositors appearing confident the scare was merely an artificial one. The concerted action of the banks, coupled with the encouraging eastern advices brought about an early reaction, and the excitement gradually subsided. The report which got abroad that the bank of Kansas City was involved seems to have originated in the impression that the bank had a large account with Donnell, Lawson & Simpson. Their books show they had only a $34.000 with the New York firm, comparatively a small amount. The feeling now is that the occasion for apprehension of serious trouble is over. The bank clearings to day were $522,000 against $593,000 the corresponding day last year, being an increase of $71 000. This is regarded as a favorable showing under the circumstances. All the banks have settled their balances without hesitation, obviating the necessity for adopting any special plan of settlement and the situation appeared altogether reassuring. The Citizens National and Traders banks paid out in full during the afternoon, though it is understood they were included in the original agreement to pay 20 per cent. cash and use certified checks. THE SCENE THIS MORNING on Deleware street, where most of the banks are located, was quite exciting Large crowds gathered about the doors of several banks, though their numbers were made up to a great extent by mere curiosity seekers. As the day wore on confidence was restored, and by 12 o'clock even the latter had dispersed. The feeling to-night among business men is that the crisis which threatened is past, unless further failures in the east should bring about fresh complications. Governor Glick, of Kansas, Secretary of State Smith and Treasurer Howe passed through the city to-day en route to New York, purposing to effect a settlement of the affairs of the state of Kansas with Donnell, Lawson & Simpson, and appoint a new fiscal agent. The announcement of the suspension of Fisk & Hatch came too late to visibly affect the business of the day. The only disturbance to-day was in the condition of the banks. The condition of business generally is unusually healthy, and financiers say the business of the city was never more prosperous than it has been this


Article from The Austin Weekly Statesman, May 22, 1884

Click image to open full size in new tab

Article Text

before 3, the closing change, but the effect was instantaneous depression. On the announcement of the failure a rush of operators was made to the office of the firm, and anxious inquiries were made by brokers as to how the firm stood. Fisk was seen by an associated press reporter, but refused to say anything. The doors closed, and the crowd outside increased. The suspension was so unexpected that its effects became more than doubled, and the street again was excited, brokers rushing around wildly, while the situation again assumed a troubled aspect. SUPPOSED TEXAS LOSSES. ST.LOUIS, May 15.-The situation here is practically unchanged. Bankers and business men generally have no apprehensions for the future. Much satisfaction is expressed at the resumption of theMetropolitan bank,and while little uneasiness was produced by the suspension of Fisk & Hatch, a very slight flurry was created by the temporary trouble at Kansas City. Still the general opinion is that nothing serious will result. Outside of New York considerable attention is attracted, however, to Donnell, Lawson & Simpson, and there is a considerable desire to know the condition of that firm, and what its future action will be. It has intimate relations with, and is correspondent of nearly 100 banks in Missouri, some 60 in Kansas and 30 or 40 in Texas, and has numerous connections in all the extreme western states and territories It is not known, of course, to what extent they are involved in this direcS tion, but their indebtedness to west ern bankers may run into millions L. W. Stephens, of Booneville, one o the most prominent bankers in the in terior of Missouri, estimates, in cas of a complete failure of the firm, the loss to Missouri be fully half a mil S lion. It is also fear the loss to Tex e as bankers will be heavy. A dispatel 0 from St. Joe says attachments hav been laid on Donnell's property in e that city to the amount of $60,000