San Francisco Bank (San Francisco, CA)

Episode Information

Episode UID
11005570908
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
1100557 routing
Routing Number
11-0055
Start Date
August 26, 1875
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0b22956dd2969317

Response Measures

None

Description

Articles describe a citywide panic after the Bank of California failure; unclear if San Francisco Bank itself suspended.

Events (2)
1. August 26, 1875 Run
Cause
Local Banks
Cause Details
Failure of the Bank of California triggered general panic and expected runs on other San Francisco banks.
Measures
Meeting of bank presidents called to concert measures for relief; Board of Brokers called a meeting.
Newspaper Excerpt
A run is also expected on the San Francisco and Merchants' Exchange Banks tomorrow.
Source
newspapers
2. August 27, 1875 Suspension
Cause
Local Banks
Cause Details
Panic following Bank of California failure and inability to obtain coin led at least one San Francisco bank to close until further notice.
Newspaper Excerpt
The National Gold Bank and Trust Company will close until further notice... As soon as coin can be obtained it will resume business as usual.
Source
newspapers

Newspaper Articles (2)
1. August 27, 1875 Evening Star Washington, DC
Article from Evening Star, August 27, 1875

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Article Text

CRIME IN THE INDIAN TERRITORY Financial Breakdown in California. Panic in San Francisco. Everybody Feeling Blue. SAN FRANCISCO, August 26, 10 p. m -The general feeling about town to-night is rather blue. The cashier of the National Gold Bank and Trust Company stated to a gentleman during an interview this evening that his bank would open in the morning, but might have to suspead during the day. This bank paid all its gold in the afternoon and a good deal of silver. If it can make arrangements to-night for coin, It may be able to ride over to-morrow. A run is also expected on the San Francisco and Merchants' Exchange Banks tomorrow. A meeting of bank presidents was called this evening to concert measures for relief. The board of brokers has also called a meeting.

2. August 27, 1875 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, August 27, 1875

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Article Text

BY TELEGRAPH. The Failure of the Bank of California SAN FRANCISCO, Aug. 26-10 p. m.-The general feeling about town to-night is rather blue. The cashier of the National Gold Bank and Trust Company stated to a gentleman during an interview this evening that that bank would open in the morning, but might have to suspend during the day. This baok paid all its gold in the afternoon, and a good deal of silver. If it can make arrangements to-night for coin it may be able to ride over to-morrow. A run is expected on the San Francisco and Merchants' Exchange Banks to-morrow. A meeting of bank presidents was called this evening to concert measures for relief. The Board of Brokers has also called a meeting. SAN FRANCISCO, Aug. 26 -midaight.-The National Gold Bank and Trust Company have sent the following notice for publication in the morning papers: In conse quence of the panic and the impossibility of obtaining coin, the National Gold Bank and Trust Company will close until further notice. The bank has $1,300,000 over and above all its liabilities. As soon as coin can be obtained it will resume business as usual. In the meantime any creditor SO desiring can have good assets of the bank to the amount of his claim. By order of the Board of Trustees, (Signed) HENRY L DAVIS, President. CHICAGO, Aug. 27.-The opinion of bankers in this city is that the failure of. the Bank of California will produce little, if any effect, in Chicago.