German Exchange Bank (Portage, WI)

Episode Information

Episode UID
1320871091108
Episode Type
Run Only
Bank Type
trust
Bank ID
132087109 hash
Start Date
April 30, 1892
Location
Portage, Wisconsin (43.539, -89.463)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
96dff35ad17fadcf

Response Measures

None

Events (1)
1. April 30, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors relating to the recent failure of Parry/Barry & Muir prompted depositors to withdraw funds.
Measures
Aid furnished by the First National and City banks and leading business men to support the bank.
Newspaper Excerpt
Rumors started by unknown parties bearing on the recent failure of Barry & Muir, caused a run on the German Exchange bank today.
Source
newspapers

Newspaper Articles (4)
1. May 1, 1892 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, May 1, 1892

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Article Text

Run on a Portage Bank. PORTAGE, Wis., April 30.-Rumors started by unknown parties bearing on the recent failure of Barry & Muir, caused a run on the German Exchange bank today. The institution will come out all right, as two other city banks and several solid business men promptly came to the rescue.

2. May 1, 1892 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, May 1, 1892

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Article Text

A Bad Run on a Wisconsin Bank. PORTAGE, WIS., April 30.-Rumors incident to the recent failure of Parry & Muir caused a run on the German Exchange Bank this morning. Aid was furnished by the First National and City Banks and leading business men. The bank will, it is declared, weather the storm all right.

3. May 1, 1892 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, May 1, 1892

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Article Text

A Bank in Danger. [By telegraph to the Dispatch.] MILWAUKEE, WIS., April 30.-A special to the Wisconsin from Portage, Wis., says: A rumor incident to the recent failure of Parry and Muir caused a run on the German Exchange Bank this morning. Aid was furnished by the First National and city banks and leading business-men. The bank will, it is declared, weather the storm. The institution is owned by R. A. Sprecker and F. W. Schutze. who are said to be amply able to meet all demands.

4. May 1, 1892 The Morning News Savannah, GA
Article from The Morning News, May 1, 1892

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Article Text

A pan on 8 Bank. MILWAUKEE, WIS., April 30.-A special to the Wisconsin from Portage, Wis., says: "A rumor incident to the recent failure of Perry & Muir caused a run on the German Exchange Bank this morning. Aid was furnished by the First National and City banks and leading business men. The bank will, it is declared, weather the storm all right. The bank is owned by R.A. Sprecker and F. W. Schutze, who are said to be amply able to meet all demands.