13369. Merchants National Bank (Dunkirk, NY)

View Charter #2619 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2619
Charter Number
2619
Start Date
March 23, 1893
Location
Dunkirk, New York (42.480, -79.334)

Metadata

Model
gpt-5-mini
Short Digest
64b13e5fdec94aeb

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Multiple contemporary dispatches (Mar 24, 1893) report a run on Merchants National Bank in Dunkirk. Articles state depositors crowded windows and the bank closed in the afternoon, but no formal suspension, receivership, or permanent closure is reported. The run is described as maliciously started by certain persons, indicating rumor/malicious misinformation rather than insolvency. Date for the run is inferred as 1893-03-23 from the text run was started ... yesterday in newspapers dated March 24, 1893.

Events (3)
1. January 23, 1882 Chartered
Source
historical_nic
2. March 23, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
Officials said the run was 'maliciously started by certain persons with intent to injure the bank'; bank officials asserted they were prepared to pay every dollar and had $100,000 remaining.
Measures
Bank closed in the afternoon (temporary closure for the day); officials publicly stated sufficient funds and ability to pay depositors.
Newspaper Excerpt
A run was started on the Merchants National bank here yesterday morning, and depositors crowded the tellers' windows until the bank closed in the afternoon.
Source
newspapers
3. June 29, 1946 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (4)
1. March 24, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, March 24, 1893

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Article Text

Big Run on a National Bank. DUNKIRK. N. Y.. March 24.-A - run was started on the Merchants National bank here yesterday morning. and depositors crowded the tellers' windows until the bank closed in the afternoon. The oflicials say that the run was maliciously started by certain persons with intent to injure the bank. They say they are prepared to pay every dollar and have $100,000 remainng. There is not much alarm felt among he business men.

2. March 24, 1893 New-York Tribune New York, NY
Article from New-York Tribune, March 24, 1893

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Article Text

SAY THE RUN WAS STARTED MALICIOUSLY. Buffalo, March 23.-A dispatch from Dunkirk. N. Y., says that a run was started on the Merchants' National Bank there this morning and depositors crowded the teller's windows until the bank closed this afternoon. The officials say that the run was maliciously started by certain persons with intent to injure the bank. They amert timt they are pre.

3. March 25, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 25, 1893

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Article Text

Run on a Bank. BUFFALO, N. Y., March 24.-A special from Dunkirk, N. Y., says a run was started on the Merchants' National Bank there yesterday morning and depositors crowded the tellers' windows until the bank closed in the afternoon. The officials say that the run was maliciously started by certain persons with intent to injure the bank. They say they are prepared to pay every dollar and have $100,000 remaining. There is not much alarm felt among the business men.

4. March 25, 1893 Wheeling Register Wheeling, WV
Article from Wheeling Register, March 25, 1893

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Article Text

A Run on a Bank. BUFFALO, N. Y., March 24.-A special from Dunkirk, N. Y.. says a run was started on the Merchants' National Bank there yesterday morning, and depositors crowded the tellers' windows until the bank closed in the afternoen. The officials say that the run was maliciously started by certrin persons with intent to injure the bank. They say they are prepared to pay every dollar and have $100,000 remaining. There is not much alarm felt among the business men.