Article Text
OMAHA, Neb.-Because $1,000 in currency was refused an intoxicated depositor according to directors of the City National bank, a run was started on the institution.
13372. City National Bank (Omaha, NE)
Bank Information
- Episode Type
- Run → Suspension → Reopening
- Bank Type
- national
- Bank ID
- 9466
- Charter Number
- 9466
- Start Date
- December 10, 1913
- Location
- Omaha, Nebraska (41.259, -95.938)
Metadata
- Model
- gpt-5-mini
- Short Digest
df711bf9
Response Measures
Accommodated withdrawals, Public signal of financial health, Partial suspension
Other: Bank posted 30/60 day notice for savings deposits and paid commercial checks; clearinghouse issued statement of solvency and stood ready to help.
Description
Contemporary reports (Dec 10–11, 1913) describe a run triggered by an unfounded rumor started by an intoxicated/disgruntled depositor who had been refused $1,000 in currency. The bank invoked the 30/60 days' notice for savings withdrawals (partial suspension) and paid commercial checks as usual. The run subsided and normal business resumed the next day.
Events (5)
1.
June 30, 1909
Chartered
- Source
- historical_nic
2.
December 10, 1913
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- An intoxicated/disgruntled depositor was refused $1,000 in currency; officers say an unfounded rumor of financial difficulties he started caused the run.
- Measures
- Paid out about $150,000 during the day; commercial checks paid as tellers could handle them; announced regulation 30- and 60-days' notice for savings withdrawals.
- Newspaper Excerpt
- Because $1,000 in currency was refused an intoxicated depositor ... a run was started on the institution.
- Source
- newspapers
3.
December 10, 1913
Suspension
- Cause
- Rumor Or Misinformation
- Cause Details
- Bank imposed 30/60 days' notice for savings withdrawals largely as a protective measure after the run triggered by the unfounded rumor started by an intoxicated depositor.
- Newspaper Excerpt
- When at 10 o'clock the doors were thrown open the announcement was made that thirty to sixty days' notice would be required from savings depositors.
- Source
- newspapers
4.
December 11, 1913
Reopening
- Newspaper Excerpt
- The run which threatened the City National Bank of Omaha the first three days of this week had apparently entirely disappeared when the bank opened for business this morning. Only normal transactions occurred.
- Source
- newspapers
5.
January 11, 1916
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (13)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
RUN ON OMAHA BANK substituto Crowds of Depositors Demand Funds of City National When Doors Are Opened-Clearing House Announcement That Bank is Solvent Fails to Satisfy. Omaha, Dec. 10.-Notwithstanding reassuring statements from President Flack, of the City National Bank, and from the Omaha clearing house, published this morning, a large crowd of depositors stood in a half dozen lines before the bank long before the hour of opening. Perfect order prevailed. When at 10 o'clock the doors were thrown open the announcement was made that thirty to sixty days' notice would be required from savings depositors. Checks on the commercial department were paid as fast as a number of tellers could handle them. The City National was formerly the City Savings Bank and the savings department has over 11,000 depositors. It was explained that the difficulty of handling such a large crowd made st imperative to take the bank's privilege of requesting notice. Last night the Omaha.clearinghous Issued a statement that the City National was solvent and, while it was believed the bank could come thru the present run without aid, the othermembers of the clearing house were ready to lend financail assistance.
Click image to open full size in new tab
Article Text
RUN ON BANK IN OMAHA Omaha, Dec, 10.-Nothwithstanding reassuring statements from President Flack of the City National bank, and also from the Omaha clearing house, a large crowd of depositors stood in a half dozen lines before the bank long before the hour for opening this morning. Perfect order prevailed. When the bank doors were thrown open at 10 o'clock it was announced that thirty, and sixty days' notice would be required fro msavings deposits. Contracts on the commercial department were paid as fast as the tellers could handle them. The City National, formerly the City Savings banks, has more than 11,000 depositors. While it is believed the bank will be able to come through the run without aid, the members of the Omaha Clearing house stood ready to extend help if needed. The bank is said to be solvent.
Click image to open full size in new tab
Article Text
DRUNKEN DEPOSITOR STARTS RUN ON BANK Omaha, Neb., Dec. 10.-One drunken man put several bank depositors in a panic here, when, through kindness, it is said, the City National bank refused to let him have $1000 in currency when he demanded it. A run on the bank followed and during the day $150,000 was paid out to excited depositors. The bank is entirely solvent and the scare later subsided. The bank's cash reserve is shown to be 10 percent greater than required by law.
Click image to open full size in new tab
Article Text
MOR IS CAUSE OF RUN ON OMAHA BANK d to Have Been Started by Disgruntled Depositor; $150,000 Paid Out. OMAHA, Neb., Dec. 9.-An unfounded nor of financial difficulties, started, acding to bank officers, by a disgruntled positor, today caused a slight run on City National bank. The bank omptly paid all those who asked for ney and announced that the bank uld open tomorrow ready to meet all mands. Most of those who appeared withdraw their money were small deItors in the savings department. When rumor spread over the city crowds depositors appeared at the paying telY windows, demanding their money. ring the five hours the bank was ned for business the rotunda was wded with depositors and about $150,was paid out to those who called withdraw their money. At the bank's offices It was stated that bank last week declined to give an oxicated depositor $1000 in currency Ich he demanded. Today's run is dered to be a result. The bank continued to pay all deposi8 until the time of closing, when an cer of the institution notified those sent that the bank would be open at usual hour tomorrow morning and t all depositors would be bald on prestion of their passbooks. A recent ret of the national bank examiner who mined the bank's books showed the Itution to be perfectly solvent, with sh reserve 10 per cent greater than aired by law. The last statement of bank, which has a capital of $500,showed deposits of $3,348,405. with is and discounts amounting to $2,261,It had a cash balance of $1,108,127.
Click image to open full size in new tab
Article Text
CITY NATIONAL OF OMAHA UNDER FIRE Exciting Run Caused by Rumor Started by Intoxicated Depositor-Meeting Payments. Omaha. Neb. Dec. 11.-When the City National bank opened for business at 10 o'clock this morning. following the exciting "run" of yesterday afternoon. announcement was posted by the bank officials that the regulation 30 and 60 days' notices would be required before the withdrawal of savings deposits. Checks on the commercial department of the bank were paid as fast as a number of teliers could handle them. Notwithstanding reassuring statements given out last night and this morning by President Flack. of the City National and from the Omaha clearing house. a large crowd of depositors stood in half a dozen lines before the bank doors this morning. long before the hour for opening Perfect order prevailed and there was little evidence of the panicky conditions often featured in connection with bank runs. Claims Bank Solvent. The Omaha Clearing House association gave out a statement declaring the City National bank to be thoroughly solvent and declaring "there is no occasion for the rumors circulated to the contrary. The statement further says the banks of Omaha will extend any needed assistance. "but the clearing house, since its examination of the bank, believes that the bank is fully able to discharge its obligations to depositors.' The City National bank was formerly the City Savings bank and the savings department has more than 11,000 depositors. Officials of the bank declare that the run was startd by rumors put in circuiation by a depositor who appeared at the bank a few days ago in an intoxicated condition and tried to draw $1,000 in currency on his savings account. Largely as a matter of protection to the individual the teller insisted on the regulation notice. Exciting Five Hours. Most of those in line yesterday efternoon were small depositors in the savings department. When the rumor spread over the city crowds of depositors appeared at the paying tellers windows. demanding their money During the five hours the bank was open for business the rolunda with crowded with depositors, and about $150,000 was paid out to those called to withdraw their deposits." The bank continued to pay all depositors until the time of closing. A recent report of the national examiner. who went over, books, showed that institution perfectly solvent. with A reserveror.ro per cent more cash than required law. The last statement of the bank. which has a capital of $500,000. showed deposits of $3.345.405. with loans and discounts amounting to $2.351.093.
Click image to open full size in new tab
Article Text
BANK RUN ENDED Omaha, Neb., Dec. 11.-The run which threatened the City National Bank of Omaha the first three days of this week had apparently entirely disappeared when the bank opened for business this morning. Only normal transactions occurred.
Click image to open full size in new tab
Article Text
RUN ON OMAHA BANK STARTED DESPITE THE CLEARING HOUSE STATEMENTS. DEPOSITORS LINE UP IN FRONT OF CITY NATIONAL. Omaha, Nebr. Notwithstanding reassuring statements from President Flack of the City National bank and also from the Omaha clearing house, a large crowd of depositors stood in a half dozen lines before the bank long before the hour for opening this morning. Perfect order prevailed. When the bank doors were thrown open at 10 o'clock, it was announced that thirty and sixty days notic , would be requested from the savings depositors. Checks on the commercial department were paid as fast as the tellers could handle them. The City National was formerly the City Savings bank, and has more than 11,000 depositors. While it is believed the bank will be able to come through the run without aid, other members of the Omaha clearing house stood ready to extend help 11 needed. The bank is said to be solvent.
Click image to open full size in new tab
Article Text
Omaha Bank Run Ends. Omaha, Dec. 11.-The run which threatened the City National bank of Omaha the first part of this week, apparently was over when the bank opened for business this morning. Only normal transactions occupied the officials and employees.
Click image to open full size in new tab
Article Text
CONDENSED DESPATCHES. A resolution favoring the extension of suffrage to women was adopted at the convention of the State Grange, Thursday, at Rutland, Vt. Daniel and Evaristo Madero, uncles of the late President Madero, with their wives, sailed from Havana, Thursday, for New York, on board the Miami. The run which threatened the City National Bank of Omaha, the first three days of this week, had apparently entirely disappeared when the bank opened for business, Thursday. The secretary of the British National committee of the Postal Employes Unions stated, Thursday, at London, that there would be no strike at the post office during the Christmas season. It was at one time thought nearly 100,000 government post office employes would go on strike before the holidays. Frederick Yeager, a banker of Boston, and Miss Ruth Van Arsdale, daughter of Elias S. Van Arsdale of Brookline, Mass., were married, Thursday, at a Pomfret, Ct., hotel by a justice of the peace. Yeager is the son of John S. Yeager of Cambridge. Afterwards they went to the home of a relative at Thompson, leaving later on a wedding trip. Timothy J. Murphy, undertaker, steamship agent, a one-time member of the common council and a resident of New Bedford, Mass., for the greater part of his life, was found dead in bed at his boarding house at 69 South Sixth street at 10.15 A. M., Thursday. Though Mr. Murphy had been suffering from heart trouble for several years he retired, Wednesday night, apparently in good, health. The strike of the stationary firemen at the Farwell bleachery, Lawrence, Mass, was adjusted, Thursday, on the basis of a 60-hour week offered by the mills before the strike was called. All but one of the four strikers have been asked to, report for duty, next Monday morning. In the United States court at Savan-, nah, Ga., Thursday, three convicted white slavers were sentenced to a year and a day in the federal prison at Atlanta.
Click image to open full size in new tab
Article Text
Run Disappears Omaha, Neb., December 11.-The run which threatened the City National bank of Omaha, the first three days of this week, had apparently entirely disappeared when the bank opened for business today.
Click image to open full size in new tab
Article Text
BANK RUN CAUSED BY RUMOR Trouble for a Solvent Omaha Institution Started by An Angry Patron. Omaha, Neb.--An unfounded rumor of financial difficulties started, according to bank officers, by a disgruntled depositor, caused a slight run on the City National Bank here. When the rumor spread over the city crowds of depositors appeared at the paying tellers' windows, demanding their money. In the five hours the bank was open for business the rotunda was crowded with depositors, and about $150,000 was paid out to those who called to withdraw their money. At the bank's office it was stated the bank last week declined to give an intoxicated depositor $1,000 in currency which he demanded. Today's run is declared to be the result.
Click image to open full size in new tab
Article Text
street, two no Nineteenth THREE MISS dispositions. Rhodes, Boyd Adeline three tags: no dispositions H. Ries 2203 Jones street, FIREWORKS two tags: dismissed. Roberts Dairy, 2901 Cuming street, two tags; paid fine. H. 522 South Thirty- State Fairgrounds Is M. two tags; one diseighth avenue, Scene of $5,500 missed. Verna T. Ruive. 418 South Thir- plosion Loss. avenue, two one ty-eighth dismissed. Lincoln, July today Salontag, 6321 North Frank destroyed the ammunition for the avenue, three tags; no "Siege spectacle by the fireworks American dispositions Schizai, 5855 William Legion post here for Friday and street, two tags; no disposition Saturday night at the fair. grounds barn and E. Shaeffer Eighteenth and mobile also burned Howard streets, two tags; $1 and Three filling fireworks costs suspended, Shaeffer, 1904 South Six- bombs escaped The placed teenth street, two tags; one disincluding four thousand dollars for missed 4235 William fireworks, one thousand dollars for R. the barn the north side the street, two tags; disposition fairgrounds track and five Shamp, Austin aparthundred dollars for the automobile. ments. tags: paid fine Joe Milan promotor the pageEthylyn Shapiro, 3559 California Verne Newcombe and Gus paid Patterson escaped injury. The $1 only spectacle presented Norin Shoemaker 627 North later date after the arrival more street, two tags: no fireworks dispositions Patterson said he was filling Skolnik 2517 North Eightbomb when an explosion flashed eenth street, two tags: no disposiin his He dashed out the door He could not explain Edward Slattery 701 Keeline the explosion occurred building. three tags: no disposiSmith, City National Announce Reopening Bank building, two tags; no disof Live Stock Loans positions 1003 South Washington D. July street, two tags; no The antoday relief loans Spain, First National will Dakota Bank building, four tags: three dis- and Montana provide feed for missed. live stock The will be from Spain, 1808 Harney street funds from the 65 two tags paid lion dollars the Stewart Blackstone last congress for drouth sufferers two dismissed The feed be limited $1 and costs four times the needed for beef cattle and 25 Motor company Twen tieth Harney streets. two tags: sheep for family The loaned head one 4337 each month will be for Irene Strong Chicago cattle: $4 for beef cattle, and street. tags paid fine South cents for sheep 3222 fourth street, two tags; dis. missed. Suttles 820 North Fiftieth two tags: $5 and costs Omaha National Bank four $1 and costs suspended three times Schum Land company First building two tags: paid Clint Tebbens. 605 Omaha Hello National Bank building eight tags: suspended twice Thomas South Nine- Everybody! teenth street: two tags: no dispoAlfred Valentine 1113 South Seventh two paid fine Everett Vanderpool fifth and Blondo streets two tags paid fine and costs suspended Reuben Vann street two paid one dismissed Westinghouse Electric 712 Elec- I'm the refreshing tric building. three tags: $1 and costs suspended twice brew you've been ter two no dispohearing these wonsition