First National Bank (Madison, WI)

Episode Information

Episode Type
Run Only
Start Date
June 5, 1893
Location
Madison, Wisconsin (43.073, -89.401)
Bank Type
national
Charter Number
144

Metadata

Response Measures

Accommodated withdrawals, Public signal of financial health

Events (2)

1. December 9, 1863 Chartered
Source
historical_nic
2. June 5, 1893 Run
Cause
Local Banks
Cause Details
Withdrawals followed reports of runs/failure at other Wisconsin banks (Manitowoc, Manufacturers National at Racine) and general loss of confidence from nearby cities.
Measures
Maintained large cash reserves on hand to meet demands; officers reassured public.
Newspaper Excerpt
There was a small run on the First National Bank today, but not enough to cause any great excitement. The bank's balance ... $258,000 on hand to meet demands, and the officers of the bank are not at all alarmed.
Source
newspapers

Newspaper Articles (10)

Article from The Indianapolis Journal, June 6, 1893

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Article Text

Run on a National Bank. MADISON, Wie., June 5.-There was a emall run on the First National Bank today, but not enough to cause any great exeitement. The bank's balance at the close of business Saturday showed $258,000 on hand to meet demands, and the officers of the bank are not at all alarmed.


Article from Grand Rapids Herald, June 6, 1893

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Article Text

They Held the Cash. MADISON Wis.. June 5. - There was a email run on the First National bank this morning, but not enough to cause any great excitement. The bank's balance at the close of business showed $259,000 on hand to meet demands, aud the officers of the bank are not at all alarmed.


Article from The Morning News, June 6, 1893

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Article Text

A Small Run at Madison. Madison, Wis., June 5.-There was a small run on the First National Bank today, but not enough to cause any great excitement. The bank's balance at the close of business Saturday showed $259,000 on hand to meet demands, and the officers of the bank are not at all alarmed.


Article from Rock Island Daily Argus, June 6, 1893

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Article Text

Run on a Madison Bank. MADISON, Wis., June 6.-There was a small run on the First National bank, but not enough to cause any great excitement. The bank's balance at the close of business Saturday showed $258,000 on hand to meet demands and the officers of the bank are not at all ala. med.


Article from The Anaconda Standard, June 7, 1893

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Article Text

Wisconsin Hanks. MANTTOWOC, Wis.. June 6.-The State bank of this city failed. It had a capital of $50,000. surplus $10,000. Manitowoe savings bank is now experiencing a slight run. At Madison the run on the First national has increased. and other banks are having increased demands.


Article from The Yellowstone Journal, June 7, 1893

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Article Text

The Wisconsin Banks. MILWAUKEE. Wis.. June 6. The State Bank of this city has failed. It had a capital of 850,000 and a surplus of 810,000. The Manitowoc Savings Bank now is experiencing a slight run. Reports from Racine say a run is in progress on the Manufacturers National and at Madison the run on the First National has increased.


Article from The Madison Daily Leader, June 7, 1893

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Article Text

A Run at Madison. MADISON, Wis., June 7.-A run has begun on the First National bank of this city. The anxious ones are mostly small depositors. There is no cause for uneasiness, but the reports from Milwaukee and Chicago and a general lack of confidence. The state has $100,000 deposited in this bank. There is no general lack of confidence in the bank's stability.


Article from Omaha Daily Bee, June 7, 1893

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Article Text

slight run. Reports from Racine say that a run is in progress on the Manufacturers National bank. At Madison the run on the First National has increased. Other banks are having increased demands.


Article from The Princeton Union, June 8, 1893

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Article Text

JUST A LITTLE RUN. Madison Wis., June 6.-There. were rumers of a slight run on the First National bank this morning, but there were not enough calls of depositors to create any excitement. The bank's weekly balance sheet shows $359,000 in cash on hand this morning to meet demands and no fears are entertained by the officers.


Article from Carroll Sentinel, June 9, 1893

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Article Text

Run on a Madison Bank. MADISON, Wis., June 6.β€”There was a small run on the First National bank, but not enough to cause any great excitement.