15394. Farmers & Merchants National Bank (Uhrichsville, OH)

View Charter #2582 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2582
Charter Number
2582
Start Date
May 26, 1884
Location
Uhrichsville, Ohio (40.393, -81.346)

Metadata

Model
gpt-5-mini
Short Digest
3f7fc4eff4f04bea

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Contemporary reports: a run occurred (May 26, 1884) triggered by the failure of the Penn Bank of Pittsburgh (loss to correspondent), the president paid out large sums and the bank remained open. Several syndicated Bradstreet lists erroneously or inconsistently list the bank among 'suspensions' (and OCR renders the name as 'Farmers' and Mechanics''), but the local report states the bank was not closed and reopened as usual.

Events (3)
1. November 1, 1881 Chartered
Source
historical_nic
2. May 26, 1884 Run
Cause
Correspondent
Cause Details
Run triggered by news of the failure/loss at the Penn Bank of Pittsburgh (correspondent exposure); depositors made withdrawals when this became known.
Measures
President paid out $32,000 to depositors; bank remained open and resumed normal operations.
Newspaper Excerpt
The Farmers' and Merchants' National Bank, of this place, is not closed as was reported, on account of the failure of the Penn Bank, of Pittsburgh. ... a run was made on it by depositors when it was known. President William R. Thompson, however, paid out $32,000, when the excitement died out, and a lot of money was returned to the bank again. The bank is open again as usual.
Source
newspapers
3. November 10, 1884 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (6)
1. May 27, 1884 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, May 27, 1884

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Article Text

The Ubrichsville Bank Opened. UNRICHSVILLE, 0., May 26.-The Farmers' and Merchants' National Bank, of this place, is not closed 29 was reported, on account of the failure of the Penn Bank, of Pitteburgh. This banking institution lost $10,000, and a run W29 made on it by depositors when it was known. President William R. Thompson, however, paid out $32,000, when the excitement died out, and 8 lot of money WAS returned to the bank again. Mr. Thompson says he is able to pay two dollars for every dollar he owes. The bank is open again as usual.

2. June 2, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, June 2, 1884

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Article Text

About 80 per cent. were those of small traders whose capital was less than $5,000. Among the important suspensions were Reid & Smith, cotton commission, and Thomas J. Crombie, lumber, New York city; the Penn Bank. Pittsburg, Pa.: Glendower Iron Company. Danville, Pa.: Hot Springs (Ark.) National Bank; Strong's Bank, Green Bay, Wis.; Crawford County Bank. Denison, Ia.; Farmers' and Mechanics' National Bank, Uhrichsville, Ohio: G. T. Foster & Co., wholesale millinery, Detroit, Mich., and Henry Sheldon & Co., bankers. Sherman, N. Y. In the principal trades they were as follows: General stores. 18; grocers, 11; liquors, 11; banks, 8; drugs, 8; millinery. 8; tobacco and cigars, 8; shoes, 7; clothing, 6; fancy goods, 5; hardware and agricultural implements, 5; jewelry, 5; dry goods, 4; furniture. 4; hotels and restaurants, 4; grain and flour. 3; harness, 3; lumber. etc., 3; butchers, 3; commission. 3; bankers, 2: bakers, 2; carriages, 2; men's furnishing goods, 2; produce and provisions, 2. ALABAMA. Farmsdate.-J. C. Brown & Co., general store, compromised. FLORIDA. Green Core Springs.-C. H. Moss. general store, failed and stock taken on two claims or $1,800. Kissimmee.-P. Y. Jennings & Co., general store, recently assigned, were attached. and the assignment, it is reported, was declared void. GEORGIA. Atlanta.-John H. James, banker. shows liabilities $506,000; nominal assets $656,000; actual assets $411,000. Of the assets $360,000 is in real estate, and efforts are being made to form a stock company of the depositors to hold the real estate. which is increasing in value. Stewart Brothers. shoes, failed. The stock is chattel mortgaged for $2,850. NORTH CAROLINA. Garysburg.-Jordon & Kee, general store, assigned. Liabilities estimated at $750; assets $1,000. TENNESSEE. Bellbuckle.-W. L. Garner, general store, failed. Liabilities $2,000: actual assets $1,200. Brownsville.-H. Orr, butcher and grocer, closed by attachment. Jackson.-W. H. Burnell & Co., wagon makers, assigned. Memphis.-H. G. Getchell & Co., pianos, assigned. Liabilities $6 000; assets $4,400. Rogersville.-John M. Carson, general store and grain, assigned.

3. June 5, 1884 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, June 5, 1884

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Article Text

The Failures of Week. Bradstreets furnishes the following: There were 148 failures and suspensions in the United States during the last week in May, against 188 in the preceding week and 140, 104, and 66 in the corresponding week of 1883, '82, and '81 respectively. About 80 per cent. were those of small traders whose capital was less than $5,000. Among the important suspensions were: Reid & Smith, cotton commission, and Thomas J. Crumbie, lumber, New York city; the Pennsylvania bank, Pittsburg, Pa.; Glendower Iron company, Danville, Pa. ; Hot Springs, Ark,, National bank; Strong's bank, Green Bay, Wis.; Crawford County bank, Dennison, Iowa; Farmers' and Mechan ics' National bank, Uhrichsville, Ohio; G. T. Foster & Co., wholesale millinery, Detroit, Mich, and Henry Sheldon & Co., bankers, Sherman N Y.

4. June 5, 1884 The Worthington Advance Worthington, MN
Article from The Worthington Advance, June 5, 1884

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Article Text

The Failures of a Week. Bradstreets furnishes the following: There were 148 failures and suspensions in the United States during the last week in May, against 183 in the preceding week and 140, 104, and 66 in the corresponding week of 1883, '82, and 'S1 respectively. About S0 per cent. were those of small traders whose capital was less than $5,000. Among the important suspensions were: Reid & Smith, cotton commission, and Thomas J. Crumbie, lumber, New York city; the Pennsylvania bank, Pittsburg, Pa.; Glendower Iron company, Danville, Pa.; Hot Springs, Ark,, National bank; Strong's bank, Green Bay, Wis.; Crawford County bank, Dennison, Iowa; Farmers' and Mechanics' National bank, Uhrichsville, Ohio; G. T. Foster & Co., wholesale millinery, Detroit, Mich., and Henry Sheldon & Co.. bankers, Sherman N Y.

5. June 6, 1884 Little Falls Transcript Little Falls, MN
Article from Little Falls Transcript, June 6, 1884

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Article Text

The Failures of a Week. Bradstreets furnishes the following: There were 148 failures and suspensions in the United States during the last week in May, against 183 in the preceding week and 140, 104, and 66 in the corresponding week of 1883, '82, and '81 respectively. About 80 per cent. were those of small traders whose capital was less than $5,000. Among the important suspensions wore: Reid & Smith, cotton commission, and Thomas J. Crumbie, lumber, New York city; the Pennsylvania bank, Pittsburg, Pa.; Glendower Iron company, Danville, Pa.; Hot Springs, Ark,, National bank; Strong's bank, Green Bav, Wis.; Crawford County bank, Dennison, Iowa; Farmers' and Mechanics' National bank, Uhrichsville, Ohio; G. T. Foster & Co., wholesale millinery, Detroit, Mich., and Henry Sheldon & Co.. bankers, Sherman N Y.

6. June 7, 1884 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, June 7, 1884

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Article Text

The Failures of a Week. Bradstreets furnishes the following: There were 148 failures and suspensions in the United States during the last week in May, against 183 in the preceding week and 140, 104, and 66 in the corresponding week of 1883, '82, and 'S1 respectively. About S0 per cent. were those of small traders whose capital was less than $5,000. Among the important suspensions were: Reid & Smith, cotton commission, and Thomas J. Crumbie, lumber, New York city; the Pennsylvania bank, Pittsburg, Pa.; Glendower Iron company, Danville, Pa. ; Hot Springs, Ark,, National bank; Strong's bank, Green Bay, Wis.; Crawford County bank, Demnison, Iowa; Farmers' and Mechanics' National bank, Uhrichsville, Ohio; G. T. Foster & Co., wholesale millinery, Detroit, Mich., and Henry Sheldon & Co.. bankers, Shorman N Y.