170. Freedman's Savings & Trust Company (mobile Branch) (Mobile, AL)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
federal
Start Date
January 13, 1869
Location
Mobile, Alabama (30.694, -88.043)

Metadata

Model
gpt-5-mini
Short Digest
8e21b3d1978323d3

Response Measures

None

Description

Multiple contemporaneous newspaper clippings (Jan–Feb 1869) report a run following a circus visit and state that the 'National Freedmen's Bank' at Mobile has suspended. Articles do not report any subsequent reopening or final disposition, so outcome is uncertain. OCR variants use National Freedmen's Bank; this corresponds to Freedman's Savings (Freedman's Savings & Trust Company), a federal/national institution for freedmen.

Events (2)

1. January 13, 1869 Run
Cause
Rumor Or Misinformation
Cause Details
A circus visit apparently alarmed depositors and triggered a sudden run; contemporary reports attribute the withdrawals to panic caused by the circus visit.
Newspaper Excerpt
A circus visited that city, and the depositors at once began a run on the bank, according to the Mobile Register.
Source
newspapers
2. January 13, 1869 Suspension
Cause
Rumor Or Misinformation
Cause Details
Newspapers state the bank suspended after depositors began a run (triggered by panic around a circus visit).
Newspaper Excerpt
The National Freedmen's Bank, at Mobile, has suspended.
Source
newspapers

Newspaper Articles (4)

Article from The Daily Phoenix, January 13, 1869

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Article Text

The "National Freedmen's Bank," at Mobile, has suspended. A circus visited that city, and the depositors at once began a "run" on the bank, according to the Mobile Register. A Boston paper remarks: "Many people are moving from New England to the South, to avoid the insecurity of life and property in this section." The Governor has appointed Charles J. Stolbrand Superintendent of the State Penitentiary in pluce of Maj. Lee. A Savannah jeweler, named Gros Claude, shot himself, accidentally, on Saturday, and died instantly.


Article from Wyoming Democrat, January 20, 1869

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Article Text

CURRENT NEWS. Smoking has been prohibited in the negro churches in Louisville. VIRGINIA has had thirty-three hundred cases under the banrupt lawthus far. To dispel darkness from aboutyou make light of your tribbles. ONE of the jury which tried Aaron Burr for treason is still living at Chillicothe, Ooio The cultivation of olive trees shecoming extensive in California. In honor of the birth of the first born 'catnip wedding "have been invented. A METHOD extracting the indigo from second-hand postage stamps has been patented in England. OILS The report of our general land office is to be printed in several languages and distribated in Europe to induce emigration. Some 192,640 Englishmen get fighting drunk every year, according to the court records. It is estimated that not one-eight of the people of the United States attend public worship on Sunday. It cost 840,000 last year for "pasting and folding" in the Pennsylvania State Legisle, ture, John C. Breckinridge intends to return to Kentucky, and seek a livelihood by practising his professions, the law. Gen. Sheridan 's'commissary feeds his In dian prisoners on roast horse and dog fricasee. Minnesota thinksit would be a "big thing that it can raise fourhundred bushels of potatoes to thesere, if it did not also raise bugs enough to eat them. The person sent East with the electoral vote of California was quite well when he borded the steamship, at San Francisco, but died of small-box before reaching Panama Divorce has gone out of style in Chicago But they still have plenty of "family dismemberment," "domestic segregation," and "eonnubial subtraction. Bets are already being made about the length of General Grant,s inaugural message. It is said that it will be the shortest ever delivered A Florida correspondent says they have great trouble in trying cases before the mixed white and black juries in that State because "the jurymen will go to sleep." at The "National Freedman's Bank." Mobile, has suspended. A circus visited that city, and the depositors at once began of run" on the bank, accordidg to the Mobile Register. A Respectable old grocer died last month and left £15,00 to Charles Dickens, on condition that he will read his "Trial from Pickwick" in the presence of the grocer's family once a year till he dies. An Irishman (of course) who had blistered his fingers by endevoring to draw on a pair of new boots, exclaimed; By St. Patrick! I believe I shall never get them on until I wear them a day or two.' "Jemmie, "said an Irishman to another the first time he saw a locomotive, "What is that snorting baste?" "Sure, I don't know was the reply, "unless it is a steamboat splurging along to get to wather." Rumors are current in Mexico of an impending revolution. The people are disgusted with the administration of Juarez. They are also incensed against the United States, and clamor for another war. Henry Kurtz, Esq., of Mt. Joy, who has been noted for his fine cattle, has just received another addition to hisalready large stock, in the shape of an OX which weighs in the neighborhood of 4,000 pounds. A Large onion, planted so near a rosebush as to touch the roots, will greatly increase the odor of the flowers, and the water disfilled from such rosesis far superior in flavor to other rose-water. So says a Massachusett, contemporary A Man killing hogs, became vexed, and venteting his spleen, wished they were in *Oh,dear me, what can he mean?" exclaimed a little girl, who overheard him "Mean! I suppose the awful wretch wants his/provisions sent on before him." An aged lady in Found du Lac, Wisconsin, possesses a watch belonging to Major Andre, with the name and 1774 engraved on the back. The Fond du Lac Commonwealth says she is anxious to dispose of it. Here is a chance for some historical society to add to its treasures. 10 Wild Rabbits have pecome so plentiful in Australia as to threaten to starve out sheep on the remote farms. The animal was only introduced two years ago by the Acclimatization Society, and now the settlers are offering rewards for their extermination One farmer estimates that it will cost him 850,000 before he can succeed in thinning out the vermin, as the rabbits are considered has this add en


Article from The Fairfield Herald, January 20, 1869

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Article Text

A BRAY FROM As(s) WALLACE-COLONEL SIMPSON'S SEAT CONTESTED-A. - S. Wallace, of York, defeated candidate for the Fourth Congessional District, has furnished Col. Simpson, who holds a certificaté and commission, with a notice and grounds of "contest." The document is most formidable in volume, and charges a fearful array of enormities upon the good Democrats of the Fourth District. We hope soon to be able to give choice extracts, but not the entire bill of particulars.-Lauren. ville Herald. A darkey in Natchez was boasting to It grocer of the cheapness of ten pounds of sugar be had bought of a rival grocer. Let me weigh the package." said the grocer. The darkey assented and it was found two pounds short. The colored gentleman looked perplexed for a moment, and then said, "Guess he didn't cheat dis chile much, for while he was gittin' do sugar I stole two pair of shoes." A Virginia negro, according to an exchange, on hearing that Congress was going to give lands 10 the darkies, said Lind ! de debbit free now. to and want no land, 'se gwine git wurms and go it fisling. The National Freedmen's Bank," at Mo. bile, has suspended. Dan Castello's circus visited that city R few days ago, and the depositors nt once begnt a "run" on the bank. according to the Register.


Article from Owyhee Semi-Weekly Tidal Wave, February 16, 1869

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Article Text

The National Freedmen's Bank at Mobile has suspended. A circus visited that city, and the depositers at once began a "run " on the bank, according to the Mobile Register.