State National Bank - Springfield, IL

Episode Information

Episode UID: 173300937
Episode Type: Run Only
Bank Type: national
Bank ID: 17330 national
Charter Number: 1733
Start Date: January 3, 1878
Location: Springfield, Illinois (39.802, -89.644)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 9e3770af9e4f2016

Response Measures

No run

Description

The article clarifies that a previous report of a run on this specific bank was an error, but then notes the run has 'completely ceased,' implying some level of withdrawal activity occurred.

Events (3)

1. November 11, 1870 Chartered

Source: historical_nic

2. January 3, 1878 Run

Cause: Local Banks
Cause Details: Failure of the Bunn bank in Springfield caused excitement and runs on other local banks.
Random Run: Yes
Random Run Snippet: error in dispatch reported run on State National; later corrected
Newspaper Excerpt: the run on the other banks has completely ceased. It was not intended that last night's dispatch should say there was a run on the State National, but the error is of no consequence.
Source: newspapers

3. June 30, 1917 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. January 5, 1878 The Cairo Bulletin Cairo, IL

Article from The Cairo Bulletin, January 5, 1878

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Article Text

A SPRINGFIELD special, dated January 3, says of the Bunn failure: "There is no further excitement over the Bunn failure and the run on the other banks has completely ceased. It was not intended that last night's dispatch should say there was a run on the State National, but the error is of no consequence. Mr. Brown, Bunn's assignee, estimates the liabilities at $912,000, the personal property at $400,000 and the real estate at $400,000. This last item cost over $1,000,000 and it is thought by some that $400,000 is too low an estimate, even considering the shrinkage; but Brown is a very cautious man. A full statement will be prepared in a few days." Mr. Bunn and his wife have deeded all their property, both real and personal to Mr. Brown, the assignee, to be sold for the benefit of their conditions.