17426. John G. Stewart (bank) (Coshocton, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
private
Start Date
January 31, 1885
Location
Coshocton, Ohio (40.272, -81.860)

Metadata

Model
gpt-5-mini
Short Digest
50af9b39

Response Measures

Full suspension

Description

Multiple contemporary newspapers (dated Feb 1–2, 1885) report that illness/possible death of banker John G. Stewart triggered a run on his private banking house in Coshocton, OH. The bank made an assignment to R. M. Voorhees on Jan 31, 1885 (assignment = failure/receivership). The sequence is run -> assignment/closure. OCR errors in some articles corrected (e.g., 'benk' -> bank, 'DAY' -> pay).

Events (2)
1. January 31, 1885 Receivership
Newspaper Excerpt
John G. Stewart ... made an assignment to R. M. Voorhees to-day.
Source
newspapers
2. January 31, 1885 Run
Cause
Rumor Or Misinformation
Cause Details
Illness and possible death of the banker led depositors to withdraw funds (panic over steward's ability to continue), not evidence of embezzlement or insolvency prior to withdrawals.
Newspaper Excerpt
Mr. Stewart's illness and possible death caused a run on the bank, which it had not the currency to meet.
Source
newspapers

Newspaper Articles (6)
1. February 1, 1885 Savannah Morning News Savannah, GA
Article from Savannah Morning News, February 1, 1885

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Article Text

Collapse of an Old Bank. COSHOCTON, O., Jan. 31.-John G. Stewart, banker, whose house is the oldest in the city, made an assignment to R. M. Voorhees to-day. Mr. Stewart's illness and possible death caused a run on the bank, which it had not the currency to meet. As the bank had a long line of depositors and everything was considered absolutely safe, the failure caused great excitement. The assignee cannot make a statement of the bank's affairs yet, but thinks that it will pay depositors in full.

2. February 1, 1885 The Indianapolis Sentinel Indianapolis, IN
Article from The Indianapolis Sentinel, February 1, 1885

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Article Text

A New Bat Familiar Story. COSHOCTON, 0., Jun, 31.-John G. Stewart, banker, of the oldest house in the city, made an assignment to R. M. Voorhees to-day Mr. Stewart's illness and possible death, caused a run on the bank. which it had not the currency to meet. As the bank had a long list of depositors, and everything was considered absolately sale, the failure caused great excitement. The assignee can not make a statement of the bank's affairs yet, but thinks he will DAY the depositors in fail.

3. February 1, 1885 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, February 1, 1885

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Article Text

Bank Failure at Coshocton, O. COSHOCTON, O., Jan. 31.-John G. Stewart, a banker, whose house is the oldest in the city, has made an assignment to R. M. Voorhees. Mr. Stewart's illness and possible death caused a run on the bank, which it had not the currrency to meet. As the bank had a long list of depositors, and everything was considered absolutely safe, the failure caused great excitement. The assignee cannot make & statement of the bank's affairs yet, but thinks it will pay depositors in full.

4. February 1, 1885 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 1, 1885

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Article Text

Failure of an Old Bank. COSHOCTON, o., Jan. 31.-John G. Stewart, a banker, the oldest house in the city, made an assignment to R. M. Voorhees t day. Mr. Stewart's illness and possible death caused a run on the bank which had not the currency to meet it. As the bank had a long list of depositors and everything was considered absolutely safe, the failure caused great excitement. The assignee can not make a statement of the bank's affairs yet, but thinks it will pay the depositors in full.

5. February 2, 1885 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, February 2, 1885

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Article Text

Run on a Bauk. COSHOCTON, O., Jan. 31.-John G. Stewart, a banker, the oldest house in the city, made an assignment to R. M. Voorhees to-day. Mr. Stewart's illness and possible death caused a run on the benk, which it had not the currency to meet, as nearly all the funds were deposits and ever ything was considered absolutely safe. The failurecauses great excitement. The assignee cannot make n statement of the bank's affairs yet, but thinks it will pay the depositors in full.

6. February 2, 1885 The Indianapolis Sentinel Indianapolis, IN
Article from The Indianapolis Sentinel, February 2, 1885

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Article Text

A New But Familiar Story. COSHOCTON, 0., Jan, 31.-John G. Stewart, banker, of the oldest house in the city, made an assignment to R. M. Voorhees to-day. Mr. Stewart's illness and possible death, caused a run on the bank, which it had not the currency to meet. As the bank had a long list of depositors, and everything was considered absolutely safe, the failure caused great excitement. The assignee can not make & statement of the bank's affairs yet, but thinks he will pay the depositors in full.