Third National Bank - Dayton, OH

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2678
Charter Number: 2678
Start Date: June 18, 1884
Location: Dayton, Ohio (39.759, -84.192)

Metadata

Model: gpt-5-mini
Short Digest: 25b1ace0

Response Measures

Accommodated withdrawals

Description

Newspaper (1884-06-18) reports a run on Dayton Savings Bank triggered by losses from a local capitalist's Fargo real estate speculations (bank paid large sums on his notes). Bank paid out over $50,000 but remained open; no suspension or closure mentioned.

Events (1)

1. June 18, 1884 Run

Cause: Bank Specific Adverse Info
Cause Details: Losses from a Dayton capitalist's (George W. Knisely) Fargo real estate speculations; bank had paid large sums on his notes.
Measures: Paid out over $50,000 to depositors but kept doors open.
Newspaper Excerpt: The Dayton Savings bank paid $56,000 on Knisely's notes... When the critical situation was known to-day there was a run on both banks. The Dayton Savings bank paid out over $50,000 to day without closing its doors.
Source: newspapers

Newspaper Articles (1)

1. June 18, 1884 Press and Daily Dakotaian Yankton, SD

Article from Press and Daily Dakotaian, June 18, 1884

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Article Text

Fargo Real Estate Did it. Dayton, Ohio, special: The extensive speculations of a Dayton capitalist in Fargo, Dakota, real estate, has had its effect. George W. Knisely, a prominent wholesale grocer, has not only wrecked himself, but has dragged other Dayton capitalists and banks into the mire with him. Joel Duerat, one of the most popular and public spirited men in the city, and one who never engages in speculation, was on Mr. Knisely's paper for $65.000. With this money Knisely speculated, and as the Fargo boom died the mouey was lost. H6 was forced to the verge of making an assignment, and only averted a crash by mortgaging his property. In addition to the threatened collapse of Knisely & Duerst there are banks involved. One, the Dayton Savings bank, paid $56,000 on Knisely's notes, and the Third National bank paid $50,000. When the critical situation was known to-day there was a run on both banks. The Dayton Savings bank paid out over $50,000 to day without closing its doors. There is great excitement, and another run on the banks 18 expected to-morrow.