Second National Bank - Zanesville, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 131
Charter Number: 131
Start Date: May 3, 1888
Location: Zanesville, Ohio (39.940, -82.013)

Metadata

Model: gpt-5-mini
Short Digest: 877a31c7

Response Measures

None

Description

Article (dated May 3, 1888) reports the Second National 'closed, as the officers assert, to prevent a run' after the assignment of M. C. Allison (a large stockholder/director). No mention of permanent failure or receivership; likely a precautionary/temporary suspension to head off panic, so classified as suspension with likely reopening.

Events (3)

1. November 23, 1863 Chartered

Source: historical_nic

2. November 16, 1872 Voluntary Liquidation

Source: historical_nic

3. May 3, 1888 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Assignment/bankruptcy of M. C. Allison, a major stockholder and director, triggered community alarm and prompted bank to close to prevent a run.
Newspaper Excerpt: The Second National bank closed, as the officers assert, to prevent a run, and say they are perfectly solvent.
Source: newspapers

Newspaper Articles (1)

1. May 4, 1888 Press and Daily Dakotaian Yankton, SD

Article from Press and Daily Dakotaian, May 4, 1888

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Article Text

ZANESVILLE'S TROUBLES. ASSIGNMENT OF ALLISON, OF THE COTTON MILLS. The Community in a Feverish State Over the Closing of the Second National and Threatened Suspension of the Other Banking Institutions. XENIA, O., May 3.-M. C. Allison, owner of the Hoover & Allison Twine factory here, and cotton mills at Zanesville, assigned to Hon. John Little last night. The Second National bank closed, as the officers assert, to prevent a run, and say they are perfectly solvent. The community is in & feverish state, with the possibility of all banks closing before night. Mr. Allison lies at the point of death, his illness being caused by the crisis. He is chief owner of the gas works, and a large stockholder and director in the Second National.