17915. Farmers & Traders Bank (Gallatin, TN)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
August 15, 1893
Location
Gallatin, Tennessee (36.388, -86.447)

Metadata

Model
gpt-5-mini
Short Digest
5b9667c0851272a5

Response Measures

None

Description

Two contemporaneous newspaper reports (Aug 16, 1893) describe a 'slight run' on the Farmers & Traders Bank in Gallatin and that the directors posted a notice that only 10 percent would be paid 'for the present.' That indicates a partial suspension of payments following a depositor run. There is no information in the supplied articles about a later reopening or permanent closure, so the outcome is unsure. I corrected the event date to 1893-08-15 (the articles dated Aug 16 say the run occurred 'yesterday').

Events (2)
1. August 15, 1893 Run
Cause Details
Undisclosed depositor nervousness; articles only report a 'slight run' without a stated trigger.
Measures
Directors posted notice that only 10 percent would be paid on deposits 'for the present.'
Newspaper Excerpt
There was a slight run by depositors yesterday on the Farmers' and Traders' bank
Source
newspapers
2. August 15, 1893 Suspension
Cause Details
Partial suspension of payments (only 10% paid) announced by directors in response to the depositor run.
Newspaper Excerpt
the directors have posted a notice that only 10 per cent. for the present would be paid on deposit.
Source
newspapers

Newspaper Articles (2)
1. August 16, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, August 16, 1893

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Article Text

Two Little Ruus. GALLATIN, Tenn., Aug. 16.-There was a slight run by depositors yesterday on the Farmers' and Traders' bank and the directors have posted a notice that only 10 per cent. for the present would be paid on deposit. There was a slight run on the First National bank of Gallatin, less than $2,000 having been paid out.

2. August 17, 1893 The Morning News Savannah, GA
Article from The Morning News, August 17, 1893

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Article Text

RUNS ON GALLATIN BANKS. They Were the Farmers and Traders and the First National. Gallatin, Tenn., Aug, 16.-There was a slight run by depositors yesterday on the Farmers and Traders bank and the directors posted a notice that only ten per cent., for the present. would be paid on deposits. Loans and other means are over $120,000 and deposits about $80,000. LLIGHT RUN ON THE FIRST NATIONAL. There was a slight run on the First National Bank of Gallatin, less than $2,000 having been paid out.