18663. Second National Bank (Erie, PA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
606
Charter Number
606
Start Date
January 6, 1897
Location
Erie, Pennsylvania (42.129, -80.085)

Metadata

Model
gpt-5-mini
Short Digest
c1900673

Response Measures

Accommodated withdrawals, Public signal of financial health

Receivership Details

Depositor recovery rate
56.0%
Date receivership started
1934-08-13
Share of assets assessed as good
37.3%
Share of assets assessed as doubtful
55.6%
Share of assets assessed as worthless
7.1%

Description

Multiple syndicated newspaper reports (dated Jan 6–7, 1897) describe a same-day run on the Second National Bank of Erie, PA. The bank paid every demand; there is no mention of suspension, receivership, or closure. Cause is not explained in the articles (“How the run started is a mystery”), so classified as 'other'.

Events (3)

1. December 6, 1864 Chartered
Source
historical_nic
2. January 6, 1897 Run
Cause Details
Articles state the origin of the run is unknown/mystery; no specific rumor or bank-specific adverse information provided.
Measures
Paid every demand; maintained ample coin and bills in view of depositors.
Newspaper Excerpt
The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it all day yesterday. All day from 9 a. m. to 3 p. m. a steady stream of depositors called upon the paying teller, but every demand was met.
Source
newspapers
3. August 13, 1934 Receivership
Source
historical_nic

Newspaper Articles (10)

Article from The Topeka State Journal, January 6, 1897

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Article Text

BANK STOOD THE RUN. An Erie, Pa, Institution Paid Every Dollar Asked For. Erie, Pa., Jan. 6.-The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it all day yesterday. All day from 9 a. m. to 3 p. m. a steady stream of depositors called upon the paying teller, but every demand was met. It is thought that the run will be repeated today, but that the depositors will return their withdrawals now that the scare is over. How the run started is a mystery.


Article from The Providence News, January 6, 1897

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Article Text

STOOD THE RUN. Second National Bank of Erie Pays on Demand. General Belief That Depositors WIll Return Withdrawals. ERIE, Pa.,Jan. 6.-The Second National Bank, conceded to be one of the strongest financial institutions in the State withstood a run on it all day yesterday. No reluctance was manifested on the part of the bank officials to pay depositors, and great piles of coin and bills were inside the windows in plain view. Every demand was met, and it is thought that the run will not be repeated today, but that depositors will jeturn their withdrawals now after the trouble is over. How the run started is a mystery. The bank officials are unable to say what induced it.


Article from San Antonio Daily Light, January 6, 1897

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Article Text

A STRONG BANK. Erie. Pa., Jan. 6.-The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it yesterday. All day from 9 a. m. to 3 p. m., a steady stream of depositors called upon the paying teller, but every demand was met. It was thought the run will not be repeated today, but that the depositors will return their withdrawals. now that the scare is over. How the run started is a mystery.


Article from The Wichita Daily Eagle, January 7, 1897

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Article Text

bills under government proceedings. By means the means proposed, and by that of a only. would purchasers be insured knocked down under the hammer. PACIFIC RAILROAD BILLS. Washington, Jan. 6-The house ar- committee on Pacific railroads today which anged the details of the debate Powers will be given tomorrow on the divided bill. The time will be equally the the supporters and opponents of the by ill. Chairman Powers will begin will lebate. Mr. Hubbard of Missouri Mr. entrol the time for the minority. considerHarrison of Alabama, who is or the proposal of a substitute of ng unendment to place the settlement commishe question in the hands of a two sion, spoke of his plan and one or considered ther members said that they considered it a practical method, but comt o be their duty to support the already nittee bill, to which they were It is ledged. expected that a meeting of the the Republican stereing committee of enate will be hled as soon as meet- Senator Allison, its chairman, arrives The the will be called to accommodate which is ng ommittee on Pacific railroads, assign inxious to have the committee of the early day forthe consideration the in funding bill. It is probable that general committee will also consider the there ubject of order of business, as considerare several bills pressing for ion. SUMMER TOURIST RATES. Denver, Colo., Jan. 6.-In the Trans-Mis- matter f summer tourist rates. the Passenouri committee of the Western question asosciation found that the committee es not be settled until the plan culd hould be presented with a detailed opporf a ticket which shall reduce the Afunities of scalping to a minimum. to reer a full discussion It was decided comer the whole question to a special connittee of general passenger agents, Gulf: isting of B. L. Winchell, of the John K. Hooper of the Rio Grande: Geo. : lebastian of the Rock Island, and This '. Nicholson of the Santa Fe. ommittee will submit recommendations it the next meeting. INJUNCTION DISMISSED. Toledo, O., Jan. 6.-The injunction re- esthe Vanderbilt dines from Clover training abiishing a boycott aganst the today eaf system was dismissed here Clover the United States court. The motion. e eaf officials did not oppose the BOSTON IS HELPLESS. Boston, Mass., Jan. 6.-The meeting citizens ommittee appointed at a mass of the ten days ago to act in behalf raileld mployes of the West End street particiwho were discharged for vay, ating in the recent strike, met mani- yesterafternoon and issued a long the lay esto to the public, acknowledging ailure of their efforts and adding: "The victory which the decisive. corporation as gained over the employes is Boston is uch a condition of things in tolerable Is there no remedy?" if The committee recommends that em- no nuricipal power exists to aid the that apin securing their right, the loyes lication should be made for it to gislature of the commonwealth. LAKE LINES' MEETING. New York, Jan. 6.-Another meeting em- of Lake Lines association, which lines he races nearly all the steamboat west at ply between Lake Erie and the the lakes, was in session today at rn Ioland house. Commissioner McCain. said ho is chairman of the committee. efore the meeting began that the queson of rates. apportionment of business railroads an agreement with the An nd ould doubtless be further discussed. greement was reached which and co- provides r vitrually a new association, will peration with joint traffic lines. It of the e submitted for the endorsement raffic managers tomorrow. BANK SENSATION COMING. Chicago, Ills., Jan. 6.-New and startng complications are forthcoming Illi- as e result of the National Bank of Jabis failure by which Colonel J. W. bs, who conceived the Calumet rail- of ay, and was forced out of control -IIII claims usnd 01 unable 81 868T up e officers of the National Bank of bis because all papers and books relatg to his connection with the Calumet lectric railway have been stolen. According to Colonel Jacobs, the crime as committed by one of his confidential erks, against whom a charge is now ending in the United States court. laim is made that the theft of the pa- of rs in his possession was the sequel conspiracy which promises sensational evelopments. In addition to the signifi- Naince atached to the failure of the of onal bank of Illinois, the publication from duplicate foreign exchange credit defunct bank to Colonel Jacobs pla- suit g e an entirely new phase upon the the 3 hich is now pending in regard to Chicago de of the Englewood and + reet Railway company The is ex- printing two fac-similies of the credit ected to lead to the conviction of the q alprit who is charged with the theft. 0 The significance attached to the miss- Naq papers and books, SO far as the is 3 g onal Bank of Illinois is concerned. claim B at they support Colonel Jacobs' the id embrace bis judgment against ow. d ational Bank of Illinois as former II er of the Calumet Electric road. & PENNSYLVANIA BANK RUN. 1 Erie, Pa., Jan 6.-The Second National S conceded to be one of the strongI t ank. financial institutions in the state, ithstood a run on it all day yesterday. stea-


Article from The Wichita Daily Eagle, January 7, 1897

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Article Text

Erie, Pa., Jan. 6.-The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it all day yesterday. All day, from 9 a/m. to 3 p. m., a steady stream of depositors called upon the paying teller. but every demand was met. It was thought that the run would not be repeated today, but that the depositors would return their withdrawals now that the scare is over. How the run started is a mystery.


Article from Kansas City Daily Journal, January 7, 1897

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Article Text

Run on an Erie, Pa., Bank. Erie, Pa., Jan. 6.-The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it all day yesterday. All day, from 9 a. m. to 3 p. m., a steady stream of depositors called upon the paying teller, but every demand was met. The run was not continued to-day. How the run started is a mystery.


Article from The Indianapolis Journal, January 7, 1897

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Article Text

Withstood a Steady Run. ERIE, Pa., Jan. 6.-The Second National Bank, conceded to be one of the strongest financial institutions of the State, withstood a run on it all day yesterday. From 9 a. m. to 3 p. m. a steady stream of depositors called upon the paying teller, but every demand was met. How the run started is a mystery.


Article from The Houston Daily Post, January 7, 1897

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Stood n Run. Erie, Pa., January 6.-The Second National bank. conceded to be one of the strongest financial institutions in the State, withstood a run on it yesterday. All day. from 9 a. m. to 3 p. m. a steady stream of depositors called upon the paying teller, but every demand was met. It was thought the run will not be repeated tomorrow, but that depositors will return their withdrawals now that the scare is over. How the run started is a mystery.


Article from The Bryan Daily Eagle, January 7, 1897

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Article Text

A RUN ON A BANK, The Second National of Eric Withstood the Storm Well. ERIE, Pa., Jan. 6.-The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it yesterday. All day, from 9 o'clock a. m. till 3p. m., a steady stream of depositors called on the paying teller and every demand was met. It is thought the run will not be repeated. But that depositors will return their withdrawals, now that the scare is over. How the run started is a mystery.


Article from Omaha Daily Bee, January 7, 1897

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Starts a Run on a Bank. ERIE, Pa., Jan. 6.-The Second National bank, conceded to be one of the strongest financial institutions in the state, withstood a run on it all day yesterday. All day from 9 a. m. to 3 p. m. a steady stream of depositors called upon the paying teller, but every demand was met. It is thought that the run will not be repeated today, but that depositors will return their withdrawals now that the scare is over. How the run started is a mystery.