German National Bank (Louisville, KY)

Episode Information

Episode UID
206201101
Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
national
Bank ID
20620 national
Charter Number
2062
Start Date
September 6, 1891
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1e1d300c96cbbc77

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-01-22
Date receivership terminated
1905-06-05
OCC cause of failure
Fraud
Share of assets assessed as good
37.0%
Share of assets assessed as doubtful
48.4%
Share of assets assessed as worthless
14.6%

Description

Sources state the bank closed its doors after a heavy run but give no follow-up on receivership or reopening.

Events (4)

1. November 5, 1872 Chartered
Source
historical_nic
2. September 6, 1891 Run
Cause
Rumor Or Misinformation
Cause Details
Baseless rumors and depositor distrust prompted heavy withdrawals in Louisville banks, including the German National.
Newspaper Excerpt
It is reported here that the German National Bank of Louisville, has just closed its doors after a heavy run.
Source
newspapers
3. September 6, 1891 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed its doors following the heavy run attributed to baseless rumors and depositor nervousness.
Newspaper Excerpt
It is reported here that the German National Bank of Louisville, has just closed its doors after a heavy run.
Source
newspapers
4. January 22, 1897 Receivership
Source
historical_nic

Newspaper Articles (4)

Article from Tombstone Epitaph, September 6, 1891

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Article Text

town of Coronel, on the coast about twenty-five miles south of Concepcion. All sorts of excesses have been committed by them. Houses and stores have been sacked and burned. The slightest protest against their actions is met by rifle shots. Women have been abused and subjected to brutalities of the most revolting character. Mob rule in its worst form prevails. BITTTER AGAINST U. S. VALPARAISO-There is no disguising the fact that there is a very bitter feeling against the Americans on the part of the successful revolutionists. This feeling is so strong that unless it is placated in some way, it may seriously affect American commercial interests in Chili for some time, Much pity is felt for the families of the Balmacedist officials who have fled the country, many of them having been left behind friendless and penniless. There will be no fight at Coquimbo. The transport Cocopaco has taken on board a division of troopsand was under orders to sail for Coquimbo today when a formal tender of submission was received from Colonel Calvarro commanding the troops there. BALMACEDA KILLED. NEW YORK-A morning paper prints this: A report has reached here from Santiago that Balmaceda, ex-dictator of Chili, had been killed in the mountains while trying to effect his escape. DECLINES. ST. LOUIS-A dispatch from Austin says ex-United States Senator Reagan has been offered the vacant place on the interstate commerce commission. It is understood here, and is 80 stated by his friends, that Judge Reagan will not accept the office, but will remain in his present position at the head of the Texas railway commission. A BANK CLOSES. INDIANAPOLIS-A special to the News from Jeffersonville, Indiana says It is reported here that the German National Bank of Louisville, has just closed its doors after a heavy run. HOTELS FAIL. NEW YORK -A special from Atlanta City, New Jersey, says: The failure is announced of three of the largest hotels here, the United States, Congress Hall and Cambridge. Very few particulars can as yet be obtained, but the backward season is supposed to be the cause. FOR CO. G. CHICAGO-A plan is on foot by which it is expected to bring 100,000 militia men from the various states to this city during the Worlds Fair. The enterprise is to be backed to the extent of $350,000. THEY WANT FREE TRADE. CHICAGO-L. S. Thurston, ex- minister of the interior in the cabinet of King Kalakua, who isstopping in this city, Mays that the twenty million American capital invested in the sugar business of Hawaii on the strength of the existing treaty with the United States has been without a moment's warning, rendered almost worthless by the McKinley bill. PENNSYLVANIA DEMOCRATS. HARRISBURG-The situation with respect to the democratic convention remains unchanged today. The ticket is Robert E. Wright of Allenton for auditor-general and A. L. Tilden, of Erie for state treasurer. No other names are seriously considered and it will not be surprising if the ticket should be chosen by acclamation to1 morrow.


Article from Tombstone Epitaph, September 6, 1891

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Article Text

have country, many of them having been left behind friendless and penniless. There will be no fight at Coquimbo. The transport Cocopaco has taken on board a division of tioopsand was under orders to sail for Coquimbo today when a formal tender of submission was received from Colonel Calvarro commanding the troops there. BALMACEDA KILLED. NEW YORK-A morning paper prints this: A report has reached here from Santiago that Balmaceda, ex dictator of Chili, had been killed in the mountains while trying to effect his escape. DECLINES. ST. LOUIS-A dispatch from Austin says ex-United States Senator Reagan has been offered the vacant place on the interstate commerce commission. It is understood here, and is 80 stated by his friends, that Judge Reagan will not accept the office, but will remain in his present position at the head of the Texas railway commission. BANK CLOSES. INDIANAPOLIS-A special to the News from Jeffersonville, Indiana says It is reported here that the German National Baak of Louisville, has just closed its doors after a heavy run. HOTELS FAIL. NEW York -A special from Atlanta City, New Jersey, says: The failure is announced of three of the largest hotels here, the United States, Congress Hall and Cambridge. Very few particulars can as yet be obtained, but the backward season is supposed to be the cause. FOR CO. G. CHICAGO-A plan is on foot by which it is expected to bring 100,000 militia men from the various states to this city during the Worlds Fair. The enterprise is to be backed to the extent of $350,000. THEY WANT FREE TRADE. CHICAGO-L. S. Thurston, ex- minister of the interior in the cabinet of King Kalakua, who isstopping in this city, says that the twenty million American capital invested in the sugar business of Hawaii on the strength of the existing treaty with the United States has been without a moment's warning, rendered almost worthless by the McKinley bill. PENNSYLVANIA DEMOCRATS. HARRISBURG-The situation with respect to the democratic convention remains unchanged today. The ticket is Robert E. Wright of Allenton for auditor-general and A. L. Tilden, of Erie for state treasurer. No other names are seriously considered and it will not be surprising if the ticket should be chosen by acclamation tomorrow. The platforms of 1884 and 1888 will be reaffirmed in their declaration for tariff reform. On the silver question the platform will probably declare for a sound and stable currency of a gold and silver basis, both standards to be equal. The contract for supplying the Ins


Article from The Mt. Sterling Advocate, September 8, 1891

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Article Text

The Louisville banks seem to be peculiarly unfortunate in exciting distrust in the minds of their depositors. The banks are probably perfectly und, but the depositors of several more or less uneasy. Wednesday tuessed a run on the German Naional and the German Security banks in the city, and every few days some baseless rumor will make a number of the small depositors call for their money.


Article from Democratic Northwest, September 7, 1893

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Article Text

# CONDENSED NEWS. A Collection of Interesting Items on Various Subjects, Especially Prepared for the Hasty Readers. Knights of Labor are raising funds to work for the release of Hugh Dempsey now serving a sentence for complicity in the Homestead poisoning conspiracy. Serious trouble is feared in the Kansas coal fields. Armed strikers are encamped near the Atchison, Topeka and Santa Fe mines, near Frontenac, and declare they will not let nonunion men work. At Chicago 25 labor leaders and 25 business men have organized into a relief committee. This joint committee will work together in trying to find work and bread for the unemployed residents of Chicago. Edward Rider, a rich farmer living near Baltimore, was bunkoed out of $5,000 by the old racket-two tin boxes shifted. Posters advertising for recruits for the United States army were torn down in Ottawa. According to full returns the cotton crop of Texas will fall 25 per cent below that of last year. At 2 o'clock Thursday afternoon the first spadeful of dirt was turned for the mid-winter fair in Golden Gate park, San Francisco. Mrs. Perine, Mrs. Cleveland's mother is announced to arrive in Washington about the middle of September "to take care of Mrs. Cleveland." Unless the employes of the St. Paul railroad change their mind there will be no strike. They claim that there is cause but not the slightest chance of success, there being so many unemployed. The national banks at Louisville are getting ready to resume business. Nellie Leavell walked from Marion, Ind., to get into the Indianapolis reformatory because she was mistreated at home. Northwestern Indiana and eastern Illinois are in great danger from prairie fires. There has been no rain in 10 weeks and already fires are blazing in the vicinity of South Bend, Ind. There will probably be great loss before the fires are gotten under control. The salmon run this year in the Fraser river, in British Columbia, is larger than ever before. Some of the small tributaries are so choked with fish that the boats are unable to cross. The run averages 900 to the boat. Many boats were swamped and one fisherman was drowned. One of the richest lead strikes ever made in the Galena region, was made a day or or two ago in an abandoned shaft. Frank T. Howard, brother of Miss Annie Howard, has announced that the marriage of Miss Howard to Mayor Carter H. Harrison of Chicago will take place in the latter part of September at the summer home of the Howards at Biloxi, the watering place of the gulf coast in southern part of Mississippi.