Adams & Leonard - Dallas, TX

Bank Information

Episode Type: Run Only
Bank Type: private
Start Date: October 2, 1873
Location: Dallas, Texas (32.783, -96.807)

Metadata

Model: gpt-5-mini
Short Digest: 977bf0bf

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Capital injected

Other: Received placement of funds from Houston and Texas Central Railroad (correspondent assistance).

Description

Article dated Oct 2, 1873 (printed Oct 5) states a run occurred but has entirely ceased; the bank met all demands and continued business, so no suspension. Cause attributed to rumors that they had suspended payment.

Events (1)

1. October 2, 1873 Run

Cause: Rumor Or Misinformation
Cause Details: Unfounded rumor that the bank had suspended payment circulated, prompting withdrawals.
Measures: Met every demand, cashed certificates of deposit early, obtained funds from Houston & Texas Central Railroad/agent, continued drawing exchange on NY, St. Louis, Galveston and Houston; announced willingness to advance on cotton when communications reopen.
Newspaper Excerpt: The rumor having prevailed through the country that we had suspended payment, we deem it proper to state that the run on our banking house has entirely ceased: that we have fully met every demand made upon us
Source: newspapers

Newspaper Articles (1)

1. October 5, 1873 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, October 5, 1873

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Article Text

NEW ADVERTISEMENTS. Banking House of ADAMS LEONARD R ***** DALLAS, Texas, October 2, 1873. To our Friends and the Public: The rumor having prevailed through the country that we had suspended payment, we deem It proper to state that the run on our banking house has entirely ceased: that we have fully met every demand made upon us, and even eashed our certificates of deposit three months before due. To those of our friends who have so cheers fully stood by 118 and rendered ussubstantial assistance when our supplies were stopped by quarantiue, we take occasion to tender our grateful thanks, Particularly are we under obligations to the Houston and Texas Central Railroad and its Agent at thisplace, Mr. T. B. Easton. for finallities afforded us In placing funds during the pressure. Our business will continuo ns usual. We can now draw without difficulty, exchange on New York, St. Louts, Galveston and Houston. Being destrons to aid, as far as possible, the commercial interests of our city and county, we further announce that us soon as communication is reopened withGalveston, we will advance money on all cotton consigned to our friends in that city, Respectfully, etc., ADAMS & LEONARD 102d36