R. R. Robinson & Co. - Wilmington, DE

Bank Information

Episode Type: Run Only
Bank Type: private
Start Date: September 20, 1873
Location: Wilmington, Delaware (39.746, -75.547)

Metadata

Model: gpt-5-mini
Short Digest: cc140b3a

Response Measures

Accommodated withdrawals

Description

Article (Wilmington Daily Gazette, 1873-09-20) reports a limited run by small depositors on R. R. Robinson & Co. tied to recent failures in Philadelphia and New York; bank states it is able to pay every dollar on demand. No suspension, reopening, or receivership mentioned.

Events (1)

1. September 20, 1873 Run

Cause: Macro News
Cause Details: Run triggered by panic/concern stemming from recent failures in Philadelphia and New York mentioned in the article.
Measures: Public reassurance by bank representative that the house could pay every dollar on demand; no suspension announced.
Newspaper Excerpt: he said that there had been but a run upon their house, and that by small deposit tors.
Source: newspapers

Newspaper Articles (1)

1. September 20, 1873 Wilmington Daily Gazette Wilmington, DE

Article from Wilmington Daily Gazette, September 20, 1873

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Article Text

The Financial Trauble, THE WALMINGTONBANKS AND BROKERSALL RIGHT The recent failures in Philadelphia and New York, while they will doubtless affect financial affairs in many cities, will not, we are happy to say affect the bankers and banking Institutions of this city. In conversation with a represents of the GAZETTE, this morning, Mr. Henry Robinson, of R. R. Robinson & Co., bankers stated that notwithstanding the present erisis he considered the country generally in a sound financial, condition. He said that as far as Wilmington was.comcerned, there was no cause for alarm, and that in a few days financial matters would be as smooth as ever. He said that there had been but a run upon their house, and that by small deposit tors. The stock market would doubtless bode pressed for some time, particularly railroad stocks. Hejanid, also, that while there was no earthly reason for making a run upon the banks of banker's of this city, all of them were ready and able to pay every dollar on demand.