First National Bank - Milwaukee, WI

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 64
Charter Number: 2715
Start Date: May 18, 1896
Location: Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model: gpt-5-mini
Short Digest: 3b3b804f

Response Measures

None

Other: Call by striking workers for mass withdrawal of deposits; no reported suspension or reopening.

Description

Article (May 18, 1896) reports a mass-meeting urging workers to withdraw deposits from the First National Bank as a boycott against directors connected to the street railway. There is advocacy of a run but no report that the bank suspended, closed, or actually reopened. Classified as a run-only episode (organized withdrawal call / potential run).

Events (3)

1. August 15, 1863 Chartered

Source: historical_nic

2. June 1, 1882 Chartered

Source: historical_nic

3. May 18, 1896 Run

Cause Details: Organized withdrawal urged by striking workers as a boycott because some bank directors were interested in the railway company involved in the strike.
Newspaper Excerpt: A mass-meeting at night called on all workingmen to withdraw deposits from the First National bank
Source: newspapers

Newspaper Articles (1)

1. May 18, 1896 The Copper Country Evening News Calumet, MI

Article from The Copper Country Evening News, May 18, 1896

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Article Text

FOR A COMPETITIVE LINE. Popular Subscription Started in Milwaukee-Motorman Fined. MILWAUKEE. May 18.-A popular subscription for the building of a new street railroad to compete with the Milwaukee Electric Railway and Light company was started by The Herold, which heads the subscription with a donation of $5,000. It is proposed to turn the road over to the city as soon as completed and for the city to pay the subscribers as soon as received. Daniel Bugey, a motorman on the street railway, was fined Friday for assaulting a striker. In the trial it developed that Bugey was a resident of Chicago, but was sworn in as a deputy sheriff two days after he had been here. President Baumgartner of the common council is trying to organize a committee to settle the street railway strike. The boycott of the cars was even more stringent Friday. A mass-meeting at night called on all workingmen to withdraw deposits from the First National bank, in which some of the directors of the railway company are interested. The strikers have adopted the policy of having the men arrested for every infraction of the ordinances in the running of the cars.