22871. Manufacturers National Bank (Racine, WI)

View Charter #1802 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
1802
Charter Number
1802
Start Date
June 6, 1893
Location
Racine, Wisconsin (42.726, -87.783)

Metadata

Model
gpt-5-mini
Short Digest
bf46dcf1

Response Measures

None

Description

Multiple contemporary newspapers (June 6–7, 1893) report a run in progress at the Manufacturers' National Bank of Racine as part of the wider 1893 financial panic. No article reports a suspension, closure, reopening, or receivership for this specific bank.

Events (1)
1. June 6, 1893 Run
Cause
Macro News
Cause Details
Part of the wider financial panic of early June 1893 with runs reported across Chicago, Wisconsin, and other Western banks.
Newspaper Excerpt
Reports from Racine say a run is in progress on the Manufacturers' National bank.
Source
newspapers

Newspaper Articles (10)
1. June 7, 1893 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, June 7, 1893

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Article Text

STILL THEY GO. More Banks Obliged to Close Their Doors. A Big Run on Savings Banks and Institutions at Chicago. Western States Severely Shakea by This Great Financial Panic. MANITOWOC, Wis, June 6.-The State Bank of this city has closed. Capital stock, $50,000; surplus: $10,000. The Manitowoc Savings Bank is experiencing a light run. Reports from Racine say a run is in progress on the Manufacturers' and National Bank. At Madison the run on the First National Bank has increased in vigor and other banks are having increased demands.

2. June 7, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 7, 1893

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Article Text

A Wisconsin Bank Suspends. MANITOWOC, Wis., June 6.-The State Bank of this city has closed. The capital stock was $50,000 and the surplus $10,000. The Manitowoo Savings Bank is experienceing a light run. Reports from Racine say a run is in progress on the Manufacturers' National Bank. At Madison the run on the First National Bank has increased in vigor, while other banks are having increased demands.

3. June 7, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, June 7, 1893

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Article Text

WISCONSIN'SUFFERS. Many Banks in Trouble and Some of Them Closed. MANITOWOC, Wis., June 6.--The state bank of this city is closed. The capital stock is $50,000; surplus $10,000. The Manitowoc savings bank is experiencing a light run. Reports from Racine say a run is in progress on the Manufacturers' National bank. At Madison, the run on the First National bank has increased in vogor and other banks are having increased demands. The bank of Two Rivers closed the doors this morning. It is capitalized at $10,000 and its resources, according to the last statement, were $40,520. The amount due depositors is $59,314.

4. June 7, 1893 The Yellowstone Journal Miles City, MT
Article from The Yellowstone Journal, June 7, 1893

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Article Text

The Wisconsin Banks. MILWAUKEE. Wis.. June 6. The State Bank of this city has failed. It had a capital of 850,000 and a surplus of 810,000. The Manitowoc Savings Bank now is experiencing a slight run. Reports from Racine say a run is in progress on the Manufacturers National and at Madison the run on the First National has increased.

5. June 7, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 7, 1893

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Article Text

Rune on " Isconsin Banks. MASTIOWOC, Wis., June 6.-The State bank of this city. failed today. It had a capital of $50,000 and a surplus of $10,000. The Manitowor Savings bank is now experiencing a slight run. Reports from Racine say that a run is in progress on the Manufacturers' National bank. At Madison the run on the First National bank has increased, and other banks are having increased demands, (Ca/vin C. Barnes is president an t George B. Burnit cashier of the State bank, of Manitowoc. John Sebutte is president and L. Schutta cashión of the ManitowoeSaviogs bank E. yr. Erskine is president and B. R. Northrys cashiér of the Manufacturers' National bank, of Racirie N. + Van Slyke is president and W. Ramsay cashike of the First National bank, of Madison.]

6. June 7, 1893 The Herald Los Angeles, CA
Article from The Herald, June 7, 1893

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Article Text

Rons ou Wisconsin Banks. MATITOWOC, Wis., June 6.-The State bank of this city has failed. It had a capital of $50,000; surplus, $10,000. The Manitowoc Savings bank is now experiencing a slight run. Reports from Racine say a run is in progress on the Manufacturera' National bank. At Madison the run on the First National has increased. Other banks are having increased demands.

7. June 7, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 7, 1893

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Article Text

WISCONSIN BANKS, The State Bank of Manitowoc Succumbs -Runs on Others. MILWAUKEE, Wis., June 6.-The State Bank of Manitowoc has failed. It had a capital of $50,000 and a surplus of $10,000. The Manitowoc Savings bank is now experiencing a slight run. Returns from Racine say a slight run is in progress on the Manufacturers' National. At Madison the run on the First National has increased, and other banks are having increased demands.

8. June 7, 1893 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, June 7, 1893

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Article Text

slight run. Reports from Racine say that a run is in progress on the Manufacturers National bank. At Madison the run on the First National has increased. Other banks are having increased demands.

9. June 7, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 7, 1893

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Article Text

CRIPPLED BANKS. Small Country Banks in Wisconsin Suspend Payment. NEW YORK, June 6.-State Examiner Preston took charge of the affairs of the Canal Street bauk, at 206 Canal street, this morning. The bank went into voluntary liquidation yesterday because of the refusal of the Shoe and Leather bank to clear for the Canal Street bank. Two RIVERS, Wis., June 6.-The Bank of Two Rivers failed this morning. A statement from the officials as to the cause and condition of the bank cannot be had, as the cashier and principal owner, David Becker, is not in the city. MILWAUKEE, June 6.-The flurry in financial circles of last week has passed away. This morning there is not a run on a single bank in town. The Commercial, Second Ward and South Side Savings banks present their usual appearance, and confidence seems to have been completely restored. It was thought that the flurry in Chicago would have its effect here, but its influence does not seem to have been felt at all. TOLEDO, O., June 6.-A Blade special says the savings bank of Andrew Sauer, at Defiance, failed. Particulars soon as received. Liabilities, $100,000. TROY, N. Y., June 6.-The affairs of Neher & Carpenter, brokers and private bankers, who failed some time ago, are not in an encouraging condition. The liabilities are about $235,000 and the actual value of the assets $131,000. Neher & Carpenter were the Eastern agents of the North western Guaranty Loan association, of Minneapolis. MILWAUKEE, June 6.-A special from Manitowoc, Wis., says the State bank in that city has closed. Its capital stock was $50.000, and the surplus $10,000. The Manitowoc Savings bank is now experiencing a light run. Reports from Racine say a run is in progress on the Manufacturers' National bank. At Madison the run on the First National bank has increased in vigor, while other banks are having increased demands. SPOKANE, Wash., Jnne 6.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors this morning. They were crippled by the quiet run yesterday. Both show strong assets in excess of liabilities, but could not get money in time for the sudden whirl. The other banks are being subjected to a severe run, but seem to be standing the strain well.

10. June 8, 1893 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, June 8, 1893

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Article Text

DEPOSITORS LINE UP. HEAVY RUNS IN PROGRESS ON WESTERN BANKING HOUSES. Illinois Trust and Savings Bank and Other Chicago Institutions Subjected to a Severe Strain-Runs in Progress On Wisconsin and Washington Banks. CHICAGO, June 6.-Between 1200 and 1500 people formed in line to-day at the Illinois Trust and Savings bank to withdraw their deposits, although the bank remained open till 3 o'clock this morning, paying out money on demand. At other savings banks also the run which began yesterday seemed to have increased in proportion to-day. The assets of the bank are $128,114,000. The stockholders are estimated as being worth $150,000,000. L. Z. Leiter, who is one of the beavioststockholders in the bank, said last night: "I have real estate enough to pay all these claims and it is at the service of the bank. Every person who has a dollar here may have it on demand." Runs on Wisconsin Banks. MANITOWOC, Wis., June 6.--The State bank of this city has closed. Its capital stock was $50,000 and the surplus $10,000. The Manitowoc Savings bank is experiencing a light run. Reports from Racine say a run is in progress on the Manufacturers' and National bank. At Madison the run on the First National bank has increased in vigor, while other banks are having increased demands. D. fiance savings Bank Closed. TOLEDO, Ohio, June 6.-A special from Defiance, Ohio, states that the doors of the Defiance Savings bank closed by the assig1100 yesterday afternoon. The bank has a paid up capital of $27,000. The assets will reach not less than $150,000 and liabilities are stated at $100,000.