Exchange National Bank (Atchison, KS)

Episode Information

Episode Type
Run Only
Start Date
September 13, 1906
Location
Atchison, Kansas (39.563, -95.122)
Bank Type
national
Charter Number
2758

Metadata

Response Measures

Accommodated withdrawals, Public signal of financial health

Events (2)

1. July 12, 1882 Chartered
Source
historical_nic
2. September 13, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
Street rumor reportedly started by a drunken man falsely claiming the bank had failed.
Random Run
Yes
Random Run Snippet
street rumor by drunken man falsely claimed bank had failed; corrected
Measures
Bank kept its doors open late and paid out about $50,000; solicited outside aid though none was needed.
Newspaper Excerpt
A street rumor said to have been started by a drunken man caused a run on the Exchange National Bank in which $50,000 was withdrawn.
Source
newspapers

Newspaper Articles (10)

Article from The Daily Appeal, September 13, 1906

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MAKE RUN ON BANK ATCHISON

Kan., Sept. 13.-A street mimor. said to have been start. ed by a drunken man. caused a run on the Exchange National Bank vesterday, in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock tonight, at which time the excitement had subsided. The bank is considered very strong.


Article from The Topeka State Journal, September 13, 1906

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A RUN ON A BANK About $50,000 Drawn From the Atchison Exchange National. The Rumor of Weakness Started by a Drunken Man. INSTITUTION IS SOUND. Mostly Women That Took Advantage of the "Scare." Deposits Were Made by Many During the Day. Atchison, Kan., Sept. 13.-The Globe says: A small run on the Exchange National bank was in effect at closing time Wednesday afternoon. Somehow a rumor started that there was a bank failure. The story came from the Central Branch shops, originally, and was over town. Theo. Intfen was a telephoned says the story started by drunken man. In attempting to say something smart, the drunken man said: "The bank has failed." One woman who telephoned this office said she heard it was the First National. The last statement of the Exchange National was the best it ever made, showing a reserve of 48 per cent, although the 25 cent. The the same law bank requires has been only in per family for two generations and is as sound an institution as there is in the country; was before. of !sounder As an evidence now than good it ever faith, the bank did not close at 3 p. m., as usual. The business men made their deposits as usual, and many of them offered the bank assistance which it did not need. Those withdrawing deposits are mainly women. The capital of the bank is $100,000, surplus and undivided profits, $97,535; deposits, $1,250,000; total resources, $1,478,000. One man withdrew so much money, that he admitted it would cost him $100 in interest, which he sacrificed. While people were withdrawing at one window many large deposits were being made at the other. Some women were considerably excited, but others quietly withdrew their money and went home. The men looked upon the run as was. a joke, which it undoubtedly It is stated in the afternoon that the bank would be open until midnight, if necessary, to pay off all the depositors. At 3:30 o'clock, however, there were fewer persons in the bank, and the end of the run seemed to be in sight.


Article from The Salt Lake Herald, September 13, 1906

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DRUNKEN MAN IS BLAMED

Atchison, Kan., Sept. 12.-A street rumor said to have been started by a drunken man caused a run on the Exchange National bank today in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock tonight. at which time the excitement had subsided. The bank is considered very strong.


Article from The Topeka State Journal, September 14, 1906

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ATCHISON BANK SAFE

The Run Lasted Only the One Day, Then Depositors Returned, Atchison, Kan., Sept. 14.-Wednesday's run on the Exchange National was not continued yesterday. The bank was kept open until 10 o'clock the first night, at which time there were no depositors in sight, and reopened at 7 o'clock in the morning. Many who withdrew deposits took them back. Banks all over this section offered the Exchange National help. The National Bank of Cômmerce, Kansas City, offered to pay its depositors in full, but with a reserve of 48 per cent it was able to take care of the run itself, Outside aid to the amount of several millions was tendered, but none was needed.


Article from East Oregonian : E.O, September 15, 1906

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GENERAL NEWS.

Henry K. Wampole, a wealthy Philadelphia manufacturer, suicided by jumping into East river, New York.

This season but four carloads of cascara bark was gathered in Washington and two carloads in Oregon. The shrub is approaching extinction at least as a wild product.

Dr. Heg, of Seattle, a member of the state board of health, is of the opinion that Spokane will soon have to resort to some method to procure pure water or suffer from an epidemie of typhoid.

The Oregon state Methodist conference will convene at Portland on September 26, in the Sunnyside church. Bishop Warren will preside. The appointments will be read the morning of Monday, October 1.

Santos Dumont's latest attempt at aerial navigation—by aeroplane—was a failure. The machine was uncontrollable and went to the ground and was ruined, at Longchamps France. Dumont was uninjured.

Swiftwater Bill Gates, erstwhile Alaskan adventurer and millionaire, has filed a bankruptcy petition at Seattle, setting forth that his sole assets are worth $300, while there are judgments against him amounting to $200,000.

Nearly all the South American countries will be represented at the next session of The Hague International Peace congress during May and June next, thus raising the number of nations having regular delegates from 30 to about 45.

Five directors of the Milwaukee Avenue State Bank, Chicago, have been indicted by the grand jury: M. A. Labury, Frank Crane, Joseph Lister, Elof Johnson, Marcus Kirkeby, President Stensland and Cashier Hereing, are already under indictment.

A street rumor, said to have been started by a drunken man, caused a run on the Exchange National bank of Atchison, Kan., in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock at night, at which time the excitement had subsided. The bank is considered very strong.


Article from The Stark County Democrat, September 18, 1906

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Rumor Starts Bank Run

Atchison, Kas., Sept. 14.-The run started on the Exchange National bank, through a street rumor, ended at noon. The bank remained open until 10 o'clock at night, paying out $50,000, which prompt payment seemingly assured depositors of the bank's soundness and many re-deposited.


Article from The Breckenridge News, September 19, 1906

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Caused a Run

Atchison, Kan., Sept. 14.—A street rumor, said to have been started by a drunken man, caused a run on the Exchange National bank, in which $50,000 was withdrawn.


Article from The Lehi Banner, September 20, 1906

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Four masked men accempted to nold up passenger train No. 311 on the Rock Island, near Peoria, Ills., and but for the presence of mind of Conductor Murray, who disarmed one of the men after being struck on the head, the passengers would have been robbed. Scores of families will move from Zion City, III., to a new colony to be established in Butte county, S. D., according to R. V. Iverson of Zion City, who says the Zionists, tired of constant bickerings, will establish a new colony and eventually build a city. A plea of not guilty has been entered in the probate court at Findlay. O., by John D. RockeTeller on the charge of violating the anti-trust law through the Standard Oil company. Mr. Rockofeller was not personally in court. He pleaded through an attor. ney. A street rumor said to have been started by a drunken man caused a run on the Exchange National bank at Atchison, Kan., in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock at night, at which time the excitement had subsided. John C. Hately, appointed receiver of Zion City pending litigation in the Federal courts, made his first official report to the court last week. He declares the liabilities of the city, as shown by the books, aggregated $6,125,018, with assets of a Nitle over 85,000,000


Article from Richmond Planet, September 22, 1906

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for the presidency and pledged him their support. Friday, September 14. The Select Castle of Pennsylvania Knights of the Mystle Chain will meet next year at York. Colonel W. H. Knauss, of Columbus, O., was elected commander-in-chief of the Union Veterans Legion. William Butler, of Philadelphia, tried to commit suicide by cutting his throat with the blade of a safety razor, but will recover. A street rumor started by a drunken man caused a run on Exchange National Bank at Atchison, Kan., and $50,000 was withdrawn. George A. Fuller, of Syracuse, N. Y., who was nominated for state treasurer of New York by the Inde, endence League, has refused to accept the nomination. Saturday, September 15. The bofler in a saw mill at Martba, Ky., exploded and killed three employes. Lightning struck a building of the New Jersey state reformatory at Ralt way and rendered four boys unconscious. Mrs. Mary A. Bigley, mother of Cas sie Chadwick, the frenzied financier, of Cleveland, O., died at Woodstock, Ontario The Wyoming Democratic state convention adopted resolutions endorsing "W. J. Bryan, the triumphant presidential candidate in 1908." Monday, September 17. Four robbers blew open the safes of two banks at Underwood, N. D., and escaped with about $10,000 cash. W.J. Bryan will address the national meeting of the Presbyterian Brother. hood at Indianapolis November 14. The resignation of several Methodis! ministers from that church and application for admittance to church in the Corry district, Ps., has aroused much discussion. Six men and one woman were stabbed in a fight among Poles and Austrians at the mining settlement at Long Run, O., and three men will die. Governor Pennypacker, of Pennsyl. vania, has notified Albert C. Leisenring, of Upper Lehigh, that he had se lected him as a delegate to represent Pensylvania at the Mining Congress at Denver in October. Tuesday, September 18. James W. Hall, night watchman of the Air Line Manufacturing company at Norfolk, Va, was murdered and robbed. The 276th anniversary of the found. ing of Boston was celebrated Monday. In juraping from a moving train at Cairo, III., P. J. Thistlewood a wealthy grain dealer, fell and broke his neck, dying instantly. A. H. Baker was murdered in his store at Barbourville, W. Va., and the place robbed. Wednesday, September 19. The National Negro Baptist Convention will meet next year in Wash ington, D. C. John Strothcamp died at Harrison, N. Y., from a knock-out blow received in a boxing bout with Philip Ryan. While sitting in the street before his home in Philadelphia, Benjamin Goldsmith, aged 3 years, was run over by a trolley car and killed. Two laborers were killed and nine injured, two fatally, by the collapse of a steel superstructure at the Wood worsted mills, Lawrence, Mass. Despondent because of ill health, Walter Brooke, a farmer, living near Newtown Square, committed suicide by shooting at the home of his brother in Philadelphia.


Article from The Idaho Recorder, September 27, 1906

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NEWS SUMM Fire destroyed the district Cal. ing Minn., open safe, $10,000 Robbers $100,000. blew and of entered Tiburon, escaped. the the bank Joseph Fitzpatrick was killed while he was attemption the Hamilton hotel at Colonel Jakovloff, chief of u fer prison at Warsaw, killed while driving in city. The Liberal, a daily new Havana, has been suspended of the government, and the ed been arrested. According to a dispatch ago, Chile, further earthquete have been experienced between ago and Maule. A cut of cars backed into at Fostoria, O., killing M. C. a prominent manufacturer producer, and his wife. By the collapse of a gara course of construction at Mine I., three workmen were killed seven seriously injured. Five political prisoners have killed and fourteen have been ed in a fight with their guards bin, following an attempt to Hotel Gomez Farias, in Chih Mexico, collapsed while for guests were housed in it, and persons were killed and several ers injured. At Kielce, Russia, 150 privat the Fifth infantry regiment suddenly ill as the result, it lieved, of having eaten poisoned One soldier died. Cicior Davis, a wealthy stock was killed by an unknown four miles east of Porum, I.T. shot from ambush while going a road near his home. Three men were killed at Rush wit Ind., by coming in contact barbed wire fence that had been dentally charged with electricity the plant of a traction company. Two violent and seemingly dis storms visited Johnson county, braska, on the 14th, resulting in death of four persons, fatal injury two and painful injury of five Five men were arrested in Chie on a charge of selling bogus bond various parts of the United State They are said to have incorpora two concerns, one with an alleged ital of $1,000,000. An attempt by prisoners at the diana reformatory to escape was trated by Joseph Edgey, a trusty, found three prisoners releasing from their cells, and single-ham fought them until the alarm raised. Officials of the Canadian Pa railway say twelve persons were and ten injured in a wreck at bury, Canada. All the killed we the colonist car, next to the en of of the west-bound train. Most were harvest hands. Five men were injured, two six horses were killed and the plant of the Illinois Brick com practically destroyed, when a derbolt crashed into two of the est buildings of the South Evan III., plant. A courtmartial at Odessa sente to hanging a Jewish girl named erman, who threw a bomb at P man Poltavchenko without inj him. Miss Shakerman admitted longing to the terrorists, and sa had been determined to kill P chenko because he took part in ish massacres. Theodore A. Bell, a former gressman from the Second dis was nominated for governor Thomas O. Toland of Ventura c was nominated for lieutenant 8 nor by the California Demo state convention. Four masked men attempted to up passenger train No. 311 on Rock Island, near Peoria, Ills., an for the presence of mind of Cond Murray, who disarmed one of the after being struck on the head passengers would have been robt Scores of families will move Zion City, Ill., to a new colony S established in Butte county, of according to R. V. Iverson City, who says the Zionists, tir constant bickerings, will estable but ,new colony and eventually city. A plea of not guilty has beer tered in the probate court at Fir on O., by John D. Rockefeller charge of violating the anti-trus through the Standard Oil com Mr. Rockefeller was not persona court. He pleaded through an ney. rumor said to have started a drunken man A street by National cau run on the Exchange Kan., in The until 7 doors was at Atchison. withdrawn. open o'clock bank which at had nig H $ which time the excitement