2800. National Bank (Brunswick, GA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4944
Charter Number
4944
Start Date
January 20, 1897
Location
Brunswick, Georgia (31.150, -81.491)

Metadata

Model
gpt-5-mini
Short Digest
2467126c

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Short-lived run on Jan 20, 1897 confined to small depositors, caused by political rumors about VP E. H. Mason; bank remained open and later received cash support in Dec 1897 when other local bank failed. No suspension or receivership of the National Bank reported.

Events (2)

1. March 17, 1894 Chartered
Source
historical_nic
2. January 20, 1897 Run
Cause
Rumor Or Misinformation
Cause Details
Political prejudice and persistent rumors that large shipping interest depositors would withdraw (rumors tied to VP E. H. Mason); false reports unnamed firms would lead withdrawals.
Measures
Bank officials publicly reassured depositors; cashier reported reserve above legal requirement; president assured depositors that funds could be paid on demand.
Newspaper Excerpt
STARTED A RUN ON THE BANK. ... A run was started on the National Bank of Brunswick about its opening hour to-day. The run was confined solely to small depositors and lasted only one hour.
Source
newspapers

Newspaper Articles (5)

Article from The Morning News, January 21, 1897

Click image to open full size in new tab

Article Text

STARTED A RUN ON THE BANK. Political Enemies of the Brunswick Bank Cause It a Little Trouble. Brunswick, Ga., Jan. 20-A run was started on the National Bank of Brunswick about its opening hour to-day. The run was confined solely to small deposHors and lasted only one hour. The aggregate amount drawn out in that time was small, and but little excitement attended the affair. Cashier Walter to-night says: "The condition of the bank to-night is that we hold 6. reserve of $ per cent. of our deposits, which is 20 per cent. above the legal reserve." President C. Downing says: "That anybody who has money in the bank can get #: on demand." The attempt to create a run on the National seems to have had its foundation in political prejudice against its vice president, E. H. Mason. As mayor of Brunswick, be was supposed to have been prominent in securing Harbor Master Kellar elected to succeed the former incumbent. Since the election several days ago, the rumors were started that several alleged large depositors amonget the shipping interests would withdraw their deposits, Two firms, N. Emanuel & Co., and the Brunswick Terminal Company were named as the leaders in this movement. Neither have done anything of the kind. Rumors connecting other firms' names prove equally untrue. The bank officials were cognizant of these rumors and felt no apprehension whatever, The systematic and persistent circulation of them affected several small depositors in the usual manner such rumors will and the run exhausted Itself in ample time be. fore the banks closing hour to afford any one an opportunity of seeing that the normal condition of affairs had resumed.


Article from The Morning News, January 22, 1897

Click image to open full size in new tab

Article Text

The Run Is Over. Brunswick, Ga., Jan. 21.-There was no evidence of a resumption of the small run of yesterday on the National Bank today.


Article from Martinsburg Herald, February 13, 1897

Click image to open full size in new tab

Article Text

The Brunswick, Ga., Times says: "A good story was told Wednesday incident to the foolish run on the National Bank. At about noon an excited individual. who had just heard the rumors, rushed breathlessly into the bank, hurriedly swooped down on a bank check, filled it out and trembling with emotion, shoved it through the window, 'Give me my all,' he gasped: 'my hard earned savings. Do not ruin me. Give me my money before the end comes!' Teller George Smith took his time. He appreciated the joke. He read the check over several times, consulted the bookkeeper, then the cashier. The panicstricken individual grew so feverish that he attempted to climb over the railings. Smith slowly counted out the amount of the check-$8.50. Before he could pass it through the opening in the grating the wild depositer seized the silver with both hands and rushed through the door shouting 'Saved! Thank God! Saveed!'''


Article from The Brunswick Times, December 7, 1897

Click image to open full size in new tab

Article Text

SUPERIOR COURT BEGINS ITS WORK. Organizes Grand Jury and Unties Various Matrimonial Knots. ASSIGNMENTS FOR THE TERM. Brunswick Company's Successors Chartered. Colson Grand Jury's Foreman-Brewster Again Suffers Defeat. Glynn Superior court convened yesterday for the regular December term. Judge Sweat was on the bench, and Solicitor Bennett, Clerk Lehman and Sheriff Berrie were in attendance. The grand jury for the term was sworn in, and elected M. J. Colson foreman. Major Gorton was again successful in his race against Dr. Brewster for bailiff of the jury. Judge Sweat's charge to the grand jury covered all the points of the law, and was attentively listened to by the body. A number of cases that were ready for disposition were then called and passed upon. The divorce docket was then called, and the court untied SIX matrimonial knots in a very short period of time. The following were the divorce cases determined: P. C. Miller VS. Rachael Miller, first verdict. Emma Perry VS. Robert Perry, first verdict. Mary Capers VS. Eli Capers, first verdict. Lula Jones VS. Mortimer Jones, second verdict. Hudson VS. Hudson, second verdict. Abram McClure VS. Lucy McClure, second verdict. Judge Sweat granted a charter to the Brunswick Dock and City Improvement company, the reorganized Brunswick company. At the conclusion of this business, the court called up the docket for the purpose of making assignments of cases for trial during the two weeks session. The following are the a signments: TUESDAY, DEC. 7. 37. Minnie Humes VS Charles Humes, Divorce. 54. Charles Ozier VS Louise Ozier. Divorce. 57. R L Ford V8 Julia Ford. Divorce. 67. So Mutual B. & L. association V8 Emma C Littlefield. Complaint. 80. Henry Clay V8 Crovatt & Whitfield, et al. Equitable foreclosure. 85. Thomas W Wrench VS Brunswick Publishing company. Complaint. 89. In re, Hector Powell. Removal disabilities. 91, S Mayer sur 00 part the First National Bank of Brunswick. Injunction and receiver. WEDNESDAY, DEC. 8. 18. A M McRea V8 M M Bush. Pe tition for injunction and relief, 33. Raibun & Verel V8 Florida Phosphate Exchange and Export company. suit on account. 36. W B Perry V8 A F Franklin and Franklin Commission company,claimant. Claim. 58. J J Lott VS S A Brockington. Appeal. 59. Brunswick Grocery company V8 Sam Brockington for A Brockington, Appeal. 75. Arthur Hopkins V8 Mary Hopkins. Divorce, 79. Interstate B & L association V8 M M Bush. Suit on bond. THURSDAY. DEC. 9 61. William 0 Allison VS J M Madden Complaint. 50. Brunswick Grocery company V8 Brunswick and Western railroad company. Complaint. 92, S. Mayer sur CO part V8 First National bank of Brunswick, Injunction and receiver. 81. Mrs A F Burbage V8 National bank of Brunswick. Equitable proceedings. 69. George T. Bailey V8 N D Russell. Foreclosure of lien. FRIDAY, DEC. 10. 44, J W Hurst VS The White company. Appeal. 72. George Flewellyn VS Mary Fleweilyn. Divorce.


Article from The Brunswick Times, December 30, 1897

Click image to open full size in new tab

Article Text

r Equipped Than Ever to Give Brunswick a Live Newspaper. Judge Sweat also appointed Judge O HO! HO! Sam C. Atkinson attorney for the reCLOSED ITS DOORS ; SPANISH HAUL DOWN deiver. S" GET GAY. RECEIVER NAMED. OTHER BANKS SOLID. STARS AND STRIPE Large Amounts Received By National and e Claim That Over Merchants and Traders' Bank SucSavings and Trust. Barcelona Mob Could Not Endu dred Voted Last night's express brought to the cumbs to a Steady the Sight of Our city $50,000 in cash for the National Run. gally. Flag. Bank of Brunswick and $20,000 in cash for the Brunswick Savings and Trust company. These two instituE OF THEM ALL. MADDEN IS TEMPORARY RECEIVER. OUR CONSUL COMPLETELY COWE tions are not affected by the failure of the Merchants and Traders' bank. Vice-President F. D. Aiken, of the cording to "Goo Goo" Owes Depositors Forty Thousand-Couldn't Captain of an American Vessel Forced Savings and Trust company, said rams Got Only 13. Make Liquidation Arrangements. Hide Freedom's Emblem While in to a reporter last night: ely Silly. Other Banks All Right. Port. "The Savings and Trust Co. has stood ready and willing to give the Merchants and Traders' bank all the of the entire municThe Merchants and Traders' bank New York, Dec. 29.-A special to t aid in our power, to avert the closing tation IS furnished failed to open its doors for business Journal and Advertiser, from N of its doors. No disposition has been contest which have yesterday morning. After a steady Haven, Conn., says: shown, however, to keep the bank's he "Good Govern. but quiet run, of three days duration, "Capt. George N. Kelsey, of t affairs out of the courts. A receiverour aldermen-elect. the institution succumbed, and the dischooner Wallace Ward, which h ship appears to be the only wind up re served late Tuesrectors resolved to let liquidation take just arrived here from Barcelor of the matter. The course of the Sathe certificates of its course either in or out of the courts. Spain, insists that the American co vings and Trust company has been issued to Messrs. The Merchants and Traders' is a sul at that port fears mob violence actuated entirely by patriotic motives. ck, Abrams and state institution, and has been in exand is unable to keep the America Our bank will probably remain open istence for a considerable term of flag flying on Uncle Sam's vessels. I urtil 6 p. m. tomorrow, in case any claims made in the years. It was organized by Dr, J, put into port there September 16, r one is uneasy." is to indulge in the M. Madden, who still remains its presmaining three days. At first the sta Vice President E. H. Mason, of the aracterization. For ident. and stripes floated from the masthea National bank, said that the National In the crisis of 1893. when the First aim and superlative but Spanish loiterers, attracted by had been willing to help all efforts tc0" grounds of conNational, Oglethorpe and State banks gathered by the side of the vessel a ward liquidation, but at the meeting succumbed, the Merchants and Traders' threatened violence. The America in the morning, the efforts had proven tain a list of 532 and the Savings and Trust company consul heard a rumor that the crow futile, and a receivership was the log1 are claimed to be were the only institutions that surpurposed burning the vessel, and ical result. vived. e astounding claim sent word to Captain Kelsey to ha The banks will, of course, not lose nly legal votes reFor some time past, however, the down the flag. Captain Kelsey defi the $10,000 taken by Express Agent inning caudidates bank had been regarded as weakening, the Spaniards, but next day the cons Mabry, as that is a matter entirely and an unsuccessful effort was made a repeated his advice and Capta between the Savannah shippers and 43 few months ago to put it in the hands Kelsey was reluctantly persuaded the express company. 38 store the stars and strines below des of a receiver. Since that time the de-