Mercantile National Bank

Episode Information

Episode UID: 327201124
Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 32720 national
Charter Number: 3272
Start Date: August 2, 1893
Location: Cleveland, Ohio (41.499, -81.695)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a7f059d152a33d5a

Response Measures

None

Description

Article refers to Cleveland savings banks requiring notice; Mercantile is not named and may be a different charter type.

Events (3)

1. December 13, 1884 Chartered

Source: historical_nic

2. August 2, 1893 Suspension

Cause: Macro News
Cause Details: City-wide precautionary measure amid the 1893 wave of bank failures and financial distress; Cleveland savings banks required notice before withdrawals.
Newspaper Excerpt: The officers and directors of all the savings banks at Cleveland, O., have decided to require of depositors notice before withdrawal of funds.
Source: newspapers

3. December 1, 1904 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. August 2, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, August 2, 1893

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Article Text

TELEGRAPHIC BREVITIES. The cruiser New York was put in commission yesterday. The Seven Corners, Minnesota State bank, with a capital of $100,000, has failed. William Hunt has been appointed postmaster at Clearmont, Wyo., vice Stone, resigned. The Wyandotte County bank at Upper Sandusky, 0., has suspended. Assets, $100,000; liabilities, $75,000. A receiver has been appointed for the Philadelphia Packing and Provision company. No statement, but the failure is a large one. A receiver has been appointed for the Demme & Dierkes Furniture company of Chicago, with assets of $400,000 and liabilities of $120,000. The officers and directors of all the savings banks at Cleveland, 0., have decided to require of depositors notice before withdrawal of funds. At a meeting of the presidents of the Omaha savings banks this morning, they resolved to require sixty days' notice for the withdrawal of deposits. An order has been issued at the war department detaching Captain Carpenter and troops under his command from further duty at Puyallup Indian reservation. Patents were issued yesterday to John M. Browning, of Ogden, for a breechloading gun; to Lyman E. Baldwin, of Lander, Wyo., for a stovepipe attachment. The Safe Depositor & Trust company of Denver assigned last evening. Assets $400,000, liabilities $100,000. Eastern creditors caused the assignment by pushing the concern. At Utica, o., Monday night, John Cattle, two men named Bell, two others named Bowers and Skillen, were killed and Joseph Ship fatally injured by the explosion of a threshing machine.