3567. First National Bank (Belleville, IL)

View Charter #2154 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2154
Charter Number
2154
Start Date
October 10, 1901
Location
Belleville, Illinois (38.520, -89.984)

Metadata

Model
gpt-5-mini
Short Digest
1c7aec53c9888a6e

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Multiple contemporaneous newspaper reports (Oct 1901) describe a short-lived run on the First National Bank of Belleville triggered by an indiscreet or wild statement. The president paid those who asked, addressed the crowd, and many redeposited funds; the bank remained open. Date chosen (1901-10-10) reflects the dateline in several articles (St. Louis, Oct. 10).

Events (2)
1. June 15, 1874 Chartered
Source
historical_nic
2. October 10, 1901 Run
Cause
Rumor Or Misinformation
Cause Details
A 'wild' or 'indiscreet' statement by an individual sparked depositors to withdraw funds; president reassured crowd and many redeposited.
Random Run
Yes
Random Run Snippet
Indiscreet/wild statement caused panic; president's address pacified people
Measures
Cashier/President paid off all who called and publicly addressed the crowd; many redeposited funds.
Newspaper Excerpt
There was considerable excitement ... on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. President Andel paid off all who called. He then addressed the crowd ... The statement pacified the people. A number ... redeposited it and the incident closed.
Source
newspapers

Newspaper Articles (4)
1. October 11, 1901 The Forrest City Times Forrest City, AR
Article from The Forrest City Times, October 11, 1901

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Article Text

DUE TO A WILD STATEMENT. A Run On the First National Bank of Belleville, III., Caused by Indiscreet Remark. St. Louis, Oct. 10.-There was considerable excitement, Tuesday, in Belleville, III., for an hour or more on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others who had not heard of the rumor to hasten to the bank also and draw out their money. President Andel paid off all who called. He then addressed the crowd, and stated that anyone who was not satisfied and did not have confidence in the bank could còme forward and get deposited money. The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed. The First national bank of Belleville is one of the richest institutions in the southern part of the state. It has a capital of $100,000 and a surplus of $300,000. The bank pays taxes on $400,000.

2. October 11, 1901 Iowa State Bystander Des Moines, IA
Article from Iowa State Bystander, October 11, 1901

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Article Text

Heavy Run on Illinois Bank. Belleville, III., Oct. 11.-A heavy run is being made on the Belleville First National Bank. It was started late Tuesday afternoon and was renewed with vigor this morning. Some indiscreet person made some statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others, who had not heard of the rumor, to hasten to the bank also and draw out their money. Cashier Casimir Andele paid off all who called. The bank is one of the richest institutions in the southern part of the state. According to the statement of its officers it has a capital of $100,000 and a surplus of $300,000.

3. October 12, 1901 The Van Buren Press Van Buren, AR
Article from The Van Buren Press, October 12, 1901

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Article Text

DUE TO A WILD STATEMENT. A Run On the First National Bank of Belleville, III., Caused by Indiscreet Remark. St. Louis, Oct. 10.-There was considerable excitement, Tuesday, in Belleville, III., for an hour or more on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others who had not heard of the rumor to hasten to the bank also and draw out their money. President Andel paid off all who called. He then addressed the crowd, and stated that anyone who was not satisfied and did not have confidence in the bank could come forward and get deposited money. The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed. The First national bank of Belleville is one of the richest institutions in the southern part of the state. It has a capital of $100,000 and a surplus of $300,000. The bank pays taxes on $400,000.

4. October 12, 1901 The Grenada Sentinel Grenada, MS
Article from The Grenada Sentinel, October 12, 1901

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Article Text

DUE TO A WILD STATEMENT. A Run On the First National Bank of Belleville, III., Caused by Indiscreet Remark. St. Louis, Oct. 9.-There was considerable excitement, Tuesday, in Belleville, III., for an hour or more on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others who had not heard of the rumor to hasten to the bank also and draw out their money. President Andel paid off all who called. He then addressed the crowd, and stated that anyone who was not satisfied and did not have confidence in the bank could come forward and get deposited money. The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed. The First national bank of Belleville is one of the richest institutions in the southern part of the state. It has a capital of $100,000 and a surplus of $300,000. The bank pays taxes on $400,000.