Boatmens Savings Institution (St Louis, MO)

Episode Information

Episode UID
3768863090694
Episode Type
Run Only
Bank Type
savings
Bank ID
376886309 hash
Start Date
October 6, 1857
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
95fde91fb03ca8df

Response Measures

None

Events (1)

1. October 6, 1857 Run
Cause
Macro News
Cause Details
Part of broader 1857 monetary/financial panic affecting St. Louis banks and currency confidence.
Newspaper Excerpt
There is a run to-day upon the Bank of Missouri, and the Boatmen's and Germans' Savings Institutions.
Source
newspapers

Newspaper Articles (2)

Article from New-York Daily Tribune, October 7, 1857

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Article Text

MONETARY AFFAIRS IN ST. LOUIS. Sr. LOUIS, Mo., Oct. 6, P. M. A meeting was held yesterday at the Merchant's Exchange to consider the currency question. Mr. Henry, Bank Commissioner of Illinois, made a statement of the condition of the banks of that State, which was generally regarded as satisfactory. The Commit tee appointed to report on the subject convened in the afternoon, but adjourned without coming to a definite conclusion. The vote on receiving the currency at par stood at a tie previous to the adjournment. A resolution was passed to petition the Legislature to issue no more bonds at present, and to create a sinking fund for the payment of the interest on those already issued. Another meeting was held at the Exchange to-day. The suspension of Lucas & Co. created no excitement, as their assets are known to be ten times greater than their liabilities. There is a run to-day upon the Bank of Missouri, and the Boatmen's and Germans' Savings Institutions. There are no evidences of suspension yet. The regu. lar banks remain strong. At the meeting at the Merchants' Exchange to-day, & resolution to receive and pay out the currency at par was adopted by an overwhelming vote.


Article from The New York Herald, October 7, 1857

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Article Text

CRITICAL STATE OF AFFAIRS IN ST. LOUIS. Sr. LOUIS, Oct 6-R-M A meeting was held yesterday as the Merchants' Ex change, to consider the currency question. Mr. Henry, Bank Commissioner of Illinois, made a statement or the condition of the banks of that State, which was generally regarded as satisfactory. The committee appointed to roport on the subject subject comvened in the afternoon, but adjournw without coming to a definit econolusion. The vote on receiving the currency at per stood at a the previous to the adjourament A revolution was passed to petition the Legislature to issue no more bonds at present, and to create a sinking fund for the payment of the interest on those already ssued. Another meeting was held at the Exchange to day, when a resolution to receive and pay out the ourrency at par, was adopted by an overwhelming vote. The suspension of Lucas & Oo. created no excitement, as their assets are known to be ten times greater than their liabilities. There is a run to-day upon the Bank of Missouri, and the Boatmen's and German's savings institutions. There are no evidences of suspension yet. The regular banks remain strong.