4702. Thirty First Street Bank (Chicago, IL)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
June 21, 1890
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
f9d2a36a

Response Measures

Accommodated withdrawals

Description

Two newspaper reports (June 21, 1890) describe a run on the Thirty-First Street Bank in Chicago triggered by the closing of the Park National Bank and shared officer (Melville T. Roberts). The bank met all demands and did not suspend; officers said they could meet all calls. Classified as run_only.

Events (1)
1. June 21, 1890 Run
Cause
Local Banks
Cause Details
Run triggered by the closing of the Park National Bank and the fact the Thirty First Street Bank's president was also vice-president of Park National, causing depositor concern.
Measures
All drafts were promptly cashed; officers said they were able to meet all demands; some depositors increased deposits.
Newspaper Excerpt
As a result of the closing up of the Park National bank yesterday, there was a run to-day on the Thirty-first street bank.
Source
newspapers

Newspaper Articles (2)
1. June 22, 1890 The Morning News Savannah, GA
Article from The Morning News, June 22, 1890

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Article Text

A Run on a Chicago Bank, CHICAGO, June 21.-As a result of the closing up of the Park National bank yesterday, there was a run to-day on the Thirty-first street bank. This was due to the fact that its president, Melville T. Roberts, was also vice president of the Park bank. All drafts were promptly cashed, and some depositors increased their deposits. The officers claim to be able to meet all demands,

2. June 22, 1890 The Sun New York, NY
Article from The Sun, June 22, 1890

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Article Text

A Run on so Chicago Bank. CHICAGO, June 21.-As a result of the closing up of the Park National Bank yesterday there was a run to-day on the Thirty-first Street Bank. This was due to the fact that its President, Melville T. Roberts, is also Vice-President of the Park National. All calls, however, were promptly met. and some of the heavy depositors increased their deposits. The offlcers of the bank say they are able to meet all demands.