Northwestern National Bank (Chicago, IL)

Episode Information

Episode UID
50800778
Episode Type
Run Only
Bank Type
national
Bank ID
5080 national
Charter Number
508
Start Date
October 1, 1864*
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ef2bf39e02829c4f

Response Measures

None

Description

The articles describe a city-wide run on all Chicago banks in October 1864, which would include the Northwestern National Bank (chartered Aug 1864).

Events (3)

1. August 30, 1864 Chartered
Source
historical_nic
2. October 1, 1864* Run
Cause
Local Banks
Cause Details
Suspension of one local institution triggered a run on all other Chicago banks.
Newspaper Excerpt
A run was in progress upon every Chicago bank because of the suspension of one institution.
Source
newspapers
3. September 15, 1900 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Miller Sun, October 12, 1904

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Article Text

forty Years Ago. A run'was in progress upon every Chicago bank because of the suspension of one institution. The propeller Ogdensburg, which 12 years before on Lake Erie had collided with and sunk the steamer Atlanta with great loss of life, itself was sunk in a collision off Cleveland, O. The citizens of Belleville, III., were preparing to resist a threatened in vasion by a detachment from General Price's Confederate command. Drafting from the city of Chicago was commenced, the Sixth and Eighth Wards being first drawn upon. A sudden movement by Generals Grant, Ord and Birney carried the Union lines to within four miles of Richmond, Va., on the south.


Article from Vernon County Censor, October 12, 1904

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Article Text

# forty Years Ago. A run was in progress upon every Chicago bank because of the suspen-sion of one institution. The propeller Ogdensburg, which 12 years before on Lake Erie had collided with and sunk the steamer Atlanta with great loss of life, itself was sunk in a collision off Cleveland, O. The citizens of Belleville, Ill., were preparing to resist a threatened invasion by a detachment from General Price's Confederate command. Drafting from the city of Chicago was commenced, the Sixth and Eighth Wards being first drawn upon. A sudden movement by Generals Grant, Ord and Birney carried the Union lines to within four miles of Richmond, Va., on the south.