Second National Bank - Richmond, IN

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 1988
Charter Number: 1988
Start Date: August 6, 1909
Location: Richmond, Indiana (39.829, -84.890)

Metadata

Model: gpt-5-mini
Short Digest: eef8ed9d541c58d3

Response Measures

No run

Description

Article (1909-08-06) describes a brief, nonfinancial 'run on the bank' as people lined up to obtain the new Lincoln penny. This was a novelty/coin-demand event, not a liquidity panic or suspension.

Events (2)

1. May 23, 1872 Chartered

Source: historical_nic

2. August 6, 1909 Run

Cause Details: Public demand to obtain newly issued Lincoln pennies led many customers to visit the bank simultaneously.
Newspaper Excerpt: there was quite a \run on the bank\ for a time as everybody wanted one.
Source: newspapers

Newspaper Articles (1)

1. August 6, 1909 The Richmond Palladium and Sun-Telegram Richmond, IN

Article from The Richmond Palladium and Sun-Telegram, August 6, 1909

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Article Text

Local Bank Received New Coin Which Attracted Much Interest. WON'T FIT SLOT MACHINES COMPLAINT IS REGISTERED, BUT TIME WILL MARK CHANGE WHEN RIM WEARS DOWN FROM FRICTION. "Have you seen the new Lincoln penny?" This question worked overtime on the streets of Richmond today. A small supply of the new pennies was received this morning at the Second National bank and there was quite a "run on the bank" for a time as everybody wanted one. Only a few of this particular kind have been issued owing to the fact that the designer at Washington put his initials, V. D. B. in small letters near the lower edge of the coin. This is a violation of the law and the initials will be taken off on all future issues. Doesn't Fit Machines. There is much complaint among the slot machine men over the new penny. They allege that it will not fit their machines and are loud in their wails over the matter. However it is only a question of time according to Mr. Eggemeyer of the Second National bank until this will be rectified and everyone will be satisfied, as the large edge of the penny will soon wear off and easily slip through the slots. The new coin is of an unusually attractive, yet simple, design. It consists of the head of Abraham Lincoln in profile, on one side. Directly over his head is the inscription "In God We Trust" while on one side near the center is "Liberty" and on the other, "1909." The reverse. side of the penny has "One Cent" in large letters, and directly underneath in smaller letters, "United States of America." "E. Pluribus Unum" is at the top of this side.