Indianapolis National Bank - Indianapolis, IN

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 581
Charter Number: 581
Start Date: July 16, 1884
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini
Short Digest: 07e380e3

Response Measures

None

Description

July 1884 articles report heavy checking/early run activity on Indianapolis National tied to runs at a small local bank and fears of a general run. By Jan 6, 1885 a receiver (Wallace) is selling the bank's stock, indicating the bank went into receivership and did not continue normal operations. No explicit reopening is reported.

Events (2)

1. July 16, 1884 Run

Cause: Local Banks
Cause Details: Run activity by small depositors coincided with a run on the Bilsingers' (a local) bank and fear of a general run on banks.
Newspaper Excerpt: Considerable checking is being done on the Indianapolis National from small depositors, and a general run on all banks is feared.
Source: newspapers

2. January 6, 1885 Receivership

Newspaper Excerpt: Receiver Wallace's Sale of Bank Stock. Receiver Wallace says it is true that he has sold $100,000 of the stock of the Indianapolis National Bank ... The stock was sold at par,
Source: newspapers

Newspaper Articles (3)

1. July 16, 1884 The Daily Cairo Bulletin Cairo, IL

Article from The Daily Cairo Bulletin, July 16, 1884

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Article Text

William Wallace has been appointed asignee on a bond of $500,000. A run was also begun on the Bilsin gers' bank, a small private concern, whose depositors are principally Germans. Considerable checking is being done on the Indianapolis National from small depositors, and a general run on all banks is feared.

2. July 18, 1884 The Waco Daily Examiner Waco, TX

Article from The Waco Daily Examiner, July 18, 1884

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Article Text

William Wallace has been appointed ssignee on a bond of $500,000. A run was also begun on the Bilsingers' bank, a small private concern, whose depositors are principally Germans. Considerable checking is being done on the Indianapolis National from small depositors, and a general run on all banks is feared.

3. January 6, 1885 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, January 6, 1885

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Article Text

Receiver Wallace's Sale of Bank Stock. Receiver Wallace says it is true that he has sold $100,000 of the stock of the Indianapolis National Bank, but the money was applied on the debt of Fletcher & Sharpe to the Connecticut Mutual Life Insurance Company, for which the stock was held in pledge by the company, an not on the debt secured by the bank building. The stockholders in the bank at this time are Theo P. Haughey, Henry Latham, Dr. P. H. Jameson, Harvey Satterwhite, of Martinsville; William I. Hiss, of Baltimore; M. A. Weir, of New Albany; Schuyler Colfax, South Bend; General Lew Wallace, Crawfordsville; Dr. James H. Woodburn, Charles F. Meyer. August B. Meyer, A. J. Treat, Henry Rauh, D.B. Shideler, John W. McQuiddy, Scott Butler, W. R. Rexford, Joseph A. Moore and Mary C. Rariden, all of this city, The stock was sold at par,