Thirty First Street Bank (Chicago, IL)

Episode Information

Episode UID
5903315791086
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
590331579 hash
Start Date
June 21, 1890
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
010a1764b2d003ac

Response Measures

None

Description

The bank initially survived a run in June 1890 but later failed during the panic (likely 1893), as confirmed by 1895 articles referring to it as defunct.

Events (2)

1. June 21, 1890 Run
Cause
Local Banks
Cause Details
The closing of the Park National Bank, where the Thirty-first Street Bank's president was also vice president.
Measures
All drafts were promptly cashed, and some depositors increased their 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
2. * Suspension
Cause
Macro News
Cause Details
The bank failed during the panic (likely the Panic of 1893).
Newspaper Excerpt
Melville P. Roberts, a banker, who was president of the Thirty-first Street Bank, which failed during the panic
Source
newspapers

Newspaper Articles (6)

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,


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.


Article from The Norfolk Virginian, November 23, 1895

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Article Text

A Banker Charged With Perjury. Chicago, Nov. 22.-Melville P. Roberts, a banker, who was president of the Thirty-first Street Bank, which failed during the panic, was arrested this afternoon charged with perjury in a case tried November 1st. wherein Roberts was sued by the Commercial National Bank for $20,000. A warrant alleging perjury was also issued for the arrest of C. P. Parker. who was president of the Park National Bank. which also went to the walls during the panic.


Article from New-York Tribune, November 23, 1895

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Article Text

BANKERS ACCUSED OF PERJURY. Chicago, Nov. 22.-Melville F. Roberts, a banker, who was president of the Thirty-first Street Bank, which failed during the panic, was arrested this afternoon on a bench warrant issued by Judge Hutchison, charging perjury in a case tried November 1, wherein Roberts was sued by the Commercial National Bank for $20,000. A warrant alleging perjury was also issued for the arrest of C. P. Packer, who was president of the Park National Bank, which also went to the wall during the panic.


Article from The San Francisco Call, November 24, 1895

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Article Text

PERJURY Is ALLEGED. Warrants for the Arrest of Two Presi. dents of Defunct Banks. CHICAGO, ILL., Nov. 23.-Melville P. Roberts, a banker, who was president of the Thirty-first-street Bank, which failed during the panic, was arrested this afternoon on a bench warrant issued by Judge Hutchinson charging perjury in a case tried November 1 wherein Roberts was sued by the Commercial National Bank for $20,000. A warrant alleging perjury was also issued for the arre stof C. P. Packer, who was president of the Park National Bank which also went to the wall during the panic. CANDIDATES FOR READING CLERK Two Californians Said to Be Aspirants for the Place. WASHINGTON, D. C., Nov. 23.-J. C.


Article from The Watchman and Southron, November 27, 1895

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Article Text

Policeman Robert Knox arrested Ed Taylor, in Vevay, Ind., Thursday night and was on his way to the jail, when Taylor drew a revolver and fired, killing Knox instantly. Taylor escaped Melville P. Roberts, who was president of the Thirty-First street bank of Chicago, which failed during the panic, was arrested yesterday, charged with perjury in a case wherein Roberts was sued by the Commercial National bank for $20,000. A committee of 50 of the Merchants and Manufacturers' association of Baltimore, is hard at work in an effort to take to Atlanta on Maryland day, December 6. the largest crowd that has yet visited the exposition. They expect to bring down 1,500 men.