First National Bank - Martinsville, IN

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 794
Charter Number: 794
Start Date: November 6, 1883
Location: Martinsville, Indiana (39.428, -86.428)

Metadata

Model: gpt-5-mini
Short Digest: 0d48e487

Response Measures

Accommodated withdrawals

Description

Newspaper (Nov 6, 1883) reports a run prompted by rumors about Henderson, Parks & Co. The bank promptly met withdrawals and remained open; no suspension or closure mentioned.

Events (1)

1. November 6, 1883 Run

Cause: Local Shock
Cause Details: Rumors about the financial standing of local pork-packers Henderson, Parks & Co. prompted depositors to withdraw funds.
Measures: Certificates of deposit were cashed as presented; cashier Satterwhite invited depositors to come and obtain their money; bank met demands promptly.
Newspaper Excerpt: Owing to the rumors affecting the financial standing of Henderson, Parks & Co., pork-packers of this city, a run was caused on the First National Bank of this city last evening and this morning.
Source: newspapers

Newspaper Articles (1)

1. November 7, 1883 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, November 7, 1883

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Article Text

A Run on a Bank Promptly Met. Special to the Indianapolis Journal. MARTINSVILLE, Nov. 6.-Owing to the rumors affecting the financial standing of Henderson, Parks & Co., pork-packers of this city, a run was caused on the First National Bank of this city last evening and this morning. As fast as the certificates of deposit were presented they were cashed, and Mr. Satterwhite, the cashier, invited depositors who wanted their money to come along, saying the bank was ready at any and all times to meet their demands. The promptness the bank has shown has created confidence in business circles here, and the bank stands higher in the confidence of the people than ever before.