Farmers & Traders Bank (Gallatin, TN)

Episode Information

Episode UID
6080001591124
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
608000159 hash
Start Date
August 15, 1893
Location
Gallatin, Tennessee (36.388, -86.447)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2a899cace797fdd9

Response Measures

None

Description

The bank limited withdrawals to 10%, which constitutes a partial suspension; it is unclear from these articles if it fully reopened or closed.

Events (2)
1. August 15, 1893 Run
Cause
Macro News
Cause Details
Panic of 1893 systemic financial distress
Measures
Directors posted a notice that only 10 per cent. for the present would be paid on deposit.
Newspaper Excerpt
There was a slight run by depositors yesterday on the Farmers' and Traders' bank
Source
newspapers
2. August 15, 1893 Suspension
Cause
Macro News
Cause Details
Partial suspension of payments (10% limit) due to run during the Panic of 1893.
Newspaper Excerpt
directors have posted a notice that only 10 per cent. for the present would be paid on deposit.
Source
newspapers

Newspaper Articles (2)
1. August 16, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, August 16, 1893

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Article Text

Two Little Ruus. GALLATIN, Tenn., Aug. 16.-There was a slight run by depositors yesterday on the Farmers' and Traders' bank and the directors have posted a notice that only 10 per cent. for the present would be paid on deposit. There was a slight run on the First National bank of Gallatin, less than $2,000 having been paid out.

2. August 17, 1893 The Morning News Savannah, GA
Article from The Morning News, August 17, 1893

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Article Text

RUNS ON GALLATIN BANKS. They Were the Farmers and Traders and the First National. Gallatin, Tenn., Aug, 16.-There was a slight run by depositors yesterday on the Farmers and Traders bank and the directors posted a notice that only ten per cent., for the present. would be paid on deposits. Loans and other means are over $120,000 and deposits about $80,000. LLIGHT RUN ON THE FIRST NATIONAL. There was a slight run on the First National Bank of Gallatin, less than $2,000 having been paid out.