Bank of North Manchester - North Manchester, IN

Episode Information

Episode UID: 6247072891254
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 624707289 hash
Start Date: June 13, 1904
Location: North Manchester, Indiana (41.001, -85.769)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 55df98886e92a39d

Response Measures

None

Events (2)

1. June 13, 1904 Run

Cause Details: Large withdrawals and inability to obtain cash to meet deposits (liquidity panic)
Newspaper Excerpt: withdrawals of funds by depositors and inability to get cash on paper forced the institution to close
Source: newspapers

2. June 13, 1904 Suspension

Cause Details: Bank suspended/failed after heavy withdrawals and inability to secure cash
Newspaper Excerpt: suspension of the Bank of North Manchester, a private concern established ten years ago
Source: newspapers

Newspaper Articles (1)

1. June 13, 1904 The Daily Palladium Richmond, IN

Article from The Daily Palladium, June 13, 1904

Click image to open full size in new tab

Article Text

PRIVATE BANK FAILS Withdrawal of Funds Leaves Institution in Bad Plight. North Manchester, Ind., June 13.North Manchester is excited over the suspension of the Bank of North Manchester, a private concern established ten years ago. The bank had a paid-up capital of about $20,000 and deposits of $48,000. The deposits were recently $75,000, but withdrawals of funds by depositors and inability to get cash on paper forced the institution to close. The president and cashier are D. T. Krisher and Dayton Harter, respectively. Krisher was the receiver of the defunct First National Bank of North Manchester, which closed in 1893.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

Flag Article for Review

Flag Episode for Review