6468. Louisville City National Bank (Louisville, KY)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
788
Charter Number
788
Start Date
March 14, 1890
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
0c2620d93a19e3f1

Response Measures

None

Description

Articles report a short-lived run on Louisville banks (Jan 8, 1891) that affected Louisville City National Bank due to lingering uneasiness from a prior robbery/theft. No suspension or closure is mentioned; banks weathered the crisis and confidence was restored. Also earlier (Mar 1890) a teller absconded with about $50,000, noted in a separate article and likely the adverse event referenced.

Events (4)

1. February 8, 1865 Chartered
Source
historical_nic
2. March 14, 1890 Other
Newspaper Excerpt
The teller of the Louisville, Ky., City National Bank has absconded with about $50,000 belonging to the bank.
Source
newspapers
3. January 8, 1891 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositor uneasiness tied to a prior robbery/theft (teller absconding/robbery by 'Pope') leading small depositors to withdraw funds.
Newspaper Excerpt
There has been more or less of a run on all the banks in this city for the past two days ... Uneasiness was felt about the Louisville City National which Pope robbed and of which Leech is cashier, as the bank has never fully recovered from the robbery.
Source
newspapers
4. October 8, 1899 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Essex County Herald, March 14, 1890

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Article Text

NEWS IN GENERAL. Henry L. Boardman, secretary of the Platt & Thornburg Paint Company, St. Louis, Mo., has returned from New York with his wife, who eloped with O. H. Roessel. Boardman formally handed his wife over to her father, and says theonly reason he did not kill Roessel in New York was because the New York police disarmed him before they showed him his wife. He says her mind was disordered, and she is not much to blame. A depth of twenty-four feet of snow is reported at Leadville, Col. Charles Lippincott, senior member of the firm of Charles Lip incott & Co., manufacturers of soda water apparatus in Philadelphia, has confirmed the story telegraphed from Boston to the effect that a London syndicate had about completed negotiations for the purchase of the business of the four firms controlling the manufacture of soda water and beer apparatus in the United States. Two workmen at Pittsburg, Pa., attempted to thaw dynamite; one is killed and the other will die. Part of Nashville, Tenn., is submerged, but no great damage done. All hopes of rescuing the entombed miners in the South Wilkesbarre mine are abandoned. Two officials of the Brotherhood of Locomotive Engineers have been desposed and expelled for embezzlement. A heavy loss of life and limb has been caused by a smash-up on the Lake Shore railroad, one mile west of Hamburg. A passenger train from the west, running very fast on a down grade, broke in two. The front part of the train was quickly brought to a standstill. and the rear half. composed of four heavy Pullmans, crashed into the last day coach and telescoped the first day coach. As near as can be ascertained, 10 were killed and many injured. State Treasurer Nowland of Jefferson City, Mo., has handed his written resignaon to Gov. Francis. His deficit is $32, 718.55. White ruffians are endeavoring to drive out of Oklahoma the few colored peop le who have settled there, because of the absurd rumor that the blacks proposed to colonize Oklahoma and make of it a negro State. The teller of the Louisville, Ky., City National Bank has absconded with about $50,000 belonging to the bank. New York fruit importers are disturbed by a report that the duty on oranges was to be increased. Hon. Perry Belmont has received the decoration of Commander of the Legion of Honor in recognition of his services to the French Republic in connection with the Paris Exposition. It is reported that William Waldorf Astor has expressed his willingness to give half a millian dollars for schools for the colored people who are forming a new community in Oklahoma, as soon as they show that they are in earnest in getting at work in their new surroundings. Bailey Roeth, proprietor of the "Union Telegraph Company" of St. Louis, Mo., which promises to make a skilled telegraph operator out of a student in three months upon payment of $40, was arrested for fraud. Roeth has obrained about $10.000 in the past six months from gullible students at $40 a head. He further stipulated that all graduates would be provided with situations worth $100 a month. State Labor Commissioner Merriwether began investigating this company a few days ago, and came to the conclusion that it was a gigantic fraud. When graduates demanded situations R eth would say he had a nice place in South America or Mexico or Siberia. Roeth A number of warrants were issued agrinst


Article from The Big Stone Post, January 9, 1891

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Article Text

RUN ON LOUISVILLE BANKS. Small Depositors Become Uneasy and Make a Dash for Their Cash. LOUISVILLE, Jan. S.-There has been more or less of a run on all the banks in this city for the past two days, the Masonic Savings bank being the greatest sufferer. All have weathered the crisis successfully, though at times there was much excitement on Main street and apprehensions entertained lest the large depositors follow the example of the smaller ones and a panic ensue. All danger has now passed however and business has resumed its normal condition. Uneasiness was felt about the Louisville City National which Pope robbed andof which Leech is cashier, as the bank has never fully recovered from the robbery. The Masonic Savings bank on the other hand is regarded as one of the strongest in the city. Money is plentiful both in New York and London and confidence is now fully restored.