6475. Exchange National Bank (Atchison, KS)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2758
Charter Number
2758
Start Date
September 13, 1906
Location
Atchison, Kansas (39.563, -95.122)

Metadata

Model
gpt-5-mini
Short Digest
636e5101

Response Measures

Accommodated withdrawals

Description

Multiple contemporary newspaper accounts (Sept 12-14, 1906) report a one-day run at the Exchange National Bank, Atchison, triggered by a street rumor started by a drunken man. Bank paid out $50,000, kept doors open late, depositors returned next day; no suspension or receivership reported.

Events (2)

1. July 12, 1882 Chartered
Source
historical_nic
2. September 13, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
A street rumor, reportedly started by a drunken man, circulated that the bank had failed; this rumor prompted mostly small withdrawals (many by women) totaling about $50,000.
Random Run
Yes
Random Run Snippet
Street rumor by a drunken man said bank failed; proved false
Measures
Bank kept doors open late (until 7–10pm), paid out deposits promptly ($50,000), offered to remain open until midnight; bankers offered outside assistance though none was needed.
Newspaper Excerpt
A street rumor said to have been started by a drunken man caused a run on the Exchange National bank today in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock tonight, at which time the excitement had subsided. The bank is considered very strong.
Source
newspapers

Newspaper Articles (10)

Article from The Daily Appeal, September 13, 1906

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MAKE RUN ON BANK ATCHISON. Kan., Sept. 13.-A street mimor. said to have been start. ed by a drunken man. caused a run on the Exchange National Bank vesterday, in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock tonight, at which time the excitement had subsided. The bank is considered very strong.


Article from The Topeka State Journal, September 13, 1906

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A RUN ON A BANK About $50,000 Drawn From the Atchison Exchange National. The Rumor of Weakness Started by a Drunken Man. INSTITUTION IS SOUND. Mostly Women That Took Advantage of the "Scare." Deposits Were Made by Many During the Day. Atchison, Kan., Sept. 13.-The Globe says: A small run on the Exchange National bank was in effect at closing time Wednesday afternoon. Somehow a rumor started that there was a bank failure. The story came from the Central Branch shops, originally, and was over town. Theo. Intfen was a telephoned says the story started by drunken man. In attempting to say something smart, the drunken man said: "The bank has failed." One woman who telephoned this office said she heard it was the First National. The last statement of the Exchange National was the best it ever made, showing a reserve of 48 per cent, although the 25 cent. The the same law bank requires has been only in per family for two generations and is as sound an institution as there is in the country; was before. of !sounder As an evidence now than good it ever faith, the bank did not close at 3 p. m., as usual. The business men made their deposits as usual, and many of them offered the bank assistance which it did not need. Those withdrawing deposits are mainly women. The capital of the bank is $100,000, surplus and undivided profits, $97,535; deposits, $1,250,000; total resources, $1,478,000. One man withdrew so much money, that he admitted it would cost him $100 in interest, which he sacrificed. While people were withdrawing at one window many large deposits were being made at the other. Some women were considerably excited, but others quietly withdrew their money and went home. The men looked upon the run as was. a joke, which it undoubtedly It is stated in the afternoon that the bank would be open until midnight, if necessary, to pay off all the depositors. At 3:30 o'clock, however, there were fewer persons in the bank, and the end of the run seemed to be in sight.


Article from The Salt Lake Herald, September 13, 1906

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DRUNKEN MAN IS BLAMED. Atchison, Kan., Sept. 12.-A street rumor said to have been started by a drunken man caused a run on the Exchange National bank today in which $50,000 was withdrawn. The bank kept its doors open until 7 o'clock tonight. at which time the excitement had subsided. The bank is considered very strong.


Article from The Topeka State Journal, September 14, 1906

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ATCHISON BANK SAFE. The Run Lasted Only the One Day, Then Depositors Returned, Atchison, Kan., Sept. 14.-Wednesday's run on the Exchange National was not continued yesterday. The bank was kept open until 10 o'clock the first night, at which time there were no depositors in sight, and reopened at 7 o'clock in the morning. Many who withdrew deposits took them back. Banks all over this section offered the Exchange National help. The National Bank of Cômmerce, Kansas City, offered to pay its depositors in full, but with a reserve of 48 per cent it was able to take care of the run itself, Outside aid to the amount of several millions was tendered, but none was needed.


Article from The Stark County Democrat, September 18, 1906

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Rumor Starts Bank Run. Atchison, Kas., Sept. 14.-The run started on the Exchange National bank, through a street rumor, ended at noon. The bank remained open until 10 o'clock at night, paying out $50,000, which prompt payment seemingly assured depositors of the bank's soundness and many re-deposited.


Article from Smyrna Times, September 19, 1906

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A WEEK'S NEWS CONDENSED Tuesday, September 11. William J. Bryan has accepted an invitation to visit Jackson, Miss., on September 22. Miss Rose Porter, widely known as an author, died at her home in New Haven, Conn., aged 66 years. The Catholic church at Parkesburg,. near Coatesville, Pa., was destroyed by fre, entailing 2 loss of $30,000. Twelve persons were injured, one fatally, in a collision between trolley cars at the New York end of the Brooklyn bridge. While engaged in a friendly boxing Yout with a companion at Little Rock, Ark., Carney Griffth became ill and died of over-exertion. Wednesday, September 12. Robbers entered the bank of Akley, Minn., blew open the safe and escaped with $10,000 in cash. George A. Clemens, a New York policeman, died at Easton, Pa., where he was spending his vacation. Beginning November 1, the maximum one-way fare on the Erie railroad will be 2 1/2 cents per mile instead of 3 cents. The 36th annual convention of the Select Castle of Pennsylvania Ancient Order Knights of Mystic Chain was held at Lancaster. President Roosevelt has appointed Colonel Culver C. Sniffen to be paymaster general of the army, to succeed General Dodge, retired. Thursday, September 13. In a collision between two freight trains on the Western & Atlantic railroad at Ringgold,Georgia seven trainmen were killed. The Order of Hoos-Hoos has chosen Atlantic City, N.J., as the place for the next convention. Four persons were killed and many injured in the collapse of a hotel at Chihuahua, Mexico. The 35th annual meeting of the Lutheran Synod of New York and New Jersey was held at Berlin, Ont. The California Democratic State convention endorsed William J. Bryan for the presidency and pledged him their support. Friday, September 14. The Select Castle of Pennsylvania Knights of the Mystic Chain will meet next year at York. Colonel W. H. Knauss, of Columbus, O., was elected commander-in-chief of the Union Veterans Legion. William Butler, of Philadelphia, tried to commit suicide by cutting his throat with the blade of a safety razor, but will recover. A street rumor started by a drunken man caused a run on Exchange National Bank at Atchison, Kan., and $50,000 was withdrawn. George A. Fuller, of Syracuse, N. Y., who was nominated for state treasurer of New York by the Independence League, has refused to accept the nomination. Saturday, September 15. The boiler in a saw mill at Martba, Ky., exploded and killed three employes. t Lightning struck a building of the New Jersey state reformatory at Rahe way and rendered four boys uncona scious. < Mrs. Mary A. Bigley, mother of Cassie Chadwick, the frenzied financier, S of Cleveland, O., died at Woodstock, Ontario. The Wyoming Democratic state convention adopted resolutions endorsing "W. J. Bryan, the triumphant presid dential candidate in 1908." Monday, September 17. f Four robbers blew open the safes of e two banks at Underwood, N. D., and h escaped with about $10,000 cash. , W. J. Bryan will address the national e meeting of the Presbyterian Brother1 hood at Indianapolis November 14. 1. Six men and one woman were stabbed ; in a fight among Poles and Austrians d at the mining settlement at Long Run O., and three men will die. : The resignation of several Methodist t and n ministers for from admittance that church application to the e has church in the Corry district, Episcopal Pa., S aroused much discussion. e Governor Pennypacker, of Pennsylvania, has notified Albert C. Leisen ring, of Upper Lehigh, that he had se lected him as a delegate to represent n Pensylvania at the Mining Congress -


Article from The Breckenridge News, September 19, 1906

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Caused a Run. Atchison, Kan., Sept. 14.-A street rumor, said to have been started by a drunken man, caused a run on the Ex shange National bank, in which $50.000 was withdrawn.


Article from The Breckenridge News, September 19, 1906

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Mr. Hearst was brought before convention and his speech of accept ance was roundly applauded Defeat Municipal Ownership. Seattle, Wash., Sept. 14.-Municipal ownership of street railways, as reprein a to bond the city of which against sented for $4,272,000, proposal $1,172,000 the general was the and the to to be funds be an of charged indebtedness city against balance 20 per cent of the gross receipts of the sys. tem, was defeated at a special elec tion here. Out of a total of approximately 13,000 votes municipal ownership lacked 935 of a majority. Workingmen voted in large numbers. Attacked by Pulajanes. Manila, Sept. 14.-A column of the Thirteenth infantry, under Captain Fassett. was fired upon at La Paz, island of Leyte, by Pulajanes on the night of Sept. 10. Corporal D. H. Pierce of company A and Private A. of company were battalion of the killed. E. Winegardner A La Thirteenth Paz. B The infantry was camped at Pulajanes fired and then ran, pursuing the same tactics used by the insurrectos. Machine gun detachments are en route to Leyte. Bankers Indicted. Chicago, Sept. 14.-The grand jury returned indictments against the directors of the Milwaukee Avenue State bank of which Paul O. Stensland was president. The indictments charge embezzlement and name various amounts ranging from $50 to $1,000. The directors are M. A. La Buy, Frank Crane, Joseph Lister, Elof Johnson, Marius Kirkey Additional indictments were returned against Stensland and Henry W. Hering. Steamer Overdue. Boston, Sept. 14.-No word from from the steamer Brewster of the United Fruit company, which is more than six days overdue from Port Antonio for this port, was received by the officials of the company in this city. Unless incoming steamers of the line report sighting the missing ship, it is likely that the company will dispatch a vessel to search for her. Revolutionary Plot Nipped. San Salvador, Sept. 13.-A revolutionary plot against the government of Salvador was discovered and the republic was declared in a state of stege. This order must be revoked before Nov. 30 when the presidential election will take place. Apparently presidential ambitions were at the bottom of the revolutionary plans. Hits Panama Hats. New York, Sept. -Another evil effect of the South American earthquake was related by Juan B. Flores of Ecuador. He brought the news that the great straw fields of the Maiglar Celto district of Ecuador were destroyed by the earthquakes and that, as a result, the future of the Panama hat industry is threatened. Insurance Agents Arrested. Chattanooga, Tenun., Sept. 11.Seven local agents of the National Life and Accident Insurance company of Nashville, Tenn., were arrested on a charge of rebating premiums and discriminating between policy-holders. The offense by state law is punishable by a fine of $100 to $200 or imprisonment 30 days, or both. Was a Spender. Seattle, Wash., Sept. 14. - "Swift Water Bill" Gates, the Alaska miner who gained fame as a spendthrift filed a bankruptcy petition in federal court. Gates sets up his assets as $200 in cash, wearing apparel worth $100 and a watch and chain. Court judgments amounting to nearly $200,000 were given as his liabilities. Confessed to Train Wrecking. Antlers, T., Sept. -Ben Jordan and Carl Brown, 20, who were indicted for murder by a grand jury, confessed that they derailed a St. Louis and San Francisco fast passenger train near Kozona, I. T., July 29 when the fireman was killed and the engineer badly hurt. Rain of Sulphurous Liquid. Buenos Ayres, Sept. 14.-The state telegraph department received a telegram from Jachal, province of San Juan, stating that the night of Sept. 11 there was a rain of sulphurous liquid and that in consequence the inhabitants were greatly alarmed. Wreck in Canada. Montreal, Sept. 13.-In the wreck of the Canadian Pacific railway at Azilda, in which an express train ran inbe a harvester train, 11 persons were killed, all Canadians. Caused a Run. Atchison, Kan., Sept. 14.-A street a to have been rumor, said man, started the by drunken caused a run on Ex shange National bank, in which $50. 000 was withdrawn.


Article from Richmond Planet, September 22, 1906

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for the presidency and pledged him their support. Friday, September 14. The Select Castle of Pennsylvania Knights of the Mystle Chain will meet next year at York. Colonel W. H. Knauss, of Columbus, O., was elected commander-in-chief of the Union Veterans Legion. William Butler, of Philadelphia, tried to commit suicide by cutting his throat with the blade of a safety razor, but will recover. A street rumor started by a drunken man caused a run on Exchange National Bank at Atchison, Kan., and $50,000 was withdrawn. George A. Fuller, of Syracuse, N. Y., who was nominated for state treasurer of New York by the Inde, endence League, has refused to accept the nomination. Saturday, September 15. The bofler in a saw mill at Martba, Ky., exploded and killed three employes. Lightning struck a building of the New Jersey state reformatory at Ralt way and rendered four boys unconscious. Mrs. Mary A. Bigley, mother of Cas sie Chadwick, the frenzied financier, of Cleveland, O., died at Woodstock, Ontario The Wyoming Democratic state convention adopted resolutions endorsing "W. J. Bryan, the triumphant presidential candidate in 1908." Monday, September 17. Four robbers blew open the safes of two banks at Underwood, N. D., and escaped with about $10,000 cash. W.J. Bryan will address the national meeting of the Presbyterian Brother. hood at Indianapolis November 14. The resignation of several Methodis! ministers from that church and application for admittance to church in the Corry district, Ps., has aroused much discussion. Six men and one woman were stabbed in a fight among Poles and Austrians at the mining settlement at Long Run, O., and three men will die. Governor Pennypacker, of Pennsyl. vania, has notified Albert C. Leisenring, of Upper Lehigh, that he had se lected him as a delegate to represent Pensylvania at the Mining Congress at Denver in October. Tuesday, September 18. James W. Hall, night watchman of the Air Line Manufacturing company at Norfolk, Va, was murdered and robbed. The 276th anniversary of the found. ing of Boston was celebrated Monday. In juraping from a moving train at Cairo, III., P. J. Thistlewood a wealthy grain dealer, fell and broke his neck, dying instantly. A. H. Baker was murdered in his store at Barbourville, W. Va., and the place robbed. Wednesday, September 19. The National Negro Baptist Convention will meet next year in Wash ington, D. C. John Strothcamp died at Harrison, N. Y., from a knock-out blow received in a boxing bout with Philip Ryan. While sitting in the street before his home in Philadelphia, Benjamin Goldsmith, aged 3 years, was run over by a trolley car and killed. Two laborers were killed and nine injured, two fatally, by the collapse of a steel superstructure at the Wood worsted mills, Lawrence, Mass. Despondent because of ill health, Walter Brooke, a farmer, living near Newtown Square, committed suicide by shooting at the home of his brother in Philadelphia.


Article from The Idaho Recorder, September 27, 1906

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NEWS SUMM Fire destroyed the district Cal. ing Minn., open safe, $10,000 Robbers $100,000. blew and of entered Tiburon, escaped. the the bank Joseph Fitzpatrick was killed while he was attemption the Hamilton hotel at Colonel Jakovloff, chief of u fer prison at Warsaw, killed while driving in city. The Liberal, a daily new Havana, has been suspended of the government, and the ed been arrested. According to a dispatch ago, Chile, further earthquete have been experienced between ago and Maule. A cut of cars backed into at Fostoria, O., killing M. C. a prominent manufacturer producer, and his wife. By the collapse of a gara course of construction at Mine I., three workmen were killed seven seriously injured. Five political prisoners have killed and fourteen have been ed in a fight with their guards bin, following an attempt to Hotel Gomez Farias, in Chih Mexico, collapsed while for guests were housed in it, and persons were killed and several ers injured. At Kielce, Russia, 150 privat the Fifth infantry regiment suddenly ill as the result, it lieved, of having eaten poisoned One soldier died. Cicior Davis, a wealthy stock was killed by an unknown four miles east of Porum, I.T. shot from ambush while going a road near his home. Three men were killed at Rush wit Ind., by coming in contact barbed wire fence that had been dentally charged with electricity the plant of a traction company. Two violent and seemingly dis storms visited Johnson county, braska, on the 14th, resulting in death of four persons, fatal injury two and painful injury of five Five men were arrested in Chie on a charge of selling bogus bond various parts of the United State They are said to have incorpora two concerns, one with an alleged ital of $1,000,000. An attempt by prisoners at the diana reformatory to escape was trated by Joseph Edgey, a trusty, found three prisoners releasing from their cells, and single-ham fought them until the alarm raised. Officials of the Canadian Pa railway say twelve persons were and ten injured in a wreck at bury, Canada. All the killed we the colonist car, next to the en of of the west-bound train. Most were harvest hands. Five men were injured, two six horses were killed and the plant of the Illinois Brick com practically destroyed, when a derbolt crashed into two of the est buildings of the South Evan III., plant. A courtmartial at Odessa sente to hanging a Jewish girl named erman, who threw a bomb at P man Poltavchenko without inj him. Miss Shakerman admitted longing to the terrorists, and sa had been determined to kill P chenko because he took part in ish massacres. Theodore A. Bell, a former gressman from the Second dis was nominated for governor Thomas O. Toland of Ventura c was nominated for lieutenant 8 nor by the California Demo state convention. Four masked men attempted to up passenger train No. 311 on Rock Island, near Peoria, Ills., an for the presence of mind of Cond Murray, who disarmed one of the after being struck on the head passengers would have been robt Scores of families will move Zion City, Ill., to a new colony S established in Butte county, of according to R. V. Iverson City, who says the Zionists, tir constant bickerings, will estable but ,new colony and eventually city. A plea of not guilty has beer tered in the probate court at Fir on O., by John D. Rockefeller charge of violating the anti-trus through the Standard Oil com Mr. Rockefeller was not persona court. He pleaded through an ney. rumor said to have started a drunken man A street by National cau run on the Exchange Kan., in The until 7 doors was at Atchison. withdrawn. open o'clock bank which at had nig H $ which time the excitement