Boston National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 408
Charter Number: 408
Start Date: December 3, 1890
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 09706548a6a1e6d5

Response Measures

Public signal of financial health, Capital injected

Description

Article (Dec 3, 1890) reports a short-lived run triggered by a cashier's shortage; withdrawals ceased after announcement that the shortage was made good. No suspension or closure mentioned.

Events (3)

1. April 30, 1864 Chartered

Source: historical_nic

2. December 3, 1890 Run

Cause: Bank Specific Adverse Info
Cause Details: Cashier W. Fl. Thornell was reported short in his accounts; that news prompted withdrawals until the shortage was announced as made good.
Measures: Public announcement that the cashier's shortage had been made good, which stopped the run.
Newspaper Excerpt: A run commenced on the bank, but was stopped in a short time by the announcement that the shortage had been made good.
Source: newspapers

3. December 8, 1898 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. December 4, 1890 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, December 4, 1890

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Article Text

A Cashier's Shortage. SEATTLE, WASH., Dec. 3.-Financial circles were somewhat agitated yesterday by the statement that W. FL. Thor. nell, cashier of the Boston National Bank, was short in his accounts. A run commenced on the bank, but was stopped in a short time by the announcement that the shortage had been made good. Thornell came here in 1882 from Denver. He is now sick with typhoid fever, and the amount of the shortage is not koov. He will not be arrested.