6949. First National Bank (Parsons, KS)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
1951
Charter Number
1951
Start Date
October 2, 1873
Location
Parsons, Kansas (37.340, -95.261)

Metadata

Model
gpt-5-mini
Short Digest
e461d2ef

Response Measures

Accommodated withdrawals

Description

Multiple contemporary dispatches (Oct 2/3, 1873) report the First National Bank of Parsons withstood heavy runs and paid currency to all depositors and remained open and able to meet claims. The runs are described in the context of the wider 1873 financial panic, so classified as macro_news-driven. No suspension or closure is reported.

Events (2)

1. March 29, 1872 Chartered
Source
historical_nic
2. October 2, 1873 Run
Cause
Macro News
Cause Details
Runs occurred as part of the wider 1873 financial panic affecting many banks; article places runs in that context.
Measures
Paid currency to all depositors; met withdrawals
Newspaper Excerpt
The First national bank of this city ... have withstood heavy runs, paid rency to all deposit and are abund antly able to meet all claims
Source
newspapers

Newspaper Articles (3)

Article from Memphis Daily Appeal, October 3, 1873

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Article Text

ny CINOINNATI, October 2.- -There is nothing partic cularly new here in finan cial circles. Thing are working quietly Third street The general markets are overing from their depr and the demand for some definite action relative to an early currency resumption increasing. Fit Subjects for Bankrupt Court. NEW YORK October Judge of Blatchford, complaint Henry Myers. has an order citing George B. Grinnell & Co. to show cause wh should not be declared bankrupts. The firm is enjoined from disposing of property, and the creditors enjoined from selling the securities the firm. A Couple of Panic-Proof Iron Safes, PARSONS. KA. October The First national bank of this city and the First national of Denison. Texas. are the banks in the southwest that have not failed suspended. These banks have withstood heavy runs, paid rency to all deposit and are abund antly able to meet all claims Fever No at Marshall, Texas, LITTLE Rock, October The Ga sette to-night received the following dis patch denying the report of yellow fever at Marshall Texas. October TEX AS, Rock Little The report that we have yellow -fever here false, There none here. HALL, [Sigued] Mayor. Salt Lake Items. SALT LAKE, October 2.- The Territo rial agricultural fair opened here to-day The display animating the fruits and domestic products unusually fine, and the attendance large The semi-annual conference of the Latter-Day Saints will commence Mon day next The purchase of bullion is almost en tirely suspended on account of the tight money market. The weather is grow ing cold. Little Rock The Caire FRIE LITTLE Rock. October Everybody take refuses now money city here in circulation little There greenbacks and the stringency money matters before. known Judge Caldwell, of the United States to refused grant district court, an junction restraining the Cairo and Ful ton railroad company from proceeding with the erection the bridge now ing built across the Arkansas river this point A Couple of Fires. TOLEDO OHIO, October The fire last night destroyed T. N. Trowbridge stave and factory & Sou's barrel ten thousand dollars: insurance four thousand dollars Another fire this morning destroyed the manufactory of moulding and pi ture-frames, owned by Osborn, Chase Swayne also the Toledo pump com and manufactory Russell pany Thayer's novelty works. Loss not certained The New Capitol of Michigan. The October DETROIT new of the the laying Michigan State capitol building Lansing to-day in the pres ence of forty people. under the auspices of the Masonic fraternity and military. The building will cost million three hundred thousand dollars when An able oration was delivered by Hon Wm. A. Howard mainly in review of the history Michigan and a presentation of its reChienge Financially Healthy October Financial CHICAGO and commercial matters here continue imeverything proving, appears and rapidly settling back into normal and healthy The banks are daily increasing in strength and the demand and prices active for higher grain is rumor affoat There this afterset noon fresh outbreak of the financial New York and in of panic Liverpool, but was put in circulation for speculative purposes, and though under its influence wheat dropped on the open board three four cents per bushel, the decline was covered at the close. The Death-List Sh report for Two Days. NEW ORLEANS, October 2. The interment yesterday were John Bertrand white, 38 Charles Herne, age Rev Father Gergard, 42; Miss Bettie McCall 22; Woodruff 30: Charles W Lewis, Edward Schaeffer, 16. The interments to-day were: Johanna Thorn. John Smith 27 John Pierce, Mary Griffin and Whitset Delany no age given Mrs. H Mitchell Lafavette McCall, Mattie Mundy. months Blac ekstone, 19: Henry Dreyfus, Martha Reggens, colored, 22 Total, whites, colored. Financial Matters in Dubuque, Iowa DUBUQUE, October meeting the stockholders of the Merchants national band. C H. Booth cashier. R. Babbage and G. W Mitchell W. Sheffield, to settle the affairs of the bank. Notice was then issued that matured collect ions held by this bank belonging to its corres dents, will be handed to the Commen national bank Dubuque, to whom all letters pertain thereto should be and the notice signed by C H Booth, cashBabbage's defal ation two hunand sixty-seven thousand dollars Sheffield's, sixty-two thousand dollars The Financial at Columbus, Ohio. COLUMBUS October 2. The financial situation begins to look little mixed here. There has been disposition part depositors yesterday and to day to withdraw deposits, and last night the bankers of the city held meeting but two were bank and represented. to was issue agreed -house clearing on the agreement this rangement by the presidents of banks not represe at the meeting. This morning second meeting was held, when word was recei ved that Hayden's bank and Citizens' savings bank declined to go into any for the protection of other banks. and a third meeting will be held this evening. The excitement is increasing Kausas Money Matters. TOPEKA Ks., October At a meeting of the prominent business men of city, were adopted to the effect that the eastern banks having to suspended protect thempayment and the cities which they are located from being drained of purrency such measure has caused the merchants of such cities draw western customers the express companies, demanding payments currency. This draining the west. and the banks of this city which have not suspended, but are doing their best meet all demanda, and sustain our merchants in their payments and as sist in preventing the spread of the panic the west. Wedeem duty to sustain our banks in their efforts,and that we positively decline any collections on us sent through ex press companies official of Admiral Winslow's Death W ASHINGTON, October 2- The folgeneral order lowing announcing the death of Rear Admiral Winslow has been issued NAVY DEPARTMENT WASHIN The department. with deep regret, has nounce to the naval service the Real amiral John Winslow name of this distinguished officer


Article from The Wheeling Daily Intelligencer, October 3, 1873

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Article Text

KANSAS. PARSONS, Ks, Sept. 2-The First National Bank of this city and the First National of Dennison, Texas, are the only banks in the south west that have not failed or suspended. These banks have withstood heavy runs and paid currency to all, and are abundantly able to meet all claims. A large meeting of the settlers of Osage lands was held yesterday at Osage Mission, at which Gov. Osborn delivered an address on the subject of the relations between the government and the occupants of these lands. The cholera is abating in Dennison, and the people are returning to their homes. There is a large amount of cotton at Dennison awaiting shipment east, but holders cannot move it for lack of banking facilities. The crop of Northern Texas is very fine, and great quantities of the staple will come forward as soon as the financial panic is over.


Article from The Wheeling Daily Register, October 3, 1873

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Article Text

KANSAS. Two Sound Banks. PARSONS, October 2.-The First National Bank of this city, and the First National Bank of Dennison, Texas, are the only banks in the South west that have not failed or suspended. These banks have withstood heavy runs, paid currency to all depositors, and are abundantly able to meet all claims. A very large meeting of the settlers on the Osage lands was held yesterday at Oeage Mission, at which Governor Oeborne delivered an address on the subject of the relations between the Government and the occupants of these lands. Cholera is abating in Dennison, Texas, and the people are again returning to their homes. There is a large amount of cotton at Dennison waiting shipment east, but holders cannot move it for lack of banking facilities. The crops of Northern Texas are very fine, and great quantities of staple will come forward as 8000 as the financial panic is over.