Lexington City National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 906
Charter Number: 906
Start Date: January 8, 1885
Location: Lexington, Kentucky (37.989, -84.478)

Metadata

Model: gpt-5-mini
Short Digest: 4ff89aa6

Response Measures

Accommodated withdrawals

Description

Article (dated Jan 9, 1885) reports a defalcation by the assistant cashier and a run on the bank on Jan 8 that was promptly met; no suspension or closure is mentioned.

Events (2)

1. March 17, 1865 Chartered

Source: historical_nic

2. January 8, 1885 Run

Cause: Bank Specific Adverse Info
Cause Details: Defalcation/embezzlement by assistant cashier James G. Scrugham led to loss and loss of confidence.
Measures: Run was promptly met; heavy deposits by private parties restored confidence.
Newspaper Excerpt: The run on the bank yesterday was so promptly met that it didn't amount to much, and some quite heavy deposits were made by private parties.
Source: newspapers

Newspaper Articles (1)

1. January 9, 1885 Wheeling Register Wheeling, WV

Article from Wheeling Register, January 9, 1885

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Article Text

LEXINGTON BANK DEFALCATION. Amount Stolen by the Assistant Cashier Not Exactly Known. LEXINGTON, Ky., January 8.-The excitewent over the detalcation iu the Lexington City National Bank by James G. Scrugham, now in Canada, is subsiding somewhat. Yet there is a good deal of uncertainty about the real amount with which he got away. The cashier, James M. Graves, asserts that he had full access to the vault and that the funds are found apparently correct, and that the loss cannot possibly exceed more than forty or fifty thousand dollars. The run on the bank yesterday was so promptly met that it didn't amount to much, and some quite heavy deposits were made by private parties. There is some uneasiness over the uncertainty as to whether credits have been given for heavy deposits prior to the fight of Serugham. The feeling still exists that the half of the crooked ness has not yet been discovered, leading to general lack of confidence and some worse suspicions.