7293. City National (Louisville, KY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Start Date
July 1, 1893*
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
f79e9b00

Response Measures

None

Description

The City National (Louisville, KY) is listed among five Louisville banks that 'suspended payment during the recent panic' in late July 1893 and is repeatedly reported to have resumed operations in late August 1893. The articles describe suspension during the national panic rather than an isolated depositor run on this bank, so I classify this as a suspension with reopening.

Events (2)
1. July 1, 1893* Suspension
Cause
Macro News
Cause Details
Suspended payment during the national financial panic of 1893 (referred to as 'recent panic' in articles)
Newspaper Excerpt
one of the five Louisville banks to suspend payment during the recent panic
Source
newspapers
2. August 26, 1893 Reopening
Newspaper Excerpt
The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic, resumed business to-day. The City National and the Merchants' National will also resume within a few days.
Source
newspapers

Newspaper Articles (8)
1. July 29, 1893 The Sun New York, NY
Article from The Sun, July 29, 1893

Click image to open full size in new tab

Article Text

Louisville Adopts New York's Clearing House Certificate Plan. LOUISVILLE. July 28.-The Louisville bankers, at a meeting of the Clearing House Association to-day. decided that the exigencies of the situation make it necessary to adopt the New York plan of issuing certificates. A committee will pass upon the collateral of banks needing help. and if found good will issue the checks. It is now certain that two of the five suspended baks-the Merchants' National and the City National-are in shape to resume in a few days. The Fourth National hopes to do the same, but the Kentucky National and Deposit banks will almost certainly go into liquidation.

2. August 9, 1893 The Sun New York, NY
Article from The Sun, August 9, 1893

Click image to open full size in new tab

Article Text

Louisville Banks Getting Rendy to Resume. LOUISVILLE, Aug. 8.-Three out of the four suspended national banks of this city will resume. The Fourth National will be the first to open its doors. It has made arrangements to open on next Monday. Its capital stock is unimpaired. and it has already. 60 a director said this afternoon. raised the necessary money for resumption. The City National and Merchants' National are also in good condition. and their officers say that they will resume in a few days.

3. August 27, 1893 The Morning News Savannah, GA
Article from The Morning News, August 27, 1893

Click image to open full size in new tab

Article Text

A Louisville Bank Resumes. Louisville, Ky., Aug. 26.-The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic, resumed business to-day. THREE OTHERS TO FOLLOW. The City National and the Merchant National will also resume within a few days. An informal meeting of the stockholders of the kentucky National Bank will be held to discuss the matter of re-opening that institution.

4. August 27, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 27, 1893

Click image to open full size in new tab

Article Text

NATIONAL BANKS TO RESUME BUSINESS. Chicago, Aug. 26.-At a meeting of the stockholders of the National Bank of Kansas City, held here yesterday, It was unantmously decided to resume the business of the bank. Sixty-five stockholders repre. senting over 6,100 share-about a two-thirds Interestwere present. A careful Investigation showed the affairs of the bank to be In excellent condition, and by a unantmous vote the bank was declared solvent. Ways and means for the management will be sought at once and the bank will reopen within twenty days upon the policy laid down by the Controller In his recommendation. Louisville, Ky., Aug. 26.-The Fourth National Bank, one of the few Louisville banks which suspended payment during the recent pante. 'resumed business to-day. The City Nath nal and the Merchants' National will also resume within a few days. An informal meeting of the stockholders of the Kentucky National Bank will be held to discuss the matter of reopening that institution.

5. August 27, 1893 The Sun New York, NY
Article from The Sun, August 27, 1893

Click image to open full size in new tab

Article Text

Bank Doors Reopened. LOUISVILLE, Aug. 20.-The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic, resumed business to-day. The City National and the Merchants' National will also resume within a few days.

6. August 28, 1893 The Providence News Providence, RI
Article from The Providence News, August 28, 1893

Click image to open full size in new tab

Article Text

National Banks Reopen. LOUISVILLE, Auz. 28.-The Fourth National mank. one of thefive Louisville banks to suspend paymentduring the recent panic, has resumed business. The City Nationat" and the Merchants National will also resume in a few days. CRICAGO, Aug. 28,-At a meeting of the stockholders of the National Bank of Kansas City it was unanimously decided to resume the business of the bank.

7. August 31, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, August 31, 1893

Click image to open full size in new tab

Article Text

Coming Around All Right. LOUISVILLE, Ky., Aug. 31.-Two more suspended banks, the City National and Merchants National, resumed business yesterday.

8. September 8, 1893 The Columbian Bloomsburg, PA
Article from The Columbian, September 8, 1893

Click image to open full size in new tab

Article Text

FRIDAY, SEP. 1. An unknown laborer was killed by a train on the Long Island railroad near Springfield. Eleven-year-old Mary Mitchell was fatally burned at Brooklyn by the ignition of a cup of varnish. Hattle Stratton, a beautiful and accomplished young woman, has been arrested at Port Townsend for smuggling opium. Frederick Brooks, jr., aged 16, was probably fatally in jured at Mount Vernon by being thrown from a horse and kicked on the head. Frank A. Lewis, of New York, was arrested at Cottage City, Mass., for obtaining money under false pretenses. He is a native of Paterson, N. J. Emma F. Bachman, aged 29, wife of a Jersey Central engineer, cut her throat with a butcher knife at Morse's Mills, N. J. She left three children. The longshoremen's strike at New York is over, the men having yielded and applied for work. More than 60,000 miners returned to work in Wales yesterday. About 40,000 men are still out. Two more suspended banks of Louisville, the City National and the Merchants National. have resumed business. It required 1,793 ballots to nominate H. S. Bundy for Congress at Ironton, O. The Monmouth Park Association has commenced a libel suit against the New York Times and the New York Tribune for $100,000 damages.