7310. German National Bank (Louisville, KY)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2062
Charter Number
2062
Start Date
September 6, 1891
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
73a817d8

Response Measures

Full suspension

Other: No evidence of reopening or receiver appointment in provided articles; closure implied by 'closed its doors after a heavy run.' Some OCR errors corrected (e.g., 'Naional' -> 'National').

Description

Contemporary reports (Sept 6 and Sept 8, 1891) state a heavy run on the German National Bank of Louisville and that it has just closed its doors after a heavy run. Local reporting cites baseless rumor causing depositors to call for funds. No reopening is mentioned; classified as suspension leading to closure.

Events (2)

1. September 6, 1891 Run
Cause
Rumor Or Misinformation
Cause Details
Baseless rumors caused many small depositors to call for their money, triggering heavy withdrawals.
Newspaper Excerpt
It is reported here that the German National Bank of Louisville, has just closed its doors after a heavy run.
Source
newspapers
2. September 6, 1891 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed its doors following heavy withdrawals driven by rumors and depositor distrust.
Newspaper Excerpt
It is reported here that the German National Bank of Louisville, has just closed its doors after a heavy run.
Source
newspapers

Newspaper Articles (3)

Article from Tombstone Epitaph, September 6, 1891

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Article Text

town of Coronel, on the coast about twenty-five miles south of Concepcion. All sorts of excesses have been committed by them. Houses and stores have been sacked and burned. The slightest protest against their actions is met by rifle shots. Women have been abused and subjected to brutalities of the most revolting character. Mob rule in its worst form prevails. BITTTER AGAINST U. S. VALPARAISO-There is no disguising the fact that there is a very bitter feeling against the Americans on the part of the successful revolutionists. This feeling is so strong that unless it is placated in some way, it may seriously affect American commercial interests in Chili for some time, Much pity is felt for the families of the Balmacedist officials who have fled the country, many of them having been left behind friendless and penniless. There will be no fight at Coquimbo. The transport Cocopaco has taken on board a division of troopsand was under orders to sail for Coquimbo today when a formal tender of submission was received from Colonel Calvarro commanding the troops there. BALMACEDA KILLED. NEW YORK-A morning paper prints this: A report has reached here from Santiago that Balmaceda, ex-dictator of Chili, had been killed in the mountains while trying to effect his escape. DECLINES. ST. LOUIS-A dispatch from Austin says ex-United States Senator Reagan has been offered the vacant place on the interstate commerce commission. It is understood here, and is 80 stated by his friends, that Judge Reagan will not accept the office, but will remain in his present position at the head of the Texas railway commission. A BANK CLOSES. INDIANAPOLIS-A special to the News from Jeffersonville, Indiana says It is reported here that the German National Bank of Louisville, has just closed its doors after a heavy run. HOTELS FAIL. NEW YORK -A special from Atlanta City, New Jersey, says: The failure is announced of three of the largest hotels here, the United States, Congress Hall and Cambridge. Very few particulars can as yet be obtained, but the backward season is supposed to be the cause. FOR CO. G. CHICAGO-A plan is on foot by which it is expected to bring 100,000 militia men from the various states to this city during the Worlds Fair. The enterprise is to be backed to the extent of $350,000. THEY WANT FREE TRADE. CHICAGO-L. S. Thurston, ex- minister of the interior in the cabinet of King Kalakua, who isstopping in this city, Mays that the twenty million American capital invested in the sugar business of Hawaii on the strength of the existing treaty with the United States has been without a moment's warning, rendered almost worthless by the McKinley bill. PENNSYLVANIA DEMOCRATS. HARRISBURG-The situation with respect to the democratic convention remains unchanged today. The ticket is Robert E. Wright of Allenton for auditor-general and A. L. Tilden, of Erie for state treasurer. No other names are seriously considered and it will not be surprising if the ticket should be chosen by acclamation to1 morrow.


Article from Tombstone Epitaph, September 6, 1891

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Article Text

have country, many of them having been left behind friendless and penniless. There will be no fight at Coquimbo. The transport Cocopaco has taken on board a division of tioopsand was under orders to sail for Coquimbo today when a formal tender of submission was received from Colonel Calvarro commanding the troops there. BALMACEDA KILLED. NEW YORK-A morning paper prints this: A report has reached here from Santiago that Balmaceda, ex dictator of Chili, had been killed in the mountains while trying to effect his escape. DECLINES. ST. LOUIS-A dispatch from Austin says ex-United States Senator Reagan has been offered the vacant place on the interstate commerce commission. It is understood here, and is 80 stated by his friends, that Judge Reagan will not accept the office, but will remain in his present position at the head of the Texas railway commission. BANK CLOSES. INDIANAPOLIS-A special to the News from Jeffersonville, Indiana says It is reported here that the German National Baak of Louisville, has just closed its doors after a heavy run. HOTELS FAIL. NEW York -A special from Atlanta City, New Jersey, says: The failure is announced of three of the largest hotels here, the United States, Congress Hall and Cambridge. Very few particulars can as yet be obtained, but the backward season is supposed to be the cause. FOR CO. G. CHICAGO-A plan is on foot by which it is expected to bring 100,000 militia men from the various states to this city during the Worlds Fair. The enterprise is to be backed to the extent of $350,000. THEY WANT FREE TRADE. CHICAGO-L. S. Thurston, ex- minister of the interior in the cabinet of King Kalakua, who isstopping in this city, says that the twenty million American capital invested in the sugar business of Hawaii on the strength of the existing treaty with the United States has been without a moment's warning, rendered almost worthless by the McKinley bill. PENNSYLVANIA DEMOCRATS. HARRISBURG-The situation with respect to the democratic convention remains unchanged today. The ticket is Robert E. Wright of Allenton for auditor-general and A. L. Tilden, of Erie for state treasurer. No other names are seriously considered and it will not be surprising if the ticket should be chosen by acclamation tomorrow. The platforms of 1884 and 1888 will be reaffirmed in their declaration for tariff reform. On the silver question the platform will probably declare for a sound and stable currency of a gold and silver basis, both standards to be equal. The contract for supplying the Ins


Article from The Mt. Sterling Advocate, September 8, 1891

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Article Text

The Louisville banks seem to be peculiarly unfortunate in exciting distrust in the minds of their depositors. The banks are probably perfectly und, but the depositors of several more or less uneasy. Wednesday tuessed a run on the German Naional and the German Security banks in the city, and every few days some baseless rumor will make a number of the small depositors call for their money.