Southern Bank of Alabama (Mobile, AL)

Episode Information

Episode UID
7414976890694
Episode Type
Run Only
Bank Type
state
Bank ID
741497689 hash
Start Date
October 16, 1857
Location
Mobile, Alabama (30.694, -88.043)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
791b7deceb183c58

Response Measures

None

Events (1)
1. October 16, 1857 Run
Cause
Rumor Or Misinformation
Cause Details
A small, apparently unfounded run/attempted withdrawal that did not materially affect the bank; no insolvency cited
Measures
Teller's desk kept supplied with gold and silver; demands met and quiet restored
Newspaper Excerpt
A small run was attempted upon the Southern Bank ... a large number of bill-holders crowded the bank soon after its opening
Source
newspapers

Newspaper Articles (2)
1. October 19, 1857 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, October 19, 1857

Click image to open full size in new tab

Article Text

FINANCIAL IN MOBILE.-The Advertiser of Saturday says: A small run" was attempted upon the Southern Bank yesterday, but it did not amount to much. A large number of bill-holders crowded the bank soon after its opening, but as the Teller's desk was fortified by a Malakoff of gold and a Redan of silver, and as the demands of the claimants made no perceptible impression upon the fortress, the struggle soon ended, and quiet was restored. There is no likelihood now of either the Mobile or the Southern Bank suspending. The Mobile Savings Bank publishes in the papers of that city a statement of its affairs, placing its assets at $353,194 6S, and its liabilities at $293,438 78, thus leaving a surplus of $59,755 90, with discounted notes and drafts to the amount of $280,605 75 daily falling due.

2. November 6, 1857 The Athens Post Athens, TN
Article from The Athens Post, November 6, 1857

Click image to open full size in new tab

Article Text

AN UNPROFITABLE RUN.-We learn from the Mobile Advertiser, that a small 'run' was attempted on the Southern Bank of Mobile on the 16the ult, but it did not amount to much. A large number of billholders crowded the bank soon after its opening, but as the Teller's desk was fortified by a Malakoff of gold and a Redan of silver, and as the demands of the claimants made no perceptible impression upon the fortresses, the struggle soon ended, and quiet was restored. There is no likelihood now, says the Advertiser, of either the Mobile or the Southern Bank suspending.