Bank of Thibodaux - Thibodaux, LA

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: *
Location: Thibodaux, Louisiana (29.796, -90.823)

Metadata

Model: gpt-5-mini
Short Digest: b1bf0954

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions

Other: Management held a meeting of depositors and promised assistance; paid out deposits and called funds home.

Description

Article (poor OCR) describes heavy withdrawals during a wider financial crisis and the bank taking measures (issuing 60-day paper, calling a depositors' meeting) but paying obligations and remaining open. Cause appears to be the broader 1893/1894 financial panic (macro/systemic). Date of the specific run is not given in the excerpt; newspaper published 1894-06-23 and text discusses events in October/December of the panic period.

Events (1)

1. * Run

Cause: Macro News
Cause Details: Withdrawals driven by the wider national/international financial panic (panic spreading from New York and Europe); references to gold reserve, New York, and general panic.
Measures: Called a meeting of depositors and management; issued/authorized sixty-day paper (limited payments), pursued conservative management and paid obligations
Newspaper Excerpt: During the crisis, Bank of Thibodaux... we had paid every dollar... statement showed deposits... paid every dollar
Source: newspapers

Newspaper Articles (1)

1. June 23, 1894 The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District Thibodaux, LA

Article from The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District, June 23, 1894

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Article Text

THE 1 varied and complicated of the Barring antedating the failure brought about by the which was of Argentine Bank of securities. England had not to their reseue. and depreciation promptly Bros., come the of assum- the liabilities, the extent cannot ing their to banking confidence be came the Australian of Then 460 millions agitation. even sheck surmised. failmes, Euro- the U tying pean money (11) some the gold silver reserve in the falling below the reserve of its 100 tendency to make foreign as All both from S. Treasury had of the million dollars necessity. conservative is capital wary. confidence. life well as want of blood of all the very many auxiliary which finance. canses. of gold reThese. with about the withdrawal until the brought the U. S. Treasury encroached in securities doubtless serve from upon, American with this. the washeing same the banks being everely heldabroad. the payment strain would Still that of have held up under to bear on them, was being brought the withdrawals for as but then came thus taking channels the money of trade hearding; out of the Then. completely never in existence. and as if not it were until en. did some the called to take banks excessive protec- feel Heroic upon measure for matual the depositor, and until tion to the the panic bank stricken and dei ositor really Early returned in the take to his season, this senses. precaution. New York was and by the first to was followed rabilly doing so. this action cities : those not was other saw their large error only after failure inevitable. panie spread through alarming the rapid- East. This and West with stood the test while the it and did so better, ity, North and the with crisis. less South and failures, when, hoped gobly in to avert the panie struck Denver. time. her oldest time than honored two institutions followed within This was terrible less and till days had expe: sue- it or two and rience day cumbed. at did Louisville, by our the same neighboring then, to city take and of not Orleans feel called but as New measure, the extreme heavily during any until. upon promptly they last were losing named, they acted payment few days making a limited was not till and nobly, withdrawals bank It took any ac on this all time that our heavily in depostion, although losing in New Orleaus its. supply the initation closed to us almost in round we had dollars. our In currency an By paid inconceivably out, was short numtime 100 Thousand our obligation bers. We further issued but so rapidin four that all we recuperate, sixty days called ly for payment of issue, payable did months, within although had been after the first date time was paying under New Orleans the limit, at that although paying more of freely. At the time of our a meeting suspension as with was call- one regular the depositors. the manage ed, and payments, confidence in approval of voice, voted the bank and an promised to ment of taker. They pursued by the assist the course in the management course of do the this. bank, conserva vative and ruly did cloud they was first and When well the financial all banks began the horizon. themselves for seen eo near take in in in sail, readiness and storm. make as possible as the About approaching the middle of October, and, having I went days to Chicago, we in any for a few for all the the next arranged emergency, arrival funds home. should an- all I morning want after my to take off full, nounced our readiness deposits in limitations, also to call of and as ready paying The result in for all his this our de the 1 posit. step time was, obligations. and that that no presented but one few called of for the payment time ob a were to retain them they bor we had this when new ed were about $55,000 had paid every dollar, came, leaning the , : A statement showed made our in deposits muel ligations December, During holder we interest. preferring freely. period but previous. middle borrow yea dur ano o higher most than noteworthy the year fact a share is, that of was th ing A all of this the crisis, Bank not of Thibodaux Daring stock offered for these sale. trying "holding times our our princi de