City National Bank (Grand Rapids, MI)

Episode Information

Episode UID
81200885
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
8120 national
Charter Number
812
Start Date
September 27, 1873
Location
Grand Rapids, Michigan (42.961, -85.656)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
31551edb352a275a

Response Measures

None

Description

Bank joined a joint limit-on-payments notice but rescinded and paid in full the same day.

Events (3)

1. February 17, 1865 Chartered
Source
historical_nic
2. September 27, 1873 Suspension
Cause
Macro News
Cause Details
Precautionary limits on large payments amid the wider financial panic of September 1873; bank rescinded restriction and paid in full same day.
Newspaper Excerpt
Five banks in this city ... joined in a published notice this morning that until further notice they would not pay checks or certificates for large amounts, but at 2 o'clock the City National published a notice rescinding its part in that arrangement, announcing its readiness to pay in full all checks drawn against deposits hereafter.
Source
newspapers
3. January 21, 1885 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Chicago Daily Tribune, September 28, 1873

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Article Text

WESTERN COUNTRY BANKS. KEOKUK. Special Dispatch to The Chicago Tribune. KEOKUK, In.. Sopt. 27.-The Commercial Bank suspended yesterday. In consequence thereof there was a run to-day on all the other banks of the city. The excitement was greatest at the savings bank, where a largo crowd of anxious depositors assembled. The rule requiring notice of the withdrawal of time doposite was adhered to, but all other demande were promptly responded to. Frequent deposits were niado by those who had confidence in the ability of the bank to meet all its obligations, Before noon the excitement began to subside, and by 3 o'clock was entirely over. At the close of business the bank had more money in the vaults than when it commenced tho day's business, the deposite having exceeded the amount drawn out. The other banks honored all checks drawn upon them, and in addition mado some advaucce for business purposes. They remained opeu for an hour after the usual time Monday to satisfy the public of their readiness to meet all demands. DAVENPORT, IOWA. Special Lismatch toThe Chicago Tribune. DAVENPORT, Iowa, Sopt. 27.-There is but little new to report in monoy matters here today. The banks opened as usual this morning and had little to do. There has been no discounting, and the number of certified checks issued has been small. Corporations and other* employers discharged their pay-rolls as usual this afternoon, and the monthly wages of the teachers in the city were paid to-day. Novertheless, trade is very dull. Markets of all kinds are very much depressed, and the scarcity of money is a aubject of general talk. There was a disposition of depositors in the city savings banks to run heavily on tho banks to-day, but they were in a great measure restrained by the good counsols of the bank men, and of the Rev. Father Congros, Catholic priest here. There has been little excitement to-day, and everybody BOOMS to be doing all that is possible to get back to where we were before the panic. The banke will adhere to the plan, paying no more than $100 checks on Monday. EAST BAGINAW. Special Dispatch to The Chicago Tribune. EAST YAGINAW, Mich., Sept. 27.-The banks of the Saginaw Valloy, at a meeting held here yeHterday, at which fourteen banks were reprosented, having resolved to pay out no more currency than the necessity of trade demanded, a meeting of citizens representing a largo portion of the business mon of this city and millions of dollars was hold this ovening to indorse the action of the banks. The meeting was unanimous, and resolutions expressing confidence in the banks, and a pledge to stand by them, was adopted without a diesenting voice. At B meeting of the lumbermen and salt manufacturers, held at Bay City. to-day, it was resolved to reduce tho price of labor 12) por cent for mon employed in the woods this winter. Unless other action is taken, the same will apply to mill-hands and salt-boilera next season. The Directors of the Tittabawasoo Boom Company, who operate the most extensive booms in the country, took the same action ut a meeting In regard to the prico of labor. GRAND RAPIDS. Special Dispatch to The Chicago Tribune. GRAND RAPIDS, Mich., Sept. 27.-Five banks in this city, namely : the First National, City National, Dutch Bank, Fuller's Bank, and Graud Rapide Savings, all joined in a published notice this morning that until furthor notico they would not pay chocks or certificates for large amounts, but at 2 o'clock the City National published a notico rescinding its pait in that arrangement, announcing its readineas to pay in full all checks drawn aga instdoposite horeafter. There has been no indication of a run at any time. The several large manufactories and other business establishments which pay oniployos on Saturday all drow the full amount of their pay-rolls from their respective bauka, and paid off as usual. There were no fears to the contrary. No apprehension is expressed of any disturbance to the morcautile or manufacturing interests here. SPRINGFIELD, ILL. Special Disputch to The Chacago Tribune. SPRINGFIELD, III., Sept. 7.-Our banks passed through this day triumphantly, paying out more money, it is true, than ordinary days; but at no time WAS there any rush or excitement, and at no one time was there to exceed B dozon perBODB in any one of the banks. The feeling horo is quieter than sinco the crash began, and unloss Home unlooked-for event should ariso, the worst may be considered over horo. The bankare are confident that they will be ablo to meet all the demanda that will be made. OBHKOBH. Suecial Dispatch to The Chicago Tribune. , Sept. 27.-The financial crash causes


Article from Grand Rapids Morning Telegram, February 19, 1885

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Article Text

YESTERDAY'S COURTS. CIRCUIT-People V. Richard Sligh, Wm. Madden and Thomas Jennings. Burglary and larceny. On trial. OFFICE BUSINESS-Libbie Randall V. Harvey H. Brown. Assumpsit. Appeal from Justice Miller of Cedar Springs. Martin Condon V. Theodore Wisner. Trespass. Appeal from Justice Atherton of Sparta. Washington B. Bowman V. L. H. Wilkinson. Replevin. Appeal from Justice Lapham of Rockford.- Pattie A. Filkins V. John A. Filkins. Bill for divorce filed. SUPERIOR-Grand Rapids National Bank V. Robert Cutler, principal defendant, and Old National Bank, garnishee defendant. Assumpsit. Judgment for plaintiff against V. garnishee for $384.14.-Same Plaintiff Same Principal Defendant and City National Bank as garnishee defendant. Order and judgment upon disclosure and appointment of J. Frederic Baars as receiver. PROBATE.-Estate of Anthony Hannink, deceased. Taking testimony on motion to admit will to probate; adjourned to Feb. 25.- Estate of Eva Aray, minor. Guardian's ninth annual account filed. March 11 set for hearing. Estate of Otto T. D. Friedrich, deceased. Executor's first annual account filed.- Estate of James M. Watt, deceased. Partial proofs on probate of will taken, and adjourned to Feb. 26. William T. Moarman appointed special administrator. Bond filed and letters issued. Appraisers warrant issued to Washington Judson and John Davison. Order granting license to sell real estate. POLICE.-James Cunningham, drunk; fifteen days in ail-Barney Callahan, drunk: twelve days in jail.- John Labache, drunk; $5.35. Nelson Wood, larceny less paid than $25; ninety days at Ionia House of Correction. JUSTICE SAUNDERS.-Samuel Past V. Jacob Shaffer and Frank Beir. Assumpsit. Adjourned to Feb. 26. George A. Hess V. Henry Covell. Trespass on the case. Adjourned to Feb. 28.-James Gallagher V. James Westbrook. Trespass on the case. Settled. JUSTICE BROUWER.-Nelson Bros. & Co. V. Joseph H. Marshall. Assumpsit. Adjourned to Feb. 21. -Wm. Furlong V. J. H. Paine, as principal defendant, and A. R. Antisdel as garnishee defendant. Held open for disclosure. JUSTICE HOLCOMB.--Behrend W. DeLeuw V. Albert Bosmer. Assumpsit. Issue joined and adjourned to Feb. 21 at 9 a. m.