8432. Third National Bank (Baltimore, MD)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
814
Charter Number
814
Start Date
August 20, 1872
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
75a01f9d

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions

Other: Robbery of vault preceded crowd and threatened run; authorities borrowed funds from other banks and posted guards.

Description

A large robbery at the Third National Bank (Aug 20, 1872) sparked crowds and rumors that the bank had failed, prompting a threatened run and heavy withdrawals. Officers borrowed funds and paid some accounts; confidence was restored and the bank did not suspend operations in the coverage. I corrected OCR errors in quoted material but did not change names/dates.

Events (3)

1. February 17, 1865 Chartered
Source
historical_nic
2. August 20, 1872 Run
Cause
Rumor Or Misinformation
Cause Details
A daring robbery (vault broken and large losses) became public and circulating rumors spread that the bank had failed/closed, prompting crowds and threatened withdrawals.
Measures
Borrowed $486,000 from other banks; police guard placed at entrance; officers paid a few accounts and exhibited solvency to quiet the public.
Newspaper Excerpt
In anticipation of a run, $486,000 was borrowed from other banks, but it was soon generally understood that the surplus of the bank was fully sufficient to meet the emergency, and confidence was restored.
Source
newspapers
3. January 31, 1911 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Wheeling Daily Register, August 21, 1872

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Article Text

BALTIMORE. Particulars of the Great Bank Robbery. BALTIMORE, August 20.-The following further particulars regarding the robbery of the Third National Bank have been ascertained The amount of the loss is variously estimated at from $200,000 to $250,000 in money bonds and other valuables. On Saturday when the bank closed, at 3 P.M., the paying teller, N. B. Mederary, deposited in the vault money to the amount of $6000 in notes, and clearing house receipts from the Uniou Bank representing about $20,000. The receiving teller added to this $7700 in money, and $18,500 in railway and government bonds. There was already in the vault a considerable sum of money, also plate, bonds and securities, the value of which is yet to be ascertained. Watchman Burnett was on watch as usual, and nothing was apprehended. Yesterday morning two ladies applied at a rather early hour, to the teller, to cash a check. Proceeding to the vault he found all his efforts to unlock it unavailing, and sent for the manufacturer to force the lock. Upon 'entering the vault, three out of four of the safes were found broken open. the contents having been carried away. A piece of the iron plate about two feet sqaure was cut out from the side of the vault, and in Gittings' house, adjoining, the wall, four feet thick was largely broken down. In the rooms in Gittings' building were found bars of iron, timbers, jackscrews, burglar's tools: and in the next apartment a number of baskets filled with bills payable, to the amount of six hundred thousand dollars, checks, bonds, stocks and other securities of which the robbers could not advantageously dispose. Three hundred dollars in currency was left, perhaps being considered a tritle beneath notice in such a heavy haul. Lunches of chicken and toast, partly empty bottles, half smoked cigars and various articles of clothing were strewn about, indicating a free and easy time on the part of the accomplished villains. An examination into the affairs of the bank showsthe aggregate loss to be $237,000, which is said not to cover all the lose. In anticipation of a run, $486,000 was borrowed from other banks, but it was soon generally understood that the surplus of the bank was fully sufficient to meet the emergency, and confidence was restored. No developments have yet been made by the detectives.


Article from The Charleston Daily News, August 22, 1872

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Article Text

1872. 22, AUGUST MORNING, THURSDAY CHARLESTON, monds from work in day time, relying upon the noise to THE AMERICAN GOLCONDA. this city, and A REMARKABLE ROBBERY. deaden the sound of their labors, and this supsoon after 8 got them in position would seem to be confirmed by out, and the dentials not STORY OF THE MAN WHO SAYS HE statement made, that OR Sunday week last, a fraud. The HAPPENED TO THE THIRD NAMr. Joseph Manning, a clerk, heard a noise roposed that DISCOVERED THE DIAMONDS. ton to get TIONAL BANK OF BALTIMORE. whilst in the bank, and his companion. Mr. G. speech from less, and who W. Hussel, runner for the bank, took the prewas voted It they sent Two Strong Walls and an Iron-Cased Rush in San Francisco to See the Diacaution to arm himself a revolver and the grounds monds-The Jewels Hidden from Vault Cut Through-Noney and Se. search the vault. All was found as safe as here until curities Valued at over $150, Cap. usual, however, and nothing new occurred Sight-Old Tom Miner and What he Sawyer on on diamonds till Saturday last, when Mr. Canby, a director, tured and Carried Off-Robbery ReSays-A Fight for the Possession of part of the ovited to adalso heard a noise, but concluded it was from duced to an Absolute Fine the Diamond these ground a distillery near by. All those hammerings way from Particulars. were doubtlees from Stabler Co., 80 called, nothing in fields In the but being beyond two walls no suspicions [From the San Francisco Chronicle, August 4.] tain these picked up were created. [From the Baltimore Sun, August 20.] The diamond excitement continues with by us. for the tle him to a a RUN THREATENED. Yesterday morning, shortly after ten o'clock, tity, and the scarcely any abatement. The trustees yesterIf Sawyer monds cut Whilst the examination of the premises was there was discovered at the Third National day withdrew the Jewels from exhibition, and he mandate they say the going on the news had spread like wild-fire, Bank, on South street, No. 32, one of the most will hereafter keep them in the vault of the takes from fo as stated in and large concourse of people had gathered daring, extensive, and, to use a detective's exin the street. They crowed the bank In such mond, accord Bank of California. The reason assigned for to-day, that numbers that it was found necessary to close pression, "artistic" bank robberles recorded this action is that the rush of people greatly a certain the doors and place a police guard at the enin modern times, fully equal to, If not surpassWhile dow hindered the transaction of business in the he for one trance. This action only tended to create the and, accordin ing, the famous robberles recorded and much more intense excitement, and the circulation office, and was great inconvenience to the had been every man talked about in New York and Boston within of a rumor that the bank had failed and closed secretary and Mr. Lent. Hundreds of people r as a fool, are all living its doors soon brought many depositors to the the past are years; and to say that said distheir rights. yeeterday mounted the stairs and wended down from epot. In the meantime the bank officers had and shall stat covery created the most intense excitement their way to the office of the secretary to get not been idle. Anticipating this very trouble, on a blackexpedition scarce tells the story. The news spread abroad they arranged for pressure were very a view of the jewels, notwithstanding the fact he orders by of them. like a contagion, and in an incredibly short promptly by the Merchants' and Farmthat a notice of the removal of the stones was title to the Sawyer had ers', the Citizens' and the Mechanics' banks, time crowds of people had assembled to learn is impossible posted at the door. The trustees say the exand the prompt payment of a few accounts n, and now secret of something about the robbery of "John S. Git citement has been raised without their connipresented soon quieted the furor, and it beh he had If they have came known that the assets were far in excess tings's bank," an institution well known. It have We vance, and they only allowed the gems to be bor Ignorant of the amount of loss, or the liabilities with it. proved, however, as was shown by they exhibited from mere desire to gratify the by South. If THE BANK'S LOSS. THE FIRST DISCOVERY, determined natural cariosity of the public; and having exise the conDespite the excitement in front of the bank hibited them for two days, they do not desire same they ha that It was not Gittings' Bank that had been nected with the better the officers within were quietly proceeding to be annoyed by the rush of people any victimized, but the Third National Bank, as with an investigation and endeavoring to get country on longer. above stated, located in the adjoining buildat the exact amount of loss Inflicted by the ver and cop There is still a great difference of opinion Ing, the old banking house of Gittings & Co. his motion facilities and burglars. A meeting of the directors was among brokers and others with regard to the having been closed some months since, and a he question held, and 10 them the clerks submitted truth of the report+ of the discovery, and many the building let on June 1 to a party known statement abowing that there bad been deprefer to wait until they know more about it as Stabler & Co., who, it is universally beMiner spok posited in the vault on Saturday night $55,000 before investing in the enterprise. But there lieved, are the guilty ones in the daring robothers, and he claims the in national currency and $18,000 In bonds as are others who 80 firmly convinced ot the bery. appears that Mr. N. B. Medairy, the as taken the original follows: Northern Central Railroad, $2500: truth and integrity of the owners and correctreceiving teller, was the first prominent off. Incorporation North Carolina State, $11,500; Marietta and ness of their reports, that they are willing 10 lickering all cer to reach the bank yesterday morning, and no title to Cincinnati Railroad, $1000; United States risk almost any sum in the enterprise. The in semiwas applied to by two ladles for the payment end they hav stock has all been taken and there is still a 5-20 $1500; Western M ryland Railroad, of a small check. He proceeded to open the the men who recess was $2000. In addition to the above, Mr. N. B. cry for more, but none Is offered for sale. vault of the bank, when was found that the says man General Gashwiller has secured twenty-five Medairy, the paying teller, states that there lock of the outer door, working with combithem to the were $20,000 in clearance certificates from the hundred shares of the stock, and would no nation knob, would not work. First one, alf-past ten when they Union Bank also deposited. All the above doubt take more if he could get It. He took then another. of the clerks were called to lock to-mordiscovery were removed, no trace whatever being left the one thousand held for him in and threw try the lock, but all In valo. The teller floally of them. Among the papers removed were name, secored another thousand shares proceeded 10 the Merchants and Farmers' got lot of also over $800,000 worth of bills payable, through a friend, and yesternay succeeded in the report Bank, near by. for the amount required, and, pected to which were, however, deemed worthless to purchasing tive hundred shares additional. That comas he had be having obtained it, returned again to the Another broker that we know of has put his the burglars. and were found scattered about come on. vault, but still the door would not yield. fort contest whole fortune into the stock, and only regrets the floor of the adjoining building of men who A LOCKSMITH SUMMONED. the Smalls that he hasn't got more. PRIVATE LOSSES. that the All efforts proving unavailing. a locksmith d to be a TOO BIG A THING ON HAND. and Comme In addition 10 the losses Incurred by the was summoned and the outer door was forced, considerable W considerbank In the way of their regular deposit, there The attorney for the company, Colonel when the same trouble was encountered with Original Barnes, was asked by a reporter yesterday were, as above stated, some fifteen tlu boxes is said that the inner door. Here the lock was worked, pany," and whether be had any new points to give in replaced in the vault for sale-keeping by special but still the door would not open. and the 808 contests will decide which depositors. These boxes were all bursted gard to the matter, and he replied: No, there pictons of the bank clerks were fully aroused. of Moses, the New Gol are no new points to give; everything Is Just opeu and the contents either scattered about After an hour's labor the lock was removed, nmittee will or stolen. The exact losses from the plunderas has been represented to be. People say, and the door opened, when a glance at the ining of these boxes could not be discovered Why do these men make a tock-jobbing opeterior explained the whole matter. The doors by the conration out of it they have got such a good yesterday, owing to the absence from the city of three of the sales within the vanit were Four of of many of the owners, but a reporter has sucthing say they hav made a stock-job open-papers were lying scattered about the dicates the ceeded in gathering the following: A box beNew York blog operation out of it. The three men who vault, an enormous Jack-screw, large enough longing to Mr. E. T. Bainbridge, of Louisville, were posted on the real value of the discovery six more lift a steam engine, and a large chunk of to profess to fore Novemb Ky. a connexion of Mr. Canby, one of the had to pay $350,000 for their interest. They cast-iron, about a 100t square, broken from Is strong directors. contained $70, in Water stocks of -Thomas found they had too big a thing on their hands one of the inner safes, were first seen, and in that only a the City of Louisville, all stolen. A box be to manage alone. They must have men and gress by the rear corner, Immediately over the safe, longing to Messre. E. C. Small & Co., No. 61 the recent troops there to protect their interests. It was seen a hole through the wrought-iron looked upon Exchange Place, contained between $10,000 an immense undertaking. Ot course the three contesi side of the vault large enough 1.0 admit the to vote for and $15,000 in bonds, stccks and securities. men could make a good thing out of It, but New Yo body of a man. A glance through this hole the greater part of which were found. Mrs. to St. Lawr they can make a better thing by letting in Mr. Medairy exposed John T. Scott, an aged widow lady, it Chamb other capitalists, for the field is large, and If sample THE SCENE OF OPERATIONS there is more than three men can successfully living at No. 73 Richmond street, County is deny this, loses about $10,000 in government bonds. through the ragged, carved-out wall of the manage others are bound to share the profits, they promis ought to the two bul' lings, leading into the rear room of Hollingshead, Spedden & Co. mer and they concluded that it would be better 1.0 the veteran the adjoining house, the old Gittings Bank. have their friends share the profits than to chants, lose about $3000 In stocks, &c. Mrs. hundred Gra g for Moses, Intense excitement naturally followed this Ann Wiseman. a widow lady, keeping drug have them gobbled by strangers. So they let The Ha was the one store corner of Baltimore and Freemonts discovery. The bank clerks looked aghast; in a few wealthy friends at forty dollars a who arrived but this was no time for idle Inactivity, and H lost $2500 in bank stocks and about $1500 share. land, N. convention hurried consultation suggested the propriety in bonds. Mr. George A. Mills, of the firm of Mr. Lent, in a conversation with a Chroniare just about of entering the Gittings building. This was Harrington & Mills, loses two boxes containcle reporter yeareday, emphatical.y denied oated bolt eight hundre soon done by means of a front window and ing sliverware and valuables worth $500. The the statement that the trustees were paid 1000 dred Democ on is toleraupon entering, a scene of Indescribable eorshares for the use of their names with the Citizens' Rallway Company were losers to the man, stated der was developed. The front office is a room extent of several hundred privilege of buying it their option for $5 people about eignteen by lorty feet, with desks surnot ascertained. The Potomac Building Assosnare within is stated period. We published -The Mot Mackey for mounted by a railing and wire screens in clation were also losers to a considerable the statement as it was told to us. and with ters of Alat e of Rhina amount. Mr. Samuel Townsend, of Mount front, running the length of the room. In the no desire to injureany one of the trustees. much profit rear of this desk-room were found the remg, has been wild rumor was current on the street yesWashington, Baltimore County, lost $1500 In has establis nants of the contents of the bank'd vault, exPotomac insurance $1500 in other tence is to terday that Jania had been murdered. but cepting, however, the most valuable. includcompanies. The box of Messrs. Wm. Bain & under Radio upon making inquiry at the secretary' office life. ing moneys, bonds, stocks, &c. Upon the Co., merchants, contained a large number of we ascertained that the officers have no for their, C executive floor were scattered innumerable checks, pro Securities, a majority of which were found. formation of any such thing, and that they do has stolen next at this missory notes, drafts, securities and pay. Mrs. Medairy, mother of the paying teller of down the not place the least credence the report, but, able, whilst on the desk were piled up some the bank, bad d-posited in a box some on the contrary, they expect to see him back +stablished PICKET. fitteen (in boxes which had contained money or more in 5-20 bonds, which were stolen. here in six weeks, oringing with him a mil-There and valuables, each with the lock forced and lion dollars more in diamonds and ruoles from ilested amor Owing to her absence the exact amount could AST. the contents abstracted, except when they not be learned the new fields. 100 over OLD TOM MINER. THE BANK CREDIT. bappened to be of no negotiable value. ExVermont, amining the floor, there were found deed+ of August 21. Instant It was definitely learned yesterday afterIn the meantime, the company are vigorproperties, Insurance policies, property assignto the forme quiet which noon that the credit of the bank is in no way ously prosecuting the work and rapidly develments, certificates of marriage, quantities of more peaceamong the impaired by the loss sustained, although It oping their inine. Within the past few days silverware, &c., all in such inextricable conn realized. cratic politi an actor, who threatens to interiere seriously may for a time seriously affect stockholders fusion as to remind one of a May day morne than ever majority; with their plans. has appeared in the city. dividends. Tue books show their loss to be werless to ing. mont, On last Sunday. a prospector named Tom about $75,000 to $85,000. As an offset their THE BURGLARIOUS REMAINS. orted by an very heavy Miner arrived In on the Newbern from eurplusaud undivided fund, carefully invested, sand men. By fur the Mention was made of the finding of a jack Arizona, having some sliver ore with him, amounts to $72,951, and their net earnings and as lette d, and It is a screw and other articles in the vault. Upon from a mine of his in Arizona. since the last dividend, June 1st. are $15,818, e churches show desk in the principal room of the Messrs. Since this diamoad excitement has broken 17. The several banks of the city were very ate. Grave and as to Stabler & Co. were found additional burglartout, Miner lays claim to having been the oriprompt in coming to the aid of the unfortu authorities does not ous remains, which would go to prove that ginal discoverer ot these diamond fields, and nate bank robbed, and tendered whatever aid tisfaction Is success are the operators had been working quickly, caumight be déemed necessary under any and all is actively at work preparing to assert his intend to taining tionsly and systematically, and while exerrights to the ground containing the gems emergencies. The bille receivable held by the arrest and election day cising every caution had not been unmindful against the present owners. He has interest bank amounted to $818,000. lers. of their appetites. Beneath the counter were ed a number of heavy capitalists in his POLICE PRECAUTIONS. SHOD found several bottles, containing the remoants scheme. and yesterday a company was formImmediately upon the discovery of the of liquors, two hall-broiled chickens, pieces of ed and Incorporated, with a capital of $10, Ruskin's ANIC. robbery, the detective force under Chief De. toast, two loaves of bread, several lemons, 000,000, for the purpose of organizing an extective Crone inaugurate a search for some and other things suggestive of creature com pedition to the diamond regions, to take postrace of the thieves. be private detective fort. Near by. on a desk, were discovered a session of the ground and work it. The trusugust 21. In the force of Smith, Prison & West were also sebatch of burglars' tools, comprising blts, drills, tees are Charles Hoemer, W. J. Kip, Jr., M. regard to cured In the service, and warning telegrams files, chisels, gimlets, an auger, several lock ed the work D. Townsend, Robert Sherwood, E. Elzy, except that were sent to all parts of the country to look picks, in fact, a very respectable assortment having failSeth Cook and Joseph Trench. ple whom out for the robbers, as It was admitted. judg. of hardware, in infinite variety and of the ble to meet Some vague initiations in regard to this Verona by ing from the precautions taken 10 cover up finest kind, some of these packages of hardinclination man's story and claims having been given in In the car their villany, that they had left the city with ware being intacr, and many bearing the one of the evening papera, a Chronicle reporrange of their booty either on Sunday or Sunday night, names of prominent Chicago firms, which girls with to be below ter called upon Miner at his hotel, and rethe class long before any alarin could have been given. would to the idea that the Stauler & Co. celved his version of the affair-from his own tter feeling firm from the West. A bundle of clothing REWARD OFFERED. money sudd III continue lips. Miner Is a small inan, a type of the hondo with was also found, with overalle, slippers. knee under the est miner, very quiet in demeasor, and whatThe bank officers have offered a reward of and eighteer pads, and all else required for qulet comfort. ever may be thought of his story, his manner $10,000 for the recovery of the stolen property everything leaves no doubt in the mind of the listener of the bank, or a proportion for a partial reTHE WORKING-ROOM. which Wes to his honesty and sincerity. He makes no covery. Caution is also given against the And here Immediately In the rear of the main front parade of his story, and there is an utter lack negotiation ,many of the slolen bonds and office are two rooms about nine by sixteen which the of braggadocio about him. We reproduce his stocks. feet each. neatly carpeted, formerly used as own words: