Article Text
Negro Bank Fails. Natchez.-The Bluff City Savings Bank, a negro institution, closed its doors on account of a run made as a result of the failure of the First Natchez Bank.
Bluff City Savings Bank (Natchez, MS)
Episode Information
- Episode UID
85004471367- Episode Type
- Run → Suspension → Closure
- Bank Type
- savings
- Bank ID
-
8500447routing - Routing Number
85-0044- Start Date
- November 7, 1913
- Location
- Natchez, Mississippi (31.560, -91.403)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
61e7b85a0d5de152
Response Measures
None
Description
Run was triggered by the contemporaneous failure of the First Natchez Bank; receiver later filed accounts.
Events (3)
1.
November 7, 1913
Run
- Cause
- Local Banks
- Cause Details
- Run triggered by the failure/closing of the First Natchez Bank in the same town, which prompted withdrawals from the Bluff City Savings Bank.
- Measures
- Closed doors; suspended operations pending conversion of invested property to cash.
- Newspaper Excerpt
- The Bluff City Savings Bank, a negro institution, closed its doors on account of a run made as a result of the failure of the First Natchez Bank.
- Source
- newspapers
2.
January 10, 1914
Suspension
- Cause
- Local Banks
- Cause Details
- Closure/suspension was a direct consequence of runs caused by the failure of the white First Natchez Bank.
- Newspaper Excerpt
- Bluff City Savings Bank, of Natchez, Miss., a colored enterprise, has been closed. The bank is not insolvent, but the failure of a white bank in the same town caused a run upon the colored bank, and it was closed until the property in which the money was invested could be converted into cash.
- Source
- newspapers
3.
July 22, 1914
Receivership
- Newspaper Excerpt
- The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account. His report states that the bank has paid a dividend of 20 per cent ... The First Natchez Bank of this city, which closed its doors the same day, has not paid its depositors a dividend.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
Bluff City Savings Bank, of Natchez, Miss., a colored enterprise, has been closed. The bank is not insolvent, but the failure of a white bank. in the same town caused a run upon the colored bank, and it was closed until the property in which the money was invested could be converted into cash. Colored contractors are doing a large part of the rebuilding of the section of Hot Springs, Ark., which was destroyed in the recent fire there A white contractor, who came from New Orleans with a few white workman, hierd colored men in addition. The white laborers complained and were told to work with the colored men or quit.
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Article Text
Natchez Bank Failure. The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account. His report states that the bank has paid a dividend of 20 per cent, having collected $12,665 09 and disbursed $10,279 42, leaving a cash balance of $2,394.67. The First Natchez Bank of this city, which closed its doors the same day, has not paid its depositors a dividend. / Natchez Special