Article Text
Resumed Business. Wabasha, Minn., Sept. 4-A special to the Dispatch says the bank of Wabasha, which suspended yesterday because of the failure of the Minnesota elevator company, resumed this morning.
8790. Bank of Wabasha (Wabasha, MN)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- September 3, 1884
- Location
- Wabasha, Minnesota (44.384, -92.033)
Metadata
- Model
- gpt-5-mini
- Short Digest
086abdd42dbf5967
Response Measures
None
Description
Contemporary reports (Sept 4, 1884) state the Bank of Wabasha suspended 'yesterday' because of the failure of the Minnesota Elevator Company and 'resumed this morning.' No explicit run is described; reopening was enabled by advances from two wealthy citizens (G. C. Benson and C. F. Rogers) to meet demands.
Events (2)
1.
September 3, 1884
Suspension
- Cause
- Local Shock
- Cause Details
- Suspended due to the failure of the Minnesota Elevator Company, a local business shock affecting the bank
- Newspaper Excerpt
- the bank of Wabasha, which suspended yesterday because of the failure of the Minnesota elevator company
- Source
- newspapers
2.
September 4, 1884
Reopening
- Newspaper Excerpt
- resumed this morning. G. C. Benson and C. F. Rogers, two wealthy citizens of Lake City, advanced money sufficient to meet all demands, and deposits are again coming in.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
IN THE BUSINESS WORLD. with Causes a Run on a A Cashier's unswick. Bank at New DA . -Chas. NEW BRUNSWICK, N.J., Sept. 4. S. Hill, cashier of the National Bank here, was found dead in bed this morning. His death was caused by inhaling gas. He was 40 years old, was widely known and had been cashier of the bank for 20 years. There was a slight run on the bank to-day owing to unpleasant and unfounded rumors. THE WABASHA BANK RESUMES. W ABASHA, MINN., Sept. 4.-The bank of Wabasha, which suspended yesterday because of the failure of the Minnesota Elevator Company, resumed this morning. G. C. Benson and C. F. Rogers, two wealthy citizens of Lake City, advanced money sufficient to meet all demands, and deposits are again coming in. WOODENW ARE MANUFACTURERS FAIL. CINCINNATI, Sept. -The firm of S. M. Barrett & C. H. Waters to-day assigned. The firm are large manufacturers of and dealers in woodenware. No statement of their assets and liabilities has been made, but the members of the firm say that everything will be paid. CLOTHING DEALERS ASSIGN. NEW YORK, Sept. 4.-A. Straus & Son, clothing dealers, of Richmond, Va., have assigned.