Workingmens Bank (New Orleans, LA)

Episode Information

Episode UID
9187586390894
Episode Type
Run Only
Bank Type
state
Bank ID
918758639 hash
Start Date
June 24, 1874
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
073dfbc53184ec89

Response Measures

None

Description

The bank was briefly placed in receivership, but the court dismissed the petition and the bank remained open despite a run.

Events (3)
1. June 24, 1874 Receivership
Newspaper Excerpt
Judge Hawkins yesterday appointed Alfred Shaw, Esq., receiver of that institution.
Source
newspapers
2. June 27, 1874 Other
Newspaper Excerpt
Judge Hawkins dismissed his petition yesterday morning, and decided in favor of the bank.
Source
newspapers
3. June 27, 1874 Run
Cause
Bank Specific Adverse Info
Cause Details
Legal action and temporary appointment of a receiver created distrust among depositors.
Measures
The bank promptly and easily met the demand upon them.
Newspaper Excerpt
The effect of the action originally taken in the premises by Mr. Wood, had a natural tendency to create distrust on the part of depositors, and up to the present time there has been quite a run upon the bank.
Source
newspapers

Newspaper Articles (2)
1. June 25, 1874 The New Orleans Bulletin New Orleans, LA
Article from The New Orleans Bulletin, June 25, 1874

Click image to open full size in new tab

Article Text

THE COURTS. Superior District Court. In the suit of Wallace Wood vs. the Workingmen's Bank, Judge Hawkins yesterday appointed Alfred Shaw, Esq., receiver of that institution. The suit was for the winding up of its affairs and it was shown to be insolvent. Allegations were also made that the charter had been openly and frequently violated by the direction. Fifth District Court. Mr. J. Curtis Waldo has filed a suit against Jos. Raymond, Esq., claiming $15,000 as his share of the profits accruing from the building of the Second Street Market. He alleges that he entered the speculation with Raymond and that he is entitled to the above remuneration.

2. June 28, 1874 The New Orleans Bulletin New Orleans, LA
Article from The New Orleans Bulletin, June 28, 1874

Click image to open full size in new tab

Article Text

The Workingmen's Bank. In the case of Wallace Wood vs. The Workingmen's Bank, Judge Hawkins dismissed his petition yesterday morning, and decided in favor of the bank. The effect of the action originally taken in the premises by Mr. Wood, had a natural tendency to create distrust on the part of depositors, and up to the present time there has been quite a run upon the bank. We are assured by the officers of the institution, however, that they have promptly and easily met the demand upon them. Now that the courts have decided in favor of continuing the bank under its original charter, we presume that its former prestige will not suffer by this temporary lack of confidence.