9449. Boatmens Savings Institution (St Louis, MO)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
October 6, 1857
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
d3b1d6255f64f602

Response Measures

None

Description

Newspapers (Oct 7, 1857) report a run on the Boatmen's Savings Institution in St. Louis on Oct 6, 1857. No suspension, closure, or reopening is mentioned in these articles. The 1857 date corresponds to the nationwide financial disturbance, but the articles simply report contemporaneous runs on several St. Louis banks.

Events (1)

1. October 6, 1857 Run
Cause
Macro News
Cause Details
Contemporaneous financial disturbance/panic (1857 crisis) causing runs on multiple St. Louis banks.
Newspaper Excerpt
There is a run to-day upon the Bank of Missouri, and the Boatmen's and Germans' Savings Institutions.
Source
newspapers

Newspaper Articles (2)

Article from New-York Daily Tribune, October 7, 1857

Click image to open full size in new tab

Article Text

MONETARY AFFAIRS IN ST. LOUIS. Sr. LOUIS, Mo., Oct. 6, P. M. A meeting was held yesterday at the Merchant's Exchange to consider the currency question. Mr. Henry, Bank Commissioner of Illinois, made a statement of the condition of the banks of that State, which was generally regarded as satisfactory. The Commit tee appointed to report on the subject convened in the afternoon, but adjourned without coming to a definite conclusion. The vote on receiving the currency at par stood at a tie previous to the adjournment. A resolution was passed to petition the Legislature to issue no more bonds at present, and to create a sinking fund for the payment of the interest on those already issued. Another meeting was held at the Exchange to-day. The suspension of Lucas & Co. created no excitement, as their assets are known to be ten times greater than their liabilities. There is a run to-day upon the Bank of Missouri, and the Boatmen's and Germans' Savings Institutions. There are no evidences of suspension yet. The regu. lar banks remain strong. At the meeting at the Merchants' Exchange to-day, & resolution to receive and pay out the currency at par was adopted by an overwhelming vote.


Article from The New York Herald, October 7, 1857

Click image to open full size in new tab

Article Text

CRITICAL STATE OF AFFAIRS IN ST. LOUIS. Sr. LOUIS, Oct 6-R-M A meeting was held yesterday as the Merchants' Ex change, to consider the currency question. Mr. Henry, Bank Commissioner of Illinois, made a statement or the condition of the banks of that State, which was generally regarded as satisfactory. The committee appointed to roport on the subject subject comvened in the afternoon, but adjournw without coming to a definit econolusion. The vote on receiving the currency at per stood at a the previous to the adjourament A revolution was passed to petition the Legislature to issue no more bonds at present, and to create a sinking fund for the payment of the interest on those already ssued. Another meeting was held at the Exchange to day, when a resolution to receive and pay out the ourrency at par, was adopted by an overwhelming vote. The suspension of Lucas & Oo. created no excitement, as their assets are known to be ten times greater than their liabilities. There is a run to-day upon the Bank of Missouri, and the Boatmen's and German's savings institutions. There are no evidences of suspension yet. The regular banks remain strong.