Topeka Savings Bank (Topeka, KS)

Episode Information

Episode UID
9499636490937
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
savings
Bank ID
949963649 hash
Start Date
January 31, 1878
Location
Topeka, Kansas (39.048, -95.678)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
31f8c2e8af842337

Response Measures

None

Events (3)

1. January 31, 1878 Run
Cause
Local Banks
Cause Details
Runs and heavy withdrawals in Topeka triggered by failures of First National and Commercial National Banks in Kansas City
Measures
Arrangement with depositors to resume business
Newspaper Excerpt
the excitement reached Topeka, causing the suspension there of the Topeka Savings Bank
Source
newspapers
2. January 31, 1878 Suspension
Cause
Local Banks
Cause Details
Suspension caused by panic/excitement stemming from failures of Kansas City banks and runs on other banks
Newspaper Excerpt
The Topeka, Kan., Savings Bank suspended on the 31st ult.
Source
newspapers
3. February 2, 1878 Reopening
Newspaper Excerpt
Since the above was put in type the Topska Savings Bank, under an arrangement with its depositors, has resumed business.
Source
newspapers

Newspaper Articles (2)

Article from The Manitowoc Pilot, February 7, 1878

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Article Text

THE WEST. THE objectionable feature of the Utah divorce law has beeen repealed. Hereafter bona fide residence in the territory for at least one year will be necessary before ob> taining a divorce. THE nephews and nieces of the late Frank Nevin, of Detroit, a wealthy tobacconist, are fighting over the will. THE Central branch of the Union Pacific railroad is now running trains 150 miles west of Atchison, Kansas. GEN. MILES reports from Tongue river that the main body of his command has has taken the field, and he only waits for 150 recruits from Fort Snelling before proceeding in person against Sitting Bull, who, he confidently believes, is in United States territory. His force will operate from Fort Peck as a central point. WM. WEINERS who shot and killed A. V. Lawrence, bar-keeper, in the saloon of the Theatre Comique, St. Louis, in January, 1877, was hung in the jail yard at St. Louis, on the 1st inst. THE Citizens' Bank of North Topeka, Kansas, closed its doors on the 1st inst.; but they only owe $26,000, and will be able to resume in ten days. THE Topeka, Kan., Savings Bank suspended on the 31st ult. Deposits, $140; notes, discounts and stocks, $225,000; real estate, $65,000. An assignment will be made. THE Sentinel at Yuma, Arizona, denies that the Southern Pacific Railroad Company is accumulating a large quantity of material at Yuma, destined for pushing the road through Arizona. THE First National Bank of Kansas City, suspended on the 30th ult., causing a slight run on other banks. MAJOR WALSH, commandant of Fort Walsh, Can., states that at no time since his arrival, has Sitting Bull crossed the line to American soil. The movement without his knowledge would be impossible, and he would promptly advise Gen. Gibbon in that event.


Article from The Emporia News, February 8, 1878

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Article Text

The failure of the First National Bank of Kansas City on the 29th ult. was followed by the failure of the Commercial National, and heavy runs on the other banks there, but the rest stood the presure. The First National has liabilities to the amount of about $650,000, and the Commercial of about $125,000. February 1st the excitement reached Topeka, causing the suspension there of the Topeka Savings Bank, with liabilities of $140,000, and the Citizens' Bank of North Topeka, with liabilities of $26,000. Both promise to resume again. On the 2d the Merchants' National Bank at Fort Scott suspended, with liabilities of about $150,000. Since the above was put in type the Topska Savings Bank, under an arrangement with its depositors, has resumed business.