Newspaper items (June 28 and June 30, 1877) report the collapse/failure of the St. Louis National Bank. No run is described; articles attribute the failure to post-1873 panic economic contraction and shrinkage of values (national economic conditions). No explicit mention of receivership in these excerpts, but the bank is described as having collapsed/failed, so classified as a suspension/closure.
Events (3)
1.May 4, 1865Chartered
Source
historical_nic
2.June 28, 1877Suspension
Cause
Macro News
Cause Details
Articles attribute the bank's collapse to prolonged effects of the Panic of 1873 and a national shrinkage of values producing commercial stagnation.
Newspaper Excerpt
the collapse of the St. Louis National Bank
Source
newspapers
3.January 17, 1899Voluntary Liquidation
Source
historical_nic
Newspaper Articles (2)
1.June 28, 1877The Dallas Daily HeraldDallas, TX
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Article Text
Familiar With Failures. Nashville American : The country is coming to be so familiar with mercantile failures that the collapse of the St. Louis National Bank does not create that profound sensation which might have followed the announcem under other circumstances. Since the panic of 1873 failures have been as common as grasshoppers and potato bugs, While it would seem reasonable that four years subsequent to the panic of 1873 would embrace a period sufficient to outlive the, effects of that disastrous year, it will not be forgotten that the financial policy of the government from which that panic was the legitimate outgrowth has not been charged, but still afflicts the country in a sort of chronic form. The shrinkjuge of values which has brought financial ruin upon so many businesses and produced such general commercial stagnation, is given as the attributable cause of the St. Louis failure. A policy at war with the trade interests of the people continue to produce its legitimate fruit.
2.June 30, 1877The Dallas Weekly HeraldDallas, TX
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Article Text
# Familiar With Failures.
Nashville American: The country is coming to be so familiar with mercantile failures that the collapse of the St. Louis National Bank does not create that profound sensation which might have followed the announcement under other circumstances. Since the panic of 1873 failures have been as common as grasshoppers and potato bugs. While it would seem reasonable that four years subsequent to the panic of 1873 would embrace a period sufficient to outlive the effects of that disastrous year, it will not be forgotten that the financial policy of the government from which that panic was the legitimate outgrowth has not been charged, but still afflicts the country in a sort of chronic form. The shrinkage of values which has brought financial ruin upon so many businesses and produced such general commercial stagnation, is given as the attributable cause of the St. Louis failure. A policy at war with the trade interests of the people continue to produce its legitimate fruit.
