9680. Mankato Savings Bank (Mankato, MN)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
August 11, 1893
Location
Mankato, Minnesota (44.164, -93.999)

Metadata

Model
gpt-5-mini
Short Digest
4c483f9e

Response Measures

Accommodated withdrawals

Description

Article (1893-08-11) reports the Mankato Savings Bank experienced very little of a run but remained open; management kept doors open after hours and declined to invoke the 60-day notice rule. No suspension or closure is mentioned. Context is the 1893 financial disturbances, so cause is assigned as macro_news (national panic).

Events (1)

1. August 11, 1893 Run
Cause
Macro News
Cause Details
Minor withdrawals during the broader financial disturbances of 1893; article does not describe bank-specific failures or a specific rumor.
Measures
Kept doors open after usual closing hour to accommodate withdrawals; refused to invoke the 60-day withdrawal notice law unless obliged.
Newspaper Excerpt
The Mankato Savings Bank has experienced very little of a run, and its doors were held open after the usual hour of closing to accommodate any who might desire to draw out their money.
Source
newspapers

Newspaper Articles (2)

Article from The Mankato Free Press, January 6, 1893

Click image to open full size in new tab

Article Text

prisoners to break Jail. APRIL. 9-Death of Wendel Bienapfl, city recorder. Death of John G. Simpson. 15-R. D. Hubpard announces his intention to increase the capacity of the big mill to 1500 barrels per day and make other improvements 20-Prof. Rechdolt, of the city schools, accepts a call to a professorship in North Dakota University. 21-Contract awarded for excavation and building foundation of Presbyterian church. 22-Oratorical contest between High and Normal schools. High school victorious. 23-C. M. Marsh returns and is put under arrest. 25-The - If. Patterson Fruit Co. organized to do business in this city. MAY. West MankatoBrick Co.organized. 0-Southern Minnesota Tournament opens for a three days shoot. 18-Wilkin Post, G. A. R., decides to erect a memorial fountain in Lincoln Park. 20-Heavy snow storm. JUNE. 22-Horse fair opens. 27-The Omaha road decides not to remove its tracks. JULY. 2-Masked robbers hold up passenger train near the city. 4-French & Co.'s book store badly damaged by fire. 11-Contract for new Savings Bank let and work on foundation commenced. 18-W. T. Mills makes an assignment. 1-Prof. J. T. McCleary nominated for congress. 18-Gasoline explosion and fire at M. Hanna's grocery. AUGUST. 3-Guy Burt run over and killed by freight train just north of city. Ole Odjard's tailor shop visited by burgiars and valuablegoods taken. 5-Prof. G. F. Kenaston elected Superintendent of city schools. 16-First new wheat of the season received. 18-Frank Giefer murderously assaults Leonard Roway. 20-Frank Giefer captured in Iowa, brought back and admits his crime. SEPTEMBER. 5-City council passes the health ordinance for sewer and water connections. City sued by L. G. M. Fletcher for $1,500, claimed on a contract. 8-Death of Capt. James Cannon. 10-Mankato Knitting Co. decide to a enlarge their capacity and erect three story factory. 12-Board of Health take steps to clean up the city in view of cholera scare. 14-Jacob Guenther thrown from buggy and receives serious injuries. 15-Arrangements completed for the establishment of a cracker factory 18-Mrs. E. D. Jones badly and he grandchild, Gwen Jones, fatally burned by the explosion of a ca of kerosene. 19-Discovery that city water mains were tapped at Hubbard's mil made public. OCTOBER. 1-Mankato Savings Bank opens foi business. 16-7 Death of Jacob Guenther. 20 -Geo. W. Mead, assignee, commen ces suit against Geo. H. Marsh A.J Morrison and Maud Stan nard to recover $60,000 of the J Q.A. Marsh estate. 21-Columbus Day celebrated by th schools in the city. NOVEMBER. 2-Death of Dr. M. R. Wickersham Mrs. Warner fatally burned in he room at the residence of her son Dr. C. F. Warner. 7-Death of Mrs. Achsah Wood. 11-Arrangements completed for th establishment of a furniture factory in the spring. 12-Contract for foundation of gov ernment building awarded. 30-Death of Mrs. R. F. Jones.


Article from The Mankato Free Press, August 11, 1893

Click image to open full size in new tab

Article Text

The Mankato Savings Bank has experienced very little of a run, and its doors were held open after the usual hour of closing to accommodate any who might desire to draw out their money. President Fletcher states that the bank has an unusually large proportion of cash oh hand and that its securities are gilt edged. He states that he will not take advantage of the law permitting savings banks to require sixty days notice before withdrawing deposits until he is obliged to. The Savings banks are not permitted to do a commercial business, but Mr. Fietcher states that if business men desire to deposit currency the bank will try to arrange so that they can check against their deposit.