First National Bank (Madison, WI)

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Episode Information

Episode UID
14401122
Episode Type
Run Only
Bank Type
national
Bank ID
1440 national
Charter Number
144
Start Date
June 5, 1893
Location
Madison, Wisconsin (43.073, -89.401)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92494da258182087

Response Measures

Accommodated withdrawals, Public signal of financial health

Events (2)
1. December 9, 1863 Chartered
Source
historical_nic
2. June 5, 1893 Run
Cause
Local Banks
Cause Details
Runs and failure of nearby/state banks (Manitowoc failure; runs at Racine and other local banks) spurred increased withdrawals in Madison.
Measures
Bank reported large cash reserves on hand and officers publicly reassured depositors.
Newspaper Excerpt
There was a small run on the First National Bank today, but not enough to cause any great excitement.
Source
newspapers

Newspaper Articles (10)
1. June 6, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 6, 1893

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Article Text

Run on a National Bank. MADISON, Wie., June 5.-There was a emall run on the First National Bank today, but not enough to cause any great exeitement. The bank's balance at the close of business Saturday showed $258,000 on hand to meet demands, and the officers of the bank are not at all alarmed.

2. June 6, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, June 6, 1893

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Article Text

They Held the Cash. MADISON Wis.. June 5. - There was a email run on the First National bank this morning, but not enough to cause any great excitement. The bank's balance at the close of business showed $259,000 on hand to meet demands, aud the officers of the bank are not at all alarmed.

3. June 6, 1893 The Morning News Savannah, GA
Article from The Morning News, June 6, 1893

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Article Text

A Small Run at Madison. Madison, Wis., June 5.-There was a small run on the First National Bank today, but not enough to cause any great excitement. The bank's balance at the close of business Saturday showed $259,000 on hand to meet demands, and the officers of the bank are not at all alarmed.

4. June 6, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, June 6, 1893

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Article Text

Run on a Madison Bank. MADISON, Wis., June 6.-There was a small run on the First National bank, but not enough to cause any great excitement. The bank's balance at the close of business Saturday showed $258,000 on hand to meet demands and the officers of the bank are not at all ala. med.

5. June 7, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, June 7, 1893

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Article Text

Wisconsin Hanks. MANTTOWOC, Wis.. June 6.-The State bank of this city failed. It had a capital of $50,000. surplus $10,000. Manitowoe savings bank is now experiencing a slight run. At Madison the run on the First national has increased. and other banks are having increased demands.

6. June 7, 1893 The Yellowstone Journal Miles City, MT
Article from The Yellowstone Journal, June 7, 1893

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Article Text

The Wisconsin Banks. MILWAUKEE. Wis.. June 6. The State Bank of this city has failed. It had a capital of 850,000 and a surplus of 810,000. The Manitowoc Savings Bank now is experiencing a slight run. Reports from Racine say a run is in progress on the Manufacturers National and at Madison the run on the First National has increased.

7. June 7, 1893 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, June 7, 1893

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Article Text

slight run. Reports from Racine say that a run is in progress on the Manufacturers National bank. At Madison the run on the First National has increased. Other banks are having increased demands.

8. June 8, 1893 The Princeton Union Princeton, MN
Article from The Princeton Union, June 8, 1893

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Article Text

JUST A LITTLE RUN. Madison Wis., June 6.-There. were rumers of a slight run on the First National bank this morning, but there were not enough calls of depositors to create any excitement. The bank's weekly balance sheet shows $359,000 in cash on hand this morning to meet demands and no fears are entertained by the officers.

9. June 10, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, June 10, 1893

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Article Text

JUST A LITTLE RUN. Madison Wis., June 6.-There were rumers of a slight run on the First National bank this morning, but there were not enough calls of depositors to create any excitement. The bank's weekly halarce sheet shows $359,000 in cash on hand this morning to meet demands and DO fears are entertained by the officers.

10. June 17, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, June 17, 1893

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Article Text

JUST A LITTLE RUN. Madison Wis., June 6.-There were rumprs of a slight run on the First National bank this morning, but there were not enough calls of depositors to create any excitement. The bank's weekly halance sheet shows $359.000 in cash on hand this morning to meet demands and no fears are entertained by the officers.