Article Text
Run on n Bank. MINNEAPOLIS, May 15.-A run on the Farmers and Mechanics Savings' bank began this morning chiefly by small depositors. It is considered one of the strongest banks in the state. No fears are entertained for its safety.
Farmers & Mechanics Savings Bank (Minneapolis, MN)
Episode Information
- Episode UID
17005171121- Episode Type
- Run Only
- Bank Type
- state
- Bank ID
-
1700517routing - Routing Number
17-0051- Start Date
- May 15, 1893
- Location
- Minneapolis, Minnesota (44.980, -93.264)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
9931760b5c468fac
Response Measures
None
Events (1)
1.
May 15, 1893
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Run began chiefly by small depositors; articles report no insolvency and reassure public, indicating rumor/nervousness rather than bank-specific failure.
- Newspaper Excerpt
- A run on the Farmers and Mechanics Savings' bank began this morning chiefly by small depositors. It is considered one of the strongest banks in the state. No fears are entertained for its safety.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Confusion of Names. MINNEAPOLIS. Minn.. May 15.-A run on the Farmers & Mechanics' Savings bank began this morning. chiefly by small depositors. This is considered one of the strongest banks in the state. There are no fears for its safety.
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Article Text
Run on a Minneapolis Bank. MINNEAPOLIS, May 15.-A run on the Farmers' & Mechanics' Savings bank began this morning, chiefly by small depositors. It is considered one of the strongest banks in the state. There are no fears of its safety.
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Article Text
RUN ON A BANK. Minneapolis, Minn., May 15.-The run on the Farmer's and Mechanic's Savings bank began this morning, chiefly by small depositors. It is considered one of the strongest banks in the state. There are no fears for its safety.
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Article Text
A Small Failure. MINNEAPOLIS, May 16.-The Farmers and Merchants State bank has suspended payment. The bank was a very small one, its capital being but $60,000 and its surplus about $7,000. It should be noted that this is not the Farmers and Mechanics Savings bank, on which there is a run, but which is perfectly solvent.
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Article Text
Run on a Bank. MINNEAPOLIS, May 15.-A run on the Farmers and Mechanics' Savings bank began this morning chiefly by small depositors. It is considered one of the strongest banks in the state. No fears are entertained for its safety.
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Article Text
The Bank Safe-Receiver Asked For. MINNEAPOLIS, Minn., May 17.An application was made in the District court this morning to have a receiver for the Northwestern Guaranty Loan company appointed. The run on the Farmer's and Mechanic's Savings bank is about over, only a few of the more ignorant depositors appearing at the paying teller's windows this morning. The bank has come out with flying colors, and faith in its solidity is renewed.
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Article Text
A Small Failure. MINNEAPOLIS, May 16.-The Farmers and Merchants State bank has suspended payment. The bank was a very small one, its capital being but $60,000 and its surplus about $7,000. It should be noted that this is not the Farmers and Mechanics Savings bank, on which there is a run, but which is perfectly solvent.
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Article Text
BUSINESS REVERSES. Blethen's Bank Fails. MINNEAPOLIS, June 27.-The Bank of New England has suspended payment. The bank is the youngest in the city, its president, A. J. Ble. hen, having been a newspaper proprietor before he went into banking. Mr. Blethen has issued a card stating the bank had withstood a run at the time of the run on the Farmers and Mechanics Savings bank six weeks ago, and that it had been further weakened by the Chicago bank failures. It is announced that the suspension will be only temporary. but if the bank cannot resume every d positor will be paid in full by the stockholders. The bank is a small one.
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Article Text
BUSINESS REVERSES. Blethen's Bank Fails. MINNEAPOLIS, June 27.-The Bank of New England has suspended payment. The bank is the youngest in the city, its president, A. J. Blethen, having been a newspaper proprietor before he went into banking. Mr. Blethen has issued a card stating the bank had withstood a run at the time of the, run on the Farmers and Mechanics Savings bank six weeks ago, and that it had been further weakened by the Chicago bank failures. It is announced that the suspension will be only temporary. but it the bank cannot resume every depositor will be paid in full by the stockholders. The bank is a small one.