Lincoln National Bank (New York, NY)

Episode Information

Episode UID
260801294
Episode Type
Run Only
Bank Type
national
Bank ID
26080 national
Charter Number
2608
Start Date
October 25, 1907
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
63d6c727db5056e8

Response Measures

Accommodated withdrawals

Description

Article describes limited withdrawals but explicitly says they were insignificant; classification as a minor run is conservative.

Events (3)

1. January 4, 1882 Chartered
Source
historical_nic
2. October 25, 1907 Run
Cause
Rumor Or Misinformation
Cause Details
Context of the 1907 panic and circulating rumors about runs on local trust companies prompted some depositors to withdraw funds, though Lincoln National saw only a few withdrawals.
Newspaper Excerpt
At the Lincoln National Bank, in East 42d street, there were a few withdrawals, but Charles Elliott Warren, the cashier, said the number of depositors who were asking for funds was so small as to signify nothing.
Source
newspapers
3. September 30, 1920 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from New-York Tribune, October 25, 1907

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Article Text

Sands, Isaac N. Seligman. Louts Stern. Samuel D. Styles, Frank Tilford, Archibald Turner and Henry R. Wilson. The officers are: Frank Tilford. prestdent: Owen Ward, second vice-president, William Darrow, jr., third vice-president; Irving โ‚ฌ. Gaylord, fourth vice-president; Frederick Phillips. secretary: Robert C. Lewis, treasurer; Edward โ‚ฌ. Wilson, assistant treasurer; Joseph Z. Bray, assistant secretary; Charles B. Collins, cashier: George James Bayles, trust officer. The company's capital is $1,000,000. its deposits $19,570,771, and its surplus $837,200. A rumor got into circulation that there was a run on the Fifth Avenue Trust Company. with offices at Fifth avenue and 43d street, but Cecil D. Landale, the second vice-president, denied the truth of the report. He said that at one time there were as many as forty persons in the bank withdrawing money, but scoffed at the idea of a run. He said the company was of great strength and had ample funds on hand to satisfy all depositors who wanted money, without even applying to outside institutions. At the Lincoln National Bank, in East 42d street, there were a few withdrawals, but Charles Elliott Warren, the cashier, said the number of depositors who were asking for funds was so small as to signify nothing. He added that the bank had opened seventy accounts in the last two days, which scarcely betokened a lack of confidence. At an early hour this morning sixteen men were in line in front of the building, stamping and chaffing each other to keep awake and warm until the beginning of business. There was no disorder and the line was attracting no outside attention.


Article from The Washington Times, December 9, 1913

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Article Text

Currency Bill Speeches Soon To Be Concluded Early conclusion of the set speeches on the currency bill is expected in the Senate and the bill will then be considered paragraph by paragraph. Much informal discussion will arise in that connection, but nothing has developed to indicate the bill will not be passed before Christmas. The feature of the debate yesterday was the attack by Senator Swanson on the banks of New York for their suspension of payments of the money they held belonging to other banks in the 1907 panic. This was resented by Senator O'Gorman in strong language. Senators Root and Weeks also defended the New York banks. Senators Nelson and Weeks, in addition to Senator Swanson, were the chief speakers in the course of the session yesterday afternoon and last night.