Fourth National Bank (St Louis, MO)

View Charter #283 on SPMC View balance sheet

Episode Information

Episode UID
28300885
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
2830 national
Charter Number
283
Start Date
September 26, 1873
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5867a30da0223dd1

Response Measures

None

Events (4)
1. February 26, 1864 Chartered
Source
historical_nic
2. September 26, 1873 Suspension
Cause
Macro News
Cause Details
Panic of 1873 led St. Louis banks to suspend currency payments citywide.
Newspaper Excerpt
In St. Louis the bank suspension appears to be total.
Source
newspapers
3. October 26, 1873 Reopening
Newspaper Excerpt
The St. Louis banks will resume currency payments to-morrow.
Source
newspapers
4. January 15, 1907 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (11)
1. September 26, 1873 New-York Tribune New York, NY
Article from New-York Tribune, September 26, 1873

Click image to open full size in new tab

Article Text

New-York Daily Tribune. FOUNDED BY HORACE GREELEY. FRIDAY, SEPTEMBER 26, 1873. At a stormy Erie meeting in London, President Watson received a unanimous resolution of thanks, and announced that his road wanted $30,000,000 at once. The French Conservatives claim a majority of 20 in the Assembly in favor of a monarchical restoration; the Republican members threaten to resign in a body. The Spanish Government has demanded of England the release of the Vitoria and Almanza. = The U. steamer Tigress is still searching for the Polaris crew. Secretary Richardson, Attorney-General Williams, and other officials determined, it is said, after long consultation, that the Government should not use any portion of the legal-tender reserve for the purchase of additional bonds. The banks of Chicago, Cincinnati, Baitimore, Nashville, and New-Orleans have suspended the currency payment of large demands. In St. Louis the bank suspension appears to be total. Failures are reported in New-Brunswick, N.J., Selma, Ala., Indianapolis, MemThe schooner Whiting phis, Atlanta, and Augusta. was wrecked at Grand Haven, Mich., all the crew but one being Descued after a thrilling fight with the waves. = An Anti-Kellogg Convention has been called, to meet at New-Orleans Nov. 24. There were no further suspensions in Wall-st., although aid from the Government in the purchase of bonds was entirely withdrawn. The difficulty in getting foreign exchange has affected the export trade somewhat disastrously. The Stock Exchange endeavored, by the appointment of a Committee, to force settlements upon last week's transactions. The Bank Presidents did not favor the theory of the Stock Exchange 10 regard to the resumption of business. ==== Sprague's attorneys endeavored to show that the money for his investments was borrowed from the Brooklyn Trust Company. The Grand Jury issued a public call for testimony. The District-Attorney refused to announce his intentions concerning the jail frauds. The Committee on investigating department affairs or- The Liberal Republican General Commitganized. tees made arrangements for holding primaries, and listened to Gen. Coctrane's remarks on the issues of the campaign. The Kings County Democratic primaries were held. The Newark Democratic Convention made municipal nominations. = An effort to act on the Police Justice nominations falled in the Board of Aldermen. - The Protestant Episcopal Diocesan Convention was addressed by Bishop Potter. - Prominent delegates to the Conference of the Evangelical Alliance, and Wilkie Collins, arrived. Damaging testimony was adduced in the baby-farming examination. The Harlem Rowing Club's Fall races were pulled, and entries for the National Amateur Regatta were announced. = The New-Jersey section of the NewYork and Oswego Midland Railroad is to return to its

2. September 30, 1873 The Van Buren Press Van Buren, AR
Article from The Van Buren Press, September 30, 1873

Click image to open full size in new tab

Article Text

IT All the St. Louis Banks have suspended until the 1st of November. A general suspension of Banks all over the country may be expected.

3. October 2, 1873 The Saline County Journal Salina, KS
Article from The Saline County Journal, October 2, 1873

Click image to open full size in new tab

Article Text

There was a bett er state of feeling financially yesterday than there has been since the commencement of the panic. The reports that the Chicago and St. Louis banks would resume this morning was interpreted as a cheering indication that the worst was over. This is probably the case. Indeed, there are evidences on all sides that reason is resuming its sway. Currency is flowing in a steady stream to the West, and mon. ey will soon be abundant.-Lawrence Journal, Sept. 30th.

4. October 16, 1873 Helena Weekly Herald Helena, MT
Article from Helena Weekly Herald, October 16, 1873

Click image to open full size in new tab

Article Text

A RIBERNIAN BANK INCIDENT. A Woman that Wanted her Money. From the St. Louis Democrat, Septeinber 27, The news of the suspension of the banks of the city, published in the papers of yesterday morning, created intense excitement in Kerry Patch. The thrifty population of that classic precinct are in the habit of depositing their meagre earnings in the savings banks, and anything that casts a shadow upon those useful institutions throws a gloom over the the in Patch. Kerry, The after first feeding duty performed pig and yesterday milking the goat, was to go down town and look after the deposits in bank. One determined WOman took her station in front of the Hibernian Bank, and patiently waited on the sidewalk for two hours, until she saw the doors opened. Then she entered with a firm step, and addressing young Tansey, said, in a voice of thunder: "Is this bank suspended?" 'Yes, madam, but only temporarily." "Tipperarily, is it? I know what a Tipperary suspension is-it manes gone up. I've got $200 deposited in this bank, and I want my money." "Well, madam, you need not talk so loud. Give me your pass book, and you shall have your money." "Have you got it?" "Yes, I've got it. Hand out your book." "Are you sure you've got my $200 safe and sound?" "Yes, here it is. Don't make so much noise." "I've got a right to make a noise. I worked hard for that $200, and do you think I'm going to lose it without making a noise?" "Itell you that your $200 is not lost; here, take it away, and don't talk so loud." "You've got it, have you?" 'Yes; I tell you it is here." My $200?" Yes, your $200; take it and go." What do I want with it? Didn't I put it in and the a launched here for into safe keeping?" lengthy and loud harangue depositor on the banks and bankers, attracting a crowd around the door. One of the directors, finding the woman could not be silenced, called in a policeman, who took her by the arm for the purpose of leading her out. "Is it the likes of you that dares to lay the weight of your dirty claws on a dacent WOman with $200 in bank? Get out of this and lave me alone, ye spalpeen-I'm a dacent woman, G-d-you." At this moment the president of the bank entered, and, learning the cause of the disturbance, ordered the woman to be released, and invited her politely to take a seat. "I don't want to sit down. I've got two hundred dollars in this bank, and I'm used to standin." "Madam, I think you had better take your money." Have you got it ?" Yes, here is your money." What do you take me for? I put my money in this bank for safe keeping, and be not to to it a a away. dad I'm This is goin' bank be of deposit, forced and take I'm depositor-do you mind that?" It was in vain that the depositor was urged to draw her money. She would neither take it nor remain silent. After standing an hour or two longer, and talking all the time at a not children furious had rate, she had remembered their breakfast, that and her with many a protestation against the attempt to force a poor woman to draw her money, and she wended informed her all way the neighbors back to Kerry that the Patch, Hi1 bernian Bank was only foolin', and had not suspended at all.

5. October 27, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, October 27, 1873

Click image to open full size in new tab

Article Text

ST. LOUIS. Special Dispatch to The Chicago Tribune. THE BANKS TO RESUME. ST. LOUIS, Oct. 26.-The St. Louis banks will rèsume currency payments to-morrow. There is a little uneasiness in some quarters in regard to the result, but no serious trouble is anticipated. The banks have been strengthening themselves as well as they were able, and it is thought that nearly all will be able to go through without much difficulty. A few have been a little slow in redeeming their Clearing-House certificates, and there will probably be some of these out-standing for some days to come. It is said that the strong banks will help the weak ones until the crisis is passed. No run is expected, although many small depositors, it is thought, will withdraw their funds and transfer them to other banks. GENERAL BUSINESS. The jobbing trade is generally dull. Business on 'Change shows faint signs of revival. Manufacturers are running carefully. The saw-mills and flouring-mills are all in operation again. Building has been checked, and lumber men are complaining bitterly. The iron-mills and fur-

6. October 28, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, October 28, 1873

Click image to open full size in new tab

Article Text

# ST. LOUIS. Special Dispatch to The Chicago Tribune. St. Louis, Mo., Oct. 27.—The banks of St. Louis all resumed currency payment to-day. There was no excitement, and no signs of a run anywhere. All have strengthened themselves greatly since the suspension, and some report twice as much currency as they have on hand in ordinary times. Some bankers say that there is at present $6,000,000 or $8,000,000 more currency in the banks at present than they have commonly in their vaults. Nine hundred thousand dollars of the $1,400,000 Clearing-House certificates have been retired, and the rest will be withdrawn, it is thought, without trouble. If things go on quietly for a few days, it is hoped that discounts will be made as freely as they were a month ago. Exchange is sold at 1-10 to ¼ premium.

7. October 29, 1873 Lexington Weekly Intelligencer Lexington, MO
Article from Lexington Weekly Intelligencer, October 29, 1873

Click image to open full size in new tab

Article Text

The Dispatch asserts that the banks of St. Louis had five millions more currency in their vaults on Monday, when they resumed payment, than they had at their suspension.

8. October 30, 1873 The Saline County Journal Salina, KS
Article from The Saline County Journal, October 30, 1873

Click image to open full size in new tab

Article Text

On Monday the banks of St. Louis resumed currency payments. The event occurred without any unusual excitement. No runs took place, but, on the contrary, the deposits exceeded the demands. This action of the banks has been marked with no unusual excitement because there was a general public confidence in Western banks, and the approval with which business men received the intelligence that banks were not paying out heavy amounts of currency during the panic generated confidence among all classes, which soon settled into unconcern. The resumption by the St. Louis banks was tardy, when compared with the prompt action of the Chicago houses, and hence the business of the country governed by St. Louis markets has been rather backward. In this matter we see the need of more direct communication with Chicago by a road that will work up her interest on its line, that we need not be governed by the slow and easy going St. Louisans.

9. October 30, 1873 Evening Star Washington, DC
Article from Evening Star, October 30, 1873

Click image to open full size in new tab

Article Text

RESUMPTION OF CURRENCY PAYMENT IN ST. LOUIS. The banks of St. Louis all resumed currency payment on Monday. There was no excitement, and no signs of a run anywhere. All have strengthened themselves greatly since the suspension, and some report twice as much currency as they have on hand in ordinary times. Some bankers say that there is at present $6,000,000 or $8,000,000 more currency in the banks at present than they have commonly in their vaults. Nine hundred thousand dollars of the $1,400,000 clearing-house certificates have been retired, and the rest will be withdrawn, it is thought, without trouble. If things go on quietly for a few days, it is hoped that discounts will be made as freely as they were a month ago. Exchange is sold at 1-10 to ¼.

10. October 31, 1873 The State Journal Jefferson City, MO
Article from The State Journal, October 31, 1873

Click image to open full size in new tab

Article Text

Sr. LOUIS, Oct. 27th.-All fears that might have been entertained during the fore part of last week, that a run would be made upon the banks when currency payment was resumed, are allayed, as the has such an opinion. The experiment demonstrated banks opened the folly their of doors this morning as usual and if any banker anticipated a provoked demand he did not exhibit it in an outward appearance, but appeared as nonchalant as though his ready capital exceeded all liabilities to an extent not to be estimated. Checking was moderately active, but only to meet legitin.ate requirements, for which immediate capital is necessary. Deposits were as large as on any day since as the smoothly panic began, during and the everything tranquil worked days of prosperity. Discounting was decidedly liberal, considering the necessary stringency of the market which is but the result of the increasing fall business. and every tendency is toward a relief earnestly hoped for by our crippled trade. for two months past. Eastern exchange continues unusually scaree, while the demand is correspondingly large, and much inconvenience is oceasioned thereby. Rates are purely nominal, at a range of 1.10 to 1.25 premium over the counter, and from par to 5 cents premium per 81,000 between banks. The local stock and bond market continues slowly improving. but there is hardly enough animation to allow of any reliable quotations. Gold, buying at 107 1-2. Selling at 108. Silver, buying at 102. Selling at 104. ST. Louis, Oct. 28.-Currency resumption having taken place fully and successfully, without jog or jostle in the machinthat works it, few new are of veloping ery special importance. features The banks deof the city are better prepared to-day to meet the demands of trade than they have been during the year, and the reason is obvious: the short respite of the banks having terminated, it is now easy to see the benefit that has resulted from the suspension, notwithstanding the action must ever remain censurable, because of the injury that has resulted to business, and because such a policy was wholly unnecessary, as yesterday demonstrated ; but he benefits that have accrued are in the increase of banking capital, and in that we find the panacea for the anticipated severe fall stringency. Bankers all agree that their capital has been increased during the from to their collections from by suspension one-fourth the country been one-tenth and other sources, none of which has paid out, but now awaits the demands of trade, which will be eagerly accommodated next week. There is a fair amount of discounting to customers, and some to outsiders, at rates ranging from 8 to 12 per cent. and in the streets from 12 to 24 per cent. Gold, buying, 107 1-2. Selling, 109. Silver, buying, 102. Selting, 104.

11. November 1, 1873 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, November 1, 1873

Click image to open full size in new tab

Article Text

News and Other Items. The secession of Chicago from Illinois, and its establishment as an independent state, is still discussed by the local newspapers. The outcast women of Washingtan are said to have contribated $600 to the Memphis sufferers. The amount of bonds already placed by the syndicate is $70,000,000. Their contract ex:pires December 1st. The St. Louis banks, which suspended currency payments a few weeks ago, have all resumed, and are astonished to find that their receipts of currency exceed the payments. The recent storms did great damage on the lake coast in Huron county, Michigan. Many valuable piers were carried away, and vesse Is were driven upon the rocks. The Washington Chronicle advocates tibe passage of some law which will cure the alley :ed evils resulting from the abolition of the franking privilege. At a trial recently held in St. Louis, the pr isoner at the bar, the lawyer who was defendir ig him, the reporter and the Judge, were all clas 3mates in college.