Fourth National Bank (St Louis, MO)

View Charter #283 on SPMC View balance sheet

Episode Information

Episode UID
28300931
Episode Type
Run Only
Bank Type
national
Bank ID
2830 national
Charter Number
283
Start Date
July 16, 1877
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
de35deaef42ac40e

Response Measures

Accommodated withdrawals, Partial suspension

Clearinghouse involved: Yes (loan, examination, or other measures)

Events (3)
1. February 26, 1864 Chartered
Source
historical_nic
2. July 16, 1877 Run
Cause
Local Banks
Cause Details
Runs triggered by the closing/weakness of nearby institutions (North St. Louis Savings Association and Bank of St. Louis) which sparked small-depositor withdrawals.
Measures
Enforcement of thirty- and sixty-day rule for time certificates (reduced demands); current accounts promptly met.
Newspaper Excerpt
There were runs on the Fourth National and Boatmen's Savings Banks.
Source
newspapers
3. January 15, 1907 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (10)
1. July 15, 1877 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, July 15, 1877

Click image to open full size in new tab

Article Text

Financial matters in St. Louis are in a very disagreeable flurry, portending a pauic. Yesterday the Butchers' and Drovers' Bank, of which B. M. CHAMBERS, owner of the St. Lonis Times, is President, was compelled to close its doors. The liabilities Foot up $750,000, and the bank claims to leave "unscaled assets equal to $800.000. There were runs on the Fourth National and Boatmen's Savings Banks. The Lumbermen's Insurance Company has resolved to wind up its affairs, owing to the excessive lethargy of business.

2. July 17, 1877 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, July 17, 1877

Click image to open full size in new tab

Article Text

The Panic Continues. ST. LOUIS, July 16.-Contrary to ex. pectations, the flurry of Saturday regarding the condition of the banks, did not subside yesterday, but continued to-day, and was materially strengthened towards noon by the closing of the North St. Louis Savings Association and the Bank of St. Louis. As on Saturday, however, the persons engaged in the run are almost wholly confined to the small depositors of the savings institutions and small shop keepers, none of the merchants or business men of any pretentions taking any part in it The closing of the Northern Association. is attributed to a shortage of $10,000 at the clearing house this morning. The Bank of St. Louis did its clearing through the North St, Louis Savings and when the latter closed it had $27,000 worth of paper belonging to the Bank of St. Louis, and this forced the latter to suspend. The action of the North St. Louis Savings Bank has given rise to consider. able severe comments. The banks run on were the Fourth National, the Provident Savings, the Franklin avenue German Bank and the Boatmen's Savings. All the current accounts were promptly met, however, and there was at no time any noticeable excitement. Everything was done in a quiet and orderly manner, and the crowds (it they can be called crowds) at the various banks were quite small. Before noon it was agreed that the time certificates, which were freely paid on Saturday and early this morning, should be subject to the rule of thirty and sixty days' notice, except in cases whe 9 urgent need of money could be show This had the effect of redncing the demands to a considerable extent, and the vigor of the run was a good deal relaxed, and several other Savings institutions were more or less besieged, but they all asserted their ability to meet all just demands, The commercial banks are pursuing the even tenor of their way, being very little, if any, effected.

3. July 17, 1877 Public Ledger Memphis, TN
Article from Public Ledger, July 17, 1877

Click image to open full size in new tab

Article Text

ST. LOUIS. Business at Banks this Morning Opened with Brighter Prospects -The Rans Stopped. ST. Louis, July 17.-This morning business at the banks opened with much brighter prospects, and up to this hour (eleven o'clock) nothing of special note has transpired. A very few people, not more than half a dozen at any one time, have been at the Fourth National and Provident Savings banks presenting their checks, which have been promptly paid. The run seents to have stopped, and it is hoped there will be no further excitement or trouble. Still, it cannot be said what the day will bring forth. The officers of the St. Louis Savings Bank assert that the assets of the bank exceed its liabilities fully one hundred and fifty thousand dollars, and that they can be pretty easily realized upon. The deposits amount to $600,000. The bank will go into liquidation. It is said that Espy, Heidelbach & Co., of Cincinnati, had a considerable sum in the bank when it closed. As stated yesterday. Mr. Merrill, president of the Bank of St. Louis, says that the bank will pay its depositors every dollar. The current deposits are about $500,000, and time deposits $33,000, with assets more than sufficient to pay all. The bank had a large amount of New York exchange which it could not dispose of, but it could have pulled through had not the North St. Louis Savings closed, locking up $27,000 of its clearings.

4. July 18, 1877 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, July 18, 1877

Click image to open full size in new tab

Article Text

The Shopkeepers of the Mound City Are Pante-Stricken, and Strengthen the Excitement By a Run on the Banks. Substantial Merchants and Business Men of the City Generally Do Not Apprehend Any Serious Disaster to Follow the Present Flurried State of Affairs. [Noon Associated Press Report.) ST. LOUIS, July 17.-Contrary to expectation, the flurry of Saturday, regarding the condition of the banks, did not subside yesterday, but continued, and was materially strength. ened toward noon by the closing of the North St. Louis Savings Association and the Bank of St. Louis. As on Saturday, however, the persons engaged in the run are almost wholly confined to small shopkeepers. No merchants or business nien of any pretensions are taking part in it. The closing of the North St. Louis Savings Association is attributed to 16 shortage of $10,000 at the clearing house. Yesterday morning the Bank of St. Louis did its clearing through the North St. Louis Savings Association, and when the latter closed it had $25,000 of paper belonging to the Bank of St. Louis. This caused the latter to suspend. The actions of the North St. Louis Savings has given rise to considerable severe comment. The banks run on the most were the Fourth National, Provident Savings, Franklin avenue and German Savings and Boatman's Savings. All current accounts were promptly met, however, and there was at no time any noticable excitement. Other savings banks were more or less besieged, but they all assertea their ability to meet all just demands. There is a strong disposition manifested on the part of small depositors in most of the banks, especially in savings, to obtain their money, but substantial merchants and business men of the city generally do 0 not apprehend any serious disasters to 1 follow the present state of affairs.

5. July 18, 1877 The New Orleans Daily Democrat New Orleans, LA
Article from The New Orleans Daily Democrat, July 18, 1877

Click image to open full size in new tab

Article Text

DOMESTIC NEWS. THE RUN ON THE ST. LOUIS BANKS. Reported Condition of the Two Lately Suspended Banks. [Special to the Democrat.] ST. LOUIS, July 17.-The North St. Louis Savings Bank will go into liquidation. Its officers assert that its assets exceed the liabilities fully $150,000. It is said that Espy, Heidelbach & Co., of Cincinnati, had a considerable sum in the bank when it closed. Mr. Merrill, President of the Bank of St. Louis, says that the depositors will be paid in full. ST. LOUIS, July 16.-Contrary to expectatlon, the flurry of Saturday regarding the condition of the banks, did not subside yesterday but continued to-day and was materially strengthened towards noon by the closing of the North St. Louis Savings Association and the Bank of St. Louis. As on Saturday, however, the persons engaged in the run are almost wholly confined to small shopkeepers; no merchants or business men of any pretension taking part in it. The closing of the North St. Louis Savings is attributed to shortage of $10,000 at the Clearing-House. This morning the Bank of St. Liouis did its clearing through the North St. Louis Savings, and when the latter closed it had $27,000 of paper belonging to the Bank of St. Louis. This forced the latter to suspend. The action of the North St. Louis Savings Bank has given rise to considerable severe comment. The banks run on most to-day were the Fourth National, Provident Savings, Franklin Avenue, German Savings, and Boatmen's Savings. All current accounts were promptly met, however, and there was at no time any noticeable excitement. The other savings institutions were more or less besieged, but they all asserted their ability to meet all just demands. There is a strong disposition manifested on the part of small depositors in most of the banks, especially in savings institutions, to obtain their money, but substantial merchants and business men of the city generally do not apprehend any serious disasters to follow the present state of affairs.

6. July 18, 1877 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, July 18, 1877

Click image to open full size in new tab

Article Text

The Financial Crisis-Bank of St. Louis Will Pay in Full. Sr LOUIS, July 17.-This morning business at the banks opened with brighter prospects, and up to the hour of 11 o'clock nothing of special note has transpired. Very few people, not more than half a dozen at any one time, have been at the Fourth National and Provident Savings Banks presenting checks, which have been promptly paid. The run seems to have stopped, and it is hoped that there will be no further excitement f or trouble. Still, it cannot be said what the day will bring forth. The officers of the North St. Louis Say. . ing Institution assert that the assets of e the bank exceed the liabilities by $150,. 000, and that they can be pretty easily to 0 $600,000. realized upon. The bank The will deposits go into amount liquiday tion. It is said that Eisher, Hilulback & 8 Co., of Cincinnati, had a considerable a sum in coin in the bank when it closed. 8 Asstated yesterday Mr. Merrill, President of the bank, will pay the depositors every dollar. The current deposits are about $50,000 and time deposits $33,000, with assets more than sufficient to pay all. The bank had a large amount in New York exchange which it could not dispose of, but it could have pulled through had not the North St. Louis Savings Institution closed, locking up $27,000 of its clearings. BREMEN BANK. Sr. LOUIS, July 16.-A pretty well authenticated report has just come down from the extreme northern part of this city that the Bremen Bank had closed. No particulars can be given at the present writing. The run on the down town banks may be regarded as stopped. The enforcement of the thirly days notice yesterday, regarding the time certificates, seems to have effected this result, and as the small current accounts in the savings banks have mostly been drawn out the excitement has about subsided, and business is again progressing in its regular channel.

7. July 18, 1877 The Sun New York, NY
Article from The Sun, July 18, 1877

Click image to open full size in new tab

Article Text

THE ST. LOUIS BANKS. The Excitement SubsldIng-Condition of the North St. Louis Savings Bank. ST. LOUIS, July 17.-This morning's business at the banks opened with bright prospects. and up to 1 P. M. nothing of special note had transpired. Very few people-not more than half a dozen at any one time-have been at the Fourth National and Provident Savings Banks presenting checks. which have been promptly paid. The run seems to have stopped, and it is hoped there will be no further excitement or trouble. Still, it cannot be known what a day will bring forth. The officers of the North St. Louis Savings Bank assert that the assets of the bank exceed the liabilities fully $150,000. and that they can be pretty easily realized upon. The deposits amount to $600,000. The bank will go into liquidation. It is said that Espy. Heidelbach & Co. of Cin innati had a considerable sum in the bank when it closed. As stated yesterday. Mr. Merrill baith President with pay of NE the Bank uppos itors every dollar. The current deposits amount to about $50,000, and the time deposits to $33,000. with assets more than sufficient to pay all. The bank had a large amount in New York exchange. which it could not dispose of, but it could have pulled through had not the North St. Louis Savings Bank closed up $27,000 of its clearings. Well-authenticated reports have just come from the extreme northern part of the city that the broken bank has closed its doors. The run on down-town banks may be regarded as stopped. The enforcement of the thirty days' notice rule yesterday regarding time certificates seems to have effected this result, and, as the small current accounts in savings banks were mostly drawn out. the excitement has about subsided, and business is progressing again in its regular channels.

8. July 18, 1877 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, July 18, 1877

Click image to open full size in new tab

Article Text

MISSOURI. Bank Matters. ST. LOUIS, July 17. This morning business opened at the banks with bright prospects, and at eleven o'clock nothing of special note had transpired. Very few people, not more than a half dozen at the time, were at the Fourth National and Provident Savings Banks, presenting checks, which were promptly paid. The run seems to have stopped. The officers of the North St. Louis Savings Brnk assert the assets of the bank exceed the liabilities $150,000, and they can be pretty easily realized upon deposits of $600,000. The bank will go in liquidation.

9. July 20, 1877 Vicksburg Weekly Herald Vicksburg, MS
Article from Vicksburg Weekly Herald, July 20, 1877

Click image to open full size in new tab

Article Text

ST. LOUIS BANKS. Closing of the North St. Louis Savings Association, and the Bank of St. LouisRuns on Other Banks, but no Serious Disasters Apprehended. ST. LOUIS, July 17.-Contrary to expectation of Saturday, regarding the condition of the banks, the excitement did not subside yesterday, but continued to-day, and was materially strengthened towards noon by the closing of the North St. Louis Savings Association and the bank of St. Louis. On Saturday, however, the persons engaged in the run were almost wholly confined to small shop keepers-no merchants or business men of any pretensions taking part in it. The closing of the North St. Louis Savings bank is attributed to a shortage of $1,000 at the Clearing-house. This morning the bank of St. Louis did its clearing through the North St. Louis Savings, and when the latter closed, it had $27,000 of paper belonging to the Bank of St. Louis. This forced the latter to suspend. The action of the North St. Louis Savings ha< given rise to considerable severe comment. The banks run on most to-day, were the Fourth National, Provident Savings, Franklin Avenue, German Savinge, and Boatmen's Savings. All cure rent accounts were promptly met, howo ever, and there was at no time any noticeable excitement. Other Savings Institutions were more or less besieged, but they all asserted their ability to meet all just demands. There is a strong disposition manifested on the part of small depositors in most of the banks, especially in the Savings Institutions, to obtain their money, but substantial merchants and business men of the city generally do not apprehend any serious disasters to follow the present state of affairs. ST. LOUIS, July 17.-There are wellauthenticated reports from the extreme northern part of the city that the Bremen bank has closed its doore. The run on down town banks may be regarded as stopped. The enforcement of the thirty days' notice rule is enforced. Mr. Merrill, President of the Bank of St. Louis, says that bank will pay its depositors every dollar.

10. July 21, 1877 The Dallas Weekly Herald Dallas, TX
Article from The Dallas Weekly Herald, July 21, 1877

Click image to open full size in new tab

Article Text

BANK FLURRY. e The Shopkeepers of the Mound City Are Panic-Stricken, and Strengthe i en the Excitement By a Run on the Banks. Substantial Merchants and Business Men of the City Generally Do Not Apprehend Any Serious Disaster to Follow the Present Flurried State of Affairs. Chicago Likewise in the Panicky Ed. dy-The Kun OR the Fidelity and State Savings, by Small Depositors Quiet Restored in St. Louis. ST. LOUIS, July 17.-Contrary to expectation, the flurry of Saturday, regarding the condition of the banks, did not subside yesterday, but continued, and was materially strengthened toward noon by the elosing of the North St. Louis Savings Association and the Bank of St. Louis. This morning business at the banks opened with bright prospects. At 11 o'clock, nothing of special note had transpired. Very few people, not more than one-half a dozen at any one time, have been at the Fourth National bank and Provident Savings bank presenting checks, which have been promptly paid. The run seems to have stopped, and it is hoped no further exeitement or trouble will occur. The officers of the North St. Louis Savings bank, asserts that the assets of the bank exceed the liabilities fully $150,000. This can be easily realized. The deposits amount to $600,000. The bank will go into liquidation. It is said Espy, Hudlebach & Co., of Cineinnati, Ohio, bad & considerable sum in bank when it closed. As stated, yesterday, Mr. Merrell, president of the Bank of St. Louis, says the bank will pay its depositors every dollar. The current deposits amount to about $50,000, time deposits to $350,000, with assets more than sufticient to pay all. The bank had a large amount in New York exchange, which it could not dispose of; but it could have puiled through had not the North St. Louis savings bank closed up $27,000 of its clearings. Well authenticated reports from the extreme northern part of the city any that the Bremen bank has closed its doors. The run on the down town banks may be regarded as stopped. The thirty days' notice rule will be enforced. CHICAGO, III., July 18.-There has been a small run, by light depositors, to-day, on the State Savings bank, but there is nothing like a rush. The bank officers frequently pay out more in a forenoon in ordinary course of business, than they have up to 1 o'clock, to-day. It is probable the run will cease to-morrow, as that inaugurated yesterday on the Fidelity has to-day. ST. LOUIS, July 18.-Banking matLers are very quiet. Over three million dollars arrived here yesterday by express for banking purposes. ST. Louis, July 19.-Everything in banking and among depositors is quiet. Yesterday, business resumed its regular channels.