First National Bank (Dubuque, IA)

Episode Information

Episode UID
31701124
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
3170 national
Charter Number
317
Start Date
August 17, 1893
Location
Dubuque, Iowa (42.501, -90.665)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6f6e866a3079c2e9

Response Measures

Full suspension, Books examined

Description

Reports attribute the suspension to continuous withdrawals largely by country banks; reopening date varies across reports.

Events (4)

1. March 15, 1864 Chartered
Source
historical_nic
2. August 17, 1893 Run
Cause
Local Banks
Cause Details
Continuous withdrawals of deposits, understood to be mostly by country banks draining liquidity.
Newspaper Excerpt
The failure is due to withdrawals.
Source
newspapers
3. August 17, 1893 Suspension
Cause
Local Banks
Cause Details
Suspension attributed to continuous withdrawals (deposits drawn out), leaving the bank unable to meet payments.
Newspaper Excerpt
The First National bank of this city suspended this morning.
Source
newspapers
4. August 26, 1893 Reopening
Newspaper Excerpt
The comptroller says the First National Bank of Dubuque opens within a week; after a suspension of nine days the First National bank opens its doors for business tomorrow with assets on hand equal to liabilities.
Source
newspapers

Newspaper Articles (20)

Article from San Antonio Daily Light, August 17, 1893

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Article Text

An Iowa Bank Drops Out. DUBQUE, Ia., Aug. 17.-The First National Bank of this city, suspended this morning. It was one of the oldest institutions in the city, and had a capital of two hundred thousand dollars. The last statements showed deposits of all kinds amounting to $520,890. The officers say the bank is solvent and that it will resume in a short time, and that depositors will be paid in full. The other banks'of the city are believed to be perfectly solvent.


Article from Deseret Evening News, August 17, 1893

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Article Text

Due to Withdrawals. DUBUQUE, Aug. 17.-The First Na. tional bank, one of the oldest institutions in the city, with a capital of $2,000,000, suspended this morning. The last statement showed, deposits $520,890. The failure is due to withdrawals.


Article from The Herald, August 18, 1893

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Article Text

A Dubaque Bank Fails. DUBUQUE, Ia., Aug. 17.-The First National bank, one of the oldest institutions in the city, capital $200,000, suspended this morning. The last statement showed deposits amounting to $520,890. The failure is due to withdrawals.


Article from Richmond Dispatch, August 18, 1893

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Dubuque's First Fatture. (By telegraph to the Dispatch.] DUBUQUE, Ia., August 17.-The First National Bank. of this city, suspended this morning. It was one of the oldest institutions in the city and had a capital of $200,000. This is the first failure in Du. buque since the financial trouble began.


Article from Wood River Times, August 18, 1893

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THE LATEST NEWS. Nearly $30,000,000 Gold Drawn from Europe. The Labor Riots Begun-The Senate Finance Committee Recommends Unconditional Repeal, but Favors Bimetallism-Etc. Specials to the WOOD RIVER TIMES.] NEW YORK, Aug. 17.-The steamer Lahn arrived with ยฃ672,055 in gold from Southampton and 1,073,300 francs from Paris. LONDON, Aug. 17.-ยฃ314,000 in gold were withdrawn from the Bank of England to-day for shipment to the United States. NEW YORK, Aug. 17 -The steamer Munchen, from Bremerhaven, has arrived with $250,000 in gold. Bankers are in receipt of cables advising of further consignments. So far since the panic began, nearly $30,000,000 in gold has been received here from Europe. The total issue of clearing house certificates to date is $37,387,000. The Oliver Iron and Steel Company. of Pittsburg, Pa., has failed, espital $1,600,000. Apparent indebtedness, $600,000; bonded indebtedness, $585,000. It employed 4000 men, and its sales aggregated $5,500,000 annually. There are six new cases cf cholera reported in Antwerp, this morning, five of which are fatal. The Frisco express due at St. James, Mo., this morning, was held up by two robbers, who cleaned the express safe and got away. The Burlington & Missouri railroad is graded to the Montana line. The First National Bank of Duhuque, Iowa. has failed. Capital $2,000,000. Deposits $520,980. A dozen passengers were hurt in a collision on the St. Paul road, near Dubuque, Iowa, this morning. Over 5000 men, mostly Hebrews representing the clothing trades, took forcible possession of Waihalla Hall, Orchard street, New York, to hold as meeting. This is the first of the labor riots predicted there. Several persons were injured in the fight with the police. WASHINGTON, Aug. 17.-Senstor McMillan has introduced in the Sens ate a bill to provide for a more extended use of gold. It amends the statutes by reducing from twenty to five dollars the minimum of the issue of gold certificates for gold and bullion deposits. The Senate Finance Committee re. ports in favor of the unconditional repeal of the silver clause of the Sherman law, but the bill contains a declaration favorable to bi-metallism, and the committee asks an early day fixed for a vote.


Article from The Salt Lake Herald, August 18, 1893

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Article Text

An Iowa Bank Fails. DUBUQUE, Aug. 17.-The First National bank, one of the oldest institutions in the city, capital, $200,000, suspended this morning. The last statement showed deposits $520,890. The failure is due to withdrawals.


Article from The Seattle Post-Intelligencer, August 19, 1893

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Article Text

The First National bank of Dubuque, In, has suspended.


Article from Ceredo Advance, August 23, 1893

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Article Text

A Failure at Dubuque, DUBUQUE, Ia., Aug. 18.-The First National bank of this city suspended Thursday morning. It was one of the oldes institutions in the city and had a capital of $200,000. The last statement showed deposits of all kinds amounting to $520,890. The cause of the failure is the continuous withIrawal of deposits which were understood to be mostly of country banks.


Article from The Middleburgh Post, August 24, 1893

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Article Text

Financial and Commercial. The Backbone of the currency famine in Eastern cities appears to be almost broken. The First National bank, of Rico, Col., which suspended payment in June, on Thursday reopened its doors for business, The First National Bank, of Dubuque, Ia., has suspended. At Leadville, Col., 'the American National Bank, which closed July 1, opened its doors for business.


Article from The Ohio Democrat, August 26, 1893

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Article Text

A Failure at Dubuque. DUBUQUE, Ia., Aug. 18.-The First National bank of this city suspended Thursday morning. It was one of the oldest institutions in the city and had a capital of $200,000. The last statement showed deposits of all kinds amounting to $520,890. The cause of the failure is the continuous withdrawal of deposits which were understood to be mostly of country banks.


Article from St. Paul Daily Globe, August 26, 1893

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Article Text

Banks Reopening. Special to the Globe. W ASHINGTON, Aug. 25.-Comptroller Eckels today received notice that the First National Bank of Hawarden, Io., had suspended. Bank Examiner Diamond, of North Dakota, has been directed to take charge of it. The comptroller says the First National Bank of Dubuque opens within a week, and both national banks at Le Mars shortly.


Article from Grand Rapids Herald, August 30, 1893

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Article Text

Dubuque Bank Reopened. DUBUQUE, Iowa, Aug. 29. After a suspension of nine days the First Na. tional bank opena its doors for business tomorrow with assets on hand equal to liabilities.


Article from St. Paul Daily Globe, August 31, 1893

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BANKS OPENING. Comptroller Eckels Unlocks the Cash Boxes. WASHINGTON, Aug. 30.-Comptroller Eckels is informed that the court has sustained him in the position he took in the case of the Washington National Bank of Tacoma, Wash. The decision is regarded as important, sustaining the right ot the comptroller of the currency to the sole control under the law of the national banks of the country. The following national banks which recently suspended have been today permitted to open their doors to business: The First National Bank of Dubuque, 10. the First National Bank of Grand Junction, Col. The comptroller of the currency has authorized the following national banks to reopen on Sept. 1: The American National Bauk of Omaha, Neb.; the American National Bank of Nashville. The following national banks in Minnesota have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato, the National Citizens' Bank of Mankato, the Mankato National bank. Comptroller Eckles left this evening for bis home at Ottawa, III., to spend a two weeks' vacation.


Article from The Madison Daily Leader, August 31, 1893

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Permission to Open. WASHINGTON, Aug. 81.-The following national banks, which recently suspended, have been permitted to open their doors to business at once: The First National bank of Dubuque, Ia.; the First National bank of Grand Junction, Colo. The comptroller of the currency has outhorized the following national banks to resume on Sept. 1: The American National bank of Omaha, Neb,; the American National bank of Nashville, Tenn. The three national banks in Mankato. Minn., have been authorized to reopen for business on Sept. 7.


Article from The Kimball Graphic, September 2, 1893

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MORE BANKS RESUME. Suspended National Banks Which Are Ready for Business Again. WASHINGTON, Aug. 31.--The foll ow ing national banks which recently sus pended. have been today permitted tc open their doors to business: The First National bank, of Dubuque Ia The First National bank, of Grand Junction. Colo. The comptroller of the currency au thorized the following national banks to reopen on September 1: The American National bank, of Omaha The American National bank, of Nash ville. Tenn.


Article from The Van Buren Press, September 2, 1893

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The following National banks which recently suspended, was on the 30th permitted to reopen their doors to business: The First National Bank, of Dubuque, Ia. ; the First National Bank, of Grand Junction, Colo. The Comptrolle r of the Currency authorized the following National Banks to reopen on September 1: The American National Bank, of Omaha, and the American National, of Nashville. The following National banks in Minnesota have been authorized to reopen on September 7: The First National, of Mankato, the National Citizens, of Mankato, the Mankato National.


Article from The Star, September 6, 1893

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# BANK RESUMPTIONS. Many Reported From Different Parts of the Country. A telegram from Washington says: The following national banks, which recently suspended payment, have been permitted to reopen their doors for business: The State national bank of Denver, Col.; the Louisville city national bank, of Louisville, Ky.; the Merchants' bank of Louisville; Ky.; the First national bank of Ashland, Wis., and the First national bank of Platteville, Wis.; the German national bank of Denver, Col.; the First national bank of Canon City, Col. At Minneapolis, the Bank of New England, which suspended about a month ago, has resumed business. At San Francisco the People's home savings bank, which closed its doors June 23, opened for business. A statement issued by the national banks of Kansas City shows that since the height of the financial flurry, which was reached on June 19, the deposits have increased $2,000,000. The First national bank of Dubuque, Ia.; the First National bank of Grand Rapids, Col. The American national bank of Omaha, Neb.; the American national bank of Nashville, Tenn. The First national bank of Mankato, the National Citizens' bank of Mankota the Mankato national bank, all of Mankato, Minn.


Article from The Austin Weekly Statesman, September 7, 1893

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Voorhees first giving notice that he would tomorrow ask the senate to set aside the pending bank bill in favor of house bill No. 1, the Wilson repeal bill, as reported to the senate. Senator Teller finished his speech of yesterday, and "fter a short executive session the senate adjourned. HOUSE. WASHINGTON, Aug. 30.-After the usual routine business was transacted. Mr. Breckenridge reported the urgent deficiency appropriation bill and it was passed. Mr. Bowers asked consent for immediate consideration of the resolution calling on the attorney general for information as to whether any action was in the cases now pending in which the Southern Pacific railroad begun its action to disposses settles on public lands. Mr. Bynum objected and the house resumed consideration of the new rules and the house soon adjourned. CLEVELAND GLAD. The following telegram from the president regarding the vote in the house Monday on the silver question was received this morning by Chairman Wilson, who introduced the repeal bill: BUZZARD'S BAY, Mass., Aug. 29. To Hon. Wm Wilson: Please accept for yourself and associates in today's achievements my hearty congratulations and sincere thanks. (Signed) GROVER CLEVELAND. BANK RESUMPTIONS. The following banks were permitted to resume business on Sept. 1: First National, Dubuque, Ia.; First National, Grand Junction, Col.; American National. Omaha; American National, Nashville. On Sept. 7: First National, National Citizens, Mankoto National, all of Mankoto, S. D. VOORHEES BILL. One of the most prominent members on the Democratic steering committee of the senate said today that a majority of seven is assured for the Voorhees bill in the senate. When Baby was sick, we gave her Castoria. When she was a Child, she cried for Castoria. When she became Miss, she clung to Castoria. When she had Children, she gave them Castoria, Strike Against a Reduction. DULUTH, Mion., Sept. 1.-All the street non employes D.B.O. out on o strike


Article from The Wichita Daily Eagle, January 3, 1894

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Aug. 9-Bank of Colfax. Wash Sutton county bank of Sonora, Tex Commercial bank of Minneapolis, Minn Union national bank of Nashville, Tenn. Aug. 10-American national bank at Nashville, Tenn. (resumed Sep. 1) Caldwell county exchange bank at Kingston, Mo Exchange bank at Polo, Mo. Aug. 12-Prairie city bank at Terre Haute, Ind Josiah Morris & Co., private bankers at Montgomery, Ala.: $1,100,000 People's bank at Lewisburg, Tenn. Aug. 14-Citizens' national bank at Attica, Ind. Bank of Springfield, Mo People's, Citizens' and Commercial banks at Pulaska, Tenn. A. R. Beck Lumber company at South Chicago, III.: $560,000. Aug. 15-Hartford bank of Phoenix. A T Northern Pacific Railway company. Aug. 16-Union national bank at Racine, Wis. Banks at River Falls and Ellsworth, Wis. Aug. 17-First national bank at Dubuque, Ia. (resumed Aug. 20) National bank of South Penn at Hyndman. Pa Bank at Albany. Mo Oliver Iron & Steel company of Pittsburgh, Pa.; $700,000 Standard Wagon company at Cincinnati: $700,000. Aug. 22-Samuel W. Clark, lumber dealer of Zanesville, O.; $1,500,000. Aug. 24-Navarro Mill company in San Francisco, $1,000,000 Dillon national bank at Helena, Mont Aug 25-Ford county and First national banks at Paxton, III. Aug. 28-First national bank of York Neb George C. Cribb, dealer in agricultural implements in Milwaukee; $600,000. Aug. 30-Nicaragua Canal Construction company of New York. Sep 1-Equitable Mortgage Co. of Missouri, at New York: $19,000,000 Denver (Col.) savings bank; $670,000. Sep. 18-Crippen. Lawrence & Co., Denver loan concern: $1,000,000. Sep. 19-Mast, Bufford & Burwell Carriage company at St. Paul: $1,200,000. Oct. 6-Merchants' bank of Lockport, N. Y. Oct. 18-National bank at Hutchinson, Kan, $135,000. Nov. 1-James C. Savery, proprietor of the largest hotel in Iowa, assigned at New York; $1,000,000. Nov. 22-American Casualty company in New York; $1,700,000. Dec. 11-Receivers appointed for agricultural implement establishment of C. Aultman & Co. at Canton, O.; $1,000,000. Dec. 15-Crane Iron company of Philadelphia; $700,000.


Article from The Kinsley Graphic, January 5, 1894

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Aug. 9-Bank of Celfax. Wash Sutton county bank of Sonora, Tex Commercial bank of Minneapolis, Minn Union national bank of Nashville, Tenn Aug. 10-American national bank at Nashville, Tenn. (resumed Sep. 1) Caldwell county exchange bank at Kingston, Mo Exchange bank at Polo, Mo. Aug. 12-Prairie oity bank at Terre Haute, Ind Josiah Morris & Co., private bankers at Montgomery, Ala.; โ‚ฌ1,100,000 People's bank at Lewisburg, Tenn. Aug. 14-Citizens' national bank at Attica, Ind. Bank of Springfield, Mo People's, Citizens' and Commercial banks at Pulaska. Tenn. A. R Beck Lumber company at South Chicago, III.; $560,000. Aug. 15-Hartford bank of Phoenix, A T Northern Pacific Railway company. Aug. 16-Union national bank at Racine, Wis. Banks at River Falls and Ellsworth, Wis. Aug. 17-First national bank at Dubuque, Ia. (resumed Aug. 20) National bank of South Penn at Hyndman. Pa Bank at Albany. Mo Oliver Iron & Steel company of Pittsburgh, Pa.; $700,000 Standard Wagon company at Cincinnati; $700,000. Aug. 22-Samuel W. Clark, lumber dealer of Zanesville, O.; $1,500,000. Aug. 24-Navarro Mill company in San Fran$1.000,000 Dillon national bank at cisco, Helena, Mont. Aug 25-Ford county and First national banks at Paxton, ml. Aug. 28-First national bank of York, Neb George C. Cribb, dealer in agricultural implements in Milwaukee; $600,00). Aug. 30-Nicaragua Canal Construction company of New York. Sep 1-Equitable Mortgage Co. of Missouri, at New York: 19,000,000 Denver (Col.) savings bank; $670,000. Sep. 18-Crippen, Lawrence & Co., Denver loan concern: $1,000,000. Sep 19-Mast. Bufford & Burwell Carriage company at St. Paul: $1,200,000. Oct. 6-Merchants' bank of Lockport, N. Y. Oct. 18-National bank at Hutchinson, Kan, $135,000. Nov. 1-James C. Savery, proprietor of the largest hotel in Iowa, assigned at New York; $1,000,000. Nov. 22-American Casualty company in New York; $1,700,000. Dec. II-Receivers appointed for agricultural implement establishment of C. Aultman & Co. at Canton, O.; $1,000,000. Dec. 15-Crane Iron company of Philadelphia; $700,000.