Mechanics Bank - Pittsburg, PA

Episode Information

Episode UID: 365938591018
Episode Type: Run → Suspension → Unsure
Bank Type: state
Bank ID: 36593859 hash
Start Date: October 8, 1884
Location: Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ae4f36adf5c46429

Response Measures

None

Description

Article states the bank closed its doors after large withdrawals; no follow-up on reopening or receivership in this clip.

Events (2)

1. October 8, 1884 Run

Cause Details: Large withdrawals by depositors precipitated the run; no specific rumor or scandal mentioned.
Newspaper Excerpt: the withdrawal of large sums, precipitated a suspension.
Source: newspapers

2. October 8, 1884 Suspension

Cause Details: Bank closed its doors after heavy withdrawals leading to suspension of payments.
Newspaper Excerpt: the Mechanics bank of that city closed its wors to-day...withdrawal of large sums, precipitated A suspension.
Source: newspapers

Newspaper Articles (1)

1. October 9, 1884 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, October 9, 1884

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Article Text

Bank Fatiure. PITTSBURG, PA., Oct. 8.-A Post Altoona, Pennsylvania, special says the Mechanics bank of that city closed its wors to-day. No notice was posted on the doors, butit was subsequently learn ed that the withdrawal of large sums, precipitated A suspension. No statement of assets or liabilities can at present be ascertained. It is thought, however, but the concern will be able to pull through. The other banks here are solid and ready to meet any anticipated ruh of small depositors to morrow.