gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7b17d30338fc5b18
Response Measures
None
Events (4)
1.May 16, 1864Chartered
Source
historical_nic
2.August 19, 1878Suspension
Cause
Bank Specific Adverse Info
Cause Details
Insolvency/default of the large tobacco firm Harris, Beebe & Co., which left paper unpaid to the bank.
Newspaper Excerpt
The First National ... has suspended. It is understood the large tobacco firm of Harris, Beebe & Co., were unable to meet their paper due to the bank and made it necessary to take this step.
Source
newspapers
3.September 19, 1878Reopening
Newspaper Excerpt
The First National Bank, which recently suspended, re-opened this morning, with money on hand to pay all demands.
Source
newspapers
4.January 16, 1899Voluntary Liquidation
Source
historical_nic
Newspaper Articles (11)
1.August 19, 1878The Rock Island ArgusRock Island, IL
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Article Text
Failure of the National Bank at Quincy, Ills. QUINCY. Ills.. August 19.- - The first national bank, which is the only national bank in the city, has suspended. It is understood the large tobacco firm of Harris, Resbe & Co., were unable to meet their papers due to the bank, and made it necessary to take this step, Some years ago burglars stole $100,000 from this bank. No statement of the bank's affairs is given except that of the directors and officers that all the liabilities will be met.
2.August 20, 1878The New Orleans Daily DemocratNew Orleans, LA
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Article Text
Bank Failures. QUINCY, Ill., Aug. 19.-Considerable excitement was created here to-day by the announcement of the suspension of the First (and only) National Bank of th is city, and the Quincy Savings Bank, connected therewith, caused by the insolvency of the firm of Harris, Beebe & Co. This is the same bank that was burglarized some time ago to the extent of $100,000. It has always been regarded as the strongest and best managed bank here. The officers assure depositors that every dollar will be paid. This assurance is also given privately by the directors to their friends, who
ILLINOIS. A National Bank Succumbs. Quincy, Aug. 19.-The First National, which is the only national bank in the city, has suspended. It is understood that the large tobacco firm of Harris, Beebe & Co., were unable to meet their paper due to the bank and made it necessary to take this step. Some years ago burglars stole $100,000 from this bank. No statement of the bank's affairs is given except that of the directors and officers that all liabilities will be met.
Suspension of a National Bank. QUINOY, ILLS, August 19.-The First National, the only National Bank in this city, has suspended. The large tobacco firm of Harris, Beebe & Co. were unable to meet the paper duethe bank and made it necessary to take this step. Some years ago burglars stole-$100,000 from the bank. No statement-was-givenex cept that the directors and officers say that all the liabilities will be met.
5.August 20, 1878The Daily DispatchRichmond, VA
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Article Text
Bank Suspension. QUINCY. ILL., August 19.-The First National Bank, the only bank in the city, has suspended. The officers say the liabilities will be met.
6.August 21, 1878Ottumwa Weekly CourierOttumwa, IA
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Article Text
Bank Suspension. QUINCY, Ills., Aug. 19.-The First National Bank, which is the only naaional bank in the city, has suspended. It is understood that the large tobacco firm of Harris, Beebe & Co., were unable to meet their proper dues to the bank, and it made it necessary to take this step. Some years ago burglars stole $100,000 from this bank. No statement of the bank's affairs is given except that of the directors and officers that all liabilities will be met.
7.August 24, 1878Lexington Weekly IntelligencerLexington, MO
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Article Text
The First National and Quiney savings banks, Quiney, Ills. suspended business, last Monday. The strongest assurances are given that depositors will be paid in full.
8.August 27, 1878The New Bloomfield, Pa. TimesNew Bloomfield, PA
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Article Text
Another Bank Goes Up. QUINCY, Ill., August 19.- The First national bank in this city has suspended payment. It is understood that th e large tobacco firm of Harris, Beebe & Co., were unable to meet their paper due to the bank and that the latter found it necessary to take this step. Some years ago burglars stole $100,000 from this bank. No statement of the affairs of the bank has been given except that of the directors and officers, who say that all liabilities will be met.
Resumed Business. ) QUINCY, ILL., September 19.-The First National Bank, which recently suspended, re-opened this morning, with money on hand to pay all demands. The deposits Tex. to-day exceeded the withdrawals,
10.September 20, 1878Daily Kennebec JournalAugusta, ME
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Article Text
President Hayes. TOLEDO, September 19. The President and Mrs. Hayes arrived from Fremont this morning. spending the day in the city and in attendance at the State Fair, under the escort of Mayor Jones and the reception committee, and the 16th regiment. At the fair grounds it is estimated that 75,000 people were assembled to bear Mr. Hayes speak. ILLINOIS. Body Found. CHICAGO, September 19. The dead body of B. W. Fay, hatter, was found on the docks last evening, with a bullet hole through the head. Proba. ble suicide. Fire. The Catholic church at Galena, Illinois, is destroyed by fire. Loss, $15,000. Bank Matters. QUINCY, September 19. The First National Bank, which recently suspended, re opened this morning with money on hand to pay all demands. The deposits to-day exceed the withdrawal.
11.September 20, 1878Daily GlobeSaint Paul, MN
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Article Text
Banking Notes. QUINCY, Ill., Sept. 19.-The First national bank, which recently suspended, reopened this morning with money in hand to pay all demands. The deposits to-day exceeded the withdrawals. BOSTON, Sept. 19.-The stockholders of the Merchants national bank, of this city, voted to-day to reduce the capital from $1,000,000 to $750,000, subject to approval of the comptroller of the currency.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
