Bank of San Francisco - San Francisco, CA

Episode Information

Episode UID: 426252191520
Episode Type: Run → Suspension → Reopening
Bank Type: state
Bank ID: 42625219 hash
Start Date: August 26, 1926
Location: San Francisco, California (37.780, -122.419)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 943b9a11a7cf5129

Response Measures

None

Description

Article describes a San Francisco bank and names president C. Ralston but does not explicitly name the Bank of San Francisco.

Events (3)

1. August 26, 1926 Run

Cause: Bank Specific Adverse Info
Cause Details: President C. Ralston gave false information and used bank funds for private speculation, producing large losses and triggering withdrawals.
Measures: Directors investigated, absorbed losses and later reopened the bank.
Newspaper Excerpt: shortly before noon on Aug-ust 26, they began to draw out their money. Soon hundreds appeared and from then until three o'clock (the closing time) the heavy run was made on the bank.
Source: newspapers

2. August 26, 1926 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Severe losses and misuse of funds by the president left the bank with inadequate cash and forced it to cease normal operations until recapitalized/settled.
Newspaper Excerpt: only $100,000 on hand. Final settlement of all accounts showed that the bank lost $5,000,000.
Source: newspapers

3. October 3, 1926 Reopening

Newspaper Excerpt: the directors were able to take the loss and the bank opened again for business on October 3, and is still in operation.
Source: newspapers

Newspaper Articles (1)

1. August 26, 1926 Enterprise-Record Chico, CA

Article from Enterprise-Record, August 26, 1926

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Article Text

This bank, located in San Francis and parodied-to be parodied is the co, had been incorporated eleven secret desire of many a writer!years before with a capital of march to a beautiful climax. The $2,000,000. poets are fond of looking backThe directors were some of the ward; and to snatch from one's wealthiest men in San Francisco youth the emotions one felt then, but could not express, is little short who were heavily interested in the Nevada silver mines. With such of genius. backing the bank soon rose to a prominent place in the financial I remember, I remember world. Its stock was considered The house where I was born, a, fine investment and sold at The little windows where the sur high premium. Came creeping in at morn; Though It is not known how the He never came a wink too soon people learned of the bank's con- Nor brought too long a day: dition, shortly before noon on Au- But now, often wish the night gust 26, they began to draw out Had borne my breath away. their money Soon hundreds of appeared and from then un- remember, I remember til three o'clock (the closing time) The roses, red and white, heavy run was made on the The violets, and the Illy-eupsThose flowers made of light! bank. Immediate investigation by the directors disclosed that C. The lilacs where the robin built, Ralston, the president, had given And where my brother set them false and had used The laburnum on his birthday,The tree is living yet! the funds of the bank for private speculation. It also disclosed the I remember, remember bank's liabilities as $19,538,000 with Where was used to swing, only $100,000 on hand. Final setAnd thought the air must rush as tlement of all accounts showed that fresh the bank lost $5,000,000. The diTo swallows on the wing: rectors were able to take the loss My spirit flew in feathers then and the bank opened again for That is so heavy now, business on October 3, and is still And summer pools could hardly in operation. cool Details regarding the career of The fever of my brow. Ralston will be given in the next installment. I remember, L remember (Copyright 1926.) The fir-trees dark and high: 1 used to think their slender tops Were close against the sky: Tt was childish ignorance, But now 'tis little joy To know I'm farther off from Heaven Than when was a boy. (Copyright 1926.)