Oklahoma National Bank (Oklahoma City, OK)

Episode Information

Episode UID
477001123
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
47700 national
Charter Number
4770
Start Date
July 1, 1893*
Location
Oklahoma City, Oklahoma (35.468, -97.516)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3216a4b50e2da2ae

Response Measures

Full suspension, Books examined

Description

Bank suspended after July 19, 1893 run, reopened Sept 23, 1893, then entered voluntary insolvency and transferred business June 3, 1895.

Events (7)

1. July 1, 1892 Chartered
Source
historical_nic
2. July 1, 1893* Receivership
Newspaper Excerpt
The bank failed in 1893, passing into the hands of a receiver and finally reopening, but could not regain its lost prestige.
Source
newspapers
3. July 19, 1893 Run
Cause
Macro News
Cause Details
Part of broader wave of bank runs/failures during the financial panic of July 1893 affecting multiple banks in the region
Newspaper Excerpt
The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National
Source
newspapers
4. July 19, 1893 Suspension
Cause
Macro News
Cause Details
Suspended/closed in response to heavy runs and general financial stringency during the 1893 panic
Newspaper Excerpt
The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon.
Source
newspapers
5. September 23, 1893 Reopening
Newspaper Excerpt
The Oklahoma National bank of Oklahoma City, Ok., which suspended payment July 19, has been permitted to reopen its doors for business.
Source
newspapers
6. June 3, 1895 Other
Newspaper Excerpt
The Oklahoma National bank went into voluntary insolvency and transferred all its business to the First National bank.
Source
newspapers
7. July 15, 1895 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (15)

Article from The Evening World, July 19, 1893

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Oklahoma Bank Troubles OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this after noon. There was a heavy run OD the First National but It withstood 10 all right. Statemen S are unobtainable 11 W.


Article from Daily Kennebec Journal, July 20, 1893

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Two Oklahoma City Banks Fail. OKLOHAMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. Statements as yet are unobtainable.


Article from The Morning News, July 20, 1893

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Two Banks Closed at Oklahoma. Oklahoma City, July 19.-Tne Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. Statements are unobtainable now.


Article from The Providence News, July 20, 1893

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Oklahoma Banks Close. OKLAHOMA CITY, July 20.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors yesterday afternoon. There was a heavy run on the First National, but it withstood it all right.


Article from Waterbury Evening Democrat, July 20, 1893

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Two Oklahoma Banks Go Under. OKLAHOMA CITY, O. T., July 20.-The Bank of Oklahoma City and the Oklahoma National bank closed their doors. There was a heavy run on the First Na tional, but it withstood it all right.


Article from The Salt Lake Herald, July 20, 1893

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TELEGRAPHIC BREVITIES. At Brooklyn the large carpet house of Bardenberg & Co., assigned yesterday. Judgments aggregating over $10,000 were filed against Erastus Wiman in New York, on notes, yesterday. The comptroller of the currency is informed of the failure of the Bozeman National bank of Bozeman, Mon. The Bank of Oklahoma city and the Oklahoma National bank have failed. The First National stood a heavy run. Four hundred andeighty-five thousand ounces of silver and 40,000 Mexican dollars will be shipped to Europe today. The steam yacht Oneida, with President Cleveland on board, left Newport yesterday morning, presumably for Gray Gables. The comptroller of the currency has been advised that the Hutchinson National bank of Hutchinson, Kan., has failed. The Kansas state bank commissioner is informed of the failure of the State bank of Parker, and Wood & Sons' State bank of Yates Center. Both are small. Charles Miller, a letter carrier at Mattoon, Ill., fired five shots at Laura Mack who had thrown him over, severely wounding her, and then killed himself. The J. B. Wheeler Banking company, the pioneer bank of Aspen, Colo,, the Bank of Sterling at Sterling, Colo., and the Bank of Loveland at Lovel and, Colo. have assigned.


Article from The Progressive Farmer, July 25, 1893

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by the present unsettled condition of trade. DENVER, Col, July 19 -The following notice was posted on the doors of the State National bank: "This bank will not be opened for business this morning. Depositors will be paid in full" Atthe hour for opening for banking business crowds had assembled at the different banks, but there did not appear to be the same excitement among the depositors as existed yesterday. DENVER, Col., July 19.-The doors of the German National bank were no; opened for business at 10 o'clock this morning. No notice was posted on the door but it is believed it has suspended payment. The excitement is rapidly increasing and runs are threatened on other banks. AMMONSDALE, Kansas, July 19.-The Citizens' bank suspended yesterday. MOBILE, Ala., July 19.-At 9 o'clock this morning, after an existence of seventy-two years, the Mobile Register made a general assignment to Jos. McPhillips for the benefit of all creditors. OKLAHOMA CITY, July 19.-The Bank of Oklahoma City and the Oklahoma National bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. The statements are unobtainable now. NASHVILLE, Tenn, July 19 -Samuel Spencer, of New York, was to day ap pointed CO receiver of the East Tennes see, Virginia and Georgia Railroad and its controlled lines, with Messrs. Fink and McGhee, by Judge Lurton. The appointment takes effect August 1st and the bond was fixed at $100,000. DENVER, Col, July 19.-The J. B Whaling Banking Company, the pioneer bank of Ashen, Col.; the Bank of Sterling, Sterling, Col., and the Bank of Loveland, Col, have assigned. No statements of assets or liabilities have been issued. DENVER, Col., July 18.-The Union Nati nal bank, of which R. W. Wood bury is president, failed to open its doors this morning. Its capital is $1 000,000. No statement can be had. A run is now being made on the City National, German National, First National, Colorado National and all the eleven clearing house banks. A panic is on.


Article from The Star, July 26, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON, IND.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 11 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended, It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only 84 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, COL-The Bank of Sterlin has assigned. BOZEMAN, MONT-The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAS.-The Hutchinson National Bank has closed its doors. ASPEN, CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA CiTY-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, Kr.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied upon them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HARRISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Company closed its doors. It promises to pay depositors in full. ANTHONY, KAs.-The First National Bank and the First National Bank of Canso City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban of San Bernardino, Cal., which recently failed, be allowed to reopen at once, its affairs being in good condition. NEW YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition. generally and be anticipates no failures,


Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.


Article from The Austin Weekly Statesman, July 27, 1893

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dealers in gent's furnishing goods, failed this morning. Assets are placed at $35,000; liabilities, $13,000. PEOPLES' COAL COMPANY. DENVER, July 19. - The Peoples Coal company has made an assignment; assets and liabilities not large. TWO KANSAS BANKS. TOPEKA, July 19.-Information has been received at the office of the state bank commissioner of the failure of the State bank of Parker, Linn county, and of the Woodson State bank, Yates Center, Woodson county. Both are small concerns. BULDING MATERIAL DEALERS. CHICAGO, July, 19.-Dickinson Brothers & King, dealers in building material, went into the hands of a receiver today. The firm has property valued at $260,000 in excess of liabilities. The pressure of times has made business unprofitable. NEW YORK LACE IMPORTERS. NEW YORK, July 19.-A Cohn & Co., lace importers, assigned today. Liabilities $40,000: nominal assets $80,000. The carpet house of Hardenburg & Co., Brooklyn, assigned this morning. ANOTHER KANSAS BANK. HUTCHINSON. Kan., July 19.-The Hutchinson National bank this morning posted a notice of suspension of payment. Assets $261,000 ; liabilities $131,000. No doubt all depoitors will be paid in full. TWO OKLAHOMA BANKS. OKLAHOMA CITY, Ok., July 19.The Bank of Oklahoma City and the Oklahoma National bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. LADIES


Article from The Weekly Union Times, July 28, 1893

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NUMBER 30. BANKS SMASHING IN DENVER. Three National Banks and Three Private Concerns Go Under. DENVER, CoL.-Three national banks -the Union National, the Commercial National, and the National Bank of Commerce-closed their doors Tuesday morning owing to the heavy demands of excited dapositors. The Mercantile Bank, a small private institution doing business in the Mining Exchange building. also suspended, owing to the close of the Union bank, through whichits clearances were made. A WHOLE STRING OF BANKS FAIL. DENVER, Col.-The - J. B. Whaling Banking Company, the pioneer bank of Asheum 061; the Bank of Sterling, Sterling, Col., and the Bank of Loveland, Col., have assigned. No statements of a sets or liabilities have been issued. TWO OKLAHOMA BANKS. CKLAHOMA CITY, O. T. -The Bank of Oklahoma City and the Oklahoma Nati hal Bank closed their doors. There was a heavy run on the First National but it withstood it all right. The statements are unobtainable now. TWO MORE BANKS. TOPEKA, KAN.Information has been r ce ved at the office of the State bank commissioner of the failure of the Bank of Parker, Lith county, and Woodson State Bank, of Yates Woods on edulty. Both et


Article from The Times, July 28, 1893

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'he News Condensed. Important Intelligence From All Parts. DOMESTIC. IN Colorado the J. B. Wheeler Bank g company at Aspen, the Bank of erling at Sterling, and the Bank of veland at Loveland, have assigned. JOHN SWARTOUT. of Morrison, Ill., eted for the murder of hisfather, jail of consumption. THE Milburn wagon works at Toledo, , employing 1,500 men, the largest itution of its character in the United ates, closed down for six months. MRS. CONRAD VEILHAM, of Tonawan , N. Y., has fallen heir to $4,000,000 rough the death of an uncle in India DURING the twelve months ended ne 30, 1893, the number of immigrants riving in the United States was 497, 3,and during the corresponding period the preceding year 619,320 arrived. A FIRE at Susanville, Cal., resulted e destruction of sixty buildings and used a loss of about $250,000. CoL. BENJAMIN F. JOHNSON, one of e leading attorneys of Kansas City, an., was shot down in the streets and stantly killed by A. W. Little, one of e most prominent citizens of the wn. Financial trouble was given canse. e AN incendiary fire at Greenville, Miss., used a loss of $100,000. THE National bank at Hutchinson, in., failed with liabilities of $131,000 d the Bank of Parker and the Woodn bank of Yates Center, in the ate, closed their doors. THREE sons of Mr. Lave, of Gregg unty, Tex., robbed their father of 2,000 and fled. Two were caught. LIGHTNING killed James Witts' two ildren while they were standing un r a tree during a shower at Sadlers lle, Tenn. THE pension office in Washington tes that the total number of penners dropped from the rolls since arch 4, 1893, was 245, and that the tal number of pensioners suspended ce March 4, pending a further invesration of their cases, was 5,090. IN a freight wreck near Jonesboro, ., Engineer Ben Wade, Fireman Joe mmis and Brakeman J. W. Marshall ere killed. BANK failures were reported as fol ws: First national at Harrisonville o., Oklahoma national at Oklahoma, rst national at Anthony, Kan., Bank Belleville, Kan., First national reeley, Col., National at Grand June on, Col., First national at Cheyenne, yo., and First national at Canyor ty, Col. OVER 30,000 men were idle in Colo do as a result of the closing down of ver mines, and it was feared that eat suffering would follow. IN territory near Toledo, O., aban ned thirty years ago as practically orthless, oil has been struck in im ense quantities. By the explosion of a gasoline stove ar Cincinnati John Ulrich, wife ild were fatally burned. THREE men were burned to death by dden flow of ignited oil at wells O ADVICES from Pittsburgh, Pa., at the plate glass trust has collapsed d that the many idle factories roughout the country will resume erations. THE Flanders dry goods house enver failed for $125,000. and will of the late Anthony


Article from Pawtucket Tribune, September 23, 1893

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Finances Straightened Out. WASHINGTON, Sept. 23.-The Oklahoma National bank of Oklahoma City, Ok., which suspended payment July 19, has been permitted to reopen its doors for business.


Article from Griggs Courier, September 29, 1893

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Lochren says the number of pensioners on the rolls of the bureau is 966,012. During the year 24,715 claims for increase of pensions and 31,990 for additional pension were allowed, and in the same time 115,221 claims were rejected. The amount of money paid for pensions during the year was $156,740,467. TRAINS collided on the Wabash railway near Kingsbury, Ind., and eleven persons were killed and twenty-four injured, some of them tatally. THE Oklahoma national bank of Oklahoma City, O. T., which suspended payment July 19, 1893, has resumed business. ON a farm near Freidville, Ia., Henry Behrens and his son were killed by foul gases in an old well. THE thirty-first anniversary of Abraham Lincoln's proclamation freeing the slaves was celebrated in Chicago and Springfield, III. BOSTON police were looking for T. R. Richardson, senior member of a leather firm, who swindled banks and other institutions out of $175,000. FIVE persons were injured in a wreck on the Queen & Crescent road near Birmingham, Ala. A rail had been removed. FOURTEEN members of the mob which killed Solomon P. Bradshaw at Kingston, Ill., have been indicted by the grand jury. PROF. S. A. KING and Miss Josie Morris, who made an ascension in a balloon at the world's fair, were rescued from the lake by the cutter Andy Johnson after an exciting experience.


Article from The Evening Herald, June 4, 1895

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Oklahoma Bank Closed. OKLAHOMA, O. T., June 3.-The Oklahoma National bank went into voluntary insolvency and transferred all its business to the First National bank. The bank failed in 1893, passing into the hands of a receiver and finally reepening, but could not regain its lost prestige.