St Charles National Bank (St Charles, IL)

View Charter #6219 on SPMC View balance sheet

Episode Information

Episode UID
621901480
Episode Type
Run Only
Bank Type
national
Bank ID
62190 national
Charter Number
6219
Start Date
April 12, 1923
Location
St Charles, Illinois (41.914, -88.309)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5c2114b191768837

Response Measures

Public signal of financial health

Events (2)
1. April 21, 1902 Chartered
Source
historical_nic
2. April 12, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors of a bank shortage after the cashier resigned/was absent led depositors to withdraw funds.
Measures
Local business men quieted rumors and halted the run.
Newspaper Excerpt
When several foreign born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted.
Source
newspapers

Newspaper Articles (10)
1. April 12, 1923 Chronicle Tribune Marion, IN
Article from Chronicle Tribune, April 12, 1923

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Article Text

BANKER'S DEATH STARTS BANK RUN ST. CHARLES, Ill., April 12. — Charles J. Schmidt, former cashier of the St. Charles National Bank, was dead here today following a run on the bank caused by his resignation. Mr. Schmidt retired recently because of poor health. When several foreign born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Mr. Schmidt declared "I'm too sick to talk," then dropped dead. St. Charles business men quieted rumors of a bank shortage and halted the run.

2. April 12, 1923 The Minneapolis Star Minneapolis, MN
Article from The Minneapolis Star, April 12, 1923

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Article Text

Aged Cashier Dies Following Run on Illinois Town Bank St. Charles, Ill., April 12.—Charles J. Schmidt, former cashier of the St. Charles National bank, was dead here today following a run on the bank caused by his resignation. Mr. Schmidt retired recently because of poor health. When several foreign-born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Mr. Schmidt declared, "I'm too sick to talk," then dropped dead.

3. April 12, 1923 The Minneapolis Star Minneapolis, MN
Article from The Minneapolis Star, April 12, 1923

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Article Text

St. Charles, Ill., April 12.—Charles J. Schmidt, former cashier of the St. Charles National bank, was dead here today following a run on the bank caused by his resignation. Mr. Schmidt retired recently because of poor health. When several foreign-born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Mr. Schmidt declared, "I'm too sick to talk," then dropped dead. St. Charles business men quieted rumors of a bank shortage and halted the run.

4. April 12, 1923 The St. Louis Star and Times St. Louis, MO
Article from The St. Louis Star and Times, April 12, 1923

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Article Text

RUMOR STARTS RUN ON BANK, FORMER CASHIER FALLS DEAD ST. CHARLES, ILL., April 12.—(By I. N. S.)—Charles J. Schmidt, former cashier of the St. Charles National Bank, retired recently because of poor health. When several foreign-born depositors missed the aged cashier yesterday, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Mr. Schmidt fell dead. St. Charles business men quieted rumors of a bank shortage and halted the run.

5. April 13, 1923 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 13, 1923

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Article Text

VICTIM OF SCANDAL Bank Cashier Kills Self Following Untrue Report. CHICAGO. April 12.-Sickness. aggravated by untrue charges that he had embezzled $150.000 from the St. Charles First National bank. where he formerly was cashier, relatives said, hastened the death of P. J. Schmidt, 63, who died at his home Thursday. Rumors began Tuesday that Schmidt had embezzied the money and the deficit had been made up by wealthy depositors, Bank heads denied the statement and a slight run on the bank was checked.

6. April 13, 1923 The Austin American Austin, TX
Article from The Austin American, April 13, 1923

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Article Text

Bank Run Causes Death of Cashier ST. CHARLES, Ill., April 12.—Charles J. Schmidt, former cashier of the St. Charles National bank, was dead here today following a run on the bank caused by his resignation. Schmidt retired recently because of poor health. When several foreign-born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Schmidt declared, "I'm too sick to talk," and dropped dead.

7. April 13, 1923 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, April 13, 1923

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Article Text

FORMER CASHIER DIES AFTER RUN ON BANK ST. CHARLES, Ill., April 13.—Charles J. Schmidt, former cashier of the St. Charles National Bank, was dead here today following a run on the bank caused by his resignation. Schmidt retired recently because of poor health. When several foreign born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Schmidt declared, "I'm too sick to talk," then dropped dead. St. Charles business men quiet-

8. April 14, 1923 Oxnard Press-Courier Oxnard, CA
Article from Oxnard Press-Courier, April 14, 1923

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Article Text

BANK CASHIER FALLS DEAD. ST. CHARLES, Ill., Apr. 14.—Chas J. Schmidt, former cashier of the St Charles National Bank, dropped dead here today following a run on the bank caused by his resignation.

9. April 14, 1923 The Fort Collins Express Fort Collins, CO
Article from The Fort Collins Express, April 14, 1923

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Article Text

FORMER CASHIER DIES AFTER RUN ON BANK ST. CHARLES, Ill., April 13.—Charles J. Schmidt, former cashier of the St. Charles National Bank, was dead here today following a run on the bank caused by his resignation. Schmidt retired recently because of poor health. When several foreign born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Schmidt declared, "I'm too sick to talk," then dropped dead. St. Charles business men quieted rumors of a bank shortage and halted the run.

10. April 19, 1923 The Butler Times-Press Butler, MO
Article from The Butler Times-Press, April 19, 1923

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Article Text

Cashier Falls Dead Following Run on Bank. St. Charles, Ill., April 12.—Charles J. Schmidt, former cashier of the St. Charles National bank, is dead here today following a run on the bank caused by his resignation. Schmidt retired recently because of poor health. When several of the foreign-born depositors missed the aged cashier, rumors of a bank shortage spread and a run on the bank resulted. When asked for a statement regarding his resignation, Schmidt declared "I'm too sick to talk," then dropped dead.