Second National Bank (Louisville, KY)

View Charter #777 on SPMC View balance sheet

Episode Information

Episode UID
77700885
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
7770 national
Charter Number
777
Start Date
September 29, 1873
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a2f86af0844805b2

Response Measures

None

Events (5)
1. February 2, 1865 Chartered
Source
historical_nic
2. September 29, 1873 Other
Newspaper Excerpt
There was some little run on the banks Saturday, but checks were promptly cashed and no panic occurred
Source
newspapers
3. September 29, 1873 Suspension
Cause
Macro News
Cause Details
City banks collectively suspended specie/currency payments and adopted clearing-house settlement in response to the wider financial exigency (Panic of 1873).
Newspaper Excerpt
it was resolved to take the same action ... to suspend payment for the present in currency, except in small checks and to adopt the plan of settlement through a clearing house
Source
newspapers
4. October 16, 1873 Reopening
Newspaper Excerpt
The Louisville banks have all resumed currency payments.
Source
newspapers
5. June 2, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. September 29, 1873 Public Ledger Memphis, TN
Article from Public Ledger, September 29, 1873

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Article Text

The Financial Situation. LOUISVILLE, September 29.- A largely attended meeting of bank presidents, cashiers and prominent financiers of the city was held in the gentlemen's parlor of the Galt House, yesterday afternoon and evening. The meeting was called to consider upon the present exigencies of the financial situation, and after long and earnest discussion, it was resolved to take the same action as that adopted by the association of banks in New York and the other great financial centers of the country, viz: to suspend payment for the present in currency, except in small checks and to adopt the plan of settlement through a clearing house by means of certified checks and certificates based upon pledges of securities deposited with the Clearing House Association. The following banks were represented: Western Financial Corporation, Bank of Louisville, Planters' Na tional Bank, Peoples' Bank, Farmers' and Drovers' Bank, Citizens' Bank, Louisville City National Bank, Second National Bank, Merchants' Bank, Falls City Tobacco Bank, Bank of America, German Security Bank. JEFFERSONVILLE, IND., September 29. The Ohio Falls Car Works has suspended operations in order to take a calm survey of the situation. James Howard & Co., boat builders, paid two thirds wages on Saturday, and will not suspend work. There was some little run on the banks Saturday, but checks were promptly cashed and no panic occurred.

2. October 16, 1873 Wilmington Daily Commercial Wilmington, DE
Article from Wilmington Daily Commercial, October 16, 1873

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Article Text

Latest General News. The members of the Evangelical Alliance spent yesterday in Washington, visiting the Capitol, where. in the rotunda, all joined in singing the Coronation Hymn. Governor Shepherd gave them a dinner. The Army of the Tennessee Re-union began at Toledo, Obio, yesterday. Gen. Sherman presiding. The attendance was large, including Generals Sheridan, Logan, Howard, and Custer. The California State Grange of the Patrons of Husbandry, met at San Jose on Tuesdav, one hundred granges being represented. Among the matters to be considered is the appointment of a committee to petition Congress for a grant of land to the State for a State system of irrigation. A few deaths from yellow fever have occurred at Lou'sville during the past few days, the victime being fugitives from Memphis. The yacht Julia returning from the New York regatta last evening, was sunk by collision with a ferry boat on the North river, and Commodore Edward Morton, of the New Jersey Yacht Club was drowned. Five yellow fever deaths were reported in Montgomery, Ala., during the past 48 hours. Among the dead is Francis Widmer, ex-Internal Revenue Collector, who was suspended for defalcation. Sbreveport despatches say the yellow fever is dying ont in that city, and that "about thirty black-vomito cases have recovered." There were 41 yellow fever deaths in Memphis on Tuesday, among the victims being Sisters Magdalen and Marie, of La Salette Academy. Up to noon yesterday 35 yellow fever deaths were reported. At Memphis, the mayor being sick, there is a quarrel between the heads of the two benches of the City Council for the position of acting Mayor. The courts as usual are appealed to. The Louisville banks have all resumed cnrrency payments. The first Congress of the "Association for the Advancement of Women," met in New York yesterday. The Association was ogranized on Tuesday night by the election of Mrs. Mary A. Livermore as President. The object of the society is stated to be "the promotion of the moral, intellectual and physical well-being of women." The Atlantics defeated the Biltim ores at New York yesterday by a ecore of 8 to 6.