Bank Run on Keystone National Bank

On this fine, first day of December, in 1890, a bank run began on the Keystone National Bank in Philadelphia.  Although, it was temporarily stopped, it led to its eventual  closing.

There were efforts made by some prominent Philadelphians and stockholders of the bank to raise sufficient funds by voluntary subscription to restore the bank to solvency and resume business under an entirely new board of directors and officers.  However, when it was discovered that the bank had been completely looted by some of its officers all efforts to revive it were abandoned and a receiver became necessary to wind up its affairs.

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