Article gives no cause; describes a slight run of about 150 depositors.
Measures
Promptly met withdrawals without invoking sixty days' notice; continued to receive deposits.
Newspaper Excerpt
The Greenwich Bank, at No. 73 Sixth avenue, had a slight run of about 150 depositors, which it promptly met without the sixty days' notice, but it also received many deposits.
Source
newspapers
Newspaper Articles (1)
1.September 23, 1873The New York HeraldNew York, NY
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Article Text
The Greenwich Bank, at No. 73 Sixth avenue, had a slight run of about 150 depositors, which it promptly met without the sixty days' notice, but it also received many deposits.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.