State Bank (New York, NY)

Episode Information

Episode UID
1009671294
Episode Type
Run Only
Bank Type
state
Bank ID
100967 routing
Routing Number
1-0096
Start Date
October 29, 1907
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
72759a315af8b699

Response Measures

None

Description

Article 1 refers to State Bank of Brooklyn (different institution); Article 2 names the Norfolk St. State Bank in NYC.

Events (1)
1. October 29, 1907 Run
Cause
Rumor Or Misinformation
Cause Details
A depositor's nightmare that the bank had failed spread to neighbors, prompting withdrawals.
Measures
Bank paid every one who asked for money; had ample cash and met all withdrawals.
Newspaper Excerpt
He dreamed his bank had failed...the street was in an uproar.
Source
newspapers

Newspaper Articles (2)
1. October 26, 1907 The Evening World New York, NY
Article from The Evening World, October 26, 1907

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Article Text

$1,500,000 IN CASH ABOARD AUTO BLOWS UP Explosion Took Place at Grand Street Ferry and Big Crowd Gathered. GOING TO BROOKLYN. Police Reserves and Fire Boat Employees Rushed to Protect the Treasure. The breaking down of the big red touring automobile loaded with $1,500,000 drew such a crowd around the entrance to the Grand street ferry at 11 clock this morning that-police reserves had to be called out from the Delancey street station to keep back the mob and protect the money In the automobile were Harold Richands, son of rPesident Richards, of the a State aBnk of Brooklyn. and chauffeur. Over the top of the doors to the machine the edges of bales of greenbacks could be seen, and when the front part of the car blew up packages or money were scattered all over the rear seat. a few failing to the ground. The machine was going to the bank, where scores of depositors were in line waiting for their money. The bank paid off every claim up to the hour of closing. and. as 1: happened, the funds being hurried that way were not needed. The sight of the greenbacks scattered about the wrecked machine started a rush of hundreds to the spot, and when Mr. Richards announced that the machine carried $1,500,000 the four policemen on duty at the ferry rushed in to protect the treasure. A fire boat was also moored nearby. and the firemen aided in the protection. Every minute the crowd grew larger, as the chauffeur hammered away at the broken machine A call was Lucn sent in to the Delancey street station for additional help, and a squad of policemen came runmilk the spot. In the mean time the State Bank of Brooklyn had been phoned for help and Manager Roth sent a powerful auto from the Brooklyn side. Into the substitute auto the packages of money were placed and the start for the bank was made under pressure. The money was intended for distribution among the three branches in Brooklyn and each of these was reached before 12 o'clock. the closing hour. The bulk of the meney was Intended for the Brownrtille branch and every dollar of the precious cargo was safely delivered. Manager Roth said that the delay by the break down of the auto caused some inconvenience. but did not prevent the paying out of All presented Ha said: "We had plenty of cash on hand and the bank is In fine shape. We have no fear that our depositors will

2. October 29, 1907 New-York Tribune New York, NY
Article from New-York Tribune, October 29, 1907

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Article Text

ISRAEL'S NIGHTMARE STARTS RUN. Dreams State Bank Had Failed, but It Meets All Comers. The fish pedlers and pack carriers of the East Side started a run of their own on the State Bank, in Norfolk street, yesterday. One Israel Hyman had a nightmare. He dreamed his bank had failed. When he awoke he told Rachel, his wife, and she told the neighbors. "Izzy" meanwhile headed for the State Bank. He found a crowd waiting to deposit money. Hyman's lamentations brought other excitable depositors to the scene, and before one could say "Jack Robinson" the street was in an uproar. It took several of Captain Handy's bluecoats to restore order. Hyman collected his 816 without trouble, stepped into a doorway, pulled off his shoe and, removing his sock, stuffed the money in and rushed for home. Still another excited individual insisted on being paid in silver, which he dumped into his hat and made for home. The State Bank is one of the strongest in that part of the city. Vice-President Arnold Kohn, when seen by a Tribune reporter last night, said: "The pillars of Hercules are not more solidly fixed on their firm base than is this institution on its nearly two millions of capital and profits, and it has demonstrated its strength time and time again. "We were a creditor at the Clearing House this morning and have an undivided profit of $900,000 on hand now. "The excitement of the last week has finally reached us, but It did not amount to anything. Every one who asked for his money got it, and those who did not get it to-day can have it tomorrow. The only reason for the line forming outside was that we are making alterations and did not have room for our patrons indoors." Captain Handy, at the Delancey street station, said: "There was no riot-not even a discordant note-and had it not been for the 'rubbernecks' no police would have been necessary. When the bank closed at 3 o'clock there were only thirty people in line."