Run reportedly commenced without cause and said to be a conspiracy (unfounded rumors), not due to insolvency.
Measures
Bank met demands and paid out deposits (reported payouts of $250,000 on Dec. 12 and $100,000 on Dec. 13).
Newspaper Excerpt
RUN ON THE BANK. New York, Dec. 12-A crowd of women waited for the Harlem savings bank to open this morning and then drew their deposits. The run was commenced without cause and is said to be a conspiracy, for the bank is perfectly sound.
New York, Dec. 12-A crowd of women waited for the Harlem savings bank to open this morning and then drew their deposits. The run was commenced without cause and is said to be a conspiracy, for the bank is perfectly sound.
2.December 13, 1900Rock Island ArgusRock Island, IL
Click image to open full size in new tab
Article Text
Run on the Bank.
New York, Dec. 13.βThe run on the Harlem savings bank continued today, but the bank met the demands of all depositors.
3.December 14, 1900Evening Times-RepublicanMarshalltown, IA
Click image to open full size in new tab
Article Text
Bank Run Continues
New York, Dec. 14.-The run on the Harlem Savings Bank was continued this morning, but with fewer people in line.
4.December 14, 1900Americus Times-RecorderAmericus, GA
Click image to open full size in new tab
Article Text
NEW YORK, Dec. 13.-The run on the Harlem Savings bank was continued to. day. At 8 o'clock, two hours before the time for the bank to open for business, there were 350 depositors in line wait. ing for an opportunity to draw their money.
5.December 14, 1900The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
Bank Run Is Waning
New York, Dec. 14.-The run on the Harlem Savings bank was continued this morning. but fewer people were in line. There were about 200 persons in front of the building at 10 o'clock when the doors were opened.
New York. Dec 14.-The run on the Harlem Savings bank was continued this morning but with fewer people in line. There were about 200 persons in front of the building when the doors were opened.
7.December 15, 1900The Providence NewsProvidence, RI
Click image to open full size in new tab
Article Text
RUN ON BANK NEARING END
New York, Dec. 15.-There were 54 persons in line this morning at the Harlem Savings bank to withdraw their deposits. This is only a fifth of the number that was in line at the same hour yesterday. The officers of the bank think this will be the last day of the run,
8.December 20, 1900Audubon RepublicanAudubon, IA
Click image to open full size in new tab
Article Text
Run on Harlem Bank Kept Up. New York, Dec. 15.-The run on the Harlem Savings bank was continued this morning, but fewer people were in line. There were about 200 persons in front of the building at 10 o'clock when the doors were opened.
9.December 21, 1900The Pacific Commercial AdvertiserHonolulu, HI
Click image to open full size in new tab
Article Text
There was a heavy run on the Harlem Savings Bank. New York City, December 12th. The bank paid out $250,000 and $100,000 on the 13th.
10.December 22, 1900The Pacific Commercial AdvertiserHonolulu, HI
Click image to open full size in new tab
Article Text
Run on a Bank
NEW YORK, Dec. 13.-The run on the Harlem Savings Bank was contin-
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.