Canton Bank - San Francisco, CA

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: June 24, 1918
Location: San Francisco, California (37.780, -122.419)

Metadata

Model: gpt-5-mini
Short Digest: 016d6159

Response Measures

Accommodated withdrawals

Description

Article (dated June 24, 1918) reports a run on Canton Bank in San Francisco caused by rumors in Chinatown that the bank was insolvent. Bank continued paying depositors on Saturday and called police to keep order. No suspension or closure mentioned.

Events (1)

1. June 24, 1918 Run

Cause: Rumor Or Misinformation
Cause Details: Rumors circulated through Chinatown that the bank was insolvent; origin of the rumor unknown.
Measures: Bank officials attempted to allay fears, continued paying depositors on Saturday instead of closing, and called police to keep depositors in line.
Newspaper Excerpt: The Chinese Saturday started a run on the Canton bank following rumors that the bank was insolvent which was circulated through Chinatown. Bank officials vainly sought to allay the fears and finally called the police to keep the depositors in line.
Source: newspapers

Newspaper Articles (1)

1. July 1, 1918 East Oregonian : E.O Pendleton, OR

Article from East Oregonian : E.O, July 1, 1918

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Article Text

Chinese Hearing Insolvency Rumor Start Run on Bank SAN FRANCISCO, June 24.-The Chinese Saturday started a run on the Canton bank following rumors that the bank was insolvent which was circulated through Chinatown. Bank officials vainly sought to allay the fears and finally called the police to keep the depositors in line. At noon the bank did not close as usual for Saturday but continued paying off the Celestial depositors. The rumor's origin is unknown.