French Savings & Loan Society - San Francisco, CA

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: September 12, 1878
Location: San Francisco, California (37.780, -122.419)

Metadata

Model: gpt-5-mini
Short Digest: 54ccfbef

Response Measures

Accommodated withdrawals

Description

Newspaper (Daily Los Angeles Herald) reports heavy withdrawals (~$200,000) from the French Savings & Loan Society on Sept 12, 1878. The article mentions deposit limits increased to $5,000 and that the bank has an ample reserve and will pay depositors as circumstances permit. No suspension, closure, reopening, or receivership is mentioned in the text — only a run/large withdrawals.

Events (1)

1. September 12, 1878 Run

Cause Details: Article reports large withdrawals but gives no clear cause (no rumors or specific adverse information stated).
Measures: Bank limited deposits to $5,000 (recently raised from $2,000); stated it has an ample reserve and will pay depositors as circumstances permit.
Newspaper Excerpt: The money withdrawn by depositors from the French Savings and Loan The Society is nearly $200,000.
Source: newspapers

Newspaper Articles (1)

1. September 13, 1878 Daily Los Angeles Herald Los Angeles, CA

Article from Daily Los Angeles Herald, September 13, 1878

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Article Text

Pacific Coast News. Es.Collector Austin's Fauctul SAN FRANCISCO, Sept. 12.-The funeral of Sandy Austin this morning, though intended to be strictly private, was attended by several hundred friends and a large num. ber of carriages followed the remains to Lone Mountain. The services were held at the Occidental Hotel at 1 P. M., and the pariors were crowded. Services were conducted by Rev.M Scott who made some eloquent remarks In memory of the deceased. A delegation of Pioneers and all the members of the Stock Board were present. The Fresca Bank - Youthfus Depravidy SAN FRANCISCO, Sept. 12.-The money withdrawn by depositors from the French Savings and Loan The Society is nearly $200,000. bank limits deposits to $5,000, that the number of depositora large. Recently it was $2,000, but it was changed to $5,000 at the request of the majority of the deposb itors. The bank has an ample reserve of coin and promises to pay e depositors as fast as circumstances t will permit. Mary Avery, a girl of 14 years of age, who is known among a gang of juvenile thieyes as Little Dick, e once a of a marauders, was t youthful being leader of having arrested gang been again last night after 1 out of the Magdalen Ayslum one month. This morning she was e tried on a charge of leading an idle 3 and dissolute life and was ordered / to appear for sentence tu-morrow. e sea Francisco's Consribusions r SAN FRANCISCO, Sept. 12th.-J. C. Patrick, Chairman of the Exerd utive Committee of the Citizens' a Association, makes the annexed approximate estimate of the amounts sent from San Francisco to the Southern sufferers: Cliia zens' Committee, $20,000; Wells, S Fargo & Co., $12,000; St. John's Episcopal Church, $1200; F. A. Haber and Elkan Cohn, $2400; C. C. Clay, $600; Masonic Lodges, n $2000; Odd Fellows, $2000; telee graph operators, $500; Mrs. Gwin, $1200; Produce Exchange, $1000; y Churches and Societies other than Masonie and Old Fellows, $3000. y Total, $45 000 The foregoing ind cludes $5000 sent to-day. Of this amount $35,000 should be credited y to San Francisco and the rest to n other towus. When the returns e. are made from the various benefit entertainments and the amounts 7, collected from the schools are cred a ited to the fund, San Francisco's h contribution will not fall short of r, $45,000 and may reach $50,000. The matinee at the California Theatre a this afternoon realized over $2600 11 for the sufferers. The Oskined Fair. 9 FAIR GROUNDS, OAKLAND, Sept. 9 12th -The crowd ou the ground exceeds that of any other day. At 11 d'elock the stock parade formed and was by far the finest one yet held at this fair. The display of y trotting stock was exceptionally s the good. After parade by exhibitious of the of speed were given some crack trotters in front of the h judges' stand. is Nos Dead, bas Demonted. r 1. VENTURA, Sept. 12th.-A. B. Shearer, the telegraphic operator who disappeared on Tuesday 1 night, leaving his clothing and letters for his wife, mother and children on the wharf, was found y about midnight last night in his e office. He was attired In an una dershirt, drawers and an old shawl, y none of which belonged to him. After being discovered he broke away, climbed several feuces and t was finally captured in an oute house. The officers finally sucr ceeded in getting him to jail, and, at noon to-day, he was taken home. He fiercely assaults cert tain parties, but takes no notice of f others, and refuses to talk. He is