1082. Hibernia Savings Bank (San Francisco, CA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
October 7, 1870
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
d6f9fd34

Response Measures

None

Description

Two contemporaneous newspaper briefs (Oct 7–8, 1870) report a run on Hibernia Savings Bank that had largely subsided; withdrawals confined to small depositors (servant girls and laboring men). No suspension, closure, receivership, or reopening is mentioned.

Events (1)
1. October 7, 1870 Run
Cause
Rumor Or Misinformation
Cause Details
Newspapers give no specific adverse bank news; run described as limited to small depositors and subsiding, consistent with rumor/nervousness rather than confirmed insolvency.
Newspaper Excerpt
The excitement at the Hibernia Savings Bank is manifestly on the decline. The run is confined wholly to servant girls and laboring men, who have small amounts in bank. None of the larger depositors are drawing out a dollar.
Source
newspapers

Newspaper Articles (2)
1. October 7, 1870 Gold Hill Daily News Gold Hill, NV
Article from Gold Hill Daily News, October 7, 1870

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Article Text

SAN FRANCISCO, October 7-1 P. M.Gold, at 11 A. M., 1131/6. adidas Greenbacks are selling at 89. The excitement at the Hibernia Savings Bank is manifestly on the decline. The run is confined wholly to servant girls and laboring men, who have small amounts in bank. None of the larger depositors are drawing out a dollar. The crowd this morning numbered about 50 women and 150 men. The Pacific Coast Wrecking Co., for the purpose of carrying on the business of wreckers, buying and selling wrecked vessels, was incorporated yesterday. H. B. Platt, Donald Beadle and S. P. Taylor are the Trustees. The Legal Tender, another of the Ochtsk fishing fleet, has arrived with 125,000 codfish, making 590,000 within three days. Nothing as yet has been heard from the Moses Taylor, overdue from Honolulu. Thermometer, at 11 A. M., 83. The steamer Continental, from Mazatlan, is due to-day.

2. October 8, 1870 The Carson Daily Appeal Carson City, NV
Article from The Carson Daily Appeal, October 8, 1870

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Article Text

THE LATEST TELEGRAMS. We gather the following from last evening's News: Many army officers are availing themselves of the new law of Congress and resigning. The law allows those who resign a year's pay. The following shocking account of the atrocities of the Spaniards in Havana comes by way of New York: An account of the shocking treatment of Cuban ladies by the Spaniards in Havana appears in correspondence from that city. On the 23d ultimo, 20 prisoners, all women and children, reached Havana by railway, and were lead from the depot to prison under guard, all of them, even the children only five and six years old, being tightly pinioned by the arms. At the head of the sad procession marched two handsome young ladies of 18 years, both handcuffed. One is the daughter-in-law of President Cespedes; the other is the daughter of General Figuerro, recently garroted in Santiago. The ladies were all members of the best families on the island. As these unfortunate creatures passed through the streets, a Spanish mob jeered and threatened them, and in instances attempted violence. There is nothing particularly interesting from the European war. The Prussians are perfecting their arrangements for the siege of Paris. Greenbacks in San Francisco are quoted at 89, selling. The run on the Hibernia Savings Bank has pretty much subsided.