1.
May 1, 1906
The San Francisco Call
San Francisco, CA
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Ane IN Representatives of Savings Institutions Discuss Financial Affairs. The executive committee of the Associated Savings Banks of San Francisco held a meeting yesterday, the following members being present: Richard M. Tobin of the Hibernia Savings Bank, A. H. R. Schmidt of the German Savings and Loan Society, E. B. Pond of the San Francisco Savings Union, J. A. Hooper of the Mutual Savings Bank, A. N. Drown of the Savings and Loan Society, S. L. Abbott of the Security Savings Bank and W. E. Palmer of the Humboldt Savings Bank. These gentlemen have been getting expert testimony as to when It will be safe to open the bank vaults, and the consensus of opinion is that they cannot be safely opened for some time to come. The report that the savings banks would blacklist depositors withdrawing their accounts was strenuously denied, as there is no uneasiness among the bankers about withdrawals, the present conditions not being a panic, but entirely local and caused by the recent calamity. The principal question of discussion was the handling of the money which will be received from the insurance companies in settlement of losses. A definite policy was not decided upon, but all agreed that this money should be used in restoring improvements whenever it was posible.
2.
September 12, 1906
The Morning Astorian
Astoria, OR
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RUN ON HIBERNIA. Largest Savings Bank on Pacific Coast Pays Depositors. / SAN FRANCISCO, Sept. 11.-For some unknown reason, the depositors of the Hibernia Savings Bank, started a run on the bank today. The Hibernia is the biggest savings institution on the Pacific Coast. It has 86.000 depositors and the deposits amount to over $30,000.000. The bank has always been noted for conservatism and is regarded as a strong institution. When the run started today the police were called to keep the people in line and the depositors were paid as fast as they applied for their money. Five paying tellers were kept busy and no advantage was taken of the rule requiring notice before a deposit could be withdrawn. At 6 o'clock tonight the last person in line had received his money. Many of those who withdrew their deposits redeposited them later.
3.
September 12, 1906
Omaha Daily Bee
Omaha, NE
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RUN ON BIG 'FRISCO BANK Depositors of Hibernia Savings Become Seared from Some Unascertained Cause. SAN FRANCISCO, Sept. 11. - -For some unknown reason some of the depositors of the Hibernia Savings bank started a run on the bank today. The Hibernia is the biggest savings bank on the Pacific coast. It has 86,000 depositors, and the deposits amount to over $50,000,000. The bank always has been noted for its conservatism and is regarded as a strong institution. When the run started today police were called to keep the people in line and depositors were paid off as fast as they applied for their money. Five paying tellers were kept busy, (and no advantage was taken by the bank of its rules requiring notice before a deposit could be withdrawn. Joseph S. Tobin, one of the officers of the bank, stated that he knew of no cause for the run. He said the bank was able to pay all depositors who applied for the money. At 6 o'clock tonight all the depositors in line had been paid. Many who withdrew their money afterwards redeposited it.
4.
September 12, 1906
Daily Press
Newport News, VA
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RUN ON FRISCO BANK. Depositors, in a Panic, Demand Their Savings. (By Associated Press.) SAN FRANCISCO CAL., Sept. 11.Depositors of the Hibernia Savings Bank started a run on the institution today. The bank has 86,000 depositors and the deposits amount to over $50,000,000. It is regarded as a strong institution. When the run started, police were called to keep order and depositors were paid off as fast as they applied for their money. Five paying terlers were kept busy. Joseph F. Stobins, one of the officers of the bank stated that he knew of no cause for the run.
5.
September 13, 1906
New-York Tribune
New York, NY
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MALICE CAUSED PANIC Run on San Francisco Bank Ascribed to Insurance Company. San Francisco, Sept. 12-Uneasiness among the more timid depositors of the Hibernia Savings bank continued to-day, and when the bank opened its doors for business there was a long line of people waiting to withdraw deposits. As on yesterday the bank waived the required notice of thirty days and paid all orders on demand. The line was handled expeditiously, but oncomers swelled the list of applicants, and at one time it was estimated that there were fully two thousand persons anxious to withdraw funds. The bank has seemingly plenty of coin on hand to pay in full many times the amount represented by the lined up depositors. The cause of the run is still obscure. One theory that finds favor is that the uneasiness has been created by disgruntled agents of an insurance company which had been broadly ad. vertised by attorneys for the bank for repudiating just claims for losses. Commissioner Dunsmor of the Board of State Bank Commissioners, this afternoon, after the board had finished its examination of the affairs of the Hibernia Bank, said on behalf of the board: The Hibernia Bank is absolutely sound, and the management has been careful and conservative. The loans in this city have been made on the basis of 60 per cent or less and are covered by a safe margin. Four-fifths of these mortgages are now due and may be considered in the nature of call loans which may be collected at any time. The assets of the bank include $13,000,000 of United States bonds. $10,000,000 of other high class securities and $8,000,000 recovered from insurance. These items alone are sufficient to cover fully alt losses resulting from the recent fire. Any alarm entertained by depositors as to the safety of the bank is as absolutely unwarranted as it is unreasonable. The line of depositors outside the bank diminished this afternoon. The flurry at the Hibernia did not affect any other bank.
6.
September 14, 1906
Bismarck Daily Tribune
Bismarck, ND
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FOR RUN ON HIBERNIA BANK. Belleved That Agents of an Insurance Company Are Responsible. San Francisco, Sept. 14.-The uneasiness among the more timid depositors of the Hibernia Savings bank continued during the day and when the bank opened for business there was a long line of people waiting to withdraw their deposits. As previously the bank waived the required notice of thirty days and paid all orders on demand. At one time it was estimated that there were fully 2,000 people in line. The cause for the run is still obscure. One theory that finds favor is that the uneasiness has been created by disgruntled agents of an insurance company which had been broadly advertised by attorneys for the bank for repudiating just claims for losses. Commissioner Dunsmor of the board of state bank commissioners, after the board had concluded its examination of the bank, said: "The condition of the Hibernia bank is absolutely sound, and the management has been careful and conservative. The assets of the bank include $13,000,000 of United States bonds, $10,000,000 of other high class securities and $8,000,000 recovered from insurance."
7.
September 14, 1906
The Daily Silver State
Winnemucca, NV
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CAUSES PANIC JUST FOR FUN SPREAD A RUMOR THAT BANK WAS FAILING. Conspiracy is Believed to Be Behind Run On Hibernia Savings Bank Of San Francisco. SAN FRANCISCO, Sept. 14.-John Carter was arrested this morning in front of the Hibernia Bank, where he was exciting the timid depositors who are continuing the run on that bank begun Tuesday morning. Carter was urging the elderly women in the throng to dispose of their bank books to him. declaring that the failure of the bank was imminent. The arrest was made by Joseph S. Tobin, attorney for the bank. The bank officials are certain that Carter was employed by enemies of the financial institution to spread false Pumors of the bank's inability to pay. Carter denies this, saying that he did it "just for fun, He says that he is a recent arrival from ennessee. Early in the day Edward Tobin detected a man working among the waiting depositors, but the fellow ran off when Tobin appeared. The police are aiding the bank officials in their efforts to detect the conspirators. The run of timid depositors on the bank still continues, a number being in lire this afternoon. All are being promptly paid in full, the bank having millions of dollars available for immediate use. The state bank commissioners have reported that the bank is absolutely sound.
8.
September 14, 1906
Weekly Independent
Elko, NV
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Mrs. Herman Oelrichs has decided to contest the will of her late husband. He did not leave her any of his fortune. W. W. Talbot, wining editor of the San Francisco Bulletin, left for the Bullion mining district on No. 3 this afternoon. Mrs. George Russel and Misses Ruth and Mattie went to Battle Mountain today to spend a few weeks at the ranch. The election in Maine resulted in the success of the republican3 by greatly reduced pluralities. The closeness of the yote gives the grafting old party a very bad chill. The Telephone Company has purchasthe Brain building and are fitting up the room lately occupied by the Imperial market for an office. Mr. Gheen is doing the work. Judge Bonnifield yesterday granted the motion for a new trial in the case of Grock ve. Goodale, tried a year or more ago in this county. The Silver State eays the attorney for the plaintiff lind no objection to the motion. A run was started on the Hibernia Savings Bank of San Francisco yesterday. It has 86,000 depositors and the deposits amount to thirty millions of dollars. All depositors were paid off as fast as five paying tellers could hand out the money: The officers of the bank say they know no reason for the run. Egg laying contests are very popular in Australia. In a contest at Hawkesbury college a pen of Leghorne averaged 235 eggs per year and the eggs weighed twenty-five ounces per dozen. A pen of Silver Wyandottes averaged 217 eggs per hen per year which weighed twenty-five and one half ounces per dozen. A pen of Imperials averaged 208 eggs per year which weighed twenty-four ounces per dozen. The labor situation at Goldfield is rapidly approaching a climax. The mine owners. merchante and American Federation of Labor unions are upon one side and the Industrial Workers of the World, backed up by the local miners' union upon the others. A monster mass meeting of the miners was held Monday to discuss the withdrawal of their support from the I. W. W. The meeting adjournel without taking any action. All the miues closel for the meeting and they were still closed yes. terday. The mining operators threaten to close every mine in the district if the miners continue to support the I. W. W. These threats have created general alarm. The late David Russell, who was killed by being thrown from a load of bay while working on his ranch in Sierra 3 Valley last Saturday afternoon, made a , will shortly before his death bequeath) ing to the Nevada State University the 0 balk of his fortune, which is estimated . to be worth between $15,000 and $20,000. This property 18 left in trust to C. T. Bender, trustee, and is to be invested : t by Mr. Bender as he defires and the interest is to be paid to the state uniI veraity annually. The principal is not to be touched by the college, but accord. mg to the terms of the will $100 is to be debucted from the interest each year and given to the St. Mary's Catholic school in Reno, and the remainder of the interest is to be given to the university, and to be used as the regents of the college think best -Reno Gazette.
9.
September 14, 1906
Rogue River Courier
Grants Pass, OR
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A Run on the Hibernia Saving Bank. San Francisco, Sept. 12.-Unfounded rumors as to the condition of the Hibernia Savings Bank have led thousands of depositors to withdraw their funds during the last ten days but the demand did not assume the form or a "run" until yesterday morning. At 10 a. m. the sidewalk in front of the bank was crowded by probably 1000 persons-man of them women, who, hearing the rumors, did not stop to investigate their source, but rushed to the bank to draw their hardearned savings. The crowd slowly moved three abreast from the street up the big stone steps and to the paying tellers' windows. Three tellers were engaged in handing out the coin as fast as passbooks were presented Several policement who had been specially detailed on duty at the Bank were keeping the long line in order.
10.
September 15, 1906
The San Francisco Call
San Francisco, CA
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RUN ON HIBERNIA BANK ABATING. Officials Reiterate That There Is Absolutely No Occasion for any Alarm OFFER FROM CROCKER The run on the Hibernia Savings Bank showed signs of abatement yesterday, the number of depositors in line having diminished materially from that of the day before. The bank continued to pay off as fast as its force of clerks could work, and the anxious patrons were allowed peeps at the stacks of gold within the inclosure, from which a run could be sustained for many months. The other savings banks of the city have all taken precautions and are prepared should any rumors questioning their solidity be started. William H. Crocker of the CrockerWoolworth Bank assured the officials of the Hibernia Bank yesterday that theresources of his institution and his own private fortune were at their disposal. Joseph S. Tobin expressed his appreciation of the spirit of the offer, and in refusing it explained that the Hibernia Bank was in no stress whatever. The cause of the run having been ascribed to him in some circles, Dr. C. F. Buckley yesterday made a public denial. He pointed out that any effort to discredit the bank would be absolutely futile. "They could pay out $100.000 a day for a year," said the doctor, "and then they would have plenty of funds left to maintain good standing." The doctor gave out the following statement: "Editor of The Call: Several of my friends have informed me that a local publication- have not seen it-connects my name improperly with the present run on the Hibernia Bank. In this relation I desire to say that in my judgment any responsible man who would at the present time seek to disturb the financial relations between the banks and the public of this city would deserve'a traitor's fate. "In my judgment, if the directors of the Hibernia Bank would only convey to the depositors in a clear and open manner the fact that all the bank's assets belong to them, the depositors, and no one else, and that they can only ruin themselves by panic, this senseless run would soon be suppressed. As far a3 my advice and voice can reach. I strongly advise all depositors to cease this meaningless stampede, for its continuance can only lead to their OTT1 financial loss. "C. BUCKLEY. M. D." Dr. Buckley admitted that he had in the past criticised the management of the bank. but declared emphatically that.he had not done so since the fire, and had not at any time questioned its financial stability. John Carter of Tennessee. who is thought to have been responsible in part for the run on the Hibernia Bank, was subjected to the severest crossexamination by the police yesterday, but he did not deviate from the story that he originally told to the effect that he was drunk when he circulated stories concerning the bank's insolvency and did not know what he was doing. His case came up before Police Judge Conlan yesterday morning, but was continued. He was accused of disturbing the peace. The police officials believe that a much graver charge should be preferred against him and for that reason are looking up his antecedents. Chief of Police Dinan, Acting Captain of Detectives Wren and Detective Harry Reynolds are working on the case.
11.
October 3, 1906
The Spokane Press
Spokane, WA
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paniés to the book was the threat of the Merchants' association to raise a fund among the policy holders, and to appoint a standing committee, charged with the duty of running down the defaulting concerns and printing a full list of them every siv months for a period of five years in every large daily in the United States, at advertising rates. But some of the insurance companies likewise know how to bite, and one of them turned the other day and set its teeth into one of the largest of San Francisco's banks. The proprietor of the Hibernia Savings bank made himself very prominent in the fight on the welching insurance companies. He was warned to desist, but didn't. and the welchers started a run on his bank with false rumors. The run was not pleasant, but the bank stood it like a rock. All the same, the other San Francisco banks regret the occurrence on account of the bad impression that may be created throughout the east. As a matter of fact, the banks have had so much ready money that they have been offering it for loans in the east, and the financial situation as a whole is excellent.