12544. Provident Institution For Savings (Jersey City, NJ)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
May 12, 1882
Location
Jersey City, New Jersey (40.728, -74.078)

Metadata

Model
gpt-5-mini
Short Digest
49a0e298d18a0cda

Response Measures

None

Description

Treasurer Edmund W. Kingsland shot himself on/around May 12, 1882. The incident triggered a run; officers examined books, paid demands, and reopened the bank. There is no mention of a suspension or receivership and later reports state the run ceased and the bank reopened/continued business.

Events (1)
1. May 12, 1882 Run
Cause
Bank Specific Adverse Info
Cause Details
Public shooting/attempted suicide of the treasurer (Edmund W. Kingsland) generated depositor alarm and prompted heavy withdrawals.
Measures
Officers examined books and securities; paid demands promptly; bank reopened to receive deposits and later resumed normal operations.
Newspaper Excerpt
the news of the shooting spread rapidly through the city, and a run on the bank soon begun, the street, notwithstanding the pouring rain, being crowded with anxious depositors.
Source
newspapers

Newspaper Articles (10)
1. May 12, 1882 Evening Star Washington, DC
Article from Evening Star, May 12, 1882

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Article Text

Shot Himself in a Savings Bank. JERSEY CITY, N. J., May 12.-Edmund W. Kingsland, secretary and treasurer of the Provident Institution for Savings, Jersey City, shot himself while in his private office in the rear of the bank, about 10 o'clock this morning. Dr. Varick was at once summoned by the affrighted clerks, but was not sent to the police headquarters until an hour later. Though still alive he is unconscious, and sinking rapidly, and will probably die in a few hours. At11:30 he was removed from the bank to his residence. The bank is thronged with anxious depositors, who are waiting for an investigation of the books. One of the diretors on being asked what reason Mr. Kingsland had for shooting himself replied: "God knows; we do not.' Mr. Kingsland was about 70 years old, a prominent business man and highly respected in the community. The president of the Institution issues a statement saying: Whether the shooting was by aocident or design, it is impossible at present to tell. The physicians think his wound may not be fatal. I do not doubt for a moment but that every asset of the bank will be found intact. Mr. Kingsland has been a great sufferer for some time, and the great amount of trusts he held, not only as treasurer of the institution but as treasurer of the board of chosen free-holders, and executor for the large estate of the late Isaac W. Scudder, has been of too great anxiety for one of his age. Of course I cannot speak confidently in regard to the other trusts, but I do most firmly believe that in every trust you will find all his affairs correct to a penny. Edmund W. Kingsland had been connected with the Provident Institution for Savings since its incorporation in 1839. He was elected treasurer of Hudson county some years ago and held the position when he shot himself. He was trustee of a large number of estates in Jersey City and vicinity, among which is the estate of the late Annie Post, the heirs to which have had no settlement for 19 years. P. C. Hilliard, alderman from the 6th district of Jersey City, one of the above heirs and acting for the others, recently obtained an order of arrest for Mr. Kingsland, whom the sheriff was ordered to produce in the orphans' court of Hudson county at 10 o'clock this morning. The news of the shooting spread rapidly through the city, and a run on the bank soon begun, the street, notwithstanding the pouring rain, being crowded with anxious depositors.

2. May 12, 1882 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, May 12, 1882

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ON ANOTHER SCENT. Dublin May 12.-The police and the public are beginning to discredit the theory that Irish Americans were imported to commit the murder of Cavendish and Burke. This leads to the supposition that some lodge is implicated, and it is hoped the reward offered will induce some member to inform. THE FRENCH SQUADRON. Paris, May 12.-There are is reason to believe that the French embassador to England has been instructed to inform the English government that an AngloFrench squadron will be immediately dispatched to Alexandria. To-Day's Crime Record. SHOT HIMSELF. NewYork,May 12-EdmundW. Kingsland, treasurer of the Provident savings bank, of Jersey City, shot himself this morning, by accident or design, in the trustees' room of the bank. The officials believe the funds of the institution are intact, and have made a public statement to that effect, but a run has commenced on the bank and it is surrounded by anxious depositors. Kingsland is trustee for a large number of estates in JerRey City and vicinity. The wound is not considered mortal. There are over 11,300 accounts, and a total due depositors of $5,000,000. HANGED. Clinton, Ill., May 12-At eleven o'clock this morning Patsy Devine. the twice convioted murderer of Aaron Goodfellow, was hanged in the county jail in the presence of 150 people. He died game. Never was a more self possessed or intrepid man on the scaffold. He denied on the scaffold his guilt in a short speech, and asking the forgiveness of all whom he ever wronged. He died by strangulation. His last words. previous to putting on the black were: "Wait a moment cap till I take this chew out of my month." Before stepping on the trap he carefully tested it with his right foot. He was attended by Rev. Fathers Weldon and Grogan of Bloomington. The gallows was in an old debtors cell and the stone was taken up in the floor and Devine's body dropped through five feet to the corridor beneath. None present but officials and reporters.

3. May 13, 1882 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, May 13, 1882

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E AS T E R N. ASSOCIATED PRESS DISPATCHES A Very Marsh Measure. New York, May 12.-The World says J.and W. Seligman & Co. have been by eable that Gen. Ignatieff inunded presenting to the Czar a bill to perfocate all property of Jews in Rus * The ander of the telegram urged that the American Government be begint to use its good offices to prevent the of the decree. End of the Calteau Argumenth. WARINGTON, 12.-Davidge med his arguments in the Guiteau case. would be monstrous to assert that the heed of the nation could be murdered at Marry seat of Government, because he - to die elsewhere, the sover of this great nation should be powerlows. It is now the duty of this Court to declare in plain and unmistakNatural the meaning of the statutes wh United States, and indicate the undersignity of this nation, reposed in ank keeping. The Guiteau court adjourned after Devidge had finished and Reed had authort closing speech. An Aretic Trip spelled. CHICADO, May 12.-It is reported that Dennett has already under consideration the plans for another Arotic expedition, which he was cogitating when the news - of the finding? of DeLong and party dead. It is understood that in statience to public sentiment Bennett will abandon it, unless there should ap poder to be reasonable grounds for marching for the remains of Lieutenant Chipp and party. The contemplated expedition was to be on a much grander male than that of the Jeannette's, and was be under the combined direction of the army and navy officers. Naval offers were to be supreme on board the vessel, while army officers were to head the sledge expeditions in conjunotion with others. A Telegraphic Scheme. A Boston special says that Hon. Bard says that when he retires from the custom house he will embark in a comparty soon to be organized to build and operate a telegraph line between New York and Chicago. the wire to be of steel. with copper covering, and quarfor of an inch in diameter. Did Nothing Yesterday. NEW YORK, May 12. Shepherd d appear today, and the Congressional Committee adjourned. Time Set. CHICAGO, May 12.-The Republican State Convention will meet on June 98th, New Albany. Don't Talk of Bad Weather Mere. The heavy and continuous rains of the past few days have wrought great destruction along the valleys of White and Mescatian rivers. The entire country in valleys of these rivers is inundated. and farmers in Jackson, Lawrence and Martin counties are heavy losers. Fifteen miles of track of the Bedford railroad are washed out, and fencing has been carried away and in come places entire crops have been destroyed. A Liquer Bill. WASHINGTON, May 2.-The Senate Finance Committee took action on the bonded spirits bill, by referring it to Morrill and Bayard, as a b-committee, to prepare a substitute which will not permit the indefinite retention of spirits in bond, but provide for a maximum bonded period of about five years. The substitute also provides that bonds shall be given for the full amount of tax, and will extend the proposed benefit to spirits taken from proof, such as apple or grape brandy. A Town Blown Away. ATCHISON f(Kan.) May 12.-A special days that news has been received of cyclone at Cherokee City by which two persons were killed and thirteen others wounded. Cherokee is small watering place on the Territorial line, south of Marysville, and was entirely demolished, losing four houses. Effect of a Shooting. NEW YORK, May E-md W. Kingsland, Treasurer of the Provident Institution for Savings of Jersey City, shot himself this morning by accident design in the trustees room of the bank. The officials believe the fundsof the institution intact, and made a publie statement to that effect, but a run began on the bank, which is surrounded by anxious depositors. Kingsland's condition is critical. The run on the bank continues, and assumes the feature of a panic. The president and cleck examined securities for call loans deposited at the Mercantile Trust, and report all correct. To be Heard Again. Shipherd will testify again before the committee in Washington next week. Too Much Water. CHICAGO, May 12.-Ball games and races in the West generally have been prevented by rains today. O.R. stock. New York, May 2-Oregon Railway and Navigation Company's stock quoted at 1381. Another Cyclone. HEREVEPORT, I'a., May direatrous syclone swept over this part of the country this morning. Houses, forests end plantations in its track were swept away or destroyed. Everything on the plantation owned by Mrs. c. Leroy was shoptaway. One man and two children were killed and many dangeropaly wounded. Near Arcadia many houses www.destroyed. A large number of eatthe were killed. A now building in course of construction was blown down. A number of workmen were buried in

4. May 13, 1882 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, May 13, 1882

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SHOT HIMSELF. An Officer of a New Jersey Bank Did It. The Deed Followed by a Serious Run Upon the Savings Institution. More High Winds and Fearful Cyclones Doing Great Damage. A Bank Officer Shoots Himself. New York, May 12.-Edmund W. Kingsland, treasurer of the Provident institution for savings at Jersey City, shot himself this morning, either by accident or design, in the trustees room of the bank. The officers believe the funds of the institution intact and made a public statement to that effect, but a run has begun on the bank, which is surrounded by anxious depositors. Kingsland is trustee for a large number of estates in Jersey City and vicinity. There are over 13,000 accounts, and the total amount due depositors is over $5,000,000; assets, $5,791,833, consisting of bonds and mortgages, $3,000,000, U. S. bonds $2,000,000, cash on hand in bank, $1,500,000, call loans $385,000. A later dispatch says: Kingland's condition is critical. The run on the bank continues and assuines the features of a panic. The president and clerk have examined the securities for the call loans, deposited at the Mercantile trust, and report all correct.

5. May 13, 1882 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, May 13, 1882

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HE IT: 1 The Treasurer of an Extensive Savings Bank Shoots Himself, NEW Yonx, May 12-Edward W. Kingsland, treasurer of the Provident institution for savings, Jersey City, shot himself this morning, by accident or design, in the trustee's room of the bank. The officials believe the funds of the institution intact, and have made a public statement to that effect, but a run has begun on the bank, which is surrounded by anxious depasitors. Mr. Kingsland is trustee for a large num. ber of estates in Jersey City and vicinity. The wound is not considered mortal. There are over 13,000 accounts, and the total due depositors is more than $5,000,000. The assets are $6,791,832. consisting of bonds and mortgages, $3,000,000; United States bonds, $2,000,000; cash on hand and in banks, $150,000; call loans, $385,000. Kingland's condition is critical. The run on the bank continues and has assumed the features of a panic. The president and clerk examined the securities for call loans deposited at the Mercantile trust and report all correct. LATEI--The trustees of the bank have made a careful examination of the securities and found everything intact. There is due the depositors about $5,300,000. The bank has a surplus of about $400,000. It was decided to open the bank to-morrow and receive deposits as usual.

6. May 13, 1882 Wheeling Register Wheeling, WV
Article from Wheeling Register, May 13, 1882

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RUN ON A BANK. The Treasurer Shoots Himself. NEW YORK, May 12.-Edmund W. Kingsland, treasurer of the Provident Institution for Savings, of Jersey City, shot him. self, this morning, by accident or design. in the trustees' office of the bank. The officials believe the funds of the institution are in tact, and have made a public statement to that eflect. but a run has been made on the bank which is surrounded by anxious depositors. Kingsland is trustee for a large number of estates in Jersey City and vieinity. The wound is not considered mortal. There are over thirteen thousand accounts and the total amount due depositors is more than five millions. Assets $517,918.33, consisting of bonds and mortgages, and three millions United States bonds, and $150,000 call loans. Kingsland's condition is critical. The run on the bank continues and has assumed the features of a panic. The President and certabayer examined the securities for call toans deposited at the mercantile trust, and report all correct.

7. May 13, 1882 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, May 13, 1882

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More Bank Trouble in Jersey City. NEW YORK, May 12.-Edmund W. Kingsland, treasurer of the Provident Institution for Saving set Jersey City, shot himself this morning by occident or design in the trustee's room of the bank. The officials believe the funds of the institution intact, and made public. statement to that effect, but is run has begun on the bank, which is surrounded by anxious depositors. Kingsland is trustee for large numbers in the States and in Jersey City and vicinity. The wound is not considered mortal. There are 1,500 accounts, and a total due the depositors of more than Assets, 85,791 833, consisting of bonds and mortgages yo,U.S. bonds cash on hand in bank call loans $185,(NN). etc. Kingsland's condition is critical. The run on the bank continues to assume the features of a paric. The President and Clerk examined the securities for call loans deposited at the Mercantile Trust, and report all correct.

8. May 14, 1882 New-York Tribune New York, NY
Article from New-York Tribune, May 14, 1882

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LOCAL MISCELLANY. MR. KINGSLAND BETTER. Edmund W. Kingsland, treasurer of the Provident Institution for Savings in Jersey City, who shot himself on Friday morning, is still alive. He 18 by no means out of danger, as inflammation may set in at any time: if it does, it will be almost certain to result in death. He retained consciousness all day yesterday, and was able to take some slight nourishment. He was also able to talk, but showed no inclination to speak of the shooting, and his physicians would not permit him to be questioned on the subject. The improvement in his condition during the day and evening gave rise to strong hopes that he will survive. The run on the bank continued yesterday, but as on Friday every demand was promptly met. and many when they found their money ready for them went away without drawing it. The people who are drawing their deposits are among the least intelligent of the community, people to whom a bank statement is like sanscrit and who are only anxious to have their money through fear that something might be wrong. One anxious depositor remained all Friday night in the neighborhood of the bank, SO as to be there in time in the morning. Two others from Philadelphia came on in the midnight train, and were at the bank soon after daylight. The amount paid out up to 3 o'clock yesterday afternoon was $115,655.34. and about 220 accounts were closed up. The bank was reopened again in the evening to accommodate all who might come. William Hogencamp, president of the Second National Bank, called at the bank about noon and proffered whatever financial assistance might be needed. His offer was declined with thanks, the bank being in possession of ample funds. It has $2,000,000 in Government bonds alone, which can be converted into cash without delay. The officers of the bank are pleased that 80 many of the accounts are being closed, as they had a large surplus fund on hand, on which they were paying interest. and for which they could find no profitable investment. The bank will be opened to-morrow as usual.

9. May 17, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 17, 1882

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Effects of a Run on a Bank. JERSEY CITY, N. J., May 16.-Edmund W. Kingsland, treasurer of the Provident Institution for Savings, who attempted suicide last Friday, is to-day reported to be steadily improving, although there are fears that he will lose the sight of both eyes. The run on the bank has ceased. It has resulted largely to the advantage of the bank in forfeited interest.

10. May 21, 1882 The Weekly Elko Independent Elko, NV
Article from The Weekly Elko Independent, May 21, 1882

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EDMUND W. KINGSLAND, Treasurer of the Provident Institution for Savings, Jersey City, shot himself yesterday morning, by accident or design, in the trustees' room of the bank. The officinis believe the funds of the institution intact, and made n public statement to that effect, but a run has commenced on the bank, which is surrounded by anxious depositors.