Postal cards circulated to depositors urging withdrawals; officers called them malicious rumors/conspiracy and said bank solvent.
Random Run
Yes
Random Run Snippet
Postal cards urged withdrawals; no foundation for the fright
Measures
All demands promptly met; police maintained order; bank requested postal authorities investigate; offers of assistance received.
Newspaper Excerpt
CINCINNATI BANK SCARE RUN STARTED ON A SAVINGS BANK Some One Circulated Postal Cards Advising the Depositors to Get Their Money Out-No Foundation for the Fright.
Source
newspapers
Newspaper Articles (10)
1.March 25, 1905The Fargo Forum and Daily RepublicanFargo, ND
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Article Text
CINCINNATI BANK SCARE RUN STARTED ON A SAVINGS BANK Some One Circulated Postal Cards Advising the Depositors to Get Their Money Out-No Foundation for the Fright. Cincinnati, March 25.-A run on the Union Savings Bank & Trust Co4 alleged to have been caused by a conspiracy has continued two days. Today the bank was crowded with excited depositors. One woman was badly injured. It is charged postal cards advising the depositors to withdraw deposits were sent out and efforts are being made to discover the guilty person, The bank is perfectly solvent.
2.March 25, 1905Evening Times-RepublicanMarshalltown, IA
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Article Text
Conspiracy Against Bank
Cincinnati, March 25.-The result of a conspiracy is declared by officials of the Union Savings Bank and Trust Co., to be the explanation for a run on the savings department of that the institution today, in which women were knocked down and seriously trampled on in the rush of depositors to secure their money. The bank has two and a half million in cash on hand, nearly eight million securities, besides other assets to care for its eighteen million dollars deposits. It is charged that postal cards had been sent to depositons of the bank, advertising withdrawal of the deposits.
3.March 25, 1905The Daily SentinelGrand Junction, CO
4.March 25, 1905The Evening StatesmanWalla Walla, WA
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Article Text
RUN ON CINCINNATI BANK
Union Savings Bank Meets All Demands Promptly. CINCINNATI, March 25.-The run which started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in this city, continued today. The bank was crowded and police were required to maintain order. All demands were promptly met. The bank has received many offers of assistance. The officers of the bank assert the run was started by malicious rumors, deliberately started by means of postal cards. They will request the postal authorities to investigate.
5.March 25, 1905The Spokane PressSpokane, WA
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Article Text
START A RUN ON CINCINNATI SAVINGS BANK (Scripps News Association.) CINCINNATI, O., March 25.-The run which started yesterday on the Union Savings Bank & Trust company, one of the strongest financial concerns in this city, continued today. The bank was crowded. The police maintained order. All demands were promptly met. The bank received many offers of assistance. Officers of the bank assert the run was started by malicious rumors, deliberately started by means of postal cards. They will request the postal authorities to investigate.
6.March 25, 1905The Seattle StarSeattle, WA
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RUN CONTINUES (By Scripps News Ass'n.) CINCINNATI, March 25.-The run which started yesterday on the Union Savings Bank & Trust company, one of the strongest financial concerns in this city, continued today. The bank is crowded with police to maintain order. All demands are promptly met. The officers of the bank assert that the run was started by malicious rumors deliberately started by means of postal cards. They will request the postal authorities to investigate.
CINCINNATI. O., March 28. - The run on the Union Savings Bank and Trust company has exhausted Itself. and the police who had been sent to the bank to preserve order exceeded in number the depositors who wished withdraw their money. to
8.March 31, 1905The Stark County DemocratCanton, OH
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Run on Bank Stopped
Cincinnati, O., March 27.-The run on the savings department of the Union Savings Bank and Trust Company which commenced last Friday morning and was marked in its early stages with great excitement among the throngs of small depositors came to a close shortly after noon today. The officials state that about $1,000,000 was drawn out mostly by the small depositors during the run.
9.May 26, 1905Americus Times-RecorderAmericus, GA
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Holzman & Co
, Assigns. Cincinnati, May 25.-Holzman & Co. the bankers and brokers in the Union Trust building and members of Stock Exchange of New York, assigned today to Lipman Levy. Alfred Holzman, a member of the firm, says their assets and liabilities are about equal-$1,000,000. He attributes their embarrass ment to the remors concerning the loss of $55,900 from the reserve fund of the German National bank and to the recent run on the Union Trust compay bank and the withdrawal of a former partner.
10.May 26, 1905The Pensacola JournalPensacola, FL
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CINCINNATI BROKERS MADE AN ASSIGNMENT
By Associated Press: Cincinnati, May 25.-Hoizman & Co bankers and brokers in the Union Trust building and members of the New York exchange. assigned to-day, to Lipman Levy. Alfred Holzman, a member of the firm says their assets and liabilities are about equal-$100.000. He attributes their embarrassment to the rumors concerning the loss of $55,000 from the reserve of the German National bank and to the recent run on the Union Trust Company bank and the withdrawal of a former partner.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Union Savings Bank & Trust Company · Episode ID 13004071263