13206. German Savings Bank (Brooklyn, NY)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
May 17, 1884
Location
Brooklyn, New York (40.660, -73.951)

Metadata

Model
gpt-5-mini
Short Digest
05e71b88c112116b

Response Measures

None

Description

Article (St. Paul Daily Globe, 1884-05-17) reports a run on the German Savings Bank in Brooklyn on 1884-05-17; the teller was paying out gold and the excitement at Brooklyn banks calmed down, with no mention of suspension or closure. A 1927 Brooklyn Daily Times excerpt references the bank historically (when it was known as German Savings Bank) but does not report a new suspension or failure. Classified as run_only.

Events (2)
1. May 17, 1884 Run
Cause
Local Banks
Cause Details
Concurrent runs and general excitement among several Brooklyn savings banks; run appears linked to wider local banking disturbances.
Measures
Teller paying out gold to depositors.
Newspaper Excerpt
There was a run on the German Savings bank to-day, mostly of women. The teller is paying gold.
Source
newspapers
2. November 15, 1927 Other
Newspaper Excerpt
…when the bank was known as the German Savings Bank there the bank. It through the forced of securties two days that the bank pulled through… (garbled excerpt).
Source
newspapers

Newspaper Articles (2)
1. May 17, 1884 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, May 17, 1884

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Article Text

STRAIGHTENING UP. The suspended firms are all busy straightening their affairs. Goff & Randle will not have a statement before next week. Dimick & Co, state that they want some time to adjust their accounts Hatch & Foote, Bogart & Co., Hotchkiss & Burnham and J. C. Williams, connot give anything definite as to the state of their affairs. Nelson, Robinson & Co. expect to resume in a short time. RUNNING SMALL BANKS. The run on the Emigrant Industrial Savings bank was abated to-day; $160,000 was paid out yesterday. There was no run today on the Manhattan Savings bank. The Greenwich bank run also ended to-day. There was a run on the German Savings bank to-day, mostly of women. The teller is paying gold. There was a run on the Seamen's Savings bank, but the depositors were paid. The excitement at the several Brooklyn banks has calmed down. There was nothing that could be called a run on any savings bank to-day. The Atlantic State bank of Brooklyn was open to-day, but no business will be transacted till the bank examiners get through.

2. November 15, 1927 The Brooklyn Daily Times Brooklyn, NY
Article from The Brooklyn Daily Times, November 15, 1927

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Article Text

H. Steinkamp, Philip A. Benson. Stephen Baker, George W. Wickersham. F. Henshaw Frederick K. Kobbe, Frank Kinney, J. N. Babcock and H Wilson. Charles president of the Bank Brooklyn and chairman Group V., Brook Savings Banks, illustrated the point by that in when the bank was known as the German Savings Bank there the bank. It through the forced of securties two days that the bank pulled through The he said. savings banks to Invest all but the reserve present the banks called upon to invest great disadvanand business conditions the bonds of approved rail roads not presiden of the New Savings Bank Asthe positor State $800 duty for in the of the According to Philp the State Savings $ available by State that amount of this