Article Text
ROBBED BY THE TREASURER SEVENTY-FIVE THOUSAND DOLLARS STOLEN FROM A KINGSTON BANK. ARREST OF JAMES E. OSTRANDER, THE GUILTY \ I OFFICIAL-A RUN ON THE BANK MET WITH ALL THE MONEY NEEDED.
13470. Kingston Bank (Kingston, NY)
Bank Information
- Episode Type
- Run → Suspension → Unsure
- Bank Type
- state
- Start Date
- September 19, 1891
- Location
- Kingston, New York (41.927, -73.997)
Metadata
- Model
- gpt-5-mini
- Short Digest
61a7017360859172
Response Measures
None
Description
September 1891: a run occurred after the treasurer stole $75,000; papers report the run was met initially. By Oct 6, 1891 the bank (and Rondout) had posted a 60 days notice, indicating a suspension under the 30/60/90 rule. There is no article here confirming a reopening or permanent closure, so I classify as run -> suspension with outcome unsure. OCR/copy corrected 'Kingsten' to 'Kingston' in Article 2.
Events (2)
1.
September 19, 1891
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Treasurer James E. Ostrander stole/embezzled $75,000; arrest reported, provoking depositor withdrawals.
- Measures
- Bank met withdrawals initially; had 'all the money needed' to meet the run according to the Tribune.
- Newspaper Excerpt
- ROBBED BY THE TREASURER SEVENTY-FIVE THOUSAND DOLLARS STOLEN FROM A KINGSTON BANK. ARREST OF JAMES E. OSTRANDER, THE GUILTY ... A RUN ON THE BANK MET WITH ALL THE MONEY NEEDED.
- Source
- newspapers
2.
October 6, 1891
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Following runs (linked to the Kingston theft and unrest), the bank posted a 60-days notice (partial suspension under the 30/60/90 rule).
- Newspaper Excerpt
- Kingston and Rondout, N. Y., banks are experiencing runs and have posted the 60 days notice
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Kingsten and Rondout, N. Y., banks are experiencing runs and have posted the "60 days notice" "Here's to the maiden of bashful filteen, And here's to the wi ow of forty!"