13831. Manchester Savings Bank (Manchester, NH)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
December 18, 1905
Location
Manchester, New Hampshire (42.996, -71.455)

Metadata

Model
gpt-5-mini
Short Digest
efe94af6

Response Measures

Accommodated withdrawals

Description

Multiple newspapers (Dec 18–19, 1905) report a run on the Manchester Savings Bank by Greek and Italian mill hands. The bank remained open to meet demands and there is no mention of suspension, receivership, or closure. The trigger is described as confusion over a report about the recent sale of the Manchester cotton mills; this is coded as rumor_or_misinformation because the article implies a confused/misreported item rather than documented insolvency.

Events (1)

1. December 18, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors (Greek and Italian mill hands) became confused over a report relating to the recent sale of the Manchester cotton mills, triggering withdrawals.
Measures
Bank remained open to meet all demands; officials attempted (but struggled) to explain bank was in excellent condition.
Newspaper Excerpt
A run on the Manchester Savings bank by the Greek and Italian mill hands has been in progress all day and the institution remained open to-night to meet all demands for funds.
Source
newspapers

Newspaper Articles (3)

Article from The Daily Morning Journal and Courier, December 19, 1905

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Article Text

RUNON. MANCHESTER, N.H., BANK Greek and Italian Mill Hands Besiege Institution. Manchester, N. H., Dec. 18.-A run on the Manchester Savings bank by the Greek and Italian mill hands has been in progress all day and the institution remained open to-night to meet all demands for funds. As the foreigners cannot speak English the officials were unable to explain. satisfactorily that the bank is in excellent condition. It is not known what started the run, but it is thought the foreign depositors became confused over a report relating to the recent sale of the Manchester cotton mills.


Article from The Providence News, December 19, 1905

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Article Text

NUGGETS OF NEWS. The cable companies received notice today that telegraphic communication with St. Petersburg has been severed again. Acting Governor General Ide, will invite William J. Bryan on the latter's arrival at Manila from China, to be the guest of the Order of Elks. The run on the Manchester, N. H., SavIngs bank, spent its force yesterday and today there have been but few depositors seeking to withdraw their money. The French government is officially advised of President Castro's favorable action in withdrawing the offensive note to M. Taigny, the French charge d'affaires, at Caracas, It is learned on good authority that Jo. seph Bosler of Philadelphia, will be appointed assistant United States treasurer at Philadelphia in place of William Leib recently removed. At the home of John A. McCall. president of the New York Life Insurance company, yesterday a member of the fam. fly said that Mr. McCall was not suffering with pneumonia as had been reported and that, except for a slight cold, Mr. McCall was in the best of health. The New Hampshire state Grange opened its 32d annual session in Mechanics' hall, Manchester, today with the largest attendance in the history of the organization. The opening was in the fifth degree with the master of the state Grange Herbert O, Hadley of Temple, presiding. The annual meeting of the Maine state grange, Patrons of Husbandry whose membership in the state now numbers 50.000, was opened today at Bangor with an attendance estimated at 25(a) people. Master Obadiah Gardner of Rockland, is presiding. Considerable interest in the bustness of the meeting centres in the election of officers tomorrow. There will be a lively contest for the leadership of the body in which several candidates will participate.


Article from Martinsburg Herald, December 23, 1905

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Article Text

Foreigners Cause Run on Bank. MANCHESTER, N. H., Dec. 19.-A run on the Manchester Savings bank by the Greek and Italian mill hands has been in progress all day, and the institution remained open last night to meet all demands for funds. As the foreigners cannot speak English the officials were unable to explain satisfaetorily that the bank is in excellent condition. It is not known what started the run. but it is thought the foreign depositors became confused over a report relating to the recent sale of the Manchester cotonimills