Piscataqua Savings Bank - Portsmouth, NH

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: January 15, 1892
Location: Portsmouth, New Hampshire (43.072, -70.763)

Metadata

Model: gpt-5-mini
Short Digest: de622a77

Response Measures

None

Description

Article (Vermont Phoenix, 1892-01-15) reports an extensive run over the past week with nearly $75,000 withdrawn. Bank described as 'in a very strong condition.' No suspension, closure, or receivership mentioned. Cause described as mysterious/nervousness (treated as rumor/misinformation under guidelines).

Events (1)

1. January 15, 1892 Run

Cause: Rumor Or Misinformation
Cause Details: Depositors withdrew funds apparently because others were drawing money; officials called the cause a 'mystery' suggesting contagion/nervousness rather than specific bank failure.
Newspaper Excerpt: For the past week there has been quite an extensive run on the Piscataqua savings bank at Portsmouth, nearly $75,000 having been withdrawn. The cause for this run is a mystery to the bank officials and it is doubtful if many who withdraw their money can give any reason, save that some one else was drawing money. The bank is in a very strong condition.
Source: newspapers

Newspaper Articles (1)

1. January 15, 1892 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT

Article from Vermont Phœnix, January 15, 1892

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Article Text

NEW HAMPSHIRE NOTES. Dr. William Jarvis of Claremont has sold from his own breeding of red Irish setter dogs, Elcho, jr., for $1000, and a pair of field puppies for $1000. For the past week there has been quite an extensive run on the Piscataqua savings bank at Portsmouth, nearly $75,000 having been withdrawn. The cause for this run is a mystery to the bank officials and it is doubtful if many who withdraw their money can give any reason, save that some one else was drawing money. The bank is in a very strong condition. Elisha Munsell's dry house in Swanzey and factory filled with staves were burned on Friday morning of last week. Loss $600. There were three deaths in Walpole the latter part of last week. Salem Town, a well-known farmer, died on Thursday; Charles G. Livermore, an aged resident, on Friday morning; and Mrs. Anna Taggard, wife of John W. Taggard, a prominent farmer, on Friday forenoon.