13916. Bayonne Bank (Bayonne, NJ)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
February 4, 1931
Location
Bayonne, New Jersey (40.669, -74.114)

Metadata

Model
gpt-5-mini
Short Digest
ec335575

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Newspapers (Feb 4, 1931) describe a heavy queue and withdrawals driven by rumors that certain deposit books could not be cashed. Officials and community leaders quelled the crowd; bank met payments and brought checkbooks and paid out—no suspension or closure mentioned.

Events (1)

1. February 4, 1931 Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded rumors that certain deposit/Christmas fund books could not be cashed; reports blamed a discharged employee or a woman as source of the story.
Measures
Bank brought large supply of check books, expedited teller payments; officials and community leaders publicly assured depositors; police controlled lines.
Newspaper Excerpt
For five hours line of men mostly formed queue about the bank 23rd St. and waited their turns cashier's to withdraw their savings.
Source
newspapers

Newspaper Articles (2)

Article from The Jersey Journal, February 4, 1931

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Article Text

BAYONNE BANK (Continued) tide when the the bank" for the bank. The of those still this morning by Henry county Polish leader, Jacob Polish Both adpeople, prised the the line, explaining to that were foolish money from sound keep where would only danger their homes. Police are delegated to keep traffic moving lines progress. William Conway was at the assuring all ready but not withdraw. said that hand the bank meet all payments required. None of the branches of the Hudson County National Bank Jersey were by the situation Bayonne. on usual this morning and no were Reward Offered made this morning by Conway that bank will reward of leading the the person per into meeting the the An stand that Christmas fund book could not be cashed mand thought been responsible for run. Matters quieted down after Mayor Bert Michael MulliSt. former Rabbi Isaac added their assurance the safety given Frank For five hours line of men mostly formed queue about the bank 23rd St. and waited their turns cashier's to withdraw their savings. of them say just want their came was the demand for had run the bank positors mounted marble and men women that the bank prepared dollar. He that the bank had suffered absolutely that the of the intellican be said that believed they left tried among were most urgent their demand for their deposits them return order prove bank had several bills brought the the staff order to expedite person himself tellers his shortly after found necessary the order to give relief their strain. given that the bank would opened for that still desired to do Discharged Employe Suspected One the had the bank Polish residents had deposits the stitution. matter of talk heard men and among withdraw Polish the had of ors the bank in the shape Such fits the the Polish woman the bank with demand that given amount deposit in her Christmas book under cirthe day, mounted marble the depositors unfounded that had been the head the for years and that they could take word for every penny He asked them their money the bank but told them that the wanted to the bank following others remained and groups of unable to Realizing they not make the ficials the leaders of groups and address their people in native Mayor Dr. Mulligan, Rabbi Adzima St. Church the Italian Our Lady and Polish after and their City Deposit the talking bank that money He said is of bank that neither he Finance George Keenen the He was He said that necessary call order could assure all bank would the thing in the for as usual, the Ferguand Mayor crowd, making and asking people their Ferguson visited assume the to spread among friends They stressed the that bank sound that money the depositors Woman Blamed Despite every effort


Article from The Jersey Journal, February 4, 1931

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Article Text

BAYONNE BANK show their confidence in the Behind many had withdrawn their accounts yesThe bank has brought in large supply of check books ready for the turn the tide when the bank "run for the bank. The line of those still this morning by Henry Siemenski county Polish leader, and Jacob Muszynski, Polish leader Both addressed prised explaining them foolish sound keep where would only danger their homes. Police are keep traffic moving the progress. William Conway at the bank this morning, their money not said that million the bank meet all payments quired. None of the branches of the Hudson County National Bank Jersey City were affected by situation in and Reward Offered this morning by that bank reward for leading to the of person persons reports meeting the An unable stand that Christmas fund book be mand is thought have the responsible Matters quieted down after Mayor Bert Daly. Michael MulliHenry' Roman Rabbi Isaac Siegal other added their safety President Frank For five hours line of men mostly formed queue the bank on 23rd St. and Broadway and waited their turns cashier's window to withdraw their although them say just why they want ed their came Jersey the demand for had bank the positors that alarmed. He mounted marble women that the bank prepared dollar. the absolutely had and that the for credit the more intellidepositors can that they and they not left their deposits, but tried go among the who urgent for their In order prove that the bank brought the the staff paying order expedite Every person sented himself the tellers money and shortly after found the order to give the relief that the bank desired to Discharged Employe Suspected crowd during the afterbank Polish city had deposits in the heard of the into and regarding the had of with the story the bank in question the same Such story fits the Polish woman to the bank given deposit Christmas under