14154. State Bank (New Brunswick, NJ)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
November 15, 1906
Location
New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model
gpt-5-mini
Short Digest
dac218c8

Response Measures

Public signal of financial health

Description

Multiple newspaper reports (Nov 15, 1906) describe a run on the State Bank in New Brunswick driven by depositor suspicion/rumors. Bank officials and prominent citizens publicly reassured depositors; no suspension or closure is reported.

Events (1)
1. November 15, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
General depositor suspicion/rumors prompted withdrawals; articles give no concrete adverse facts or specific misinformation event.
Measures
Prominent citizens and the vice president publicly assured depositors the bank was sound; warning that those withdrawing would lose six months' interest; many depositors instead made deposits to show confidence.
Newspaper Excerpt
During a run on the State bank here several prominent citizens assured suspicious depositors that the bank was entirely sound
Source
newspapers

Newspaper Articles (3)
1. November 15, 1906 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, November 15, 1906

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Article Text

Officials Say Bank Is Sound. NEW BRUNSWICK, N. J., Nov. 15. -During a run on the State bank here several prominent citizens assured suspicious depositors that the bank was entirely sound and warned them that those who insisted on withdrawing their money would lose six months' in. terest, payable Jan. 1. Many citizens then forced their way to the teller's window and made large deposits to show their faith in the bank. Congressman Benjamin F. Howell, vice president of the bank, said there was absolutely no reason for distrust in it.

2. November 15, 1906 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, November 15, 1906

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Article Text

Officials Say Bank Is Sound. NEW BRUNSWICK, N. J., Nov. 15. -During a run on the State bank here several prominent citizens assured suspicious depositors that the bank was entirely sound and warned them that those who insisted on withdrawing their money would lose six months' interest, payable Jan. 1. Many citizens then forced their way to the teller's window and made large deposits to show their faith in the bank. Congressman Benjamin F. Howell, vice president of the bank. said there was absolutely no reason for distrust in it.

3. November 17, 1906 Martinsburg Herald Martinsburg, WV
Article from Martinsburg Herald, November 17, 1906

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Article Text

May Bank 10 Bound. NEW BRUNSWICK, N. J., Nov. 18. -During a run on the State bank here several prominent citizens assured sue picious depositors that the bank entirely sound and warned them that those who insisted on withdrawing their money would lose six months' in terest, payable Jan. 1. Many citizens then forced their way to the teller's window and made large deposits to show their faith in the bank. Cosgressman Benjamin F. Howell, vies president of the bank, said there was absolutely no reason for distrust in It