Trenton Savings Bank - Trenton, NJ

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: September 22, 1873
Location: Trenton, New Jersey (40.217, -74.743)

Metadata

Model: gpt-5-mini
Short Digest: fc0a64eb

Response Measures

Accommodated withdrawals

Description

Newspaper dated 1873-09-23 reports a run in Trenton on Sept 22, 1873. Directors invoked a two-weeks notice per charter and recorded names of depositors; bank stated it was amply able to pay every dollar. No suspension or closure reported.

Events (1)

1. September 22, 1873 Run

Cause: Macro News
Cause Details: Run triggered by wider financial crisis/panic centered in New York; public anxiety and disposition to run savings banks amid the 1873 financial turmoil.
Measures: Directors invoked charter two-weeks notice and recorded names of depositors requesting withdrawals; bank reassured that it could pay every dollar.
Newspaper Excerpt: TRENTON, N. J., September 22 - There was a run on our Savings Bank to-day. The directors claimed two weeks notice, according to their charter, and took the names of all who wanted their money. They are amply able to pay every dollar.
Source: newspapers

Newspaper Articles (1)

1. September 23, 1873 New Orleans Republican New Orleans, LA

Article from New Orleans Republican, September 23, 1873

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Article Text

WHOLE NUMBER 1983. millions on the thirty and sixty dav rule, and only require oneis paying sums of over $100. The State reets toSavings Institution crowd is very quiet and ery one orderly. The late reports, public and priresident vate, from New York, appear to have had day. It the effect of lessening the anxiety. resident Meeting of National Bank Presidents. im, he A meeting of the presidents of national and the banks was held to-night to discuss the finaninstead cial situation in New York and here. There narrow was a general feeling that affairs were in much better condition in New York than on Saturday, and it is thought the worst is t at the over. It was the unanimous opinion that there is no reason to fear any trouble, but it was agreed that in the event that any at the should arise the banks will stand by each d been other to the end. The disposition shown was in this morning to "run" the savings banks rith the was less marked this afternoon, and there 1. The was apparently very little excitement or paying alarm among the people. Run ou the Trenton Bank. bonds TRENTON, N. J., September 92 -There to this was a run on our Savings Bank to-day. The directors claimed two weeks notice, acof the cording to their charter, and took the grantnames of all who wanted their money. erty of They are amply able to pay every dollar. telphia, Our regular banks were also called upon by a few depositors, and paid them promptly. heir acEach of the three banks in Trenton have a to the surplus of over $100,000. rm deCanada Railroad Embarrassed. ill due. Sr. CATHARINES, Ont., September 22.ged in of that The Canada Southern Railway Company have, owing to the financial crisis in New York, been obliged to cancel all their contracts for the present, and have ordered the ational discharge of all their workmen not emestigathis afployed on regular trains running over the road. all corof the A Pittsburg House Suspended. fy all PITTSBURG, September 22. - James T. r keepBrady & Co., brokers, and the Security dollar. Trust Company, of this city, suspended to-day. c