Trenton Savings Fund Society

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: September 21, 1889
Location: Trenton, New Jersey (40.217, -74.743)

Metadata

Model: gpt-5-mini
Short Digest: 47f523c0

Response Measures

Accommodated withdrawals

Description

Multiple articles report a depositor run on Sept 21, 1889 caused by a rumor that the bank had been robbed and suspended. The bank met every demand and did not suspend. Classified as run_only. Bank type not explicitly stated in articles.

Events (1)

1. September 21, 1889 Run

Cause: Rumor Or Misinformation
Cause Details: A rumor spread (among Hungarian mill workers) that the bank had been robbed and had suspended payment; officers stated the rumor was groundless.
Random Run: Yes
Random Run Snippet: Rumor bank had been robbed and suspended; officers said groundless
Measures: Tellers paid out over $15,000 and met every demand; officers publicly denied the rumor.
Newspaper Excerpt: The Trenton Savings Fund Society ... had a run from its depositors this morning. ... Some one started a rumor ... that the bank had been robbed, and had suspended payment. ... At the bank the tellers paid out over $15,000, and met every demand without hesitation. The officers said that the rumor was groundless
Source: newspapers

Newspaper Articles (3)

1. September 22, 1889 New-York Tribune New York, NY

Article from New-York Tribune, September 22, 1889

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Article Text

HUNGARIAN DEPOSITORS ALARMED. Trenton, N. J., Sept. 21.-The Trenton Savings Fund Society, doing a heavy business with the Hungarians working in the iron mills, had a "run" from its depositors this morning. Some one started a rumor among the Hungarlans that the bank had been robbed, and had suspended payment. They became panic-stricken and flocked in large numbers to the bank. So many of them stopped work at the mills of John A. Roebling's Sons & Co. that the mills were shut down. At the bank the tellers paid out over $15,000, and met every demand without hesita. tion. The officers said that the rumor was groundless, and they knew of nothing that could have caused it.

2. September 22, 1889 The Sunday Morning News Jersey City, NJ

Article from The Sunday Morning News, September 22, 1889

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Article Text

A Bank Run Shuts Down a Mill. Special to the Sunday Morning News. TRENTON, Sept. 21, 1889.-A rumor to the effect that the Trenton Savings Fund Society had failed and suspended payment gained currency among the Hungarian population here this morning and caused much excitement. So many of the Hungarians left off work to go to the bank that the big mill of John A. Roebling's Sons & Company was compelled to shut down. Great droves of the foreigners went to the bank and drew out their savings. Over $15,000 was paid out this morning. One rumor was to the effect that a robbery caused the suspension. A NEWS reporter found the bank officers unruffled. They said the rumor was absurd and entirely groundless. They knew nothing of its origin.

3. September 22, 1889 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, September 22, 1889

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Article Text

Run on a Jersey Bank. TRENTON, N.J., Sept. 21.-A run was started on the Trenton Savings Fund Society's bank to-day by a rumor to the effect that it had been robbed. Its depositors for the most part are Hungarians employed in the Union mills here. When the reports reached them they became panic stricken, quit work. and in a short time a large crowd had congregated around the bank building. So many quit work that the mills had to shut down. At the bank every demand was met. Some $15,000 was paid out. There is no truth in the reported robbery.