14680. Albany County Bank (Albany, NY)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
January 28, 1890
Location
Albany, New York (42.653, -73.756)

Metadata

Model
gpt-5-mini
Short Digest
131c4ef2

Response Measures

Accommodated withdrawals

Description

Multiple contemporary newspaper accounts (Jan 28–30, 1890) report a rapid withdrawal of deposits from Albany County Bank after a director allegedly used an insulting racial slur about promoting the teller. Nearly $500,000 was reported withdrawn within an hour. Bank officers stated the institution could stand the withdrawals; there is no mention of suspension, closure, or receivership in the articles provided. I classify this as a run that did not lead to suspension.

Events (1)
1. January 28, 1890 Run
Cause
Bank Specific Adverse Info
Cause Details
Director reportedly said they 'did not want any sheeny' as cashier; insult provoked Jewish customers to withdraw deposits en masse.
Measures
Bank officers publicly stated they could stand the withdrawals and were satisfied with their choice of cashier; no suspension or emergency measures reported.
Newspaper Excerpt
No sooner was their action known on the street, and the alleged insult to the race noised abroad, than the Jewish customers of the bank began to withdraw their deposits. Within an hour ... it is said that nearly $500,000 was withdrawn.
Source
newspapers

Newspaper Articles (5)
1. January 28, 1890 Evening Star Washington, DC
Article from Evening Star, January 28, 1890

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Article Text

HE USED THE WRONG WORD And the Bank's Customers Withdrew Half a Million of Deposits. ALBANY, N.Y., Jan. 28.-There was an exciting time at the Albany county bank in this city yesterday afternoon. Cashier John Templeton died a short time ago and yesterday the directors met to elect his successor. It was expected that David S. Mann, the teller, who has been in the bank for nearly twenty years, would be promoted; but there was a bitch in the program and during the stormy session of the board one of the directors is credited with saying that they didn't want any "sheeny" as the head of their bank. When Mr. Mann heard this he resigned at once, and two of the directors, one of whom was Dudley Farlin, also tendered their resignations, saying they could not afford to be connected with an institution where such ideas prevailed. The directors then selected William N. Sanders, a well-known business man, as cashier. No sooner was their action known on the street and the alleged insult to the race raised abroad than the Jewish customers of the bank began to withdraw their deposits. Within an hour a crowd of angry men, representing some of the largest houses in the city and the bank's best customers, filled the space in front of the desk, demanding that their accounts be closed at once. One man received a certified check for nearly $200,000,and it is said that nearly half a million was withdrawn. The proceedings will probably be continued today, but the bank's officers say they can stand it and are satisfied with their choice. The matter is the leading subject of conversation in town.

2. January 28, 1890 The Washington Critic Washington, DC
Article from The Washington Critic, January 28, 1890

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Article Text

SHEENY V WIH ROW CAUSED BY AN INSOLENT OFFICIAL , Albany Bank Director Insults Jewish Employe on Account of Race, and the Moneyed Hebrews he City Withdraw Their Deposits. ALBANT. N. Y., Jan. 28.-There exciting time at the Albany County nk in this city yesterday afternoon shier John Templeton died a shor ne ago and yesterday the directors et to elect his successor. It was cted that David S. Mann, then teller 10 has been in the bank for nearly enty years, would be promoted. ere was a hitch in the programme d, during the stormy session of the ard, one of the directors is credited th saying that they did not want any heeny" as the head of their bank. When Mr. Mann heard this he ned at once, and two of the direc rs, one of whom was Dudley Farlin o tendered their resignations, saying ey could not afford to be connected th an institution where such evailed. The directors then selected m. N. Sanders, a well-known ss man, as cashier. No sooner was their action known or el street and the alleged insult to ce noised abroad, than the Jewish mers of the bank began to withdraw eir deposits. Within an hour a crow angry men, representing some of the gest houses in the city and the bank' st customers, filled the space in fron the desk demanding that their unts be closed at once. One man ived a certified check for nearl 00,000, and it is said that nearly million was withdrawn The proceedings will probably ntinued to-day, but the bank's officer y they can stand it and are satisfied th their choice. The matter is ding subject of conversation in Revenge Taken on the W. C. T. U. MILWAUKEE. WIS., Jan. 28.-Th oman's Christian Temperance Union re, yesterday, received formal notic m the directors of the Young Men' ristian Association building. tice says that, having allied them ves with the Prohibition party, omen must be treated like any litical organization, and are there re debarred from occupying quarter the Young Men's Christian Associa on building. This charge grows the action taken at the Chicago ntion recently, which the local unio dorsed. The Young Men's Christia ssociation people are exceedingl ath to talk about the matter. Secre ry Willetts said last evening he would t the directors explain if they saw is hinted in outside circles that the reasons for the action on the the directors was that several libera ibscribers to the Young Men's Chris in Association funds complaine out the ladies being in the building ying they were really the Prohibitio arty. Domestic Scandal Ends in Murder. WICHITA, KAN., Jan. 28.-Dudie urphy, a leading citizen of Clea ater. 200 miles west was shot in

3. January 29, 1890 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, January 29, 1890

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Article Text

DIDN'T WANT A "SHEENEY." An Expression Which Caused a Run on an Albany, N. Y., Bank. ALBANY, Jan. 29.-Cashier John Templeton, of the Albany County bank, died a short time ago and Monday the directors met to elect his successor. It was expected that David S. Mann, the teller, who has been in the bank for nearly twenty years, would be promoted. But during a'stormy session of the board one of the directors is credited with saying that they didn't want any "sheeny" as the head of their bank. When Mr. Mann heard this he resigned at once, and two of the directors also tendered their resignations. The directors then selected William N. Sanders, H. well-known business man, as cashier. The Israelites Resent the Insult. No sooner was their action known on the street, and the alleged insult to the race noised abroad, than the Jewish custo ners of the bank began to withdraw their deposits. Within an hour a crowd of angry men, representing some of the largest houses in the city and the bank's best customers, filled the space in front of the desk demanding that their accounts be closed at once. One man received a certified check for nearly $200,000, and it is said that nearly $500,000 was withdrawn. The proceedings will probably be continu ed, but the bank's officers say they can stand it, and are satisfied with their choice.

4. January 29, 1890 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, January 29, 1890

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Article Text

WITHDREW THEIR DEPOSITS. An Injudicious Utterance Against Hebrews Causes a Heavy Run on an Albany Bank. ALBANY, N. Y., Jan. 28.-At the Albany County Bank, in this city, yesterday afternoon, the directors met to elect a successor to Cashier Templeton, deceased. It was expected that David S. Mann, the teller, who has been in the bank for nearly twenty years. would be promoted. But there was a hitch in the programme, and during the stormy session of the board one of the directors is credited with saying that they did not want "any sheeny" as the head of their bank. When Mr. Mann heard this he resigned at once. and two of the directors, one of whom was Dudley Farlin. also tendered their resignations, saying they could not afford to be connected with an institution where such ideas prevailed. The directors then selected William N. Sanders, a well-known bnsinees man, as cashier. No sooner was theiraction known on the street, and the alleged insult to the race noised abroad, than the Jewish customers of the bank began to withdraw their deposits. Within an hour a crowd of angry men, representing some of the largest houses in the city and the bank's best customers, filled the space in front of the desk. demanding that their accounts be closed at once, and it is said that nearly half a million was withdrawn. The bank's officers say they can stand it, and are satisfied with their choice.

5. February 1, 1890 The Tribune Great Falls, MT
Article from The Tribune, February 1, 1890

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Article Text

NO SHEENY FOR CASHIER. Unjust Action of the Directors Causes a Gigantic Run on an Albany Bank. ALBANY, N. Y., Jan. 30.-There was an exciting time at the Albany County bank Monday afternoon. Cashier John Templeton died a short time ago and Monday the directors met to elect his successor. It was expected that David S. Mann, the teller, who has been in the bank for twenty years, would be promoted. But there was a hitch in the programme, and during the stormy session of the board one of the directors is credited with saying that they Did Not Want Any "Sheeny" as the head of their bank. When Mr. Mann heard this, he resigned at once, and two of the directors, one of whom was Dudley Farlin, also tendered their resignation, saying they could not afford to be connected with an institution where such ideas prevailed. The directors then selected William N. Sanders, a well known business man as cashier. No sooner was their action known on the street, and the alleged insult to the race noised abroad than the Jewish customers of the bank began to withdraw their deposits. Within an hour A Crowd of Angry Men representing some of the largest houses in the city and the bank's best customers, filled the space in front of the desk, demanding that their accounts be closed at once. One man received a certified check for nearly $200,000, and it is said that nearly $500,000 was withdrawn. The proceedings will probably be continued, but the bank's officers say they can stand it and are satisfied with their choice. The matter is the leading subject of conversation in town.