14750. Amsterdam Savings Bank (Amsterdam, NY)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
November 5, 1903
Location
Amsterdam, New York (42.939, -74.188)

Metadata

Model
gpt-5-mini
Short Digest
6ca0160f

Response Measures

Accommodated withdrawals

Description

Contemporary reports (Nov 1903) describe a brief run triggered by a laborer's mistaken belief the bank had failed; withdrawals reported between $25,000 and up to $40,000. No suspension or closure is mentioned; run ceased same day.

Events (1)

1. November 5, 1903 Run
Cause
Rumor Or Misinformation
Cause Details
A Polish laborer saw the bank closed on election day, assumed it had failed, and that rumor spread, prompting withdrawals.
Random Run
Yes
Random Run Snippet
Polish laborer saw bank closed on election day; assumed failure
Newspaper Excerpt
A run on the Amsterdam Savings bank of Amsterdam, N. Y., was caused by a Polish laborer, who, finding the bank closed on election day, took it for granted that it had failed.
Source
newspapers

Newspaper Articles (5)

Article from Alexandria Gazette, November 6, 1903

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Article Text

TELEGRAPHIC BREVITIES. The lumbering village of Bibon, Wis. was completely wiped out by fire last night. The loss, it is believed, will reach $100,000. Last night a detective of the Erie Railway Company arrested Edward Yanseng, aged 16, and Isaac Williams, aged 19, both of Paterson, N. J., on the charge of having robbed the Erie stations and postoffices at Rahway, N. J., and Hazelton, Pa. The boys were arrested on a freight train after a fight in which shots were exchanged. The young desperadoes had a full outfit of burglar's tools. They were committed pending examination. An explosion of oil occurred at the Pennsylvania Railroad round house in Pittsburg, Pa., this morning, and two persons were so badly burned that they died afterwards. The men, carrying torches, went under an engine in the round house to test an oil jack. Immediately there was a violent explosion, and burning oil was sent flying in all directions and over the clothing of the men. How the accident occurred is not yet known. The run inaugurated at the Amsterdam, N. Y., Savings Bank yesterday ceased before noon today, the total amount of withdrawals not exceeding $40,000. Ninety per cent. of the withdrawals were made by foreigners. The Orange, N. J., police today received word that Miss Clara Coffin, who has been missing from her home in East Orange since Tuesday night last, has been found in Omaha, Neb., and that she was well. The Harmony mills, at Cohoes, N. Y., employing about 10,000 persons, have been shut down owing to a lack of cotton. Employes of the Chicago City Railway Company have voted to strike and are determined to enforce their demands.


Article from The Wisconsin Tobacco Reporter, November 20, 1903

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Article Text

back to Madison he thought was as difficult to explain as why the tower of Pisa leans, or who built the PyTamids. He went around the state while selling cuttlery, for some weeks. boring his friends on the train with the story of the almost supernatural sagacity of cats. Finally, one of the boys gave Hugh a little light. And now, in his most enthusiastic moments, he can be made shy and silent by reference to the subject. Insurance for Traveling Men. The traveling men have two associations. largely for insurance. other objects being to secure the rights of the craft (as abolition of license tax on travelers), railroad and hotel concessions, and SO on. For about eleven dollars a year, a traveling man can secure, in one of these companies, an accident policy which will grant him from $5,000 to $6,000, in case of death by accident: $25 weekly indemnity. to run a year in case of accident: $1,000 for hand, one foot, one arm, one eye. etc. Standards of traveling men have been greatly raised of late years. There is system and dignity in the business, which are a long ways removed from twenty-five years ago. Hypatia Boyd, as she was known in the University of Wisconsin, now Mrs. Reed, is very happy, notwithstanding she and her husband are mutes. She writes a long letter to the paper printed by the pupils of the mute school at Delavan. Its beginning is touching when one remembers how a bright heart will cheer affliction. The letter follows: "Dear Times: One of the poems written by Robert Burns is entitled, 'Wooed and Married and a',' and somehow or other I am reminded of it tonight as I try to think how I can best fulfill my promise to the editor, 'to write the Times an account of the wedding.' I hardly know where or how to begin this sketch, although I have actually been 'wooed and married and a',' but life these glorious Indian summer days, is to me, like a sweet, enchanted dream, SO much SO, that I feel as if I could better express my thoughts in music, or in poetry. Indeed. the happiness that comes from wedded love is SO indescribably exquisite and tender, that really I feel like advising every eligible person to do as I have done, namely, to marry for love." The two met five years ago in Delavan Mr. Reed is a nephew of Alexander Mitchell and the romance opened with a life of the great railroad man which Miss Boyd wrote in a prize competition for the Milwaukee Sentinel. Observations in LaCrosse. I was in LaCrosse last week. It is a metropolis in appearance-with the exception of Milwaukee. no city somuch SO in the state. This is largely due to street after street of beautiful homes, elaborate and even palatial homes, each with a generous setting of ground. LaCrosse is a city of about the same population as Superior, Racine and Oshkosh, but it is the wealthiest of them all, as regards individual citizens. Moreover. the land site is not cramped. There is no residence frontage in the city, I was told, rated at more than $50 a front foot. In Madison some is offered at $200. A most excellent lot of sixty feet can be bought in most parts of LaCrosse for $2,000. The prairie stretches an unlimited distance. the city is well veined with the street car lines and everybody may have a lawn and a garden. 3. LaCrosse will soon have completed a $200,000 hotel, all but $20,000 being laid out in construction and equipment. It is a public project, largely by popular subscription, and the citizens are genuinely interested in it. It will be the talk of the state when opened. Its construction is massive and simple. in the heart of the city. There is a LaCrosse club, with 210 members. and a waiting list. The dues are $20 a year. It is run on broad lines, nonresident business men's and women's clubs holding their sessions there. The Mississippi river is the romantic object of interest to strangers. To LaCrosse it is chiefly interesting now by reason of the island of some 225 acres opposite the city. which Mr. Pettibone. a wealthy citizen. is making beautiful for the use of the people. LaCrosse has had its period of depression. following the conclusion of lumbering operations, and is now developing as an important manufacturing and jobbing point. A recent list shows more individuals and estates with large holding than any other Wisconsin city, proportionately. It is the home of many interesting people, noted figures in Wisconsin. Talk Gently of the Banks. A run on the Amsterdam Savings bank of Amsterdam, N. Y., was caused by a Polish laborer. who, finding the bank closed on election day, took it for granted that it had failed. About $25,000 was withdrawn. The bank has a


Article from The Wisconsin Tobacco Reporter, November 20, 1903

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Article Text

Talk Gently of the Banks. A run on the Amsterdam Savings bank of Amsterdam, N. Y., was caused by a Polish laborer, who, finding the bank closed on election day, took it for granted that it had failed. About $25,000 was withdrawn. The bank has a large surplus. It was in Maryville, I believe, in this state, that a run on a bank occurred from a peculiar cause. Some improvements were being made on the bank building, the effect being to raise the entrance. The end man of a strolling minstrel show ventured the funnyism. "The bank of Maryville has gone up, I see," and by the time this story was innocently handed about the community a few times the run began. Another case in this state: An old lady fell on the sidewalk in front of a bank. A crowd gathered to help her and some observer at a distance remarked in a loud voice, "There seems to be some trouble at the bank." This was enough. Every good citizen will walk on thin ice when he refers to the subject of banks. ORLANDO BURNETT,


Article from Grant County Herald, November 21, 1903

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# Talk Gently of the Banks. A run on the Amsterdam Savings bank of Amsterdam, N. Y., was caused by a Polish laborer, who, finding the bank closed on election day, took it for granted that it had failed. About $25,000 was withdrawn. The bank has a large surplus. It was in Maryville, I believe, in this state, that a run on a bank occurred from a peculiar cause. Some improvements were being made on the bank building, the effect being to raise the entrance. The end man of a strolling minstrel show ventured the funnyism, "The bank of Maryville has gone up, I see," and by the time this story was innocently handed about the community a few times the run began. Another case in this state: An old lady fell on the sidewalk in front of a bank. A crowd gathered to help her and some observer at a distance remarked in a loud voice, "There seems to be some trouble at the bank." This was enough. Every good citizen will walk on thin ice when he refers to the subject of banks. ORLANDO BURNETT.


Article from Grant County Herald, November 21, 1903

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Article Text

difficult to explain as why the tower of Pisa leans, or who built the Pyramids. He went around the state while selling cuttlery, for some weeks, boring his friends on the train with the story of the almost supernatural sagacity of cats. Finally, one of the boys gave Hugh a little light. And now, in his most enthusiastic moments, he can be made shy and silent by reference to the subject. # Insurance for Traveling Men. The traveling men have two associations, largely for insurance, other objects being to secure the rights of the craft (as abolition of license tax on travelers), railroad and hotel concessions, and so on. For about eleven dollars a year, a traveling man can secure, in one of these companies, an accident policy which will grant him from $5,000 to $6,000, in case of death by accident; $25 weekly indemnity, to run a year in case of accident; $1,000 for hand, one foot, one arm, one eye, etc. Standards of traveling men have been greatly raised of late years. There is system and dignity in the business, which are a long ways removed from twenty-five years ago. Hypatia Boyd, as she was known in the University of Wisconsin, now Mrs. Reed, is very happy, notwithstanding she and her husband are mutes. She writes a long letter to the paper printed by the pupils of the mute school at Delavan. Its beginning is touching when one remembers how a bright heart will cheer affliction. The letter follows: "Dear Times: One of the poems written by Robert Burns is entitled, 'Wooed and Married and a',' and somehow or other I am reminded of it tonight as I try to think how I can best fulfill my promise to the editor, 'to write the Times an account of the wedding.' I hardly know where or how to begin this sketch, although I have actually been 'wooed and married and a',' but life these glorious Indian summer days, is to me, like a sweet, enchanted dream, so much so, that I feel as if I could better express my thoughts in music, or in poetry. Indeed, the happiness that comes from wedded love is so indescribably exquisite and tender, that really I feel like advising every eligible person to do as I have done, namely, to marry for love." The two met five years ago in Delavan. Mr. Reed is a nephew of Alexander Mitchell and the romance opened with a life of the great railroad man which Miss Boyd wrote in a prize competition for the Milwaukee Sentinel. # Observations in LaCrosse. I was in LaCrosse last week. It is a metropolis in appearance-with the exception of Milwaukee, no city so much so in the state. This is largely due to street after street of beautiful homes, elaborate and even palatial homes, each with a generous setting of ground. LaCrosse is a city of about the same population as Superior, Racine and Oshkosh, but it is the wealthiest of them all, as regards individual citizens. Moreover, the land site is not cramped. There is no residence frontage in the city, I was told, rated at more than $50 a front foot. In Madison some is offered at $200. A most excellent lot of sixty feet can be bought in most parts of LaCrosse for $2,000. The prairie stretches an unlimited distance, the city is well veined with the street car lines and everybody may have a lawn and a garden. LaCrosse will soon have completed a $200,000 hotel, all but $20,000 being laid out in construction and equipment. It is a public project, largely by popular subscription, and the citizens are genuinely interested in it. It will be the talk of the state when opened. Its construction is massive and simple, in the heart of the city. There is a LaCrosse club, with 210 members, and a waiting list. The dues are $20 a year. It is run on broad lines, non-resident business men's and women's clubs holding their sessions there. The Mississippi river is the romantic object of interest to strangers. To LaCrosse it is chiefly interesting now by reason of the island of some 225 acres opposite the city, which Mr. Pettibone, a wealthy citizen, is making beautiful for the use of the people. LaCrosse has had its period of depression, following the conclusion of lumbering operations, and is now developing as an important manufacturing and jobbing point. A recent list shows more individuals and estates with large holding than any other Wisconsin city, proportionately. It is the home of many interesting people, noted figures in Wisconsin. # Talk Gently of the Banks. A run on the Amsterdam Savings bank of Amsterdam, N. Y., was caused by a Polish laborer, who, finding the bank closed on election day, took it for granted that it had failed. About $25,000 was withdrawn. The bank has a large surplus.