14780. Binghamton Trust Company (Binghamton, NY)

Bank Information

Episode Type
Run Only
Bank Type
trust company
Start Date
March 8, 1897
Location
Binghamton, New York (42.099, -75.918)

Metadata

Model
gpt-5-mini
Short Digest
9cadb786

Response Measures

Accommodated withdrawals

Description

Multiple contemporary newspapers (Mar 8–9, 1897) report a run on Binghamton Trust Company caused by a transfer of stock by a heavy stockholder. Bank paid out cash as demanded and officials said there was plenty of money and the run would be over soon. No suspension, receivership, or reopening reported — classified as run_only. Cause coded as bank-specific adverse information (insider stock transfer prompted withdrawals).

Events (1)

1. March 8, 1897 Run
Cause
Bank Specific Adverse Info
Cause Details
Run believed triggered by a transfer of stocks by one of the bank's heavy stockholders, prompting withdrawals.
Measures
Paid out cash to depositors as demanded; officials publicly reassured that there was plenty of money and the run would soon be over.
Newspaper Excerpt
A run began on the Binghamton Trust Company, a banking and savings institution, in this city early this morning, caused, it is believed, by a transfer of stocks Saturday by one of the heavy stockholders. Cash was paid out by the company as fast as it was demanded, and the officials say the run will be over in an hour. There is plenty of money in sight.
Source
newspapers

Newspaper Articles (4)

Article from Alexandria Gazette, March 8, 1897

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Article Text

TELEGRAPHIC BREVITIES. A bill is to be introduced in the New York legislature to provide for the proper supervision of newspapers, and for the appointment of a censor for each newsyaper. The Northwest Grammer school building in Philadelphia was gutted by an incendiary fire at 5 o'clock this morning; loss, $15,000. About 900 children attended this school. Gus Norling, aged thirty-five, a stereotyper, shot and fatally wounded his wife, Ettis, and killed himself in Kansas City, Mo., to-day. Norling was drunk and had been quarreling with the woman. Callery junction, Pa., was shaken by a boiler explosion at 1:50 o'clock this morning. One man was killed and another badly injured. Fragments of wreckage were thrown a quarter of a mile. James Powers shot his wife at Chicago early this morning, killing her instantly, and then turned the weapon upon himself and sent a bullet into his own brain. Jealousy is assigned as the cause. Ella Parker, aged 15, and Robert Parker, aged 12, sister and brother, were struck by a train at Terre Haute, Ind., yesterday, and killed. They were on a trestle watching the high water. A woman who was with them saved herself and two children. A run began on the Binghamton, N.Y. Trust Company, a banking and savings institution, this morning, caused, it is believed, by a transfer of stocks Saturday by one of the heavy stockholders. The officials say the run will be over in an hour. There is plenty of money in sight. The fine square. old mansion on Hog Island, occupied by Mrs. Edgar Black, which has for many years been a conspicuous object from Delaware river boats, was totally destroyed by fire yesterday, entailing a loss on the building and contents of $15,000. The fire originated from a defective flue. A family named Shreives, living two miles from Sistersville, W. Va., was robbed Saturday night. Eight hundred dollars was carried off by two men who tortured the two women in the house before they would tell where the money was hidden. A posse is in pursuit of the robbers. A fashionably dressed, unknown young woman, supposed to be an actress, about 28 years of age, threw herself in front of a Pennsylvania railroad freight engine in the western part of Reading, Pa., this morning and was cut to pieces. The remains were subsequently identified as those of Miss Isabella Fulton, of Decatur, III. She went there a week ago on & visit to her sister, one of the faculty of the Girls' High School. No cause is assigned for the act except that she had been suffering from hervous prostration. A non partisan anti race track convention will assemble at Elkton, Md, to-morrow, the object being to organize a campaign against the gamblers by securing the nomination for the legislature of men who are known to be opposed to winter racing.


Article from Richmond Dispatch, March 9, 1897

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Article Text

Run on a Binghamton Bank. BINGHAMTON, N. Y., March 8.-A run began on the Binghamton Trust Company, a banking and savings institution in this city, early this morning, caused it is believed, by a transfer of stock Saturday by one of the heavy stockholders. Cash was paid out by the company as fast as it was demanded, and the officials say the run will be over today. There is plenty of money in sight.


Article from Birmingham State Herald, March 9, 1897

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Article Text

A TRANSFER OF STOCK Causes a Run on the Binghamton Trust Company. Binghamton, N. Y., March 8.-A run began on the Binghamton Trust company, a banking and saving institution, in this city early this morning, caused it is believed by a transfer of stocks by one of the heavy stockholders. Cash was paid out by the Trust company as fast as it was demanded and the officials say the run will be over tomorrow. There is plenty of money in sight.


Article from The Morning News, March 9, 1897

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Article Text

RUN ON A BINGHAMTON BANK. Plenty of Money in Sight-It Will Soon Be Over. Binghamton, N. Y., March 8.-A run began on the Binghamton Trust Company, a banking and savings institution in this city, early this morning caused, it is believed, by a transfer of stocks Saturday by one of the heavy stockholders. Cash was paid out by the trust company to-day as fast as it was demanded and the officials say the run will be over to-day. There is plenty of money in sight.