German Savings Bank - Brooklyn, NY

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: May 17, 1884
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: f7ed912f

Response Measures

Accommodated withdrawals

Description

Article (St. Paul Daily Globe, 1884-05-17) reports a run on the German Savings Bank in Brooklyn that was occurring that day; no suspension, closure, or reopening is mentioned. Several Brooklyn banks experienced runs or excitement, suggesting contagion among local banks.

Events (1)

1. May 17, 1884 Run

Cause: Local Banks
Cause Details: Contagion/excitement among several Brooklyn banks — runs and disturbances at other local banks mentioned in same article.
Measures: Teller paying out gold to depositors.
Newspaper Excerpt: There was a run on the German Savings bank to-day, mostly of women. The teller is paying gold.
Source: newspapers

Newspaper Articles (1)

1. May 17, 1884 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, May 17, 1884

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Article Text

STRAIGHTENING UP. The suspended firms are all busy straightening their affairs. Goff & Randle will not have a statement before next week. Dimick & Co, state that they want some time to adjust their accounts Hatch & Foote, Bogart & Co., Hotchkiss & Burnham and J. C. Williams, connot give anything definite as to the state of their affairs. Nelson, Robinson & Co. expect to resume in a short time. RUNNING SMALL BANKS. The run on the Emigrant Industrial Savings bank was abated to-day; $160,000 was paid out yesterday. There was no run today on the Manhattan Savings bank. The Greenwich bank run also ended to-day. There was a run on the German Savings bank to-day, mostly of women. The teller is paying gold. There was a run on the Seamen's Savings bank, but the depositors were paid. The excitement at the several Brooklyn banks has calmed down. There was nothing that could be called a run on any savings bank to-day. The Atlantic State bank of Brooklyn was open to-day, but no business will be transacted till the bank examiners get through.