14905. Savings Bank (Chillicothe, OH)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
November 19, 1906
Location
Chillicothe, Ohio (39.333, -82.982)

Metadata

Model
gpt-5-mini
Short Digest
55e1bc3e139d36d9

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Nov 19โ€“20, 1906) describe a run on the Chillicothe Savings Bank triggered by a 'careless remark' / a depositor mistaking a semi-annual statement for an announcement of suspension. The bank paid all demands and remained open.

Events (1)

1. November 19, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
A careless remark and a depositor's misreading of the bank's semi-annual statement as an announcement of suspension sparked withdrawals.
Random Run
Yes
Random Run Snippet
Mistook semi-annual statement for announcement of suspension; false
Measures
Bank paid all demands; clerks paid withdrawals as fast as they could; bank remained open.
Newspaper Excerpt
A careless remark made by some citizen unknown to the police started a run on the Savings bank of this city today. ... There is absolutely no cause for the run, as the Savings bank company is one of the strongest state banks in the state. All demands today were met.
Source
newspapers

Newspaper Articles (10)

Article from Los Angeles Herald, November 20, 1906

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Article Text

CARELESS REMARK CAUSES RUN ON BANK By Associated Press. CHILLICOTHE, Ohio, Nov. 19.-A careless remark made by some citizen unknown to the police started a run on the Savings bank of this city today. It began at noon and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless. Bank officials state there is absolutely no cause for the run, as the Savings bank company is one of the strongest state banks in the state. All demands today were met.


Article from Rock Island Argus, November 20, 1906

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Article Text

QUEER MISTAKE STARTS RUN ON AN OHIO BANK "Balance on Hand at Close of Business" Arouses Apprehension of Ignorant Depositor. Chillicothe, Ohio, Nov. 20.-A careless remark by some one unknown started a run on the Chillicothe Savings bank yesterday. It began at noon, and continued until late in the evening. Women, children, and men quit their employment and ran to the bank breathless. One depositor said he saw a statement of the closing of the bank in one of the evening newspapers. It was discovered that he mistook the bank's semi-annual statement for announcement of its suspension. Ba!ance on hand at close of business, Nov. 10. he considered meant that the bank was to quit business, There is absolutely no cause for the rush of the depositors, as the company is one of I the strongest state banks in Ohio.


Article from The Cairo Bulletin, November 20, 1906

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Article Text

RUN ON THE BANK Caused By Careless Remark By Un. known Persons-Depositors Are Quickly Paid. Chill'cothe Ohio Nov. 19.-A careless remark made by some unknow.1 person started a run on a savings bank in this city today. It began at noon and continued all afternoon until late this evening. There was absolutely no cause for the rush of depositors as the savings bank company is one of the strongest state banks in Ohio. It Is reported the withdrawals will reach tes to fifteen thousand dallars and that all who call for their money tomorrow will be paid.


Article from The San Francisco Call, November 20, 1906

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Article Text

REMARK STARTS BANK RUN CHILLICOTHE, Ohio. Nov. 19.-A careless remark made by some citizen unknown to the police started a run on the savings bank of this city today. It began at noon and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless. Bank officials state that there is absolutely no cause for the run, as the savings bank is one of the strongest in Ohio. All demands today were paid.


Article from The Bennington Evening Banner, November 20, 1906

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Article Text

Run on Chillieothe Bank. CHILLICOTHE, O., Nov. 20.-A run has started on the savings bank here. A great many Baltimore and Ohio Southwestern shop employees quit work and hurried to draw out their savings. The bank is paying as fast as the clerks can work. The officials say the bank is sound and have $250,000 in the vaults. It is controlled by men of great wealth.


Article from The Salt Lake Herald, November 20, 1906

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Article Text

RUN ON OHIO BANK. Chillicothe, O., Nov. 19.-A careless remark made by some citizen unknown to the police, started a run on the Savings bank of this city today. It began at noon, and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless. Bank officials state there is absolutely no cause for the run, as the Savings bank company is one of the strongest state banks in Ohio. All demands today were paid.


Article from The Salt Lake Tribune, November 20, 1906

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Article Text

FOOLISH RUN ON BANK Careless Remark of Unknown Man Causes Panic of Depositors. CHILLICOTHE, Ohio, Nov. 19.-A careless remark made by some citizen unknown to the police started a run on the savings bank of this city today. It began at noon and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless Bank officials state there is absolutely no cause for the run, as the savings bank company is one of the strongest State banks in Ohio. All demands today were paid.


Article from The Richmond Palladium, November 21, 1906

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Article Text

Bank Profits by a Run. Chillicothe, O., Nov. 20.-The run on the Savings bank is over. About $65,000 was taken out, mostly by women, children and laborers. The bank will make money by the run, because all who drew out lose the January interest.


Article from River Falls Journal, November 29, 1906

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Article Text

WEEK'S NEWS I CONDENSED FORM RECORD OF MOST INTERESTING EVENTS TOLD IN BRIEFEST MANNER POSSIBLE. HOME AND FOREIGN ITEMS Information Gathered from All Quarters of the Civilized World and Prepared for the Perusal of the Busy Man. The scandal involving an English countess and an Anglo-American millionaire is said to have been hushed by the use of money. The earl and his wife, well supplied with funds, left London together, and no legal steps will be taken by the husband. Commander Peary reached Sydney and said he may make another polar trip, for which he has designed a ship in the style of a monitor. Resolutions offered by W. J. Bryan declaring against private monopolies and favoring arbitrataion between nations of international disputes were by the conafter the on adopted gress committee Transmississippi them out. resolutions failed to report Wages of 60.000 employes of the United States Steel corporation, Fall River mills, New York Central and other companies were advanced from five to ten per cent. Mayor Schmitz, of San Francisco, arrived in New York from Europe and denied all charges against him, declarmg that they were the work of political enemies. Enrico Caruso, the Italian singer, was found guilty in New York of inmulting women and sentenced to pay a fine of $10. Gov.-elect Hughes in an address at a Republican meeting in New York served notice on the party machine that his administration is to be independent and have for its aim only the public good. Mrs. James H. Delaney, of Chicago, killed her husband, president of the American Shipping company, and then committed suicide. Street car strikers at Hamilton, Ont., became violent and troops were summoney from Toronto to restore order. Joseph F. Smith, president of the Mormon church, pleaded guilty to a charge of unlawful cohabitation and was fined $300. Premier Laurier announced in the house at Ottawa, Ont., that Charles Hyman had announced his resignation as a commissioner of public work on account of poor health. Ouster suits were brought in the Kansas supreme court against the mayors of Wichita and Leavenworth, because of the non-enforcement of the prohibition law. Thomas Forsyth Hunt, professor of astronomy at Cornell, has accepted the position of dean of the Pennsylvania a college of agriculture. Prof. Hunt is graduate of the University of Illinois. As the result of friction over publishers' privileges in the United States and Canada, the dominion has notified the Washington government that the postal agreement between the two countries will be abrogated May 7. next. Edward L. Cronkrite, former mayor of Freeport, Ill., and for six terms a member of the Illinois leglislature, being Democratic caucus nominee for speaker at the time of the historic fight between Logan and Morrison for the United States senatorship, died suddenly. A new counterfeit five-dollar silver certificate announced from Washing ton, D. C., as circulating in Chicago was discovered by a clerk in the subtreasury. Ernest D. Keeler, of New York, demonstrator and professional driver of racing automobiles, was killed and Henry Lutton, of Colwyn, Pa., was dangerously hurt in a collision while trying out racing cars. Prairie fires in western Texas and eastern New Mexico have swept over a million acres of grazing and homestead land. Alarming earthquake shocks in German New Guinea, the Bismarck archipelago, followed by tidal waves, causing much loss of life among the natives, are reported by the steamer Miowera from the South Sea. Capt. Andrew Crockett, of the Chesapeake Bay oyster schooner dredge James A. Whiting, indicted under the new federal "shanghaiing" law, was found guilty and sentenced to pay a fine of $500 by December 1 or serve six months in jail. In a fight over a pool game James McLean, a Cincinnati contractor, was shot and instantly killed by George Scherd. Secretary Taft ordered that discharges of colored troops be suspended pending further ,advices from President Roosevelt. The anarchist, Saverio Lagana, who stabbed and killed Prof. Giovanni Rossi, of the University of Naples, was arrested. Careless remarks of a citizen caused a foolish run on the savings bank of Chillicothe, O. The German Insurance company, which reinsured in the Royal of Liverpool, was placed in the hands of a receiver, the Chicago Trust & Title company being named. A Swiss governess threw an immigrant's baby into the sea from the deck of an ocean liner. Charles Thomas, serving a life imprisonment term for the murder of Mabel Scofield seven years ago, was denied a new trial by the Iowa supreme court. Episcopal court of review affirmed the verdict Dr. from Crapsey heresy ministerial suspending Kansas functions. Secretary Root, in City speech, said the United States was


Article from The Bon Homme County Independent, November 29, 1906

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Article Text

Chilicothe, O-A run was started or the savings bank. due to a careless remark dropped by some unknown person on the street. All demands were paid.