14958. Citizens Bank (Buffalo, NY)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
January 17, 1905
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
650c1129

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous articles (Jan 17–18, 1905) report a one-day run on the Citizens Bank in Buffalo triggered by anonymous letters urging withdrawals. The bank stayed open (announced reopening next morning) and no suspension or receivership is reported.

Events (1)

1. January 17, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Anonymous letters sent to depositors urging them to withdraw their funds; possibly compounded by large brewer withdrawals to cash pay checks.
Measures
Bank announced it would reopen at 9 a.m. the next day and that all depositors wishing to withdraw would be promptly paid; clearing house aid available but not requested.
Newspaper Excerpt
A run was started to-day on the Citizens' Bank, due, according to President Joseph Block, to the sending out of anonymous letters stating that depositors would serve their interests by withdrawing their deposits.
Source
newspapers

Newspaper Articles (10)

Article from Daily Kennebec Journal, January 18, 1905

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Article Text

Cause a Run on the Citizens' Bank at Buffalo, N. Y. Buffalo, N. Y., Jan. 17.-A run was started. today. on the Citizens' Bank. due, according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits," and possibly to the withdrawal of large sums of money by brewers. which they sent around to saloons for the purpose of cashing pay checks of railroad men. About : o'clock, about 50 persons were in the bank. some withdrawing and others depositing money. At 4.45, it was announced from the bank that the run was nearly over. Depositors were informed that the bank would reopen, at 9 o'clock tomorrow morning. and that all depositors wishing to withdraw their money would be promptly paid. It was announced that the withdrawals during the day amounted to about $100,000.


Article from The Daily Morning Journal and Courier, January 18, 1905

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Article Text

R UN ON BUFFALO BANK Due to Anonymous Letters Sent to Depositors. Buffalo, N. Y., Jan. 17.-A run was started to-day on the Citizens bank, due, according to President Joseph Block, to the sending out of anonymous letters, stating that depositors "would serve their interests by withdrawing deposits," and possibly to the withdrawal of large sums of money by brewers, which they sent around to saloons for the purpose of cashing pay checks of railroad men. At 3 o'clock about fifty persons were in the bank, some withdrawing and others depositing money. At 4:45 it was announced from the bank that the run was practically over. President McDougall of the Bank of Buffalo, and chairman of the Buffalo Clearing House association, said this afternoon: "The Citizens bank is sound and it can have aid of the clearing house if it wants it. And yet it has asked no aid." When the doors of the bank were closed about 5 o'clock between thirty and :forty depositors were still in line waiting to draw their money. They were informed that the bank would reopen at 9 o'clock to-morrow morning, and that all depositors wishing to withdraw their money would be promptly paid. It was announced that the withdrawals during the day amounted to about $100,000.


Article from Rock Island Argus, January 18, 1905

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Article Text

RUN ON A BUFFALO BANK Anonymous Writer Sends Depositors in an Army to Citizens' Institution. Buffalo, N. Y., Jan. 18.-A run on the Citizens' bank was started yesterday, due, according to President Joseph Block, to recepit by depositors of anonymous letters stating that they would serve their interests by withdrawing their deposits. At 4:45 it was announced from the bank that the run practically was over.


Article from The Saint Paul Globe, January 18, 1905

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Article Text

News Condensed New York-Corporation Counsel Delaney has filed in the supreme court an amended complaint against the Empire City Subway company. the subsidiary corporation owned by the gas trust. He demands the return of $5,000,000. which he contends is due the city, and asks the courts to order turned over to the city for its sole use all the property which would enable the city to furnish its own light at minimum cost. New York-James B. Walker, of Chicago, a graduate of Oxford college, with many aliases and a long criminal record. was sentenced to five years for grand larceny. He pleaded guilty to stealing $1,300 worth of Jewelry from the home of Mrs. Viva Brewster. Paris-The official investigation into the cause of death of Gabriel Syveton, the member of the chamber of deputies who was found dead in his apartments, has resulted in a report favorable to suicide, according to the version of Mme. Syveton, wife of the deceased. New York-Claiming to have lost his fortune of $80,000 as a result of Thomas W. Lawson's attacks on Wall street interests. Frank D. Austin twice attempted to throw himself from the Brooklyn bridge. He was prevented by the police. Trenton, N. J.-In his inaugural address C. the incoming governor, Edward Stokes, counsels the legislature to revise and modernize the corporation laws, and urges the appointment of a commission to that end. Buffalo-A harmless run was started on the Citizens' bank, due, it is said, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits.' New York-"Ike" Vail, for almost half a century known in this country and Europe as the "king of bunco men," is dead at the age of seventy. He probably "earned" over $1,000,000 in his palmy days. New Orleans, La.-The Athenaeum. the handsome club house, and the hall of the Young Men's Hebrew association and some surrounding property were burned. Loss, $100,000. Middlesboro, Ky.-A cable car loaded with seventeen miners jumped the track when half way up the mountain. Fifteen were seriously hurt, and two will probably die. Washington, D. (N. M.) Indians have arrived here to endeavor to secure congressional legislation preventing proposed territorial taxation of their properties. Topeka, Kan.-The resolutions introduced in the legislature inviting Burton to resign as United States senator were referred to the committee on state, which kills them. Paris-The Riviera has been visited by snow and unusually severe weather, causing great discomfort and damage. At San Remo flowers worth $1,200,000 were destroyed. Boston, Mass.-Senator Henry Cabot Lodge was re-elected for a full term and W. E. Murray Crane was chosen to complete the remainder of Senator Hoar's term. Astoria, Or.-The steamer Olympia has sailed from here for Moji for orders, which is interpreted to mean she is going to Vladivostok. She will carry coal. Harrisburg, Pa.-Philander C. Knox was elected senator for the short and long terms. The Democrats voted for State Senator J. K. P. Hali. Decatur, Ill.-As a result of the fire in the Decatur Coal company mine, six miners are dead and another is in hospital Tatally injured. Peking-It is reported that the dalai lama, who fied from Tibet. intends going to Kiakhta to negotiate with the Russian government. New York--Three summer hotels and six cottages of summer residents were burned at Rockaway Beach, causing a loss of $200,000. Baku, Russia-The strike in the oil fields is nearly ended. owing to concessions having been granted to the employes, Washington, D. C.-The thirty-fifth annual meeting of the National Board of Trade has begun here. Bedford, Ind.-By an explosion of dynamite two men were killed and four others severely injured. Augusta, Me.-Eugene Hale was reelected to the senate for a fifth term. Providence, R. I.-Senator Nelson W. Aldrich was renominated.


Article from Waterbury Evening Democrat, January 18, 1905

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Article Text

Run on Buffalo Bank. BUFFALO. Jan. 18.-A run was started yesterday on the Citizens' bank. lasting only for the day. due. according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of cashing pay checks of railroad men.


Article from The Bennington Evening Banner, January 18, 1905

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Article Text

Run on Buffalo Bank. BUFFALO, Jan. 18.-A run was started yesterday on the Citizens' bank, lasting only for the day, due, accordIng to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their Interests by withdrawing their deposIts" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of cashing pay checks of railroad men.


Article from Perth Amboy Evening News, January 18, 1905

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Article Text

Run on Buffalo Bank. BUFFALO. Jan. 18.-A run was started yesterday on the Citizens' bank. lasting only for the day. due, according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of eashing pay checks of railroad men.


Article from The Columbian, January 19, 1905

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Article Text

Run on Buffalo Bank. BUFFALO, Jan. 18.-A run was started yesterday on the Citizens' bank, lasting only for the day, due, according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of cashing pay checks of railroad men.


Article from The Citizen, January 19, 1905

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Article Text

Run on a Buffalo Bank. Buffalo, N. Y., Jan. 18.-A run was started on the Citizens' bank due, according to President Jos. Block, to the sending out of ananymous letters stating that "depositors would serve their interests by withdrawing their deposits."


Article from Wausau Pilot, January 24, 1905

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Article Text

Letters Start Run on Bank. A run was started in the Citizens' Bank in Buffalo, due, according to President Joseph Block, to the sending out of anonymous letters asserting "depositors would serve their interests by withdrawing their deposits." Late in the day it was announced the run was virtually over.