14987. Union Savings Bank & Trust Company (Cincinnati, OH)

Bank Information

Episode Type
Run Only
Bank Type
trust
Start Date
March 25, 1905
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
bea1acac956598bb

Response Measures

None

Description

Multiple contemporary articles (March 25–27, 1905) report a run on the Union Savings Bank & Trust Co. in Cincinnati triggered by malicious rumors conveyed by postal cards and telephone. The bank met all demands, refused offered assistance, and there is no mention of suspension or closure — therefore classified as run_only.

Events (1)
1. March 25, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Malicious rumors/conspiracy: postal cards (and telephone messages) sent to depositors advising withdrawal; bank officials call it deliberate misinformation.
Random Run
Yes
Random Run Snippet
Postal cards sent advising withdrawal; malicious rumors/conspiracy
Measures
All demands promptly met; police maintained order; offers of outside cash assistance were declined.
Newspaper Excerpt
It is charged that postal cards were sent to depositors of the bank advising them to withdraw their money.
Source
newspapers

Newspaper Articles (10)
1. March 25, 1905 Santa Fe New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe New Mexican, March 25, 1905

Click image to open full size in new tab

Article Text

RUN ON BANK RESULT OF CONSPIRACY. Cincinnati, March 25.-The result of a conspiracy is declared by the officials of the Union Savings Bank and Trust Company of this city to be the explanation for the run on the Savings department of that institution, which, after continuing quietly for two weeks, was today the means of crowding the bank with several hundred excited depositors who failed to reach the paying teller's window. One woman was knocked down and trampled upon but it is not believed that her injuries are serious. The bank has $2,500,000 in cash on hand and nearly $8,700,000 in securities that can immediately be converted into cash, besides other assets to care for its $18,700,000 deposits. It is charged that postal cards were sent to depositors of the bank ad. vising them to withdraw their money. Bank officials say they have several of these cards and will endeavor to dis. cover another of them and begin criminal action. As an indication of the view of local financiers, an offer of $600 for stock in the bank was made on 'change today, but no stock could be had at that price, although it is a high record.

2. March 25, 1905 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, March 25, 1905

Click image to open full size in new tab

Article Text

Conspiracy Against Bank. Cincinnati, March 25.-The result of a conspiracy is declared by officials of the Union Savings Bank and Trust Co., to be the explanation for a run on the savings department of that the institution today, in which women were knocked down and seriously trampled on in the rush of depositors to secure their money. The bank has two and a half million in cash on hand, nearly eight million securities, besides other assets to care for its eighteen million dollars deposits. It is charged that postal cards had been sent to depositons of the bank, advertising withdrawal of the deposits.

3. March 25, 1905 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, March 25, 1905

Click image to open full size in new tab

Article Text

RUN ON CINCINNATI BANK. Union Savings Bank Meets All Demands Promptly. CINCINNATI, March 25.-The run which started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in this city, continued today. The bank was crowded and police were required to maintain order. All demands were promptly met. The bank has received many offers of assistance. The officers of the bank assert the run was started by malicious rumors, deliberately started by means of postal cards. They will request the postal authorities to investigate.

4. March 25, 1905 The Spokane Press Spokane, WA
Article from The Spokane Press, March 25, 1905

Click image to open full size in new tab

Article Text

START A RUN ON CINCINNATI SAVINGS BANK (Scripps News Association.) CINCINNATI, O., March 25.-The run which started yesterday on the Union Savings Bank & Trust company, one of the strongest financial concerns in this city, continued today. The bank was crowded. The police maintained order. All demands were promptly met. The bank received many offers of assistance. Officers of the bank assert the run was started by malicious rumors, deliberately started by means of postal cards. They will request the postal authorities to investigate.

5. March 25, 1905 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, March 25, 1905

Click image to open full size in new tab

Article Text

Run on Bank. Cincinnati, O., March 25.-A run which was started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in the city, continued today. A squad of police is on hand to preserve order. The majority of those withdrawing are small depositors, many of them women. Offers of money in large sums are coming to the officers of the company from large banks all over the country, but none of these has been accepted. The officers have made a statement saying: "We know who started the run on the Union Savings Bank by malicious. rumors, deliberately disseminated,"

6. March 25, 1905 The Seattle Star Seattle, WA
Article from The Seattle Star, March 25, 1905

Click image to open full size in new tab

Article Text

RUN CONTINUES (By Scripps News Ass'n.) CINCINNATI, March 25.-The run which started yesterday on the Union Savings Bank & Trust company, one of the strongest financial concerns in this city, continued today. The bank is crowded with police to maintain order. All demands are promptly met. The officers of the bank assert that the run was started by malicious rumors deliberately started by means of postal cards. They will request the postal authorities to investigate.

7. March 25, 1905 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 25, 1905

Click image to open full size in new tab

Article Text

CHARGE CONSPIRACY. Bank Officials Explain a Run on Savings Institution. Cincinnati, March 25.-The result of a conspiracy is declared by officials of the Union Savings Bank and Trust company of this city to be the explanation for a run on the savings department of that institution which, after having continued quietly for about two weeks, was today the means of crowding the bank with several hundred excited depositors who failed to reach the paying teller's window. One woman was knocked down and trampled on in the rush, but it is not believed that her injuries will prove dangerous. The bank has $2,500,000 in cash on hand and nearly $8,700,000 in securities that can immediately be converted into cash, besides other assets to care for its $18,700,000 deposits, and the officers express the utmost confidence in the outcome. It is charged that postal cards have been sent to depositors of the bank advising the withdrawal of deposits and that the telephone had been used as a means of giving the same advice. The bank officials say that they have secured some of these postal cards and will endeavor to discover the author of them, and when found bring criminal action. Offers of over $2,000,000 in cash have been made by Chicago and New York banks and other local institutions have promised assistance, but all these proffers have been declined with thanks. As an indication of the view of local financiers, an offer of $600 for the stock of the Union Savings and Trust company was made on 'change today, but no stock could be had for that price, although it was the high record of the stock.

8. March 26, 1905 The Washington Times Washington, DC
Article from The Washington Times, March 26, 1905

Click image to open full size in new tab

Article Text

RUN ON BANK STARTS BY MALICIOUS RUMORS All Demands Promptly Met by Cincinnati Intsitution-It May Weather the Storm. CINCINNATI, March 25.-A run which started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in the city, continued today. Many people are crowding the bank, withdrawing their deposits, and their demands are promptly met. A squad of police is on hand to preserve order. The majority of those who are withdrawing are some small depositors-many are women. Offers of money in large quantities are coming to the officers of the company from large banks all over the country, but none of these have been accepted. The officers have made this statement: "We know who started the run on the Union Savings Bank by malicious rumors, deliberately disseminated. When the run is over and we have time to think we will further investigate, We know that letters and postal cards were sent out, advising people to withdraw their deposits. We will ask the United States authorities to take action under the postal laws."

9. March 26, 1905 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, March 26, 1905

Click image to open full size in new tab

Article Text

EXCITED DEPOSITORS CLAMORING FOR MONEY Run on Cincinnati Savings Bank Is Claimed to Be Outcome of a Conspiracy By Associated Press. CINCINNATI, O., March 25.-The result of a conspiracy is declared by officials of the Union Savings Bank and Trust company of this city to be the explanation for a run on the savings department of that institution which, after having continued quietly for about two weeks, was today the means of crowding the bank with several hundred excited depositors, who failed to reach the paying teller's window. One woman was knocked down and trampled upon in the rush, but it is not believed that her injuries will prove dangerous. The bank has $2,500,000 cash on hand and nearly $8,700,000 in securities that can immediately be converted into cash, besides other assets to care for its $18,700,000 deposits, and the officers express the utmost, confidence in the outcome. It is charged that postal cards are being sent to depositors of the bank advising the withdrawal of deposits, and that the telephone has been used as a means of giving the same advice. As an indication of the view of local financiers an offer of $600,000 for the stock of the Union Savings Bank and Trust company was made on 'change today, but no stock could be had for that price, although it was the high record of the stock.

10. March 28, 1905 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, March 28, 1905

Click image to open full size in new tab

Article Text

CONSPIRACY is ALLEGED, I Run in Progress on Union Savings Bank of Cincinnati. Cincinnati, March 27.-A run now in progress on the Union Savings Bank and Trust company of this city is declared by officials of the institution to be the result of a conspiracy. After having continued quietly for about two weeks the run during the day was the means of crowding the bank with several hundred excited depositors who failed to reach the paying teller's window. One woman was knocked down and trampled on in the rush, but it is not believed that her injuries will prove dangerous. It is charged that postal cards have been sent to depositors of the bank advising the withdrawal of deposits and that the telephone had been used as a means of giving the same advice. The bank officials say that they have secured some of these postal cards and will endeavor to discover the author of them and, when found, bring criminal actions. Offers of over $2,000,000 in cash have been made by Chicago and New York banks and other local institutions have promised assistance, but all these proffers have been declined with thanks. The bank has $2,500,000 in cash on hand and nearly $8,700,000 in securities that can immediately be converted into cash, besides other assets to care for its $18,700,000 deposits, and the officers express the utmost confidence in the outcome.