Article Text
ROBBED BY THE TREASURER SEVENTY-FIVE THOUSAND DOLLARS STOLEN FROM A KINGSTON BANK. ARREST OF JAMES E. OSTRANDER, THE GUILTY \ I OFFICIAL-A RUN ON THE BANK MET WITH ALL THE MONEY NEEDED.
15175. Kingston Bank (Kingston, NY)
Bank Information
- Episode Type
- Run → Suspension → Unsure
- Bank Type
- state
- Start Date
- September 19, 1891
- Location
- Kingston, New York (41.927, -73.997)
Metadata
- Model
- gpt-5-mini
- Short Digest
c5553b5f
Response Measures
Accommodated withdrawals, Partial suspension
Description
Article 1 (1891-09-19) reports a run triggered by the treasurer stealing $75,000; the run was met with available funds. Article 2 (1891-10-06) states Kingston (and Rondout) banks have posted the '60 days notice' which indicates a suspension under the 60-day rule. There is no information on reopening or permanent closure, so I classify as run -> suspension (unsure outcome).
Events (2)
1.
September 19, 1891
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Treasurer stole $75,000 (embezzlement), which precipitated a run.
- Measures
- Run was met with all the money needed (bank met withdrawals)
- Newspaper Excerpt
- ROBBED BY THE TREASURER SEVENTY-FIVE THOUSAND DOLLARS STOLEN FROM A KINGSTON BANK. ARREST OF JAMES E. OSTRANDER, THE GUILTY ... A RUN ON THE BANK MET WITH ALL THE MONEY NEEDED.
- Source
- newspapers
2.
October 6, 1891
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Following runs (linked to the treasurer's theft and resulting loss of confidence), the bank posted the 60-days notice (suspension of payments).
- Newspaper Excerpt
- Kingston and Rondout, N. Y., banks are experiencing runs and have posted the 60 days notice
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Kingsten and Rondout, N. Y., banks are experiencing runs and have posted the "60 days notice" "Here's to the maiden of bashful filteen, And here's to the wi ow of forty!"