First National Bank - New York, NY

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 29
Charter Number: 29
Start Date: December 7, 1905
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: b013ad30

Response Measures

None

Description

Single article (Dec 7, 1905) reports a run of hundreds of small withdrawals caused by a misheard rumor that a neighboring art store had failed; no suspension or closure mentioned.

Events (1)

1. December 7, 1905 Run

Cause: Rumor Or Misinformation
Cause Details: A passerby misheard that the art store opposite the bank had failed; the partial remark was taken to mean the bank had failed, sparking withdrawals.
Random Run: Yes
Random Run Snippet: Misheard report about art store failure; rumor bank had failed.
Newspaper Excerpt: A run on the First National bank was inaugurated to-day, and hundreds of small deposits were withdrawn. The run was caused a rumor that the art store opposite the bank had been seized by sheriff.... rumor spread that the bank had failed.
Source: newspapers

Newspaper Articles (1)

1. December 7, 1905 Las Vegas Daily Optic Las Vegas, NM

Article from Las Vegas Daily Optic, December 7, 1905

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Article Text

Novel Run. New York, Dec. 7.-A run on the First National bank was inaugurated to-day. and bundreds of small deposits were withdrawn. The run was caused a rumor that the art store oppoby site the bank had been siezed by sher. iff. A passerby remarked to a friend that the art store opposite the First National bank has failed. Some one heard only the last few words and rumor spread that the bank had failed.