16559. Sixpenny Savings Bank (New York, NY)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
October 1, 1857*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
ce877ad1

Response Measures

Accommodated withdrawals

Description

Multiple contemporary newspapers reprint an anecdote from the New York bank panic describing depositors (newsboys, crowds) withdrawing small deposits at the Sixpenny Savings Bank. There is clear evidence of a run (withdrawals for specie) during the 1857 New York banking panic; no article mentions a suspension, receivership, or permanent closure for this bank, so classification is run_only. I inferred the year from the publication dates (1857) and used an approximate month (October 1857) for the event date.

Events (1)

1. October 1, 1857* Run
Cause
Macro News
Cause Details
Part of the wider 1857 New York bank panic and runs for specie; crowding and withdrawals at savings banks for specie.
Measures
Teller reassured depositors verbally that money was safe and ready; no formal remedial measures reported.
Newspaper Excerpt
At the Sixpenny Savings Bank a little newsboy... demanded to know whether 'she was all right'... He'd got 42 cents salted down there, and all he wanted was his (the teller's) word of honor that it wouldn't spile.
Source
newspapers

Newspaper Articles (6)

Article from The Evansville Daily Journal, October 21, 1857

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Article Text

©bansbille Daily Journal. THE BANK PANIC IN N. YORK.-Many amusing incidents occured in the excitement'that attended the run on the banks in N. York for specie. The Tribune gives the following occurence at the Six penny Savings Bank, where the smallest sums-even for a few cents-are received on deposit for the poor: A little newsboy, without a jacket, and only one suspender, (and that a string,) confronted the teller on Monday, and de manded to know whether "She was all right"-meaning the institution-because if she was, he didn't mean to be scared, if everybody else was. He'd got 42 cents salted down there, and all he wanted was his (the teller's) word of honor that it wouldn't spile. The teller assured him that his money was ready for him at any moment. "Nuff said, 'tween gen'l'men, but I don't want it," rejoined the youth, and with a self complacent. well satisfied air, walked out of the Bank. 'Is she good?" cried two or three other newsboys whowere awaiting the result, at the door steps. "Yes, sirree!" he replied, "As ood as wheat, Ketch our Bank to stop! Yoos ought to seed the "gold I seed in der safe!" "How much was there?" inquired a companion. "Mord'n a house full!" was his prompt response. "An' yoos dont ketch dis' ere "chile a-makin' an old woman of his-self, and "drawin' out his mony; I ain't so green-I ain't!" The Spiritual Mediums and Fortune-Tellers are doing quite a large business now in informing ignorant and credulous inquirers as to where their friends have secreted the money which they have reclaimed from the Savings Bank.


Article from The Tiffin Tribune, November 6, 1857

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Article Text

TRIANGULAR QUARTER. car Among many incidents of the New York bank panio, last week, the following characteristic one is related by the Times: At the Sixpenny Savings Bank a little ne waboy, without a jacket, and only one suspenper (and that a string.) confronted the teller on Monday. and demanded to know whether 'she was all right' - mean ing the institution-because, if she was, the didn't mean to be scared, if everybody else was. He'd got forty-two cents salted down there, and all he wanted was his (the teller's) word of honor that it wouldn't spile. The teller of the bank assured him that his money was ready as any moment. "Nuff said, 'tween gen'l'men, but I don't wan't it,' rejoined the youth, and with a self complacant, well satisfied air, walked out of the bank. Is she good?' cried two or three other newsboys who were awaiting the result at the doorsteps. Yes, siree! he replied. 'as good as the wheat. Ketch our bank to I stop! Yoos ought to seed the the gold I seed in the safe!' *How much was they! inquired a companion. More'n a house full!' was the prompt response. 'An' yoos don, t ketch dis are chile a-makin an old woman of his-self, and drawin' out his money; I ain't so green- I ain't!


Article from Weekly Council Bluffs Bugle, December 2, 1857

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Article Text

Among many incidents of the New York Bank panic, last week, the following characteristic one is related by the Times: At the Sixpenny Savings Bank a little newsboy, without & jacket, and only one suspender (and that a string,) confronted the teller on Monday, and demanded to know whether "she was all right"meaning the institution-because, if she was, he didn't mean to be seared, if everybody else was. He'd got forty-two cents salted down there, and be wanted his (the teller's) word of honor that it wouldn't spile. The teller of the bank assured him that his money was ready at any moment. 'Nuff said, 'tween gentlemen, but I don't want it,' rejoined the youth, and with a self complacent well satisfied siz, walked out of the bank"In she good yes cried two or three other newsboys who were awaiting the result at the door-step. "Ym, siree!" he noplied, "as good M wheat. Ketch our bank to stop! Yoos ought to seed the gold, I seed in the sufet" "How much was they?? inquired & companion. Mor'n a house full P was the prompt response. "An" your don't ketch dis ere chiles. makin' - old women of myself, and drawto - isis money I ain't BO green-1 airlt


Article from Cooper's Clarksburg Register, December 4, 1857

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Article Text

dozen or two youngerand fresher Biddys, Maggies, Mary's and Kathleens, who had been waiting an hour or !more. (a At the à door she-had wordy-quarrel with broad-sholdered black manin advance of her, calling him magiu;" and she even went so far as to'slrake her fist in the face of a policeman (who,day an official conservator of the peace, told her to hold her tongue.) and asked him if he fond of such game asiss Dead Rabbits." red and sweaty, she stood before the paying teller and presented her book, with avvecal invocation to him to do the clean thing. What's this mean?" said he, looking at lier somewhat impatiently. What's your name ?"Can't yoos. rade writin' hand ??' she rejoined sharply; issure, me nam's on the book!" But this,! said he, "is only a grocer's old pass-book! What's your name, say Mary McRagan I was christened, but I married Pat Millikens." The teller turned rapidly to his index of depositors. You have got no money in this Bank! "said he, when he had ascertained the fact. There was a general laugh at the woman's expense, and she was loudly jeered by the crowd, who had got wind of the result outside, as she left the premises in company with the policeman. She confessed to the officer that she found the pass-book near the crowd, and thinking it had been dropped accidentally by a depositor, and she thought to obtain the money before the depositor applied for it. At the same Bank, one man who drew out his deposits was so intoxicated that he could hardly stand. Quite likely he lost the savings of years before the night was over. At another Savings Bank, one poor girl had her pocket picked of her little allabout $77, before she had gone out of the crowd. A vast deal of chaffing occured among those who thronged the doorways of these Banks-"I don't know," said one of the bystander, Where to put my money when I get it? Give it to me," rejoined the other, with a grin. Sew it up in your shirt," said another; and several other methods were promptly named by the spectators; a loud laugh following each suggession. Stick it in your wig!" Let the old woman have it!' "Put it in your boots, and let me wear them!" Let Mayor Wood take care of it 'for yer!" &0. At the Sixpenny Savings Bank, a little newsboy, without a jacket, and only one suspender. (and that a string, )confronted the teller on Monday, and demanded to know whether She wus all right" mean Yog the Institutionbecause if she was, lie didn't mean to be second, if everybo dy else was. He'd got 42 cents salfed down there, and all he wanted was his the teller's) word of honor that it wo'dn't spile. The teller assured him that his money was ready for him at any moment. Nuff said, 'tween gen'l'men but I don't want it,' rejoined the youth, and with a self complacent well satisfied air, walked out of the Bank. "Is she good?" cried two or three other newsboys who were awaiting the result, at the doorsteps. Yes, sirree!' he replied, "As good as wheat.- Ketch our Bank to stop! yons ought to seed the gold I seed in der safe." How much was they?" inquired a comMore'n a house-full was his pasion. prompt response. 'An' yoos don,t ketch dis 'ere chile a makin' an old woman of his-self, and drawin' out his money; 1 ain't 60 green- lain't!''


Article from Muscatine Weekly Journal, December 5, 1857

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Article Text

CONFIDENCE.-The following incident is related of the late run upon the Savings Banks of New York city: "At a Sixpenny Savings Bank, a little newsboy, without a jacket, and only one suspender (and that a string) confronted the teller on Monday, and demanded to know if "she was all right"-meaning the Institution-because if she was he didn't mean to be scared, if every body else was. He had got 42 cents salted down there, and all he wanted was his (the teller's) word of honor that it wouldn't spile. The teller assured him that his money was ready for him at any moment. "Nuffsaid, 'tween gen'l'men, but I don't want it," rejoined the youth, and with a self-complacent, we! sati-fied air, walked out of the bank. "Is she good ?" cried two. or three more newsboys who were waiting the result, at the doorsteps."Yes-sir-ree !" he replied "as good as wheat -ketch our bank to stop! Yoos ought to see the gold I seed in der safe." 'How much was they ?" inquired a companion."Mor'n a house full !" was his prompt response, 'an yoos don't ketch dis ere child a makin an ole woman of hisself, an drawin out his money. I ain't so green, I ain't 1.'


Article from Nebraska Advertiser, January 21, 1858

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Among many incidents of the New York Banks panic, the following characteristic one is related by the Timss: At the Sixpenny Savings Bank a little newsboy, with a jacket, and only one suspender (and that a string,) confronted the teller on Monday, and demanded to know whether 'she was all right'-me ing the institution-because if she was, he didn't mean to be scared, if everybody else was. He'd got forty-two cents salted down there, and he wanted his (the teller's) word of honor that it wouldn't spile. The teller of the bank assured him that his money was ready at any moment. Nuff said, 'tween gentlemen, but I don't want it,' rejoined the youth, and with a self complacent well satisfied air, walked out of the bank. 'Is she good ?' cried two or three other newsboys who were awaiting the result at the door-step. Yes, siree!' he replied, 'as good as wheat;Ketch our bank to stop Yoos ought to seed the gold, I seed in the safe!' 'How much was they?' inquired a companion. Mor'n a house full !' was the prompt response. 'An' yoos don't ketch dis ere chile a makin' an old woman of myself, and drawin' out his money; I ain't so green-I ain't!'