16846. Oswego County Savings Bank (Oswego, NY)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
savings bank
Start Date
February 24, 1879
Location
Oswego, New York (43.455, -76.510)

Metadata

Model
gpt-5-mini
Short Digest
076970fe

Response Measures

Partial suspension

Description

Multiple newspapers (Feb 24–26, 1879) report a run on the Oswego County Savings Bank on Feb 24, 1879. Officers availed themselves of the sixty days' clause (a temporary restriction on withdrawals) after learning the bank had $12,000 deposited in the City Bank, which was closed. No article reports a reopening or permanent closure, so outcome is unsure.

Events (2)
1. February 24, 1879 Run
Cause
Correspondent
Cause Details
Deposits of $12,000 were held at the City Bank which was closed; that connection appears to have precipitated the run.
Measures
Availing themselves of the sixty days' clause (temporary restriction on withdrawals).
Newspaper Excerpt
A run was made on the Oswego County Savings Bank this morning, but the officers availed themselves of the sixty days' clause. The bank has $12,000 deposited in the City Bank, which is closed.
Source
newspapers
2. February 24, 1879 Suspension
Cause
Correspondent
Cause Details
Invoked 60-days clause in response to heavy withdrawals tied to the City Bank closure.
Newspaper Excerpt
the officers availed themselves of the sixty days' clause.
Source
newspapers

Newspaper Articles (6)
1. February 25, 1879 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, February 25, 1879

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Article Text

TELEGRAPHIC BREVITY. Berlin, February 23: General Von Roon died this afternoon. Alexandria, February 24: A French Ironclad has arrived here. Bangor, Me., February 24: Marcellus Emery, editor and senior proprietor of the Commercial and Democrat, oied this morning. London, February 24: The French Atlanti: cable 18 broken one hundred and sixty-one miles from St. Piene Miquleon, in five hundred fathoms of water. Allababad, February 24: Ex-President Grant arrived here and is the guest of the lieutenant-governor. The viceroy of India has invited him to visit Calcutta. Lisben, February 24: The Portuguese government has ordered the governor of Mozambique to send troops and three corvettes to Delagca bay on the South African coast. Calcutta, February 24: A slight rain in Oude and the northern provinces has improved prospects somewhat. Punjaub needs much more rain. The condition of the spring crop there is very critical. Oswego, N. Y., February 24: A run was made on the Oswego county savings bank this morning, but the officers availed themselves of the sixty days' clause. The bank has twelve thousand dollars deposited in a city bank, which is closed. London, February 24: A dispatch from Paris says that the discussion on impeachment will probably result in a resolution reciting that the country by successive votes has deservedly condemned the acts of the ministry of the 16th of May. Detroit, February 24: It rumored that the Rt. Rev. Caspar H. Barges, Catholic bishop of Detroit, about two weeks ago forwarded his resignation to the pope. No particular reason is assigned for this important step on the part of the bishop. Baltimore, February 24: In the United States circuit court Judge Bond sentenced Martin Burns, a judge of election pleading guilty to hindering the United States supervisor at the late congressional election, to twelve months imprisonment and to pay a fine. Paris, February 24: It is affirmed that certain deputies of the left wish the chamber to nominate a parliamentary commission to investigate the proceedings of the prefecture of police. It is said the cabinet council strongly opposes this encroachment on the functions of the executive. St. Louis, February 24: Rates on grain to the east having been cut rather mercilessly during the past week by poel lines from this city, a meeting of their representatives was had yesterday, and it was decided that the rate on grain to New York should be fixed and maintained at twenty-nine cents.

2. February 25, 1879 Daily Press and Dakotaian Yankton, SD
Article from Daily Press and Dakotaian, February 25, 1879

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Article Text

the Datty Duketzian. YANKTON, DAKOTA. Tuesday Evening, Feb. 25, 1879 DEFERRED TELEGRAMS. TROUBLE IN PANAMA, Panama, Feb. 24.-In an ongagement between government troops and revolutionists at Olivares Ostioquia, twenty-five men were killed, and the revolutionists worsted. Canca is invaded by eight thousand Antioquine and the neighboring states are called upon for men and arms to repel the inveders. Some hard fighting and the expenditure of a million or more of money will be necessary to restore order. The national troops in Panama will be maintained at 200 men to preserve the. integrity of transit, menate by revolutionists frequently occurring. EARTHQUAKES. Another shock of an earibquake was felt at Arequipa on the 19th ultimo; also sumdry shocks at Iquiqui. No damage. FOR SITKA. Portland, Oregon, Feb 24. The revenue cutter Wolcott left Port Townsend for Sitka on the 20th inst. CHIEF MOSES. Lieut. Wood, of Gen. Howard's staff, reports that he has delivered to Chief Moses intelligence from the interior department that he cannot have the reservation asked for last fall through General Howard. Moses expressed great disappointment at the denial of his request, but said he would try and persuade his people to do the next best thing the government would allow. but could not do much for the manner in which they would receive such very bad news. POTTER COMMITTEE. Washington, Feb. 24.-In the Potter committee the chairman read an affidavit from Chas. W. Wooley, of Cincinnati, stating that it is dangerous for him to leave his bed, denying utterly all statements before the committee of John T. Coyle; that so far as they concerned himself they are absolutely untrue. He offers to prep are a sworn statement of all his transactions in Louisiana and Florida for the use of the committee. It was decided not o receive the affidavit. The chairman also read a letter from Alex. Torn, who, according to Coyle's testimony offered to sell the Florida returning board for $100,000. He a-ke permimion to relute before the committee the charges against him. No action was taken on the letter. Wm. E. Chandler asked leave to give the committee some papers in the handwriting of General Barlow. One was a letter written by him to Jon. Bell, of Monticello, Fla., introducing H. C. Perkins, of the postoffice department as a man fit to be trusted. These letters were put in evidence to show that at the time they were wri ten General Barlow was acting in the republiCAD interest. Chandler informed the committee of his Florida eipher and that unmerous telegrams sent by him to Florida were in possession of John I. Davenport. James H. Maddox, replying to Wharton's statement maid Wharton knew Gov. Wells was for sale, and he proposed they should see Packard in regard to it. Thev talked the matter over with him and $30,000 was mentioned as the sum required. Packard and not decline to put up the money, but *aid he would take the maiter under consideration a few days. Afterward it was suggested by Wharton that Packard <hould promise an office to Wells Packard said he could not promise him office at the time, but he had done Wells many other acts of kindness and he must judge from the past what he would in the future. Maddox reported the conversation to Wells, who declined the offer. He said he might want to leave New Orleans, and did not want an office, but money. Wharton proposed that he, Maddex, should keep up negotiations with Wells to prevent his falling into any other, but witness declined. D. J. M. Jewett, who acted secretary to the repubtican campaign committee of Loutsiana in 1876, testified to false protests being made from several parishes. SENTENCE OF A BULL DOZER. Baltimore, Feb. 23-In the circ it court Judge Bond sentenced Martin Burns, judge of election, pleading guilty to hindering a United States supervisor at the late congressional election, to a year in prizon and to pay a fine. ATTENDED A FUNERAL New York, Feb. 24 Bishops Burdell. of Ohio, and Seymour, of Springfield, III., attended to-day the funeral of Dr. Haight, forty years assistant minister of Trinity parish. RUN ON ABANK. Oswego, Feb. 24.-A run was made on the Oawego County Savings bank this fore noop, but the officers availed themselves of the sixty days clause, The bank has $12,000 deposited in the City bank which is closed. THE TELLER COMMITTEE. Washinton, Feb 24 -At a meeting of the Teller committee, the ebuirman said that If it was desired to investigate the manner of conducting elections in Pennsylvania, New York. Massechusetts, Vermont and Colorado it would be Decessary for the

3. February 25, 1879 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, February 25, 1879

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Article Text

: Rgn on a Sayings Bank. OSWEGO, February H.-A run was made on the Oswego County Savings Bank this morning, but the officers availed themselves of sixtv days clause. The bank has $12,000 deposited in the City Bank, which is closed.

4. February 25, 1879 Wheeling Register Wheeling, WV
Article from Wheeling Register, February 25, 1879

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FOREIGN. The Revolution in Central America. PANAMA, February 15.-In the engagement at Olivares Autioquia between the government troops and revolutionists twenty-five men were killed. The revolutionists had rather the worst of the battle. The Cama is invaded by 8,000 Anti-Oqmans, and the neighboring States are called upon for men and arms to repel the invaders. Some hard tighting and the expenditure of a mitlion or more of money will be necessary to restore order. The National troops in Panama will be maintained at 200 men, to preserve the integrity of transit, menaced by the revolutions frequently occurring. Another shock of earthquake was felt at Arequipa on the 19th ult. and sundry shocks at Iquique. No damage. The Pope. ROME, February 24.-The Pope, in replying to an address from Cardinals, emphasized his desire to reconcile the Princes and people to the Church, his readiness to extend his hand to all who repent and cease their persécutions, and his unflinching intention always to combat in defense of the rights and independence of the church those who make war against her. Run on a Bank. OSWEGO, February 24.-A run was made on the Oswego County Savings Bank this morning, but the officers availed themselves of the sixty days' clause. The bank has $12,000 deposited in the City Bank, which is closed.

5. February 25, 1879 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, February 25, 1879

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FINANCIAL. Osweoo, N. Y., Feb. 31.-A run was made on the Oswego County Savings Bank this mornhig, Lut the officers availed themselves of the sixty-days' clause, The bank has $13,000 deposited In the City Bank, which is closed. CINCINNATI, O., Feb. 24-The Gasette's Me Connellaville, O., special says: 11. M. Cochran tobacconist, and Coctiran, Boseman & Co., 1oundryinen, assigned Saturday, Liabilities of both establishments nearly $60,000. Cochran was the leading man In both Institutions. New Your. Feb. 24.-The failure of the Peru Steel & Iron Company, No. 91 Reade street, and at Cilutouville, N. Y., is announced, and J. F. Dominick has been appointed Receiver. The Company was incorporated in April, 1865, with a capital of $200,000. The panie of 1878 and the depression of trade caused the failure. The total liabilities are given at $200,000; assets nomfually valued at $1,000,000. It Is thought they will pay all liabilities, leaving a good dividend to the stockholders.

6. February 26, 1879 New-York Tribune New York, NY
Article from New-York Tribune, February 26, 1879

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Article Text

RUN ON THE OSWEGO SAVINGS BANK. OSWEGO, N. Y., Feb. 24.-A slight run was made on the Oswego County Savings Bank this morning, but the officers availed themselves of the sixty days clause. The bank has $12,000 deposited in the City Bank, which is closed.