16932. Adirondack Trust Company (Saratoga, NY)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
October 27, 1906
Location
Saratoga, New York (43.067, -73.617)

Metadata

Model
gpt-5-mini
Short Digest
5e5320f6

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Multiple contemporaneous newspaper dispatches (Oct 27–29, 1906) report a run by Italian depositors on the Adirondack Trust Company in Saratoga. The bank remained open, paid depositors, kept doors open after hours and offered a $2,000 reward to discover the origin of the rumor. No suspension or closure is reported in these articles.

Events (1)
1. October 27, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
Rumor/alert among Italian depositors tied to Senator Edgar T. Brackett not being renominated for senator; political rumor sparked withdrawals.
Measures
Kept the bank open after usual hours; paid depositors who called for money; offered $2,000 reward to find origin of rumor.
Newspaper Excerpt
Italians started a run today on the Adirondack Trust Company...Senator Brackett directed that the institution be kept open after the usual closing hours, and immediately offered a reward of $2,000 for discovery of the origin of the rumor.
Source
newspapers

Newspaper Articles (10)
1. October 27, 1906 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, October 27, 1906

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Article Text

ITALIANS START BANK RUN. Became Alarmed Because President Was Not Renominated for Senator. Saratoga, Oct. 27.-Italians started a run today on the Adirondack Trust Company, of which State Senator Edgar T. Brackett is president. The run was continued during the day. The Italians are said to have become alarmed because Brackett was not renominated for senator.

2. October 27, 1906 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 27, 1906

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Article Text

Rnn on Trust Company. Saratoga, N. ¥., Oct. 27.-A run is in progress on Senator Bracket's Adirondack Trust Company. Hundreds of Italians and smali depositors are fighting to withdraw their deposits. Senator Brackett said this morning that the doors of the bank would be kept open until midnight to pay depositors. He believes that a rumor that the bank was involved with which started by bis political enemies the company is considered to be thoroughly sound,

3. October 27, 1906 The Evening World New York, NY
Article from The Evening World, October 27, 1906

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Article Text

BRACKETT'S BANK MEETS ITALIAN RUN. SARATOGA, N. Y., Oct 27.-Italians started a run to-day on the Adiron dack Trust Company, of which State Senator Edgar T. Brackett is Prealdent. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hours. and immediately offered a reward of $2,000 for discovery or the origin of the rumor th kt started the run. The Italians are said to have become alarmed because Senator Brack ett was not renominated for Senator.

4. October 27, 1906 The News-Democrat Providence, RI
Article from The News-Democrat, October 27, 1906

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Article Text

ITALIANS START RUN ON ADIRONDACK TRUST CO. Saratoga, N. Y., Oct. Italians started a run today on the Adirondack Trust company, of which State Senator Edgar T. Brackett is president. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hours, and immediately offered a reward of $2000 for the discovery of the origin of the rumor. The Italians are said to have become alarmed because Senator Brackett was not renominated for senator.

5. October 28, 1906 New-York Tribune New York, NY
Article from New-York Tribune, October 28, 1906

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Article Text

RUN ON BRACKETT'S BANK. Italians Said To Be Alarmed Because He Was Not Renominated. Saratoga, N. Y., Oct. 27.-Italians started a run to-day on the Adirondack Trust Company, of which State Senator Edgar T. Brackett 18 president. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hours, and immediately offered a reward of $2,000 for discovery of the origin of the excitement, The Italians are said to have become alarmed because Senator Brackett was not renominated for Senator.

6. October 28, 1906 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, October 28, 1906

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Article Text

ITALIANS START RUN ON BANK-Saratoga, N. Y., Oct. 27.-Italians started a run today on the Adirondack Trust Company, of which State Senator Brackett is president. They are said to have become alarmed because Brackett was not renominated for Senator.

7. October 28, 1906 Evening Star Washington, DC
Article from Evening Star, October 28, 1906

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Article Text

Run on Brackett's Bank. SARATOGA. N. Y., October 27.-Italians started a run today on the Adirondack Trust Company, of which Senator Edgar T. Brackett is president. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hour. and immediately offered a reward of $2,000 for the discovery of the origin of the run. The Italians are said to have become alarmed because Senator Brackett was not renominated for senator.

8. October 28, 1906 Daily Press Newport News, VA
Article from Daily Press, October 28, 1906

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Article Text

ITALIANS START A RUN. Bank Pays All Depositors That Call for Money. (By Associated Press.) S.ARATOGA. N. Y., Oct. 27.-Itallans. started a run today on the Adirondack Trust Company, of which Senator Edgar T. Brackett. is president. The r un continued during the day. Senator Brackett, declared that the institution be kept open ater the usual closing hours, and immediately offered a reward of $2,000 for discovery of the origin of the run.

9. October 28, 1906 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, October 28, 1906

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Article Text

Start Run on Bank By Associated Press. SARATOGA, N. Y., Oct. 27.-Italians started a run today on the Adirondack Trust company, of which State Senator Brackett is president. They are said to have become alarmed because Brackett was not renominated for senator.

10. October 29, 1906 The Bemidji Daily Pioneer Bemidji, MN
Article from The Bemidji Daily Pioneer, October 29, 1906

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Article Text

CAUSES RUN ON BANK, President of Institution Not Renom inated for Senator. Saratoga, N. Y., Oct. 29.-Italians have started a run on the Adirondack Trust company, of which State Sen ator Edgar T. Brackett is president The run continued during the day Senator Brackett directed that the in stitution be kept open after the usual closing hours and immediately offered a reward of $2,000 for the discovery of the origin of the run. The Italians are said to have become alarmed because Senator Brackett was not renominated for senator.