7bc315034ffbe902Accommodated withdrawals, Public signal of financial health, Capital injected
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GROUNDLESS RUMOR CAUSES SENSELESS RUN. York, Pa., Dec. 7.-A run on the First National bank was inaugurated today and hundreds of small depositors withdrew. The run was caused by a rumor. An art store opposite the bank had been seized by the sherLff. A passerby remarked to a friend: "That art store opposite the First National bank has failed." Some one heard only the last five words and the rumor spread that the bank had failed.
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MISCONSTRUED REMARK STARTED RUN ON BANK York, Pa., Dec. 7.-An art store across the street from the First National bank was seized by the sheriff yesterday. A passerby remarked to a friend "the art store across from the First National bank has failed." Some one within hearing heard the last part of the sentence and told his friends the This First National bank had failed. started a run on the bank. The bank met all demands and is perfectly solvent.
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BANK RUN STARTED. / Little False Report Creates Quite Excitement at York, Pa. York, Pa., Dec. 7.-A run on was First National Bank of this city caused by a false report being inaugurated today and up to noon hundreds of small depositors had withdrawn their deposits.
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FALSE REPORT STARTS A RUN Funds Being Withdrawn from First National at York, Pa. York, Pa., Dec. 7.-A run on the First National bank of this city, caused by a false report, was inaugurated today, and up to noon hundreds of small depositors had withdrawn deposits.
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RUN ON PENNSYLVANIA BANK Excitement Caused by Misunder= stood Remark of a Passerby By Associated Press. YORK, Pa., Dec. 7.-A run on the First National bank of this city was inaugurated today and up to noon hundreds of excited depositors had withdrawn their savings. The run was caused by an unfounded rumor that gained circulation yesterday. An art store on the opposite side of the street had been seized by the sheriff. A passerby remarked to a friend that "the art store across from the First National bank had failed." Some one caught the last part of the sentence and a rumor that "the First National bank had failed" spread rapidly. Long before the regular time for opening today a large crowd of depositors gathered in front of the institution. Directors of the bank mingled in the crowd and succeeded in allaying the fears of many. All applicants were paid off promtly. Other banks of the city proffered assistance while prominent business men made large deposits in the bank. The First National is one of the most prosperous banks in York. Its last statement shows resources of $2,379,464 and deposits of $2,287,109. It carries $50,000 in government funds.
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Wild Rumor Starts Run on Bank. York, Pa., Dec. 7.-A run on the First National bank was inaugurated today and hundreds of small depositors withdrew. The run was caused by a rumor. An art store opposite the bank had been seized by the sheriff. A passerby remarked to a friend. "That art store opposite the First-National bark has falled." Someone heard only the last words and the rumor spread that the bank had failed.
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RUN ON A, BANK Was Caused by a Peculiar Unfounded Rumor, York, Pa., Dec. 8.-A run on the First National bank of this city was Inaugurated today and up to noon hundreds of small depositors had withdrawn their savings. The run was caused by an unfounded rumor that gained circulation yesterday. An art store on the opposite side of the street had been seized by the sheriff. A passerby remarked to a friend that "The art store across from the First National bank has failed." Some one caught the last part of the sentence and a rumor that "The First National bank has failed" spread rapidly. Long before the regular time for opening today a. large crowd of depositors gathered in front of the institution. Directors of the bank mingled in the crowd and succeeded in allying the fears of many. All applicants were promptly paid gff. Othor banks in the city proffered assistance, while prominent business men made large deposits in the bank. The First National is one of the most prosperous banks In York. It carries $50,000 in government funds.
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RUN ON FIRST NATIONAL How the Last Words of a Sentence Caused a Scramble for Ducats. (By the Associated Press.) York, Pa., Dec. 7.-A run on the First National Bank of this city caused by a false report was inaugurated today, and hundreds of small depositors withdrew their deposits. An art store on the opposite side of the street had been seized by the sheriff. A passerby remarked to a friend that "the an store across from the First National Bank has failed." Some one within hearing caught the last part of the sentence and told his friends that he had heard that "The First National Bank has failed." The rumor spread rapidly. Depositors were paid promptly and efforts made to stop the run. The bank has a capital stock of $300,000 and deposits of over $2,000,000.
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At the North. There are rumors of possible criminal action following the completion of the insurance inquery in New York. An unfounded rumor that the First National Bank of York, Pa., had failed started a run on the institution. Gov. Robert E. Le Follette was elected United States Senitor by the Legislature of Wesconsin. Mrs. Ira Barry, who defied the authorities of Girriard, Kan., to remove her from a railway car, which she defended with a pistol for five days, was captured by strategy.
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At the North. There are rumors of possible crimina! action following the completion of the insurance inquery in New York. An unfounded rumor that the First National Bank of York, Pa., had failed started a run on the institution. Gov. Robert F. Le Follette was elected United States Senitor by the Legislature of Wesconsin.. Mrs. Ira Barry, who defied the authorities of Girriard, Kan., to remove her from a railway car, which she defended with a pistol for five days, was captured by strategy.