17067. Yonkers Savings Bank (Yonkers, NY)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
October 20, 1891
Location
Yonkers, New York (40.931, -73.899)

Metadata

Model
gpt-5-mini
Short Digest
b1f92c4c

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous newspaper dispatches (Oct 20–21, 1891) report a depositors' run on the Yonkers Savings Bank triggered by a false rumor that the bank was insolvent. Officers denied the report, paid out demands, confidence was restored and the run ended the same day; there is no mention of suspension or closure. Reported outflows about $200,000 (2,000–4,000 depositors).

Events (1)

1. October 20, 1891 Run
Cause
Rumor Or Misinformation
Cause Details
A false rumor/report circulated that the bank was in financial trouble and about to fail; officers denied the report and said the bank could meet demands.
Random Run
Yes
Random Run Snippet
Run started by a false rumor; officers denied it and confidence was restored.
Measures
Officers publicly denied the report and paid out depositors' requests promptly; cash demands honored and confidence restored.
Newspaper Excerpt
There is much excitement in the city to-night over a run on the Yonkers Savings Bank...A report was started that the bank was in financial trouble, and a rush was made by many depositors...at least two thousand persons drew out their deposits, amounting to about $200,000.
Source
newspapers

Newspaper Articles (10)

Article from The Morning Call, October 21, 1891

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Run on a Bank. YONKERS (N. Y.), Oct. 20.-Thereis much excitement in the city to-night over a run on the Yonkers Savings Bank made this afternoon. A report was started that the bank was in financial trouble, and a rush was made by many depositors, and although the officers promptly denied the report, at least two thousand persons drew out their deposits, amounting to about $200,000.


Article from Morning Journal and Courier, October 21, 1891

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Run on a Bank. YONKERS, N. Y., Oct. 20.-There is much excitement here to-night over a run on the Yonkers Savings bank, made this afternoon on account of a report that the bank was in financial trouble and was about to go into bankruptcy. The officers denied the report, but two thousand persons drew out their deposits, amounting to about $200,000. Robert B. Getty, president of the bank, to-night denied that the bank was in financial trouble and stated that it had enough money to pay all demands.


Article from New-York Tribune, October 22, 1891

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THE RUN ON THE YONKERS SAVINGS BANK. The run on the Yonkers Savings Bank, although a line of depositors passed before the cashiers up to the


Article from Daily Kennebec Journal, October 22, 1891

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THE RUN SOON OVER. Started by a False Rumor, the Money Restored Confidence. YONKERS N. Y., Oct. 21.-The run bich began last night on the Yonkers Savings Bank, started by a false rum 1. did not last very long. This morning & line of depositors demanded their money which was paid out as fast as they called for it and confidence was soon restored, and a number of deposis made. At 11 o'clock the rua was entirely over.


Article from Deseret Evening News, October 22, 1891

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The Run on a Bank Ceases. YONKERS, N.Y., Oct. 21.--The run which started yesterday on the Yonkers Savings bank ended before noon today without any serious inconvenience to the bank.


Article from The Seattle Post-Intelligencer, October 22, 1891

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CONDENSED DISPATCHES. The run which started Tuesday on the Yonkers, N. Y., savings bank ended without any serious inconvenience to the bank. Several lakes near Bangor, Wales, have burst their banks and flooded the neighboring slate quarries. Thousands of workmen are idle. The miners at Scott's mine No. 2, at West New. ton, Pa., resumed work Tuesday at the old price. This action created some excitement, and these steps may be followed by other miners. William Davis and L Lock, miners, were overcome by foul air while descending a mine near Monarch, Cal., Tuesday morning. They fell out of the basket to the bottom of the shaft, fifty feet below, and were crushed to death,


Article from The Helena Independent, October 22, 1891

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A Stampede was Started. YONKERS, N. Y., Oct. 21.-There is much excitement in the city to-night over a run on the Yonkers Savings bank, made this afternoon. A report was started that the bank was in financial trouble and a rush was made by many depositors. and, although the officers promptly denied the report, at least two thousand persons drew out deposits, amounting to about $200,000.


Article from Delaware Gazette and State Journal, October 22, 1891

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NT Dr. Henry Leffmann Tuesday sent Governor Pattison his resignation as sician of the port of Philadelphia. The Snook Glove and Manufacturi Company of Syracuse, N. Y., has with liabilities amounting to $62,000 0 assets of $12,000. The 149th Pennsylvania Regimer known as the "Bucktails," held its annual reunion Tuesday at Huntingdo t Colonel John T. Irvin was elected presider William Coy, at Pittsfield, Mass., day confessed the murder of John Whale S whose body was found buried on S mountain side at Washington. Mass., Tuesday. He claimed that he killed Whal in self-defence. The Allient Packing Company of mourdale, Kan., made an assignment J Monday evening. The liabilities are mated at $100,000, and the assets at slight over that figure. The warehouse of the Speer New Wine Company and the office and plant the Passaic Item, at Passaic, New were destroyed by fire Tuesday, the 1 amounting to $100,000. Return Jonathan Meigs, who had clerk of the supreme court of the Distri 0 of Columbia since its organization. in S died at his residence, in Washington, Monday evening, aged 90 years. 0 Judge Hunt, at Cincinnati, Tuesda dissolved the temporary injunction straining the use of certain proxies held the Baltimore and Ohio interest, in nection with the controversy over Ohio and Mississippi Railroad. Judge Loney, at Louisville, Ky., Tue 0 day, sent the mayor and city council J Newport to jail for six months, or S further order of the court, for contem in refusing to obey the order of the in the matter of certain street lights. di Rumors that the Yonkers Savings Bar U cashed compution punosun uu up SUM on that institution Tuesday, about a depositors withdrawing about $200,00 A The officers of the bank say theinstituti U is demands. perfectly solvent and able to pay The Secretary of the Navy Tuesd 8 signed a contract with the Iowa 0 works, of Dubuque, for the construction a of torpedo boat No. 2. similar to the ing, for the sum of $113,500. She is to of 120 tons displacement, and must a completed within one year. m. Beatrice Collins, the young woman New York under a two years sentence passing counterfeit money. and ч Bush, alias John Miller, aged 65 burglar, escaped from the jail at Readi 11 on Monday night. The woman's cell p was unlocked from the outside. I The Secretary of the Navy Tuesday S1 to CODE U JO the recebed 11 quiry in the case of the U. 8. S. Despato in order to determine whether any or e of the officers of that vessel shall be by court martial for neglect of duty ing in its loss. The detail of the court S be announced to-day. It was announced in Chicago is by President Bensinger of the Brunswic Balke-Collender Company, that "the K net makers strike, which has been in "t istence since the first of September, volving about 900 men, has ended '' complete victory for the employérs." men return to work at the old hours and piece work. e. A dispatch from Tuscaloosa, Alabam says that Tuesday a contract was between F. M. Abbott, representing S. sylvania capitalists, and the Tuscaloo 01 Coah Iron and Land Company, where the former undertake to build a railro from deep water, at Tuscaloosa northwa M to the coal fields. They also contract build a coke plant at Tuscaloosa. p The United States Supreme Court & day advanced the hearing of the case a, Boyd vs. Thayer, arising out of a at over the Nebraska governorship and 0, signed it for argument on the first Mond 11 in December, after cases already assign -! for that day, namely those of two York murders under sentence of death 02 cases. electrocution, and the Chicago amarchis Judge Hughes, in the United States cuit court, at Norfolk. Va., Tuesday, ea a decision releasing from custody a master's clerk in the Norfolk Navy who was condemned by a naval :1 martial, for misappropriating governme 91 property and sentenced to one year's prisonment in the penitentiary. The 01 held that authority. the court-martial acted witho a u Application for a postponement of hearing of the suit brought to determi whether title to land in California, B highwater mark, was originally vested -o the United States or the State of Californ 00 was denied. Presiding Justice Field that the case was merely a suit over a patent, that no important constitution es question was involved and that it did or need a full bench for its trial. A. B. Montgomery of Stephens sa Kansas, has filed at Topeka a charter the "Artificial Rain-producing Company l' As directors there are named six Stephe 01 county men. The capital is placed at $100,000, and the object of the company "to furnish water to the public by u) ducing and increasing the fall of rain the Melbourne plan.' Melbourne will os the rain producing, and the company % contracted to pay him 10 cents per acre all the land watered by him during


Article from The Kinsley Graphic, October 23, 1891

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THE LATEST. SECRETARY NOBLE has ordered all the surveying corps and alloting agents in the Cheyenne and Arapahoe reservation to disband until congress makes further appropriations. This will delay the opening of these lands one year. Ex-SENATOR INGALLS addressed a large audience in Tremont temple, Boston. Gen. B. F. Butler introduced him. A SPECIAL cable dispatch from Managua, Nicaragua, says Don Fernando Guzman, the ex-president of the republic, is dead. His death is generally regretted. THE French senate tariff committee decided in favor of a proposition to impose a duty of 25 francs per 100 kilos on salted meats of all kinds, including pork, ham and bacon, instead of one of 20 francs, which the chamber of deputies had already passed. SUNOL trotted a mile in 2:08 14, beating Maud S.'s record of 2:08% made in 1885. THE Associated press and the Western Union Telegraph Co. are at outs over the question of "leased wires," the services of which the company has refused newspapers. IT was reported that the Burlington passenger train No. 5, which left Chicago at 6 o'clock the previous evening wasditched between Burlington, Ia., and Galesburg on the morning of the 31st The engineer and five passengers were killed. THE archbishop of Aix, France will be prosecuted for disregarding the circular enjoining him not to leave his diocese without the consent of the government. The archbishop is liable to a heavy fine as well as a term of imprisonment THE pope is reported to be undecided about leaving Rome. THE British sealers Otto and E. B. Marvin, which were seized in Behring sea, have been released by direction of the lord commissioner of admiralty. THERE was a run on the Yonkers (N. Y.) savings bank. About 4,000 excited depositors drew out $200,000 in a few hours. JOHN Russ, a white man, was lynched at Columbus, La., for brutally murdering an aged negress. THE post office officials are greatly interested in the expected lessening of the work in the large postoffices of the country by the introduction of new stamping machines. THE boiler of the Brookhaven (Miss.) Machine Co. exploded, instantly killing James Hoskins, fireman, and wounding c. A. Woodbury. Hoskins' head was blown off.


Article from Copiah Signal, October 29, 1891

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THE EAST. THE noted telescope makers AlvinG & George B. Clark, of Cambridge, Mass., are to dissolve partnership, be cause physically George unable B. the to continue senior member, in active is business and desires to be relieved of all responsibility. JONATHAN STEWARD of Trenton, N. J., has made an assignment The liabilities foot up $829,000 and the assets about $185,000. The liabilities include numerous indorsements for the Trenton ehina and Star rubber companies, which failed a few months ago, and all the Trenton banks suffer. SUNDAY'S steamers at New York brought $1,530,000 in gold from Europe, making the total returned to date $17, 036,000. THERE was a run on the Yonkers (N. Y.) savings bank About 4,000 excited depositors drew out 8200,000 in a few hours Ex-SENATOR INGALLS addressed a large audience in Tremont tempie, Bos tuss. Gen. R. F. Butier introduced him. It is stated in Pittsburgh, Pa., that the Standard Oil Co. is to have opposition. SYLVESTER Wilsox for abducting Libbie Sutherland, was sentenced at New York to five years in the penitentiary and to pay a fine of $1,000. Jons HARDSLEY declares emphatically that no power on earth can unseal his lips THE Glendale woolen mills. Pitts. field, Mass. have been destroyed by fire. Loss 8200,000; insured. BABY RUTH CLEVELAND is receiving numerous and costly presents from all parts of the country. Two schooners of Gloucester. Mass., are reported lost with a total of 36 lives. SECRETARY BLAINE said in Boston that he had never felt stronger than at present. His appetite was vigorous. ALEX HUPPE was on trial in Brooklyn for killing Frank Kresebmar. who turned Huppe's family out in the rain while one child had pneumonia. THE national board of appraisers in New York city has been hearing the test case brought by the Woolen Manufacturers' association to force higher duties on imported woolens. A RIOT was feared near Monongahela City, Pa. The coal operators were flooding the district with Huns and negroes, which greatly excited the strikers. THE report that Ex-Senator Ingalls was taken sick in Massachusetts was a mistake.