17275. Ohio Life and Trust Company (Cincinnati, OH)

Bank Information

Episode Type
Run Only
Bank Type
private
Start Date
December 5, 1854
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
ac2b097c

Response Measures

Accommodated withdrawals

Description

Newspaper reports (Dec 5, 1854) describe a small run on the Ohio Life and Trust Company in Cincinnati. Withdrawals were paid promptly; no suspension or closure is mentioned. Two duplicate notices provided. Cause appears to be a circulating report/rumor that a run was occurring.

Events (1)
1. December 5, 1854 Run
Cause
Rumor Or Misinformation
Cause Details
A circulating report that there was a run prompted small depositors to withdraw funds; article frames it as a report/alarm rather than underlying insolvency.
Measures
Paid depositors promptly; paying teller honored checks as presented.
Newspaper Excerpt
The report on Tuesday that there was a run upon the Ohio Life and Trust Company caused quite a number of small depositors to hurry down to the bank for their funds which were paid as promptly by the paying teller of the institution as the checks were presented.
Source
newspapers

Newspaper Articles (2)
1. December 5, 1854 Daily Davenport Gazette Davenport, IA
Article from Daily Davenport Gazette, December 5, 1854

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Article Text

ACCOUNT BALANCED.-The report on Tuesday that there was a run upon the Ohio Life and Trust Company caused quite a number of small depositors to hurry down to the bank for their funds which were paid as promptly by the paying teller of the institution as the checks were presented.-One of the alarmists, on drawing his money, noticed that the receiving clerk was a good deal more busy than the paying clerk, taking in deposits and it occurred to him that it would perhaps be safer for him to continue a depositor. He went back and signified his intention to the clerk, but was mewhat astonsh d when the clerk told him that his account with that concern was closed, his bank book balanced, and they declined doing any more business with him. The disappointed depositor walked off in just about the same dilemma as wasithe boy that drew the elephant in a raffle; he didn't know what to do with it. As yet the run on that bank does not amount to much, and we believe our community have every confidencein its entire solvency.--Cincinnati Gaz.

2. December 5, 1854 Daily Davenport Gazette Davenport, IA
Article from Daily Davenport Gazette, December 5, 1854

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Article Text

ACCOUNT BALANCED.-The report on Tuesday that there was a run upon the Ohio Life and Trust Company caused quite a number of small depositors to hurry down to the bank for their funds which were paid as promptly by the paying teller of the institution as the checks were presented.-One of the alarmists, on drawing his money, noticed that the receiving clerk was a good deal more busy than the paying clerk, taking in deposits and it occurred to him that it would perhaps be safer for him to continue a depositor. He went back and signified his intention to the clerk, but was mewhat astonsh whenthe clerk told him that his account with that concern was closed, his bank book balanced, and they declined doing any more business with him. The disappointed depositor walked off in just about the same dilemma as wasithe boy that drew the elephant in a rafile; he didn't know what to do with it. As yet the run on that bank does not amount to much, and we believe our community have every confidence in its entire solvency.--Cincinnati Gaz.