Norwich Savings Bank - Norwich, CT

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: May 27, 1884
Location: Norwich, Connecticut (41.524, -72.076)

Metadata

Model: gpt-5-mini
Short Digest: 0b0658d8

Response Measures

Accommodated withdrawals

Description

Contemporary report (Sacramento paper, 1884-05-27) recounts a run provoked by a joker's remark in a Norwalk paper — deposits of $30,000 withdrawn before the joker explained he meant a 'gravel' bank. No suspension or closure mentioned.

Events (1)

1. May 27, 1884 Run

Cause: Rumor Or Misinformation
Cause Details: A joker's remark in a local Norwalk paper (misstated bank reference — said 'gravel' bank) triggered frightened depositors to withdraw $30,000.
Random Run: Yes
Random Run Snippet: Joker's remark referred to a 'gravel' bank; corrected after withdrawals
Newspaper Excerpt: The excited depositors started a run which took $30,000 from the Norwich Savings Bank before the alleged joker explained that he referred to a gravel bank.
Source: newspapers

Newspaper Articles (1)

1. May 27, 1884 Sacramento Daily Record-Union Sacramento, CA

Article from Sacramento Daily Record-Union, May 27, 1884

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Article Text

EA Strong's bank closed its doors at Green Bay, Wis., yesterday morning. Among the graduates of the Conservatory of Music in New York is Miss Hickox, of California. It is stated that W. H. Vanderbilt has transferred to his son W. K., $5,000,000 to support his stocks in the New York market. It is officially stated in Philadelphia that the employes of the Reading Coal and Iron Company will be paid in cash. This averts the threatened trouble. In the case of Patrick Donohue VS. The Southern Pacific Railroad, involving certain lots in section 301, Los Angeles land district, Secretary Teller has decided in favor of Donohue. Secresy is still maintained by the British Government respecting the negotiations which are known to be proceeding with France and other Powers respecting the Egyptian conference. Father Boniface of the Italian Society of St. Leonard's Catholic Church, whose name was associated with certain alleged curious money transactions has brought suit against the Boston Herald for $100,000 damages. It is thought that the charge that Stanley Mathews' appointment to the Supreme Court was through an agreement with Garfield, conditional upon his election, will be investigated in the Senate before the June Convention is held. Colonel Tcheng, the Chinese military attache in Paris, has contributed to the Recue des Deur Mondes a very lively defense of the marriage customs of his country, which is accentuated by sarcastic contrasts with the matrimonial institutions of France. While one English nobleman has been getting convicted of a drunken assault upon a woman, another, called Saverneck, the heir to a marquisate, who is but 20 years old, has just married a ballet girl with a substantial reminiscence of previous attachments in the shape of children. A stupid local paper of Norwalk, Conn., published a long article Friday, stating there was a steady run on one of the oldest banks in the city. The excited depositors started a run which took $30,000 from the Norwich Savings Bank before the alleged joker explained that he referred to a "gravel" bank. Fish, President of the Marine Bank, arrested in New York Sunday, appeared in the United States Commissioner's office yesterday afternoon and pleaded not guilty of applying to his own use money belonging to the bank. The Court fixed his bail at $30,000, and Fish produced bondsmen for that amount. A distinguished party left Washington yesterday for Annapolis. It included the President of the Senate and Speaker of the House, members of the Senate and House Committee on Naval Affairs and Appropriations, Admiral Porter, Lieutenant-General Sheridan, Ministers of England, Russia, Germany and France, and the Maryland members of Congress.