1.
March 25, 1905
New-York Tribune
New York, NY
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Article Text
CAUSED RUN ON BANK. Malicious Rumors Frighten Cincinnati Depositors. [BY TELEGRAPH TO THE TRIBUNE.] Cincinnati, March 24.-There was a run to-day on the savings department of the Union Savings Bank and Trust Company, the largest savings institution in this city. by small depositors. The indications are that the run will continue to-morrow, although the other bankers of the city as well as the officers of the bank declare that the institution is perfectly sound The depositors were paid to-day as fast as the busy tellers could attend to them. President J. G. Schmidtapp declares that the run was caused by malicious stories. He said he had received voluntary offers of assistance of over $1,000.000, but had declined them, as no help was needed. He. says the bank has forty thousand depositors, with average deposits of $400 each. It is stated that the bank has nearly $2,500,000 cash on hand and in bank, a surplus of >1,000,400 and over $500,000 undivided profits.
2.
March 25, 1905
The Fargo Forum and Daily Republican
Fargo, ND
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CINCINNATI BANK SCARE RUN STARTED ON A SAVINGS BANK Some One Circulated Postal Cards Advising the Depositors to Get Their Money Out-No Foundation for the Fright. Cincinnati, March 25.-A run on the Union Savings Bank & Trust Co4 alleged to have been caused by a conspiracy has continued two days. Today the bank was crowded with excited depositors. One woman was badly injured. It is charged postal cards advising the depositors to withdraw deposits were sent out and efforts are being made to discover the guilty person, The bank is perfectly solvent.
3.
March 25, 1905
The Fairmont West Virginian
Fairmont, WV
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RUN ON BANK DEPOSITORS ARE GIVING TROU. BLE TO UNION SAVINGS BANK, CINCINNATI. CINCINNATI, O., March 25 -A run which was started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in the city, continued to-day. Many people are crowding the bank withdrawing their deposits and their demands are promptly met. A squad of police is on hand to pre serve order. The majority of those withdrawing are small depositors many of them women. Offers of money in large sums are coming to the officers of the company from large banks all over the country, but none of these have been accepted. The officers have made this statement: "We know who started the run on the Union Savings Bank by malicious rumors, deliberately disseminated. "When the run is over and we have time to think we will further investigate. We know that letters and postal cards were sent out, advising people to withdraw their deposits. We will ask the United States authorities to take action under the postal laws."
4.
March 25, 1905
Rock Island Argus
Rock Island, IL
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CONSPIRACY TO WRECK A BANK IN OFFICIALS CHARGE DEPOSITORS OF UNION SAVINGS BANK OF CINCINNATI STARTED RUN OUT OF MALICE-PLEN. TY OF MONEY ON HAND. to obtain their money. Cincinnati, Ohio, March 25.-The reHas Much Cash. sult of a conspiracy is declared by offiThe bank has $2,500,000 in cash on cials of the Union Savings bank & hand and nearly $8,000,000 securities, Trust company to be the explanation besides other assets to care for its for a run on the savings department $18,000,000 deposits. of that institution today, in which a woIt is charged postal cards have been man was knocked down and seriously sent to the depositors of the bank adtrampled on in the rush of depositors vising the withdrawal of deposits.
5.
March 25, 1905
The Minneapolis Journal
Minneapolis, MN
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BANK RUN STARTED BY MALICE THRU MAILS New York Sun Special Service. Cincinnati, March 25.-A run was started yesterday on the savings department of the Union Savings bank and Trust company, which is said to be the largest institution of the kind in Ohio. All day there was a stream of small depositors withdrawing their money as fast as the tellers could handle it. Officers of the bank declare it perfectly solid and that every depositor requesting his money will secure it. President J. G. Schmidlapp said the stories that caused the run were started by malicious persons. Just after closing time the officials obtained information that postal cards and telegrams had been sent out of the city to depositors who were absent, advising them to withdraw their funds. These cards will be traced, if possible. The officials believe that the stories about the bank are the result of a conspiracy. They will attempt to prove this.
6.
March 25, 1905
Alexandria Gazette
Alexandria, VA
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Run on Bank. Cincinnati, O., March 25.-A run which was started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in the city, continued today. A squad of police is on hand to preserve order. The majority of those withdrawing are small depositors, many of them women. Offers of money in large sums are coming to the officers of the company from large banks all over the country, but none of these has been accepted. The officers have made a statement saying: "We know who started the run on the Union Savings Bank by malicious. rumors, deliberately disseminated,"
7.
March 26, 1905
The Washington Times
Washington, DC
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RUN ON BANK STARTS BY MALICIOUS RUMORS All Demands Promptly Met by Cincinnati Intsitution-It May Weather the Storm. CINCINNATI, March 25.-A run which started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in the city, continued today. Many people are crowding the bank, withdrawing their deposits, and their demands are promptly met. A squad of police is on hand to preserve order. The majority of those who are withdrawing are some small depositors-many are women. Offers of money in large quantities are coming to the officers of the company from large banks all over the country, but none of these have been accepted. The officers have made this statement: "We know who started the run on the Union Savings Bank by malicious rumors, deliberately disseminated. When the run is over and we have time to think we will further investigate, We know that letters and postal cards were sent out, advising people to withdraw their deposits. We will ask the United States authorities to take action under the postal laws."
8.
March 26, 1905
Evening Star
Washington, DC
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ALLEGED BANK CONSPIRACY. Declared to Be at the Bottom of a Run on Savings. CINCINNATI, Ohio, March 25.-A conspiracy is declared by officials of the Union Savings Bank and Trust Company of this city to be at the bottom of a run on the savings department of the bank today. After withdrawals of funds had continued quietly for about two weeks, the bank was crowded today by several hundred excited depositors who failed to reach the paying teller's window. One woman was knocked down and trampled on in the rush, but it is not believed that her injuries will prove fatal. The bank has $2,500,000 in cash on hand and nearly $8,000,000 in securities that can immediately be converted into cash, besides other assets to care for its $18,000,000 deposits. The officers express the utmost confidence in the outcome. It is charged that postal cards have been sent to depositors of the bank advising the withdrawal of de positors, and that the telephone had been used as a means of giving the same advice. The bank officials say they have secured some of these postal cards and will endeavor to discover the author of them. Offers of over $2,000,000 in cash have been made by Chicago and New York banks and several local institutions have promised assistance, but all these proffers have been declined with thanks. As an indication of the view of local financiers an offer of $600 for the stock of the Union Savings and Trust Company was made on 'change today, but no stock could be had for that price, although it was the high record of the stock.
9.
March 27, 1905
The Bemidji Daily Pioneer
Bemidji, MN
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CONSPIRACY IS ALLEGED. Run in Progress on Union Savings Bank of Cincinnati. Cincinnati, March 27.-A run now in progress on the Union Savings Bank and Trust company of this city is declared by officials of the institution to be the result of a conspiracy. After having continued quietly for about two weeks the run during the day was the means of crowding the bank with several hundred excited depositors who failed to reach the paying teller's window. One woman was knocked down and trampled on in the rush, but it is not believed that her injuries will prove dangerous. It is charged that postal cards have been sent to depositors of the bank advising the withdrawal of deposits and that the telephone had been used as a means of giving the same advice. The bank officials say that they have secured some of these postal cards and will endeavor to discover the author of them and, when found, bring criminal actions. Offers of over $2,000,000 in cash have been made by Chicago and New York banks and other local institutions have promised assistance, but all these proffers have been declined with thanks. The bank has $2,500,000 in cash on hand and nearly $8,700,000 in securities that can immediately be converted into cash, besides other as. sets to care for its $18,700,000 deposits, and the officers express the utmost confidence in the outcome.
10.
March 28, 1905
The Madison Daily Leader
Madison, SD
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CONSPIRACY is ALLEGED, I Run in Progress on Union Savings Bank of Cincinnati. Cincinnati, March 27.-A run now in progress on the Union Savings Bank and Trust company of this city is declared by officials of the institution to be the result of a conspiracy. After having continued quietly for about two weeks the run during the day was the means of crowding the bank with several hundred excited depositors who failed to reach the paying teller's window. One woman was knocked down and trampled on in the rush, but it is not believed that her injuries will prove dangerous. It is charged that postal cards have been sent to depositors of the bank advising the withdrawal of deposits and that the telephone had been used as a means of giving the same advice. The bank officials say that they have secured some of these postal cards and will endeavor to discover the author of them and, when found, bring criminal actions. Offers of over $2,000,000 in cash have been made by Chicago and New York banks and other local institutions have promised assistance, but all these proffers have been declined with thanks. The bank has $2,500,000 in cash on hand and nearly $8,700,000 in securities that can immediately be converted into cash, besides other assets to care for its $18,700,000 deposits, and the officers express the utmost confidence in the outcome.