17383. United Banking and Savings Company (Cleveland, OH)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
July 11, 1901
Location
Cleveland, Ohio (41.499, -81.695)

Metadata

Model
gpt-5-mini
Short Digest
2b5449c7

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous newspaper reports (July 11, 1901) describe a run begun the prior day caused by a woman who misunderstood a clerk and spread word the bank had no funds. The bank met all demands, kept doors open nearly all night, and the run ended when depositors realized the bank was solvent — no suspension or closure is reported.

Events (1)

1. July 11, 1901 Run
Cause
Rumor Or Misinformation
Cause Details
A Bohemian woman called before hours, was told to wait, misunderstood and spread the report that the bank had no funds, triggering withdrawals.
Random Run
Yes
Random Run Snippet
Woman spread report bank had no funds; report proved false
Measures
Bank kept doors open nearly all night to permit withdrawals; paid all demands promptly; many withdrawn deposits were later returned.
Newspaper Excerpt
The run on the United Banking and Savings company, which began yesterday, was continued today. All demands were promptly met and the officials declared they were prepared for any emergency.
Source
newspapers

Newspaper Articles (10)

Article from The Butte Inter Mountain, July 11, 1901

Click image to open full size in new tab

Article Text

Run on Big Bank. (By Associated Press.) Cleveland, July 11.-The run on the United Banking and Savings company which began yesterday was continued today. All demands were promptly met and the officials declared they were prepared for any emergency.


Article from Evening Times-Republican, July 11, 1901

Click image to open full size in new tab

Article Text

Run on a Cleveland Bank. Cleveland. July 11.-The run on the United Banking and Savings company, which began yesterday, continued today. All demands were promptly met and the officials of the bank declared they were prepared for any emergency. The run was started by a Bohemian woman who called at the bank yesterday before banking hours to draw her money. She was told to wait. Failing to understand, however, she immediately went out and spread the report that the bank had no funds. The capital stock of the bank is $100,000. The deposits amount to nearly $2,000,000. When the foreigners finally realized it had ample funds the run ceased.


Article from Ottumwa Semi-Weekly Courier, July 11, 1901

Click image to open full size in new tab

Article Text

Causes Officials Much Trouble Because She Misunderstood What Was Told to Her. EXCITEMENT CONTINUES Officials Say They Are Prepared for Any Emergency and Keep Paying Out Funds as Fast as Demands Are Made-Novel Situation. Cleveland, July 11.-A run on the United Banking and Savings company which began yesterday, continued today and all the demands were premptly met. The officials of the bank declared they are prepared for any emergency. The run was started by a Bohemian woman who called at the bank yesterday before banking hours to draw her money. She was told to wait. Failing to understand, howeve" she immediately went out and spread the report that the bank had no funds. The capital stock. of the bank is $100,COO. The deposits amount to nearly $2,000,000.


Article from Deseret Evening News, July 11, 1901

Click image to open full size in new tab

Article Text

Run on Cleveland Bank. Cleveland, Ohio, July 11-The run on the United Banking and Savings company, which began yesterday. was continued today. The bank kept its doors open nearly all night in order to permit any nervous depositors to withdraw their money. Today fully 200 men and women were lined up in front of the bank. All demands were promptly met and the officials declared they were prepared for any emergency. The run was started by a woman, who called af. ter banking hours to draw money. She was told to wait. Failing to understand. however. she immediately went out and spread the report that the bank had no funds. The capital stock of the bank is $100.000. Its deposits amount to nearly $2,000,000.


Article from The St. Louis Republic, July 12, 1901

Click image to open full size in new tab

Article Text

BANK WITHSTOOD A RUN. Kept Open at Night to Allow Depositors to Withdraw Funds. Cleveland, July 11.-The run on the United Banking and Savings Company, which be-: gan yesterday, was continued to-day. The bank kept its doors open nearly all night in order to permit anxious depositors to withdraw their money. Early to-day fully 200 men and women were lined up in front of the institution. All demands were promptly met, and the officials of the bank declared they were prepared for any emergency. The run was started by a Bohemian woman, who called at the bank yesterday, before banking hours. to draw money. She was told to wait. Failing to understand, however, she immediately went out and spread the report that the bank had no funds. The capital stock of the bank is $100,000. Its deposits amount to nearly $2,000,000. When the foreigners finally realized to-day that the bank had ample funds to meet all demands the run came to an end. Many persons who had withdrawn their money returned it for deposit.


Article from The Indianapolis Journal, July 12, 1901

Click image to open full size in new tab

Article Text

RUN ON A SOLVENT BANK Started by a Bohemian Woman Who Wanted Her Money Too Soon. CLEVELAND, O., July 11.-The run on the United Banking and Savings Company which began yesterday, was continued this morning. The bank kept its doors open nearly all night in order to permit anxious depositors to withdraw their money. Early to-day fully 200 men and women were lined up in front of the institution. All demands were promptly met and the officials of the bank declared they were prepared for any emergency. The run was started by a Bohemian woman who called at the bank yesterday before banking hours to draw her money. She was told to wait. Failing to understand she spread the report that the bank had no funds. The capital stock of the bank is $100,000. Its deposits amount to nearly $2,000,000. When the foreigners finally realized today that the bank had ample funds to meet all demands the run came to an end. Many persons who had withdrawn their money returned it for deposit.


Article from The Daily Journal, July 12, 1901

Click image to open full size in new tab

Article Text

RUNNING AN OHIO BANK CLEVELAND July 11.- A run on the United Banking and Savings Company which began yesterday was continued today. All demands were promptly met and officials declared they were prepared for any emergency. Capital stock of bank is$100,000. Deposits amount to nearly $2,000,000.


Article from Bryan Morning Eagle, July 12, 1901

Click image to open full size in new tab

Article Text

Bank Standing the Run. Cleveland, July 11.-The run on the United Banking and Savings company here which began Wednesday continues. The bank kept doors open nearly all Wednesday night in order to permit anxious depositors to withdraw their money. Early this morning 200 men and women were lined up in front of the institution. All demands were promptly met and officials of the bank declared they are prepared for any emergency.


Article from The Wichita Daily Eagle, July 12, 1901

Click image to open full size in new tab

Article Text

CASTORIA. Bears the The Kind You Have Always Bought Signature of BOHEMIAN STARTS TROUBLE. Through Misunderstanding, Run On Bank is Occurring. Cleveland, Ohio, July 11.-The run on the United Banking and Savings company which began yesterday was continued today. The bank kept its doors open nearly all night in order to permit anxious depositors to withdraw their money. Early today fully 200 men and women were lined up in front of the institution. All demands were promptly met and the officlals of the bank declared they were prepared for any emergency. The run was started by a Bohemian woman. who called at the bank yesterday before banking hours to draw money. She was told to wait. Failing to understand, however, she immediately went out and spread the report that the bank had no funds. The capital stock of the bank is $100,000. Its deposits amount to nearly $4,000,000.


Article from The Oskaloosa Herald, July 25, 1901

Click image to open full size in new tab

Article Text

IT PAYS TO BE PLEASANT. It always pays to be pleasant and courteous, especially to women. The short, sharp answer of a clerk of the United Banking and Savings company of Cleveland, O., when asked by a woman depositor for her funds, caused a run that lasted two days and nearly broke up the institution. The woman had called out of hours and the clerk briefly told her she would have to wait. She went out and told a friend, the friend told another friend that depositors could not get their money. In shorttime an anxious crowd was besieging the bank for their cash. It took the bank two days working both day and night to satisfy the crazy mob and it will probably suffer from the ef fects of the run for some time. It is probable that the next woman depositor who asks that bank for money will get it instanter and with the utmost graciousness.