18648. Bank of Italy (Erie, PA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
November 5, 1928
Location
Erie, Pennsylvania (42.129, -80.085)

Metadata

Model
gpt-5-mini
Short Digest
8b65bf23

Response Measures

Accommodated withdrawals

Description

Multiple AP articles (dated Nov 6, 1928) report a run on the Bank of Italy in Erie precipitated by circulation of political propaganda claiming the Pope endorsed Hoover. The run was halted after about $4,000 withdrawn; the bank remained open when crowd was placated. Date of run inferred as 1928-11-05 (reported Nov 6; articles say 'last night').

Events (1)
1. November 5, 1928 Run
Cause
Rumor Or Misinformation
Cause Details
Circulation of political pamphlets/propaganda claiming the Pope had endorsed Herbert Hoover.
Measures
President Leonard Tasquallicio refused to pay out additional monies and addressed/dealt with depositors, placating the crowd and halting the run.
Newspaper Excerpt
A run on the Bank of Italy, precipitated, authorities claim, through the circulation of political propaganda that the Pope of Rome had indorsed Herbert Hoover for the presidency, was halted last night after more than $4,000 had been withdrawn during the late afternoon hours.
Source
newspapers

Newspaper Articles (11)
1. November 6, 1928 The Plain Dealer Cleveland, OH
Article from The Plain Dealer, November 6, 1928

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Article Text

DISORDERS CLOSE ELECTION RALLIES (Continued From First Page) the object of an egg bombardment here tonight while in the midst of an address against the candidacy of Gov. Alfred E. Smith, Democratic candidate for the presidency. WICHITA FALLS, Tex., Nov. 5.(AP)-A Hoover meeting, at which the Rev. J. Frank Norris of Fort Worth was listed as speaker, interrupted tonight when stench bombs were thrown into the crowd of 4,000 people which had packed into auditorium. ENGLAND. Ark., Nov. 5.-(AP)Several eggs were thrown at the Rev. Ben M. Bogard, missionary Baptist pastor of Little Rock, when he attempted to address an audience in to the Robinson ticket opposition here tonight. None hit the pastor. The meeting was turned into Democratic rally after Bogard was silenced. ERIE. Pa., Nov. 5.-(AP)-A run on the Bank of Italy, precipated, authorities claim. through the circulation of politicial propaganda that the pope of Rome had indorsed Herbert Hoover for the presidency was halted tonight after more than $4,000 had been withdrawn during the late afternoon hours. NEW YORK, Nov. 5.-As if impelled by mutual disinclination to deprive any of their customers of their right to vote, the magistrates in Manhattan Traffic Court today falled to send to jail any of the 235 violators arraigned before them. This set record for the court.

2. November 6, 1928 Leader-Tribune Marion, IN
Article from Leader-Tribune, November 6, 1928

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Article Text

STORY POPE WAS FOR HOOVER STARTS RUN Erie, Pa.. Nov. run on the Bank of Italy, authorities claim. through the circulation of political propaganda that the pope Rome had endorsed Herbert Hoover for the presidency. halttonight after more than $4,000 had been withdrawn during the late afternoon hours. The run on the bank started closing time. When the bank opened its doors tonight more than thousand depositors were front the doors. Leonard Tasquallicio. president of the bank. demanded reason for the gathering and was showered with pamphlets citing the pope endorsing Hoover. He then refused to pay additional monies and succeeded in placating crowd. According several of the depositors, the circulars secured at political rally and addition stating the pope had dorsed Hoover said Tasquallicio, was to have addressed Republican rally tonight, about depart for Italy with the bank funds.

3. November 6, 1928 The Daily Astorian Astoria, OR
Article from The Daily Astorian, November 6, 1928

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Article Text

Bits of News FILES BANKRUPTCY Nov. voluntary petition filed in the bankruptcy division the federal court here today by Gustaf Johnson, behalf of the Oregon Lime Products company, Oregon headquarPortland. Liabilities of 699.49 listed, and assets were placed at $124,013.79. BOY Ore. his automobile skidded from roadway and rolled down feet of water, William Harmon. West Fir, drowned in the mill pond the Western Lumber company, at West Fir. ELECTION RETURNS PORTLAND. Ore., Nov. Beginning Tuesday the sults of the election will be brought the Pacific coast over network broadcasting stations hook up to the National Broadcasting company. The Portland station, KGW, will serve Oregonians. RUN ON BANK. ERIE. Pa., Nov. run on the Bank of Italy. precipitated, authorities claim, through the circulation political propaganda that the pope had endorsed Herbert Hoover for the presidency, halted tonight after more than $4000 had been withdrawn during the late afternoon hours. CHINESE DROWNED. LONDON, Nov. Daily Mail prints dispatches from Shanghai saying that 20 Chinese, panic strickwhen their ship ordered into quarantine because of cholera board, jumped overboard and were drowned. KIND HEARTED THUG Nov. three who robbed the Erie avebank of $8000 today were making their escape, Mrs. Mary Buehr, positor entered the bank during the holdup, halted them saying: only came to draw out some money for baby. He's sick and need man gave her three one dolbills.

4. November 6, 1928 Evening Star Washington, DC
Article from Evening Star, November 6, 1928

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Article Text

By the Associated Press. ERIE, Pa., November 6.-A run on the Bank of Italy, precipitated, authorities claim, through the circulation of political propaganda that the Pope of Rome had indorsed Herbert Moover for the presidency, was halted last night after more than $4,000 had been withdrawn during the late afternoon hours. The run on the bank started at closing time. When the bank reopened its doors last night more than one thousand depositors were in front of the doors. Leonard Tasquallicio, president of the bank, demanded the reason for

5. November 6, 1928 Evening Star Washington, DC
Article from Evening Star, November 6, 1928

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Article Text

Bank Head Halts Run Caused by Report That Pope of Rome Had Indorsed Hoover By the Associated Press. the gathering and was showered with ERIE, Pa., November 6.-A run on pamphlets citing the Pope as indorsing the Bank of Italy, precipitated, auHoover. He then refused to pay out additional moneys and succeeded in thorities claim, through the circulaplacating the crowd. tion of political propaganda that the According to several of the depositors, Pope of Rome had indorsed Herbert the circulars were secured at a political rally, and in addition to stating that Moover for the presidency, was halted the Pope had indorsed Hoover said that last night after more than $4,000 had Tasquallicio, who was to have addressed been withdrawn during the late afternoon hours. a Republican rally last night, was about The run on the bank started at closto depart for Italy with the bank funds. Tasquallicio's appearance before the ing time. When the bank reopened its bank's depositors calmed them somedoors last night more than one thouwhat, but after he had dispersed the sand depositors were in front of the gathering it was too late for him to doors. Leonard Tasquallicio, president attend the rally. of the bank, demanded the reason for

6. November 6, 1928 The Indianapolis News Indianapolis, IN
Article from The Indianapolis News, November 6, 1928

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Article Text

"Pope for Hoover" Rumor Causes Big Run on Bank ERIE, Pa., November 6 run on the Bank of Italy, authorities say, by circulation of politleal that the pope in Rome had indorsed Herbert Hoover for the presidency was halted after more han $4,000 had been withdrawn. More than 1,000 depositors were in front of the doors one time. Leonard president of the bank, demanded the reason for the gathering and was showered with the pope as indorsing Hoover. He then refused to pay out additional money and in placating the crowd. to several depositors the circulars obtained political In addition to saying the pope had indorsed Hoover, the circulars Tasquallicio, who was to have addressed rally, was about to depart for Italy with the bank before bank's depositors calmed them somewhat but after he had dispersed the gathering it was too late for him to attend the rally

7. November 6, 1928 The Huntington Press Huntington, IN
Article from The Huntington Press, November 6, 1928

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Article Text

RUN STARTS ON BANK OF ITALY ERIE, Nov. the bank of Italy, recipitated, authorclaim, through the circulation political propaganda that the Pope Rome had endorsed Herbert Hoover the was halted tonight more than $4,000 had been during the late hours. The run the bank started at closing time. When the bank reopened its doors tonight more than one thousand depositors were front of the doors. Leonard Tasquallicio, president of bank, demanded the reason for the gathering and was showered with pamphlets citing the Pope endorsing Hoover. then refused pay additional monies and succeeded in placating the crowd. According several the depositors the circulars were secured political rally end addition stating that the Pope had endorsed Hoover that Tasquallicio, was addressRepublican rally tonight, was about depart for Italy with the bank funds.

8. November 6, 1928 The Boston Daily Globe Boston, MA
Article from The Boston Daily Globe, November 6, 1928

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Article Text

RUN ON BANK AT ERIE, PENN, HALTS Started by Story That Pope Indorsed Hoover ERIE. Penn. Nov 6 (A. P.)-A run on the Bank of Italy, precipitated, authorities claim, through the circulation of political propaganda that the Pope had indorsed Herbert Hoover for the Presidency, was halted last night after more than $4000 had been withdrawn during the last afternoon hours. The run started at closing time. When the bank reopened its doors last night more than 1000 depositors were in front of the doors. Leonard Tasquallicio, president of the bank, demanded the reason for the gathering and was showered with pamphlets ing the Pope as indorsing Hoover. He then refused to pay out additional money and succeeded in placating the crowd. According to several of the depositors the circulars were at politirally and in addition Hoover they that the Pope had that Tasquallicio, who was to have addressed Republican rally last night, was about to depart for Italy with the bank funds. Tasquallicio's depositors before the calmed appearance them somewhat, but after he had dispersed the was too late for him to attend the rally.

9. November 6, 1928 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, November 6, 1928

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Article Text

POLITICS CAUSE BANK RUN Page's Alleged Indorsement of HeoGiven -- Cause. ERIE. Nov. (#)-A run on the Bank Italy thorities claim. through the circulation of political propaganda that the pope Rome had indorsed Herbert halted the presidency, tonight more than $4000 had been withdrawn during hours. The run on the bank started at closing time. the bank opened Its tonight more front of the doors president of demanded the reason for the pope as indorsing Hoover He refused pay out placating the

10. November 6, 1928 The Ogden Standard-Examiner Ogden, UT
Article from The Ogden Standard-Examiner, November 6, 1928

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Article Text

PRESIDENT CHECKS BANK OF ITALY RUN ERIE Pa., Nov. run on the Bank of Italy, precipitated, authorities claim, through the of political propaganda that the of had indorsed for the presidency, was halted after than $4000 been withdrawn during the late afternoon hours. The run the bank started at closing time. the bank reopened its doors more than 1000 depositors were in front of the doors. Leonard Tasquallicio, president of the bank, demanded the reason for the gathering and was citing the pope as indorsing Hoover He then refused to pay out additional and succeeded in placating the According to several of the derally and in addition to stating that the pope had indorsed Hoover said that who was to addressed Republican rally Monday night about depart for Italy the bank funds. before the bank's calmed them but after he had the gatHering it was late for him to attend the rully.

11. November 6, 1928 The Buffalo Times Buffalo, NY
Article from The Buffalo Times, November 6, 1928

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Article Text

Election Propaganda Starts Run on Bank of Italy at Erie By Associated Press. ERIE. Pa., Nov. 6.-A run on the bank of Italy. precipitated. authorities claim through the circulation of political propaganda that the Pope of Rome had endorsed Herbert for the Presidency. was halted last night after more than $4,000 had been withdrawn during the late afternoon hours. The run on the bank started at closing time. When the bank reopened its than one deposiwere in front of the doors Leonard Tasquallicio, president of the bank, demanded the reason for the gathering and was showered with pamphlets cit- :ng the Pope as endorsing Hoover. He then refused to pay out additional monies and succeeded in placating the crowd. According to several of the depositors the circulars were at political rally and in addition to stating that the pope had endorsed Hoover they said that Tasquallicio. who was to have addressed Republican rally, was about to depart Italy with the bank appearance before depositors calmed them somewhat, but after he had dispersed the gathering it was too late for him to atend the rally.