18845. Crawford County Trust Company (Meadville, PA)

Bank Information

Episode Type
Run Only
Bank Type
trust company
Start Date
January 24, 1905
Location
Meadville, Pennsylvania (41.648, -80.148)

Metadata

Model
gpt-5-mini
Short Digest
fefb691c

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Multiple contemporary reports (Jan 24–25, 1905) describe a short-lived run driven by a 'senseless rumor' about the suicide of an officer of another trust company. The bank stayed open past closing, had ample funds on hand and was reported fully prepared to meet demands. No suspension or closure is reported.

Events (1)

1. January 24, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
A local depositor told he had withdrawn funds because of the reported suicide of an officer of the City Savings Fund and Trust Co. of Lancaster and (wrongly) associated all trust companies.
Measures
Bank remained open past normal closing (open until after 4 p.m.) and officials publicly reassured depositors; reported funds on hand and at other banks to meet demands.
Newspaper Excerpt
Because of what President A. M. Fuller declares a senseless rumor, a run was made on the Crawford County Trust Company Bank, principally by small depositors.
Source
newspapers

Newspaper Articles (3)

Article from Evening Journal, January 25, 1905

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Article Text

Rumor Starts Run On Bank. Meadville, Pa., Jan. 25.-Because of what President A. M. Fuller declares a senseless rumor, a run was made on the Crawford County Trust Company Bank, principally by small depositors. The deposits of the day were but little less than usual, and the bank, due to close for the day at 3 p. m., continued open until after 4 o'clock. The run is supposed to have been started by a local depositor telling that he had drawn his money because of the death of an officer of the City Savings Fund and Trust Company, of Lancaster, Pa. He associated the trust companies as co-operative.


Article from The Stark County Democrat, January 27, 1905

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Article Text

RUN ON BANK Started by What is Called a "Senseless Rumor." Meadville, Pa, Jan. 24.-Because of what President A. M. Fuller charac. terized as a "senseless rumor" a run was started today on the Crawford County Trust company's bank. It was participated in principally by small depositors. The deposits of the day were little less than usual and the bank remained open until after 4 o'clock. The bank had in its vault Saturday night $70,156 and on call in other banks $141,388. The run is supposed to have been started by a local depositor telling that he had drawn his money because of the suicide of an officer of the City Savings Fund and Trust Co., of Lancaster, Pa., he asserting that all trust companies were COoperative. President Fuller and Cashier J. M. Dunbar said tonight that the bank is fully prepared to meet every demand.


Article from Butler Citizen, February 2, 1905

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Article Text

secure their receipt books at the CITIZEN office. and persons making public sales their note books. LOCAL AND GENERAL. One little-two little Three little babies All at the County Home. Two are twine With very white skins. But the black one goes it alone. -Groundhog day. -Will he see his shadow. -Good ice crop this season. -Big party at Great Belt, tonight. -Tuesday week is St. Valentine's day. -The groundhog is taking his annual peep. -Nobody is hankering for six weeks more of winter. -A deer is reported to have been seen in the Pine Tract. -From now on the political liar will work double tarn. -It will be warmer, soon-the campaign has just begun. -The people of Butler are not hankering for a city charter. -Travel on all railroads just at present is exceedingly light. -This is the kind of weather that sends the tramps into jails. -Mars is well represented in town today. on account of a law suit. -An attempt was made to rob the Saxonburg postoffice last week. -The Hutzler Bros. wish to sell their store at Denny's Mills. See adv. -Postmaster Robinson took charge of the Butler postoffice yesterday morn'ing. -A good way to forget your own troubles is to remember the other fellow's. -Three years have passed since the Biddles were killed near ProspectJanuary 81st. -The Elks' Huskin-bee was a great success. the corn was shocked in the centre of the room. -The old-time spelling match is being revived in some places as a popular form of amusement. -Callery had burglars again, last Wednesday night, and some express packages were stolen. -There will be a social in the Sunday School room of Grace Lutheran church, Friday evening. -J. G. & W. Campbell have just received a car load of Cypher Incubators, which give good satisfaction. -The net earnings of the U. S. Steel Corporation for the last quarter of last year were $21,458,734. Isn't that some? New York policeman was at the right spot at the right moment the other day, and a man from a third-story window fell upon him. -They had a blizzard in the Klondike, last week, something extraordina1y; and it was 20 below zero on the top of the Alleghenies the other morning. -Meadville was in the papers, last week. It had a bank-run. A report regarding the Crawford County Trust Co. caused a run on it, but it was soon over. -The chicken show will begin next Wednesday morning, at corner of Main and Cunningham streets, Butler. Over three hundred entries had been made, up to yesterday, and the'competition for the prizes will be strong. -A Butler bar-keep was the first to bid on that four-million dollar diamond lately found in South Africa, but the chances are that Rockefeller will get it It weighs three thousand carats, and then some-or about three pounds. -The frost extended over the Southern States and killed the growing vegetables, which will come higher this spring. The fall of snow, however,was heaviest along the coast, last week, and delayed travel. New York was shut-in for two days. -Six pension papers mailed from Batler to Pension Agent Nesbit in Pittsburg, last month, did not reach their destination. The pensions for the quarter were paid, but new vouchers had to be made out. The management of the Pittsburg postoffice is said to be "on the bum." -People interested in astronomy should know that the two brilliant objects in the western sky these evenings are the planets Venus and Jupiter. V6nus is the farthest west, and is the brightest on account of being comparatively near us; but Jupiter is the whale of the known worlds, and her fifth moon has lately been discovered. -W. D. Bovard of New Hope served on the jury last week and during a visit to our office said that in Slipperyrock creek sulphur water from the mines in the Hilliard Valley has killed off all the fish above the Kiester dam except carp. which it does not affect. At the Hogg dam carp weighing 15 pounds may be ehot. When the dam is frozen thick with ice the big fish crowd to the gate feeding the mill race for air and can be taken out with a garden rake. The sulphur has also had the effect of clarifying the water 80 that the bottom can be plainly seen where the water is ten feet deep. Slipperyrock creek was always famous for its pike; but carp, which destroy the spawn, sulphur water and salt water formed a trio too strong for the big game fish. At rare intervals one is still caught, but never further up stream than the Etna mills