18882. Union National Bank (New Brighton, PA)

View Charter #4549 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4549
Charter Number
4549
Start Date
October 30, 1907
Location
New Brighton, Pennsylvania (40.730, -80.310)

Metadata

Model
gpt-5-mini
Short Digest
e64ccb36

Response Measures

Accommodated withdrawals

Other: Depositors returned funds the next day after guarding them overnight.

Description

A brief, rumor-driven run occurred when a Hungarian woman misinterpreted a garbage sign and shouted that the bank was 'no good.' Depositors were promptly paid in silver and most returned funds the next day; there is no mention of suspension or receivership.

Events (2)
1. April 11, 1891 Chartered
Source
historical_nic
2. October 30, 1907 Run
Cause
Rumor Or Misinformation
Cause Details
A Hungarian woman misread a garbage dump sign and told workmen the bank was 'no good,' triggering panic withdrawals.
Random Run
Yes
Random Run Snippet
Woman misread garbage sign; shouted 'No interest... it's no good'; false.
Measures
Depositors were promptly paid in silver; bank honored withdrawals and customers later returned funds.
Newspaper Excerpt
A Hungarian woman misinterpreted a garbage dump sign and ... shouted: No interest at the bank. Its no good. The foreign workmen ... rushed to the bank. All were promptly paid in silver. Today nearly all took their money back after spending a sleepless night guarding it.
Source
newspapers

Newspaper Articles (2)
1. October 31, 1907 Daily Press Newport News, VA
Article from Daily Press, October 31, 1907

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Article Text

HUNS HAD TO TAKE OFF SHIRTS TO CARRY SILVER Ignorance Led to Run on New Brighton, Pa., Bank, But Depositors Returned Money. (By Associated Press.) NEW BRIGHTON, PA., Oct. 30.-A large* bulk of silver coin was taken back to the Union National Bank today by foreigners who panie stricken yesterday made a run on the institution. A Hungarian woman misinterpreted a garbage dump sign and running to a manufacturing plant shouted: "No interest at the bank. Its no good." The foreign workmen. hatless and coatless, rushed to the Lank. All were promptly paid in silver. Some of them had so much that they had to take off their shirts to make money bags. Today. nearly all took their money back after spending a sleepless night guarding it.

2. November 2, 1907 The Free Lance Fredericksburg, VA
Article from The Free Lance, November 2, 1907

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Article Text

Garbage Sign Caused Run On Bank. New Brighton, Pa., Oct. 31.-A large bulk of silver coin was taken back to the Union National bank by foreign. ers who, panic-stricken Tuesday, made a run on the institution. A Hungarian woman misinterpreted a garbage dump sign, and running to a manufacturing plant shouted: "No interest at the bank. It's no good." The foreign workmen, hatless and coatless, rushed to the bank. All were promptly paid in silver. Some had 80 much that they had to take off their shirts to make money bags. Wednesday nearly all took their money back after spending a sleepless night guarding it. it