Dollar Savings Bank - Pittsburg, PA

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: June 16, 1882
Location: Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model: gpt-5-mini
Short Digest: 1b88039d

Response Measures

None

Description

Article (Daily Republican, 1882-06-17) reports increased withdrawal notices at Dollar Savings Bank in Pittsburg tied to a local strike. No suspension, closure, or reopening is mentioned. OCR/spelling: newspaper uses Pittsburg (historic variant); bank name appears consistent.

Events (1)

1. June 16, 1882 Run

Cause: Local Shock
Cause Details: Increased withdrawals attributed to local labor strike and related economic anxiety among workingmen since June 1.
Newspaper Excerpt: at the Dollar Savings Bank, which is patronized very largely by working men and small depositors the notice, of withdrawals of all or part of deposits have increased over 10 per cent. since June 1.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1882 Daily Republican Wilmington, DE

Article from Daily Republican, June 17, 1882

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Article Text

Troubles with Workingmen. PITTSBURG, June 16.-The experiment of working with non-union men, which was tried at the Superior Rail Mill in Allegheny last week, did not prove very satisfactory, and on Saturday the firm was obliged to shut down. This morning, however, a fresh start was made with sixty men, only two of whom are skilled workers. The Universal Plate Mill was put in operation and one heating furnace was fired up, and during the entire day the work of rolling etrap faggots into plate for tops and bottoms went steadily on. This is very easy and simple operation in mill work. The principal proprietor, Mr. Kloman, acted as boss roller and was assisted by the office clerks. Great difficulty was encountered on account of the inexperience of the men, but Mr. Kloman in the evening ex. pressed himself as satisfied with. the result, and said that to-morrow he would begin rolling finished iron. Another heating furnace will be started to-morrow and in two weeks the entire mill will be working single turn. At Mountville, W. Va., the Andrew Kloman iron and steel mill will resume with non-union men early next week. Its product is muck iron and railroad spikes. At Apollo, Penr., the rolling mill of Laufman & Co. resumed work yesterday in one department. The striking employes of this firm, who occupy its tenements, have been informed that they must give up their houses unless they go to work at the old wages. In labor circles the announcement from St. Louis that President Jarrett of the Amalgamated Association says that he will not be a candidate for reelection, has caused much talk. It is notorious that Jarrett does not approve of the present demands of the iron workers. The strike to-morrow enters upon its third week. General business according to all reports, has not been affected. A significant fact, however, is that at the Dollar Savings Bank, which is patronized very largely by working men and small depositors the notice, of withdrawals of all or part of deposits have increased over 10 per cent. since June 1. Business men have expressed the opinion that the strike would affect them very seriously if it lasts two weeks longer.