19289. East End Savings & Trust Company (Pittsburg, PA)

Bank Information

Episode Type
Run Only
Bank Type
trust company
Start Date
March 5, 1915
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini
Short Digest
74c76bd8

Response Measures

None

Description

Multiple articles (Mar 5–11, 1915) report a run on East End Savings & Trust Company in East Liberty/Pittsburg following the closing of the German National Bank by the Comptroller. No articles mention a suspension, receivership, or reopening for East End, so this is classified as a run-only episode. Date taken as early March 1915 (first report Mar 5, 1915).

Events (1)

1. March 5, 1915 Run
Cause
Local Banks
Cause Details
Run was triggered by the closing of the German National Bank of Pittsburgh by the Comptroller of the Currency; depositors apparently reacted to that local bank failure.
Newspaper Excerpt
Closing of the German National bank of Pittsburg by order of the comptroller of the currency today was followed by a run on the East End Savings and Trust company.
Source
newspapers

Newspaper Articles (3)

Article from The Sentinel=record, March 5, 1915

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Article Text

PITTSBURG BANK CLOSED Pittsburg, March .-Closing of the German National bank ob Pittsburg by order of the momptroller of the currency today was followed by a run on the East End Savings and Trust company. Officers and directors of the German National are indentified closely with the Pittsburg Brewing company, whose securities have fallen in value recently because, it is said. of pro hibition in West Virginia and theextension of the local option territory in eastern Ohio. The German National December 31 reported deposits of $5,024,923 and surplus and undivided profits of $94. 265. It is capitalized as $500,000.


Article from Warren Sheaf, March 10, 1915

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Article Text

Summary of Most Important News Events European War News French ministry of marine announced at Paris that a German submarine probably had been destroyed in the English chann by a French cruiser. British statement says the U-8 had been sunk off Dover. French captured a fort and trench in Alsace, captured a company of Prussian guards and 600 meters of trenches in the Perthes region and regained ground north of Arras, and the allies have repulsed 12 attacks of Germans in Belgium, according to statement issued by the war office at Paris. According to the London Daily Ex. press it is reported the Dutch steamer Noorderdyk, which was returning to Rotterdam with broken machinery, after having sailed for the United States, has been torpedoed in the Eng. glish channel. Four thousand Canadian troops have reached the British Isles on the steamers Megantic, Southland and Missanabie. Their safe arrival was announced at Montreal. The steamer Pacific, carrying cot. ton from Galveston for Rotterdam, has been held up by a British warship and taken to Deal, according to a message received at Boston by the Emery Steamship company, owners of the vessel. The Bucharest correspondent of the London Evening News telegraphed that the Russian offensive movement in Galicia had forced the Austrians to evacuate Czernowitz, the capital of Bukowina. British troops suffered heavy losses south of Ypres. Attempts by French to regain ground in district of Badonvillers failed. French lost over one thousand killed northeast of Celles, according to a statement issued by the war office at Berlin. Official dispatches received at Washington announce that the Turks are erecting fortifications all along the Sea of Marmora, and massing for a desperate defense of Constantinople. Ambassador Morgenthau is trying to have a neutral zone delimited in case the allied forces reach Constantinople. The German submarine U-18 has been sunk by destroyer belonging to the Dover flotilla, according to announcement by the French ministry of marine at Paris. Members of the crew were taken prisoners. Domestic Helen Burke, eight-year-old daughter of Clarence Burke. held by the po, lice of Aurora, III., on suspicion of slaying Emma Peterson, told Chief Michels her father did not come home the night of the murder, and that he had blood on his hands and coat sleeves. William Rockefeller, who is said to be ill at Jekyl island, Ga., entered through counsel a tentative plea of not guilty at New York to the superseding indictment charging him, as a director of the New York, New Haven & Hartford railroad, with violating the Sherman antitrust law. The North Dakota legislature passed the measure abolishing capital punishment and sent the measure to the governor, who is expected to sign it at once. The legislature adjourned. a Princeton university will offer voluntary course in military training after Easter. The closing of the German National bank of Pittsburgh, Pa., by order of the comptroller of the currency was followed by a run on the East End Savings and Trust company in East Liberty. The German National December 31 reported deposits of $5.024,923 and surplus and undivided profits of $594,265. It is capitalized at $500,000. Brigadier General Scott, chief of staff of the army, left Washington for Utah to attempt a peaceful settlement with the recalcitrant Plute Indians. Nine men had been taken alive and one dead from the Layland mines of the New River & Pocahontas Coal company of Hinton, W. Va., after an explosion. Majority of the men entombed, about seventeen in number, are Americans. Johnny Bingham and George Wakefield, two ex-convicts of international repute, believed to be the ringleaders in the $386,000 robbery of the branch


Article from Audubon Republican, March 11, 1915

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Article Text

Princeton university will offer a voluntary course in military training after Easter. ... An indorsement of President Wilson's European war policy was tabled in the senate of the Iowa législature by a vote of 28 to 9. . The closing of the German National bank of Pittsburgh, Pa., by order of the comptroller of the currency was followed by a run on the East End Savings and Trust company in East Liberty. The German National December 31 reported deposits of $5,024,923 and surplus and undivided profits of $594,265. It is capitalized at $500,000. Chief of Police George E. Pierce of Sioux City, Ia., was arrested on a warrant charging the acceptance of $55 bribe from S. W. Neis, a hotelkeeper, to allow Neis to carry on an illegal sale of liquor. He was released under $500 bonds. ... Frank Abarno and Charles Carbone, the two anarchists arrested in connection with the plot to blow up St. Patrick's cathedral in New York, were indicted by the grand jury. Under the law they can be sentenced to 25 years if found guilty. ... Three indictments charging the 11legal transportation of dynamite in interstate commerce have been returned by the federal grand jury at Boston against Werner Horn, who attempted to destroy the international railway bridge at Vanceboro, Me. ... Governor Carlson of Colorado signed the bill providing statutory penalties for the enforcement of the state-wide prohibition constitutional amendment, which becomes effective January 1, 1916. ... "Three officials of the HamburgAmerican line, indicted on charge of defrauding the U.S. by means of false manifests issued to ships sent with supplies for German cruisers, pleaded not guilty at New York. They were released in $5,000 bail each.