19606. Wilkesbarre Deposit and Savings Bank (Wilkes-Barre, PA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
August 8, 1904
Location
Wilkes-Barre, Pennsylvania (41.246, -75.881)

Metadata

Model
gpt-5-mini
Short Digest
c78cb904

Response Measures

None

Description

Contemporary newspapers report a single-day run (Aug 8, 1904) sparked by an 'idle rumor' that the bank had been robbed. Officials invoked the 60-day notice rule for savings deposits and refused payouts; depositors were largely pacified and left. No suspension, receivership, or permanent closure is mentioned.

Events (1)
1. August 8, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
An 'idle rumor' spread by a foreigner that the bank had been robbed prompted about 300 savings depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
foreigner spread rumor bank robbed; proved idle, depositors pacified
Measures
Officials invoked the law requiring sixty days' notice for savings deposits and refused to pay out; police presence and pacification of depositors.
Newspaper Excerpt
Through an idle rumor the Wilkesbarre Deposit and Savings Bank was today subjected to a run on the part of about three hundred foreign depositors. ... a foreigner at once spread the news that the bank had been robbed, and the run ensued.
Source
newspapers

Newspaper Articles (10)
1. August 8, 1904 Evening Star Washington, DC
Article from Evening Star, August 8, 1904

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Article Text

Idle Rumor Started Bank Run. WILKESBARRE. Pa., August 8.-Through an idle rumor the Wilkesbarre Deposit and Savings Bank was today subjected to a run on the part of about three hundred foreign depositors. Two policemen were seen in front of the bank, and a foreigner at once spread the news that the bank had been robbed, and the run ensued. All were savings deposits, and the bank officials, taking advantage of the law which requires a sixty-day notice from depositors of this class, refused to pay out any money. After a short time the majority were pacified and left the bank.

2. August 9, 1904 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, August 9, 1904

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Article Text

RUN ON THE BANK. Idle Rumor Causes Panic Among Savings Depositors. Wilkesbarre, August 8.-Through an ille rumor the Wilkesabrre Deposit and Savings bank was today subjected to I run on the part of about three hundred foreign depositors. Two policemen were seen in front of the bark and a foreigner at once spread the news that the bank had been robbed, and the run ensued. All were saving deposits, and the baik officials, taking advantage of the lav which requires sixty days' notice from depositors of this class, refused to pay out any money. After a short tine the majority were pacified and lef the bank.

3. August 9, 1904 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, August 9, 1904

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Article Text

Rumor Causes Run on Bank. Wilkesbarre, Pa., Aug. 8.-Through an idle rumor the Wilkesbarre Deposit and Savings Bank was today subjected to a run on the part of about 300 foreign depositors. Two policemen were

4. August 10, 1904 Evening Star Washington, DC
Article from Evening Star, August 10, 1904

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Article Text

Bank Run Started by a Rumor. A dispatch from Wilkesbarre, Pa., last night says: Through an idle rumor the Wilkesbarre Deposit and Savings Bank was today subjected to a run on the part of about 300 foreign depositors. Two policemen were seen in front of the bank, and a foreigner at once spread the news that the bank had been robbed, and the run ensued. All were savings deposits, and the bank officials, taking advantage of the law, which requires a sixty-day notice from depositors of this class, refused to pay out any money. After a short time the majority were pactfied and left the bank.

5. August 11, 1904 The Citizen-Republican Scotland, Parkston, SD
Article from The Citizen-Republican, August 11, 1904

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Article Text

Run on Pennsylvania Bank. Wilkesbarre, Pa., Aug. 8.-Through idle rumors the Wilkesbarre Deposit and Savings bank, was today subjected to a run on the part of 300 foreign depositors. The officials took advantage of the law requiring sixty days notice and the run was checked

6. August 12, 1904 The Mitchell Capital Mitchell, SD
Article from The Mitchell Capital, August 12, 1904

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Article Text

Run on Pennsylvania Bank. Wilkesbarre, Pa., Aug. 8.-Through idle rumors the Wilkesbarre Deposit and Savings bank, was today subjected to a run on the part of 300 foreign depositors. The officials took advantage of the law requiring sixty days notice and the run was checked

7. August 12, 1904 The Kimball Graphic Kimball, SD
Article from The Kimball Graphic, August 12, 1904

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Article Text

Run on Pennsylvania Bank. Wilkesbarre, Pa., Aug. S.-Through idle rumors the Wilkesbarre Deposit and Savings bank, was today subjected to a run on the part of 300 foreign depositors. The officials took advantage of the law requiring sixty days notice and the run was checked

8. August 16, 1904 The Morris County Chronicle Morristown, NJ
Article from The Morris County Chronicle, August 16, 1904

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Article Text

DOMESTIC. Robbers dynamited the Woodmere (L. I.) postoffice and shot at a woman. Former Governor of Illinois Joseph W. Fife, slipped on a wet pavement at Charlevoix, Mich., and broke his arm. A gas well was struck at Huntington, W. Va., at a depth of 900 feet, capable of producing 8,000,000 feet daily. A lock-out of all the building trades workers in Hartford, Conn., due to a dispute over seventy-five cents in wages, was declared. The body of ex-Senator Vest was buried in St. Louis. Fearing he was losing his sight, Theodore Hilmer, of New York City, weighted himself and leaped into the East River. The special board appointed by President Roosevelt recommended that all wireless telegraph stations on the coasts, insular possessions and the Panama Canal zone be put under control of the navy. Idle rumor that it had been robbed caused a run on the Wilkesbarre (Pa.) Deposit and Savings Bank. China, Pembroke and Webster cotton mills at Suncook, N. H., start up after shutdown of two weeks. Of the 269 generals on the retired list of the United States Army, 120 were in service for less than a month before retirement. Captain Maguire and a priest, in charge of a camp of cadets, at Huntington, Long Island, were arrested on a charge of having ordered the ducking of some men who built a bonfire near the camp. Many of the fifty children on a blazing car at Coney Island, Long Island, were injured by jumping, and a fouryear-old girl was severely burned. A Santa Fe passenger train crashed into a crowded trolley car on a grade crossing in Kansas City, Missouri, killing one passenger and injuring ten. After her spars had been cut down to save her from wrec in a squall, the bark Kings County finally reached port at New York City. Charles M. Schwab returned from abroad, having been in Germany consulting with the Krupps on business. What is said to be the largest electro-magnet in the world has been installed in the Bridgeport (Connecticut) Hospital for extracting pieces of iron and steel from the eyes of machinists and other metal workers who may be injured. Charles Suss, of Rochester, N. Y., nearly lost his life at Atlantic City in a vain effort to save Solomon Lorwitz, of Philadelphia, Pa. Suss' son, who went to his father's ald, also narrowly escaped death. Matthew Driggers, a Union Army veteran, was hot and killed at Arcadia, Fla., by his intoxicated son, who was lodged in jail.

9. August 19, 1904 The Olneyville Times Providence, RI
Article from The Olneyville Times, August 19, 1904

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Article Text

DOMESTIC. Robbers dynamited the Woodmere (L. I.) postoffice and shot at a woman. Former Governor of Illinois Joseph W. Fife, slipped on a wet pavement at Charlevoix, Mich., and broke his arm. A gas well was struck at Huntington, W. Va., at a depth of 900 feet, capable of producing 8,000,000 feet daily. A lock-out of all the building trades workers in Hartford, Conn., due to a dispute over seventy-five cents in wages, was declared. The body of ex-Senator Vest was buried in St. Louis. Fearing he was losing his sight, Theodore Hilmer, of New York City, weighted himself and leaped into the East River. The special board appointed by President Roosevelt recommended that all Wireless telegraph stations on the coasts, insular possessions and the Panama Canal zone be put under control of the navy. Idle rumor that it had been robbed caused a run on the Wilkesbarre (Pa.) Deposit and Savings Bank. China, Pembroke and Webster cotton mills at Suncook, N. H., start up after shutdown of two weeks. Of the 269 generals on the retired list of the United States Army. 120 were in service for less than a month before retirement. Captain Maguire and a priest, in charge of a camp of cadets, at Huntington, Long Island, were arrested on a charge of having ordered the ducking of some men who built a bonfire near the camp. Many of the fifty children on a blazing car at Coney Island, Long Island, were injured by jumping, and a fouryear-old girl was severely burned. A Santa Fe passenger train crashed into a crowded trolley car on a grade crossing in Kansas City, Missouri, killing one passenger and injuring ten. After her spars had been cut down to save her from wrec in a squall, the bark Kings County finally reached port at New York City. Charles M. Schwab returned from abroad, having been in Germany consulting with the Krupps on business. What is said to be the largest electro-magnet in the world has been installed in the Bridgeport (Connecticut) Hospital for extracting pieces of iron and steel from the eyes of machinists and other metal workers who may be injured. Charles Suss, of Rochester, N. Y., nearly lost his life at Atlantic City in a vain effort to save Solomon Lorwitz, of Philadelphia, Pa. Suss' son. who went to his father's aid, also narrowly escaped death. Matthew Driggers, a Union Army veteran, was hot and killed at Arcadia. Fla., by his intoxicated son, who was lodged in jail.

10. August 31, 1904 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, August 31, 1904

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Article Text

DOMESTIC. Fearing he was losing his sight Theodore Hilmer, of New York City: weighted himself and leaped into the East River. The special board appointed by President Roosevelt recommended that all wireless telegraph stations on the coasts, insular possessions and the Panama Canal zone be put under con trol of the navy. Idle rumor that it had been robbed caused a run on the Wilkesbarre (Pa.] Deposit and Savings Bank. China, Pembroke and Webster cotton mills at Suncook, N. H., start up after shutdown of two weeks. Of the 269 generals on the retired list of the United States Army. 120 were in service for less than a month before retirement. Captain Maguire and a priest, in charge of a camp of cadets, at Hunt ington, Long Island. were arrested on a charge of having ordered the duck ing of some men who built a bonfire near the camp. Many of the fifty children on blaz ing car at Coney Island. Long Island were injured by jumping, and a fouryear-old girl was severely burned. A Santa Fe passenger train crashed into a crowded trolley cai on a grade crossing in Kansas City, Missouri, killing one passenger and injuring ten. After her spars had been cut down to save her from wrec in a squall, the bark Kings County finally reached port at New York City. Charles M. Schwab returned from abroad, having been in Germany con sulting with the Krupps on business. What is said to be the largest clec. tro-magnet in the world has been in stalled in the Bridgeport (Connecticut) Hospital for extracting pieces of iron and steel from the eyes of machinists and other metal workers who may be injured. Charles Suss. of Rochester, N. Y.: nearly lost his life at Atlantic City in a vain effort to save Solomon Lorwitz of Philadelphia, Pa. Suss' son. who went to his father's aid, also narrowly escaped death. Matthew Driggers, a Union Army veteran. was hot and killed at Arcadia Fla., by his intoxicated son, who was lodged in jail. A Wilkesbarre. Pa.. jury decided that George R. Davis. whose wife, formerly Helen C. Gallatin. obtained a divorce from him. must pay more than $2200 for dress bills she contracted after he deserted her. Captain Passow. master of the steam. ship St. Paul, was held on counsel's parole for the Federal Grand Jury or charge of allowing an excluded immigrant to escape. Vandals in a raid on the estate ot Mr. Payne Whitney. at Manhasset, L I., laid waste half of a three-acre tract of fruits and vegetables. Thirty-three passengers and four trainmen were injured in a collision on the Louisville and Nashville Railroad near Horse Cave, Ky. The village of Dresden. N. Y., was put under quarantine on account of an epidemic of varioloid.