19620. Dime Savings Institution (York, PA)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
savings bank
Start Date
March 6, 1879
Location
York, Pennsylvania (39.963, -76.728)

Metadata

Model
gpt-5-mini
Short Digest
c3e1f5f0

Response Measures

Full suspension

Other: Bank suspended after run; trustees instructed to collect outstanding paper; later reopened to pay depositors 50%.

Description

Multiple contemporaneous reports state the Dime Savings (Institution/Bank) of York, PA suspended on March 6, 1879 'owing to a run' and then reopened March 31, 1879 to pay depositors 50%. No specific misinformation or external correspondent failure is cited; trustees moved to collect outstanding paper to meet liabilities.

Events (3)

1. March 6, 1879 Run
Cause Details
Heavy withdrawals (run) on March 6; article states suspension was 'owing to a run' but gives no clear trigger such as rumor or correspondent failure.
Measures
Trustees advised by majority of stockholders to collect outstanding paper promptly to meet liabilities; later suspended then reopened to pay depositors.
Newspaper Excerpt
A BANK BROKEN BY A RUN. YORK, Penn., March 6.-The Dime Savings Bank suspended to-day, owing to a run.
Source
newspapers
2. March 6, 1879 Suspension
Cause Details
Suspension followed the run and was undertaken to collect outstanding paper and settle liabilities; press reports mention possible partial payout value (75-80 cents estimate).
Newspaper Excerpt
The Dime savings bank at York, Pennsylvania, has suspended. It will probably pay 75 or 80 cents on the dollar.
Source
newspapers
3. March 31, 1879 Reopening
Newspaper Excerpt
The Dime Savings Institution of this place opened its doors this morning for the purpose of paying its depositors 50 per cent of their deposits. About $20,000 was paid out to-day.
Source
newspapers

Newspaper Articles (13)

Article from The Cheyenne Daily Leader, March 7, 1879

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CONDENSED TELEGRAMS. The widow and daughter of Bayard Taylor have arrived at New York from Germany. The Dime savings bank at York, Pennsylvania, has suspended. It will probably pay 75 or 80 cents on the dollar. A fire broke out Thursday night in Trafion's block, Fairfield, Me., which destroyed five buildings. The flames were still raging, with heavy wind, at last accounts. The butter, cheese and egg convention in Chicago on Thursday denounced the Union Pacific and other roads, claiming that extortionate rates are charged for the transportation of goods to the west.


Article from Wheeling Register, March 7, 1879

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CREAM OF THE NEWS Gathered from Our Dispatches. A very destructive rain storm prevailed in the interior of California, yesterday. Randall and Blackburn are reported to be the most prominent candidates for the Speakership of the next House of Representatives. Rev. Martin Kendige, Vicar General of Milwaukee, died in that city yesterday. The Catholic elergy of Newport, R. I., are in favor of taking up a collection in aid of Archbishop Purcell Major Reno has been completely exonerated by the court of inqutry which investigated his conduct in the battle of the Little Big Horn. The news of the death of the Ameer of Afghanistan is again confirmed. After his death a bloody conflict broke out among the followers of the various pretenders to the throne, which ended in a victory for Yakoob Kahn. Michigan Republican State Convention met at Lansing, yesterday, and nominated a State ticket. Samuel Hunter was found dead in Pittsburgh, Wednesday night, and the attendant circumstances indicate that he was murdered. The widow and daughter of Bayard Taylor arrived at New York from Germany, yesterday. The Dime Savings Bank, of York, Pa., suspended yesterday. Will pay 75 cts. Subscriptions to four per cent. loan since Wednesday's report, $2,294,000.


Article from New-York Tribune, March 7, 1879

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A BANK BROKEN BY A RUN. YORK, Penn., March 6.-The Dime Savings Bank suspended to-day, owing to a run. The trustees have been advised by a majority of the stockholders to proceed as promptly as possible to collect outstanding paper, in order that there may be the least delay practicable 111 meeting the liabilities of the bank. It 18 sup posed the bank will pay 75 or 80 cents on the dollar.


Article from The Daily Dispatch, March 7, 1879

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Bank Suspension: YORK, PA., March 6.-The Dime Saving Bank suspended to-day.


Article from The Wheeling Daily Intelligencer, March 7, 1879

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ADDITIONAL TELEGRAPH. FINANCIAL WRECKS. GODCHAUX'S LIABILITIES. SAN FRANCISCO, March 6.-Additional attachments have been taken out against Godchaux & Co., 80, that the amounts now aggregate over three hundred thousand dollars. The difficulties of the firm have affected the dry goods firms of Kennedy & Durr and S. Mosgrove & Co. The attachments taken out against the former house amount altogether to $121,319, and against the latter $139,583. Mosgrove & Co. state that they have made arrangements with their creditors, by virtue of which they will be enabled in a few days to goon with their business. A SAVINGS BANK. York, PA., March 6.-The Dime Savings Bank suspended; supposed to pay 75 or 80 cents on the dollar.


Article from The Cincinnati Daily Star, March 7, 1879

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Electric Currents. Boyton lectured last night at Gallipolis, Ohio. The Dime Savings Bank suspended at York, Pa. Grafton's Block, Fairfield, Maine, destroyed by fire. John H. Keedy's flouring mill burned at South Bend, Ind. Charles Scott, aged four, was drowned at Silver Lake, Ind. Barney McElery perished in his burning house at Leroy, Mich. Patrick Murray lost hisarm in machinery at East Liverpool, O. Miss Sallie Mittong was burned to death near Summitville, Ind. Priestley Chadwick was fatally injured by a fall at Greencastle, Ind. Chas. Radowsky was crushed to death under a load of ore at Sandusky, O. Wm. Kusick's three-year-old daughter was scalded to death at Decatur, III. Hiram Tuttle fell from a load of hay and was fatally injured at Mt. Gilead, O. A man named Schottler, or Bender, was killed by cars at Upper Sandusky, O. Charlotte Leighton was arrested at Hastings, Mich., for starving an infant to death. Lemuel Short's barn, with fifteen horses and one jack, burned at Felix, III. Loss, $10,000. Oscar Boyd accidentally shot and killed himself while hunting muskrats at Washington, O. Alonzo Coad eloped with his brother's wife, Matilda, from St. Louisville, near Newark, O. Jerry Duncan fatally wounded Leonard Munsell with a harrow-tooth at Lintner Station, III. Twenty-five men were arrested and fined at Ironton, O., for participating in the recent cock-fight. e Martha Scruggs, a handsome school mistress, committed suicide at Cleburne, Texas. Love disappointment. e McFadden was sentenced to seventeen t years in the Penitentiary for killing a man n near Quincy, III., while drunk.


Article from Daily Globe, March 7, 1879

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The Dime Savings bank of York, Pa., has suspended. Supposed will pay 75 or S0 gents on the dollar.


Article from The Elk County Advocate, March 13, 1879

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-The Dime savings bank of York has suspended. The following notice was posted on the door: The demand upon the Dime savings institution during the past few days having been largely in excess of possible collections the trustees have been advised by a majority of the stockholders, in justice to all depositors to proceed as promptly as possible to collect its outstanding maturing paper in order that there may be the least delay practicable in meeting its liabilities. The liabilities are not yet known, but it is supposed the bank will pay 75 or 80 cents on the dollar.


Article from American Citizen, March 15, 1879

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It is reported, upon the alleged authority of Prof. Botken, the Czar's private physician, that a true case of the plague has occurred in St. Petersburg. 1 The Keokuk and Northern Line steamers Lake Superior and Dubuque were burned at Alton, III., on the 4th. The steamers were lying together, undegoing some repairs. The cause of the fire is not known. The boats were valued at about $20,000 each and were not insured. Fred. Foss, engineer, and Wm. Morgan, fireman, were killed by an accident on the Vandalia Road, near East St. Louis, on the evening of the 4th. The house of Peter Drouillard, a French farmer living near Sandwich, Ontario, was burned on the night of the 1st, and his two daughters, aged 9 and 15, perished in the flames. The charred bodies of the two sisters were found in the smoking ruins, tightly clasped in each other's shriveled arms. Drouillard was severely burned in trying to save his children, who slept in an upper room. A traveling clock-peddler, who was stopping there for the night, was shockingly burned, but will recover. Rev. Sidney M. Stray, pastor of the Presbyterian Church at East Lake George, N. Y., was exhibiting a revolver to his wife, when it was discharged, wounding her. Thinking he had thus accidentally killed his wife, he placed the revolver to his own head and fired. Fortunately, the wounds of neither were very serious, and both will probably recover. Chief Moses has been indicted as accessory to the killing of one Perkins in Ya. kima County, Washington Territory, but he has escaped to his camp, and any effort to capture the wily chief, it is apprehended, will be resisted by all his followers. A dispatch from Calcutta says thousands of the natives are dying in Cashmere of famine. A saw-mill boiler exploded near Leav enworth, Ind., on the 3d, tearing the mill to pieces and badly injuring four men. Nineteen lives were lost by a recent explosion in Deep Drop Pit Colliery, Eng. land. Mrs. Margaret Witt, wife of George Witt, living near Kane, Greene County, was fatally burned on the evening of the 4th by the upsetting of a lamp, which her little child accidentally pulled the table. A premature explosion of nitroglycerine at Dutch Gap, James River, on the 5th, killed M.C. Haggerty, Government contractor for widening Dutch Gap, Elias Hall, superintendent of blasting operations, and one colored man. Sam Tolson, a colored man, was lynched near Roanoke, Howard County, Mo., on the 3d, for the murder of a white boy named Featherston, with but little or no provocation. A telegram from Tashkend states that after the death of Shere Ali at Mazari Sherif, a bloody conflict broke out among the fol, lowers of various pretenders to the Afghan throne, and the partisans of Yakoob Khan were victorious. Jonah Baughn was killed and two other men seriously injured by the explosion of a saw-mill boiler near Sullivan, Ill., on the 5th. The Dime Savings Bank of York, Pa., has suspended. It is supposed it will pay 75 or 80 cents on the dollar. A fire at East St. Louis, Ill., on the night of the 8th, destroyed several small buildings, among them a blacksmith and wagon shop, in which the fire originated, the unner floor of which was occupied as a


Article from The Newtown Bee, March 18, 1879

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NEWS SUMMARY. Eastern and Middle States. The great Vanderbilt will contest in New York has come to an abrupt conclusion through a compromise, by which, it is understood, the contestants-Cornelius Vanderbilt and Mrs. Berger, the late commodore's daughter--get $1,000,000 each and costs, and the will is to remain uncontested. The sudden close of the Vanderbilt will case caused much comment in New York ; and the counsel for William H. Vanderbilt denied that there had been any compromise with the contestants. Whitelaw Reid will be the orator and George Alfred Townsend the poet of the next meeting of the New York Press association, which is to be held at Rochester the third week in June. The Dime Savings bank, of York, Pa., has suspended. The New York society for the prevention of crime are raiding disorderly houses in that city. Five e closed one evening recently. James R. Keene, a well-known New York grain operator, says that a telegram to which his name was forged, was sent from that city to Chicago grain brokers, directing them to sell 3,000,000 bushels of wheat on his account. The sale caused a decline in wheat in Chicago from 96 cents to 93 cents a bushel. Mr. Keene said he repudiated the entire sale. At the eighteenth commencement of the Eclectic medical college, of the city of New York, two of the twenty<five graduates were ladies, Benjamin Shallcross, receiver of taxes for the twenty-third ward of Philadelphia, disappeared ; and an investigation brought to light a deficiency of $25,000 in his accounts. The Pennsylvania legislature adopted joint resolutions in honor of the late Bayard Taylor. 9 Prominent men of New York, Philadelphia I and Washington have been swindled out of various sums by three plausible individuals, a who represented themselves as a sub-committee engaged in collecting subscriptions for a national celebration in commemoration of the late Bayard Taylor, to be held in Washington. A dispatch from Eastport, Me., says the ship t Turkish Empire, 1,600 tons, West, master, from St. John to Dublin, with a cargo of deals, went ashore at Big Duck island, near Grand I Menan, and was a total loss. The captain and six men were drowned. The pilot and seven men were saved. 7 John P. M. Richards encountered two burS glars in his residence in New York, shot one of a them dead and captured the other. Rev. John Weiss, a well-known Boston lecg turer and essayist, is dead. 1 The twenty-fifth anniversary of the foundae tion of the company formed to lay the Atlantic cable was celebrated at the residence of Cyrus , W. Field in New York. Of the five original founders-Mr. Field, Peter Cooper, Moses Taylor, Marshall O. Roberts and Chandler White- all were present except the lasta named, who is dead. Among the hundreds in attendance were many faces well-known to e the country, including William M. Evarts, Samuel J. Tilden, Henry Ward Beecher and others. A few short addresses were made, out'the proceedings were mainly of an informal character. About one thousand persons were 1 present during the evening. About five hundred persons were present at n a town meeting in Mechanics' hall, North Berwick, Me., when a part of the floor suddenly gave way, precipitating 150 men a distance of h fourteen feet to the floor below. No one was killed outright, but many received frightful injuries, and the recovery of several was con1 sidered doubtful. Medical aid was immediately summoned from the adjoining towns, and everything possible done to alleviate the suf, ferings of the injured. e At an exciting meeting of the Brooklyn Presbytery, a committee made a report in regard to charges against the Rev. T. DeWitt a Talmage's methods of preaching and allegations that he " stands charged by common fame with falsehood and deceit." Seven speciV fications charging the reverend gentleman with untruthfulness in regard to his church and d other matters, were adopted, and his trial was ordered. Dr. Talmage was present and voted t to have the trial take place. At the Maine municipal elections the Republicans and hard-money Democrats elected their candidate for mayor of Belfast by ninety-one majority; the Republican candidate for mayor of Bangor was successful; there was W no election for mayor of Augusta, and a new a election was ordered, and in Biddeford the combined Democrats and Greenbackers elected the mayor by Bayen majority. Western and Sauthorn States


Article from New-York Tribune, April 1, 1879

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TELEGRAPHIC NOTES. A VERMONT BANK GOING OUT OF BUSINESS TROY, N. Y., March 31.-The National Bank of Poultney, Vt., suspended on Saturday for the purpose of set. thing up its affairs. It is said to be able to pay all its liablis ties. TO GET HALF THEIR MONEY NOW. YORK, Penn., March 31.-The Dime Savings Institution of this place opened its doors this morning for the purpose of paying its depositors 50 per cent of their deposits. About $20,000 was paid out to-day. MEMPHIS IN FAVOR OF A SLOW MAIL. MEMPHIS, Tenn., March 31.-At a joint meeting of the Chamber of Commerce and the Cotton Exchange, held this afternoon, resolutions were unanimously adopted protesting against any fast daily mail service on the Mississippi that will interfere with the mail contracts of local packets. A GUN-CLUB WHICH NO WEATHER DAUNTS. RED BANK, N. J., March 31.-The Shrewsbury Gun Club held 118 sixth regular match for the club gold badge this afternoon. The weather was cold, with a heavy north west wind. There were six entries. The contestants shot at fifteen glass balls at eighteen yards' rise, from a Parker trap. J.G. Bergen won.


Article from Daily Republican, April 1, 1879

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NEWS SUMMARY A man named Morgan, said to be from Utica, N. Y., was arrested in Charleston, S. C., yesterday, while passing from the First National Bank with $20,000 worth of U. S. Bonds and other securities, stolen from the President's private room. The property was recovered and the thief locked up. Mrs. Mary Goodail died at Pequonock Bridge, Conn., on Sunday, at the alleged age of 103 years, 9 months and 8 days. She was a native of Connecticut, and twice married. Her first husband was killed in the war of 1812, and her f second died many years ago. 1 At Norwich, N. Y., yesterday, Felix McCann, convicted of the murder of J. Morris Hatch on the 3d of December B last, was sentenced to be hanged on 0 the 16th of May. He asserted his inI nocence and asked for another trial. e At Huntingdon, West Va., on Satur" day, Henry Johnson, on trial for the y murder of Mrs. Pasons in January last, y was convicted of murder in the first de1 gree, and was sentenced to the penitentiary for life. r Nathan D. Pratt, a son of the Readt ing, Mass., Savings Bank embezzler, n was arraigned yesterday for receiving stolen securities from his father, and was held in $10,000 bail for trial. h S Colonel J. R. French, lately Sergeant at-arms of the United States Senate, was seized with a fit in one of the rooms e d of the Capitol yesterday. He was conv sidered out of danger in the afternoon y The wadding mill of Charles W. 8 Trimper at Niverville, near Hudson, e N.Y., was burned on Sunday, with its r contents. Loss, $70,000. 1 Sixteen buildings in Lebanon, Ky., were burned yesterday. Loss $50,000. I The members of the Laborers' Association, at St. John, N. B., struck yesh terday for $2 per day. They had been receiving 81. In nearly all cases their demand was granted by thestevedors. 1 The National Bank of Poultney, Vermont, suspended on Saturday, for the purpose of winding up its business. Its capital stock is $100,000. All its liae bilities, it is said, will be paid. e The Dime Saving Institution at h York, Pa., reopened its doors yesterday 0 for the purpose of paying depositors fifty per cent. of their deposits, and will remain open until the amount is paid. A wagon containing four persons was struck by lightning, near Decatur, III., on Friday evening, and a man, named t Robinson, and his daughter Kate, were killed. n H Governor Marks, of Tennessee, yesterday signed the bill for the settlement 8 of the State debt at 50 cents on the dollar, with four per cent. interest. t John Clarke, aged 29, fell dead while t taking a drink in a saloon in Chester, Pa., last evening. Heart disease is t supposed to have been the cause. n 8 Captain Edward O'Meagher Condou, S the released Fenian, has been appointed to a twelve hundred dollar clerk 8 ship in the Treasury Department. d Senator Gordon, of Georgia, has been d prevented by illness from taking his d seat at the present season. He is now e improving in health. The Indiana Legislature adjourned in yesterday.


Article from The Aegis & Intelligencer, April 4, 1879

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The AEgis and Intelligencer. BEL air, Md., APRIL 4, 1879. Condensed News. -Lydia Oliver, colored, died in Baltimore, last week, at the age or 109 years. -The indications are that the ensuing crop of peaches in New Jersey will be the heaviest known for some time past. -There are 240 acres of strawberries in and around Charleston, S. C. The yield, it is estimated, will be over 700,000 quarts. --Madame Elizabeth Patterson Bonaparte, of Baltimore, was reported to be dying on Thursday last. -Miss Margaretta Howard, a well-known lady, whose life was devoted to works of piety and charity, died in Baltimore, last week. -The Canadian lumbermen say the past winter has been one of the most favorable on record for getting out timber and saw logs. -The Dime Savings Bank, of York, Pa., opened its doors on Monday, for the purpose of paying depositors 50 per cent. of their deposits. -In Troy, N. Y., the business outlook is exceedingly bright. All the mills are running on full time and every branch of industry is picking up. -Tudor, the man who states that he has undertaken to travel on horseback from New York to Patagonia, and his party, arrived at Knoxville, Tenn., on Monday morning. -Saturday evening, a little girl, eight years old, while walking in Third street, Williamsport, Pa., was seized and brutally outraged by a stranger, supposed to be a tramp. It is thought she cannot survive her injuries. -A sharp storm raged on Monday, along the coast of New Jersey. The wind blew at the rate of eighty miles an hour off Barnegat, seventy miles at Cape May, fifty miles at Sandy Hook and in New York city about thirty miles. The tendency of wind was easterly. Its force was severely felt Monday night on the shores of New England. -The danger of rising too early was illustrated in Philadelphia, last week, in the case of Mrs. Sobey. This industrious lady arose at 5 o'clock in the morning, and began preparations for washday. Her neighbor, who occupied the same house, was awakened by the noise, and supposing it was caused by burglars, aroused her husband, who blazed away with a revolver into the darkness. A ball grazed Mrs. Sobey's face, and a scream from the woman and an apology from the man who fired the shot followed. --Judge Husted, of United States Treasury Department, Washington, D.C. writes: I have experienced a peculiar and most gratifying relief in the use of Keller's Roman Liniment. You can count me as one who 'believes in it.'