Article Text
RUMORS CAUSE RUN ON CHICAGO BANK CHICAGO, April 11.-Ivestigation of rumors which caused a run on the Garfield Park State Savings bank
Garfield Park State Savings Bank (Chicago, IL)
Episode Information
- Episode UID
2022271432- Episode Type
- Run Only
- Bank Type
- state
- Bank ID
-
202227routing - Routing Number
2-0222- Start Date
- April 10, 1919
- Location
- Chicago, Illinois (41.850, -87.650)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
59332faeb2fcd591
Response Measures
None
Events (1)
1.
April 10, 1919
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Unfounded rumors circulated locally triggered heavy withdrawals; sources of rumors under investigation.
- Measures
- Bank arranged to stay open until claimants were satisfied; reserve agent (Continental and Commercial National Bank) delivered currency vans to replenish funds.
- Newspaper Excerpt
- Investigation of rumors which caused a run on the Garfield Park State Savings bank... The run began about closing time yesterday... 500 accounts had been closed and $200,000 withdrawn.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
PROBE RUMORS THAT LED TO BANK RUN CHICAGO, April 11.-Investigation of rumors which caused a run on the Garfield Park State Savings bank was started today. The run began about closing time yesterday and as soon as officials of the bank realized the situation they arranged to keep open until all claimants were satisfied. When the doors were closed last night 500 accounts had been closed and $200,000 withdrawn. Twice the money van of the Continental and Commercial National bank, reserve agent for the Garfield park, had delivered trunks of currency, while business men of the district continued to pour in their deposits of checks and currency. In view of this many persons fell out of the long line of alarmed depositors. The bank is considered one of the strongest of the city's outlying institutions and exceptional efforts were said to be under way to trace to their source the rumors which caused the run.
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Article Text
BIG RUN ON A CHICAGO SAVINGS BANK A MYSTERY Chicago, April 11.-Investigation of rumors which caused a run on the Garfield Park State Savings Bank was started today. The run began about closing time yesterday and as soon as officials of the bank realized the situation they arranged to keep open until all claimants were satisfied. When the doors were closed last night 500 accounts had been closed and $200,000 withdrawn. Twice the money van of 9 the Continental and Commercial National Bank, reserve agent for the Garfield, had delivered trunks and currency, while business men of the district continued