State Savings Bank (Butte, MT)

Episode Information

Episode Type
Run Only
Start Date
March 12, 1903
Location
Butte, Montana (46.004, -112.535)
Bank Type
savings

Metadata

Episode ID
Bank ID
City ID
300780689
Model
gpt-5-mini
Short Digest

Events (1)
1. March 12, 1903 Run
Cause
Rumor Or Misinformation
Cause Details
False report (canard) that John A. Creighton had withdrawn his support; Creighton reportedly sent $500,000 and local wealthy men deposited large sums.
Random Run
Yes
Random Run Snippet
Canard that Creighton withdrew support; he sent $500,000
Measures
Large deposits from John A. Creighton and local wealthy men; bank closed for the day and reopened next morning.
Newspaper Excerpt
The run was caused by a report to the effect that John A. Creighton ... had withdrawn his support. He is said to have sent a half million dollars to the bank.
Source
newspapers

Newspaper Articles (11)
1. March 13, 1903 The Kalispell Bee Kalispell, MT
Article from The Kalispell Bee, March 13, 1903

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Article Text

Run is Made Upon the State Savings Bank at Butte Yesterday. THE INSTITUTION WAS IN PERIL All Day, But the Backers of the Concern Made Themselves Busy Rustling New Depositors and Finally Succeeded in Stemming the Tide. Butte, March 12.-On account of depositors withdrew their funds, rumors said to have been absolutely many others made new and large deunfounded. a run was started on the posits, and many business men, to State Savings bank in Butte yestershow their thorough confidence in day morning. and was continued unthe institution and its stability. til the bank closed for the day at 3 placed thousands and thousands of o'clock in the afternoon. After that dollars with the bank while the run hour it seemed to have about spent was in progress. When the bank itself, and the bank was reported by closed for the day. an official anits managers to be in quite as good nouncement was made that it would condition as it was in the morning open as usual at 10 o'clock this mornwhen the run started. While many ing, ready to meet all demands on it.

2. March 13, 1903 Daily New Dominion Morgantown, WV
Article from Daily New Dominion, March 13, 1903

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Article Text

Business Men Stop Run on Bank. Butte, Mont., March 13.-A run on the State Savings bank caused no little sensation in financial circles. The run was caused by a report to the effect that John A. Creighton, an Omaha millionaire, president of the bank, had withdrawn his support. He is said to have sent a half million dollars to the bank. In addition, local men of wealth rushed in deposits of from $5,000 to $50,000, and at this the excitement subsided. The bank is one of the strongest in the state.

3. March 13, 1903 Evening Star Washington, DC
Article from Evening Star, March 13, 1903

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Article Text

A run on the State Savings Bank at Butte, Mont., was stopped by wealthy citizens coming to the rescue with heavy deposits.

4. March 13, 1903 The Times Dispatch Richmond, VA
Article from The Times Dispatch, March 13, 1903

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Article Text

RUN ON BANK Wealthy Men Rushed to the Aid of the Institution. (By Associated Press.) BUTTE, MONT., March 12.-A run on the State Savings Bank to-day caused no little sensation in financial circles. The run was caused by a report to the effect that John A. Creighton, an Omaha millionaire, president of the bank, had withdrawn his support. He is sublit to have sent a. half million dollars to the bank. In addition, local men of wealth rushed in deposits of from $5,000 to $50,000, and at this the excitement subsided. The bank is one of the strongest in the State.

5. March 13, 1903 Evening Journal Wilmington, DE
Article from Evening Journal, March 13, 1903

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Article Text

Run On Montana Bank

Butte, Mont., March 13.-A run on the State Savings Bank yesterday caused no little sensation in financial circles. The run was caused by a report to the effect that John A. Creighton, an Omaha millionaire, president of the bank, had withdrawn his support. He is said to have sent $500,000 to the bank. In addition, local men of wealth rushed in deposits of from $5,000 to $50,000, and at this the excitement subsided.

6. March 13, 1903 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, March 13, 1903

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Article Text

Short-Lived Bank Run

BUTTE, Mont.. March 12.-There was a run on the State Savings bank today, caused by a canard that John A. Creighton, the Omaha millionaire, who is pres-

7. March 13, 1903 The Kalispell Bee Kalispell, MT
Article from The Kalispell Bee, March 13, 1903

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Article Text

Heinze's luck stood him in good hand at Butte yesterday, or rather his emphatic courage and rustling ability. His enemies furthered a run on his bank, tne State Savings, and came very near wrecking that institution, but F. Augustus marshaled all his forces and stemmed the flood of disaster, though, according to the dispatches he was hard pressed. Heinze has again clothed himself with the august title of Young Napoleon of finance.

8. March 13, 1903 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, March 13, 1903

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Article Text

HEAVY RUN ON BUTTE SAVINGS INSTITUTION Butte, Mont., March 12.-A run on the State Savings bank today caused no little sensation in financial circles. A number of prominent men have come to the aid of the institution and it is out of danger. The run was caused by a canard to the effect that John A. Creighton, the Omaha millionaire, who is president of the bank, had withdrawn his support. He is said to have sent $500,000 to the bank. In addition, local men of wealth rushed in deposits of from $5,000 to $50,000, and at this the excitement subsided.

9. March 14, 1903 The News & Observer Raleigh, NC
Article from The News & Observer, March 14, 1903

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Article Text

Run on a Bank at Butte. I (By the Associated Press.) Butte, Mon., March 12.-A run on the State Savings Bank today caused no little sensation in financial circles. The run was caused by a report to the effect that John A. Creighton, an Omaha millionaire, president of the bank, had withdrawn his support. He is said to have sent a half million dollars to the bank. In addition, local men of wealth rushed in deposits of from $5,000 to $50,000 and at this excitement subsided. The bank is one of the strongest in the State.

10. March 14, 1903 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, March 14, 1903

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Article Text

A CANARD RESPONSIBLE

Run on Butte Bank Does Not Injure It Much. Butte, Mont. March 12-A run on the State Savings bank today caused no litthe sensation in financial circles. The run was caused by 8 canard to the effect that John A Crighton. the Omaha millionaire, who is president of the bank, had had withdrawn his support. He is said to have sent half a million dollars to the bank. In addition. local men of wealth rushed in deposits of from $5,000 to $50,000 and at this excitement subsided. The bank is one of the wealthiest in the state.

11. March 17, 1903 The Free Lance Fredericksburg, VA
Article from The Free Lance, March 17, 1903

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Article Text

Run On Montana Bank

Butte, Mont., March 13.-A run on the State Savings Bank yesterday caused no little sensation in financial circles. The run was caused by a report to the effect that John A. Creighton, an Omaha millionaire, president of the bank, had withdrawn his support. He is said to have sent $500,000 to the bank. In addition, local men of wealth rushed in deposits of from $5,000 to $50,000, and at this the excitement subsided.