Article Text
A false rumor caused a ran on the Bank of Martinsburg last Thursdav, but the other banks of the city came tothe rescue and an unnecessary panic was fortunatelylavoided.
23076. Bank of Martinsburg (Martinsburg, WV)
Bank Information
- Episode Type
- Run Only
- Bank Type
- state
- Start Date
- August 7, 1913
- Location
- Martinsburg, West Virginia (39.456, -77.964)
Metadata
- Model
- gpt-5-mini
- Short Digest
8d3ba150
Response Measures
Accommodated withdrawals
Description
Newspapers (Aug 12 and Aug 14, 1913) report a false rumor that the bank was short of funds which triggered a run. Other local banks assisted and depositors were satisfied; there is no mention of suspension or closure. Also noted: bank president John J. Hetzel resigned and was replaced the week after the run.
Events (1)
1.
August 7, 1913
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- A false rumor started by 'thoughtless persons' that the bank was short of funds; the report was untrue.
- Random Run
- Yes
- Random Run Snippet
- False rumor that bank was short of funds; report untrue
- Measures
- Other banks of the city offered their aid and every depositor was satisfied.
- Newspaper Excerpt
- A false rumor caused a ran on the Bank of Martinsburg last Thursday...; there was a run on the Bank of Martinsburg last Thursday, some thoughtless persons having started a rumor that it was short of funds.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
NOTES FROM NEARBY. P. M. Hollis has been appointed chief of police for Martinsburg. There are 36 cases of typhoid fever in Winchester, and every case except two was traced directly to one milk route. The teachers' institute for Berkeley county will begin at Martinsburg next Monday. The instructors are Prof. L. L. Friend and Miss Anna S. Cummings. It is said that Winchester is pretty sick of the camp of United States soldiers near that place. There is much drunkenness and disorderly conduct among the soldiers and the people of the neighborhood have been greatly annoyed Near Myersville, Md., on Monday Richard Dagenhart returned from a hunting trip, and as he took the gun from his shoulder when he entered his home the weapon was discharged. The load pierced the body of his sister Annie, seven years old, killing her almost instantly. A six-week old pig of Annie E. John son, colored, was found in the well on the property occupied by Wm. Johnson, on the Bloomery pike in the suburbs of Charles Town, a few days ago. The pig had been missing for 17 days, and although quite weak has about recovered. -Spirit. Cornelius Driscoll, a member of the Fifteenth U. S. Cavalry, now stationed at Winchester, went to Hagerstown last Saturday with several of his companions. Early Sunday morning he fell from a third-story window and was hurt so badly he died in an hour or two. A crate of beer and two quarts of whiskey were silent witnesses as to the tragedy. Two women living near Waynesboro, Pa., Mrs. Nancy Reachard and her daughter, Susanna Reachard, were taken to the Franklin county almshouse a few days ago, being at the point of starvation. A search of the house in which they lived yielded $700 in money that had been hidden away in nooks and crannies. The women had been living on charity for thirty years. James Dayhoff, who has a three-acre orchard near Smithsburg, Md., in the Pen-Mar neighborhood, will realize $3,000 from his crop this year. His output so far has been principally of the Carmen variety, but he will have a good crop of later fruit. It is claimed that Mr. Dayhoff has the finest crop of peaches in the Cumberland Valley. This is the sixth consecutive season that his orchard has produced, the trees being nine years old. Heavy and proper fertilizing and attention is what brought him success with his orchard. Mr. Dayhoff has been getting $3.25 for six-basket carriers in Baltimore. There was a run on the Bank of Martinsburg last Thursday, some thoughtless persons having started a rumor that it was short of funds. There was no truth in the report, as the bank's condition was all right, but it was besieged all day by a crowd of depositors who demanded their money. Other banks of the city offered their aid and every depositor was satisfied. The excitement died down on Friday and the trouble was over. John J. Hetzel, who founded the bank and who has been its president for ten years, resigned his position on Friday, and C.A. Weaver, the largest stockholder of the bank, was elected president in his place. Lawrence S. Costelle, of New York, formerly of Sharpsburg, and Mrs. Caroline Ross Rogers, of Frederick, eloped to Washington last Saturday and were married. Costelle, who is 32 years old, is a son of the late Rev. Mr. Costelle, a minister of the Episcopal Church, who was located at Sharpsburg some years ago. He is a divorced man, his first wife having been Miss Nannie Brooks, from near Baltimore. He is at present connected with the New York American. Mrs. Rogers was also a divorcee, having gotten a separation from her husband, Geo. R. Rogers, of Plainfield, N. J., a month ago. Moritz Hack, aged 22 years, of Martinsburg, met with a fearful death on the turnpike between that city and Winches-