2763. Georgia Rail Road & Banking Company (Augusta, GA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
January 24, 1922
Location
Augusta, Georgia (33.471, -81.975)

Metadata

Model
gpt-5-mini
Short Digest
0ed3d4eb

Response Measures

None

Description

Multiple contemporaneous newspapers (Jan 25, 1922) report a several-hour run on the Georgia Railroad Bank in Augusta started by malicious/false reports. The bank offered a $5,000 reward for evidence identifying those who originated the false report. No suspension, closure, reopening, or receivership is mentioned.

Events (1)

1. January 24, 1922 Run
Cause
Rumor Or Misinformation
Cause Details
Malicious false report/rumors about the condition of the bank triggered several hours of withdrawals; bank offered $5,000 reward to identify perpetrators.
Measures
Offered $5,000 reward for evidence to convict person(s) who started the false report.
Newspaper Excerpt
the Georgia Railroad Bank here, which experienced a run yesterday lasting several hours
Source
newspapers

Newspaper Articles (7)

Article from Palatka Daily News, January 25, 1922

Click image to open full size in new tab

Article Text

RUN ON AUGUSTA BANK (By Associated Presal Augusta, Ga., Jan. 25.-The Georgia Railroad Bank here, which experienced a run yesterday lasting several hours, today offered a reward of $5,000 for evidence to convict the person or persons who started the false report about the condition of the bank.


Article from The Ocala Evening Star, January 25, 1922

Click image to open full size in new tab

Article Text

RUN STARTED BY MALICIOUS RUMORS Georgia Railroad Bank in Augusta Offers Big Reward for People Who Tried to Break It (Associated Press) Augusta, Jan. 25.-The Georgia Railroad Bank here, which experienced a run yesterday lasting several hours, today offered a reward of $5000 for evidence to convict the person or persons who started a falsé report about the condition of the bank.


Article from Americus Times-Recorder, January 25, 1922

Click image to open full size in new tab

Article Text

$5, 000 FOR BANK DEFAMERS Jacob Phinizy, of Augusta, Would Punish Person Who Started Run AUGUSTA, Jan. 25.-Jacob Phinizy, secretary of the Georgia Railroad Bank, which experienced a run yesterday lasting several hours, today offered a reward of $5,000 for evidence to convict the "malicious person or persons who started the false report about the condition of the bank."


Article from Americus Times-Recorder, January 25, 1922

Click image to open full size in new tab

Article Text

$5,000 FOR BANK DEFAMERS Jacob Phinizy, of Augusta, Would Punish Person Who Started Run AUGUSTA, Jan. 25.-Jacob Phinizy, secretary of the Georgia Railroad Bank, which experienced a run yesterday lasting séveral hours, today offered a reward of $5,000 for evidence to convict the "malicious person or persons who started the false report about the condition of the bank."


Article from Yorkville Enquirer, January 27, 1922

Click image to open full size in new tab

Article Text

MERE MENTION Senator Smith of South Carolina and Representative Houghton of Iowa, are ho'ding hearings in Atlanta today and tomorrow in connection with the work of the joint congressional commission of the house and senate on short time The four-story torural credits bacco factory building of the J. A. Dart Tobacco company of Richmond, was destroyed by fire Tuesday with a loss Official reports from of $160,000 San Francisco describe the cold snap there as the most severe since 1913. Much damage has been done to fruit J. T. Russell, Chicago, prestrees ident of the National Association of Meat Councils, states that the dollar is now worth 72 cents in the purchase of meat products as compared with 100 There was a run on cents in 1913 the Georgia Railroad bank at Augusta, last Wednesday, caused, it is alleged, by malicious reports. Jacob Phinzy, the president, has offered a reward of $5,000 for proof to establish responsibility of the parties who originated the The Dyer anti-lynching reports bill that puts mob violence of whatever nature within the jurisdiction of the state government, passed the house yesterday by a vote of 230 to 119. The bill provides life imprisonment or lesser penalties for persons who participate in lynchings and for state, county and municipal officials who fail through negligence to prevent them. The measure also stipulates that the county in which mobs form or kill anyone shall forfeit $10,000 to the family of the victim.


Article from The Mena Weekly Star, February 2, 1922

Click image to open full size in new tab

Article Text

PUNISH FOR FALSE REPORT. Georgia Bank Withstanding Run Offers Reward of $5000. Augusta, Ga., Jan. 25. Jacob Phinizy, secretary of the Georgia railroad bank, which experienced a run yesterday lasting several hours, today offered a reward of $5000 for evidence to convict "the malicious person or persons who started a false report about the condition of the bank."


Article from Macon Beacon, February 3, 1922

Click image to open full size in new tab

Article Text

Jake Causes Bank Run. Augusta, Ga.-Jacob Phinizy, secretary of the Georgia railroad bank, which experienced a run recently last. ing several hours, has offered a reward of $5,000 for evidence to convict "the malicious person or persons who start. ed a false report about the condition of the bank."