Kalamazoo Savings Bank (Kalamazoo, MI)

Episode Information

Episode UID
3385546491259
Episode Type
Run Only
Bank Type
savings
Bank ID
338554649 hash
Start Date
November 29, 1904
Location
Kalamazoo, Michigan (42.292, -85.587)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6a0e611a0f1bb3bb

Response Measures

None

Events (1)
1. November 29, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
Misunderstanding of a lawsuit by heirs of the Henry Brees estate naming the bank as a defendant; depositors twisted this into belief the institution was unsound.
Measures
Bank kept open two hours later than usual; officials considered the run broken.
Newspaper Excerpt
Excited savings depositors of the Kalamazoo (Mich.) Savings Bank yesterday created a run on the institution, and drew during the day about $50,000 of their deposits.
Source
newspapers

Newspaper Articles (10)
1. November 29, 1904 Evening Star Washington, DC
Article from Evening Star, November 29, 1904

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Article Text

NORTH GERMAN LLOYD Fast Express Service. PLYMOUTH-CHERBOURG-BREMEN. K. Wm. II. Dec. 13, 10 am Kronp'z. Feb. 21, 7:30 am Kaiser Kaiser Jan. 3, 10 am Mar. 7. 10 am Kronprinz Jan. 17. noon Kronprinz. Mar. 21, 6 am Kaiser Kaiser Feb. 7, 10 am Apr. 4, 10 am Twin-Screw Passenger Service. BREMEN DIRECT. Cassel Cassel Dec. 15, 10 am Jan. 26. 10 am Koelu Koeln Dec. 29, 10 am Feb. 9. 10 am Zieten Zieten Jan. 10, 10 am Feb. 23. 10 am Main Main Jan, 19, 10 am Feb. 28, noon Mediterranean Service. GIBRALTAR-NAPLES-GENOA. Luise Luise Dec. 6, 2 pm Jan. 28, 11 am Neckar Neckar Dec. 10. 11 am Feb. 11, 11 am Jrene Irene Jan. 14. 11 am Feb. 18, 11 am Albert Albert Jan. 21, 11 am Mar. 4, 11 am OELRICHS & CO., NO. 5 broadway. N. Y. Apply to E. F. DROOP. 925 Pa. ave. fe6-312t-28 Agent for Washington. Suit Started Run on Kalamazoo Bank. Excited savings depositors of the Kalamazoo (Mich.) Savings Bank yesterday created a run on the institution, and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than the usual closing hour in the afternoon, and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate, Part of the funds of the estate are kept at the bank, and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors and twisted into a belief that the institution was not sound.

2. November 29, 1904 The Providence News Providence, RI
Article from The Providence News, November 29, 1904

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Article Text

DEPOSITORS DREW OUT $50,000 IN A BANK RUN Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank yesterday created a run on the institution, and drew during the day about 50,000 of their deposits, but after keeping the bank open two hours later than usual, the officials considered the run broken. It was said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate were kept in the bank. and the Institution was made defendant with the executors This fact is believed to have been misunderstood by a number of the depositors

3. November 29, 1904 The Times Dispatch Richmond, VA
Article from The Times Dispatch, November 29, 1904

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Article Text

Run on Bank. (By Associated Press.) KALAMAZOO, MICH., November 28.Excited savings depositors of the Kalamazoo Savings Bank to-day created a run on the institution and drew during the day about $50,000 of their deposits. It Is said that the run was caused by the sul tbegun here last week by some of the heirs of the Henry Brees estate,

4. November 29, 1904 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, November 29, 1904

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Article Text

Run on a Kalamazoo Bank. Kalamazoo, Mich., Nov. 29.-Some of the depositors of the Kalamazoo Savings bank created a run on the institution and drew out during yesterday about $50,000 of their deposits. The bank was kept open later than usual in the afternoon, and it is considered that the run is broken.

5. November 29, 1904 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, November 29, 1904

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Article Text

DEPOSITORS DRAW MONEY. Excited By Reports of Unstability of Kalamazoo, Mich., Savings Bank, Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank yesterday created a run on that institution and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than usual yesterday afternoon, and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors, and twisted into a belief that the institution was not sound.

6. November 30, 1904 The Forest Republican Tionesta, PA
Article from The Forest Republican, November 30, 1904

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Article Text

Run on a Savings Bank. Kalamazoo, Mich., Nov. 29.-Excited depositors of the Kalamazoo Savings bank created a run on the institution, drawing out about $150,000. The bank was kept open two hours later than the usual closing hour and it is considered that the run, which is said to have been caused by suit begun last week by heirs of the Henry Brees estate, is broken. Part of the funds of the estate are kept at the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors and the run followed.

7. November 30, 1904 The Bemidji Daily Pioneer Bemidji, MN
Article from The Bemidji Daily Pioneer, November 30, 1904

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Article Text

RUN ON A SAVINGS BANK. Depositors Withdraw $50,000 From a Michigan Institution. Kalamazoo, Mich., Nov. 30.-Excited savings depositors of the Kalamazoo Savings bank Monday created a run on the institution and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than the usual closing hour and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate are kept at the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors and twisted into a belief that the institution was not sound.

8. November 30, 1904 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, November 30, 1904

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Article Text

RUN ON A SAVINGS BANK. Depositors Withdraw $50,000 From Michigan Institution. Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank Monday created a run on the institution and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than the usual closing hour and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate are kept at the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors and twisted into a belief that the institution was not sound.

9. December 1, 1904 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, December 1, 1904

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Article Text

Former College President Dies. Cleveland, Ohio, Nov. 29.-Rev. Dr. J. E. Rankin, formerly president or Howard university of Washington, D. C., died here yesterday afternoon of pneumonia, aged 75. EXCITED RUN ON SAVINGS BANK Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank yesterday created a run on the institution and drew during the day $50,000 of their deposits. The bank was kept open two hours later than the usual closing hour yesterday afternoon and it is considered that the run is broken. It is said the run was caused by a suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate are kept at the bank and the institution was made the defendant with the executors. This fact is said to have been the cause of a misunderstanding by a number of depositors and twisted into the belief that the institution was not sound.

10. December 8, 1904 Rosebud County News Forsyth, MT
Article from Rosebud County News, December 8, 1904

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Article Text

General. Mme. Janauschek, the actress, died in New York. Ground has been broken for the first building of a great negro educational institution at Spalding, five miles from Birmingham, Ala. The first building will cost $30,000. Window lithographs and free passes to the circus will soon be a thing of the past if the ideas of the proprietors of the James A. Bailey and the Ring. ling Bros.' shows are carried out. The excited savings depositors 01 the Kalamazoo (Mich.) Savings bank created a run on the institution and drew about $50,000 of their deposits. It is considered that the run is broken Because they whispered and giggled incessantly in church at Battle Creek, Mich., four prominent young girls Hazel and May Ralph, Eva Phelps and Ella Archer were taken up by the po lice. Cool headed officials, actors and oth ers in the Harlem opera house in New York checked a panic in which nearly all the persons in the audience left their seats. As a fire engine was passing a woman in the balcony cried "Fire." Notices have been posted announc ing the temporary shutting down of the steel mill and bar mill of the South Deerirg (III.) plant of the International Harvester works. The suspension of work will throw 600 men out of employment.