3527. State Central Savings Bank (Keokuk, IA)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
November 24, 1905
Location
Keokuk, Iowa (40.397, -91.385)

Metadata

Model
gpt-5-mini
Short Digest
bbbc8a1b

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Multiple contemporary papers report a run on the savings department beginning Nov. 24, 1905, which was largely stopped Nov. 25 after four wagonloads (about $500,000) in silver dollars were brought in and displayed. The run appears driven by a rumor that the bank president's health was failing (rumor/misinformation). No suspension, receivership, or permanent closure is mentioned.

Events (2)

1. November 24, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Run probably caused by a statement that the president's health was failing; the word 'failing' was repeated to depositors (rumor).
Measures
Bank brought in four wagonloads of silver dollars (about $500,000) from Chicago and St. Louis and displayed them to restore confidence; paying callers promptly.
Newspaper Excerpt
For no known reason a run started today on the savings department of the State Central Savings bank.
Source
newspapers
2. November 25, 1905 Other
Newspaper Excerpt
The run ... stopped this morning almost entirely after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. The wagons backed up to the door of the bank and half a million dollars were carried into the bank and piled up in sight of the people.
Source
newspapers

Newspaper Articles (10)

Article from Albuquerque Evening Citizen, November 25, 1905

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Article Text

RUN ON SAVINGS BANK STOPPED BY STRATEGY. Keokuk, Iowa, Nov. 25.-A run which began yesterday on the State Central Savings bank was stopped this morning almost entirely, after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. The wagons backed up to the door of the bank an dhalf a million dollars were carried into the bank and piled up in sight of the people.


Article from Ottumwa Tri-Weekly Courier, November 25, 1905

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Article Text

RUN ON BANK SMALL DEPOSITORS WITHDRAW ACCOUNTS FROM KEOKUK INSTITUTION Keokuk, Nov. 24.--For no known reason a run started today on the savings department of the State Central Savings bank. The bank is paying all callers as fast as possible. The run is being made by women and small depositors: The business men are not participating.


Article from Rock Island Argus, November 25, 1905

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Article Text

IS HEALTH THAT IS FAILING Not Keckuk Bank, So Run Stops When Loads of Dollars Arrive. Keokuk, Iowa, Nov. 25.-The run on the State Central Savings bank stopped this morning almost entirely after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. The run was probably caused by a statement that the president's health was failing, the word failing being repeated to depositors.


Article from The Minneapolis Journal, November 25, 1905

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Article Text

RUN ON BANK STOPS KEOKUK, IOWA.-The run that began yesterday on the State Central Savings bank stopped today almost entirely after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. The wagons backed up to the door of the bank. A half million dollars was carried into the bank and piled up in sight of the people. The run was probably caused by a statement that the president's health was failing the word "failing" being repeated to depositors.


Article from The Topeka State Journal, November 25, 1905

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Article Text

RUN WITHOUT REASON. Is Started on the Savings Department of a Keokuk Bank. Keokuk, Ia., Nov. 24.-For no known reason a run started today on the savings department of the State Central Savings bank, the oldest bank here. The bank is paying all callers as fast as they can be waited on,


Article from Deseret Evening News, November 25, 1905

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Article Text

RUN ON BANK STOPPED. Keokuk, Ta., Nov. 25.-The run which began yesterday on the State Central Savings bank stopped this morning almost entirely after the arrival of four wagon loads of silver dollars from Chliago and St. Louis. The wagons backed up to the door of the bank. A half million dollars was carried into the bank and piled up in sight of the people.


Article from Los Angeles Herald, November 26, 1905

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Article Text

RUN ON BANK STOPPED Sight of Four Wagonloads of Silver Restores Confidence of Depositors By Associated Press. KEOKUK, Iowa, Nov. 25.-The run which began yesterday on the State Central Savings bank stopped this morning almost entirely after the arrival of four wagonloads of silver dollars from Chicago and St. Louis. The wagons backed up to the door of the bank. A half-million dollars was carried into the bank and piled up in sight of the people. The run probably was caused by a statement that the president's health was failing. the


Article from The Rich Hill Tribune, November 30, 1905

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Article Text

A Run on a Keokuk, la., Bank. KEOKUK, IA-For no known reason a run was started on the savings department of the State Central SavIngs bank, the oldest bank here. The bank is paying all callers as fast as they can be waited upon.


Article from The Coeur D'alene Press, December 2, 1905

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Article Text

NEWS OF THE WORLD SHORT TELEGRAPA ITEMS FROM ALL PARTS OF THE GLOBE. A Review of Happenings in Both Eastern and Western Hemispheres During the Past Week-National, Historical, Political and Personal Events. Chicago was visited Saturday by one of the heaviest windstorms of the year, the gale reaching the height of 52 miles an hour for several hours. Much damage was done to trees downtown. Sir Arthur Nicholson, the British ambassador at Madrid, is to succeed Sir Charles Hardinge as ambassador of Great Britain to Russia. General B. J. Viljoen is negotiating for land near El Paso, Tex., on which to found another colony for the Boers, who recently abandoned their homes in Chihauhau, Mexico. Secretary Root has informed the Japanese government that he will hereafter conduct affairs relating to Korea through the Japanese legation at Washington. Mrs. Francis Burton Harrison, wife of the lawyer and congressman who was recently a candidate for lieutenant governor of New York, was killed in an automobile accident at Long Island City, Saturday. Safe crackers recently blew the safe in the postoffice at Forestville, Cal., and got about $500 in cash, and a number of money orders. Thos. Lawson says he has received so many proxies that his control of both the New York Life and Mutual Life is absolute. After a protracted adjournment the case of Oberlin Carter, the ex-army officer who is endeavoring to prove his legal title to funds which he is declared by the United States to have embezzled, has been resumed at Chicago. Dr. Daniel Shepherdson died recently in Honolulu. He formerly was an associate of President Harper of the University of Chicago, and also assistant pastor of the First Baptist ehurch of that city. A dispatch from Newfoundland states that the 100 ton schooner Columbine, bound from Charlottetown for Newfoundland ports, foundered with four men in Fortune bay during the recent gale. The defalcation of Cashier Clark of the Enterprise National bank of Allegheny. Pa., together with money that can not be accounted for, will be not less than $1,500,000. President Roosevelt has approved the sentence of Captain Alga P. Berry. Twenty ninth infantry. who, by courtmartial, was condemned to dismissal from the army on charges of conduct unbecoming an officer and gentleman. J. J. Hill, president of the Great Northern. has arrived in New York from Southampton. Marquis Ito was given a garden party recently at Seoul in celebration of the Japanese-Korean protectorate treaties. One new case of yellow fever is reported at Havana, making a total of eight cases under treatment. K. Sougimora, Japanese minister to Mexico and Peru, who has been sojourning with his wife and child in California for some time, recently left for the City of Mexico, accompanied by his family. The run which began at Keokuk, Iowa, on the State Central Savings bank. stopped almost entirely after the arrival of four wagon loads of silver dollars from Chicago and St. Louis At the observatory of the Tacubaya university Thursday a new comet was discovered. The astronomers say that the comet. which can be seen with a small telescope, is flying swiftly toward the sun. Mrs. Kidder, the hymn writer, died at Chelsea, Mass., Saturday, aged 86 years. The president has directed the appointment of Rev. Edward S. Travers, assistant rector of Trinity church. Boston. as chaplain of the United States military academy at West Point to succeed Rev. Shipman. resigned. Newton C. Dougherty. the ex-banker at Peoria, III., who was given an in determinate sentence in Joliet, was taken to the penitentiary this week. Marshall Field, Jr., of Chicago, is paralyzed from the waist down. the effect of his accidentally shooting him self Two Italian section hands were killed and two others mortally wounded Saturday by three other Italians who entered a freight car at Winthrop Harbor, 45 miles north of Chicago and fired at them repeatedly. Fifteen persons were injured and many others shaken up in a wreck recently by a collision head-on, on a curve near Leeds, Mo. The navy department has ordered that an autopsy be held over the body of Midshipman Branch, for whose death Midshipman Meriwether is now undergoing courtmartial at Annapolis


Article from The Rich Hill Tribune, December 7, 1905

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Article Text

Silver Stops A Run. KEOKUK, IA.-The run which began on the State Central Savimgs bank was stopped almost entirely after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. A half million dollars was carried into the bank and was piled up in sight of the people, The run probably was caused by a statement that the president's health was failing. the word "failing" being repeated to depositors.