Closing followed immediately after cashier's suicide and depositor panic; receiver appointed.
Events (4)
1.January 24, 1905Run
Cause
Bank Specific Adverse Info
Cause Details
News of the cashier Charles H. Houseman's suicide triggered a panic and immediate withdrawals.
Measures
Directors closed the bank and placed it in the hands of a receiver.
Newspaper Excerpt
As the result of a run by depositors, following the suicide of Cashier Charles H. Houseman, the East End Savings Bank was closed by its directors...
Source
newspapers
same day
2.January 24, 1905Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed the bank after depositor run caused by the cashier's suicide.
Newspaper Excerpt
the East End Savings Bank was closed by its directors and placed in the hands of a receiver, W. H. English, who gave a bond for $40,000.
Source
newspapers
same day
3.January 24, 1905Receivership
Newspaper Excerpt
placed in the hands of a receiver, W. H. English, who gave a bond for $40,000.
Source
newspapers
+31 days
4.February 24, 1905Other
Newspaper Excerpt
Receiver W. T. English of the East End Savings bank of Columbus, O, says that the bank will pay depositors about 50 cents on the dollar.
Source
newspapers
Newspaper Articles (11)
1.January 24, 1905Evening JournalWilmington, DE
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Article Text
Suicide Caused Run On a Bank. Columbus, O., Jan. 24.-As the result of a run by depositors, following the suicide of Cashier Charles H. Houseman. the East End Savings Bank was closed by its directors and placed in the hands of a receiver, W. H. Eng. lish, who gave a bond for $40,000. The news of Houseman's suicide caused a panic among the depositors of the bank, and the crowd which struggled around the doors of the bank seeking to withdraw deposits became so large that the police were called to preserve order. The run had been in progress less than two hours when the directors decided to close the bank.
COLUMBUS, O., Jan. 24.-As the result of a run by depositors following the suicide of Cashier Charles H. Houseman, who shot himself, the East End Savings bank has been closed by its directors and placed in the hands of a receiver, W. H. English, who gave a bond for $40,000. The news of Houseman's suicide caused a panic among the depositors of the bank. who are mostly residents of the east side, and the crowd which struggled around the doors of the bank seeking to withdraw deposits became so large that the police were called to preserve order.
3.January 25, 1905The News & ObserverRaleigh, NC
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Article Text
EAST END BANK CLOSES
Following Suicide of Cashier and Run on the Institution. (By the Associated Press.) Columbus, O., Jan. 23.-As the result of a run by depositors, following the suicide this morning of Cashier Charles H. Houseman, the East End
4.January 26, 1905Reporter and FarmerWebster, SD
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Article Text
BANK FORCED TO CLOSE
Run on Ohio Institution Follows Suicide of Cashier. Columbus, O., Jan. 24.-As the result of a run on the East End Savings bank of this city, following the suicide of Cashier Charles H. Houseman, the directors closed the bank and later placed it in the hands of a receiver. News of Houseman's suicide caused a panic among the depositors of the bank and the frenzied crowd which struggled around the doors of the bank, seeking to withdraw deposits, became so large that the police were called to preserve order. The run had been in progress less than two hours when the directors met and decided to close the bank themselves.
5.January 26, 1905The Free LanceFredericksburg, VA
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Article Text
Suicide Caused Run on a Bank. Columbus, O., Jan. 24.-As the result of a run by depositors, following the suicide of Cashier Charles H. Houseman, the East End Savings Bank was closed by its directors and placed in the hands of a receiver, W. H. English, who gave a bond for $40,000. The news of Houseman's suicide caused a panic among the depositors of the bank, and the crowd which struggled around the doors of the bank seeking to withdraw deposits became so large that the police were called to preserve order. The run had been in progress less than two hours when the directors decided to close the bank.
6.January 27, 1905The Stark County DemocratCanton, OH
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Article Text
The suicide of the cashier of the East End Savings bank of Columbus led to a run upon the bank and it was compelled to go into the hands of a receiver. It would be a strong bank Indeed that could stand a trip of the fellow who controls the cash across Jordan or to Europe.
7.January 27, 1905Little Falls HeraldLittle Falls, MN
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Article Text
BANK FORCED TO CLOSE
Run on Ohio Institution Follows Sulcide of Cashier. Columbus, O., Jan. 24.-As the result of a run on the East End Savings bank of this city, following the suicide of Cashier Charles H. Houseman, the directors closed the bank and later placed it in the hands of a receiver. News of Houseman's suicide caused a panic among the depositors of the bank and the frenzied crowd which struggled around the doors of the bank, seeking to withdraw deposits, became so large that the police were called to preserve order. The run had been in progress less than two hours when the directors met and decided to close the bank themselves.
8.January 27, 1905Little Falls HeraldLittle Falls, MN
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Article Text
BANK FORCED TO CLOSE
Run on Ohio Institution Follows Sulcide of Cashier. Columbus, O., Jan. 24.-As the result of a run on the East End Savings bank of this city, following the suicide of Cashier Charles H. Houseman, the directors closed the bank and later placed it in the hands of a receiver. News of Houseman's suicide caused a panic among the depositors of the bank and the frenzied crowd which struggled around the doors of the bank, seeking to withdraw deposits, became so large that the police were called to preserve order. The run had been in progress less than two hours when the directors met and decided to close the bank themselves.
Run on Ohio Institution Follows Suicide of Cashier. Columbus, O., Jan. 24.-As the result of a run on the East End Savings bank of this city, following the suicide of Cashier Charles H. Houseman, the directors closed the bank and later placed it in the hands of a receiver. News of Houseman's suicide caused panic among the depositors of the bank and the frenzied crowd which struggled around the doors of the bank, seeking to withdraw deposits, became so large that the police were called to preserve order. The run had been in progress less than two hours when the directors met and decided to close the bank themselves.
10.February 1, 1905The StarReynoldsville, PA
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Article Text
Savings Bank Closed
As the result of a run by depositors, following the suicide of Cashier Charles H. Houseman, the East End Savings Bank of Columbus was closed by its directors and placed in the hands of a receiver, W. H. English, who gave bond for $40,000.
11.February 24, 1905Evening Times-RepublicanMarshalltown, IA
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Article Text
Receiver W
T. English of the East End Savings bank of Columbus, O, says that the bank will pay depositors about 50 cents on the dollar.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
