Yonkers Savings Bank (Yonkers, NY)

Episode Information

Episode Type
Run Only
Start Date
October 20, 1891
Location
Yonkers, New York (40.931, -73.899)
Bank Type
savings
Routing Number
50-0050

Metadata

Events (1)

1. October 20, 1891 Run
Cause
Rumor Or Misinformation
Cause Details
A false rumor (reported originating in the Warring hat factory) that the bank had failed/bankedruptcy.
Random Run
Yes
Random Run Snippet
False rumor in Warring hat factory that bank had failed; corrected and run ended.
Measures
Officers denied the reports and paid demands; cashiers continued payments and deposits returned.
Newspaper Excerpt
The run which began last night on the Yonkers Savings Bank started, by a false rumor in the Warring hat factory that the bank had failed, ended by 11 o'clock this morning.
Source
newspapers

Newspaper Articles (10)

Article from The Wichita Daily Eagle, October 21, 1891

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Article Text

FAILURES. YONKERS, N. Y., Oct. 20.-There is much excitement in this city tonight over a run on the Yonkers Savings bank. The report was started that the bank is in financial troubles and about to go into bankruptcy. The president of the bank denied that the bank is in financial difficulties.


Article from The Cheyenne Daily Leader, October 21, 1891

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Article Text

Run on a Bank YONKERS. N. Y., Oct. 20.-There is much excitement in the city tonight over the run on the Yonkers Savings bank made this afternoon A report was started that the bank was in financial trouble and a rush was made by many depositors, and although the officers promptly denied the report, at least 2,000 persons drew out deposits amounting to $200,000.


Article from The Evening Herald, October 21, 1891

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Article Text

Run on a Bank. YONKERS, N. Y., Oct. 21.-A run began on the Yonkers Savings Bank yesterday, caused, it was stated, by a rumor that the institution was to go into bankruptcy. At the close of business nearly 2,000 depositors had drawn out their money, amounting to $200,000. The officers of the bank say the concern Is perfectly solvent and will promptly pay all demands.


Article from Waterbury Evening Democrat, October 21, 1891

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Article Text

Run on a Bank. YONKERS, N. Y., Oct. 21.-A run began on the Yonkers Savings Bank yesterday, caused, it was stated, by a rumor that the institution was to go into bankruptcy. At the close of business nearly 2,000 depositors had drawn out their money, amounting to $200,000. The officers of the bank say the concern is perfectly solvent and will promptly pay all demands.


Article from New-York Tribune, October 22, 1891

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Article Text

THE RUN ON THE YONKERS SAVINGS BANK. The run on the Yonkers Savings Bank, although a line of depositors passed before the cashiers up to the


Article from The Morning News, October 22, 1891

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Article Text

YONKERS' BANK RUN. The Scare Finally Allaved and Deposits Flow Back. YONKERS, N. Y., Oct. 21.-The run which began last night on the Yonkers Savings Bank started, by a false rumor in the Warring hat factory that the bank had failed, ended by 11 o'clock this morning. A good many depositors withdrew their money early, but others deposited and the excitement ended.


Article from Deseret Evening News, October 22, 1891

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Article Text

The Run on a Bank Ceases. YONKERS, N.Y., Oct. 21.--The run which started yesterday on the Yonkers Savings bank ended before noon today without any serious inconvenience to the bank.


Article from Los Angeles Herald, October 22, 1891

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Article Text

Bank Run Ended. YONKERS, Oct. 21.-The run which started yesterday on the Yonkers savings bank ended before noon today, without any serious inconvenience to the bank.


Article from The Salt Lake Herald, October 22, 1891

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Article Text

Run on the Yonkers Bank Ended. YONKERS, N. Y., Oct. 21.-The run which started yesterday on the Yorkers Savings bank ended before noon to-day without any serious inconvenience to the bank.


Article from The Kinsley Graphic, October 23, 1891

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Article Text

THE LATEST. SECRETARY NOBLE has ordered all the surveying corps and alloting agents in the Cheyenne and Arapahoe reservation to disband until congress makes further appropriations. This will delay the opening of these lands one year. Ex-SENATOR INGALLS addressed a large audience in Tremont temple, Boston. Gen. B. F. Butler introduced him. A SPECIAL cable dispatch from Managua, Nicaragua, says Don Fernando Guzman, the ex-president of the republic, is dead. His death is generally regretted. THE French senate tariff committee decided in favor of a proposition to impose a duty of 25 francs per 100 kilos on salted meats of all kinds, including pork, ham and bacon, instead of one of 20 francs, which the chamber of deputies had already passed. SUNOL trotted a mile in 2:08 14, beating Maud S.'s record of 2:08% made in 1885. THE Associated press and the Western Union Telegraph Co. are at outs over the question of "leased wires," the services of which the company has refused newspapers. IT was reported that the Burlington passenger train No. 5, which left Chicago at 6 o'clock the previous evening wasditched between Burlington, Ia., and Galesburg on the morning of the 31st The engineer and five passengers were killed. THE archbishop of Aix, France will be prosecuted for disregarding the circular enjoining him not to leave his diocese without the consent of the government. The archbishop is liable to a heavy fine as well as a term of imprisonment THE pope is reported to be undecided about leaving Rome. THE British sealers Otto and E. B. Marvin, which were seized in Behring sea, have been released by direction of the lord commissioner of admiralty. THERE was a run on the Yonkers (N. Y.) savings bank. About 4,000 excited depositors drew out $200,000 in a few hours. JOHN Russ, a white man, was lynched at Columbus, La., for brutally murdering an aged negress. THE post office officials are greatly interested in the expected lessening of the work in the large postoffices of the country by the introduction of new stamping machines. THE boiler of the Brookhaven (Miss.) Machine Co. exploded, instantly killing James Hoskins, fireman, and wounding c. A. Woodbury. Hoskins' head was blown off.