Home Savings Bank (Boston, MA)

Episode Information

Episode UID
5012070910
Episode Type
Run Only
Bank Type
savings
Bank ID
501207 routing
Routing Number
5-0120
Start Date
October 15, 1875
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0bd6252673af235b

Response Measures

None

Events (1)
1. October 15, 1875 Run
Cause Details
No specific trigger given in articles; general heavy withdrawals by depositors.
Measures
Paying all depositors who presented themselves without requiring the regular contractual notice; may require notice if withdrawals increase.
Newspaper Excerpt
There was quite a run on the Home Savings Bank of this city to-day; the officers state that it is in a perfectly safe condition.
Source
newspapers

Newspaper Articles (10)
1. October 16, 1875 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, October 16, 1875

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Minor Telegrams. The grand jury of New York has indieted Dolan for the murder of Noe. General B. F. Butler delivered a lecture on finance at Cooper Institute to a well filled hall. Hon. W. Cushing, youngest brother of Caleb Cushing, died at Newberryport, Vt., yesterday. The Dutch ship, William Poolman, Captain Voeld, was totally destroyed by fire at sea. The crew was saved. George Edmondson, the negro who raped a white woman in Fayette county, has been captured in Atlanta, Georgia. A run was made yesterday on the Home Saving Bank, of Boston, the bank paying all who came without issuing notes. A London dispatch states that Minister Wade has telegraphed that he has obtained a satisfactory guarantee from the Chinese Government. The seats around the race track at Greenfield, Ohio, fell with a thousand men, women and children, severely injuring a large number of them. A Constantinople dispatch states that a force of two thousand insurgents have been defeated by the Turks, One hundred and sixty were killed, and the rest took to flight. The Colored Coach-Drivers' Association of New York, while returning from a pic-nie, were assaulted by rowdies and two of their number killed. Seven of the assailants have been arrested.

2. October 16, 1875 The Sun New York, NY
Article from The Sun, October 16, 1875

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A Run on a Boston Savings Bank. BOSTON, Oct. 15.-There was quite a run on the Home Savings Bank of this city to-day, which continued to the close of bank hours. The officers of the bank state that it is in a perfectly safe condition. The bank will undoubtedly adopt the policy of requiring the notice provided for in the contract with each depositor.

3. October 16, 1875 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 16, 1875

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Run on a Savings Bank. BOSTON, October 15.-There was quite a run on the Home Savings Bank, of this city, to-day. The officers state that the bank is in a safe condition and that they are paying all that come without requiring the regular notice, and expect to continue so to do. The semi-annual dividend on earnings amounts to about $200,000 and its distribution calls, nearly $30,000. Depositors, should the run continue on the bank, will undoubtedly be required to give the notice provided for in its contract with each depositor.

4. October 16, 1875 Knoxville Daily Chronicle Knoxville, TN
Article from Knoxville Daily Chronicle, October 16, 1875

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HOME NEWS. Gov. Ames Satisfied that Peace will be Maintained in Mississippi. WASHINGTON, D. C, Oct. 15.-The following was received here to-day "JACKSON, Oct. 14, "To Hon, H. R. Pease, Washington: Military operations have been suspended by Gov. Ames, based upon the most full, ample and minute assurances of the leading citizens of the State that there shall be peace and a free election. They would not undertake to answer for the lawlese, but they guarantee to aid the civil officers in the execution of the laws. The Governor expresses himself wholly satisfied with the Residiances, and alleves they are nade letter 90 faith and desire for peace revails ara ng all tresses of good citizens who are greatly encou LAKE, JR aged. U.S. Marshal. BATON ROUGE, Oct. 15.-Goe. Antoine, of New Orleans, and John Gair were arhere rested yesterday by deputy sheriff to Woodward, charged with being accessory the poisoning of J. W. Sanders. They were taken by the deputy sheriff and posse towards Clinton. Reports here say that John Gair was shot to death on the road, and his sister-in-law hung in the court house square at Clinton. Mrs. Gair is here not disturbed. VICKSBURG, Oct. 15.-An examination of three mea charged withshooting negroes was postponed untill Wednesday. NEW YORK, Oct. 15.-Gen. Butler lectured on finance at Cooper Institute. The attendence was large. The Grand Jury have indicted Dolen for the murder of Noe. GREENTIELD, O., Oct. 15.-The seats around the race track fell, with 1,000 men, women and children seated thereon, severely injuring a large number. SAN FRANCISCO, Oct. 14.- - A sharp shock of an earthquake was experienced here this evening about 6 o'clock. The vibrations were from east to west. Advices from Santa Clara Valley, south of here, mention the occurrence of a similar shock there. No damage reported. ATLANTA, GA., Oct. 15.-Edmondson, the negro that raped a white woman in Fayette county, was captured in this city to-day. BOSTON, Oct. 15.-There was quite a run on the Home Saving's Bank to-day. The bank paid all that came without exacting notice. NEWBERRYPORT, Oct. 15.-Hon. Wm. Cushing, youngest brother of Caleb Cushing, is dead. BINGHAMPION, N. Y, Oct. 15.Minnie Gennon, aged 9 years, while walking with a younger sister, was waylaid and outraged. The children's screams brought a men came ruffian fled to time two ladies party to their of the assistance. woods, making up, At the same when good the his escape. Subsequently a young man named Jos. Lovert was arrested and identified. The officers had trouble keeping the people i from him. The girl may die.

5. October 16, 1875 The New York Herald New York, NY
Article from The New York Herald, October 16, 1875

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RUN ON A BOSTON BANK. BOSTON, Mass., Oct. 15, 1875. There was quite a run on the Home Savings Bank, of this city, to-day, which continued to the close of bank hours. The officers of the bank state that it is in a perfectly safe condition; that they are paying all that come, without requiring the regular notice, and expect to continue so to do. The semi-annual dividend of their earnings amounts to about $200,000, and its distribution calls nearly 30,000 depositors to the bank. Unless the withdrawal of deposits continues to increase the bank will continue to pay without requiring notice; but, should it continue, the bank will undoubtedly adopt the policy of requiring the notice provided for in the contract with each depositor.

6. October 18, 1875 Evening Star Washington, DC
Article from Evening Star, October 18, 1875

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THE RUN ON THE HOME SAVINGS BANK, of Boston, was continued on Saturday, but as the state bank examiner testifies to the soundness of the concern, more confidence was manifested by the depositors.

7. October 18, 1875 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 18, 1875

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The Ron on a Roston Savings Bank. BOSTON, October 16.-The run on the Home Savings Bank continues. Com. missioner Getchel certifies that the bank is able to pay all its depositors. Offers of assistance, if needed, have been made by several city banks.

8. October 20, 1875 The Sun New York, NY
Article from The Sun, October 20, 1875

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Run on a Savings Bank. BOSTON. Oct. 19.-The run on the Home Savings Bank continued to-day, and over fifty thousand dollars were p. 10 to depositors. NEW JERSEY.

9. October 20, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, October 20, 1875

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TELEGRAPHIC CLIPPINGS. Yesterday was the second day of the Baltimore races. Seven stores at Charleston, West Virginta, burned last night. Don Carlos has imprisoned General Dorregaray and other chiefs. Prof. Wheatston is very ill in Paris with congestion of the lungs. The steamer China, from Beston, arrived at Queenstown yesterday. The steamer Waldensian, from Mor treal, arrived at Glasgow yesterday. A dispatch from Berlin says that Khckand will probaby be annexed to Russia. The steamer State of Virginia, from New York, arrived at Glasgow, yesterday. The steamer City of Chester, from Liverpool, arrived at New York yesterday. The stramehip Pennsylvania, from Liverpool, arrived at Philadelphia yesterday. Fourteen stores at Anderson, Texas, burned yesterday. Loss forty thousand dollars. A snow storm. the first of the season, occurred at Port Jervis, New York, Saturday night. It is officially reported that ther are only two thousand Carlists remaining in Catalonia. The steamer Feraday Failed from London yesterday to repair the direct United States cable. A noted bank robber named Dunn, paped from the penitentiary at Columbus, Ohio, Monday. Nine out of twenty-tw prisoner in the county jail at Council Bluffs, Iowa, escaped yesterday. Captain John Mulrine, an old and well known steamboatman, died in Wheeling, West Virginia, Saturday. The Palo Alto mills, at Pittsburg, Pennsylvania, resumed work on Monday, after being idle for three years. The run on the Home savings bank, in Boston, still continues. Over filty thousand dollars were paid to depositors yesterday. Daniel Sullivan stabbed Neil Davis three times in St, Louis yesterday, from which he died in a few minutes. Sullivan was arrested. The twenty-eventh annual meeting of the General Christian Missionary convention of America opened in Louisville, Kentucky, yesterday. Jacob Sanderlin has been found guilty of murder in the first degree for the sheoting of Louisa Lieberman, in New York, on the nineteenth of April. His sentence was postponed until to-day. A small tenement-house in Oil City, Pennsylvania, burned yesterday. A little girl about four years old was burned to death, and 6 boy badly injured. About one thousand Pottswatomie Indians, an adyance party of the tribe from near Topeka, Kanasa, passed through Oekmalgee, Indian Territory, yesterday, for their new home in the Indian Territory. William T. B. Abbe, a potter, was caught in a grinding mill at St. Louis yesterday and terribly injured. His face was partially crashed, and one arm so badly as to necessitate amputation. Joseph Grimes got drunk, went into a negro woman's house in St. Generieve, Missouri, a a went to bed. "Bad Anne!! as she is called, returned home, and, failing to wall e him up, she got an ax and split his skull wide open, killing him instantly. James Ricker shot and killed his two sons, aged SEX and ten, at Hackettstown, New Jersey. Saturday, and shot at his wife, but missed. He then shot hinself in the head, bot the wound is not serious. Ricker was arrested, Domestic troubles led to the crime.

10. January 13, 1876 The New York Herald New York, NY
Article from The New York Herald, January 13, 1876

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The Michigan Central Railroad Company report its earnings and expenses for the month of November, 1875, as follows:$587,269 Gross earnings 393,661 Operating expenses 67 2-10 per cent $193,598 Net earnings The gross earnings for same time in 1874 (operating expenses not reported) having been $654,206 there is a decrease in gross earnings of $66,937. The foregoing is a curious commentary upon the recent report of a competing road, wherein it was claimed that the operating expenses of the last three months had been reduced to 61 8-10 per cent of gross earnings against over 76 per cent for the previous nine months. The failure of the West Boston Savings Bank has caused some anxiety among depositors in other Boston savings banks, as indicated by a slight run to-day upon the Home Savings Bank. The Board of Trustees of the latter institution held a meeting this morning and resolved that until further notice no payment of more than $50 per month shall be made to any depositor, except in the mode required by the laws of the bank. An elderly gentleman of moderate means visited the Stock Exchange to-day in search of the "broker" who a few weeks since promised him a "brown stone front if he would lay in a little Union Pacific and Pacific Mail" at 79 and 41 respectively. The gentleman expressed himself as anxious to learn the optnion of that "broker" as to the future prices of Lake Shore and Northwest stocks. The rumor that the Governor of Wisconsin in his Message to the Legislature would recommend the repeal of the "Potterlaw" was to-day industriously circulated among the habitués of the Stock Exchange. As the Message will probably be delivered to-morrow (Thursday). the truth or falsity of the rumor will soon be known. Another rumor was in circulation to the effect that the coal companies of Pennsylvania have not yet been able to come to an agreement for the continuance of the combination which has maintained the price of coal for the past three years. Messrs. Mitchell, Green & Stevens, dry goods, of Bos. ton, are reported failed. Messrs. Easton & Milne, bankers, of Fall River, who suspended last week, have been advised by a creditors' committee to go into voluntary bankruptcy. It is thought that the unsecured creditors will realize only 15 to 20 per cent. The Commissioners of the District of Columbia ask the House to appropriate $242,779 currency, in addision to the $40,000 on hand for the payment of the February interest on the 3.65 bonds, to avert a default in the payment of interest. They propose a bill transferring the management of the bonded debt of the District to the Treasury Department. The Committee of Ways and Means have decided not to consider the financial question until the subject shall be more fully presented. Bills are already before them touching the resumption of specie payment, &c., and more are expected.