5158. Dime Savings & Trust Company (Peoria, IL)

Bank Information

Episode Type
Run Only
Bank Type
trust company
Start Date
October 5, 1889
Location
Peoria, Illinois (40.694, -89.589)

Metadata

Model
gpt-5-mini
Short Digest
c4e58de7

Response Measures

Accommodated withdrawals

Description

Contemporary reports (Oct 4-5, 1889) describe a 'canard set afloat in jest' that triggered heavy withdrawals. The bank paid out all deposits on demand and remained open late; there is no mention of suspension, receivership, or closure. I used 1889-10-05 as the event date (most dispatches cite Oct. 5).

Events (1)

1. October 5, 1889 Run
Cause
Rumor Or Misinformation
Cause Details
A false story (a 'canard' set afloat in jest) prompted depositors to withdraw large sums.
Random Run
Yes
Random Run Snippet
Canard set afloat in jest caused run; false story prompted withdrawals
Measures
Officials paid out all deposits on demand and kept the bank open late (until 10–11 P.M.) to allow withdrawals.
Newspaper Excerpt
A canard set afloat several days ago in jest caused a run upon the Dime Savings Bank of this city and thousands upon thousands of dollars were withdrawn. All deposits were promptly paid out on demand, and ... they kept their doors open till 10 p.m.
Source
newspapers

Newspaper Articles (9)

Article from Evening Star, October 4, 1889

Click image to open full size in new tab

Article Text

An Unnecessary Run on a Bank. PEORIA, ILL., Oct. 4.-A canard set afloat several days ago in jest caused a run upon the Dime savings bank in this city and thousands upon thousands of dollars were withdrawa yesterday afternoon. All deposits were promptly paid out on demand, and so great was the wish of the officials to do what was right that they kept their doors open till 10 p.m. to give all who wished a chance to withdraw.


Article from Pittsburg Dispatch, October 5, 1889

Click image to open full size in new tab

Article Text

LATE NEWS IN BRIEF. -Maurice Adier, who was shot by Frank Ward about four months ago, in Washington, died Thursday night. -The Chicago grand jury vesterday returned indictments against James E. Moore and William Wright for selling lottery tickets. -The Wareham, Mass., high school building was entirely destroyed by fire yesterday morning. Most of the contents were saved. -A collision occurred yesterday between a passenger and a freight train at Lasswitz, in Posen, Germany. Four railway officials, who were on the passenger train, were killed, and many of the passengers were injured. -Five cars of a west-bound passenger train were ditched near Cheyenne, Wyo., by the spreading of rails. Six persons were injured. Four ladies were seriously bruised, a porter's skull was crushed and the conductor had a leg crushed. -James Soward, supposed to be from Villisica, Iowa, was killed, and an engineer named Dillard and a Pullman car conductor named Putz, seriously injured, by the collision of two freight trains on the Union Pacific Railroad near Rosco station, in the Western part of Nebraska. -Two failures in Boston were reported yesterday. W. F. Johnston & Co., wholesale dealers in teas and coffee, assigned. It is said that an offer to settle with creditors at 40 cents on the dollar has been made. B. Bernardson, manufacturer of leather, also assigned. Liabilities about $16,000. -Two well known gamblers, Joseph M. Marcus and Napoleon White, committed suicide in New Orleans Thursday, the first named by shooting himself, and White by poisoning. Despondency, brought about by the closing of their gambling houses by the authorities, led them to self-destruction. -Three children named Walton obtained access to the powder house of the Gypsum mine at Cayuga, Ont., Thursday afternoon, and one of them lighted a match and ignited a quantity of powder. One of the children was literally blown to pieces, and the others were so badly injured that they cannot recover. -Captain Russell and First Lieutenant Hewett, of the wrecked British war ship Lily, have been reprimanded and dismissed from the service by the naval court martial convened at Halifax for the purpose of investigating the disaster. The court has been in session several days, and concluded the inquiry last night, -A canard set afloat several days ago in jest caused a run upon the Dime Savings Bank, of Peoria, Ill., and thousands upon thousands of dollars were withdrawn. All deposits were promptly paid out on demand, and so great was the wish of the officials to do what was right that they kept their doors open till 11 P. M., to give all who wished a chance to withdraw. -The Canadian Government will not appoint customs officers along the international frontier in the Northwest, being satisfied that the mounted police can control the frontier sufficiently. The principal articles smuggled are whisky and cattle. The Government is also satisfied that polygamy is not practiced by the Mormons settled at McLeod, Northwest Territory. -A boiler explosion occurred at the Indian Creek saw mill and lumber works, near Charleston, W. Va. A number of men were standing near by. Tom Leach and his son, Dick, a young man, were blown to pieces. Three others were seriously injured. Charles Anderson had an arm torn off. The names of the injured are not known. The cause of the explosion is a mystery, as the boiler had been lately tested, and it was in good repair. -The figures "3-7-77," the warning of vigilantes to hard cases, were chalked on street corners and printed in the papers of Helena, Mont., Thursday. This call for a return to the methods of early days was occasioned by the discovery of four fires in as many houses the night before, in the heart of the business section. All the fires were put out before serious damage was done, and in each case it was found that rags had been saturated with oil and fired. The city is patrolled by special police. -Miss Waterman, a teacher at Mount Pleasant. Providence, R. I., is charged with brutally beating Joseph Luby, a 10-year-old boy, with a rattan, and throwing him violently to the floor. She is also accused of walking on his prostrate form and striking him with a ruler, which cut his flesh and left black and blue marks on his body and face. School Committeeman West, who has looked carefully into the matter, says that Miss Waterman will be made an example of. Miss Waterman says that Luby's parents gave her permission to punish Joseph. -The managing politicians of the Democratic party in Indiana are afraid that the fight between Voorhees and Gray will be carried into the State campaign. At a meeting of the Executive Committee, to prepare for the contest, it was decided that it was of the highest importance that the rival leaders should be commanded to avoid anything like a conflict until after the members of the Legislature are elected. How it can be prevented, however, is not apparent, as both Voornees and Gray are


Article from The Indianapolis Journal, October 5, 1889

Click image to open full size in new tab

Article Text

Brief Mention. Fire destroyed Edd's cooper-shop at Pekin last night. Loss, $4,000; insurance, $2,000. Benjamin Hart committed suicide at Galesburg by drowing himself in a cistern containing only twenty-two inches of water. Judge Daniel Evans has begun a libel suit for $20,000. damages against Lester A. Rose, editor and proprietor of the Ottawa Evening Journal. Near Pekin, Joseph Reckner, a wealthy farmer, fell from his wagon at Beckwith's bridge, on the Mackinaw. Thursday night, and was instantly killed, his neck being broken. A daughter, aged three, of A. P. Downs, of Downs, McLean county, last evening, ate a piece of bread on which strychnine had been spread for rat poison, and died before medical assistance could be procured. Thursday afternoon J. D. Conrad, of Bloomington, a lad of nine, fell from a walnut tree, at Towanda, and received injuries that may prove fatal. His collar bone was broken and his shoulder dislocated, and he was shockingly cut about the face and neck on a barb-wire fence. The county assembly of the Farmers' Mutual Benefit Association of Fayette County held its semi-annual meeting at Vandalia, Thursday. Delegates were present from fifty-one lodges in the county. During the past twelve months over fifty lodges have been organized. The committees of the State Board of Equalization that have not already done so will report to the board to-day. The assessment of railroads and capital stock of corporations other than railroads will be on about the same basis as last year. The railroad assessment will be increased somewhat in the aggregate on account of increased mileage. Robbers broke into the Exchange Bank at St. Anne on Tuesday night, broke open the safe and made away with the steel chest inside the safe. The loss is between $1,500 and $2,000. The bank was a small one, and the money stolen belonged mostly to the village board and the school treasurer. There is no clew to the robbers. A canard set afloat several days ago in jest caused a run upon the Dime Savings Bank, of Peoria, and thousands upon thousands of dollars were withdrawn Thursday afternoon. All deposits were promptly paid out on demand. and so great was the wish of the officials to do what was right that they kept their doors open until 10 P. M. to give all who wished a chance to withdraw.


Article from Ceredo Advance, October 9, 1889

Click image to open full size in new tab

Article Text

Run on a Savings Bank. PEORTA, III., canard set afloat several days ago in jest caused a run upon the Dime Savings Bank of this city, and thousands upon thousands of dollars were withdrawn yesterday after noon. All deposits were promptly paid out on demand.


Article from The News-Herald, October 10, 1889

Click image to open full size in new tab

Article Text

Run on a Savings Bank. Peoria, n., Oct. 5.-A canard set afloat several days ago in jest caused a run upon the Dime Savings Bank of this city, and thousands upon thousands of dollars were withdrawn yesterday afternoon. All deposits were promptly paid out on demand.


Article from The Middleburgh Post, October 10, 1889

Click image to open full size in new tab

Article Text

SNAP SHOTS. HOME AND FOREIGN JOTTINGS. THE PITH OF MANY MATTERS OF MOMENT BRIEFLY PUT. J.W. Dean, a railroad workman of Tucker county, W. Va., lately on trial for bigamy, BunoA B 47141 company up Statement are seq girl of good family. It is alleged he has four wives living. A farmer of Marion county, Illinois, named McHatton has been sent to the penitentiary for one year for perjury in undervaluation of his property in making his return to the tax assessor. He returned his horses at $55; cattle at $39 and mules at $15. He submitted evidence on his trial that other stock on his farm were not his property, but the State's witnesses swore to the contrary, and he was sent to the penitentiary, besides having $248 in costs taxed against him. George Myers, married, and Mattie Silby eloped from near Peerless. Mrs. Myers got a pistol and overtook the runaways at Peerless and opened fire on the woman, which resulted in prabably fatally wounding her. A comsion occurred oetween a passenger and a freight train at Lasswitz, in Posen. Four railway officials, who were on the passenger train, were killed, and many 01 the passengers were injured. Smallpox is raging at Socorro, New Mex. ico. Boulanger says he will spend the winter Eggyt un The European wheat crop is 200,000,000 oushels short according to State department reports. The sultan is making dazzling prepara tions for Emperor William's visit to Con stantinople October 28. The grand jury at Chicago has returned indictments against James E. Moore and William Wright for selling lottery tickets. The New York Central is going to build the incinnati Louisville and Dayton Railroad, now being surveyed. Property for large yards has been purchased at Cincin nati. Some fool started a run on the Dime Sav. mgs Bank of Peoria, III., Thursday. The officials paid out many thousands and kept open up to 11 o'clock at night. All that was taken out was deposited again. I Warden wright, of the Western Penitentiary, has solved a perplexing problem. He has found means of employment for 713 convicts under his charge. The warden has found a market for the production of the broom factory he established last August. Australia has agreed to take all the broom he can send. 4 Mrs. MacRae, wife of a Presbyteria 4. elergyman in St. John, N. B., has beer A poisoned by strychnine, which was in candy sent to her husband by mail. Two other S ministers in St. John received poisoned . candy in the same way 1 The Pan-American delegates, who went West Point on Thursday evening, returned S to New York Saturday afternoon, making the trip down the Hudson river on the J cruiser Yorktown. They were transferred J from the Yorktown to the Puritan, which A left for Boston in the evening.


Article from The Mitchell Capital, October 11, 1889

Click image to open full size in new tab

Article Text

Serious Ending of a Senseless Jest. PEORIA, Ills., Oct. 5.-A canard, set afloat several days ago in jest, caused a run upon the Dime Savings bank of this city, and thousands upon thousands of dollars were drawn. All deposits were promptly paid out on demand, and so great was the wish of the officials to do what was right that they kept their doors open till 10 p. m. to give all who wished a chance to withdraw.


Article from Macon Beacon, October 12, 1889

Click image to open full size in new tab

Article Text

Run on a Savings Bank. PEORIA, Ill., Oct. 5.-A canard set afloat several days ago in jest caused a run upon the Dime Savings Bank of this city, and thousands upon thousands of dollars were withdrawn yesterday afternoon. All deposits were promptly paid out on demand.


Article from The Ohio Democrat, October 12, 1889

Click image to open full size in new tab

Article Text

Run on a Savings Bank. PEORIA, Ill., Oct. 5.-A canard set afloat several days ago in jest caused a run upon the Dime Savings Bank of this city, and thousands upon thousands of dollars were withdrawn yesterday afternoon. All deposits were promptly paid out on demand.