Article Text
P Feared a Failure. Natick, Mass., March 15.-A run on the Natick Five-Cent Savings bank is /
Natick Five Cents Savings Bank (Natick, MA)
Episode Information
- Episode UID
53038571215- Episode Type
- Run Only
- Bank Type
- savings
- Bank ID
-
5303857routing - Routing Number
53-0385- Start Date
- March 15, 1901
- Location
- Natick, Massachusetts (42.283, -71.350)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
5c7f6617147344da
Response Measures
None
Events (1)
1.
March 15, 1901
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Rumor concerning the bank's solvency, apparently sparked by sale/offering of some shares the bank held for investment.
- Measures
- Trustees posted statements of condition in the windows and applicants were paid promptly.
- Newspaper Excerpt
- A run on the Natick Five Cents Savings Bank is in progress... The run was precipitated by a rumor concerning the solvency of the institution.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Run on a Bank. Natick, Mass., March 15.-A run on the Natick Five Cent Savings Bank is in progress, a large number of depositors having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,150,000 and is regarded as one of the strongest banks in New England,
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RUN ON SAVINGS BANK. Natick, Mass., March 15.-A run on the Natick Five Cents Saving Bank is in progress, large numbers of depositors from Natick, Framingham and Saxonville having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution which has as ets of $2,188,688 and is regarded as one of the strongest banks in New England.
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RUN ON SAVINGS BANK: Rumor of Insolvency Starts It at Natlek, Mass. NATICK, Mass., March 15-A run on the Natick Five Cents Savings Bank is in progress, large numbers of depositors from Natick, Framingham and Saxonville having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,188,688, and is regarded as one of the strongest banks in New England.
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RUN ON THE BANK. Natick, Mass, March 16.-The depositors of the Natick Five Cents savings bank to-day continued the run which was begun yesterday and the line up in front of the door began as early as 8:30. By 10 o'cleck there were nearly seventy people who were waiting to draw their money. In the windows of the institution cards giving a statement of the bank's condition, signed by the trustees had been posted. The cards showed assets of $2,200,379.94: deposits, $2,032,287.19; surplus, $168,092.75. At 10:30 the excitement had quieted down 2 little. All applicanta were paid promptly.
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Run on a Savings Bank. Natick. Mass., March 15.-A run on the Natick Five Cents Savings bank is in progress, large numbers of depositOI'S from Natick, Framingham and Saxonville having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,188,688 and is regarded as one of the strongest banks in New England.
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Run on a Strong Savings Bank. Natick, Mass., March 15.-A run on the Natick Five-Cents Savings Bank is in progress. large numbers of depositors having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,188,688, and is regarded as one of the strongest banks in New England.
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TELEGRAPHIC BREVITIES. New York-The American Sugar Refining company reduced the price of No. 1 refined 5 points to 4.30c. Cloverport, Ky.-Seventy-one buildings were destroyed by fire here Thursday. Practically complete estimates of the losses bring the total up to $400,000, with insurance amounting to $128,000. Springfield, Ill.-Smallpox throughout the state continues unabated, and, according to reports at the state board of health, there is imminent danger of the disease spreading at several points. New Orleans-It is announced here that Lamar C. Quintero, a member of the local bar, and attache of the Picayune staff, has been appointed to the supreme bench of the Philippines, at a salary of $7,000. Lincoln, Neb.-The following ballot was taken on United States senator: W. H. Thompson, 8; Allen, 27; Hitchcock, 34; J. E. Miller, 40; D. E. Thompson, 37; Crounse, 7; Currie, 15; Hinshaw, 20; Meiklejohn, 31; Martin, 4; Rosewater, 17; scattering, 12. Kansas City-Mrs. Carrie Nation, who has been visiting here for two days, was arrested in Union avenue, near the union depot for obstructing the sidewalk, where she had stoped to harange a crowd. She was released on her promise to depart on the next train for Topeka. Easton, Pa.-The Easton board of school controllers refused to increase the tax rate one-half a mill for the maintenance of a public library, thereby practically refusing the offer of Andrew Carnegie to give the town $50,000, providing the city would appropriate $5,000 for the maintenance of the library. Berkeley, Cal.-John Enoch Pond, at present a member of the middle class of the Berkeley high school, has been appointed the first naval cadet from the Hawaiian islands. The appointment was secured by Delegate Wilcox. Young Pond is the son of Lieutenant Commander Charles F. Pond, commander of the United States ship Iroquois, now stationed at Honolulu. Natick, Mass-A run on the Natick Five-Cent Savings bank is in progress, large numbers of depositors from Natick, Framingham and Saxonville having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution,, which has assets of $2,188,688, and is regarded as one of the strongest banks in New England.
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Run on a Savings Bank. I (By the Associated Press.) Natick, Mass., March 15.-A run on the Natick Five Cents Saving Bank is in progress, large numbers of depositors having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution which has assets of $2,188,688 and regarded as one of the strongest banks in New England.
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Run on Massachusetts Bank. A run on the Natick (Mass.) Five Cents Savings bank started Friday and a large number of depositors from Natick, Farmingham, and Saxonville appeared at the bank's doors to draw out their money, a rumor having gained currency that the institution was insolvent. The bank has assets of $2,188,688.24 and is regarded as one of the strongest banks in New England. The rumor arose through offering for sale of some of the bank's shares. According to an officer of the institution, the bank has been desirous of disposing of several shares which it had held for investment. From this, it appears, a report spread that the bank was in need of cash and was offering shares to obtain it. The bank is entirely solvent.