Trenton Saving Fund Society (Trenton, NJ)

Episode Information

Episode UID
55007471123
Episode Type
Run Only
Bank Type
savings
Bank ID
5500747 routing
Routing Number
55-0074
Start Date
July 29, 1893
Location
Trenton, New Jersey (40.217, -74.743)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7f6c77a3bbde2e1

Response Measures

None

Events (1)
1. July 29, 1893 Run
Cause
Local Banks
Cause Details
Contagion from actions of other savings banks (presidents requiring thirty days' notice) prompted withdrawals
Measures
Paid withdrawing depositors in new silver dollars received from the Philadelphia Mint
Newspaper Excerpt
A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out.
Source
newspapers

Newspaper Articles (10)
1. July 29, 1893 Evening Star Washington, DC
Article from Evening Star, July 29, 1893

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Article Text

IT CAUSED A RUN. Effect of the Decision of the New York Brooklyn Savings Bank Presidents. BROOKLYN, N. Y., July --There is . slight run on the Brooklyn Savings Bank. About 100 people are in line. The run 18 caused by the action of the savings hank presidents yesterday requiring thirty days notice. Cashier Flandreau said the bank was in good condition and all depositors who demand their money today will be paid in full. The Dime Savings Bank and the South Brooklyn Savings Bank both put into open. ation today the thirty and sixty day rule, The General Savings Bank of Kings county announces that they will put the same rule into operation on Monday morning, All of the savings banks of Kings county will probably do the same. Able to Stand Runs. TRENTON, N. J., July 29.-A run come menced this morning on the Trenton Savings Bank and by noon about $30,000 was paid out. The bank is one of the strongest in the state, having 8. clean surplus of $268,000. The money paid out this morning was in new silver dollars just received from the Philadelphia mint. All the Trenton banks are in excellent shape and no suspensions will occur. NEWARK. N. J., July 29.-There is . slight run today on the Howard Savings Institution of this city. A long double line of depositors has been passing in front of the paying teller's window all the morning. The officers of the bank say that they have plenty of money on hand to pay all demands. The Howard is the strongest savings bank in the city.

2. July 29, 1893 The Jersey City News Jersey City, NJ
Article from The Jersey City News, July 29, 1893

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Article Text

Run on a Brooklyn Bank. BROOKLYN, N. Y., July 29, 1893. - There is a slight run on the Brooklyn Savings Bank. About one hundred people are in line. The run is caused by the action of the Savings Banks Presidents yesterday requiring thirty day's notice. Cashier Fiaudreau said the bank was in good condition and all depositors who demand their money today will be paid in full. The Dime Savings Bank ot Brooklyn and the South Brooklyn Savings Bank both put into operation today the thirty and sixty day rule, The Germania Saylugs Bank of King's County announce that they will put the same rule into operation ou Mondav morning. All of the Savings Banks of King's County will probably do tbe same. Run in Trenton. Special to The Jerseu City News. TRENTON, July 29, 1893.-A run commenced this morning on the Treuton Savings Bank, and by noon about $30,000 was cald out. The bauk is one of the strongest in the State, having k clexu surplus of $268,000. The money paid out this morning was in new silver

3. July 29, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 29, 1893

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Article Text

Paid in Nilver Dollars. TRENTON, N.J., July 29.-A run began on the Trenton savings bank this morning. The bank is one of the strongest in the state and no danger 18 looked for BB a result of the run. Withdrawing depositors were paid in silver.

4. July 30, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, July 30, 1893

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Article Text

SCARED DEPOSITORS. TRENTON, N.J., July 29.-A run was commenced this morning on the Trenton Savings bank, which has a surplus of $268,000. All the banks are in excellent shape and it is thought that no suspension will occur. BROOKLYN, N. Y., July 29.-There was n slight run on the Brooklyn Savings bank today, caused by the action of the savings bank presidents. The cashier said that the bank was in good condition. The depositors were all paid in full. One bank has already put into operation the sixtyday rule, and it is likely that the other banks will follow suit.

5. July 30, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 30, 1893

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Article Text

New Jersey Banks. TRENTON, N. J., July 29.-A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out. This bankisone of the strongest in the State, having a clean surplus of $268,000. NEWARK, N. J., July 29.-There was a run to-day on the Howard Savings Institution. of this city. A long double line of depositors passed in front of the paying teller's window all morning. The bank officials say they have plenty of money on hand to pay all demands. The Howard is the strongest savings bank in the city.

6. July 30, 1893 The Times Richmond, VA
Article from The Times, July 30, 1893

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Article Text

MORE FINANCIAL TROUBLES. The Citizens' Savings and Loan Association Closed. AKRON, O., July 29.-The Citizens' Savings and Loan Association of Akron closed its doors this morning. The cause given is the constant drain upon its resources by the drawing out of deposits. The bank is regarded as perfectly sound in condition, and will pay dollar for dollar. The capital stock is $100,000 with $80,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron. Tannie Aeld Factory to Shut Down. KNOXVILLE, TENN.. July 29.-The tannic acid factory of this city will be shut down next week indefinitely. This plant was erected several months since by the Standard Tannery Company, of Chicago, and represents an outlay of over $100,000. Over 200 men will be thrown out of employment. Run on Trenton Savings Bank. TRENTON, N. J., July 29.-A run com. menced this morning on the Trenton Savings Bank, and by noon about $30.000 was paid out. The bank is one of the strongest in the State, having a clean surplus of $260,000. The money was in new silver dollars, just received from the Philadelphia mint. All Trenton is in excellent shape, and no suspensions will occur. Pineville Banking Company Closed. LOUISVILLE, KY., July 29.-The Pineville Banking Company, at Pineville, closed its doors yesterday. It was considered the best bank in Southeastern Kentucky. The president will surrender all his individual property to help the bank out. Farmers and Merchants Bank. COVINGTON, IND., July 29.-The Farmers' and Merchants' Bank, of this

7. July 30, 1893 The Morning News Savannah, GA
Article from The Morning News, July 30, 1893

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Article Text

A Run on a Trenton Bank. Trenton, N. J., July 29.-A run commenced this morning on the Trenton Savings bank, and by noon about $30,000 had been paid out. The bank is one of the strongest in the state, having a clean surplus of $260,000. The money paid out this morning was in new silver dollars just received from the Philadelphia mint. All the Trenton banks are in excellent shape, and no suspensions will occur.

8. July 30, 1893 The Sun New York, NY
Article from The Sun, July 30, 1893

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Article Text

APT TO STOP THE RUN. A Treaton Savings Bank Paying Its Depositors in Silver Dollars. TRENTON. N. J., July 29.-A run commenced this morning on the Trenton Savings Bank. and by noon about $30,000 was paid out. The bank is one of the strongest in the State. having a clean surplus of $268,000. The money paid out this morning was in new silver dollars just received from the Philadelphia Mint. All the Trenton banks are in excellent shape. and no suspensions will occur.

9. July 30, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, July 30, 1893

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Article Text

BANKRUPT BREVITIES. As a result of the action of the say ings banks presidents of New York and Brooklyn at the meeting Friday night, declaring they would require legal no tice for the withdrawal of funds, there were slight runs on savings banks there yesterday. They were all able to protect themselves under the time clause of th law, and no failures occurred or are anticipated. The First National bank of Kanka kee, Ills., failed yesterday; assets suf ficient to pay depositors in full, A run was begun on the Trenton N. J.Savings bank yesterday; but as the bank is one of the strongest in the state no danger it looked for. The withdrawing depositors were paid in silver dollars. As a result of malicious rumors a run was started on the Dollar Sav ings and Trust company of Youngs town, Ohio, yesterday. The bank re quired the legal notice and not a dollar paid out. It has wealthy stockholders, and a number of the merchants drew large sums from the other banks and deposited with it, thus allaying the excitement. The McNeal & Urban Safe and Lock company of Hamilton, Ohio one of the oldest safe firms in the country has assigned; assets $160,000; liabilities un known. The firm claims to be solvent. A meeting of the creditors of Foster & Co., and Charles W. Foster of Fos teria, Ohio decided to employ an expert to examine the books to see whether there are any irregularities in recent transfers of real estate.

10. July 30, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 30, 1893

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Article Text

Paid in Silver Dollars. TRENTON, N. J., July 29.-A run began on the Trenton Savings bank this morning. The bank is one of the strongest in the state and no danger is looked for as a result of the run. Withdrawing depositors were paid in silver.