5642. Peoples Savings Bank (Evansville, IN)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
July 22, 1892
Location
Evansville, Indiana (37.975, -87.556)

Metadata

Model
gpt-5-mini
Short Digest
3ecdec89

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous newspaper reports (July 22–24, 1892) describe a run on the People's/Peoples Savings Bank in Evansville caused by a practical joke/canard. The bank paid depositors promptly, was reported solvent with large cash on hand, and there is no mention of any suspension, receivership, or permanent closure. OCR variants in articles produce differing reported withdrawal totals ($3,800; $40,000; $240,000); I do not invent which is correct and report the event once on 1892-07-22 (first report).

Events (1)

1. July 22, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
A practical joke/canard (false report) circulated and magnified, prompting frightened depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
A joke/canard started the run; false report by a practical joker
Measures
All depositors were paid promptly; bank paid out withdrawals and retained large cash reserves (reported $500,000 on hand) and could borrow additional funds from other banks.
Newspaper Excerpt
RUN ON A BANK. A Joke Costs a Savings Bank a Large Reduction in Deposits. EVANSVILLE, July 22.-A run was started on the People's Saving bank today and at the closing hour about $240,000 had been paid to frightened depositors.
Source
newspapers

Newspaper Articles (10)

Article from Grand Rapids Herald, July 23, 1892

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Article Text

RUN ON A BANK. A Joke Costs a Savings Bank a Large Reduction in Deposits. EVANSVILLE, July 22.-A run was started on the People's Saving bank today and at the closing hour about $240,000 had been paid to frightened depositors. The panic was caused by a joke that magnified as it went the rounds and tinally became serious. Many people were at the bank at daylight this morning so anxious were they. All depositors were paid promptly without a question. The bank 18 solvent and has a surplus over moneys deposited. They have in cash over $500,000 to meet claims, and can raise $250,000 if needed from other banks.


Article from New-York Tribune, July 24, 1892

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Article Text

RUN ON A BANK CAUSED BY A JOKE. Evansville, Ind., July 23.-A silly joke caused a small run on the People's Savings Bank. About $3,800 was withdrawn, mostly small savings of poor people. The bank Is said to be in sound condition, and has $500,000 in its vaults, and can pay out every dollar of its liabilities and have a big surplus left.


Article from Pittsburg Dispatch, July 24, 1892

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Article Text

# LATE NEWS IN BRIEF. -Mt. Etna is said to be subsiding. -The grip is increasing in Valparaiso. -Smallpox in British Columbia has been eradicated. -Cubans in Chicago are aching for a war of independence. -Friday was the hottest day of the sum- mer at Ft. Wayne, Ind. -The cases of the Taney county lynchers have been nolle prossed. -Weaver will swing around the circle through the silver States. -The Honduras Government has closed its coast to foreign commerce. -Newfoundland will receive an Imperial loan for the benefit of St. John fire sufferers. -The amnesty bill has passed its third reading in the Brazilian Chamber of Depu- ties. -Dr. Talmage is still the lion of the hour at St. Petersburg, where he is the guest of the Czar. -The strike of Wabash Railroad men in Indiana has ended in a complete victory for the men. -A joke started a run on the People's Savings Bank at Evansville, Ind., which weathered the gale safely. -A Sioux City man named Doc Reynolds has been arrested for passing Confederate bills upon ignorant Italians. -An earthquake at Guadalajare, Mexico, damaged the State House, cathedral, hos- pital and many private houses. -The Egbas tribe in South Africa who were recently reduced to subjection by the British, are becoming aggressive again. -Three men, who had been entombed for a long time in a mine at Bilin, a town of Bohemia, have been rescued alive. They had been without food for 17 days. -Canadian militia have been ordered to Isle Aux Coudras, where Bouchard, the liquor smuggler, has successfully resisted the customs officer. Bloodshed is expected. -For the second time in the history of Canada exports have exceeded imports, the only other year in which the balance of trade was in favor of the Dominion being 1880. -San Antonio police have arrested Joe McDonald, a painter and fire bug, who has started many a blaze in that city. He had a large amount of stolen goods in his pos- session. -Five of the largest breweries of Cincin- nati have entered into a combination to sell beer at $7 per barrel. The price heretofore has been $8 per barrel. A beer rate war is imminent. -Edward Deacon has begun a criminal action against his wife. The action has been instituted, it is said, to enable Mr. Deacon to get possession of the children upon his release from prison. -Captain Lloyd, owner of the Detroit garbage boat, was fined $400 at Amherstburg Friday for violating the customs law in dis- charging cargo without clearance papers. The cargo consisted of garbage. -The State Turnfest, being held in Du- luth, has adopted resolutions condemning the interference of any religious sect with the public school system. This is a direct disapproval of the Faribault system. -Shortly after Friday midnight, Mr. and Mrs. Jacob Scott, of Denver, were almost chopped to pieces in their bed, presumably by Peter Heenan, the divorced husband of Mrs. Scott, who used a hatched. He escaped. -Michael Cucovich, armed with a rifle, held up a stage near Stockton, Cal., Friday. The Sheriff and police pursued him. The robber hid himself and shot the constable, Carroll. He was finally caught and is now in jail. -The latest sea serpent yarn comes from Kingston, Ont. A man and wife sailing in a skiff on Lake Ontario claim to have en- countered one 30 feet long, which they beat oft with an oar. It disappeared, hissing like a buzz saw. -The consignees of the Norwegian ship Frank Corville, from Glasgow for San Diego, have about given her up. She sailed 205 days ago with a cargo of Scotch splint coul consigned to the Spreckles Brothers Com- mercial Company. -Photographer C. W. Page, whose young wife died at Bangor, Mich., July 5, of poison under suspicious circumstances, was ar- rested at Hammond, Ind., Friday night, charged with murder. Mrs. Eliza Tobin, of South Chicago, Page's partner, was arrested on the same charge. -Secretary Foster has instructed Minister Egan to press the settlement of all out- standing claims against Chile. Some of them have been pending since 1828. The claims aggregate several millions of dollars. Secretary Foster has proposed that the matter be settled by arbitration.


Article from The Wheeling Daily Intelligencer, July 25, 1892

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Article Text

CONDENSED TELEGRAMS. Cubans in Chicago are aehing for a war of independence. The cases of the Taney county lynchers have been nolle prossed. Weaver will swing nround the circle through the silver states. Newfoundland will receive an imperial loan for the benefit of St. John fire sufferers. Now Foundland will receive an imperial loan for the benefit of St. John fire sufferers. Dr. Talmage is still the lion of the hour at St. Patersburg, where he is the guest of the czar. The strike of the Wabash Railroad men in Indiana has ended in a completo victory for the men. A joke started a run on the People's Savings Bank at Evansville, Ind., which weathered the gale safely. A Sioux City man named Doc Reynolds has been arrested for passing Confoderate bills upon ignorant Italians. An earthquake at Guadalajare, Mexico, damaged the State House, cathedral, hospital and many private houses. The Egbas tribe in South Africa who were recently reduced to subjection by the British, are becoming aggressive again. Three men, who had been entombed for a long time in a mine at Bilin, a town of Bohemia, have been rescued alive. They had been without food for 17 days. Canadian militia have been ordered to Islo Aux Condras, where Bouchard, the liquor smuggler, has successfully resisted the custom officer. Bloodshed is expected. For the second time in the history of Canada exports have exceeded imports ports, the only other year in which the balance of trade was in favor of the Dominion being 1880. San Antonio police hare arrested Joe McDonald, a painter and fire bug who has started many a blaze in that city. He had'a large amount of stolen goods in his possession. Five of the largest breweries of Cincinnati have entered into a combination to sell beer at $7 per barrel. The price heretofore has been $8 por barrel. A beer rate waris imminent. Edward Deacon has begun a criminal action against his wife. The action has been instituted, it is said, to enable Mr. Deacon to get possession of the children upon his release from prison. Capt. Lloyd, owner of the Detroit garbage boat, was fined $400 at Amherstburg Friday for violating the customs law in discharging cargo without clearance papers. The cargo consisted of garbage. The state turnfest, being held in Duluth, has adopted resolutions condemning the interference of any religious sect with the public school system. This is ft direct disapproval of the Faribault system.


Article from Evening Star, July 26, 1892

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Article Text

The strike of Wabash railroad men in Indiana has ended in a complete victory for the men. A joke started a run on the People's Savings Bank at Evansville, Ind., which weathered the gale safely.


Article from The True Northerner, July 27, 1892

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Article Text

THE BANK STOOD THE RUN. A Panic Caused by a Joke Makes Depositors Draw Their Money. At Evansville, Ind., a run was started on the People's Savings Bank. and at the closing hour about $40,000 had been paid to frightened depositors. The panic was started by a joke that magnifed as it went the rounds and finally became serious. Many poor people were at the bank at daylight, SO anxious were they. All depositors were paid promptly without a question. The bank is solid and has a surplus over moneys deposited They have in cash over $500,000 to meet claims and can raise $250,000, if needed, from other banks.


Article from Crawford Avalanche, July 28, 1892

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Article Text

THE BANK STOOD THE RUN. A Panic Caused by a Joke Makes Depositors Draw Their Money. At Evansville, Ind., a run was started on the People's Savings Bank. and at the closing hour about $40,000 had been paid to frightened depositors. The panic was started by a joke that magnified as it went the rounds and finally became serious. Many poor people were at the bank at daylight, SO anxious were they. All depositors were paid promptly without a question. The bank is solid and has a surplus over moneys deposited They have in cash over $500,000 to meet claims and can raise $250,000, if needed, from other banks.


Article from The Princeton Union, August 4, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in a well regulated penitentiary.


Article from Courier Democrat, August 11, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in a well regulated penitentiary.


Article from The Bottineau Pioneer, August 13, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five nirthful years in a well regulated peniten' "y.