Rutland Savings Bank (Rutland, VT)

Episode Information

Episode UID
58001571121
Episode Type
Run Only
Bank Type
savings
Bank ID
5800157 routing
Routing Number
58-0015
Start Date
May 29, 1893
Location
Rutland, Vermont (43.611, -72.973)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e31151166bc75980

Response Measures

None

Events (1)

1. May 29, 1893 Run
Cause
Local Banks
Cause Details
Run was sparked by the failure of the Vermont Investment and Guarantee Company and recent failures elsewhere, alarming depositors.
Measures
All demands were paid in full; bank prepared for any emergency.
Newspaper Excerpt
There was a run on the Rutland Savings Bank; All depositors making demands were paid in full.
Source
newspapers

Newspaper Articles (11)

Article from Pawtucket Tribune, May 29, 1893

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A Rutland Savings Bank In Trouble. BENNINGTON, Vt., May 29.-There was Sur on the old savings bank in Rutland Saturday. All depositors making demands were paid in full. The run is an outcome of the failure of the Vermont Investment and Guarantee company. The bank has about $2,700,000 in deposits. It has been reckoned as strong as any concern in the state.


Article from Daily Kennebec Journal, May 30, 1893

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NEWS NUGGETS. Brought by the Wires From the North East South and West. run on the Rutland, Vt. Savings bank The was resumed Monday morning official report on the trial trip of at the 21 cruiser The New York places her speed knots. B. Cox, wool dealer. 568 said Atlan- to Frank Boston. has failed. He 18 nominal owe tic ave., about $60,000 and to have assets of $68,000. New Jenkins, the health officer at from Dr. Monday received a cablegram cholera York Dr. Nash at Hamburg, stating the has broken out there Smith says Edwin Booth passed morn- a Dr and was better Monday Saturday good night The reports of his relapse, ing. were greatly exagerated. been officially declared at to Ham have It has clerk who was supposed Sunday been burg suffering that a from diarrhar died night of Asiatic cholera. N. Ports Hardware Co., Fostoria, was The which ex-Secretary Foster 850,000; Ohio, has assigned. Liabilities terested assets in considerably more. his wife William Grabam and the Central Rev. walking to their home on were while track near Milner. Ga. Sunday I overtaken R. R. by a train and crushed to death Arrangements have been made steamers to ship gold by the mid-week 81,000. $2,500,000 York in addition to the sailing 000 from already New engaged for the Aller Tuesday Lackawanna Steel Company's 8125 north The at Seranton, Pa. was damaged works will I 000 mill by fire to Monday. shut down The for entire several months out of work. be Twelve obliged hundred hands will be thrown charges against Bishop Boacum Neb., Formal Catholic diocese of Lincoln, Satoll of the been forwarded to Mgr. incon have is charged with tyranny of the t petence, The bishop disobedience and violation Baltimore degree. f body of Charles S. Rogers. works presi it dent The of the Northwestern suicide cordage on the I St. Paul, has who been committed found in the Mississipp the n 19th inst., two and one-half miles below death. " river, bridge from which he leaped to his t of afternoon A. A. Zimmerman two Sunday New York Athletic Club, won the bicycle race# at Paris. He de at 500 the feated amateur Vogt, the Scotch champion, race defeat and in the 1000 metres of Ireland n metres, Ducross, the champion of t and ed both Dervel, the amateur champion France. schedules of G. A. Yates. N.Y. whole who The coal merchant, Rochester, The sole failed were filed Monday value recently total assets of the nominal total of e show actual value. 82.616.616; contingent $3,913,984, 82,757,040 $4,118. bilities, indebtedness, $1,361,823; total liabilities e f 863. There are at least ten thousand homeles Moor people in East Carroll, . and hungry West Carroll and Madison privations parish. to house, and the suffering and With Louisiana, undergoing are appalling. elevations. the In they exception are of a few small of the d whole the of the northeastern portion state is under water. f o The heaviest rainfall in many Mississippi years oc a throughout Tennessee. Saturday night a is t The whole country is to 1 curred Arkansas Sunday. and Louisiana done flooded the incalculable damage has been are out e All of the small streams rise in the h planters. banks and another big Francis and II Mississippi, of their Arkansas, St. y White rivers is expected. r, Guzman, the Nicaraguan minister that Dr. no official information States D has received desire the United country n. the Nicaraguans protectorate over that however, S. 8: to establish Guzman a is of the opinion. under Dr. will be the ultimate issue there of that such condition of affairs existing he saye the Nicaragua canal project, and te The connects the two countries, if the its y interests closely will be greatly enhanced e United States is given supremacy rs to night. at Roanoke, Ind., wife, Chris Saturday Haberkus murdered his 75 years then topher himself. Haberkus was a e killed his wife 70. She was a Catholic calling upon but to old. to Catholic women did call be be objected Two of the church women words d. her. after they had left some angry At mil and between the aged couple. Haberkum je passed while his wife was asleep. severed her night. her room and nearly to the bad and entered her body. He set fire his ay ee head then from killed himself by cutting his rs throat. the police court at Newbury port Albert Mills In Monday. Col. J. of the its Mass., with the embezzlement appear be charged Mills. did not put in an counsel he of A charges the ance Victoria capais was nor was issued he represented for Milla's embezzlement by arrent. A of he ve the warrant doubtful if any attempt will only 825, him outside the y, to it arrest is searched state to be made of Col. Mills was trac The residence as a matter of form. obtained. but no of Monday his whereabouts could be the great sire of trotting home race Dictator, died at Ashland. Ky. the & Son. of horses, Henry Clay MeDowell II. ful his owners. Lexington, of old age, Friday. bring by near foaled 30 years ago, and, Clars. by was Hambletonian. dam to Dax Rysdyk's Star. was a full brother 00 horap to beat Flora V ter, the Dictator was a #60 ol. American As s sire first wonderful Temple 48 a time. of race horses, having Juy progenitor in the list, including ly and daughters 2.10 trotting and 2.06 1.4 pacing Nancy ow Eye-See, He was also the sire of the dam of Hanks, 2.04. as he


Article from The Portland Daily Press, May 30, 1893

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BRIEFLY TOLD. Edwin Booth is reported as slightly better. The run on the Rutland, Vt.. savings bank continues. Colonel Z. Albert Mills, charged with embezzlement is still missing. Frank B. Cox, wool dealer, of Boston, has failed. He Is said to owe about $60,000, and to have nominal assets of $68,000. The N. Ports Hardware Company, in which ex-Secretary Foster was interested has assigned. Liabilities, $50,000; assets considerably more. Cyrus Kelley, a brakeman on the North Berwick freight of the Boston & Maine, was badly injured at Haverhill yesterday, being knocked from a car while passing under a bridge. Arrangements have been made to ship $2,500,000 in gold by the mid-week steamers, in addition to $1,000,000 already engaged for the Aller sailing today. The New York Herald's Panama special says it is reported that 5000 residents of Pasto, Ecuador, have suffered from influenza. One-fourth of the cases have proved fatal, and the situation is said to be frightful.


Article from Wheeling Register, May 30, 1893

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CONCERNING BUSINESS AND FINANCE. ROCHESTER, N. Y., May 29. ).-The Yates schedules were filed this morning. They show total assets, nominal value $3,913,984.59; actual value $2,616,626.30; total indebtedness $2,757,040.17; contingent liabilities $1,361,823.76; total liabilities $4,118,863.93. The secured liabilities amount to $1,250,323.94. The assets hypothecated to secure this indebtedness leave only about $500,000 with which to meet unsecured and contingent claims. The unsecured liabilities amount to $1,506,716.23, and the contingent as already stated to $1,361,823.76. RUTLAND, VT., May 29.-The run on the Rutland Savings Bank was resumed this morning, and is assuming a more serious turn. When the doors were opened at 9 o'clock a number of persons were waiting, and the number has been considerably increased since. The bank is prepared for any emergency. CHICAGO, May 29. - The formal assignment of the embarrassed firm of Weaver, Getz & Co., coal dealers, was filed this morning. Liabilities are scheduled at $250,000 and assets at $200,000. NEW YORK, May 29.-Arrangements have been made to ship $2,500,000 gold by the mid-week steamers in addition to the $1,000,000 already engaged for the Aller. NEW YORK, May 29.-Lazard Freres will ship $1,000,000 gold on the Aller, which sails to-morrow. FOSTORIA, O., May 29.--Secretary Foster desires to announce through the press that he is physically unable to answer the hundreds of letters and telegrams of sympathy which have poured in on him during the past few days. He takes this method of making a general acknowledgment of these kind expressions. ST. PAUL, MINN., May 29.-A special from Fargo, N. D., says the National Bank of Ashley Meads was closed to-day by the National Bank Examiner. The First National Bank of Lakoan, N. D., also failed. Indebtedness does not exceed $60,000, with assets five times that amount. CHICAGO, May 29.-The Commercial National Bank has begun suit here to foreclose a mortgage for $500,000 given by the Chicago and Eastern Illinois Railroad Company.


Article from The Roanoke Times, May 30, 1893

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Run on a Savings Bank. RUTLAND, Vt., May 29.-There - was a run on the Rutland Savings Bank, of this city, the first one in Vermont for many years. A few depositors, alarmed by the recent failures in the West, the failure of ex-Secretary Foster and the Vermont Investment Company, are drawing out their money. All demands are being met, as the institution is sound.


Article from The Indiana State Sentinel, May 31, 1893

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Business Notes. The run on the Rutland (Vt.) savings bank was resumed and is assuming a more serious turn. A. Steinau, a prominent jeweler of Cincinnati, has assigned to Albert Mack. Assets, $65,000; liabilities, $72.000. The application of William Skerrett and others for the appointment of a receiver for the Detroit street car employes' association was granted. The federal grand jury returned an indictment charging Frank M. Dorsey with falsifying the accounts of the defunct First national bank of Ponca, Neb. Arrangements have been made to ship $2,500,000 gold by the mid-week steamers in addition to the $1,000,000 already engaged for the Aller, sailing to-day. The formal assignment of the embarrassed firm of Weaver, Goets & Co., coal dealers, was filed at Chicago. Liabilities are scheduled at $250,000 and assets at $200,000. John H. Stone and Louis W. Firth, dealers in tailors' trimmings at New York, assigned to Resolvid Gardner, with preferences to John Armstrong of Fox Lake, Mino., for $10,000. At Rochester, N. Y., the Yates schedules were filed. They show total assets, nominal value, $3,913,984.59; actual value, $2,616,616.30; total indebtedness, $2,707,040.17 contingent liabilities, $1,361,823.76; total liabilities, $4,118,863.


Article from The Providence News, May 31, 1893

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The Rutland Bank. RUTLAND, Vt. May 31.-While the run on Rutland Savings bank has ended there Is some anxiety as to the result after a holiday. The total amount drawn was $83,000. The bank deposits amount to $2,800,000.


Article from The Princeton Union, June 1, 1893

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RUN ON A BANK. Rutland, Vt., May 30.-The run on the Rutland Savings bank has been resumed and } is assuming a more serious turn. When the door; were opened at 9 o'clock a number of persons were waiting, and the number has been considerably increased since. The bank is prepared for any emergency.


Article from Middlebury Register, June 2, 1893

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he Orwell failures had the result of sing a run upon the Rutland savings k. It began on Friday and continued ough Monday. About $83,000 was wn out. The bank is by all accounts of the strongest in the State, and re appears not to have been the slightreason for the run upon it. The fooldepositors who got scared lost a conerable amount of interest and are bably wondering what on earth they 11 do with their money now that they e it.


Article from Baxter Springs News, June 3, 1893

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THE EAST. As NEW anti-Tammany organization has been launched in New York city. It is called the "citizens' democracy." FRANCIS WEEKS has been removed from the trusteeship of the estate of William Edgar Howland at New York. He had stolen the entire $500,000. MR. AND MRS. CORNELIUS VANDERBILT had a narrow escape from death in a runaway. THE item stating that the Seaboard National bank of New York was in difficulties was a mistake. It was the National Deposit bank that was in difficulties with the Seaboard National, the latter having thrown out the Deposit bank's paper. A FIRE burned the store of T. P. & D. Runyon, the ice house. stables, wagon houses and ships of John Collier, the double brick tenement house of John Deinzer and a number of other small buildings at New Brunswick, N. J. Loss, $125,000. BERNARD H. GUETERBACH. city editor of the Staats Zeitung, of New York, committed suicide by shooting himself through the breast. A NEW YORK judge has decided that pending the enforcement of the Geary law no Chinaman who has been arrested can be kept in jail. THE bloom-mill, engine-room and boiler-house of the Lackawanna Steel Co.'s north mill at Seranton, Pa., were destroyed by fire. Loss, $250,000. ZIMMERMAN, of the New York Athletic club, won two amateur races at Paris on the 29th. IT is reported that the bankers of New York have formed a combination and agreed among themselves to bid only 95 cents for the Cherokee bonds. THERE was a run on the Rutland, Vt., savings bank. HIRAM KEMPINSKIE, Bridgeport, Conn., is to sue the Russian government for damages. AT Tyrone, Pa., the train of Walter was many Mains' persons circus and seriously wrecked, wounding killing four others. A number of the animals were killed and some escaped. Gov. FLOWER, who has had the cases of Mortello and Osmond, the murderers, under consideration for some time, decided to let the law take its course and they will both be killed by electricity.


Article from The Iola Register, June 9, 1893

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THE EAST. THERE was a run on the Rutland, Vt., savings bank. HIRAM KEMPINSKIE, Bridgeport, Conn., is to sue the Russian government for damages. AT Tyrone, Pa., the train of Walter Mains' circus was wrecked, killing four persons and seriously wounding many others. A number of the animals were killed and some escaped. Gov. FLOWER, who has had the cases of Mortello and Osmond, the murderers, under consideration for some time, decided to let the law take its course and they will both be killed by electricity. PURCELL THOMAS, an aronaut, attempted to leap from the top of a Buffalo, N. Y., hotel with only an ordinary umbrella as a parachute and was dashed to death. MARIE NEVINS BLAINE was quietly wedded to Dr. William T. Bull at New York city. ANOTHER long and bitter struggle over the question of wages in the great iron district of Pennsylvania seems inevitable. VICE PRESIDENT BLAKE, of the Domestic Sewing Machine Co., has made applicatian to the court of chancery at Newark, N. J., for the appointment of a receiver. AT the Pacific Mail meeting at New York a new board of directors was chosen, who elected Colis P. Huntington as president to succeed George Gould. AT the Y. M. C. A. anniversary in Boston Oliver Wendell Holmes was present and read a poem written for the occasion. FOUR cases of small-pox have been discovered by a health board inspector in the family of William Votopken, a Bohemian of New York city. ANDREW CARNEGIE, in an article in the North American Review, predicts a union of all English-speaking nations. THE Rhode Island senate and house are unable to agree and Gov. Brown has issued a proclamation proroguing the legislature. THE Massachusetts house has passed a bill providing against discrimination by barbers on account of race and color.