Emigrant Savings Bank - New York, NY

Episode Information

Episode UID: 5812007190885
Episode Type: Run → Suspension → Unsure
Bank Type: savings
Bank ID: 581200719 hash
Start Date: September 25, 1873
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d6377a6c3315c7d5

Response Measures

None

Description

OCR errors in article (migrant = Emigrant); article is during the Sept 1873 panic but no definitive reopening described.

Events (2)

1. September 25, 1873 Run

Cause: Macro News
Cause Details: Part of widespread runs on multiple savings banks during the financial disturbances of September 1873 (city-wide panic)
Measures: Payments limited to small sums (around $100 or less); legal notice (30-day) required for larger withdrawals
Newspaper Excerpt: migrant Savings Bank, h of which a heavy run re... small sums were paid out during the day
Source: newspapers

2. September 25, 1873 Suspension

Cause Details: Banks required legal notice for withdrawals (invoking notice rule / partial suspension of immediate payment) in response to heavy withdrawals
Newspaper Excerpt: It is intended by those banks that have required the legal notice from depositors to suspend the order requiring it as soon as the settled condition of financial affairs shall warrant them
Source: newspapers

Newspaper Articles (1)

1. September 25, 1873 The New York Herald New York, NY

Article from The New York Herald, September 25, 1873

Click image to open full size in new tab

Article Text

ne Bowel. Savings the Citizens' Savings very: the Union Dime, migrant Savings Bank, h of which a heavy run re all working yesterday the legal notices. At each rated yesterday that, so iar rouble in consequence of the quired, the truth was depositor. me to the bank on business themselves as fully confident in the of this action on the part of the trustees In each of the banks last mentioned small sums were paid out during the day, as well as in all the other savings banks in the city not here enumerated, and all of which have avaited themselves of the legal notices. Sums of $100 or less were paid out in all of them, but in special cases, where legitimate business needed it, there was no question whatever as to the amount. It is intended by those banks that have required the legal notice irom depos tors to suspend the order requiring it as soon as the settled condition of financial affairs shall warrant them in doing so.