Contemporary news reports (Mar 10, 1902) describe a run started by malicious reports/rumors. The bank met all withdrawals, received deposits, and remained open; no suspension or receivership mentioned.
Events (1)
1.March 10, 1902Run
Cause
Rumor Or Misinformation
Cause Details
Run started by reports circulated by enemies of the bank for malicious purposes (rumors).
Measures
All checks presented were promptly paid; bank received considerable deposits and closed with more than the usual amount of currency on hand.
Newspaper Excerpt
The run was started by reports circulated by enemies of our bank for malicious purposes. It has not inconvenienced us and we are in position to pay every depositor his money on demand.
Source
newspapers
Newspaper Articles (2)
1.March 10, 1902The Topeka State JournalTopeka, KS
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Article Text
The Bank Was Sound. Oberlin, Kan., March 10.-A run on the Farmers' State bank started here Saturday. All checks presented were promptly paid and at night, owing to the fact that deposits of considerable amounts were made, the bank closed with more than the usual amount of currency on hand. The cashier, John O'Grady, said: "The run was started by reports circulated by enemies of our bank for malicious purposes. It has not inconvenienced us and we are in position to pay every depositor his money on demand.
Started by Malicious Persons. Oberlin, Kan., March 10.-A run on the Farmers' state bank here was started. All checks presented were promptly paid and owing to the fact that deposits of considerable amounts were made, the bank closed with more than the usual amount of currency on hand. The cashier, John O'Grady, said: "The run was started by reports circulated by enemies of our bank and for malicious purposes. It has not inconvenienced us and we are in position to pay every depositor his money on demand."
