People's Savings Bank (West Bay City, MI)

Episode Information

Episode UID
6255382991115
Episode Type
Run Only
Bank Type
state
Bank ID
625538299 hash
Start Date
November 22, 1892
Location
West Bay City, Michigan (43.598, -83.898)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bee98380a15a7d96

Response Measures

None

Events (1)
1. November 22, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
A false/unfounded rumor circulated that the bank had closed, prompting depositors to withdraw funds.
Measures
Albert Mosher gathered available cash and stood behind the counter; bank remained open (extended hours until noon) to allow withdrawals.
Newspaper Excerpt
An unfounded report that the People's Savings Bank had closed its doors caused a run on that institution
Source
newspapers

Newspaper Articles (10)
1. November 23, 1892 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 23, 1892

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LATE NEWS IN BRIEF. -Diphtheria has closed two public schools in Indianapolis. -All traces of the latest revolutionary plot in Chile have been wiped out. -The Confederate Veterans of Atlanta will march under the stars and stripes hereafter. -The test of the tempered copper gun, invented by Blacksmith Allard, of Quebec, was a success. -Price & Maas, wholesale grocers of Macon, Ga., have assigned. Liabilities and assets each $60,000. -The newly-elected President of the American Hereford Breeders' Association, is J. S. Carlisle, of Chicago. -Riverton, Ky,, claims a woman whose bones break with a report like a pistol shot while she is in perfect repose. -Viola May, a well-known variety singer and dancer, shot and killed Carrie Rogers at Calaspiel, Mont., the other day. -The Government Town Site Board in Oklahoma has decided that no one is barred from taking up town-site claims. -Wealthy Chinese firms in San Francisco, alarmed at exclusion legislation, contemplate withdrawing from the country. -The Spanish Cortes will be asked for an appropriation of $150,000 for a World's Fair exhibit, as well as the Columbus archives. -The Isle of Man jury which rendered a verdict of manslaughter in the Cooper wife murder case, were mobbed on leaving court. -A false rumor caused a heavy run on the People's Savings Bank in West Bay City, Mich., yesterday, which was safely weathered. -The commission which will investigate the Panama canal scandal will consist of 23 Republicans, 9 Conservatives and 1 Boulangist. -James Presley's family At Brightwood, Ind., has been mysteriously poisoned. Mrs. Presley is dead, and her husband may not survive. -A Gulf, Colorado and Santa Fe train was fired upon by an unknown person near Paris, Tex., and one passenger was wounded. -The Seattle Board of Local Marine Inspectors hold Captain John A. O'Brien guilty of negligence in stranding the whaleback steamer Wetmore. -At Plaquemine, La., Captain Harry Ward has been acquitted of is murder charge that has been pending two years. Captain Ward is a veteran steamboat man. -The city of New Orleans has won a victory in the Myra Clark Gaines case. The question was on a rule to tax the Marshal's commission of 2½ per cent on the amount of the Gaines judgment against the city. -Last Friday a party of musicians started from Everett, Wash., for Marysville in a yacht. Sunday morning the steamer Mabel picked up a capsized boat, and a reed organ afterward drifted ashore. Nothing has been seen of the party. -Two shop-lifters were arrested in Chicago yesterday, who had a new device-a regular portable "fence." It is a pasteboard box, ten inches square at the top of which is arranged a lid with a spring. A very small weight on the lid would cause it to go down, allowing anything placed on top of it to tall into the Dox. It would then be forced back by the spring.

2. November 23, 1892 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, November 23, 1892

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RUN ON THE BANK People's Savings Bank at West Bay City THRONGED WITH DEPOSITORS The Excitement Was Due to a False Rumor-Mosher's Stock of Long Green Quiets Them. WEST BAY CITY, Nov. 22.--The rumor got around this morning that the People's Savings bank had closed its doors and consequently at 11 o'clock the street was thronged by people who were anxious to get their money. The story was a fake. Everything was in a state of excitement and the bank was jammed with excited men and women. The bank 16 in a perfectly sound condition and is in better shape than ever. When the people began to pour in and the run on the bank started, Albert Mosher, the millionaire lumberman. was sent for, and after gathering all available cash he came to the scene at once, and standing behind the counter with a stack of bills a yard high beside him, he told the depositors that the bank would be open until 12 o'clock if necessary 180 as to allow all those who wished to get their money. This partly restored confidence, but the run is still on and thousands of dollars is being drawn. The credit of the Moshers 18 about a million and business men say that the bank is perfectly sound. It is not known how the rumor started.

3. November 23, 1892 The Providence News Providence, RI
Article from The Providence News, November 23, 1892

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Jammed With Excited Men. WEST BAY CITY, Mich., Nov. 23.-The false rumor got around yesterday that the People's Savings Bank had closed its doors. At 11 o'clock the street was thronged by people anxious to get their money and the bank was jammed with excited men and women. The bank is perfectly sound. Albert Mosher, the millionaire lumberman, after gathering all available cash, came to the scene, and told the depositors that the bank would be open until 12 o'clock if necessary, to allow all those who wished to get their money. This partly restored confidence, but the run is still on and thousands of dollars are being drawn.

4. November 23, 1892 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, November 23, 1892

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Run on a Bank. WEST BAY CITY, Mich., Nov. 22. [Special|-An unfounded report that the People's Savings Bank had closed its doors caused a run on that institution to-day. The bank is perfectly rafe. Albert Mosher, a millionaire lumberman, was sent for, and after gathering all the available cash he could, told the depositors the bank would be open until twelve o'clock if necessary to allow all who wished to get their money. This partly restored confidence, but the run is still on and thousands of dollars are being drawn out.

5. November 24, 1892 The Record-Union Sacramento, CA
Article from The Record-Union, November 24, 1892

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Run on a Savings Bank Ended. BAY CITY (Mich.), Nov. 23.-The run on the People's Savings Bank, West Bay City, ended this morning, and those so eager to withdraw their deposits yesterday are as eager to return them to-day.

6. November 24, 1892 The Helena Independent Helena, MT
Article from The Helena Independent, November 24, 1892

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SPARKS FROM THE WIRE. Iowa democrats are pushing Gov. Boies for a cabinet position. Wm. J. Gordon, of Cleveland, O., a millionaire, died Wednesday night. Zimmerman and Sanger, the bicycle riders, have been matched for $10,000. Wm. O'Connor, champion oarsman of America, died Wednesday at Toronto, Ont. John E. Milliken, the well known railroad manager, died of apoplexy at Detroit. Edward Murphy, Jr., of Troy, N. Y., has announced himself as a candidate for the senate. The People's Savings bank of West Bay City, Mich., withstood a run and depositors are coming back. C. Sinclair, cashier of the Armour Packing company. of New York, is missing, with not less than $50,000. J. E. Crouse, retired millionaire grocer of Syracuse, N. Y., 18 dead. He built a stable that cost over a million. On a kitetrack at Stockton, Cal., Wednesday Stamboul trotted a mile in 2:07 1/2. with rain falling nt the finish. Luther Ripley, prominent in the Patrons of Industry, died at Lansing, Mich., of suffocation caused by a tumor. The Anderson Pressed Brick works and Kreichert Tile factory, at Kreichertville, S. I., were destroyed by fire. Loss $175,000, fully insured. F. W. Bonner & Sons, bankers. of Rusk, Tex., made n deed of trust to Thomas Finty to secure creditors. Assets $150,000, liabilities $1,670,000. The mayor of Newport, Ky., has suspended the chief of police for allowing a knock-out glove fight in the city last night between n couple of lightweights. W. S. Colby, of Houston, Tex., killed his wife and then committed suicide. Jonlousy was the cause. Two children survive, the oldest being about four years of age.

7. November 24, 1892 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 24, 1892

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Business Troubles. SALEM, Mass., Nov. 23.-An attachment for $50,000 WAS rendered this morning in an actien for breach of contract by Irwin, Green & Co., of Cincinnati, against John W. Lewis, of Boston, and E. L Harper, of Cincinnati. BAY CITY, Mich., Nov. 23.-The run on the People's Savings bank, at West Bay City, ended this morning, and those so eager to withdraw their deposits yesterday are as eager to return them today.

8. November 24, 1892 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 24, 1892

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Run on a Michigan Hank End d. BAY CITY, Mich., Nov. 23.-The run on the People's Savings bank of West Bay City ended this morning, and those so eager to withdraw deposits yesterday are as eager to return them today.

9. November 30, 1892 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, November 30, 1892

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State News in Brief. There are still a few vacancies on the foot ball teams if anyone wishes to become a gay and blythesome athlete, and a good place to begin would be at Wyandotte. The following is from the Wayne county Democrat: "While practicing in a foot ball game at the school grounds, while the ball was in the air, Elton Nellis attempted to butt it, and Edward Schuffert tried to kick it at the same time. Instead of kicking the ball, he kicked Nellis in the eye, producing a severe contusion, which for some time was exceedlingly painful, and his face and eye swelled badly." Representative Charles L. Eaton, of Paw Paw, made a wager with L. H. Bailey of South Haven, agreeing to pay the joint expenses of a trip to Washington in case Cleveland should be elected. and in case of the latter's defeat Bailey was to stand the expenses of the trip. Mr. Bailey has notified the loser that he would like to start in time to reach the Capital city about March 4. Sault people are raising a purse for James M. Nolan, formerly a well known and honest laborer of that city, to aid him in securing a lawyer to defend him in his trial for the murder of his wife. James went to Chicago and married a pretty woman who, however, turned out to be a common prostitute. After repeated vain efforts to reform the woman he, in a fit of desperation, shot and killed her. Will our citizens ever get tired of those strolling actors who get up benefits for this or that society, but take the lion's share themselves? Legitimate companies should be encouraged and fakes and fakirs given a wide berth.-Manistee Democrat. Now that the scare attending the run on the People's Savingsbank at West Bay City last week is over, the bank officers are making an endeavor to trace the rumor which did them 80 much harm to its. source, with a view of criminally prosecuting the guilty party. Prof. D. M. Martin of Hilledale college hears his classes, and carries an arm in a sling. Thanksgiving foot ball. Louis Toupin and wife, two well known Calumet people, celebrated their golden wedding several days ago. Two Chinamen, who tried to sneak into the state, were arrested at New. berry and will be sent back to Canada. Thleves at Battle Creek stole several kegs of powder. They may get their reward when they go out shooting. The wife of General J. G. Parkhurst

10. December 1, 1892 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, December 1, 1892

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tbest and cheapest line in town. John Blanchard, of Lewiston, had the four fingers of his right hand torn off in the mill of M. H. & Co, at Lewiston, last Friday week. Dr. W. Woodworth was attacked with the "Grippe," last week, pretty severely. He is better now, and knows how it is, himself. Our hunters returned in time for Thanksgiving, having five deer to be thankful.over. The lucky shots were Messrs. Staley. Hum, and Connine. Grayling Chapter was presented with a fine basket of flowers, by Bay City Chapter, during their visit to that city. Messrs, Comer & White killed 45 Turkeys for Thanksgiving dinners. They also purchased and sold 85 dressed turkeys, besides a large number of other fowl. The Steamer Flora took on quite a shipment of apples at Harrisvillie last Saturday. It was the first shipment of apples of any consequence ever made from Aleona county. - Ex. Dr. N. I.. Parmater drove out east of town Monday, only being gone about one-half day, and brought back two nice deer; and he killed them himself too. - Otsego Co. News. A man known as "Old Quaker" was run over and killed by a train at Oakley. His body was horribly mutilated, his head and both arms being cut off. LOST--Last Wednesday between the school-house and Hanson's store, a diamond pin, which the finder will please return to this office and receive a handsome reward. The Ladies Aid Society of the Presbyterian church, will have a business meeting at Mrs. Dr. Thatchers', Friday evening, Dec. 2d. All members are requested to be present. Advertising pays. A pocket-book was found and brought to us to advertise, and in less than four hours the owner appeared and claimed it. A word to the wise is sufficient. Twenty-four cases of diphtheria were reported in West Bay City during October, and 21 cases during the first 17 days of November. Only two cases resulted fatally this month. G. W. Smith had a severe attack of some old disease, effecting his back, at the store one day last week, and had to be assisted home, which incapacitated him for business for several days. Geo. Hartman and family, of Ball township, extend their heartfelt thanks to their friends and neighbors for their sympathy and assistance during their sad bereavement, on the death of their son, Willie Hartman. The frightened depositors who participated in the run on the People's savings bank at West Bay City have mostly gathered their scattered senses and re-deposited their money. The Scandinavian Aid Society will hold a Fair at the Opera House, Wednesday and Thursday, Dec. 14th and 15th. Every person is respectfully invited to attend. Further particulars given hereafter. The Bay City Tribune, says: "Grayling chapter, R. A. M., was entertained last evening. (Thanksgiving day), by Blanchard chapter. The chapter degree was conferred on a number of candidates, The visitors returned home late last night". The most pleasing social event of the year was the Thanksgiving dinner given by Mr. and Mrs. R. Hanson, at their elegant home to about thirty of our young people. The collation would have been an honor to Delmonico, and the social pleasure of the afternoon and evening could not have been surpassed. A. S. Larabee and family left Tuesday for Grayling, where, we understand, Mr. Larabee has purchased a Drugstore. We predict for him a successful business future as he is an excellent pharmacist. His many friends at this place wish him good luck. - Tawas Herald. The annual Thanksgiving visit to the home of Dr. W. H. Niles, of Oscoda County was had, and thoroughly enjoyed by Mr. and Mis. W. A. Masters, Miss Nora Masters, Mr. and Mrs. Wm. Brink, O. Palmer and wife, W. B. Covert, and Misses Ella Marvin, Bertha Clark, Lida Sloan, M. Louise Adams and Luella Bradley, teachers in the Grayling school, and Miss Lizzie Brad-