6286. St Joseph County Savings Bank (South Bend, IN)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
September 9, 1890
Location
South Bend, Indiana (41.683, -86.250)

Metadata

Model
gpt-5-mini
Short Digest
9f0d5afa

Response Measures

Accommodated withdrawals

Description

Multiple contemporary newspaper accounts (dated Sept 9–10, 1890) report a heavy run on the St. Joseph County Savings Bank in South Bend started by publicity/rumor tied to two young men being refused payment on a draft. The bank met all demands and remained open; deposits after the run exceeded withdrawals.

Events (1)

1. September 9, 1890 Run
Cause
Rumor Or Misinformation
Cause Details
A rumor that the bank would close circulated after two young men were refused payment on a $100 draft because they could not be identified; this announcement sparked withdrawals.
Measures
All demands were met; bank paid withdrawals and continued business (deposits reported higher than withdrawals after the run).
Newspaper Excerpt
A rumor circulated through the city yesterday that the St. Joseph County Savings Bank was about to close its doors... when the bank opened at 1 o'clock for the afternoon business a run began and continued until after banking hours.
Source
newspapers

Newspaper Articles (7)

Article from Evening Star, September 9, 1890

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Article Text

The Bank Stood It. SOUTH BEND, IND., Sept. 9.-A rumor circulated through the city yesterday that the St. Joseph County Savings Bank was about to close its doors gradually gained currency and when the bank opened at 1 o'clock for the afternoon business a run began and continued until after banking hours. All demands were met. The bank is one of the most solid in Indiana.


Article from The Wheeling Daily Intelligencer, September 10, 1890

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Article Text

A NEEDLESS EXCITEMENT. Run on a Savings Bank Caused by Two Young Mon. SOUTH BEND, IND., Sept. 0.-Excitement ran high yesterday over the an0 nouncement that the St. Joseph county Savings Bank would close its doors. A run on the bank begin when the doors opened for the afternoon business and continued until three o'clock, the hour of closing. Crowds of men and women auxious to draw their deposits were on the spot and several came in from the surrounding country. Many people were outside waiting their turn and before 8 three o'clock a large amount of money had been drawn. Investigation proved that the run was started by two young men who had been refused payment on a $100 draft because the cashier did not r know them and they did not find any n one to identify them. Many of the busI. inees men left their deposits in the bank and it was not affected. The day's busi. , ness shows that after two hours run the d deposits were $0,000 more than the amounts withdrawn. d


Article from The Morning News, September 10, 1890

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Article Text

A RUN ON A BANK. It Was Started by Men Who Failed to Get a Draft Cashed. SOUTH BEND, IND., Sept. 9.-A heavy run was started yesterday on the St. Joseph County Savings Bank, but the bank stood the pressure. At night it was discovered that the run was started by two young men who had been refused payment on a draft because the cashier did not know them and they did not find any one to identify them.


Article from Richmond Dispatch, September 10, 1890

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Article Text

Heavy Run on a Bank. (By telegraph to the Dispatch.] SOUTH BEND, IND., September 9.-A heavy run was started yesterday on the St. Jo. seph County Savings Bank, but the bank stood the pressure, and at night it was discovered that the run was started by two young men who had been refused payment on a draft because the cashier did not know them and they did not find any one to identify them.


Article from Daily Tobacco Leaf-Chronicle, September 10, 1890

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Article Text

The Bank Stood the Run. SOUTH BEND, Ind., Sept. 10.-A rumor circulated through the city Monday that the St. Joseph county savings bank was about to close its doors gradually gained currency, and when the bank opened at 1 o'clock for the afternoon business a run began and continued un til after banking hours. All demands were met. The bank is one of the most solid in Indiana.


Article from Delaware Gazette and State Journal, September 11, 1890

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Article Text

Pears' Soap 18 the mosteieganttolletadjunct. Run on as Savings Bank. SOUTH BEND, IND, Sept. 9.-Excitement ran high yesterday over the allnouncement that the St. Joseph County Savings Bank would close its doors. A run on the bank began when the doors opened for the afternoon business and continued until 3 o'clock, the hour of closing. Investigation proved that the run was started by two young men who had been refused payment on a $100 draft because the cashier did not know them and they did not find any one to identify them. The day's business shows, however, that after the two hours' run the deposits were $6,000 more than the amount withdrawn.


Article from The Superior Times, September 13, 1890

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Article Text

RUN ON A SAVINGS BANK. Two Young Men Responsible for Almost a Financial Crash. SOUTH BEND, Ind., Sept. 9.-Excitement ran high yesterday over the announcement that the St. Joseph County Savings Bank would close its doors. A run on the bank began in the afternoon, and continued until 3 o'clock, the hour of closing. Investigation proved that the run was started by two young men who had been refused payment on a $100 draft because the cashier did not know them, and they did not find anyone to identify them. Many of the substantial business men left their large deposits in the bank, and it was not affected