6885. Boston Bank (Boston, MA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
September 27, 1920
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini
Short Digest
a33bf9d9af83454c

Response Measures

None

Description

Newspaper items report runs on the Boston Bank (headline: 'Run on Boston bank begins again') and a later August/July 1921 incident where police blamed malicious propaganda among foreign depositors. No articles mention a suspension, receivership, or reopening/closure—so classify as run_only. OCR/metadata appear consistent.

Events (2)
1. September 27, 1920 Run
Cause
Rumor Or Misinformation
Cause Details
Contemporary reporting indicates renewed run activity; later accounts attribute runs to malicious propaganda and rumors among depositors.
Measures
Not specified in this brief item; later article notes police deployed to control crowds.
Newspaper Excerpt
Run on Boston bank begins again.
Source
newspapers
2. July 31, 1921 Run
Cause
Rumor Or Misinformation
Cause Details
Police reported organized spreading of propaganda among the foreign element encouraging withdrawals; speculators attempted to buy bankbooks below value and were ejected.
Measures
Police detailed dozens of patrolmen and mounted officers to the bank; officers from other stations were rushed in; speculators offering to buy bankbooks were ejected.
Newspaper Excerpt
Some malicious secret force is at work spreading propaganda among the foreign element, getting them to withdraw their savings and cause a run on the Boston bank.
Source
newspapers

Newspaper Articles (2)
1. September 27, 1920 Evening Star Washington, DC
Article from Evening Star, September 27, 1920

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Article Text

Today's News in Paragraphs Harding greeted by crowds on way to Baltimore. Page 1 League funds dwindling as nations Page 1 wrangle. Far west showing little enthusiasm in either nominee. Page 1 Senator Kenyon predicts drastic action by Congress to stop rent profiteering Page 1 in Washington. Poles capture Grodno, taking prisoners and war material. Page 1 Idaho is for Harding, says David Lawrence. Page 1 Explosion in Cork wrecks department store front. Page 1 Envoys from communist party reported to have aided reds at Baku. Page 2 New Jersey to hold primaries tomorrow. Page 2 Baltimore mecca for local G. O. P. Page 2 Page 3 Racing balloons forced to land. Air leaders abroad charge foul tricks in Bennett race. Page 3 Sixty-four American students awarded Rhodes scholarship honors. Page 3 Gov. Milliken of Maine tells anti-alcohol congress "dry" law has proved immense saving to U. S. Page 4 More Army appointments. Page 4 Run on Boston bank begins again. Page 7 Bituminous operators seek to avert famine by increasing output. Page 12 Pennsylvania motorists in license Page 12 tangle. Cox discusses league and farming. Page 13 Coolidge advises against vindictiveness. Page 13 Cox for progress, Gompers writes. Page 14 White denies Baruch is "democratic angel." Page 14 U. S. gets no new ideas from captured German subs. Page 16 is Great interest shown as debate opens at world financial conference in Brussels. Page 16 Reports Jews are outraged. Page 17

2. July 31, 1921 New-York Tribune New York, NY
Article from New-York Tribune, July 31, 1921

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Article Text

sound. Twoscore patrolmen and three mounted policemen were detailed to duty at the bank, and when it was seen that this force was unable to cope with the excited depositors officers were hur- ried to the bank from other stations. Thomas C. Evans, Deputy Police Su- perintendent, acting for Superintendent Michael Crowlez, said, "Some malicious secret force is at work spreading propa- ganda among the foreign element, get- ting them to withdraw their savings and cause a run on the Boston bank." Police officers discovered several men in the crowd of depositotrs, offering to buy bankbooks far below the amounts shown on deposit. These speculators were ejected from the street.