6957. Home Savings Bank (Boston, MA)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
October 15, 1875
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini
Short Digest
d6ca95665f75438b

Response Measures

None

Description

Multiple contemporary newspapers report runs on the Home Savings Bank in Boston (chiefly Oct 15, 1875, and a smaller call Jan 12, 1876). Bank officers repeatedly stated the institution was sound and were paying depositors; no suspension, receivership, or permanent closure of this bank is reported in these articles. Some articles note the Jan 1876 call was prompted by the suspension of the West Boston Savings Bank.

Events (2)

1. October 15, 1875 Run
Cause Details
No specific trigger given in articles; described as a run and bank officers said bank was perfectly safe.
Measures
Paying all depositors who came; temporarily waiving regular notice requirement; may require contractual notice if run continues.
Newspaper Excerpt
There was quite a run on the Home Savings Bank of this city to-day... the officers of the bank state that it is in a perfectly safe condition, and that they are paying all that come.
Source
newspapers
2. January 12, 1876 Run
Cause
Local Banks
Cause Details
A call on the Home Savings Bank was prompted by uneasiness following the suspension of the West Boston Savings Bank.
Measures
Board resolved that until further notice no payment of more than $50 per month shall be made to any depositor except as required by law.
Newspaper Excerpt
The feeling among some holder of bank books, caused by the suspension of the West Boston Savings Bank, caused another call on the Home Savings Bank to-day...
Source
newspapers

Newspaper Articles (10)

Article from Evening Star, October 15, 1875

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Article Text

Bun on a Boston Savings Bank. BOSTON, Oct. 15.-There was quite a run on the Home Savings Bank of this city to-day, which continued to the close of banking hours. The officers of the bank state that it is in a perfectty safe condition, and that they are paying all that come.


Article from The Sun, October 16, 1875

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Article Text

A Run on a Boston Savings Bank. BOSTON, Oct. 15.-There was quite a run on the Home Savings Bank of this city to-day, which continued to the close of bank hours. The officers of the bank state that it is in a perfectly safe condition. The bank will undoubtedly adopt the policy of requiring the notice provided for in the contract with each depositor.


Article from Memphis Daily Appeal, October 16, 1875

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TELEGRAPHIC SUMMARY. Yesterday was the third day of the Nashville races. A severe earthquake was felt at Jamaica yesterday. The French elections are fixed for the twentieth of December. The Turks now hold Zubcia, the last refuge of the insurgents. A sharpshoek of earthquake was felt at San Francisco yesterday. Asher & Redlich, dealers in hats and caps, New York, have failed. The women's congress was opened in Syracuse, New York, Thursday. There was a good at tendance at the Nashville (Tenn.) races Thursday. There was quite a run on the Home savings bank of Boston yesterday. There was a grand parade of soldiers in Indianapolis, Indiana, yesterday. The steamer Ohio, from Baltimore, arrived at Southampton Thursday. The French authorities have arrested the Carliet chief, Gamundi Assigliano. Thursday was the first day of the reunion of the soldiers at Indianapolis, Ind. King Alfonso delivered the barretta to M.G.R. Simoni, in Madrid, yesterday. Yesterday was the fourth and last day of the Terre Haute trotting association races. The steamers Wyoming and Scythis, from New York, have arrived at Queenstown. The motion for a stay in the suit against Tweed, in New York, has been denied. The Ohio association of the New Je. rusalem church convened in Cincinnati yesterday. Thursday was the third day of the meeting of the Terre Haute, Indiana, trotting association. Two thousand insurgents have been defeated by the Turks, and one hundred and sixty killed. Moses S. Herman & Co., New York, have failed. Liatilities two hundred thousand dollars. . John A. Hewlett & Son, dealers in hides, leather and oils, suspended in Baltimore Thursday. The steamships Constitution and Costa Rica, for Panama, sailed from San Francisco yesterday. Jay Gould, Sydney Dillon, Robert Carr and Oliver Ames arrived at Kansas City, Missouri, Thursday. A party of white men assaulted some darkies in Brooklyn yesterday, killing one and injuring another. The steamer Switzerland, from Antwerp, and Anchovia, from Glasgow, arrived at New York yesterday. Mre. James Pendergrast fell dead in the presence of her family, in Louisville yesterday. Cause, apoplexy. The ocean yacht race from Sandy Hook to Cape May and return was won Thursday by the yacht Resolute. John Hess, cashier of the First National bank of Tiffin. Ohio, shot himself through the head yesterday. A number of coasters were wrecked and several lives lost during a gale on the coast of England yesterday. The body of Fred Bolter, with his throat "and head cut, was yesterday found in the canal, at Napoleon, Ohio The amount of bullion withdrawn from the Bank of England, on balance yesterday, was eighty-four thousand pounds. A steam-mill in August3, Minnesota, burned yesterday. Loss, fifty thousand dollars; insurance, fifteen thousand dollars. A meeting of the b ondholders of the western extension of the I.B. and Western railroad was held in New York yesterday. The President has suspended James E. Dunham, postmaster at Bridgeport, Connecticut, for having sold his appointments. One hundred guns were fired by the Republicans in Louisville, Kentucky, '1 hursday night, in honor of Hayes's election in Ohio. A negro was bung by a party of disguised men, Wednesday, for the murder of ram Garner, in Murray county, Georgia, a few daysago. Adry-goods store, hotel and the police station of South Quebec, Canada, burned Thursday. Mr. Thomas, an immigration agent, was killed. Efforts are being made to extend the Louisville, Harrods Creek and Prestport narrow-gauge railroad to Madison, Indiana, and thence to Cineinnati. Burleigh, of Chicago, ve.1 endsy chat lenged Maygriolo, of New Orleans, to play game of billiards for the championship of the northwest and southwest. Those California girls don't have any nonsense. The helle of Marysville recently becamo dissatisfied with the conduct of her escort at a ball. and promptly shot him. Rev. Charles A. Dickey. pastor of the First Presbyterian church in St. Louis, sent in his resignation Thursday, and will accept a call from the Calvary church in Philadelphia. The colored men of Mississippi should be interested in the restoration of an honest administration and an incorruptible judiciary.


Article from The Wheeling Daily Intelligencer, October 16, 1875

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Article Text

Run on a Savings Bank. BOSTON, October 15.-There was quite a run on the Home Savings Bank, of this city, to-day. The officers state that the bank is in a safe condition and that they are paying all that come without requiring the regular notice, and expect to continue so to do. The semi-annual dividend on earnings amounts to about $200,000 and its distribution calls, nearly $30,000. Depositors, should the run continue on the bank, will undoubtedly be required to give the notice provided for in its contract with each depositor.


Article from Chicago Daily Tribune, October 16, 1875

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Article Text

FINANCIAL. BOSTON. BOSTON, Oct. 15.-There was quite a run on the Home Savings Bank. of this city, to-day. The officers state that the bank is in a perfectly safe condition ; that they are paying all that como, without requiring the regular notice, and expect to continue 80 to do. The semi-aunual dividend on its earnings amounts to about $200,000. and its distribution calls nearly 80,000 depositors to the bank. Should the run continue the bank will undoubtedly require the notice provided for in the contract with each depositor.


Article from Daily Kennebec Journal, October 18, 1875

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Article Text

TELEGRAMSIN GENERAL. Von Bulow will accompany the Emporor to Italy in the place of Bismarck. The Standard has a telegram announcing that the Turks hold the district of Zubir, the last refuge of the insurgents. The Prince of Wales embarked at Birndise yesterday, on a visit to India. A fire at Sennick's furniture ware rooms, Albany, N.Y., Saturday morning, caused damage of $20,000; fully insured. Fifteen workmen were injured, it is feared fatally, by an overflow of molten metal, at the Walsall Iron Works, London, Friday. In Providence, Saturday, Patrick Burns, a laborer, fell 36 feet from a new building, and was fatally injured. Eliphalet Jones. a boarding house (keeper, Boston, hung himself Friday night. Gideon Ferris, a wealthy resident of Greenwich, Conn., was killed in Stamford, Conn., Friday night, by the train from New York. The run on the Home Savings Bank, Boston, continued Saturday, but as Commissioner Getchell certifies that the bank is perfectly sound, there is more confidence exhibited. King Victor Emmanuel has arrived at Milan. 1600 soldiers embarked at Santander, Saturday, for Cuba.


Article from New-York Tribune, October 18, 1875

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THE RUN ON A BANK IN BOSTON. BOSTON. Oct. 17.-The run on the Home Savings Bank continued yesterday, but the depositors exhibited more confidence, as Commissioner Gatehel eer. titles that the bank is perfectly safe. Offers of assistance, if needed, have been made by several city banks.


Article from Los Angeles Daily Herald, October 21, 1875

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Los Angeles Yerald THE DAILY and WEEKLY HERALD has more than double the ciroulation of any other paper published in Southern California. Business men recognize it accordingly as the best advertising medium South of San Francisco. OCT. 21, 1875. THURSDAY, NEWS OF THE MORNING. At Chico yesterday during a difficulty between two men named Nord and Jones the latter stabded and fatally wounded the former. The first centennial train ran from Buffalo to Philadelphia yesterday. The brothers Courtwright, who shot and killed the Sheriff of Portage county, Wisconsin, were hanged by a mob on Monday night. M. Rouher, in a speech at Ajaccio on the 10th, attacked the Irish and Orleanists and censured President MacMahon. He also said the Bonapartists are in favor of universal suffrage, and are content to appeal to the people for an expression of popular will. The appointment of Zack Chandler Secretary of the Interior is generally condemned by leading Republican journals. At Minneapolis, Minu., yesterday, Mrs. Sophia Rapp, convicted of complicity in the Lick murder, was sentenced to the State prison for life. It is now known that the defalcations of the succeeded Cashier of the First National Bank of Ohio exceed $100,000. Small parties of Black Hill miners are leaving Sloux City almost daily. Chas. Revere, a well known sport of New York, suicided yesterday. The run on the Home Savings Bank of Boston still continues. Over $50,000 were paid out to depositors yesterday. The election returns received up to midnight insure the election of Carr, Superintendent of Public Instruction. San Francisco gives him about 2,000 majority.


Article from The Sun, January 13, 1876

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A Run on a Boston Savings Bank. BOSTON, Jan. 12.-The feeling among some holder of bank books, caused by the suspension of the West Boston Savings Bank, caused another call on the Home Savings Bank to-day, though by no means to the extent of the former one. At 11 o'clock there were perhaps one hundred and fifty persons in the banking room ID Masonic Temple, waiting their turn to draw. Some few were making deposits. The Board of Trustees held a meeting this morning, and resolved that until further notice no pay ment of more than $50 per month shall be made to any depositor except in the mode required by the laws of the bank.


Article from The New Orleans Bulletin, January 13, 1876

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GENERAL NEWS. INDIANAPOLIS, Jan. 11.-The trial of Alfred M. McGriff commenced in the United Sates District Court yesterday, and is still on. All of the parties under indistment have put in their appearance, with the exception of J. W. Bingham, who is delayed by the death of his brother. COLUMBUS, O., Jan. 11.-In the House today a resolution declaring against any division of the school funds in the interest of any particular religious sect was unanimously adopted. FRANKFORT, Jan. 12.-The Legislature voted seperately for Senator. Beck is ahead fitteen in the Senate ; Williams is ahead two in the House. There were many complimentary and dodging votes. A joint session will be held to-dav. SAN FRANCISCO, Jan. 12.-A dispatch from Sacramento says a land grab scheme has been unearthed whereby the State loses enormously. Roger Johnson, for many years Grand Secretary of the Odd Fellows, died to-day at Santa Rosa. PROVIDENCE, R. I, Jan 15.-There was some disorder in Lonsda'e yesterday, growing out of an attempt to compel mill operatives to turn out because of a reduction of wages. A detachment of Providence police quieted the disturbance. The trouble was renewed to-day, and the police were again sent to the village. PORTLAND, Me., Jan. 12.- A Thomaston dispatch Says the Jefferson Borden mutineers have received a cable dispatch, dated Jan. 10, 1876, as follows: "To George Milier and Tom Smith, mutineers of Jefferson Bordon, Marine State Prison : Get a reprieve and I can save you. Signed, " BENJ. P. HAWES, Mate of Jefferson Borden." BOSTON, Jan. 12. - The uneasy feeling among some holders of bank books, created by the suspension of the West Boston Savings Bank, caused another call on the Home Savings Bank to-day, though by no means to the extent of the former one. Sr. LOUIS, Jan. 12.-Ata large meeting of merchants on "Change to-day a resolution was unanimously adopted tendering to the respective executive committees of the Democratic and Republican parties the free use of their grand hall for the purpose of holding their National Conventions this year. CINCINNATI, Jan. 12.-A Frankfort special says two ballots were taken to-day for Senator without an election. The last vote stood: Beck 40, Williams 35, Leslie 27, Stevenson 19, Bradley 15. TROY, N. Y., Jan. 12.-Dr. o. F. Cobb, a West Troy physician, has been sent to the penitentiary for six months and fined fifty dollars for indecently disposing of the remains of two dead infants. JACKSON, J n. 11.-The Democratic caucus nominated Powers & Barksdale, of the Jackson Clarion, State printers. The Legislature will elect State printer on the 17th and United States Senator on the 18th. PHILADELPHIA, Jin. 12.-The Republicans of this city are anxious to have the National Convention held here, and for this purpose a committee started for Washington at noon today.