7345. Hopkins Place Savings Bank (Baltimore, MD)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
January 27, 1892
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
267b4ac10dba434e

Response Measures

None

Description

Two-day run (Jan 27–29, 1892) caused by an erroneous publication claiming application for a receiver; bank paid withdrawals, declined outside assistance, and the run ceased with deposits exceeding withdrawals. No suspension or receivership reported.

Events (1)
1. January 27, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
An erroneous publication claimed an application had been made to place the bank in the hands of a receiver, triggering withdrawals.
Random Run
Yes
Random Run Snippet
Erroneous publication claimed application for a receiver (false report).
Measures
Opened an hour early and stayed open longer; treasurer acted as extra paying teller; declined outside offers of assistance; maintained large cash on display to reassure depositors.
Newspaper Excerpt
There has been a two-days' run on the Hopkins Place Savings Bank, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver.
Source
newspapers

Newspaper Articles (10)
1. January 28, 1892 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 28, 1892

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Article Text

Run on a Baltimore Savings Bank. (By telegraph to the Dispatch. BALTIMORE, January 27.-There has been a two-days' run on the Hopkins Place Savings Bank, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver. The run commenced on Tuesday, when fifty-nine accounts were closed out and about 825,000 in deposits withdrawn. To-day the number of accounts closed was 140 and the amount paid out about $40,000. The bank officials made all necessary arrangements to accommodate the applicants. The doors of the bank were opened an hour earlier than usual and were kept open as long as any one wanted to enter. No depositor was turned away and every one was promptly accommodated, R. M. Rother, the treasurer, doing duty as an additional paying teller. During the two days filty-four.deposits, aggregating over $2,000, were made and a number of new accounts were opened. When the new3 of the run DOcame known there were numerous offers of assistance from outside banks and capitalists. all of which were declined. The bank claims to have ample funds to meet any emergency.

2. January 28, 1892 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, January 28, 1892

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Article Text

Depositors Lack Confidence. a BALTIMORE, Jan. 28.-There has been two-days' run on the Hopkins Place Savings bank, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver. Deposits amounting to $65,000 have been withdrawn. The bank claims to have ample funds to meet any emergency.

3. January 28, 1892 Evening Star Washington, DC
Article from Evening Star, January 28, 1892

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Article Text

RUN ON & BALTIMORE BANK. It Was Caused by an Erroneous Publication. There has been a two-days' run on the ΠŸΠΎΡ€kins Place Savings Bank of Baltimore, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver. The run commenced on Tuesday, when fifty-nine accounts were closed out and about $25,000 in deposits withdrawn. The number of depositors who wished to withdraw their money increased yesterday, the number of accounts closed being 140 and the amount paid out about $40,000. The bank officials made all necessary arrangements to accommodate the applications. The doors of the bank were opened an hour earlier than usual and were kept open as long as any one wanted to enter No depositor was turned away and every one was promptly accommodated, R. M. Rother, treasurer, doing duty as an additional paying teller. During the two days fifty-four deposits, aggregating over $2,000, were made and a number of new accounts were opened. A huge pile of greenbacks behind the bank railing was a reassuring sign to any depositor and it was not exhausted by the demands upon it. When the news of the run became known there were numerous offers of assistance from outside banks and capitalists. all of which were declined. The bank claims to have ample funds to meet any emergency. Its annual statement, published on January 4. showed that it had $1,014,735 invested in stocks and bonds, on which, it is said, $900,000 could be raised in twenty-four hours. The undivided profits at the time of the statement were $40,185.

4. January 29, 1892 New-York Tribune New York, NY
Article from New-York Tribune, January 29, 1892

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Article Text

RUN ON A BALTIMORE SAVINGS BANK. Balthmore. Jan. 28.-The run on the Hopkins Place Savings Bank was continued to-day. Police were necessary to keep in line the depositors, shoving and crowding and calling for their money. The people withdrawing their deposits are nearly all foreigners and negroes. Their ignorance, however, makes explanations of the bank's solid condition useless. Even the object lesson of a large table piled high with greenbacks makes no impression, except, apparently, to excite a greater eagerness to get "my money." Half a dozen bank presidents called on the officers of the Hopkins Place Bank and tendered offers of unlimited amounts if the bank needed it, but President Smith had of money their offers with thanks, saying they their declined plenty of money to pay all who came to draw deposits.

5. January 29, 1892 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, January 29, 1892

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Article Text

Run on a Bank. BALTIMORE, Md.. Jan. 28.-1Special| -The run on the Hopkins Place Savings Bank was continued to-day. The police were necessary to keep in line the despitors, shoving and crowding and calling for their money. The people withdrawing their deposits are nearly all thrifty foreigners and negroes. Half a dozen bank presidents called on the officers of the Hopkins Place Bank and tendered offers of unlimited amounts of money if the bank needed it, but President Smith declined their offer with thanks, saying they had plenty of money to pay all who came to draw.

6. January 29, 1892 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, January 29, 1892

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Article Text

AFFAIRS OF CONSEQUENCE. FOREIGN. Rev. Mr. Spurgeon is still critically ill. Dr. Alfred Carpenter, the well known English physician, is dead. He was the author of many medical works. The French government will ask the general assembly a credit of $700,000 to enable France to participate in the Chicago Columbian exposition. The United States minister to France, Hon. Whitelaw Reid, denies that negotiations were being carried on in Paris for reduction in the United States duties on French silks and wines in return for reciprocal advantages in the French duties. HOME. Virginia owns 1,500,000 acres of oyster lands. There are over a thousand cases of grip at Aurora, Ill. A two days' run was made on the Hop kins Place Savings bank, in Baltimore, but the bank stoodit. Solomon Hanks, a cousin of Abraham Lincoln, died at his home, 15 miles east of Wapakonetta, O., at the age of 92 years. The Ohio house of represeutatives has appointed a committee to investigate the allegations of bribery in the sena. torial contest in that state. Senator Sherman has written a letter. All of the 400 employes of Brooke Iron company, at Birdsboro, Pa., continued working at the recent reduction in their wages of about 10 per cent. except thenail feeders, who struck. A suit was filed for $185,500 against the executors of the estate of the late Senator Plumb. of Kansas. It is claimed that Senator Plumb subscribed $115,000 to the capital stock of a railroad scheme in Virginia which he never paid.

7. January 29, 1892 The Morning News Savannah, GA
Article from The Morning News, January 29, 1892

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Article Text

BALT:MORE'S BANK RUN. The Bank Supplied With Money to Meet All Demands. BALTIMORE, MD., Jan. 28.-The run on the Hopkins Place bank was continued to. day. Police were necessary to keep in line the depositors, shoving and crowding and calling for their money. The people withdrawing their deposits are nearly all thrifty foreigners and negroes. Their ignorance, however, makes useless explanations of the bank's solid condition. Even the object lesson of a large table piled high with greenbacks makes no impression, except apparently to excite greater eagerness to "get my money." Half a dozen bank presidents called on the officers of the Hopkins Place bank and tendered offers of unlimited amounts of money if the bank needed it, but President Smith declined their offer with thanks, saying they had plenty of money to pay all who came to draw.

8. January 29, 1892 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 29, 1892

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Article Text

Run on the Hopkins Place Savings Bank. BALTIMORE, Jan. 28.-The run on the Hopkins Place Savings bank continued today. The police found it necessary to keep in line the depositors who are calling for their money. Half a dozen bank presidents called on the officers of the Hopkins Place bank and tendered offers ot unlimited amounts of money if the bank needed it, but President Smith declined their offers with thanks, saying they had money enough to pay all who came.

9. January 30, 1892 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 30, 1892

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Article Text

The Baltimore Bank Run Ended. (By telegraph to the Dispatch.] BALTIMORE, January 29. - The run on the Hopkins Place Savings Bank has censed. President Smith states that more money is now being deposited than is being paid out.

10. January 30, 1892 The Morning News Savannah, GA
Article from The Morning News, January 30, 1892

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Article Text

Baltimore's Bank Run Ended. BALTIMORE, MD., Jan. 29.-The - run on the Hopkins Place Savings Bank has ceased. President Smith states that more money is now being deposited than is being paid out.