Articles report heavy withdrawals but do not state a specific trigger or rumor; bank described as meeting demands.
Measures
Paid out nearly $100,000 and officers stated every demand would be met; payments continued through close.
Newspaper Excerpt
There is no abatement in the run on the Spring Garden bank. It was resumed at ten o'clock this morning and by noon nearly $100,000 had been paid out.
Source
newspapers
Newspaper Articles (14)
1.August 27, 1885Evening StarWashington, DC
Click image to open full size in new tab
Article Text
The Run on the Spring Garden Bank. PHILADELPHIA, August 27. - There is no abatement in the run on the Spring Garden bank. It was resumed at ten o'clock this morning and by noon nearly $100,000 had been paid out. The officers of the bank say that every demand will be met.
2.August 27, 1885Alexandria GazetteAlexandria, VA
Click image to open full size in new tab
Article Text
Run on a Bank. PHILADELPHIA. Aug. 27.-There is no abatement in the run on the Spring Garden bank. It was resumed at ten o'clock this morning at the point where it stopped yesterday and by noon nearly $100,000 had been paid out. The officers of the bank say that every demand will be met.
3.August 28, 1885Savannah Morning NewsSavannah, GA
Click image to open full size in new tab
Article Text
THE RUN NOT STOPPED. PHILADELPHIA, Aug. 27.-There is no abatement in the run on the Spring Garden bank. It was resumed at 10 o'clock this morning at the point where it stopped yesterday, and by noon nearly $100,000 had been paid out. The officers of the bank say that every demand will be met.
4.August 28, 1885The Indianapolis JournalIndianapolis, IN
Click image to open full size in new tab
Article Text
The Run on the Spring Garden Bank. Philadelphia. Aug. 27.-There is no abatement in the run on the Spring Garden Bank. It was resumed at 10 o'clock this morning at the point where it stopped yesterday. By noon nearly $100,000 had been paid out. The officers of the bank say that every demand will be met. All demands were met up to 3 o'clock, the hour of closing.
The Run Continues. PHILADELPHIA, Aug. 27.-There is no abatement in the run on the Spring Garden bank. It was resumed at 10 o'clock this morning at the point is stopped vesterday, ar nearly $100,000 had been paid out officers of the bank say that ever mand will be met.
No Abatement in the so un on the Spring Garden Bank. PHILADELPHIA, PA., August 27.There is no abatement in the run on the Spring Garden Bank. It was resumed at 10 o'clock this morning at the point where it stopped vesterday and by noon nearly $100,000 had been paid out. The officers of tde bank say that every demand will be met. Later.-No change occurred in the Spring Garden Bank affair up to 3o'clock p.m., payments being made to all applicants.
A Run on a Solvent Bank. PHILADELPHIA, Aug. 27.-There was no abatement to-day in the run on the Spring Garden bank. It was resumed at 10 o'clock this morning at a point where it stopped yesterday, and by noon nearly $100,000 had been paid out. The officers of the bank say every demand will be met.
8.August 28, 1885The Waco Daily ExaminerWaco, TX
Click image to open full size in new tab
Article Text
Run On a Bank. PHILADELPHIA, August 27.-There is no abatement in the run on the Spring Garden Bank. It was resumed at 10 o'clock this morning at the point where it stopped yesterday and by noon, nearly $100,000 had been paid out. The officers of the bank say that every demand will be met.
9.August 28, 1885Wichita Daily EagleWichita, KS
Click image to open full size in new tab
Article Text
No Abatement. PHILADELPHIA, Pa., Aug. 27.-No abatement in the run on the Spring Garden bank. It was resumed at 10 o'clock this morning at the point where it stopped yesterday and by noon near $10,000 had been paid out. The officers say every demand will be met.
10.August 28, 1885The Salt Lake HeraldSalt Lake City, UT
Click image to open full size in new tab
Article Text
The Bank Run. PHILADELPHIA, August 27.-There is no abatement in the run on Spring Garden Bank. It was resumed at 10 o'clock this morning, at the point where it stopped vesterday, and by noon nearly $100,000 had been paid out. Officers of the bank say every demand will be met.
11.August 29, 1885The Salt Lake HeraldSalt Lake City, UT
Click image to open full size in new tab
Article Text
The Bank Run. PHILADELPHIA, August 28.-The excitement at the main and branch offices of the Spring Garden bank has greatly subsided. A line of about fifty depositors was at the main office at 10 o'clock this morning but there was no rush as for the past two days. There was no unusua. crowd at the branch offices.
Meeting all Demands. PHILADELPHIA, August 27.-There is no abatement in the run on the Spring Garden Bank. It was resumed at 10 o'clock this morning at the point where it stopped yesterday, and by noon nearly $100,000 had been paid out. The officers of the bank say that every demand will be met.
13.September 2, 1885The ClarionJackson, MS
Click image to open full size in new tab
Article Text
Business Troubles. The run on the Spring Garden bank at Poilad : lphia con inued until the close of business. All deminds were met. The Great Western Iron Boat-building company, at St. Louis, made an assignment. George Ross, ex-treasurer at Anderson, In L, has been charged with a deficit of $71,703.66 in his account.
14.September 3, 1885Delaware Gazette and State JournalWilmington, DE
Click image to open full size in new tab
Article Text
The Excitement Subsiding. Philadelphia, Aug. 27.-There is no abatement in the run on the Spring Garden bank. It was resumed at 10 o'clock this morning at the point where it stopped yesterday, and by noon nearly $100,000 had been paid out. The officers of the bank say that every demand will be met. Priladelphia. Aug. 28.-The excite. ment at the main and branch offices of the Spring Garden Bank has greatly subsided. A line of about 50 depositors was at the main office at 10 o'clock this morning. but there was no rush as for the past two days. There was no unusual crowd at the branch office.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.