Spring Garden Bank (Philadelphia, PA)

Episode Information

Episode Type
Run Only
Start Date
August 27, 1885
Location
Philadelphia, Pennsylvania (39.952, -75.164)
Bank Type
trust

Metadata

Events (1)

1. August 27, 1885 Run
Cause Details
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)

Article from Evening Star, August 27, 1885

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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.


Article from Alexandria Gazette, August 27, 1885

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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.


Article from Savannah Morning News, August 28, 1885

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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.


Article from The Indianapolis Journal, August 28, 1885

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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.


Article from The Dallas Daily Herald, August 28, 1885

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Article Text

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.


Article from Memphis Daily Appeal, August 28, 1885

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Article Text

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.


Article from The Democratic Leader, August 28, 1885

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Article Text

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.


Article from The Waco Daily Examiner, August 28, 1885

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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.


Article from Wichita Daily Eagle, August 28, 1885

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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.


Article from The Salt Lake Herald, August 28, 1885

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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.


Article from The Salt Lake Herald, August 29, 1885

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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.


Article from The Semi-Weekly Miner, September 2, 1885

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Article Text

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.


Article from The Clarion, September 2, 1885

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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.


Article from Delaware Gazette and State Journal, September 3, 1885

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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.