7929. 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: 191ff789

Response Measures

Accommodated withdrawals

Other: Commissioner Getchell certified bank sound; offers of assistance from city banks reported.

Description

Multiple dispatches (Oct 15–19, 1875) report a continuing run on the Home Savings Bank of Boston. Articles state the bank is paying depositors, is certified sound by the commissioner, and no suspension, receivership, or permanent closure is reported. The immediate trigger appears related to the semi-annual dividend distribution (large number of depositors presenting themselves), rather than rumors or insolvency.

Events (1)

1. October 15, 1875 Run

Cause Details: Semi-annual dividend distribution (~$200,000) drew nearly 30,000 depositors and precipitated heavy withdrawals; continued run reported through Oct 19.
Measures: Bank paid depositors who presented themselves without requiring regular notice; commissioner certified bank sound; offers of assistance from other city banks reported; bank said it may require contractual notice if run continued.
Newspaper Excerpt: 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, and that they are paying all that come without requiring regular notice, and expect to continue to do so.
Source: newspapers

Newspaper Articles (10)

1. October 16, 1875 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, October 16, 1875

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Minor Telegrams. The grand jury of New York has indieted Dolan for the murder of Noe. General B. F. Butler delivered a lecture on finance at Cooper Institute to a well filled hall. Hon. W. Cushing, youngest brother of Caleb Cushing, died at Newberryport, Vt., yesterday. The Dutch ship, William Poolman, Captain Voeld, was totally destroyed by fire at sea. The crew was saved. George Edmondson, the negro who raped a white woman in Fayette county, has been captured in Atlanta, Georgia. A run was made yesterday on the Home Saving Bank, of Boston, the bank paying all who came without issuing notes. A London dispatch states that Minister Wade has telegraphed that he has obtained a satisfactory guarantee from the Chinese Government. The seats around the race track at Greenfield, Ohio, fell with a thousand men, women and children, severely injuring a large number of them. A Constantinople dispatch states that a force of two thousand insurgents have been defeated by the Turks, One hundred and sixty were killed, and the rest took to flight. The Colored Coach-Drivers' Association of New York, while returning from a pic-nie, were assaulted by rowdies and two of their number killed. Seven of the assailants have been arrested.

2. October 16, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

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.

3. October 16, 1875 Gold Hill Daily News Gold Hill, NV

Article from Gold Hill Daily News, October 16, 1875

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Chicago once a year. His answer has excited much comment, and there are doubts whether he was jesting or in earnest. A Delegation of Indians Visit Washington. WASHINGTON, October 15.-A delegation of forty-eight Chippewas, from Minnesota, visited the Indian Department to-day. They left their agency without permission of their agent, and were four weeks on the road, paying their expenses by dancing, etc., at different places. A half-breed with them acted as interpreter. They came to complain of the agent, and desired to remain here till an interpreter could come from Minnesota to present their case properly. Commissioner Smith told them that under the circumstances he could not keep them, and advised them to return at once. Card from the Chairman of the Ohio Democratic State Central Comtee. COLUMBUS, October 15.-John G. Thompson, Chairman of the Democratic State Committee, in reply to a card of the Republican Committee, said he was charged with falsification when he nsserted that the Democratic vote was twenty thousand more than was ever cast for any Governor of Ohio, and that their defeat was caused by the lavish expenditure of money, fraudulent votes and the introduction of the public school question by the Republican party. Run on n Boston 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 perfectly safe condition, and that they are paying all that come without requiring regular notice, and expect to continue to do so. The semiannual dividend on earnings amounts to about $200,000, and its distribution calls nearly thirty thousand depositors to the bank. Should the run continue, the bank will undonbtedly require the notice provided for in its contract with each depositor. New Cable Route. WASHINGTON, October 15.--The United States steamer Tuscarora, now at San Francisco, will sail about the first of November on a cruise among the various groups of islands in the Pacific Ocean for the purpose of taking soundings to ascertain the most advantageous route for a cable in those waters. Negroes,Assaulted by Whites. NEW YORK, October 15.-While some colored men were returning last night from a pienic held in the outskirts of Brooklyn, they were attacked by a number of whites, and one of the negroes was instantly killed by a blow from a stone, and another was fatally injured. The police arrested seven men engaged in the assault.

4. October 16, 1875 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, October 16, 1875

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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.

5. October 16, 1875 Yankton Daily Press and Dakotaian Yankton, SD

Article from Yankton Daily Press and Dakotaian, October 16, 1875

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The Run on the Home Savings Bank. BOSTON, Oct. 16.-The run on the Home Savings Bank continues. Commissioner Gatezell certifies that the bank is able to pay all depositors. Offers of assistance, if needed, have been made by several city banks

6. October 18, 1875 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, October 18, 1875

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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.

7. October 20, 1875 The Sun New York, NY

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Run on a Savings Bank. BOSTON. Oct. 19.-The run on the Home Savings Bank continued to-day, and over fifty thousand dollars were p. 10 to depositors. NEW JERSEY.

8. October 20, 1875 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, October 20, 1875

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TELEGRAPHIC CLIPPINGS. Yesterday was the second day of the Baltimore races. Seven stores at Charleston, West Virginta, burned last night. Don Carlos has imprisoned General Dorregaray and other chiefs. Prof. Wheatston is very ill in Paris with congestion of the lungs. The steamer China, from Beston, arrived at Queenstown yesterday. The steamer Waldensian, from Mor treal, arrived at Glasgow yesterday. A dispatch from Berlin says that Khckand will probaby be annexed to Russia. The steamer State of Virginia, from New York, arrived at Glasgow, yesterday. The steamer City of Chester, from Liverpool, arrived at New York yesterday. The stramehip Pennsylvania, from Liverpool, arrived at Philadelphia yesterday. Fourteen stores at Anderson, Texas, burned yesterday. Loss forty thousand dollars. A snow storm. the first of the season, occurred at Port Jervis, New York, Saturday night. It is officially reported that ther are only two thousand Carlists remaining in Catalonia. The steamer Feraday Failed from London yesterday to repair the direct United States cable. A noted bank robber named Dunn, paped from the penitentiary at Columbus, Ohio, Monday. Nine out of twenty-tw prisoner in the county jail at Council Bluffs, Iowa, escaped yesterday. Captain John Mulrine, an old and well known steamboatman, died in Wheeling, West Virginia, Saturday. The Palo Alto mills, at Pittsburg, Pennsylvania, resumed work on Monday, after being idle for three years. The run on the Home savings bank, in Boston, still continues. Over filty thousand dollars were paid to depositors yesterday. Daniel Sullivan stabbed Neil Davis three times in St, Louis yesterday, from which he died in a few minutes. Sullivan was arrested. The twenty-eventh annual meeting of the General Christian Missionary convention of America opened in Louisville, Kentucky, yesterday. Jacob Sanderlin has been found guilty of murder in the first degree for the sheoting of Louisa Lieberman, in New York, on the nineteenth of April. His sentence was postponed until to-day. A small tenement-house in Oil City, Pennsylvania, burned yesterday. A little girl about four years old was burned to death, and 6 boy badly injured. About one thousand Pottswatomie Indians, an adyance party of the tribe from near Topeka, Kanasa, passed through Oekmalgee, Indian Territory, yesterday, for their new home in the Indian Territory. William T. B. Abbe, a potter, was caught in a grinding mill at St. Louis yesterday and terribly injured. His face was partially crashed, and one arm so badly as to necessitate amputation. Joseph Grimes got drunk, went into a negro woman's house in St. Generieve, Missouri, a a went to bed. "Bad Anne!! as she is called, returned home, and, failing to wall e him up, she got an ax and split his skull wide open, killing him instantly. James Ricker shot and killed his two sons, aged SEX and ten, at Hackettstown, New Jersey. Saturday, and shot at his wife, but missed. He then shot hinself in the head, bot the wound is not serious. Ricker was arrested, Domestic troubles led to the crime.

9. October 20, 1875 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, October 20, 1875

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TELEGRAMSIN GENERAL. The reunion of the 3d Mass. cavalry was held at Boston, last night. After a business meeting, a banquet was held at the American House. The run on the Home savings bank, Boston, continued yesterday, and over $50,000 were paid out to depositors. Becord of fire losses in New Eugland, for September, foots up to $941,000. The republicans of Berkshire and Hampshire (Mass.) districts have nominated James H. Rowley of Egremont for senator. John H. Cuthbert & Co., N. Y., refiners, have suspended. Liabilities $160,000. Schooner Ocean Pearl, which has been ashore in the rear of Sandy Hook two or three days, was got off this morning. Capt. Smith, of schooner Lucy Graham, Boston from Philadelphia, says that Saturday, off Fire Island, lost overboard while furling sails, mate David Howell of Morristown, N.J., and a negro seaman belonging in Philadelphia. Both were drowned, it blowing fresh and a heavy sea at the time. The first building in the country erected exclusively for the order of Sovereigns of Industry, was dedicated yesterday, at Springfield, Mass. The commission of Secretary of Interior Chandler was made out, and a note sent to Chief Justice Carter of the District Supreme Court to appear at the White House at 12 o'clock. The Chief Justice accordingly administered the oath of office to the new secretary. The cabinet then met, and Ex-Senator Chandler took his seat at the table. At the meeting of the Presbytarian Synod at Poughkeepsie, N. Y., Tuesday, Dr. Jrmes B. Dunn of the Boston Presbytery, was elected moderator.

10. October 21, 1875 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, October 21, 1875

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Sale of Steamers. NEW YORK, Oct. 19. The Directors of the Pacific Mail Steamship company held a meeting his afternoon and natified the sale recently negotiated of four of its old wooden side-wheel steamers, the Costa Rica, Oregonian, Golden Age and Nevada, to the Miltza Bitsche Company of Japa This company receives a ubsidy from the Japan Government. The steamers sold were run between Shanghae and Yokohama inopposition to the line of the Miliza Bitsche Com pany. The Miliza Bitsche Company offers to run the steamers bought so as to connect with the main line of the Pacific Mail. Har Money Convention Postponed* CINCINNATI, o., Oct. 19. The citizens who were preparing for the Hard Money Convention, to be held here on the 25th inst., have RCrepted the action of the New York Committee as to a postponement. New Hall Dedicated. SPRINGFIELD, Mass., Oct. 19. The first building in the country erected exclusively for the order of Sovereigns of Industry was dedicated o-day. Hung by a Mob. MILWAUKEE, Oct. 19. About a week ago, the Sheriff of Portage county, named Baker, was killed by two brothers, Amos and Isaiah Courtwright, whom he attempt d to eject from a building. Tuis morning masked men, numbering about 40, went to the jall at Stevens Point, took out the Courtwrights and hung them. The whole affair was quickly executed and there is no evi dence of the identity of the perpetra tors. Buffalo Aldermen in Trouble. BUFFALO, N. Y., Oct. 19. Thos. Keenan and Benj. Dickey, Aldermen, were to-day arraigned in the Supreme Court criminal term for misconduct in office, III seiling to the city and auditing their accounts for work and supplies furnished. They were held to bail in $20,000 each. A Righteous Order. ALBANY, N. Y., Oct. 19. Governor Tilden has instructed Dis riet Attorneys throughout the State to rosecute all persons guilty of the improper use of money at elections, on pain of dismissal. Murder in the First Degree. NEW YORK, Oct. 19. Jacob Standerman, who, on April 19th, shot and killed Louisa Sierdwald, was convicted of murder in the drst degree and will be sentenced tomorrow. The Louisiana Troubles. NEW ORLEANS, Oct. 19. A committee of prominent citizens of East Feliccana parish, headed by Mr. Piper, Conservative member of he House from that parish, waited on Acting Governor Antoine to-day with he view to the settlement of the diffi:ulties between the races in that parish. Run on a Savings Bank. BOSTON, Oct. 19. The run on the Home Savings Bank was continued to-day and over $500,000 paid to depositors. senator Booth Received at his Old Home. LOUISVILLE, KY., Oct. 19. Preparations are making to receive Senator Newton Booth, of California, in a manner becoming his position, next Thursday, at North Salem, Ind., his native place. An Odd Follows' Procession Pelted by Yale College Stu ents. NEW YORK. Oct. 19. A special to the Sun from New Haven reports that the procession of Odd Fellows' encampments of Con necticut and the invited encampments from Providence was insulted and pelted with stones by students as it passed Yale College and charged upon the students with drawn swords. Several students were slightly wounded. The faculty of the college have expressed their regret at the unfortunate occurrence. Deprecates Sectarianism in Public Schools. NEW YORK, Oct. 20. The Long Island Baptist Association, in session yesterday, adopted a resolution deprecating sectarianism in publie schools, and listened to an annual address by Rev. Dr. Fulton. The Secretary of the Treasury and the Sugar Refineries-More Light Promised on the Red Cloud Agency Affairs. CHICAGO, Oct. 20. A Washington special says that information received from New York is to the effect that the recent reduction of 54 100 per cent. per pound is the drawback on refined sugars, as was exported, has completely stopped the exportation of refined sugars from the United States. The retiners claim that some strange influence must have been exerted to effect the reduction, because they heard from European sugar merchants, a week before it took place, that the reduction was to be made, while no American refiner was consuitedn the subject either the