Deposit Bank (Glasgow, KY)

Episode Information

Episode UID
8130808091105
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
813080809 hash
Start Date
January 27, 1892
Location
Glasgow, Kentucky (36.996, -85.912)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
08432d4d23a97643

Response Measures

None

Description

Later reports identify the cashier as a $25,000 defaulter and mentally ill, suggesting internal problems beyond the initial rumor.

Events (3)

1. January 27, 1892 Receivership
Newspaper Excerpt
The bank ... suspended payment and made an assignment. Its assets will considerably exceed the liabilities, and every depositor will be paid in full.
Source
newspapers
2. January 27, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
A rumor circulated that the bank had failed, prompting county-wide withdrawals.
Measures
Paid out all available funds in response to withdrawal demand.
Newspaper Excerpt
The Deposit bank at Glasgow closed its door yesterday afternoon after a big run. A rumor started in some way that the bank had failed and soon after every depositor in the county was calling for his money.
Source
newspapers
3. January 27, 1892 Suspension
Cause
Rumor Or Misinformation
Cause Details
After exhausting available funds due to the run spurred by the rumor, the bank suspended payments and made an assignment.
Newspaper Excerpt
The bank paid out all its available funds and then suspended payment and made an assignment.
Source
newspapers

Newspaper Articles (15)

Article from Asheville Daily Citizen, January 29, 1892

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CLOSED ITS DOORS. A Rumor Causes a Bank Failure in Glasgow, Ky. LOUISVILLE, Ky., Jan. 27.-The Deposit bank at Glasgow closed its door yesterday afternoon after a big run. A rumor started in some way that the bank had failed and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment and made an assignment. Its assests will considerably exceed the liabilities, and every depositor will be paid in full.


Article from Daily Kennebec Journal, January 30, 1892

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1 CONDENSED DISPATCHES. e 1 The Pith of the News Taken From the b Current Events of the Day. e b h Felix Gourdeau leather and hides. Qneb bec, assigned Friday. Liabilities $74,000. . Gen. Henry A. Barnum, port warden of New York, and a distinguished veteran of the late war, died Friday, of pneumonia. a A tremendous strike of silver ore has been made at Credo, Col. The population 1 of the town has nearly doubled in two b weeks. At the explosion in the Rush Run coal mines in Fayette county, West Virginia, Thursday, five men were killed and five injured. One hundred union bakers are on a strike a at Toledo, Obio, because their employers e use yeast made by scab employes of Fleishman & Co. of Cincinnati. Most of the large clothing factories at h Egg Harbor City, N. J. , are what down on h account of dull times. Fully two-thirds of the population are now entirely idle. f The case of Trefethen and Smith, at Maiden, Mass. charged with the murder of 1 Tena Davis, has been continued to Febru n ary, owing to the serious illness of Mrs. Davis. e Butler county bank, a private institution at Chicora, Pa., closed its doors Friday e and assigned The liabilities are said to , $60,000. It is claimed that the depositors will be paid in full. Western farmers, especially those in F Kansas and Nebraska, are refusing to seil t their grain. They are dissatisfied with the e present prices and will hold their grain une til it rises. t The deposit bank at Giasgow, Ky 0 closed its doors Thursday after a big run ? caused by a rumor that the bank had failed. $ The banks paid out all available assets then assigned. The depositors will be paid in full. A rear end collision occurred on the New York Central at Syracuse, N. Y., Friday. Brakeman William Cox was instantly killed. Conductor John Welch had both feet c cut off and Brakeman Patrick Welch was injured internally. Dr. J. B. Andrews was arrested Friday, e at Lynn, charged with attempted bribery. 8 He wrote to Alderman Houston offering him some money if the doctor secured a e certain appointment. Andrews came to a Lynn six years ago from Springvale, Me. Assemblyman Foley Friday introduced T in the New York Assembly the so-celled liquor dealers' excise bill. It gives the y board of excise power to license all-night t houses, here dances are held, and give s license for balls, for the sale of liquor after a midnight. I, The second story of Taylor. Hoyt & . Hurd's box factory at New London Junca a tion, N. H., occupied by John Walker, as a shoe contractor's shop, was burned Thurse day night, Walker's loss is $3000; total loss on building and contents, $15,000; , partly insured. ot An agreement has been signed by all the in strawboard mills in Indiana by which the e prices for 1892 will be 30 per cent. higher d than they were last year, and consumers e will be compelled to pay $40 per ton for a strawboard instead of $30 as heretofore. " This will advance the price of all materials packed in pasteboard boxes.


Article from New-York Tribune, January 30, 1892

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BANKS CLOSE THEIR DOORS. Hot Springs, S. D., Jan. 29.-The doors of the Fall River County Bank, at Oelrichs, were closed yesterday. The bank had made an assignment to T. II. White, for the benefit of its creditors. It is supposed the llabilities to depositors and others will foot up about $28,000, while the assets, which consist mostly of notes secured by chattel mortgages, are considered entirely inadequate to cover the liabilities. The depositors are mostly poor farmers and laborers. Louisville, Ky., Jan. 29.-The deposit bank at Glasgow closed its doors yesterday, after a run. A rumor started in some way that the bank had failed and soon after every depositor In the county was calling for his money. The bank paid out all its available funds, and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities, and every depositor will be paid in full.


Article from The Seattle Post-Intelligencer, January 30, 1892

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BUSINESS FAILURES. Three Banks Go Down-Baltimore Pork Packers Settle. MILLERSTOWN, Pa., Jan. 29. -The - Butler County bank, a private banking institution, has closed its doors and H. J. Hoyt, the cashier, has made an assignment for the benefit of creditors. It is understood several prominent oil men are involved, and if pushed other failures are feared. The deposits are said to be upwards of $60,000. LOUISVILLE, Ky., Jan. 29.-The Deposit bank at Glasgow has closed its doors owing to a run brought about by a rumor that the bank failed. The bank paid out all its available funds and then assigned. It is stated that every depositor will be paid in full. BALTIMORE, Jan. 29.-Cassard & Son, pork packers, have made a satisfactory settlement with creditors and resumed business. Hor SPRINGS, S. D., Jan. 29.-The Fall River County bank, at Oelrichs, has assigned for the benefit of creditors. It is supposed that the liabilities are about $28,000. The assets are entirely inadequate to cover the liabilities, it is said.


Article from The Morning News, January 30, 1892

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Article Text

A Run Closes a Bank. LOUISVILLE, Ky., Jan. 29.-The Deposit Bank of Glasgow closed its doors yesterday afternoon after a big run. A rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment, and made an assignment. Its assets will considerably exceed the liabilities, and every depositor will be paid in full.


Article from The Roanoke Times, January 30, 1892

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Article Text

Closed by a Run. LOUISVILLE, Ky., Jan. 28.-[Special]The Deposit Bank at Glasgow closed its doors yesterday afternoon after a big run. The rumor started in some way that the bank had failed. and soon after every depositor in the county was calling for his money. The bank paid out all the available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities and every depositor will be paid in full.


Article from Grand Rapids Herald, January 30, 1892

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Article Text

Called for Their Maney. LOUISVILLE, Ky., Jan. 29.-The deposit bank at Glasgow closed its doors Thursday after a big run. A rumor started in some way that the bank had failed and soon after every depesitor in the county was calling for his money. The bank paid out all of its available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities and every depositor will be paid in full.


Article from Los Angeles Herald, January 30, 1892

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Article Text

Run on a Bank. LOUISVILLE, Ky., Jan. 29.-The Deposit bank at Glasgow has closed its doors. owing to a run on it, brought about by a rumor that the bank had failed. The bank paid out all its available funds and then assigned. It states that every depositor will be paid in full.


Article from Richmond Dispatch, January 30, 1892

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A Kentucky Bank Suspends. [By telegraph to the Dispatch.) LOUISVILLE, Kr.. January 29.-The Deposit Bank at Glasgow closed its doors yesterday afternoon after a big run. A rumor was stal to ed in some way that the bank had failed, and soon after every depostor in the county was calling for his money. The bank paid out all of its available funds, and then suspended payment and made an assignment. Its assets will CODsiderably exceed its liabilities, and every dopositor will be paid in full


Article from The Durham Daily Globe, January 30, 1892

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A BUST. A Kentucky Bank Closes Its Doors and Depositors Wait for It. LOUISVILLE, Ky., Jan. 29.-The Deposit bank, at Glasgow, closed its doors yesterday afternoon after a big run. Rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment and made an assignment. Its assets will considerably exceed its liabilities and every depositor will be paid in full.


Article from The Salt Lake Herald, January 30, 1892

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Article Text

A Deposit Bank Fails. LOUISVILLE, Jan. 29.-The deposit bank at Glasgow has closed its doors owing to a run on it brought about by a rumor that the bank hed failed. The bank paid out all its available funds and then assigned. It is stated every depositor will be paid in full.


Article from Evening Star, February 2, 1892

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Article Text

The Deposit Bank at Glasgow, Ky., has suspended payment and made an amignment.


Article from Daily Tobacco Leaf-Chronicle, February 3, 1892

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Bank Closed. BOWLING GREEN, Ky., Feb. 1.-The Deposit bank of Glasgow, Ky., closed its doors Friday, the result of a run for want of confidence in the management. It is said they will pay dollar for dollar.


Article from Shenandoah Herald, February 5, 1892

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South and West. ALICE MITCHELL the nineteen-year-old daughter of a wealthy retired merchant, jumped from a carriage at Memphis, Tenn., seized Freda War3, her friend, and killed her by cutting her throat. FIRE destroyed the Metropolitan Opera House Block at Columbus, Ohio. Loss over $300,000 FRANK BROWN and his wife, of South Boston, Ind., were kicked to death by a stallion. THE farm house of George Myers, three miles west of Kendallville, Ind., was burned to the ground, and Marion; the eighteen-year old son of Mr. Myers, and Dr. Owens, a brother of Mrs. Myers, were roasted to death. LEE GIBSON, colored man, seventy years of age, was taken out of jail at Owenton, Ky., by a mob, and banged for murder. AN official dispatch from San Antonio, Texas, says that Garza, the bandit, has escaped from the Lower Rio Grande frontier, and that he is now in the country between Del Rio and the Picas River, with from 4500 to 5000 well armed and mounted Mexicans. OTTO HAUSER, who committed suicide at San Antonio, Texas, is reported to be Stanislaus Padiewski, the Nihilist, who assassinated the Russian General Michael de Seliverstoff, in Paris on November 18, 1890. NEAR Pineville, Ky., "Bob" Jones and Lee Davis. members of the Parton faction, were killed by Turner and his men. RAIN began talling throughout Central and Northern Arizona. It is the first rain since February 15, 1891. THOMAS THOMPSON, colored, was hanged at Chestertown, Kent County, Md., for the murder of William Adams, also colored. The hanging was the first in the county since 1851. THE doors of the Fall River County Bank, at Oelrichs, South Dakota, were closed. The depositors are mostly poor farmers and laborers, The deposit bankat Glasgow, Ky., has also closed its doors after a run. By a premature blast in the Rush Run Coal Mines, Fayette County, W. Va.. five men were killed and five wounded. They were all colored laborers.


Article from The Austin Weekly Statesman, February 11, 1892

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Bank Cashier Becomes Insane. LOUISVILLE, Ky., Feb. 4.-Judge John Ritter, cashier of the Deposit Bank of Glasgow, which failed a few days ago, is a defaulter in the sum of $25,000 and insane. Yesterday morning the judge went to the bank early and returned home about 10 o'clock. A few minutes later some farm hands working in a field in the rear of Judge Ritter's house saw him rushing across the field yelling and crying for help. He was perfectly nude, without even shoes or stockings on his feet. The once prominent citizen and cashier was a raving maniac. He was overpowered after a long chase and desperate struggle. The physicians pronounce the affliction a case of acute insanity, brought on by great mental strain. The cause of Judge Ritter's financial trouble is assigned to injudicious speculations during the past three years. Just before the failure was announced Judge Ritter turned over all of his property, worth about $10,000, to the bank.