8149. Lowell Institution For Savings (Lowell, MA)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
December 10, 1891
Location
Lowell, Massachusetts (42.633, -71.316)

Metadata

Model
gpt-5-mini
Short Digest
1b40bb9b

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous newspaper dispatches (dated Dec 10–11, 1891) report a short-lived run on the Lowell Institution for Savings caused by a rumor that the bank was not safe. The bank paid demands promptly and there is no mention of suspension, receivership, or closure.

Events (1)

1. December 10, 1891 Run
Cause
Rumor Or Misinformation
Cause Details
A rumor that the bank was not safe triggered deposit withdrawals.
Measures
Bank paid all demands promptly; met withdrawals without suspension.
Newspaper Excerpt
A run was begun on the Lowell Institution for Savings this morning, caused by a rumor that the bank is not safe. The bank paid all demands promptly.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, December 11, 1891

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Article Text

RUN ON A SAVINGS BANK. Lowell, Mass., Dec. 10.-A run was begun on the Lowell Institution for Savings this morning, caused by a rumor that the bank is not safe. The bank paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.


Article from The World, December 11, 1891

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Article Text

WHISPERS OF THE WIRE. Bits of Telegraphic News From all Sections of The Globe. A run was commenced on the Lowell (Mass.) Institution for Savings yesterday morning, caused by a rumor that the bank is not safe. The bank paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered the soundest in the State. Australian influenza, which is similar to grippe, has made its appearance in California. In Oakland, Alameda and other towns hundreds are afflicted and many deaths are resulting from the disease. By an explosion of hot metal at the Lucy furnace, Pittsburg, Pa., yesterday, Joseph Mendetto and Frank Gerrado were fatally and three others seriously burned.


Article from The Morning News, December 11, 1891

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A Run On a Eavings Bank. LOWELL, Mass., Dec. 10.-A run was commenced on the Lowell Institution for Savings this morning, caused by a rum or that the bank is not safe. The bank has so far paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the state.


Article from The Morning Call, December 11, 1891

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Savings-Bank Run Promptly Met. LOWELL (Mass.), Dec. 10.-A run commenced on the Loweil Institution for Savlugs this morning, caused by a rumor that the bank was not safe. All the demands were promptly met. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.


Article from Waterbury Evening Democrat, December 11, 1891

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Run on a Lowell Bank. LOWELL, Mass., Dec. 11.-A run was commenced on the Lowell Institution for Savings yesterday, caused by the rumor that the bank was not safe. The bank is paying all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.


Article from Los Angeles Herald, December 11, 1891

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which side won the victory, but it is reported ten men were killed. WIRE WAIFS. At Galesburg, Ili., eleven prisoners escaped from jail by sawing off the bars of a window. The directors of the Bank of England have reduced the rate of discount from 4 to 3 per cent. George W. Stewart, inventor of the sea telephone, died suddenly of heart disease in New York, Wednesday night. At Otterville, Mo., the boiler of Chapman's saw mill exploded, killing Engineer Henry Jennings and Sterling Coe. Three ladies, the Misses Deens of London, were nearly asphyxiated at the Grand Central hotel at Columbia, S.C Charles B. Evarts, son of Hon. Williain M. Evarts, was found dead in his bed at Windsor, Vt., Thursday morning. By an explosion of hot metal at a furnace in Pittsburg, two men were fatally and three others seriously injured. The new commercial treaties between Austro-Hungary and Switzerland and Germany and Switzerland have been signed. At Montreal the drug firm of Kenneth, Campbell & Co. has suspended, with direct liabilities of $40,000; indirect, $30,000. At Rio de Janeiro there was a panic on the bourse, Thursday, owing to a heavy fall in railway shares. It is feared the decline will entail enormous failures. Mrs. Cora Bell Smith has sued for a divorce in Chicago from T. F. Smith, to whom she was married March 10, 1890, on a tug off San Francisco. She alleges habitual ill treatment. Influenza is epidemic in Upper Austria, and an immense number of people are prostrated. Horses, too, are attacked by the disease, and many deaths of animals are reported. At Lowell, Mass., a run was commenced on the Loweil Institution for Savings Thursday morning, caused by a rumor that the bank was not safe. All demands were rapidly met. Federal officers report the capture of two illicit distilleries in Northern Alabama, which they destroyed, together with several thousand gallons of whisky. No arrests were made. At Pinos Altos, N. M., a frame building in the center of the town took fire, and as not a drop of water was accessible for fighting fire, nearly the whole town was destroyed. The losses aggregate $100,000. In retaliation for the duties imposed by Canada on Newfoundland fish, the Newfoundland government has put into force a section of the act against Canada which increases the duty on articles imported from Canada. A gale which set in Wednesday night in Great Britain has done a large amount of damage, and has been attended with a number of fatalities. A number of small coasting vessels are reported lost along the south coast of England. At a meeting of the world's fair managers of Pennsylvania, a resolution was passed recommending the closing of the exposition on Sunday,: petitions representing over 800,000 Christian people having been presented by a committee of ministers, protesting against Sunday opening.


Article from Deseret Evening News, December 11, 1891

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whom she was married March 10, 1890, on a tug off San Francisco. She alleged habitual ill treatment. Washington, Dec. 10.-While the exact destination of the cruiser "San Francisco," now fitting out at San Francisco, cannot be officially ascertained, it is generally understood at navy department that she is going to Honolulu. Lowell, Mass., Dec. 10.-A run commenced on the Lowell Institution for Savings this morning, caused by a rumor that the bank was not safe. All demands were promptly met. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State. New Orleans, Dec. 10.-A special to the Picayune from Victoria, Tex., says: The first dirt on the new PanAmerican railway was thrown today in the presence of a large concourse and work begun in earnest. It will be the shortest line to the City of Mexico by nearly 800 miles, and will open one of the finest sections of country on the continent.


Article from The Salt Lake Herald, December 11, 1891

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TELEGRAPH-PAGES 1 AND 2. Domestic. Congress. Sunol Is not Lame Uncle Jerry's Crop Report. Dr. Graves on Trial in Denver. Report of the Attorney General. Telegrapher on the S. P. strike. A $100,000 Fire in Pinos Altos, N. M. Illicit Whisky Spilt by Officers in Alabama. Senator Evarts' Son is Found Dead in Bed. Pugilist Maher is Fighting With His Mouth Senator Stewart Introduces a Free Coinage Bill. Stewart. the Inventor of the Sea Telephone, Dies Suddenly. A Coloradoan Celebrates His Wedding in a Spree and Dies. A Needless Run is Made on the Lowell Institution for Savings. The Sequel of a Spectacular Wedding is a Divorce in Chicago. St. Louis and San Francisco Want the Democratic Convention. Robert Shirr, a Banker, is Arrested in Denver for Embezzlement. Three London/ladies are nearly Asphyxiated in Columbia.. S. C., Changes reported in the Western Railway Weighing Association. Jone Dunham. an Opera Singer, gets a Free "Ad" If not a Forutne. The National Bar Association Will Meet Annually in Washington An Explosion of Hot Metal in Pittsburg Kills Two and Burns Three Men. The War Department Decides that Cadet. Retirements. Service at West Point is "Included in Making The Cruiser San Francisco Expects to Go to Honolulu. More About the New York Dynamite Fiend. Estimates for Next Fiscal Year. Joaquin Miller and His Bad Boy. Deadly Boiler Explosion at Ottervllle, Mo. Commissioner Bates Says Our Underwriting Power is Decaying. Rev. Dr. Virgin Prefers New York to San Francisco. Chicago and Milwaukee Brewery in Court. Kit Carson, jr., Kills His Father and Motherin-law. Pious Pennsylvania wants the World's Fair Closed on Sunday. Garfield Park Races. Canadian Railroads Dump Chinese on Our Borders. World's Fair Matters. The Notorious Mike Ryan is in Denver and in Trouble. Jealousy and Murder in Pueblo. The Mechanics' Mills in Seattle Burnt. America Wins in the Chicago Tug-of-War. Mrs. Mabrick is Ill. A Hungarian Kills His Entire Family Because He Cannot Secure Work. Ex-Premier Hellaire is Hostile to a RussoFrench Alliance. Two Swindlers Make a Big Raid in Australia. Jewelry Thieves Jailed at St. Louis. Thos. O. Tollers, of Missouri, Chief Clerk of the House of Representatives. Foreign. Brazilian Troubles. Albanians Raid Servia. Bismarck Visits Waldersee. Spain Honors Dom Pedro's Remains. The Florence Divorce Case is Still on. De Rudini is Pleased with the Message. Montreal Wholesale Druggists Suspend. A Balloonatic Meets His Death in Bombay. London Comment on the President's Message. Influenza Prostrates Men and Beasts in Austria. In the Midst of His Troubles the Chinese Emperor Takes up the Study of English. Canada and Newfoundland Engage in a Merry Tariff War. Austria Signs the Treaties with Germany and Switzerland. French Part es Combine Against the Clericals. Caprivi Urges the Adoption of the New Treaties It is not Chickenpox but Smallpox That the King of Greece has. The Bank of England Lowers the Rate of Discount from 4 to 3½ per cent. Queen Victoria has Made Another Match and Gives the Betrothed a Banquet. General Pelly is Killed. Starvation and Sicknoss in Russia. Foreign Claims Against Chili. Parnell left $31,260 in Property. Work on the Panama Railway Begins.


Article from Evening Star, December 11, 1891

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Krupp is said to have received an order for heavy cannon from the Chilean government. A run was commenced on the Lowell Institution for Savings at Lowell, Mass.. yesterday, caused by the rumor that the bank was not safe. The bank paid all demands promptly.


Article from The Salt Lake Herald, December 11, 1891

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A Run on the Lowell Savings Institution. LOWELL, Mass., Dec. 10.-A run commenced on the Lowell institution for savings this morning. It was caused by a rumor that the bank was not safe. All demands were promptly met. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the state.