Springfield Institution For Savings

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: October 18, 1892
Location: Springfield, Massachusetts (42.101, -72.590)

Metadata

Model: gpt-5-mini
Short Digest: 0381836c

Response Measures

None

Description

Article (Oct 18, 1892) reports a run on the Springfield Savings Bank caused by a suit by the county treasurer for alleged unpaid taxes of $86,000. The provided bank name is 'Springfield Institution For Savings' while the article calls it 'Springfield Savings Bank' — likely the same savings institution but name differs in sources.

Events (1)

1. October 18, 1892 Run

Cause: Bank Specific Adverse Info
Cause Details: Run occasioned by a suit brought against the bank by the county treasurer for alleged unpaid taxes of $86,000 over five years.
Newspaper Excerpt: RUN ON A BANK. - Uneasiness in Springfield Business Circles Caused by a Suit. SPRINGFIELD, Mass., Oct. 18.-A run on the Springfield Savings Bank yesterday caused considerable uneasiness in business circles.
Source: newspapers

Newspaper Articles (1)

1. October 18, 1892 The Providence News Providence, RI

Article from The Providence News, October 18, 1892

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Article Text

RUN ON A BANK. - Uneasiness in Springfield Business Circles Caused by a Sult. SPRINGFIELD, Mass., Oct. 18.-A run on the Springfield Savings Bank yesterday caused considerable uneasiness in business circles. The run was occasioned by a suit brought against the bank by the county treasurer for alleged taxes to the amount of $86,000, due during the past five years. The bank will fight the suit in court.