Dollar Savings Bank (Painesville, OH)

Episode Information

Episode UID
8327456291276
Episode Type
Run Only
Bank Type
savings
Bank ID
832745629 hash
Start Date
April 30, 1906
Location
Painesville, Ohio (41.724, -81.246)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8c96d2862193b2b3

Response Measures

None

Events (1)

1. April 30, 1906 Run
Cause
Bank Specific Adverse Info
Cause Details
Commencement of a U.S. court suit alleging accounting issues and loans in excess of legal limits related to stocks held for a deceased individual.
Measures
First National Bank of Cleveland sent $200,000 in cash (delivered by automobile) to the Dollar Savings Bank to halt withdrawals.
Newspaper Excerpt
The sending of $200,000 to the Dollar Savings Bank of Painesville ... stopped a run on the former institution.
Source
newspapers

Newspaper Articles (10)

Article from Evening Times-Republican, April 30, 1906

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Article Text

AUTO CARRIES RELIEF. Cleveland Bank Sends Money to Help Out the Painesville O., Institution. Cleveland, O., April 30.-The sending of $200,000 to the Dollar Savings Bank of Painesville, by the First National Bank of this city, in an automobile, today, stopped a run on the former institution. The Dollar Savings Bank was declared by the bankers to be perfectly solvent.


Article from The Daily Morning Journal and Courier, May 1, 1906

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Article Text

Anto With Money Saves Run on Bank. Cleveland, April 30.-The sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile to-day stopped a run on the former institution. The Dollar Savings bank is declared by bankers to be perfectly solvent.


Article from Bismarck Daily Tribune, May 1, 1906

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Article Text

AUTOMOBILE Carries $200,000 to Bank and Stops a Run On It Cleveland, May 1.-The sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile stopped a run.on the former institution. The Dollar Savings bank is declared by bankers to be perfectly solvent. The occasion for the run was the be ginning of a suit in the United States court last Saturday by William P. Engel of Defiance, O., asking for an accounting with the Dollar bank and with a financial institution in this city of stocks held for Engel by the late Leland V. Prior at the time of his suicide. In his petition Engel made the charge that the two banks in question had made loans in excess of the limit set by law.


Article from The Bemidji Daily Pioneer, May 1, 1906

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Article Text

SENDS $200,000 IN AUTOMOBILE. Cleveland Bank Stops Run on Paines ville (0.) Institution. Cleveland, May 1.4 The Sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile stopped a run on the former institution, The Dollar Savings bank is declared by bankers to be perfectly solvent. The occasion for the run was the beginning of a suit in the United States court last Saturday by William P. En gel of Deflance, O., asking for an accounting with the Dollar bank and with a financial institution in this city of stocks held for Engel by the late Leland V. Prior at the time of his sui cide. In his petition Engel made the charge that the two banks in ques tion had made loans in excess of the limit set by law.


Article from The Madison Daily Leader, May 1, 1906

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Article Text

SENDS $200,000 IN AUTOMOBILE. Cleveland Bank Stops Run on Paines. ville (0.) Institution. Cleveland, May 1.--The sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile stopped a run on the former Institution. The Dollar Savings bank is declared by bankers to be perfectly solvent. The occasion for the run was the beginning of a suit in the United States court last Saturday by William P. Engel of Defiance, O., asking for an accounting with the Dollar bank and with a financial Institution in this city of stocks held for Engel by the late Leland V. Prior at the time of his suicide. In his petition Engel made the charge that the two banks in question had made loans in excess of the limit set by law.


Article from The Bemidji Daily Pioneer, May 1, 1906

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Article Text

SENDS $200,000 IN AUTOMOBILE. Cleveland Bank Stops Run on Paines ville (O.) Institution. Cleveland, May 1 The sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile stopped a run on the former Institution. The Dollar Savings bank is declared by bankers to the perfectly solvent. The occasion for the run was the beginning of a suit in the United States court last Saturday by William P. En gel of Deflance, O., asking for an accounting with the Dollar bank and with a financial institution in this city of stocks held for Engel by the late Leland V. Prior at the time of his sui cide. In his petition Engel made the charge that the two banks in ques tion had made loans in excess of the limit set by law.


Article from The Democrat-Sentinel, May 3, 1906

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Article Text

OHIO BRIEFS. What's Doing In the Bucksye State. Supervisors of Election. Columbus, O., May 1.-Secretary of State Laylin appointed deputy state inspectors and supervisors of elections for the four largest counties in the state for four years. In each county two members of the board hold over and two retire. These four counties are all which contain cities having annual registration of voters. The ap. pointments of deputy supervisors in the 84 other counties will be made Aug. 1. Those announced were: Cuyahoga, David E. Christian (Rep.), John J. Fitzgerald (Dem.) Franklin, Ricnard Sinclair (Rep.), James Caren (Dem.): Hamilton, Walker M. Yeatman (Rep.), William J. McDevitt (Dem.); Lucas, William A. Dickey (Rep.), Louis J. Dennis (Dem.). Stopped a Run. Cleveland, O., May 1.-The sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile stoppedarun on theformer institution. The Dollar Savings bank is declared by bankers to be perfectly solvent. The occasion for the run was the beginning of a suit in the United States court by William P. Engel of Defiance, O., asking for an accounting with the Dollar bank and with a financial institution in this city of stocks held for Engel by the late Leland V. Prior at the time of his suicide. In his petition Enel made the charge that the two banks in question had made loans in excess of the limit set by law. Cincinnati Musical Festival. Cincinnati, O., May 1 - -The final rehearsals for the seventeenth Cincinnati May musical festival were held Monday night, with Sir Edward Elgar of England holding he baton for his own works, and Frank Van Der Stucken directing the other compositions. The soleists have all been in the city several days attending rehearsals. "he place of Madame Homer, whose illness as a result of the San Francisco earthquake compelled her to cancel her engagement, will be taken by Miss Janet Spencer, the English contralto. Hon. Nicholas Longworth and his bride will attend the festival.


Article from Wausau Pilot, May 8, 1906

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Article Text

Save Bank by Automobile. The sending of $200,000 to the Dollar Savings bank of Painesville, Ohio, by the First National bank of Cleveland in an automobile stopped a run on the former institution.


Article from Wausau Pilot, May 22, 1906

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Article Text

A run on the Dollar Savings bank of Painesville, Ohio, was stopped when an antomobile arrived from Cleveland with $200,000 in cash.


Article from Wood County Reporter, May 24, 1906

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Article Text

A run on the Dollar Savings bank of Painesville, Ohio, was stopped when an automobile arrived from Cleveland with $200,000 in cash.