8382. Hopkins Place Savings Bank (Baltimore, MD)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
January 27, 1892
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
a417936e

Response Measures

Public signal of financial health

Description

Multiple contemporaneous newspaper dispatches (Jan 27–30, 1892) report a short two- to three-day run on the Hopkins Place Savings Bank caused by an erroneous publication that application had been made to place the bank in the hands of a receiver. The bank remained open, declined outside offers of assistance, displayed cash, and reported deposits exceeding withdrawals after Jan 29. No suspension or receivership is reported.

Events (1)

1. January 27, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
An erroneous publication (false report) claimed an application had been made to place the bank in the hands of a receiver, triggering withdrawals.
Random Run
Yes
Random Run Snippet
Erroneous publication claimed application to place bank in receiver's hands
Measures
Bank officers displayed large amounts of cash; declined offers of outside assistance; stated they had ample funds and later reported deposits exceeding withdrawals.
Newspaper Excerpt
There has been a two-days' run on the Hopkins Place savings bank, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver.
Source
newspapers

Newspaper Articles (10)

Article from Pawtucket Tribune, January 28, 1892

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Article Text

Depositors Lack Confidence. a BALTIMORE, Jan. 28.-There has been two-days' run on the Hopkins Place Savings bank, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver. Deposits amounting to $65,000 have been withdrawn. The bank claims to have ample funds to meet any emergency.


Article from Morning Journal and Courier, January 28, 1892

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Article Text

Rnn on a Bank. BALTIMORE, Jan. 27.-There has been a two-days' run on the Hopkins Place savings bank, caused, it is claimed, by an erroneous publication that application had been made to place the bank in the hands of a receiver. Deposits amounting to $65,000 have been withdrawn. Several new accounts, however, have been opened, and the bank claims to have ample funds to meet any emergency. Its annual statement, published January 4, showed it had $1,014,735 invested in stocks and bonds on which it is said $900,000 could be raised in twenty-four hours.


Article from Richmond Dispatch, January 29, 1892

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Article Text

The Bultimore Bank Run Continue . (By telograph to the Dispatch.) BALTIMORE, MD., January 28.-The run on the Hopkins- Place Savings Bank was continued to-day. Police were necessary tokeep in line the depositors, who were aboving and crowding and calling for their money. The people withdrawing their deposits are nearly all thrifty foreigners and negroes. Their ignorance, however, makos useless explanations of the bank's solid condition. Even the object-lesson of a large table piled high with greenbacks makes no impression, except apparently to exeite a greater eagerness to get "my money." Half a dozen bank presidents called on the officers of the Hopkin-Place Bank and tendered offers of unlimited amounts of money if the bank needed it, but President Smith declined their offer with thanks, saying be had plenty of money to pay all who came to draw.


Article from The Roanoke Times, January 29, 1892

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Article Text

Run on a Bank. BALTIMORE, Md.. Jan. 28.-1Special| -The run on the Hopkins Place Savings Bank was continued to-day. The police were necessary to keep in line the despitors, shoving and crowding and calling for their money. The people withdrawing their deposits are nearly all thrifty foreigners and negroes. Half a dozen bank presidents called on the officers of the Hopkins Place Bank and tendered offers of unlimited amounts of money if the bank needed it, but President Smith declined their offer with thanks, saying they had plenty of money to pay all who came to draw.


Article from Asheville Daily Citizen, January 29, 1892

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Article Text

AFFAIRS OF CONSEQUENCE. FOREIGN. Rev. Mr. Spurgeon is still critically ill. Dr. Alfred Carpenter, the well known English physician, is dead. He was the author of many medical works. The French government will ask the general assembly a credit of $700,000 to enable France to participate in the Chicago Columbian exposition. The United States minister to France, Hon. Whitelaw Reid, denies that negotiations were being carried on in Paris for reduction in the United States duties on French silks and wines in return for reciprocal advantages in the French duties. HOME. Virginia owns 1,500,000 acres of oyster lands. There are over a thousand cases of grip at Aurora, Ill. A two days' run was made on the Hop kins Place Savings bank, in Baltimore, but the bank stoodit. Solomon Hanks, a cousin of Abraham Lincoln, died at his home, 15 miles east of Wapakonetta, O., at the age of 92 years. The Ohio house of represeutatives has appointed a committee to investigate the allegations of bribery in the sena. torial contest in that state. Senator Sherman has written a letter. All of the 400 employes of Brooke Iron company, at Birdsboro, Pa., continued working at the recent reduction in their wages of about 10 per cent. except thenail feeders, who struck. A suit was filed for $185,500 against the executors of the estate of the late Senator Plumb. of Kansas. It is claimed that Senator Plumb subscribed $115,000 to the capital stock of a railroad scheme in Virginia which he never paid.


Article from The Morning Call, January 29, 1892

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Article Text

Run on a Savings Bank. BALTIMORE, Jan. 28.-The run on the Hopkins-place Savings Bank continued today. The police were necessary to keep in liue the depositors, who were calling for their money. Half a dozen bank Presidents called on the officers of the Hopkinsplace Bank and tendered offers of unlimited amounts of money if the bank needed it, but President Smith declined the offers with thanks, saying they had money enough to pay all who came.


Article from Richmond Dispatch, January 30, 1892

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Article Text

The Baltimore Bank Run Ended. (By telegraph to the Dispatch.] BALTIMORE, January 29. - The run on the Hopkins Place Savings Bank has censed. President Smith states that more money is now being deposited than is being paid out.


Article from The Morning News, January 30, 1892

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Article Text

Baltimore's Bank Run Ended. BALTIMORE, MD., Jan. 29.-The - run on the Hopkins Place Savings Bank has ceased. President Smith states that more money is now being deposited than is being paid out.


Article from Asheville Daily Citizen, January 30, 1892

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Article Text

THE RUN CONTINUES. Police Necessary to Keep the Crowd in any Order. BALTIMORE, Jau. 30.-The run on the Hopkins Place savings bank was continued yesterday. The police was necessary to keep in line the depositors shoving and crowding and calling for their money. The people withdrawing their deposits are thrity foreigners and negroes. Their ignorance, however, makes useless explanations of the bank's solid condition. Even the object lesson of a large table piled high with greenbacks makes no impression, except apparently to excite greater eagerness to get "my money." Half a dozen bank presidents called on the officers of the Hopkin's Place bank and tendered offers of unlimited amounts of money it the bank needed it, but President Smith declined their offer with thinks, saying they had plenty of money to pay all who called to draw.


Article from Morning Journal and Courier, January 30, 1892

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Article Text

TELEGRAPHIO JOTTINGS. The run on the Hopkins Place Savings bank at Baltimore has ceased. The United States minister at Pekin has advised the secretary of state of the practical suppression of the rebellion in Mongolia. John J. Verser, president of the Old Dominion Republican league, was acquitted in the criminal court at Washington yesterday of the charge of having violated the civil service law by soliciting and receiving contributions for political purposes.