Article (Dec 20, 1853) reports a run on the Savings Bank of Baltimore that has ceased and depositors are replacing funds after prompt payment restored confidence. No suspension or closure mentioned. 'Savings Bank' is taken as a state-chartered savings bank (national banks did not exist in 1853).
Events (1)
1.December 20, 1853Run
Cause Details
General depositor nervousness/panic; no specific rumor or bank-specific failure described.
Measures
Prompt payment by the bank restored confidence; depositors replacing withdrawn funds.
Newspaper Excerpt
The run on the Saving's Bank of Baltimore has entirely ceased, and those who drew out their money are now replacing it. Prompt payment restored confidence.
Source
newspapers
Newspaper Articles (1)
1.December 21, 1853Washington SentinelWashington, DC
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Article Text
The Bank Excitement. BALTIMORE, Dec. 20.-The run on the Saving's Bank of Baltimore has entirely ceased, and those who drew out their money are now replacing it. Prompt payment restored confidence.