Dime Savings Bank - Detroit, MI

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: January 8, 1897
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: f7b7f8a4

Response Measures

None

Description

Article (1897-01-08) describes newsboys shouting about trouble at the Dime Savings Bank of Chicago which caused people to think Detroit's Dime Savings Bank was implicated and almost caused a run. No suspension or closure reported.

Events (1)

1. January 8, 1897 Run

Cause: Rumor Or Misinformation
Cause Details: Newsboys shouted about trouble at the Dime Savings Bank of Chicago, leading many to mistakenly think the Detroit bank was implicated.
Random Run: Yes
Random Run Snippet: newsboys shouted about Chicago bank trouble; Detroit thought implicated
Newspaper Excerpt: The Dime Savings bank, of Chicago, is in trouble and when an account of it was published in the Detroit papers the newsboys almost caused a run on the Dime Savings bank of Detroit by merely calling, All about the Dime Savings bank trouble. Many people thought it referred to the Detroit bank.
Source: newspapers

Newspaper Articles (1)

1. January 8, 1897 The Yale Expositor Yale, MI

Article from The Yale Expositor, January 8, 1897

Click image to open full size in new tab

Article Text

Jos. Hasford and Duncan Stuart were rowing in a canvas boat near Williamston when it overturned and Hasford was drowned. Stuart had a narrow escape. Nils Nilson has brought a charge of adultery against Dr. G. Fremont Knowles, one of the leading physicians of Manistee, naming Mrs. Nilson as co-respondent. She claims that the doctor exercised a hypnotic power over her, while the doctor says it is a case of blackmail. The Dime Savings bank, of Chicago, is in trouble and when an account of it was published in the Detroit papers the newsboys almost caused a run on the Dime Savings bank of Detroit by merely calling, "All about the Dime Savings bank trouble." Many people thought it referred to the De troit bank.