Germania Savings Bank (New Orleans, LA)

Episode Information

Episode UID
9274276791270
Episode Type
Run Only
Bank Type
savings
Bank ID
927427679 hash
Start Date
October 13, 1905
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4df2119ddd3c0c0c

Response Measures

None

Events (1)

1. October 13, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Newspaper story claimed bank held $30,000 of defaulted Rushmere Planting Company bonds; officers/vice-president stated they and associates took the bonds and shouldered the loss.
Random Run
Yes
Random Run Snippet
Newspaper story claimed defaulted bonds; officers shouldered the loss.
Measures
Each depositor was promptly paid on presentation of passbook; police kept order; business men offered cash support.
Newspaper Excerpt
Owing probably to the publication of a story ... a run began this afternoon on the Germania Savings Bank and many small depositors gathered ... and withdrew their deposits.
Source
newspapers

Newspaper Articles (11)

Article from New-York Tribune, October 14, 1905

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Article Text

RUN ON NEW-ORLEANS BANK. Newspaper Story Causes Panic, but All Depositors Are Promptly Paid. New-Orleans, Oct. 18.-Owing probably to the publication of a story in a newspaper here, a run began this afternoon on the Germania Savings Bank, and many small depositors gathered at the institution and withdrew their deposits. A force of policemen kept the crowd in order, and each depositor was promptly paid as he presented his book, the officers of the bank having made provision for a possible run. They said that it was in an impregnable condition, and that all who desired would be promptly paid Several business men have shown their confidence by offering large sums of money to the institution. The story printed was to the effect that the bank held $30,000 of the mortgage bonds of the Rushmere Planting Company, in which Vice-President Blaffer of the bank is interested, and that the company had defaulted. Mr. Blaffer said that he and his associates had taken the bonds off the hands of the bank and shouldered the loss themselves. While the run was on, Germania Bank stock was quoted on the Stock Exchange at $1,500 a share, a rise of ten points during the day. The bank is regarded as one of the stanchest in this city.


Article from Daily Press, October 14, 1905

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Article Text

RUN ON BANK IN NEW ORLEANS Depositors Demand Their Money as the Result of a Newspaper Story. (By Associated Press.) NEW ORLEANS, Oct. 13.-Owing probably to the publication of a story in a newspaper here a run began this afternoon 0 the Germania Savings bank and many small depositors gathered at the institution and withdrew their 'deposits. The officers of the bank said the bank was in an impregnable condition.


Article from The Pensacola Journal, October 14, 1905

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Article Text

RUN ON A NEW ORLEANS BANK By Associated Press. New Orleans, Oct 13.-Owing probably to the publication of a story yesterday in a newspaper here a run began today on the Germania Savings Bank and many small depositors withdrew their deposits. The police kept the crowd in order and each depositor was paid promptly when his book was presenteal the officials having made preparations against the run. Few of the depositors knew the reason for the run. The bank officers declare the bank in a safe condition and all accounts will be paid promptly. Business men have offered a large sum of money to the bank.


Article from Evening Times-Republican, October 16, 1905

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Article Text

Bank Run Ceases. New Orleans, Oct. 16.-The run on the Germania Savings bank has entirely ceased.


Article from Rock Island Argus, October 16, 1905

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New Orleans Run Ends. New Orleans, Oct. 16.-The run on the Germania Savings bank has entirely ceased.


Article from The Minneapolis Journal, October 16, 1905

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NEW ORLEANS BANK RUN CEASES. New Orleans, Oct. 16.-The run on the Germania savings bank has entirely ceased.


Article from The Montgomery Advertiser, October 17, 1905

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Run on Bank Thing of Past. New Orleans, Oct. 16.-The run on the Germania Savings Bank has entirely ceased and the excitement of Friday and Saturday has entirely passed. When the bank opened today there was nobody waiting to withdraw money. and as the hours passed, it became evident that confidence in the institution had been fully restored. Before 11 o'clock the deposits of twenty of those who had taken their money out last week were presented for redeposit.


Article from The News & Observer, October 17, 1905

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RUN ON THE GERMANIA OVER. The Incident Closed and Credit of the Bank Unimpaired. (By the Associated Press.) New Orleans, Oct. 16.-The run on the Germania Savings Bank has entirely ceased. When the bank opened today there was nobody waiting to withdraw money, and as the hours passed it became evident that confidence in the institution had been fully restored. Before eleven o'clock the deposits of twenty persons who had taken money out last week were presented for re-deposit. The clearing house made a statement today declaring the Germania incident closed, and the credit of the bank unimpaired.


Article from Ottumwa Tri-Weekly Courier, October 17, 1905

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Bank Withstands Run. New Orleans, La., Oct. 16. - The run of the Germania Savings bank has entirely ceased after lasting three days.


Article from The Montgomery Tribune, October 20, 1905

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# GENERAL NEWS ITEMS. Alfred Gwynne Vanderbilt and Paul Sartori, the Italian automobile driver, barrowly escaped death while out on a trial spin over the Vanderbilt cup course on Long Island. They were capsized while going at a terrific pace and only escaped by being thrown into soft earth. One man was killed and a large number injured, some fatally, by a stampede of artillery horses attached to limbers belonging to the Twenty-ninth battery, at target practice near Fort Riley, Kas. The horses dashed over a small cliff, landing in a frightful mass with their drivers. Sir Henry Irving, the well-known English actor, was seized with syncope after returning to his hotel following a performance at Bradford, England, on the night of the 13th inst., and died in a few minutes. The Missouri building at the Lewis and Clark exposition at Portiand, Ore., with all of its contents, including exhibits and the art and statuary collection, was destroyed by fire on the night of the 13th inst. Maj. Gen. John F. Weston has been formally detailed to the command of the northern military division, with headquarters at St. Louis, to succeed Maj-Gen. George M. Randail, retired. A dozen firemen were cut and bruised by falling debris and a score of horses burned to death in the destruction of the Lasalle Avenue livery barns in Chicago. One fireman and an employe of the stable may die. Ten negro roustabouts were drowned when the steamer Elk struck a snag and sank while backing away from the landing at Vicksburg. Miss. A Mexico City disatch reports Alexander Dowie and party leaving for Tampico on a special car to inspect the lands it is proposed to purchose for the new Zion city. Dowie was in good health. The profits of the alleged conspirators in the cotton crop leakage are placed approximately at $200,000, of which, it is alleged, E. S. Holmes received $25,017. Gen. A. L. Mills, superintendent of the West Point military academy, says that hazing in any form has shown no symptom of reappearing among the cadets The president has commuted sentence of dismissal from the army of Louis McLaue Hamilton, a great grandson of Alexander Hamilton, to reduction of 30 files in rank. There was a run on the Germania savings bank in New Orleans, started by a newspaper story, but all demands were met, the institution being one of the staunchest in the city. John Donahue, who was committed to jall, in Chicago, by Judge Kohlsaat, for contempt of court, and who took an appeal to the United States circuit court of appeals, has signified a desire to purge himself of his contempt. Six miners were imprisoned by fire in the mine of the Clyde Coal Co. at Fredericktown, Pa., and at last accounts all hope of rescuing them had been abandoned. William Mills Ivins has been selected as the republican candidate for mayor of New York elty in place of Charles E. Hughes, who declined the nomination. Mr. Ivins has accepted. C. I. McNair, B. F. Nelson and A. 8. Bossard were adjudged in contempt of court by Judge Vandevanter in the United States district court at St. Paul, Minn., and ordered committed to jail. They refused to produce books and answer questions in respect to the conduct of their paper mills. The Marinette and Menominee paper mill plant at Marinette, Wis., was nearly destroyed by fire. Loss, $150,000 covered by insurance. Yankee Consul, a noted thoroughbred, died at Lexington, Ky., of pneumonia. He was trained by "Bub" May, and was valued at $100,000.


Article from New Iberia Enterprise and Independent Observer, October 21, 1905

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EVENTS FROM EVERYWHERE. New York Nationals won the fifth game, securing the world's champion ship. A French machine driven by Hem ery won the Vanderbilt cup on Mine pla course. Secretary Root was officially noti fied of the signing of the peace treaty by the two emperors. New Orleans reported nineteen new yellow fever cases Saturday, five deaths and seven new foci. Charles G. Dawes of Chicago is said to be the probable successor to Sec retary Shaw. America proposes retaliation against Cuba if she enters into a commercial treaty with England. An earthquake shock was felt at Santiago, Cuba, Sunday, stronger than that of Friday or the shock of Satur day. The compositors of St. Petersburg decided to engage in a three days strike in sympathy with the Moscow strikers. Ratifications of treaty of Portsmouth have been officially exchanged, the thus formally ending the war in Far East. Five steerage passengers swept by overboard the Campania last week a big wave. The Philadelphia, near by, escaped the disaster. An unwarranted run was made Sat urday on the Germania Savings Bank of New Orleans. Its cash resources were ample. Dr. H. W. Furniss, a negro of Indianapolis, has been named as the success- minor of W. F. Powell, resigned, as ister to Hayti. The Petit Corporal of Paris publisha rumor that Prince Louis Napoleon has governor es general of the Caucasus, been assassinated at Tiflis. The approaching visit of William Jennings Bryan to Japan is welcomed conby Japanese at Tokio, who are spiciously recounting his career. After vicissitudes of a few years, Boer colonists of the state of Chihuahua, Mexico, are disbanding through inability to secure clear title to land. Four negroes who had been drinking heavily started across the Alabama in river in a skiff. The skiff sank midstream and all were drowned. The strike of the electrical workers in Berlin is ended, the companies agreeing to a 5 per cent increase in wages. The result is a victory for the employers. India's refusal to deal in English goods is considered to be a severe blow to British prestige. Took lesson from Chinese action against American products. The Anglo-Japanese treaty is regarded in Washington as a menace to China. Japan is determined to rule the Mongolian empire, in the opinion of diplomats. A professor of Notre Dame University was indicted the other day charged with sending scurrilous and defamatory matter through the United States mails. He pleaded not guilty. When the gates of the Lewis and Clark Exosition closed at 1 o'clock Sunday morning a total attendance of 56,960 for the day had been registered, making the grand total for the entire fair period 2,545,509. A French warship is hovering almost within striking distance of the Venezuelan coast, and others are prepared to start for the West Indies on short notice. French patience is exhausted. Over a thousand farm laborers made desperate by the existing famine invaded the market place at Ecijan, 48 miles from Seville, Spain, seized the entire stock of food and money, destroyed the market and threw the town into panic. The Observer of London says it understands that Great Britain has agreed to maintain the treaty of 1855 which guarantees the integrity of Scandinavia so far as Norway is concerned, on condition that a monarchy be established. A semi-official article appeared in the North German Gazette of Berlin fully exonerating the French governto ment of any connection with the soN called revelation and accepts frankly the British government's denial of an f offered alliance. Gen. Peter A. S. McGlashan, commanding the Georgia Division United Confederate Veterans, was stricken h with paraylsis Saturday at Savannah. His entire left side is affected and it a is feared that his illness will preclude exu his participation in the reunion 10. W ercises at Macon Nov. 9 and c M. Bouvier has sent instructions to the consuls general in Londan, Washington, The Hague and Berlin to point out the danger to which fishing ves- are on the Newfoundland banks M sels exposed by the passage of transatsi lantic liners in these waters. Albert A. Combs, a well known young man of Montgomery, near Ala., Chehaw was