Germania Savings Bank (New Orleans, LA)

Episode Information

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

Metadata

Events (1)

1. October 13, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Publication of a newspaper story prompted depositors to withdraw funds; run described as unwarranted.
Newspaper Excerpt
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.
Source
newspapers

Newspaper Articles (11)

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 Birmingham Age-Herald, October 15, 1905

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Article Text

The emergency hospital discharges daily more patients than it receives, the admissions now being only one or two a day. Following the suggestion of Dr. Souchon and Dr. White, many of the parishes have agreed to raise the quarantines on October 15. Ten positive answers have been received, and several tentative ones stating that such action would probably be taken in the next few days, were received. The opening up of Baton Rouge, the state capital, has resulted in a rush to that city. Hundreds of commercial travelers, who have been in the city for two months, will get out Sunday. # Country Cases. The reports from the country were very light, and were as follows: New Iberia, 1 new case. Grand Island Cheniere, Caminada, 6 new cases. Patterson, 6 new cases. The reports from Mississippi were: Vicksburg, 1 new case. Natchez, 3 new cases. Port Gibson, 3 new cases, 1 death. Gulfport, 1 new case. Surgeon White had a conference with the local health officers at Meridian this afternoon and later went to Jackson, where he met Dr. Hunter, the state health officer, and Governor Vardaman. Surgeon Wasdine went from Gulfport to take part in the conference. # Interest in Run on Bank. Interest in the yellow fever situation here was overshadowed today by the attention given to what was regarded throughout the business community as the utterly unwarranted run on the Germania Savings bank. With over seven millions of deposits, and with its investments in gilt edged securities and first class real estate, the Germania has been regarded as one of the strongest banking institutions in the south. The investigation of the clearing house committee showed that the bank is able to pay all its depositors in full and then divide


Article from Bryan Morning Eagle, October 15, 1905

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Article Text

New Orleans, Oct. 14.-The run on the Germania Savings bank was resumed Saturday, but it is believed the excitement has passed, as the impreg. nability of the institution is realized. Public confidence in the Institution is so high. that the bulk of the patrons of the Institution let the money remain.


Article from The Topeka State Journal, October 16, 1905

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Bank Run Stops. New Orleans, La., Oct. 16.-The run on the Germania Savings bank has entirely ceased. The clearing house made a statement today that they considered the Germania incident entirely closed and the credit of the bank unimpaired


Article from Evening Times-Republican, October 16, 1905

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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 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 Los Angeles Herald, October 17, 1905

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Germania Bank Weathers Run By Associated Press. NEW ORLEANS, Oct. 16.-The run on the Germania Savings bank has entirely ceased. The clearing house made a statement today that they considered the Germania incident closed and the credit of the bank unimpaired.


Article from Omaha Daily Bee, October 17, 1905

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Article Text

Bank Run Ceases. NEW ORLEANS, Oct. 16.-The run on the Germania Savings bank has entirely ceased. The clearing house made a statement today that they considered the Germania incident entirely closed and the credit of the bank unimpaired.