Brooklyn Bank (New York, NY)

Episode Information

Episode UID
9836340891556
Episode Type
Run Only
Bank Type
state
Bank ID
983634089 hash
Start Date
August 16, 1929
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2c1b790a8117c002

Response Measures

None

Events (1)
1. August 16, 1929 Run
Cause
Rumor Or Misinformation
Cause Details
False rumor that the bank president had died (he was only ill with a boil) sparked heavy withdrawals.
Random Run
Yes
Random Run Snippet
False rumor of president's death; he only had a boil.
Measures
Bank opened with extra tellers, posted statements of condition; customers began returning deposits; assistance referenced from Brooklyn Trust and others.
Newspaper Excerpt
False rumors of bank president's death cause $2,000,000 run on Brooklyn bank.
Source
newspapers

Newspaper Articles (3)
1. August 15, 1929 The Jersey Journal Jersey City, NJ
Article from The Jersey Journal, August 15, 1929

Click image to open full size in new tab

Article Text

BROOKLYN BANK (Continued) money in advance by the false ruWarned officials prepare. big truck they brought cash they had had Company, they tellers, tellers handed out money fast could. amount was paid bank officials not said, until the bank closed for the The false rumors that there bank, believed the in circulated stitution tried money and began to circulate most widely circulated rumor that Lewis, the dead, started the run. had gone buncle removed from his by wire and arrived at the yesterday. Peter Smith, torney the bank, said man bank and wanted $16,000 collateral, he turned have been told that he went and mounced that tried to borrow bank but been money our because we have able get believe that that statement about the but we complete investigation and make Bank officials first heard of the the run out money Joseph Broderick, State tendent Mr Broderick letter. stating had stitution condition, posted at the bank trance. But failed to prevent the The bank is no danger on account the officials asserted. Its sources and has had surplus help from the Brooklyn Trust the Bank America, and Duffy, personal friend wealthy head Duffy Co., contractors.

2. August 16, 1929 Los Angeles Evening Post-Record Los Angeles, CA
Article from Los Angeles Evening Post-Record, August 16, 1929

Click image to open full size in new tab

Article Text

Wire Flashes ONDON. Aug. 16.-Pious Scots criticise Prime Minister McDonald and Duke of York for presenting medals and conferring on Sunday. WASHINGTON, Aug. 16.-Millions of dollars in oil lands may change hands, with suit filed for possession of strip of Santa Barbara coast. NEW YORK, Aug. 16.-False rumors of bank president's death cause $2,000,000 run on Brooklyn bank. He only had boil. CHICAGO, Aug. 16.-Something new in murder. Baby girl used to lure mother to death. Father kills wife and self. CHARLOTTSVILLE, N. C., Aug. 16.-James Doran, federal prohibition commissioner, wants prohibition clarified. Doesn't know what to enforce and what not to enforce. WASHINGTON Aug. 16.-Senator Wheeler of Montana charges control of G. O. P. by steel interests in biting speech. BALBOA, Aug. 16.-Explorer captures herd of four horned sheep in Venezuelan jungle. Will ship them to U. S. MANCHESTER Aug. 16.-British labor dispute in cotton industry on rapid road to settlement. WASHINGTON Aug. 16.-Hope for Republican aid to farmers ends with breaking up of federal farm board conference. All hearings suspended. MILWAUKEE, Aug. 16-Warrant out for Elmer Huckins, "second Ponzi," small town grocer, head of mysterious money-making enterprises.

3. August 17, 1929 The Morning Press Bloomsburg, PA
Article from The Morning Press, August 17, 1929

Click image to open full size in new tab

Article Text

PUT MONEY BACK Depositors of Brooklyn Bank End Run York, Aug. 16. who became excited day rumors that there the bank and started actual run, began today to put their money back. Although bank officials opened the 7:30 with extra tellers all prepared continue twenty depositors were withdraw money. By depositors had nearly withdrawn yesterday. continued coming back throughout banking hours.