State Bank (New York, NY)

Episode Information

Episode UID
1009671261
Episode Type
Run Only
Bank Type
state
Bank ID
100967 routing
Routing Number
1-0096
Start Date
January 12, 1905
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
97b6c10c22d85788

Response Measures

None

Events (1)
1. January 12, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
A rush of depositors to deposit money was misinterpreted as a run to withdraw funds, creating a false alarm.
Random Run
Yes
Random Run Snippet
Rush to deposit mistaken for withdrawals; false alarm/misunderstanding
Measures
Paid out silver and gold brought from subtreasury, police maintained order, bank paid all withdrawals and assured depositors of solvency.
Newspaper Excerpt
The only cause for the run was the rush of depositors to put money in the bank, which was mistaken for a rush to get it out.
Source
newspapers

Newspaper Articles (11)
1. January 12, 1905 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, January 12, 1905

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Article Text

TRUCK LOADS OF MONEY. Run of State Bank Continues in Spite of Evidence of Stability. New York, Jan. 2.-Thruout the freezing rain last night and chilly fog early today a score of depositors waited at the doors of the State Bank to head the line when the run on the bank was resumed today. Apparently it is women who are keeping up the run and in the big crush yesterday they predominated. When the doors of the bank opened there was not nearly as great a crush as yesterday and the crowa was orderly. About 400 people. mostly women, were in line. A truck load of $50,000

2. January 12, 1905 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, January 12, 1905

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Article Text

A RUSH TO DEPOSIT In the State Bank Was Mistaken For Rush To Get It Out and Run On Bank Followed. By Associated Press. NEW YORK, Jan. 12-The run on the State Bank, on Grand street, was resumed today. mostly by women. The only cause for the run was the rush of depositors to put money in the bank. which was mistaken for a rush to get. it out. The depositors are mostly Jews.

3. January 12, 1905 The Roswell Daily Record Roswell, NM
Article from The Roswell Daily Record, January 12, 1905

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Article Text

The Celebrated Selz Shoes, a full line at Gits' New Store. RUN ON NEW YORK BANK. Rush of Depositors to Put Money in Mistaken for People Wanting Their Money. New York, Jan. 12.Throughout a freezing rain last night scores of depositors waited at the doors of the State bank on Grand street to head the line when the run on that bank was resumed today. For two days the frenzied Hebrews from the East side have been engaged in a rush for their money for no other apparent reason than that they saw a rush of depositors to put money in the bank and mistook them for people wanting their money. Cashier A. L. Vorhis said today that the bank had ample funds to meet every demand for money, no matter how long the rush might last.

4. January 12, 1905 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, January 12, 1905

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Article Text

STRANGE RUN ON BANK CONTINUES People Wait in Storm all Night to Draw Deposits From the New York State. New York, Jan. 12. - Throughout a freezing rain last night and a chilly fog early today a score of depositors waited at the doors of the State bank to head the line when the run on the bank was resumed today. Apparently it is women who are keeping up the run and in the big crush yesterday they predominated When the doors of the bank opened there was not nearly as much of a crush as yesterday and the crowd was orderly. About 400 people, mostly women, were in line. A truck load of 50,000 silver dollars was brought to the bank early today. It was announced $200,000 in gold would be brought up from the subtreasury and held in readiness, if needed.

5. January 12, 1905 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, January 12, 1905

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Article Text

Run on a Bank. New York, Jan. 12.-A score of policemen surrounded the State Bank, at No. 376 Grand street in the heart of the east side Ghetto, when that institution opeued for business this morning. This is the bank which was surrounded by a mob of its Jewish depositors yesterday who got into a panie and started a run because of the arrest of a small private banker, in that part of the town for fraud. The police today had the crowd well in control so that the scenes of disorder witnessed yesterday, were not re-enacted. The officers of the bank say they will pay as long as there is a demand.

6. January 12, 1905 The Sun New York, NY
Article from The Sun, January 12, 1905

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Article Text

CRAZY BANK RUN. Silver Paid Out by the Ton Fails to Stop It. POLICE HURT BY THE MOB. Scores Clubbed to Keep Them in Line for Their Money. Women Make Sacks of Their Petticoats to Carry Loads of Bullion Away From the State Bank, in Grand Street-One Takes Her Waist Off and Makes a Money Sack of the Sleeve-Old Men Kiss Policemen's Hands to Get Through the Cordon-Stout Iron Ralling Bent in the Rushes-Only $65,000 Paid Out and More Than $400,000 Paid In by the Unafraid-The Run WIll Keep Up To-day, but the Withdrawers Mayn't Put Their Cash Back.

7. January 12, 1905 Daily Press Newport News, VA
Article from Daily Press, January 12, 1905

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Article Text

Three Policemen and Two Wo. men Hurt in the Crush. POLI.1 USE CLUBS ON MOB Thousands of Excited People, Acting Upon False Alarm, Besiege State Bank in Heart of East Side of New York. (Ty Associated Press.) NEW YORK, Jan. 11.-Three policemen and two women were Injured in a run on the State Bank, in Grand street, in the heart of the business section of the East Side. The run was attended by sensational incidents. The 5,000 persons crowded about the bank became SO insistent that they broke down an iron railing around a light well in front of the building and it. was only by desperate clubbing on the part of the police that the excited and 1111ruly mob was prevented from foreing many of its numbers into the well. The policemen and women were hurt at that point.

8. January 13, 1905 New-York Tribune New York, NY
Article from New-York Tribune, January 13, 1905

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Article Text

ARREST AT STATE BANK. Man Charged with Attacking Its Reputation. When the State Bank. at No. 376 Grand-st., closed its doors at the end of yesterday's business the "run," which began on Tuesday, the sixth the bank had withstood, was practically over. President O. 1.. Richards said the run had been shorter than those that had preceded it, one of which extended over a period of about two weeks, in which time some $400,000 had been paid out. Less than half of that amount has been drawn this time, he said, and considerable interest has been saved for the bank, which would have been paid out yesterday and today on all the deposits. Beyond the extra work for the clerks, the bank has not been inconvenienced in the least, he said. Joseph Gross, who said he was a law student at No. 203 Broadway, got himself into trouble by advising a depositor, so it was charged, to draw out her money because the bank was no good. He accompanied two women to the bank, and when they drew out $900 in silver declared the coin was not legal tender, and was $10 short besides. According to the bank officers he then threatened to go aniong the Jews and make the biggest run on the bank it had ever seen. Gross was locked up on three charges-disorderly conduct, threatening to publish a libel against the bank and attempting to incite riot. He was held for further examination until to-day, and released on bail of $1,000. The money in dispute was counted before witnesses, and was found to be correct. This was the first arrest since the run began. At 9 o'clock the doors were opened. The women were admitted, the men being kept back. About four hundred persons waited in the rain. At 10 b'clock a double truck backed up to the curb. In it were fifty sacks from the Sub-Treasury, each containing $1,000 in silver dollars. Arnold Kohn, vice-president of the bank, said $76,000 was paid out on Wednesday, and about $46,000 yesterday. He said one of the reasons the bank paid in silver was to discourage pickpockets, who would, it was hoped, find silver dollars unhandy to steal,

9. January 19, 1905 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, January 19, 1905

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Article Text

Wild Run on a Bank. New York, Jan. 12-Three policemen and two Hebrew women were Injured in a run on the State bank in Grand street in the heart of the. businews section of the east stile. The run was started through & misunderstanding. The bank paid all those who asked for withdrawals and is said to be sound.

10. January 19, 1905 Valentine Democrat Valentine, NE
Article from Valentine Democrat, January 19, 1905

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Article Text

RUN IS KEPT UP. Crush at New York Bank Not so Great Thursday. Throughout a freezing rain Wednesday night and a chilly fog early Thursday a score of depositors waited at the doors of the State Bank in New York City to head the line when the run on the bank was resumed. Apparently it is the women who are keeping up the run, and in the big crush Wednesday they predominated. When the doors of the bank opened Thursday there was not nearly as great a crush as the day before and the crowd was orderly. About 400 people, mostly women, were in line. A truckload of $50,000 was brought to the bank early. It was announced $200,000 in gold would be brought up from the subtreasury and held in readiness if needed.

11. January 20, 1905 The Black Hills Union and Western Stock Review Rapid City, SD
Article from The Black Hills Union and Western Stock Review, January 20, 1905

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Article Text

WOMEN WANT MONEY. They Keep Up the Run on a New York Bank After the Men Are Tired. New York, Jan. 12.-Throughout a freezIng rain last night and a chilly fog early today, scores of depositors waited at the doors of the State bank to the head line when the run on the bank was resumed today. Apparently it is the women who are keeping up the run, and in the big crush yesterday they predominated. When the doors of the bank opened there was not nearly SO great a rush as yesterday. and the crowd was orderly. About 400 people, mostly women, were in line. A truck load of $50,000 was brought to the bank early, and it was announced that $200,000 in gold would be brought up from the subtreasury and held in readiness if needed.