Dime Savings Institution (York, PA)

Episode Information

Episode UID
1662312790951
Episode Type
Run → Suspension → Reopening
Bank Type
savings
Bank ID
166231279 hash
Start Date
March 6, 1879
Location
York, Pennsylvania (39.963, -76.728)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f62352438e9c06bd

Response Measures

None

Description

Contemporary reports state a run forced suspension; cause of the run is not specified in the articles.

Events (3)
1. March 6, 1879 Run
Cause Details
Articles state a run occurred but do not attribute it to a specific rumor, correspondent failure, or local shock.
Measures
Trustees advised to collect outstanding paper promptly to meet liabilities.
Newspaper Excerpt
A BANK BROKEN BY A RUN. YORK, Penn., March 6.-The Dime Savings Bank suspended to-day, owing to a run.
Source
newspapers
2. March 6, 1879 Suspension
Cause Details
Suspension reported as consequence of heavy withdrawals/run; no government action cited.
Newspaper Excerpt
The Dime savings bank at York, Pennsylvania, has suspended.
Source
newspapers
3. March 31, 1879 Reopening
Newspaper Excerpt
The Dime Savings Institution of this place opened its doors this morning for the purpose of paying its depositors 50 per cent of their deposits. About $20,000 was paid out to-day.
Source
newspapers

Newspaper Articles (13)
1. March 7, 1879 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, March 7, 1879

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Article Text

CONDENSED TELEGRAMS. The widow and daughter of Bayard Taylor have arrived at New York from Germany. The Dime savings bank at York, Pennsylvania, has suspended. It will probably pay 75 or 80 cents on the dollar. A fire broke out Thursday night in Trafion's block, Fairfield, Me., which destroyed five buildings. The flames were still raging, with heavy wind, at last accounts. The butter, cheese and egg convention in Chicago on Thursday denounced the Union Pacific and other roads, claiming that extortionate rates are charged for the transportation of goods to the west.

2. March 7, 1879 Wheeling Register Wheeling, WV
Article from Wheeling Register, March 7, 1879

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CREAM OF THE NEWS Gathered from Our Dispatches. A very destructive rain storm prevailed in the interior of California, yesterday. Randall and Blackburn are reported to be the most prominent candidates for the Speakership of the next House of Representatives. Rev. Martin Kendige, Vicar General of Milwaukee, died in that city yesterday. The Catholic elergy of Newport, R. I., are in favor of taking up a collection in aid of Archbishop Purcell Major Reno has been completely exonerated by the court of inqutry which investigated his conduct in the battle of the Little Big Horn. The news of the death of the Ameer of Afghanistan is again confirmed. After his death a bloody conflict broke out among the followers of the various pretenders to the throne, which ended in a victory for Yakoob Kahn. Michigan Republican State Convention met at Lansing, yesterday, and nominated a State ticket. Samuel Hunter was found dead in Pittsburgh, Wednesday night, and the attendant circumstances indicate that he was murdered. The widow and daughter of Bayard Taylor arrived at New York from Germany, yesterday. The Dime Savings Bank, of York, Pa., suspended yesterday. Will pay 75 cts. Subscriptions to four per cent. loan since Wednesday's report, $2,294,000.

3. March 7, 1879 New-York Tribune New York, NY
Article from New-York Tribune, March 7, 1879

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Article Text

A BANK BROKEN BY A RUN. YORK, Penn., March 6.-The Dime Savings Bank suspended to-day, owing to a run. The trustees have been advised by a majority of the stockholders to proceed as promptly as possible to collect outstanding paper, in order that there may be the least delay practicable 111 meeting the liabilities of the bank. It 18 sup posed the bank will pay 75 or 80 cents on the dollar.

4. March 7, 1879 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 7, 1879

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Article Text

Bank Suspension: YORK, PA., March 6.-The Dime Saving Bank suspended to-day.

5. March 7, 1879 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 7, 1879

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Article Text

ADDITIONAL TELEGRAPH. FINANCIAL WRECKS. GODCHAUX'S LIABILITIES. SAN FRANCISCO, March 6.-Additional attachments have been taken out against Godchaux & Co., 80, that the amounts now aggregate over three hundred thousand dollars. The difficulties of the firm have affected the dry goods firms of Kennedy & Durr and S. Mosgrove & Co. The attachments taken out against the former house amount altogether to $121,319, and against the latter $139,583. Mosgrove & Co. state that they have made arrangements with their creditors, by virtue of which they will be enabled in a few days to goon with their business. A SAVINGS BANK. York, PA., March 6.-The Dime Savings Bank suspended; supposed to pay 75 or 80 cents on the dollar.

6. March 7, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, March 7, 1879

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Article Text

The Dime Savings bank of York, Pa., has suspended. Supposed will pay 75 or S0 gents on the dollar.

7. March 7, 1879 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, March 7, 1879

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Article Text

FINANCIAL. York, Pa., March 0.-The Dime Savings-Bank has suspended. It la supposed It will pay 75 or 60 cents on the dollar.

8. March 13, 1879 The Elk County Advocate Ridgway, PA
Article from The Elk County Advocate, March 13, 1879

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Article Text

-The Dime savings bank of York has suspended. The following notice was posted on the door: The demand upon the Dime savings institution during the past few days having been largely in excess of possible collections the trustees have been advised by a majority of the stockholders, in justice to all depositors to proceed as promptly as possible to collect its outstanding maturing paper in order that there may be the least delay practicable in meeting its liabilities. The liabilities are not yet known, but it is supposed the bank will pay 75 or 80 cents on the dollar.

9. March 15, 1879 The Superior Times Superior, WI
Article from The Superior Times, March 15, 1879

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Article Text

The Roll of Bankrupts. Blum Son & Co., Dixon, Cal., have suspended. They had endorsed Godschaux & Co. to the amount of $65,000. Joseph F. Culber & Co.'s banking house at Pontiac, III., was closed by creditors on the 7th inst. Liabilities $80,000; half secured. The Dime Savings bank at York, Pa., has supended. It is supposed that it will pay 75 or 80 cents on the dollar. Southern, Quilty & Co., merchants, London, have failed. Liabilities estimated at £65,000. Godchaux Brothers, San Francisco, importers of dry and fancy goods, were attached to-day for about $80,000. The total liabilities of the firm and its ability to meet them not yet made known. Charles Chambers & Co., stock brokers, Philadelphia, has failed. Liabilities unknown. W. C. Caswell, of Narragansett Pier, R. I., has made an assignment. Liabilities $126,000; assets $145,000.

10. March 19, 1879 Union County Courier Elk Point, SD
Article from Union County Courier, March 19, 1879

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Article Text

The Roll of Bankrupts. Koehler & Ritter, San Francisco jewelers, have been attached for amounts aggregating over $70,000. Rogers & Orr Brothers, extensive dry goods dealers, New York city, have been placed in the hands of a receiver. Creditors have already entered judgment against the firm for over $15,000. The Fall River, Mass., Manufacturers' gas company voted to go into insolvency. This step was taken in consequence of irregular paper issued by Chas. B. Stickney, the late treasurer, to the amount of $60,000. John Cassidy, wholesale crockery dealer, Montreal, has failed, and is settling with his creditors at forty cents on the dollar. Liabilities $250,000. Leggatt & Johnson, boot and shoe manufacturers, have also failed. Liabilities $125,000. Assets expected to pay fifty cents. Blum Son & Co., Dixon, Cal., have suspended. They had endorsed Godschaux & Co. to the amount of $65,000. Joseph F. Culber & Co.'s banking house at Pontiac, III., was closed by creditors on the 7th inst. Liabilities $80,000; half secured. The Dime Savings bank at York, Pa., has supended. It is supposed that it will pay 75 or 80 cents on the dollar. Southern, Quilty & Co., merchants, Lon. don, have failed. Liabilities estimated at £65,000. Godchaux Brothers, San Francisco, importers of dry and fancy goods, were attached to-day for about $80,000. The total liabilities of the firm and its ability to meet them not yet made known.

11. April 1, 1879 New-York Tribune New York, NY
Article from New-York Tribune, April 1, 1879

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TELEGRAPHIC NOTES. A VERMONT BANK GOING OUT OF BUSINESS TROY, N. Y., March 31.-The National Bank of Poultney, Vt., suspended on Saturday for the purpose of set. thing up its affairs. It is said to be able to pay all its liablis ties. TO GET HALF THEIR MONEY NOW. YORK, Penn., March 31.-The Dime Savings Institution of this place opened its doors this morning for the purpose of paying its depositors 50 per cent of their deposits. About $20,000 was paid out to-day. MEMPHIS IN FAVOR OF A SLOW MAIL. MEMPHIS, Tenn., March 31.-At a joint meeting of the Chamber of Commerce and the Cotton Exchange, held this afternoon, resolutions were unanimously adopted protesting against any fast daily mail service on the Mississippi that will interfere with the mail contracts of local packets. A GUN-CLUB WHICH NO WEATHER DAUNTS. RED BANK, N. J., March 31.-The Shrewsbury Gun Club held 118 sixth regular match for the club gold badge this afternoon. The weather was cold, with a heavy north west wind. There were six entries. The contestants shot at fifteen glass balls at eighteen yards' rise, from a Parker trap. J.G. Bergen won.

12. April 1, 1879 Daily Republican Wilmington, DE
Article from Daily Republican, April 1, 1879

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NEWS SUMMARY A man named Morgan, said to be from Utica, N. Y., was arrested in Charleston, S. C., yesterday, while passing from the First National Bank with $20,000 worth of U. S. Bonds and other securities, stolen from the President's private room. The property was recovered and the thief locked up. Mrs. Mary Goodail died at Pequonock Bridge, Conn., on Sunday, at the alleged age of 103 years, 9 months and 8 days. She was a native of Connecticut, and twice married. Her first husband was killed in the war of 1812, and her f second died many years ago. 1 At Norwich, N. Y., yesterday, Felix McCann, convicted of the murder of J. Morris Hatch on the 3d of December B last, was sentenced to be hanged on 0 the 16th of May. He asserted his inI nocence and asked for another trial. e At Huntingdon, West Va., on Satur" day, Henry Johnson, on trial for the y murder of Mrs. Pasons in January last, y was convicted of murder in the first de1 gree, and was sentenced to the penitentiary for life. r Nathan D. Pratt, a son of the Readt ing, Mass., Savings Bank embezzler, n was arraigned yesterday for receiving stolen securities from his father, and was held in $10,000 bail for trial. h S Colonel J. R. French, lately Sergeant at-arms of the United States Senate, was seized with a fit in one of the rooms e d of the Capitol yesterday. He was conv sidered out of danger in the afternoon y The wadding mill of Charles W. 8 Trimper at Niverville, near Hudson, e N.Y., was burned on Sunday, with its r contents. Loss, $70,000. 1 Sixteen buildings in Lebanon, Ky., were burned yesterday. Loss $50,000. I The members of the Laborers' Association, at St. John, N. B., struck yesh terday for $2 per day. They had been receiving 81. In nearly all cases their demand was granted by thestevedors. 1 The National Bank of Poultney, Vermont, suspended on Saturday, for the purpose of winding up its business. Its capital stock is $100,000. All its liae bilities, it is said, will be paid. e The Dime Saving Institution at h York, Pa., reopened its doors yesterday 0 for the purpose of paying depositors fifty per cent. of their deposits, and will remain open until the amount is paid. A wagon containing four persons was struck by lightning, near Decatur, III., on Friday evening, and a man, named t Robinson, and his daughter Kate, were killed. n H Governor Marks, of Tennessee, yesterday signed the bill for the settlement 8 of the State debt at 50 cents on the dollar, with four per cent. interest. t John Clarke, aged 29, fell dead while t taking a drink in a saloon in Chester, Pa., last evening. Heart disease is t supposed to have been the cause. n 8 Captain Edward O'Meagher Condou, S the released Fenian, has been appointed to a twelve hundred dollar clerk 8 ship in the Treasury Department. d Senator Gordon, of Georgia, has been d prevented by illness from taking his d seat at the present season. He is now e improving in health. The Indiana Legislature adjourned in yesterday.

13. April 4, 1879 The Aegis & Intelligencer Bel Air, MD
Article from The Aegis & Intelligencer, April 4, 1879

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The AEgis and Intelligencer. BEL air, Md., APRIL 4, 1879. Condensed News. -Lydia Oliver, colored, died in Baltimore, last week, at the age or 109 years. -The indications are that the ensuing crop of peaches in New Jersey will be the heaviest known for some time past. -There are 240 acres of strawberries in and around Charleston, S. C. The yield, it is estimated, will be over 700,000 quarts. --Madame Elizabeth Patterson Bonaparte, of Baltimore, was reported to be dying on Thursday last. -Miss Margaretta Howard, a well-known lady, whose life was devoted to works of piety and charity, died in Baltimore, last week. -The Canadian lumbermen say the past winter has been one of the most favorable on record for getting out timber and saw logs. -The Dime Savings Bank, of York, Pa., opened its doors on Monday, for the purpose of paying depositors 50 per cent. of their deposits. -In Troy, N. Y., the business outlook is exceedingly bright. All the mills are running on full time and every branch of industry is picking up. -Tudor, the man who states that he has undertaken to travel on horseback from New York to Patagonia, and his party, arrived at Knoxville, Tenn., on Monday morning. -Saturday evening, a little girl, eight years old, while walking in Third street, Williamsport, Pa., was seized and brutally outraged by a stranger, supposed to be a tramp. It is thought she cannot survive her injuries. -A sharp storm raged on Monday, along the coast of New Jersey. The wind blew at the rate of eighty miles an hour off Barnegat, seventy miles at Cape May, fifty miles at Sandy Hook and in New York city about thirty miles. The tendency of wind was easterly. Its force was severely felt Monday night on the shores of New England. -The danger of rising too early was illustrated in Philadelphia, last week, in the case of Mrs. Sobey. This industrious lady arose at 5 o'clock in the morning, and began preparations for washday. Her neighbor, who occupied the same house, was awakened by the noise, and supposing it was caused by burglars, aroused her husband, who blazed away with a revolver into the darkness. A ball grazed Mrs. Sobey's face, and a scream from the woman and an apology from the man who fired the shot followed. --Judge Husted, of United States Treasury Department, Washington, D.C. writes: I have experienced a peculiar and most gratifying relief in the use of Keller's Roman Liniment. You can count me as one who 'believes in it.'