Indiana Trust Company (Indianapolis, IN)

Episode Information

Episode UID
20005171252
Episode Type
Run Only
Bank Type
trust
Bank ID
2000517 routing
Routing Number
20-0051
Start Date
April 26, 1904
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e51b2e039689a885

Response Measures

None

Events (1)

1. April 26, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
Telephone operator/messenger misconstrued a business conversation and enlarged it into a rumor that the bank could not cash warrants.
Random Run
Yes
Random Run Snippet
Telephone girl misconstrued conversation; rumor bank unable to cash warrants
Measures
Large shipments of funds (reported $1,000,000) sent from Cincinnati and Louisville to bolster the bank's cash reserve.
Newspaper Excerpt
A million dollars has been shipped today ... The run started through a telephone girl hearing a business conversation involving the bank which she misconstrued and enlarged upon till the rumor appeared in the nature of the bank's inability to cash warrants.
Source
newspapers

Newspaper Articles (11)

Article from The Indianapolis Journal, March 30, 1904

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Article Text

Superior Court's Receiver Succeeded by Trust Company George B. Elliott, recently appointed receiver for the W. H. Smith Company by Judge Leathers, made his final report yesterday and asked that he be discharged. The Indiana Trust Company, made receiver also by Judge Anderson, of the Federal Court, upon the petition of outside creditors, will remain. In his report Mr. Elliott shows the appraised value of the stock of the W. H. Smith Company to be $14,817.40. The sum of $2,706.19 was collected, out of which bills amounting to $354.23 were paid, leaving a cash balance of $2,351.69. All of these accounts were referred by Judge Leathers to the court.


Article from Lewiston Evening Teller, April 26, 1904

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Article Text

TELEPHONE GIRL BUTTED IN Repeats a Business Conversation and Misconstrues the Meaning (Special Telegram to Evening Teller.) INDIANAPOLIS, Ind., April 26.-A million dollars has been shipped today from Cincinnati and Louisville to the Indiana Trust company here, one of the oldest and largest institutions. The run started through a telephone girl's hearing a business conversation involving the bank which she misconstrued and enlarged upon till the rumor appeared in the nature of the bank's inability to cash a warrant. The concern has a cash reserve of two millions.


Article from The Tacoma Times, April 26, 1904

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Article Text

TELEPHONE GIRL'S TONGUE GETS A STRONG BANK INTO TROUBLE INDIANAPOLIS, Ind., April 26.-A heard a business conversation involving million dollars has been shipped today the bank, which she misconstrued and from Cincinnati and Louisville to the Inenlarged upon to her friends until the diana Trust company here, one of the oldrumor appeared in the shape of a story est and largest financial institutions of the that the bank was unable to cash checks. The concern has a cash reserve of city, to withstand a run started through $2,000,000. the action of a telephone girl, who over-


Article from The Evening Statesman, April 26, 1904

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Article Text

Run on Indianapolis Trust Concern. INDIANAPOLIS, Ind., April 26.-A million dollars has been shipped today from Cincinnati and Louisville to the Indiana Trust company here, one of the oldest and largest banking institutions. The run was started through a telephone girl hearing a business conversation involving the bank. which she misconstrued and enlarged upon till the rumor appeared in the nature of the bank's inability to cash warrants. The concern has a cash reserve of $2,000,000.


Article from The Spokane Press, April 26, 1904

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Article Text

"HELLO" GIRL DID IT TELEPHONE GIRL CAUSES BIG RUN ON INDIANAPOLIS BANK. (Scripps News Association.) INDIANAPOLIS, Ind., April 26.A million dollars has been shipped today from the Cincinnati & Louisville to the Indiana Trust company here, which is one of the oldest and largest institutions of the city. The run started through a telephone girl hearing a business conversation involving a bank, which she misconstrued and enlarged upon until the rumor appeared in the nature of the bank's inability to cash warrants. The concern has a cash reserve of $2,000,000.


Article from The Seattle Star, April 26, 1904

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Article Text

"HELLO" GIRL STARTED A RUN (By Scripps News Ass'n.) INDIANAPOLIS April 26. One million dollars has been shipped today from Cincinnati and Louisville to the Indiana Trust Company here, one of the oldest and largest Institutions of the state. A run was started on the bank as a result of a telephone girl hearing a business conversation involving the bank. which she misconstrued and enlarged upon till the rumor appeared In the nature of the bank's Inability to cash a warrant. The concern has a cash reserve of $2,000,000.


Article from The Indianapolis Journal, April 26, 1904

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Article Text

The threatened "run" on the Indiana Trust Company yesterday was an altogether silly affair. The Indiana Trust is exceptionally strong, well officered and managed, and holds rank as one of the strong conservative financial institutions of the West. It is fortunate for'Indianapolis that the company is so well able to take care of itself in any emergency, as otherwise great injury to general business conditions might have resulted from the senseless rush of depositors.


Article from The Forrest City Times, April 29, 1904

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Article Text

OTHERWISE UNNOTICED. A party of Jews have left Russia to cultivate beets in Colorado. World's fair opening day will be observed by the state of Missouri as a general holiday. The run on the Indiana Trust Co., Indianapolis, continues, despite exhibitions of confidence by men of affairs. Litigation has been begun at St. Joseph, Mo., for the distribution of the Burnes estate. a $5,000,000 corporation. Senator Fairbanks, of Indiana, declares that he is in no wise a candidate for the pice-presidential nomination. The bureau of the interparliamentary peace conference has been called to hold the next conference at St. Louis, August 5. The town of Illig, on the coast of Somaliland, has been bombarded by the British. The sultan of Illig was captured. Secretary of the Treasury Shaw, in an address at Syracuse, N. Y., said the United States should rule the Pacific ocean trade. Gladys Stevens, aged four years, died as the result of burns received while striking a match, which ignited her clothing, at Pana, Ill. Because of high wages demanded by the waiters' union, hotel and restaurant men of St. Louis have decided on an "open-shop" policy. Emperor William will appear in Rome shortly after President Loubet's departure, with the especial object of paying a visit to the pope. After chasing her recreant husband through three countries for four years, Mrs. Gitel Tablinsky found him in St. Louis, living with another wife. A New York court refused to set aside the interlocutory decree granted Mrs. Clemence Dodge Morse on the application of her second husband, Morse. The collapse of a cage in the Robinson mine, at Johannesburg, South Africa, precipitated 43 natives 2.000 feet to the bottom. All were mashed to a pulp. "Mother" Jones broke out of quarantine in Utah and marched through town with striking miners, exposing scores of persons to infection. She was placed in jail. The original "Mrs. Wiggs of the Cabbage Patch" appeared in a Louisville police court to answer a charge of throwing a jar of slop on the head of Yy an unwelcome visitor. Japenese ladies, en route to the World's fair, refused to walk through the mud from the sleeper of a wrecked train near Oskaloosa, Ia. and were carried out pack-saddle fashion by the men on the Pullman.


Article from The Van Buren Press, April 30, 1904

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Article Text

OTHERWISE UNNOTICED A party of Jews have left Russia to cultivate beets in Colorado. World's fair opening day will be observed by the state of Missouri as a general holiday. The run on the Indiana Trust Co., Indianapolis, continues, despite exhibitions of confidence by men of affairs. Litigation has been begun at St. Joseph, Mo., for the distribution of the Burnes estate, a $5,000,000 corporation. Senator Fairbanks, of Indiana, declares that he is in no wise a candidate for the pice-presidential nomination. The bureau of the interparliamentary peace conference has been called to hold the next conference at St. Louis, August 5. The town of Illig. on the coast of Somaliland, has been bombarded by the British. The sultan of Illig was captured. Secretary of the Treasury Shaw, in an address at Syracuse, N. Y., said the United States should rule the Pacific ocean trade. Gladys Stevens, aged four years, died as the result of burns received while striking a match, which ignited her clothing, at Pana, III. Because of high wages demanded by the waiters' union, hotel and restaurant men of St. Louis have decided on an "open-shop" policy. Emperor William will appear in Rome shortly after President Loubet's departure, with the especial object of paying a visit to the pope. After chasing her recreant husband through three countries for four years, Mrs. Gitel Tablinsky found him in St. Louis, living with another wife. A New York court refused to set aside the interlocutory decree granted Mrs. Clemence Dodge Morse on the application of her second husband, Morse. The collapse of a cage in the Robinson mine, at Johannesburg, South Africa, precipitated 43 natives 2,000 feet to the bottom. All were mashed to a pulp. "Mother" Jones broke out of quarantine in Utah and marched through town with striking miners, exposing scores of persons to infection. She was placed in jail. The original "Mrs. Wiggs of the Cabbage Patch" appeared in a Louisville police court to answer a charge of throwing a jar of slop on the head of an unwelcome visitor. Japenese ladies, en route to the World's fair, refused to walk through the mud from the sleeper of a wrecked train near Oskaloosa, la., and were carried out pack-saddle fashion by the men on the Pullman.


Article from Okolona Messenger, May 11, 1904

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Article Text

The gossip of a telephone girl resulted in a run on the Indiana Trust Company at Indianapolis, one of the largest and oldest financial institutions in the State. Last Friday the girl overheard an employe of & local manufacturing company telephoning his employers that the trust company had not cashed a warrant which was erroneously drawn. This she enlarged upon until by noon the harmless statement of the employe had grown to abnormal proportions.


Article from The Arizona Sentinel, April 12, 1905

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Article Text

The gossip of a telephone girl resulted in a run on the Indiana Trust Company at Indianapolis, Indiana.