Illinois Trust & Savings Bank (Chicago, IL)

Episode Information

Episode UID
2001671273
Episode Type
Run Only
Bank Type
trust
Bank ID
200167 routing
Routing Number
2-0016
Start Date
January 18, 1906
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4bd7216bed270201

Response Measures

None

Events (1)
1. January 18, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
Unidentified persons telephoned depositors warning them to withdraw funds, apparently to provoke withdrawals; bank officials called the warnings unwarranted.
Measures
Bank officials publicly reassured depositors and sought to trace the source of the telephone warnings.
Newspaper Excerpt
depositors are being called by telephone and advised by persons whose identity is not known to withdraw their deposits
Source
newspapers

Newspaper Articles (4)
1. January 18, 1906 Evening Star Washington, DC
Article from Evening Star, January 18, 1906

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Article Text

A MENACE TO BANKS. Chicago Financiers Trying to Ferret Unknown Alarmists. CHICAGO, January 18.-Complaint has been made at several banks that depositors are being called by telephone and advised by persons whose identity is not known to withdraw their deposits from the institutions. The depositor is told with much evidence of concern that he had better get his money out of the particular institution in which he happens to have it lodged. Depositors in three of the richest banks in the city have been given this unsolicited advice. John J. Mitchell, president of the Illinois Trust and Savings Bank, said yesterday: "This business is to me inexplicable. There is absolutely no occasion for alarm, and the persons telephoning or advising depositors to take their money out of the banks are either foolish or malicious. We have been trying to run down the source of these stories. "Three banks have had this experience with their depositors. There should be some way to put an end to these unwarranted efforts to frighten timid persons."

2. January 18, 1906 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, January 18, 1906

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Article Text

RUN ON THE BANK Depositors Warned by Telephone to Withdraw Funds From Chicago Bank. Chicago, Jan 18.-Complaint has been made at several banks that depositors are being called by telephone and advised by persons, whose identity is not known, to withdraw their deposits from the institution. The depositor is told with much evidence of concern that he had better bet his money out of the particular institution in which he happens to have it lodged. Depositors in three of the richest banks in the city have been given this unsolicited advice. John J. Mitchell, president of the Illinois Trust and Savings bank, said yesterday: "This business is to me inexplicable. There is absolutely no occasion for alarm and the persons telephoning or advising depositors to take their money out of the banks are either foolish or malicious. We have been trying to run down the source of these stories. "Three banks have had the experience with their depositors. There should be some way to put an end to these unwarranted efforts to frighten timid persons."

3. January 19, 1906 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, January 19, 1906

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Article Text

TRY TO CAUSE BANK RUNS Unidentified Persons Telephone De. positors in Chicago, Warning Them to Withdraw Funds By Associated Press. CHICAGO, Jan. 3.-Complaint has been made at several banks that depositors are being called by telephone and advised by persons whose identity is not known to withdraw their deposits from the institution. The depositor is told with much evidence of concern that he had better get his money out of the particular institution in which he happens to have it lodged. Depositors in three of the richest banks in the city have been given this unsolicited advice. John H. Mitchell, president of the Illinois Trust & Savings bank, said yesterday: "This business is to me inexplicable. There is absolutely no occasion for alarm and the persons telephoning or advising depositors to take their money out of the banks are either foolish or malicious. We have been trying to run down the source of these stories. "Three banks have had the experience with their depositors. There should be some way to put an end to these unwarranted efforts to frighten timid persons."

4. January 19, 1906 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, January 19, 1906

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Article Text

EFFORT TO START RUNS. Complaist Made by Several Banks of Underhand Methods. Chicago, Jan, 18.-Complaint has been made at several banks which are being called by telephone and asked by persons whose names are not know.n to withdraw their deposits from the institution. The depositor is told with much evidence of concern that he had better get his money out of the particolar institution in which he happens to have it lodged. Depositors in three of the richest banks in the city have been given this unsolicited advice. John J. Mitchell, President of the Illinos Trust and Savings Bank, said yesterday: "This business is to me inexplicable. There is absolutely no occasion for alarm and the persons telephoning or advising depositors to take their money out of the banks are either foolish or malicious. We have been trying to run down the source of these stories. "Three banks have had the experience with their depositors. There should be some way to put an end to these unwarranted efforts to frighten timid persons."