Elmira Savings Bank (Elmira, NY)

Episode Information

Episode UID
50010971121
Episode Type
Run β†’ Suspension β†’ Reopening
Bank Type
savings
Bank ID
5001097 routing
Routing Number
50-0109
Start Date
May 23, 1893
Location
Elmira, New York (42.090, -76.808)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
209b3a9f307ce753

Response Measures

None

Description

The bank invoked a 60-day notice rule for large withdrawals during the run, which constitutes a partial suspension, followed by a reopening in July.

Events (3)

1. May 23, 1893 Run
Cause
Local Banks
Cause Details
The failure of the Elmira National Bank triggered a run on the Elmira Savings Bank.
Measures
Paid sums under $100 on demand; invoked legal time limit (30/60 days) for sums over $100.
Newspaper Excerpt
The suspension of the Eimira National bank to-day caused a big run to be made on the Elmira Savings bank.
Source
newspapers
2. May 23, 1893 Suspension
Cause
Local Banks
Cause Details
Partial suspension (invocation of time-notice rule) due to the run caused by the failure of the Elmira National Bank.
Newspaper Excerpt
The usual time allowed by law will be taken for all deposits over $100.
Source
newspapers
3. July 10, 1893 Reopening
Newspaper Excerpt
The Elmira (N. Y.) Savings bank reopened for business yesterday, paying its old depositors a dividend of 25 per cent.
Source
newspapers

Newspaper Articles (11)

Article from Deseret Evening News, May 24, 1893

Click image to open full size in new tab

Article Text

Made an Assignment. ELMIRA, N. Y., May 24.-Mayor - D. C. Robinson has made an assignment. The Elmira National bank which closed its doors yesterday is a preferred creditor. The liabilities are unkpown, but may reach a hundred thousand dollars. The run on Elmira Savings bank continued. All sume under a hundred dollars are being paid on demand.


Article from Morning Journal and Courier, May 24, 1893

Click image to open full size in new tab

Article Text

Run on an Elmira Bank. ELMIRA, May 23 - The suspension of the Eimira National bank to-day caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors crowded the doors, but the bank kept right along doing business and the depositors will be paid in full. All amounts under $100 have been paid on demand. The usual time allowed by law will be taken for all deposits over $100.


Article from Waterbury Evening Democrat, May 24, 1893

Click image to open full size in new tab

Article Text

Run on the Elmira Savings Bank. ELMIRA, N. Y., May 24.-The suspension of the Elmira National bank has caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors crowded around the bank all day yesterday, but the bank kept right along business and the depositors will all be paid in full. All amounts under $100 have been paid on demand. The usual time allowed by law will be taken for all deposits Over $100.


Article from The Evening Herald, May 24, 1893

Click image to open full size in new tab

Article Text

Run on the Elmira Savings Bank. ELMIRA, N. Y., May 24.-The - suspension of the Elmira National bank has caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors crowded around the bank all day yesterday, but the bank kept right along business and the depositors will all be paid in full. All amounts under $100 have been paid on demand. The usual time allowed by law will be taken for all deposits over $100.


Article from The Representative, May 24, 1893

Click image to open full size in new tab

Article Text

Caused a Big Bank Run. ELMIRA, N. Y., May 24. - -The suspension of the Elmira National bank has caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors have crowded around the bank all day. but the bank kept right along doing business.


Article from Morning Journal and Courier, May 25, 1893

Click image to open full size in new tab

Article Text

Made an A Assignment. ELMIRA, N. Y., May 24.-Mayor David C. Robinson this morning made a general assignment for the benefit of his creditors, making the Elmira National bank, which closed its doors yesterday, a preferred creditor. The run on the Elmira Savings bank continued to day, and all depositors having less than $100 were paid.


Article from The Evening Herald, May 26, 1893

Click image to open full size in new tab

Article Text

Run on the Bank Over, ELMIRA, N. Y., May 26.-The run on the Elmira Savings Bank, which was started by the failure of the Elmira National Bank, has pretty nearly ceased. The total amount diawn out is about $8,000, in sums of not over $100. It is not known how large an amount the fifty and sixty days notices call for to be paid at the expiration of that time, but it is probable that confidence will be fully restored and the depositors will allow their money to remain


Article from Morning Journal and Courier, May 26, 1893

Click image to open full size in new tab

Article Text

Ugly Rumors A re A float. ELMIRA, May 25.-The run on the Elmira Savings bank which was started by the failure of the Elmira National bank has pretty nearly ceased. The total amount drawn out is about $8,000. Excitement over Mayor Robinson's assignment continues unabated, and many ugly rumors in regard to his transactions are afloat. Some place his liabilities at over $1,000,000.


Article from Waterbury Evening Democrat, May 26, 1893

Click image to open full size in new tab

Article Text

Run on the Bank Over. ELMIRA, N. Y., May 26.-The run on the Elmira Savings Bank, which was started by the failure of the Elmira National Bank, has . pretty nearly ceased. The total amount drawn out is about $8,000, in sums of not over $100. It is not known how large an amount the fifty and sixty days notices call for to be paid at the expiration of that time, but it is probable that confidence will be fully restored and the depositors will allow their money to remain.


Article from Idaho County Free Press, June 2, 1893

Click image to open full size in new tab

Article Text

Failure at Elmira, N. Y. ELMIRA, N. Y., May 24.-Mayor D. C. Robinson has made an assignment, with the Elmira National Bank, which closed its doors yesterday, a preferred creditor. His liabilities are unknown, but may reach a hundred thousand dollars. The run on the Elmira Savings Bank continues. All sums under a hundred dollars are being paid on demand.


Article from St. Paul Daily Globe, July 11, 1893

Click image to open full size in new tab

Article Text

TELEGRAPHIC TICKS. The cruiser Philadelphia has arrived at Rio de Janeiro, Brazil. The Southern California bank at Los Angeles, Cal., resumed business yesterdry morning. The Lafayette hotel, belonging to the Wabash and Big Four at Lafayette, Ind., was destroyed by fire yesterday afternoon. The total number of fourth-class postyesterday was caused 126, of were to fill which masters 40 appointed death. vacancies by resignations and The Elmira (N. Y.) Savings bank reopened for business yesterday, paying its old depositors a dividend of 25 per cent. As soon as possible another dividend will be declared. a Secretary Herbert has directed court martial to assemble at Mare the Island, Cal., on the 29th inst., for trial of Paymaster J. S. Sullivan, charged with embezzlement. Mrs. Bancroft, the well-known actress, thrown from a cab in London yeswas terday and run over. She received injuries that necessitated her removal to a hospital. 1: The discussion of the ninth clause of government act. which relates to the in of Irish parliament the Irish representation counties the committee and imperial boroughs, began yesterday in of the whole of the house of commons. The missing yacht Sea Gull, which was supposed to have foundered near Chicago with nearly a dozen people all in Sunday night's storm, has turned up right. She landed in an out-of-the way place in the southern part of the city, and suffered no damage. Latest advices are to the effect that the steamer Bawnmore, which struck a rock off Point Gardo, Cal., and Cas- was about to sink, has been towed into She par bay, on the Mendocino coast. is a very much damaged vessel. The excursion steamer Eldorado ran aground on Horseshoe reef, near Buffalo, it early yesterday, and for a while which looked as though the accident, in itself slight, would dis- all but the passengers astrous, was prove were safely landed. The New Haven steamboat Richard Peck, whose highest ambition is to show Purher heels to some other boat, the the Fall River line, has by Mr. itan pride of lowered Hearst's in had little race her yacht Vamoose, who beat her a on Long Island sound. One million bushels of grain came to Ont., from the West last The receipts were received there in one as Kingston, week. ever week, the carriers largest and a of the large are there waiting to be result lying many grain unloaded. of the T. Oswin Mayo, vice president E. Wells Packing company. committed suicide at his home, in Chicago, by taking a dose of rat poison. His business affairs are said to be in good condition, act. and 110 cause can be assigned for the Enlisted men in the navy will now have the privilege of purchasing their Secretary Herbert yesterday order establishing for the purchase regulations issued discharge. an rules of and discharges, as authorized by the last naval appropriation bill. believed at Leaventhat the the coal miners IS at an among worth. It is Kan., generally sympathy strike end. into morning miners went mines. The men work at the price offered the Yesterday two when for resumed mine they first went out-80 cents a ton run coal. Reports to the South Chicago police who station indicate that three men were seen clinging to an upturned row aftboat off Cheltenham Beach Sunday ernoon, and who were supposed to have the been drowned, were picked up by occupants of a boat and brought safely to land. The statue of P. T. Barnum at Seaside park, Bridgeport, Conn., was disfigured Sunday night by being covered of with red paint. The granite steps the pedestal were covered with inscriptions derogatory to the character of the deceased showman. There is no clue to the perpretator of the deed. Jerry O'Donnel was to have been married at Calumet, Mich.. but at the time set for the ceremony a requiem mass was being sung for him. He died suddenly. O'Donnell was the one for very who-was sent to the penitentiary three years for trying to bribe the jury in the Croun case at Chicago. The New Zealand Loan aud Mercancompany, limited, the offices of are in London, is The capital of the tile day. which Agency failed company the yesterΒ£4,500,000. Three-quarters of loss It will on people in Great Britain. is that the company on wide speculations John S. Penman, tralia. carrying Rev. feared fall Dr. Irvington, rector has in been Aus- of the Presbyterian church at He N. Y., has resigned his pastorship. he has done so because of his inability says to longer sustain and subscribe to the "system of doctrine" of his church. Dr. Penman was one of the commissionto the general assembly at Washing- in ton. ers He voted with the minority favor of Dr. Briggs.