Oneida County Savings Bank (Rome, NY)

Episode Information

Episode UID
50021971339
Episode Type
Run Only
Bank Type
savings
Bank ID
5002197 routing
Routing Number
50-0219
Start Date
July 3, 1911
Location
Rome, New York (43.227, -75.492)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
93659ab557767777

Response Measures

None

Description

Some accounts mention the bank 'closed' briefly during the panic but no formal suspension or receivership is reported.

Events (3)

1. July 3, 1911 Run
Cause
Local Banks
Cause Details
Depositors reacted retaliatorily after a rejected local trust company charter effort; feeling that local banks opposed the trust company instigated withdrawals
Measures
Paid claims promptly and placed stacks of cash on view to reassure depositors
Newspaper Excerpt
The Oneida County Savings Bank is experiencing a run by depositors. All claims are being promptly met
Source
newspapers
2. July 5, 1911 Run
Cause
Local Banks
Cause Details
Continuation of the July panic tied to earlier retaliatory sentiment after the trust company certificate refusal; visible cash used to restore confidence
Measures
Displayed large amounts of cash; many who had withdrawn re-deposited funds
Newspaper Excerpt
Stacks of cash were placed on view behind the counters of the Oneida county Savings Bank today to allay the alarm of depositors who had started a run
Source
newspapers
3. July 13, 1911 Run
Cause
Bank Specific Adverse Info
Cause Details
Public filing of charges against the bank's president alarmed depositors and triggered heavy withdrawals
Measures
Officials paid demanded withdrawals, waiving the thirty days' notice to close accounts
Newspaper Excerpt
Following the filing by Albert W. Tremain with the state banking department of charges against John S. Edwards, president of the Oneida County Savings bank of Rome, a run was inaugurated
Source
newspapers

Newspaper Articles (6)

Article from New-York Tribune, July 4, 1911

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Article Text

RUN ON BANK RETALIATORY Depositors at Rome Angry Because They Can't Have Trust Company. Rome, N. Y., July 3.-The Oneida County Savings Bank is experiencing a run by depositors. All claims are being promptly met and the officers of the institution say that there is no cause whatever for alarm, as no depositor will lose any money. The report of the bank on January 1, 1911, showed the par value of the assets to be $2,849,190 18, and the investment value $2,873,912 24. The deposits at that time were $2,748,952 15, showing a par value surplus of $100,283 03. The run is not occasioned by any feeling that the bank is insecure, but is the result of the failure of an effort that has been made here to institute a trust company. The State Superintendent of Banks a short time ago declined to issue a certificate for such an institution. and the feeling among some people that the Oneida County Savings Bank, among other banking institutions, was opposed to the granting of the certificate is said to have instigated the run as a retaliatory movement.


Article from The Salt Lake Tribune, July 4, 1911

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Article Text

NEW YORK BANK HAS RUN, BUT PAYS UP ROME, N. Y., July 3.-The Oneida County Savings bank experienced a run by depositors today. All claims were promptly met. according to the bank officers, who say there was no cause whatever for alarm, as no depositor will lose any money. The state superintendent of banks a short time ago declined to issue a certificate for a trust company here and the feeling among some people that the Oneida County Savings bank, among other banking institutions, was opposed to the granting of the certificate, 18 said to have instigated the run as a retaliatory movement. Children half fare to Saltair today.


Article from The Washington Times, July 5, 1911

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Article Text

Cash Restores Confidence Of Bank's Depositors ROME, N. Y., July 5.-Stacks of cash were placed on view behind the counters of the Oneida county Savings Bank today to allay the alarm of depositors who had started 3 run on the Institution. Confidence was gradually restored and many who had withdrawn their money re-deposited it.


Article from Perth Amboy Evening News, July 13, 1911

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Article Text

RUN ON ROME BANK. Charges Against President Alarm Its Depositors. Rome, N. Y., Jude 13.-Following the filing by Albert W Tremain with the state banking department of charges against John S. Edwards, president of the Oneida County Savings bank of Rome, a run was inaugurated and reached serious proportions. Officials tried to assure the de positors that the bank was all right, but they demanded their money, which was given to them, the bank in all cases waiving its right to the thirty days' natice to withdraw deposits and close accounts. Hundreds were unable to secure their deposits before the bank closed and a renewal of the run is looked for.


Article from The Citizen, July 19, 1911

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Article Text

RUN ON ROME BANK. Charges Against President Alarm Its Depositors. Rome, N. Y., July 13.-Following the filing by Albert W. Tremain with the state banking department of charges against John S. Edwards, president of the Oneida County Savings bank of Rome, a run was inaugurated and reached serious proportions. Officials tried to assure the depositors that the bank was all right, but they demanded their money, which was given to them, the bank in all cases waiving its right to the thirty days' notice to withdraw deposits and close accounts. Hundreds were unable to secure their deposits before the bank closed and a renewal of the run is looked for.


Article Text

Tabloid Tales of the Past July The celebration of July Fourth was indeed joyous occasion. Giv. en under auspices of Rome Com munity Service there was parade, baseball game, speaking, band concert, picnic and fireworks. The address was made by S. H. Beach. Lee Center joined Rome in celebration of the day. The annual reunion of the Law family was held July at the home of B. Walker between Rome and Westmoreland. Hot weather prevails. Rochester reports 93 and Gloversville 95 on Fourth. Fire Chief George M. Bower is elected vice president of State Fire Association convention at Yonkers. Kiwanis Club has pienic and program at Panther Lake with wives and friends as guests. Richard Pugh receives severe burns about the face when tank of acetylene which he was filling on the farm of C. Hurley near Remsen, explodes. July 1911. Day before the Fourth there was crowd at the Oneida County Sav ings Bank and somebody started the rumor that there was run on. The bank perfectly solvent, has good surplus and there was no real cause for excitement. In fact the bank is stronger financial than ever before in its history. Most of those who wanted their money were women. They got as fast as they asked for it. The Fourth of July, the second year of safe and sane celebration program, passed quietly Rome. The mercury ran up as high as 93 in the shade in some places. The Fort Stanwix Drum Corps and the members of the Plumbers' Union went to Utica to witness the laying of the corner stone of the Labor Temple. Many Romans spent the day at Sylvan Beach and Summit Park. The night trains from the beach heavily loaded. It estimated that the 10:30 O. & W. train of eight coaches from there carried thousand people. A committee from the Bund placed wreath at the foot of the statue of General Gansevoort in East Park. Nearly thousand Romans found it and inviting at Summit Park, good west wind being appreciated by all During the afternoon two special cars were run from this city to the park and return but they did not begin to accommodate the crowd. Many persons coming down from the park in the evening had to transfer at the line and were obliged wait for the regular Falls cars that were already crowded to standing room with people returning from Utica and the east. George Edward Yager, 12, son of Mr. and Mrs. John Yager, 311 S. Doxtater avenue, died yesterday as the result of injuries he received when he was run over by freight near the Union Can Company's factory on Armstrong avenue, His right leg was cut off. The Bee Hive is advertising for 20 salesladies for tomorrow. W: B. Johnson won silver cup the Teugega Club July match. team captained by B. H. Beach defeated one captained by F. M. Shelley in fast three-inning game. The score was tutions on both sides. "Range Pals," true story of the great cattle rangers of old Arizona at the Casino. Business at the Oneida County Savings Bank had assumed nearly normal July proportions today. The assurance given by prominent citi-zens and the Sentinel that the bank was perfectly sound did much to queel the fears of people who didn't know why they were afraid. July 1901. England defeats the University Pennsylvania rowing team at Henley, England, by boat length. More than 1,600 persons are seriously injured in 4th of July celebrations throughout the country. Andrew Hopkins, 70, of Waterville, is killed when run over by an Albany street car. merciful man is merciful to his beast," says an item in the Boonville notes in commenting on the fact that few drivers have provided their horses with hats during the hot weather. The Village of Cleveland votes to put sidewalks on both sides of Main street. A meeting is held in Clinton to further the construction of the proposed electric line. Surveys and right of way purchases will start soon. Rome and Utica split doubleheader before small sized holiday crowd at Riverside Park, July A disagreeable Fourth, and for that matter, disagreeable Fifth also, for it rained most of the time both days. The boys with tin horns and pistols tried to celebrate on the night of the Third, but it was discouraging St. Peter's Church planned big picnic the Fourth at Riverside Park, but the managers got out hand bills announcing the picnie's postponement and festival in Sink's Opera House instead There was dancing the festival and, though no tickets were taken the door, the net receipts were $400. The in opera house enabled the managers to dispose of the ice cream and The Chicago Herald, by an ex pedition, has established the place where Columbus landed as Watling's Island in the West Indies. On spot was erectWithin the foundation of the monument were placed "copies number of the leading American among them the Rome Sentinel. The court decided that those Uti Sunday baseball players were guilty, because admission charged and game that fire. It was struck by lightning. The Rome school budget for the next fiscal year is fixed at which is to be raised by local tax. At Lowell on the evening of July while being set off, Grant Hebron of Mefarm hand in the employ of Casterton, was holdthree-pound package of powder when spark from Roman candle set it off. Hebron was knocked down and his clothing was afire. One of his fingers was burned to crisp and he was otherwise burned. The use of bulk powder was common for cannon in 1891, also for firing anvils. Death on the Fourth of July of Hannibal U. senator from Maine, and contemporary of Webster, Calhoun, Douglass, Benton, Jefferson Davis and Simon Cameron. He also in the Senate With Blaine, Edmunds, Thurman and Bayard. Adams, Jef ferson, Monroe and Hamlin died on Independence Day. July 6, 1881. Death of Frank Bingham, Dr. R. M. Bingham. He one the rising young business men Rome and was member of R. Bingham & Fourth of July celebration was curtailed on account of the sad news of President Garfield's assassination. Foot races and other amusements were held at Riverside Park in the afternoon. No serious accidents although were injured. S. B. Kingsley, son of Dr. Kingsley, was accidently and Martin Thalman, son of Alderman Martin Thalman shot blank cartridge in his hand cutting an ugly wound.