Hyde Park Savings Bank (Boston, MA)

Episode Information

Episode UID
5014870939
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
501487 routing
Routing Number
5-0148
Start Date
March 18, 1878
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
313798de23281aa5

Response Measures

None

Description

Articles report a run on Boston savings banks and Hyde Park enforcing the 60-day rule, but no reopening or final disposition is mentioned.

Events (2)
1. March 18, 1878 Run
Cause
Local Banks
Cause Details
Contagion from runs and suspensions at other Boston savings institutions (e.g., Five Cents/Dime savings banks).
Measures
Bank enforced sixty days' notice on all sums over twenty-five dollars.
Newspaper Excerpt
The run on the savings banks to-day continues
Source
newspapers
2. March 18, 1878 Suspension
Cause
Local Banks
Cause Details
Enforcement of the 60-day (partial suspension) rule in response to runs on local savings banks.
Newspaper Excerpt
The Hyde Park savings bank is enforcing the sixty days rule on all sums over twenty-five dollars.
Source
newspapers

Newspaper Articles (2)
1. March 19, 1878 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, March 19, 1878

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Article Text

HERE AND THERE. Habeas Corpus Refused the Swindling Officers of a Dinne Savings BankRan on the Boston Savings Banks Diminishing. FORTRESS MONROE, March 18.-Hons. R. H. Bland, George W. Adams, George C. Cabell, John F. Kelly and John Goode, members of congress, are here. READING, Pa., March 18 -A writ of habeas corpus in favor of the officers of the dime savings bank, which has suspended, was refused, and, the culprits held in forty thousand dollars ball. BOSTON, March 18 -Bank Examiner Needham states that the actual loss to the Lichmer bank, at East Cambridge, by the robbery last Saturday was $3,038, leaving a surplus of $113,000 balance. The loss falls upon the president and outside parties. The run on the savings banks to-day continues, but the excitement has greatly diminished. The crowd at the five cents savings bank is about one hundred. At the Providentand Suffolk savings banks few depositors are calling for their money. The Hyde Park savings bank i+ enforcing the sixty days rule on all sums over twen ty-five dollars.

2. March 23, 1878 The Dallas Weekly Herald Dallas, TX
Article from The Dallas Weekly Herald, March 23, 1878

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Article Text

HERE AND THERE. COLUMBIA, S. C,, March 15.-The jury in the case of the six children on trial here for the murder of a negro youth returned a verdict of not guilty, and the children were restored to their parents. POTTSVILLE, Pa., March 15.-Martin Bergen, a Molly Maguire and one of the alleged murderers of Patrick Burna, arrived here this morning from Canada, in charge of Pinkerton's de tectives. Burns was mine clerk, and was shot and instantly killed at Tuscarora, April 15, 1870, it is supposed, by members of the Molly Maguire society. BOSTON, March 15.-A run on the Five Cents Savings bank here is in progress. It is rumored the institution will enforce the sixty days notice. It is one of the largest savings banks in the state. There is no reason at present to doubt its soundness. The state detectives made a raid yesterday on the town of Shutesbury, in this state, where they arrested a number of men living in open polygamy. They are held for trial in the superior criminal court for Franklin county. It is alleged many others will be arrested for the same offense, an attempt evidently having been made to establish a Morgan settlement of Tewksbury. FORTRESS MONROE, March 18.-Hons. R. H. Bland, George W.Adams, George C. Cabell, John F. Kelly and John Goode, members of congress, are here. READING, PA., March 18.-A writ of habeas corpus in favor of the officers of the dime savings bank, which has suspended, was refused, the culprite held in forty thousand dollars ball. BOSTON, March 18 -Bank Examiner Needham states that the actual loss to the Lichmer bank, at East Cambridge, by the robbery last Saturday was $3,038, leaving a surplus of $113,000 balance. The loss falls upon the presIdent and outside parties. The run on thesavings banks to-day continues, but the excitement has greatly diminished. The crowd at the five cents savings bank is about one hundred. At the Provident and Suffolk savings banks few depositors are calling for their money. The Hyde Park savings bank is enforcing the sixty days rule on all sums over twenty-five dollars.