Savings Bank (Rockville, CT)

Episode Information

Episode UID
51019271107
Episode Type
Run Only
Bank Type
savings
Bank ID
5101927 routing
Routing Number
51-0192
Start Date
March 16, 1892
Location
Rockville, Connecticut (41.867, -72.450)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7a45e0b287e8ce0

Response Measures

None

Events (1)
1. March 16, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors circulated (particularly among German residents) that the bank was insolvent; origin of the rumor was unknown and said to have no foundation.
Measures
Officers paid depositors promptly; bank had aid of local national banks and about $200,000 available; many depositors later returned funds.
Newspaper Excerpt
Run on a Rockville Bank. ROCKVILLE, March 16.-The greatest excitement was caused in this town to-day by a run on the Rockville Savings bank, which is believed to be one of the strongest institutions in the state.
Source
newspapers

Newspaper Articles (10)
1. March 16, 1892 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, March 16, 1892

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Article Text

Run on a Rockville Bank. ROCKVILLE, March 16.-The greatest excitement was caused in this town to-day by a run on the Rockville Savings bank, which is believed to be one of the strongest institutions in the state. Last night rumors were circulated among the German residents of the city, many of whom are depositors of the bank, to the effect that the bank was insolvent. The origin of the rumor is a mystery and has no foundation. Before the doors of the bank were opened this morning at 10 o'clock, a number of depositors gathered outside. Since the opening of the bank there has been a steady run. The bank officers are paying all without hesitation. The annual report of the bank, which was issued October 1, 1891, showed that the bank had deposits amounting to $1,132,789, surplus $35,000. There were then 3,703 depositors.

2. March 17, 1892 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 17, 1892

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Article Text

Business Troubles. NEW YORK, March 16.-Judgments aggregating $20,485 against the Monterey & Mexican Gulf Railway Company of Mexico, in favor of John Milts & Co., on protested drafts. were filed in this city today. GALVESTON, Tex., March 16.-In the United States court, in the case of the Farmers' Loan and Trust Company VS. the Houston & Texas Central Railway Company, to foreclose the mortgage on the Waco & Northwestern division, a final decree was entered foreclosing the mortgage, and the sale of the property was ordered. ROCKVILLE, Conn., March 16.-Rumors that the Rockville savings bank was insolvent caused a run on the institution all day. It is thought the bank is perfectly solvent.

3. March 17, 1892 The World Martinsburg, WV
Article from The World, March 17, 1892

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Article Text

Run on a Bank. ROCKVILLE, Conn., March 17. - A rumor became current among the German citizens of this city in regard to the solvency of the Savings bank of Rockville, and a run has been in progress since it opened. The officers were buzy all day paying all depositors who called for their deposits. A large amount was paid out in sums from $5 to $1,000. The bank is considered one of the strongest in the state.

4. March 17, 1892 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, March 17, 1892

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Article Text

Run on a Bank. ROCKVILLE, Conn., March 17. - A rumor became current among the German citizens of this city in regard to the selvency of the Savings bank of Rockville, and a run has been in progress since it opened. The officers were busy all day paying all depositors who called for their deposits. A large amount was paid out in sums from $5 to $1,000. The bank is considered one of the strongest in the state.

5. March 17, 1892 Evening Star Washington, DC
Article from Evening Star, March 17, 1892

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Article Text

The application made to the New York supreme court for bail for Burton C. Webster, the slayer of Charles F. Goodwin, has been denied. The literary convention between Germany and the United States has passed its third reading in the reichstag. The feeling is gathering ground in Canada that the government is thinking seriously of a preferential tariff in favor of Great Britain. The pope has written to Mr. Thomas B. Bryan, special commissioner to Italy for the world's fair, a letter commending the undertaking in the highest terms. The Rockville (Conn.) Savings Bank successfully sustained a run yesterday.

6. March 17, 1892 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, March 17, 1892

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Article Text

RUN ON A BANK Resulted In a Loss of $500 Interest to the Depositors. ROCKVILLE, Conn., March 16-The run on the savings bank today continued until ate this afternoon and it is thought 18 practically over tonight The bank paid 125 depositors $25 000. The bank had. with the aid of the local national banks, $200,000 at its disposal. The bat k cleare $500 ID interest lost ty the depositors. A number of persons returned their money to the bai k this evenir g.

7. March 17, 1892 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, March 17, 1892

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Article Text

The Bank Is Solid. ROCKVILLE. March 17.-The run on the Rockville savings bank was practically over at 3 o'clock yesterday afternoon, although a number of depositors called for money in the evening. This morning the officers of the bank stated that they paid out between $25,000 and $30,000, and had $200,000 more at their command, which they could have used should it have become necessary. Depositors on presenting their books yesterday received the amount represented therein. with interest to October 1, 1891. The largest sum drawn by any one person was $1,900, although there were a number of deposits of $1,000, and $1,500 with. drawn. Late in the afternoon a numbrr of depositors returned their money to the bank.

8. March 17, 1892 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, March 17, 1892

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Article Text

A Bank Run Safely Weathered. ROCKVILLE, CONN., March 16.-A rumor became current among the German citizens of the city last night in regard to the solvency ofthe savings bank of Rockville, and a run has been in progress since it opened today. The run continued until late this afternoon, but it is thought to be practically over to-night. The bank paid 125 depositors a total of $25,000. A number of persons returned their money to the bank this evening.

9. March 24, 1892 The Press Stafford Springs, CT
Article from The Press, March 24, 1892

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WALES. (Correspondence.) -W. Royce lost a valuable horse a few days ago, also J. C. Burley met with a similar loss. -G., H. Holbrook, who has lived with Nathan Greene for several years, has removed:to W. Cook's. JE In the death of Ira P. Thompson the town has lost another of its life-long résidents, and the Methodist church another of its liberal supporters. Mr. Thompson was 73 years of age. -1. W: Whitlock has been building a new team wagon for F. N. Bradley. XFH. A. Eaton, the jeweler, has now in connection with his watch repairing business a battery and apparatus for electroplating, and is ready to serve all who have articles they wish plated. -Nathan Greene has a number of men chopping for him. -0. L. Burley, of Montville, was in town a few days ago. ROCKVILLE. -The run upon the Savings Bank of Rockville ceased as suddenly as it began, but not until over $30,000 had been drawn out. : Much of this has been returned, but of course interest from Oct. 1st is forfeited upon all drawn out. -That Storrs School is getting home appreciation is shown by the increased proportional number of students attending from towns in its vicinity. Of the 63 present students catalogued the following are from Tolland county Mansfield-F n. Burrows, G. E. Colburn, W. E. Cummings, G. L. Fish, M. J. Phelps, H. V. Phelps, F. Rosebrook, W. L. Rosebrook, L. J. Rosebrook, A. M. Snow, N. L. Wilson. Coventry-R. C. Kolb, M. H. Parker, W. A. Warren. Andover-T. A. Mack. Willington-G. O. Smith. Bolton-H. G. Sperry.

10. March 24, 1892 Bellows Falls Times Bellows Falls, VT
Article from Bellows Falls Times, March 24, 1892

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CONNECTICUT. The new Republican morning newspaper in New Haven will probably be known as the Free Press or the Leader. The state convention of the united order of the Golden Cross was held in Waterbury. The order has a state membership of 767. Byron Case of Poquonock was found nearly dead last week. A large limb of a tree he was cutting had evidently fallen and struck his head. He is still in a precarious condition at his home. There was a run on the Rockville savings bank last week, and $25.000 was paid out to 125 depositors. The bank was aided by local national banks, and had $200,000 at its disposal. Many persons returned their deposits the same evening. Plumb N. Fairchild, 82, who died in Bridgeport last week, was born in Trumbull in 1809. and when 18 years of age established a paper mill with his father. The business is now one of the oldest of the kind in the country. The Wilmot and Hobbs manufacturing company of Bridgeport have bought the plant of the Bridgeport rolling mill company for about $100,000. Under the new management it will be used as a hot roliing mill. E. G. Coy, Yale '69, professor of Greek at Phillips academy in Andover, Mass., has been elected head master of the new Yale preparatory school in Lakeville. Prof. D. Y. Comstock, also of the Andover school, has been secured as assistant master. The Bridgeport jury in the case of George H. Turner against Leila Heisler, an action for $10,000 damages for slander, rendered a $1250 verdict Thursday for the defendant. Miss Heisler, who was a pupil in Turner's business college, brought a counter suit also for $10,000, alleging that he had subjected to her to indignities in the school-room.