Run on Putnam Bank Seemingly Halted Putnam. Nov. 21 (UP)-A run on the Putnam Savings bank appears today to have been halted and depositors were returning their money when the bank opened this morning. State Banking Commissioner Lester E. Shippee and a half-dozen banks here and in surrounding communities contributed to checking the run which bank officials say was prompted by political motives. Shippee came here from Hartford when after three days of withdrawals the run assumed serious proportions. He
RUN ON BANK HALTED
Putnam, Conn., Nov. 21 run Putnam Savings Bank appeared today to been halted depositors returning their money when the bank opened this morning. The run, bank officials say, was prompted by political motives.
TUNNEY IS "IN"
New York, Nov. 21 Tunney made the New York social the real test of standing, but he has made being the husband Polly Lauder. On page 461 is the entry: "Miss Lauder, George, Rome, Oct. James
TUG GOES TO RESCUE
New York, Nov. 21 tug boat from Fayal, Azores, the aid of the Greek ship Alexandria, which sent SOS early No word has been received from the tug.
3.November 21, 1928The Boston Daily GlobeBoston, MA
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SAVINGS BANK ENDS
Other Banks Offer to Buy Its Books at Par
PUTNAM, Conn, Nov 21 (A. Business at the Putnam Savings Bank today was at its normal rate, it was stated there, the applications for withof deposits, which in number on Monday had the bank offihaving The ended almost entirely yesterday afternoon, when notices were posted to the effect that banks in this section would buy books at 100 percent of their There was no tangible clew today, bank officers said, to the source of the rumors affecting the Putnam Savings Bank on which the withdrawals were based
4.November 21, 1928Record-JournalMeriden, CT
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Run On Putnam Bank Halted By Statements Of Neighbors
Putnam, Conn., Nov. 20. (AP)of savings accounts the Putnam Savings bank which gan in number yesterday being continued to extent window card in the stability of the were this six other banks in this tion. was at the Putnam Savings bank later that the number of deposits lately fell off. as follows: have full confidence the
Putnam Savings bank, sound solvent. "We will purchase any deposit book issued by the Putnam bank at per cent Officers the Putnam Savings bank said that they what had occasioned the which had begun yesterday but which dropped tent today, and ceased after the tices were posted.
Rummage Friday,
5.November 21, 1928Record-JournalMeriden, CT
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Run On Putnam Bank Halted By Statements Of Neighbors
Putnam, Conn., Nov. 20. savings accounts the Putnam Savings bank which gan in unusual number yesterday afternoon being continued to some extent today, window card notices confidence in the stability the bank posted this aftersix other banks this section. was stated the Putnam Savings bank later that the number of deposits lately off. notice follows: the
Putnam Savings bank, sound "We will any deposit issued by 100 cent Officers bank that had had the which had begun yesterday dropped tent today. ceased after the tices were posted.
6.November 21, 1928Sun-JournalLewiston, ME
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RUN ON PUTNAM BANK IS STOPPED
PUTNAM, Conn., Nov. 21-(P)Business Putnam Savings bank its there. The tions withdrawal deposits which number Monday puzzled the bank officers, ceased.
Run on Putnam Bank Seemingly Halted Putnam. Nov. 21 (UP). run on the Putnam Savings bank appears today to have been halted and depositors were returning their money when the bank opened this morning.
State Banking Commissioner Lester E. Shippee and half-dozen banks here and in surrounding communities contributed to checking the run which bank officials say was prompted by political motives. Shippee came here from Hartford when after three days of withdrawals the run assumed serious proportions. He
8.November 21, 1928Morning SentinelWaterville, ME
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Other Banks Stop Run Cn Putnam Savings Bank
Conn., Nov. of savings accounts in the Putnam Savings bank which began in yesterday continued notices in the stability of the bank this afternoon by of other banks in this stated at the Putnam Savings later that the number of deposits Im. mediately fell The as follows: "We have full in the Putnam bank It We any deposit book by the Putnam Bank 100 value Officers of bank said that they had no idea what occa. sioned the withdrawals
9.November 22, 1928The Springfield Daily RepublicanSpringfield, MA
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RUN ON BANK STOPS AS ASSURANCES MADE Putnam, Ct., Nov. ness at the Putnam Savings bank today was at its normal rate, it was stated there. The large number of applications for withdrawal of deposits on Monday that puzzled the bank officers have ceased. The demands ended almost entirely yesterday aft*ernoon when notices were posted to the effect that banks in this section would buy deposit books at 100 per cent of their face value. There was no tangible clew today. bank officials said, to the source of the rumors affecting the Putnam SavIngs bank on which the withdrawals, it is claimed, were based.
RUN ON BANK HALTED
Putnam, Conn., Nov 22 (UP)-A run on the Putnam Savings Bank appeared yesterday to have been halted and depositors were returning their money when the bank opened this morning. The run, bank officials say. was prompted by political motives.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
