Provident Institution For Savings (Jersey City, NJ)

Episode Information

Episode UID
55003170989
Episode Type
Run Only
Bank Type
savings
Bank ID
5500317 routing
Routing Number
55-0031
Start Date
May 12, 1882
Location
Jersey City, New Jersey (40.728, -74.078)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
14fbf085c34fe339

Response Measures

None

Events (1)
1. May 12, 1882 Run
Cause
Bank Specific Adverse Info
Cause Details
Attempted suicide of treasurer Edmund W. Kingsland triggered depositor panic and heavy withdrawals.
Measures
Officials issued public statement asserting funds intact; trustees examined securities; bank reopened next day and met demands.
Newspaper Excerpt
a run has begun on the bank, which is surrounded by anxious depositors.
Source
newspapers

Newspaper Articles (12)
1. May 13, 1882 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, May 13, 1882

Click image to open full size in new tab

Article Text

HE IT: 1 The Treasurer of an Extensive Savings Bank Shoots Himself, NEW Yonx, May 12-Edward W. Kingsland, treasurer of the Provident institution for savings, Jersey City, shot himself this morning, by accident or design, in the trustee's room of the bank. The officials believe the funds of the institution intact, and have made a public statement to that effect, but a run has begun on the bank, which is surrounded by anxious depasitors. Mr. Kingsland is trustee for a large num. ber of estates in Jersey City and vicinity. The wound is not considered mortal. There are over 13,000 accounts, and the total due depositors is more than $5,000,000. The assets are $6,791,832. consisting of bonds and mortgages, $3,000,000; United States bonds, $2,000,000; cash on hand and in banks, $150,000; call loans, $385,000. Kingland's condition is critical. The run on the bank continues and has assumed the features of a panic. The president and clerk examined the securities for call loans deposited at the Mercantile trust and report all correct. LATEI--The trustees of the bank have made a careful examination of the securities and found everything intact. There is due the depositors about $5,300,000. The bank has a surplus of about $400,000. It was decided to open the bank to-morrow and receive deposits as usual.

2. May 13, 1882 Wheeling Register Wheeling, WV
Article from Wheeling Register, May 13, 1882

Click image to open full size in new tab

Article Text

RUN ON A BANK. The Treasurer Shoots Himself. NEW YORK, May 12.-Edmund W. Kingsland, treasurer of the Provident Institution for Savings, of Jersey City, shot him. self, this morning, by accident or design. in the trustees' office of the bank. The officials believe the funds of the institution are in tact, and have made a public statement to that eflect. but a run has been made on the bank which is surrounded by anxious depositors. Kingsland is trustee for a large number of estates in Jersey City and vieinity. The wound is not considered mortal. There are over thirteen thousand accounts and the total amount due depositors is more than five millions. Assets $517,918.33, consisting of bonds and mortgages, and three millions United States bonds, and $150,000 call loans. Kingsland's condition is critical. The run on the bank continues and has assumed the features of a panic. The President and certabayer examined the securities for call toans deposited at the mercantile trust, and report all correct.

3. May 13, 1882 Daily Globe Saint Paul, MN
Article from Daily Globe, May 13, 1882

Click image to open full size in new tab

Article Text

Panicky Depositors. New York, May 2.-Edmund W. Kingsland treasurer, of the Provident institution for savings, Jersey City, shot himself this fore. noon by accident or design initheitrustees' room. The officials believe the funds in the institution are intact and have made a public statement to that effect, but a run has vegun on the bank which is surrounded by anxious depositors. Kingsland is trustee for a large number of estates in Jersey City and vicinity. His wound is not considered mortal. There accounts and over are 13,000 more the total due depositors is than $5,000,000; assets $1,791,000 consisting of bonds and mortgages, $3,000,000; United States bonds, $2,000,000; cash on hard in bank, $150,000; call loans, $385,000, etc. Kingsland's condition is critical. The run on the bank continues and has assumed the features of a panic. The president and clerk have examined the securities for the call loans deposited at the Mercantile Trust bank and report all correct.

4. May 13, 1882 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, May 13, 1882

Click image to open full size in new tab

Article Text

Jersey City Bank Official Shoots Himself. NEW YORK, May 2.-Edmund W. Kingsland, treasurer of the Provident Institution for Savings of Jersey City, shot himself this morning, by accident or design, in the trustees' room of the bank. The officials believe the funds of the institution are intact, and have made a public statement to that effect, but a run has begun on the bank, which is surrounded by anxious depositors. Kingsland is trustee for a large number of estates in Jersey City and vicinity. The wound is not considered mortal. There are over 13,000 accounts, and the total due depositors is more than $5,000,000; assets, $5,791,933; consisting of bonds and mortgages, $3,000,000; United States bonde, $2,000,000; cash on hand in banks, $150,000; call loans, $385,000. Kingsland's condition is critical. The run on the bank continues, and has assumed the feature of a panic. The president and clerk examined the securities for call loans deposited at the Mercantile Trust and report all correct.

5. May 13, 1882 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, May 13, 1882

Click image to open full size in new tab

Article Text

More Bank Trouble in Jersey City. NEW YORK, May 12.-Edmund W. Kingsland, treasurer of the Provident Institution for Saving set Jersey City, shot himself this morning by occident or design in the trustee's room of the bank. The officials believe the funds of the institution intact, and made public. statement to that effect, but is run has begun on the bank, which is surrounded by anxious depositors. Kingsland is trustee for large numbers in the States and in Jersey City and vicinity. The wound is not considered mortal. There are 1,500 accounts, and a total due the depositors of more than Assets, 85,791 833, consisting of bonds and mortgages yo,U.S. bonds cash on hand in bank call loans $185,(NN). etc. Kingsland's condition is critical. The run on the bank continues to assume the features of a paric. The President and Clerk examined the securities for call loans deposited at the Mercantile Trust, and report all correct.

6. May 13, 1882 Evening Star Washington, DC
Article from Evening Star, May 13, 1882

Click image to open full size in new tab

Article Text

The Jersey Savings Bank Shooting. JERSEY CITY, N. J., May 13.-Edmund W. Kingsland, the secretary and treasurer of the Provident Institution for Savings, who attempted suicide yesterday by shooting himself in the head, in the bank building on Washington street, passed a very comfortable night and awoke greatly refreshed this morning. His physician says that unless inflammation of the brain sets in, it is almost certain that he will recover, though his age and diseased condition are much against him. The officials of the Second National bank informed Andrew Clerk, president of the savings bank, that they would loan him $65,000 in current funds on ten minutes notice, should he need it. The run was recommenced this morning but has greatly abated and is expected to cease to-day.

7. May 14, 1882 New-York Tribune New York, NY
Article from New-York Tribune, May 14, 1882

Click image to open full size in new tab

Article Text

LOCAL MISCELLANY. MR. KINGSLAND BETTER. Edmund W. Kingsland, treasurer of the Provident Institution for Savings in Jersey City, who shot himself on Friday morning, is still alive. He 18 by no means out of danger, as inflammation may set in at any time: if it does, it will be almost certain to result in death. He retained consciousness all day yesterday, and was able to take some slight nourishment. He was also able to talk, but showed no inclination to speak of the shooting, and his physicians would not permit him to be questioned on the subject. The improvement in his condition during the day and evening gave rise to strong hopes that he will survive. The run on the bank continued yesterday, but as on Friday every demand was promptly met. and many when they found their money ready for them went away without drawing it. The people who are drawing their deposits are among the least intelligent of the community, people to whom a bank statement is like sanscrit and who are only anxious to have their money through fear that something might be wrong. One anxious depositor remained all Friday night in the neighborhood of the bank, SO as to be there in time in the morning. Two others from Philadelphia came on in the midnight train, and were at the bank soon after daylight. The amount paid out up to 3 o'clock yesterday afternoon was $115,655.34. and about 220 accounts were closed up. The bank was reopened again in the evening to accommodate all who might come. William Hogencamp, president of the Second National Bank, called at the bank about noon and proffered whatever financial assistance might be needed. His offer was declined with thanks, the bank being in possession of ample funds. It has $2,000,000 in Government bonds alone, which can be converted into cash without delay. The officers of the bank are pleased that 80 many of the accounts are being closed, as they had a large surplus fund on hand, on which they were paying interest. and for which they could find no profitable investment. The bank will be opened to-morrow as usual.

8. May 17, 1882 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 17, 1882

Click image to open full size in new tab

Article Text

The Condition of E. W. Klagsland. JERSEY CITY, May 16.-Mr. Edmund W. Kingsland, Treasurer of the Provident Institution for Savings, who attempted suicide last Friday, is to-day reported steadily improving, although there are fears that he will lose the sight of both eyes. The run on the bank, has ceased and has resulted largely to the advantage of the bank in forfeited interests.

9. May 17, 1882 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, May 17, 1882

Click image to open full size in new tab

Article Text

Startling Tragedy. Jersey City, N. J., was thrown into a ferment on the 12th inst., by the announcement that Edmund W. Kingsland, treasurer of the Provident Institution for Savings, had shot himself either by accident or design. As the institution held deposits amounting to $5,000,000, a run almost equivalent to a panic resulted. The officers of the bank are confident that the funds of the institution are intact. Kingsland, fat last accounts, was unconscious, with physicians holding forth but little encouragement.

10. May 17, 1882 Watertown Republican Watertown, WI
Article from Watertown Republican, May 17, 1882

Click image to open full size in new tab

Article Text

Startling Tragedy. Jersey City, N. J., was thrown into a ferment on the 12th inst., by the announcement that Edmund W. Kingsland, treasurer of the Provident Institution for Savings, had shot himself either by accident or design. As the institution held deposits amounting to $5,000,000, a run almost equivalent to a panic resulted. The officers of the bank are confident that the funds of the institution are intact. Kingsland, (at last accounts, was unconscious, with physicians holding forth but little encouragement.

11. May 17, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 17, 1882

Click image to open full size in new tab

Article Text

Effects of a Run on a Bank. JERSEY CITY, N. J., May 16.-Edmund W. Kingsland, treasurer of the Provident Institution for Savings, who attempted suicide last Friday, is to-day reported to be steadily improving, although there are fears that he will lose the sight of both eyes. The run on the bank has ceased. It has resulted largely to the advantage of the bank in forfeited interest.

12. May 21, 1882 The Weekly Elko Independent Elko, NV
Article from The Weekly Elko Independent, May 21, 1882

Click image to open full size in new tab

Article Text

EDMUND W. KINGSLAND, Treasurer of the Provident Institution for Savings, Jersey City, shot himself yesterday morning, by accident or design, in the trustees' room of the bank. The officinis believe the funds of the institution intact, and made n public statement to that effect, but a run has commenced on the bank, which is surrounded by anxious depositors.