gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
37433d3b1db0ceb5
Response Measures
None
Description
Articles refer to 'Trenton Savings Bank' (likely same savings institution as the named Saving Fund Society).
Events (1)
1.July 29, 1893Run
Cause
Local Banks
Cause Details
Contagion from action of savings bank presidents (requiring thirty days' notice) and runs at other savings banks prompted withdrawals in Trenton.
Measures
Paid withdrawing depositors in silver dollars; continued to pay demands in full.
Newspaper Excerpt
A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out.
Source
newspapers
Newspaper Articles (10)
1.July 29, 1893Evening StarWashington, DC
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Article Text
IT CAUSED A RUN. Effect of the Decision of the New York Brooklyn Savings Bank Presidents. BROOKLYN, N. Y., July --There is . slight run on the Brooklyn Savings Bank. About 100 people are in line. The run 18 caused by the action of the savings hank presidents yesterday requiring thirty days notice. Cashier Flandreau said the bank was in good condition and all depositors who demand their money today will be paid in full. The Dime Savings Bank and the South Brooklyn Savings Bank both put into open. ation today the thirty and sixty day rule, The General Savings Bank of Kings county announces that they will put the same rule into operation on Monday morning, All of the savings banks of Kings county will probably do the same. Able to Stand Runs. TRENTON, N. J., July 29.-A run come menced this morning on the Trenton Savings Bank and by noon about $30,000 was paid out. The bank is one of the strongest in the state, having 8. clean surplus of $268,000. The money paid out this morning was in new silver dollars just received from the Philadelphia mint. All the Trenton banks are in excellent shape and no suspensions will occur. NEWARK. N. J., July 29.-There is . slight run today on the Howard Savings Institution of this city. A long double line of depositors has been passing in front of the paying teller's window all the morning. The officers of the bank say that they have plenty of money on hand to pay all demands. The Howard is the strongest savings bank in the city.
2.July 29, 1893The Jersey City NewsJersey City, NJ
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Article Text
Run on a Brooklyn Bank. BROOKLYN, N. Y., July 29, 1893. - There is a slight run on the Brooklyn Savings Bank. About one hundred people are in line. The run is caused by the action of the Savings Banks Presidents yesterday requiring thirty day's notice. Cashier Fiaudreau said the bank was in good condition and all depositors who demand their money today will be paid in full. The Dime Savings Bank ot Brooklyn and the South Brooklyn Savings Bank both put into operation today the thirty and sixty day rule, The Germania Saylugs Bank of King's County announce that they will put the same rule into operation ou Mondav morning. All of the Savings Banks of King's County will probably do tbe same. Run in Trenton. Special to The Jerseu City News. TRENTON, July 29, 1893.-A run commenced this morning on the Treuton Savings Bank, and by noon about $30,000 was cald out. The bauk is one of the strongest in the State, having k clexu surplus of $268,000. The money paid out this morning was in new silver
3.July 29, 1893Deseret Evening NewsSalt Lake City, UT
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Article Text
Paid in Nilver Dollars. TRENTON, N.J., July 29.-A run began on the Trenton savings bank this morning. The bank is one of the strongest in the state and no danger 18 looked for BB a result of the run. Withdrawing depositors were paid in silver.
4.July 30, 1893The Wichita Daily EagleWichita, KS
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Article Text
SCARED DEPOSITORS. TRENTON, N.J., July 29.-A run was commenced this morning on the Trenton Savings bank, which has a surplus of $268,000. All the banks are in excellent shape and it is thought that no suspension will occur. BROOKLYN, N. Y., July 29.-There was n slight run on the Brooklyn Savings bank today, caused by the action of the savings bank presidents. The cashier said that the bank was in good condition. The depositors were all paid in full. One bank has already put into operation the sixtyday rule, and it is likely that the other banks will follow suit.
5.July 30, 1893The Indianapolis JournalIndianapolis, IN
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Article Text
New Jersey Banks. TRENTON, N. J., July 29.-A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out. This bankisone of the strongest in the State, having a clean surplus of $268,000. NEWARK, N. J., July 29.-There was a run to-day on the Howard Savings Institution. of this city. A long double line of depositors passed in front of the paying teller's window all morning. The bank officials say they have plenty of money on hand to pay all demands. The Howard is the strongest savings bank in the city.
6.July 30, 1893The Morning NewsSavannah, GA
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Article Text
A Run on a Trenton Bank. Trenton, N. J., July 29.-A run commenced this morning on the Trenton Savings bank, and by noon about $30,000 had been paid out. The bank is one of the strongest in the state, having a clean surplus of $260,000. The money paid out this morning was in new silver dollars just received from the Philadelphia mint. All the Trenton banks are in excellent shape, and no suspensions will occur.
7.July 30, 1893The SunNew York, NY
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Article Text
APT TO STOP THE RUN. A Treaton Savings Bank Paying Its Depositors in Silver Dollars. TRENTON. N. J., July 29.-A run commenced this morning on the Trenton Savings Bank. and by noon about $30,000 was paid out. The bank is one of the strongest in the State. having a clean surplus of $268,000. The money paid out this morning was in new silver dollars just received from the Philadelphia Mint. All the Trenton banks are in excellent shape. and no suspensions will occur.
8.July 30, 1893The Daily Morning AstorianAstoria, OR
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Article Text
BANKRUPT BREVITIES. As a result of the action of the say ings banks presidents of New York and Brooklyn at the meeting Friday night, declaring they would require legal no tice for the withdrawal of funds, there were slight runs on savings banks there yesterday. They were all able to protect themselves under the time clause of th law, and no failures occurred or are anticipated. The First National bank of Kanka kee, Ills., failed yesterday; assets suf ficient to pay depositors in full, A run was begun on the Trenton N. J.Savings bank yesterday; but as the bank is one of the strongest in the state no danger it looked for. The withdrawing depositors were paid in silver dollars. As a result of malicious rumors a run was started on the Dollar Sav ings and Trust company of Youngs town, Ohio, yesterday. The bank re quired the legal notice and not a dollar paid out. It has wealthy stockholders, and a number of the merchants drew large sums from the other banks and deposited with it, thus allaying the excitement. The McNeal & Urban Safe and Lock company of Hamilton, Ohio one of the oldest safe firms in the country has assigned; assets $160,000; liabilities un known. The firm claims to be solvent. A meeting of the creditors of Foster & Co., and Charles W. Foster of Fos teria, Ohio decided to employ an expert to examine the books to see whether there are any irregularities in recent transfers of real estate.
9.July 30, 1893The Salt Lake HeraldSalt Lake City, UT
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Article Text
Paid in Silver Dollars. TRENTON, N. J., July 29.-A run began on the Trenton Savings bank this morning. The bank is one of the strongest in the state and no danger is looked for as a result of the run. Withdrawing depositors were paid in silver.
10.July 30, 1893Fort Worth GazetteFort Worth, TX
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Article Text
A STRONG BANK. TRENTON. N. J., July 20.-A run courmenced this morning on the Trenton Savings bank. The bank is one of the strongest in the state, having a clean surplus of $288,000. .
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.
