German American Bank (La Crosse, WI)

Episode Information

Episode UID
5567953891246
Episode Type
Run Only
Bank Type
state
Bank ID
556795389 hash
Start Date
October 26, 1903
Location
La Crosse, Wisconsin (43.801, -91.240)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
86569d2ee7cb025d

Response Measures

None

Events (1)

1. October 26, 1903 Run
Cause
Rumor Or Misinformation
Cause Details
False rumors the bank had been investing in railroad stocks (and related rumors about dishonoring checks) triggered heavy withdrawals.
Measures
Bank paid withdrawals; receiving teller accepted deposits from local business men; police kept order; bank reported ample cash on hand.
Newspaper Excerpt
False rumors that the officers of the GermanAmerican bank were promoting a railroad caused a run on that bank today which resulted in drawing out $150,000.
Source
newspapers

Newspaper Articles (10)

Article from The Saint Paul Globe, October 27, 1903

Click image to open full size in new tab

Article Text

Bank Is Victim of Rumors. LA "CROSSE, Wis., Oct. 26.-False rumors that the officers of the GermanAmerican bank were promoting a railroad caused a run on that bank today which resulted in drawing out $150,000. Many of the depositors are laborers and farmers. It is thought the run will be over by tomorrow. The bank has plenty of money.


Article from Watertown Republican, October 28, 1903

Click image to open full size in new tab

Article Text

FRANTIC RUN ON LA CROSSE BANK. German-American Is Known to Be Sound Yet Rumors Frighten Many Women and Farmers. La Crosse, Wis., Oct. 26.-[Special.]A small run was started upon the German-American bank Saturday by a rumor that the bank had been investing in railroad stocks. The run was continued this morning, many farmers coming in as early as 7 o'clock, and by 10 o'clock, when the bank opened, the streets were lined with depositors, a majority being women, all clamoring to get in when the doors opened. Only the efforts of the police detail kept many from being injured by crushing and trampling. At times today there have been 200 people in line. The receiving teller, however, has had a very busy time of it. taking deposits made by La Crosse business men, who know the institution is sound. The bank has over $300,000 in sight on its counters. The women in many cases have been frantic in their efforts to get at the paying teller's window, actually fighting their way, in many instances crying and wringing their hands. It is learned today that besides the false railroad rumor, there was a rumor started that the bank was unsound because of its refusal to honor checks paid the farmers by a local concern which has gone out of business and has no deposits there. The bank is considered sound by all conservative business men and many are drawing money from other banks to help the GermanAmerican, although the latter has not asked aid.


Article from Iowa County Democrat, October 29, 1903

Click image to open full size in new tab

Article Text

RUN ON A LA CROSSE BANK. Sound, Yet Rumors Frighten Many Women and Farmers. La Crosse, Wis., Oct. 27.-A small run was started upon the GermanAmerican tank by a-rumor that the bank had been investing in railroad stocks. The run was continued yesterday morning, many farmers coming in as


Article from Vilas County News, November 2, 1903

Click image to open full size in new tab

Article Text

HOLD UP LA CROSSE FARMERS. Knowing of Run on Bank Thugs Become Bold. La Crosse, Oct. 28.-Herman Schwiffel was held up and robbed in broad daylight by four masked men heavily armed, the attack being made four miles east of the city. The robbers knew of the run on the German-American bank and knew that many farmers were taking their deposits home. All they got from Schwiffel, however, so far as reported, was a small sum of money and his watch. The robbers attempted to hold up a couple in a buggy also, but the men showed fight and another buggy appeared. The highwaymen jumped on a train and went east It is thought they are a portion of the gang which has been working through Minnesota.


Article from Vilas County News, November 2, 1903

Click image to open full size in new tab

Article Text

RUN ON A LA CROSSE BANK. Sound, Yet Rumors Frighten Many Women and Farmers. La Crosse, Wis., Oct. 27.-A small run was started upon the GermanAmerican bank by a rumor that the bank had been investing in railroad stocks. The run was continued yesterday morning, many farmers coming in as


Article from Eagle River Review, November 6, 1903

Click image to open full size in new tab

Article Text

ALL OVER THE STATE ITEMS OF INTEREST IN BADGER. DOM. Farmer Held Up by Highwaymen-No State Taxes This Year-Disastrous Attempt to Corner Cheese MarketCouple Convicted of Robbery. Herman Schwiffel was held up and robbed in broad daylight by four masked men heavily armed, the attack being made four miles east of La Crosse. The robbers knew of the run on the GermanAmerican Bank and knew that many farmers were taking their deposits home. All they got from Schwiffel, however, so far as reported, was a small sum of money and his watch. The robbers attempted to hold up a couple in a buggy also, but the men showed fight and another buggy appeared. The highwaymen jumped on a train and went east. It is thought they are a portion of the gang which has been working through Minnesota.


Article from Rock Island Argus, November 10, 1903

Click image to open full size in new tab

Article Text

Female Bandit Follows Trade in Garb of Man La Crosse, Wis., Nov. 10.-A woman Mrs. Boatcher was caught by Herbandit. who operates in man's cloth- man Pralle, a farmer, who arrived ing, has been captured. She is Mrs. home unexpectedly, and found his Bertha Boatcher, and she has conpremises being robbed by a man who fessed. For several weeks many thefts had a wagon and team. When a light have been reported and since the run was turned on it was found the prison the German-American bank, when oner was Mrs. Bertha Boatcher, who lives about three miles from Pralle's many farmers drew out their money and have since been keeping it at farm. She was sent to the county home, three holdups have taken place. jail for 30 days.


Article from Wausau Pilot, November 10, 1903

Click image to open full size in new tab

Article Text

ALL OVER THE STATE ITEMS OF INTEREST IN BADGER. DOM. Farmer Held Up by Highwaymen-No State Taxes This Year-Disastrous Attempt to Corner. Cheese MarketCouple Convicted of Robbery. Herman Schwiffel was held up and robbed in broad daylight by four masked men heavily armed, the attack being made four miles east of La Crosse. The robbers knew of the run on the GermanAmerican Bank and knew that many farmers were taking their deposits home. All they got from Schwiffel, however, so far as reported, was a small sum of money and his watch. The robbers attempted to hold up a couple in a buggy also, but the men showed fight and another buggy appeared. The highwaymen jumped on a train and went east. It is thought they are a portion of the gang which has been working through Minnesota.


Article from Grant County Herald, November 11, 1903

Click image to open full size in new tab

Article Text

ALL OVER THE STATE ITEMS OF INTEREST IN BADGER. DOM. Farmer Held Up by Highwaymen-No State Taxes This Year-Disastrous Attempt to Corner Cheese MarketCouple Convicted of Robbery. Herman Schwiffel was held up and robbed in broad daylight by four masked men heavily armed, the attack being made four miles east of La Crosse. The robbers knew of the run on the GermanAmerican Bank and knew that many farmers were taking their deposits home. All they got from Schwiffel, however, so far as reported, was a small sum of money and his watch. The robbers attempted to hold up a couple in a buggy also, but the men showed fight and another buggy appeared. The highwaymen jumped on a train and went east. It is thought they are a portion of the gang which has been working through Minnesota.


Article from Vernon County Censor, November 11, 1903

Click image to open full size in new tab

Article Text

# ALL OVER THE STATE ITEMS OF INTEREST IN BADGER-DOM. Farmer Held Up by Highwaymen-No State Taxes This Year-Disastrous Attempt to Corner Cheese Market-Couple Convicted of Robbery. Herman Schwiffel was held up and robbed in broad daylight by four masked men heavily armed, the attack being made four miles east of La Crosse. The robbers knew of the run on the German-American Bank and knew that many farmers were taking their deposits home. All they got from Schwiffel, however, so far as reported, was a small sum of money and his watch. The robbers attempted to hold up a couple in a buggy also, but the men showed fight and another buggy appeared. The highwaymen jumped on a train and went east. It is thought they are a portion of the gang which has been working through Minnesota.