Savings Bank (New York, NY)

Episode Information

Episode UID
5839222691556
Episode Type
Run Only
Bank Type
savings
Bank ID
583922269 hash
Start Date
August 16, 1929
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f3531539c66900c1

Response Measures

None

Description

Articles describe a panic at a Brooklyn savings bank (borough of New York); the exact institutional name is not given.

Events (1)
1. August 16, 1929 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors panicked after reports about the bank president's illness (boil/carbuncle) leading to heavy withdrawals
Measures
Hired extra tellers, stationed attendants to hand out withdrawal slips, brought $14,000,000 from Brooklyn Trust, police maintained order; state examiner issued reassuring letter
Newspaper Excerpt
they summoned Dr. Lewis back by wire...excited depositors today rushed right past Being warned...They hired nine extra tellers...brought over from the Brooklyn Trust company in an armored truck $14,000,000
Source
newspapers

Newspaper Articles (3)
1. August 16, 1929 The Herald-Sun Durham, NC
Article from The Herald-Sun, August 16, 1929

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Article Text

Put Bank Prexy In Bed, And Then Started Run On His Savings Bank. eral days To head off. they summoned Dr. Lewis back by wire and appealed to Joseph A. Broderick, state superintend of Broderick wrote a letter, in which be stated that bank aminers had found the Institution to be in excellent condition, and the bank officials posted it the entrance But excited depositors today rushed right past Being warned. the bank's officials net about in methodical way to take care of the rush. They hired nine extra tellers, making total of 17 they stationed tendants at the door to hand out withdrawal slips to the depositAnd they brought over from the Brooklyn Trust company in an armored truck $14,000,000 they in reserve there. Police were to keep the mill ing crowd in order. By closing one of the 17 tellers had been from window to receiving window In the meantime bank officials were kept busy to other banks that fered help.

2. August 17, 1929 The Cleveland Press Cleveland, OH
Article from The Cleveland Press, August 17, 1929

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Article Text

"Investors" Happy HUCKINS of has been paying vestors" 26 per their The to know not why, but how Huckins lawsays that due legal idea, that Huckins ready give himself He says further that the government has no cause action, no fraud has been committed, and that "investor" has thus far complained Anywhere but on Wall Street, cent enough to cause sus picion. On Wall however, seems the prevailing call Many the recent stock speculawith per cent on the original value sight. Maybe Huckins has merely discovered the secret of watering capital. As Barnum said, the American people like to be they like field better than that finance. What more surprising, they like either way, being ready join run on the bank, to margin shares, with no more than rumors tips This was vividly out by what the ings Bank of Brooklyn Wednesday.

3. August 17, 1929 The Philadelphia Inquirer Philadelphia, PA
Article from The Philadelphia Inquirer, August 17, 1929

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Article Text

Boil Proves to Will Bankers Are Human Inquirer BEVERLY HILLS, Calif., Aug. 16.-A banker, head of savings bank Brooklyn, had boil his neck, the Brooklynites heard of it, started the bank and drew out fifteen million dollars before the poor fellow could prove to them that financiers are part human and can have If Andy Mellon ever gets carbuncle see Brooklyn seceding from the Union. Mr. Hoover going to talk us at tomorrow (Saturday) on "The advantages of Virginia to spend Sunday in, the tariff, catfish and disarmament."