Articles (Oct 7–11, 1906) report a sensational run triggered by a false street rumor. Depositors were reassured and replaced their money; no suspension or closure mentioned.
Events (1)
1.October 7, 1906Run
Cause
Rumor Or Misinformation
Cause Details
A false street rumor claimed the bank was in an unstable condition; officials said the rumor was entirely false.
Random Run
Yes
Random Run Snippet
Rumor claimed bank was unstable; rumor was false and corrected
Measures
Bank officials reassured depositors; sufficient funds on hand; depositors replaced their money.
Newspaper Excerpt
Depositors of the Citizens' Trust and Savings Bank in this city made a sensational run on the bank Saturday as a result of a rumor on the streets that the bank was in an unstable condition. After a time the excitement quieted down and after being assured that the rumor was false the depositors replaced their money in the hands of the bank.
Source
newspapers
Newspaper Articles (2)
1.October 8, 1906The Richmond PalladiumRichmond, IN
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Article Text
RUN ON AN INDIANA BANK DUE TO A FALSE REPORT Depositors Upon Finding Rumors Untrue, Replaced Their SavingsDoubt as the Origin of the Trouble. Princeton, Ind., Oct. 7. (Spl.)Depositors of the Citizens' Trust and Savings Bank in this city made a sensational run on the bank Saturday as a result of a rumor on the streets that the bank was in an unstable condition. After a time the excitement quieted down and after being assured that the rumor was false the depositors replaced their money in the hands of the bank. The rumor was entirely false and the officials of the bank are at a loss to know where it came from. Sufficient funds were on hand to supply the rush of depositors.
2.October 11, 1906The Plymouth TribunePlymouth, IN
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Article Text
Sensational Run on Princeton Bank. Depositors of the Citizens' Trust and Savings Bank at Princeton, Ind., made a sensational run on the bank as a result of a rumor on the streets that the bank was in an unstable condition. After a time the excitement quieted down and after being assured that the rumor was false the depositors replaced their money in the hands of the bank. The rumor was entirely false and the officials of the bank are at a loss to know where it came from. Sufficient funds were on hand to supply the rush of depositors.
