Dime Savings Institution (Newark, NJ)

Episode Information

Episode UID
6246762290911
Episode Type
Run Only
Bank Type
savings
Bank ID
624676229 hash
Start Date
November 12, 1875
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fbbbbd2134ccd824

Response Measures

None

Events (1)

1. November 12, 1875 Run
Cause
Bank Specific Adverse Info
Cause Details
Alarm caused by the recent failure of A. M. Reynolds, a private banker who was a manager of the institution.
Measures
Clerks paid depositors promptly throughout the day; doors kept open during the evening; president announced reopening next morning.
Newspaper Excerpt
A run was made to-day upon the Dime Savings Institution by small depositors, caused by the recent failure of A. M. Reynolds, private banker, who was a manager in the institution.
Source
newspapers

Newspaper Articles (11)

Article from Memphis Daily Appeal, November 13, 1875

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Article Text

Run on a Savings Bank. NEWARK, N. J. November 12.-A ruu was made to-day upon the Dime savings institution by small depositors, caused by the recent failure of A. M. Reynolds, private banker, who was a manager in the institution. The crowd was so great that policement were required al the doors. The institution has over two million dollars of deposits safely invested, and ample funds to meet the emergency. The doors were kept open during the evening to meet the demand.


Article from The Wheeling Daily Intelligencer, November 13, 1875

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Article Text

Run on H Savings Bank. NEWARK, N. J., November 12.-A run was made to-day upon the Dime Savings Institution by small depositors, alarmed by the recent failure of A. M. Reynold's private bank, who was n manager in this institution. The crowd was so great that policemen were required at the doors. This institution has over $2,000,000 deposits safely invested and ample funds to meet the emergency. The doors were kept open during the evening to meet the demand.


Article from The Wheeling Daily Register, November 13, 1875

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Article Text

Run on a Savings Bank. NEWARK, November 12.-A run was made to-day upon the Dime Savings Institution by small depositors, who were alarmed by the recent failure of A. M. Reynolds, it private banker, who was a manager in the institution. The crowd was so great that policemen were required at the doors. The institution has over $2,000,000 savely invested and ample funds to meet an emergency. The doors were kept open during the evening to meet the demand.


Article from Daily Kennebec Journal, November 13, 1875

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Article Text

NEW JERSEY. Run on a Savings Bank. Newark, November 12. A run was made today, upon the Dime Savings Institution by small depositors, alarmed by the recent failure of A. M. Reynolds, a private banker, who was a manager in the Institution. The crowd was so great that the police were required at the doors. The Institution has over two million dollars in deposits, safely invested, and has ample funds to meet all demands. The doors were kept open during the evening to meet the demanda.


Article from Gold Hill Daily News, November 13, 1875

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Article Text

Bank Besieged. NEWARK, N.J., November 12. There was a run to-day upon the Dime Sav. ings Bank by some depositors, alarmed by the recent failure of William Reynolds, private banker, who was manager of the institution. The crowd was FO great police were required at the doors. The bank has over $2,000,000 safely invested, and ample funds to meet any emergency.


Article from The Rutland Daily Globe, November 13, 1875

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Article Text

A Run on a Savings Bank. NEWARK, N. J., Nov. 12. A run was made to-day upon the Dime savings institution by small depositors, alarmed by the recent failure of A. M. Reynolds, a private banker who was a manager in the institution. The crowd was SO great that polimen were required at the doors. The clerks are paying all the depositors, intending to continue as long as their strength will endare. The institution has $200,000 of deposits safely invested, and ample funds to meet the emergency. The doors were kept open during the evening to meet demands.


Article from The New York Herald, November 13, 1875

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Article Text

RUN ON A BANK. NEWARK. N. J., Nov. 12, 1875. A run was made to-day upon the Dime Savings Institution by small depositors, alarmed by the recent failure ot A. M. Reynolds, a private banker, who was a manager- in the institution. The crowd was so great that policemen wese required at the doors. The clerks are paying all the depositors, intending to continue as long as their strength will endure. The institution has over $2,000,000 of deposits safely invested, and ample funds to meet the emergency. The doors were kept open during the evening to meet the demand.


Article from Chicago Daily Tribune, November 13, 1875

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Article Text

NEWARK, N.J. NEWARK, N. J., Nov. 12.-A run was made today upon the Dime Savings Institution by small depositors, slarmed by the recent failure of William Reynolds, private banker, who was a manager in the institution. The crowd was BO great that policemen were required at the doors. The institution has_over $2,000,000 in deposits safely invested, and ample funds to meet the emergency. The doors wore left open during the evening to meet the domand.


Article from Knoxville Daily Chronicle, November 14, 1875

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Article Text

LATEST NEWS BY TELEGRAPH. HOME NEWS. Wants to Face the Music and Take the Punishment. Another Revenue Official Indicted at St. Louis. ST. Louis, Nov. 13.-Arthur Gunther, Revenue Agent, indicted for receiving money to withhold information of whisky and tobacco frauds, plead not guilty, and was held in $5,000 bail Col. Joyce has withdrawn his motion for s new trial and asked for judgment. He says he is tired of being passed backward and forward for the benefit of others, and that he is ready to face the music and take the punishment. WORCESTER, Mass., Nov. 18.-Rev-Jas. B. Miles, D. D., Secretary of the American Peace Society, and General Secretary of the Association for the Reform and Codification of the Laws of the Nation, died here this morning after two days illness. NORWICH, CT., Nov. 13.-The Santinet Mill at Plainfield, R. I., has been burned. Loss, $60,000. SAN FRANCISCO, Nov. 13.-The Revenue steamer Walcott, cruizing for survivors from the Pacific, was boarded in Barclay Sound from the Indian village by a man claiming to be first mate of the ship Orpheus. He said she had been run into the previous Thursday evening by a steamer, was wrecked, and the following Saturday the crew got ashore safely. Capt. Sawyer, of the Orpheus, subsequently boarded the Walcott, and says the Orpheus will prove a total wreck. There is no hope of finding any more survivors from the Pacific. The $30,000, gold, race for 4 mile heats was postponed on account of rain. HUDSON, N. Y., Nov. 13.-Eliza A. Stone was acquitted of the charge of poisoning her husband. The case of Daniel G. Bosworth, who was indicted as an accessory, was nolle prosequied. PHILADELPHIA, Nov. 13.-The sloop-of war Antiedam, commenced 11 years ago, was launched to-day. PITTSBURG, Nov. 13.-Joseph Sansberry, who was indicted for killing Col. Butler in 1864, has been acquitted. LOUISVILLE, Nov. 13.-The jury in the case of the United States against William Linoot Geo. Meffert, John Owan and Geo. t Hall, charged with conspiracy against the I Government and with intimidating Willis Russell, Acting U. S. Marshal, in the disa charge of his duties, returned a verdict this t morning of guilty as to Linoot and Meffert, c but recommended Meffert to the mercy of t the Court on account of his ill health. The k men are all implicated in the Owen kuklux outrages. it TRENTON, Nov. 13.-The limited express h for New York from Philadelphia was off f the track at Stillham Junction, near this f city, at 2:26 o' clock this evening, and stopped all travel up to 7:30 this evening. No t one hurt. The express struck a freight train that was crossing the track. o NEWARK, N. J., Nov. 13. - -The run on the Dime Savings Bank continued to-day. and was met by prompt payments. At the t regular hour for closing the crowd was unU abated, when the President announced that t the bank would re-open as usual at 7 o'clock next morning.


Article from The New York Herald, November 14, 1875

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Article Text

NEWARK SAVINGS BANK SCARE. The run on the Dime Savings Bank, of Newark, continued yesterday, and was met by prompt payments. At four o'clock, the regular hour for closing, the crowd was unabated. Then the President announced that the bank would reopen as usual at seven o'clock. in the evening. Upward of $70,000 were paid during the day. No doubts are felt of their ability to hold out to the end of the run. The sworn statement of the bank shows that it has ample funds to meet all demands. It to as follows:


Article from The Rutland Daily Globe, November 15, 1875

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Article Text

The Savings Bank Run Ended. NEWARK, N.J., Nov. 14. The Dime savings bank excitement has completely subsided for the present. The doors of the bank were opened at seven o'clock last evening to receive deposits only as usual Saturday evenings. There was no disturbance and a number of deposits were received.