Peoples Savings Bank (Evansville, IN)

Episode Information

Episode UID
71000371111
Episode Type
Run Only
Bank Type
savings
Bank ID
7100037 routing
Routing Number
71-0003
Start Date
July 24, 1892
Location
Evansville, Indiana (37.975, -87.556)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9dadf069ef215dcf

Response Measures

None

Events (1)

1. July 24, 1892 Run
Cause
Rumor Or Misinformation
Cause Details
A practical joker circulated a canard/joke that magnified and caused depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
A joke/canard circulated by a practical joker; false report
Measures
All depositors were paid promptly; bank paid out withdrawals and reassured public; had large cash reserves to meet claims.
Newspaper Excerpt
A silly joke caused a small run on the People's Savings Bank.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, July 24, 1892

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Article Text

RUN ON A BANK CAUSED BY A JOKE. Evansville, Ind., July 23.-A silly joke caused a small run on the People's Savings Bank. About $3,800 was withdrawn, mostly small savings of poor people. The bank Is said to be in sound condition, and has $500,000 in its vaults, and can pay out every dollar of its liabilities and have a big surplus left.


Article from Evening Star, July 26, 1892

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Article Text

The strike of Wabash railroad men in Indiana has ended in a complete victory for the men. A joke started a run on the People's Savings Bank at Evansville, Ind., which weathered the gale safely.


Article from The True Northerner, July 27, 1892

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Article Text

THE BANK STOOD THE RUN. A Panic Caused by a Joke Makes Depositors Draw Their Money. At Evansville, Ind., a run was started on the People's Savings Bank. and at the closing hour about $40,000 had been paid to frightened depositors. The panic was started by a joke that magnifed as it went the rounds and finally became serious. Many poor people were at the bank at daylight, SO anxious were they. All depositors were paid promptly without a question. The bank is solid and has a surplus over moneys deposited They have in cash over $500,000 to meet claims and can raise $250,000, if needed, from other banks.


Article from The Russellville Democrat, July 28, 1892

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Article Text

A Silly Joke. EVANSVILLE, IND., July 23. - A silly joke caused a small-sized run on the People's Savings Bank to lose about $380, withdrawn mostly from small saving poor people. The bank, however, is said to be in a sound condition, and has $50,000 in the vaults and can pay out every dollar of its liabilities and have a big surplus left.


Article from Iron County Register, July 28, 1892

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Article Text

Run on n Bank. EVANSVILLE,Ind..July 24.-A run was started yesterday on the People's Savings bank and at the closing hour about $40,000 had been paid to frightened depositors. The panic was caused by a joke that magnified as it went the rounds, and finally became serious. Many poor people were at the bank at daylight yesterday morning, so anxious were they. All depositors were paid promptly without a question. The bank is solid. and has a surplus over moneys deposited. They have in cash over $500,000 to meet claims and can raise $250,000 more, if needed.


Article from The Bolivar Bulletin, July 29, 1892

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Article Text

Run on a Bank. to EVANSVILLE, Ind. July 24.s run was started yesterday on the People's Savings bank and at the closing hour about $40,000 had r een paid to frightened depositor The panic was caused by a joke that magnified as it went the rounds, and finally became serious Many poor people were at the bar at daylight yesterday morning, 60 anxious were they. All depositors were paid promptly withouta question. The bank is solid, and has a surpl us over moneys deposited. They have in cash over $500,000 to meet claims and can raise $250,000 more, if needed. T


Article from Pierre Weekly Free Press, August 4, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in & well regulated penitentiary.


Article from The Princeton Union, August 4, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in a well regulated penitentiary.


Article from Courier Democrat, August 11, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in a well regulated penitentiary.


Article from The Bottineau Pioneer, August 13, 1892

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Article Text

A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five nirthful years in a well regulated peniten' "y.