Deposit Bank (Glasgow, KY)

Episode Information

Episode UID: 8130808091105
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 813080809 hash
Start Date: January 29, 1892
Location: Glasgow, Kentucky (36.996, -85.912)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 9cc71f6355b2feaf

Response Measures

None

Description

Later reports mention the cashier was a $25,000 defaulter and became insane; immediate trigger reported as a rumor.

Events (3)

1. January 29, 1892 Receivership

Newspaper Excerpt: The Deposit Bank of Glasgow closed its doors yesterday afternoon after a big run... then suspended payment, and made an assignment.
Source: newspapers

2. January 29, 1892 Run

Cause: Rumor Or Misinformation
Cause Details: A circulating rumor that the bank had failed prompted mass withdrawals across the county.
Measures: Paid out all available funds and continued to pay withdrawals until reserves exhausted.
Newspaper Excerpt: A rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money.
Source: newspapers

3. January 29, 1892 Suspension

Cause: Rumor Or Misinformation
Cause Details: After the run provoked by the rumor, the bank suspended payment and made an assignment.
Newspaper Excerpt: The bank paid out all its available funds and then suspended payment and made an assignment.
Source: newspapers

Newspaper Articles (12)

1. January 30, 1892 The Morning News Savannah, GA

Article from The Morning News, January 30, 1892

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Article Text

A Run Closes a Bank. LOUISVILLE, Ky., Jan. 29.-The Deposit Bank of Glasgow closed its doors yesterday afternoon after a big run. A rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment, and made an assignment. Its assets will considerably exceed the liabilities, and every depositor will be paid in full.

2. January 30, 1892 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, January 30, 1892

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Article Text

Closed by a Run. LOUISVILLE, Ky., Jan. 28.-[Special]The Deposit Bank at Glasgow closed its doors yesterday afternoon after a big run. The rumor started in some way that the bank had failed. and soon after every depositor in the county was calling for his money. The bank paid out all the available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities and every depositor will be paid in full.

3. January 30, 1892 The Morning Call San Francisco, CA

Article from The Morning Call, January 30, 1892

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Article Text

Closed Its Doors. LOUISVILLE, Jan. 9.-The deposit bank at Glasgow has closed its doors owing to a run on it brought about by rumor that the bank had failed. The bank paid out all its available funds and then assigned. It is stated every depositor will be paid in full.

4. January 30, 1892 Grand Rapids Herald Grand Rapids, MI

Article from Grand Rapids Herald, January 30, 1892

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Article Text

Called for Their Maney. LOUISVILLE, Ky., Jan. 29.-The deposit bank at Glasgow closed its doors Thursday after a big run. A rumor started in some way that the bank had failed and soon after every depesitor in the county was calling for his money. The bank paid out all of its available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities and every depositor will be paid in full.

5. January 30, 1892 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, January 30, 1892

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Article Text

Run on a Bank. LOUISVILLE, Ky., Jan. 29.-The Deposit bank at Glasgow has closed its doors. owing to a run on it, brought about by a rumor that the bank had failed. The bank paid out all its available funds and then assigned. It states that every depositor will be paid in full.

6. January 30, 1892 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, January 30, 1892

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Article Text

A Deposit Bank Fails. LOUISVILLE, Jan. 29.-The deposit bank at Glasgow has closed its doors owing to a run on it brought about by a rumor that the bank hed failed. The bank paid out all its available funds and then assigned. It is stated every depositor will be paid in full.

7. February 2, 1892 Evening Star Washington, DC

Article from Evening Star, February 2, 1892

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Article Text

The Deposit Bank at Glasgow, Ky., has suspended payment and made an amignment.

8. February 3, 1892 Watertown Republican Watertown, WI

Article from Watertown Republican, February 3, 1892

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Article Text

Kentucky Bank Closes Its Door. LOUISVILLE, Ky., Jan. 29.-The Deposit Bank, at Glasgow, closed its doors yesterday, after a big run. A rumor started in some way that the bank had failed, and soon after every depositorin the county was calling for his money. The bank paid out all its available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities.

9. February 3, 1892 Daily Tobacco Leaf-Chronicle Clarksville, TN

Article from Daily Tobacco Leaf-Chronicle, February 3, 1892

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Article Text

Bank Closed. BOWLING GREEN, Ky., Feb. 1.-The Deposit bank of Glasgow, Ky., closed its doors Friday, the result of a run for want of confidence in the management. It is said they will pay dollar for dollar.

10. February 4, 1892 Eagle River Review Eagle River, WI

Article from Eagle River Review, February 4, 1892

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Article Text

Kentucky Bank Closes Its Door. LOUISVILLE, Ky., Jan. 29.-The De posit Bank, at Glasgow, closed its door yesterday, after a run. A rumo failed, and soon after started in some way that the bepostory the county was calling for his The bank paid out all its available fund and then suspended payment and mad an assignment. Its assets will consit erably exceed the liabilities.

11. February 11, 1892 Lewiston Teller Lewiston, ID

Article from Lewiston Teller, February 11, 1892

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Article Text

Not a Bad Failure. LOUISVILLE, Ky., Jan. 30.-The Deposit bank at Glasgow has closed its doors, owing to a run on it brought about by a rumor that the bank bad failed. The bank paid out all its available funds, and then assigned. It is stated that every depositor will be paid in full.

12. February 11, 1892 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, February 11, 1892

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Article Text

Bank Cashier Becomes Insane. LOUISVILLE, Ky., Feb. 4.-Judge John Ritter, cashier of the Deposit Bank of Glasgow, which failed a few days ago, is a defaulter in the sum of $25,000 and insane. Yesterday morning the judge went to the bank early and returned home about 10 o'clock. A few minutes later some farm hands working in a field in the rear of Judge Ritter's house saw him rushing across the field yelling and crying for help. He was perfectly nude, without even shoes or stockings on his feet. The once prominent citizen and cashier was a raving maniac. He was overpowered after a long chase and desperate struggle. The physicians pronounce the affliction a case of acute insanity, brought on by great mental strain. The cause of Judge Ritter's financial trouble is assigned to injudicious speculations during the past three years. Just before the failure was announced Judge Ritter turned over all of his property, worth about $10,000, to the bank.