Article Text
Run on a Bank. Cleveland, Ohio, Jan. 2.-Late this afternoon a run was started on the Dime Savings and Banking company, of which Everett & Moore are directors. All demands were promptly met.
Dime Savings & Banking Company (Cleveland, OH)
Episode Information
- Episode UID
9267202791225- Episode Type
- Run → Suspension → Reopening
- Bank Type
- savings
- Bank ID
-
926720279hash - Start Date
- January 2, 1902
- Location
- Cleveland, Ohio (41.499, -81.695)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
7c3827fc0137adb3
Response Measures
None
Events (2)
1.
January 2, 1902
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Run started after announcement of financial embarrassment of Everett & Moore syndicate, directors of the bank.
- Measures
- Bank informed depositors that sixty days' notice would be required for withdrawals; met demands and stated ample funds on hand.
- Newspaper Excerpt
- the run was started yesterday afternoon as the result of an announcement of the financial troubles of Everett and Moore, directors of the institution.
- Source
- newspapers
2.
January 3, 1902
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank invoked the statutory 60-day notice rule to limit immediate withdrawals after the run tied to Everett & Moore troubles.
- Newspaper Excerpt
- They were informed that a notice of sixty days from each depositor of the amount to be withdrawn would be required.
- Source
- newspapers
Newspaper Articles (11)
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Article Text
A RUN s ON A CLEVELAND BANK The Depositors Are Told That They Must Give Sixty Days' Notice Before They Can Withdraw Their Funds. THE RUN WAS STARTED BY A RUMOR ABOUT TWO DIRECTORS Cleveland, O., Jan. 3.-When the Dime Savings and Banking Company opened today a big crowd was in waiting to draw out deposits. They were informed that a notice of sixty days from each depositor of the amount to be withdrawn would be required. The run was started yesterday afternoon as the result of an announcement of the financial troubles of Everett and Moore, directors of the institution.
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Article Text
Run on a Bank Cleveland, O., Jan. 2.-As the result of the financial embarrassment of the Everett-Moore syndicate a run was started on the Dime Savings and Banking Company of which Messrs. Everett and Moore are directors, late this afternoon. All demands were promptly met and President Watterson said the bank had ample funds on hand to pay all depositors who desired their "money. Th K institution is one of the city depositories. When its last report was issued in October the bank's total resources were placed at $5,762,007. including a surplus fund of $335.000.
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Article Text
Run on a Cleveland Bank. CLEVELAND O., Jan. 3.-As a result of the announcement of the financlal embarrassment of the EverettMoore syndicate a run was started on the Dime Savings and Banking company. of which Messrs. Everett and Moore are directors. All demands were promptly met, and President Watterson said the bank had ample funds on hand to pay all depositors who destred their money. The institution is one of the city depositories. When its last report was issued in October. the bank's total resources were placed at $5,762,007. including a surplus fund of $335,000.
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Article Text
Run on a Cleveland Bank. CLEVELAND, O., Jan. 3.-As a result of the announcement of the financial embarrassment of the EverettMoore syndicate a run was started on the Dime Savings and Banking company, of which Messrs. Everett and Moore are directors. All demands were promptly met, and President Watterson said the bank had ample funds on hand to pay all depositors who desired their money. The institution is one of the city depositories. When its last report was issued in October, the bank's total resources were placed at $5,762,007, including a surplus fund of $335,000.
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Article Text
RUN ON A BANK BLOCKED Cleveland Depositors Neatly Stood off. CLEVELAND, Ohio, Jan. 3.-When the Dime Savings and Banking Co., opened today a big crowd was in waiting to draw out their deposits. They were informed a notice of sixty days from each depositor of the amount to be withdrawn would be required The run was started yesterday as a result of the announcement of the financial troubles of Everett and Moore, directors of the institution.
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Heating stoves at reduced prices at Jones Hardware Cr. Run on Savings Bank Stopped. Cleveland. O., Jan. 3.-The run on the Dime Savings and Banking company started yesterday and caused the embarrassment of the EverettMoore syndicate was checked today by the bank taking advantage of the provision that sixty days notice of withdrawal must be given the directors. They state that the assets are more than sufficient to pay all liabilities and leave the stock intact. Heating stoves at reduced prices at Jones Hardware Co.
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RUN ON THE BANK Cleveland, Ohio, Jan. 3.-Fearing the dime savings bank of this city was involved in the Everett-Moore Syndicate trouble, a run was started on the bank today. 400 people were at its door at 9 o'clock. The bank gave notice that everybody would be paid but would take advantage of the 60 days law.
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Run on Bank. CLEVELAND, O., January 3:-The officers and others interested in the Dime Savings and Banking Company, have authorized the following statement regarding the run on that institution growing out of the fact that members of the Everett-Moore syndicate are isterested in the management of the bank: "There is no questic as to the soundness of the bank and that every depositor will be paid. The bank carries abundant securities for all deposits, and if unusual demand is made the bank will enforce the rule requiring sixty days' notice."
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When discovered by the police the husband and four other children were found crouched on the floor. The baby was sent to a hospital and the children are now being cared for by the children's society. Chicago, Jan. 3.-The Crane company has distributed among its employees the sum of $125,000 as a Christmas gift in recognition of the service rendered the firm during the prosperous year enjoyed by the company just closed. Every person in the employ of the company from office boys to the treasurer-3,500 men and women in all-received a sum equivalent to five per cent of the money each has earned in 1901. No limit was put on length of service, men only a month at work got five per cent of that month's wages. Rochester, N. Y., Jan. 3.-A message from Medina says a passenger train and freight train came together head on at 8:15 this morning on the New York Central. Both engines were smashed. The wreck caught fire and the trains are now burning. The fire communicated to the depot which was burned. Two persons were injured. Cleveland, Ohio, Jan. 3.-Fearing the Dime Savings Bank of this city was involved in the Everett-Moore syndicate trouble, a run was started on the bank. Four hundred people were at its doors at nine o'clock. The bank gave notice that everybody would be paid, but that it would take advantage of the sixty days' law.
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Article Text
CAUSED RUN ON BANK. Failure of Big Ohio Syndicate Alarms Patrons of Savings Institution. As a result of the announcement of the financial embarrassment of the Ev. erett-Moore syndicate at Cleveland, O., a run was started on the Dime Savings and Banking Company, of which Messrs. Everett and Moore are directors, late Thursday afternoon. All demands were promptly met, and President Watterson said the bank had am ple funds on hand to pall all depositors who desired their money.