gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3fd43809aac521a4
Response Measures
None
Events (2)
1.December 7, 1898Receivership
Newspaper Excerpt
will go into the hands of a receiver.
Source
newspapers
2.December 7, 1898Suspension
Cause Details
Article states suspension and impending receivership but gives no immediate cause
Newspaper Excerpt
The American Savings Bank, 35 Broad street ... suspended payment yesterday
Source
newspapers
Newspaper Articles (1)
1.December 8, 1898The County RecordKingstree, SC
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Article Text
The American Savings Bank, 35 Broad street, W M Counor' President, suspended payment yesterday and will go into the hands of a receiver.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.