gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e8c107eb35051db7
Response Measures
None
Events (1)
1.August 10, 1910Run
Cause
Rumor Or Misinformation
Cause Details
Purchaser stopped payment on a check for a mule; payee spread false report that the bank had ceased payments, triggering withdrawals.
Random Run
Yes
Random Run Snippet
Payee spread false report that bank had ceased payments; corrected
Measures
Bank officials exhibited $50,000 in cash to reassure depositors and stop the run.
Newspaper Excerpt
A mule trade caused a run on the South Louisville bank today. The mule's purchaser gave a check and then stopped payment, The seller spread false reports about the bank, and the run followed. It was stopped when the bank officials exhibited $50,000 in cash.
Source
newspapers
Newspaper Articles (7)
1.August 10, 1910The Washington TimesWashington, DC
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Article Text
BANK RUN OPENED BY MULE TRADE LOUISVILLE, Ky., Aug, 10.-A mule trade caused a run on the South Louisville bank today. The mule's purchaser gave a check and then stopped payment, The seller spread false reports about the bank, and the run followed. It was stopped when the bank officials exhibited $50,000 in cash.
2.August 11, 1910Evening StarWashington, DC
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Article Text
MULE CAUSES RUN ON BANK. Trouble Comes When Purchaser Stops Payment of Check. LOUISVILLE, Ky., August 11.-A mule's death was responsible for a run on the South Louisville Band yesterday. A depositor Monday purchased the animal, giving in payment a check for $75. That night the animal died. Suspecting that he had been "stung" the purchaser stopped payment. The payee presented the check just before the bank closed and payment was refused. He left, spreading a report that the bank had ceased payments. More than one hundred depositors were in line seeking to withdraw their savings when the bank opened yesterday. By noon the real cause of the "run" had been learned and it stopped.
3.August 11, 1910The Ogden StandardOgden, UT
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Article Text
DEATH OF A MULE STARTS RUN ON BANK. Louisville, Ky., Aug. 11.-A mule's death was responsible for a run on a South Louisville bank yesterday, A depositor on Monday purchased the animal, giving in payment a check for $75. That night the animal died. Suspecting that he had been "stung," the purchaser stopped payment. The payee presented the check just before the bank closed and payment was refused. He left. spreading a report that the bank had ceased payments. More than 100 depositors were in line seeking to withdraw their savings when the bank opened yesterday. By noon the real cause of the "run" had been learned, and It stopped.
4.August 12, 1910Los Angeles HeraldLos Angeles, CA
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Article Text
DEATH OF MULE STARTS RUN ON KENTUCKY BANK LOUISVILLE, Ky., Aug. 11.-The death of a mule was responsible for a run on a South Louisville bank yesterday. A depositor on Monday puschased the animal, giving in payment a check for $75. That night the animal died. Suspecting that he had been "stung" the purchaser stopped payment. The payee presented the check just before the bank closed and payment was refused. He left, spreading the report that the bank had ceased payment. More than 100 depoistors were in line seeking to withdraw their savings when the bank opened yesterday. By noon the real cause of the run had been learned and it was stopped.
5.August 12, 1910East Oregonian : E.OPendleton, OR
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Article Text
MULE STARTS RUN ON KENTUCKY BANK Louisville, Ky.-A mule's death was responsible for a run on a South Louisville bank Wednesday. A depositor on Monday purchased the animal, giving in payment a check for $75. That night the animal died. Suspecting that he had been "stung," the purchaser stopped payment. The payee presented the check just before the bank closed and payment was refused. He left, spreading a report that the bank had ceased payments. More than 100 depositors were in line seeking to withdraw their savings when the bank opened Wednesday. By noon the real cause of the run had been learned and it stopped.
6.August 12, 1910The Salt Lake TribuneSalt Lake City, UT
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Article Text
MULE'S DEATH CAUSES RUN ON THE BANK LOUISVILLE, Ky., Aug. 11.-A mule's death was responsible for a run on a south Louisville bank yesterday. A depositor on Monday purchased the animal, giving in payment a check for $75. That night the animal died. Suspecting that he had been "stung" the purchaser stopped payment. The payee presented the check just before the bank closed and payment was refused. He left, spreading a report that the bank had ceased payments. More than 100 depositors were in line seeking to withdraw their savings when the bank opened yesterday. By noon the real cause of the "run" had been learned. and it stopped.
7.August 25, 1910The Hawaiian StarHonolulu, HI
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Article Text
DEAD MULE DID IT. LOUISVILLE, Ky., August 11.-A mule's death was responsible for a run on the South Louisville Bank yesterday. A dispositor Monday purchased the animal, giving in payment a check for $75. That night the am- 6
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.