Article Text
. ARMOUR & Co. did the square thing in preventing a run on the Chicago bank. It was wise.
Chicago Bank (Chicago, IL)
Episode Information
- Episode UID
2257222591122- Episode Type
- Run Only
- Bank Type
- state
- Bank ID
-
225722259hash - Start Date
- June 1, 1893*
- Location
- Chicago, Illinois (41.850, -87.650)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
829cd773bf32a00f
Response Measures
None
Description
Articles refer to an unnamed Chicago bank (not explicitly the named institution).
Events (1)
1.
June 1, 1893*
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- An alarmed depositor withdrew several thousand dollars, sparking heavy withdrawals (panic not tied to insolvency).
- Measures
- Assistance/prevention of run credited to Armour & Co.; bank managed to survive the withdrawals.
- Newspaper Excerpt
- An alarmed depositor of a Chicago bank a few days ago drew out his deposit... and thereby caused a heavy run on the bank. The bank survived the run...
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
AN ALARMED An alarmed depositor of a Chicago bank a few days ago drew out his deposit, amounting to several thousand dollars, and thereby caused a heavy run on the bank. The bank survived the run, but the man who caused it was robbed of every cent on the way home.