gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
70676375eae87286
Response Measures
None
Events (3)
1.July 17, 1930Run
Cause
Bank Specific Adverse Info
Cause Details
Suicide of longtime director William A. Thrall precipitated panic and heavy withdrawals amid existing rumors of instability.
Measures
Bank closed its doors; placed under control of State Bank Examiner.
Newspaper Excerpt
Four hours after William A. Thrall...committed suicide...the West Rutland Trust Company closed its doors...following a run on the bank which started soon after the shooting had been discovered.
Source
newspapers
2.July 17, 1930Suspension
Cause
Government Action
Cause Details
State Bank Examiner Robert C. Clark took charge of the institution after heavy withdrawals and closure.
Newspaper Excerpt
Run...ended only when the bank closed its doors and was placed in charge of the state bank examiner.
Source
newspapers
3.August 23, 1930Receivership
Newspaper Excerpt
Knapp named receiver of the West Rutland Trust Company which been closed since July 17, when Banking Commissioner Robert Clark...took charge of the institution.
Source
newspapers
Newspaper Articles (19)
1.July 18, 1930The Springfield Daily RepublicanSpringfield, MA
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Article Text
RUN ON BANK FOLLOWS SUICIDE
Bank Examiner at Rutland, Unable to Say Whether Institution Will Reopen A. Thrall Dead Rutland, July Echoes the shot with which 75director the West Rutland Trust company killed himself today flew down the streets from to man and started run which ended when the bank closed its doors and charge of the state bank examiner. William A. Thrall, elderly secretary and member of the board, had been dead by his only hours when State Bank Examiner Robert from behind doors he could not say the ban:: reopen. Working People's Bank The West is small posit their meager earnings. Since first depression well big had been less frequent. The had made the which bankrupt several During recent weeks had several large only ago of the company's officers. Carroli Rose West Rutland Rollin Richmond the presidency and Fred His office signed taken temporarily by HarThe bank old and $1,233,279, with of
2.July 18, 1930The Springfield Daily RepublicanSpringfield, MA
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Article Text
RUN ON BANK FOLLOWS SUICIDE
Bank Examiner at Rutland, Vt., Unable to Say Whether Institution Will Reopen Thrall Dead Rutland, July Echcoes the shot with which director of the West Rutland Trust killed himself today flew down the streets from man to and run which ended when the bank closed its doors in charge of the state William Thrall, elderly the board, had been dead by his when Bank Robert Clark from behind the doors of the company he could whether the bank would reopen. say Working People's Bank The Rutland people's bank. their the depression has them as big and deposits, officials indicated, had been pany smaller and frequent. made large The which bankrupt During recent weeks there large only few days brief the officers. West Rutland Carroll succeeded the His signed taken by Harold 25 old and bank years assets with deposits
3.July 18, 1930The Duluth News TribuneDuluth, MN
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Article Text
Run on Bank Results From Suicide of Director
RUTLAND, VT., July director of the West Rutland Trust company today run on the bank until were closed was placed charge of the state bank examiner. William Thrall, elderly secretary and member the board, had been dead his own hand only few hours the state bank examiner, Robert Clark of Montpelier. nounced tonight from behind the barred doors of the he could not yet say whether the bank would reopen.
4.July 18, 1930The Des Moines RegisterDes Moines, IA
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Article Text
BANKER KILLS SELF; RUN CLOSES BANK of the shot with which William A. Thrall. 75-year-old director of the West Rutland Trust company killed himself Thursday flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge of the state bank examiner
5.July 18, 1930St. Louis Post-DispatchSt. Louis, MO
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Article Text
RUN CLOSES VERMONT BANK AFTER DIRECTOR ENDS LIFE
Examiner Takes Charge of West Rutland Trust Co. Following Heavy Withdrawals. RUTLAND, Press. July 18.-Following the suicide of William A. Thrall yesterday, a run was started on the West Rutland Trust Co., of which he was secretary and director, which ended only when the bank closed Its doors and was placed in charge of the State Bank Examiner. The examiner. Robert C. Clark of Montpelier, announced he could not yet say whether the bank would reopen. The West Rutland Trust Co. is a working people's bank, where laborers, small farmers and small merchants deposit their earnings. The company made large loans to the Buck Lumber Co. of this city, which went into bankrutpey several months ago.
West Rutland Bank Director, Thrall, Commits Suicide And "Run" Bank Follows on
Ill With Lumbago
Depositors, Uneasy Because of Rumors Trust Company was in Weak Condition. Flock to Institution to
Withdraw Closes In Rutland County to Suspend
Within Last Few Weeks
(Special the Press) July director of committed suicide shooting himself through the heart, the West Rutland Trust Company closed its 1:30 o'clock this afternoon. following which started soon after of the shooting been learn-
Depositors, uneasy because of conduring the that the bank unsteadv flocked the institution during their After the bank had doors. scores persons stood deposit books the bank to in the weeks. the tional Bank order institution been making efforts Leading Citizen For 50 Years sulcide of Thrall came shock to dents West he been leading nearly Members his family said tonight he had been for months over the His wife found him after o'clock morning the floor barn in the rear home bullet through heart rifle by his contents members his family did not with Thrall was chairman of the West Rutland board on for 30 the term any of village. represented Rutland Legislature 1900 1902 held all of the excent road When the West Rutland pany was incorporated in 1905 he named director He held those offices until death.
(Continued Page 11)
7.July 18, 1930The Morning CallAllentown, PA
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Article Text
BANKER'S
West Rutland, Vt., Trust Company Shuts Doors After Heavy Run
Rutland, Vermont, July the shot director West Trust company killed himself today blew down the streets from man started which ended only doors and was charge the state bank William A. Thrall, elderly secretary member board, had dead by his hand hours State Bank Robert Clark, Montpelier, he the bank West where laborers, small farmers small merchnts deposit their meager earnings. Since depression has as big company had been and frequent. The also made large Buck city, which went bankrupt several During recent weeks several The 25 years old $1,233,279, with of $916,163.
AUTHOR DIES
Greenwich, Conn., 17. Henry home heart He was native of New York city.
8.July 18, 1930The Tampa TribuneTampa, FL
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Article Text
Vt., July Echoes of the shot with which 75year-old director of the West Rutland Trust company killed himself. started run which ended only when the bank closed today and was placed in charge of the state bank examiner. William Thrall. elderly secretary and member the board had been dead only hours when State Bank Examiner Robert C. Clark of Montpelier announced tonight that he could not yet say whether the bank would reopen The West Rutland institution is working people's bank. where laborers, small farmers and small merchants deposit their meagre earnings. Since the first of the year depression in business has touched them and deposits, company officials indicated, had smaller and less frequent. The company also had made large loans to the Buck Lumber company of this city. which went bankrupt several months ago.
OFFICER'S SUICIDE STARTS RUN ON BANK of the shot with which 75-year-old director of the West Rutland Trust company killed himself late Thursday flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge the state bank examiner. William A. Thrall, elderly secretary and of the board nad been dead by his own hand only few hours when the state bank examiner, Robert C. Clark of Mont pelier. announced from behind the barred doors of the Trust company he could not yet say whether the bank would The company had made large Joans to the Buck Lumber company of this city, which became bankrupt several months ago. During recent weeks there had been large withdrawals and only a few days ago a brief announcement revealed reorganization of the company's officers.
10.July 18, 1930The Billings GazetteBillings, MT
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Article Text
Suicide Causes Run on Bank as Director Dies
Vt. with which 75-year-old director the West Rutland Trust company killed himself Thursday flew down from man man ended when closed its doors was placed charge of the state examiner William Thrall, elderly secretary and member of the board had been dead by own hand only few hours when the state Robert Clark Monpelier, nounced Thursday night could not yet say whether the bank would reopen The West Rutland institution people's small and small merchants deposit their earnings
New telephone service proposed
11.July 18, 1930The Boston Daily GlobeBoston, MA
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Article Text
DIRECTOR IS SUICIDE; BANK CLOSES DOORS
West Rutland Trust Acts After Morning Run
William A. Thrall Was Chairman of
Board of Selectmen
Special Dispatch to the Globe RUTLAND. Vt, July 17-Four hours after William A. Thrall, 75, director and one of the original incorporators bad committed suicide by shooting himself through the heart, the West Rutland Trust Company closed its doors at 1:30 o'clock this afternoon, following a "run" on the bank which started soon after the shooting had been discovered. Depositors, uneasy because of constant rumors during the past few weeks that the bank was in very unsteady condition, flocked to the institution during the morning to withdraw their savings. After the bank had closed its doors scores of persons stood on the outside waving their deposit books. It was the second Rutland County
Continued on the Second Page
ECHOES OF FATAL SHOT START RUN ON BANK
RUTLAND, Vt., July 17.-Echoes of the shot with which 75-year-old director of the West Rutland Trust Company killed himself today flew down the streets from man to man and run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall. elderly secretary and member of the board. had been dead by his own hands only hours when the state bank examiner, Robert Clark of Montpelier, announced tonight from behind the barred doors of the trust company he could not yet say whether the bank would reopen.
13.July 18, 1930Evansville Courier and PressEvansville, IN
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Article Text
SUICIDE RESULTS IN 'RUN' ON
Institution Forced to Close Doors After 75-Year-Old Director Shoots Himself the shot with 75-year-old director the West Rutland Trust company killed himself today flew down the streets man man and started "run" ended only when the bank closed its doors and was placed in charge the state examiner William Thrall. elderly tary and member of the beard had been dead hand only few hours when the state bank exRobert C. Clark of Montaminer. announced tonight from behind the barred doors company could not yet say wheththe bank would The West Rutland institution is people's where labor. ers. small farmers and small merchants their earnings. Since the first the depression in business has touched them as well as big business deposits. company indicated. smaller and less frequent.
14.July 18, 1930The Herald-SunDurham, NC
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Article Text
BANKER'S SUICIDE PRECEDES BIG RUN
Vermont Bank Placed In The Hands Ot State Examiner As Result Of Day's Run
Echoes of the shot with director of the land Trust company killed himself started run which ended only the bank closed doors and placed in charge of state bank The West Rutland working peoples where laborers, small farmers and deposit their meagre Since the first of the in business has touched as well as big business and company had been smaller The made large loans to the Lumber of this city, which eral months recent weeks there had been several large and only days ago brief revealed reof the company's officers Carroll B. Ross of Rutland succeeded to the presidency and Fred signed the of His place was taken temporarily by B. The is 25 assets on June were
15.July 18, 1930Kennebec JournalAugusta, ME
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Article Text
Bank Run Follows Suicide Director
Vt., July Echoes the shot with which director West Rutland Trust company killed himself today flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge of the state bank William A. Thrall, elderly secretary and of the board. had been dead by his own hand only few hours when State Bank aminer Robert Clark of Montpelier announced tonight from behind the barred doors of the trust company that he could not yet say the bank would reopen. The West bank. where farmers and small merchants deposit their meager earnings. Since the first of the year business has touched them well as big business men and deposits, company indicated. had been smaller and less frequent.
Suicide of Director Causes Run on Bank
Echoes of the shot with which a 75director the West Rutland Trust company killed himself today flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall, elderly secretary and member of the board had been dead by his own hand only few hours when the state bank examiner, Robert C. Clark of Montpelier, announced tonight he could not yet say whether the bank would reopen. The West Rutland institution is a working people's bank, where laborers, small farmers and small merchants deposit their earnings.
Named Knapp West Rutland Bank's Receiver
Middletown Springs Man Appointed on Petition of Banking tors May Receive Nearly Full Amounts
(Special the Press) RUTLAND. Knapp Middletown today named receiver of the West Rutland Trust Company which been closed since July 17, when Banking Commissioner Robert Clark Montpelier took charge of the institution. was made by Judge Fred Bicknell of Windcounty court Clark, stated the closed after heavy due to which were in circulation at the time In statement to the press tonight, Clark says: felt that the bank need not have been closed the public had not become alarmed over insidious propaganda which appears have circulated direct intent to injure the bank. From present indications, expect to receive nearly the full amount of their deMr. Clark emphasized the fact that there no defalcations.
SUIT FOR
Wife of Real Estate Man Discontinues Action as Many Await Trial.
While crowd that filled every available seat in the county courtroom awaited yesterday afternoon trial of the divorce case brought by Mrs. Olive Hammond Wiltsle of this city against E. Dyer Wiltsie, real estate dealer, counsel for Wiltsie announced that the Mrs. had been discontinued. second time that spectators, who had turned out in large numbers the case, were disappointed. On Friday, May 15, there because the absence Mrs. Wiltsie's counsel, Jones, and of some important Attorney Edwin W. Lawrence of Lawrence, Stafford O'Brien and Attorney Leonard Wing of Fenton, Wing, Morse Jeffords, who represented libellee, opposed motion for yesterday. understood that one of the main reasons for not pressing the case was difficulty in securing the important witnesses for the Attorney General Jones movfor his was granted by Judge Allen R. Sturtevant. Suit for divorce was brought by Mrs. Wiltsie on grounds of intolerGoyette Case Heard. Judge Sturtevant reserved decision in contested divorce case, brought Mildred Goyette against Elzear M. Goyette of Wales street, which was tried in the morning. Several witnesses testified. George Goddard represented libellant and Jones Jones, the bellee.
Bank Suits Entered. Two suits brought by bank reamong those entered the county clerk's office yesterday. Gray Knapp Middletown Springs, receiver of the West Rutland Trust company. entered an tion for the foreclosure of mortgage, John O'Rourke West Rutland being the defendant. He also entered suit to collect notes, bank, given Stickney, Sargent Chase of Ludlow Webber Leamy land, represent B. Stickney this city entered appearance for James Farrell, receiver of the First Poultney, has started proceedings recover $500, which he claims due on notes from Leon Young of Poultney. Richard Prentiss, Ernest Lewis and thur Lewis, who conduct the busiknown Lewis Brothers Fred Barrett Poultney, were namtrustees. Lawrence, Stafford represent the receiver.
One Is $10,000 Auto Action; Are Brought by Bank Receivers.
Suits asking damages totaling $23,700 were filed in Rutland County court yesterday. Seven of the cases are attempts to collect funds, due the West Rutland Trust company the Bank. The these cases in one filed Bertha of asking damage injuries the result accident. James for the National Bank of Poultney has six suits through his counsel, Lawrence, Stafford O'Brien. Ernest Foley Fair Haven made defend$600 suit for recovery be due the bank. Orr of Poultney defendant another suit arising from note. $6000 are asked of him. Farrell in another the cases suing Matthew Foley Fair Haven for $2000 note. M. Lynch of Poultney defendant another of the suits arising from $1300 note due the bank, Alton Ward Poultney is being sued Farrell $600 note and Sarah Owens made defendant $500 case, also arising from note. Company Sued. Helen Cendrowski West Rutland, Squires, filed suit against the pany of Newark, asking $1200 Her based $1000 life insurance policy held late husband, Stanley Cendrowski, and payable her his death. Gray Knapp, receiver the West Rutland Trust company, has filed petition for $1500 mortgage making Murphy defendant. This heard the Court of Chancery Rutland county. Sargent Chase of Ludlow represent plaintiff. Courtney Flanders, Minnie Jones Rutland Walter Hanson Springfield, Mass., made defendants the $10,000 filed by Bertha Kenworthy of Ludfirm Stafford O'Brien. The plaintiff claims that she painful and injuries George Kenworthy in which was riding struck Clarendon owned Minnie Jones driven by Flanders. According plaint of the plaintiff, Flanders passHanson's car when the latter slowed up. As Flanders passHanson, the car driving tiff riding, Mrs. Kenworthy leges.
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.
