D. C. Harper was appointed receiver for the Bank of Andale in this county. The assets of the bank are placed at $17,000 and it owes depositors $10,000, with no cash on hand.
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1.October 23, 1893Pine Bluff Daily GraphicPine Bluff, AR
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No Cash on Hand
WICHITA, Kan., Oct. 23.-D. C. Harper was appointed receiver for the Bank of Andale in this county. The assets of the bank are placed at $17,000 and it owes depositors $10,000, with no cash on hand.
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.