gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a3f3258d6e388ef9
Response Measures
None
Description
Articles report a suspension/failure but give no cause or follow-up on reopening.
Events (1)
1.August 9, 1893Suspension
Cause Details
Article states suspension of payment/failure but provides no particulars on cause.
Newspaper Excerpt
C. E. Everest, cashier of the Exchange bank of Courtland, Republic county, telegraphed to State Bank Commissioner Breidenthal that his bank had suspended payment.
Small Bank Closed. TOPEKA, Kan., Aug. 9.-C. E. Everest, cashier of the Exchange bank of Courtland, Republic county, telegraphed to State Bank Commissioner Breidenthal that his bank had suspended payment. No particulars concerning the cause of the failure were given. The capital stock of the bank was $5,000. TEe
2.August 11, 1893The Kinsley GraphicKinsley, KS
Click image to open full size in new tab
Article Text
small Bank Closed. TOPEKA. Kan., Aug. 9.-C. E. Everest, cashier of the Exchange bank of Courtland, Republic county, telegraphed to State Bank Commissioner Breidenthal that his bank had suspended payment. No particulars concerning the cause of the failure were given. The capital stock of the bank was $5,000.
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.