A 'careless remark' by an unknown person on the street sparked depositor panic though officials said there was no real cause.
Random Run
Yes
Random Run Snippet
Careless remark by unknown person started run; officials said no cause
Measures
Bank paid all demands; met withdrawals as presented (paid out cash)
Newspaper Excerpt
A careless remark made by some citizen unknown to the police started a run on the Savings bank of this city today.
Source
newspapers
Newspaper Articles (10)
1.November 20, 1906Los Angeles HeraldLos Angeles, CA
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CARELESS REMARK CAUSES RUN ON BANK By Associated Press. CHILLICOTHE, Ohio, Nov. 19.-A careless remark made by some citizen unknown to the police started a run on the Savings bank of this city today. It began at noon and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless. Bank officials state there is absolutely no cause for the run, as the Savings bank company is one of the strongest state banks in the state. All demands today were met.
2.November 20, 1906The Cairo BulletinCairo, IL
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RUN ON THE BANK Caused By Careless Remark By Un. known Persons-Depositors Are Quickly Paid. Chill'cothe Ohio Nov. 19.-A careless remark made by some unknow.1 person started a run on a savings bank in this city today. It began at noon and continued all afternoon until late this evening. There was absolutely no cause for the rush of depositors as the savings bank company is one of the strongest state banks in Ohio. It Is reported the withdrawals will reach tes to fifteen thousand dallars and that all who call for their money tomorrow will be paid.
3.November 20, 1906The San Francisco CallSan Francisco, CA
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Article Text
REMARK STARTS BANK RUN CHILLICOTHE, Ohio. Nov. 19.-A careless remark made by some citizen unknown to the police started a run on the savings bank of this city today. It began at noon and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless. Bank officials state that there is absolutely no cause for the run, as the savings bank is one of the strongest in Ohio. All demands today were paid.
Run on Chillieothe Bank. CHILLICOTHE, O., Nov. 20.-A run has started on the savings bank here. A great many Baltimore and Ohio Southwestern shop employees quit work and hurried to draw out their savings. The bank is paying as fast as the clerks can work. The officials say the bank is sound and have $250,000 in the vaults. It is controlled by men of great wealth.
5.November 20, 1906The Salt Lake HeraldSalt Lake City, UT
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RUN ON OHIO BANK. Chillicothe, O., Nov. 19.-A careless remark made by some citizen unknown to the police, started a run on the Savings bank of this city today. It began at noon, and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless. Bank officials state there is absolutely no cause for the run, as the Savings bank company is one of the strongest state banks in Ohio. All demands today were paid.
6.November 20, 1906The Salt Lake TribuneSalt Lake City, UT
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FOOLISH RUN ON BANK Careless Remark of Unknown Man Causes Panic of Depositors. CHILLICOTHE, Ohio, Nov. 19.-A careless remark made by some citizen unknown to the police started a run on the savings bank of this city today. It began at noon and continued all afternoon until late this evening. Women, children and men quit their employment and ran to the bank breathless Bank officials state there is absolutely no cause for the run, as the savings bank company is one of the strongest State banks in Ohio. All demands today were paid.
7.November 21, 1906The Richmond PalladiumRichmond, IN
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Bank Profits by a Run. Chillicothe, O., Nov. 20.-The run on the Savings bank is over. About $65,000 was taken out, mostly by women, children and laborers. The bank will make money by the run, because all who drew out lose the January interest.
8.November 23, 1906Shoshone JournalShoshone, ID
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Depositors Got Scared. Chillicothe, O.-A careless remark made by some citizen unknown to the police started a run on the Savings bank of tbis city on Monday. It began at noon and continued all afternoon until late in the evening. Women, children and men quit their employment and ran to the bank, breathless. Bank officials state that there is absolutely no cause for the run, as the Savings Bank company is one of the strongest state banks in Ohio. All demands were paid.
Chilicothe, O.-A run was started on the savings bank. due to a careless remark dropped by some unknown person on the street. All demands were paid.
10.November 29, 1906The Bon Homme County IndependentTabor, SD
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Chilicothe, O-A run was started or the savings bank. due to a careless remark dropped by some unknown person on the street. All demands were paid.
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.
