gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f3a8ff3fc53afdbf
Response Measures
None
Description
Article states a receiver was appointed and that funds were removed beforehand.
Events (1)
1.November 23, 1900Receivership
Newspaper Excerpt
A RECEIVER has been appointed for the defunct Newport, Ky., bank, but Mr. Brown received all the funds beforehand.
Source
newspapers
Newspaper Articles (1)
1.November 23, 1900The Columbia HeraldColumbia, TN
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Article Text
A RECEIVER has been appointed for the defunct Newport, Ky., bank, but Mr. Brown received all the funds beforehand.
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.