gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
309ca51f8c684613
Response Measures
None
Events (1)
1.March 10, 1902Run
Cause
Rumor Or Misinformation
Cause Details
Reports/rumors circulated by enemies of the bank for malicious purposes prompted withdrawals.
Measures
All checks presented were promptly paid; deposits of considerable amounts were made; bank closed with more than usual currency on hand.
Newspaper Excerpt
The run was started by reports circulated by enemies of our bank for malicious purposes.
Source
newspapers
Newspaper Articles (2)
1.March 10, 1902The Topeka State JournalTopeka, KS
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Article Text
The Bank Was Sound. Oberlin, Kan., March 10.-A run on the Farmers' State bank started here Saturday. All checks presented were promptly paid and at night, owing to the fact that deposits of considerable amounts were made, the bank closed with more than the usual amount of currency on hand. The cashier, John O'Grady, said: "The run was started by reports circulated by enemies of our bank for malicious purposes. It has not inconvenienced us and we are in position to pay every depositor his money on demand.
Started by Malicious Persons. Oberlin, Kan., March 10.-A run on the Farmers' state bank here was started. All checks presented were promptly paid and owing to the fact that deposits of considerable amounts were made, the bank closed with more than the usual amount of currency on hand. The cashier, John O'Grady, said: "The run was started by reports circulated by enemies of our bank and for malicious purposes. It has not inconvenienced us and we are in position to pay every depositor his money on demand."
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.
