gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6ef58c1db9b6a17e
Response Measures
None
Events (1)
1.December 22, 1921Receivership
Newspaper Excerpt
The banking and brokerage firm of Archer, Harvey & Co., ... was placed in the hands of a receiver to-day upon petition of O. Howard Harvey
Source
newspapers
Newspaper Articles (2)
1.December 23, 1921New-York TribuneNew York, NY
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Article Text
Baltimore Brokerage Firm Is Placed in Receivership BALTIMORE, Dec. 22. The banking and brokerage firm of Archer, Harvey & Co., established about twenty years ago, was placed in the hands of a receiver to-day upon petition of o. Howard Harvey, one of the partners. It was alleged that the liabilities were $68,000 in excess of the assets, while $150,000 of the company holdings were said to be worthless. The failure is not regarded as important in financial circles.
2.December 23, 1921Every Evening, Wilmington Daily CommercialWilmington, DE
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Article Text
BALTIMORE BROKER S FAIL. Archer. Harvey & Company's Liabilitles $68,000: Greater Than Assets. Baltimore, Dec. 23.-The banking and brokerage firm of Archer, Harvey & Co., established about 20 years ago, was placed in the hands of a receiver yesterday upon petition of O. Howard Harvey, one of the partners. It was alleged that the liabilities were $68,000 in excess of the assets.
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.