gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0285dd215cec2d4c
Response Measures
None
Events (1)
1.August 14, 1916Run
Cause
Rumor Or Misinformation
Cause Details
An unidentified man telephoned depositors, tipping them the bank was insolvent; reports were false and bank assured solvency.
Random Run
Yes
Random Run Snippet
man telephoned depositors saying bank was insolvent; tip proved false
Measures
Withdrew $500,000 from connections and displayed currency on counters; waived 30 days' notice for savings withdrawals.
Newspaper Excerpt
A pile of currency totaling $500,000 checked a small run of savings depositors of the Illinois State bank here today.
Source
newspapers
Newspaper Articles (8)
1.August 14, 1916The Oklahoma City TimesOklahoma City, OK
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Article Text
SMALL PILE OF MONEY SATISFIES DEPOSITORS AND HALTS BANK RUN AST ST. LOUIS, III., Aug. 14. A pile of currency totaling E $12,000 checked a small run of savings depositors of the Illinois State bank here today. The run was due to reports spread by a man who called up depositors by telephone and told them he was giving them a "tip" that the bank was not safe. Efforts to locate this man have failed Depositors were assurred by the bank that the bank was absolutely solvent but to make them feel their deposits were safe it drew $12,000 from its connection in St. Louis Mo. and put this money on the counter in plain sight The demand deposits of the bank at the close of business Saturday were $1,291,000 and the savings $891,000.
2.August 14, 1916Rock Island ArgusRock Island, IL
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Article Text
PHONE CALL LEADS TO BIG RUN ON BANK East St. Louis, III., Aug. 14.-A pile of currency totaling $500,000 checked a small run of savings depositors of the Illinois State bank here today. Some depositors, after withdrawing their money, redeposited it. The run was due to reports spread by a man who called up depositors by telephone and told them he "was giving a tip" that the bank was not safe. Efforts to locate this man have failed. Depositors were assured by the bank president that the institution was absolutely solvent, but to make timid depositors feel safe, the Illinois State bank today withdrew $500,000 from its connections in St. Louis, Mo., and put this money on the counter in plain sight. President Gillespie of the bank said he had managers to obtain enough money to pay all depositors on demand. The bank waived its right to 30 days' notice from savings depositors. The demand deposits of the bank at the close of business Saturday were $1,291,000 and the savings deposits $891,000.
3.August 15, 1916El Paso HeraldEl Paso, TX
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Article Text
Unidentified Man Starts Bank Run; $500,000 Cash Display Has Stopped It East St. Louis, III., Aug. 15.-An unidentified man, by telephoning to depositors that the Illinois state bank was insolvent, started a run on the bank Monday. It was stopped when the bank displayed $500,000 currency on its counters. At the close of business, deposits showed an increase of $60,305. The bank remained open after the usual hours, however, to accommodate any uneasy depositors who might wish to withdraw their money.
4.August 15, 1916Omaha Daily BeeOmaha, NE
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Article Text
Half Million In Cash Checks Run On Savings Bank East St. Louis, Ill., Aug. 14.-A pile of currency, totalling $500,000, checked a small run of savings depositors of the Illinois State bank here today. Some depositors, after withdrawing their money, went to the receiving tellers' windows and redeposited it. The run was due to the report spread by a man who telephoned depositors "tips" that the bank was not safe. Efforts to locate this man have failed. Depositors were assured that the institution was absolutely solvent, but to make timid ones feel safe $500,000 was put on the counter in plain sight.
5.August 15, 1916Bryan Daily Eagle and PilotBryan, TX
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Article Text
SIGHT OF MONEY STOPPED THE RUN Depositors Tipped Off East St. Louis Bank Was Unsafe Felt Safe When They Saw Cash. (By Associated Press.) East St. Louis, III., Aug. 15.-A pile of currency totaling $500,000 checked a small run of the depositors on the Illinois State Bank here. The run was due to reports spread by a man who called up depositors by telephone and told them he "was giving a tip" that the bank was not safe. Efforts to locate this man have failed. Depositors were assured by the president of the bank that the institution was absolutely solvent, but to make timid depositors feel safe the Illinois State Bank Monday drew $500,000 from its connection in St. Louis, Mo., and put this money on the counter.
6.August 15, 1916The Seattle StarSeattle, WA
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Article Text
SHORT NEWS AN UNKNOWN man started a run on the Illinois State bank at East St. Louis Monday by calling up the depositors and tipping them that the bank was insolvent. It required a $500,000 pile of currency to convince depositors it wasn't. ENLISTMENT FOR the Business Men's training camp at Cosgrove, Wn., will be light this year, It is thought, as only 400 men have signed up for the opening on August 28. W. c. WITT is nursing some minor injuries R$ the result of his collision, while riding a motorcycle, with a motor truck Monday night at E. 90th st. and Woodland Park B.V. ABOUT 140 members of the Seattle Yacht club arrived in Seattle Monday after a two days sail aboard the Princess Mary in Canadian waters and reported an onjoyable trip, which was featured by a mock wedding in which male members took part. MAY BERNARD is held in the county jail on a petty larceny charge because officers found a gold watch chain in her brass bed which Paul Delanco asserts was attached to a watch taken from him by the woman.
7.August 15, 1916Pine Bluff Daily GraphicPine Bluff, AR
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Article Text
PILE OF MONEY CHECKS BANK RUN East St. Louis, III., Aug. 14.-A pile of currency totaling $500,000 checked a small run of savings depositors oi the Illinois State bank here today. The run was due to reports spread by a man who called up depositors by telephone and told them he "was giving a tip" that the bank was not safe. Efforts to locate this man have failed Depositors were assured by the president of the bank that the institution is absolutely solvent, but to make timid depositors feel safe, the Illinois State bank today withdrew $500,000 from its connection in St. Louis, Mo., and put this money on the counter in plain sight. The demand deposits of the bank at the close of business Saturday were $1,291,000 and the savings $891,000.
8.August 16, 1916Weekly Journal-MinerPrescott, AZ
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Article Text
Run On Illinois State Bank Halted By Associated Press. EAST ST. LOUIS, August 14. The Illinois State Bank halted a run today by displaying half a million in currency on the counters of the institution. Deposits tonight showed an increase. The run was started by telephone tips from an unknown man who said the bank was insolvent. The bank is seeking his apprehension.
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.
