Dupage Trust Company (Glen Ellyn, IL)

Episode Information

Episode UID
70171971493
Episode Type
Run Only
Bank Type
trust
Bank ID
7017197 routing
Routing Number
70-1719
Start Date
May 1, 1924
Location
Glen Ellyn, Illinois (41.878, -88.067)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b44119a3d92f2b04

Response Measures

None

Description

Publisher was indicted for publishing a false article that reportedly precipitated the run.

Events (1)
1. May 1, 1924 Run
Cause
Rumor Or Misinformation
Cause Details
Editor published an article falsely claiming the value of DuPage Trust Company's stock fell 50%, which bank officials say caused the run.
Random Run
Yes
Random Run Snippet
article falsely claimed stock fell 50%; bank statement corrected
Newspaper Excerpt
which, bank officials state, caused a run on the bank.
Source
newspapers

Newspaper Articles (2)
1. May 1, 1924 The Daily Chronicle De Kalb, IL
Article from The Daily Chronicle, May 1, 1924

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Article Text

Publisher Is In Trouble In Glen Ellyn Now Robert E. Wood, resident of Elburn, editor of "Town Topics," Glen Ellyn publication, was indicted by DuPage county grand jury last week for printing an article in his paper about the financial condition of the DuPage Trust company, a Glen Ellyn bank. According to testimony introduced at the hearing, the statement declared the value of DuPage Trust company's stock had fallen off 50 per cent in the last few months, which, bank officials state, caused a run on the bank. The financial statement of the bank shows an increase instead of a falling off, testimonials proved. The publisher is subject to a fine of $500 or one year in the county jail, State's Attorney C. W. Reed stated. The case probably will be heard in Judge Fulton's circuit court.

2. May 7, 1924 The True Republican Sycamore, IL
Article from The True Republican, May 7, 1924

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Article Text

Editor Indicted For Article Hurting Bank Robert E. Wood, resident of Elburn, editor of "Town Topics," Glen Ellyn publication, was indicted by DuPage county grand jury last week for printing an article in his paper about the financial condition of the DuPage Trust company, a Glen Ellyn bank. According to testimony introduced at the hearing, the statement declared the value of DuPage Trust company's stock had fallen off 50 per cent in the last few months, which, bank officials state, caused a run on the bank. The financial statement of the bank shows an increase instead of a falling off, testimonials proved. The publisher is subject to a fine of $500 or one year in the county jail, State's Attorney C. W. Reed stated. The case probably will be heard in Judge Fulton's court.