gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bb529bb9ffd63e5f
Response Measures
None
Description
Some reports discuss plans to reopen while one local paper says the bank was placed with the finance department for liquidation, leaving final status ambiguous.
Events (2)
1.December 3, 1926Run
Cause
Rumor Or Misinformation
Cause Details
Two-day run started by 'idle', 'false and malicious' rumors that led many small depositors to withdraw funds.
Measures
Paid out withdrawals (~$30,000–$47,000 over two days); received assistance from two local banks and a St. Louis correspondent bank.
Newspaper Excerpt
After a two-day run which, according to bank officials, was started by idle rumors,
Source
newspapers
2.December 4, 1926Suspension
Cause
Government Action
Cause Details
Board of directors closed the bank temporarily and notified the state finance commissioner; state banking department/bank examiner took charge.
Newspaper Excerpt
the Southern Bank of Fulton failed to open this morning. State banking authorities have been advised and will take charge of the institution today.
Source
newspapers
Newspaper Articles (21)
1.December 4, 1926Jefferson City Post-TribuneJefferson City, MO
Click image to open full size in new tab
Article Text
DID CLOSE RUN FULTON BANK
State Bankers Association Will Be Asked To Investigate Criminal Conspiracy To Wreck Bank By False Rumor.
BOARD ASKED COMMISSIONER OF FINANCE TO TAKE HOLD
Last Official Statement Made November 22. Was Best In Five Years and Assets Were Sound.
By the Associated Press. Fulton. Mo., Dec. 4.-The board of directors of the Southern Bank of Fuiton. which yesterday and late Thursday experienced run. today closed the bank -temporarily and notified S. L. Cantley, state finance commissioner. to take charge. A total of approximately $37,000 was withdrawn by depositors yesterday. while about $10,000 was taken out late Thursday, officials of the bank said. The board of directors today made public a resolution adopted by the board stating that because of "false and malicious rumors" that have been circulated a large number of depositors have withdrawn their accounts until the cash reserve has been reduced to a point where it is not safe or fair to the remaining depositors and stockholders to permit further withdrawals. The resolution also said the state finance commissioner was being asked to take charge of the institution until a practical plan could be worked out for the reopening of the bank. The last statement of The Southern Bank. made showed it had approximately $750,000 total resources. This statement was the best the bank has made in five years. according to the officials. Callaway county officials declared they know the source of the rumor responsible for the run on the bank and officials of the institution indicated that the Missouri Bankers Association probably will be asked to prosecute the guilty person or persons. Officers of the bank said the rumors which started the run began to circulate early Thursday morning. They announced yesterday that a large supply of cash had been obtained to withstand the run. Two other Fulton banks and a St. Louis bank. with which The Southern Bank correspended, were aiding the institution, the officials asserted. The Southern Bank, like all other banks in farming centers, suffered some in the agricultural deflation of 1920. the officials said but asserted the officers and directors gradually had worked out the problem successfully. William F. Russell is president and Walter Henderson is cashier.
2.December 4, 1926The TimesHammond, IN
Click image to open full size in new tab
Article Text
BANK CLOSES DOORS
FULTON, Dec. which, according bank officials, was started rumor," the Southern Bank of Fulten failed to open morning. State banking authorities advised charge the institution today. The bank sidered of the strongest in midMissouri.
3.December 4, 1926The Dayton HeraldDayton, OH
Click image to open full size in new tab
Article Text
Bank Is Closed (By United Press FULTON, Mo., Dec. 4.-After a two-day "run" which, according to bank officials, was started by "idle rumors,' the Southern bank of Fulton failed to open this morning. State banking authorities have been advised and will take charge of the institution today. The bank is considered one of the strongest in mid-Missouri.
4.December 4, 1926St. Joseph News-PressSt. Joseph, MO
Click image to open full size in new tab
Article Text
MND STATE BANK TO CLOSE. that the Southern Bank of Fulton was today and over by the departwas today the department, B. Glassen, state bank examiner. has been Fulton take charge of the bank Institution was the fiffar this year. The last statement of the bank the finance department showed had $726,868 total $50,000 capi$25,000 deposits loans and $40,000 bills payable
5.December 4, 1926Sapulpa HeraldSapulpa, OK
Click image to open full size in new tab
Article Text
GATHER DATA CREEK COUNTY
IDLE RUMORS CLOSED BANK
MEN OVER COUNTRY WILL WRITE MISSOURI BANK FAILS HISTORY AND DATA OF TO OPEN AFTER RUMOR CREEK COUNTY STARTS BANK RUN
The Sapulpa Chamber of Commerce has been asked to secure informa tion for the national advertisement for Oklahoma Inc which will be held after the contest for "Miss Oklahoma, which will be announced after December 16. The secretary of the Cham ber of Commerce has appointed the following in these towns secure information from their town. Bowden. Coats: Depew. Depew National Bank: Edna, Riddle: Mounds, J. Morris: Oilton. Loren Campbell; Shamrock, First National Bank Tabor. W H. Madison: Bristow Malcom Morrison State Bank Newby H. Baker: Olive, Horace Matherly Slick Producers Lumber company Tuskegee. Claude Allen: This committee will get the status for this county All girls who wish enter the con for "Miss Oklahoma, must send next week some time to the secretary of the Chamber of Commerce, Arthur Crooke
WILL VISIT CLUB
Miss Edith Huffer Home Demonstration Agent, will visit with the Women's club today at Mannford. Miss Huffer will give demonstration the club showing them how to can beef.
FULTON, Mo., Dec. two days "run" which according to bank officials was started by "idle rumors," the Southern Bank of Ful ton failed to open this morning. "The run" started on the institution late Thursday. Most of those who made withdrawals were small tradesmen and wage earners, bank officials said. Thursday afternoon and Friday, the bank paid out $30,000 in deposits.
6.December 4, 1926Evansville PressEvansville, IN
Click image to open full size in new tab
Article Text
"Idle Rumor" Ends in Closing Up of Bank
United Mo., Dec. days' run, according bank officials, started by "idle rumor," the Southern Bank of Fulton failed to open this morning. State banking authorities have been advised will take charge the institution today. The bank considered one of the strongest
7.December 4, 1926Macon Chronicle-HeraldMacon, MO
Click image to open full size in new tab
Article Text
CLOSES AFTER RUN IS MADE
'Idle Rumor' Causes Institution to Fail to Open For Business Today
4-After a two days run which according to bank officials were started by "idle rumor" the Southern Bank of Fulton failed to open this morning. State banking authorities have been advised and will take charge of the institu tion today. The bank is considered one of the stronges in mid-Missouri The "run" started on the istitution late Thursday. Most of those who made withdrawals were small depositors, bank officials said. Thursday afternoon and Friday the bank paid out $30,000 in deposits. Two local banks and a St. Louis bank gave assistance to the institution. "The run was started by false idle rumor which apparently started among laboring men" W. F| Russell, president of the bank. said today. "We first heard of the rumor Thursday. It began to run such ground that by last night we had paid out at least $50,000 to depositors." "In as much as it seemed we were unable to stop withdrawals we decided to close the bank today and turn it over to state banking officials The bank was capitalized at $50,000 and has a surplus of $25,000.
8.December 4, 1926Seattle Union RecordSeattle, WA
Click image to open full size in new tab
Article Text
RUN ON BANK CLOSES DOORS
FULTON, Mo., Dec. N. Following a "run" by depositors, which officials of the bank said caused by unfounded "wild" rumors, the Southern Bank of Fulton was closed today and directors turned it over to the state banking department.
9.December 4, 1926San Francisco BulletinSan Francisco, CA
Click image to open full size in new tab
Article Text
Bank Clóses Doors After 2-Day Run by Depositors
Fulton, Mo., Dec. 4 (AP). - The Southern Bank here was closed today by the board of directors after n. two-day run of withdrawals by depositors resulting. bank officials said. from "fulse and malicious ruThe last statement showed resources of $750,000 This was the fifty-second state bank to close in Missouri this year.
10.December 5, 1926Joplin GlobeJoplin, MO
Click image to open full size in new tab
Article Text
PLANS DISCUSSED TO REOPEN FULTON BANK
Decision to Close Depository Comes Following Heavy Run on Institution.
Fulton, Mo., Dec. 4.-(P)-Tentative plans for reopening the Southern Bank of Fulton, which was closed today following a run, Friday and late Thursday, were being discussed late today by officers and directors of the institution. No definite arrangements have been made, but It is the intention of those connected with the bank, which had total resources of approximately $750,000. to reopen It in the near future. To Prosecute Persons. A statement made public this morning by the board of directors said it had been decided to close the bank because "false and maliclous rumors" have been circulated causing a large number of depositors to withdraw their accounts until the cash reserve was reduced to a point where it is not safe or fair to the remaining depositors and stockholders to permit further withdrawals. It was added by the statement that the state finance commission had been notified to take charge of the Institution until a practical plan could be worked out for the reopening of the bank. Vigorous prosecution of the person- or persons guilty of starting the rumor concerning the bank is expected to result. Officers of the institution and of Callaway county said tonight they know definitely who is responsible and that efforts will be made to assess the full penalty of the law. The Missouri Bankers' Association probably will be asked to assist in the prosecution of the guilty persons. The run on the bank began Inte Thursday afternoon. About $10,000 was withdrawn by depositors Thursday. while approximately $37,000 was taken out of the bank Friday.
TURKEYS PECANS AND MILK MEAN MORE MONEY IN BANK FOR FARMERS OF DECATUR
DECATUR. Dec. 4.-On a basis of what has been sold during the recent Thanksgiving and present mas period, it is estimated that the Wise County turkey crop will return approximately $100,000 to the raisers. Truck routes are operating out of Decatur to all parts of the county and killing. dressing and cooling is being done here. with shipments direct to Chicago and New York. On basis of what has been bought and paid for. estimated that $65 worth of pecans be shipped from the county. Six will have been handled from Deat the close of the season.
Daily whole milk receipts and shipments are at present 5.000 pounds in excess of the same period last year. Approximatel 20,000 pounds are being shipped daily. Total of milk and cream shipments for last year were above $350,000. and will reach the $500,000 point for the present year. The revenue from the general poultry business will bring still greater return, since poultry keeping is more widely disseminated on the farms. Several cars of peanuts have been shipped from the sandy land district of the western part of the county at prices remunerative to the growers. For 102 turkeys sold at 30 cents per pound, W. A. Shults of Route 7. Deeatur, another received $516.90. Guy Horner, farmer, was paid for one lot of pecans and still has an quantity to sell. Charlies Rawle equal sold $125 worth of turkeys and $135 worth of pecans the same day.
Missouri Bank Closed. FULTON, Mo., Dec. 4-The board of directors of the Southrn Bank of Fulton, which Friday and late Thursday experienced run, Saturday closed the bank temporarily and notified L. Cantley, state finance commissioner, to take charge.
Male ants are very short
12.December 5, 1926Kirksville Daily Express and Kirksville Daily NewsKirksville, MO
Click image to open full size in new tab
Article Text
RUMOR CAUSES THE CLOSING OF FULTON BANK
State Department Called In Following a TwoDay Run
(By United Press) days run. which, according to bank was started by "idle the Southern Bank of Fulton failed to open this morning State banking authorities have been advised and will take charge of the institution today The bank considered one of the strongest in The "run" started on the tion late Thursday Most those made withdrawals were small tradesmen and wage bank officials said. Thursday afternoon and Friday the bank paid out in deposits Two local banks and Louis bank assistance to the institution was started by false rumors which apparently president of the bank said first heard the rumor Thursday began to gain such ground that by last night had paid out at least $30,000 to deposi-
Tnasmuch seemed would unable stop to close the bank today and turn over to the partment The Southern Bank capitalizand of
13.December 6, 1926Kansas City JournalKansas City, MO
Click image to open full size in new tab
Article Text
BANK GOSSIPER TO BE RUN DOWN
Bank of Fulton Officials to Prosecute Person Who Caused Run by Rumors.
FULTON, MO., Dec. 5.-(Special)Tonight, forty-eight hours after the Southern Bank of Fulton was forced to close its doors rumor started a run that threatened to wreck it, leading citizens are determined they will back the bank officials in running down the persons responsible for starting the gossip and bring them to justice. The bank has the community years. When the run started the large depositors not only refused to make demand for their money, but made deposits to their in the bank They are appealing to the frenzied customers of the withdrew their at once and enable the bank to reopen.
Await Grand Jury Action. In the the public await ing the action of grand jury the circuit court which will for the first time this and is expected to make rigid inquiry into the causes that started the officials of the bank, through their attorney, State Senator Nick Cave, who member of its directorhave been making investigation. It believed they know where the rumor W. Franc president of the bank, today he confident the bank will reopen soon. He believes all details can be worked out within thirty Bank Examiner in Charge.
B. A. Glassen, state bank examiner from Salisbury, here yesterday take charge of the bank's affairs. Russell cer tain will take Glassen less than two weeks go over the books sug. gest way out of the present diffiThe president indicated additional capital may carry the of the state department, but that this will be ing in of the bank's standing in the In the Fulton's business interests are trying to adjust them selves the ing the closing of two banks in nine months. is agreed It will hurt trade here In the holiday Merchants' Funds Tied Up.
There is no excitement among the Several business men who were caught up the First National had with the These now to with Home Savings and Callaway banks. the two remaining the city, who not only helped the Southern bank as long as It asked but also are standing by the of the city.
No word has come from the First National bank as to when the first dividend payment will be made to depositors. The expiration of time for filing claims by does not in January and hardly payment will be made before
14.December 6, 1926Telegraph-ForumBucyrus, OH
Click image to open full size in new tab
Article Text
UNREASONABLE RUN FORCES BANK TO CLOSE ITS DOORS
FULTON, Mo., Dec. 6.-Folowing a "run" by depos tors, which officlals of the bank said was caused by unfounded "wild" rumors, the Southern Bank of Fulton was closed to day and deputies turned it over to the State Banking Department.
15.December 6, 1926The Daily News and IntelligencerMexico, MO
Click image to open full size in new tab
Article Text
GRAND JURY TO INVESTIGATE RUN ON FULTON BANK
City Is Aroused Over the Closing of the Southern Institution by Gossip, Dispatch Says.
FULTON, Mo., Dec. rumor will be asked to go to bat with the law this week. The people of Fulton are grimly. but not vindictively. determined someone shall be punished for starting the wild gossip that made it necessary for the Southern Bank of this city to close Saturday after 2-day run of its depositors, who were stampeded into withdrawing their money after an insidious attack on the solvency of the institution. The first grand jury of the year for the Callaway county circuit court will begin deliberations today, and the firm belief the body will delve deeply into the bank affair. The bank itself has placed the matter in the hands of State Senator Nick Cave, an atorney who is directer in the instituion.t Officials of the bank who have made investigations declare they know the responsible person. The people here feel they have been made the victims of an attack of an irresponsible person and that the reputa tion of the city itself. as well as the bank, has been badly harmed. They contend bank in existence years and whose solvency was never questioned must be given square deal at all hazards. Fulton is not excited over the matter. It is holding up well, despite the fact this is the second bank to close in this city in the last nine months. It is charged the propaganda was given out because the bank asked payment of an count. Business men have been the hardest hit by the closing of the bank for several were caught in the First National Bank failure and then transferred their accounts to the Southern Bank. The Home Savings and the Callaway bank, the two remaining financial institutions, came to the aid of the Southern Bank and helped it as long as it required help. The Southern Bank at the close of the second day's run still had plenty of cash on hand but the board of directors ruled the depositors remaining loyal had to be protected and the only way it could be accomplished was to stop the run. Business men caught in the last bank closing are being taken care of by the other banks of the city and trade is going on as usual. The faith of the biggest depositors in the South ern Bank was evidenced the day of the run when they came in and made additional deposits. But the damage had been done. The small depositors, on trigger edge because of five bank failures in the county in as many years, had become suspicious. W. Farne Russell, president of the Southern Bank, said today he felt confident his bank would be able to reopen in thirty days. D. Glassen of Salisbury, bank examiner, has taken charge of the bank's affairs. Mr. Russell said he believes it will not require more than ten days to go over the accounts of the bank. Russell said he would be guided by the recommendations of the banking department and indicated that additional capital might be required and would be easily forthcoming when the readjustment is made. He said quite number of those who withdrew their accounts now admit the fallacy of such a move and are ready to put their money back when the bank opens.
16.December 6, 1926Seattle Union RecordSeattle, WA
Click image to open full size in new tab
Article Text
RUN ON BANK CLOSES DOORS
Mo., N Following "run" by depositors, which officials of the bank said was caused by unfounded rumors, the Southern Bank of Fulton was closed today and directors turned it over to the state banking department.
17.December 9, 1926The Fulton GazetteFulton, MO
Click image to open full size in new tab
Article Text
INQUIRY INTO RUMORS THAT CLOSED SOUTHERN BANK.
Circuit Judge Harris Instructs Grand Jury to Return Indictment Evidence Justifies.
Instructions to investigate the warranted, unjustified and slanderous reports" put in circulation concerning the condition of the Southern Bank Fulton, which caused on the stitution and eventuated in being closed and placed in the hands of the state finance department for liquidation, were given by Judge David Harris, of the Callaway county circuit grand jury that Wednesday morning. Judge Harris addressed the jury length the subject, saying that most serious matter; that entailed serious financial loss good citizens who had their money invested the bank, and that would bring serious to depositors reason of their funds being tied the bank through the of liquidation." close bank in any world by persistent circulation of false reports concerning Judge Harris declared. is your duty under the law to investigate this matter. The legislature in its wisdom enacted statute many years ago making criminal offense to culate false reports concerning condition of bank, and are called in county to deal with upon fense of that kind. My only knowlof what has taken place has edge through the and casual he added, have on the subject to subtestimony to but charge you to make you, investigation of the facts, and the evidence indictment, that hesitate to return you dozen or fifteen witnesses, summoned apparently for the purpose the rumors in circuinvestigating lation concerning the bank, waitin the hallway of the courthouse before the grand jury after sworn in and charged. Morris, Fulton, is foreman body, and the other members Yates, Maloney, Carrington, Layson, Anderson, Tyler, Fulton; Yates, McCredie; Frank Welden, Readsville; Tate, Mokane; Lowell Yates, Bachelor, and Maurice Books, Calwood. Harris, in his charge to the Judge touched violations of grand jury, on the law selling cigarettes and against cigarette material to minors, and lations of the state prohibition laws. Under the law he required struct grand jury on these points. Judge Harris issued an order last week for the empanelling of grand and directed that it not report jury for until Wednesday. The memduty bers of the were chosen SherGarrett.
18.December 9, 1926The Missouri TelegraphFulton, MO
Click image to open full size in new tab
Article Text
friends. This occurred Thursday morning and the Pun on the bank materialized in few hours Following the meeting of the rectors Friday evening the following notice posted on the Goor:Whereas there have been various false reports and rumors generally circulated throughout Callaway counduring the last few days about the solvency of the Southern Bank: And because of such false reporte large numbers of depositors have withdrawn their accounts and have reduced the actual cash of the Bank to point where does not appear to the Board of Directors to be or fair to other depositors to permit further withdrawale at this time: Now. therefore. be It resolved the Board of Directors that the Southern Bank of Fulton, Missouri be closed temporarily and placed charge of the Finance Commissioner required By law until such time arrangements can be made to protect all depositors, and these faterested in the
19.December 9, 1926The Weekly IntelligencerMexico, MO
Click image to open full size in new tab
Article Text
GRAND JURY TO INVESTIGATE RUN ON FULTON BANK
FULTON, Mo., Dec. 6.-Idle rumor will be asked to go to bat with the law this week. The people of Fulton are grimly, but not vindictively, determined someone shall be punished for starting the wild gossip that made it necessary for the Southern Bank of this city to close Saturday after a 2-day run of its depositors, who were stampeded into withdrawing their money after an insidious attack on the solvency of the institution. The first grand jury of the year for the Callaway county circuit court will begin deliberations today, and it is the firm belief the body will delvé deeply into the bank affair. The bank itself has placed the mat ter in the hands of State Senator Nick Cave, an atorney who is a directer in the instituion.t Officials of the bank who have made investigations declare they know the responsible person. The people here feel they have been made the victims of an attack of an irresponsible person and that the reputation of the city itself, as well as the bank, has been badly harmed. They contend a bank in existence fifty-five years and whose solvency was never questioned must be given a square deal at all hazards. Fulton is not excited over the matter. It is holding up well, despite the fact this is the second bank to close in this city in the last nine months. It is charged the propaganda was given out because the bank asked payment of an account. Business men have been the hardest hit by the closing of the bank for several were caught in the First National Bank failure and then transferred their accounts to the Southern Bank. The Home Savings Bank and the Cal- laway bank, the two remaining financial institutions, came to the aid of the Southern Bank and helped it as long as it required help. The Southern Bank at the close of the second day's run still had plenty of cash on hand but the board of directors ruled the depositors remaining loyal had to be protected and the only way it could be accomplished was to stop the run. Business men caught in the last bank closing are being taken care of by the other banks of the city and trade is going on as usual. The faith of the biggest depositors in the Southern Bank was evidenced the day of the run when they came in and made additional deposits. But the damage had been done. The small depositors, on trigger edge because of five bank failures in the county in as many years, had become suspicious. W. Farne Russell, president of the Southern Bank, said today he felt confident his bank would be able to reopen in thirty days. D. A. Glassen of Salisbury, a bank examiner, has taken charge of the bank's affairs. Mr. Russell said he believes it will not require more than ten days to go over the accounts of the bank. Russell said he would be guided by the recommendations of the banking department and indicated that additional capital might be required and would be easily forthcoming when the readjustment is made. He said quite a number of those who withdrew their accounts now admit the fallacy of such a move and are ready to put their money back when the bank opens.
20.December 10, 1926The Macon RepublicanMacon, MO
Click image to open full size in new tab
Article Text
RUN ON FULTON BANK FORCES IT TO CLOSE
A run on the Southern Bank of Fulton last Thursday and Friday, during which time $47,000 was withdrawn, forced the institution to be closed by its directors Saturday. The wife of a laborer started the run when she withdrew $5.40 which she had on deposit. Officers say they believe they have discovered the source of rumor which started the run, and that they intend to prosecute the person responsible for it. The bank has served the community fifty years and was a strong institution until the false rumor caused the withdrawal of so much eash that the bank had to be closed. Two other Fulton banks and a St. Louis bank and all depositors were paid as they demanded their money, without question. Bank officials anmounce that they have plans under way for reopening.
Let him who never violated any traffic laws cast the first ballot to enact some more.
21.December 10, 1926The Advertiser-CourierHermann, MO
Click image to open full size in new tab
Article Text
OUR COUNTY SCHOOLS
(Continued from page 1) school it had an enrollment of but nine pupils, eight boys and one girl. The needs of the school have been enumerated above but they are so numerous that it will no doubt take considerable time to meet them all. a Morrison School:-This is a nice two room school in the busy little town of Morrison. It is a very substantial two-story brick building with the class rooms on the first floor and a nice community hall on the second floor. The school is heated with a furnace and is nicely equipped in every way. Both rooms are equipped with good libraries, good school furniture, slate blackboards, maps, globes and charts Each room is nicely painted and well decorated with good framed pictures and all windows are equipped with ajustable shades. A large bubbling water fountain does away with the common drinking cup. The school is also well equipped in the way of musical instruments, as there is an organ in the primary room downstairs and a piano in the hall upstairs. The school is approved by the State Department of Education as a second class school and might easily be approved as a first class school but for the lighting. The light should be admitted but from one side of the room to meet the ideal condition. Geo. J. Boettcher as principal and Miss Minnie Schaffner in the primary room are the teachers here. and both have served this school as teachers before. Mr. Boettcher teaching his fourth term here and Miss Schaffner her third term. Both are doing very effective work and deserve much credit for the success of the school. Discipline in this school is of the very best. There are 53 boys and girls in this school and they, like their teachers and the school board, are doing their best to make this a really good school. The school needs a larger play ground, but being located in the center of the town where building lots are at a premium this need seems to be hard to satisfy.
Although he hasn't a single tooth in his mouth, never has had and never will, physicians say that Irwin Kearbey, of near Chillicothe, Mo., 10 year old boy can relish a tough beefsteak, eat taffy candy and masticate other foods that try the alens of a sharp-toother person. Irwin's case is not an unusual one for his family. A brother, Lester. who lived until he was 14 years old, failed to grow any teeth as did a cousin, William Clark. Irwin is a normal boy in any other respect and is an excellent student, his teachers say. George Helmig, of Linn. Mo., went to Jefferson City to consult a specialist for the removal of a drill from his jaw. The drill was broken off while he was having a tooth ground. Several attempts have been made by physicians to remove the needle but they have been unsuccessful and his suffering has been in creased by these attempts. It is feared that the needle may cause poisoning if not removed soon. An X-ray picture revealed that the needle had worked far back into the jaw. Robt. W. Otto, appointed by Gov. Baker to fill an unexpired term and at the general election defeated by Judge Gantt, Democrat, will on January 1, together with J. A. Potter open a law office in Jefferson City. False and malicious rumors and gossip caused the Southern Bank of Fulton, with resources over $750,000, to close its doors temporarily. Those, who wickedly spread the false rumors that caused a run on the bank, will be prosecuted.
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.
