Kaspar & Karel (Chicago, IL)

Episode Information

Episode UID
8667583791240
Episode Type
Run Only
Bank Type
private
Bank ID
866758379 hash
Start Date
April 3, 1903
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b7dfd361210b1634

Response Measures

None

Events (1)

1. April 3, 1903 Run
Cause
Rumor Or Misinformation
Cause Details
An April Fool joke/rumor circulated claiming the bank would have a sensational prank, which led depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
April Fool joke sparked false report leading to withdrawals
Measures
Bank president declared readiness to meet legitimate demands; offers of assistance received to cover drain.
Newspaper Excerpt
As the result of an April fool joke the private bank of Kaspar & Karel experienced a run, during which fully $200,000 was withdrawn by 400 of the 900 depositors.
Source
newspapers

Newspaper Articles (10)

Article from The Topeka State Journal, April 4, 1903

Click image to open full size in new tab

Article Text

APRIL FOOL JOKE Starts Run on a Bank Which Threatens Disaster. Chicago, April 4.-The Chronicle today says: As the result of an April Fool joke the private bank of Kaspar & Karel experienced a run, during which up to the close of banking hours yesterday afternoon fully $$200,000 was withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence last night that the storm had been weathered. He expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man whose identity has not been revealed to Kaspar said in a nearby saloon last Sunday, with an air of deep mystery, that the Kaspar & Karel bank would have a sensational April Fool's joke for its depositors. The remark gained many meanings in circulation and the following day the run began. The, concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1.250,000, with corresponding liabilities. Throughout the run Mr. Kaspar has been in receipt of offers of assistance in themselves more than sufficient to meet the drain, without the normal sources of the bank.


Article from Evening Times-Republican, April 4, 1903

Click image to open full size in new tab

Article Text

STARTED RUN ON BANK. April Fool Joke Was Serious for Chicago Institution. Chicago, April 4.-The Chronicle says: As the result of the April fool joke the private bank of Kaspar & Karel experienced a run yesterday, during which $200,000 were withdrawn by the depositors. It IS thought the run is now over. A man as yet unknown remarked Sunday that the bank would have a sensational April fool joke and the report gained widespread currency, and the run resuted.


Article from Deseret Evening News, April 4, 1903

Click image to open full size in new tab

Article Text

AN APRIL FOOL JOKE, Causes a Big Run on a Chicago Private Bank. Chicago, April 4.-The Chronicle today says: As the result of an April fool joke the private bank of Kaspar and Karel, experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by 400 of the 900 depositors. The:president, William Kasper, expressed confidence last night that the storm had been weathered. He, expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kasper, said in a nearby saloon last Sunday with an air of deep mystery that the Kasperand Karel bank would have a sensational April fool's joke for its depositors. The remark gained in circulation and the following day the run began, The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000 with corresponding liabilities. Throughout the run Mr. Kasper has been in receipt of offers of assistance in themselvesp more than sufficient to meet the drain, without the normal resources of the bank.


Article from The Providence News, April 4, 1903

Click image to open full size in new tab

Article Text

AN APRIL FOOL JOKE. Caused Run on a Bank During Which $200,000 Was Withdrawn By Depositors. Chicago, April 4.-As the result of an April fool joke the private bank of Kaspar & Karel has experienced a run, during which fully $200,000 was withdrawn by 400 of the 900 depositors. President Kaspar expresses confidence that the storm has been weathered. He expectsno further withdrawals today but declared entire readiness to meet and legitimate demands that might be made. A man, whose identity has been revealed to Mr. Kaspar, said in a nearby saloon Sunday, with an air of deep mystery, that the Kaspar & Karel bank would have a sensational April fool's The remark joke for its depositors. gained many meanings in circulation and the following day the run began. The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000, with corresponding liabilities. Throughout the run Mr. Kaspar has been in receipt of offers of assistance in themselves more than sufficient to meet the drain, without the normal resources of the bank.


Article from Deseret Evening News, April 4, 1903

Click image to open full size in new tab

Article Text

AN APRIL FOOL JOKE, Causes a Big Run on a Chicago Private Bank. Chicago, April 4.-The Chronicle today says: As the result of an April fool joke the private bank of Kaspar and Karel, experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by 400 of the 900 depositors. The-president, William Kasper, expressed confidence last night that the storm had been weathered. He expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kasper, said in a near. by saloon last Sunday with an air of deep mystery that the Kasperand Karel bank would have a sensational April fool's joke for its depositors. The remark gained in circulation and the following day the run began. The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000 with corresponding liabilities. Throughout the run Mr. Kasper has been in receipt of offers of assistance In themselvesp more than sufficient to meet the drain, without the normal resources of the bank.


Article from The Savannah Morning News, April 5, 1903

Click image to open full size in new tab

Article Text

APRIL FOOL CAUSED RUN ON A BANK. Before the Tide Was Stopped, $200,000 Had Been Withdrawn. Chicago, April 4.-The Chronicle today says: As the result of an April fool joke, the private bank of Kaspar & Karel experienced a run, during which fully $200,000 has been withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence that the storm had been weathered. He expected no further withdrawals to-day, but declared entire readiness to meet any legitimate demands that may be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon Sunday, with an air of deep mystery, that the Kaspar & Karel Bank would have a sensational April fool's joke for its depositors. The remark gained many meanings in circulation, and the following dav the run began


Article from New-York Tribune, April 5, 1903

Click image to open full size in new tab

Article Text

BANK RUN RESULT OF APRIL FOOL JOKE. Chicago. April 4.- "The Coronicle" to-day says that as the result of an April fool joke the private bank of Kaspar & Karel experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by four hundred of the nine hundred depositors. The president. William Kaspar, expressed confidence last night that the storm had been weathered. He expected no further withdrawals, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon on Sunday, with an air of deep mystery. that the Kaspar & Karel bank would have a sensational April fool joke for its depositors. The remark gained many meanings in circulation, and the following day the run began. The concern is capitalized at $150,000. and the last monthly statement disclosed assets in the neighberhood of $1,250,000. with corresponding liabilities. Throughout the run Mr. Kaspar has been in reof offers of assistance in themselves more than ceipt sufficient to meet the drain, without the normal resources of the bank.


Article from Omaha Daily Bee, April 5, 1903

Click image to open full size in new tab

Article Text

JOKE STARTS RUN ON BANK April Fool Custom Almost Ruins a Private Financial Institution in Chicago. CHICAGO, April 4.-As the result of an April fool joke the private bank of Kaspar & Karel experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence last night that the storm had been weathered. He expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon last Sunday, with an air of deep mystery, that the Kaspar & Karel bank would have a sensational April fool's joke for its depositors. The remark gained many meanings in circulation and the following day the run began. The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000, with corresponding liabilities. Throughout the run Mr. Kaspar has been in receipt of offers of assistance in themselves more than sufficient to meet the drain without the normal resources of the bank.


Article from The News & Observer, April 7, 1903

Click image to open full size in new tab

Article Text

COSTLY APRIL FOOL JOKE. Causes a Heavy Run on the Private Bank of Kasper and Karel. (By the Associated Press.) Chicago, Ills., April 4.-The Chronicle today says: As the result of an April fool joke the private, bank of Kaspar and Karel experienced a run, during which fully $200,000 has been withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence that the storm had been weathered. He expected no further withdrawals today but declared entire readiness to meet any legitimate demands that may be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon Sunday, with an air of deep mystery that the Kaspar and Karel bank would have a sensational April fool's joke for its depositors, The remark gained many meanings in circulation and the following day the run began.


Article from The Coalville Times, April 10, 1903

Click image to open full size in new tab

Article Text

NEWS SUMMARY. The union painters of Cleveland, O., have won their strike. Tests have been made in London of the new wireless telephone system with great success. In Jackson, Mich., two hundred and fifty laborers and masons struck for an increase in wages. Charley Flemming, aged 9. has been kidnapped from Somerville, Mass., and no trace can be found of him. Minister Merry reports to the state department, in a cablegram, that martial law has been proclaimed in Nicaragua. The boiler of the barge Fitzpatrick blew up off Long Island, the boat sinking immediately, five men being drowned. John Crassen, while resisting arrest, was shot and killed by Frank Wilson, a deputy sheriff, in a saloom at Naco Arizona. At Franklinton, N. C., the house occupied by Rufus Daniel, colored, was destroyed by fire and four of his children burned to death. Eight men are known to be killed and fourteen entombed as the result of an explosion of gas in the Koenig Luiz mine at Ostfield, Russia. John McQuade, for thirty-three years treasurer of Tammany hall, is dead. McQuade was an ex-police justice and a strict leader. He made a fortune as a contractor. The German press treats President Roosevelt's speech at Chicago on the Monroe doctrine in a kindly way, the irritation caused by the Dewey Interview having passed. In a tornado which struck English, Indiana, Mrs. George Cunningham was killed and her ten-year-old son suffered a fractured skull. Their house was blown down on them. Unless it is shown conclusively that the foot and mouth disease does not exist among cattle in northern Kansas, the state of Nebraska will quarantine against Kansas. About 400 wagon-makers in Pittsburg, Pa., struck for an increase in wages of 15 per cent, recognition of the union, a nine-hour day and time and a half for all overtime work. The first hanging in the history of Armstrong county, Pennsylvania, took place last week, when Frank Dudash, who killed his cousin, Joseph Fedelen, on October 16, 1901, was executed. The quarterly estimate of the value of foreign coins issued by the director of the mint shows a decrease in value of silver for the last three months of .01206 cents per fine ounce. As the result of an April fool joke, the private bank of Kaspar & Karel of Chicago experienced a run, during which up to the close of banking hours fully $200,000 was withdrawn by 400> of the 900 depositors. The most severe hailstorm ever experienced in La Cross, Wis., caused great damage to all greenhouses and conservatories. The hailstones, which were an inch in diameter, came down thickly for fifteen minutes. Lieutenant Joel R. Lee of the Tenth infantry who was tried by court martial at Iligan, Island of Mindanao, on the charge of manslaughter, has been acquitted. The case arose from the killing of two native prisoners of war. With the book that he had been reading still grasped in his hands, Dr. !scar Steur, a Yale graduate and a trofound student, was found dead in his room in Washington. Nearby was a small gas stove, the tube of which was partly disconnected. Joseph Stearks of New HΓ‘ven, better known as Kid Stearks, who was knocked out in a boxing match with Max Holmes of Bridgeport, Conn., is dead from his injuries. Holmes was released on bail of $1,000 upon the charge of manslaughter. The ploice of Milan attempted to disperse the Socialists, and during the fighting which followed a stone Was hurled at the escutcheon on the Russian consulate, the flagstaff was broken, at police officer was injured, and four men were arrested. Mrs. Jennie Impke, widow of Fred Impke, the miner whose firing of an overcharge of powder at a coal mine at Athens, III., resulted in a concussion which caused the death of himself and five other miners, attempted suicide by taking laudanum. According the the officials of the bank at Legar, O. T., which was robbed by three men, who escaped after fatally shooting a citizen, currency to the amount of $8,000 was taken. A large Indian payment was due, and the funds were in the bank.