Niles State Bank - Niles, CA

Episode Information

Episode UID: 90064271297
Episode Type: Run Only
Bank Type: state
Bank ID: 9006427 routing
Routing Number: 90-0642
Start Date: January 29, 1908
Location: Niles, California (41.837, -86.252)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 8dee3627cda78889

Response Measures

None

Events (1)

1. January 29, 1908 Run

Cause: Rumor Or Misinformation
Cause Details: A libelous (false) letter by J. W. Clarke to stockholders and others prompted withdrawals.
Random Run: Yes
Random Run Snippet: libelous letter January 29 caused a run; letter described as libelous
Measures: Bank president instructed to institute a $20,000 libel suit against the author of the letter.
Newspaper Excerpt: a libelous letter written by him January 29th to the stocknolders and others, which caused a run on the bank.
Source: newspapers

Newspaper Articles (1)

1. February 14, 1908 Amador Ledger Jackson, CA

Article from Amador Ledger, February 14, 1908

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Article Text

Twenty Thousand Dollar Damage Law Suit We are informed by Jackson Dennis, president of the Niles State Bank that at a meeting of the directors Friday he was instructed to immediately in. stitute a suit against J. W. Clarke of Livermore for $20,000 damages, caused by him to the bank by a libelous letter written by him January 29th to the stocknolders and others, which caused a run on the bank.-Niles Press.

Episode Information

Metadata

Response Measures

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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