gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2252cc9f0ad1b194
Response Measures
None
Events (1)
1.January 17, 1861Run
Cause
Macro News
Cause Details
Depositors withdrew funds due to alarm and rumors of impending war.
Newspaper Excerpt
A few days since their wives ... went to the Savings Institution and drew out their deposits by getting checks on the Bank of Brattleboro. On these checks they demanded and received the gold which they deliberately counted, found all right, and re-deposited - not in Bank - but in their old stockings!
Source
newspapers
Newspaper Articles (3)
1.January 17, 1861Vermont PhลnixBrattleboro, Bellows Falls, Ludlow, VT
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Article Text
"ALL ON ACCOUNT OF THE WAR."-Three - or four Irishmen in this village have become greatly alarmed on account of war and rumors of war. A few days since their wives (the women are the financial members of Irish partnerships) went to the Savings Institution and drew out their deposits by getting checks on the Bank of Brattleboro. On these checks they demanded and received the gold which they deliberately counted, found all right, and re-deposited-not in Bank-but in-their old stockings! "An sure there'll be war-r," was the reason assigned for this summary "removal of the deposits."
2.January 25, 1861Vermont Watchman and State JournalMontpelier, VT
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Article Text
ALL ON ACCOUNT OF THE WAR."- Three or four Irishmen in this village have become greatly alarmed on account of war and rumors of war. A few days since their wives (the woman are the financial members of Irish partnerships) went to the Savings Institution and drew out their deposits by getting checks on the Bank of Brattleboro. On these checks they demanded and received the gold which they deliberately counted, found all right, and re-deposited-not in Bank- - but in-their old stockins "An sure there'll be war-r," was the reason assigned for this summary "removal of the deposits - -Phenix
" ALL ON ACCOUNT OF THE WAR," - -Three or four Irishmen in this village have become greaty alarmed on account of war and rumors of war. A few days since their wives (the women re the financial members of Irish partnerships) went to the Savings Institution and drew out deposite by getting checks on the Bank of Brattleboro On these checks they demanded and received the gold which they deliberately counted found all right, and re-debosited- - not n the Bank-hut in--their old stockings An sure there'll be war-r, was the reason resigned for this summary removal of the deposits. - -Pheomur.
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.
