The Farmers' bank is in the hands of a receiver. A discrepency of $8,000 in the books was discovered. Cashier C. E. Gaines has resigned.
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Newspaper Articles (1)
1.September 21, 1910The Paducah Evening SunPaducah, KY
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Article Text
Bank Books Irregular
Salvisa, Ky., Sept. 21. (Special.)- The Farmers' bank is in the hands of a receiver. A discrepency of $8,000 in the books was discovered. Cashier C. E. Gaines has resigned. |
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.