gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
83c426ef162366b7
Response Measures
None
Events (1)
1.January 17, 1905Run
Cause
Rumor Or Misinformation
Cause Details
Anonymous letters urged depositors to withdraw funds; also possible large cash withdrawals by brewers circulated to saloons.
Measures
Bank announced it would reopen at 9:00 the next morning and that depositors wishing to withdraw would be promptly paid; run subsided the same day.
Newspaper Excerpt
A run was started today on the Citizens' Bank, due, according to President Joseph Block, to the sending out of anonymous letters stating that depositors would serve their interests by withdrawing their deposits.
Source
newspapers
Newspaper Articles (10)
1.January 18, 1905Daily Kennebec JournalAugusta, ME
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Article Text
Cause a Run on the Citizens' Bank at Buffalo, N. Y. Buffalo, N. Y., Jan. 17.-A run was started. today. on the Citizens' Bank. due, according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits," and possibly to the withdrawal of large sums of money by brewers. which they sent around to saloons for the purpose of cashing pay checks of railroad men. About : o'clock, about 50 persons were in the bank. some withdrawing and others depositing money. At 4.45, it was announced from the bank that the run was nearly over. Depositors were informed that the bank would reopen, at 9 o'clock tomorrow morning. and that all depositors wishing to withdraw their money would be promptly paid. It was announced that the withdrawals during the day amounted to about $100,000.
2.January 18, 1905Rock Island ArgusRock Island, IL
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Article Text
RUN ON A BUFFALO BANK Anonymous Writer Sends Depositors in an Army to Citizens' Institution. Buffalo, N. Y., Jan. 18.-A run on the Citizens' bank was started yesterday, due, according to President Joseph Block, to recepit by depositors of anonymous letters stating that they would serve their interests by withdrawing their deposits. At 4:45 it was announced from the bank that the run practically was over.
3.January 18, 1905The Saint Paul GlobeSaint Paul, MN
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Article Text
Buffalo--A harmless run was started on the Citizens' bank, due, it is said, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits."
Run on Buffalo Bank. BUFFALO. Jan. 18.-A run was started yesterday on the Citizens' bank. lasting only for the day. due. according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of cashing pay checks of railroad men.
Run on Buffalo Bank. BUFFALO, Jan. 18.-A run was started yesterday on the Citizens' bank, lasting only for the day, due, accordIng to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their Interests by withdrawing their deposIts" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of cashing pay checks of railroad men.
Run on Buffalo Bank. BUFFALO. Jan. 18.-A run was started yesterday on the Citizens' bank. lasting only for the day. due, according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of eashing pay checks of railroad men.
7.January 19, 1905The ColumbianBloomsburg, PA
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Article Text
Run on Buffalo Bank. BUFFALO, Jan. 18.-A run was started yesterday on the Citizens' bank, lasting only for the day, due, according to President Joseph Block, to the sending out of anonymous letters stating that "depositors would serve their interests by withdrawing their deposits" and possibly to the withdrawal of large sums of money by brewers which they sent around to saloons for the purpose of cashing pay checks of railroad men.
8.January 19, 1905The CitizenBerea, KY
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Article Text
Run on a Buffalo Bank. Buffalo, N. Y., Jan. 18.-A run was started on the Citizens' bank due, according to President Jos. Block, to the sending out of ananymous letters stating that "depositors would serve their interests by withdrawing their deposits."
9.January 19, 1905Ottumwa Tri-Weekly CourierOttumwa, IA
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Article Text
LETTERS START BANK RUN. Anonymous Writer Sends Depositors in an Army to Buffalo Institution. Buffalo, N. Y., Jan. 18.-A run on the Citizens' bank was started yesterday, due, according to President Joseph Block, to receipt by depositors of anonymous letters statting that they would serve their interests by withdrawing their deposits. At 4:45 it was announced from the bank that the run was practically over.
10.January 24, 1905Wausau PilotWausau, WI
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Article Text
Letters Start Run on Bank. A run was started in the Citizens' Bank in Buffalo, due, according to President Joseph Block, to the sending out of anonymous letters asserting "depositors would serve their interests by withdrawing their deposits." Late in the day it was announced the run was virtually over.
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.
