gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9b2d486b7415ade1
Response Measures
Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health
Description
Some articles spell the town as Ziegler (OCR variant).
Events (2)
1.January 17, 1922Chartered
Source
historical_nic
2.March 16, 1927Run
Cause
Rumor Or Misinformation
Cause Details
Threatened run driven by rumors circulated by irresponsible persons about the bank's condition.
Measures
Air shipment of $200,000 in cash from First National Bank in St. Louis to Zeigler to reassure depositors and avert withdrawals.
Newspaper Excerpt
Philip R. Love, air mail pilot, today carried $200,000 in cash from the First National Bank here to Zeigler, Ill., to avert a threatened run on the First National Bank there because of rumors circulated by irresponsible persons.
Source
newspapers
Newspaper Articles (9)
1.March 16, 1927Brooklyn EagleBrooklyn, NY
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Article Text
Plane Rushes $200,000 to Halt Run on Bank
St. Louis, March 16 (P)-Flying at a clip, Philip R. Love, Air Mail pilot, today carried $200,000 in cash from the First National Bank here to Zeigler, III., to avert a threatened run on the First National Bank there because of rumors circulated by irresponsible persons.
2.March 16, 1927Morning PioneerMandan, ND
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Article Text
St. Louis, mail airplane used the First National Bank today to rush money shipment said to have been more than $100,000 bank in Ziegler, III., which was threatened by heavy run.
Buffalo N. were burn five of them seriously and possibly fatally in an dust at the plant of the au tomatic transportation company today.
Law Is Powerless To Aid This Crippled N. C. Girl
$200,000 BY AIR SENT BANK FOR THREATENED RUN
ST LOUIS March 16. hour Love, mail today shipment in cash from the First National Bank here Zeigler, III., avert threatened run on the First National Bank there rumors circulated by irresponsible per-
Officials both banks clared Zeigler institution in condition with of more than 000.
4.March 17, 1927The Star PressMuncie, IN
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Article Text
MAIL FLYER CARRIES $200,000 IN CASH TO AVERT RUN ON BANK
St. Louis, March hour, Philip R. ing at 100 miles an Love, air mail pilot, today carried $200,000 in cash from shipment of National Zeigler, First National Bank the of rumors circulated because irresponsible persons. institutions deOfficials of Zeigler institution clared the resources of sound condition, than $1,000,000. more
5.March 17, 1927Reading TimesReading, PA
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Article Text
IN CASH STOP RUN ON BANK
LOUIS, March mile an hour clip, Philip Love, air pilot, today carried $200,000 in from First National here Zeigler, Ill., avert threatened the First National bank there because rumors circulated by persons.
Resort To Air Mail In Staving Off Run On Illinois Bank
ST LOUIS. March 16 mile hour Philip R. Love, mail pilot, carried shipment $200,000 cash from First National here to to run the First tional there because of rumors circulated by irresponsible persons Officials of both banks declared the Zeigler sound resources of more than $1,000,000.
PLANE CARRIES $200,000 TO AVERT RUN ON BANK
ST. LOUIS. March 100-mile an hour clip, Philip R. Love. air mail pilot. today carried ship ment $200,000 cash from First National Bank here to Zeigler III.. threatened run on the First Bank Officials declared the Zeigler in sound dition resources of more than
8.March 17, 1927Evansville Courier and PressEvansville, IN
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Article Text
RUN ON ILLINOIS BANK AVERTED
ST. LOUIS, Mo., March Flying Philip R. Love, air Allot. carried shipment $200,000 cash from the First National here to Zeigler, to avert threatened the First National bank there because of rumors culated by Officials both banks declared the Zeigler institution in sound condition resources of
9.March 17, 1927Omaha World-HeraldOmaha, NE
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Article Text
PLANE CARRIES CASH: AVERTS RUN ON BANK St. Louis, Mo., March 16 (AP). one Philip Love, mail today carried ship. ment of 200 thousand dollars cash from the National bank Zeigler, 111., threatened the First National there because rumors circulated irresponsible persons. Officials both banks declared the Zeiinstitution was sound condition resources more than one million dollars.
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.