gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2992570ef79c21ba
Response Measures
None
Description
Articles also refer to the bank as Union Savings Bank & Trust Company.
Events (1)
1.March 24, 1905Run
Cause
Rumor Or Misinformation
Cause Details
Postal cards and malicious rumors were circulated urging depositors to withdraw funds; bank officials said the alarms were without foundation.
Random Run
Yes
Random Run Snippet
Postal cards advised depositors to withdraw; alarms no foundation for the fright
Measures
All demands were promptly met; police maintained order; offers of assistance were received (not accepted).
Newspaper Excerpt
A run on the Union Savings Bank & Trust Co alleged to have been caused by a conspiracy has continued two days.
Source
newspapers
Newspaper Articles (10)
1.March 25, 1905The Fargo Forum and Daily RepublicanFargo, ND
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Article Text
CINCINNATI BANK SCARE RUN STARTED ON A SAVINGS BANK Some One Circulated Postal Cards Advising the Depositors to Get Their Money Out-No Foundation for the Fright. Cincinnati, March 25.-A run on the Union Savings Bank & Trust Co4 alleged to have been caused by a conspiracy has continued two days. Today the bank was crowded with excited depositors. One woman was badly injured. It is charged postal cards advising the depositors to withdraw deposits were sent out and efforts are being made to discover the guilty person, The bank is perfectly solvent.
2.March 25, 1905The Daily SentinelGrand Junction, CO
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Article Text
Cinginnati, O., Mar. 25. - (Speétal.) There was a big run today on the Union Savings Bank & Trust Company, The institution was one of the largest in the city and had $2,500,000 cash on hand and $18,000,000 deposits. The officials claim that there was a conspluacy to ruin the bank, and that postals had been sent through the malls to depositors urging them to withdraw their deposits from the bank. The run has been checked.
3.March 25, 1905The Evening StatesmanWalla Walla, WA
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Article Text
RUN ON CINCINNATI BANK. Union Savings Bank Meets All Demands Promptly. CINCINNATI, March 25.-The run which started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in this city, continued today. The bank was crowded and police were required to maintain order. All demands were promptly met. The bank has received many offers of assistance. The officers of the bank assert the run was started by malicious rumors, deliberately started by means of postal cards. They will request the postal authorities to investigate.
4.March 25, 1905The Spokane PressSpokane, WA
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Article Text
START A RUN ON CINCINNATI SAVINGS BANK (Scripps News Association.) CINCINNATI, O., March 25.-The run which started yesterday on the Union Savings Bank & Trust company, one of the strongest financial concerns in this city, continued today. The bank was crowded. The police maintained order. All demands were promptly met. The bank received many offers of assistance. Officers of the bank assert the run was started by malicious rumors, deliberately started by means of postal cards. They will request the postal authorities to investigate.
5.March 25, 1905Alexandria GazetteAlexandria, VA
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Article Text
Run on Bank. Cincinnati, O., March 25.-A run which was started yesterday on the Union Savings Bank and Trust Company, one of the strongest financial concerns in the city, continued today. A squad of police is on hand to preserve order. The majority of those withdrawing are small depositors, many of them women. Offers of money in large sums are coming to the officers of the company from large banks all over the country, but none of these has been accepted. The officers have made a statement saying: "We know who started the run on the Union Savings Bank by malicious. rumors, deliberately disseminated,"
6.March 25, 1905The Seattle StarSeattle, WA
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Article Text
RUN CONTINUES (By Scripps News Ass'n.) CINCINNATI, March 25.-The run which started yesterday on the Union Savings Bank & Trust company, one of the strongest financial concerns in this city, continued today. The bank is crowded with police to maintain order. All demands are promptly met. The officers of the bank assert that the run was started by malicious rumors deliberately started by means of postal cards. They will request the postal authorities to investigate.
Police Goard Exceed the Crowd. CINCINNATI. O., March 28. - The run on the Union Savings Bank and Trust company has exhausted Itself. and the police who had been sent to the bank to preserve order exceeded in number the depositors who wished withdraw their money. to
8.March 31, 1905The Stark County DemocratCanton, OH
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Article Text
Run on Bank Stopped. Cincinnati, O., March 27.-The run on the savings department of the Union Savings Bank and Trust Company which commenced last Friday morning and was marked in its early stages with great excitement among the throngs of small depositors came to a close shortly after noon today. The officials state that about $1,000,000 was drawn out mostly by the small depositors during the run.
9.May 26, 1905Americus Times-RecorderAmericus, GA
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Article Text
Holzman & Co., Assigns. Cincinnati, May 25.-Holzman & Co. the bankers and brokers in the Union Trust building and members of Stock Exchange of New York, assigned today to Lipman Levy. Alfred Holzman, a member of the firm, says their assets and liabilities are about equal-$1,000,000. He attributes their embarrass ment to the remors concerning the loss of $55,900 from the reserve fund of the German National bank and to the recent run on the Union Trust compay bank and the withdrawal of a former partner.
10.May 26, 1905The Pensacola JournalPensacola, FL
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Article Text
CINCINNATI BROKERS MADE AN ASSIGNMENT. By Associated Press: Cincinnati, May 25.-Hoizman & Co bankers and brokers in the Union Trust building and members of the New York exchange. assigned to-day, to Lipman Levy. Alfred Holzman, a member of the firm says their assets and liabilities are about equal-$100.000. He attributes their embarrassment to the rumors concerning the loss of $55,000 from the reserve of the German National bank and to the recent run on the Union Trust Company bank and the withdrawal of a former partner.
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.
