gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
09f89b9c27685877
Response Measures
None
Description
Article is terse and refers generically to the Chicago bank without naming which institution.
Events (1)
1.June 8, 1893Run
Cause Details
Immediate cause not specified in the article; intervention by Armour & Co. prevented the run.
Measures
Armour & Co. intervened to prevent the run (provided support to stop withdrawals).
Newspaper Excerpt
ARMOUR & Co. did the square thing in preventing a run on the Chicago bank. It was wise.
Source
newspapers
Newspaper Articles (1)
1.June 8, 1893San Antonio Daily LightSan Antonio, TX
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Article Text
. ARMOUR & Co. did the square thing in preventing a run on the Chicago bank. It was wise.
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.