gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
38dfe5c16331e0ef
Response Measures
None
Events (1)
1.December 21, 1896Run
Cause
Local Banks
Cause Details
Small runs triggered by the collapse of the National Bank of Illinois and related local failures
Measures
Officials paid out deposits as fast as possible; doors opened early and payouts continued
Newspaper Excerpt
A run was in progress on the Garden City bank, situated in the chamber of commerce building on Washington and LaSalle streets, Monday afternoon. There were 100 people in line waiting to withdraw deposits
Run on a Chicago Bank. CHICAGO, Dec. 21.-A run was in progress on the Garden City bank, situated in the chamber of commerce building on Washington and LaSalle streets, Monday afternoon. There were 100 people in line waiting to withdraw deposits and on the sidewalk a large crowd, which was increasing rapidly, have gathered waiting an opportunity to enter the bank. The bank officials say that they have fully fifty per cent. of the amounts deposited on hand and are paying out to all depositors as fast as possible.
2.December 23, 1896Deseret Evening NewsSalt Lake City, UT
Click image to open full size in new tab
Article Text
As a Result of the Fallure, CHICAGO, Dec. 22.-The Jailure of Augus & Gindele, general contractors; the American Brewing, Malting and Elevator company; the George A. Weiss Malting and Elevator company, and George A. Welss individually, all of these belug due to the collapse of the National bank of Illinois, and small runs on three banks, were the echoos today of the bank failures of yesterday. Runs were made on the Garden City Banking and Trust company, the Hisernian Savings bank and the Illinois Trust and Savings bank, but none of the runs were of much importance.
3.December 23, 1896The Wilmington Daily RepublicanWilmington, DE
Click image to open full size in new tab
Article Text
More Failures in Chicago. CHICAGO, Dec. 23.-The - failures of Angus & Gindele, general contractors; the American Brewing, Malting and Elevator company, the George A. Weisse Malting and Elevator company and George A. Weisse individually, all of these beisg due to the collapse of the National Bank of Illinois, and small runs on three banks were the echoes yesterday of the bank failures of Monday. Runs were made on the Garden City Banking and Trust company, the Hibernian Savings bank and the Illinois Trust and Savings bank, and none of the runs was of much importance. Before the close of banking hours the excitement had completely died out.
4.December 23, 1896The Evening HeraldShenandoah, PA
Click image to open full size in new tab
Article Text
More Failures in Chicago. CHICAGO, Dec. 23-The failures of Angus & Gindele, general contractors: the American Brewing, Malting and Elevator company, the George A. Weisse Malting and Elevator company and George A. Weisse individually, all of these being due to the collapse of the National Bank of Illinois, and small runs on three banks were the echoes yesterday of the bank failures of Monday. Runs were made. on the Garden City Banking and Trust company, the Hibernian Savings bank and the Illinois Trust and Savings bank, and none of the runs was of much importance. Before the close of banking hours the excitement had completely died out.
CHICAGO, Dec. 21.-A run was yesterday was in progress on the Garden City bank, situated in the Chamber of Commerce building on Washington and La Salle streets. Officials say that they have fully 50 per cent of the amounts deposited on hand, and paid out to all depositors 82 fast as possible.
ALMOST A PANIC. Several Failures and Financial Distrust Makes Excitement in Chicago. CHICAGO. Dec. 23.-The vailures of Angus & Gildele, general contractors; the American Brewing, Malting & Elevator Co.; the George A Weisse Malting & Elevator Co., and George A. Weisse, individually, all of these being due to the collapse of the National Bank of Illinois, and small runs on three banks, were the echoes yesterday of the bank failures of Monday. Runs were made on the Garden City Banking & Trust Co., the Hibernian savings bank and the Illinois Trust & Savings bank, but none of the runs were of much importance.
7.December 25, 1896The Cambria FreemanEbensburg, PA
Click image to open full size in new tab
Article Text
MORE FAILURES IN CHICAGO. Runs on Three Banks Owing to Monday's Banks Collapse. CHICAGO, Dec. 23.-The failures of Angus & Gindele, general contractors, the American Brewing, Malting and Elevator company, the George A. Weisse Malting and Elevator company and George A. Weisse, individually, all of these being due to the collapse of the National Bank of Illinoise, and small runs on three banks were the echoes of the big bank failures. Runs were made on the Garden City Banking and Trust company, the Hibernian Savings bank and the Illinois Trust and Savings bank, but none were of much importance.
8.December 25, 1896The Cambria FreemanEbensburg, PA
Click image to open full size in new tab
Article Text
MORE FAILURES IN CHICAGO. Runs on Three Banks Owing to Monday's Banks Collapse. CHICAGO, Dec. 23.-The failures of Angus & Gindele, general contractors, the American Brewing, Malting and Elevator company, the George A. Weisse Malting and Elevator company and George A. Weisse, individually, all of these being due to the collapse of the National Bank of Illinoise, and small runs on three banks were the echoes of the big bank failures. Runs were made on the Garden City Banking and Trust company, the Hibernian Savings bank and the Illinois Trust and Savings bank, but none were of much importance.
9.December 26, 1896The Kimball GraphicKimball, SD
Click image to open full size in new tab
Article Text
Run on the Garden City Bank. Chicago, Dec. 22.-A run is in progress on the Garden City bank, situated in the Chamber of Commerce building, on Washington and La Salle streets, this afternoon. There are 100 people in line waiting to withdraw deposits, and on the sidewalk outside a large crowd, which is increasing rapidly. has gathered, waiting an opportunity to enter the bank. The bank officials says that they have fully 50 per cent of the amounts deposited on hand and are paying out to all depositors as fast as possible.
FLURRY KMONG DEPOSITORS Withdrawals Soob Checked in 111 the Banks Chicago Dec. 22.- There is quite is It Ue fun on the Illinois Print and Savings bank Depositors are handed thirty day notices except where they can satisfy the officials that the money they desire is for is legitimate purpose. Runs were made vesterday on several banking institutions, notably the Garden City Banking & Trust company Its doors Were opened 80 hour before bank ing hours today. By 10:0'clock the with drawals had ceased and deposits had trebled the amount taken out. With drawals from other banks were few It 14 generally expected that Examiner Me. Keen will be appointed receiver perma mently of the National bank of Hinnors.
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.
Flag Article for Review
Flag Episode for Review
Garden City Banking & Trust Company · UID 2602545891164
