gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b54c9701c08644dd
Response Measures
None
Description
Contemporary reports state a run triggered by a teacher's statement led to the bank's failure; the teacher later died, halting the probe.
Events (3)
1.September 23, 1882Chartered
Source
historical_nic
2.January 19, 1924Run
Cause
Rumor Or Misinformation
Cause Details
A teacher told her pupils the bank was on a shaky foundation, precipitating heavy withdrawals
Newspaper Excerpt
the teacher whose statement to her pupils that a certain bank in the city was on a shaky foundation is believed to have caused a run on the bank
Source
newspapers
3.January 19, 1924Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank failed after the run believed to be caused by the teacher's statement
Newspaper Excerpt
Death halted an investigation of the cause of the failure Saturday of the First National Bank of Grand Island
Source
newspapers
Newspaper Articles (6)
1.January 23, 1924The Kansas City TimesKansas City, MO
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Article Text
GOSSIP WRECKED A BANK.
Then Girl, Whose Word Caused Run, Is Asphyxiated With Companion.
GRAND ISLAND, NEB., Jan. 22.—Death halted an investigation of the cause of the failure Saturday of the First National Bank of Grand Island.
The teacher whose statement to her pupils that a certain bank in the city was on a shaky foundation is believed to have caused a run on the bank, was found dead in the gas filled garage of Claude Thompson. Thompson, in the car beside the girl, was also dead. The teacher was Miss Lena Elaine Veit, 24 years old.
The girl did not live to know that the bank had failed. She and Thompson had evidently been asphyxiated by the fumes from the car in the closed garage sometime Friday night.
2.January 24, 1924New Castle HeraldNew Castle, PA
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Article Text
CAUSES RUN ON BANK; IS FOUND DEAD
GRAND ISLAND, Neb., Jan. 24.—Death halted an investigation of the cause of the failure Saturday of the First National Bank of Grand Island. The teacher whose statement to her pupils that a certain bank in the city was on a shaky foundation, is believed to have caused a run on the bank, was found dead in the gas-filled garage of Claude Thompson. Thompson, who was in the car beside the girl, was also dead.
The teacher was Miss Lena Elaine Veit, aged 24. The girl did not live to know that the bank had failed. She and Thompson had evidently been asphyxiated by the fumes from the car in the closed garage some time Friday night.
3.January 24, 1924Pittsburgh Post-GazettePittsburgh, PA
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Article Text
CAUSES BANK RUN, SHE'S FOUND DEAD
GRAND ISLAND, NEB., Jan. 23.—(New York Times Service.)—Death halted an investigation of the cause of the failure Saturday of the First National Bank of Grand Island. The teacher whose statement to her pupils that a certain bank in the city was on a shaky foundation, is believed to have caused a run on the bank, was found dead in the gas-filled garage of Claude Thompson. Thompson, who was in the car beside the girl, was also dead.
The teacher was Miss Lena Elaine Veit, aged 24. The girl did not live to know that the bank had failed. She and Thompson had evidently been asphyxiated by the fumes from the car in the closed garage some time Friday night.
4.January 25, 1924Argus-LeaderSioux Falls, SD
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Article Text
GOSSIP WRECKED BANK; DEATH HALTS PROBE
Grand Island, Neb. Jan. 25—Death halted an investigation of the cause of the failure Saturday of the First National Bank of Grand Island.
The teacher whose statement to her pupils that a certain bank in the city was on a shaky foundation is believed to have caused a run on the bank, was found dead in the gas filled garage of Claude Thompson. Thompson in the car beside the girl, was also dead. The teacher was miss Lena Elaine Veit, 24 years old.
The girl did not live to know that the bank had failed. She and Thompson had evidently been asphyxiated by the fumes from the car in the closed garage sometime Friday night.
5.January 25, 1924The Morning HeraldUniontown, PA
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Article Text
CAUSES RUN ON BANK AND LOSES OWN LIFE
GRAND ISLAND, Neb., Jan. 24. — Death halted an investigation of the cause of the failure Saturday of the First National Bank of Grand Island. The teacher whose statement to her pupils that a certain bank in the
6.February 6, 1924Tri-County IndependentHonesdale, PA
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Article Text
GIRL GOSSIP DIES OF GAS
Grand Island, Neb., Feb. 5. -- Death halted an investigation of the cause of the failure last week of the First National Bank of Grand Island.
The teacher whose statement to her pupils that a certain bank in the city was on a shaky foundation is believed to have caused a run on the bank was found dead in the gas filled garage of Claude Thompson. Thompson, in the car beside the girl, was also dead. The teacher was Miss Lena Elaine Veit, 24 years old.
The girl did not live to know that the bank had failed. She and Thompson had evidently been asphyxiated by the fumes from the car in the closed garage some time during the night.
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.
