gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
051474a9017a71b8
Response Measures
None
Events (3)
1.July 28, 1884Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors steadily withdrew funds over several days, causing heavy withdrawals and loss of confidence.
Newspaper Excerpt
A slow but steady run had been going on for several days.
Source
newspapers
2.July 29, 1884Other
Newspaper Excerpt
A receiver will be appointed at once.
Source
newspapers
3.July 29, 1884Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended after sustained withdrawals; receiver to be appointed and deposits (including county school fund) affected.
Newspaper Excerpt
The Commercial bank has suspended.
Source
newspapers
Newspaper Articles (14)
1.July 29, 1884Evening StarWashington, DC
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Article Text
An Indiana Failure. A BANK AT BRAZIL PUTS UP ITS SHUTTERS. BRAZIL IND., July 29.-The Commercial bank has suspended. Liabilities about $140,000. Assets nominaliy $170,000. it is said the entire county school fund is in the bank. The Commercial bank closed its doors yesterday. It is a private banking company, having a capital of $100,000, and deposits to the same amount. Among the deposits are funds of nearly every township in the county. Indignation is felt because deposits were received after the refusal to cash checks. A slow but steady run had been going on for severaldays, A receiver will be appointed at once.
2.July 29, 1884Alexandria GazetteAlexandria, VA
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Article Text
Bank Failure. BRAZIL, Ind., July 29.-The Commercial Bank closed its doors yesterday. It is a private banking company, having a capital of $100,000 and deposits to thesame amount. A slow but steady Tita had been going on for several days. A receiver will be appointed at once.
3.July 29, 1884The Indianapolis JournalIndianapolis, IN
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Article Text
Bank Suspension at Brazil. Special to the Indianapolis Journal. BRAZIL, July 28.-The Commercial Bank, of this place, owned by Brighton & Teter, suspended payment this morning and as a result there are quite a number of disappointed depositors. An application is being made by Mr. Ray, of Saline, to have a receiver appointed. Nothing is known concerning the assets and liabilities of the concern, but it is hoped they will pay out.
4.July 30, 1884The Portland Daily PressPortland, ME
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Article Text
Another Indiana Bank Suspends. BRAZIL, Ind., July 29.-The Commercial Bank, of which Hiram Teker is president, and Arthur Dillon cashier, has suspended, with liabilities of about $140,000, and assets nominally $170,000. It is said that the entire school fund of Clay county is deposited in the bank. The bank's capital is $70,000. The Commercial Bank closed its doors yesterday. It is a private banking company, having a capital of $100,000 and deposits to the same amount. Among the deposits are funds of nearly every township in the county. Indignation is felt because deposits were received after the refusal to cash checks. A slow but steady run has been going on for several days. A receiver will be appointed at once.
5.July 30, 1884Daily Los Angeles HeraldLos Angeles, CA
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Article Text
Suspension of the Commercial Bank. Brazil, Ind., July 29.-The Comercial Bank suspended to-day. Their liabilities are about $140,000. Their assets are nominally $170,000. It is said that the entire county school fund is in the bank.
6.July 30, 1884Wheeling RegisterWheeling, WV
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Article Text
BUSINESS TROUBLES. Bank of The Come Closes Its Doors. BRAZIL, IND., July 29.-The Commercial Bank of Brazil has closed its doors. Itis a private banking company, with a capital of $100,000 and deposits to the same amount. Hiram Teter is President and Arthur Dillon Cashier. Among the deposits are funds of nearly every township in the county. Indignation is felt because do posits were received after their refusal to cash checks. A slow but steady run has been going on several davs. A receiver will be appointed at once. The liabilities are about $50,000; assets nominally $170,000. A New York dispatch save that Windlow, Lanier if Co. state the effect of the Prasil bank failure will be entirely local, as the bank is a small concern and only kept a very light account here.
7.July 30, 1884The Daily Cairo BulletinCairo, IL
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Article Text
Another Indiana Bank Failure. BRAZIL, IND., July 29.-The Commercial Bank hassuspended; habilities, $140000; assets, $170,000. It is said the entire county school the bank. IndignaHisam-Peter: È tion is
8.July 30, 1884The Rock Island ArgusRock Island, IL
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Article Text
ANOTHER HOOSIER SMASH. Failure of a Bank at Brazil, Indiana. BRAZIL, Ind., July 30.-The Commercial bank has suspended, with liabilities of about $140,000. The assets are nominally $170,000. It is said the entire county school fund is in the bank. TERRE HAUTE, Ind., July 30.-The Commercial Bank of Brazil was a private bank. ing company with 8 capital of $100,000 and with deposits to the same amount. Hiram Teter is president and Arthur Dillon cashier. Among the deposits are the funds of nearly every township in the county. Indignation is felt because the deposits were received after the refusal to cash checks. A slow but steady run has been going on several days. A receiver will be appointed at once.
9.July 30, 1884The Salt Lake HeraldSalt Lake City, UT
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Article Text
Bank Suspension. Brazil, Ind., 29.-The Commercial Bank has suspended. Liabilities about $140,000, assets nominally $170,000. It is said the entire county school fund is in the bank. New York, 29-Winslow, Lanier & Co. state that the effect of the Bozil failure will be entirely local, as the bank was a small concern and only kept very light accounts here.
10.July 30, 1884The Dallas Daily HeraldDallas, TX
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Article Text
The Commercial Bank, of Brazil, Suspends. Brazil, IND., July 29.-The Commercial bank suspended. Liabilities, about $140,000; assets, nominally $170,000. It is said the entire county school fund was in the bank. TERRE HAUTE, IND., July 29.-The Commercial bank, of Brazil, is a private banking company; capital, $100,000, deposits same amount; Hiram Teter, President: Arthur Dillon, Cashier. Among the deposits was the fund of nearly every township in the county. Indignation is felt because deposits were received after refusal to cash checks. A slow but steady run has been going on several days. A receiver will be appointed at once.
BUSINESS FAILURES. BANK FAILURES. BRAZIL, IND., July 29.-The Commercial bank suspended to-day. Liabilities, about $140,000; assets nominally $170,000. It is said that the entire county school fund was in the bank. The Commercial bank is a private banking company. Capital $100,000, deposits same amount. Hiram Tetter, president; Arthur Dillon, cashier. Among the deposits was the fund of nearly every township in the county. Indignation is felt because deposits were received after the refusal to cash checks. A slow but steady run has been going on for several days. A receiver will be appointed at once.
The Commercial Bank, of Brazil, Suspends. BRAZIL, IND., July 29.-The Commerdal bank suspended. Liabilities. about 1140,000; assets, nominally $170,000. It is aid the entire county school fund was n the bank. TERRE HAUTE, IND., July 29.-The 'ommercial bank, of Brazil, is a private anking company; capital, $100,000, deosits same amount; Hiram Teter, Presdent; Arthur Dillon, Cashier. Among he deposits was the fund of nearly ivery township in the county. Indignation is felt because deposits were rereived after refusal to cash checks. A $low but steady run has been going on several days. A receiver will be appointed at once.
13.August 2, 1884The Ottawa Free TraderOttawa, IL
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Article Text
An Indiana Bank Suspends. BRAZIL, Ind., July 30.-The Commercial Bank has suspended, with liabilities of about $140,000. The assets are nominally $170,000. It is said the entire county school fund is in the bank.
14.August 3, 1884Mohave County MinerMineral Park, AZ
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Article Text
TELEGRAPHIC SUMMARY. A number of cattle afflicted with Texas fever have arrived at the Chi eago stockyards. The Commercial Bank of Brazil, Indiana, has suspended. C.S. Harrison of the recently de. funct Harrison's Bank of Indianap olis has been arrested on a charge of mbeszlement.
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.
