gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2c9bb77cbeb17af5
Response Measures
None
Description
Reported withdrawal totals differ across articles (about $50,000 in several accounts; one article reports $150,000).
Events (1)
1.November 29, 1904Run
Cause
Rumor Or Misinformation
Cause Details
Announcement of a suit reopening the Henry Brees estate made the bank a defendant; depositors misunderstood this and believed the institution unsound.
Measures
Bank kept open two hours later than usual and paid depositors; officials announced more money on hand and considered run broken.
Newspaper Excerpt
A run on the Kalamazoo Savings Bank was successfully met Monday. The run was caused by the announcement that a bill had been filed ... in which the bank was made one of the defendants.
Source
newspapers
Newspaper Articles (10)
1.November 29, 1904The Fairmont West VirginianFairmont, WV
Click image to open full size in new tab
Article Text
RUN ON BANK WAS SUCCESSFULLY MET IN KALAMAZOO-CAUSED BY COURT PROCEEDINGS. (By Publishers' Press.) KALAMAZOO, Mich., Nov. 29.-A run on the Kalamazoo Savings Bank was successfully met Monday. The run was caused by the announcement that a bill had been filed in the Circuirt Court to reopen the Henry Brees estate, of which R. J. Williamson, vice president and cashier of the bank, is executor, and in which the bank was made one of the defendants. The officers of the bank announced at six o'clock last night that there was more money on hand than when the run began.
2.November 29, 1904The Providence NewsProvidence, RI
Click image to open full size in new tab
Article Text
DEPOSITORS DREW OUT $50,000 IN A BANK RUN Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank yesterday created a run on the institution, and drew during the day about 50,000 of their deposits, but after keeping the bank open two hours later than usual, the officials considered the run broken. It was said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate were kept in the bank. and the Institution was made defendant with the executors This fact is believed to have been misunderstood by a number of the depositors
3.November 29, 1904The Times DispatchRichmond, VA
Click image to open full size in new tab
Article Text
Run on Bank. (By Associated Press.) KALAMAZOO, MICH., November 28.Excited savings depositors of the Kalamazoo Savings Bank to-day created a run on the institution and drew during the day about $50,000 of their deposits. It Is said that the run was caused by the sul tbegun here last week by some of the heirs of the Henry Brees estate,
4.November 29, 1904Rock Island ArgusRock Island, IL
Click image to open full size in new tab
Article Text
Run on a Kalamazoo Bank. Kalamazoo, Mich., Nov. 29.-Some of the depositors of the Kalamazoo Savings bank created a run on the institution and drew out during yesterday about $50,000 of their deposits. The bank was kept open later than usual in the afternoon, and it is considered that the run is broken.
5.November 29, 1904Evening Times-RepublicanMarshalltown, IA
Click image to open full size in new tab
Article Text
DEPOSITORS DRAW MONEY. Excited By Reports of Unstability of Kalamazoo, Mich., Savings Bank, Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank yesterday created a run on that institution and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than usual yesterday afternoon, and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors, and twisted into a belief that the institution was not sound.
6.November 30, 1904The Forest RepublicanTionesta, PA
Click image to open full size in new tab
Article Text
Run on a Savings Bank. Kalamazoo, Mich., Nov. 29.-Excited depositors of the Kalamazoo Savings bank created a run on the institution, drawing out about $150,000. The bank was kept open two hours later than the usual closing hour and it is considered that the run, which is said to have been caused by suit begun last week by heirs of the Henry Brees estate, is broken. Part of the funds of the estate are kept at the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors and the run followed.
7.November 30, 1904Mower County TranscriptAustin, Lansing, MN
Click image to open full size in new tab
Article Text
RUN ON A SAVINGS BANK. Depositors Withdraw $50,000 From Michigan Institution. Kalamazoo, Mich., Nov. 29.-Excited savings depositors of the Kalamazoo Savings bank Monday created a run on the institution and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than the usual closing hour and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate are kept at the bank and the institution was made defendant with the executors. This fact is said to have been misunderstood by a number of the savings depositors and twisted into a belief that the institution was not sound.
8.December 2, 1904The True NorthernerPaw Paw, MI
Click image to open full size in new tab
Article Text
BANK PAYS THEM ALL Brees Will Contest Causes a Run on the Kalamazoo Savings Bank. CONCERN GIVES UP $50,000 At the Same Time Takes in Fully as Much-Vital Statistic Chief Complains. Kalamazoo, Mich., Nov. 29. - Excited savings depositors of the Kalamazoo Savings bank created a run on the institution, and drew during the day about $50,000 of their deposits. The bank was kept open two hours later than the usual closing hour, and it is considered that the run is broken. It is said that the run was caused by the suit begun here last week by some of the heirs of the Henry Brees estate. Part of the funds of the estate are kept at the bank and the institution was made defendant with the executors.
9.December 9, 1904The Penn's Grove RecordPenns Grove, NJ
Click image to open full size in new tab
Article Text
Kalamazoo Bank Withstands Run. A run on the Kalamazoo (Mich.) Savings Bank began the other morning and continued through the day. The bank kept open.until 5 o'clock, two hourse after the usual hour of closing.
10.December 9, 1904The Olneyville TimesProvidence, RI
Click image to open full size in new tab
Article Text
# Kalamazoo Bank Withstands Run.
A run on the Kalamazoo (Mich.) Savings Bank began the other morning and continued through the day. The bank kept open until 5 o'clock, two hourse after the usual hour of closing.
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.
