gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9aa4487c0083a179
Response Measures
None
Description
OCR shows variant names for the receiver (Teter/Teters/Peters); I use H. B. Peters as majority of articles indicate.
Events (3)
1.July 26, 1904Run
Cause Details
Heavy withdrawals by depositors over two days (about $130,000 withdrawn); no discrete misinformation reported.
Measures
President C. P. Cole fetched $35,000 in gold from Columbus by automobile to meet withdrawals.
Newspaper Excerpt
With $35,000 in gold, C. P. Cole, president of the Lancaster bank, made a dash in an automobile ... arriving in time to prevent the bank from closing its doors in the face of a run.
Source
newspapers
2.July 27, 1904Receivership
Newspaper Excerpt
Receiver for the Lancaster Bank. Henry Peters ... was last week appointed receiver for the Lancaster bank which had been embarrassed by a run of depositors Monday and Tuesday.
Source
newspapers
3.July 27, 1904Suspension
Cause
Government Action
Cause Details
Bank closed after heavy run and a receiver (H. B. Peters) was appointed by the court.
Newspaper Excerpt
APPOINTED RECEIVER. Lancaster, O., July 27.-The Lancaster bank closed its doors on account of a heavy run. It is said Henry Peters, of Zanesville, has been appointed receiver.
Source
newspapers
Newspaper Articles (15)
1.July 26, 1904The Daily PalladiumRichmond, IN
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Article Text
CHEERED THE AUTO Crowd About Distressed Bank Wel. comed Arrival of Gold. Columbus, Ohio, July 26.-With $35,000 in gold, C. P. Cole, president of the Lancaster bank, made a dash in an automobile from Columbus to Lancaster, Ohio, arriving in time to prevent the bank from closing its doors in the face of a run. He made the run of forty miles in the fast time of one hour and twenty-three minutes. Crowds lining the sidewalk about the bank, gave a cheer as the automobile arrived and the nature of the cargo was made known.
2.July 26, 1904Evening JournalWilmington, DE
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Article Text
Mad Dash to Save Bank. Columbus, O., July 26.-With $35,000 in gold C. P. Cole, president of the Laneaster bank, made a dash in an automobile from Columbus to Lancaster, arriving in time to prevent the bank from closing its doors in the face of a run, Hearing by telephone of the trouble, Mr. Cole secured the money from the Ohio National bank in Columbus, but missed his train. He hired an automobile and, with L. F. Kiesewetter, made the run of forty miles in one hour and twenty-eight minutes. Crowds lining the sidewalk about the bank gave a cheer as the automobile arrived and the nature of the cargo was made known.
3.July 27, 1904The Daily PalladiumRichmond, IN
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Article Text
APPOINTED RECEIVER. (By Associated Press.) Lancaster, O., July 27.-The Lancaster bank closed its doors on account of a heavy run. It S said Henry Peters, of Zanesville, has been appointed receiver.
Swift Ride Saved a Bank. Columbus, O., July 26.-With $35,000 in gold, C. P. Cole, president of the Lancaster bank, made a dash in an automobile from Columbus to Lancas. ter, arriving in time to prevent the bank from closing its doors in the face of a run.
RUN ON BANK Causes It To Close Its Doors and Zanesville Man Has Been Appointed Receiver. By Associated Press. Lançaster, Ohio, July 27-The Lancaster bank closed its doors today on account of a run. It is said H. B. Teter of Zanesville, has been appointed receiver.
6.July 29, 1904The Penn's Grove RecordPenns Grove, NJ
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Article Text
SAVED HIS BANK. President to Meet Run Missed Train, But Auto Saved Him. Columbus, Ohio.-With $35,000 in gold C. P. Cole, President of the Lancaster Bank, made a dash in an automobile from Columbus to Lancaster, arriving in time to prevent the bank from closing its doors in the face of a run. Hearing by telephone of the trouble, Mr. Cole secured the money from the Ohio National Bank in Columbus, but missed his train. He hired an automobile and made the run of forty-eight miles in one hour and twenty-eight minutes.
7.August 2, 1904Wausau PilotWausau, WI
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Article Text
Run in an Auto Saves a Bank. With $35,000 in gold, C. P. Cole, president of the Lancaster (Ohio) Bank, made a dash in an automobile from Columbus to Lancaster, arriving there in time to prevent the bank from closing its doors in the face of a run.
8.August 2, 1904The Guthrie Daily LeaderGuthrie, OK
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Article Text
AUTO SAVES A BANK. President Makes Fast Trip With Cash to Stop a Run. Columbus, O., Aug. 2.-With $35, 000 in gold, C. P. Cole, president of the Lanacaster bank, made a dash in an automobile from Columbus to Lancaster, arriving in time to prevent the bank from losing its doors in the face of a run. Hearing by telephone of the trouble, Mr. Cole secured the money from the Ohio National bank in Columbus but nissed his train. To avoid the danger of delay he hired an atomobile and with L. F. Kiesewetter, cashier of the local bank made the run of forty miles in the fast time of one hour and twenty-eight minutes. The run on the bank however, continued throughout the day, the bank meeting all demands.
9.August 2, 1904The Morris County ChronicleMorristown, NJ
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Article Text
SAVED HIS BANK. President to Meet Run Missed Train, But Auto Saved Him. Columbus, Ohio.-With $35,000 in gold C. P. Cole, President of the Lancaster Bank, made a dash in an automobile from Columbus to Lancaster, arriving in time to prevent the bank. from closing its doors in the face of a. run. Hearing by telephone of the trouble, Mr. Cole secured the money from the Ohio National Bank in Columbus, but missed his train. He hired an automobile and made the run of forty-eight miles in one hour and twenty-eight minutes.
10.August 4, 1904The News-HeraldHillsboro, OH
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Article Text
THE LANCASTER BANK. Cashier Martin Delivers a Trust Deed For His Property. Lancaster, O., July 30.-W. L. Martin. secretary of the Perpetual Building and Loan association. Friday delivered a trust deed for all his negotiable property to H. B. Peters. receiver of the Lancaster bank, cf which Martin has been cashier and which was the depository of the building and loan association. No statement was obtainbale as to the amount. Four deputies from the state insurance commissioner's office Friday began an investigation of the books of this and two other Lancaster building and loan associations, Commissioner Voryis deciding to act after the Lancaster bank had gone into the receiver's hands. The bank officials say it is entirely solvent.
11.August 4, 1904The Ohio DemocratLogan, OH
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Article Text
Receiver for the Lancaster Bank. Henry Peters, vice president of the Fairfield County bank, was last week appointed receiver for the Lancaster bank which had been embarrassed by a run of depositors Monday and Tuesday. About $130,000 was withdrawn during the two days and as the institution was not in shape to withstand a third days withdrawal of funds the officials joined in a request to the court for the appointment of a receiver. Judge Reeves named Mr. Peters and the latter today gave bond and assumed the duties of the position. The owners of the bank claim assetts of $290,000, and place the liabilties at $250,000. They claim the institution is solvent. The other banks of Lancaster examined the paper of the Lancaster bank and decided they could not take it up on account of the long time it had to run.
The Lancaster Ohio Bank is in the hands of a receiver. Its officers claim that it will pay out dollar for dollar, but the authorities at Columbus thought it best to have its affairs examined. Mr. H. B. Peters is the receiver and is under bond in the sum of $200,000. The bank wrs a partnership affair among C P. Cole. Chas. H. Tow. son and W. L. Martin. It carried a large sum of money belonging to Fairfield county.
13.August 11, 1904The Ohio DemocratLogan, OH
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Article Text
The Lancaster Bank. Receiver H. B. Peters of the Lancaster Bank, stated Tuesday noon that he was not yet able to make an intelligible statement. The trouble came right in the midst of tax collections, and this bank was the agent of County Treasures J. B. Kramer for collecting money on checks. At the time the bank closed, about $20,000 worth of checks were still outstanding the cash for considerable part of them being in the bank. A number had not yet been collected when Receiver Peters took charge. Treasurer Kramer has consulted several good attorneys, all of whom assure him that the county's money will be a preferred claim, as it was not a deposit, but was simply in the bank official's custody as agents of the county treasurer.
14.August 17, 1904The Abbeville Press and BannerAbbeville, SC
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Article Text
SAVED HIS BANK. President to Meet Run Missed Train, But Auto Saved Him. Columbus, Ohio.-With $35,000 in gold C. P. Cole, President of the Lancaster Bank, made a dash in an automobile from Columbus to Lancaster. arriving in time to prevent the bank from closing its doors in the face of a run. Hearing by telephone of the trouble, Mr. Cole secured the money from the Ohio National Bank in Columbus, but missed his train. He hired an automobile and made the run of forty-eight miles in one hour and twenty-eight minutes.
15.August 2, 1906The Democrat-SentinelLogan, OH
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Article Text
OHIO BRIEFS. What's Doing in the Buckeye State. Not Preferred Creditor. Lancaster, O., July 31. - Judge Reeves rendered his decision in the case of County Treasurer J. B. Kramer against H. B. Peters, receiver of the defunct Lancaster bank, in which Kramer sought to be made a preferred creditor of the bank. When the Lancaster bank closed its doors two years ago Kramer had on deposit there $20,000 of county funds. Judge Reeves held that Kramer was only a general creditor and his claim was not a preferred one; that he would have to take his chances with the balance of the creditors.
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.
