Wisconsin Bank Fails. WASHINGTON, Nov. 18.-The comptroller of currency last night received a dispatch from the cashier of the Berlin National bank of Berlin, Wis., announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.
2.November 18, 1904The Cairo BulletinCairo, IL
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RUN ON A BANK CLOSED ITS DOORS STATEMENT ISSUED THAT IT INTENDED TO STRENGTHEN ITSELF WAS MISCONSTRUED BY DEPOSITORS. By the Associated Press. Berlin, Wis., Nov. 17.-The Berlin National bank closed its doors at noon today and posted a notice to the effect that the suspension was due to the withdrawal of deposits. The meeting of the stockholders had been called for December 5 to arrange for paying sixty per cent assessments in order to strengthen the bank and remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by depositors; a run on the bank resulted. and became so serious hat the directors determined to close the doors. Deposits aggregate $180,000. : FOLLOW RUN ON BANK
3.November 18, 1904The Savannah Morning NewsSavannah, GA
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Bank's Doors Closed. Washington, Nov. 17.-The Controller of the Currency has received a dispatch from the cashier of the Berlin National Bank of Berlin, Wis., announcing that because of a run on the bank to-day its doors were closed. Bank Examiner Parker immediately was appointed receiver.
4.November 18, 1904The Salt Lake HeraldSalt Lake City, UT
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WISCONSIN BANK CLOSED. Washington, Nov. 17.-The comptroller of the currency this evening recelved a dispatch from the cashier of the Berlin bank of Berlin, Wis., announcing that because of a run of the bank today its doors were closed. Bank Examiner Parker immediately was appointed receiver.
5.November 19, 1904East Oregonian : E.OPendleton, OR
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The Berlin, Wis., National Bank, has succumbed to a run and closed its doors. and a receiver is in charge.
6.November 19, 1904Ottumwa Tri-Weekly CourierOttumwa, IA
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BANK CLOSES DOORS. Berlin, Wis., Institution's Officers Say Run Causes Suspension. Berlin, Wis., Nov. 18.-The, Berlin National bank closed its doors yesterday and posted a notice to the effect the suspension was due to the withdrawal of deposits. A meeting of the stockholders has been called for December 5, to arrange for paying sixty per cent of the assessments in order to strengthen the bank and remove any doubtful paper which might be found.
7.November 24, 1904Iron County RegisterIronton, MO
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The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.
8.November 25, 1904The Tupelo JournalTupelo, MS
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The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.
9.November 25, 1904Eagle River ReviewEagle River, WI
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Run Closes Berlin Bank. The Berlin National Bank closed its doors the other day as the result of a run by denosit ker was appointed receiver by the Comptroller of the Treasury. The depositors misconstrued a call for a meeting of stockholders to arrange for paying a 60 per cent assassment in order to straighten the institution. The deposits aggregate $180,000.
10.November 26, 1904The Grenada SentinelGrenada, MS
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The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.
11.December 1, 1904River Falls JournalRiver Falls, WI
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WISCONSIN STATE NEWS. Berlin Bank Suspends. The Berlin national bank has closed its doors. A meeting of stockholders had been called for Docember 5 to arrange for paying a 60 per cent. assessment in order to strengthen the bank and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors. A run on the bank resulted, and became so serious that the directors determined to close the doors. The deposits aggregate $180,000.
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.