gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2f23fdd43a9673e6
Response Measures
None
Events (1)
1.December 29, 1877Run
Cause
Rumor Or Misinformation
Cause Details
Rumors circulated that the bank was in trouble; reports described the run as causeless and limited to small depositors.
Measures
Kept doors open evenings and on New Year's Day to meet demands; paid out as applicants reached the counter; currency sent from New York (mostly returned).
Newspaper Excerpt
There was a partial, and an entirely causeless run, to-day, on the Rochester savings bank.
Source
newspapers
Newspaper Articles (10)
1.December 29, 1877Daily Press and DakotaianYankton, SD
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Article Text
NEW YORK. -THE ROCHESTER SAVINGS BANK. Rochester, Dec. 29.-There was a partial, and an entirely causeless run, to-day, on the Rochester savings bank. No alarm among intelligent classes. The bank has a surplus of $700,000 over all liabilities.
2.December 29, 1877Daily Press and DakotaianYankton, SD
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Article Text
NEW YORK. THE ROCHESTER SAVINGS BANK. Rochester, Dec. 20.-There was a partial, and an entirely causeless run, to-day, on the Rochester savings bank. No alarm among intelligent classes. The bank has a surpius of $700,000 over all liabilities.
Another Savings Bank Run. National Associated Press to the Star. ROCHESTER, N. Y., Dec. 29.--Late yesterday alternoon it was rumored that the Rochester Savings Bank was In trouble, and this morning there is a heavy run on it. Hundreds of depositors are waiting for their turn. The bank thus far is paying out as last as the applicants get to the counter.
4.December 29, 1877The Rock Island ArgusRock Island, IL
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Article Text
Slight Kun on a Savings Bank. ROCHESTER, N. Y., Dec. 29.--There was a partial, and entirely causeless, run today on the Rochester Savings bank. There is no alarm among the intelligent classas. The bank has a surplus of $700,000 over all liabilities.
5.December 30, 1877The SunNew York, NY
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Article Text
A Run on a Savings Bank. ROCHESTER. Dec. 29.-There is a run to-day on the Rochester Savings Bank. There is no alarm among the large depositors. The bank has a surplus of $700,000 over all liabilities.
6.December 30, 1877The New York HeraldNew York, NY
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Article Text
A RUN ON A SAVINGS BANK. ROCHESTER, N. Y., Dec. 29, 1877. There is a partial and entirely uncalled for run to-day on the Rochester Savings Bank. There is no alarm among the large depositors, The bank has a surplus of $700,000 over all liabilities.
7.January 2, 1878Evening StarWashington, DC
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Article Text
Run on the Rochester Savings Bank. ROCHESTER, N.Y., Jan. 2-The run on the Rochester Savings Bank was insignificant, the fact that the bank is perfectly sound was soon established and allayed all excitement. Only the small depositors drew out their money.
8.January 3, 1878New-York TribuneNew York, NY
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Article Text
RUN ON THE ROCHESTER SAVINGS BANK. ROCHESTER, N. Y., Jan. 2.-The run on the Rochester Savings Bank was insignificant. The fact that the bank is perfectly sound was soon established, and allayed all excitement. Only the small depositors drew out their money. The institution kept its doors open evenings and on New Year's Day to meet the demands, but the amount drawn out was small. A large quantity of currency sent from New-York was not needed, and will be returned to that city.
9.January 4, 1878Vicksburg Weekly HeraldVicksburg, MS
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Article Text
8 301 Run on a Savings Bank. ROCHESTER, N. Y., Dec. 29.-There was a partial run on the Rochester Savings Bank. No alarm among large depositors: The bank has a surplus of $700,000 over liabilities.
10.January 11, 1878The Emporia NewsEmporia, KS
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Article Text
The Rochester, N. Y., savings bank piled up one million dollars on the counter, and the run stopped.
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.