gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
328d968b524d2360
Response Measures
None
Events (1)
1.October 27, 1906Run
Cause
Rumor Or Misinformation
Cause Details
False reports/rumors circulated (said to be by political enemies); depositors alarmed because Brackett was not renominated for senator.
Measures
Bank kept open after usual hours and paid depositors; offered $2,000 reward for origin of rumor.
Newspaper Excerpt
Italians started a run today on the Adirondack Trust Company, of which State Senator Edgar T. Brackett is president.
Source
newspapers
Newspaper Articles (10)
1.October 27, 1906Evening Times-RepublicanMarshalltown, IA
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Article Text
ITALIANS START BANK RUN. Became Alarmed Because President Was Not Renominated for Senator. Saratoga, Oct. 27.-Italians started a run today on the Adirondack Trust Company, of which State Senator Edgar T. Brackett is president. The run was continued during the day. The Italians are said to have become alarmed because Brackett was not renominated for senator.
2.October 27, 1906Alexandria GazetteAlexandria, VA
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Article Text
Rnn on Trust Company. Saratoga, N. ยฅ., Oct. 27.-A run is in progress on Senator Bracket's Adirondack Trust Company. Hundreds of Italians and smali depositors are fighting to withdraw their deposits. Senator Brackett said this morning that the doors of the bank would be kept open until midnight to pay depositors. He believes that a rumor that the bank was involved with which started by bis political enemies the company is considered to be thoroughly sound,
BRACKETT TRUST CO. EXPERIENCING A RUN SAYS POLITICAL ENEMIES WERE ONES TO START FALSE RUMOR. IS PAYING ALL DEMANDS. Special to the Herald. Saratoga, N. Y., Oct. 27.-A run is in progress on Senator Brackett's Adirondack Trust Company, and hundreds of small depositors are fighting to get their money out of the bank. Senator Brackett says the bank will be . kept open until night to pay the demoptors. Brackett says he believes the run is due to false reports circulated by his political enemies.
4.October 27, 1906The Evening WorldNew York, NY
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Article Text
BRACKETT'S BANK MEETS ITALIAN RUN. SARATOGA, N. Y., Oct 27.-Italians started a run to-day on the Adiron dack Trust Company, of which State Senator Edgar T. Brackett is Prealdent. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hours. and immediately offered a reward of $2,000 for discovery or the origin of the rumor th kt started the run. The Italians are said to have become alarmed because Senator Brack ett was not renominated for Senator.
5.October 27, 1906The News-DemocratProvidence, RI
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Article Text
ITALIANS START RUN ON ADIRONDACK TRUST CO. Saratoga, N. Y., Oct. Italians started a run today on the Adirondack Trust company, of which State Senator Edgar T. Brackett is president. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hours, and immediately offered a reward of $2000 for the discovery of the origin of the rumor. The Italians are said to have become alarmed because Senator Brackett was not renominated for senator.
6.October 28, 1906The San Francisco CallSan Francisco, CA
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Article Text
ITALIANS START RUN ON BANK-Saratoga, N. Y., Oct. 27.-Italians started a run today on the Adirondack Trust Company, of which State Senator Brackett is president. They are said to have become alarmed because Brackett was not renominated for Senator.
7.October 28, 1906Evening StarWashington, DC
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Article Text
Run on Brackett's Bank. SARATOGA. N. Y., October 27.-Italians started a run today on the Adirondack Trust Company, of which Senator Edgar T. Brackett is president. The run continued during the day. Senator Brackett directed that the institution be kept open after the usual closing hour. and immediately offered a reward of $2,000 for the discovery of the origin of the run. The Italians are said to have become alarmed because Senator Brackett was not renominated for senator.
8.October 28, 1906Daily PressNewport News, VA
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Article Text
ITALIANS START A RUN. Bank Pays All Depositors That Call for Money. (By Associated Press.) S.ARATOGA. N. Y., Oct. 27.-Itallans. started a run today on the Adirondack Trust Company, of which Senator Edgar T. Brackett. is president. The r un continued during the day. Senator Brackett, declared that the institution be kept open ater the usual closing hours, and immediately offered a reward of $2,000 for discovery of the origin of the run.
9.October 28, 1906Los Angeles HeraldLos Angeles, CA
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Article Text
Start Run on Bank By Associated Press. SARATOGA, N. Y., Oct. 27.-Italians started a run today on the Adirondack Trust company, of which State Senator Brackett is president. They are said to have become alarmed because Brackett was not renominated for senator.
CAUSES RUN ON BANK, President of Institution Not Renom inated for Senator. Saratoga, N. Y., Oct. 29.-Italians have started a run on the Adirondack Trust company, of which State Sen ator Edgar T. Brackett is president The run continued during the day Senator Brackett directed that the in stitution be kept open after the usual closing hours and immediately offered a reward of $2,000 for the discovery of the origin of the run. The Italians are said to have become alarmed because Senator Brackett was not renominated for senator.
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.