gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ee07b9f5330277a1
Response Measures
None
Events (1)
1.December 10, 1891Run
Cause
Rumor Or Misinformation
Cause Details
Withdrawals triggered by a rumor that the bank was not safe; alarm viewed as needless.
Measures
Paid all demands promptly.
Newspaper Excerpt
A run was commenced on the Lowell Institution for Savings this morning, caused by a rumor that the bank is not safe. The bank paid all demands promptly.
Source
newspapers
Newspaper Articles (10)
1.December 11, 1891New-York TribuneNew York, NY
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Article Text
RUN ON A SAVINGS BANK. Lowell, Mass., Dec. 10.-A run was begun on the Lowell Institution for Savings this morning, caused by a rumor that the bank is not safe. The bank paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.
2.December 11, 1891The WorldMartinsburg, WV
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Article Text
WHISPERS OF THE WIRE. Bits of Telegraphic News From all Sections of The Globe. A run was commenced on the Lowell (Mass.) Institution for Savings yesterday morning, caused by a rumor that the bank is not safe. The bank paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered the soundest in the State. Australian influenza, which is similar to grippe, has made its appearance in California. In Oakland, Alameda and other towns hundreds are afflicted and many deaths are resulting from the disease. By an explosion of hot metal at the Lucy furnace, Pittsburg, Pa., yesterday, Joseph Mendetto and Frank Gerrado were fatally and three others seriously burned.
3.December 11, 1891The Morning NewsSavannah, GA
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Article Text
A Run On a Eavings Bank. LOWELL, Mass., Dec. 10.-A run was commenced on the Lowell Institution for Savings this morning, caused by a rum or that the bank is not safe. The bank has so far paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the state.
4.December 11, 1891St. Paul Daily GlobeSaint Paul, MN
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Article Text
Run on a Bank. LOWELL, Mass., Dec. 10.-A run was commenced on the Lowell institution for savings this morning, caused by the rumor that the bank was not safe. The bank paid all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the state.
5.December 11, 1891The Morning CallSan Francisco, CA
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Article Text
Savings-Bank Run Promptly Met. LOWELL (Mass.), Dec. 10.-A run commenced on the Loweil Institution for Savlugs this morning, caused by a rumor that the bank was not safe. All the demands were promptly met. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.
Run on a Lowell Bank. LOWELL, Mass., Dec. 11.-A run was commenced on the Lowell Institution for Savings yesterday, caused by the rumor that the bank was not safe. The bank is paying all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.
7.December 11, 1891Deseret Evening NewsSalt Lake City, UT
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Article Text
whom she was married March 10, 1890, on a tug off San Francisco. She alleged habitual ill treatment. Washington, Dec. 10.-While the exact destination of the cruiser "San Francisco," now fitting out at San Francisco, cannot be officially ascertained, it is generally understood at navy department that she is going to Honolulu. Lowell, Mass., Dec. 10.-A run commenced on the Lowell Institution for Savings this morning, caused by a rumor that the bank was not safe. All demands were promptly met. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State. New Orleans, Dec. 10.-A special to the Picayune from Victoria, Tex., says: The first dirt on the new PanAmerican railway was thrown today in the presence of a large concourse and work begun in earnest. It will be the shortest line to the City of Mexico by nearly 800 miles, and will open one of the finest sections of country on the continent.
8.December 11, 1891The Evening HeraldShenandoah, PA
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Article Text
Run on a Lowell Bank. LOWELL, Mass, Dec. 11.-A run was commenced on the Lowell Institution for Savings yesterday, caused by the rumor that the bank was not safe. The bank is paying all demands promptly. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the State.
9.December 11, 1891Evening StarWashington, DC
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Article Text
Krupp is said to have received an order for heavy cannon from the Chilean government. A run was commenced on the Lowell Institution for Savings at Lowell, Mass.. yesterday, caused by the rumor that the bank was not safe. The bank paid all demands promptly.
10.December 11, 1891The Salt Lake HeraldSalt Lake City, UT
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Article Text
A Run on the Lowell Savings Institution. LOWELL, Mass., Dec. 10.-A run commenced on the Lowell institution for savings this morning. It was caused by a rumor that the bank was not safe. All demands were promptly met. The alarm is looked upon as entirely needless, the bank being considered one of the soundest in the state.
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.