gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
46db73f556bb8216
Response Measures
None
Description
OCR variants of the bank name appear in articles (Wellfieet/Wellfeet); all refer to Wellfleet, MA.
Events (2)
1.October 4, 1877Run
Cause
Local Banks
Cause Details
Heavy withdrawals driven by a general panic among Cape Cod savings-bank depositors.
Newspaper Excerpt
suspended payment yesterday owing to a run on it by its depositors.
Source
newspapers
2.October 4, 1877Suspension
Cause
Local Banks
Cause Details
Bank suspended payment following depositor run amid a Cape Cod-wide savings-bank panic.
Newspaper Excerpt
The Wellfleet Savings Bank ... suspended payment yesterday, owing to a run on it by its depositors.
Source
newspapers
Newspaper Articles (11)
1.October 4, 1877Evening StarWashington, DC
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Article Text
Another Cape Cod Savings Bank Gone Under. BOSTON, Oct. 4.-The Wellfieet Savings Bank, Cape Cod, suspended payment yesterday owing to a run on it by its depositors. The bank has 1,263 depositors and deposits amounting to $489,539.61, all of which is safely invested, and the bank is In good condition. There is a general panic on the Cape among savings bank depositors, and probably all the banks will close until confidence is restored.
2.October 4, 1877Daily Press and DakotaianYankton, SD
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Article Text
MISCELLANEOUS. lis ANOTHER FAILURE. Boston. Oct, 5.-The Wellfleet Savings bank, at Cape Cod, suspended vesterday owing to a rule There is a. general panic in Cape; among the savings bank depositors, and prob bly all the banks will close until confidence is restored.
Big Bank Scare. National Associated Press to the Star. BOSTON, Oct. 4.-The Wellfleet Sayings Bank at Cape Cod suspended yesterday, owing to a run on the bank and general panic on the Cape among Savings Bank depositors, and probably all the banks will close until confidence is restored.
4.October 4, 1877The Rock Island ArgusRock Island, IL
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Article Text
Other Bank Troubles. NEW YORK, Oct. 4.-An examination of the books of the Brewers' and Maltsters' Insurance Co., shows that its capital is seriously impaired, and it is understood the superintendent has issued a requisition upon the company for $20,000 to make good the impairment. BOSTON, Oct. 4. - -The Wellfleet Savings Bank at Cape Cod, suspended yesterday, owing to a run. There is a general pauic in the Cape among Savings Bank depositors, and probably all banks will be closed until confidence IS restored. DERBY LINE, Vt., Oct. 4.-Studder's hotel, and a convent and church at Stanstead, burned. Loss $30,000; partly insured. CHICAGO, Oct. 4.-The Railway Mail Service Mutual Benevolent Association, will meet in Cincionati, Oct. 10th.
5.October 5, 1877The SunNew York, NY
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Article Text
Savings Bank Panic on Cape Cod. BOSTON, Oct. 4.-The Wellfleet Savings Bank. Cape Cod, suspended payment yesterday, owing to a run on it by its depositors. The bank has 4,263 depositors, and deposits amounting to $489,539.61 all of which is sately invested, and the bank is in good condition There is a general panic on the Cape among savings bank depositors, and probably all the banks will close until confidence 18 restored
8 And Yet Another Savings Bank Gives up the Ghost and Keeps the Money. ROSTON, October 4.-The Wellfleet Savings Bank, at Cape Cod, suspended yesterday, and owing to the run there is a general panic in the Cape among the savings bank depositors, and probably all the banks will close till confidence is restored.
7.October 5, 1877Chicago Daily TribuneChicago, IL
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Article Text
FINANCIAL. BOSTON, Oct. 4.-The Wellfleet Savings Bank at Cape Cod suspended yesterday, owing to the run. There la a general panic on the Cape among savings-bank depositors, and probably all the banks will close until contidence is restored
8.October 10, 1877Ottumwa Weekly CourierOttumwa, IA
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Article Text
P Another One Cone. BOSTON, Oct. 4.-Wellfeet's savings bank, at Cape Cod, suspended yesterday, owing to a run. There is a general panic on the Cape among the savings bank depositors and probably all the banks will close until confidence is restored.
Probable Closing of Banks. The Wellfleet savings bank at Cape Cod, Mass., suspended on the 4th, owing to a run. There is a general panic on the Cape among savings bank depositors, and probably all the banks will close until confidence is restored.
11.October 11, 1877River Falls JournalRiver Falls, WI
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Article Text
Probable Closing of Banks. The Wellfleet savings bank at Cape Cod, Mass., suspended on the 4th, owing to a run. There is a general panie on the Cape among savings bank depositors, and probablv all the banks will close until (confidence is restored.
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.