gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
411f17423a9e1873
Response Measures
None
Events (1)
1.June 12, 1884Run
Cause
Local Banks
Cause Details
Run occurred in reaction to the failure/closure of the State Bank of West Virginia and ensuing rumors.
Measures
All checks were promptly paid; the bank met calls and the run ceased within about an hour.
Newspaper Excerpt
A slight run was made on the Kanawha Valley Bank when the doors opened at 9 o'clock this morning, but as every check was promptly paid the run ceased after an hour.
Source
newspapers
Newspaper Articles (10)
1.June 13, 1884The Dallas Daily HeraldDallas, TX
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Article Text
A Financial Flurry In West Virginia, CHARLESTON. W. VA., June 12.-The doors of the State Bank of West Virginia. this city, were closed this merning. Lia. bilities, $119 000; assets reported at $115,000. The principal losera are poor people, who had small sums deposited. Many ugly ru. mors are afloat on the streets. The supposition is that the bank will pay 50 per cent., but it is doubtful If it will pay over 20 per cent. This bank has been considered weak for some time, but citizens continue d to:de. posit with it. Officers of the bank received deposits yesterday up to p. m. Depositors are anxiously await. ing investigation. The state of West Virginia had $8,000 deposited with this bank. Excitement runs high and little business has been done here to-day. A slight run was made on the Kanawha Valley bank when the doors opened at 9a. m, but as every check was promptly paid the run ceased after an hour's time. During the run on the Kanawha Valley bank many of the largest business men made heavy deposits. The Kanawha Valley bank has over $150,000 of its own in its vaulta and is rolid.
2.June 13, 1884New-York TribuneNew York, NY
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Article Text
A WEST VIRGINIA BANK FAILS. MANY POOR PEOPLE LOSE THEIR DEPOSITS-RUMORS OF WRONG DOING. CHARLESTON, W. Va., June 12.-The doors of the State Bank of West Virginia, this city, were closed this morning. The liabilities are $129,000, The assets are reported to be $115,000. The principal losers are poor people, who had small sums deposited. There are many ugly rumors afloat on the streets. The supposition is that the bank will pay 50 per cent, but it IS doubtful if it pays over 20 per cent. The bank has been considered weak for some time, but the citizens continued to deposit with it. The officials of the bank received deposits yesterday up to 3 o'clock. The depositors are anxiously awaiting an investigation. The State of West Virginia had $8,000 deposited in the bank. Excitement runs high and little business has been done here to-day. A slight run was made on the Kanawha Valley Bank, when the doors were opened at 9 o'clock this morning, but as every check was promptly paid tue run ceased after an hour. During the run on the Kanawha Valley Bank many of the largest business men made heavy deposits. The Kanawba Valley Bank has over $150,000 in its vaults and is solid.
3.June 13, 1884The Democratic LeaderCheyenne, WY
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Article Text
State Bank Goes Under. CHARLESTON, W. Va., June 12.-The doors of the State Bank of West Virginia in this city closed this morning. Liabilities $119,000. Many ugly rumors are afloat. The supposition is that the bank will pay 50 per cent., but it is doubtful if it pays over 20. The officials of the bank received deposits yesterday up to 3 b'clock. The depositors are anxiously waiting an invéstigation. Excitement runs high, and but little business has been done here today. There was a slight run made on the Kanawha Valley Bank when the doors opened at 9 'clock this morning, but as every check was promptly paid, the run ceased after an hour's time.
4.June 13, 1884Seattle Daily Post-IntelligencerSeattle, WA
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Article Text
CHARLESTON, W. Va., June 12.-The doors of the State Bank of West Virginia, in this city, were closed this morning. Liabilities, $119,000. Many ugly rumors are aflont. Proposition is that the bank will pay fifty per cent, but it is doubtful if it pays over twenty. Officials of the bank received deposits yesterday up to 3 o'clock. Depositors are anxiously awaiting an investigation. Excitement runs high, and but little business has been done here today. A slight ron was made on the Kanawha Valley Bank when the doors opened at 9 o'clock this morning, but as every check was promptly paid the run ceased after an hour's time.
5.June 13, 1884The Salt Lake HeraldSalt Lake City, UT
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Article Text
Bank Troubles, Charleston, W. Va., 12.-The doors of the State Bank of West Virginia, this city, were closed this morning. Liabilities, $119,000. Many ugly rumors are afloat. The supposition is the bank will pay 50 per cent, but it is doubtful if it pays over 20. Officials of the bank received deposits yesterday up to 3 o'clock. Depositors are anxiously waiting an investigation. Excitement runs high and but little business has been done here to-day. A slight run was made on the Kanawha Valley Bank when the doors opened at 9 o'clock this morning, but every check was promptly paid the ron ceased after an hour's time.
6.June 14, 1884The Daily DispatchRichmond, VA
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Article Text
The Charleston, W. Va., Bank-Failure [By telegraph to the Dispatch.] CHARLESTON, W. Va., June 13.-Yesterday's excitement over the failure of the State Bank had somewhat subsided, but many depositors are much agitated over the loss of their money, while others take matters more easily and hope for the best. There was a slight run on the Kanawha Valley Bank early to-day, but all calls were met, and the run was stopped after a few minutes. Colonel Hageman and Colonel Couch, the assignees of the State Bank, are getting out a statement, which will be made public in a few days. The arrest of officials was reported to-night, but up to a late hour no one was in custody.
West Virginia's State Bank Fails. CHARLESTON, W. Va., June 12.The doors of the State Bank of West Virginia, of this city, were closed this morning. The liabilities are $119,000. The assets are reported to be $115;000. The principal losers are poor people who had small sums deposited. There are many ugly rumors afloat about the institution. The supposition is that the bank will pay fifty per cent., but it is doubtful if it pays over twenty-five per cent. The bank has been considered weak for some time, but the citizens continued to deposit with it. The officials of the bank received deposits yesterday up to 3 o'clock. The depositors are anxiously awaiting an investigation. The State of West Virginia had $8,000 deposited in the bank. Excitement runs high, and but little business has been done here to-day. A slight run was made on the Kanawha Valley Bank when the doors were opened at nine o'clock this morning, but as every check was promptly paid the run soon ceased. During the run on the Kanawha Valley Bank many of the largest business men made heavy deposits. The Kanawha Valley Bank has over $150,000 in its vaults, and is solid.
Bank Suspended. CHARLESTON, W. Va., June 13.The doors of the state bank of West Virginia, in this city, closed this morning; liabilities, $119,000-assets reported, $115,000. The principal are losers poor people who had small sums deposited. Many ugly rumors are afloat on the streets. The supposition is that the bank will pay 50 per cent., but it is doubtful if it pays over 20 per cent. This bank has been considered weak for some time, but citizens continued to deposit with it. The officials of the bank received deposits yesterday up to 3 o'clock in the evening. Depositors are anxiously awaiting an investigation. The state of West Virginia had $8,000 deposited with this bank. Excitement runs high and but little business has been done here to-day. A slight run was made on the Kanawha Valley bank, when the doors opened at 9 p. m., but as every check was promptly paid, the run ceased after about an hour's time. During the run, many of the largest business men made heavy deposits. Kanawha Valley bank has over $150,000 of its own in the vaults, and is solid.
Poor People the Principal Losers by the Failure. CHARLESTON, W. Va., June 12. - The doors of the State Bank of West Virginia of this city closed this morning. Its liabilities are $119,000 and its assets are reported at $115,000. The principal losers are poor people who had small sums deposited. Many ugly rumors are afloat on the streets. It has been considered weak for some time, but the citiz ns continued to deposit with it. The excitement runs high and but little business was done to-day. There was a slight run on the Kanawha Valley bank this morning, but it soon ceased.
10.June 27, 1884The New North-WestDeer Lodge, MT
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Article Text
A Bank Failure. CHARLESTON, W.Va., June 12.--The doors of the State Bank of West Virginia of this Liabilicity closed its deors this morning. ties, $119,000. Many ugly rumors are afloat. The supposition is that the bank will pay 50 per cent.,but it is doubtful if it will pay over The officials of the bank received de20. posits up to 3 o'clock. Depositors are anxiously awaiting an investigation. The excitement runs high; and but little business has been done here to-day. A slight run was made on the Kanawha Valley Bank as the doors opened this morning at 9 o'clock, but as every check was promptly paid the run ceased after one hour's time.
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.
