gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2ff3961b77ee6c19
Response Measures
None
Events (1)
1.March 15, 1904Receivership
Newspaper Excerpt
The First State Bank here has failed. Fred Ware has been appointed receiver and is in charge.
Source
newspapers
Newspaper Articles (7)
1.March 15, 1904The Fargo Forum and Daily RepublicanFargo, ND
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Article Text
BANK FAILURE. Clark, S. D., March 15.-The First State Bank here has failed. Fred Ware has been appointed receiver and is in charge.
2.March 15, 1904Evening Times-RepublicanMarshalltown, IA
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Article Text
Dakota Bank Failure. Clark, S. D., March 15.-The First State Bank, of this city, has failed. Fred Ware has been appointed receiver.
3.March 15, 1904Evening StarWashington, DC
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Article Text
South Dakota Bank Fails. CLARK, S. D., March 15.-The First State bank of this city has failed. Fred Ware has been appointed receiver and is in charge.
4.March 16, 1904The Indianapolis JournalIndianapolis, IN
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Article Text
Failure of a State Bank. CLARK, S. D., March 15.-The First State Bank of this city has failed. Fred Ware has been appointed receiver and is in charge.
5.March 18, 1904The Mitchell CapitalMitchell, SD
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Article Text
DAKOTA BANK FAILS. First State Bank of Clark Goes Into the Hands of Receiver Fred Ware. Clark, S. D., March 17.-The First State bank of this city falled today. Fred Ware has been appointed receiver. The bank had $12,000 capital and $4,000 surplus. Its last statement about six weeks ago, credited it with $115,000 deposits. The officers were: H. C. Dockover, president; S. N. Brown, vice president; Charles Jackson, cashier; H. E. Anderson, assistant cashier.
6.March 18, 1904The Penn's Grove RecordPenns Grove, NJ
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Article Text
South Dakota Bank Fails. The First State Bank, of Clark, S. Dak., has failed. Fred Ware has been appointed receiver.
7.April 6, 1904The Abbeville Press and BannerAbbeville, SC
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Article Text
South Dakota Bank Fails. The First State Bank. of Clark. S. Dak., has failed. Fred Ware has been appointed receiver.
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.