gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9dadf069ef215dcf
Response Measures
None
Events (1)
1.July 24, 1892Run
Cause
Rumor Or Misinformation
Cause Details
A practical joker circulated a canard/joke that magnified and caused depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
A joke/canard circulated by a practical joker; false report
Measures
All depositors were paid promptly; bank paid out withdrawals and reassured public; had large cash reserves to meet claims.
Newspaper Excerpt
A silly joke caused a small run on the People's Savings Bank.
Source
newspapers
Newspaper Articles (10)
1.July 24, 1892New-York TribuneNew York, NY
Click image to open full size in new tab
Article Text
RUN ON A BANK CAUSED BY A JOKE. Evansville, Ind., July 23.-A silly joke caused a small run on the People's Savings Bank. About $3,800 was withdrawn, mostly small savings of poor people. The bank Is said to be in sound condition, and has $500,000 in its vaults, and can pay out every dollar of its liabilities and have a big surplus left.
2.July 26, 1892Evening StarWashington, DC
Click image to open full size in new tab
Article Text
The strike of Wabash railroad men in Indiana has ended in a complete victory for the men. A joke started a run on the People's Savings Bank at Evansville, Ind., which weathered the gale safely.
3.July 27, 1892The True NorthernerPaw Paw, MI
Click image to open full size in new tab
Article Text
THE BANK STOOD THE RUN. A Panic Caused by a Joke Makes Depositors Draw Their Money. At Evansville, Ind., a run was started on the People's Savings Bank. and at the closing hour about $40,000 had been paid to frightened depositors. The panic was started by a joke that magnifed as it went the rounds and finally became serious. Many poor people were at the bank at daylight, SO anxious were they. All depositors were paid promptly without a question. The bank is solid and has a surplus over moneys deposited They have in cash over $500,000 to meet claims and can raise $250,000, if needed, from other banks.
4.July 28, 1892The Russellville DemocratRussellville, AR
Click image to open full size in new tab
Article Text
A Silly Joke. EVANSVILLE, IND., July 23. - A silly joke caused a small-sized run on the People's Savings Bank to lose about $380, withdrawn mostly from small saving poor people. The bank, however, is said to be in a sound condition, and has $50,000 in the vaults and can pay out every dollar of its liabilities and have a big surplus left.
5.July 28, 1892Iron County RegisterIronton, MO
Click image to open full size in new tab
Article Text
Run on n Bank. EVANSVILLE,Ind..July 24.-A run was started yesterday on the People's Savings bank and at the closing hour about $40,000 had been paid to frightened depositors. The panic was caused by a joke that magnified as it went the rounds, and finally became serious. Many poor people were at the bank at daylight yesterday morning, so anxious were they. All depositors were paid promptly without a question. The bank is solid. and has a surplus over moneys deposited. They have in cash over $500,000 to meet claims and can raise $250,000 more, if needed.
6.July 29, 1892The Bolivar BulletinBolivar, TN
Click image to open full size in new tab
Article Text
Run on a Bank. to EVANSVILLE, Ind. July 24.s run was started yesterday on the People's Savings bank and at the closing hour about $40,000 had r een paid to frightened depositor The panic was caused by a joke that magnified as it went the rounds, and finally became serious Many poor people were at the bar at daylight yesterday morning, 60 anxious were they. All depositors were paid promptly withouta question. The bank is solid, and has a surpl us over moneys deposited. They have in cash over $500,000 to meet claims and can raise $250,000 more, if needed. T
A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in & well regulated penitentiary.
8.August 4, 1892The Princeton UnionPrinceton, MN
Click image to open full size in new tab
Article Text
A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in a well regulated penitentiary.
9.August 11, 1892Courier DemocratLangdon, ND
Click image to open full size in new tab
Article Text
A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five mirthful years in a well regulated penitentiary.
A CANARD started by a practical joker started a run which came near swamping the People's Savings Bank of Evansville, Ind. A joke like that would seem to call for about five nirthful years in a well regulated peniten' "y.
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.