Mechanics Dime Savings Bank

Episode Information

Episode UID: 7123311791215
Episode Type: Run Only
Bank Type: savings
Bank ID: 712331179 hash
Start Date: March 4, 1901
Location: Raleigh, North Carolina (35.772, -78.639)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: f70126fda2f84655

Response Measures

None

Events (1)

1. March 4, 1901 Run

Cause: Rumor Or Misinformation
Cause Details: A small run started by vague rumors about the bank's condition.
Newspaper Excerpt: A small run on it yesterday, started by vague rumors, served to show its strength.
Source: newspapers

Newspaper Articles (1)

1. March 5, 1901 The News & Observer Raleigh, NC

Article from The News & Observer, March 5, 1901

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Article Text

The people of Raleigh who know their true condition are proud of its banking institutions. Not one is better bottomed in resources and popular confidence than the Mechanics Dime Savings Bank. A small run on it yesterday, started by vague rumors, served to show its strength. Its stock is way above par and its as solid as any institution in North Carolina.

Episode Information

Metadata

Response Measures

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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