gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
be55af2ef9a6175e
Response Measures
None
Events (1)
1.November 24, 1905Run
Cause
Rumor Or Misinformation
Cause Details
Run begun for no known reason; newspapers speculate a statement about the president's failing health prompted panic (rumor).
Measures
Bank paid all callers promptly; brought four wagon loads of silver (about $500,000) from Chicago and St. Louis to reassure depositors and stop withdrawals.
Newspaper Excerpt
For no known reason a run started today on the savings department of the State Central Savings bank. The bank is paying all callers as fast as possible.
Source
newspapers
Newspaper Articles (10)
1.November 24, 1905Evening Times-RepublicanMarshalltown, IA
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Article Text
RUN ON KEOKUK BANK. One is Being Made Today by Women and Small Depositors. Keokuk, Nov. 24.-For no known reason a run started today on the savings department of the State Central Savings Pank. The bank is paying all callers as fast as possible. The run is being made by women, and small depositors. The business men are not participating.
2.November 24, 1905Rock Island ArgusRock Island, IL
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Article Text
RUN IN PROGRESS ON A KEOKUK BANK State Central's Savings Department is Paying All Who Want Deposits. Keokuk, Iowa, Nov. 24.-For no known reason, a run started today on the savings department of the State Central Savings bank. The bank is paying all callers as fast as possible. The run is being made by women and small depositors. Business men are not participating.
3.November 25, 1905Ottumwa Tri-Weekly CourierOttumwa, IA
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Article Text
RUN ON BANK SMALL DEPOSITORS WITHDRAW ACCOUNTS FROM KEOKUK INSTITUTION Keokuk, Nov. 24.--For no known reason a run started today on the savings department of the State Central Savings bank. The bank is paying all callers as fast as possible. The run is being made by women and small depositors: The business men are not participating.
RUN STOPPED. Keokuk, Iowa, November 26.-The run which which began yesterday on State Central Savings Bank stopped this morning almost entirely, after the arrival of four wagon loads of silver dolars from Chicago and St. Louis. The wagons backed to the door of the bank and half a million dollars was carried into the bank and piled up in sight of the people.
5.November 25, 1905The Topeka State JournalTopeka, KS
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Article Text
RUN WITHOUT REASON. Is Started on the Savings Department of a Keokuk Bank. Keokuk, Ia., Nov. 24.-For no known reason a run started today on the savings department of the State Central Savings bank, the oldest bank here. The bank is paying all callers as fast as they can be waited on,
6.November 25, 1905Deseret Evening NewsSalt Lake City, UT
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Article Text
RUN ON BANK STOPPED. Keokuk, Ta., Nov. 25.-The run which began yesterday on the State Central Savings bank stopped this morning almost entirely after the arrival of four wagon loads of silver dollars from Chliago and St. Louis. The wagons backed up to the door of the bank. A half million dollars was carried into the bank and piled up in sight of the people.
7.November 25, 1905Los Angeles HeraldLos Angeles, CA
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Article Text
Run on Keokuk Bank By Associated Press. KEOKUK, Ia., Nov. 24.-For no known reason, a run started today on the savings department of the State Central bank, the oldest bank here. The bank is paying all callers as fast as they can be waited on.
8.November 26, 1905The Birmingham Age-HeraldBirmingham, AL
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Article Text
Silver By the Wagon Load. Keokuk, Ia., November 25.-The run which began yesterday on the State Central Savings bank, stopped this morning after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. The run was probably caused by. a statement that the President's health was failing.
9.November 26, 1905The Montgomery AdvertiserMontgomery, AL
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Article Text
Run on Bank is Stopped. Keokuk, Iowa, Nov. 25.-The run which began yesterday on the State Central Savings Bank stopped this morning after the arrival of four wagon loads of silver dollars from Chicago and St. Louis. The run was probably caused by a statement that the president's health was failing.
10.November 30, 1905The Rich Hill TribuneRich Hill, MO
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Article Text
A Run on a Keokuk, la., Bank. KEOKUK, IA-For no known reason a run was started on the savings department of the State Central SavIngs bank, the oldest bank here. The bank is paying all callers as fast as they can be waited upon.
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.