gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad1f90c9a219e944
Response Measures
None
Description
Later reporting (Nov 28) discusses efforts to reopen but no definite resumption is confirmed in these articles.
Events (3)
1.November 12, 1926Run
Cause
Local Banks
Cause Details
Run precipitated by recent closing of the First National bank and subsequent uneasiness after mysterious shootings of local bankers
Newspaper Excerpt
A run on the Security Bank during the three days was responsible for the closing
Source
newspapers
2.November 12, 1926Suspension
Cause
Government Action
Cause Details
Closed by state banking department/commissioner due to depleted reserves following heavy withdrawals
Newspaper Excerpt
The Security State bank of Detroit Lakes ... was closed today because of depleted reserves
Source
newspapers
3.November 28, 1926Other
Newspaper Excerpt
Chances that the Security State Bank of Detroit ... will reopen ... the state banking commission advised that since the bank had closed voluntarily the bank's assets are enough and the depositors are willing to meet certain conditions the bank might be reopened.
DETROIT LAKES CRASH MORE BANKS
Dual Closings Today Boosts Week's Failures To Three
ONE CLOSED MONDAY
Shooting Of Two Bankers With Financial Crises
[By Associated two Callaway with deposits 000 because of depleted reserves. Closing of the Security State Bank of Detroit Lakes its totaling $780,000. Continuation records of the First National the largest bank in the which closed Monday.
Wounded Better
Word from physicians that Norby and Frank Murphy, county bankers, found wounded in the Callaway bank, were improving The two bank closings, one here the other follow closely he discovery of the wounded bankers behind the locked doors the Callaway State Bank. Sletvold County Attorney clines to comment on the developments today before he has made investigation closing and shooting of the SecurBank, brother of Norby Lake Park. of the two found shot in the State Bank of laway, Becker County, Tuesday. A run on the Security Bank the last was responsible for the according to state bank examiner, now in charge.
2.November 12, 1926The Albert Lea TribuneAlbert Lea, MN
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Article Text
BECKER COUNTY
Security State Bank at Detroit Lakes Fails to Open as quiry Into Shooting of Bankers Is Continued.
Detroit Lakes, Minn., Nov. county the making three in week as officials tinued their investigation of shooting of two bankers. Developments today included: Closing of the Citizens State bank at with deposits because depleted serves.
Closing of the Security State bank of Detroit Lakes with posits totalling $780,000. Continuation of check of the records of the First National Bank, the largest bank the county which closed Monday. Word from physicians that Norby and Frank Murphy, Beckcounty bankers found wounded the Callaway bank were improving.
Norby, president of the Security bank, is brother of Norby of Lake Park, one of the bankers found shot the State bank of Callaway, Becker county, Tuesday. run on the Security bank ing the last three days was responsible the closing, according state bank examiner, now in charge.
RUN CLOSES NORBY BANK
Closing of Security State at Detroit Lakes Follows Shooting
The Security State bank of Detroit Lakes of which L. J. Norby is presi. dent, was closed today because of de pleted reserves according to A. J. Veigel, state banking commissioner. run was started on the bank after the recent closing of the First National bank at Detroit Lakes. J. Norby is a brother of W. J. Norby. former cashier of the closed Becker County State bank. who with Frank Murphy. president of the Calla way State bank was found seriously wounded in the Callaway bank on Tuesday Neither Murphy nor W. J. Norby have explained how they were shot. The Security State bank was capl. talized at $25,000 and had $780,000 in deposits.
Three railway systems of the Belgian Congo are to be extended and electrified.
Hanging by a clothes line from an improvised gibbet on the second floor of his home, August Laube, 58 years old, 244 Rondon street, St. Paul, was found dead by his neighbors today. Not having seen him for several days, neighbors entered the house and found the suicide. He had been dead for four days. The body was taken to the county morgue and search was made for relatives.
4.November 12, 1926The Bellingham HeraldBellingham, WA
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Article Text
TWO BERCKER COUNTY BANKS CLOSE DOORS
DETROIT LAKES Minn. total closed by state department of depleted The institutions the Security State the State Callaway posits tional bank here was closed Mon Closing of the Callaway bank fol affray which Frank and found in former's
RUN CAUSES BANK CLOSING. Detroit Lakes, Minn, November 12 (A. P.).-The Security State Bank here, with deposit of $780,000. was closed today, marking the second bank failure here within week. The First National, the largest bank in Becker County. was closed Monday. Norby, President of the Security Bank, brother of W. Norby. of Lake Park. one of two bankers found shot Tuesday. A run on the Security Bank during the three days was responsible for the closing
CRUSHED IN ELEVATOR. Harry Killinger, 22 years old, 4673 McNeil avenue, Norwood, was crushed to death yesterday morning in an elevator cab at the Kinney-Rome Bed Company's factory. West Water street. Killinger was employed shipping clerk at the factory The accident not discovered until smoke from friction, caused by belt on the elevator. filled the factory The Fire Department life saving squad was called. but Killinger was pronounced dead.
RUN CAUSES BANK CLOSING
Detroit Lakes, Minn, November 12 (A. P.).-The Security State Bank here, with deposit of $780,000 was closed today. marking the second bank failure here within week The First National, the largest bank in County. was closed Monday L Norby. President of the Security Bank is brother of W Norby, of Lake Park one of two found shot Tuesday run the Security Bank during the three was re. sponsible for the closing
7.November 13, 1926The Springfield Daily RepublicanSpringfield, MA
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Two Banks Close After After Mysterious Shootings
Detroit Lakes, Minn., Nov. mysterious shooting of bankers in the Citizens' State bank Callaway followed today the closing that and Security State bank here because of reserves. Physicians said another 24 hours elapse will permit to question W. stockholder bank, Frank found the Tuenday suffering from president Callaway bank, cashier of Security bank and both instituclosed caused their The bank posits and the bank had $150,000 deposits. he had found nothing in the closing the banks warrant any action by him. First National shooting of Norby Callaway Security bank," Sletvold's and to the runs that forced their closing.
Two Bankers Shot, Institution Closed
Detroit Lakes, Minn., Nov. 12.-(P) -Mysterious shooting of two bankcrs in the Citizens State bank of Callaway, Minn., was followed today by the closing of that bank and the Security State bank here because of depleted reserves. Physicians said another 24 hours must clapse before they will permit authorities to question W. J. Norby, stockholder in the Callaway bank and Frank Murphy, its cashier, found suffering from bullet wounds in the bank Tuesday. H. S. Erickson, president of the Callaway bank also is cashier of the Security bank here and both institutions were closed after runs had caused withdrawals imperilling their resources, the bank's officials said.
Will Live. Norby and Murphy, found unconscious in locked room in the rear of the Callaway bank, were reported improving today but were not out of danger. There has been no defi- nite indication of responsibility for the double shooting. The Security bank here had deposits of $780,000 and the Callaway bank had $150,000 in deposits.
BANK CLOSED FOLLOWING MYSTERIOUS SHOOTING
Detroit Lakes, Minn., Nov. bankers in the State bank Minn., followed today by closing that bank the Security State bank here of depleted reserves. Physicians said another hours must elapse before will authorities question Norby, stockholder Callaway bank, and Frank Murphy, cashier, found bank Tuesday suffering from bullet wounds.
10.November 13, 1926Palladium-ItemRichmond, IN
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Article Text
PARAFFIN CAUSES DAMAGE BY FIRE HILTERMAN HOME
Paraffin being heated by Mrs Bernard 412 South Sixth street, ignited and set fire to the dwelling early Thursday morning and caused considerable damage. companies answered the to the fire department extinguished the blaze with chemicals. spark from bonfire in the street thought to have caused small fire Friday the home of Ed Benton, 216 North Second street. small portion of weather boarding and roof was burned.
RUN CAUSES BANK CLOSING DEROIT LAKES, Minn., Nov. The Security State Bank here, with deposit was closed terday, marking the second bank failure here within week. The First National, the largest bank in Becker County, was closed Monday. Norby, president the Security bank brother of Norby, Lake Park,one two bankers found shot Tuesday. run on the Security bank during the three days was responsible for the closing.
Two Bankers Shot, Institution Closed
Detroit Lakes, Minn., Nov. 12.-(P) -Mysterious shooting of two bankers in the Citizens State bank of Callaway, Minn., was followed today by the closing of that bank and the Security State bank here because of depleted reserves. Physicians said another 24 hours must elapse before they will permit authorities to question W. J. Norby, stockholder in the Callaway bank and Frank Murphy, its cashier, found suffering from bullet wounds in the bank Tuesday. H. S. Erickson, president of the Callaway bank also cashier of the Security bank here and both institutions were closed after runs had caused withdrawals imperilling their resources, the bank's officials said. Will Live.
Norby and Murphy, found unconscious in a locked room in the rear of the Callaway bank, were reported improving today but were not out of danger. There has been no defi- nite indication of responsibility for the double shooting. The Security bank here had deposits of $780,000 and the Callaway bank had $150,000 in deposits.
12.November 13, 1926The Berkshire EaglePittsfield, MA
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Closing of Banks Follows Shooting of Two Bankers DETROIT LAKES. Minn., Nov. mysterious shooting of bankers in the Citizens' State bank Callaway was followed yesterday the closing of that bank and the curity State here because reserves. another 24 hours must elapse before they will permit authorities Norby, stockholder in the Callaway Frank Its cashier, found the Tuosday suffering from bullet wounds. Erickson, Callaway bank, cashier Security bank and booth Instituclosed after runs had caused imperilling their resources, the banks' officials The Security here had posits $780,000 the bank had $150,000 deposits. Sletvold, county said found nothing closing banks warrant any ction by him. closing of First National bank here Monday, followed by the unexplained shooting of Norby and caused among depositors Callaway bank bank, and to that their closing.
13.November 13, 1926The Fresno Morning RepublicanFresno, CA
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Messenger Held Up; Bandits Take $35,000
Nov. masked men tonight held Belmont company West 000 they about to enter the the bank Police the who escaped the band that held robbed member textile firm and his sister payrolls more than $3,500 few hours earlier
Two Banks Close In Minnesota
DETROIT LAKES, Nov. Becker county banks, total deposits were closed today by the state banking department because of depleted reserves. The institutions are the Security State bank of Detroit deposits 780,000 and the Citizens' State bank with posits The First tional bank here was closed Monday. Closing of the Callaway bank folaffray Tuesday in which Frank Murphy, cashier, and Norby. stockholder, found wounded in the former's Board Of Governors Shuts Bank's Doors
KANSAS CITY. Nov. Federal Trust Kansas City closed late today the board and voted place the bank the hands of the state finance commisHeavy runs on the bank in the last weeks caused the move, said. He the board believed the deposiamply protected. posits amounted about
14.November 13, 1926Record-JournalMeriden, CT
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Two Bankers Mysteriously Shot As House Closes
Detroit Lakes, Minn., Nov. of two bankers the Citizens' State Bank Minn., was followed today the that bank and the Security State Bank because depleted reserves. Physicians said another hours must elapse before they will perauthorities to question Norby, stockholder the Callaway and Frank its ier, found Tuesday suffering from bullet wounds. Erickson, president of the cashier the Security and closed after runs had caused withdrawals ling their resources the banks ficials said.
15.November 13, 1926Star-HeraldScottsbluff, NE
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Customers Become Suspicious After Two Officials Had Been Found Wounded.
Detroit Lakes, Nov. Mysterious of bankers the Citizens State bank of Callaway, Minn. was followed today by the closof that bank and the Security State bank here because depleted
Physicians said another hours must elapse before they will permit authorities question Norby, holder in the Callaway bank and Frank Murphy, its cashier, found suffering from bullet wounds received the bank Tuesday. H. Erickson, president of the Callaway bank also cashier the Security bank here and both institutions were closed after runs had caused withdrawals imperiling their resources, the banks' officials said. Norby and Murphy, found unconsclous locked room in the the Callaway bank were reported improving today but were not out danger, their physicians said. There has been definite of sponsibility for the double shooting. The Security bank heer had deposits of $780,000 the Callaway bank $150,000 in deposits. Sletvold, county attorney said he had found nothing in the closing of the banks to warrant any action by him. The closing the First National bank here Monday. followed by the unexplained shooting of Norby and Murphy "caused uneasiness among positors the Callaway bank and curity Sletvold's opinion, and led to the runs that forced their closing.
MAID IN HALL HOME FOUR YEARS PROVES STRONG WITNESS IN TRIAL
BRINGS CRISIS BANKS
DETROIT LAKES. Minn., Nov. shooting of two bank in the Citizens' State bank of Callaway, Minn., was followed today by the closing of that bank and the Se curity bank here, because of depleted reserves. Physicians said another 24 hours must elapse before they will permit authorities question W. Norby, stockholder the Callaway bank and Frank Murphy, its cashier, found fering from bullet wounds in the bank Tuesday H. Erickson, president of the Callaway bank also cashier of Security bank here and both institutions were closed after runs had imperilling their sources, the banks' officials said. Norby and Murphy, found unconscious locked room in the rear of bank, were reported proving today, but were not danger, their physicians said. There has been definite indication of for the double shooting. The Security bank here had deposits and the Callaway bank had in deposits.
17.November 13, 1926Buffalo Courier ExpressBuffalo, NY
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BANK SHOOTING CAUSES SECOND ONE TO CLOSE
Run on allied institution follows mysterious attack on officers
RESOURCES IMPERILLED
Federal Trust, Kansas City, also forced to close doors; protected
Detroit Lakes, Minn., Nov. of two in the State Bank Callaway, Minn., followed to closing that bank and State Bank here bedepleted reserves. said another hours must elapse before they will permit authorities question Norby, stockholder Callaway bank, Frank Murphy, Its cashier, found bank Tuesday suffering from bullet wounds.
Resources Imperilled H. Erickson, president of the Bank, also cashier of bank and both tions closed after runs had caused imperilling their the banks' officials The Security Bank here had posits of and the bank had $150,000 in deposits. Stevold, county attorney, had found nothing the closing the banks warrant any action by him. The closing of the First National Bank here Monday, followed by the unexplained of and Murphy Callaway and Security led to the runs that forced their closing.
Kansas City Bank Closed
Kansas Nov. 12 The Federal Trust Company Kansas City, with deposits about $2,000,closed late today by the board governors voted place the institution in hands finance runs by depositors the caused president, He board the deposwere protected. The trust general banking business.
MANY BANKS GO TO WALL Trust Co. Stops Business TWO MORE Kansas City, Nov. 13.-The state finance commissioner was in charge of the Federal Trust company of Kansas City which suspended busiMINNESOTA ness yesterday following recent heavy withdrawals. BANKS FAIL The bank was organized under the state banking laws with a capital of $200,000 and a surplus of $40,000. Institution Where Two Bankers Were Deposits totalled approximately $2,Found Shot Closes Doors - Three 000,000 and resources were listed at nearly $3,000,000. The institution Day Run Shuts Security State. was accorded privileges of the federal reserve system. Two Becker county banks with total P. E. Laughlin, president, said he deposits of $930,000 were closed by thought the deposits were safe. A the state banking department because city deposit of $300,000 was protectof depleted reserve. ed by government bonds. Funds of The institutions are the Security the state of Missouri were covered State bank of Detroit Lakes and the by a surety bond. Citizens State bank of Callaway, scene Laughlin organized the Mid-West of the shooting of W. J. Norby and National Bank and Trust company Frank Murphy, Becker county bankhere 10 years ago. This institution ers recently. was merged in 1920 with the NationFailure of the two institutions al Reserve bank under the name of marked the third bank failure in Becthe Mid-West Reserve Trust comker county within a week. The First pany. It closed a year later. De~ National bank of Detroit Lakes, largpositors were paid but directors and est bank in the county, closed Monstockholders lost investments. A day by order of the board of directshort time later, Laughlin became ors. head of the Federal Trust company. A. J. Veigel, commissioner of banks
TWO MORE MINNESOTA BANKS FAIL Institution Where Two Bankers Were Found Shot Closes Doors - Three Day Run Shuts Security State. Two Becker county banks with total deposits of $930,000 were closed by the state banking department because of depleted reserve. The institutions are the Security State bank of Detroit Lakes and the Citizens State bank of Callaway, scene of the shooting of W. J. Norby and Frank Murphy, Becker county bankers recently. Failure of the two institutions marked the third bank failure in Becker county within a week. The First National bank of Detroit Lakes, largest bank in the county, closed Monday by order of the board of directors. A. J. Veigel, commissioner of banks announced at St. Paul that the deposits of the Security State bank at Detroit Lakes totaled $780,000 while those of the Callaway institution totalled $150,000. Officer in Two Banks H. S. Erickson, president of the Callaway bank, is also cashier of the Security State bank at Detroit Lakes. L. J. Norby, president of the Security bank, is a brother of W. J. Norby, former cashier of the closed Becker county bank of Lake Park, who was wounded in the Callaway shooting incident. Frank Murphy, the other wounded banker, is president of the Callaway institution. W. J. Norby is a stockholder in the Callaway institution. Closing of the Security State bank and the First National bank leaves Detroit Lakes with but one bankThe Detroit Lakes State bank. The remaining bank was preparing this morning to face a run as a result of the closing but money is on hand, business men say, to more than pay off all depositors. A three-day run on the Security State bank, said to have been precipitated by the closing of the First National bank. was responsible for the closing, O. L. Granvold, a state bank examiner, announced today. Closing of the two Detroit Lakes banks, inability to make collections, and depleted reserve, were given as causes of the Callaway failure. The immediateca use for the failure was the closing of the Detroit Lakes bank, it was said. Several years ago Callaway's two banks, the State bank and the Citizens State bank, each of which was capitalized at $10,000, consolidated and were capitalized at $25,000. The State bank was backed by the First National bank of Detroit Lakes and the Security State bank backed the Citizens State bank. When the consolidation was completed, each of the Detroit banks retained an interest in what became the Citizens State bank of Callaway.
DETROIT BANK MAY BE REOPENED
Depositors of Closed Security State Map Steps o Make Possible Resuming Business
Detroit Lakes, Minn., Nov. Chances that the Security State Bank of Detroit 12, the the board of direcwill reopen, here tonight meeting of the dethe Sletvold, Becker county attor was chosen chairman the meeting Selander, of Detroit Lakes, elected secretary was pointed out that the state banking commission advised that since the bank had closed voluntarily the bank's enough and the depositors are willing to meet certain conditions the migh: be reopened. committee, E. O. Hanson, Hage, of Detroit Lakes, Griffin, representing territorq. south the town Gandrud, representing territory north of the city, was named the bank's assets and report state tanking department. As soon report has been made, meeting of depositors be asked to regard to their and thus make run the bank The bank present in charge'of deputy bank examiner.
Fergus Falls Women Plan Museum Fergus Falls, clubs of Fergus are planning to establish historical museum here and are pealing for material show the trend early life.
21.November 29, 1926The Bismarck TribuneBismarck, Mandan, ND
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Shot fired from trolley car in Berlin, as Paul Loebe, president of Reichstag, addresses outdoor socialist-labor demonstration, grazes head of an organizer; police seize facists. Purchase and distribution of medicinal whisky by a private corporation as now proposed by the treasury department is approved by Wayne B. Whecler of the Anti-saloon League, in Washington. Representative Nelson, Republican, Wisconsin, insurgent leader, expresses belief in Washington that all insurgent members of the house will be reinstated in party councils. Chinese cabinet in Peking tenders resignation in telegrams to five northern war lords, declaring lack of funds prevents carrying on of even the most elementary functions of government. Fergus Falls, Minn.-Gus Comstock, claimant of the world's coffee drinking championship, announced he would meet challenges if there is a purse in sight. St., Pa"!-Northern Pacific announced $3,000,000 rail project for vassey of Montana. Detroit Lakes, Minn. - Depositors of closed Security State Bank decided to take steps looking toward reopening of institution. East Grand Forks, Minn.-Coroner's jury held that Richard Marquette died from accidental burning when fire destroyed Franklin hotel St. Paul-George Gerard, 15, newsboy, was killed by hit and run motorist believed to be bandit who held up grocery store and obtained $50. 1 St. Paul-Executive committee selected Minneapolis for 1927 convention, November 10-13, of Minnesota Education association. Washington-Senator Shipstead of Minnesota favors expenditure of expected treasury surplus in public buildings construction.
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.
