gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bc608772f5f845ab
Response Measures
None
Events (1)
1.April 30, 1906Run
Cause
Bank Specific Adverse Info
Cause Details
Run started after a suit was filed (William P. Engel seeking accounting for stocks connected to L. V. Prior's suicide).
Measures
First National Bank of Cleveland sent $200,000 in cash (delivered by automobile) to stop the run.
Newspaper Excerpt
The sending of $200,000 to the Dollar Savings Bank of Painesville, by the First National Bank of this city, in an automobile, today, stopped a run on the former institution.
Source
newspapers
Newspaper Articles (10)
1.April 30, 1906Evening Times-RepublicanMarshalltown, IA
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Article Text
AUTO CARRIES RELIEF. Cleveland Bank Sends Money to Help Out the Painesville O., Institution. Cleveland, O., April 30.-The sending of $200,000 to the Dollar Savings Bank of Painesville, by the First National Bank of this city, in an automobile, today, stopped a run on the former institution. The Dollar Savings Bank was declared by the bankers to be perfectly solvent.
2.May 1, 1906New-York TribuneNew York, NY
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Article Text
AUTO STOPS RUN ON A BANK. Cleveland, April 30.-The sending of $200,000 to the Dollar Savings Bank, of Painesville, by the First National Bank, of this city, in an alltomobile to-day stopped a run on the former institution. The run was caused by a suit in the United States Court of William P. Engel, of Deflance, Ohio, who asks an accounting with the Dollar Bank for stocks held for him by Lo. land V. Prior at the time of his suicide
3.May 1, 1906The Daily Morning Journal and CourierNew Haven, CT
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Article Text
Anto With Money Saves Run on Bank. Cleveland, April 30.-The sending of $200,000 to the Dollar Savings bank of Painesville by the First National bank of this city in an automobile to-day stopped a run on the former institution. The Dollar Savings bank is declared by bankers to be perfectly solvent.
4.May 1, 1906The Topeka State JournalTopeka, KS
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Article Text
Auto Saves a Bank. Cleveland, O., May 1.-An automobile was the agency through which a run on the Dollar Savings bank of Painesville was stopped. The institution is said to be perfectly solvent but a run was started on the strength of a suit having been filed against the institution. The First National bank of this city piled $200,000 into an automobile, which, going at top speed. reached Painesville before the run had become serious.
5.May 6, 1906The SunNew York, NY
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Article Text
The speed of a Winton car carrying bundles of real money stopped a-run on the Dollar Savings Bank at Painesville, Oblo. April 30. The run started that morning when the bank opened its doors. and the bank emetals ht once telephoned to the First National Bank of Cleveland for cur. rency, Assistant Cashier Krausa of the First
6.May 8, 1906Wausau PilotWausau, WI
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Article Text
Save Bank by Automobile. The sending of $200,000 to the Dollar Savings bank of Painesville, Ohio, by the First National bank of Cleveland in an automobile stopped a run on the former institution.
7.May 8, 1906The Morris County ChronicleMorristown, NJ
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Article Text
Cash in Auto Ends Bank Run. Using an auto to rusr $200,000 to the Dollar Savirgs Lank of Painsville, Ohio, the First National Bank of Cleveland stopped a run on the former institution.
8.May 10, 1906The French Broad HustlerHendersonville, NC
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Article Text
Cash in Auto Ends bank Run. Using an auto to rust $200,000 to the Dollar Savings Bank of Painsville, Ohio, the First National Bank of Cleveland stopped a run on the former institution.
9.May 22, 1906Wausau PilotWausau, WI
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Article Text
A run on the Dollar Savings bank of Painesville, Ohio, was stopped when an antomobile arrived from Cleveland with $200,000 in cash.
10.May 24, 1906Wood County ReporterWisconsin Rapids, WI
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Article Text
A run on the Dollar Savings bank of Painesville, Ohio, was stopped when an automobile arrived from Cleveland with $200,000 in cash.
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.