gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1e5de5932e955ef9
Response Measures
None
Events (1)
1.April 4, 1903Run
Cause
Rumor Or Misinformation
Cause Details
An April Fool's joke/rumor spread (man in a saloon said bank would have a sensational April Fool's joke), prompting mass withdrawals.
Random Run
Yes
Random Run Snippet
April Fool joke rumor spread; prank, not true
Measures
President declared readiness to meet legitimate demands; offers of assistance were received.
Newspaper Excerpt
As the result of an April fool joke the private bank of Kaspar & Karel experienced a run, during which fully $200,000 was withdrawn by 400 of the 900 depositors.
Source
newspapers
Newspaper Articles (10)
1.April 4, 1903The Topeka State JournalTopeka, KS
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Article Text
APRIL FOOL JOKE Starts Run on a Bank Which Threatens Disaster. Chicago, April 4.-The Chronicle today says: As the result of an April Fool joke the private bank of Kaspar & Karel experienced a run, during which up to the close of banking hours yesterday afternoon fully $$200,000 was withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence last night that the storm had been weathered. He expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man whose identity has not been revealed to Kaspar said in a nearby saloon last Sunday, with an air of deep mystery, that the Kaspar & Karel bank would have a sensational April Fool's joke for its depositors. The remark gained many meanings in circulation and the following day the run began. The, concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1.250,000, with corresponding liabilities. Throughout the run Mr. Kaspar has been in receipt of offers of assistance in themselves more than sufficient to meet the drain, without the normal sources of the bank.
2.April 4, 1903Evening Times-RepublicanMarshalltown, IA
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Article Text
STARTED RUN ON BANK. April Fool Joke Was Serious for Chicago Institution. Chicago, April 4.-The Chronicle says: As the result of the April fool joke the private bank of Kaspar & Karel experienced a run yesterday, during which $200,000 were withdrawn by the depositors. It IS thought the run is now over. A man as yet unknown remarked Sunday that the bank would have a sensational April fool joke and the report gained widespread currency, and the run resuted.
3.April 4, 1903Deseret Evening NewsSalt Lake City, UT
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Article Text
AN APRIL FOOL JOKE, Causes a Big Run on a Chicago Private Bank. Chicago, April 4.-The Chronicle today says: As the result of an April fool joke the private bank of Kaspar and Karel, experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by 400 of the 900 depositors. The:president, William Kasper, expressed confidence last night that the storm had been weathered. He, expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kasper, said in a nearby saloon last Sunday with an air of deep mystery that the Kasperand Karel bank would have a sensational April fool's joke for its depositors. The remark gained in circulation and the following day the run began, The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000 with corresponding liabilities. Throughout the run Mr. Kasper has been in receipt of offers of assistance in themselvesp more than sufficient to meet the drain, without the normal resources of the bank.
4.April 4, 1903The Providence NewsProvidence, RI
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Article Text
AN APRIL FOOL JOKE. Caused Run on a Bank During Which $200,000 Was Withdrawn By Depositors. Chicago, April 4.-As the result of an April fool joke the private bank of Kaspar & Karel has experienced a run, during which fully $200,000 was withdrawn by 400 of the 900 depositors. President Kaspar expresses confidence that the storm has been weathered. He expectsno further withdrawals today but declared entire readiness to meet and legitimate demands that might be made. A man, whose identity has been revealed to Mr. Kaspar, said in a nearby saloon Sunday, with an air of deep mystery, that the Kaspar & Karel bank would have a sensational April fool's The remark joke for its depositors. gained many meanings in circulation and the following day the run began. The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000, with corresponding liabilities. Throughout the run Mr. Kaspar has been in receipt of offers of assistance in themselves more than sufficient to meet the drain, without the normal resources of the bank.
5.April 4, 1903Deseret Evening NewsSalt Lake City, UT
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Article Text
AN APRIL FOOL JOKE, Causes a Big Run on a Chicago Private Bank. Chicago, April 4.-The Chronicle today says: As the result of an April fool joke the private bank of Kaspar and Karel, experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by 400 of the 900 depositors. The-president, William Kasper, expressed confidence last night that the storm had been weathered. He expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kasper, said in a near. by saloon last Sunday with an air of deep mystery that the Kasperand Karel bank would have a sensational April fool's joke for its depositors. The remark gained in circulation and the following day the run began. The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000 with corresponding liabilities. Throughout the run Mr. Kasper has been in receipt of offers of assistance In themselvesp more than sufficient to meet the drain, without the normal resources of the bank.
6.April 5, 1903The Savannah Morning NewsSavannah, GA
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Article Text
APRIL FOOL CAUSED RUN ON A BANK. Before the Tide Was Stopped, $200,000 Had Been Withdrawn. Chicago, April 4.-The Chronicle today says: As the result of an April fool joke, the private bank of Kaspar & Karel experienced a run, during which fully $200,000 has been withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence that the storm had been weathered. He expected no further withdrawals to-day, but declared entire readiness to meet any legitimate demands that may be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon Sunday, with an air of deep mystery, that the Kaspar & Karel Bank would have a sensational April fool's joke for its depositors. The remark gained many meanings in circulation, and the following dav the run began
7.April 5, 1903New-York TribuneNew York, NY
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Article Text
BANK RUN RESULT OF APRIL FOOL JOKE. Chicago. April 4.- "The Coronicle" to-day says that as the result of an April fool joke the private bank of Kaspar & Karel experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by four hundred of the nine hundred depositors. The president. William Kaspar, expressed confidence last night that the storm had been weathered. He expected no further withdrawals, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon on Sunday, with an air of deep mystery. that the Kaspar & Karel bank would have a sensational April fool joke for its depositors. The remark gained many meanings in circulation, and the following day the run began. The concern is capitalized at $150,000. and the last monthly statement disclosed assets in the neighberhood of $1,250,000. with corresponding liabilities. Throughout the run Mr. Kaspar has been in reof offers of assistance in themselves more than ceipt sufficient to meet the drain, without the normal resources of the bank.
8.April 5, 1903Omaha Daily BeeOmaha, NE
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Article Text
JOKE STARTS RUN ON BANK April Fool Custom Almost Ruins a Private Financial Institution in Chicago. CHICAGO, April 4.-As the result of an April fool joke the private bank of Kaspar & Karel experienced a run, during which up to the close of banking hours yesterday afternoon fully $200,000 was withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence last night that the storm had been weathered. He expected no further withdrawals today, but declared entire readiness to meet any legitimate demands that might be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon last Sunday, with an air of deep mystery, that the Kaspar & Karel bank would have a sensational April fool's joke for its depositors. The remark gained many meanings in circulation and the following day the run began. The concern is capitalized at $150,000 and the last monthly statement disclosed assets in the neighborhood of $1,250,000, with corresponding liabilities. Throughout the run Mr. Kaspar has been in receipt of offers of assistance in themselves more than sufficient to meet the drain without the normal resources of the bank.
9.April 7, 1903The News & ObserverRaleigh, NC
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Article Text
COSTLY APRIL FOOL JOKE. Causes a Heavy Run on the Private Bank of Kasper and Karel. (By the Associated Press.) Chicago, Ills., April 4.-The Chronicle today says: As the result of an April fool joke the private, bank of Kaspar and Karel experienced a run, during which fully $200,000 has been withdrawn by 400 of the 900 depositors. The president, William Kaspar, expressed confidence that the storm had been weathered. He expected no further withdrawals today but declared entire readiness to meet any legitimate demands that may be made. A man, whose identity has not been revealed to Mr. Kaspar, said in a nearby saloon Sunday, with an air of deep mystery that the Kaspar and Karel bank would have a sensational April fool's joke for its depositors, The remark gained many meanings in circulation and the following day the run began.
APRIL FOOL JOKE. Practical Joker Causes Run on Chicago Bank, Which Causes a Loss of $200,000 in Deposits. Chicago, April 7.-The Chronicle today says: "As a result of an April fool joke the private bank of Kaspar & Karel experienced a run yesterday during which $200,000 was withdrawn by depositors. It is thought the run is now over. A man yet unknown remarked Sunday that the bank would have a sensational run as an April fool joke; and the report gained widespread currency and a run resulted.
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.
