10063. Lead Belt Bank (Bonne Terre, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 9, 1907
Location
Bonne Terre, Missouri (37.923, -90.555)

Metadata

Model
gpt-5-mini
Short Digest
c8e7d3d7

Response Measures

None

Description

The bank 'temporarily suspended payments and closed its doors on the 9th inst. to prevent a run' and 'was opened again for business on Tuesday' (13th). No explicit run is reported; suspension appears precautionary and the bank reopened after state examiners found it solvent.

Events (2)

1. November 9, 1907 Suspension
Cause
Rumor Or Misinformation
Cause Details
Precautionary suspension to prevent an impending run that threatened to exhaust cash; motivated by depositor nervousness/possible rumors of failure.
Newspaper Excerpt
The Lead Belt Bank in Bonne Terre ... temporarily suspended payments and closed its doors on the 9th inst. to prevent a run on the bank that would soon have exhausted its cash.
Source
newspapers
2. November 13, 1907 Reopening
Newspaper Excerpt
An investigation of the bank's affairs later by the state bank examiners proved its condition perfectly solvent, and it was opened again for business on Tuesday, 13th.
Source
newspapers

Newspaper Articles (2)

Article from Potosi Journal, November 20, 1907

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Article Text

Locally the financial situation remains the same, our banks taking care of their business without difficulty. The payment of quarterly pension checks which is now going on will add considerable cash circulation through out the county. U. S. Ramsey, a well-known merchant at Sunlight, in the southern part of this county on last Saturday filed voluntary petition in bankruptcy in the U.S. districtcourt of St. Louis. He gives his liabilities as $5,576.61 and his assets $5,955.56. He was generally supposed to be doing a good business and free from financial difficulties. We hope he may soon extricate himself from bis money troubles. Mr. R. P. Hall of near Hopewell, who has interested himself in securing a rural free mail delivery route from the Hopewell post-office for the peopie living west of there, was in town Saturday and reported that the Postoffice Department had recently sent an inspector to view the proposed route, who found it perfectly feasible, it is said. The probabilities are that the route will be established before long. The Lead Belt Bank in Bonne Terre of which H. D. Evaus, well-known in Potosi, is cashier, temporarily suspended payments and closed its doors 00 the 9th inst. to prevent a run on the bank that would SOOD have exhausted its cash. An investigation of the bank's affairs later by the state bank examiners proved its condition perfectly solvent. and it was opened again for business on Tuesday of last week. Mr. J. M. Alexander, of Company D, Twenty-second Illinois Infantry, was shot at Stone River, Tenn., in 1862, being forty-tive years ago, and has been carrying an ounce and a t quarter bullet in his side ever since. It occasionally gave him some pain, SO he decided th have it exactly located, a and he had Dr. Gaines, by means the X-Ray show him where it was and found it imbedded in the liver. e Salem Monitor. S It must afford travelers over the Iron Mountain system no small dee gree of satisfaction to note the work y that is going on in improving the road-bed of this railroad. The work is not being done in spasmodic at tacks, here and there, but seems to i be pretty general and thorough all along the line. New ties are being e placed whereever needed and the y road-bed reballasted. While giving due credit for this improvement we will say it comes none too soon, for g the tracks were in a poor condition as frequent wrecks on the road wen to testify. Newspaper publicity o W this state of affairs has been a large e factor in compelling this improve ment. or The Potosi Telephone Co. has begu be the work of improving its system. b new switch-board, with 200 drops wil is will be installed, which is double th capacity of the board now in use. Th new board will have self-restoring ng drops, which will be a great conven st ience and aid to the central operator of Where the wires concentrate near th central office they will be gathered a a cable, by which all annoyance from ds crossing wires will be overcome. A these improvements are for the bet ge terment of the service. The busines ie of this company has had a stead growth from the time it was first in ed stailed, some live or six years ago, an ek with the addition of the wires grural lines centering here, it becam al imperative to increase the facilitie le for handling the business.


Article from Iron County Register, November 28, 1907

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Article Text

am TO# amn The Louis for the past lederal three weeks. nine trial resulted in a hung jury, for being for acquittal, and three lieve conviction. We certainly beand hope that President was one of the nine. On Friday, November 29th, will entire stock of Christmas Goods our est be on sale. We have thelargand best line of Toys, Fancy Chinaware, Fancy Glassware, PicVisit tures, Etc., we have ever shown. our display while it is yet complete. Low prices a special feature thic year. B. N. BROWN, Ironton, Mo. Miss Clemma Downs of Roselle left here Tuesday for Columbus, Kansas, where she will make prolonged visit to her a brother. Miss Downs has been in health for several months and poor she makes the trip in the hope that the change will prove beneficial. The REGISTER trusts she may return to health. Missouri completely restored to Mrs. H. O'Brien, of Los Angeles, California, recrntly sent to the ladies of St. Paul's Guild a box of Calla Lily bulbs. They were ceedingly large and indicate ex- the perfection attained by that beautiful plant in the congenial clime of the Golden State. The bulbs were divided among the members and the ladies acknowledgment. ask us to make this On Monday a farmer hauled load of stovewood to Aug. a Rieke's, driving a horse and mare, with young colt following. The team a the drove into the yard by a rear gate, colt continuing on the road fronting the premises. When it saw the mother in the yard, it attempted to jump the iron picket fence between, but fell short, and one of the spikes pierced its heart, causing instant death. No. 7, the south-bound fast mail train, stopped at Sabula Monday morning to discharge a party of hunters bound for Black River in Reynolds county. In the party were Conductors Jas. Webb and S. W. Andrews, Messrs. William Webb and Fred. Opp, St. Louis, Jos. Hays, of Indianapols, and Mr. Lawrence, of Illinois. They expect to be in camp a week, and will no doubt have a big time. The Lead Belt Bank in Bonneterre, of which H. D. Evans, wellknown in Potosi, is cashier, temporarily suspended payments and closed its doors on the 9th inst. to prevent a run on the bank that would soon have exhausted its cash. An investigation of the affairs of the bank later by the state bank examiners proved its condition perfectly solvent, and it was opened for business again on Tuesday, 13th.-Potosi Journal. Elsewhere the REGISTER prints a story of Long, the orphan home man, taken from the West Plains Gazette. Reference is made therein to Long losing his temper, saying "dammit," and adding, "you have made me lose my religion." Long made use of just about the same language here in the Valley, on the occasion of his arrest by Constable Marshall, on the charge of mistreating one of the orphan girls. We are very much inclined to the opinion that it isn't much trouble for Long to "lose" his religion on any occasion. The following pupils in room No. 2, Ironton schools, have been neither absent nor tardy the pas month: Roland Hill, Alleda Johnson, Alta Kindell, Velah Pippin, Mary Prince, Marie white, Walter Calvert, Ward Far rar, Albert Schultz, Glen Mc Don ald, Grace Barton, Azalee Bal dwin, Pearl Conway, Orpha Davi Josephyne Francis, Roberta Fran cis, Dela Goff, Bettie Grissom Rosie Grissom, George Loyd Lucille Farrar, Laura Pftzinger Mary walker, Alma Kendal. MABELLE REYBURN, Teacher. County Collector J. N. Lewis de sires us to call the attention of th tax-payers of Iron county to th fact that the state and county taxe for the current year are now du and must be paid before the first the year if you wish to escape in terest and other penalties. The la provides that all taxes become de linquent January 1st and interes is charged at the rate of one pe I cent. a month after thal date. Th collector has no alternative in th 4 premises, and if your taxes are n paid by the date named he