11448. National Park Bank (Livingston, MT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3605
Charter Number
3605
Start Date
March 5, 1933
Location
Livingston, Montana (45.662, -110.561)

Metadata

Model
gpt-5-mini
Short Digest
cb524b79

Response Measures

None

Description

The articles describe the bank being closed due to the national banking holiday and emergency laws in March 1933 and then reopening when banks were permitted to resume. No local run on this specific bank is reported.

Events (2)

1. March 5, 1933 Suspension
Cause
Government Action
Cause Details
Closed as part of the national banking holiday and emergency banking measures proclaimed in early March 1933 to stem the banking crisis.
Newspaper Excerpt
Following National Holiday; New Emergency Laws Govern; Gold is Protected
Source
newspapers
2. March 15, 1933 Reopening
Newspaper Excerpt
Business conditions in Livingston returned to normal yesterday with the opening of the National Park bank following the end of the nation's banking holiday. The only restrictions placed upon banks and their customers are that banks must, under no circumstances pass out gold or gold certificates, nor will depositor be permitted to make heavy withdrawals of currency for hoarding.
Source
newspapers

Newspaper Articles (2)

Article from The Anaconda Standard, April 3, 1898

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Article Text

HELENA'S SPRING ELECTIONS. nomination declared in favor of a busiSpecial Correspondence of the Standard Helena, April 2.-Helena's municipal ness administration, praised Dr. W. L. Steele, the retiring mayor, and besides campaign of 1898 will be remembered as affirming allegiance to the last national one that was prominent for its unusual democratic platform, got in a good word features. The usual city elections here for Cuba, mingled with severe criticism of previously have been on the commonplace the waiting policy of the present national order. The present one leaves that class administration. and takes on features that entitle it to The candidate of the populists for maybe called unique. One of the party canor is John H. Huseby, a member of the fourth legislative assembly. He is a didates for mayor is running without the stone mason by trade, and enjoys the dissupport of some of the prominent memtinction of being the tallest man in Helbers of his party or the assistance of his ent. if not in the state. Fred Sass, a party organ. He is trying to win votes merchant, is candidate for treasurer, on what he claims to have done for the while John Workman, once public adcity in the past as a member of the city ministrator. is aspiring for the office of council, and what he hopes to do in the police magistrate. The populists are runway of lessening the burdens of taxpayers ning on a platform briefly announcing the if elected. He has injected so much of principles of the party. his personality in the campaign that the The republican candidate for mayor is fight appears to be one of person more Frank J. Edwards, a young man who was than of principle. In order to reach the formerly an alderman. He is a native of voters he has each day since the inception Helena. For several years he has been of the campaign issued an organ made up aspiring to be mayor of Helena. In the of fulsome praise of himself, mingled with previous convention. when a nomination an occasional reference to the other canfor mayor was made, his candidacy was didates running upon the same ticket. so strong that he was the leading candiThe campaign appears to be the city of date in a score of ballots, only to be beatHelena against one man, or that man en. When a member of the city council against the other candidates, according to he took an active part in the proceedings the light in which it is viewed. relating to the water contract, and durThere are three tickets in the field, deming the heat of the contest, while engaged ocratic, republican and populist. The in an altercation with a member of the democratic candidate for mayor is Henry council, spat in the latter's face, an act O. Farris, the present alderman from the that nauseated the community. The betfourth ward. Mr. Farris is making his ter element of the party has always recampaign largely upon the history of his sisted his efforts to obtain office. Since achievements in the humbler capacity of his nomination he has been repudiated by a member of the council. added to a genmany republicans, and cast to one side eral interest in the city's weifare. He is by the republican Herald. In order to a business man, and promises a business parade himself before the people he has man's administration. His record in the been issuing a campaign sheet since the city council has been one that cannot be campaign. He is supported by the reinimpugned. He has always been guided by nant of the gambling element, and if by what he considered the city's best interhook or crook he should be elected it is ests. Several measures that saw the light generally believed that he will try to of day during his membership in the make this a "wide open" town. In his council, generally voted wise ones, claim organ Mr. Edwards makes remarkable him as their father. He was nominated claims of what he did as an alderman to by acclamation, promising the convention save the city from expensive contracts if elected to administer the affairs of the with the water company and the electric city economically and without favor. He light company. He says that during his is a former resident of Neihart, where he brief aldermanship he saved Helena $1,has many friends. The nominee for city 000,000, a claim that creates ridicule. mintreasurer is John F. Mercer, for a dozen gled with contempt. He is the candidate years a resident of Helena, who is concedreferred to in the beginning of this as the ed fit for the position in every way. He one who injected his personality into the will be remembered favorably by Livingscampaign. His nomination has made the ton people as the receiver of a suspended campaign anything to beat Edwards. The national bank of that city which fared other republican nominations are: H. we'l at his hands. C. F. Ingraham, until F. Tilton for city treasurer. He is at presrecently a deputy United States marshal ent filling the office: E. S. Walker for pounder William McDermott, is the candilice magistrate, also out for re-election. date for police magistrate. He is a wheel The republican platform makes the ushorse of the democracy, and has plenty of ual claims about economical administrafriends. tion of affairs, refrains from touching naThe convention that placed these men in tional issues, and centers its fire upon the


Article from The Park County News, March 16, 1933

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Article Text

BANKS OPENED WEDNESDAY Following National Holiday; New Emergency Laws Govern; Gold is Protected Business conditions in Livingston returned to normal yesterday with the opening of the National Park bank following the end of the nation's banking holiday. The only restrictions placed upon banks and their customers are that banks must, under no circumstances pass out gold or gold certificates, nor will depositor be permitted to make heavy withdrawals of currency for hoarding. Where depositor desires to draw an unusual amount in cash from his deposit, the restrictions placed upon the banks make it mandatory that the depositor show that the withdrawal is for legitimate expenditures and not for hoarding. Otherwise receipt will be taken, which must be forwarded to the government, which will investi- gate. These restrictions are placed upon the banks to prevent run on any bank by panicky depositors. Normal business practices, full use of checking accounts, and all other banking business is on normal basis. It is significant of the speed that the American government can show when necessary, that only six ordinary banking days were written all the calendar of March by the proclamation of President Roosevelt on the fifth of March. Immediately congress came through with an emergency banking law which permitted federal reserve banks and other banks in federal reserve cities to open Monday this week. Banks in clearing house cities opened Tuesday, and yesterday sound banks in other cities opened, the latter having lost but eight days of banking due to the national holiday. In Montana, however, one day previous to the presidential proclamation was lost due to the state holiday. The principal effect of the holiday on business locally was to create certain shortage of currency in circulation, and to slow up business and reduce business volume considerably. But through it all was manifest spirit of confidence and certainty that the bottom of the depression had been reached. That spirit continues, and shows growing confidence that now business, agriculture, and all activities will start definite and lasting upward trend. In general, the banking crisis was brought about by huge withdrawals of gold in New York and other large cities, endangering the gold backing the federal treasury. The gold standard requires possession of $1 in gold for every $2.50 in currency outstanding. This condition led to, and enabled the federal government to take charge of, the situation which brought about the banking holiday. Literally hundreds of millions in hoarded gold, much of it withdrawn from banks in the past two months, was redeposited in banks last week. Much gold and many gold certificates, which had perhaps never been in banks, came to light and entered the the banks. In Livingston several thousands of dollars in gold and certificates were brought to the bank. Business in Livingston yesterday received rejuvenation and new stimulus which it is confidently expected will continue.