Parker Bank & Trust Company

Bank Information

Episode Type: Run Only
Bank Type: trust company
Start Date: October 7, 1910
Location: Cullman, Alabama (34.175, -86.844)

Metadata

Model: gpt-5-mini
Short Digest: 531e7f23

Response Measures

Accommodated withdrawals

Description

Article (Cullman, October 7) reports a heavy payout for cotton purchases — about $25,000 paid out by Parker Bank & Trust — described as a 'run of this kind.' No suspension, closure, or reopening is mentioned.

Events (1)

1. October 7, 1910 Run

Cause: Local Shock
Cause Details: Large cotton marketing day required heavy cash payouts to farmers/buyers; bank paid out about $25,000 for cotton purchases.
Newspaper Excerpt: Saturday was the only day of the season, so far, that the banks have had a run of this kind. Close to $35,000 was paid out in Cullman alone for cotton last Saturday. Of this amount, $25,000 was paid out by the Parker Bank & Trust company
Source: newspapers

Newspaper Articles (1)

1. October 18, 1910 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, October 18, 1910

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Article Text

CLAIM SCHNEIDER WAS BLOWN 50 FEET COTTON SEED BRINGING $28 AT CULLMAN-COTTON IS FLOODING BUYERS, $35,000 WORTH BEING TAKEN IN SATURDAY Cullman, October 7.(Special.)-William Schneider, the man who was seriously wounded by the premature explosion of dynamite last week has been taken to Birmingham, where he entered the McAdory Infirmary for treatment. It is said that there is a possibility of saving his life, but the eyesight may be gone from both eyes, and he may be crippled otherwise for the remainder of his life. He was accompanied to Birmingham by his brother-in-law, Mr. Hermann Richter. Laborers who were working with Schneider when the explosion took place say that he was directly over the hole, which was loaded with three sticks of dynamite, making an attempt to touch off the charge with a coal of fire. A spark fell into the priming charge of powder and set off the charge. Schneider was blown fully fifty feet from the hole, and it is a miracle how he escaped with his life, as he received full force of the charge. The local plant of the Southern Cotton Oil company, began the season's work this morning. The mill began operation this season earlier than ever before. The Southern Cotton Oil company is paying high prices for seed at this time, ranging from $26 to $28 per ton. Manager Searcy here says that he has already purchased a sufficient quantity of seed to keep the local plant in operation until the fall season closes. Saturday of last week was one of the biggest cotton days ever seen in Cullman. Early in the morning, even before the local buyers had gone to their places of business, wagons were standing waiting for bids on their cotton, while trains of wagons were still coming in. Saturday was the only day of the season, so far, that the banks have had a run of this kind. Close to $35,000 was paid out in Cullman alone for cotton last Saturday. Of this amount, $25,000 was paid out by the Parker Bank & Trust company, and a large bulk of the cotton purchased was by C. A. Stiefelmeyer, one of the biggest merchants and cotton buyers in the state, who bought nearly three hundred bales of the fleecy staple during the day. There were about five hundred bales sold on the streets and brought an average of $70 per bale. The Cullman Baptist assaciation will meet in annual session at Holly Pond, tomorrow and will continue through Thursday. This association is expected to be attended by some of the noted preachers and laymen of the denomination, among which will be Dr. W. B. Crumpton, secretary of the Home. Mission Board, of Montgomery, Frank Willis Barnett, editor of the Alabama Baptist, of Birmingham, Dr. Willingham, of the Foreign Mission Board and others very prominent in the denomination. The regular weekly matinee occurred at ten o'clock this morning in Recorder Robertson's court at the city hall. Elihu Self, charged with various and sundry offenses, was the first to come before the court. He was fined $10 and costs. Other cases, three in number, were continued until the next session of the court.