Tradesmens National Bank (Oklahoma City, OK)

View Charter #11628 on SPMC View balance sheet

Episode Information

Episode UID
1162801599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
116280 national
Charter Number
11628
Start Date
March 2, 1933
Location
Oklahoma City, Oklahoma

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bc46d9cf3c008b5a

Response Measures

None

Description

State-wide three-day bank moratorium declared by Governor Murray applied to all Oklahoma banks.

Events (3)
1. March 5, 1920 Chartered
Source
historical_nic
2. March 2, 1933 Suspension
Cause
Government Action
Cause Details
Governor W. H. Murray proclaimed a mandatory three-day bank moratorium for Oklahoma to allow legislation and stabilize banks.
Newspaper Excerpt
the three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory.
Source
newspapers
3. * Reopening
Newspaper Excerpt
regulations were prepared reopening Oklahoma banks Friday, unless the national holiday extended.
Source
newspapers

Newspaper Articles (5)
1. March 2, 1933 Las Vegas Daily Optic East Las Vegas, NM
Article from Las Vegas Daily Optic, March 2, 1933

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Article Text

SEVENTEEN STATES CHECK RUNS ON BANK Seven More Join Movement to Restrict Withdrawals of Deposited Moneys THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS Situation Easing in Some States as Legislatures Planned Curb Laws Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)

2. March 2, 1933 The Altus Times-Democrat Altus, OK
Article from The Altus Times-Democrat, March 2, 1933

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Article Text

On! Carry (Editorial) first started callgeneral bank suspension queer conbank ception the situation. Bank emtaking few days ployes might vacation bank executives are hard getting affairs in working again sounder shape open condition than ever. The whole depositors, regardwhat anyone might tell you about to the bank There nothing unduly excited moratorium not to lead about. We do that think anyone to believe attitude will help matpollyanna On the other hand the perwho takes advantage of the situation spread pessimism and out of town should run confident the whole matter are work without ultimate loss any local depositors. The people of this community are face to face with an emergency due economic circumstances over which they have control The Altus banks perfectly solvent and would have been able to have continued operations. The closing order made by the governor because conditions larger centers the and nancial Banks Oklahoma City, and larger cities the helpless because of the state shortage of cash and exchange the The New throughout York banks, with their usual squirselfishness, have sucked into York 74 cent of keeping it tion's cash and their refusing to use extend credit The result national financial impasse, which going better the Conjust the United States decides of country not being benefit of New York banks The local banks are absolutely conditions that They have acted developed. and to act in the inof all depositors, regardless of terest moratoriums, holidays whatnot. Altus banks should commended their stringent operating poliof the past three years which puts them in excelient posttion to meet this unusual the meantime Altus and Jackmust on The best county carry army fights most valiantly This no time dangerous or talking about spilled weeping milk. The people this must eat, must work, must We know that fundamentally this an honest only our people and integrity institutions but also have our confidence in mutual ability co-operatively the problem difficult emergency Those of face squarely the fresh obstacincident to outside. not local bank troubles and carry on possible initiative and determination quite likely to ride out are storm come through Confidence not cowardice, will Let's carry on regardless!

3. March 2, 1933 The Hobart Democrat-Chief Hobart, OK
Article from The Hobart Democrat-Chief, March 2, 1933

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Article Text

Lone Wolf Open But Just 'Changing'; Others Closed CITY. Mar. Extension of Oklahoma's bank day until Wednesday was recommended today by Bank Commiss sioner J. Barnett as the state government placed legislative and executive protection over the 453 Oklahoma banks and their depositors. The first flurry of excitement over, following Gov. W. H. Murray's three-day bank moratorium proclamation, state officials pared new stabilizing bill. Assurance of safety both banks and depositors was the keynote of the situation in Oklahoma. The unusual spectacle of such great confidennce is local banks that the institutions remained open today in the face of heavy demands occasioned by the state wide holiday was enacted at Idabel, Durant, Enid, Valliant and Alva. Bankers in these communities declared their situations so sound they saw no need of inconveniencing depositors. The redrafted bill authorizing the bank commissioner to banks under a plan of restricwithdrawals was being drawn up. The senate was prepared to suspend all other and send bill through its first stage. Preparing for immediate action, Speaker Tom Anglin called the house into session this morning without waiting for the scheduled m. meeting time. The bank holiday was declared, Murray explained, to give the islature time to enact lieve the proposed bill the bank commissioner sweeping power delay payment of deposits all banks, trust companies, savings banks and segregate deposits from old deposits, with no restriction on the new deposits. The bank virtual dictator over financial stitutions with emergency author needed rules and ity to adopt any daily reports. require SIXTEEN STATES HOLIDAYS TODAY BANK to restrict with. The movement of bank deposits spread drawals rapidly through the south and west last night and today states operated under decrees for bank holidays. CaliforMississippi, Oklahoma, nia, Arizona, Nevada and Oregon ordered brief bank holidays to give time for legislatures to draw withdrawals legislation limiting deposits. Louisiana went farther by orderholiday for all iness. The New Orleans cotton cotton market change, largest was closed. the country, Executives announcing the new holidays for forcing the other states restructions by placing tension of banks which unusual strain on an to continue business sought mally. ONE BANK IN ONLY STAYS OPEN COUNTY The First National bank at Lone Wolf was the only banking tution in Kiowa county which mained open today, and was just "making change," according made by the Demosurvey Banks here, at Mountain Cooperton, Mountain View and Snyder were all closed, was the one at Rocky. OREGON TOO Ore., Mar. Governor Meier today declared three-day legal holiday state Oregon starting continuing through

4. March 5, 1933 The Los Angeles Times Los Angeles, CA
Article from The Los Angeles Times, March 5, 1933

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Article Text

PRINTING OF SCRIP MONEY BEGUN FOR BANK OPENING Clearinghouse Takes Necessary Steps; Immediate Urged to Keep Business Moving Sometime late tonight Los Angeles printing presses will completed the initial allotment of the new scrip for Los Angeles area when the banks open again for Since noon the work out the scrip has been forward especially to turn out gotiable paper. Adequate armed has been provided and +crews from the various banks are checking the Murray Again While all the machinery has been in motion to place this city Clamps lead currency, the date when the scrip will placed in here OKLAHOMA CITY, March still uncertain. The For the second time, Gov. William the banking holiday Gov. Rolph Murray today clamped military until Thursday, that shutdown the vast Oklahoma bank doors will not swing open unCity oil field pending enactment til that time new by the Legislature control proration of petroleum pro- IMMEDIATE ACTION URGED duction. Inability the to agree on terms The executive order charged the the emergency legislation and Sinclair interests with opening sire to conform with wells, the proration ables setting example which tional measures are initiated other producers followed. responsible for the delay, according Sacramento reports. But CONDITION UNCHANGED reported that the New York FOR SENATOR HOWELL and cities other States are ready issue tomorrow gardless the legal technicalities March differences in banking opinion. The condition Senator Robert There was some here, Nebraska, ill with although lacking official confirmadescribed tion, pressure to induce the Los changed today at Walter Reed HosAngeles banks to begin the pital. He was said to be still irrespective absence in Sacramento of legal authority practice. paralyzed state trade demands was pointed out, slashing red tape and adoption tactics. After several days nights almost continuous work, the executive committee of the Los Angeles Clearinghouse Association formally authorized yesterday the issuance scrip, after which the printing presses started. framed temporary rules of procedure govern the though this work was complicated multiplicity of internal and technical OBJECTIONS The task of obtaining the proper from the member banks for the presented problem which not expected reach until today. Various legal objections were raised the banks, some the points relating the form guaranty on the the scrip and others to the nature collateral for deposit with the clearinghouse Despite this anticipated the final draft of the contract the banks and the will be signed The plans of the Los Angeles are for supplies of scrip for other Southern California on the pledge of proper Cities with their own expected to issue their currency. Until State and national legislation framed passed, merous with payments contracts and chases other cities and othparts the country will remain unsettled. There have been rulings points from any recognized authorities. The status of deliberations by the Angeles committee was outlined by the (Continued Column

5. March 9, 1933 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, March 9, 1933

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Article Text

Philadelphia And Los Angeles Go Ahead With Plans For Issuance Of Scrip Friday Philadelphia, March Holding the Treasury Department's plans expansion discurrency tinct from the local situation, Philadelphia banks today went ahead with arrangements for the issuance of script. The Clearing House Association again held sessions, ironing details of its to $51,program worth certificates Friday. Delivery from the printers pected Leading banks opened "guardedemergency checks not exceeding accept deposits and to make change. given must need for funds before any would be out. know, the idea will not Philadelphia, George Norris, ernor Federal Reserve Bank. authorized ment obviate the regulation, and we are going ahead accordingly. plan here is to put the scrip and not means effecting balance banks." Los Angeles, March Plans issuing scrip in Angeles late today by the Executive Committee the Los Angeles Clearing House committee said it was acting instructions received from the Federal Bank of this trict and scrip would be issued by Friday "unless the Secretary the Treasury the instructions unless the President's proclamation of the national holiday extended." Nearly $50,000,000 has been printand ready for use. Oklahoma City, Okla., March financial paraleased today additional issues opening of several banks under Federal holiday strictions enactment of new banking William H. Murray signed the bill late today, placing power to the hands the State Bank the Governor, and carrying heavy for Barnett, Bank Commission- said regulations were prepared reopening Oklahoma banks Friday, unless the national holiday extended. Nashville, Tenn., March city swelled day with flood of new Almost without exception, merchants accepted face value fast long lines or men women turned away from tellers' windows their salary checks converted into the money, merchants started receive The system appeared satisfacbenefitted to the extent least $1,000,000 scrip estimated to be errculation Officials of the Memphis ClearHouse reached decision relative issuing scrip further from Washington. St. Paul, Minn. March in permitted scrip basis under order signed tonight by John Peyton, State Commissioner Peyton granted permission to the checks denominations of $5, $10 and $20. Such cashiers' checks must limited actual hand balance due each correspondent banks. Peyton under powers conferred upon him by one three special measures passed the Legislature Monday. New York, March Herbert Lehman ernor nounced tonight that the Treasury Department prohibited the of scrip the suance Certificate Corporation, set up last night by the Legislature. Without further the Governor handed out the following statement tonight: receipt of the following official the Treasury "Secretary of Treasury hereby certificates the Corporation of State York, organized provide adequately cured temporary medium change. of revocation is exercised regulations issued March by Sec- retary under authority conferred upon him by President's tion March The Governor refused to say in what status left Emergency Corporation, of which Alfred Smith was named Chairman Aside from issuance of scrip, the Emergency Corporation further purpose cooperating in any way during the banking any state or national banking undertaking. this purpose was indicated the Corporation would continue in existence. Wilmington, Del., March the Wilmington Clearing tonight they planned begin the issuance of scrip Friday Saturday. Chicago, March bankers held activities virtually standstill today view abandonment idea by the national administration. Although states and communities planning ahead with issuance scrip on the ground that had not been hibited definitely, bankers here took the position best await further instructions from Washington. Larger banks confined their activities financing food and feed shipments, making change for banking customers members the Federal Reserve System, keeping safe deposit boxes open clearing up transactions. None accepted deposits. The Clearing House Association had spent to scrip printed. prepared issue this on short Woodin, of the Treasury, Most Chicago bankers agreed with Woodin that scrip not present. They said there cash in Chicago meet current needs. Typical came from M. Stevens, the Federal Reserve Bank Chicago. "That's fine," he said, when he learned the statement. solves many of our problems and the brought by many where clearing house exists. Neither the Chicago New York banks wanted although they were preparing issue necessary.