First National Bank (Wood River, IL)

View Charter #11876 on SPMC View balance sheet

Episode Information

Episode UID
1187601483
Episode Type
Run Only
Bank Type
national
Bank ID
118760 national
Charter Number
11876
Start Date
July 24, 1923
Location
Wood River, Illinois (38.861, -90.098)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5fc3df398025eb81

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions

Events (2)
1. November 19, 1920 Chartered
Source
historical_nic
2. July 24, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
A fisherman refused a loan circulated a false rumor that 'there was no money in the bank,' prompting depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
false rumor circulated that there was no money in the bank
Measures
Local banks advanced sufficient currency to tide over the emergency.
Newspaper Excerpt
Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that there was no money in the bank.
Source
newspapers

Newspaper Articles (10)
1. July 25, 1923 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, July 25, 1923

Click image to open full size in new tab

Article Text

FISHERMAN WHO CAUSED RUN ON BANK ARRESTED (By Associated Press.) Alton, Ill., July 24.—William Lamkin, a fisherman, was arrested tonight on a charge of causing a run on the First National Bank of Wood River, Illinois, near here today. Fred Crandall, president of the bank, said, Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened this morning, a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency and President Crandall said the bank was not seriously affected by the run. Crandall added that Lamkin will be prosecuted under a state law which provides penalties for persons threatening financial institutions through false rumors.

2. July 25, 1923 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, July 25, 1923

Click image to open full size in new tab

Article Text

MAN REFUSED LOAN STARTS RUN ON BANK Alton, Ill., July 24.—William Lamkin, a fisherman, was arrested tonight on charge of causing a run on the First National Bank of Wood River, Ill., near here, today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened this morning, a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency and President Crandall said the bank was not seriously affected by the run.

3. July 25, 1923 Star Tribune Minneapolis, MN
Article from Star Tribune, July 25, 1923

Click image to open full size in new tab

Article Text

Fisherman Jailed for Causing Run on Illinois Bank Man Refused Loan Circulates Rumor Institution Was Without Funds. Alton, Ill., July 24.—William Lamkin, a fisherman, was arrested tonight on a charge of causing a run on the First National Bank of Wood River, Ill., near here today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened this morning a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency and President Crandall said the bank was not seriously affected by the run. Crandall added that Lamkin will be prosecuted under a state law which provides penalties for persons threatening financial institutions through false rumors.

4. July 25, 1923 Joplin Globe Joplin, MO
Article from Joplin Globe, July 25, 1923

Click image to open full size in new tab

Article Text

Alton, Ill., July 24.—William Lamkin, a fisherman, was arrested tonight on a charge of causing a run on the First National bank of Woodriver, Ill., near here today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened this morning, a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency, and president Crandall said the bank was not seriously affected by the run. Crandall added that Lamkin will be prosecuted under a state law, which provides penalties for persons threatening financial institutions through false rumors.

5. July 25, 1923 Argus-Leader Sioux Falls, SD
Article from Argus-Leader, July 25, 1923

Click image to open full size in new tab

Article Text

HARDING BUSY ON ADDRESSES President Preparing for Speaking Tour Along Pacific Coast Cities in Few Days On U. S. S. Henderson With President Harding, July 25.—Speech composition for Mr. Harding and resting for Mrs. Harding comprised the principal business of life aboard the navy transport Henderson today as she crept forward through the inside coast of British Columbia toward Vancouver, B. C., where the president is to receive the greetings of Canada tomorrow. First in the president's thought at this time is an address at Seattle, the first point he will touch after reaching the states, in which he is expected to give some of the conclusions reached by him on the first visit by a chief executive of the United States to the northern most member of the nation. ARRESTED FOR BANK RUN Alton, Ill., July 25.—William Lamkin, a fisherman, was arrested last night on charge of causing a run on the First National bank of Wood River, Ill., near here today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank."

6. July 25, 1923 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, July 25, 1923

Click image to open full size in new tab

Article Text

STARTED RUN ON BANK. Fisherman Held for Circulating False Rumors Concerning Condition of Wood River, Ill., Institution. ALTON, Ill., July 25.—William Lamkin, a fisherman, was arrested last night on a charge of causing a run on the First National Bank of Wood River, Ill., near here, yesterday. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened yesterday morning, a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency, and President Crandall said the bank was not seriously affected by the run. Crandall added that Lamkin will be prosecuted under a state law which provides penalties for persons threatening financial institutions through false rumors. J. S. Devine, son-in-law of Lamkin, and E. Leclaire also were arrested on a charge of starting a false rumor that the bank was insolvent. All of the men were later released.

7. July 25, 1923 St. Joseph Gazette St. Joseph, MO
Article from St. Joseph Gazette, July 25, 1923

Click image to open full size in new tab

Article Text

POLICE NAB FISHERMAN CHARGED WITH CAUSING RUN ON BANK IN ILLINOIS President of Concern Will Prosecute, He Says Alton, Ill., July 24.—William Lamkin, a fisherman, was arrested tonight on a charge of causing a run on the First National bank of Wood River, Ill., near here today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened this morning, a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency, and President Crandall said the bank was not seriously affected by the run. Crandall added that Lamkin will be prosecuted under a state law which provides penalties for persons threatening financial institutions through false rumors.

8. July 25, 1923 The Kansas City Times Kansas City, MO
Article from The Kansas City Times, July 25, 1923

Click image to open full size in new tab

Article Text

STARTS RUN ON A BANK. Illinois Fisherman, Refused a Loan, "Gets Even," but Is Arrested. ALTON, ILL., July 24.—William Lamkin, a fisherman, was arrested tonight on a charge of causing a run on the First National Bank of Wood River, Ill., near here, today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and, when it was refused, he circulated a rumor that "there was no money in the bank." A Booze Car Sells for $245. A Ford car, confiscated in a liquor raid, was sold by J. E. Smith, Wyandotte County undersheriff, yesterday for $245. The car was bought by Henry Smyth, Kansas City, Kas., detective. The money from the sale of a confiscated car goes to the school fund.

9. July 25, 1923 The Hutchinson News Hutchinson, KS
Article from The Hutchinson News, July 25, 1923

Click image to open full size in new tab

Article Text

STARTS RUN ON A BANK. Illinois Fisherman, Refused a Loan, "Gets Even," But Is Arrested. Alton, Ill., July 25.—William Lamkin, a fisherman, was arrested last night on a charge of causing a run on the First National Bank of Wood River, Ill., near here, today. Fred Crandall, president of the bank, said Lamkin negotiated with the institution for a loan and, when it was refused, he circulated a rumor that "there was no money in the bank." When the bank opened this morning a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street, the depositors stood in the glaring sun and several women fainted. Several hundred depositors withdrew their accounts. Local banks advanced sufficient currency to tide over the emergency, and President Crandall said the bank was not seriously affected by the run. Crandall added that Lamkin will be prosecuted under a state law which provides penalties for persons threatening financial institutions through false rumors.

10. July 25, 1923 Herald and Review Decatur, IL
Article from Herald and Review, July 25, 1923

Click image to open full size in new tab

Article Text

Arrest Man Who Caused Run on Bank Wood River Man Is Refused Loan and Circulates Rumor of No Money (By Associated Press.) ALTON, July 24.—William Lamkin, a fisherman, was arrested tonight on a charge of causing a run on the First National bank of Wood River, Ill., near here today. Fred Crandall, president of the bank said Lamkin negotiated with the institution for a loan and when it was refused he circulated a rumor that "there was no money in the bank." When the bank opened this morning, a crowd of depositors were gathered at the door and clamored for their money. Forming a line from the bank into the street the depositors stood in the glaring sun during the day and several women fainted. Several hundred depositors withdrew their accounts.