First National Bank (Wood River, IL)

Episode Information

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

Metadata

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 (William Lamkin) circulated a false rumor after being refused a loan that the bank had no money, triggering depositors to withdraw funds.
Random Run
Yes
Random Run Snippet
fisherman circulated false rumor no money in the bank after loan refusal
Measures
Local banks advanced currency to tide over the emergency; bank president said it was not seriously affected.
Newspaper Excerpt
he circulated a rumor that there was no money in the bank.
Source
newspapers

Newspaper Articles (10)

Article from The Albert Lea Tribune, July 25, 1923

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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.


Article from Grand Forks Herald, July 25, 1923

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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.


Article from Star Tribune, July 25, 1923

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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.


Article from Joplin Globe, July 25, 1923

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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.


Article from The Springfield News-Leader, July 25, 1923

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Article Text

FISHERMAN'S GOSSIP CAUSES RUN ON BANK

Depositors Demand Money When False Rumor Is Circulated by Man Refused Loan, President Says.

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 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 institution through false rumors.


Article from St. Joseph Gazette, July 25, 1923

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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.


Article from The Kansas City Times, July 25, 1923

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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.


Article from The Hutchinson News, July 25, 1923

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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.


Article from Herald and Review, July 25, 1923

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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.


Article from Bristow Daily Record, July 27, 1923

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Article Text

STARTS RUN ON A BANK.

Illinois Fisherman, Refused a Loan, "Gets Even" But Is Arrested.

ALTON, Ill., July 26.—William Lambert, 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."