12696. Guardian State Bank (Alliance, NE)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
June 14, 1930
Location
Alliance, Nebraska (42.102, -102.872)

Metadata

Model
gpt-5-mini
Short Digest
a8da20a2

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Newspapers report small runs on both the Guardian State Bank and Alliance National in Alliance, NE. Banks met all demands, had large cash reserves, and no suspension or closure is mentioned. Duplicate article text appears (different paper dates). Cause is not described as insolvency or correspondent failure but as nervous withdrawals that ceased once banks' strong condition became known, so classified as rumor_or_misinformation (no specific misinformation event described).

Events (1)

1. June 14, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Small, short-lived withdrawals/nervousness that ceased once banks' strong financial condition was apparent; no specific insolvency or correspondent failure cited.
Measures
Maintained large cash reserves; paid depositors in full upon request; assurances from bank president.
Newspaper Excerpt
Guardian experienced small runs the forepart of the week but both banking institutions were prepared for the withdrawals and had large cash reserves ... Depositors were paid in full upon request and the soon ceased when the strong financial condition ... became apparent.
Source
newspapers

Newspaper Articles (2)

Article from The Roanoke Times, June 14, 1930

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Article Text

ONLY TWO NOW IN Withdrawals Were Made on Them But Were Able to Meet All Demands two remaining banks, the Alliance's State and Alliance National Guardian experienced small runs the forepart of the week but both banking institutions were prepared for the withdrawals and had large cash reserves hand the opening Monday mornDepositors were paid in full upon request and the soon ceased when the strong financial condition of the became apparent. Crowds assembled in front of the banks Monday morning but most of them were merely spectators and few actual cash withdrawals were made. For the most part the city went about its usual business with full confidence in the two maining banking institutions. New accounts and increased deposits in both the Guardian State and Alliance National banks far exceeded even on Monday and an upward trend has been noted since the first of the week. Dr. Knight, president of the Alliance National tank, told depositthey would be paid deposits in full but certificates would not be cashed until the date for payment. Depositors in his bank were assured of ample funds to cover their accounts. Christopher Abbott, president of the Guardian State Bank, also assured depositors that their money was available for withdrawal at any time they saw fit. Depositors, however, have sensed the healthy condition of these banks and are placing full confithem. Donald 21, and Macile M. Roberts, 17, both of were married at the court house last evening by Judge Ira Tash. The young couple will make their home near Hemingford. Game be Played Against to Colorado Outstanding Football Team University of Nebraska has acceptto play football ed an invitation December 5th against in Denver game Colorado team for the outstanding unemployed of the the benefit of the Three Colorado teams are two states. honor of being the outvying for the Colorado football aggregation standing which will be Nebraska's opponent that date. John Selleck, athletic department Nebraska arrived in Denmanager of morning to complete arver Tuesday the He will conangements for of the three fer with schools the opponent winner of the Colorado will the state championship. "We are glad of the opportunity in Denver as the to game and Colorado have states of Nebraska Selleck said. He much told of the desirability of matching the two teams for regular scheduled in 1933 1934 but the Cornhuskplay or squad is signed up to play several Ten conference teams next year and will not have any available open in 1932. The Cornhuskers accepted the game after an invitation had been received by Gov. Charles Bryan of Nebraska from Governor Adams of Colorado has been suggested that the selection of Nebraska's be left to the opponnt Rocky Mountain conference in order avoid any discrimination. The will be game match and many local people will probably take advantage of this big game being played so close to home and will witness the contest. Melvin K. Davidson, 21 and fne Vaughn, 17, both of Oshkosh, obtained license to wed from CounJudge Ira E. Tash last evening. The couple were married here and will their home in Oshkosh.


Article from Bristol Herald, December 19, 1930

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Article Text

ONLY TWO NOW IN Withdrawals Were Made on Them But Were Able to Meet All Demands two remaining banks, the Alliance's State and Alliance National Guardian experienced small runs the forepart of the week but both banking institutions were prepared for the withdrawals and had large cash reserves hand the opening Monday mornDepositors were paid in full upon request and the soon ceased when the strong financial condition of the became apparent. Crowds assembled in front of the banks Monday morning but most of them were merely spectators and few actual cash withdrawals were made. For the most part the city went about its usual business with full confidence in the two maining banking institutions. New accounts and increased deposits in both the Guardian State and Alliance National banks far exceeded even on Monday and an upward trend has been noted since the first of the week. Dr. Knight, president of the Alliance National tank, told depositthey would be paid deposits in full but certificates would not be cashed until the date for payment. Depositors in his bank were assured of ample funds to cover their accounts. Christopher Abbott, president of the Guardian State Bank, also assured depositors that their money was available for withdrawal at any time they saw fit. Depositors, however, have sensed the healthy condition of these banks and are placing full confithem. Donald 21, and Macile M. Roberts, 17, both of were married at the court house last evening by Judge Ira Tash. The young couple will make their home near Hemingford. Game be Played Against to Colorado Outstanding Football Team University of Nebraska has acceptto play football ed an invitation December 5th against in Denver game Colorado team for the outstanding unemployed of the the benefit of the Three Colorado teams are two states. honor of being the outvying for the Colorado football aggregation standing which will be Nebraska's opponent that date. John Selleck, athletic department Nebraska arrived in Denmanager of morning to complete arver Tuesday the He will conangements for of the three fer with schools the opponent winner of the Colorado will the state championship. "We are glad of the opportunity in Denver as the to game and Colorado have states of Nebraska Selleck said. He much told of the desirability of matching the two teams for regular scheduled in 1933 1934 but the Cornhuskplay or squad is signed up to play several Ten conference teams next year and will not have any available open in 1932. The Cornhuskers accepted the game after an invitation had been received by Gov. Charles Bryan of Nebraska from Governor Adams of Colorado has been suggested that the selection of Nebraska's be left to the opponnt Rocky Mountain conference in order avoid any discrimination. The will be game match and many local people will probably take advantage of this big game being played so close to home and will witness the contest. Melvin K. Davidson, 21 and fne Vaughn, 17, both of Oshkosh, obtained license to wed from CounJudge Ira E. Tash last evening. The couple were married here and will their home in Oshkosh.