17842. Citizens Bank (Yellow Springs, OH)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: private
Start Date: July 13, 1905
Location: Yellow Springs, Ohio (39.806, -83.887)

Metadata

Model: gpt-5-mini
Short Digest: b432b34e

Response Measures

Full suspension

Other: Reorganization into a national bank after receivership; receivers appointed.

Description

Bank failed to open July 13–14, 1905 after sustained withdrawals; receivers appointed July 23 and plan was to reorganize as a national bank and reopen. No specific misinformation event is described, so the run is not classified as a 'random' misinformation run.

Events (4)

1. July 13, 1905 Run

Cause Details: Sustained heavy withdrawals over the prior two months leading to inability to meet demands; no specific rumor or scandal identified in articles.
Measures: None reported prior to closure; notice posted on door stating bank closed and would try to relieve depositors.
Newspaper Excerpt: Bank closed. Cause, withdrawal of deposits during the last two months. Could not turn fast enough to meet it longer.
Source: newspapers

2. July 14, 1905 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended payments/failed to open because it could not turn fast enough to meet withdrawal demands; private bank with owners absent.
Newspaper Excerpt: The Citizens' Bank of Yellow Springs... failed to open its doors Thursday morning.
Source: newspapers

3. July 23, 1905 Receivership

Newspaper Excerpt: Howard Applegate and George H. Drake were appointed receivers of the Citizens' Bank of Yellow Springs today. Their joint bond was fixed at $25,000. (July 23, 1905). SUSPENDED BANK TO REOPEN. Citizens' of Yellow Springs, Ohio, to Reorganize as a National.
Source: newspapers

4. July 23, 1905 Reopening

Newspaper Excerpt: It is expected that the bank will open for business in a few days, and that all of the depositors will get their money. ... Out of the private bank a national one will be organized. (July 23, 1905).
Source: newspapers

Newspaper Articles (11)

1. July 13, 1905 Evening Star Washington, DC

Article from Evening Star, July 13, 1905

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BANK FAILED TO OPEN. Private Institution Unable to Meet Demands. SPRINGFIELD, Ohio, July 13.-The Citizens' Bank of Yellow Springs, a private institution, failed to open its doors this morning. There had not been the slightest intimation that the bank was in trouble until after banking hours this morning, when the following notice was found on the door: "Bank closed. Cause, withdrawal of deposits during the last two months. Could not turn fast enough to meet It longer. Will do our best to relleve depositors." The bank was securely locked, and S. S. Puckett, the cashier, could not be located. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $25,000 and $30,000. It has always been regarded as a safe Institution. Its president, J. F. Stewart: S. S. Puckett, the cashier, and the latter's brother, L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits of the village. Business has practically been suspended in the town, and there is great excitement. It is thought that the notice was put up last night.

2. July 14, 1905 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, July 14, 1905

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Country Bank Closes. Springfield, O., July 13.-The Citizens Bank of Yellow Springs, a private institution, failed to open its doors this There had not been the morning. slightest intimation that the bank was in trouble until after banking hours this morning. The bank was a private institution and in the absence of any statement it is thought to owe depositors between $25,000 and $30,000. It had on deposit the village and school board funds, practically all the lodge and church money and nearly all the individual deBusiness has posits of the village. practically been suspended in the town and there is much excitement.

3. July 14, 1905 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, July 14, 1905

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Illinois Bank Goes to Wall, Springfild, O., July 13.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors this morning. There had not been the slightest intimation that the bank was in trouble until after bank ing hours this morning. The bank was a private institution and in the absence of any statement is thought to owe depositors between $25,000 and $30,000. It had on deposit the village and school board funds, practically all the lodge and church money and nearly all the individual deposits of the village. Business has practically been suspended in the town, and there is much excitement.

4. July 15, 1905 Gainesville Daily Sun Gainesville, FL

Article from Gainesville Daily Sun, July 15, 1905

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Illinois Bank Goes to Wall. Springfield, O., July 14.-The zens' bank of Yellow Springs, private institution, failed to open 118 doors this morning. There had not been the slightest intimation that the bank was in trouble until after bank ing hours this morning. The bank was a private institution and in the absence of any statement is thought to owe depositors between $25,000 and $30,000. It had on deposit the village and school board funds. prac tically all the lodge and church money and nearly all the individual deposits of the village. Business has prace tically been suspended in the town, and there is much excitement

5. July 19, 1905 The Fulton County News McConnellsburg, PA

Article from The Fulton County News, July 19, 1905

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NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic: It is said that the reason for Mayor Dunne's refusal to give out the report of the Scotch expert, Dalrymple, on the traction system of Chicago is due to the for "tainted money" for the Chicago without gloves. Another report confining itself to the traction problem has been asked for. Hitched to a plow by a rope, with the pastor holding the handles and Rev. L. K. Billingsley, of Wesley Methodist Church, steadying the beam, members of the First Methodist Episcopal Church, in Des Moines, broke ground for their new building. John Barrenberg was shot dead on the State rifle range at Sea Girt, N. J., Saturday afternoon. He ventured out of the rifle pit when there was some skirmish firing going on and a stray bullet struck him. Prof. A. N. Fox. who recently telegraphed to John D. Rockefeller begging for "tained money" for the Chicago Theological Seminary, has been dismissed from the faculty of that institution. Mrs. Janet Wilson, who fled from the Hudson River State Hospital and came to Bridgeport, Ct., with Walter Langdon, shot herself at the Washington Bridge Tavern and will probably die. Albert Nuley, of Fishers Landing, N. Y., brutally assaulted Mrs. Fanny Harners and her daughter, who caught him burglarizing their home in Clayton, N.Y. Dr. Charles A. Linsley, secretary of the Connecticut Board of Health, recommends isolation of the nurses and patients in cases of cerebro-spinal meningitis, Superintendent of Insurance Hendricks, of New York, gave out an answer to the criticisms of his official acts in connection with the Equitable investigation. The condition of Senator William A. Clark, of Montana, who underwent an operation for an abscess in the middle ear. was pronounced very satisfactory. The police of Brooklyn promise sensational developments in the case of Fredcrick C. Carlton, who is being held on the charge of poisoning his wife The unsecured claims against the estate of defaulting Banker Bigelow, amounting to nearly $2,000,000, will get only 10 cents on the dollar. The United States training ship Hartfort arrived at Newport, R. I., from with a detachment L. Gardiners Bay, of naval cadets. In Chicago a verdict of not guilty was announced by Judge A. H. Chetlain, of the Superior Court, in the case of President Albert A. G. Wheeler, of the Illinois Tunnel Company, and several former municipal officers on trial for alleged alteration of public records. The jury in the case was discharged. Twelve new directors of the Equitable Life Assurance Society were elected. Among them are former Judge D. Cody Herrick; President Butler, of Columbia University, and Congressman Littlefield, of Maine. Walter Scott, the gold miner of Death Valley, caused a sensation in the financial district of New York, his automobile hansom being followed by crowds that yelled to him to toss out his gold. Richard Wareham, the oldest member of the Knights of Pythias, died at Rock Island, III., aged 70 years. A New York man went to sleep on the roof of a house and fell five stories. He was fatally injured. Three persons were killed and seven injured in a collision between two railroad trains at Steiger, Ill. Near Braintree, Mass., a Pole murdered his wife by nearly severing her head from her body. Several men in New York became insane from the heat. One man who was overcome fell from a roof and fractured his skull. Heat and humidity are responsible for an epidemic of suicides in Utica, N. Y. Mabel Thurston, aged 16 years, was killed by lightning and Mrs. Martin Noan paralyzed during a storm in Williamsport, Pa. The Citizens' Bank of Yellow Springs, O., suspended payment and all business in the village was brought to a standstill. President Roosevelt has declined the invitation of the commonwealth governr ment of Australia to Miss Roosevelt. After a number of attempts at suicide P Pauline Muff. of Brooklyn, finally sucto ceeded by drinking carbolic acid. Herman Bartels died in Bay City, Mich., from lockjaw, the result of a Fourth of July accident. J. J. Jusserand, the French ambassador, and Mrs. Jusserand sailed from New P York for Havre. O In various towns of Wisconsin Indian girls are being employed as domestic servants. P Gen. Horace Porter returned to New York on the steamer Deutschland.

6. July 19, 1905 New Ulm Review New Ulm, MN

Article from New Ulm Review, July 19, 1905

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OHIO BANK FAILS. Action Causes Great Excitement as Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S. S. Puckett. the cashier, and the latter's wife, Mrs. L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.

7. July 20, 1905 River Falls Journal River Falls, WI

Article from River Falls Journal, July 20, 1905

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is said, was entirely successful. Three men were killed and two probably fatally injured in a freight wreck on the Iowa Central railroad, near Richland, Ia. Health Commissioner Darlington of New York has been given permission to establish an immense sanitarium for the treatment of consumptive patients. Paul Jones' body will reach Annapolis July 22 and will be met by Admiral Evans' fleet and a French warship. A new theatrical combine composed of Belasco, the Shuberts and Mrs. Fiske will oppose the syndicate with 15 companies and a circuit of playhouses. The teamsters' strike has SO taxed the finances of the city of Chicago that the deficit at the end of the year may reach $1,500,000. The whist experts of the American association elected J. Eberhard Faber of New York as president for the ensuing year. Chairman Shontz of the Panama canal commission, after an interview with President Roosevelt at Sagamore Hill, said that hereafter the public would be kept fully informed regarding health conditions on the isthmus, which he declared had been grossly exaggerated. A Chicago fraternal order of Jews offered financial aid for nationalizing of Israelites. Otto Siedel, Jr., whose confession caused 104 indictments for boodling in Milwaukee, was arrested on a charge of stealing county furniture. The receiver of the defunct Central national bank of Boston has sued the former directors for $500,000 which he says was stolen from the stockholders. Secretary Root is confronted with world problems in the orient, Morocco, Venezuela and Domingo. He will extend and expand the policy of the late Secretary Hay. A strenuous tenure of office is promised. Two hundred and fifty New York policemen were called to quell a riot started by the arrest of a colored man. Many persons were seriously injured during the fighting. Two persons were killed and many injured in an Eastern Illinois wreck at Steger, Ill., caused by an open switch. Coroner Siegelstein's inquiry into the fatal wreck of the Twentieth Century limited train at Mentor, O., closed without locating the blame. Weekly trade reviews report satisfactory progress, the absorption of supplies in the interior being liberal, while collections are good. Lightning struck the new "Old South Church," in Boston, causing demage $2.000 The Citizens' bank of Yellow Springs, O., a private institution, failed. No definite statement has been made by any official as to the liabilities, but citizens of the village in a position to know say that the bank is indebted to depositors *000'09$ JO $40.00 JO amount the 07 It is understood Walter Reeves, of Streator, Ill., will be appointed by the proper court as the receiver of the Illinois creditors of C. J. Devlin. The pay roll of the miners in Illinois was taken care of by Chicago banks. P. C. Renfrow and Thurston Plowman were killed at Cogar, Oklahoma, in a quarrel that is said to have arisen over school matters. e that anthority poor uo stated si 7I German-Swedish alliance is seriously contemplated. The question, it is said, was discussed at conferences between Emperor William and King Oscar on board the imperial yacht Hohenzollern, at Gefla, Sweden. President Roosevelt has declined the invitation extended by the commonwealth government at Melbourne to Miss Alice Roosevelt to visit Australia. One person was killed and 14 injured, two probably fatally, by a tornado which swept a portion of the Rosebud reservation in South Dakota. A contribution to the United States treasury conscience fund just received carries the total amount beyond the $400,000 mark. The conscience fund TI81 up etablished was Heat was the cause of 19 deaths in New York city, making a total of 60 since the hot wave started. Testimony given before Superintendent of Insurance Hendricks, of New York, showed that Equitable officers swore away taxes for years. Mrs. Richard Yates, wife of the exgovernor of Illinois, was robbed of jewels valued at $3,000. John D. Rockefeller, alarmed by attacks recently made on his methods, has become fearful for his personal safety and increased his bodyguard at his residence in Cleveland, O. Federal officials in Chicago are planning an early trial for the packers indicted for violation of the Sherman anti-trust law. The report that Secretary Wilson of the department of agriculture will resign on account of the cotton leak scandal is utterly discredited. Chairman Morton says Depew has not resigned as an Equitable director, contradicting the senator. Walter Scott, the mining Croesus of Death Valley, who left Los Angeles on a special train, arrived in Chicago 41 minutes ahead of schedule, having covered the distance of 2,265 miles in

8. July 21, 1905 The Worthington Advance Worthington, MN

Article from The Worthington Advance, July 21, 1905

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OHIO BANK FAILS. Action Causes Great Excitement as Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S.S. Puckett, the cashier, and the latter's wife, Mrs. L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.

9. July 21, 1905 The Ely Miner Ely, MN

Article from The Ely Miner, July 21, 1905

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OHIO BANK FAILS. Event Causes Great Excitement As Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S. S. Puckett, the cashier, and the latter's wife, Mrs. L.W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.

10. July 24, 1905 Vilas County News Eagle River, WI

Article from Vilas County News, July 24, 1905

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upbraided habits. Peary's ship, Roosevelt, saile from New York on voyage to th north pole. He will join the vessel : Cape Breton. John D. Rockefeller, through his a torney, denies the charge of Miss Ta bell that he wronged his former frien John Corrigan, in a stock deal. Thomas F. Ryan is said to hav agreed to sell Hyde stock back to th Equitable for $2,500,000, thus insurir thorough mutualization. Superintedent of Insurance Hen ricks issued a statement defendin his action in the Equitable case. Su pression of testimony is denied. The Milwaukee grand jury takes v the purchase of the new morgue sit in which the "gang" in the count board is said to have made $17,000. Sentiment among members of the I y. legislature in favor of an Equi able investigation is growing and Go ernor Higgins will be urged to act. A former German army officer disa pears from Marinette, Wis., and supposed to have killed himself as t1 result of a grewsome duel compact. At Broadhead, Wis., LaFayette E sor, aged 55, shot himself after : tempting to kill his wife, aged 50, the climax to a series of fami troubles. Samuel Reymer, who married dancing girl, is practically disinher ed by the will of his millionaire fathe which is filed for probate in Pitt burg. W. B. Howell, a millionaire cotte planter of Pine Bluff, Ark. committ suicide in New York because physical were unable to save him from blin ness. District Attorney McGovern of M waukee, considering the batch of indictments returned by the gra jury says: "We hope to do much b: ter." The president has decided to c congress to meet in extra sessi Nov. 10 to consider rate legislati and will send in a strong message . the subject. Equitable disclosures start a clam for the scalp of Chauncey M. Depe who may be forced out as a direct of the society and thus lose a Ya trusteeship. George H. Drake and Howard App gate were appointed receivers of t closed 0 Citizen's bank of Yello Springs, Ohio. The bank probab will be respened. Chairman Shonts' policy as to SO of the engineering problems of ti canal will depend cn a visit 10 1 isthmus. He is determined to ma zone healthy and habitable. President Roosevelt, in an addre to physicians of Long Island, scor the Panama "quitters,' and in prai ing the medical profession pays tribute to General Leonard Wood. Morris K. Jesup of New York gai $25,000 for Commander Peary arctic expedition, completing ti $50,000 needed, and the explorer I clares he surely will reach the nor pole.

11. July 24, 1905 Arizona Republican Phoenix, AZ

Article from Arizona Republican, July 24, 1905

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SUSPENDED BANK TO REOPEN. Citizens' of Yellow Springs, Ohio, to Reorganize as a National. Springfield, Ohio. July 23.-Howard Applegate and George H. Drake were appointed receivers of the Citizens' Bank of Yellow Springs today. Their joint bond was fixed at $25,000. It is expected that the bank will open for business in a few days, and that all of the depositors will get their money. President Stewart says the liabilities are $30,000 and the assets $40,000. Out of the private bank a national one will be organized.