18004. City State Bank (Martin, TN)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
November 25, 1930
Location
Martin, Tennessee (36.343, -88.850)

Metadata

Model
gpt-5-mini
Short Digest
c2ca725221675da0

Response Measures

None

Description

Multiple contemporaneous newspapers (Nov 25, 1930) report 'the City State bank at Martin' closed to protect depositors and to 'stop a run' amid steady withdrawals that closed three Weakley County banks. Reports mention possibility of reopening but no firm reopening is recorded in these articles, so outcome is uncertain.

Events (2)
1. November 25, 1930 Run
Cause
Local Banks
Cause Details
Steady withdrawals/run on deposits affecting several Weakley County banks; contagion among local banks led depositors to withdraw funds from City State Bank.
Measures
Bank closed its doors to halt withdrawals and protect depositors (suspended business).
Newspaper Excerpt
closed to protect depositors ... closed to stop a run
Source
newspapers
2. November 25, 1930 Suspension
Cause
Local Banks
Cause Details
Suspended operations because of steady withdrawals/run affecting banks in Weakley County; closed to halt withdrawals and protect depositors.
Newspaper Excerpt
The City State bank at Martin announced they closed to protect depositors.
Source
newspapers

Newspaper Articles (8)
1. November 26, 1930 Joplin Globe Joplin, MO
Article from Joplin Globe, November 26, 1930

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Article Text

DISASTROUS OCCURS BELT OF DEATH ACROSS BEAUTIFUL PENINSULA. BULLETIN. Tokyo, governor Shizukoa fecture announced 187 persons were known to have perished in earthquake which struck the Izu peninsula early today. Tokyo, Nov. earthquake stretched belt of death and destruction across the northern part of the beautiful Izu peninsula early today with toll dead and injured mounting steadily as fragments the disaster story from stricken The chief of police of Shizuoka prefecture, which includes the Izu peninsula, estimated the quake dead between 100 and while the number of injured was likely bring total casualties 900. The chief of police Numazu reported 165 dead in the Numazu police district alone, including thirty-seven killed at Nirayama, eight miles southeast of Mishima. An tally of the dead impossible owing destruction throughout the peninsula. Full Facts Not Known. The fate of large portion of southern Izu was still undetermined, while reports from such important centers Atami, Ito. Nagaoka and Shuzenji were meager. Although first reports designated Mishima the center of the quake zone, that railway junction appeared to have suffered less than resorts the southward. The Izu peninsula projects southward from the Japanese island of Hondo. Nagoya, one the largest cities, lies about 100 miles from the Japanese capital. The peninsula thickly populat- Washington, Nov. earthquake almost three hours duration, estimated 7,000 miles from Washington, recorded afternoon at the Georgetown university seismograph. began at 2:16:13 and continued until shortly after The maximum intensity Louis, Nov. in Japan on the University, the Rev. Joliet reported tonight. The first phase the earthquake was regis1:15:56 and the second Louis time. The distance from Louis Three Tennessee Banks Close. Tenn., Nov. Weakley county, closed The the Weakley County reported closed The Bank Martin City State bank, closed earlier in the

2. November 26, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, November 26, 1930

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Article Text

Cincinnati live market reported by November Actual rec'ts for 416 Monday 418 87 steers and helfers too light for the demands the trade, and market reigned strong higher in tively. $1 or have been enforced tion with and lower grades the greatest line some grade beef early in week at Eastern cenNothing grading above good was offered on these sold fully steady to with some the close competition. Bulls upturn spots and medium steers figure being grading good late 50c with hog tion basis 160 packers sales which $8.50 and $2 good choice weight 180 500 lbs) pigs Steers $8. medium Bulls common and milk (per (per Lambs- and choice medium to all and SUIT FILED To Void Stock Sale. Banker Says Connection With Caldwell Is Misstated. Depositor Sues Louisville Institu tion For Money Deposited After Hours On Saturday. Louisville, Ky., November 25-(AP) Litigation in and Federal Courts today from the closing week ago Monday of the National Bank Kentucky and the subsequent receivership for BancoKentucky, its holding company Paul C. receiver for the National of Kentucky, made in suit filed in Federal Court here by Venhoff & Hillen, hatters, who seeking to recover which they claim was in the bank after the close business Saturday, November 15. The petition avers the money was entered in the firm's pass book as November 17 and hence did not become the property of the bank. The plantiffs charge the officers of the bank knew was insolvent when the money was received and they ask return of the principal with in In McCracken Circuit Court at Paducah an injunction suit was filed today by Jesse Weil, Paducah banker, and his wife, Vivien R. Weil They ask the Court void stock transaction the BancoKentucky Company the grounds the BancoKentucky misrepresented its connection with Caldwell & Co. Nashville bankers, now They set out in their petition that they 518 shares of Trust Bank stock for 5,171 of BancoThe claim that because of alleged false assurances them by BancoKentucky executive the transaction was The plaintiffs ask that the BancoKentucky be enjoined from acquir ing the stock transfer on the books of the Mechanics Trust & Savings Bank. Rome, November banks capital reserve of $1,209,000 closed their doors Northern Italy. The largest the Credito Veneto with headquarters in Padua and 65 small branches. The which closed yesterday and asked for liquidation its affairs. capiof The two banks which closed were the Rovido, with of 000, and the Banca Venetia Giplia, of Trieste. with capital surplus of $315,000. Ind. November 25-(AP) The Bank here failed to open for business today inis capitalized at $30,000 and had of $360,000. Dresden, Tenn., November Three banks Weakley County. Tenn. closed today. The cashier of the Weakley County bank here reported it was closed to stop bank of Martin and the City State Bank at Martin. closed the day. Little Rock, Ark., November 25banks, which last reported to the State Banking Department today they for business With reopenings, 10 of 70 banks the state which closed or suspended within week have resumed operations. Those resuming business today the Bank Ozan, the Bank of McNeil and the Bank of Stamps in towns of the Six reopened yesterday and one last week. Caruthersville, Mo., November 25First National Bank of Caruthersville closed this afternoon by its Directors after run It said withdrawals the last few days had amounted to $100,000. Chicago including good and and good good and and lambs and WEEKLY CAR LOADINGS 25freight the November were today by the American Railway Association totaling This of from the preceding and decline decrease and live decrease METAL New November unsettled. Electrolytic: future Iron unchanged. spot Lead steady; New York 10c. East Louis spot and 4.95c. East 4.10c. future Lead future future

3. November 26, 1930 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, November 26, 1930

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Article Text

THREE BANKS ARE REOPENED Arkansas Situation Improves: Three Close in Tennessee. (By The Associated Press.) Develop ments in the banking, situation in the United States Tuesday included the closing of five institutions in various localities and the reopening of three. that had closed during the last Three Arkansas banks reported to the banking department they had reopened for business after having suspended payments for week With these reopenings, ten seventy banks in the state which closed or suspended within week have resumed Those resuming business during the day were the Bank of Ozan. the Bank of McNeil and the Bank of Stamps. Members of the Christmas club of the used American Exchange Trust company in Little Rock. Ark. will 50 per cent of their savings through plan agreed upon by three the largest stores. There are about 1.000 of the club. with appreximately $200,000 on, deposit. Three banks in Weakley county in Tennessee were closed dispatches from Dresden said The cashier of the Weakley County bank in Dresden reported it was closed to stop run. The Bank of Martin and the City State bank, both at Martin, closed earlier in the day In Indiana. the Citizens State bank at Orleans failed to open for business The institution is capitalized at $30 and has of In Mo. the First National bank was closed by its directors after run It was said withdrawals during the last few days had amounted to 000 Peoria dispatches sai Henry Denhart president of the defunct Denhart State bank at WashingIll offered his personal forof $120 000 to help overcome liabilities growing out of the several months

4. November 26, 1930 The Tennessean Nashville, TN
Article from The Tennessean, November 26, 1930

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Article Text

Banks in Weakley Close to Protect Deposits DRESDEN, Tenn., Nov 25-(A)Three of Weakley county's eight banks closed today to halt withdrawals of deposits. The County bank, capitalized at closed and left one bank open here- Its cashier said closed "to stop runThe Bank of Martin, the county's oldest and largest, and the City State bank at Martin announced they closed to protect depositors They are the only banks there. "We could have kept open, said H.J. Ramer, cashier of the Bank of Matrin. He said there is possibility of reopening soon. Mr. Ramer said between $3,000 and $4,000 of state funds were de posited in the Bank of Martin, and correspondingly small amounts in the others.

5. November 26, 1930 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, November 26, 1930

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Article Text

Three Banks Close To Stop Big Withdrawals DRESDEN, TENN., Nov. 25.-(P)Three of Weakley County's eight banks closed today to halt withdrawals of deposits. The Weakley County Bank, capitalized at $40,000, closed and left one bank open here. Its cashier said it closed "to stop a run. The Bank of Martin, the county's oldest and largest, and the City State Bank at Martin announced they closed to protect depositors, They are the only banks there. "We could have kept open," said H. J. Ramer, cashier of the Bank of Martin. He said there is a possibility of reopening soon.

6. November 26, 1930 The Boston Daily Globe Boston, MA
Article from The Boston Daily Globe, November 26, 1930

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Article Text

THREE SMALL BANKS CLOSE IN TENNESSEE DRESDEN, Tenn, Nov 25 banks Weakley County, Tenn, closed cashier the Weakley County Bank here reported closed bank of Martin and the City both at Martin, closed earlier in the day.

7. November 26, 1930 The Knoxville Journal Knoxville, TN
Article from The Knoxville Journal, November 26, 1930

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Article Text

3 Banks Closed To Halt Checking Out Of Deposits of Weakley county's eight banks were closed today to halt withdrawals of deposits. The Weakley County bank, capitalized at was closed and left one bank open here. Its cashier said it waseclosed "to stop a run. The Bank of Martin, the county's oldest and largest, and the City State bank at Martin announced they closed to protect depositors. They are the only banks there. "We could have kept open," said H. J. Ramer cashier of the Bank of Martin. He said there was a possibility of reopening soon. Mr. Ramer said between $3,000 and $4 000 of state funds were deposited in the Bank of Martin and correspondingly small amounts in others. Bank of Martin is capitalized at $85,000. Its latest statement show

8. November 26, 1930 The Macon News Macon, GA
Article from The Macon News, November 26, 1930

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Article Text

BANK SUSPENDED Tenn. Nov. 25. (P)-The Bank of Martin failed to open for Tuesday. The City Bank closed about an hour after the start of the day's business. of both banks blamed steady withdrawals. Martin is without a bank