18262. Peoples Bank (Westville, OK)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
December 1, 1930*
Location
Westville, Oklahoma (35.993, -94.568)

Metadata

Model
gpt-5-mini
Short Digest
457f6f95

Response Measures

Accommodated withdrawals

Description

Two local newspapers (both dated 1930-12-12) report a brief run by depositors from Stilwell based on erroneous reports. OCR shows 'Peole's' corrected to 'Peoples'. The bank paid off withdrawals and remained solvent; no suspension or closure mentioned.

Events (1)

1. December 1, 1930* Run
Cause
Rumor Or Misinformation
Cause Details
Erroneous reports/rumors circulated about the bank's safety, prompting depositors from Stilwell to withdraw funds.
Random Run
Yes
Random Run Snippet
erroneous reports as to the institution's safety; false rumors
Measures
Paid off all accounts and satisfied depositors; announced ample finances to reassure others.
Newspaper Excerpt
Some depositors of Stilwell staged a run on the bank after hearing erroneous reports as to the institution's safety. The bank paid off all accounts and have ample finances on hand to pay off others who may feel uneasy.
Source
newspapers

Newspaper Articles (2)

Article from The Standard-Sentinel, December 12, 1930

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Article Text

$1.00 $1.50 If the city councilmen should appoint Grover Alberty as chief of police to succeed John Ferguson, Jan. 1st. they will have a man in that office who will crate no dissension among his fellow townsmen. He is the popular man for that position. Grover is one of our present deputies. who automatically loses his position at the first of the year. He is a man. we trust. who will champion the cause of law and order. Mr. Alberty is a middle-aged man. and is one who devotes diligence in his work. This man will not be tied down in any way to where he cannot enforce his onth of office WESTVILLE BANK GIVEN THE ACID TEST The security of the Peole's Bank. Westville. was given the test by certain depositors Tuesday afternoon and all concerned are satisfied as to the safety of the institution. Some depositors of Stilwell. staged a "run" on the bank after hearing erroneous reports as to the institution's safety. The bank paid off all accounts and have ample finances on hand to pay off others who may feel uneasy. The person who started this atrocious prevarication should be vigorously prosecuted. One man. it is said. excited rushed to the bank and withdrew a balance of 790 So the bank has proven to be as strong as the rock of Gibraltar. It is and will remain aleolately solvent POINT FOR THE MER HANTS We for a growing the pride builders in the we:ld. trade center on the map. as well as the been town be friend THEIR OWN THINKING would have nobody left maining it Luit presidents. You can kid about the old rubes that spit in the stove. and fixed the nation. but they were all doing their own thinking. They didn't have their minds made up by some propagandist speaker at the Get Nowhere' luncheon club." Will is dead right. SO give him a hand. The country has its big men and little. and narrow men and broad, just like the city. SO where is the difference? It's geographical and that is all. City and country. alike. are suffering from the plague of standarized thinking There is, then. something to be said for the cracker barrel.


Article from Adair County Democrat, December 12, 1930

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Article Text

WESTVILLE BANK GIVEN THE ACID TEST The security of the Peole's Bank. Westville, was given the test by certain depositors Tuesday afternoon and all concerned are satisfied as to the safety of the institution. Some depositors of Stilwell, staged a "run" on the bank after hearing erroneous reports as to the institution's safety. The bank paid off all accounts and have ample finances on hand to pay off others who may feel uneasy. The person who started this atrocious prevarication should he vigor. ously prosecuted. One man. it is said. excited. rushed to the bank and withdrew a balance of 79c So the bank has proven to be as strong as the rock of Gibraltar. It is and will remain absolutely solvent POINT FOR THE We call attention for a growing busilless We can well offord to take on the trade airs of 11 real city We so To from the larger cities that if we keep our stores stocked up with the real needs our people and keep prices low enough to be attractive. we are surely entitied to an increasing trade area. We cannot afford to say that the people are foreed to trade with us. Cities like Muskoger and Pt Smith and even others. including mail order houses. are making continual bids for the patronage that belongs to Stilwell We talk a great deal about pride Low prices and VAT pride builders in the world. So here goes to boost continually by actually making ours the best trade center on the map. as well as the best Town to be found