18345. Fort Worth National Bank (Fort Worth, TX)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3131
Charter Number
3131
Start Date
February 18, 1930
Location
Fort Worth, Texas (32.725, -97.321)

Metadata

Model
gpt-5-mini
Short Digest
d078718ba965863d

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected

Description

Multiple contemporaneous articles (Feb 19, 1930) report a run on the Fort Worth National Bank caused by malicious rumors/a misleading telephone call. The bank met withdrawals, remained open (closed only briefly during the run), paid checks, and resumed normal business. Bank officers, an orchestra, refreshments, and public pledges (W. T. Waggoner) were used to reassure depositors. No suspension or receivership is reported.

Events (2)

1. March 4, 1884 Chartered
Source
historical_nic
2. February 18, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Malicious rumors reportedly started by a misleading telephone caller; rumor that the bank was unsound prompted mass withdrawals.
Random Run
Yes
Random Run Snippet
misleading telephone call caused rumor that bank was unsound; proved false
Measures
Officers reassured depositors; orchestra and refreshments calmed crowd; prominent local backer (W. T. Waggoner) pledged wealth; bank met all withdrawals and paid checks.
Newspaper Excerpt
seeking to fix responsibility for the rumor believed to have caused run of depositors ... orchestra furnished music in the lobby ... met all withdrawals and assuring depositors their checks would be paid upon presentation.
Source
newspapers

Newspaper Articles (7)

Article from Austin American-Statesman, February 4, 1930

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Article Text

FT. WORTH BANK RECEIVER IS NAMED FORT WORTH, Feb. Richard Van Zandt, former gov. ernor of the Federal Reserve bank Dallas, son of Maj. K. M. Van Zandt, Worth National bank head, will for Texas bank, closed following run. of Van Zandt was announced in Tuesday by the of the treasury.


Article from The Times Herald, February 19, 1930

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JURY PROBES RUN ON BANK 'Malicious Rumors' Blamed By Strong Texas Inst tution The Associated Press) Worth, 19-An the county grand in to for the a of on tional of Fort one of the oldest and financial District Judge George E. said the would be Depositors into bank at and be A added bank officials orchestra to the lobby and Speeches were made to lobby throng by fewer and more ha 11 to close until bank in best cond in its did to or to the Lynn ernor bank to the total He urged to to had been of bank more than years that the the and that federal the disposal Queen Has New Purple Coat has


Article from Times Union, February 19, 1930

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UNITED STATES RECEIVER FOR FARNUM LOS ANGELES, Feb. actors their when must pay Superior Crawford. ordering receiver for the $100,000 property William upon plea of wife for $100 weekly alimony. TRUMBULL LIMPS Conn., Feb. the aid cane, Trumbull kept his to address the Middlesex County Club. He made of his glider crash at Newark, airport Monday. COOLIDGE JOINS CLUB ANGELES, Feb. Calvin Coolidge thrust his left hand into plate ham and tay member the Angeles Club. The rite is part the initiation ritual, ROBINS IN WEST CHICAGO, forerunners of warmer the Middle Far West to-day. Weather records that stood years broken. At Kansas the mercury rose degrees. MORE IN BANK CASE MAYWOOD, Feb. Collapse People's State Bank, which revealed Elmer Langguth, Miss the old cashier, and resulted charges of both, brought about the arrest of three other bank employes to-day. FAINT IN BURIAL ERROR CHICAGO. Feb. (U widows fainted at military funerals country towns 600 miles apart looked into faces of strangers. Each widow grasped at hope but telegrame explained an error in shipments. DINE AT RUN ON BANK FORT Tex., Feb. the the National Bank city. Officials served dogs and coffee who stood in long lines withdraw ly $300,000 during ASK POLICE PROBE BOSTON, Feb. 19 gation of the Police Department has Federal jury. Massachusetts Senate also asked investigation of the pensioning Oliver Garrett, former of the police liquor squad. BORN IN 1929 Feb. Dr. John Pollard. comdoes his records tell children born here in 1929. There were 1,929. AUBURN MEN DOOMED Feb. Claude Udwine, William Force and Jesse Thomas, Auburn Prison convicts, who last week found of the murder Henry Sullivan, were sentenced die the electric at Sing during the week March ALIMONY Feb. 19 Tuttle, treasurer the Kresge to-day under court order property on his wife, Tuttle. after vorce on the grounds of cruelty. RAID HITS BUSINESS PHILADELPHIA, Feb. threat transfer convention Atlantic City because the possibility further police on hotels the delphia make ing the prosperity.' CHICAGO FUND DRIVE CHICAGO, Feb. 19 minute men rallied today Chicago's for volunteers raise $74,000,000.


Article from Times Union, February 19, 1930

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EUROPE FAVORS FARM LOANS Club, to British agriculture. TRUMBULL LIMPS PUBLISHERS IN POLITICS 19 with aid newspaper Trumbull joined England's address the other publisher, proposals County Foreman's Club party which an at Newark, airport Monday. politicians crisis of Great Britain's national exisCOOLIDGE JOINS CLUB ANGELES, 19 his left plate ham eggs Angeles rite is part of the ritual ROBINS IN WEST CHICAGO, of warmer home the Middle and West to-day. Weather that have stood years were broken. At Kansas City the mercury rose to degrees. 3 MORE IN BANK CASE MAYWOOD, III., Feb. Collapse of the People's Bank. which Elmer and the old cashier, and in charges of against about the arrest of three other bank to-day. AINT IN BURIAL ERROR CHICAGO, Feb. 19 a widows fainted military funerals country towns 600 miles apart caskets of grasped hope teleexplained an error in shipments. DINE AT RUN ON BANK FORT WORTH, Feb. a the the National Bank of this city. served and to stood lines to withdraw approximately $300,000 during scare. ASK POLICE PROBE BOSTON, 19 gation of the Police Department has by jury The Massachuof the of Oliver B. Garrett, head of the police liquor squad. 1,929 BORN IN 1929 EVANSTON, III., Feb. (U Dr. John W. H. Pollard, health missioner, does not have to refer records to tell how born here in 1929. There were 1,929. AUBURN MEN DOOMED N. Feb. 19 Claude Udwine, William Force and Thomas, Auburn Prison convicts, who last week were found guilty of the murder of Henry Sullivan, were sentenced to die in the electric chair at Sing Sing during the week of March $1,250,000 ALIMONY DETROIT, Feb. 19 Tuttle, the Kresge Co., to-day was under court to 250,000 settlement on his Tuttle, her divorce on the ground of cruelty. RAID HITS BUSINESS PHILADELPHIA, Feb. 19 threat to transfer convention Atlantic City because of the possibility police hotels the Philadelphia Hotel to against "endangering the city's CHICAGO FUND DRIVE Feb. 19 millionaire minute rallied today at Chicago's for volunteers to raise DE RIVERA TIME Feb. of Spain, not return for at to-day. ments in Madrid. FINN LOAN CONFIRMED Feb. -Officials the reports loan French banks Finnish Codeclaring that this the re-esfinancial situation. POLITICS IN ROMANCE Feb. 19 Politics may have ruined what was once glowing marPrincess Charlotte, ter of Prince Louis, who the Monaco, and her Pierre. RUSSIA MOSCOW, Feb. 19 a of private trade and and the complete Russia, coupled with abolition religious forms, which the Soviets rushing this nation, leaders said to-day. REPAIRS FOR ST. PAUL'S Paul's edifice crowning Ludgate Hill, saved the nation. Repairs, Canon Alexander announced to-day, can begin at once. FIGHT ENDS SESSION SOFIA Bulgaria, Violent fighting between and deputies, brought the session of the National Assembly. LOYALISTS ROUT REBELS LONDON (U Loyalist a heavy defeat on rebels trying to take Nanking, China, Hongkong dispatch. The battle resulted in rebel loss of 1,000 men and 2,000 rifles. BERLIN CAB STRIKE ENDS Feb. 19 strike of taxicab public for nearly and in clashes the police, was ended to-day through official CHAUTEMPS IN CRASH (U Chautemps. radical leader, suggested as the likely first choice President Doumergue for the Premiership, narrowly escaped injury in an automobile accident.


Article from Okmulgee Daily Democrat, February 19, 1930

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ON WORTH BANK Orchestra Played, Sandwiches Served to Frenzied Depositors FORT WORTH. Texas, Feb. 19. (AP)-Seeking to fix responsibility for the rumor believed to have caused run of depositors yesterday on the National bank of Fort Worth. one of the oldest and strongest financial institutions in the Southwest, an investigation by the Tarrant county grand jury was in prospect today. Criminal District Judge Hosey said the investigation would be asked. After the started at yesterday the bank remained open until 11 m. meeting all withdrawals and assuring depositors their checks would be paid upon presentation. Music and Refreshments An orchestra furnished music the lobby and sandwiches were and visitors. President W. E. Connell joined by other officers of the bank, is. statement that the bank was in the best condition in its history, did not owe cent to anyone or bank. Among those who the around bank were W. T. Waggoner, Texas cattleman and oil man, and Lyon of the Dallas Federal Reserve Pledged All Wealth Waggoner pledged his entire wealth, which several times the total deposits of the banks, the payment of all deposits. He urged the people to to your homes and forget malicious rumors.'


Article from Holdenville Democrat, February 20, 1930

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Run on Ft. Worth Bank Is Concluded; Tellers Are Idle FORT WORTH. Texas, Feb 19. run on the National bank reached an end last night ing sitting idle cages titully stock with with Texas Hotel play ing out the crowd to tune Home Sheriff Red Wright passed out hot dog sandwiches. Music. and cash turned the run into the greatest vertising stunt history and this morning the were opened for "business with no more than normal number of patrons in the lobby.


Article from The Marshall News Messenger, February 21, 1930

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Article Text

RUN ON BANK LAID TO UNKNOWN PERSON FORT person who called number National Bank demositors telephone early this week and misleading bank's condition responsible for triet to taken before the Investigation