23185. Commercial Bank & Trust Company (Douglas, WY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust company
Start Date
January 3, 1924
Location
Douglas, Wyoming (42.760, -105.382)

Metadata

Model
gpt-5-mini
Short Digest
d4f65e16

Response Measures

None

Description

The bank failed to open Jan 19, 1924 (suspension) due to depleted reserves as its patrons (farmers) had no income; by June 5, 1924 the bank is reported reorganized and resuming operations, paying depositors 100%. No explicit run is described in the articles.

Events (3)

1. January 3, 1924 Other
Newspaper Excerpt
First National Bank consolidated with Commercial Bank and Trust company under name of Commercial Bank and Trust company. Douglas -- First National Bank consolidated with Commercial Bank and Trust company under name of Commercial Bank and Trust company. Laramie-State university to have petroleum research laboratory established by federal government.
Source
newspapers
2. January 19, 1924 Suspension
Cause
Local Shock
Cause Details
Depleted reserves because the bank's patrons were principally farmers with low farm incomes, leading the bank to fail to open on Jan 19, 1924.
Newspaper Excerpt
The Commercial Bank and to Trust Company of Douglas, Wyo., failed January open its doors for business 19th.
Source
newspapers
3. June 5, 1924 Other
Newspaper Excerpt
Douglas - Commercial Bank & Trust Company, reorganized, to resume banking operations, paying depositors 100 cents on the dollar.
Source
newspapers

Newspaper Articles (3)

Article from Rawlins Republican, January 3, 1924

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Article Text

Wyoming Weekly Industrial Review Country enters upon the new year with fair prospects in nearly all lines of industry-production of coal, oil, lumber and steel on fair levels and building operations pushing well into the winter-Unem ploy ment: not large. Douglas -- First National Bank consolidated with Commercial Bank and Trust company under name of Commercial Bank and Trust company. Laramie-State university to have petroleum research laboratory established by federal government. In 1923 Wyoming raised ten times as much corn as in any previous year. Lovell-Construction of new armory progressing steadily. Worland-First state corn show closes as unqualified success. Laramie- Empire Platinum Mining Co. incorporate with capital of $100,000, to work in platinum lead opened by Jacob Schnitzler. Casper-Foundation laid for new $150,000 Presbyterian church. Buffalo- Tarrant Company running casing in test well near town, gas pockets discovered. State mining congress to be assembled in near future to promote mining industry. Salt Creek-Ohio Oil Co. completes two new producers in local field. Casper-Building permits issued in November totaled 134, with aggregate value of $309,615. Newcastle-Construction of perm-


Article from The Cody Enterprise, January 30, 1924

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Article Text

LATE NEWS From All Over WYOMING The first automobile passed through of Wind River canon, five miles south Thermopolis on Tuesday, Jan. 22. E. J. Booker, colored, shot and fatally wounded his paramour, Side Lillian Burns, also colored, on the South shot of Green River. The woman was three times. The First National Bank at Lingle failed to open its doors for re- business January 15th, due to its depleted serve as its patrons are principally infarmers and they are having no at comes from which they can deposit this time. Papers notifying Sheriff Frank be- R. Toy, of Sheridan county, to appear 18, fore Governor W. B. Ross on Feb. in to answer charges of misconduct by office, were served on the sheriff of M. C. Wachtel, State commissioner law enforcement. The Commercial Bank and to Trust Company of Douglas, Wyo., failed January open its doors for business 19th. The institution is a First consolidation of the Commercial and the National Bank of Douglas, the merger having gone into effect last month. The United States air mail A. service won a race with Death when Dr. E. by Lauzer of Rock Springs, was taken mail airplane to the ranch of William was Enos, 75 miles north, but Death wealthy not to be denied and Enos, stockman, died from blood arrival. poisoning ten hours after the physician's Frank M. Lee, of Marion, Ind., was instantly killed in the Ohio oil Laramie, field at McFadden, northwest of when a baler being hoisted from a well 3,200 feet deep, allowed to come too fast from the hole, struck the pul- broke ley at the top of the derrick, and the cable, falling on Lee's head killing him instantly. Quite a serious accident took place while John Irwin was hauling timbers. driven One of the logs having a spike the through it. in some way fell off drivwagon and lodged against him, Ing the spike into the calf of his leg. He was placed in the Long hospital at Shoshoni, and a number of stitches were taken in the wound. The number of scables infected sheep in Wyoming has been In reduced from 200,000 to 5,000 in two years. 1921 there were 77 herds in Converse, Sweetwater and Natrona counties that were afflicted with this disease. At the close of 1923, this number had been cut down to four herds. This State report was made when the held Board of Sheep Commissioners last Its annual meeting In Cheyenne week. Lander, Wyo., was chosen by the Republican state central for committee meeting in Cheyenne, as the place the holding of the party's state convention. Thermopolis contested with Lander for the designation, but failed to muster enough votes. The committee fixed the basis of delegate appor- 175 Honment as one delegate for every votes or major portion of that number cust for C. E. Winter, Republican candidate for Congress in 1922. Col. Richard W. Soper announces plans to double the capacity of


Article from Rawlins Republican, June 5, 1924

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Article Text

AWLINS REPUBLICAN, RAWLINS, WYOMING, THURSDAY, JUNE 5, 1924 000 concern, awards contract for 15- sition shows, rodeo and wild west, partment building big storage garage here. mile pipeline to carry water from 40 rounds of boxing and visits to Tisdale well to camps and towns Casper - Two platoon system the swimming pools, dancing paviladopted by fire department. ions, parks and other attractions of in Salt Creek and Teapot dome fields. Salt Creek-E. T. Williams Oil Co. the world's greatest mineral hot Division report of Department of I springs here. to build gasoline absorption plant Agriculture announces Wyoming soil and moisture conditions best in capable of handling 4,000,000 to 5,There will be music and speaking years. 000,000 cu. ft. of natural gas per and the hours of the three days day. Casper-Construction work now celebration will be filled with atLaramie - Petroleum research in progress and projected for year tractions so that there will be sometotals $3,500,000. laboratory at University of Wyomthing doing every minute. Salt Creek - Midwest interests ing to be opened July 1. Many of the leading officials and Riverton-Contract let for buildmake 6 oil well completions in local citizens of the state and of different ing highway bridge over recalamafield during week. parts of Wyoming have indicated tion dam. that they will be on hand to see this Salt Creek-Burris dome in north of most picturesque 11 miles of road. Salt Creek field to have deep test OPENING WIND for oil and gas drilled by Montana Giant Petroleum corporation. Rock Springs - Over $1,000,000 Hall's Catarrh RIVER ROAD TO worth of wool sold here, at Rawlins th is a Combined and Cokeville in one week, prices Medicine Treatment, both ranging from 38 to 41 ½ cents. BE HELD JULY 1 Douglas - Commercial Bank & local and internal, and has been successTrust Company, reorganized, to reful in the treatment of Catarrh for over sume banking operations, paying deforty years. Sold by all druggists. The official opening celebration of positors 100 cents on the dollar. F. J. CHENEY & CO., Toledo, Ohie the Wind River Canyon road will Department of Labor, in industbe held at Thermopolis, July 1, 2 and rial survey for mountain district, re3. A big program, including expoports building active and construction labor plentiful in Wyoming, agricultural work increasing, with probability of requiring outside labor brought in. Du Noir - Sawmill of Wyoming PRIVATE Tie and Timber Company to have steady run, record output expected for year. WASHING Lander-Recent surveys revive interest in Atlantic City gold fields. Get quality work that Pine Bluffs - Farmers elevator ships 3 cars of hogs and 1 of corn saves clothes at right in one week. prices. Centennial-More than 500 claims reported filed in this platinum minAll kinds work called for ing district. and delivered Wright - Farmers in southern Campbell county busy putting in crops; much new land being broken. Newcastle - Billy creek oil field PHONE 560J 40269 to have fifth well drilled soon, contract let by Carter Oil company. 213 E CEDAR Salt Creek-Intermountain Water & Power Company, new $600,000,WHY NOT