23204. Stockmens State Bank (Medicine Bow, WY)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 27, 1923
Location
Medicine Bow, Wyoming (41.896, -106.205)

Metadata

Model
gpt-5-mini
Short Digest
e393a650

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Other: Receiver appointed and later pursuing claims (suit notices in 1924).

Description

Bank closed Nov. 27, 1923 after a run triggered by a rumor; local adverse livestock conditions are also cited as underlying cause. Officers tried to protect depositors. A receiver (Carl Arnold) was later appointed (legal notices appear in 1924).

Events (3)
1. November 27, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
A rumor that the bank had failed circulated and frightened depositors into withdrawing funds.
Measures
Officers made a brave effort to protect their depositors during a four days' run; attempted to reassure and stem withdrawals.
Newspaper Excerpt
On last Wednesday morning, previously, a rumor became afloat that the bank had failed, and of course, people ... drew out their money, caused a run on the bank.
Source
newspapers
2. November 27, 1923 Suspension
Cause
Local Shock
Cause Details
Local adverse livestock conditions undermined the bank's condition and are cited by authorities as a reason for the closing (in addition to the run).
Newspaper Excerpt
The Stockmens State Bank ... closed its doors Tuesday and is now in charge of the state bank examiner's office.
Source
newspapers
3. November 29, 1923 Receivership
Newspaper Excerpt
The Stockmens State Bank ... closed its doors Tuesday and is now in charge of the state bank examiner's office... when a receiver will be appointed.
Source
newspapers

Newspaper Articles (9)
1. November 29, 1923 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, November 29, 1923

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Article Text

Stockmens State Bank Closes Doors The Stockmens State Bank, situated at Medicine Bow, definite. ly closed its doore Tuesday and in now in charge of the state bank examiner's office. according to a statement made today by banking authorities of this city. Those in touch with the situation at the closed bank believe its closing to have come as the result of adverse livestock gonditions. This bank is about six years old, occupying during that time its fine new building north of the Virginian hotel. It was one of the definite assets of the Medicine Bow community and this entire region regrets the necessity of the action taken by the state. The examiners office will be in charge until a thorough check has been made, when a receiver will be appointed.

2. December 6, 1923 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, December 6, 1923

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Article Text

Officers of Bank To Protect Depositors Tuesday morning, Nov. 27, The Stockmen's State Bank, of which Medicine Bow has so proudly boasted during the last five years, closed its doors to the public. Its failure came as a great shock to all the citizens of the community. On last Wednesday morning, previously, a rumor became afloat that the bank had failed, and of course, people who didn't know the officers behind the institution. becam e frightened, drew out their money, caused a run on the bank. Never before in the history of banking. have the officers made so brave an effort to protect their depositors, as they made in this instance. The only regret expressed among the people is that they were not aware of the condition of the bank, after a hard four days run, in order that they might have co-operated with the of ficers and made equally as diligent an effort to save their bank-the bank in which all their pride hás been centered. Failure on a square deal is not a failure-it is a boom. Never has the closing of a bank left as kiadly, a feeling and as charitable an attitude among the people. There Is no feelIng of alarm as to whether or not they will eventually receive. their money, they all know they will they know the mon behind this bank. The building stands, as a symbol of honestly--fve years of constant service to the people, and a commendable reputation, and to the president and cashier, we, the people of Médicine Bow, extend our sincere appreciation and good will. Citizens of Medicine Bow.

3. August 14, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, August 14, 1924

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Article Text

THE RAWLINS REPUBLICAN, RAWLINS, WYOMI NG, THURSDAY, AUGUST 14, 1924 CALIFORNIA EDITOR A Court in and for the County of CarMrs. Cora Mailman of Saratoga is VISITOR IN RAWLINS receiving treatment in the Memorial bon, State of Wyoming, by Carl Arnold, Receiver of the Stockmen's Hospital and is getting along nicely. State Bank of Medicine Bow, the obW. E. Wagener, editor of the FilMr. and Mrs. Geo. Herring and Mr. more, California, Herald, accampanject of which suit is to obtain judgCarl Herring of Denver, arrived in the city last week for a visit of some ment in the sum of Twenty-seven ied by Mrs. Wagener, arrived in Rawlins the first of the week and Hundred Dollars ($2700), with intime at the home of Mrs. Herring's terest thereon at the rate of 8% per spent a couple of days here as the sister, Mrs. Jack Johnon and family. Mr. and Mrs. K. H. Hadsell enterannum on a certain promissory note guests of Mr. and Mrs. H. E. Mcin said sum, executed by you on the Farland. tained at dinner on Monday evening 17th day of February, 1923. Mr. and Mrs. Wagener are making of this week having as their guests Now, therefore, if you do not an extensive tour of the Rocky MounMr. and Mrs. J. J. Hilpirt of Parco, D answer the said petition on or betain district and have visited YelMiss Elizabeth Jensen of Pocatello, fore the 11 day of October 1924, Mr. and Mrs. Gus Fleischli, Miss Malowstone, Glacier and other nationjudgment will be taken against you, bel Myhra and Miss Amy Whitson. al parks. Club will be enand your property taken to satisfy Mrs. Pat Sullivan, Mrs. J. Mahonafternoon by the same. P. J. JOHNSON TAKES ey and daughters, Dorothy and Marin her home. There CARL ARNOLD, CAR OVER NEW ROAD tha, and Bryan Tobin of Casper are ecial guests besides Receiver of Stockmen's State Bank spending a week in Rawlins visiting nembers. of Medicine Bow. P. J. Johnson is telling friends at the home of Mr. and Mrs. John First publication Aug. 14, 1924. Mahoney. here of the wonderful showing his W. Morris were Seventh publication Sept. 25, 1924. Mrs. S. A. Hansen, Mrs. J. A. Dodge car recently made when he Hobbs Mng. Wm Hobbe his heedauartore on Lack past week when

4. August 14, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, August 14, 1924

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Article Text

State of Wyoming, County of Carbon. SS. In the District Court CARL ARNOLD, Receiver of the Stockmen's State Bank of Medicine Bow, Wyoming, Plaintiff, vs. E. T. Edgerton, Defendant. To E. T. EDGERTON, Defendant in the above entitled action. Take notice that suit has been started against you in the District

5. August 21, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, August 21, 1924

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Article Text

State of Wyoming, County of Carbon. SS. In the District Court CARL ARNOLD, Receiver of the Stockmen's State Bank of Medicine Bow, Wyoming, Plaintiff, vs. E. T. Edgerton, Defendant. To E. T. EDGERTON, Defendant in the above entitled action. Take notice that suit has been started against you in the District Court in and for the County of Carbon, State of Wyoming, by Carl Arnold, Receiver of the Stockmen's State Bank of Medicine Bow, the object of which suit is to obtain judgment in the sum of Twenty-seven Hundred Dollars ($2700), with interest thereon at the rate of 8% per annum on a certain promissory note in said sum, executed by you on the 17th day of February, 1923. Now, therefore, if you do not answer the said petition on or before the 11 day of October 1924, judgment will be taken against you, and your property taken to satisfy the same. CARL ARNOLD, Receiver of Stockmen's State Bank of Medicine Bow. First publication Aug. 14, 1924. Seventh publication Sept. 25, 1924.

6. August 28, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, August 28, 1924

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Article Text

State of Wyoming, County of Carbon. SS. In the District Court CARL ARNOLD, Receiver of the Stockmen's State Bank of Medicine Bow, Wyoming, Plaintiff, vs. E. T. Edgerton, Defendant. To E. T. EDGERTON, Defendant in the above entitled action. Take notice that suit has been started against you in the District Court in and for the County of Carbon, State of Wyoming, by Carl Arnold, Receiver of the Stockmen's State Bank of Medicine Bow, the object of which suit is to obtain judgment in the sum of Twenty-seven Hundred Dollars ($2700), with interest thereon at the rate of 8% per annum on a certain promissory note in said sum, executed by you on the 17th day of February, 1923. Now, therefore, if you do not answer the said petition on or before the 11 day of October 1924, judgment will be taken against you, and your property taken to satisfy the same. CARL ARNOLD. Receiver of Stockmen's State Bank of Medicine Bow. First publication Aug. 14, 1924. Seventh publication Sept. 25, 1924.

7. September 4, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, September 4, 1924

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Article Text

State of Wyoming, County of Carbon. SS. In the District Court CARL ARNOLD, Receiver of the Stockmen's State Bank of Medicine Bow, Wyoming, Plaintiff, vs. E. T. Edgerton, Defendant. To E. T. EDGERTON, Defendant in the above entitled action. Take notice that suit has been started against you in the District Court in and for the County of Carbon, State of Wyoming, by Carl Arnold, Receiver of the Stockmen's State Bank of Medicine Bow, the object of which suit is to obtain judgment in the sum of Twenty-seven Hundred Dollars ($2700), with interest thereon at the rate of 8% per annum on a certain promissory note in said sum, executed by you on the 17th day of February, 1923. Now, therefore, if you do not answer the said petition on or before the 11 day of October 1924, judgment will be taken against you, and your property taken to satisfy the same. CARL ARNOLD, Receiver of Stockmen's State Bank of Medicine Bow. First publication Aug. 14, 1924. Seventh publication Sept. 25, 1924.

8. September 18, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, September 18, 1924

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Article Text

State of Wyoming, County of Carbon. SS. In the District Court CARL ARNOLD, Receiver of the Stockmen's State Bank of Medicine Bow, Wyoming, Plaintiff, vs. E. T. Edgerton, Defendant. To E. T. EDGERTON, Defendant in the above entitled action. Take notice that suit has been started against you in the District Court in and for the County of Carbon, State of Wyoming, by Carl Arnold, Receiver of the Stockmen's State Bank of Medicine Bow, the object of which suit is to obtain judgment in the sum of Twenty-seven Hundred Dollars ($2700), with interest thereon at the rate of 8% per annum on a certain promissory note in said sum, executed by you on the 17th day of February, 1923. Now, therefore, if you do not answer the said petition on or before the 11 day of October 1924, judgment will be taken against you, and your property taken to satisfy the same. CARL ARNOLD, Receiver of Stockmen's State Bank of Medicine Bow. First publication Aug. 14, 1924. Seventh publication Sept. 25, 1924.

9. September 25, 1924 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, September 25, 1924

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Article Text

State of Wyoming, County of Carbon. SS. In the District Court CARL ARNOLD, Receiver of the Stockmen's State Bank of Medicine Bow, Wyoming, Plaintiff, vs. E. T. Edgerton, Defendant. To E. T. EDGERTON, Defendant in the above entitled action. Take notice that suit has been started against you in the District Court in and for the County of Carbon, State of Wyoming, by Carl Arnold, Receiver of the Stockmen's State Bank of Medicine Bow, the object of which suit is to obtain judgment in the sum of Twenty-seven Hundred Dollars ($2700). with interest thereon at the rate of 8% per annum on a certain promissory note in said sum, executed by you on the 17th day of February, 1923. Now, therefore, if you do not answer the said petition on or before the 11 day of October 1924, judgment will be taken against you, and your property taken to satisfy the same. CARL ARNOLD. Receiver of Stockmen's State Bank of Medicine Bow. First publication Aug. 14, 1924. Seventh publication Sept. 25, 1924.