2456. Irwinton Bank (Irwinton, GA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
January 1, 1923*
Location
Irwinton, Georgia (32.811, -83.173)

Metadata

Model
gpt-5-mini
Short Digest
1d5bb6aba5038f6d

Response Measures

None

Description

Newspapers (1926) describe a run on the Irwinton Bank several years earlier precipitated by discovery that the cashier had embezzled about $32,000. Carswell (bank president) pledged personal assets and persuaded depositors; no suspension or closure of the bank is reported.

Events (1)

1. January 1, 1923* Run
Cause
Bank Specific Adverse Info
Cause Details
Discovery that the cashier embezzled approximately $32,000 triggered panic withdrawals.
Measures
Bank president George Carswell publicly pledged his personal property and appealed to depositors to remain, personally stood at the bank's door and asked for time to remedy the situation; this restored confidence and deposits rose.
Newspaper Excerpt
Three four years ago was discovered that the cashier had embezzled some $32,000. That started a run on the bank. George Carswell hurried to the bank ... pledged every dollar of property ... that nobody would lose nickel.
Source
newspapers

Newspaper Articles (2)

Article from The Macon News, August 30, 1926

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Article Text

CARSWELL BEST FITTED FOR GEORGIA'S GOVERNOR, SAYS CAMPAIGN MANAGER Special to The News George Carswell, already the second highest office in the state president of the Georgia Senate, eminently fit man and citizen for promotion the office governor, that his entire pubrecord qualifies him to that capacity were among the assertions Sam Nunn. of campaign manager. Mr. Nunn heard with enthusiasm by resentative gathering Bartow voters feel that have been given an exceptional opportunity here today of Mr. Carswell some things that he could not speak himself,' Mr. Nunn told his audience. speak character his campaign manager. but that you believe when tell you these the old friend. one who known Mr. Carswell and intimately who knows him under strees and weather "No better authority upon the character man could found the opinion his home They know him best Hear Mr Carswell's home folks have of him. Let me read from statement issued Carswell Club his home town "George Carswell belongs tinguished family and hears its ditions worthily. He us know him best plain man. born and reared little country village man who has in him the ele. ments that line of great commonwhom Georgia been proud. He equally home with the great leaders of the day with the boys on the streets Irwinton He always been leader in the county and the state promoting education. sense balance love of progress endear him to those who love the schools and youth He not noisy spectacular the cause of form always the side true religion and morality. His financial integrity. hold on confidence citizens and personal sacrifice have helped more than institution to positors and stockholders Georgia needs this sort just example our people governor. will belong no the people Georgia Carswell's campaign really began meeting home town. rousing meeting. Mr. Carswell spoke few dedication before home folks to the high purposes of his The ovation they gave when finished The love and esteem which every man, and holds for him reveals the kind he Carswell made statement that night that the finest things heard from man has public life 20 years He my both houses of the legislature, any any time which my my my daughters would ashamed. HEADS BANK "Mr. Carswell been president of the Irwinton Bank good many Three four ago that cashier had embezzied $32,000. That startrun the bank. rious hurried the and stood in front and minded them that he official head of the bank pledged dollar and other possessions that he had guarantee that nobody would lose nickel man against But his home folks heard him They knew him. asked that they him time work And trust. turned home. Before the state banking partment could get auditor there the deposits that bank had gone from Not one those depositors lost dollar Irwinton Bank one of the chain banks jeopardized recently the Bankers' Trust failure. you know. that failure caused temporary closing of great many the chain. But Irwinton Bank has never faltered moment. few the chain that not close His home folks confidence George Carswell brought safe contest for public office candidates to the white light publicity on everything they done, and remarkable Mr. Carswell's litical opponents have been compelled admit by their silence the lack of anything criticize his record. The only charge that has been uttered against him that burned some ballot boxes. This has been planted here there through Georgia on whatever looked like fertile ground political hirelings. creatures machine politics, of the stripe Mr. Carswell means drive out Georgia. mention because illustrates the desperation which these men have searched his record.


Article from The Macon Telegraph, August 30, 1926

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Article Text

G. H. CARSWELL TO SPEAK IN 17 COUNTIES (Continued from Page 1.) ty; 8 p. m., Blackshear, Pierce Coun- ty Thursday 10:30 a. m., Pearson: 3:30 p. Willacoochee, Atkinson County; m. Douglas, Coffee Friday: 10:30 a. m., Homerville, Clinch County: m., Statenville, Echols County. Saturday a. m., Ray City, Berrien County: p. m., Milltown, Lanier County. C. Leighton Shepard, Fort Valley lawyer, who also will take the stump in behalf of Mr. Carswell's candidacy. booked for the following addresses this week: Shepard's Dates Tuesday 10:30 m., Preston, Webster 3:30 p. m., Lumpkin, Stewart County: p. m., Cuth Wednesday 10 m., Georgetown, Quitman County: 3:30 p. Blakely. Early County: 8 p. m., Colquitt, Miller County Thursday 10:30 m., Newton. Baker County 3:30 p. m., Brewton, Mitchell County m., Lesburg. Lee Nunn Praises Carswell Sam A. Nunn, campaign manager for Mr. Carswell, declared yesterday that George H. Carswell, already honored the second highest of fice in the State as former president of the Georgia Senate, is eminently fit as man and citizen for promotion to the office of governor. Mr. Nunn declared that Mr. Carswell's public record qualifies him well to serve in that capacity "George Carswell belongs to distinguished family and bears its traditions worthily said Mr. Munn. "He is us who know him best plain man. born and reared in little country village-a man who has him all the elements of that line great of whom Georgia has been so proud. He is equally at home great leaders of the day the boys on the streets of He has always been leader in the county and in the State in promoting education. His sense of balance and love of progress endear him all those who love the schools and youth of Georgia. He is not noisy or spectacular in the cause of reform religion. but is always on the true religion and morality. His financial integrity, hold on the confidence our and sacrifice have helped to save more than one institution to depositors and stockholders. Georgia needs this sort of needs just such an example before our people. As governor he will belong to ring, no organization. no master except the people of Georgia.' Campaign Began at Irwinton "Mr. Carswell's campaign really began with meeting in his hometown. It was Mr. Carswell spoke few sort dedication his homefolks to the high purposes of his campaign The ovation they gave him when he finished was wonderful. The love and esteem in which every man, woman and child holds him reveals the kind of man he is. "Mr. Carswell made a statement that night that was one of the finest things ever heard from man who has been in public life 20 years or more. He said 'In all my service in both Houses of the Legislature, have never cast vote on any measure at any time of which my mother, my wife or my daughters would be ashamed. "Mr. Carswell has been president of the Irwinton Bank good many years. Three four years ago was discovered that the cashier had embezzled some $32,000. That started a run on the bank. It was serious situation. George Carswell hurried to the bank and stood in its front door before everybody. and reminded them that was official head of the bank, and pledged every dollar of property and other that he had as guarantee that nobody would lose nickel. It was one man against panic. But his homefolks heard him. They knew him. He asked that they give him time to work it out. And they trusted him. They turned and went home. Before the State Banking Department could get an auditor down there the of that bank had gone up from to $195, 000. Not one of those depositors lost dollar Irwinton Bank Strong "The Irwinton Bank was one of the chain of banks that were jeopardized recently by the Bankers Trust Company failure As you know, that failure caused the temporary closing of great many members of the chain. But the Irwinton Bank has never faltered one moment. is one of the few in the chain that did not close. His George Carswell brought it through. safe and sound Any contest for public office submits all candidates to white light of publicity on everything they have done. publicity and privately It is remarked that Mr Carswell's opponents have been compelled to admit by their silence the lack of anything to criticize in his record. The only charge that has been uttered against him that he burned some ballot boxes This has been planted here and there through Georgia on whatever looked like fertile ground by political hirelings, creatures of machine polities, of the Mr. Carswell means to drive out of Georgia. mention it because illustrates the desperation with which these men have searched his record. "That charge, of course, is easy to answer. The answer is that is untrue. have here affidavits from members of the Democratic exilkinson County in 1918 at the time of the Vinson Watson race for in that district, when the alleged burning of votes took place. Let me quote from of them, as many more as you like have here the affidavit H. Pennington, before H. Bacon, notary public in Wilkinson County, August 17. 1926. Pennington's Statement "Mr. Pennington swears, after preliminaries, took part in the consolidation of the returns at Irwinton. Ga., on the next day after the election. After we had consolidated all the returns, some members of the asked what we would do with the ballots and election papers. suggested that as it had been custom for years to burn them. we destroy these papers the same manner. This was done by the executive committee without being influenced by anybody. In some way the impression has gone out that Hon. George H. Carswell either indirectly had something to do with the burning of these papers. This is absolutely false and does him great injustice. Mr. Cars well was not present when the ballots were burned, and had absolutely nothing to do with the same. was supporter of Mr. Vatson, and know that the of the ballots was not done with any intention of in- juring Mr. Watson or anybody-else.' "A remarkable record! Twenty years of public life, and now unthe glare of statewide contest Mr. Carswell stands clean before his fellow Georgians. remarkable record and remarkable man Mr. Nunn reviewed Mr. Carswell's work for public education, stating that Mr. Carswell's interest in that subject began in his own young manhood when for time he taught school. Mr. Carswell was the author of the constiutional that made it obligatory upon the legislature to appropraite funds to state university and its branches, said Mr. Nunn. Mr. Carswell has first-hand knowl edge of the banking problems of Will Eliminate Waste "And he knows the intimate details of government. Mr. Nunn declared. "He knows the theory and the method of economiz ing upon the spending of public money. He tells you he will eliminate waste as governor of Georgia and he -because he can do that very thing Mr. Nunn praised Mr. Carswell's natural ability as being far above the average. He is leader, not follower the crowd, said Mr. Nunn. He has the courage do his duty. He was of the pioneers in Georgia's highways, and was the author of the amendment the state highways act which changed the original plan of few trunk roads to its present form of a network of county-site county site highways. Mr. Carswell's position is that with the elimination of waste and inefficiency in the highway department, and with the reorganization of that into a road-building division of the state gov. ernment instead of the political form has assumed, "the funds appropriated the highway department can made hard-surface two or three times as many miles of road per year as under the present chairman that board. "Thirty million dollars have been spent under the administration of Chairman John N. Holder,' said Mr. Nunn. "And Georgia has less than 500 miles surface roads to show for the money