Security National Bank (Sioux City, IA)

View Charter #3124 on SPMC View balance sheet

Episode Information

Episode UID
312401268
Episode Type
Run Only
Bank Type
national
Bank ID
31240 national
Charter Number
3124
Start Date
August 25, 1905
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e30bacbc89bd3780

Response Measures

None

Other: Bank responded by pursuing criminal libel charges and having the man arrested to stop the circulation of rumors that threatened to trigger a run.

Events (2)
1. February 16, 1884 Chartered
Source
historical_nic
2. August 25, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
An individual (C. C. Treadway) distributed posters claiming the bank could not pay (3 cents on the dollar), provoking a threatened run at noon.
Newspaper Excerpt
scattered posters in which he declared the $3,000,000 Security National bank ... could not pay 3 cents on the dollar.
Source
newspapers

Newspaper Articles (2)
1. August 25, 1905 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, August 25, 1905

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Article Text

TRIES TO WRECK SIOUX CITY BANK Treadway, Once Brilliant Lawyer, Almost Starts Run on the Security National. Special to The Journal. Sioux City, Iowa, Aug. 25.-With his gray locks trembling in a chill east wind, C. C. Treadway, who began practice of the law here in 1856 and is the dean of the Sioux City bar, stood on a principal street corner today and scattered posters in which he declared the $3,000,000 Security National bank, the largest bank in the city, could not pay 3 cents on the dollar. In a detailed statement above his own name he called upon every depositor to withdraw his money. The bank was threatened with a run at noon. W. P. Manley, president of the bank, swore out a warrant for Treadway's arrest for criminal libel. The aged attorney was arrested with a bundle of circulars in his hand. To the court he thundered in sarcasm: "Well, am I to be hanged?" Manley says this remarkable performance by Treadway may be the sequel of testimony given by himself recently in court in which he testified that Treadway's reputation was not the best. Treadway gave a bond for his appearance.

2. August 31, 1905 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, August 31, 1905

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Article Text

TRIES TO WRECK BANK. Treadway, Once Brilliant Lawyer, Almost Starts Run on Institution. SIOUX CITY, Iowa, Aug. 31.-With his gray locks trembling in a chill east wind, C. C. Treadway, who began practice of law here in 1856, and is the dean of the Sioux City bar, stood on a principal street corner today and scattered posters in which he declared the $3,000,000 Security National bank, the largest bank in the city, could not pay 3 cents on the dollar. In a detailed statement above his own name he called upon every depositor to withdraw his money. The bank was threatened with a run at noon. W. P. Manley, president of the bank, swore out a warrant for Treadway's arrest for criminal libel. The aged attorney was arrested with a bundle of circulars in his hand. To the court he thundered in sarcasm: "Well, am I to be hanged?" Manley says this remarkable performance by Treadway may be the sequel of testimony given by himself recently in court in which he testified that Treadway's reputation was not the best. Treadway gave a bond for his appearance.