State Savings Bank - Fontanelle, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: September 23, 1911
Location: Fontanelle, Iowa (41.290, -94.562)

Metadata

Model: gpt-5-mini
Short Digest: 3870bbe8

Response Measures

None

Description

Newspaper reports that payments at the State Savings Bank in Fontanelle were suspended because of insufficient funds to meet checks. The article (Evening Times-Republican, 1911-09-28) says payments were suspended at 4 p.m. on the preceding Saturday. No explicit run, receivership, or takeover is mentioned; reopening or permanent closure is not stated. I classify this as a suspension (no run) and — because no receivership or permanent closure is reported — as suspension_reopening, noting uncertainty about eventual outcome.

Events (1)

1. September 23, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Insufficient funds to meet checks caused the bank to suspend payments at 4 p.m.; indicates bank liquidity/solvency trouble.
Newspaper Excerpt: The action was precipitated by insufficient funds at the State Savings Bank to meet the checks, where payments were suspended at 4 o'clock in the afternon.
Source: newspapers

Newspaper Articles (1)

1. September 28, 1911 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, September 28, 1911

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Article Text

# Southern Iowa Items Council Bluffs. Coming to this city to act as witness-es to the wedding of their friends, C. J. Noyes of Biair, Neb., and Miss Carrie Rich of Plattsmouth, concluded to be married themselves. Davenport. Over $400 worth of gloves, comprising in all about 270 pairs, are reported as having been stolen from the Harned and Von Maur dry goods store within the past few days. Muscatine. Olga Freidrich, a 14-year-old girl who came from Russia a few months ago, was burned to death on the Theodore Getfert farm. She attempted to light a fire with kerosene when the oil exploded. Indianola. Within the next year the trustees of Simpson College expect to begin the erection of an auditorium to cost between $50,000 and $75,000. The building also probably will contain room for one or two college departments, which have outgrown their present quarters. Riverton. Monday of last week a force of thirty-five pickers was put to work in the Magel orchard near this place. Mr. Redshaw, the lessee, expects to harvest 12,000 barreis of apples. They are now shipping the barreled product from our depot at the rate of two carloads a day. Buxton Walter Phillips was seriously if not fatally hurt here Monday by a fall of slate. Both legs were crushed below the knees and may have to be amputated. He was rescued from under the fall by George Hastings, just as another fall of several tons came, which would have instantly killed him. Knoxville. Knoxville is celebrating homecoming week this week. President Taft will be the great attraction on Friday. Senator Kenyon spoke Tuesday afternoon and Ex-Senator Young Wednesday. John M. Emory will speak today. Governor Carroll will speak on Saturday, the closing day. Eldon. Moses Burkholder, a car repairer on the Rock Island track, was killed instantly about 4 p. m. Monday while on duty. The switch engine was pulling cars out of the repair track when a chain broke: The cars ran back and caught the man between them, crushing him to death. Panama. President D. L. Sullivan, of the Panama Savings Bank, fired a charge from a shotgun point blank at a robber who was trying skeleton keys on the front door of the bank between 12 and 1 o'clock Tuesday morning. The robber in turn fired two shots and disappeared. No further trace of the man has been discovered. Fontanelle. The Blue Grass Creamery Company suspended operations Saturday evening and went out of business so far as the management of the present firm of Stewart Bros., is concerned. The action was precipitated by insufficient funds at the State Savings Bank to meet the checks, where payments were suspended at 4 o'clock in the afternon. Avery. Avery now has a resident minister, who will occupy the Wesley M. E. parsonage here. He is the first resident minister Avery has had for some years. The new minister's name is Rev. M. E. Madrigal. The reverend preached to a good sized audience Sunday evening and delivered an able sermon. Avery looks forward for a good year, something the church has needed the past few years. Ottumwa. The resignation from the pastorate of the Second Baptist church formally offered Monday night to board of the church by Rev. J. Cornelius Reid. The board accepted the resignation and will recommend the church do likewise. Arrangements were made to pay Mr. Reid all money that will be raised Sunday to give him a note for the balance. This note will be paid at the earliest possible convenience by the church. Guthrie Center. Hon. John. W. Foster, and Hon. W. Weeks left Monday for Chicago where they went to attend the meeting of the International Good Roads Congress than convened in that city on 18th and continues until Oct. 1. Mr. Weeks is president of the river-to-river road thru Iowa, and in Mr. Foster has ar enthusiastic and practical promoter of good roads to assist him in the betterment and maintainance of that famous thoroughfare. Stanton. Wallace Larson busied himself Saturday shooting rats that infest the livery barn granary. Outsire the barn was Oscar Falk hitching up his team. With him was Adam, hostler at the barn. A bullet from the .22 caliber went thru the wall, hit a wagon that stood outside, and then glanced off and entered Mr. Falk's forearm. The remarkable part of it was that he was not aware of having been hit. It was only after he had driven some distance that he made the discovery. The bullet did not penetrate more than an inch but Mr. Falk still carries it in his arm. Beyond giving him a sore arm, it is not thought that he will suffer any inconvenience from the wound. Keokuk. Taxpayers pay $1.61 per week for every student enjoying a high school education in Keokuk, according to an estimate made by Secretary G. W. Barr and submitted to the school board at its monthly meeting. The figures on the part of Dr. Barr were not given as work by any means, but represented a week's work in digging out costs. The estimate was desired by the directors in order that the tuition for out-of-town pupils could be fixed with some degree of accuracy. The result is that the tuition was raised from 75 cents a week to $1.50, or just double what it has been in the past. There is a state Iowa law which permits pupils to go from a district having no high school to the nearest district in which there is a high school, and the expense of the tuftion must be paid by the district from which a pupil comes. In the case of a pupil coming from another state he must stand the expense himself. Thurman. While plowing E. S. McCandless on the hill just north of the hotel, H. Cook unearthed the skeletons of four adult persons and that of a child 10 or 12 years old. As found, the remains seemed to have been buried in one grave, as the bones were lying close together and only fourteen inches below the surface. They must have been there a great many years as most of the smaller bones had crumbled away. The lower jaw bones and fronal bone of the skull were the best preserved and the condition of the teeth of the adults, which were much worn, indicated that these had reached a ripe old age before being laid away. Some of the bones were taken to the drug store, where they have attracted a great deal of attention. The bones are undoubtedly those of Indians resident here long before the white men penetrated the wilderness this far west as none of the old timers who came here before remember. Indians left have any recollection of a burying ground located anywhere near where the bones were found.