3449. First National Bank (Glidden, IA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4814
Charter Number
4814
Start Date
December 22, 1914
Location
Glidden, Iowa (42.057, -94.729)

Metadata

Model
gpt-5-mini
Short Digest
c4b2d028

Response Measures

Accommodated withdrawals

Description

On Dec 22, 1914 a run occurred at the First National Bank in Glidden triggered by a small dividend declared by receivers of the locally failed Farmers' Bank. Depositors were paid in full and many reopened accounts same day; no suspension or receivership of First National is reported.

Events (3)

1. November 10, 1892 Chartered
Source
historical_nic
2. December 22, 1914 Run
Cause
Local Banks
Cause Details
Small dividend declared by receivers of the locally failed Farmers' Bank prompted depositor fears and withdrawals from First National Bank.
Measures
All depositors who demanded their money were paid in full; some reopened accounts same day.
Newspaper Excerpt
Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National bank began a run on that institution yesterday. All the depositors who demanded their money yesterday were paid in full, and towards closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts.
Source
newspapers
3. February 28, 1935 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from Webster City Freeman, December 22, 1914

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Article Text

Run on Bank Checked. Glidden, Ia., Dec. 22.-Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National bank began a run on that institution yesterday. The dividend on the defunct bank was declared last week. All the depositors who demanded their money yesterday were paid in full, and towards closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts.


Article from The Oskaloosa Herald, December 24, 1914

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Article Text

Run on Bank Checked. Glidden, Dec. 22.-Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National bank began a run on that institution yesterday. The dividend on the defunct bank was declared last week. All the depositors who demanded their money today were paid in full, and toward closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts.


Article from Evening Times-Republican, December 24, 1914

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Article Text

Davenport. The death by apoplexy of Alderman Bowden Sunday night takes the control of the city council from the republicans by the law of the Thirty-fifth general assembly, which allows the council to appoint a man to fill a vacancy in special charter cities. Des Moines. J. G. Raitt was arrested in Carl Smith's saloon Monday evening when the officer became suspicious of a subscription Raitt was taking up to send his wife to the hospital. At police headquarters Raitt was charged with obtaining money under false pretences. West Liberty. Mrs. Sarah Whitacre, 86 years of age, is confined to her home with a broken right hip, the result of a fall on the slippery sidewalk. Her son-inlaw, Ross Mountain, was assisting her home from church, and both fell. Mr. Mountain was uninjured, but could not prevent the full force of the aged lady's fall. West Liberty. After six months, the West Liberty Presbyterian church is to have a regular pastor, Rev. Robert McInturff, until recently the pastor of the church at Odebolt, has accepted a call to the local church and will begin his work here, the first Sunday in January. No regular services has been held in the church since the resignation of F. M. Dowlin last June. West Liberty. Shipments of live stock have been heavy from West Liberty, since the lifting of the quarantine a few days ago. Hogs have been especially strong although a large number of cattle. too, have gone toward Chicago. In spite of these shipments, however, many farmers still are feeding, in anticipation of a better market, following this first rush of stuff. Des Moines. Earl Kelso was slugged from behind, knocked off a wagon he was driving and robbed of $10 at 6:30 o'clock Monday night. A police surgeon was sent out when the first call came in that Kelso had been found lying unconscious beside the wagon. The police surgeon found there had been a spasm of the heart muscle and revived Kelso. Glidden. Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National Bank began a run on that institution yesterday. The dividend on the defunct bank was declared last week. All the depositors who demanded their money Tuesday were paid in full, and toward closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts. Ottumwa. A petition entitled Mabel Fritchle vs. the Western Union Telegraph Company, has been filed with the clerk of the district court. In this petition the plaintiff seeks the sum of $2,000 as damages for the alleged negligence of the company in not sending a message dated at Ottumwa, Iowa, on Sept. 6, 1914, by the plaintiff to her sister,