Leadore State Bank - Leadore, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 3, 1917
Location: Leadore, Idaho (44.680, -113.358)

Metadata

Model: gpt-5-mini
Short Digest: a0e680e3

Response Measures

None

Description

Article (The Idaho Recorder, 1917-08-03) refers to the Leadore State Bank as 'defunct' and discusses receivers, dividends being paid and that the bank never was truly insolvent; this indicates the bank suspended and was placed in receivership and remains closed. No contemporaneous run is described. The text implies cashier misconduct/adverse bank-specific information ('The simple ousting of a cashier would have kept intact...'), so cause classified as bank-specific adverse information. Exact suspension/closure date not given; receivership and dividend payments are reported on 1917-08-03.

Events (2)

1. August 3, 1917 Receivership

Newspaper Excerpt: We are informed that another dividend is forthcoming from the Leadore State bank (defunct.) ... Receivers, attorneys, court costs and sacrifices is like throwing good money into the Lemhi river.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article implies internal misconduct or cashier problem (ouster of a cashier would have saved the bank); led to failure and closure.
Newspaper Excerpt: We are informed that another dividend is forthcoming from the Leadore State bank (defunct.) ... for the one time little bank that never was truly insolvent.
Source: newspapers

Newspaper Articles (1)

1. August 3, 1917 The Idaho Recorder Salmon, ID

Article from The Idaho Recorder, August 3, 1917

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Article Text

# LEADORE NOTES. Salmon fishing (or spearing) is not as good this season as in former years in the upper Lemhi. Mrs. Charles Lee, sister-in-law of Mr. and Mrs. John Yearian of Junction, is visiting from Butte. The hum of the Friedorff saw mill is certainly pleasing music to the industrial element of Leadore. Mr. and Mrs. J. D. Lunney with sons, Masters Earl and Sammy, are visiting in Bannock this week. Mr. and Mrs. "Billy" Castle have about completed arrangements for their auto trip to San Diego, Calif., at which place reside their many relatives. William Waugh came back from Butte Sunday whistling "No Wedding Bells for Me." At this stage of life's game it's patriotic on the part of Willie. There is nothing of importance connected with Dr. Hart's this week's weekly trip to Salmon. (Note -Leave standing this item until forbid.) Mr. and Mrs. Charles Denny, Clarence Pyeatt and Mrs. Fred Chase returned Tuesday from their Yellowstone park auto trip. All report a fine time. Bohannon Springs, hot and proclaimed of curative power, is a fine 8-mile auto drive from Leadore. It's a new resort that many are taking advantage of. The 32,000-mile Ford of the Klingers was headed Yellowstone park way Wednesday morning. Their destination will be Kansas. Thence a southern route to California. Lemhi? Well, perhaps, later. Alex Cruickshank, the contributor to the Pioneer's column, used carbolic acid by mistake for an eye lotion. Though his eye lids were badly burned Mr. Cruickshank does not believe that his eyesight is impaired. W. H. Boomer, accompanied by his wife, was up Saturday inspecting road work on Leadore-Gilmore contract. Your correspondent believes that bad road complaints at this time are premature. Wait until completion. The Pearce-Penard celluloid picture show, probably the greatest road entertainers (of seven in number) in northern Idaho have been playing the upper towns of the Lemhi and today pull for May and Challis. Their pictures are the best ever seen in Leadore. Prof. Robert Bradford of the University of Utah, accompanied by G. W. Holmberg have been in Leadore the greater part of the week and as experts have given the Leadville and adjoining properties the "once over." The gentleman admitted the very interesting period of development by the present mine holders, the Sunset company. We are informed that another dividend is forthcoming from the Leadore State bank (defunct.) At least 20 per cent if not another 30 will bring the total paid close to "dollar for dollar" for the one time little bank that never was truly insolvent. Receivers, attorneys, court costs and sacrifices is like throwing good money into the Lemhi river. Depositors and stockholders alike could have saved the day. The simple ousting of a cashier would have kept intact the much needed depository for Leadore and vicinity. Why should the flea annoy the elephant or in comparison why should the G. & P. corporation worry over an alleged competition of automobile stages between Salmon and Armstead or else the railroad would have long since inaugurated a rail auto service in handling both mail and passengers on the every other day that is not now supplied by the company. The inspection of a 6-passenger speeder in the G. & P. shops at Leadore the other day and the gleaning of some advanced ideas of coming events we are convinced that the rail auto will be inaugurated in the near future. The Sunset people are jubliant over the present showing of ore found at the very deepest development work in the Leadville mine. Five hundred feet vertical depth on the 35 degree incline vein is now attained and as the drift is carried east still greater depth is gained with shutes of ore encountered that have in the past made the old Junction mine famous. The most interesting part of mine development, however is in the shaft that was started this week in the drift of the lower workings for it is the contention of the best mining men and geologists that at or near the water level large bod