4707. First National Bank (Zeigler, IL)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
12097
Charter Number
12097
Start Date
March 16, 1927
Location
Zeigler, Illinois (37.899, -89.052)

Metadata

Model
gpt-5-mini
Short Digest
3d458a5ec1a22895

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health

Description

Multiple contemporaneous newspaper dispatches (Mar 16โ€“17, 1927) report a threatened run on the First National Bank of Zeigler, Ill., driven by rumors. St. Louis air-mail pilot carried large cash shipments (reported $200,000 in most accounts; one report gives $26,000 likely OCR error) from a St. Louis First National to Zeigler to avert the run. No suspension, closure, or reopening is mentioned; officials repeatedly stated the bank was solvent.

Events (2)

1. January 17, 1922 Chartered
Source
historical_nic
2. March 16, 1927 Run
Cause
Rumor Or Misinformation
Cause Details
Circulated rumors by 'irresponsible persons' threatened depositor confidence, prompting emergency cash shipments.
Measures
Emergency cash shipment flown by air-mail pilot from First National Bank in St. Louis to Zeigler (reported $200,000) to bolster reserves and avert withdrawals.
Newspaper Excerpt
Philip R. Love, air mail pilot, yesterday carried a shipment of $200,000 in cash ... to Zeigler, Ill., to avert a threatened run on the First National Bank there because of rumors circulated by irresponsible persons.
Source
newspapers

Newspaper Articles (10)

Article from Morning Pioneer, March 16, 1927

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Article Text

St. Louis, mail airplane used the First National Bank today to rush money shipment said to have been more than $100,000 bank in Ziegler, III., which was threatened by heavy run. Buffalo N. were burn five of them seriously and possibly fatally in an dust at the plant of the au tomatic transportation company today.


Article from Evening Star, March 17, 1927

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Article Text

PLANE PREVENTS RUN. ST. LOUIS, March 17 (P).-Flying at a 100-mile-an-hour clip, Philip R. Love, air mail pilot, yesterday carried a shipment of $200,000 in cash from the first National Bank here to Zeigler, Ill., to avert a threatened run on the First National Bank there because of rumors circulated by irresponsible persons. Officials of both banks declared the Zeigler institution was in sound condition with resources of more than $1,000,000.


Article from Asheville Citizen-Times, March 17, 1927

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Article Text

Law Is Powerless To Aid This Crippled N. C. Girl $200,000 BY AIR SENT BANK FOR THREATENED RUN ST LOUIS March 16. hour Love, mail today shipment in cash from the First National Bank here Zeigler, III., avert threatened run on the First National Bank there rumors circulated by irresponsible per- Officials both banks clared Zeigler institution in condition with of more than 000.


Article from The Star Press, March 17, 1927

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Article Text

MAIL FLYER CARRIES $200,000 IN CASH TO AVERT RUN ON BANK St. Louis, March hour, Philip R. ing at 100 miles an Love, air mail pilot, today carried $200,000 in cash from shipment of National Zeigler, First National Bank the of rumors circulated because irresponsible persons. institutions deOfficials of Zeigler institution clared the resources of sound condition, than $1,000,000. more


Article from Press and Sun-Bulletin, March 17, 1927

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Article Text

Mail Flier Speeds to Avert Run on Bank St. Louis, March 17-(Assoclated Press) at a 100mile an hour clip, Philip R. carried a shipment of $26,000 in cash from the First National bank here to Zeigler, III., to avert a threatened run on the First National bank there because of rumors circulated by irresponsible persons Officials of both banks declared the Zeigler Institution was in sound condition with resources of more than $1,000.-


Article from The San Francisco Examiner, March 17, 1927

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Article Text

Plane Speeds Coin to Avert Run on Bank LOUIS, March at 100-milean-hour clip, Philip R. Love, air mail pilot, today carried shipment of $200,000 in cash from the First National Bank here to Zeigler, III., to avert a threatened run on the First National Bank there because of rumors circulated by irresponsible persons. Officials of both banks declared the Zeigler institution was in sound condition with resources of more than $1,000,000.


Article from Reading Times, March 17, 1927

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Article Text

IN CASH STOP RUN ON BANK LOUIS, March mile an hour clip, Philip Love, air pilot, today carried $200,000 in from First National here Zeigler, Ill., avert threatened the First National bank there because rumors circulated by persons.


Article from Lancaster Daily Intelligencer, March 17, 1927

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Article Text

PLANE CARRIES $200,000 TO AVERT RUN ON BANK St. Louis, March 17.-Flying at 100-mile-an-hour clip, Philip R. Love, air mail pilot, yesterday carried shipment of $200,000 in cash from the First National Bank here to Zeigler, III., to avert threatened run on the First National Bank there because of rumors circulated by irresponsible perOfficials of both banks declared the Zeigler institution was in sound condition. with resources of more than $1,000,000.


Article from The Knoxville Journal, March 17, 1927

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Article Text

Resort To Air Mail In Staving Off Run On Illinois Bank ST LOUIS. March 16 mile hour Philip R. Love, mail pilot, carried shipment $200,000 cash from First National here to to run the First tional there because of rumors circulated by irresponsible persons Officials of both banks declared the Zeigler sound resources of more than $1,000,000.


Article from The Twice-A-Week Times, March 29, 1927

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Here's How They Stand Today 4,068,300 MRS ERMA HOLLIDAY Rt 3. Louisiana 3,853,500 MRS GRACE SEIBERT. Louisiana 3,799,200 MRS FRED BERRY Louisiana 3,524,700 MR. RICHMOND SPENCER Louisiana 2,209,500 MR ROY PITZER Rt. 1. Louisiana 1,799,700 MRS MAURINE BURBRIDGE Louisiana 434,100 MISS MARY SMITH, Rt. 2. Louisiana 171,200 MISS EUGENIA CHRISMAN Louisiana Last Published Standing Totals above include credits polied up to o'clock Saturday Metal sudited count that the advisory board judges will was in the final count tomorrow The judges will morning whatever they Bad to the ballot box to the statement at credits of each candidate and in this find the Grand Total way which the will count the higher first be and the Circulation Campaign which the Twice Times been during the six and half will We will with eight members and each of them have been the Times all campaign who through had made have drop and all did ped the end to claim their not remain prize commission Do single credit that you could get between and row away from The grand well the other will in all as probability be by small the part of wisdom to every available credit before late Might have are of small when else driving the car away And above members not qualify this week because having subscriptions in of not two the The rule regarding report every week holds cash to the All have to good is to your with do the cash to them the box with your name : the As has been before. the box now the Mercantile Bank receive the envelopes at ready any time during regular banking hours which will be until 11 Wednesday No one can know what any other club member doing but you can assured that the really determined are moment from now until using every the the campaign collecting they can of credit The of credits Saturday night unusually heavy The their hardest work of didates did the campaign during the past week. Standing today on the threshold of victory with the thought of now members the Times campaign have entered the final lap of oppor tunity and offering the prospect of realization what may have been a dream up to this time Eleven o'clock morning now on the horizon and every tick of the clock brings nearer Kleven tomorrow morning will see Father Time on his in rapid flight that there way will be time catch breath before everything is over before the winners are acclaimed and the proud victors begin taking enjoyment in the prizes won These few remaining hours will pass all too and each club member should ask themselves the question of whether or not hard work will not be worth all the regrets in the world after the race is In these last remaining hours the club members are urged to not let their efforts wane. The winners will be those who stay on the job until the morning of March tomorrow before the club members to be won, and every hour is of utmost importance. Do not let or that destroy success-seize you It winter. is better to win the prize you desire million credits more than by than by few hundred thousand The the rand only short time away and yet there is sufficient time for any one the club mem to several more club credits and this would no doubt make lot of difference the prize would win If you can trust they your own judgment as to your com based facts and lay your plans PIKE COUNTY DAR'S. MET The Pike Chap of the Daughters of the 107 can were on March 25th at the home of West Georgia St. Stark and RATES Forsy were assigned as with Angle were unable be present on count of sickness Mrs. Lee presided and the Mrs. Angle was secretary pro the for Mrs. Byram Rule absent secretary representative American Legion Marsh in regard to Memorial Trees at the the legion and chapter tentative plan will formed plant trees honor our Several of these trees missing When the last count was made five of the memorial dead in memory Pike dier boys will be planted the place have The of keeping green the memory of our brave soldier boys is too beautiful not to touch responin every Pike county heart Goodman read did paper on Lafayette No three revolution not brighter or are of greater interest of that period in history than these three This nation has erected the capitol monuments to Daugh of the American Revolution have organized chapters bearing the names in of their noble Goodman's tribute to them one and well written A magnificent in American his tory Dorothy Agee member of come visitor vited to come to Pike county chapmeetings The hand was given to Peterson new member. whose papers have was made over the Quite looks and good behavior of Master fine lad and charming Bring the two The Mrs Angle served chocolate and plain cream. angel cake It was most pleasant meeting D. GETS THERE WITH MONEY Palmer son of Mr. and Mrs. of Calumet who is assistant president of the First National Bank of St. was called from Zeigler, II., last week for from the First National Bank of city to come run on the He took $200,000 in cash in an and an hour Palmer is making good in HOME FROM CALIFORNIA W. Stark returned this week