Farmers' bank - Metcalf, IL

Bank Information

Episode Type: Suspension → Run → Reopening
Bank Type: state
Start Date: August 1, 1905*
Location: Metcalf, Illinois (39.801, -87.807)

Metadata

Model: gpt-5-mini
Short Digest: f35f7334

Response Measures

None

Other: President absent caused one-day closure; reopening triggered brief run, funds largely returned.

Description

Multiple papers report the Farmers' Bank in Metcalf (sometimes spelled Metcalfe). The bank failed to open its doors Saturday because of the absence of the president (temporary closure), then resumed business on Sept 1; the reopening triggered a run but most withdrawals were returned the same afternoon. Cause of the suspension was the president's absence (a temporary, voluntary closure).

Events (3)

1. August 1, 1905* Suspension

Cause Details: Bank failed to open due to absence of the president (temporary, voluntary closure)
Newspaper Excerpt: which failed to open its doors Saturday because of the absence of the president, John L. Gobin
Source: newspapers

2. September 1, 1905 Reopening

Newspaper Excerpt: resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.
Source: newspapers

3. September 1, 1905 Run

Cause Details: Run triggered by concern following the bank's prior failure to open (reopening acted as signal)
Measures: No special measures reported beyond resumption of business; many deposits were returned same afternoon.
Newspaper Excerpt: The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.
Source: newspapers

Newspaper Articles (4)

1. September 6, 1905 Vernon County Censor Viroqua, WI

Article from Vernon County Censor, September 6, 1905

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Article Text

Closed Band Reopens. Metcalfe, III., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business yesterday. The opening of the doors was the signal for a run which continued for a time. Much of the money withdrawn was returned to the bank in the after noon.

2. September 6, 1905 New Ulm Review New Ulm, MN

Article from New Ulm Review, September 6, 1905

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Article Text

Bank Resumes. Metcalf, Ill., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.

3. September 7, 1905 Warren Sheaf Warren, MN

Article from Warren Sheaf, September 7, 1905

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Article Text

Bank Resumes. Metcalf, Ill., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.

4. September 8, 1905 The Ely Miner Ely, MN

Article from The Ely Miner, September 8, 1905

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Article Text

Bank Resumes. Metcalf, Ill., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.