5527. Terre Haute Trust Company (Terre Haute, IN)

Bank Information

Episode Type
Run Only
Bank Type
trust
Start Date
February 18, 1929
Location
Terre Haute, Indiana (39.467, -87.414)

Metadata

Model
gpt-5-mini
Short Digest
3ac821ac4bf2b275

Response Measures

None

Description

Multiple articles (Feb 18, 1929) report a run on the Terre Haute Trust Company triggered by the suicide of its president James Royse Sr. The bank paid out large sums ($150,000) in the first hours but officials said they had plenty of cash and expected to weather the storm. No suspension, receivership, or reopening/closure is mentioned, so this is classified as run_only.

Events (1)

1. February 18, 1929 Run
Cause
Bank Specific Adverse Info
Cause Details
Run began after the bank's president, James (Jas.) Royse Sr., shot and killed himself (reported the previous day), undermining depositor confidence.
Measures
Paid out approximately $150,000 in the first two hours; public statements assuring depositors of ample funds and stability.
Newspaper Excerpt
We paid $150,000 in the first two hours after we opened,' Terhorst, secretary of the trust company said ... 'We expect to weather the storm, however, plenty of money coming from Indianapolis and are in good shape.'
Source
newspapers

Newspaper Articles (5)

Article from The Times, February 18, 1929

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Article Text

RUN ON BANK; PLENTY OF CASH TERRE HAUTE, Feb. started Terre Haute Trust company. banking here today, Sr. 56, shot killed himself yesterpaid out $150,000 in the first hours after Terhorst, secretary of the Trust company today. "We expect weather the howwe plenty money coming and we are shape." Terhorst said that line front of the bank when them the little fellows with small deposits," he Terhorst that the funeral of Royse will be afternoon burial in Mt. Pleasant cemetery here.


Article from The Times, February 18, 1929

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Article Text

RUN ON BANK; PLENTY OF CASH [INTERNATIONAL NEWS SERVICE] TERRE HAUTE, Ind., A started Terre Haute Trust company, today, whose James Royse, Sr. 56, shot and killed himself yesterpaid out $150,000 in the first hours F. Terhorst, secretary Trust today. expect weather the howplenty of money ing fro and are in Terhorst said that line of front of the when "Most them the little fellows small deposits," he Terhorst said that the funeral of Royse will be held afternoon with burial in Pleasant here.


Article from The Times, February 18, 1929

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Article Text

RUN ON BANK; PLENTY OF CASH TERRE HAUTE, started Terre Haute company, $10,000,000 today, whose Sr. 56, shot and killed himself yesterday. "We paid $150,000 in the first two hours Terhorst, the Trust company said 10 "We expect to weather storm, howwe have plenty money comfro and are Terhorst said that of anxlous depositors was in the when opened. "Most them the little fellows with small Terhorst that the funeral of Royse held noon with burial Mt. Pleasant cemetery here.


Article from The Times, February 18, 1929

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Article Text

RUN ON BANK; PLENTY OF NEWS SERVICE) TERRE HAUTE, Ind., Feb. run started the Haute Trust company, $10,000,000 banking institution, here today, whose Royse, Sr. 56, shot and killed himself yester- paid $150,000 in the first two hours after Terhorst, the Trust company today. "We expect to the storm, however, we plenty of money coming fro mIndianapolis and are in good shape." said that line of anxlous depositors was front the bank when opened. "Most them the little fellows small deposits," he Terhorst said that the funeral of Royse will be held afternoon with burial in Pleasant cemetery here.


Article from The Times, February 18, 1929

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Article Text

Start Run On Bank When Head Officer Commits Suicide TERRE HAUTE, Ind., Feb. run was started on the Terre Haute Trust Company, $10,000,000 banking institution, here today, whose president, Jas. Royse, Sr., 56, shot and killed himself yesterday. paid out the first two hours after we opened,' Terhorst, secretary of the trust company said at 10 m. today. expect to weather the storm, however, plenty of money coming from and are in good shape." BISHOP RESIGNS. MEXICO CITY, Ignor Antonio Guizar Valencia, Bishop of Chihuahua, has officially registered his residence with the goverment of the interior, precribed in the recent order of President Porter GII, was announced today. Monsignor Guizar Valencia is the bishop to date who complied with the presidential decree requiring all register or be declared priests rebel.