Article Text
INDIANA BANK CLOSED DOORS DURING A RUN Terre Haute, Ind., June 28.-The Vigo County Bank on which there has been a run for the past two days, closed its doors today. The national bank examiner is investigating.
5530. Vigo County Bank (Terre Haute, IN)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- June 27, 1905
- Location
- Terre Haute, Indiana (39.467, -87.414)
Metadata
- Model
- gpt-5-mini
- Short Digest
554e04787fc7d099
Response Measures
None
Description
Articles (June 27–28, 1905) describe a run triggered by announcement of a shortage by Cashier Conzman, followed by the bank closing its doors and an examiner investigating. Other banks assisted and demands were met during the run. No article indicates the bank reopened, so classification is run -> suspension -> closure.
Events (2)
1.
June 27, 1905
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Announcement of a shortage by Cashier Conzman (cashier shortage/possible embezzlement), which precipitated depositor withdrawals.
- Measures
- All demands for deposits were promptly met; other banking institutions transferred funds to assist; private individuals placed funds at disposal of the bank president.
- Newspaper Excerpt
- Following the announcement of the shortage of Cashier Conzman, a run was started on the Vigo county bank.
- Source
- newspapers
2.
June 28, 1905
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Closure followed the run triggered by the announced shortage of the cashier and ensuing loss of depositor confidence; examiner investigation noted.
- Newspaper Excerpt
- The Vigo County Bank on which there has been a run for the past two days, closed its doors today. The national bank examiner is investigating.
- Source
- newspapers
Newspaper Articles (3)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
BANK GIVES FORGED NOTES AS SECURITY Missouri Failure Uncovers Peculiar Financial Methods. CLINTON, Mo., June 27.-It is reported to-day, but not confirmed, that alleged forgeries of notes used by the closed bank of Salmon & Salmon as securities amounted to nearly $100,000. State Bank Examiner Cook declined today to indicate the amount of the forged notes. 'I cannot give the amount," said Cook. "The Kansas City State Bank, which lent $150,000 to the Salmon & Saimon Bank, holds $307,000 worth of securities of the Salmon Bank-more than sufficient to cover the loans, even after the straw notes have been deducted from that amount." TERRE HAUTE, Ind., June 27.When the doors of the Vigo County Bank opened this morning a number of depositors were in line to withdraw their money. The withdrawals continued steady, though in an orderly manner. DUNKIRK, N. Y., June 27.-The run started yesterday on the Lake Shore National Bank of Dunkirk has subsided. Less than a dozen persons were in line at the paying teller's window when the bank opened to-day.
Click image to open full size in new tab
Article Text
Run on a Bank. Terre Haute, Ind., June 27.-Following the announcement of the shortage of Cashier Conzman, a run was started on the Vigo county bank. A crowd of depositors that filled the bank SOOD gathered, and the line extended to the sidewalk. All demands for deposits were promptly met. The withdrawals continued until the regular closing hour, 3:30 o'clock. No estimate of the amount withdrawn has been made, but it is understood to be small. The largest individual depositor checked out was $8,000. Other banking institutions came to the assistance of the Vigo county bank and funds were transferred during the day to meet any possible contingency. Private individuals with heavy deposits in other banks withdrew their money and placed it at the disposal of President Hudnut.