5574. Vincennes State Bank (Vincennes, IN)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
state
Start Date
April 12, 1920
Location
Vincennes, Indiana (38.677, -87.529)

Metadata

Model
gpt-5-mini
Short Digest
4287ff412d914075

Response Measures

None

Description

Multiple contemporary newspaper notices (April 1920) report a 'run' on the Vincennes State Bank, the bank closed its doors due to a shortage of cash and was reported likely to reopen within days. The articles do not give a concrete cause for the run beyond 'run' or 'shortage of cash', so cause is classified as 'other/unknown'. Reopening date is reported variably (papers of Apr 13 say reopening Friday Apr 16; Apr 19 paper says reopening Tuesday morning), so I record the predicted reopening (Apr 16) and note the slight discrepancy.

Events (3)

1. April 12, 1920 Run
Cause Details
Newspapers report a 'run' causing a shortage of cash; no specific trigger (rumor, correspondent failure, or bank-specific scandal) is given.
Measures
Bank closed its doors temporarily due to shortage of cash.
Newspaper Excerpt
the Vincennes State bank, which closed its doors after a run,
Source
newspapers
2. April 13, 1920 Suspension
Cause Details
Closure/suspension resulted from heavy withdrawals and shortage of cash after the run.
Newspaper Excerpt
Reports from Vincenness say the Vincennes State bank, which closed its doors after a run, probably will be reopened Friday.
Source
newspapers
3. April 16, 1920 Reopening
Newspaper Excerpt
After being closed due to a shortage of cash resulting from a run, the Vincennes state bank will reopen its doors Tuesday morning according to an official announcement.
Source
newspapers

Newspaper Articles (3)

Article from Indiana Daily Times, April 13, 1920

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Article Text

Reports from Vincenness say the Vincennes State bank, which closed its doors after a "run," probably will be reopened Friday.


Article from Indiana Daily Times, April 13, 1920

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Article Text

RIGHT HERE INDIAN Reform your boys or close the Y. M. C. A. This is what Judge C. H. Wills of Kokomo told Donald Hall, secretary of the Kokomo "Y." Hall was on the stand urging the prosecuition of a boy who stole $5 from another. Miss Jeanette Seletz of Bedford is again the winner of the high school discussion league contest and will represent that district in the state contest in Bloomington. Last year Miss Seletz tied for first honoirs in the state contest. Mrs. Emma Butcher of Elwood is asking divorce from her hushand, Joseph O. In her petition she recite)s that Butcher gave her a bottle of pota ssium arsen teiling her to take a spooinful after each meal. She also charges desertion. Caught with a suit case filled with thirteen pairs of women's shoes, S. J. Shacklin, a street carnival man, is under arrest in Bedford. Police say a freight car in the local yards recently was robbed. Formation of an overall and khakl club is in progress in Terre Haute. The men behind the move say prices must fall. Harris Brice, 62, railiroad crossing watchman for the Big Four in Terre Haute, was fatally hurte this morning when he fell on the tracks in front of a passenger train. Hรฉ offed three hours after the accident. Reports from Vincenness say the Vincennes State bank, which closed its doors after a "run," probably will be reopened Friday. Due to the railroad strike the Maxwell Motor Company of Newscastle has CUC its production schedule 50 per cent. Other industry throughou.


Article from The Richmond Palladium and Sun-Telegram, April 19, 1920

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Article Text

Indiana Brevities LAFAYETTE.-Mrs. H. P. Boyer, wife of a prominent local contractor, was perhaps fatally burned by a gas beater. Her clothes caught fire and her entire body was virtually cooked before members of the family extinguished the fire. ELWOOD-Attorney H. F. Willkie of this city will represent George Schwander, confessed murder of Joseph Kendall on the night of March 30. Mr. Willkie stated that the defense will enter a plea of insanity. GOSHEN-Loss of approximately $50,000 resulted when the wareroom of the Hawks Furniture company here was damaged by fire. LAFAYETTE-The law firm of Jones & Jackson has dissolved partnership. Ed Jackson, the junior member found it necessary to retire because of his duties as secretary of state. VINCENNES-After being closed due to a shortage of cash resulting from a "run," the Vincennes state bank will reopen its doors Tuesday morning according to an official anCouncement.