5638. North Side Bank (Evansville, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 22, 1931
Location
Evansville, Indiana (37.975, -87.556)

Metadata

Model
gpt-5-mini
Short Digest
857fd169

Response Measures

None

Description

Articles (Oct 22–23, 1931) report the North Side Bank in Evansville would not open for business and that its affairs were turned over to state examiners following runs and recent closures of other local banks (Lamasco, Lincoln, American Trust & Savings). The reports do not describe an explicit depositor run at North Side itself nor a reopening; no receivership is named. I classify as suspension_closure because the bank was suspended and turned over to examiners during a wave of local bank failures; outcome (permanent closure) is not explicitly stated in these clippings but suspension with likely failure is the most consistent interpretation.

Events (1)

1. October 22, 1931 Suspension
Cause
Local Banks
Cause Details
Closure came amid recent runs and closures of other Evansville banks (Lamasco Bank, Lincoln Bank, American Trust & Savings), prompting state examiners to take over affairs.
Newspaper Excerpt
The North Side Bank announced would not open for business today ... Decision to turn the affairs of the institution over to examiners of the State Banking Department.
Source
newspapers

Newspaper Articles (4)

Article from Evansville Courier and Press, August 12, 1931

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Article Text

NAME HOUSE RECEIVER PRIVATE PILOTS REQUEST CUT IN HANGAR RENTAL Reduction rental storage the hangar from 822 $15 month was quested of air board Monday number of owners of private Legal Notice of Vanderburgh July 7959 the matter Avenue North Side bank receiver The was taken under adPursuant order the visement by the board pending court Airways Market are have leased on the notified their claims hangar number have receiver before been using field on Outer Washing August, 1931 Claims ton after that avenue NORTH SIDE


Article from St. Louis Post-Dispatch, October 22, 1931

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OCTOBER 1931 PAGE WAY Burial of Thomas A. Edison at West Orange, BORNE Mrs. Hoover Among Small Group Admitted to Final Service in West Orange, Cemetery. GUARD OF HONOR PLACED AT TOMB Favorite Airs of Old Inventor Played at Simple Funeral Conductby Old Friends. the Associated Press. WEST ORANGE Oct. Alva Edison. inventor, buried dusk terday Rosedale Cemetery. His widow kissed the casket was about to be lowered into the grave, then placed upon white rosebud. Four hundred of his friends crowded the drawing Edison always called parlor" the Edison the simple The Rev. Dr. Stephen Herben read the service and spoke the prayer: and there the music of Bach and BeethoMrs. Edison. Mrs. Hoover. wife the President: Henry Ford and Harvey Firestone were the family group in room upstairs listening the services carried them by an amplifying Other friends presCharles M. Owen Young. Samuel Insull Adolph Ochs and Arthur Brisbane. Just before the funeral Col. Francois Pillon. officially reprethe French and his aid were ushered into the where Mr. Edison's body lay. They stood for moment at the bier then were taken upstairs to the of France to Mrs. Edison. Both were in full uniform. Funeral Service Simple. Mourners home entered while organ played "I'll Take Home Again, Kathleen." Its soft strains mingled with the crackle of pine logs the fireplace the Arthur Walsh, business assoclate, played "Little Grey Home the on the violin. and "Kathleen" were the favorites and they were among the first songs made on the phonograph he created. Then there music by of which Mr. Edison fond. The Rev. Dr. Herben, former pastor of the Methodist Episcopal Church of Orange read the 23rd Psalm, then am the and the he that believeth Me, though he die, yet shall he Dr. Herben Dr. Lewis Perry of Exeter Academy, read tribute, written by Arthur Palmer, an old associate of Mr. Edison. has led no armies into batsaid Palmer's tribute. conquered no countries. He has enslaved no peoples. Yet, he wields power the magnitude of warrior ever dreamed. Friend Calls Him Superman. devotion more scope, more any other living devotion rooted deep in human gratitude, and by bias race, religion kindly, modest being Mas bestowed upon the hu man blessings of bondinstead of instead of conquest. of breadth world aspect comprehends peoples rather than people, masses rather than men. that great restless, surging tide of creatures, that mighty human glacier pressing irresistibly toward horizon of civilization. the passionate pursuit of material truths and their conversion into practical, usable, beneficent forms, civilization has never seen of this man, this superdefies what more can be said: What greater tribute paid than Perry offered Walsh played "Now the Day Alexander Russell accompanied him on the large crowd waited expectantthe main gate Llewellyn but an escort of motorcycle police the funeral procession the winding, roads exit. The streets leadto the cemetery were crowded people. Guard of Honor at Grave. The body into the 5:50 o'clock. Beside magnolia from President Hoover, plain orchids from Mrs. Hoover, wreath from spray Ford. of goldenrod from Henry Six State troopers in light blue and blue attention on either side, there remain guard of honor relieved. the watch to cease 48 hours. Mrs. who was present the burial, returned once to Washington. Mr. Hoover had been unable to held in Washby pressing affairs Founded in Depository 1866 Had Suspension Ind. the Associated Press. COLUMBUS, Oct. Ohio banks turned over to the State Banking Department today for liquidation. They were the George D. Harter Bank Co. of Canton. the City Bank Trust Co. of Alliance, the Ohio Merchants "Trust Co. Massillon and the Farmers Citizens Bank of Monroeville. Frozen assets given by the State Banking Deartment to be the reason in each case. The George D. Harter Bank, Canton's largest, had assets Sept. Its capital stock and its surplus 500,000. Deposits totaled $19,It had been in business since 1866. Fourth Bank Suspension in Two Weeks Evansville, Ind. Ind., Oct. The North Side Bank announced would not open for business today fourth Evansville bank to close its doors in two to turn the affairs of the depository over examiners the State Banking Department followed the closing yesterday afternoon of the Lamasco Bank. run the Lamasco Bank was attributed the closing two weeks ago of the Lincoln Bank and of American Trust Savings Bank Monday. Officers both of the Lamasco Bank and of the North Side Bank expressed belief depositors would be paid in full. withdrawing Japanese troops from Manchuria. The five fundamental points, which had been received in Nanking with indignation, but were said to have given consideration Geneva. where the League of Nations Council is studying the Far Eastern crisis, were announced as follows: Japan and China shall mutualpledge and guarantee one another's territorial tegrity. All forms of propaganda. including the antiJapanese boycott, shall be abandoned. China shall give assurances for the safety of Japanese lives and property Manchuria. An agreement shall be reached eliminating competition on the China recognize existing treaty rights, including the quesHon of Japanese and Korean land leases in Manchuria. Tokio heard reports that Gov. Chang of Manchuria had approached Moscow in the hope of interesting Russia in protecting his interests, promising them certain North Manchurian economic concessions in return. Official circles here today termed the basic demands reputedly submitted by China to the League of Nations Council. Press said Dr. Alfred Sze, Geneva. had the demands as an aide memoire to Aristide acting president of the League Council. Nothing had been heard about them here from Kenkichi Yoshizawa, Japan's League reported by the press, the Chidemands were: Direct negotiations based on the evacuation of Japantroops from the northern areas of Manchuria. (2) neutral to determine the extent of Japanese military activities. (3) Japan to make reparation payments for damages inflicted during occupation. (4) Establishment of permanent conciliation and arbitration board adjust differences between the two nations.


Article from The Cincinnati Enquirer, October 23, 1931

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Article Text

EVANSVILLE BANK SUSPENDS. The North Side Bank It would not open for business today the fourth Evansville bank to close doors in two Decision to turn the affairs of institution over to examiners of the State Bank ing the closing yesterday of the Lamasco Bank run on the Lamasco Bank was attributed by officials to the closing two ago the Lincoln Bank and of the American Trust & Savings Bank Monday. Officers both of the Bank and of the belief depositors would be paid in full.


Article from The Cincinnati Enquirer, October 23, 1931

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Article Text

EVANSVILLE BANK SUSPENDS. Evansville, Ind. October 22-(AP)The North Side Bank announced it would not open for business todaythe fourth Evansville bank to close its doors in two Decision to turn the affairs of the institution examiners of the State ing Department the closing yesterday of the Lamasco Bank. run on the Lamasco Bank was attributed by officials to the closing two weeks ago of the Lincoln Bank and of the Amer Trust & Bank Monday. Officers both of the Lamasco Bank and of the North Side Bank belief depositors would be paid in full,