6319. Terre Haute Trust Company (Terre Haute, IN)

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
da8fee59

Response Measures

Accommodated withdrawals

Description

Multiple newspaper reports (Feb 18, 1929) describe a run on the Terre Haute Trust Company after its president, James Royse Sr., shot and killed himself. The articles report heavy withdrawals (about $150,000 paid out) but the bank publicly stated it had plenty of cash and expected to weather the storm; no suspension, receivership, or closure is mentioned. Cause is classified as bank-specific adverse information (the president's suicide prompted depositor panic).

Events (1)

1. February 18, 1929 Run
Cause
Bank Specific Adverse Info
Cause Details
Run was triggered by the suicide of the bank's president, James (Jas.) Royse Sr., which prompted anxious depositors to withdraw funds.
Measures
Paid out approximately $150,000 in the first hours; public assurances that funds were coming from Indianapolis and that the bank was in good shape.
Newspaper Excerpt
paid out $150,000 in the first hours after the bank opened; We expect to weather the storm...we have plenty money coming
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.