6657. Bank of Leesville (Leesville, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 27, 1905
Location
Leesville, Louisiana (31.144, -93.261)

Metadata

Model
gpt-5-mini
Short Digest
ad2ff26d53605b55

Response Measures

None

Description

Two contemporary newspaper dispatches (Nov 27–28, 1905) report the Bank of Leesville did not open due to business ruined by a three-month yellow fever quarantine; several large lumber companies were forced into receivership after being unable to ship, and because they owed the bank large sums the bank was 'carried down.' No run is mentioned; the suspension appears driven by a local economic shock (disease/quarantine) and results in failure/receivership.

Events (2)
1. November 27, 1905 Receivership
Newspaper Excerpt
Three big lumber companies, with large assets, were forced into the hands of the receivers... and as they owed the bank large sums that institution was carried down.
Source
newspapers
2. November 27, 1905 Suspension
Cause
Local Shock
Cause Details
Three-month yellow fever quarantine cut the city off; major local lumber companies unable to ship were forced into receivership, owing large sums that carried the bank down.
Newspaper Excerpt
The Bank of Leesville, La., ... will not open its doors to day because its business has been ruined by the three months' quarantine which cut the little city off from the outside world.
Source
newspapers

Newspaper Articles (2)
1. November 27, 1905 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, November 27, 1905

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Article Text

YELLOW FEVER WRECKS BANK. Institution at Leesville, La., Fails Because of Quarantine. New Orleans, Nov. 27.-The Bank of Leesville, La., long one of the most prosperous institutions in certral Louisiana, will not open its doors to day because its business has been ruined by the three months' quarantine which cut the little city off from the outside world. Three big lumber companies. with large assets, were forced into the hands of receivers because they were unable to ship their products, and as they owed the bank large sums that institution was carried down.

2. November 28, 1905 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, November 28, 1905

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Article Text

VELLOW FEVER WRECKS BANK Institution at Leesville, La., Fails Be. cause of Quarantine. New Orleans, Nov- 28.-The Bank of Leesville, La., long one of the most prosperous institutions in central Louisiana, will not open its doors tomorrow because its business was ruined by the three months' quarantine which cut the little city off from the outside world. Three big lumber companies, with large assets, were forced into the hands of the receivers, because they were unable to ship their products, and as they owed the bank large sums of money that institution was carried down.