Farmers Bank (Glidden, IA)

Episode Information

Episode UID
72071071374
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
private
Bank ID
7207107 routing
Routing Number
72-0710
Start Date
June 8, 1914
Location
Glidden, Iowa (42.057, -94.729)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b47a0ea214920487

Response Measures

None

Description

Articles report threatened run, immediate suspension and later references to receivers and liquidation.

Events (3)

1. June 8, 1914 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors that the bank was in poor shape led to a threatened run and heavy withdrawals.
Measures
President David Everts stated the bank would pay out in full; issued statement to depositors.
Newspaper Excerpt
Run on the Bank. GLIDDEN, Iowa, June 8.-The Farmers bank here ... closed its doors today following a threatened run.
Source
newspapers
2. June 9, 1914 Receivership
Newspaper Excerpt
The Farmers Bank ... closed its doors for liquidation, Monday, following threats of a run. (Later articles note receivers declared a dividend on the failed bank.)
Source
newspapers
3. June 9, 1914 Suspension
Cause
Rumor Or Misinformation
Cause Details
Threatened run (fueled by rumors of poor condition) and competition with another local bank forced suspension and liquidation.
Newspaper Excerpt
The Farmers' Bank of Glidden, a private institution ... closed its doors for liquidation yesterday. A threatened run on the bank is given as the cause of the suspension.
Source
newspapers

Newspaper Articles (12)

Article from The Daily Gate City, June 8, 1914

Click image to open full size in new tab

Article Text

Run on the Bank. [United Press Leased Dire Service.] GLIDDEN, Iowa, June 8.-The Farmers bank here, capital $50,000, and deposits $115,000, closed its doors today following a threatened run. President David Everts says the bank will pay out in full.


Article from Rock Island Argus, June 9, 1914

Click image to open full size in new tab

Article Text

IOWA BANK SHUTS DOORS Private Institution in Glidden Closes as Run is Threatened. Glidden, Iowa, June 9.-The Farm. ers' Bank of Glidden, a private institution, capitalized at $50,000, and having deposits of $115,000, closed its doors for liquidation yesterday. A threatened run on the bank is given as the cause of the suspension. David Everts, president, in a statement declared that the loss will not be heavy. Joseph Poder, cashier of the bank, asserted that there were no irregularities within the bank. Competition forced the private bank to suspendpayment, he said.


Article from The Day Book, June 9, 1914

Click image to open full size in new tab

Article Text

petine, jumping from moving auto. Dead. Bloomington, III.-Geo. Maloney, 38, went to sleep on 3d story window sill; fell; dead. Minneapolis.-Two masked, armed bandits boarded car. Beat Clarence Olson, bank messenger. Took $500. Quincy, III.-Ray Pfanschmidt, convicted quadruple murderer, will have ne wtrial at Macomb in September. Washington.-Conviction of Allen Botsford, Cincinnati, editor of society paper, the Owl, and sentence of 27 months in Leavenworth pen on the charge of mailing obscene matter confirem by Supreme Court. Glidden, la.-Farmers' Bank, capital $50,000, deposits $115,000, closed following threatened run. Meridian, Miss.-Three men fatally hurt. Boiler in Meridian Electric plant exploded. Washington.-Supreme Court sustained Missouri ouster of Harvester trust. Independence, la.-Jed Lake, 84, prominent politician and lawyer, dead. Independence, la.-Rex Shrined, 18, drowned. Manchester, la.-Mrs. Archie Legg, 30, dead, husband injured. Runaway team struck their auto. Ottumwa, la.-Searchers trying to locate body of John Bell, shot firer at Maple Mines, drowned while fishing. Washington.John resolution asking Pres. Wilson to appoint commission of five specialists to settle Colorado coal strike introduced in Congress by Rep. Keating and Sen. Owen. Report asked Dec. 1, 1914. New York.-One death, score of prostrations result heat yesterday. Madrid, Spain.-Theodore Roosevelt, ex-president U. S., arrived here yesterday. WashingtonSupreme_authority


Article from The Day Book, June 9, 1914

Click image to open full size in new tab

Article Text

OUTSIDE NEWS FROM WIRE AND CABLE Madison, Wis.-Mrs. Hrman Soratz New York-One death, scor and E. E. Parker burned when gasoprostrations result heat yesterda: line stove exploded. Will recover. Washington.-Supreme auth Tarrytown, N. Y.-Twelve "free of Congress over interstate o speech" prisoners released on bond. merce, and, if necessary to pro Trial June 12. that commerce from unjust disc Toledo, O.-W. S. Currier, governination, even over strictly inters ment weather forecaster, first heat commerce, declared in decision of victim; 92 degrees yesterday. preme Court in Shreveport rate 0 Detroit.-Edwin von Walden, CinMadrid, Spain.-Theodore Ro cinnati youth, sentenced to serve not velt, ex-president U. S., arrived less than 5, nor more than 10 years, yesterday. in Michigan reformatory. Held up New York.-Two boys caught night clerk Hotel Metropole. Madison Square Garden pleaded Washington.-Conviction Internapitifully they were released. L tional Harvester Co. of violating Kenropes showed how $2,000 jewelry tucky anti-trust laws and fines of $5,been stolen through roof. 000 each reversed by Supreme Court. Washington.-Supreme Court Ottumwa, la.-Hiram Davis, Comtained Missouri ouster of Harve petine, jumping from moving auto. trust. Dead. Independence, la.-Jed Lake, Bloomington, III.-Geo. Maloney, prominent politician and law 38, went to sleep on 3d story window dead. sill; fell; dead. Independence, la.-Rex Shri Minneapolis.-Two masked, armed 18, drowned. bandits boarded car. Beat Clarence Manchester, la.-Mrs. Archie Le Olson, bank messenger. Took $500. 30, dead, husband injured. Runa Quincy, III.-Ray Pfanschmidt, conteam struck their auto. victed quadruple murderer, will have ne wtrial at Macomb in September. Ottumwa, la.Searchers trying locate body of John Bell, shot fire Washington.-Conviction of Allen Maple Mines, drowned while fish Botsford, Cincinnati, editor of society paper, the Owl, and sentence of 27 THE MEXICAN SITUATION months in Leavenworth pen on the charge of mailing obscene matter Washington, June 9.-Carran: confirem by Supreme Court. reply to the invitation to particip Glidden, la.-Farmers' Bank, capin mediation is expected to be sen ital $50,000, deposits $115,000, closed the A. B. C. envoys today. Const following threatened run. tionalist representatives here ad Meridian, Miss.-Three men fatally that it accepts the invitation "on hurt. Boller in Meridian Electric own terms," and they wonder whe plant exploded. er the reply will be satisfactory the mediators. Washington. - Minority Leader Mann charged Rep. Rainey of Ill. on Declares everything is now rea floor of House of being "advertising for the drafting of the protocol. U agent of beef barons." commissioners have communicate Washington.John resolution askcounter proposal to the mediato ing Pres. Wilson to appoint comwhich differs in several respects fr mission of five specialists to settle the draft approved by Huerta, but atailso introduced in


Article from Evening Times-Republican, June 9, 1914

Click image to open full size in new tab

Article Text

GLIDDEN BANK CLOSED, Farmers Bank, Private Institution, Goes Into Liquidation. Glidden, June 9.-The Farmers Bank of Glidden, a private institution, failed to open for business yesterday. The bank had a capital of $50,000 and deposits to the amount of $115,000. Rumors that the bank was in poor shape, it is said. brought about a threatened run and this was given as the cause for the suspension of business. A statement has been issued by President D. Everts declaring that the affairs of the institution would be adjusted at once. He gave as his opinion that the losses sustained by depositors would be small but was unable to give an estimate as to their extent. Cashier Joseph Poder asserted that there were no irregularities, but that keen competition with other banks forced the Farmers' to liquidate. The news of the bank's closing created great excitement among the citizens here for nearly 50 per cent of the inhabitants had funds ranging from a small amount to as high as $3,000 on deposit. The books of the institution are in the hands of the officials and depositors are anxiously awaiting the news they have to make public.


Article from The Madison Daily Leader, June 10, 1914

Click image to open full size in new tab

Article Text

IOWA BANK'S DOOR CLOSED Institution at Glidden Unable to Withstand Competition. Glidden, Ia., June 10.-The Farmers' bank of Glidden, a private institution, capitalized at $50,000 and having deposits of $115,000, has closed its doors for liquidation. Competition with another bank in the same town forced the private bank to suspend payments, Joseph Poder, the cashier, said.


Article from The Bemidji Daily Pioneer, June 10, 1914

Click image to open full size in new tab

Article Text

IOWA BANK'S DOOR CLOSED Institution at Glidden Unable to Withstand Competition. Glidden, Ia., June 10.-The Farmers' bank of Glidden, a private institution, capitalized at $50,000 and having deposits of $115,000, has closed its doors for liquidation. Competition with another bank in the same town forced the private bank to suspend payments, Joseph Poder, the cashier, said.


Article from Montpelier Examiner, June 12, 1914

Click image to open full size in new tab

Article Text

Bank Closes its Doors. Glidden, Iowa.-The Farmers' Bank of Glidden, a private institution, capitalized at $50,000 and having deposits of $115,000, closed its doors for liquidation, Monday, following threats of a run.


Article from The Pioche Record, June 13, 1914

Click image to open full size in new tab

Article Text

Bank Closes its Doors. G'idder Iowa.-The Farmers' Bank of Glidden, a private institution, cap. Italized at $50,000 and having deposits of $115,000, closed its doors for liquidation, Monday, following threats of a run.


Article from Webster City Freeman, December 22, 1914

Click image to open full size in new tab

Article Text

Run on Bank Checked. Glidden, Ia., Dec. 22.-Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National bank began a run on that institution yesterday. The dividend on the defunct bank was declared last week. All the depositors who demanded their money yesterday were paid in full, and towards closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts.


Article from The Oskaloosa Herald, December 24, 1914

Click image to open full size in new tab

Article Text

Run on Bank Checked. Glidden, Dec. 22.-Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National bank began a run on that institution yesterday. The dividend on the defunct bank was declared last week. All the depositors who demanded their money today were paid in full, and toward closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts.


Article from Evening Times-Republican, December 24, 1914

Click image to open full size in new tab

Article Text

Davenport. The death by apoplexy of Alderman Bowden Sunday night takes the control of the city council from the republicans by the law of the Thirty-fifth general assembly, which allows the council to appoint a man to fill a vacancy in special charter cities. Des Moines. J. G. Raitt was arrested in Carl Smith's saloon Monday evening when the officer became suspicious of a subscription Raitt was taking up to send his wife to the hospital. At police headquarters Raitt was charged with obtaining money under false pretences. West Liberty. Mrs. Sarah Whitacre, 86 years of age, is confined to her home with a broken right hip, the result of a fall on the slippery sidewalk. Her son-inlaw, Ross Mountain, was assisting her home from church, and both fell. Mr. Mountain was uninjured, but could not prevent the full force of the aged lady's fall. West Liberty. After six months, the West Liberty Presbyterian church is to have a regular pastor, Rev. Robert McInturff, until recently the pastor of the church at Odebolt, has accepted a call to the local church and will begin his work here, the first Sunday in January. No regular services has been held in the church since the resignation of F. M. Dowlin last June. West Liberty. Shipments of live stock have been heavy from West Liberty, since the lifting of the quarantine a few days ago. Hogs have been especially strong although a large number of cattle. too, have gone toward Chicago. In spite of these shipments, however, many farmers still are feeding, in anticipation of a better market, following this first rush of stuff. Des Moines. Earl Kelso was slugged from behind, knocked off a wagon he was driving and robbed of $10 at 6:30 o'clock Monday night. A police surgeon was sent out when the first call came in that Kelso had been found lying unconscious beside the wagon. The police surgeon found there had been a spasm of the heart muscle and revived Kelso. Glidden. Because of the small dividend declared by the receivers of the Farmers' bank, which failed here last summer, a number of depositors in the First National Bank began a run on that institution yesterday. The dividend on the defunct bank was declared last week. All the depositors who demanded their money Tuesday were paid in full, and toward closing time the run ended, and some of those who had withdrawn their deposits began to reopen their accounts. Ottumwa. A petition entitled Mabel Fritchle vs. the Western Union Telegraph Company, has been filed with the clerk of the district court. In this petition the plaintiff seeks the sum of $2,000 as damages for the alleged negligence of the company in not sending a message dated at Ottumwa, Iowa, on Sept. 6, 1914, by the plaintiff to her sister,