First National Bank - Falmouth, KY

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 11947
Charter Number: 11947
Start Date: November 13, 1931
Location: Falmouth, Kentucky (38.677, -84.330)

Metadata

Model: gpt-5-mini
Short Digest: 7c61175b

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Article (Nov 13, 1931) describes depositors bringing large sums and an armored car delivering cash to the First National Bank of Falmouth after other nearby bank failures/closures. There is no mention of the Falmouth bank suspending or closing; the piece emphasizes confidence and taking in cash. Cause attributed to runs/closures at other local banks (including a Cincinnati National Bank closing) that prompted movement of funds.

Events (2)

1. March 17, 1921 Chartered

Source: historical_nic

2. November 13, 1931 Run

Cause: Local Banks
Cause Details: Depositors moved funds to First National after closing/failures of nearby banks (including a National Bank in Cincinnati and three county banks), prompting heavy cash deliveries.
Measures: Armored car delivered cash; armed guards carried money into the vault; officers/directors kept bank open and carried large cash reserves.
Newspaper Excerpt: The citizens directly Bank the closing National Bank had Cincinnati to Falmouth morning ... The First National Bank will deavor to take care the wants ... four armed guards and carried the money into the bank in sacks.
Source: newspapers

Newspaper Articles (1)

1. November 13, 1931 The Falmouth Outlook Falmouth, KY

Article from The Falmouth Outlook, November 13, 1931

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Article Text

THINK ABOUT IT The old saying that history repeats itself certainly proves the assertion be true in the following article which appeared in Harper's Weekly, Volume page 642. of the issue dated Oct. published during the panic years and republish show how the ago parallels the present business depres is gloomy moment in history Not many years in the lifetime most read pathere been so deep the this our country and panic, and thousands our poorest turned out against the approaching Winter and without the prospect of France political cauldron and bubbles Russia hangs dark silent upon the horizon of Europe: while sources and influences the British Empire are and coping the vast deadly with its disturbed relations China solemn moment no feel an indifference in the issue of events no the end They fortunately yet commercial only to lose money. and by taught wisdom. no man need seriously And yet the very haste to rich, which the casion this calamity has also tended to destroy the moral forces with which are to resist and destroy calamity friends, our conduct prove call to large their homes may open hands, however empty their In time of peril have but strong upon: and God now, by helping who he can, will blessed and beloved great light in After you have read this you will know that first that has visited the world, possibly not the worst. behooves every individual to present strong heart and have -faith in your country and faith yourself mankind Couple this ambition. clean thinking fair tion These are the only things that help turn tide. The citizens of Pendleton County going account the More $2,000,000 in deposits longing to people County up in three bank failures, the Pendleton Bank Fal mouth, the Butler Deposit Bank and the Dry Ridge Bank These funds will tied for many will necessarily great hardship on depositors clothing and the off and very little money sight to meet obligations The farmers crop this time 158 hay, but market this these The hope that the price will be one the cΓop of tobac. much ten cents the situation will be relieved to great extent, as will bring $500,000 into county The farmers have more feed than before Every silo filled and though price of milk is very low providing could not secured any other Every has any industry produced enough run his family for year. those need ready financial obligations are occupying peculiar and serious position. This pression has been with us for sixteen months appears to us that should be worn turn for the better take place. We have waited and upward turn, but every time somehoped through these months for thing happened more disastrous than any preceding thing. There is end lane we hope are end this and that the not piled too high clear by those who expected to This is world. wide, which makes the more difficult period prosperity has invariably depression this country We hope that history will repeat itself if any one left to tell the tale The Milam apple crop in Pendleton County fine the past the trees are becoming had surplus of these fine they from cents to bushel The Milam trees that are are all very old and hardly any living who planted any of these trees. When the this famous will pass out of existThe Milam the most serviceable apple grown here. claimed that the sprouts were brought by settlers from Virginia Milam apple an alldelightful eating apple fine for cooking, preserving. apple butter and cider. There is apple keeps any through tree is adapted our and and is some of the live to be 100 old. As matters now stand the tobacco pool has this year. The started too late to form an effective pool. From all the Kentucky growers, or great majority them, were in favor pool, but the growers in the other States were from the beginning. Without growers in Tennessee, Missouri, Indiana, Ohio West Virginia joining hands those Kentucky the pool would be fail- The smoke of the recent campaign has away and the voters in uncertain words have decided who conduct the State's af fairs Frankfort the next four years Democratic ticket has been given greater than has given any State ticket since Proctor Judge Ruby Laffoon promised rigid economy the State capitol. We believe that he honest and will make good the politicians do not much pressure. There horde of office seekers that will follow Judge Laffoon to Frankfort and we fear that too many promises have been made. Judge Laffoon will face the most serious situation that has ever been Governor in the past fifty The debt the present time amounts than $12,000.and the Frankfort are and in will be worse after the first January Legislature and this body does not the cut out all needless the State bankrupt not mood this time bond issue this vast floating values have been greatly county in State and smaller next many years Judge Laffoon entitled the hearty operation citizen that inaugurates and will along line Farm low ebb and pay their entirely too high from the fact above values Outlook Frankfort during all endorse Judge Laffoon's for The citizens directly Bank the closing National Bank had Cincinnati to Falmouth morning This money vault National Bank but that this bank no about out that day This showed the confidence bank enjoys crucial time. The First National Bank will deavor to take care the wants one until such when the every situation naturally be relieved expensive the First National Bank to carry this large amount cash, but has worth the price and the officers directors bank deserving high compliments their business judgment have ready any took place the of in front the First National Bank armored arrived four armed guards and carried the money into the bank in sacks. This that our had an opportunity armored car doing duty in Falmouth and received real kick this pile of money Members of the County Board of Education during the coming The board year an and running behind Each member the board will have his thinking conduct the schools within of Court of Appeals compels all school and city boards the and debts are looks that with 75-cent tax county board have use pruning make both ends meet understand new board is pledged to an economical ministration conducting the school affairs of the county. The First National Bank of this city brought out Falmouth of last an This money placed in the bank vault any run the bank This money never from its original packages, of this bank fectly well that their money safe. This does fact that citizens of Pendleton County do not have strong appetite for the green goods but this egg offered for free distribuHuman queer thing. In banks been nipped bud when the shown the cash. freely circulated in the city during recent election that the Taxpayers Ticket should that they would inaugurate plan save considerable money in different avenues. predicted that the members this ticket would bring bunch cattle and sheep from the country and the expense their by grazing them and bunch of would the garbage The profits the sheep hogs would into the common The will iety for this new idea to be For the first many years the will control the lower house of Congress and elect the Speakcoming session, which meets December. When the present Congress elected last the Republicans had majority, but since that time number the members have died and the Democrats have elected majority of these which them It strange but party overly the Congress, as legislation come that will either make or break of the old parties in the 1932 election. A Ford coupe bearing Bracken County license parked on Main Street Saturday that made us know that money scarce article. The frame was and body was supported 2x4 which were used for supports, bumper, trunk rack and springs. The gas tank was full and the driver was rarin to go. At this time the Federal GovernState the ment, county city governments and school are operating loss. amount indebtedness piling up against the tax payers by the tax with no relief sight only few instances The of Kentucky issuing this time and many counties and be the same boat the first of the The United year States Government is cutting the penses every dpartment Washington and also the appropriations for the army and navy, meet the presemergency. Local governments would be wise to follow suit and cut down unnecessary expense present business economic conditions country demand MENTOR arrived home Sunday from H the Sunday Mr R Daniel Mollie Columbus, Ohio, the Mrs Edgar KinTaylor Sprague and Mrs. sons Sunday Revel Jim Shepherd and son Day days her mother Kennedy left Sunday spend with Mr and Mrs Luther Brad Elsie and and Sophia Bryson has returned Mrs. Bartlow Rev Chiles filled his regular Sunday He Mr were the Kinney Mat our home of Bradbury Sunday family Mr and Percy Miss Belle Ruby Shaw Fullerton and Mrs. Sunday Callers attractive daughter Anna House Latonia Charles Ripley Harve Rouse and daughters On Sunday Nov Ohio, the day Mrs Shaw family Mr Mrs Kennedy and Roy Moreland son, Mr and Mrs Kennedy Mr and Dicken Jolly and sons, Audrey Mrs Arlie Williams, H. Bryson, Mr and Mrs Bartlow had most de. lightful time Mr and H. H. Bryson and Richard Bartlow motored to Peebles, Ohio, spent days with Mr. and Mrs. H. C. Markins and family.