Farmers & Merchants Bank - St Francisville, LA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 30, 1914
Location: St Francisville, Louisiana (30.780, -91.377)

Metadata

Model: gpt-5-mini
Short Digest: 4df1181c

Response Measures

None

Description

Article (Oct 10, 1914) reports the Farmers & Merchants Bank listed in liquidation on the parish financial statement for quarter ending Sept. 30, 1914. No run is described. The bank appears closed/in liquidation; reopening is mentioned only as a conditional possibility by an individual (Mr. Gottlieb), not confirmed. Classified as suspension leading to closure (voluntary liquidation).

Events (1)

1. September 30, 1914 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank listed as 'in liquidation' on parish financial statement for quarter ending Sept. 30, 1914; implies voluntary liquidation or winding up of operations rather than a depositor run or government seizure.
Newspaper Excerpt: Feliciana Bank and Trust Co., (in liquidation) Farmers and Merchants Bank, (in liquidation)
Source: newspapers

Newspaper Articles (1)

1. October 10, 1914 The True Democrat Saint Francisville, Bayou Sara, LA

Article from The True Democrat, October 10, 1914

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Article Text

The School Board of West Feliciana Parish met Wednesday, October 7, 1914, with all the members present. Board was called to order by Président J. P. Bowman. The minutes of the previous quarterly meeting and the minutes of the two meetings of the Executive Committee of the Board were read and approved. Superintendent Crump read his quarterly report to the Board. It was received and approved. The report reads as follows: Superintendent's Quarterly Report. For Quarter Ending Sept. 30, 1914. To. the School Board of West Feliciana Parish: In compliance with the law I beg leave 'to submit the following report upon the condition of the schools for the quarter ending September 30, 1914. FINANCIAL STATEMENT. Receipts During Quarter. Balance on hand July 1, $ 389.07 1914 4.75 Received from poll tax $ 219.54 Fines and forfeitures 500.00 Municipal appropriation 84.00 Incidental fees Total receipts during the 808.29 $ 808.29quarter Total (balance and re$1,197.36 deipts) Disbursements During Quarter. $ 25.00 Teacher's salary, colored 250.00 Superintendent's salary. Board Members$ 13.55 Mileage 43.55 30.00Per Diem 30.00 Expense, Supt.'s office Miscellaneous5.94 I Postage 2.56 Express 3.60 Supplies 1.50 Telephone 6.67 Interest 25 Telegram 40 Box rent 520.92 500.00Payment on note $ 869.47 327.89 Balance close of quarter $1,197.36 Grand total Credit balance accounted for as follows: Feliciana Bank and Trust Co., (in $ 218.25 12 liquidation) Farmers and Merchants Bank, (in 81.95 liquidation) Cash on hand (Treasurer's cer27.69 tificate) $ 327.89 Total It will be seen from this statement that the amount of actual available cash on hand is $27.69. This week closed the first month of school and we have obligations to meet to the amount of $2,000.00. The Finance Committee of the Board has authorized Mr. C. H. Argue to borrow this sum at once and other sums as needed. We have been assured by Mr. Gottlieb that in case the Farmers and Merchants Bank is reopened here by him that he would take care of our financial needs until the first of January. NUMBER OF WHITE SCHOOLS. There are in operation in the parish a total of eleven white schools with twentytwo white teachers. These schools, with one exception, have been running satisfactorily since Sept. 14. The one excep-