Bank of Vacherie (Vacherie, LA)

Episode Information

Episode UID
84024271368
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8402427 routing
Routing Number
84-0242
Start Date
December 12, 1913
Location
Vacherie, Louisiana (30.011, -90.720)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4bceaaecca123165

Response Measures

None

Description

Articles state the bank suspended and is in hands of the State Banking Department, implying failure/closure.

Events (1)
1. December 12, 1913 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Excessive/unsecured loans (large mortgage and loan exposure to Weber-Steib planting interests).
Newspaper Excerpt
The Bank of Vacherie ... has suspended business and is in the hands of the State Banking Department.
Source
newspapers

Newspaper Articles (5)
1. December 12, 1913 The Caldwell Watchman Columbia, LA
Article from The Caldwell Watchman, December 12, 1913

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Article Text

VACHERIE BANK SUSPENDS Excessive Loans Said to Have Been Cause of Failure. Western Newspaper Union News Service. Donaldsonville.-The, Bank of Vacherie, organized in 1911, and located at Vacherie Station, in St. James frish St. Patrick Postoffice, has (Truspended business and is in the hands of the State Banking Department. Excessive loans are said to be the cause of the failure. The bank holds mortgage papers of the Weber-Steib planting interests of Vacherie to the extent of over $30,000, it is said. These same parties had loans amounting to $90,000 with the Bank of Donaldsonville, which suspended business November 22. The officers of the Bank of Vacherie are Ulysses Stelb, president; J. B. F. Baudry, vice president, and Edward W. Follet, cashier.

2. December 13, 1913 The Madison Journal Tallulah, LA
Article from The Madison Journal, December 13, 1913

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Article Text

VACHERIE BANK SUSPENDS Excessive Loans Said to Have Been Cause of Failure. Western Newspaper Union News Service. Donaldsonville.-The Bank of Vacherie, organized in 1911, and located at Vacherie Station, in St. James Parish, St. Patrick Postoffice, has suspended business and is in the hands of the State Banking Department. Excessive loans are said to be the cause of the failure. The bank holds mortgage papers of the Weber-Steib planting interests of Vacherie to the extent of over $30,000, it is said. These same parties had loans amounting to $90,000 with the Bank of Donaldsonville, which suspended business November. 22. The officers of the Bank of Vacherie are Ulysses Steib, president; J. B. F. Baudry, vice president, and Edward W. Follet, cashier.

3. December 18, 1913 Cheraw Chronicle Cheraw, SC
Article from Cheraw Chronicle, December 18, 1913

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Article Text

& Alton Railroad has The L. granted a $30,000 annual wage increase to its 1,200 shop employes. William H. Clarke, a noted organ builder and author, is dead at Reading Pa. He was 73 years old. A new steel plant, which will employ 1,200 men, will be established at Easton, Pa., at a cost of $2,000,000. "Jack" Geraghty, former chauffeur and now husband of Julia Estelle French, was elected an alderman of Woodburn, Mass. The Bank of Vacherie, La., with a capital of $15,000 and deposits of $40,000, closed because of unsecured loans. Representative Porter of Pennsylvania introduced a bill, proposing a new $4,000,000 postoffice for Pittsburgh. Mrs. Ella Flagg Young, former superintendent of schools, is likely to become candidate for mayor of Chicago. The New York Board of Estimate appropriated $10,000 to aid special highways and canal graft investigations. George Miller, 12 years old, was awarded a verdict of $1,000 in New York for injuries received when run over by a horse and wagon. The Postoflice Department decided to restore magazines and periodicals to mail service in January instead of transporting by fast freight. H. H. Powers, former Congressman and father of Vermont's Chief Justice, is dead at Morrisville, Vt., aged 78 years. The expenses of Boston for the ten months just ended, amount to $17,411,349, an increase of $964,626 over the same period last year. The famous mint bed behind the White House at Washington, has been destroyed and an evergreen tree put in its place. Nelson Sharp was electrocuted at Auburn, N. Y., for killing a policeman at Rochester, N. Y., in May 1912. He declared his downfall was due to drink. Secretary of War Garrison's first annual report urged the necessity for a strong militia reserve. Dr. Richard Cowen, of London, -deAnti-Vivisection Congress nied at that vivisection was an aid to surgery. The New York, New Haven and Hartford Railroad suspended payments to its 21,716 stockholders after an unbroken record of more than forty Frank A. Munsey denied the Treas ury Department had shown favoritism to him in the absorption of the United States Trust Company by the Munsey Trust Company. Kansas has 1,200 successful women farmers. Fire caused a loss of $500,000 at Cohoes, N. Y. The rim of Gatun Lake at the Panama Canal will be raised to 105 feet above sea level. Senator Jones introduced a bill proposing a $3,000,000 dry dock at Puget Sound, Wash. The new charter of Kansas City, Mo., is likely to provide for a commission government. Dr. William B. Craig, was acquitted of the murder of Dr. Helen Knabe, at Indianapolis, on October 23, 1911.

4. December 19, 1913 The Penn's Grove Record Penns Grove, NJ
Article from The Penn's Grove Record, December 19, 1913

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Article Text

General Pittsburgh will have a "Municipal Christmas Tree." Mayor Kline forbade the use of "ticklers" on New Year's Eve. More than $6,000,000 damage was done by the recent floods in Texas. Senator Hitchcock attacked the Democratic secret caucus on the Currency bill. The Anti-Vivisection Congress adopted a resolution urging Congress to investigate vivisection. One carload of Argentine beef was received by Armour & Co., at Chicago. Sheriffs put an end to the rioting in Calumet, Mich., by making 12 arrests. A shipment of 4,007 lobsters has been made from Maine to the Pacific Coast for transplanting. The Chicago & Alton Railroad has granted a $30,000 annual wage increase to its 1,200 shop employes. William H. Clarke, a noted organ builder and author, is dead at Reading Pa. He was 73 years old. A new steel plant, which will employ 1,200 men, will be established at Easton, Pa., at a cost of $2,000,000. The Bank of Vacherie, La., with a capital of $15,000 and deposits of $40,000, closed because of unsecured loans. Representative Porter of Pennsylvania introduced a bill, proposing a new $4,000,000 postoffice for Pittsburgh. Mrs. Ella Flagg Young, former superintendent of schools, is likely to become candidate for mayor of Chicago. The New York Board of Estimate appropriated $10,000 to aid special highways and canal graft investigations. George Miller, 12 years old, was awarded a verdict of $1,000 in New York for injuries received when run over by a horse and wagon. The Postoffice Department decided to restore magazines and periodicals to mail service in January instead of transporting by fast freight. Society folk of Indianapolis will protest against the ordinance requiring the presence of a police matron at all dances after December 18. Discovery that a large part of the supply of cocaine for New York drug users users comes from Memphis has caused an investigation of the activities of a wealthy druggist there. De Vere Hall, 60 years old, a corporation lawyer of Michigan, was killed by a fall from the ninth floor of a hotel in New York. R. L. Metcalfe, Governor of the Panama Canal Zone, will again seek the Democratic nomination for governor of Nebraska. Magistrate Noll of Huntington, W. Va., fined his grandfather five dollars when the latter was arraigned before him on a charge of drinking. Chocolate has been ordered from the army rations by Secretary Garrison. The new Burnett immigration law provides for the exclusion and deportation of "active militants." The Netherlands Minister at Washington agreed to accept Secretary Bryan's international peace plan. The Chicago police discovered in that city a school where beggars are taught "tricks of the trade." John Litza, a state assemblyman of Wisconsin, and author of the bill making cockfighting illegal in that State, was arrested in a, cock fight raid at Milwaukee. A test vote tabling one of Senator Hitchcock's amendments to the Currency bill by a vote of 40 to 35 indicated the eventual passage of the bill. Secretary of the Navy Daniels, by buying Australian beef for the Navy, forced the American packers to reduce their bids. Meyer Hoskowitz, who had a criminal record in Russia, was sent to prison for life on second conviction of burglary in Brooklyn. Four negro youths escaped from a prison van in Holmesburg, Pa., by cutting a hole in the floor of the wagon.

5. December 19, 1913 The Olneyville Times Providence, RI
Article from The Olneyville Times, December 19, 1913

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Article Text

General Kansas has 1,200 successful women farmers. Pittsburgh will have a "Municipal Christmas Tree." Mayor Kline forbade the use of "ticklers" on New Years Eve. More than $6,000,000 damage was done by the recent floods in Texas. Senator Hitchcock attacked the Democratic secret caucus on the Currency bill. The Anti-Vivisection Congress adopted a resolution urging Congress to investigate vivisection. One carload of Argentine beef was received by Armour & Co., at Chicago. Sheriffs put an end to the rioting In Calumet, Mich., by making 12 arrests. A shipment of 4,007 lobsters has *been made from Maine to the Pacific Coast for transplanting. The Chicago & Alton Railroad has granted a $30,000 annual wage increase to its 1,200 shop employes. William H. Clarke, a noted organ builder and author, is dead at Reading Pa. He was 73 years old. A new steel plant, which will employ 1,200 men, will be established at Easton, Pa., at a cost of $2,000,000. The Bank of Vacherie, La., with a capital of $15,000 and deposits of $40,000, closed because of unsecured loans. Representative Porter of Pennsylvania introduced a bill, proposing a new $4,000,000 postoffice for Pittsburgh. Mrs. Ella Flagg Young, former superintendent of schools, is likely to become candidate for mayor of Chicago. The New York Board of Estimate appropriated $10,000 to aid special highways and canal graft investigations. George Miller, 12 years old, was awarded a verdict of $1,000 in New York for injuries received when run over by a horse and wagon. The Postoffice Department decided to restore magazines and periodicals to mail service in January instead of transporting by fast freight. The expenses of Boston for the ten months just ended, amount to $17,411,349, an increase of $964,626 over the same period last year. Society folk of Indianapolis will protest against the ordinance requiring the presence of a police matron at all dances after December 18. Nelson Sharp was electrocuted at Auburn, N. Y., for killing a policeman at Rochester, N. Y., in May 1912. He declared his downfall was due to drink. Discovery that a large part of the supply of cocaine for New York drug users users comes from Memphis has caused an investigation of the activities of a wealthy druggist there. Secretary of War Garrison's first annual report urged the necessity for a strong militia reserve. Dr. Richard Cowen, of London, denied at the Anti-Vivisection Congress that vivisection was an aid to surgery. The New York, New Haven and Hartford Railroad suspended pay. ments to its 21,716 stockholders after an unbroken record of more than forty years. Frank A. Munsey denied the Treasury Department had shown favoritism to him in the absorption of the United States Trust Company by the Munsey Trust Company.