First National Bank (DeRidder, LA)

Episode Information

Episode UID
923701599
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
92370 national
Charter Number
9237
Start Date
March 1, 1933
Location
DeRidder, Louisiana

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
22df80c57cbd1b4f

Response Measures

None

Description

Articles describe a Louisiana three-day banking holiday that applies to all state banks; no article names this bank specifically.

Events (3)

1. September 16, 1908 Chartered
Source
historical_nic
2. March 1, 1933 Suspension
Cause
Government Action
Cause Details
State-declared three-day banking holiday in Louisiana (mandatory restrictions on withdrawals and temporary closing of banks).
Newspaper Excerpt
the proclamation of Gov. Ralph ... makes mandatory the closing of California banks (or three-day period) ... The of Gov. Allen of Louisiana provides for the sation until the end of the week all public business including Banks and other public enterprises.
Source
newspapers
3. August 26, 1935 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (5)

Article from The Charlotte Observer, February 20, 1933

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Blames Failure Of On Publicity Sullivan Thinks Michigan Situation Brought on by Publication of List of Borrowings by Banks. BY MARK SULLIVAN. 1933, for Feb. 19. The closing of Michigan banks last week contributed a factor to the central probIlem which underlies or permeates practically every other question in politics. That question is whether there will be of the currency. the Michigan Inclas one event pointing inflation. In however, the Michigan bank likelihood that as he be given by congress the ernment's affairs. That the Democrats, strongly control the new will take this equivalent now practically certain. universally cepted that Mr. Roosevelt, in the ercise of the powers to given respects, will work in direction opposite to inflaPUBLICITY HURTS. The disturbing fact about the Michigan closings that they year after the government had set up the for the purpose, among preventing just events advancing government funds. Subsequently congress decreed all loans made by should be made public. transpires that forced reduces the ability of the avert now almost possible to by the with publicithe effect, not of but of stimulating them. Newspapers on the 27th of last month printed page names other had from the There followed February Louisiana, and February in Michigan, two the most disquieting events the whole years depression, form of moratoniums. part the same went new high The outstanding last week was $5,854,last had been July last year Not additional currency represents money kept tills normal business by chants towns where failed. Some represents unusual quantities currency kept represents who fearful The the have power the banking situation. bank from the strengthened its posisoundness, for the happily fact the depositor his finger down the finds bank listed borrower REPEAL PROVISION. The Washington officials that by the present time, three weeks after the last publication consequences have worn themselves failures dropped with the Another of will not beadue for time. the is reasonable expectation may repeal the publicity provision favor this course. The member of the house who led the movement publicity last month, Edgar Howard of Nebraska, silverite, for many years to William Jennings Bryan. the Michigan episode, as tion clamors answer. Why have Canada and Britain been able the depression withfailure while the States has had thousands? given senate last Friday by David Houston, the treasury in Woodrow Wilson's Mutual Life company York: no other soluthan unified banking BY unified prevented part by during the recent debate on the Glass banking bill, up eloquently for little, weak banks. collateral swer the question has been given several by Governor Meyer, the Federal Refail- ures in America, Mr. Meyer says effect, because politics will not perpractice by all Politics insists that states, the federal ernment, have right charter banks. the federal the petition leniency results. When Washington bank regulations rigid, the banks are retort, effect, "Very well, we get our charter the state capital.'


Article from Las Vegas Daily Optic, March 2, 1933

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SEVENTEEN STATES CHECK RUNS ON BANK Seven More Join Movement to Restrict Withdrawals of Deposited Moneys THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS Situation Easing in Some States as Legislatures Planned Curb Laws Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)


Article from Los Angeles Evening Post-Record, March 2, 1933

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STATES RELIEVING BANKS Nevada, Arizona, Oklahoma, Among Last to Join BY UNITED PRESS The to restrict withdrawals of deposits spread through the south and west today bringing the total number of states to enact emergency legislation to 16. Beside California, the four most recent states to take action are Arizona, Nevada, Oregon and Oklahoma, Mississippi acted late last night. Louisiana went step further and also declared three-day holiday for all Executives announcing the new holidays generally blamed conditions in other states for forcing the extension of restrictions by placing an unusual strain on banks which sought to continue business EIGHT CLOSED Eight banks in the District of Columbia imposed restrictions on withdrawals as an aftermath of the clos* ing of the Commercial National Bank. In several states already operating under restrictions, business appeared to be moving back toward nor- President-elect Roosevelt, after discussing the bank situation with William H. Woodin, who will be his secretary of the treasury, indicated that he would not issue any state= ment on the subject. Washington dispatches had reported pressure upon him make reassuring declaration before he is inaugurated CUT WITHDRAWALS The states in which banks had been authorized to operate emergency status before last night were Alabama, Kentucky, Michigan, Ohio, Pennsylvania, Arkansas, West Virginia and Maryland, In several others passed measures permitting governors and banking officials restrict with drawals should become necessary, In Indiana, Illinois and some other states, some banks operated under restrictions without formal authorization of the state Efforts continued in Michigan to put into effect the plan of Henry Ford to take over two big banks and reorganize them. One of the banks, was indicated, might reopen soon without Ford's assistance.


Article from The Hammond Vindicator, March 10, 1933

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Louisiana Neros Fiddle While Nation's Business Halts two milleniums, has fiddled Rome burned. But the great historian, Tacitus, us that Nero has been defamed. Instead of fiddling, thousands citizens were being burned out house and home, the Emperor Nero threw open the common people the imperial Campus that the might protected and ordered rushed to them they might be fed. By his energetic conduct, Tacitus tells that Nero proved himself not only the friend the lover of his people. That happened Rome nineteen hundred years ago under the reign of an ambitious, revelling, pagan emperor. But what would the Tacitus, say today if he could take look at the wild of High Hat Oscar Allen and his and banking associates in the state of Louisiana. Like every good citizen, he would puppet Huey Long, looked down upon figurehead Louisiana's mansion, staging most tragic onslaught upon the common people that has ever been perpetrated in the history of the state. And that tragedy enacted under mask of gaiety that turns the lurid light of Nero's reign into an incandescent glow that would make the brilliant Mazda blush for shame High Hat Oscar Allen, jokingly called "Governor" of great democratic state the greatest republic that has ever been conceived in the mind of raises the upon the most scandalous official revelry and of the good. Kingfish Huey Long, known home as votestealing, politician, and throughout the clown, buffoon, and sensational blatonist, joins hands with his hat dummy governor to the utter amazement of starving and distressed Louisianians home These and other Louisiana officials who participated in the mad melee of selfish against the many, their true colors. Already had they lost confidence, and now they fail to command the decent respect of the people the state Louisiana. They are little fish in the great sea of democracy. Were only for their actions, they could be and ignored. But, while the good men do often interred with their bones, the evil that they do them. The that Huey Long, through his High Hat Governor, and his banking associates, has done to the people of the state and the nation that must not only the instant but the incessant of lover of the people and the people's rights. Think High Hat Allen holiday the banks of Louisiana the first March, and immediately boarding train for Washington quest the glee an inaugural ball. Think the satin, silk, and velvet dressed ladies of Louisiana's political life mad whirl of intoxicating dance music, bedecked in costly diamonds showered with pricely orchids while those home groaned beneath load of an unexpected bank Think the officialdom of the state of Louisiana bowed down before the of hilarity when Louisiana leading the sad spectacle national crisis. Think of Attorney General Porterie far away from home Louisiana mesh business legal confusion. Think Treasurer engaging Washington celebrations when his duty to look after the state funds at home with banking suspended the people's money tied up. Think of Alice Lee Grosjean, supervisor public accounts, far away from the state with banks closed and public paralyzed. Think of the uniformed staff of "Governor" Hat Allen waltzing the strains of carefree music while children weeped in hunger wailed despair. Think the veterans of the World War depositing from the United on the first March in Louisiana banks to be told on the second of High Hat had issued his banking holiday, that they could nickel against each dollar on the third of the month. And while boys at home were eating doughnuts and coffee because their legitimate money had been tied up by the banks, Louisiana's political ladies, in crying, me around again, Willie," to the uniformed staff of High Hat brigade. Think the school teachers of Louisiana who went without pay because the fraternity shut down on city and state official checks while highest officials thrilled in the vain glory of Washington Think the clamping down of the scanty pittance that is being dispensed by the Welfare enough to feed able bodied man, nothing of his wife and children. Think of that pittance being by the bankers, under the proclamation of dancing High Hat while infants sucked their thumbs older children cried to sleep. New Orleans and Louisiana hungry, but the on. With banking, business, manufacturing, shipping, and commerce in general halted, woe, want, tribulation, anguish yes, nation-wide hell followed the wake of the mad doings of Louisiana bankers and Louisiana Shameful as is, Louisiana must assume the blame for having led the motley parade the crisis. the sad Indemnity failure and Bank by as it tottered to fall-a three-day banking holiday declared by the dancing opening of the New Orleans bank second day of the three-day holiday with bait to the public to start new accounts that would be payable by check in reclosing the banks the third day the three-day holiday because of the national crisis demanding quick action by President Roosevelt and Congress to avert complete collapse of the financial structure of the United States. Remember, had there been no Huey Long, the Wrecker, there would have been Louisiana Highway had there been wrecked Highway Commission, there would have been no Union Indemrity failure fraud; had there been no Union Indemnity failure and Representative Fish of New York could not have hurt the Hibernia Bank accusing Rudolph Hecht of being party this collosal there been the Bank, Uncle could diverted millions the hungry and the footsore; had the not been called in desperation to save the Hibernia Bank, upon there would have been no nation-wide loss of confidence in New Orleans and Louisiana banks caused and prompted the three-day farcical state holiday; had there been no three-day holiday farce, Louisiana have helped stem the tide banking stabilization instead of leading the way for bank closings that led to the national crisis. Radolph Hecht been called the Bad Boy of Bankdom. Together the Wrecker, through their dummy High Hat Oscar, with Huey Long, they forced the nation the brink of mad maelstrom of banking colscript and limited lapse, money, Tacitus, great historian, could today, believing in justice he did, would wish Franklin Roosevelt unlimited power in straightening out the mad muddle. Then he would truthfully proclaim, with his dummy High Hat went dancing while their people "Kingfish suffered the agony of the damned.' the unkindest cut of all is the sad spectacle of Louisiana yet, the deal as was done the early part the week opposing when Huey Long and two his cohorts voted against the measure President Roosevelt full power nation and stem the giving onrushing tide distress suffering. Louisianians should forever cherish in their hearts this of Huey Long. If he has any defenders they should hang their heads in shame.


Article from Denham Springs and Livingston Parish News, March 23, 1933

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and commerce facturing, shipping, halted, woe, want, in general bulation, anguish, yes, wake of followed in the hell has Louisiana bankmad doings of the Louisiana politicians. and Louisiana must Shameful as is, having led the blame for assume to the national the motley parade crisis. Scan the sad failure and Indemity Bank rescued by bernia tottered to declared by the banking holiday dancing opening of the New Orleans bank the seof the three-day holiday cond day public to start with bait to the accounts that would eb check reclosable by in banks the third day ing of the on holiday because of the three-day fthe President's national crisis demanding quick action by President Roosevelt and complete colCongress to avert lapse of the financial structure of the United States. Remember, had there been no the Wrecker, there Huey Long, would have been no Louisiana wrecked Highway Commission; had there been no wrecked Ilighway Commission, there would have been no Union Indemity failure and fraud, Representative Fish of New York could not have hurt the Hibernia Bank by accusing Rudolph Hecht being party to this collosal fraud; had there been no the Hibernia Bank, Uncle run Sam could have diverted millions to the hungry and the footsore; had the R. not been called upon in desperation to the Hibernia Bank, there would have been no nation-wide loss of confidence in New Orleans and Louisiana banks that caused the withdrawals and prompted the threeday farcial state holiday; had there been no three-day holiday farce, Louisiana could have helpstem the tide against banking stabilization instead of leading the way for nation-wide bank closings that led to the national crisis. Rudolph Hecht has been called the Bad Boy of Bankdom. Together with Huey Long, the wreckthrough /their dummy High Hat Oscar, they forced the nation to the brink of mad maelstrom of banking collapse, script money, and limited withdrawals. If Tacitus, the great historian, could live today, believing in tice as he did, he would wish Franklin D. Roosevelt unlimited power in straightening out the mad muddle. Then he would truthfully proclaim, "Kinfish with his dummy High Hat went dancing while their people suffering the agony of the damned." And yet, the unkindest cut of all is the sad spectacle of Louisiana Senator opposing the new deal as was done the early part of last week when Huey Long and his two cohorts voted against the measure giving President Roosevelt full power to save the nation and stem the tide distress and suffering. Louisianians should forever cherish in their hearts this vote of Huey Long. If he has any defenders they should hang their heads in shame.