9805. Moorehead bank (Moorhead, MN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
January 1, 1928*
Location
Moorhead, Minnesota (46.874, -96.768)

Metadata

Model
gpt-5-mini
Short Digest
9b579266

Response Measures

Full suspension

Other: Multiple articles report a 1928 run on the Moorhead (spelled Moorehead in OCR) bank that led the president (Lamb) to close the bank to protect depositors. It is unclear from the articles whether the bank ever reopened; subsequent reporting focuses on losses and legal trouble for Lamb.

Description

Multiple articles (same syndicated piece) state There was run on the Moorehead bank in 1928 and Lamb closed it to depositors. That describes a run in 1928 followed by closure (closed to depositors) with no later reopening mentioned. OCR shows variants like Moorehead Nationbank — I assume this indicates a national bank, so bank_type set to 'national'. Cause for the run is not specified in the articles, so classified as 'other/unknown'.

Events (3)
1. January 1, 1928* Run
Cause Details
Article only reports a run occurring in 1928; no explicit trigger (rumor, correspondent failure, or macro shock) is given.
Measures
Bank was closed to depositors (closed to protect depositors)
Newspaper Excerpt
There was run on the Moorehead bank in 1928 and Lamb closed it to depositors.
Source
newspapers
2. January 1, 1928* Suspension
Cause Details
Bank was closed (suspended payments/closed to depositors) by its president Lamb to protect depositors after the 1928 run.
Newspaper Excerpt
There was run on the Moorehead bank in 1928 and Lamb closed it to depositors.
Source
newspapers
3. * Other
Newspaper Excerpt
Closing of the Moorehead bank caused the Dillworth bank close and Lamb says he lost $70,000. But he was left holding the bag for about $4500 which had been left improperly uncovered by inside deal involving some school warrants. Lamb paid off the $4500 at once and thought was settled, but few days before the statute of limitations ran out he was arrested as a result of what he calls 'political spite.' (syndicated article excerpts).
Source
newspapers

Newspaper Articles (8)
1. April 20, 1933 Ames Tribune Ames, IA
Article from Ames Tribune, April 20, 1933

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THE SCENES 38163 and Convict 38155 vere cellmates the Leavenworth penitentiary. They are office building of the House Representatives. Convict 38163 has become Jongressman Francis Shoemaker Minnesota. Convict 38155 the chose secretary used to be president. They met two years ago the train carrying them Shoemaker after for "scurrilous through the mail, and Lamb for violation the banking Shoemaker the four new congressmen elected Minnesota last November. His case still before an elections committee on the contention that his conviction took his but the House March voted allow him to take seat. medium man he always to fight for the farmers and Lamb haired plain-spoken man of Like he doesn't mind admitting that he But he does want known that sentenced only for "techniviolation and that depositors his bank have been paid cent, pretty good for busted says Shoemaker when asked why selected fellowconvict handle office "There's fine humanitarian. spent months France driving front. He used his family him chemist bank. of the North Dakota. economics and all about banking has the confidence community. know he's honest and Shoemaker, radical editor promoter municipal power plants, fought the Republican ma. chine Minnesota for years. He campaigned against Congressman August Andresen, Republi1930. About time in paper. Organized Farmer," waging campaign against bankers held trusts and loaded stocks beneficiaries. He especially attacked banker after being compelled good that wrote him letter. Shoe maker wrote back. addressing envelope Robber Widows and Orphans." judge whom says he had ferred power sentenced him He had the choice year day five years probation. He chose the former. So Shoemaker and Lamb met Shoemaker landed the chaplain's and Lamb became clerk. Lamb took down the life histories thousands prisoners. Shoemaker studied the cases and recommended placements within the prison. Today Shoemaker has his prison the tags his automobile. Minne sota, obtained the nomination against Andresen last and was elected. Lamb had been president of the Dillworth state bank and larger Moorehead bank in community nearby. There run the Moorehead bank in 1928 and Lamb closed protect Closing Moorehead bank caused the worth bank close and Lamb says he But he left holding the bag about $4500 which been by inside deal involving the use school Lamb paid $4500 once and thought but few days fore the statute limitations out arrested result

2. April 20, 1933 The Urbana Daily Citizen Urbana, OH
Article from The Urbana Daily Citizen, April 20, 1933

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THE SCENES BY RODNEY and Convict No. cellmates at the penitentiary. They still office building of the House the Representatives. Convict 38163 has become Congressman Francis of Minnesota. Convict No. maker the chose as secretary after used be bank Lamb, president. met two on the They years ago train them Shoemaker after conviction "scurrilous matter' the mail, Lamb through violation of the banking laws Shoemaker the four congressmen elected in Minnesota last His case still before elections the that his conviction took citizenship. but the House March voted to allow him take his seat. gray-eyed, medium height, man he always anxious to fight for the farmers wage earners. Lamb whitehaired man Like Shoemaker, he doesn't that he does want known that sentenced only for violation that depositors his bank have been paid off cent, pretty good rate for busted says Shoemaker when he selected fellowconvict to handle office in "There's fine man. He spent months France driving the front. He used chemist until family left him He's graduate the versity of North Dakota. economics knows all the know honest and Shoemaker, radical editor and promoter municipal power plants, fought the Republican main Minnesota for years. campaigned against Congressman August RepubliAbout that time in his paper waging campaign against bankers held trusts loaded worthless stocks beneficiaries. He especially attacked banker who, after being compelled make good in that sort of him mean letter. Shoewrote back, addressing the envelope Robber of Widows and Orphans.' judge whom he had ferred tool power sentenced him. He had the choice year and day Leavenworth or five years of probaHe chose the former So Shoemaker and Lamb met train. Shoemaker landed in the chaplain's office and Lamb became clerk. Lamb took down the life histories thousands of prisoners. Shoemaker studied the and recommended placements within the prison. has his prison the tags of his antomobile back obtained the nomination against Andresen last and was elected. Lamb had president of the Dillworth state bank and direcof the larger Moorehead bank community There run on the Moorehead bank 1928 and Lamb closed protect depositors. Closing the Moorehead bank caused the Dill bank close and Lamb he lost But he was left holding the bag for about $4500 which had been improperly uncovered by an inside deal involving use school warrants.' Lamb paid the $4500 at once and thought settled, but few statute of limitations was arrested result

3. April 22, 1933 The Eugene Guard Eugene, OR
Article from The Eugene Guard, April 22, 1933

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wrote back, addressing the envelope Shoemaker Robber of Widows and Orphans." judge he had referred to tool of whom Shoemaker says the power trust," sentenced him. He had the chioce of year day Leavenworth or five years of He chose the former. and Lamb on the train. ShoeSo maker landed in the chaplain's and Lamb became down the life of thousands of Shoemaker studied the cases and recommended placements within the prison. Number Car Today Shoemaker has his prison his automobile. He went back Minnethe tags obtained the nomination againts Andresen last year, and elected. had been of the Dillworth state Lamb bank director the larger bank There Moorehead bank 1928 and Lamb closed protect Closing of the Moorehead depositors. Dillworth bank close and Lamb says he lost $70,000. bag for about $4500 But left holding which had been left improperly covered by inside of school Lamb deal involving some $4500 thought settled. paid off the once before the statute limitations but few days arrested result what he calls out he "political spite After leaving Leavenworth be returned to Minneand he helped Shoemaker in the 1932 campaign.

4. April 23, 1933 The Bradenton Herald Bradenton, FL
Article from The Bradenton Herald, April 23, 1933

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Former Cell Mates Now Occupy Important Government Office By RODNEY DUTCHER April 22 Convict No. 38163 and Convict No. 38155 cellmates at the Leavenworth They are still "cellmates" the office building of the house Convict No. 38163 has become Francis Shoemaker of Convict No. 38155 the man he chose his M. Lamb, who used to be bank president. They met two years ago on the train them to prison Shoemaker after for matter" through the mail, and Lamb for violation of the banking laws. one the four new elected Minnesota last November. His case still before an elections the contention that his took away his but the house March voted 230 to 75 to allow to take his Neither Ashamed medium height, always anxious to fight for the farmers and Lamb heavy-set, white haired man of Like doesn't mind that he But he does want known that he was only for "techand that deposiin his bank have been paid pretty good for busted banks. Ability. says Shoemaker when asked selected fellowconvict his office Washington. "There's fine He humanitarian He spent months in France driving an the front to his family left him bank He's graduate the University North Dakota. "He on and knows all about banking problems. He has the confidence of the people of his community. They know he's honest and so do Tangled With Banker Shoemaker, radical editor and promoter municipal power plants, fought the republican machine in Minnesota for years. He campaigned against Congressman August republican 1930. About that time in his paper, "The Organized Farmer,' he was waging paign against bankers who held trusts unloaded worthless stocks beneficiaries. He especially attacked one banker who, after being make good in that sort of case, wrote him mean letter. Shoemaker wrote back, addressing the enveWidows and Orphans. judge whom says had ferred the sentenced He had the choice year and day at five years of probation. He chose former. So and Lamb met the train. landed the chaplain's office and Lamb beclerk. took the life histories Shoemaker studied the cases and recommended placements within the prison Prison Car Today Shoemaker has his prison the tags automobile. He went back to Minnesota, obtained the FarmerLabor against Anderlast and was elected. year. Lamb has the Dillworth bank and director of the larger National bank community There the Moorehead bank 1928 and closed Closing of the bank caused the bank close and Lamb says he lost $70.000. But he holding the bag for about $4500 which had been left by inside deal involving the some school warrants. Lamb paid (Continued on Page 9)

5. April 26, 1933 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, April 26, 1933

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BY RODNEY No. and Convict No. cellmates at the Leavenworth They are still office building of the House the of 38163 has become Convict Congressman Francis maker of Minnesota. Convict No. the he chose 38155 secretary after used to be ago on the They met two years train carrying them after conviction for Shoemaker "scurrilous matter and Lamb for through the the banking laws violation of the four Shoemaker one new elected in Minnesota Novemcase still before committee on the contenelections tion that his conviction took away but the House in his citizenship. voted 230 to to allow him March to take his seat. medium gray-eyed. man he always anxious to fight for the farmers and wage Lamb haired man of Like Shoemaker, he doesn't mind admitting that he an ex-convict. he does want It known that he But sentenced only for "techniviolation and that depositors in his bank have been paid off cent. pretty good rate for per busted Shoemaker when asked why he selected convict handle his office in Washington. "There's fine man. He spent months France driving bulance the front. He used be chemist until his family left him graduate of the Unibank. versity of North Dakota. well-posted on economics and knows all about banking He has the confidence the lems. his community. They people of honest and so do know he's radical editor and Sheemaker, municipal power promoter fought the Republican chine in Minnesota for He campaigned against Congressman August Andresen. Republiin 1930. About that time in Organized Farmer," campaign against waging bankers held trusts and unloaded worthless beneficiaries. He especially attacked banker after being compelled make good in that sort of case, wrote him mean letter Shoemaker wrote back. addressing the to Robber of envelope and Orphans." judge whom Shoemaker says he had ferred tool of the power trust," him. He had the choice of and day at year five years of probation. He chose the former. So Shoemaker and Lamb met on the train. Shoemaker landed in the office and Lamb became chaplain's clerk. Lamb took down the life histories thousands of prisoners. Shoemaker studied the cases and recommended placements within the prison. Today Shoemaker has his prison the tags of his automobile He went back to Minnesota, obtained the nomination against Andresen last year, and elected. Lamb had been president of the Dillworth state bank and direcof the larger Nationbank in community nearby. There on the Moorehead bank 1928 and Lamb closed protect depositors. Closing Moorehead bank caused the Dillworth bank close and Lamb says he lost $70,000. But he was left holding the bag for about $4500 which had been improperly uncovered by inside involving the some warrants. Lamb paid off the $4500 at once and thought was settled. but few days fore the statute of limitations ran out he arrested result what he calls "political spite

6. April 27, 1933 The Californian Salinas, CA
Article from The Californian, April 27, 1933

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Once Cell-Mates, These Two Have Office Together, Congressman and Secretary RODNEY DUTCHER Service Writer April No. 38163 and Convict No. 38155 were cellmates the Leavenworth penitentiary. They are still the office building of the House of Representatives. Convict No. 38163 has become Congressman Francis Convict No. the man he chose Lamb, who used to be bank president. They met two ago on the years train carrying them to Shoemaker after conviction for sending through the mail, and Lamb for violation the banking laws. Shoemaker is one of the four new congressmen elected in Minnesota last NovemHis case still before an elections committee on the contention that his conviction took away his citizenship, but the House in March voted to 75 to allow him to take his seat. NEITHER IS ASHAMED gray-eyed, medium height, man he always anxious to fight for the farmers and wage earners. Lamb is heavy-set, whitehaired plain-spoken man of Like Shoemaker, he doesn't mind admitting that he is an But he does want it known that he sentenced only for "technical" violation and that in his bank have been off 75 pretty good rate for per busted banks. "Ability," says Shoemaker when asked selected fellowconvict handle his office in Washington. "There's fine man. He is humanitarian. He spent seven months in France driving an ambulance at the front. He used to be chemist until his family left him bank. He's graduate of the University of North Dakota. is on economics and knows all about banking problems. He has the confidence the people of his community. They know he's honest and so TANGLED WITH BANKER Shoemaker, radical editor and promoter of municipal power plants fought the Republican machine in Minnesota for years. He campaigned against CongressAugust Republiin 1930. About that time in his can "The Organized Farmer," he paper, was waging campaign against bankers held trusts and unloaded stocks on beneficiaries. He especially attacked banker who, after being to make good in that sort of case, wrote mean letter. Shoemaker wrote back, the envelope to Robber Widows and Orphans." judge whom says he had referred to as tool of the power trust," him. He had the choice year and day Leavenworth five years of probation. He chose the former. So and Lamb met on the train. landed in the chaplain's office and Lamb clerk. Lamb took down the life histories prisoners. Shoemaker studied the cases and recommended placements within the prison. PRISON NUMBER ON CAR Today Shoemaker has his prison the tags of his automobile. He went back nesota, obtained the nomination against Andresen last year, and was elected. Lamb had been president of the Dillworth state bank and director of the larger Moorehead bank in community There was run on the Moorehead bank in 1928 and Lamb closed protect depositors. Closing of the Moorehead bank caused the Dillworth bank close and Lamb says he lost $70,000. But he was left holding the bag about $4500 which been left improperly uncovered by inside deal involving the some school wafrants. Lamb paid off the $4500 at once and thought was settled, but few days fore the statute of limitations was arrested as result what he calls "political spite After leaving Leavenworth turned to Minnesota and he helped Shoemaker in the 1932 campaign. SHARE PROGRESSIVE VIEWS Lamb shares Shoemaker's gressive views and takes eager interest in the national banking situation. Shoemaker an inflationist and favors calling in government bonds and paying them off with new currency, which he says would eliminate an interest charge of about billion dollars year and force present holders of tax-exempt curities to pay a billion year in taxes. He is amused by the House beer bill which barred from selling beer. "First they voted by huge majority to let me sit in Congress," he says, "and then they passed law prohibiting me from tending bar running saloon." IN ADDITION "Mummy," said the eldest child. acting spokesman, "what shall get for your birthday?" Mother smiled down at her children. "Nothing dears," she replied, just want three nicely behaved children.' "Oh," they chorused, "that make six of GOING TO ROAD ENGINEER (just arriving scene): Does the foreman know the trench has fallen in? WORKER: No. sir! We're just digging out to tell 'im. Show. DOESN'T KNOW NOW SMITH (to beauty parlor proprietress): Has my been PROPRIETRESS: What she like sir? SMITH: Well, can tell you what she was like when she went Humorist.

7. April 28, 1933 Battle Creek Enquirer Battle Creek, MI
Article from Battle Creek Enquirer, April 28, 1933

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Once Congressman Shoemaker and Secretary in Office Together. TECHNICAL VIOLATORS' Shoemaker Jailed for Libel, Owen M. Lamb for Violation in Banking. BY RODNEY DUTCHER NEA Servce Writer April 38163 and Convict No. 38155 cellmates at the Leavenworth penitentiary. They still the office building the house of presentatives. Convict 38163 has become Congressman Francis Shoemaker Minnesota. Convict No. 38155 the man he chose his secretary after Lamb, used bank president. They met two years ago on the train them prisonShoemaker after conviction for sending 'scurrilous matter" through the mail, and Lamb for violation the banking laws. Shoemaker of the four new elected Minnesota His case before election committee the contention that his convicton took away his citizenship, house March voted 230 to to allow take Neither Ashamed medium height. man always anxious to fight for the farmers and earners. Lamb heavy-set, white haired man of Like Shoemaker, he doesn't mind admitting that he ex-convict. But does want known that he sentenced only violation and that depositors in his bank have been paid off 75 percent, pretty good rate busted banks. "Ability," says Shoemaker when asked why he selected vict handle his office in Washington. fine man. He humanitarian. He spent seven months France driving an bulance front. He used chemist until his family him bank. graduate of the University North Dakota. well-posted economics and knows all about banking problems. He has the confidence the people his They know he's honest and so Tangled With Banker Shoemaker, radical editor and promoter municipal power plants, fought the republican machine in Minnesota for years. He campaigned against CongressAugust Andresen. republican About that paper, Organized Farmer." waging campaign against bankers who trusts loaded stocks benefiHe banker who, after being compelled make good that sort of case, wrote him mean letter Shoemaker wrote back, addressing the envelope Robber Widows and Orphans." judge whom says he had ferred to tool of the power He had the choice year and day five of probachose the former. So Shoemaker Lamb met the train. Shoemaker landed chaplain's office and Lamb became clerk. Lamb took down the life histories of thousands prisoners. Shoemaker studied cases and recommended placements within the prison. Prison Number On Car Today Shoemaker has his prison automobile went back Minnesota, obtained the nomination against Andresen last Lamb had been president of the state bank and direcof larger Moorehead Nationbank community nearby. There run on the Moorehead bank in 1928 and Lamb closed Closing the Moorehead bank caused Dillworth bank close and Lamb says lost $70,000. But holding the bag for about which had been an inside deal involving the use warrants. Lamb paid the once thought settled, but few limitations he was arrested result calls "political work. After turned and he helped Shoemaker the 1932 campaign. Share Progressive Views Lamb shares Shoemaker's progressive views and takes eager interest the national banking Shoemaker an inflationist calling bonds off currency, which he eliminterest charge about billion dollars and force present seto pay billion year in taxes. amused by the bill which barred from they voted by huge majority let Congress," says, they passed prohibiting from tending running History in Braille for Girl How history Italian unity was translated and published Braille blind Oxford university wanted recently by the Archbishop Canterbury, London. made specially for nine months two voluntary subscribers to the society. On clear day, na aviator miles can either direction.

8. April 28, 1933 Corpus Christi Caller-Times Corpus Christi, TX
Article from Corpus Christi Caller-Times, April 28, 1933

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Washington Letter BY RODNEY DUTCHER NEA Service Writer ashington NO 38163 and Convict No 38, 155 were cellmates at the Leavenworth penitentiary. They are still "cellmates"-in the office building of the House Representatives Convict No. 38163 has become Francis H. Shoemaker of Minnesota. Convict No. 38155 Is the man he chose as his secretary after M Lamb, who used to be bank president They met two years ago on the train carrying them to prison after conviction for sending scurrilous matter" through the mail, and Lamb for violation of the banking laws. Shoemaker of the four new Labor gressmen elected in Minnesota last November. His case is still before an elections on the contention that his took away his citizenship, but the House in March voted 230 to 75 to allow him to take seat NEITHER IS ASHAMED gray-eyed medium height brown haired man, he is always anxious to fight for the farmers and wage Lamb is haired spoken man of 44 Like Shoemaker he doesn't mind admitting that he is an ex-convict But he does want it known that he was sentenced only for "technical" violation and that depositors in his bank have been paid off per pretty good rate for busted banks "Ability," says Shoemaker when asked why he 80lected why he selected a fellow -conviet to handle his office in Washington "There's fine man He is humanitarian. He spent seven months in France driving an ambulance at the front He used to be chemist until his family left him bank He's a graduate of the University of North Dakota "He is well posted on economics and knows all about problems He has the confidence of the people of his community They know he's honest and do 1." Tangled With Banker Shoemaker radical editor of munt cipal power plants, fought the Republican machine in for He campaigned against Congressman August H An dresen, Republican in 1930 About that time in his paper, "The Organized Farmer, was paign against bankers who held trusts and unloaded worthless stocks on beneficiar He especially attacked one banker. who, after being make good in that sort of case wrote him mean letter Shoemaker back addressing the envelope to Robber Widows and Orphans. A judge whom Shoemaker says he had referred to as "a fool of the power trust him. He had the choice of year and day at Leavenworth or five years of probation Hhe chose the former So and Lamb met on the train Shoe landed in the chaplain's office and Lamb be came clerk Lamb took down the life histories of of Shoe maker studied the cases and within the "ROD. Prison Number on Car Today has his prison number $8163 on the his automobile He back to Minnesota the against Andresen last year and was elected Lamb had of the bank and a director of the larger bank There was run on the Moorehead bank in 1928 and Lamb closed it to depositors. of the bank the Dillworth bank lose and Lamb says he lost $70,000. But he was left holding the bag for about $4600 had been left by an inside deal the use of Lamb paid off the 4500 at once and thought was settled, but few before of ran out he a result of what he calls After be Minnesota and he helped the 1932 campa Shaoe Progressive Views Lamb takes an eager interest in the national banking Shoemaker is an inflationis and favors calling in government bonds and paying them off with new he says an charge of about billion year and force present holders of tax exempt to pay a bil year in taxes He by the beer bill thich barred ex from selling First they voted by huge majority to let me sit in Congress." he says "and passed law prohibiting me from tending bar or running saloon