5041. Farmers' bank (Metcalf, IL)

Bank Information

Episode Type
Suspension → Run → Reopening
Bank Type
state
Start Date
August 1, 1905*
Location
Metcalf, Illinois (39.801, -87.807)

Metadata

Model
gpt-5-mini
Short Digest
f35f7334

Response Measures

None

Other: President absent caused one-day closure; reopening triggered brief run, funds largely returned.

Description

Multiple papers report the Farmers' Bank in Metcalf (sometimes spelled Metcalfe). The bank failed to open its doors Saturday because of the absence of the president (temporary closure), then resumed business on Sept 1; the reopening triggered a run but most withdrawals were returned the same afternoon. Cause of the suspension was the president's absence (a temporary, voluntary closure).

Events (3)
1. August 1, 1905* Suspension
Cause Details
Bank failed to open due to absence of the president (temporary, voluntary closure)
Newspaper Excerpt
which failed to open its doors Saturday because of the absence of the president, John L. Gobin
Source
newspapers
2. September 1, 1905 Reopening
Newspaper Excerpt
resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.
Source
newspapers
3. September 1, 1905 Run
Cause Details
Run triggered by concern following the bank's prior failure to open (reopening acted as signal)
Measures
No special measures reported beyond resumption of business; many deposits were returned same afternoon.
Newspaper Excerpt
The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.
Source
newspapers

Newspaper Articles (4)
1. September 6, 1905 Vernon County Censor Viroqua, WI
Article from Vernon County Censor, September 6, 1905

Click image to open full size in new tab

Article Text

Closed Band Reopens. Metcalfe, III., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business yesterday. The opening of the doors was the signal for a run which continued for a time. Much of the money withdrawn was returned to the bank in the after noon.

2. September 6, 1905 New Ulm Review New Ulm, MN
Article from New Ulm Review, September 6, 1905

Click image to open full size in new tab

Article Text

Bank Resumes. Metcalf, Ill., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.

3. September 7, 1905 Warren Sheaf Warren, MN
Article from Warren Sheaf, September 7, 1905

Click image to open full size in new tab

Article Text

Bank Resumes. Metcalf, Ill., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.

4. September 8, 1905 The Ely Miner Ely, MN
Article from The Ely Miner, September 8, 1905

Click image to open full size in new tab

Article Text

Bank Resumes. Metcalf, Ill., Sept. 1.-The Farmers' bank, which failed to open its doors Saturday because of the absence of the president, John L. Gobin, resumed business Thursday. The opening of the doors was the signal for a run, which continued for a time. Much of the money withdrawn was returned to the bank in the afternoon.