Citizens State Bank - Huntington, IN

Episode Information

Episode UID: 7428123091597
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 742812309 hash
Start Date: January 26, 1933
Location: Huntington, Indiana (40.883, -85.497)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: f2cd65a59e095547

Response Measures

None

Description

A mayoral legal holiday is cited as the immediate reason for refusing withdrawals; no follow-up on reopening in these articles.

Events (1)

1. January 26, 1933 Suspension

Cause: Government Action
Cause Details: Mayor Jack T. Dungan proclaimed a legal holiday to give banks opportunity to persuade depositors to sign waivers and the banks refused deposits and withdrawals.
Newspaper Excerpt: The two remaining Huntington banks were open today but neither was accepting deposits or permitting withdrawals.
Source: newspapers

Newspaper Articles (1)

1. January 26, 1933 The Times Hammond, IN

Article Text

IRWIN MAY SUCCEED MORGAN INDIANAPOLIS, Jan. 26.—(I.N.S.)—Don B. Irwin, of Frankfort, Fifth district chairman, today loomed as a probable successor to Ivan C. Morgan, of Austin, as republican state chairman. Morgan, whose resignation has been asked by several district chairmen, announced that the G. O. P. state committee would meet here on February 2. Morgan, Irwin and Harry Fenton, secretary of the state committee, conferred here last night. John Scott, of Gary, First district chairman, has been the leader in the movement against Morgan. Scott objects to Morgan's stand for prohibition. MORTON CAN'T GET HIS PAY INDIANAPOLIS, Ind., Jan. 26.—(I. N.S.)—Gaylord S. Morton, tax commissioner, whose membership on the tax board has been the center of heavy fire, indicated today he would continue serving although Floyd E. Williamson, auditor of state, has assured him he will not get paid. Yesterday Morton observed a birthday by presenting a voucher to the auditor for his January pay but Williamson said the position he couldn't pay Morton without a court mandate due to recent opinion of the attorney general on the commissioner's status. Morton was appointed to fill a vacant post on the last day of Harry G Leslie's administration but Philip Lutz, Jr., the attorney general, held that Leslie's last day was Gov. Paul V. McNutt's first and that the appointment was void. BANKS DECLINE DEPOSITS HUNTINGTON, Ind., Jan. 26.—(U. P.)—The two remaining Huntington banks were open today but neither was accepting deposits or permitting withdrawals. A legal holiday, proclaimed by Mayor Jack T. Dungan, gave the First State and the Citizens State bank an opportunity to persuade depositors to sign waivers saying they would not withdraw their funds immediately. Other business in the city were not affected by the holiday proclamation. WEATHER SUMMARY By U. W. WEATHER BUREAU (Written for I. N. S.) Since Monday morning rains have continued in the entire Pacific coastal region, and light snows to the eastward over the great basin and Central Rockies. Elsewhere, throughout the country, except for a few scattered showers in the gulf and South Atlantic regions, the weather has been fair. It is somewhat colder in the eastern third of the country and lower temperatures also are reported from Alberta and Saskatchewan and from the far southwest; while considerably higher temperatures prevail in the northern Red River Valley and in parts of the Great Plains. Sunrise 7:00 a. m.; sunset, 4:55 p. m.; moonrise, 6:16 a. m.; moonset, 3:22 p. m. LAPORTE BOY KILLED LAPORTE, Ind., Jan. 26.—(U.P.)—Roy Place, 18, LaPorte, was killed yesterday when his rifle accidentally discharged. Bank Suspensions 22 Pct. Below 1932. Rand McNally & Co. reports the number of bank suspensions for the week ended yesterday were 22 per cent under those of a year ago. So far this year, average of deposits of suspended banks is 52 per cent less than for the corresponding period in 1932, the report said. DROWNED IN RIVER GOSPORT, Ind., Jan. 26.—(U.P.)—M. M. Bills, 65, who lives on an island east of here, was drowned yesterday when his rowboat overturned in the swollen waters of White river. He clung to the craft until it struck a bridge pier at Gosport.