Citizens State Bank (El Dorado, KS)

Episode Information

Episode UID
83018371483
Episode Type
Run Only
Bank Type
state
Bank ID
8301837 routing
Routing Number
83-0183
Start Date
July 12, 1923
Location
El Dorado, Kansas (37.817, -96.862)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
accbbd80da81b3de

Response Measures

None

Description

Newspaper uses variant spelling 'ElDorado'/'Eldorado' in places.

Events (1)
1. July 12, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
Newsboys cried an 'extra' and a man jokingly called out that the bank had failed, triggering withdrawals based on the false report
Random Run
Yes
Random Run Snippet
Newsboy's joke shouted 'this bank has failed'; proved false
Measures
Depositors who withdrew were promptly paid; business resumed and many reopened accounts
Newspaper Excerpt
A little flurry among depositors of the Citizens State Bank ... started as the result of rumors arising from an unthinking jest
Source
newspapers

Newspaper Articles (3)
1. July 12, 1923 The Howard Courant Howard, KS
Article from The Howard Courant, July 12, 1923

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Article Text

THURSDAY, JULY 12, 1923 At ElDorado one day recently, some news boys were crying "Extra, Extra!" in selling some special issues. A man asked what the "extra" was about and the boy, with a grin, said, "Oh, the Citizens State Bank has failed!" The extra was really concerning the resignation of two members of the County Board over the poorhouse scandal, but the boy's joke about the bank almost started a run on the bank's funds, as several depositors slipped in and called for their money. Of course they were promptly paid, and then as is always the case they didn't want their money. It sometimes doesn't take much to start a panic that will wreck an institution. Steve Frazier of Sedan, who is interested in the Beaty gasser on 30-31-11, feels pretty good over the find. It is in heretofore undeveloped quarter, and quite a way from proven territory. The well while not a prodigy in any way, is strong enough to be a paying investment, and the fact that oil was found at several depths as well as the gas, at least two million feet, makes it a promising adventure. Further drilling will follow at once, and other leaseholders in near-by territory are moving for immediate development. Arthur S. McNay, editor and publisher of the Galena Daily and Weekly Republican, did himself proud in his recent historical edition of the Weekly Republican, a 60-page magazine shaped publication on book paper, and profusely illustrated. It is full of historical and biographical matter, besides giving an immense amount of statistics and valuable information concerning the mining and manufacturing industries of Galena and Cherokee county. It represents an immense amount of work, and McNay deserves the gratitude of his community for his great enterprise. Later Report: The legislative bi-

2. July 12, 1923 The Kansas City Star Kansas City, MO
Article from The Kansas City Star, July 12, 1923

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Article Text

SHOP TO RENT BOOKS OPEN. Selling Is Incidental at the Bookman Library, 1010 Grand. The first book shop in which selling books is incidental to renting them has been opened here. "Ten years ago the plan would have been impractical," explains Elliott G. Nathan, manager, formerly manager of the Doubleday Page Book Shop here, "but now there is an increase in the number of persons who desire to read books as they come fresh from the press, not only light fiction, but the more substantial kind that helps shape current opinion and dinner conversations. They can rent and read ten books for the cost of one." The shop, the Bookman Library, is in its first week at 1010 Grand avenue. JEST CAUSES RUN ON BANK. But Confidence in Eldorado Institution Is Restored. ELDORADO, KAS., July 12.—A little flurry among depositors of the Citizens State Bank, started Tuesday as the result of rumors arising from an unthinking jest, subsided as quickly as it flared up. Business at the bank resumed its normal trend yesterday and many persons who withdrew funds in the momentary panic came back and reopened their accounts. In every case, they were apologetic for even a temporary loss of confidence in the institution. The momentary panic among a small number of its depositors started as the result of a jest. Newsboys were crying an extra, and some man called out in a crowd that this bank had failed. From that as a starter, evil rumors spread. NO NEW OKLAHOMA U. HEAD YET. Negotiations Still in Progress With Prof. W. N. Kiekhofer. TULSA, OK., July 12.—Negotiations still are in progress with Prof. W. N. Keikhofer of Madison, Wis., who has been offered the presidency of the University of Oklahoma, C. J. Wrightsman, president of the state board of regents, said here last night. Mr. Wrightsman refused to state whether Professor Kiekhofer had accepted the board's offer, as indicated in dispatches from Madison. "I cannot be quoted at this time," the board president said. "Negotiations with Mr. Kiekhofer are in progress and there can be nothing to make public until they are completed." PROSECUTOR FILES ON SELF. Then a City Attorney Pleads Guilty and Pays Fine for Fighting. WEST PLAINS, Mo., July 12.—After he had engaged in a fistic encounter with L. Kneedler, West Plains dog trainer, H. D. (Dick) Green, jr., city attorney of West Plains, filed a charge against himself in police court for "assault with the fists upon another." After filing the charge against himself, the city attorney entered a plea of guilty and paid a dispute over rent for a house in which Kneedler has been living and for which Green is the agent. Green did not file a charge against Kneedler. HOME FROM EUROPEAN TRIP. Joseph G. Peppard, Jr., Notes Much Building in War Districts. Joseph G. Peppard, jr., 3710 Robert Gillham road, vice-president of the J. G Peppard Seed Company, returned today from a three months' trip in Europe. While there he motored through the battle sectors of France, Germany and Belgium, visiting the Argonne, Chateau Thierry and Verdun.

3. July 18, 1923 The Weekly Kansas City Star Kansas City, MO
Article from The Weekly Kansas City Star, July 18, 1923

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Article Text

JEST CAUSES RUN ON BANK. But Confidence in Eldorado Institution Is Restored. Eldorado, Kas.—A little flurry among depositors of the Citizens State Bank, started as the result of rumors arising from an unthinking jest, subsided as quickly as it flared up. Business at the bank resumed its normal trend a day later and many persons who withdrew funds in the momentary panic came back. The momentary panic among a small number of its depositors started as the result of a jest. Newsboys were crying an extra, and some man called out in a crowd that this bank had failed. From that as a starter, evil rumors spread.