Word: hodiamont
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Dates: during 1930-1939
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...small Hodiamont Bank closed, touching off runs that spread to most of the small banks in & about St. Louis. Big banks in the downtown district, well fortified with cash, were not affected although they stayed open far into the night receiving deposits brought in from the suburbs, cheerfully paying out cash to all who asked. One by one the little banks went crashing to the wall. On Monday of this week eight failed to open for business, making the total 16. Deposits of $12,000,000 were tied up tight. In the last batch to go was the Scruggs, Vandervoort...
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