10238. Bank of Hayti (Hayti, MO)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
November 19, 1905
Location
Hayti, Missouri (36.234, -89.750)

Metadata

Model
gpt-5-mini
Short Digest
c0981ec5

Response Measures

None

Other: Cashier absconded with funds; run was narrowly avoided by public assurances.

Description

Multiple articles report that the cashier Granville (Gwyn/Gwynn) absconded on November 19, 1905 with ~ $17k, causing alarm. The newspapers state that a run was only prevented by assurances of the bank's stability; there is no mention of suspension, reopening, or receivership. OCR variants of the cashier's surname (Gwyn/Gwynn) and minor differences in the reported amount ($17,021โ€“18,000) appear in the sources.

Events (1)

1. November 19, 1905 Run
Cause
Bank Specific Adverse Info
Cause Details
Cashier Granville Gwynn absconded with bank funds (shortage reported ~$17,000), prompting depositor alarm.
Measures
Bank officials gave public assurances of the institution's stability to avert a run.
Newspaper Excerpt
When the news of Gwynn's flight became known, a run on the bank was only prevented by assurances of the institution's stability.
Source
newspapers

Newspaper Articles (3)

Article from Omaha Daily Bee, September 14, 1906

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Article Text

FUGITIVE CASHIER RETURNS Man Who Took Money from Missouri Bank Travels Around the World. ST. LOUIS, Mo., Sept. 13.-A special to the Post-Dispatch from Hayti, Mo., says that having traveled leisurely through the United States and around 'the world, a fugitive from justice for a year, Granville Gwynn, former cashier of the Bank of Hayti, who fled from this city leaving an alleged shortage of $17,022. returned yesterday and surrendered to the authorities for trial. Gwynn was at once bound over in the sum of $5,000. The bond was signed by his father, F. M. Gwynn. W. H. Foley and S. R. Gettings and he was released. The trial will be held at the next term of the circuit court. On November 19, 1905, Gwynn suddenly departed from Hayti, leaving a note to the president, John L. Dorris of the bank, stating that the books and papers would be found all right and nothing would be found wrong excepting a shortage of $17,022 in the cash. Gwynn's disappearance startled the community. He had been considered a model young man of frugal habits. A reward of $500 for his apprehension was offered. Gwynn's personal property, which was turned over to the bank, amounted to $6,000. His cashier's bond was $5,000. leaving the net loss to the bank at $7,000. When the news of Gwynn's flight became known, a run on the bank was only prevented by assurances of the institution's stability. Gwynn admits that his sole purpose in returning voluntarily was to clear up the charges against him. His grandfather, Dr. S. M. Haines established the town of Hayti, twelve years ago and it now has a population of 2,000.


Article from Abilene Weekly Reflector, September 20, 1906

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Article Text

FUGITIVE CASHIER RETURNS Granville M. Gwyn, Who Fled from Hayti, Mo., Surrenders. Left a Shortage of $17,021-After Thaveling Around World Comes Back to Face Consequences. Hayti, Mo., Sept. 14.-After having travelled leisurely through the United States and on around the world, a fugitive from justice for nearly a year, Granville M. Gwyn, former cashier of the Bank of Hayti, who fled from this city leaving an alleged shortage of $17,021, returned Wednesday and surrendered to the authorities for trial. Gwyn was at once bound over in the sum of $5,000. The bond was signed by his father, F. M. Gwyn, W. H. Foley and S. R. Gettings, and he was released. The trial will be held at the November term of the circuit court. On November 19, 1905. Gwyn suddenly departed from Hayti, leaving a note to the president, John L. Dorris, of the bank, stating the books and papers would be found all right and nothing would be found wrong excepting a shortage of $17,021 in the cash. Gwyn's disappearance startled the community. He had been considered a model young man of frugal habits. A reward of $500 for his apprehension was offered. Gwyn's personal property, which was turned over to the bank, amounted to $6,000. His cashier's bond was $5,000, leaving the net loss to the bank about $7,000. When the news or Gwyn's flight became known a run Oh the bank was only prevented by assurances of the institution's stability. Gwyn admits that his sole purpose in returning voluntarily was to clear up the charges against him. His grandfather, Dr. S. M. Hayes, established the town of Hayti 12 years ago, and It now has a population of $2,000.


Article from Los Angeles Herald, September 26, 1906

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Article Text

still unexplained and may not be fully revealed until the trial. A Model Young Man Gwyn apparently was a model young man of good family, 28 years old, medium stature, a neat but not fastidious dresser and frugal habits. He was very devoted to a young society woman here. It was Sunday, Nov. 19, 1905, that Gwyn took $18,000 of the bank's funds and skipped. He wound the time lock on the bank safe to its full limit, 74 hours, and boarded a train for St. Louis, telling his friends he was going to the city on business. The young man's theft of the bank's funds was not suspected until the following Tuesday, when the president received a letter from the absconding cashier, telling what he had done. The intelligence came like lightning from a clear sky. Gwyn gave no reason for his act. When the 74 hours, on which the time lock had been set, had expired the safe was opened and in it was found a letter addressed to John L. Dorris, president of the bank. The letter informed Mr. Dorris that the books and papers would be found all right and nothing would be wrong excepting the cash, and that would be short $18,000. His Property Worth $6000 He wrote that he would leave his note to cover the shortage, but the note was never found, and if it had, would, of course, have been of no value. Gwyn's personal property, which was turned over to the bank, amounted to about $6000. His cashier bond was $5000, leaving the bank's net loss about $7000. His father and mother and all his near relatives live here. They are among the county's best citizens. His grandfather, Dr. G. M. Hayes, established the town of Hayti twelve years ago, since which it has grown into a city of 2000. Gwyn is a cousin of the noted jockey, Carroll Mitchell, who is in Russia, and it is believed he visited Mitchell when on his trip around the world. When the news of Gwyn's flight with the bank's funds became known, a run was only prevented by assurances of the institution's stability. The capital of the bank is $20,000. J. L. Davis of this city is president, and D. D. Harburt, county assessor, vice president. J. E. Franklin of the Fredericktown (Mo.) Trust company is a large stockholder. It is one of the sixty-five banks which he promoted. Left Two Notes Gwyn left two typewritten letters in the safe, one to J. E. Franklin and one to J. L. Dorris, president of the bank. The letter to Mr. Dorris was: Hayti, Nov. 19, 1905. Mr. John L. Dorris, Pres., Hayti, Mo. Dear Mr. Dorris: All notes will check up and balance with daily statement. Our accounts with the Third National bank will balance with daily statement on November 18, 1905. All deposit accounts are correct on same date. You will find nothing short but cash, and it will be short $17,021. I am giving you these facts so you stockholders will not get your balance in a jam. Yours truly, G. W. GWYN. The letter to Mr. Franklin was rather sarcastic and revengeful, the following being an extract: 'You had better come down and take charge of your bank. It is $17,000 short and will need you. You gave me some talk when you were here last. I did the best I could. There are so many banks in the country that I could not get the interest we used to get. You will find my note to cover $17,000 shortage." Mr. Franklin had given Gwyn some