Article Text
Nashville Bank Suspends. The Howard County Bank, located at Nashville, Ark., has suspended pay. and asked for a receiver.
Howard County Bank (Nashville, AR)
Episode Information
- Episode UID
1635882991238- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
163588299hash - Start Date
- February 13, 1903
- Location
- Nashville, Arkansas (33.946, -93.847)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
eeab02e09c63acd5
Response Measures
None
Description
Failure tied to large cashier shortages and alleged defalcation by the cashier.
Events (2)
1.
February 13, 1903
Receivership
- Newspaper Excerpt
- its officers have asked that a receiver be appointed to take charge of its assets. Chancellor Shaver ... appointed a receiver, on the application of Terry. James Skillern was appointed receiver and at once took charge.
- Source
- newspapers
2.
February 13, 1903
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank found insolvent with liabilities exceeding assets; rumored shaky condition and depositor withdrawals.
- Newspaper Excerpt
- The Howard County Bank, located at Nashville, Ark., has suspended pay. and asked for a receiver.
- Source
- newspapers
Newspaper Articles (13)
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BANK HAS SUSPENDED. Little Rock, Ark., Feb. 14.-The Howard County Bank of Nashville, Ark., suspended to-day, and its officers have asked that a receiver be appointed to take charge of its assets.
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SPARKS FROM THE WIRES. Gov. Yates has designated Friday, April 24, as Arbor day in Illinois. The Howard county bank at Nashville, Ark., has suspended, and the appointment of a receiver was asked. Prof. Mazzoni, the pope's physician, declares the pontiff is in excellent health and gains in vigor each year. Over $1,000,000 was left to St. Paul poor by the will of Mrs. Cornelia D. W. Appleby. Trained nurses were among the provisions made for them. Premier Balfour in a speech at Liverpool said the United States should teach South American governments to observe the principles of international courtesy. H. M. Niles, manager of the United Cigar Stores company, 112 Clark street, Chicago, committed suicide after losing $75 of the company's funds in a poker "club." Regina Curry, a young Philadelphia seamstress, was beaten to death near that city. A man who was seen to follow her has disappeared. His name is known to the police. In the French chamber of deputies Maurice Binder, nationalist, called Premier Combes a "weather cock" and a riotous scene followed, resulting in the suspension of the sitting. Count Maurice de Bosdari, member of a distinguished Italian family, is sought by the London police for alleged forgery of bills in J. P. Morgan's name. It is said $150,000 was secured from business men. A package containing $50,000 in commercial paper was lost on January 31 by postal employes on a Pennsylvania train between Louisville and Indianapolis. Search of empty pouches failed to discover it. Carelessness is blamed. The California legislature's investigation of the San Quentin and Folsom state prison abuses disclosed one convict killed and many permanently crippled by straitjackets. The Spanish windlass was used to extract confessions. Illinois and Missouri legislatures are asked by St. Louis fair officials to make forging, altering or "scalping" railroad tickets a prison offense. A threat is made by the railroads to refuse reduced rates unless legislation is secured.
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Howard County Bank Closes. Hope, Ark.: The Howard County Bank of Nashville posted a notice Friday that a receiver would be asked for. It was believed that the bank was shaky and a number of depositors had witdrawn. Deposits are supposed to be about $40,000. The liabilities are not known. The failure has not affected the Planters' Bank, although it was prepared to meet a run.
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DOMESTIC. The exchanges at the leading clearing houses in the United States during the seven days ended on the 13th aggregated $1,904,302,101. The decrease compared with the corresponding week of last year was 1.2. The annual meeting of the American road makers and the international good roads conference opened in Detroit with 25 states represented. Charles Carpenter, a farmer near Oskaloosa, Ia., was robbed of $3,700 that was secreted in the cellar of his house. Bitterly cold weather prevails in Nevada, Utah, Idaho and Wyoming. Wells, Nevada, reported a temperature of 42 degrees below zero Weekly trade reviews report the demand in excess of the supply in many commodities, giving markets a strong tone. Protocols raising the Venezeulan blockade and referring the question of preferential treatment for the allies' claims to The Hague were signed at Washington. In a duel at a resort in Galena, Kan., Charles Trotter and Earl Gent killed each other. The Howard county bank at Nashville, Ark., has suspended, and the appointment of a receiver was asked. Joseph E. Cot and Juan Gonzales, who killed an old man and robbed the corpse, were hanged at San Quentin, Cal. There were 230 business failures in the United States during the seven days ended on the 13th, against 264 the same week in 1902. Gov. Yates has designated Friday, April 24, as Arbor day in Illinois. Clarence S. Darrow made the closing argument before the strike commission in Philadelphia in behalf of the miners' union. The next meeting will be held in Washington for preparation of award. Over $1,000,000 was left to St. Paul, (Minn.) poor by the will of Mrs. Cornelia D. W. Appleby. Detectives raided "get-rich-quick" turf commission concerns in Chicago, made many arrests and carried off bundles of betting literature. An exhibition of automobiles opened at the coliseum in Chicago with exhibits valued at $500,000. A package containing $50,000 in commercial paper was lost by postal employes on a Pennsylvania train between Louisville and Indianapolis. Mrs. Roosevelt has succumbed to the long strain incident to her social duties and has been ordered by her physician to keep to her bed. Senator Tillman, speaking in New York, predicted bloodshed if the policy- of forcing negroes over whites in the south is continued. The McKinley Memorial association has collected over $500.000 for a monument and announces that $100,000 more will be collected before work is begun. Gen. Miles and party arrived in New York on the Lucania after an absence of five months in Europe and the Orient. Edward Jones, aged 68, and his sister, aged 58, killed themselves in New York because they had lost $25,000 in speculation. The Audubon theater, built at New Orleans in 1853 and known as the "Academy of Music," was destroyed by fire. Itis announced that nonunion miners will not participate in the increase in wages granted by the new scale agree. ment at Indianapolis. Railroad officials plan radical measares in order to compel shippers to bandle freight promptly.
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DOMESTIC. Eight persons were killed and four injured by an explosion in a cane factory at Fostoria, O. John J. Ryan, head of a "get-richquick" turf concern, was arrested in St. Louis. Organized labor in Chicago welcomed John Mitchell, Clarence S. Darrow and Henry Lloyd at a meeting in the Auditorium. A woman school teacher at Thayer, Ill., saved the lives of pupils by dropping them from a second story window of the burning schoolhouse. The Indiana legislature defeated a bill allowing Sunday baseball in that state. George B. Cortelyou has been nominated and confirmed as secretary of the department of commerce and labor. William Loeb will succeed him as secretary to the president. The southern Illinois normal university at Carbondale, owing to the scarcity of coal, was forced to close. The new battleship Maine left the League Island navy yard to join the North Atlantic squadron at Galveston, Tex. Oliver Nichols a lumberman. shot and killed Mrs. Ira Shaffer near Eddie, Pa., and then killed himself. Jealousy was the cause. Conductor John Summers, Engineer Benjamin Spencer and Switchman W. E. Rogers were killed in a railway wreck near Leadville, Col. The national golf championship for women has been awarded to the Chicago Golf club. Lieut. Gen. Miles, with Mrs. Miles and Col. Maus, of his staff, and Mrs. Maus, have returned to Washington after their tour of the world. A Western railraad pass war has been started by Rock Island's decision to issue passes to shippers and merchants. Upon reports that conditions in Honduras are threatening American interests Secretary Moody has decided to send Admiral Coghlan's fleet of cruisers and gunboats, now cruising in the Caribbean, to the gulf coast of Honduras. A Syracuse (N. Y.) banker celebrated his birthday by giving a unique party to 125 widows. Miss Alice Roosevelt and Miss Root were shown special honor by New Orleans residents at the Mardi Gras Atlantean ball. The passenger steamer Olive was struck by a cyclone on the Chowan river, near Edenton, N. C., and 18 persons were drowned. The exchanges at the leading clearing houses in the United States during the seven days ended on the 13th aggregated $1,904,302,101. The decrease compared with the corresponding week of last year was 1.2. Senator Tillman, speaking in New York, predicted bloodshed if the policy of forcing negroes over whites in the south is continued. Edward Jones, aged 68, and his sister, aged 58, killed themselves in New York because they had lost $25,000 in speculation. A receiver has been appointed at Cleveland for the National Computing Scale company, capitalized at $275,000. The Howard county bank at Nashville, Ark., has suspended, and the 1 appointment of a receiver was asked. An exhibition of automobiles opened i at the coliseum in Chicago with exhib1 its valued at $500,000.
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BANK CASHIER CRIMINALLY CHARGED. Hope, March 5.-D. P. Terry, excashier of the Howard County bank, at Nashville, was arrested Monday afternoon at Nashville, charged with receiving deposits during the insolvency 01 the bank. The arrest was made at the instance of A. J. Forgy and A. W. Reece. Terry's bond was fixed at $1,000, which was made, Fezil & Bishop being security. The Howard County bank closed its doors about three weeks ago, and at the time there were rumors that the liabilities were far in excess of the assets. James Skillern was appointed receiver by Chancellor Shaver, and at once took charge. His report, filed this week with the clerk of the Howard chancery court at Center Point, shows a shortage of $26,701.06, the liabilities being $144,631.45 and the assets but $117,930.39. Of the assets $16,625 consists of notes from former Cashier D. P. Terry for money due the bank, and his overdrawn drafts, etc., amount to $859.31, making a total of $17,484.31 he is alleged to be due the bank. Monday afternoon Asa J. Forgy and A. W. Reese of Center Point made affidavits before a justice of that town, charging that Cashier Terry received deposits when the bank was insolvent, it-being alleged that several thousand dollars was taken in. The warrant was taken to Nashville and served on Mr. Terry at his home there by Sheriff Custer.
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Bank Cashier Undsr "Arest. D. P. Terry, cashier of the defunct Howard County bank, at Nashville, has been arrested at that place and charged with having received deposits when the bank was insolvent. The warrant for Terry was issued on affidavits of Asa J. Forgy and A. W. Reese, of Center Point. When the Howard County Bank closed its doors James Skillern was appointed receiver. His report made recently showed the liabilities to be $26,701.06 in excess of the assets. Of the latter, $17,484.31 is alleged to be due the bank from Cashier Terry on overdrawn drafts and notes held by the bank against him.
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Bank Cashier Undsr Arrest. D. P. Terry, cashier of the defunct Howard County bank, at Nashville, has been arrested at that place and charged with having received deposits when the bank was insolvent. The warrant for Terry was issued on affidavits of Asa J. Forgy and A. W. Reese, of Center Point. When the Howard County Bank closed its doors James Skillern was appointed receiver. His report made recently showed the liabilities to be $26,701.06 in excess of the assets. Of the latter, $17,484.31 is alleged to be due the bank from Cashier Terry on overdrawn drafts and notes held by the bank against him.
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ARKANSAS IN BRIEF. Geo. W. Pearlee shot and killed by Wm. Shaw at Augusta. Both are negroes. Depositors enter suit at Nashville against stockholders of Howard county bank. which lately closed its doors. Appointment of new receiver to be asked for. Report in break of levee at Pendleton does not affect new levee, and all water now in sight can be withstood by new levee. J. M. Taylor. who was shot by a negre boy at Pendleton. is resting easily. No danger of an overflow at South Bend. Hon. Tom D. Brooks elected special circuit judge at Morrilton. -Atkins high school closes with an address by State Superintendent J. H. Hinemon. Russellville Record says Hon. U. L. Meade will oppose Hon. C. C. Reid for congress. V. Cowart. of Cleveland county, rob be of $2.00 in gold that he had buried.
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D.P. Terry Wrecks Bank. Little Rock, Ark., April 15The recent failure of the Howard County Bank at Nashville, Ark., was again brought to the front yesterday when Gov. Davis is. sued a proclamation offering a reward of $500 for the arrest and conviction of D. P. Terry, the late cashier, who is charged with defalcation. The bank closed its doors early in February, and it was rumored at the time that the assets were wholly inadequate to pay off the depositors. On February 13, Chancellor Shaver of the Sixth district appointed a receiver, on the application of Terry. The receiver found, according to his report, that Terry was indebted to the bank in the sum of $17,500, none of which was secured, and further, according to report, that he was short in his accounts with the bank about $25,000. In March, shortly after the report of the receiver was made, a warrant was issued for Terry's arrest for a felony. The warrant was served on him at his home in Nashville. He gave a $1,000 bond for his appearance at the preliminary hearing March 10, at Centre Point before Justice of the Peace Rivers. It is alleged that he gave his bondsmen a mortgage on his property and left the town and State and has not since returned, said bond now being forfeited. The application for the reward was made by C. C. Custer, N. J. Choate and thirty-seven other depositors in the bank and alleges that Terry has "absconded and has so far secreted himself from the officers of the law that he may not be tried and said charge and other and more grave offenses against the laws of the State, which your petitioners are informed and believe defendant guilty of."
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CASHIER Of Howard County Bank Will Be Tried Af February Term Says the Nushville correspondent of the Arkansas Gazette: D.1 P. Terry, former cashier of the Eoward County bank, has giv en bond in the sum of $6,000 and has been released from custody. The Howard, County bank failed Friday, Fernary 13 1903, and its affairs were found to be in a bad condition by the receiver, J. H. Skillern. Terry was arrested and seven indictments were returned against him. He was released meantime on a $2,000 bond, which he forfeited, and his whereabouts was not known to the officers until last July, when he was located at Los Angeles, Cal. A reward of $500 was offered for his arrest. A man thought to have beeu him was arrested in Alabama in the summer of 1903 and the late Sheriff C. C. Custer went there only to find the man held was not Terry When arrested in Los Angeles Sheriff Perry Williams accompanied by J. E. Young, one of the losers by the bank's failure and who had spent much effort in trying to locate him, weut there to bring him back. Just as the train was ready to pull out a writ of habeas corpus was served on Sheriff Williams. This only delayed the matter for two or three days, as the extradition papers were found to be correct. He was brought back the end of July and placed in jail. Last week two of the seven cases against him were dismissed by the state and the others continued until the February term.
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JUDGE BAKER FOUND GUILTY Prominent Howard County Man Given One Year for Perjury-Echo of Old Howard County Bank Failure. One of the most in'eresting criminal trials had at the present term of the Sevier county circuit court being held at De Queen, was that of the state against Judge H. N. Baker of Nashville. Ark., on a charge of perjury, who was convicted and sentenced to serve one year in the penitentiary. The origin of this case dates back to the failure of the Howard County Bank, which occurred in 1904. In February of that year, J. H. Skillem, receiver for the bank, brought suit against Mr. Baker for $568.30, due on note. Mr. Baker took a change of venue to Polk county and the case went to trial at the September, 1904, term of circuit court. Baker produced receipt signed by Terry, ex cashier of the bank, showing note given as an accommodation. When B ker did this, plaintiff dismiss d case. At the April 1906 term of the Polk county circuit court Baker was indicted for perjury in connection with the note deal with the bank for false swearing as to time and date note was given. A change of venue was taken to Sevier county. In the trial the state proved that. Baker had secured his receipt from Cashier Terry in old Mexico, nearly two years after the failure or the bank, and upon this showing the jury convicted the man. The attorneys of Mr. Baker gave notice of appeal and the case will be carried to the Supreme court. Hon. Hal L. Norwood of this city was one of the attorneys for the prosecution in this case. Mr. Baker has been a very prominent man in Howard county, being judge at one time.