Article Text
Eufaula Bank Suspends. Washington, Oct. 21.-The comptroller of the currency today received a telegram announcing the suspension of the Buffalo National bank at Eufaula, Ala.
Eufaula National Bank (Eufaula, AL)
Episode Information
- Episode UID
230901222- Episode Type
- Run → Suspension → Closure
- Bank Type
- national
- Bank ID
-
23090national - Charter Number
- 2309
- Start Date
- October 21, 1901
- Location
- Eufaula, Alabama (31.891, -85.145)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
82f05a1bc448e434
Response Measures
Full suspension, Books examined
Receivership Details
- Depositor recovery rate
- 74.6%
- Date receivership started
- 1901-10-21
- Date receivership terminated
- 1904-05-04
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 56.1%
- Share of assets assessed as doubtful
- 12.5%
- Share of assets assessed as worthless
- 31.3%
Description
OCR variants in some articles (Eufala) corrected to Eufaula.
Events (5)
1.
November 30, 1875
Chartered
- Source
- historical_nic
2.
October 21, 1901
Receivership
- Source
- historical_nic
3.
October 21, 1901
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Unusually heavy withdrawals combined with poor collections strained liquidity and prompted the run.
- Newspaper Excerpt
- An unusually heavy run on the bank and poor collections are assigned as the cause of the failure.
- Source
- newspapers
4.
October 21, 1901
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank suspended after heavy run and poor collections; comptroller received telegram announcing suspension.
- Newspaper Excerpt
- The comptroller of the currency today received a telegram announcing the suspension of the Eufaula National bank at Eufaula, Ala.
- Source
- newspapers
5.
November 4, 1901
Receivership
- Newspaper Excerpt
- Mark L. Crawford, national bank examiner, has been appointed receiver of the failed Eufaula National Bank, of Eufaula, Ala.
- Source
- newspapers
Newspaper Articles (24)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Bank Suspends. Washington, D. C., Oct. 21 - The comptreller of the currency rec lived a telegram announcing the suspension of the Eufaula National bank, Eufaula, Ala. No details are given.
Click image to open full size in new tab
Article Text
Entala Bank Suspends. Washington, Oct. 21.-The comptroller of the currency today received a telegram announcing the suspension of the Eufala National bank at Eufala, Ala. No details were given.
Click image to open full size in new tab
Article Text
cr BANK SUSPENDS. South n Institution is Compelled to Quit Business. Washington, Oct. 21.-The comptroller of the currency today received a tele/gram announcing the suspension of the Eufala national bank. of Eufala, AA.
Click image to open full size in new tab
Article Text
BANK SUSPENDS. Eufaula, Ala., Oct. 22.-The Eufaula National bank has suspended. No statement IS made.
Click image to open full size in new tab
Article Text
EUFAULA BANK SUSPENDED. Details of Its Troubles Not Given. In Good Condition at Last Report. Washington, Oct. 21.-The controller of the currency to-day received a telegram announcing the suspension of the Eufaula National Bank at Eufaula, Ala. No details were given. The Controller appointed National Bank Examiner George R. deSaussure as temporary receiver. The condition of the bank, as shown by its report at the close of business, Sept. 30, 1901, was as follows: Liabilities-Capital stock $100,000; surplus and undivided profits, $6,568; circulation, $25,000; due to banks, $8,072; deposits, $94,601; borrowed money, $125,841; total $360,213. Resources-Loans and discounts, $232,841; United States bonds to secure circulation and premium, $26,000; stocks, securities, claims, etc., $13,460; banking house, furniture and fixtures, $15,000; other real estate owned, $42,313; due from other banks, $11,657. checks and cash items, $4,932; cash in hand and 5 per cent. redemption fund with treasurer United States, $14,009. Total, $360,213. Why Eufaula Bank Closed. Atlanta, Oct. 21.-A special to the Constitution from Eufaula, Ala., says: The Eufaula National Bank, the oldest financial institution in this city, closed its doors to-day. An unusually heavy run on the bank and poor collections are assigned as the cause of the failure. No statement has been given out and it is not known who will take charge. The institution has for years enjoyed the patronage and respect of the business community and its closing was a tremendous surprise.
Click image to open full size in new tab
Article Text
WASHINGTON - The comptroller o the currency has received a telegram an nouncing the suspension of the Eufala National bank at Eufala, Ala.
Click image to open full size in new tab
Article Text
Alabama Bank Quits. Washington, Oct. 21.-The comptroller of the currency has received a telegram announcing the suspension of the Eufaula national bank at Eufaula, Ala. No details were given.
Click image to open full size in new tab
Article Text
Eufaula Bank Fails. Washington, Oct. 21.-The comptroller of currency has received a telegram aLnouncing the suspension of the Eufaula National bank at Eufaula, Ala. No details.
Click image to open full size in new tab
Article Text
BANK AT EUFAULA, ALA., FAILS. Old Financial Institution Goes Down Under a Run. The Eufaula National Bank, at Eufaula, Ala., the oldest financial institution in the city, closed its doors yesterday. An unusually heavy run on the bank and poor collections are assigned as the cause of the failure. No statement has been given out, and it is not known who will take charge. The institution has for years enjoyed the patronage and respect of the business community, and its closing was a tremendous surprise. The controller of the currency yesterday received a telegram announcing the SUBpension. of the Eufaula National Bank, The controller appointed National Bank
Click image to open full size in new tab
Article Text
National Bank Fails. EUFALA, Ala., Oct. 21.-The Eufala National Bank, the oldest financial institution in the city, closed to-day. An unusually heavy run on the bank and poor collections are assigned as the cause. No statement has been given out.
Click image to open full size in new tab
Article Text
CREAM OF NEWS ++++++++++++ Summary of the Most Important Daily Happenings Tersely Told. ################ -Monday President Roosevelt of George an nounced the appointment collecKoester as internal revenue to for district of South Carolina tor succeed W. L. Webster, deceased. "Dear Schley" letter was -The to at Monday's session his again reverted Schiey inquiry court. Through admits reattorney of the Admiral Schley ceiving the document. -The Eufaula, Ala., National heavy bank run its doors Monday. A as the closed and poor collections arc given cause. fraud order has been issued Wil- at -A barring Mrs. Helen from us mans-Post, Washington of Daytona, Fla., healing ing the mails in her mental operations. plot to slaughter the American of Sa-A at Carbiga, on the island discovtroops in the Philippines, frustrate was mar, ered in time Saturday to -Yale college began the celebration of hundredth anniversary of the founding two of the institution Sunday of the -The democratic marching contem- club has abandoned the and will Chicago trip to Louisville, Ky., plated visit the Charleston, S. C., exposition. reports -British cruiser Pylades she has annexed Ocean islands, west that of the Gilbert islands No news was received from have Miss been Stone Sunday. Parties who returned to reach the brigands not be and trying reported that they could found on the Turkish side. comparative statement decrease of the in -A of Cuba shows a exports imports commerce and an increase in over last year. in Floy Hinds is placed postoffice, -Miss of the Decatur, Ala,, whose accharge her father, his resucceeding counts were mixed up, causing moval. -General James A. Walker, soldier, who lawyer and politician, history statesman, name in Virginia's south, carved a known throughout the Va. died and was at his home in Wytheville, Sunday. J. L. M. Curry, secretary respects to the Dr. school fund, paid his He Peabody President Roosevelt saturday. has been to that the suggestion succeed said President Roosevelt of made the late that president on the board for trustees. period of official mourning midnight -The late president ended at morning on Friday the white the night, and Saturday house and all the flags public buildings in Washington their staffs. the were raised to the top of Geor -Citizens of Elbert county, prosatisfied with the present Hillyer gia, are laws, and turn Dr. Guerry hibition down in his efforts to organize clubs. -Booker washington Roosevelt is roasted for the in Alabama as much as Alabamians thinkhouse dinner, judgment white Washington used bad in ing accepting the invitation. national treasury has $30,000, turned -The to North Carolina over tarheel over money expended in the for the state the in preparing soldiers Spanish-American war. a Chattanooga military company, Ten of the Sixth regiment, out nessee member National Guard, is mustered of regiof service on recommendation who show a disorganized mental condition officers, and a failure to attend drills -A young drug clerk named Quick Tenn. at Nashville, missing charged was arrested with abduction. The girl is found. the Schley inquiry Friday Oregon, Com- tes -At Nicholson, of the off Santi mander that during the battle miles tifled ago Sampson was seven or eight distant. the falling of rock in the Transit tun -By made by the Rapid Friday, five nel being of New York injured Company, killed and two of men were Saratoff, Bulgarian minister to Amer-M. has addressed a note prointerior, Consul General Dickinson, being ican HIS government of held testing responsible against for the abduction LESS Ellen Stone. is said that when the new the Hay "for -It treaty is framed, found tifications" Pauncefote clause will have been have dropped out. the of to H. Mory, cashier Pa., has -Milton bank of Boyertown, amount of National with a large clos disappeared securities, and the institution has ed its doors. police use extra lynching precau -London to prevent mob from her husband tried O'Della tion on Diss enarges de Bar of and immorality and fraud. Irwin county, Ga., 175. prohibition The elec- is -In by a vote of the full reg defeated was interesting and tion istration was at the polls.
Click image to open full size in new tab
Article Text
of age October 26th. Three new oil wells were brought in at Beaumont October 27. The Eufaula National Bank of Eufaula, Ala., the oldest financial institution in the city, has suspended. Rev. Otto Leak, aged 25, suicided at Cullman, Ala., the result of grief over the death of his sweetheart. Albert G. Smith, teller of the Merchants Bank at Lowell, Mass., is missing, SO is $115,000 of the bank's funds. Between 20 and 30 people, mostly girls, perished in a fire which destroyed Hunt, Wilkinson & Co.'s big upholstering establishment in Philadelphia. The state of Alabama will lose the sum of $37,000 by the failure of the Eufaula National bank, that sum being on deposit in the wrecked institution. A desperate battle took place beand Ky., a near tween Hopkinsville, union non-union in which miners beman named Coffey was killed, sides a number were wounded. Edward Stokes, of New York who shot the famous Jim Fisk, is dying. It is said the man in his ravings constantly refers to the famous tragedy and labor under the hallucination that he is haunted by his victim. A table prepared by the director of the mint shows that the coinage of gold for the world during the last calendar year was $354,936,497, a decrease from $466,110,614 for the preceding year. The coinage of silver was $177,011,902, an increase over the preceding year of $10,884,938. Of this sum $99,272,943 in gold and $36,845,621 in silver was coined in the United States. Lieut. Gen. Miles has reversed his views, and in his annual report will discuss the anti-canteen law and any effort to repeal that oppose in the law. Gen. Miles has been past one of the strongest advocates of the canteen system, and he was largely responsible for its adoption. He has changed grounds since the anti-canteen law was adopted, and now argues that the army is better off without the canteen. "In the line of duty, while receiving the people, the president was shot by Leon F. Czolgosz," is the official statement by Dr. Presley M. Rixey, medical inspector, U. S. N., as the introduction for his report upon the wounding, illness and death of the late President McKinley. The cause of death is thus stated: "Gangrene of both walls of the stomach and pancreas, following gunshot wound." The second trial of ex-Secretary of State Caleb Powers at Georgetown as accessory to the assassination of Gov. Goebel resulted in a conviction, and he was given a life sentence in the penitentiary. Powers sat pale and motionless when the verdict was announced by Foreman B. S. Calvert and his old choolmate. Opposite Powers, on the other side of the court room, with the attorneys sat Arthur Gocbel, brother of the late governor, with his eyes fixed on the prisoner. The attorneys of Powers shook his hands, expressing aloud their renewed belief in his innocence. Women crowded around Powers, embracing and kissing him, and tears were shed. The jury was out only 50 minutes. Pat Crowe has written another letter to Chief of Police Donahue of Omaha. This latest communica-
Click image to open full size in new tab
Article Text
The Eufala Bank Receivership. The Comptroller of the Currency today appointed Mark L. Crawford permanent receiver of the Eufala, Ala., National Bank, which failed about ten days age.
Click image to open full size in new tab
Article Text
Mark L. Crawford. national bank examiner. has been appointed receiver of the falled Eufaula National bank, of Eufaula, Ala.
Click image to open full size in new tab
Article Text
CONFIDENCE IS DWINDLING Depositors Have Little Faith in Defunct Eufaula Bank. Eufaula. Nov. 4.-(Special.)-J. Raburn Sanders, an old ard highly esteemed citizen of Barbour County, died at his home seven miles north of the city Saturday afternoon and was buried near there yesterday. Mr. Sanders was 76 years old and leaves a wife, a son and a daughter and some grand-children. The remains of W. F. Perry of Thompson's Station reached the city yesterday morning. The funeral was held from the passenger station and the interment took place in Fair View Cemetery. C. P. S. Daniel received a telegram Saturday afternoon announcing the death of his son, James Earl, which occurred in Tuscaloosa that day. The remains reached here this morning and were laid to rest in Fair View. The fall term of the Circuit Court convoned in Clayton this morning with Judge Evans presi iding. The day was consumed in empaneling the juries and sounding the docket. Quite a number of lawyers and jurymen left last night to be in attendance. Louie H. Dent and his brother, Warren, ft Saturday afternoon for Crystal Springs, Miss., where the former will wed Miss Genevere Lockwood of that city tomorrow. Warren Dent will act as best man. L. G. Lightfoot has been elected King of the Eufaula Street Carnival. Everything is in readiness and an effort will be It us to make the floral parade one of the most interesting events ever witnessed in the city. Receiver Marcus L. Crawford of Chicago is expected to take charge of the affairs of the Eufaula National Bank tomorrow. While nothing of the condition of its affairs has yet been given out, confidence in its ability to pay is growing less and 1e38 every day. Depositors are offering their claims at sacrifice and the general belief is that the savings bank will pay virtually nothing. Citizens are discussing the outlook on every corner, and all kinds of rumors are afloat. The general opinion is that the per cent. to depositors will be extremely small. Citizens from the surrounding country flooded the city Saturday and business went with a merry hum all day.
Click image to open full size in new tab
Article Text
Mark L. Crawford, special bank examiner, has been appointed receiver of the failed Eufaula National Bank, of Eufaula, Ala.
Click image to open full size in new tab
Article Text
Appointed Receiver. Washington, Nov. 4.-Mark L. Crawford, national bank examiner, has been appointed receiver of the failed Eufaula national bank of Eufaula, Ala.
Click image to open full size in new tab
Article Text
Mark Crawford Gets a Post. Washington, Nov. 4.-Mark L. Crawford, of Chicago, has been appointed receiver for the Eufaula National bank, Eufaula, Ala.
Click image to open full size in new tab
Article Text
Appointed Receiver. Washington, Nov. 4.-Mark L. Crawford, national bank examiner, has been appointed receiver of the failed Eufaula national bank of Eufaula, Ala.
Click image to open full size in new tab
Article Text
Appointed Receiver. Washington, Nov. 4.-Mark L. Crawford, national bank examiner, has been appointed receiver of the failed Eufaula national bank of Eufaula, Als.
Click image to open full size in new tab
Article Text
Mr. J. K. McDonald, receiver of the Eufaula National Bank, came to MontI He gomery last night from Eufaula. will return there this morning.
Click image to open full size in new tab
Article Text
Jones Orders Keep Silent But Grapevine' Works MAY LOSE OATES $38,000 New Feature of Case Is Savings Ac count Run in Connection With the Bank-These De. positors May Lose. Montgomery. November 23 -(Special.) The officials of the Eufaula National Bank will in al. probability have to face jury of their fello W countrymen answering a a charge in an indictment sitting found by the federal grand jury, now in this city. Though great care has been taken about the grand jury room to keep secret the work of that body, it has been generally the rumored that almost the entire (f present week has been conzumed in the hearing of the Eufaula bank case. Many prominent citizens of Eufaula have been before the grand jury, including city and and county officials The bank receiver the national bank examiner appeared early in the week, and when the newspa- the began to print stories concerning pers taking up of the case by the grand jury Judge Jones called the entire grand jury before him, and read them a severe grand lecture about the privacy of the room. This lecture had its effect, but of jury failed to put the "grapevine out it business. A week ago it was thought that grand jury would adjourn last Tuesthe but they must have had a bigger job then day, they anticipated for with the exper- in of this week the jury is still session. ation The rumor now corres that final adjournment will be had next Monday. have end that the Eufaula bank efficials indicted as a result ct a thorough known been of the care. It is not what investigation charge is made in the indictment. theugh embezzlement is hirted. General Oats' Bonds. be recalled that General W. C. had fifty thousand he forty thousand of Oates It the will bank, dolla. which of bonds in placed 'there as a trust deand the remaining ten to the bank. posit claims were loaned were When thousand bonds the failure was announced the Oates two of one thousand dollars each, the save were gone. Investigation developed been fact that some of the bonds had hypothecated in the Western National bank of New York. The bonds had been recently used, ten thousand in April and ten thousand E. in June. It is understood that Cashier B. Young claims that General Oates had him the privilege of using the bonds, given but this is positively denied by The Oates bonds were class A Oates. and were placed in the Eufaula Alabama some eighteen years ago. General the bank that he put them in Oates stated a safety deposit, thinkEufaula bank as misfortune should overhe him ing that in case would have the fifty thousend take dollars to fall back upon. The coupons of these bonds were placed regu- to larly clipped and the interest turn of General Oates, he in the credit against it for incidental exchecking In 1892 during the general depenses. pression over the country the Eufaula Oates in trouble and General bank was the bank a loan of ten thousand made of the bonds then on deposit. These dollars bonds have never been replaced reguinterest on them has been of but larly the paid and placed to the credit General Oates. The Personnel of the Bank. officers of the Eufaula bank all are the The the most respected men in the among and their indictment by wideSouth, jury will create federal spread sensation. grand S. H. Dent was cash- the bank's president and E. B. Young and ier. The men are brothers-in-law the highest family connections are and their State Both Messrs. Dent and in the have reared large families Young had sons employed in the bank. both families have not been considered sufThe wealthy, though they have had Dent very to live in comfort President wealth at ficient said to reckon his individual is all of which he has anabout $40,000. will go toward paying off the nounced depositors. It is said that Cashier own Young bank's has but little property in his right. While no statement of the bank's condihas been issued, it is believed that 50 tion will receive not more than depositors the dollar. It does not seem cents on that General Oates will get any the probable portion of the $38,000 in bonds used by bank. Twenty thousand dollars of these bonds Bank by the Western National are held and as that concern did of New York, General Oates in the transacnot know to him. The Eufaula tion it is not liable the Western National Bank also owed stated. A representaBank $78,000 it is has been in Montgomtive of that Eufaula bank during the week but occa- he refused ery and to be interviewed on all sions. Had Savings Department. "A feature of the Eufaula known National was its Bank savings failure department." not generally said a prominent Eufaulian today. conducted under department was the "This firm name of E. B. Young was & Co. paid It not chartered Interest to was upon deposits, the depositors withdrawal. agreeing fifty days' notice of Young deposit When give the bank failed the books of which & Co. been showed deposited $36,000 by on said Young & Co. achad in the Eufaula National Bank. The to be of Young & Co. is now said count with the Eufaula National overdrawn and the depositors with returns E. B. Bank, Young & Co. can hope for no whatever." The speaker said he was a loser tonight by the failure. It cannot be learned made to attempt, if any, has been arrest what the parties indicted, but no will trouble be in this connection. It is feared that when the bank failed volun- both President recalled Dent and Cashier Young the came to Montgomery with oftarily United States district attorney and fered to make any bond required/e6.them
Click image to open full size in new tab
Article Text
NEW BANK EXAMINER. The Comptroller of the Currency has appointed John K. McDonald, of Montgomery, Ala., a national bank examiner. He is now receiver of the Eufaula, Ala., National Bank,