Imperial Bank (Olive Hill, KY)

Episode Information

Episode UID
3225930991323
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
322593099 hash
Start Date
March 28, 1910
Location
Olive Hill, Kentucky (38.300, -83.174)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b8209ade0b7496f0

Response Measures

None

Description

Bank placed in hands of a receiver after cashier W. J. Rice was indicted for embezzlement.

Events (2)

1. March 28, 1910 Suspension
Cause
Government Action
Cause Details
Bank placed in hands of a receiver following indictment of cashier W. J. Rice for embezzlement.
Newspaper Excerpt
W. J. Rice, cashier of the Imperial bank here, was indicted for embezzlement and the bank was placed in the hands of a receiver.
Source
newspapers
2. March 29, 1910 Receivership
Newspaper Excerpt
W. J. Rice ... is under arrest and indictment and the bank has been placed in the hands of a receiver. Rice is accused of embezzlement, securing money by false pretense and making a false report of the bank's condition.
Source
newspapers

Newspaper Articles (10)

Article from The Paducah Evening Sun, March 28, 1910

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Article Text

HIGH FINANCE IN EAST KENTUCKY MR. RICE PLANTED FINANCIAL INSTITUTIONS IN MANY PLACES. Olive Hill, Ky., March 28. (Special.)-W. J. Rice, cashier of the Imperial bank here, was indicted for embezzlement and the bank was placed in the hands of a receiver. Rice is missing. He had founded banks. in a number of eastern Kentucky towns. He is also indicted in Mississippi,


Article from Atlanta Semi-Weekly Journal, March 29, 1910

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Article Text

FOUNDER OF BANKS FACES SERIOUS CHARGE W. J. Rice, of Olive Hill, Ky., Is Placed Under Arrest. Receiver Is Named. (Bv Associated Press.) LEXINGTON, Ky., March 28.-W. J. Rice, cashier and founder of the Imperial bank, Olive Hill, Ky., is under arrest and indictment and the bank has been placed in the hands of a receiver, according to a dispatch from there today. Rice is accused of embezzlement, securing money by false pretense and making a false report of the bank's condition. Similar charges are pending against him at Jackson, Miss., where he was indicted two years ago. Rice had also founded banks at Middlesboro, and Carter, Ky., and other towns in this state and in Mississippi. The protests of drafts from the Middlesboro bank, of which the Imperial bank was a depository, caused the trouble. Rice was arrested a year ago for troubles connected with his bank at Morehead, Ky., but managed to straighten these out.


Article from Americus Times-Recorder, March 29, 1910

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Article Text

KENTUCKY BANKER HAS GONE WRONG Has Previously Done Likewise in the State of Mississippi. (Special to Times-Recorder.) Lexington, Ky., March 28.-W. J. Rice, cashier and founder of the Imperial Bank, Olive Hill, Ky., is under arrest and indictment and the bank has been placed in the hands of a receiver. Rice is accused of embezzlement, securing money by false pretense and making false report of the bank's condition. Similar charges are pending against him at Jackson, Miss., where he was indicted two years ago.


Article from The Washington Herald, March 29, 1910

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Article Text

Charged with Embezzlement, Lexington, Ky., March 28.-W. J. Rice, organizer of State banks in Kentucky, Louisiana, and Mississippi, his latest project being the Imperial Bank, at Olive Hill, Ky., is under arrest charged with embezzlement of the funds of the institution. The Imperial Bank was to-day placed in the hands of a receiver.


Article from Norwich Bulletin, March 30, 1910

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Article Text

The Report of the Death of King Menelik of Abyssinia is officially denied. The Twenty-third Congress of the Institute of International law was begun in Paris, Dean Sumner Held a Special Easter service on the stage of a vaudeville theatre in Chicago, Sewall F. Caneb, a Princeton student ran away from college and went to Europe as a stowaway. Dr. F. A. Cook Could not be found on board the steamer Abengarez when it arrived at New Orleans, Brigadier General Hawkins, governor of the National Soldiers' home, died suddenly at Glen Springs, N. Y. Mount Etna Showed Danger signs again and natives carried out their holy images and household goods. President Taft Sent a Special message to congress urging an appropriation of $250,000 for the tariff board. A Kosher Meat Famine is imminent in St. Louis because 42 shops have closed on account of a price-cutting war. Admiral Dillingham Returned from Hampton Roads, where he investigated conditions aboard the scout cruiser Salem. Mrs. Helen M. Mitchell died in Brooklyn from her thumb being pierced by the thorn in a pineapple she was paring. The Town of Gray, Ind., annexed three adjoining towns with an aggregate population of 70,000 without getting their consent. W. J. Rice, Cashier of the Imperial bank at Olive Hill, Ky., is under arrest and the bank has been placed in the hands of receivers. Colonel Roosevelt Delivered an address before the students of the University of Egypt and also visited the Girls' Mission school. Whether the Soldiers Discharged for shooting up Brownsville, Tex., are to be allowed to re-enlist may depend upon a big, black dog. There Has Been Another vigorous eruption of Mount Etna, which has set the stream of lava in motion through the Fra Diavola district. Prince Charles of Monte Carlo has acceded to the demand for a parliament and municipal council to be elected by universal suffrage, The Republicans of the House will hold a caucus next week to arrange a programme for putting through the pending administration measures. The Senate Committee on Judiciary to a decided the make favorable report upon nominations of judges for the new Customs Court of Appeals. The Interstate Commerce Corimission reduced the lake and rail rates on flour from Minneapolis, Minn., to New York city, from 23 cents per 100 pounds to 211-2 cents. Col. Levi Candee Weir, who was president of the Adams Express com1 pany from 1894 until 1909, died at the Hotel Plaza, New York, from a comthe


Article from Norwich Bulletin, March 30, 1910

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Article Text

W. J. Rice, Cashier of the Imperial bank at Olive Hill, Ky., is under arrest and the bank has been placed in the hands of receivers.


Article from Manchester Democrat, March 30, 1910

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Article Text

CLOSE BANK; ARREST CASHIER W.J. Rice of Olive Hill, Ky., Charged with Embezziement and Making False Reports. Olive Hill, Ky., Mar. 29.-W. J. Rice, cashier and founder of the Imperial bank here, is under arrest and indictment and the bank has been placed in the hands of a receiver. Rice is accused of embersiement, securing money by false pretense and making a false report of the bank's condition. Similar charges are pending against him at Jackson, Miss., where he was indicted about two years ago.


Article from The Mitchell Capital, March 31, 1910

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Article Text

LEXINGTON BANKER IS CALLED AN EMBEZZLER Lexington, Ky., March 30.-W. J. Rice, cashier and founder of the Imperial Bank of Olive Hill, Ky., is under arrest and indictment and the bank has been placed in the hands of a receiver, according to a dispatch from there today. Rice is accused of embezzlement, securing money by false pretenses and making a false report of the bank's condition.


Article from The Bon Homme County Independent, March 31, 1910

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Article Text

LEXINGTON BANKER IS CALLED AN EMBEZZLER Lexington, Ky., March 30.-W. J. Rice, cashier and founder of the Imperial Bank of Olive Hill, Ky., is under arrest and indictment and the bank has been placed in the hands of a receiver, according to 9. dispatch from there today. Rice is accused of embezzlement, securing money by false pretenses and making a false report of the bank's condition.


Article from The Big Sandy News, April 1, 1910

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Article Text

The Rice Bank Closed. Upon the order of Circuit Judge Hannah, the Imperial Bank of Olive Hill, known as "The Rice Bank," was placed in the hands of a receiver last Friday night, Mr. W. T. Womack, cashier of the Commercial Bank of Grayson, being named as receiver. The Imperial Bank was organized by W. J. Rice, the well known bank organizer and financier, about one year ago, but the instituion could not establish itself on a sound footing because of aggressive opposition in the local field there being two other banks in the town of Olive Hill.-Olive Hill Times.