Bank of Angie (Angie, LA)

Episode Information

Episode UID
7705197491361
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
770519749 hash
Start Date
May 1, 1913*
Location
Angie, Louisiana (30.967, -89.810)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
da55a6e478795d07

Response Measures

None

Description

Bank was suspended by the state examiner and placed in liquidation; partial payments to depositors later arranged.

Events (3)
1. May 1, 1913* Suspension
Cause
Government Action
Cause Details
Suspended by State Bank Examiner W. L. Young in May 1913
Newspaper Excerpt
The Bank of Angie and the Mount Herman Bank, was closed by the examiner last Thursday
Source
newspapers
2. June 7, 1913 Receivership
Newspaper Excerpt
D T. Cushing, who was appointed receiver of the bank had his bond accepted, has taken oath of office and will be in charge of the bank's affairs until final adjustment.
Source
newspapers
3. November 28, 1913 Other
Newspaper Excerpt
provision is being made to pay depositors 30 per cent ... of the Bank of Angie ... which were suspended last May by W. L. Young, examiner of state banks
Source
newspapers

Newspaper Articles (7)
1. June 4, 1913 The Hattiesburg News Hattiesburg, MS
Article from The Hattiesburg News, June 4, 1913

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Article Text

BANKER BICKMAN IS ARRESTED PRESIDENT OF BOGALUSA BANK CHARGED WITH VIOLATION OF BANK LAWS. Franklinton, La., June 4.-State Bank Examiner William L. Young yesterday made affidavit against Houston D. Bickham, president of the Commer-- email we cial Bank of Bogalusa, charging him with receiving deposits after he knew the bank to be insolvent. The Commercial Bank, with the Bank of Angie and the Mount Herman Bank, was closed by the examiner last Thursday and this is the first criminal charge made in the affair. Bickham was taken into custody by a deputy sheriff at Bogalusa and brought by auto and turned over to the sheriff here yesterday afternoon. Sheriff Simmons placed him in charge of a deputy, who was thus made responsible for the prisoner until he gave bond. This Bickham did last night, after his attorney had journeyed S to Covington and Judge Lancaster there had issued an order fixing the banker's bond at $30,000. Signatures had been attached to Bickham's bond y in advance and as soon as the bond y was accepted he was released. g it Takes Matter Coolly. Bickham is taking the matter coolly ฮ“. and says he does not fear the outcome h of proceedings instituted against him. He says that his bank was solvent and if the examiners had given him a few e days he could have relieved the instie tution of the objectionable loans. He g says now that much of the funds belonging to depositors will be paid to receivers and attorneys appointed to he wind up the affairs of the banks. st

2. June 5, 1913 The Era-Leader Franklinton, LA
Article from The Era-Leader, June 5, 1913

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Article Text

Franklinton, La., June 5. 1913 Banker Bickham Arrested. Franklinton, La., June 3.-The definite charge against Huston D. Bickham, president, and Wm. E. Douglas, a director of the Commercial Bank of Bogalusa, is that they "knowingly received deposits on the 28th day of May 1913, when the bank was insolvent." Bickham was arrested at Bogalusa this morning and conveyed by automobile, accompanied by Norman Simmons, deputy sheriff, to this place, repairing at once to the office of Printis B, Carter and Son, attorneys. Bonds were signed by several friends in blank amounts, but covering whatever District Judge Joseph B. Lancaster might fix. This turned out to be $30,000 for Bickham and $10,000 for Douglas. Oceola Carter, attorney, went at once by automobile to Covington to secure the signature of the judge, which was obtained late in the evening. Douglas has not been arrested, but has sent word that he will arrive to-morrow morning. Bickham refused to make a statement, but his attorney P, B. Carter, authooized the statement tnat when the case comes to trial the jury will acquit his clients without leaving their seats. Douglas, a farmer, recently organized a mercantile company at Angie, and is alleged to be involved in a loan considered to impair the capital of the Commeroial Bank. The minor officers of the three banks,-the Commercial at Bogalusa, the Bank of Angie and the Mt. Herman Bank, are reported as innocent of any violation of the banking law and are not under charges. Dr Warner is president of the Angie Bank. He is believed to be able to stand the financial pressure occassioned by the suspension. Jasper S. Brock, Jr., formerly cashier of the Farmers and Merchants Bank, which recently consolidated with the Bank of Franklinton, is active vice president of the Union Bank of this place, the product of the merger, and has been appointed trustee to liquidate the affairs of the banks at Angie and Mt. Herman, Hequalified today in a bond of $5,000 in each case. D. T. Cushing, of Bogalusa, qualified in a bond of $10,000 to liquidate the Commercial Bank. St Clair Adams is Attorney for the trustees at Bogalusa, and Delos R. Johnson is attornry for the other two banks. t riends of Mr. Bickham recall his failure and bankruptcy proceedings some years ago, involving a sum approximating $90,000, Mr. Bickham expressed the belief that but for the shaken confidence occasioned by the bank examiner's action he and his friends would not lose a dollar. Bogalusa, La., June 3.-Ever since the first news was given regarding the condition of the Commercial Bank here and its closing by State Bank Examiner Young the examiners have been busy investigating the assets, with a view of ascertaining just how conditions Prestical

3. June 7, 1913 St. Tammany Farmer Covington, LA
Article from St. Tammany Farmer, June 7, 1913

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Article Text

COVINGTON, ST. TAMMANY PARISH, LA.. SATURDAY, JUNE 7, 1913 praising of the asset, is still going "ART IN ST. TAMMANY." on the total amount is not yet to be ascertained. FOR some days past there has been From present indications, however, exhibited at the St. Tammany Bank, it is believed that the assets of the CEMETERY IN INVESTIGATING an example of Marshall J. Smith's Bank of Angie are sufficient to pay interpretation of Louisiana scenery. depositor dollar for dollar, but the two banks involved are in much The unique habitation represented worse condition. therein, a relic of the remote period in the rural districts of our State. D T. Cushing, who was appointed The spreading oak, with sombre folireceiver of the bank had his bond HANDSOF THE GOOD ROADS age, its branches festooned by graceaccepted, has taken oath of office and ful folds of Spanish moss. and tall will be in charge of the bank's afsentinel-cypreases too well indicate fairs until final adjustment. Mr. Smith's knowledge and familiarith The Lampton interests of Columty with the arboreal life of our semia bia. Miss., have given up the idea of tropical forests. The quiet stream. taking over the Commercial Bank. th WOMEN'HAS PROJECTOE with its rush-lined banks its hozom

4. November 28, 1913 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, November 28, 1913

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Article Text

Depositors Will Get Money. Franklinton.-Through J. S. Brock, Jr., special agent appointed to liquidate the affairs of the Bank of Angie and the Mount Herman Bank, which were suspended last May by W. L. Young, examiner of state banks, it is learned that provision is being made to pay depositors 30 per cent and 25 per cent, respectively.

5. November 29, 1913 The Madison Journal Tallulah, LA
Article from The Madison Journal, November 29, 1913

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Article Text

Depositors Will Get Money. Franklinton.-Through J. S. Brock, Jr., special agent appointed to liquidate the affairs of the Bank of Angie and the Mount Herman Bank, which were suspended last May by W. L. Young, examiner of state banks, it is learned that provision is being made to pay depositors 30 per cent and 25 per cent, respectively.

6. February 15, 1917 The Era-Leader Franklinton, LA
Article from The Era-Leader, February 15, 1917

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the southwest corner or the north of the section quarter west quarter 17-1-12 and northwest run- be ning north to the State Line discontinued. Carried. Motion made by G. M. Tate, seconded by Walter Green, that T.B. Roberts, be allowed to build 297 feet of bridges across Silver Creek on the new road previous. ly granted to him. Leading from the Franklinton and Osyka road and intersecting the Sunny Hill road, about two mifes of road. Carried. Motion made by Walter Green, seconded by J. P. Starnes, that the District Attorney be requested totake up with the Attorney General of the State and ascertain if it is possible to advance expense money to onr assessor during the year, not to exceed the amount allowed by law according to ths new Act of 144. Carried. Bank of Angie in Liquidation Versus No. Police Jury of Washington Parish, Louisiana. 26th Judicial District Court of Washington Parish, Louisiana. JUDGMENT. This case came on for trial pursuant to previous assignment the plaintiff being represented Ott & Johnson, Atat law, and. the torneys by Messrs. District defend- At. ant by J. Vol Brock, torney, and legal advisor, and the entire facts of the case were regularly presented to the court for its determination and approval. The court took occasion to investigate, carefully, into the compromise agreement reached by the Police Jury of Washington Parish, a public body, and the Bank of Angie in Liquidation, and, after viewing the entire offerings of the plaintiff, the old certiffcates upon which the compromise agreement was reached, and finding that the compromise agreement to be for the best interest Pollce Jury of of seems the Washingt the law Parish, Louisiana, and, and evidence together with the confession and compromise of the defendant taken into consideration, being in favor of the plaintiff and against the defendant. It is therefore ordered, adjudged and decreed, that there be judgment herein in favor of the Bank of Angie, in Liquida tion, and against the Police Jury of Washington Parish,Louisiana. in the full sum of $8000, together with five per centum per annum interest, thereon from date till paid. It is further ordered, adjudged and decreed, that the Police Jury of Washington Parish, c Louisiana, pass the necessary ordinances and resolutions, issue the necessary certificates to refund the judgment herein rendered in accordance with the compromise reached by it with is s. the plaintifi herein, and, it n directed to carry out the purg poses of the compromise agree8 ment at its next meeting, whethu er special or regular. and directed to take any other steps necd essary to legalize the refund cer e tificates to the satisfaction of the attorneys for the plaintiff. It is further ordered and ad 8, judged and decreeded, that after

7. February 22, 1917 The Era-Leader Franklinton, LA
Article from The Era-Leader, February 22, 1917

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Article Text

Police Jury Proceedings. (Continued from last week. A meeting of the Police Jury the Parich of Washington, in the State of Louisiana, was held at Franklinton, within the bounda ries of said state, at 12 o'clock in the forenoon of the 6th day of February 1917, A. D., at which F. meeting there were present: L. Sanford, president, R. H. Spring, G. M. Tate, T. D. Foil, J. P. Starnes, J. R. Leslie, Walter Green, Louis Crain, S. S. Thomas, T. B. Roberts and W. Banister, secretary, of the said Police Jury, constituting all the members of said Police Jury ex cept M. K. Pearce of the Fourth ward, absent. At this meeting it was found that said Police Jury of the parish of Washington had, on the 10th day of December, 1912, A. a with H.J. a and D., entered Cowgill, into contract resident citizen of the City of Bogalusa, said parish of Washington, Louis. a across up bridge iana, for the swamp construction to Pearl of Pearl river in Washington parish, Louisiana,crossing what is known as Peters Lake and Pushapattapa creek on the road leading from the City of Bogalusa west to ferry across Pearl river, which said contract was made in strict accordance with lawful ordi nances duly passed by the Police Jury. The said police jury further found that the said H. J. Cowgill has fully performed and execut ed the work required by said concontract and had constructed the said bridge in accordance with the plans and specifications set out in said contract and as attached thereto, and that the work had been duly accepted by the said police jury of the parish of Washington. The said police jury further found that the contract SO entered into by the said police jury and said H. J. Cowgill had been assigned, transferred, and set over by the said H. J. Cowgill to the Bank of Angie, a banking corporation organized under the laws of the state of Louisiana, with its domicile at Angie, Washington parish, said state, and now in the course of liquidation bv the Examiner of State Banks under provisions of law in the state of Louisiana; that all rights in and to said contract were now owned by the said Bank of Angie. The said police jury further found that in addition to the contract with said H. J. Cowgill the said Bank of Angie also was the a owner and in posession, for valuable consideration before maturity, of three certain certificates of indebtedness; numbered 1,2 and 3, and each for the sum of $2,483.33, payable Jan. 1, 1914, Jan. 1, 1915, and Jan. 1, 1916, respectively, each bearing five per cent per annum interest from Jan. 13, 1913, until paid, which said certificates were predicated upon and identified with the said contract of the said police jury and said H. J, Cowgill; that the said police jury of Washtngton parish was in default in the pay. ment of the said certificates, and that each of said certificates was wholy unpaid; that the said Bank of Angie on the 8th day of Nov. 1916, proposed to accept in lieu of said certificates of indebtedness other certificates of the parish of