gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ab568963d61608c2
Response Measures
None
Description
Articles report suspension, assignment and appointment of a receiver; president was shot by an angry depositor.
Events (3)
1.January 13, 1912Other
Newspaper Excerpt
a general assignment had been made for the benefit of the creditors and depositors; about $250,000 is involved and assignees named (assignment announced after suspension).
Source
newspapers
2.January 13, 1912Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open amid inability to collect outstanding obligations and being heavily involved; directors ordered suspension.
Newspaper Excerpt
As a sequel to the suspension today of the Tishomingo Banking Company
Source
newspapers
3.January 19, 1912Receivership
Newspaper Excerpt
The Tishomingo Banking Co., of Iuka, closed its doors on Saturday last and was placed in the hands of a receiver and later notices naming W. T. Bennett, Receiver (May/June 1912).
Source
newspapers
Newspaper Articles (14)
1.December 22, 1911The CommercialUnion City, TN
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Article Text
Failure of luka Bank. An associated press dispatch from Iuka, Miss., gives the following account of the shooting of Jas. H. Faircloth, former cashier of a bank in this place. It seems Tishomingo Banking Co., of Iuka, had closed its doors and a general assignment had been made for the benefit of the creditors. There are several stockholders here of the bank, and they knew nothing of the assignment until the article below came out in the newspapers: "As a sequel to the suspension today of the Tishomingo Banking Company, of Iuka and Belmont, Miss., James H. Faircloth, president of the institution, was shot and wounded by C. T. Jordan, a cattle buyer of Iuka, one of the depositors. The bullet struck Faircloth in the thigh, and it is not thought that the wound will prove serious. The shooting occured at the apartments of Faircloth in a local hótel. Jordan was arrested but later released under bond. Announcement was made this morning when the local branch of the concern failed to open its doors that a general asignment had been made for the benefit of creditors and despositors, who it is asserted, will be paid in full. About $250,000 is involved. Inability to make collections is declared responsible. B. F. Worsham and I. W. Walker were named as assignees.
2.January 14, 1912Evening StarWashington, DC
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Article Text
SHOOTS BANK PRESIDENT Depositor Uses Gun as Sequel to Suspension of Mississippi Institution. IUKA, Miss., January 13.-As a sequel to the suspension today of the Tishomingo Banking Company of Iuka and Belmont, Miss., James H. vaircloth, president of the institution, was shot and wounded by C. T. Jordan, a cattle buyer of Iuka, one of the depositors. The bullet struck Faircloth in the thigh, and it is not thought the wound will prove serious. The shooting OC: curred at the apartments of Faircloth in a local hotel. Jordan was arrested, but later released under bond. Announcement was made this morning when the local branch of the concern failed to open its doors that a general assignment had been made for the benefit of creditors and depositors who, it is asserted, will be paid in full. About $250,000 is involved. Inability to make collections is declared responsible for the failure.
BANK FAILED: DEPOSITOR MAD HE FOUND PRESIDENT OF THE INSTITUTION AND SHOT HIMABOUT $250,000 INVOLVED IN FAILURE. By Associated Press. Iuka, Miss., Jan. 13.-As a sequel to the suspension today of the Tishomingo Banking Company, President James H. Faircloth, of the institution, was shot and wounded in his partments at a hotel by C. T. Jordan, a depositor. Faircloth was shot in the thigh and the wound is not serious. About $250,000 is involved in the failure. Inability to make $ collections is given 1 as the cause.
4.January 14, 1912Pine Bluff Daily GraphicPine Bluff, AR
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Article Text
BANK PRESIDENT SHOT BY DEPOSITOR CATTLE DEALER HAD MONEY IN INSTITUTION WHEN IT WENT TO THE WALL. SHOOTING IN HOTEL Wounded Man May Recover-Bank Said to Be Heavily Involved. Iuka, Miss., Jan. 13.-Following the failure of the Tishomingo Banking Company to open its doors for business here this morning, James H. Faireloth, president of the bank, was shot three times by G. T. Jordan, a cattle dealer and a depositor of the bank. The shooting took place in Faircloth's room in the Middle Springs Hotel, shortly after 10 o'clock. The banker was shot in the groin, but his wound is not considered serious. Jordan was at once placed under arrest. but was later released upon $4,000 bond for his appearance at preliminary hearing. When the bank was closed for business yesterday, 1. is understood that a meeting of the directors was called and upon their learning of the financial condition of the bank they at once ordered all further business suspended. This news did not become generally known until the usual hour for the bank to open this morning and when it. failed to do so the news spread over the town like wildfire, creating a profound sensation. Mr. Jordan, who it is said, had about $5,000 on deposit in the bank, went to the hotel where Mr. Faireloth lived. He went to his room and stepping inside, closed the door and locked it behind him no, tails of the dispute which led up to the actual shooting have not been learned, as Jordan and Faircloth decline to discus the matter. Three shots were heard in the room and when the notel people reached the scene Jordan was leaving. Faircloth was shot only once and was found lying on his bed. partly dress ed. The exact amount of Jordan's deposits could not be learned and other officials of the bank refused to make any formal statement in this connection or give any idea of the total amount of deposits. It is said that the bank. is heavily involved, although it has generally been regarded as a sound institution. It is capitalized at $25,000.
5.January 16, 1912Atlanta Semi-Weekly JournalAtlanta, GA
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Article Text
BANK PRESIDENT SHOT BY CREDITOR WHO LOST Depositor Had $5,000 in Bank When It Suddenly Went to Wall IUKA, Miss., Jan. 13.-Following the failure of Tishomingo Banking company to open its doors for business here this morning, James H. Faircloth, president of the bank, was shot three times by G. T. Jordan, cattle dealer, and a Uepositor of the bank. The shooting took place in Faircloth's room at the Mineral Springs hotel, shortly after 10 o'clock. The banker was shot in the groin, but his wound is not considered serious. Jordan was at once placed under arrest, but was later released upon $4,000 bond for his appearance at preliminary hearing. When the bank was closed for business Friday it is understood that a meeting of the directors was called and upon their learning of the financial condition of the institution, they at once ordered all further business suspended. This news did not become generally known until the usual hour for the bank to open this morning, and when it failed to do so the news spread ever town like wild fire creating a profound sensation. (Mr. Jordan, who it is said, had about $5,000 on deposit in the bank, went to the hotel where Faircloth lives. He went direct to his room and, stepping inside, closed the door and locked it behind him. Details of the dispute which led up to the actual shooting have not been learned as both Jordan and Faircloth decline to discuss the matter. Three shots were heard in the room and when the hotel people reached the sene Jordan was leaving. Mr. Faircloth was shot only once and was found lying on his back partially dressed. !The exact amount of Jordan's deposit could not be learned as other officials of the bank refuse to make any formal statement in this connection or give any idea of the total amount of deposits.
6.January 19, 1912The Tupelo JournalTupelo, MS
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Article Text
luka Bank Fails. The Tishomingo Banking Co., of Iuka, closed its doors on Saturday last and was placed in the hands of a receiver. The bank was unable to collect outstanding obligations and was forced to Mr. Faircloth the suspend. cashier of the bank was one of the contractors on our good roads but the failure of his bank will in no wise prove S loss to the district. The contract provides for the advancement of only 85 per cent of the amount due on the work done during the month and the estimate is made each month by the engineer and approved by the commissioners before an allowance is made. Besides, there is a good and sufficient bond behind the contract which guarantees the completion of the roads as now laid out. The quest on of their completion is now up to the bond company, and while we are not advised in the matter we presume that the bond company will place some one in charge and complete the work as soon as the weather will permit.
7.January 19, 1912The CommercialUnion City, TN
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Article Text
Failure of luka Bank. An associated press dispatch from Iuka, Miss., gives the following account of the shooting of Jas. H. Faircloth, former cashier of a bank in this place. It seems Tishomingo Banking Co., of Iuka, had closed its doors and a general assignment had been made for the benefit of the creditors. There are several stockholders here of the bank, and they knew nothing of the assignment until the article below came out in the newspapers: "As a sequel to the suspension today of the Tishomingo Banking Company, of Iuka and Belmont, Miss., James H. Faircloth, president of the institution, was shot and wounded by C. T. Jordan, a cattle buyer of Iuka, one of the depositors. The bullet struck Faircloth in the thigh, and it is not thought that the wound will prove serious. The shooting occured at the apartments of Faircloth in a local hotel. Jordan was arrested but later released under bond. Announcement was made this morning when the local branch of the concern failed to open its doors that a general asignment had been made for the benefit of creditors and despositors, who it is asserted, will be paid in full. About $250,000 is involved. Inability to make collections is declared responsible. B. F. Worsham and 1. W. Walker were named as assignees.
8.January 19, 1912The Palatka News and AdvertiserPalatka, FL
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Article Text
Bank Fails; President Is Shot. Iuka, Miss.-As a sequel to the suspension of the Tishomingo Banking company of Iuka and Belmont, Miss., James H. Faircloth, president of the institution, was shot and wounded by C. T. Jordan, a cattle buyer of Iuka, one of the depositors. It is not now thought the wound will prove serious. A general assignment has been made for the benefit of creditors and depositors. About $250,000 is involved. Inability to make collections is declared responsible.
9.May 23, 1912The Iuka VidetteIuka, MS
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Article Text
Number 617. In the Chancery Court of Tishomingo County, Miss., June Term, 1912. In re assignment Tishomingo Banking Company, W T Bennett, Receiver. To J H Holley, Juvinile Missionaary Society: Bettie Duncan, I E Carter, A G Wells, L J McRae, E A Neblett, N J Martin and J D Martin who cannot be found in this county and state after diligent inquiry and whose post office address is unknown: You are commanded to appear before the chancery court of said county, said state on the second Monday of June, 1912 to defend the suit in said court of W T Bennett receiver of Tishomingo Banking Company. wherein you are a party in interest and defendant. This May 11th, 1912. 16-3 T J Storment, Chan Clk
10.May 30, 1912The Iuka VidetteIuka, MS
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Article Text
Number 617. In the Chancery Court of Tishomingo County, Miss., June Term, 1912. In re assignment Tishomingo Banking Company, W T Bennett, Receiver. To J H Holley, Juvinile Missionaary Society: Bettie Duncan, I E Carter, A G Wells, L J McRae, E A Neblett, NJ Martin and J D Martin whocannot be found in this county and state after diligent inquiry and whose post office address is unknown: You are commanded to appear before the chancery court of said county, said state on the second Monday of June, 1912 to defend the suit in said court of W T Bennett receiver of Tishomingo Banking Company. wherein you are a party in interest and defendant. This May 11th, 1912. 16-3 T J Storment, Chan Clk
11.May 30, 1912The Iuka VidetteIuka, MS
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In the Chancery Court of Tishomingo County, Miss. Vacation Term 1912, Number 617. In re assingnment Tishomingo Banking Company, W. T Bennett, Receiver. To C W Davis, York Music Co.. C G Hopkins, who cannot be found in said state after diligent inquiry and whose post office address is unknown. You are commanded to appear before the Chancery Court of said county on the second Monday in June 1912, to plead, answer or demur in said cause wherein you are parties in interest and defendants. This May 17th, 1912. T J Storment, Chancery Clerk
12.June 27, 1912The Iuka VidetteIuka, MS
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State of Mississippi Chancery Court In VaTishomingo cation 1912. County ~~~~~~~~~~~~~~~~~~~~~~~~~ In re Receivership Tishomingo Banking Co. W T Bennett Receiver. To D T Harvey, Aripeka, Fla. You are commanded to appear before said court at Iuka said county and state at 8 o'clock a m July 30th, 1912, at the court house in said town, then and there to present any claim you have or make to right to prior payment of any sum or sums from said Tishomingo Banking Co or said Receiver to you, at which time and place all questions or priority will be heard by said court in vacation. This June 25th. 1912. TJ Storment, 3t Chancery Clerk,
13.January 6, 1916The VidetteIuka, MS
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In the Chancery Court at Carrollton, Pickens County, Alabama. To the Creditors of Tishomingo Banking Company-Take Notice:Under and by virtue 6£ a decree rendered by said Honorable Chancery Court, in the above styled cause, on the 29th day of December, 1915, the creditors of the Tishomingo Banking Company, formerly doing business in the town of Iuka, state of Mississippi, are hereby notified and required to file their claims, verified under oath, with the Register in Chancery, at Carrollton, Pickens County, Alabama, on or before the 1st day of March, 1916, or they will be forever barred from participating in the funds in the hands of the Receiver and Trustee of said Tishomingo Banking Company. Witness my hand, this 3rd day of January, 1916. W G Robertson, Register in Chancery, Pickens County, Alabama. adv-18-3t
14.January 13, 1916The VidetteIuka, MS
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Article Text
W. T. Bennett, Receiver and Trustee, vs. No. 1568 Tishomingo Banking et als. In the Chancery Court at Carrollton, Pickens County, Alabama. To the Creditors of Tishomingo Banking Company--Take Notice:Under and by virtue of a decree rendered by said Honorable Chancery Court, in the above styled cause, on the 29th day of December, 1915, the creditors of the Tishomingo Banking Company, formerly doing business in the town of Iuka, state of Mississippi, are hereby notified and required to file their claims, verified under oath, with the Register in Chancery, at Carrollton, Pickens County, Alabama, on or before the 1st day of March, 1916, or they will be forever barred from participating in the funds in the hands of the Receiver and Trustee of said Tishomingo Banking Company. Witness my hand, this 3rd day of January, 1916. . W G Robertson, Register in Chancery, Pickens County, Alabama. adv-18.3t
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
