Sallisaw Bank & Trust Company

1. February 20, 1923 Bartlesville Examiner-Enterprise Bartlesville, OK

Article from Bartlesville Examiner-Enterprise, February 20, 1923

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NOTED BANDIT OF OKLAHOMA NOW IN JAIL Brother and Another Held; Planned Bank Robbery Sallisaw, Okla., Feb. 20.—Ed Lockardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the People's bank of Harrison, Ark., two years ago, was captured here early today together with his brother, Sam Lockardt and E. Matt Carlisle. The men, armed with rifles and revolvers were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff. The police are endeavoring to definitely establish the purpose of the visit of Lockardt and the other two men to Sallisaw. Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust company, a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault. Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National bank here under the impression that a large sum of money had been brought into guard against any possible run because of the run on the Sallisaw Bank and Trust company last Saturday.

2. February 20, 1923 Columbia Daily Tribune Columbia, MO

Article from Columbia Daily Tribune, February 20, 1923

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BANK BANDIT CAPTURED TODAY Ed Lockhardt and Brother Are Arrested at Sallisaw, Okla. By The Associated Press. SALLISAW, Okla., Feb. 20.—Ed Lockhardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the People's Bank of Harrison, Ark., two years ago, was captured here early today together with his brother, Sam Lockhardt, and E. Matt Carlisle. The men, armed with rifles and pistols, were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff. Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust company a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault. Sheriff Johnson expressed a belief that Lockhardt and his band were preparing to rob the First National Bank here under the impression that a large sum of money had been brought in to guard against any possible run, because of a run on the Sallisaw Bank and Trust company last Saturday.

3. February 21, 1923 Kansas City Journal Kansas City, MO

Article from Kansas City Journal, February 21, 1923

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Much Cash Imported. Owing to the close Saturday of the doors of the Sallisaw Bank and Trust company, a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault. Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National bank here under the impression that a large sum of money had been brought in to guard against any possible run, because of the run on the Sallisaw Bank and Trust company last Saturday. The men had three rifles and three automatic pistols in their possession. All were loaded. Lockardt and his associates entered Sallisaw, presumably from the mountains, some time after dark last night in an automobile. The car was left in the west part of town, officers said, and a search made for another car in which a quick escape might be made. Lone Officer Seizes Three. The three men were in the act of pushing the car out of the garage when Night Officer Chuculate appeared and placed them under arrest. Lockardt declared in jail today, according to officers, he could have easily killed Chuculate, but believing there was only one officer decided to wait until the chance came to get the "drop" on him and get away without committing murder. After Chuculate had aroused Cotton there was no opportunity, Lockardt admitted, as the men were marched to the jail with their hands high in the air. Wichita Bank Change Approved. WASHINGTON, Feb. 20.—Application to convert the Southwest State Bank of Wichita into the Southwest National Bank of Wichita, with a capital of $200,000 has been approved by the comptroller of currency.

4. February 21, 1923 The Houston Post Houston, TX

Article from The Houston Post, February 21, 1923

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BANK ROBBERS CAUGHT IN ACT OF STEALING AUTO Three Men Captured; One Was Dangerous Bandit Chief Associated Press Report. SALLISAW, Okla., Feb. 20.—Ed Lockardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the First National bank at Harrison, Ark., two years ago, was captured here early today together with his brother, Sam Lockardt, and E. Matt Carlisle. The men, armed with rifles and pistols, were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff. The police are endeavoring to definitely establish the purpose of the visit of Lockardt and the two other men to Sallisaw. Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust company, a considerable sum of money was brought to Sallisaw by another bank, and it was generally known that the cash was being held in the bank's vaults. Robbery Thwarted. Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National bank here under the impression that a large sum of money had been brought in to guard against any possible run because of the run on the Sallisaw Bank and Trust company last Saturday. The men had three rifles and three automatic pistols in their possession. All were loaded. Lockardt and his associates entered Sallisaw, presumably from the mountains some time after dark last night in an automobile. The car was left in the west part of town, officers said, and a search made for another car in which a quick getaway might be made. Were Stealing Auto. The three men were in the act of pushing the car out of the garage when Night Officer Chuculate happened along and drawing his gun, placed them under arrest. Chuculate immediately aroused Cotton, who assisted Chuculate in taking the men to the county jail. Lockardt declared in jail today, according to officers, that he could have easily killed Chuculate, but believing there was but one officer, decided to wait until the chance came to get the "drop" on him and get away without committing murder. When Cotton arrived there was no opportunity, Lockardt admitted, as the men were marched to the jail with their hands high in the air. Sheriff Johnson stated today that Lockardt was wanted at Eureka Springs and Harrison, Ark., and at Hurlbert, Okla. It is understood that he also was being sought by Kansas officers. Information received here was that a reward of $3000 had been offered for his capture. Charles W. White, who was convicted of the robbery of a bank at Hulbert, but who was paroled, was arrested today and is being held for investigation.

5. February 22, 1923 The Webb City Sentinel Webb City, MO

Article from The Webb City Sentinel, February 22, 1923

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NOTED OUTLAW IS CAPTURED AT SALLISAW, OK. Sallisaw, Okla., Feb. 21.—Ed Lockardt, noted Oklahoma bandit, and companion of Henry Starr, who was killed in an attempted robbery of the First National Bank at Harrison, Ark., two years ago, was captured here early today with his brother, Sam Lockardt and E. Matt Carlisle. The men, armed with rifles and pistols, were captured in the act of driving an auto from the garage of Bert Cotton, an under-sheriff. The police are endeavoring to definitely establish the purpose of the visit of Lockardt and the other men to Sallisaw. Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust Co., a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault. Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National Bank here, under the impression that a large sum of money had been brought in to guard against any possible run, because of the run on the Sallisaw bank and Trust Co., last Saturday.

6. February 22, 1923 The Dekalb County Record-Herald Maysville, MO

Article from The Dekalb County Record-Herald, February 22, 1923

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IN JUDGE ROGERS' TOWN The Sallisaw Bank and Trust Company of Sallisaw, Oklahoma, closed its doors last Saturday following a thirty minute run on the bank. It is announced that less than $2500 was withdrawn. Sallisaw is the home town of Judge W. H. Rogers who formerly lived here.

7. February 23, 1923 The Vian Press Vian, OK

Article from The Vian Press, February 23, 1923

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TO CHECK ACCOUNTS OF SALLISAW BANK BEFORE REOPENING. Sallisaw, Okla., Feb. 19—steps towards re-organization of the Sallisaw Bank and Trust company, which closed Saturday afternoon following a short run, will not be taken until an examination has been made by the state bank examiner, according to a statement of bank officials Monday morning. After the inspection of the bank examiner who is expected to arrive Monday, the directors will decide the course of the bank according to his decision. The run followed a rumor that the bank was insolvent on account of the failure of the bank to renew its surety bonds. Bonding companies have refused bonds to all state banks in Oklahoma on account of the action of the banking commission in refusing to pro rate the assets of failed banks it is said.

8. February 24, 1923 McCurtain Gazette Idabel, OK

Article from McCurtain Gazette, February 24, 1923

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MEMBER OF STARR GANG IS TAKEN. Was in the Act of Driving a Car From a Garage at Sallisaw. SALLISAW, Feb. 20.—Ed Lockhardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the First National Bank at Harrison, Ark., two years ago, was captured here early today, together with his brother, Sam Lockhardt, and E. Matt Carlisle. The men, armed with rifles and pistols, were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff. The police are endeavoring to definitely establish the purpose of the visit of Lockhardt and the two other men to Sallisaw. Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust Company a considerable sum of money was brought to Sallisaw by another bank. It was generally known that the cash was being held in the banks' vault. Sheriff Johnson expressed a belief that Lockhardt and his band were preparing to rob the First National Bank here under the impression that a large sum of money had been brought into guard against any possible run because of the run on the Sallisaw Bank and Trust Company last Saturday.

9. August 24, 1923 The Democrat-American Sallisaw, OK

Article from The Democrat-American, August 24, 1923

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NOTED BANK BANDIT GIVEN FREEDOM BY WALTON Ed Lockhart, the most noted bank bandit in eastern Oklahoma, who, last March plead guilty to robbing the Farmers Bank of Illinois at Gore, in the western part of this county and was sentenced by former District Judge J. H. Jarman of this city, now a member of the State Supreme Court Commission, to serve twenty years at hard labor in the state penitentiary, has been given a SIX MONTHS leave of absence by Governor Walton and is now in this city. The leave of absence was granted this week and expires the 21st of February 1924. Lockhart is alleged to have been implicated in numerous bank robberies in this state and Arkansas and is badly wanted by officials at Harrison, Arkansas where he was with Henry Starr when he was killed in a daylight holdup of the Peoples State Bank in that city several years ago, and is accused of other holdups in that section of Arkansas. Lockhart was captured by the Arkansas officers and made a sensational escape from the jail at Harrison by covering the jailor with an imitation pistol covered with tinfoil, forcing him to open his cell door and after disarming him, forced the jailor to accompany him to the outskirts of that city where an automobile was waiting to whisk him back to this state. Lockhart was captured in this city last February by city policeman Perry Chuculate when he was discovered in the garage of Undersheriff Bert Cotton in company with Kie Carlile, and his brother, Sam Lockhart was later taken at the outskirts of the city in the early morning hours a half hour later, waiting in an auto with guns and highpower rifles, for the return of his pals. It was alleged that the Lockhart brothers and Carlile were preparing to raid the First National Bank of this city as it opened for business that morning, as this institution had received about one hundred thousand dollars in currency the day before, as a precautionary measure on account of a slight run on the Sallisaw Bank and Trust company of this city, and subsequent failure of that institution. However, Lockhart and his companions denied this, stating that they were making their way back to the hill near Marble City after a trip into Arkansas and had run out of gas, and were only seeking to replenish their supply of gas in order to reach their destination, when arrested.

10. January 3, 1928 The Democrat-American Sallisaw, OK

Article from The Democrat-American, January 3, 1928

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Charter for New Bank Approved His Politics May Not Be Democratic But He Has Suffered Four Defeats By "ES" Opdyke There was a little kicking man, His name was Simon Slick: He owned a mule with dreamy eye Oh: how that mule could kick However children. this is not the mule we are going to tell you about in today's short story. Our subject, is just plain "honery red mule, and his name is "Catamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter shows of twelve years, and has done his part in producing Sequoyah countys cot ton output, but if Calamity could talk we imagine him saying, "I just no ways can keep outen bad luck." Calamity is not a "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral with has from time to time been turned to the Federal Reserve Bank. Calamity has never been given a trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock' by reason of his good looks and pulling ability, be soon became an asset of the Citizens National, only to be taken over little later on by the First National Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over to the American National where Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting of the various stockholders of the banks to be, will join in a resolution, that from now on Calamity is too be barred from becoming connected in any way shape or form with the responsibilities of our financial institutions In as much as Calamity seems to be more or less of a Jonah to our banks we suggest that a provision be made barring his name from any future banks to be, for he is only 12 years old and unless someone ties him to a railroad track. he is good for two or three more unpleasant experiences

11. January 3, 1928 The Democrat-American Sallisaw, OK

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Three Editorials BANK FAILURES Sallisaw has once more passed thru the unpleasant experience of bank failure. and naturally there can be many opinions heard pro and con not only as to the future outlook but of riticism of members of the failed in stitutions in their conduct of the bus The way we look at it is that the very last tool our town needs in this emergency a hammer. We. as well as the majority of our townsmen, have been losers, and have been handicapped in conducting our business but we are willing to, and have been doing all within our power to bring some order out of the present chase, and obtain for our town and our people the accommodations necessary to our business life Speaking more particularly of the American National Bank, we cannot help but believe that the closing of its doors at this time was more or less premature and might have been avoided if proper steps had been tak. en, but be that as it may. we all know that this bank was owned, managed and backed by the members of the old Sallisaw Bank, and Trust Company, which failed two years ago, and they "came back. opened a new bank and showed their ability to pull out of a tight place Last year when the Citi zens bank found it necessary to liquidate, rather than see our town suffer loss which seemed certain unless something was done, the American National people took over the "Citizens" and carried their liabilities preventing a loss to the depositors of that bank. We do not know the intentions of the American stock holders. but know ing them as We do, we shall not be surprised should they announce the opening of a brand new, bigger and better bank for the accommodation of our town. and their determination to pay out and to surmount adversity in the past goes far in recommending them to our citizenship in any venture they may undertake. Sallisaw should have a bank, and we hope that we may soon. but unless we as a whole patronize it, we cannot expect to avail ourselves of these very necessary adjuncts to any up to date town

12. January 6, 1928 The Muldrow Sun Muldrow, OK

Article from The Muldrow Sun, January 6, 1928

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AMERICAN NATIONAL FAILS, LEAVES SALLISAW A BANKLESS TOWN (From Sallisaw American) Sallisaw experienced her second bank failure during the past three months when the American National Bank failed to open its doors for business Friday morning. E. national bank examiner, who charge of the First National Sallisaw, when failed latter October is in charge of the American National. Mr. Allen came Sallisaw Thursday morning. A notice was posted on the door Friday morning, to the effect that the institution was closed by order of the board of directors. J. Perry Wheeler is president of the bank; C. Hampton, active officer in charge is vice-president and Tom J. Delaney, cashier. The board of directors are R. Kobel, C. Cherry, J. Perry Wheeler, C. E. Riggs, H. C. Winter and C. S. Hampton. The American National Bank was organized in 1924, as the successor of Security State Bank, which had been organized as the successor of Sallisaw Bank and Trust Company, which closed its doors in 1923. The depositors of Sallisaw Bank and Trust Company were paid cents on the dollar after the reorganization took effect. The American National Bank was the only operating bank in Sallisaw, the First National Bank in Sallisaw oldest bank in the county failed October 22. The institution that was closed Friday morning took over the Citizens National Bank January 1927, and the depositors of that institution were paid 100 percent on the dollar. No reason was given in the statement of the closing of the bank but citizens generally understood that bad conditions over period of the last seven years and the smallest cotton in history of the county during 1927 and the causes of the closing. The report in Fort Smith newspaper that run on the bank was false, according to Perry Wheeler, president of the closed bank. No plans for the reopening of the bank has been announced, but according to reliable information the directors and holders of the institutions will make every effort to reopen the bank and save the depositors. With any kind of crop during 1927 would have put the bank in sound financial condition, it is said. The county ginned less than 3500 bales of cotton, while the normal crop here is around 30,000 bales. The county, city and board of education monies are secured according to Mr. Wheeler. The last statement of the bank was issued on October 29, 1927. The resources are shown as follows: Loans and discounts, $204,- 261.57; overdrafts unsecured, $1,362.30; United States government securities, $83,151.78; other bonds, stocks and securities, $58,146.51; banking house an dfixtures, $11,050; real estate beside banking house, $12,280.49; lawful reserve with federal reserve banks, $28,226.59; cash in vault and amount due from national banks, $26,794.28; checks on other banks, $675.41; miscellaneous cash items, $119.91; other assets, $2,406. Total of all $423,534.84. reseryes, Liabilities: Capital stock paid' in, $30,000; certified checks outstanding, cashier checks outstanding, $6,638.98; individual deposits subject to check, $137,certificates of deposit due in less than 30 days, $6,903.38; state, county or other municipal deposits secured by pledge of assets of this bank or surety bond, $80,099.01; savings deposits $60,250.95; state county or other municipal deposits secured by pledge of assets of this bank or surety bond, $25.140. Total agreements to repurchase United States government securities sold $5,219.07; bills payable, $26,261.63; notes and bills rediscounted, $45,859.14. Total deposits, $309,588.42. Total liabilities, $423,534.84.

13. January 6, 1928 The Muldrow Sun Muldrow, OK

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MAY NOT BE DEMOCRAT BUT HE SUFFERED DEFEATS (From Sallisaw American) By "ES" Opdyke There was little kicking man, His name was Simon Slick; He owned mule with dreamy eye Oh! how that mule could kick However children, this is not the mule we are going to tell you about in today's short story. Our subject, just plain "honery" red mule, and his name is "Calamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter snows of twelve years, and has done his part in producing Sequoyah countys cotton output, but if Calamity could talk we imagine him saying, just no ways can keep outen bad luck." Calamity is not "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral which has from time to time been turned to the Federal Reserve Bank, Calamity has never been given trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance" began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock" by reason of his good looks and pulling ability, he soon became an asset of the Citizens National, only to be taken over little later on by the First National. Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over to the American National where Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting or the various stockholders of the banks to be, will join in a resolution, that from becoming connected in any way shape or form with the responsibilities of our financial institutions. In as much as Calamity seems to be more or less of a Jonah to our banks, we suggest that a provision be made barring his name from any future banks to be, for he is only 12 and unless someone ties him railroad track, he is good for to a or three more unpleasant experiences

14. January 6, 1928 The Muldrow Sun Muldrow, OK

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AMERICAN NATIONAL FAILS, LEAVES SALLISAW BANKLESS TOWN (From Sallisaw American) Sallisaw experienced her second bank failure during the past three months when the American National Bank failed to its doors for open business Friday morning. E. Allen, national bank examiner, who charge of the First National Sallisaw, when failed latter October is in charge of the American National. Mr. Allen came Sallisaw Thursday morning. A notice was posted on the door Friday morning, to the effect that the institution was closed by order of the board of directors. J. Perry Wheeler is president of the bank; C. Hampton, active officer in charge is vice-president and Tom J. Delaney, cashier. The board of directors are R. Kobel, Cherry, J. Perry Wheeler, E. Riggs, H. C. Winter and S. Hampton. The American National Bank was organized in 1924, as the successor of Security State Bank, which had been organized as the successor of Sallisaw Bank and Trust Company, which closed its doors in 1923. The depositors of Sallisaw Bank and Trust Company were paid sevcents on the dollar after the reorganization took effect. The American National Bank was the only operating bank in Sallisaw, the First National Bank in Sallisaw oldest bank in the county failed October 22. The institution that was closed Friday morning took over the CitiNational Bank January 1927, and the depositors of that institution were paid 100 on the percent No reason was given in the stateof the closing of the bank but citizens generally understood that bad conditions over period of the last seven years and the smallest cotton crop in history of the county during 1927 and the causes of the closing. The report in Fort Smith newspaper that run on the bank was made by the depositors was false, according to J. Perry Wheeler, president of the closed bank. No plans for the reopening of the bank has been announced, but according to reliable information the directors and stock holders of the institutions will make every effort to reopen the bank and save the depositors. With any kind of crop during 1927 would have put the bank in sound financial condition, it is said. The county ginned less than 3500 bales of cotton, while the normal crop here is around 30,000 bales. The county, city and board of education monies are secured according to Mr. Wheeler. The last statement of the bank was issued on October 29, 1927. The resources are shown as follows: Loans and discounts, $204,- 261.57; overdrafts unsecured, $1,362.30; United States government securities, $83,151.78; other bonds, stocks and securities, $58,146.51; banking house an dfixtures, $11,050; real estate beside banking house, $12,280.49; lawful reserve with federal reserve banks, $23,226.59; cash in vault and amount due from national banks, $26,794.28; checks on other banks, $675.41; miscellaneous cash items, $119.91; other assets, $2,406. Total of all reserves, $423,534.84. Liabilities: Capital stock paid in, $30,000; certified checks outstanding, $67.50; cashier checks outstanding, $6,638.98; individual deposits subject to check, $137,certificates of deposit due in less than 30 days, $6,903.38; state, county or other municipal deposits secured by pledge of assets of this bank or surety bond, $80,099.01; savings deposits $60,250.95; state county or other municipal deposits secured by pledge of assets of this bank or surety bond, $25.140. Total agreements to repurchase United States government securities sold $5,219.07; bills payable, $26,261.63; notes and bills rediscounted, $45,859.14. Total deposits, $309,588.42. Total liabilities, $423,534.84.

15. January 6, 1928 The Muldrow Sun Muldrow, OK

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HE MAY NOT BE A DEMOCRAT BUT HE SUFFERED DEFEATS (From Sallisaw American) By "ES" Opdyke There was little kicking man, His name Simon Slick; He owned mule with dreamy eye Oh! how that mule could kick However children, this is not the mule we are going to tell you about in today's short story. Our subject, is just plain "honery" red mule, and his name is "Calamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter snows of twelve years, and has done his part in producing Sequoyah countys cotton output, but if Calamity could talk we imagine him saying, just no ways can keep outen bad luck." Calamity is not "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral which has from time to time been turned to the Federal Reserve Bank, Calamity has never been given a trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance" began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock" by reason of his good looks and pulling ability, he soon became an asset of the Citizens National, only to be taken over little later on by the First National. Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over the American Nationwhere Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting or the various stockholders of the banks will in resolution, that to be, join from becoming connected in any way shape or form with the responsibilities of our financial institutions. In as much as Calamity seems to be more or less of Jonah to our banks, we suggest that provision be made barring his name from any future banks to be, for he is only 12 years old and unless someone ties him to a railroad track, he is good for two or three more unpleasant experiences

16. January 6, 1928 The Democrat-American Sallisaw, OK

Article from The Democrat-American, January 6, 1928

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CITY BANK FAILS TO OPEN FOR BUSINESS FRIDAY Sallisaw is a bankless town. The town went bankless when the American National Bank failed to open its doors for business Friday morning. This was the second bank failure Sallisaw has experienced during the past three months and the third to occur in the county during the year. In 1926 Sallisaw had three banks all with a national charter and under the supervision of the Federal Reserve. The Citizens National Bank suspended operation December 31, 1926, when they were taken over by the American National Bank; The First National Bank in Sallisaw and The First National Bank of Muldrow failed October 24, 1927 and sixty days later the American National Bank closed. The failure of the three banks during 1927 was due primarily to poor crop conditions. The county ginned only 3000 bales of cotton, as compared to its normal crop of 30,000. The banks, farmers and merchants were doubly hit during the year when the Arkansas river, the Illinois river and all creeks went out of their banks and covered thousands of acres of rich farming land in the worst flood in the past 100 years. This was followed by the ravishing of the boll weevil on the cotton crop. The failure of the American National came as a distinct surprise to everyone in Sallisaw and surrounding territory, as this bank was owned and operated by home people and it was thought the institution was free from any bad paper, as the institution was organized in 1923. The American National was given a charter in 1924, prior to that time it operated for several months under the name of Security State Bank and as the successor of Sallisaw Bank and Trust company, which failed during 1923. The personnel of the failed bank are: J. Perry Wheeler, president; Charley S. Hampton, vice president; Thomas J. Delaney, cashier. The board of directors are: R. Kobel, lumber dealer; H. C. Winter, merchant and property owner; C. Q. Cherry, merchant and property owner; J. Perry Wheeler, ginner; C. E. Riggs, retired business man; Dr. T F. Harmon, dentist, Charley S. Hampton, Mrs. J. C. Woll, milliner, and I. H. Nakdimen of Fort Smith capitalist. The bank was in charge of Charley S. Hampton, who was president of the First National Bank at Stilwell, before coming to Sallisaw to take charge of the Security State Bank. Hampton was assistant cashier of the Merchants National Bank here many vears ago.

17. August 31, 1928 The Democrat-American Sallisaw, OK

Article from The Democrat-American, August 31, 1928

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NOTICE OF SHERIFF'S SALE Notice is hereby given in puran order of sale issuer out suance the District Court of Sequoyah State of Oklahoma, the County, 1st of August, in day action then pending said court, an wherein M. H. Fitch plaintiff and Sallisaw Bank and Trust Company, corporation, the State of Oklahoma Ex. Rel. B. Mothersed, Bank missioner Harmon, R. Kobel and Cherry as Trustees for the depositors of the Sallisaw Bank Trust Company, corporation. American National Bank of Sallisaw, corporation, Waddell Investment Company, corporation, The Peoples Trust the Company, Liberty National Bank of Kansas City, Beachy and Williams, were the defendants, directing me, the undersigned, Sherof Sequoyah County, State of Oklahoma, to advertise and sell in bulk entirety and not in separate tracts parcels without appraiseor ment or valuation the following scribed real estate, situated quoyah County. State of Oklahoma, to-wit: The northeast quarter of the northeast quarter of section and the northeast of the northeast quarter of the northeast quarter and three acres in the northB. east corner of the southeast quarter of the northeast quarter the of section four northeast quarter (4) township 11 north and range 25 east, and the sotuheast quarter of the southeast quarter the of section 33, southeast quarter north and range township containing in all east, more or less. arces To satisfy judgment and decree of foreclosure in favor of plaintiff against the defendants for B. satisfaction of the sum of $1,672.00 thereon at the rate of with interest ten percent per annum, from the 25th 1928 until paid day of January further of $150.00 and the sum fees and $4.50 as costs attorney's supplemental and the of of this action and all costs cruing costs. satisfy judgment in favor Also to National Bank subof the Liberty of plaintiff for the ject to judgment of of with satisfiction of the snm thereon at 18 percent from interest November, 1922; the sum the 9th day with interest at the rate of the 10th day of percent from the sum of 1923, and the rate 18 20 with interest the 26th day of Seppercent from 1925 and the sum tember, with interest at the rate the 29th day of Seppercent from 1926, until paid. tember, also to satisfy judgment And subject to the favor of Grant, and of the judgment of plaintiff Bank defendant, Liberty for the satisfaction Kansas City, $90.00 with percent the sum of Decemfrom the first day terest of $90.00 with ber the sum the of ten percent per terest at rate of Decemfro mthe first day annum of $90.00 with ber, 1925 and the sum the rate of ten percent per interest at 1st dap of Decemfrom the annum. ber, 1926. 4th day of Tuesday, the will on 1928, the hour at September the front door o'cock M. at ten Court House in the the County Sequoyah County, City of Sallisaw, offer sale and State of Oklahoma, and best for cash to the highest sell bulk an entirebidder therefor ,in as in separate tracts or and not lands and tenements cels, the for the before particularly interof said judgments. fee as costs and attorney' est, quired and directed in said order of sale. WHEREOF, have IN WITNESS this the 1st set hand on hereunto my 1928. day of August JOHNSTON, JOHN of Sequoyah County, Sheriff State of BY JAS. Deputy. Frye and Frye, for Attorneys Aug. North half of southeast quarter of section, township eleven north, range east of said judgment will further order sale of said real estate without appraisement and will order the application the proceeds of said sale to the satisfaction of said mortgage and judgment, attorney's fee and costs, and will foreclose and bar all your right, title and interest and said premises, and such other relief as may equitable the premises, proper and for the appointment of receiv- RAYMOND P. DRAKE, Court Sequoyah County and JOHNSON. for plaintiff. Aug. Sept Forty of constant use is the years best proof of the effectiveness of White's Cream Vermifuge for expelling worms in children or adults. Price, 35c. Sold by Ivey's Drug Store, Sallisaw

Sallisaw Bank & Trust Company (Sallisaw, OK)

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Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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