11019. Merchants & Planters Bank (Indianola, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 28, 1906
Location
Indianola, Mississippi (33.451, -90.655)

Metadata

Model
gpt-5-mini
Short Digest
cd3e675e

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Oct 28–29, 1906) report the Merchants and Planters Bank of Indianola, Miss., has been placed in the hands of a receiver (Marvin Brown named). No articles mention a prior run; the bank was placed in receivership on application of correspondent banks and thus appears to have suspended and been closed permanently.

Events (1)

1. October 28, 1906 Receivership
Newspaper Excerpt
The Merchants and Planters' bank of Indianola has been placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35,000. Marvin Brown ... has been named as receiver.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, October 29, 1906

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Article Text

RECEIVER FOR MISSISSIPPI BANK. Memphis, Oct. 28.-A dispatch to "The Commercial Appeal" from Indianola, Miss., says: The Merchants and Planters' Bank, of Indianola, has been placed in the hands of a receiver, on the application of the Memphis and New Orleans banking institutions, which present claims aggregating $35,000. Marvin Brown, of this place, has been named us receiver


Article from The Times Dispatch, October 29, 1906

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Article Text

RECEIVER APPOINTED FOR INDIANOLA BANK INDIANOLA MISS., October 28.-The Merchants' and Planters' Bank. of Indianola, has been placed in the hands of a receiver on the application of MemThis and New Orleans banking instituifons, who present claims aggregating $35,000 Marvin Brown, of this place, has been named as receiver.


Article from The Montgomery Advertiser, October 29, 1906

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Article Text

dianola, Miss., says: The Merchants and Planters Bank of Indianola has been placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions who present claims aggregating $35.000. Marvin Brown. of this place. has been named as receiver.


Article from The Birmingham Age-Herald, October 29, 1906

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Article Text

Receiver is Named. Memphis, October 28.-A special to the Commercial-Appeal from Indianola, Miss., says: The Merchants and Planters bank of Indianola has been placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35.000. Marvin Brown of this place has been named as receiver.


Article from Arizona Republican, October 29, 1906

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Article Text

A MISSISSIPPI BANK. Indianola, Miss., Oct. 28.-The Merchants' and Planters' bank of Indianola has been placed in the hands of a receiver on the applications of Memphis and New Orleans banking institutions which present claims aggregating $35,000. / Marvin Bisown of this place has been named receiver.


Article from The Lake County Times, October 29, 1906

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Article Text

NEWS FACTS IN OUTLINE Forty-two states and three territories will hold elections Nov. 6, twenty of them electing state officers and legislatures and two representatives in congress and legislatures. President Roosevelt was 4S years old Saturday. The largest consignment of gold ever shipped from South Africa-$5,700,000 -has just arrived in London. Bellamy Storer, ex-ambassador to Austria, whose sudden recall created a sensation, has arrived at New York from Europe. Charles E. Bross, chief clerk of the Wisconsin state senate from 1878 to 1890. is dead at Madison, Wis., aged 74 years. The known fatalities resulting from the fire that destroyed the Chamber of Commerce building in Kansas City, Kan., number twelve. Four persons are yet missing. It is announced that the construction of two battleships, each of over 20,000 tons, will shortly be begun in a Eussian yard. The Newfoundland colonial legislature will meet early in January for the purpose of considering the fisheries difficulty. The "Roosevelt" prize for the three mile run at Paris was won by Keyser, a French athlete. The signal corps has completed a wireless telegraph station at Camp Columbia, Cuba, and is exchanging messages with Key West promptly. The total receipts of the general land office for the year ended June 30 were $7,585,524, an increase over the preceding year of $567,713. William O. Robson, supreme secretary of the Royal Arcanum, is dead of pneumonia at Wellesley Hills, Mass., aged 83 years. The Merchants' and Planters' bank, of Indianola. Miss., has been placed in the hands of a receiver.


Article from Bryan Morning Eagle, October 30, 1906

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Article Text

lu Receiver's Hands. Memphis, Oct. 29.-A special to the Commercial-Appeal from Indianola Miss., says: The Merchants and Plant. ers' bank of Indianola was placed in the hands of a receiver on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35,000. Marvin Brown of this place has been named as receiver.


Article from St. Johnsbury Caledonian, October 31, 1906

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Article Text

THE WEEK'S NEWS Monday, Oct. 29. By the wrecking of a three-coach electric train on the West Jersey and Sea Shore railroad, at least 50 passengers perished and the list may reach a total of 75. While crossing a draw bridge spanning the waterway known as "The Thoroughfare," which sepaCity from the left the track and rates the train Atlantic mainland, plunged Into the water. corps has wireless telegraph station at Co The signal completed Camp a lumbia, Cuba. This puts General Bell's beadquarters in immediate com munication with Washington. William O. Robson, supreme secretary of the Royal Arcanum, died at his home in Wellesley Hills, Mass., of pneumonia. after an illness of 0 days. Robson was elected supreme secretary in 1877 and has held the office ever since. The embalmed body of 6-months-old girl in a dress suit case was found at Express the Adams company's office at Philadelphia by inspectors who were going over unclaimed articles preparatory to having them sold. Thomas F. Dignam has been confirmed as temporary receiver of the Hartford Telegram company. The liabilities are $10,774.68 The will of Colonel Henry P. Martin, formerly commander of the Seventy-First New York in bequeaths $500,000 Church Brooklyn, American building regiment, fund to filed com- the mission of the Protestant Episcopal church in the United States and $100,000 to the domestic and foreign missionary society of the Protestant Episcopal church. Sunday, Oct. 28. Frank Martin, 9 years old, and Albert Holland, 10, who were arrested for breaking into the summer home of C. B. Reed at Greenwich, Conn., and destroying property there, were committed to the state reform school until they shall reach the age of 21. The Merchants and Planters' bank of Indianola, Miss., has been placed in the hands of a receiver. G. H. Lewis, acting as solicitor for the Duke and Duchess of Marlborough, says that no deed of separation between the duke and the duchess has been signed. Two breakers were blown down, hundreds of homes damaged, dozens of persons injured and scores of trees and telephone poles uprooted and blown a storm which down in swept through damThe the Lackawanna valley. age will be close to $500,000. The New England Insurance Exchange took the first step toward reduction of insurance rates, which were raised after the San Francisco disaster. The step was in the form of a repeal of the "emergency rate" which raised insurance 20 cents per hundred in the towns and cities of New England over which the exchange has jurisdiction. The first public utterance of President Roosevelt touching upon the camYork was to paign in New conveyed Republican mass meeting at Cooper Union in the form of an endorsement of the gubernatorial candidacy of Charles M. Hughes. Saturday, Oct. 27. Residents of the seacoast cities of Maine are interested in the report that a movement for the abolition of custom houses in many of the small ports will be pushed at the next session of congress on the ground of excessive cost. Mrs. Kaine, aged 65, was accidentally shot and killed by two boys who were out gunning in the village of Lansville, Mass. Murder and self-destruction by shooting ended the lives of a man and woman who were registered at a New York hotel as Mr. and Mrs. Sinclair Burlington, Vt. John Hoag, assistant cashier of the Aetna Banking and Trust company of Washington, was arrested at Chicago as he was about to board a train for the northwest. A sentence of one year in jail was imposed upon' Henry L. Farrington, convicted of manslaughter for the shooting of Eugene Bryant in the Hartford, Me., lumber camp. President Roosevelt has directed Secretary Metcalf to proceed to San Francisco and make a thorough and complete inquiry into the situation af fecting the expulsion of Japanese children from the schools provided for white children. The American mission has decided 3 to remain in Fez until the Sultan of Morocco takes steps for the payment of e the indemnities demanded for outrages upon American citizens. Friday, Oct. 26. 3 Battleship Minnesota, a product of I the Newport News Shipbuilding and Drydock company, had a very successful four-hour endurance trial off coast, knots New Her average England speed of 18.86 maintaining an hour the an contract speed is,18 knots an hour of There is a wholesale dismissal Grand Trunk railway conductors under way.


Article from Burlington Weekly Free Press, November 1, 1906

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Article Text

Sunday, Oct. 28. Frank Martin. 9 years old. and A1bert Holland. 10. who were arrested for breaking Into the summer home of C. 1: Reed at Greenwich Conn. and destroying property there, were com. mitted to the state reform school until they shall reach the age of 21. The Merchants and Planters' bank of Indianola, Miss. has been placed 112 the hands of a receiver. G 11. Lewis, acting as solicitor for the Duke and Duchess of Marlborough says that no deed of separation between the duke and the duchess has been signed. Two breakers were blown down hundreds of homes damaged. dozens of persons injured and scores of trees and telephone poles uprooted and blown down in a storm which swept through The dam. the Lackawanna valley. are will in aloca to 8500 000


Article from Forest City Press, November 8, 1906

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Article Text

Indiancia, Miss.-The Merchants and Planters bank, of Indianola, has been placed in the hands of a receiver. on the application of Memphis and New Orleans banking institutions, who present claims aggregating $35,000. Marvin Brown, of this place, has been named as receiver.