11024. Central Bank (Jackson, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 23, 1911
Location
Jackson, Mississippi (32.299, -90.185)

Metadata

Model
gpt-5-mini
Short Digest
922c6c5f

Response Measures

None

Description

Articles refer to the 'suspended Central Bank' of Jackson and mention a receiver (E. E. Hindman) and criminal charges against the cashier/founder W. J. Rice for issuing false statements and 'wrecking' the bank. No article describes a depositor run or reopening; a receiver was already active by Nov 1911, and criminal conviction occurred July 1912. Classified as suspension leading to closure/receivership due to bank-specific fraud/adverse information.

Events (3)
1. November 23, 1911 Receivership
Newspaper Excerpt
W. J. Rice, the banker arrested in Kentucky last Saturday and returned to Jackson by E. E. Hindman, receiver of the Central bank, the concern Rice is charged with having wrecked, declines to make any statement ...
Source
newspapers
2. November 23, 1911 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier/founder W. J. Rice accused of issuing a false statement as to the condition of the bank and 'wrecking' the concern.
Newspaper Excerpt
the suspended Central bank of this city
Source
newspapers
3. July 20, 1912 Other
Newspaper Excerpt
After deliberating for twenty-four hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central bank of this city, accused of having issued a false statement as to the condition of the bank, returned a verdict of guilty ...
Source
newspapers

Newspaper Articles (5)
1. November 23, 1911 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, November 23, 1911

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Article Text

W. J. Rice, the banker arrested in Kentucky last Saturday and returned to Jackson by E. E. Hindman, receiver of the Central bank, the concern Rice is charged with having wrecked, declines to make any statement or to be interviewed by representatives of the press. He is making the best of it in the Hinds county jail, and will probably remain there till circuit court convenes the first Monday in December.

2. July 20, 1912 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, July 20, 1912

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Article Text

HIS STATEMENT FALSE Bank Clerk Found Guilty But Jury Recommends Leniency. Jackson, Miss., July 20.-After deliberating for twenty-four hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central bank of this city, accused of having issued a false statement as to the condition of the bank. returned a verdict of guilty late yesterday but recommended that the sentence imposed be lenient. An appeal will be taken.

3. July 20, 1912 Newark Evening Star and Newark Advertiser Newark, NJ
Article from Newark Evening Star and Newark Advertiser, July 20, 1912

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Article Text

CASHIER FOUND GUILTY JACKSON, Miss., July 20.-After deliberating for twenty-four hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central Bank, of this city, accused of having issued a false statement as to the condition of the bank, returned a verdict of guilty late yesterday, but recommended that the sentence imposed be lenient. An appeal will be taken.

4. July 20, 1912 Evening Star Washington, DC
Article from Evening Star, July 20, 1912

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Article Text

Guilty of Falsifying Accounts. JACKSON, Miss., July 20.-After delibcreting for twenty-four hours, the jury in the case of W. J. Rice, cashier and founder of the suspended Central Bank of this city, accused of having issued a false statement as to the condition of the, bank. returned a verdict of guilty late yesterday, but recommending that the sentence imposed be lenient. An appeal will be taken.

5. July 21, 1912 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, July 21, 1912

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Article Text

RICE DECLARED GUILTY OF FRAUD Jackson, Miss., July 20.-After deliberating for 24 hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central bank of this city, accused of having issued a false statement as to the condition of the bank, returned a verdict of guilty late today but recommended that the sentence imposed be lenient. An appeal will be taken.