11040. Delta Bank (Leland, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 11, 1906
Location
Leland, Mississippi (33.405, -90.898)

Metadata

Model
gpt-5-mini
Short Digest
e936e0d7

Response Measures

None

Description

Cashier W. H. Bell disappeared with about $5,000; directors closed the bank and an assignee/receiver was named and application filed. Later reports (May 1906, Mar 1907) show the bank remained in the hands of a receiver; no run is described. Classified as suspension leading to closure/receivership.

Events (3)
1. April 11, 1906 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier W. H. Bell absconded and $5,000 of the bank's funds were discovered missing after directors' investigation.
Newspaper Excerpt
Following the disappearance of W. H. Bell, cashier of the Delta Bank of Leland ... the doors of that institution were closed last night and Jack Stinson of Leland, named as assignee.
Source
newspapers
2. April 12, 1906 Receivership
Newspaper Excerpt
An application for a receiver will be made. ... Jack Stinson of Leland named as assignee. An application for a receiver has been filed. ... Mr. M. B. Smith was appointed receiver and instructed as to his duties by Judge Bell.
Source
newspapers
3. March 1, 1907* Other
Newspaper Excerpt
The assessment of the Delta Bank of Leland, now in the hands of a receiver, was reduced from $7,000 to $2,000.
Source
newspapers

Newspaper Articles (8)
1. April 12, 1906 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 12, 1906

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Article Text

BANK IS CLOSED. Cashier of Mississippi Bank Is Found Missing. Memphis, April 11.-A special to the Commercial-Appeal from Leland, Miss, says: Following the disappearance of W. H. Bell, cashier of the Delta Bank of Leland and an investigation of the books of the bank by the directors, which, it Is alleged, developed that $5000 of the bank's funds are missing, the doors of the institution were closed this evening, and Jack Stinson of Leland named as assignee. Tomorrow an application for a receiver will be made. The bank is capitalized at $34.000, and the deposits amount to $25,000. A. M. Love is president, and A. L. Neal, vice president of the institution.

2. April 12, 1906 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, April 12, 1906

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Article Text

Bank's Doors Closed. Memphis, Tenn., April 12-A special to the Commercial Appeal from Leland. Miss., says: Following the disappearance of W. H. Bell, cashier of the Delta bank of Leland, and an Investigation of the books of the bank by the directors which, It is alleged, developed that $5,000 of the bank's funds are missing. the doors of that Institution were closed last night and Jack Stinson of Leland, named as assignee. To-day an application for a receiver will be made. The bank is capitalized at $34,000 and the deposits amount to $25,000. A. M. Love is president and A. L. Neal is vice-prestdent.

3. April 13, 1906 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, April 13, 1906

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Article Text

Cashier Gone; Cash Missing. Leland, Miss., April 12.-Following the disappearance of W. H. Bell, the cashier of the Delta Bank of Leland, and an investigation of the books of the bank by the directors, which, it is alleged, developed that $5,000 of the bank's funds are missing, the doors of that institution were closed Wed. nesday evening, and Jack Stinson, of Leland, named as assignee. An appplication for a receiver has been filed. The bank is capitalized at $34,000, and the deposits amount to $25,000.

4. April 13, 1906 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, April 13, 1906

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Article Text

he. will try to make an air-line trip to Chicago from New York in a race for a prize of $300. "I can't tell you much about the details of the affair," said the aeronaut. "All I know is that two representatives of the New York Aero Club called on me Wednesday, and I signed a contract and will start for New York Wednesday. The race probably will be begun the following Sunday and I hope to make the trip through the clouds to Chicago." A special to the Memphis, Tenn., Commercial Appeal from Leland. Miss., says: Following the disappearance of W. H. Bell, cashier of the Delta Bank of Leland, and an investigation of the books of the bank by the directors, which, it is alleged, developed that $5000 of the bank's funds are missing. the doors of that institution were closed Wednesday night and Jack Stinson of Leland named as assignee. An application for a receiver was made Thursday. The bank is capitalized at $34,000 and the deposits amount to $25,000. A. M. Love is president and A. L. Neal is vice president. "Not on your life." was the response made by Dr. J. L. Brooks of Washington. D. C., when invited Wednesday night by a highwayman at Dallas, Tex., to hold up his hands. Suiting the action to the words Dr. Brooks knocked down the man and then turned to the man's companion who was unarmed. The latter ran away. The man with the pistol snapped it twice at Dr. Brooks and then ran off too. Dr. Brooks chased them four or five blocks and then notified the police. Dr. Brooks is a Methodist minister and is atten ding the Methodist educational convention of Texas now in session at Dallas.

5. April 14, 1906 The Greenville Times Greenville, MS
Article from The Greenville Times, April 14, 1906

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Article Text

THE CASHIER ABSCONDED THE BANK OF LELAND, MISS., CLOSES ITS DOORS W. H. Bell, the Cashier, Left Suddenly on Last Thursday With Over Five Thousand Dollars The Delta Bank of Leland closed its doors Wednesday afternoon by order of its directors, who had been investigating the books since Monday. The failure is due to the disappearance of W. H. Bell, cashier, with over $5,000 of the banks' funds. On Thursday of last week Mr. Bell left for Memphis and has not been heard from since. No one suspected the condition of affairs until Monday, when suspicion was aroused over a transaction that came to light, and the investigation resulted. Mr. Bell was bonded for $10,000 by the United States Fidelity and Guaranty Company, of Baltimore, who are represented by Messrs. Hebron and Starling of this city, and who acted as agents in bonding Mr. Bell. This bond, it is expected, will cover the loss of the shortage. The assignee is Jack Stenson, of Leland, and the assignment was made without preference or reservation. The deposits amount to $25,000. The depositors will be paid in full, and the stockholders will realize fifty cents on the dollar. The officers of the bank are A. M. Love. president; A. L. Neal, vicepresident; and their efforts are being put forth to save the depositors any loss. The bank was capitalized at $34,000. Mr. Bell had been cashier of the bank since its opening three years ago; is twenty-five years old, married a prominent young lady of Tennessee just about a year ago, and had no bad habits as far as is known. Mr. Bell's former home was at Obion Tenn. Mrs. Bell left Leland a few days prior to the disappearance of Mr. Bell, she having supposedly gone on a visit to her home in Obion, Tenn. At a meeting of the officers and directors of the bank, held in Judge Bell's office in this city on Thursday morning, Mr. M. B. Smith was appointed receiver and instructed as to his duties by Judge Beil. No reward has been offered for the arrest of Mr. Bell, the absconding cashier.

6. April 14, 1906 Gainesville Daily Sun Gainesville, FL
Article from Gainesville Daily Sun, April 14, 1906

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Article Text

Cashier Gone: Cash Missing. Leland, Miss. April 13.-Following the disappearance of W H Bell. the cashier of the Delta Bank of Leland and an investigation of the books of the bank by the directors, which, of Is alleged, developed that $5,000 of the bank's funds are missing. the doors of that institution were closed Wed needay evening. and Jack Stinson. of Leland, named as assignee As apppli cation for a receiver has been filed The bank is capitalized at $34,000, and the deposits amount to $25,000.

7. May 10, 1906 The Kemper Herald Scooba, MS
Article from The Kemper Herald, May 10, 1906

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Article Text

Bank to Meet Liabilities. Hon. R. W. Garrison, of Leland, stated that a meeting of the stockholders of the Delta Bank, of Leland, which suspended recently, would be held on May 8, and that from the suspended bank's condition the stockholders not only expected to pay dollar for dollar of the liabilities, but to reopen the bank with full confidence in its stability, the suspension being due entirely to the mismanagement of Cashier Bell, whose peculations are covered by a bond in a surety company.

8. March 9, 1907 The Greenville Times Greenville, MS
Article from The Greenville Times, March 9, 1907

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Article Text

# PROCEEDINGS OF THE BOARD OF SUPERVISORS Of Washington County - Regular March, 1907, Term. The Board of Supervisors of Washington County, held its regular March, 1907, meeting on last Monday, for the transaction of such business as might come before it, the following members and officers being present: H. Wilczinski, President; W. W. Worthington, F. H. Hutson and T. S. Reed, members; J. H. Crouch, Sheriff and T. H. Hood, Clerk. The county allowances were ordered paid. A new registration of voters in the Third Supervisor's District was ordered, said registration to begin within 30 days from the date of the Supervisor's meeting. The clerk was ordered to advertise for bids for repair on Free Nigger Bayou bridge. Bids were advertised for for the county printing, said bids to be submitted to the next regular meeting. A reduction of rent to Robert Holmes for the years 1906 and 1907 from $150 to $100 was made on Sec. 16, T. 15, R. 5. It was ordered that the Greenville Gas and Coke Co. be refunded $45 overtax for 1906 on the company's personal property. Owing to the failure of crops in 1906, the petition of W. W. Weeks for reduction of rent on portion of Section 16, near Helm Station, for reduction to $500 for certain weeks in 1907 was granted. The assessment of the Delta Bank of Leland, now in the hands of a receiver, was reduced from $7,000 to $2,000. The assessment of W. S. Bower on certain property in the Belle Aire Addition to the City of Greenville, was reduced from $350 to $100. In the matter of division of road No. 206 into two links, the Board ordered that the petition for such division be granted as follows: that link No. 206 in the future will extend from Granicus bridge to the bridge in front of Parnell residence, and that the remainder of the link, to Silver Lake, be known as link No. 206½. Hands on the Branton, Parnell and Johnston places were ordered to work on link No. 206, and the hands originally ordered to work on Link No. 206 were assigned to link No. 206½.