11142. Citizens Bank (Scobey, MS)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
January 28, 1910
Location
Scobey, Mississippi (33.942, -89.866)

Metadata

Model
gpt-5-mini
Short Digest
4980ae40

Response Measures

Full suspension

Other: Bank was 'placed in liquidation' by Earl Brewer; liquidator pledged payment to stockholders and depositors.

Description

Articles (Jan 28, 1910) report the Citizens Bank of Scobey was placed in liquidation and the doors closed; depositors gathered clamoring for money (a run). Earl Brewer acted as liquidator and pledged to pay stockholders and depositors in full. I classify this as a run leading to suspension and permanent closure (liquidation).

Events (3)

1. January 28, 1910 Other
Newspaper Excerpt
Mr. Brewer gave his personal pledge that every stockholder and every depositor would be paid in full, dollar for dollar, the amount of their stock and their deposits.
Source
newspapers
2. January 28, 1910 Run
Cause Details
Depositors rushed bank after news of closure/liquidation; immediate trigger was announcement of liquidation/closure.
Measures
Earl Brewer personally pledged that every stockholder and depositor would be paid in full, dollar for dollar.
Newspaper Excerpt
There was considerable excitement in town when the fact of the closure became known, and depositors gathered around the bank clamoring for their money.
Source
newspapers
3. January 28, 1910 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank was placed in liquidation by Earl Brewer (liquidator) and closed; action described as liquidation rather than a statutory government seizure.
Newspaper Excerpt
The Citizens Bank of Scobey was placed in liquidation by Earl Brewer, of Clarksdale, and the doors closed.
Source
newspapers

Newspaper Articles (3)

Article from The Commonwealth, January 28, 1910

Click image to open full size in new tab

Article Text

Lewis Dennis, who killed Circuit Clerk John White, in Raymond several years since, and who was tried in Hinds county and sentenced to hang, after his case was reversed by the supreme court and remanded for new trial and by a change of venue tried in Madison county a year ago, convicted and sentenced to eight years in the penitentiary, pleaded guilty to manslaughter and was sentenced by Judge Potter to two years in the penitentiary. The case is a noted one, and has been pending for seven years. Mon. J. B. Yellowly, supervisor of the census for the Eighth district of Mississippl, is having a busy time arranging for the preliminaries for the enumeration, which he is to be prepared to begin with on April 15 next. While the people were rather slow at first in the matter of applying for positions as enumerators, there is no lack of them now, the list including women as well as men, and, as a rule, they include persons who seem well qualified for the duty. Finding it impossible to give employment exclusively to white enumerators, because of the lack of applications, the census supervisors in Mississippi are now enrolling negro enumerators. It is the intention of the supervisors, however, to employ the negroes, insofar as possible, in districts populated by their own race. George Burdette, a young white man, was robbed at Vicksburg by two unknown white men. They afterwards tied Burdette to the railroad track and left him to be run over by the incoming passenger train. Burdette screamed for help for an hour, and finally attracted a negro passing, who pulled him off of the track just before the train dashed by. S. J. Dickey, 83 years old, died at Olive Branch. He was one of the wealthiest and most prominent men of DeSoto county. His country home was the scene of many business transactions, men far and near seeking financial aid, and his upright dealings with them always commanded their respect and friendship. The trial of W. S. Mustin, wealthy liveryman of Columbus, charged with the murder of J. W. Smith, lasted just two hours, Mr. Mustin being acquitted by the jury on a peremptory charge by Judge Buckley. He was indicted on testimony furnished by Henry Betts, the negro who actually killed Smith. In his confession before the grand jury Betts swore that Mustin agreed to pay him $100 to kill Smith. Mississippi statutes make no provisions for accessories in cases of this kind. The Citizens Bank of Scobey was placed in liquidation by Earl Brewer, of Clarksdale, and the doors closed. There was considerable excitement in town when the fact of the closure became known, and depositors gathered around the bank clamoring for their money. They were soon quieted by Mr. Brewer, who gavé his personal pledge that every stockholder and every depositor would be paid in full, dollar for dollar, the amount of their stock and their deposits. One of the largest and most intelligent audiences that ever gathered in West Point assembled in the courthouse to hear Dr. S. A. Knapp, of the department of agriculture at Washington. Farmers and business men from every part of East Mississippi were here, showing by their presence the great interest in agricultural subjects that means so much for the life and general uplift of the state. One hundred and eighty-three dollars is the result of a little extra energy on the part of an enterprising farmer living near West on three-quarters of an acre planted in turnips. He has already sold sixty-five buggy-loads of turnips and salad in the home market, netting him $140 cash. He estimates that he will get twenty loads more that will net him $43, making a total of $183. This is equal to $244 per acre. A sensation was caused in Meridan when it was learned the late grand jury had returned indictments against the Eagle Cotton Oil Company, the Mississippi Cotton Oil Company, the Southern Oil and Fertilizer factory, four of the biggest corporations in the city. The specific charge contained in the indictment follows: "Did unlawfully adulterate cotton seed meal with hulls and other substances without noting said adulteration on each sack or receptacle." With the bestowal of sixteen crosses of honor, a patriotic address by Prof. Charles Mason, of the Bolivar public schools, songs and the U. D. C. ritual, the natal day of Gen. R. E. Lee, "the greatest commander developed on the Southern side" and the equal of any on the Northern side, was celebrated at Bolivar. Gov. Noel commissioned William Lee, of Mendenhall to act as sheriff of Simpson county, vice E. D. Hubbard, the popular young sheriff who fell a victim to the negro assassin's bullet. The appointee was chief deputy in the sheriff's office at Mendenhall, and it was com municated to the governor that his last wish expressed wah that Lee receive


Article from Macon Beacon, January 28, 1910

Click image to open full size in new tab

Article Text

Mississippi News Lewis Dennis, who killed Circuit Clerk John White, in Raymond several years since, and who was tried in Hinds county and sentenced to hang, after his case was reversed by the supreme court and remanded for new trial and by a change of venue tried in Madison county a year ago, convicted and sentenced to eight years in the penitentiary, pleaded guilty to manslaughter and was sentenced by Judge Potter to two years in the penitentiary. The case is a noted one, and has been pending for seven years. Hon. J. B. Yellowly, supervisor of the census for the Eighth district of Mississippi, is having a busy time arranging for the preliminaries for the enumeration, which he is to be prepared to begin with on April 15 next. While the people were rather slow at first in the matter of applying for positions as enumerators, there is no lack of them now, the list including women as well as men, and, as a rule, they include persons who seem well qualified for the duty. Finding it impossible to give employment exclusively to white enumerators, because of the lack of applications, the census supervisors in Mississippi are now enrolling negro enumerators. It is the intention of the supervisors, however, to employ the negroes, insofar as possible, in districts populated by their own race. George Burdette, a young white man, was robbed at Vicksburg by two unknown white men. They afterwards tied Burdette to the railroad track and left him to be run over by the incoming passenger train. Burdette screamed for help for an hour, and finally attracted a negro passing, who pulled him off of the track just before the train dashed by. S. J. Dickey, 83 years old, died at Olive Branch. He was one of the wealthiest and most prominent men of DeSoto county. His country home was the scene of many business transactions, men far and near seeking financial aid, and his upright dealings with them always commanded their respect and friendship. The trial of W. S. Mustin, wealthy liveryman of Columbus, charged with the murder of J. W. Smith, lasted just two hours, Mr. Mustin being acquitted by the jury on a peremptory charge by Judge Buckley. He was indicted on testimony furnished by Henry Betts, the negro who actually killed Smith. In his confession before the grand jury Betts swore that Mustin agreed to pay him $100 to kill Smith. Mississippi statutes make no provisions for accessories in cases of this kind. The Citizens Bank of Scobey was placed in liquidation by Earl Brewer, of Clarksdale, and the doors closed. There was considerable excitement in town


Article from The Grenada Sentinel, January 28, 1910

Click image to open full size in new tab

Article Text

he penitentiary. The case IS a noted ne, and has been pending for seven ears. Hon. J. B. Yellowly, supervisor of the ensus for the Eighth district of Missisippi, is having a busy time arranging or the preliminaries for the enumeraion, which he is to be prepared to bein with on April 15 next. While the eople were rather slow at first in the atter of applying for positions as enuerators, there is no lack of them now, he list including women as well as en, and, as a rule, they include perons who seem well qualified for the .Xin Finding it impossible to give employent exclusively to white enumerators, ecause of the lack of applications, the ensus supervisors in Mississippi are now nrolling negro enumerators. It is the tention of the supervisors, however, to mploy the negroes, insofar as possible, 1 districts populated by their own race. George Burdette, a young white man, as robbed at Vicksburg by two unnown white men. They afterwards tied urdette to the railroad track and left im to be run over by the incoming pasenger train. Burdette screamed for elp for an hour, and finally attracted negro passing, who pulled him off of he track just before the train dashed by. S. J. Dickey, 83 years old, died at Olive ranch. He was one of the wealthiest nd most prominent men of DeSoto counr. His country home was the scene of any business transactions, men far d near seeking financial aid, and his pright dealings with them always comanded their respect and friendship. The trial of W. S. Mustin, wealthy veryman of Columbus, charged with the urder of J. W. Smith, lasted just two burs, Mr. Mustin being acquitted by Aq charge e uo Amf et udge Buckley. He was indicted on stimony furnished by Henry Betts, the egro who actually killed Smith. In his nfession before the grand jury Betts vore that Mustin agreed to pay him 00 to kill Smith. Mississippi statutes ake no provisions for accessories in ses of this kind. The Citizens Bank of Scobey was aced in liquidation by Earl Brewer, of arksdale, and the doors closed. There as considerable excitement in town hen the fact of the closure became nown, and depositors gathered around e bank clamoring for their money. hey were soon quieted by Mr. Brewer, ho gave his personal pledge that every ockholder and every depositor would paid in full, dollar for dollar, the nount of their stock and their deposits. One of the largest and most intelligent diences that ever gathered in West bint assembled in the. courthouse to ar Dr. S. A. Knapp, of the departent of agriculture at Washington. rmers and business men from every rt of East Mississippi were here, showg by their presence the great interest agricultural subjects that means SO uch for the life and general uplift of state. 0 One hundred and eighty-three dollars the result of a little extra energy on e part of an enterprising farmer living ar West on three-quarters of an acre anted in turnips. He has already sold xty-five buggy-loads of turnips and lad in the home market, netting him 40 cash. He estimates that he will t twenty loads more that will net him 3, making a total of $183. This is ual to $244 per acre. A sensation was caused in Meridan en it was learned the late grand jury d returned indictments against the