15583. Elk City National Bank (Elk City, OK)

View Charter #6164 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6164
Charter Number
6164
Start Date
May 1, 1904*
Location
Elk City, Oklahoma (35.412, -99.404)

Metadata

Model
gpt-5-mini
Short Digest
93c566c22823244e

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1904-05-28
Date receivership terminated
1906-11-27
OCC cause of failure
Fraud
Share of assets assessed as good
37.9%
Share of assets assessed as doubtful
43.4%
Share of assets assessed as worthless
18.7%

Description

Multiple articles report the Elk City (Okla.) National Bank failed last May (1904). National Bank Commissioner Sturdevant repaid depositors dollar for dollar and the cashier J. A. Mays was charged with wrecking the bank and later committed suicide — indicating a failure/closing due to bank-specific misconduct rather than a depositor run. No article describes a run prior to the failure or a reopening; the bank is described as failed and depositors were repaid.

Events (3)
1. March 17, 1902 Chartered
Source
historical_nic
2. May 1, 1904* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed due to alleged wrecking by cashier J. A. Mays (charged with wrecking the bank); commissioner repaid depositors, indicating insolvency from internal misconduct.
Newspaper Excerpt
National Bank Commissioner Sturdevant, on the 10th, repaid the depositors, dollar for dollar, in the Elk City (Okla.) national bank, which failed last May. Cashier J. A. Mays, who was charged with wrecking the bank, committed suicide in Texas after being arrested.
Source
newspapers
3. May 28, 1904 Receivership
Source
historical_nic

Newspaper Articles (4)
1. June 4, 1904 Macon Beacon Macon, MS
Article from Macon Beacon, June 4, 1904

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PERSONAL AND GENERAL Former Queen Lilluokalani of Hawaii and her party sailed from San Francis- the co. on the 26th, for Honolulu on steamer Sonoma. A Tokio correspondent of the London Telegraph says he learns that the Japare now Arthur, and that the anese of Port troops within than Russians 12 miles the suffered heavier casualties Japanese. who have taken guns and other material and a few prisoners He predicts a further surprise. as Japan is now increasing her efforts in all directions. A committee, headed by Mayor Holmes of Yazoo City, Miss., reported in that 500 families lost their homes the fire, and that one-half of com- that number were destitute. The mittee declined to make an appeal for outside aid. but announced that any contributions would be received and distributed. A dispatch from Che Foo. on the 27th. said that the Japanese had captured Kin-Chou on the 26th. driving good out the Russians, who retired in order to the south rn heights, which were subsequently carried by storm resist- by the Japanese after a stubborn ance. T.S. Ingraham. first assistant grand engineer of the International Brotherhood chief of Locomotive Engineers, dropped dead at his desk at the con- the vention in Los Angeles, Cal., on 28th. from apoplexy. The receiver of the First national bank of Cape May, N. J., recently closed, says that the bank will probably resume business. Miss Alice Roosevelt, eldest daughter of the president, arrived in St. Louis, on the 26th, where she is the of Miss Trene Catlin. After an al fresco tea at Miss Alice and a guest residence informal the party Catlin the of made an evening visit to fair to sea the friends World's Lindsborg, illumination. A tornado struck Kas., the 25th, demolishing the Union on Pacific depot and the large armory built for the state militia. besides unroofing a large number of buildings. Van Amburg's circus tent was literally torn to pieces and scattered. The buildings of the New York City the Milling Co. were wrecked by fire on of night of the 27th. and 4,000 barrels $200,flour were destroyed. The loss is 000. Charles H. Schlacks has been ap- & pointed vice-president of the Denver succeed Rio Grande Railroad Co., to in orRussell Harding, who resigned the der to devote his whole time to Missouri Pacific. Rear-Admiral Winfield S. Schley, distin- reas one of a party of arrived guished tired, Scottish Rite Masons, St. Louis, on the 26th Accompanyin the party was James D. Richard- supreme ing grand commander of the an ofcouncil. son. The party is making ficial tour in a private car. One of the !atest war reports is that Russians, thinking that the Japan- Wang the had retired from Feng Hai ese sent a force of 15,000 from Feng Cheng. and Liao Yang towards by Cheng Wang Cheng. They were surprised The 20,000 Japanese in the Tung pass. and over Russian casualties were 4,000, 1,000 Russians surrendered. Cyrus E. McGrady, président of the Seymour national bank at Indianapolis, Anderson, was sentenced by Judge in the Ind.. the federal court. to six years of United States prison at Leavenworth of Kas. Alfred C. Parker, president was First national bank of Bedford, same sentenced the to five years in the prison. The ornithologists of the department inagriculture have been making an of of of the economic value vestigation. result of which it is quail, as a "probthe announced that the bird abundant is ably now the most useful and species on the farms. Methodist general conference, voted, The session at Los Angeles, Cal. to in practically unanimous vote. so as by a the church constitution bishops amend to provide for the election of of other than of the white race. comptroller of the currency Stur- has The by Bank Examiner been notified that he has closed the Elk City The national tevant bank of Elk City, Okla. $25,000. stock of the bank was capital Fire destroyed the plant and Co. ware- at house of the Alabama Cordage entailMontgomery, Ala.. on the 29th, pracloss of $400,000. which is ing a covered by insurance. tically Keen, at one time a wellIrish comedian. and a in known Ainslee J. drowned veteran civil war. was of the barrel near his home at Waukesha, to rain Wis. The drowning is supposed have been accidental. Fire wiped out the principal business Ia., inof the town of Eldridge, B. Weiz block the general store of J. yards cluding the town elevator. stock & and Co., several residences. Loss, $75,000; insurance, $50,000. wellthe 30th John Seyfried, a Joseph, On saloonkeeper of St. at his known murdered by thugs when Mo., was was alive place of business. He soon afterby his wife, but died confound ward. without having regained sciousness. band of 50 Apache Indians, States under A of detachment of United on the arrived in St. 29th. soldiers, guard and were taken immediately Louis Eight of the to World's fair grounds. the were carrying papooses squaws Edward received Capt. audience Mahan, King N. (retired), in private his U. S. the 30th. The king expressed conon appreciation of the captain's if the world. tributions deep to the naval history

2. November 17, 1904 Iron County Register Ironton, MO
Article from Iron County Register, November 17, 1904

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Article Text

veying Secretary was party to Panama, went ashore, on the 10th, in Pensacola harbor, off the Florida coast. Admiral Alexieff, viceroy in the far east, arrived in St. Petersburg on the 10th. In anticipation of his arrival, the Nevsky prospect was crowded with sightseers. An hour after Judge Alton B. Parker arose, on the 9th, he was out on his farm at Esopus, N. Y., seeing that the plowing was properly done. Later he went for a horseback ride. Sergt. Thomas E. Allen, of the Third district, a member of the St Louis police department for over thir ty years, was found dead in bed, or the 8th, in his room at Eighth and Pine streets. Lord Lansdowne, in the absence o Premier Balfour, at the historic lor mayor's banquet, held in London, o the 9th, made a strong plea for peac and arbitration on behalf of the Brit ish government. Former Minister to Turkey Osca S. Straus, a member of The Hagu tribunal, expressed the belief, on th 11th, that a sudden termination of hos tilities in the far east is possible i the near future. Col. D. R. Anthony, the noted edito of the Leavenworth Times, and broth er of Miss Susan B. Anthony, th woman suffragist, died at his home i Leavenworth, Kas., on the 12th, o heart disease, aged 80. With the election returns still in complete, the plurality of Presiden Roosevelt in the nation, according t all indications on the 9th, will excee 1,500,000, the greatest plurality eve given an American candidate. The Japanese, on the 10th, assume the offensive on the left bank of th Hun river, and occupied three vil lages. The Russians, however, at tacked, drove them out and again es tablished their original lines ofdefens The Spanish embassy at London, o the 9th, authorized an emphatic denia of the report circulated by a new agency in the United States of the ar nouncement of the betrothal of Kin Alfonso to Princess Victoria of Cor naught. Lou Dillon smashed the world S un paced mile trotting record at the dri ing park at Memphis, Tenn., on th 11th, by completing a mile in two mir utes and one second. The former un paced record, 2:011/4, was held jointl by Lou Dillon and Maj. Delmar. National Bank Commissioner Sturd vant. on the 10th,repaid the depositor dollar for dallor, in the Elk Cit (Okla.) national bank, which failed la May. Cashier J. A. Mays, who wa charged with wrecking the bank, con mitted suicide in Texas after being a rested. The $40,000,000 of five per cent. bon issued by the Japanese government h been subscribed for three times OF by the Japanese people, according a cablegram received, on the 9th, i S. Uchida, Japanese consul at Ne York, from the department of finan in Tokio. The Chicago & Alton officials, ( the 7th, announced that they wou run free special trains for their et ployes from Bloomington to the S Louis World's tair grounds, on N vember 12. About 2,500 employes at their families will take advantage this offer. As the result of a gunshot wound his foot, caused by the accidental d charge of a weapon he was carryin 12-year-old James Alexander Ashle while hunting with his father and t older brothers near his home at o ford, Pa., died at the University h pital in Philadelphia, on the 7th. Alexander Sutherland, said to ha been the last survivor of the famo Balaklava "six hundred," died, on t 11th, at his home in Denver, Co where he had resided for 40 years. was the trumpeter who sounded t bugle call for the memorable char immortalized in verse by Tennyson On the proposal of the Italian m ister of foreign affairs, King Vic Emmanuel will sent to J. P. M gan, of New York, the insignia

3. November 18, 1904 The Tupelo Journal Tupelo, MS
Article from The Tupelo Journal, November 18, 1904

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tion at St. LOUIS on Saturday, the zu of November. Lieut.-Gen. Prince Sadauru Fushimi, cousin of the emperor of Japan, arrived at San Francisco, on the 9th, on the iiner Manchuria. President Roosevelt, on the 11th, announced that John Hay would continue as secretary of state during the four years beginning March 4, 1905. The cruiser Columbia, which is conof War his to went party veying Secretary Panama, ashore, Taft the and on Flor- the 10th, in Pensacola harbor, off ida coast. Admiral Alexieff, viceroy in the far in St. In of east, 10th. arrived anticipation Petersburg his arrival on with the the Nevsky prospect was crowded sightseers. An hour after Judge Alton B. Paron the 9th, was or at N. Y., ker his farm arose, Esopus, he done. seeing out Later that the plowing was properly he went for a horseback ride. Sergt. Thomas E. Allen, of the Third a member Louis department for over police district, of bed, the thir- St on ty years, was found dead in the 8th, in his room at Eighth and Pine streets. Lord Lansdowne, in the absence of Premier Balfour, at the historic lord mayor's banquet, held in London, on the 9th, made a strong plea for peace and arbitration on behalf of the British government. Former Minister to Turkey Oscar S. Straus, a member of The Hague tribunal, expressed the belief, on the 11th, that a sudden termination of hos tilities in the far east is possible in the near future. Col. D. R. Anthony, the noted editor ot the Leavenworth Times, and brother of Miss Susan B. Anthony, the woman suffragist, died at his home in Leavenworth, Kas., on the 12th, of heart disease, aged 80. With the election returns still incomplete, the plurality of President the nation, on the the all Roosevelt 1,500,000, indications in greatest 9th, plurality according will exceed ever to given an American candidate. The Japanese, on the 10th, assumed the offensive on the left bank of the Hun river, and occupied three villages. The Russians, however, attacked, drove them out and again established their original lines of defense The Spanish embassy at London, on the 9th, authorized an emphatic denial of the report circulated by a news agency in the United States of the announcement of the betrothal of King Alfonso to Princess Victoria of Connaught. Lou Dillon smashed the world's unpaced mile trotting record at the driving park at Memphis, Tenn., on the 11th, by completing a mile in two minutes and one second. The former unpaced record, 2:01 1/4, was held jointly by Lou Dillon and Maj. Delmar. National Bank Commissioner Sturdevant, on the 10th,repaid the depositors, dollar for dallor, in the Elk City (Okla.) national bank, which failed last May. Cashier J. A. Mays, who was charged with wrecking the bank, committed suicide in Texas after being arrested. The $40,000,000 of five per cent. bonds issued by the Japanese government has been subscribed for three times over by the Japanese people, according to a cablegram received, on the 9th, by S. Uchida, Japanese consul at New York, from the department of finance in Tokio. The Chicago & Alton officials, on the 7th, announced that they would run free special trains for their employes from Bloomington to the St. Louis World's rair grounds, on November 12. About 2.500 employes and their families will take advantage of this offer. As the result of a gunshot wound .n his foot, caused by the accidental discharge of a weapon he was carrying, 12-year-old James Alexander Ashley, while hunting with his father and two older brothers near his home at Oxford, Pa., died at the University hospital in Philadelphia, on the 7th. Alexander Sutherland, said to have been the last survivor of the famous Balaklava "six hundred," died, on the 11th, at his home in Denver, Col., where he had resided for 40 years. He was the trumpeter who sounded the bugle call for the memorable charge Immortalized in verse by Tennyson. On the proposal of the Italian minIster of foreign affairs, King Victor Emmanuel will sent to J. P. Morgan, of New York, the insignia of Knight of the Crown of Italy, as a testimonial of the gratitude of the Italian nation for the return of the Ascoli cope to the Italian government. A. P. Saunders, of Guthrie, Okla., defeated republican candidate for county commissioner,a and a well-known buginess and

4. November 18, 1904 The Aberdeen Weekly Aberdeen, MS
Article from The Aberdeen Weekly, November 18, 1904

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THE WEEKLY PUBLISHED WEEKLY. MISSISSIPPI ABERDEEN Funeral services for Archbishop Wiliam H. Elder were held at St. Peter's cathedral in Cincinnati, on the 8th. President Roosevelt has promised to attend the Louisiana Purchase exposition at St. Louis on Saturday, the 26th of November. Lieut.-Gen. Prince Sadauru Fushimi, cousin of the emperor of Japan, arrived at San Francisco, on the 9th, on the liner Manchuria. President Roosevelt, on the 11th, announced that John Hay would con tinue as secretary of state during the four years beginning March 4, 1905. The cruiser Columbia, which is conveying Secretary of War Taft and his party to Panama, went ashore, on the 10th, in Pensacola harbor, off the Flor1da coast. Admiral Alexieff, viceroy in the far east, arrived in St. Petersburg on the 10th. In anticipation of his arrival the Nevsky prospect was crowded with sightseers. An hour after Judge Alton B. Parker arose, on the 9th, he was out or his farm at Esopus, N. Y., seeing that the plowing was properly done. Later he went for a horseback ride. Sergt. Thomas E. Allen, of the Third district, a member of the St Louis police department for over thirty years, was found dead in bed, on the 8th, in his room at Eighth and Pine streets. Lord Lansdowne, in the absence of Premier Balfour, at the historic lord mayor's banquet, held in London, on the 9th, made a strong plea for peace and arbitration on behalf of the British government. Former Minister to Turkey Oscar B. Straus, a member of The Hague tribunal, expressed the belief, on the 11th, that a sudden termination of hos tilities in the far east is possible in the near future. Col. D. R. Anthony, the noted editor of the Leavenworth Times, and broth er of Miss Susan B. Anthony, the woman suffragist, died at his home in Leavenworth, Kas., on the 12th, of heart disease, aged 80. With the election returns still incomplete, the plurality of President Roosevelt in the nation, according tc all indications on the 9th, will exceed 1,500,000, the greatest plurality ever given an American candidate. The Japanese, on the 10th, assumed the offensive on the left bank of the Hun river, and occupied three villages. The Russians, however, attacked, drove them out and again established their original lines ofdefense. The Spanish embassy at London, on the 9th, authorized an emphatic denial of the report circulated by a news agency in the United States of the announcement of the betrothal of King Alfonso to Princess Victoria of Conmaught. Lou Dillon smashed the world's unpaced mile trotting record at the drivIng park at Memphis, Tenn., on the 11th, by completing a mile in two minutes and one second. The former unpaced record, 2:01 1/4, was held jointly by Lou Dillon and Maj. Delmar. National Bank Commissioner Sturdevant, on the 10th,repaid the depositors, dollar for dallor, in the Elk City (Okla.) national bank, which failed last May. Cashier J. A. Mays, who was charged with wrecking the bank, committed suicide in Texas after being arrested. The $40,000,000 of five per cent. bonds issued by the Japanese government has been subscribed for three times over by the Japanese people, according to a cablegram received, on the 9th, by S. Uchida, Japanese consul at New York, from the department of finance in Tokio. The Chicago & Alton officials, on the 7th, announced that they would run free special trains for their employes from Bloomington to the St. Louis World's tair grounds, on November 12. About 2,500 employes and their families will take advantage of this offer.