Articles refer to the Oklahoma State Bank of Guthrie as a defunct/failed bank with a receiver (C. E. Munn) contesting claims (Mar 1922) and a later U.S. government suit (Oct 1922) to recover federal/Indian funds. No article describes a depositor run; the bank is in receivership and thus classified as suspended and permanently closed.
Events (3)
1.March 13, 1922Receivership
Newspaper Excerpt
As receiver, C. E. Munn is contesting the claims of Zwick.
Source
newspapers
2.March 13, 1922Suspension
Cause Details
Article indicates the bank is failed/defunct and in receivership; specific trigger for suspension not described.
Newspaper Excerpt
failed banks here...The mill was mortgaged to secure a note given to the Oklahoma State bank. ... As receiver, C. E. Munn is contesting the claims of Zwick.
Source
newspapers
3.October 23, 1922Other
Newspaper Excerpt
the United States government...brought suit against the state of Oklahoma to recover $42,000 of Indian funds which was on deposit in the defunct Oklahoma State bank of Guthrie.
Source
newspapers
Newspaper Articles (2)
1.March 13, 1922The Guthrie Daily LeaderGuthrie, OK
Click image to open full size in new tab
Article Text
It is likely the old Gresham mills will be operated by the state in order to help swell the assets of failed banks here. The mill was mortgaged to secure a note given to the Oklahoma State bank. Judge Zwick. assistant attorney general, contends that record of a mortgage assignment in the case was not necessary to be made within a specified period of four months. If he is sustained by the United States court the state will own the mill. As receiver, C. E. Munn is contesting the claims of Zwick.
2.October 24, 1922The Morning Tulsa Daily WorldTulsa, OK
Click image to open full size in new tab
Article Text
OKLAHOMA SUED BY U. S. Government Claims Prior Claim to $42,000 In Failed Banks. Special to The World. WASHINGTON, Oct. 23. The United States government through Attorney - General Daugherty and Solicitor - General Beck today brought suit against the state of Oklahoma to recover $42,000 of Indian funds belonging to the five civilized tribes which was on deposit in the defunct Oklahoma State bank of Guthrie. The court after allowing the filing of the suit announced it would be returnable January 2, and in the suit today the government alleged that more than $42.000 has been recovered by the receiver of the bank and the government claims that its claim should be settled before any money is paid to other depositors or creditors of the defunct bank. Daugherty quotes the laws of the United States applying to the depositing of such federal funds and asserts that the federal government has priority over the "assumed rights of the state."
