15649. National Bank (Holdenville, OK)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
5735
Charter Number
5735
Start Date
March 1, 1904*
Location
Holdenville, Oklahoma (35.080, -96.399)

Metadata

Model
gpt-5-mini
Short Digest
4478f3b432943155

Response Measures

None

Receivership Details

Depositor recovery rate
27.0%
Date receivership started
1904-03-23
Date receivership terminated
1915-04-29
OCC cause of failure
Excessive lending
Share of assets assessed as good
19.9%
Share of assets assessed as doubtful
54.1%
Share of assets assessed as worthless
25.9%

Description

The articles describe the National Bank at Holdenville suspending operations in 1904 and subsequently becoming defunct with receivers, criminal charges against officers, and receiver litigation/sale of assets in 1905. There is no clear account of a depositor run on the Holdenville bank itself in the provided clips (some articles discuss runs at Guthrie triggered by Holdenville's failure). Dates in sources vary (some references say suspension in March 1904, others say June 1904); I use March 1904 for the suspension (Article 17 explicitly) and June 1904 for when contemporaneous notices reported suspension. Receiver activity and prosecutions follow in 1904–1905.

Events (5)

1. March 7, 1901 Chartered
Source
historical_nic
2. March 1, 1904* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank became insolvent/subject of suits and alleged misappropriation; suspension followed filing of suits and internal losses and alleged misappropriation of funds by officers.
Newspaper Excerpt
the suspension of which in March, 1904, was closely followed by the failure of the Capitol National bank of Guthrie
Source
newspapers
3. March 23, 1904 Receivership
Source
historical_nic
4. June 1, 1904* Receivership
Newspaper Excerpt
The national bank at Holdenville suspended last June. ... R. M. McFarland, vice president of the defunct national bank at Holdenville, was arrested ... The national bank at Holdenville suspended last June.
Source
newspapers
5. March 28, 1905 Other
Newspaper Excerpt
The building was the property of the defunct national bank and PRR purchased from Receiver Willoughby. ... This bank has steadily grown in popular favor since its reorganization. It was nationalized February 23, and is regarded as one of the coming financial concerns of this portion or the territory.
Source
newspapers

Newspaper Articles (18)

Article from The Vinita Daily Chieftain, April 5, 1904

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Good citizenship is to vote honestly and let others do the same without interference BIG BLAZE AN OKLAHOMA LAND OFFICE BANK FAILURE AT CHLSEA WILL OPEN EMBROIDERY SILKS A Twelve Thousand Dollar The Largest Bank in Oklahoma The Indian Appropriation Bill We have in stock the celebrated BRAINERD-ARMSTRONG Closed its Doors. Will Soon be Out of Fire Early Today. Wash Silks, put up in holders ready for use. In Roman, Filo Selle, Caspian Floss, and Outline Embroidery, the Way. The town of Chelsea had a destrucC. Billingsley, president of the Capitol National bank, the largest tive fire at three o'clock this morning. Special to The Daily Chleftain. The Pete Couch block, composed of bank in Oklahoma, which suspended Shades suitable to make the Washington, D. C., April may business Monday at Guthrie, made a four stone buildings two stories high, be definitely stated that the Cherokee was destroyed, the estimated value of statement to the State Capital that land office will open within a very the buildings being $10,000. night. He says the depositors will be short time. The Indian appropriation paid in full and that at the present The Sutherland grocery, Ryser grofollowing Flowers: bill is the only thing in the way now time a deal is on to sell the assets of cery, Dodson Grocer Co., Massey & and it is practically completed and Wells, general merchandise, the Bank the institution so that the depositors will pass probably one day this week. of Chelsea and several other establishmay be paid. When the bank closed The provision allowing the Delawares ments sustained serious losses. its doors at 2 o'clock there were in Chrysanthemums Marechal Meil Roses six months in which to dispose of their The Chelsea Weekly Commercial assets $1,255,000 with which to pay Jonquils LaFrance Roses surplus lands has been one cause of plant was totally destroyed. $1,033,000 in deposits. the delay and the Delaware attorneys, The orgin of the fire is unknown, National Bank Examiner Myron R. Poppies Wild Roses including Robt. L. Owen, have about but it is thought some men who were Sturtevant took charge of the bank. won out. The Cherokees have been Violets drinking during the night are responThe failure was caused by a heavy American Beauty Rose badly neglected during the present sible for the fire. drain during the last month and an Pansy Strawberries session, have absolutely no representaunexpected run yesterday morning. Foley's Honey and Tar contains no tion, and the wonder is that more adDuring the last month there was a opiates, and will not constipate like verse legislation has not possed. Their shrinkage of deposits amounting to nearly all other cough medicines. Reinterests have been sadly neglected, about $500,000 and during the run, Everybody who has experienced doing embroidery work is well aware fuse substitutee. Sold by People's drug and there is more to come. which commenced when the bank store. dw Some one offered an amendment to that Brainerd-Armstrong Silks are the best in colors, easy to use and the opened its doors over one hundred most durable wash silks on the market. the effect that the Delawars be not thousand dollars were paidou About Mrs. Blythe is able to be out again allowed to use the surplus lands nor noon it was rumored that the bank after a week's illness. Her daughter, to lease it during the six months they Mrs. Goodycoontz, who has been in the was going under and the eager deposhave been allowed to sell, but the itors hurried to the bank faster than city for several days will return to committee did not understand the The Price is 50C Per Doz. her home at Snyder, O. T., soon. during the morning, and the president true status of the case and said it was and directors, seeing the bank must too late to consider it now. Secretary go under, closed the doors. HOW HYOMEI HELPS HEALTH Hitchcock seems to favor the DelaThe suspension was cased indirectly N. B.-Also a few broken shades of Belding's Wash Silks to close out wares in every way possible, as also by the filing of a suit about three at 2 skeins for 5c. Kills the Germs of Grip, Catarrh and does the Indian Rights association. weeks ago against the Holdenville Colds "Costs Nothing if It Fails," An effort is being made to oust J. National bank, of which Billingsley is Says the People's Drug Store. George Wright from the office of Inpresident, and its failure last week. dian Inspector and will probably sucAlthough the directors say that the Now that Hyomei can be obtained ceed. The impression here is that depositors will be paid in full, the in nearly every town and city in the there will be no more resignations nor stockholders will be heavy losers, and country, it is possible to buy from changes in the personnel of the Dawes it is said that Mr. Billingslea, who druggists a health giving climate, to BADGETT = SANDERS commission. has been regarded as one of the be carried in the purse or pocket. By strongest financial men of the terriAttack of Whooping Cough breathing it a few minutes four times tory, has lost all. MERCANTILE COMPANY. a day you can soon cure grip, coughs, Mrs. Ellen Harrison, of 300 Park


Article from The Daily Morning Journal and Courier, April 5, 1904

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GUTHRIE, OKLA., BANK COMPELLED TO SUSPEND ONE OF THE OLDEST INSTITUTIONS IN THE TERRITORY. President Declares Depositors Will Lose Nothing-$31,255,000 of Assets to Pay $1,033,000 in Deposits-An Unex. pected Drain During Month aud a Run Yesterday Cause of Failure. Guthrie, Okla., April 4.-The Capital National bank of this city, one of the oldest banking institutions in Oklahoma and a territorial and United States depository, closed its doors to-day. C. E. Billingsley, president of the suspended bank, to-night said that the depositors would be paid in full, and that at present a deal was pending to sell the assets of the bank so that the depositors might be paid. When the bank closed its doors there was $1,255,000 with which to pay $1,033,000 in deposits. The failure was caused by a heavy drain during the last month and an unexpected run this morning. The suspension was caused directly by the failure last week of the Holdenville National bank, of which Mr. Billingsley is president.


Article from The Waxahachie Daily Light, April 5, 1904

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BANK CLOSES. One of Oklahoma's Oldest Financial In. stitutions Closes. Guthrie, Okla., April 5.-The Capital National bank, one of the oldest banking instutions in Oklahoma, and a territorial and United States depositary, closed its doors Monday. It was placed in the hands of the controller of the currency. C. E. Billingsley, president of the suspended bank, which was the largest in Oklahoma, made a statement. in which he says that the depositors will be paid in full. When the bank closed its doors there were $1,225,000 of assets, against $1,033,000 of debits. The suspension was caused directly by the filing of a suit about three weeks ago against the Holdenville National bank. of which Mr. Billingsley is president, and its failure last week.


Article from The Saint Paul Globe, April 5, 1904

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Oklahoma Bank Suspends. GUTHRIE, Okla., April I.-The Capital National bank of this city closed its doors today. - The comptroller of the currency appointed National Bank Examiner M. R. Sturtevant receiver. C. E. Billingsley, president of the bank, says that the depositors will be paid in full. When the bank closed there were $1,255,000 in assets and $1,033,000 of liabilities. The suspension was caused directly by the filing of a suit against and failure of the Holdenville National bank, of which Mr. Billingsley is president.


Article from Bismarck Daily Tribune, April 6, 1904

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There le no Rechelle Santa, Lime or Ammonia in food made Calumet Baking Powder NOTIA THE BAKING POWDER TRUSTIt makes pure food. ANTAL-N MIDY These tiny CAPSULES are superier to Balsam of Copalba, Cubebs or In fections and MIDY CURE IN 48 HOURS the same diseases without inconvenience. S Bold by all druggists. OKLAHOMA BANK CLOSED. Largest Institution in the State Has Suspended. Guthrie, Okla., April 6.-The Capital National bank of this city, the largest and one of the oldest banking institutions in Oklahoma and a territorial and United States depository, has closed its doors. It was placed in the hands of the comptroller of the currency. C. E. Billingsley, president of the suspended bank, made a statement in which he says that the depositors will be paid in full. When the bank closed its doors there were $1,255,000 in assets and $1,033,000 of liabilities. The suspension was caused directly by the filing of a suit about three weeks ago against the Holdenville National bank, of which Mr. Billingsley is president, and its failure last week.


Article from The Vinita Weekly Chieftain, April 7, 1904

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AN OKLAHOMA BANK FAILURE The Largest Bank in Oklahoma Closed its Doors. C. E. Billingsley, president of the Capitol National bank, the largest bank in Oklahoma, which suspended business Monday at Guthrie, made a statement to the State Capital that night. He says the depositors will be paid in full and that at the present time a deal is on to sell the assets of the institution SO that the depositors may be paid. When the bank closed its doors at 2 o'clock there were in assets $1,255,000 with which to pay $1,033,000 in deposits. National Bank Examiner Myron R. Sturtevant took charge of the bank. The failure was caused by a heavy drain during the last month and an unexpected run yesterday morning. During the last month there was a shrinkage of deposits amounting to about $500,000 and during the run, which commenced when the bank opened its doors over one hundred thousand dollars were paid out. About noon it was rumored that the bank was going under and the eager depositors hurried to the bank faster than during the morning, and the president and directors, seeing the bank must go under, closed the doors. The suspension was cased indirectly by the filing of a suit about three weeks ago against the Holdenville National bank, of which Billingsley is president, and its failure last week. Although the directors say that the depositors will be paid in full, the stockholders will be heavy losers, and it is said that Mr. Billingslea, who has been regarded as one of the strongest financial men of the territory, has lost all.


Article from The Manitowoc Pilot, April 7, 1904

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when the bank opened its doors Monday, over $100,000 was paid out. About noon it was rumored that the bank was going under, and eager depositors hurried to the bank faster than during the morning, and the president and directors, seeing that the bank must go under, closed its door. The suspension was caused directly by the filing of a suit about three weeks ago against the Holdenville national bank, of which Mr. Billingsley is president, and its failure last week. Although the directors say that the depositors will be paid in full, the stockholders will be heavy losers. The bank is a national and territorial depository, and many of the country banks of Oklahoma carry large deposits with it.


Article from The Muskogee Cimeter, September 1, 1904

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SUITS To RECOVER CATTLE Litigation Growing Out of Capitol National Bank Failure GUTHRIE: Receiver Willoughby of the defunct Capitol National Bank here, has begun suits at Wewoka, against R. A. McFarland, cashier of the defunct National Bank, at Holdenville, (a sitser bank of the Capitol National), and also against Mrs. Smith, to recover the possession of 700 head of cattle, covered by an alleged mortgage of $15,000, which amount of money, according to Mr. Willoughby, was loaned on the cattle by the defunct bank at Holdenville. The results are replevin suits. Mr. Willoughby claims to have gone to Holdenville and vicinity to take possession of the cattle, but could not find them; consequently he began the suits. There is also a suit in court between the receiver of the Capitol National here and the Miners' Bank of Joplin, Mo., relative to 150 heads of steers, which the defendant has in the yards at Holdenville, but upon which Receiver Willoughby claims to have a prior claim, stating the bank had loaned money on the cattle. Capitol National conditions are no nearer solved than for the past several months and there is nothing as yet to indicate when there will be any settlement with the depositors.


Article from Abilene Weekly Reflector, October 13, 1904

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UNABLE TO GIVE BOND? Ex-Vice President of National Bank at Holdenville Under Arrest for Misappropriation of Funds. / Muskogee, I. T., Oct. 11.-R. M. McFarland, vice president of the defunct national bank at Holdenville, was arrested here and placed under $50,000 bond on a charge of alleged misappropriaton of the funds of the bank. He has failed to make the bond and may go to jail. He heard of the indictment and came prepared to give $5,000 bond. The national bank at Holdenville suspended last June. C. E. Billingsley was president of the bank, also the Capitol national, of Guthrie, Ok., which failed.


Article from The Chickasha Daily Express, October 14, 1904

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DIRECTORS ARE HELD Three More Arrests in the Holdenville Bank Failure Case. Muskogee, Oct. 13.-This afternoon C. B. Schaff, E. Autrey and J. D. Boxley, directors and stockholders in the National Bank at Holdenville, suspended last June, were arrested and brought to this city. Schaff was placed under a $20,000 bond and each of the others were placed under a $10,000 bond. They are charged with obtainiug money under false pretenses and disposing of mortgaged property. All three made their bonds, McFarland, the vice president of the bank, arrested Monday, filed a $50,000 bond. It is alleged that the men arrested today assisted McFarland in securing loans on chattels that were absolutely worthless, It is understood here today that indictnents were returned against the directors of the bank and some of the stockholders, It is expected that more arrests will follow. A report from Holdenville, however, is to the effect that some of the parties who are thought to be in. dicted have skipped out.


Article from The Tupelo Journal, October 21, 1904

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the World in The German Village hotel the world's fair burned. The United States brig ] ewas launched at Portsmouth. rAssassinations of the Greel 1. the Bulgarians are reported da ed On October 12 it was rep a that a great battle was-raging o, Mukden. Judge Parker addressed the of Beach democratic club at E C. October 15. to Ex-Gov. W. Murray Crane appointed United States senat in succeed Geo. F. Hoar of Mass he setts. rThe imported stallion Medd re the stud of the late William Whitney was sold to Matthew of bett for $51,000. d, Kuropatkin issued an order as reinforcements are arriving the time has come to advance as compel the Japs to do Russia's In a pistol duel near Hou I Tex., Herman Ottman was id and the father of Henry Schi es who came between the duelists lost his life. At Lexington, Ky., in a si statement, Judge James H. A as gan declares his belief in his re innocence, and declares that he for a moment has he considere el with the attempted poisoning o in Mulligan family. 3. The crew of the extra fi atrain which collided with the souri Pacific world's fair tra Warrensburg, Mo., resulting i a death of twenty-nine persons rheld responsible for the disast )1 the coroner's jury. he The Barcelona, Spain, police arrested three anarchists at d Nueva Ygeltru. It is alleged S. they have confessed to plottin ed April last, the assassination st King Alfonso, who was in Ba na in the early part of that m nC. B. Schaff, E. A. Autrey rJ. D. Bosley, directors and d holders in the National banl Holdenville, suspended last le were arrested charged with ol ing money under false nret in and disposing of mortgaged pr ty. eE. C. Zeigler and L. A. H: IS, brakemen on the freight train ecrashed into a Missouri I b. train near Warrensburg, Mo., A. arrested on warrants charging er with stealing $37 from the bo a fellow brakeman named S se who was killed. D Fifteen deaths within eight se in the neighborhood known as : en er' Farm, on the west side, n York, have started an investig he by the police and coroner's of a Coroner Scholer says that 1r, deaths were caused by impure nor. na The signing of the Francoish agreements marks an impo step toward the realization of French ambition of a West Af y. ht empire, stretching from the F Soudan to the Mediterranean Atlantic. This will embrace re enormous tract of territory, g France the largest area in A rSix employes of the Grand I in railroad were suffocated by coa en in the St. Clair tunnel, which m under the St. Clair river from Huron to Sarnia, Ont. A in train broke in two while pa ar through the tunnel and three o train crew were suffocated to part of the train lay stalled i tunnel. A bill has been prepared for at mission to congress increasing duty upon rice from $1.20 t per kilogram. If the bill is p ro it is expected that the result be to give entrance to Cuba


Article from Baxter Springs News, January 5, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (la.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, la National bank of Holdenville, Ind. T., suspends operations. 31-Union Trust, Boston: $1,600,000 Federal Trust. Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York. 5-Citizens' bank. McLeod. Okla Akron (0.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (Ia.) bank. 18-McCoy's bank. Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y Grinnel (Ia.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run, Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100.000. 20-First national bank, Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, Ia., closed.


Article from Iron County Register, January 5, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat, bank. 9--McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 2i-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, la National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000...Federal Trust. Cleveland; $1,000,000.


Article from Perrysburg Journal, January 6, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. B1-Union Trust, Boston; $1,600,000. Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000.... W. B. Mack, New York.


Article from Middlebury Register, January 6, 1905

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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (O.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. BO-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank: $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000 Federal Trust, Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.


Article from The Guthrie Daily Leader, March 28, 1905

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BOUGHT BANK BUILDING. American National Bank Closed Deal With Wilioughby-Price $2,500. Holdenville, 1. T., March 28.-A deal Was closed last Faturday whereby the American National bank was the pur chaser of the stone building on Cedar street, adjacent to Ewing Bros.; consid cration, $2,500. This is the building where the National Bank of Holdenville scarted in business and enjoyed its early sucresses. The building was the propenty of the defunct national bank and PRR purchased from Receiver Willoughby. The American National expects to be bi its new home within thirty days. A complete new set of furniture and fixtures has been ordered and will be placed as soon 08 possession can be had. It will no the swellest in the city, 80 say the officers of the bank. This bank has steadily grown In popular favor since its reorganization. It was nationalized February 23, and is regarded as one of the coming financial concerns of this portion or the territory.


Article from The Guthrie Daily Leader, April 15, 1905

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JURY DIDN'T DECIDE Indian Territory LostinCase Against Holdenville Bank Vice-President. With a hung jury, eleven for acquittal and one for conviction, one of the most interesting cases ever fought to a finish in the courts of the Indian Perritory was brought to a close in the federal court for the Western judicial district of the Indian Territory, sitting at Wewoka yesterday morning. The case of the United States vs. R. M. McFarlan, ex-vice president of the defunct national bank of Holdenville, the suspension of which in March, 1904, was closely followed by the failure of the Capitol National bank of Guthrie for a million and a half dollars, was the test case of the numerous indictments which followed the failure of the national bank of Holdenville. Mr. McFailan was charged in the indictment with misappropriating $3,947.68 of the bank's funds, and Myron R. Sturtevant, national bank examiner, J. A. Willoughby, receiver for both of the failed banks, W. A. Pollock, assistant to Mr. Willoughby at Holdenville and ex-cashier of the bank, together with Charles E. Billingsley, expresident of both banks and ten times inaicted in the federal courts of Oklahoma, were in attendance to assist District Atterneys Mellette and Robertson in the prosecution of the case.


Article from The Guthrie Daily Leader, September 29, 1905

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o 00000000000000000 Enid Eagle: Miss Tone Coyle one of Guthrie's most popular so ciety leaders, and Miss Maud Clark, prominent in the social circles of Paris, Texas, are guests at the home of Mrs. Walton H. McKenzie. Thres-Journal: Mrs. Gist and daughter Edwina, from Guthrie, are visiting at the home of N. A. Brock. 700 East Ninth. Shawnee Herald: Mis; Mamie Gallager left today for Guthrie. where she will take the civil service examination for copying topographical draughtsman. Enid Events: J.L. McCracken spent Saturday in the city from Guthrie. Mac never allows a fair or gala day to pass without visiting Enid. Stillwater Democrat: Joe Carter, of Guthrie, IS moving here. His househola goods have arrived. I Kingfisher Star: Mrs. R. L. Penix and baby arrived this morning from Guthrie to visit her parents. Mr. and Mrs. Fred Klinnert, of Kiel. I Dustin Dispatch: Mrs. J. C. Bird and Mrs. J W. Bean left Wednesday for a several days' visit to friends at Guthrie, Okla, Kingfisher Star: Mrs. L. Newse and children are visiting in Guthrie a few days. * * * Miss Of lie Brown went to Guthrie today to visit over Sunday with home folks * * * Mrs. Jarvis and little daughter went to Guthrie this morning to visit friends. I Clinton Chronicle: G. T. Du laney was transacting business in Guthrie Tuesday. * * * Hon. Frank Dale, of Guthrie, Was at the Lacy last Tuesday. * * Miss Nannic Lingenfeiter left for Gethrie Thursday evening of last week after having spent a few weeks here with her brother, Tom Lingenfelter. I Lawton Constitution: I.L. Calvert, of Guthrie, is in the city today. Mr. Calvert at one time had a land contest against the Woods 3 claim Broken Arrow Ledger: Mr. P and Mrs. C. Whitenack arrived Wednesday irom Gathric, OklaI homa. and are now residents of our f city. Mr. Whitenack recemly purchased Mr. Paschal's interest in the S firm of Rush Paschal, and sent his son here to represent his in11 terests in the business, pending his a coming. I t. S Holdenville Tribune: Chas. T. Cherry, receiver of the Holdenville e National and Capitol National bank I of Guthrie, was in the city this week invesrigating the condition of aairs connectΓ©d with the bank. preI paratory for the fall campaign of i litigation. I DE Kingfisher Free Press: Miss Bettie Johnson is attending high school in Guthrie. * = * Maud If E Kariker has been visiting in Guthy rie, fa r Oklahoman: Rev. W. H. Rese, d R pastor of the First eMthodist church of Guthrie was in the city yesterday while enroute to Joplin,