15770. Bank of Ravia (Ravia, OK)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
December 7, 1903
Location
Ravia, Oklahoma (34.242, -96.751)

Metadata

Model
gpt-5-mini
Short Digest
e43345fff674bf7c

Response Measures

None

Description

Articles report appointment of a receiver for the Bank of Ravia (Dec 7, 1903) after the president, R. E. Neal, was arrested on embezzlement charges. No mention of a depositor run; receiver appointment implies the bank was closed and placed in receivership (permanent closure). OCR corrected date inferred from newspaper dateline.

Events (2)

1. December 7, 1903 Other
Newspaper Excerpt
The president of the bank, R E. Neal, ... was arrested at Madill and returned to Ravia ... later re-arrested on a charge of embezzlement, is now under bond and will likely have a trial at the next term of the Tishomingo court.
Source
newspapers
2. December 7, 1903 Receivership
Newspaper Excerpt
C. H. Fisher of Ravia was this morning appointed by Judge Townsend as receiver for the Bank of Ravia.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Ardmoreite, December 7, 1903

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Article Text

RECEIVER APPOINTED. C. H. Fisher of Ravia Appointed Receiver for the Bank of Ravia. C. H. Fisher of Ravia was this morning appointed by Judge Townsend as receiver for the Bank of Ravia. The president of the bank, R E. Neal, who was reported to have made an attempt to get away with the funds of the bank, but was arres'ed at Madill and returned to Ravia and turned loose and later re-arrested on a charge of embezzlement, is now under bond and will likely have a trial at the next term of the Tishomingo court.


Article from Morgan County Democrat, December 11, 1903

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Article Text

half an hour before e cordance with the adjournment, on the 5th, for the permitting of an orderly adjournment of the called session. The senate held a short executive session, confirming a few unimportant nominations. President Frye pro tem. at 12 o'clock declared the extra session adjourned without day. He immediately rapped for order, and the chaplain offered prayer. The roll call of the senate then followed for the regular session. The president's message was received and read House-Ceremonies attending the ushering in of the regular session of congress, on the 7th, were severely simin the house. But for a few beautiful ence ple of floral the offerings presand a call of the roll by states, there was nothing in the session to differentiate it from any other. The first business in the house was the swearing in of Representative Pinckney, of Texas. Then came the call of the roll by states. The chair announced the presence of 303 members. Represent atives Hepburn, Hemenway and Williams were appointed a committee to join a committee of the senate to call on the president and inform him that congress was ready to receive his message. At 1 p. m. the house recessed till 1.30 when the president's message was transmitted and read. Representative Prince, of Illinois, a member of the banking and currency committee, introduced a bill in congress, on the 7th. providing that $100,000,000 of. the public moneys now deposited with national bank depositories shall be invested by the secretary of the treasury at the rate of $5,000,000 a month in state, county and municipal bonds which pay interest at not lest than two per cent. A receiver was appointed, on the 7th, for the Bank of Ravia, I. T. President Neal of the bank was placed under arrest, charged with embezzlement of the bank's funds, but the amount of the alleged embezzlement was not stated, nor was a statement of the bank's condition obtainable. Harry J. Hoover pleaded guilty in the United States court at Columbus, O., on the 7th. to making false entries and fraudulent issue of a certificate as cashier of the People's national bask, Newark, O. He was sentenced to five years in the penitentiary