15773. Bank of Rush Springs (Rush Springs, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 27, 1906
Location
Rush Springs, Oklahoma (34.783, -97.957)

Metadata

Model
gpt-5-mini
Short Digest
3b967c6e762de044

Response Measures

None

Description

Articles report the Bank of Rush Springs suspended business in late July 1906 and a federal judge immediately appointed a receiver; subsequent court notices through late 1906 refer to the receivership and claims filing. The failure is attributed to guaranteeing a large feed bill (bad asset), i.e., bank-specific adverse information. No reopening is reported.

Events (2)
1. July 27, 1906 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to guaranteeing a feed bill for a large cattle feeder (bad asset/unsupported liability).
Newspaper Excerpt
The Bank of Rush Springs suspended business yesterday morning.
Source
newspapers
2. July 28, 1906 Receivership
Newspaper Excerpt
Judge Dickerson ... appointed a receiver at once, Ed Burney being named. Liabilities between $30,000 and $35,000 while the assets are about $15,000.
Source
newspapers

Newspaper Articles (10)
1. July 28, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, July 28, 1906

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Article Text

CLOSED ITS DOORS YESTERDAY LIABILITIES $30,000 OR 35,000. ASSETS $15,000 ED BURNEY MADE RECEIVER By Judge Dickerson-A New Bank Will be Organized at Once The Bank of Rush Springs suspended business yesterday morning. Judge Diskerson was notified soon after the bank closed and he ap poiuted a receiver at once, Ed Burney being named. According to notification received here the liabilities of the bank are between $30,000 and $35,000 while the assets are abont $15,000. The bank had a capital stock of $20,000. It is stated that the failure of the bank is attributed to guaranteeing a feed bill for a large cattle feeder, Stephan Brown, cashier of the bank, is well known as a bright young business man and has always possessed the entire confidence of the business community. Rush Springs will not be without a e bank very long. Ed F. Johns, cashier of the Citizens National Bank, has already taken the prelimitary steps necessary to starting a national bank. He went to Rush Springs last night to look over the situation and stated that he expects to organize the First National Bank of Rush Springs.

2. July 31, 1906 Tulsa Daily World Tulsa, OK
Article from Tulsa Daily World, July 31, 1906

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Article Text

LEHR OUT-LEKERED AT HIS OWN DEAR NEWPORT BY MAN IN EMPIRE GOWN FAILURE OF TWO BANKS One Dudley Suddenly Finds Fame by Institutions at Rush Springs and Invading Casino Bewitchingly Comanche Close Doors. Attired- Jewels in His Hair. Chickasha, I. T., July 30.-The bank of Rush Springs closed its doors Saturday and Judge Diekerson Newport, R. I., July 30. - At the of the federal court appointed Ed Casino dance last night there was a Burney, of this place, receiver. Ed. sensation which the governors of that F. Jones, cashier of the Ctizens' Naaristoeratic place say will not occur tional bank, of Chickasha, has alagain. It was the sensation of the ready taken steps to start another dull season. bank there, the Rush Springs NaA young man dressed as a woman tional bank. Chickasha parties will appeared in the gold and white finance the new institution, which theater and daneed and flirted as a will have a capital of $50,000. The woman. The young man in question bank at Comanche also failed Saturwas dudley Morgan, son of William day, the same parties who operated Rogers Morgan, who owns a villa on the bank at Rush Springs controlled Rhode Island avenue. the Comanche bank.

3. October 12, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, October 12, 1906

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Article Text

NOTICE. In: the United States Court 111 and for the Southern District of the Indian Territory at Chickasha. In the matter of the Receiver ship of the Bank of Rush Springs. Be it known that on this the 10th day of September, 1906, this cause came on to be heard upon the applacation for the court to fix the time in which creditors of the Bank of Rush Springs may prove their claims against the estate of said Bank of Rush Springs by filing saute with the receiver, and the court being fully advised in the premises and being of the opinion that the time should be limited. It is therefore ordered. adjuged and decreed by the court that all persons who have claims against the Bank of Rush Springs or against the Bank of Rush Springs or against the stockholders, individually, shall file the same with the receiver within one month from the date of the first publication this order. It is futher ordere that this notice shall be published in the Chickasha Daily and Weekly EXPRESS a newspaper having general circulation in the Southern District of the Indisn Territory, for a period of 30 days. Witness my hand at Chickasha, Southern District of the Indian Territory, this 10th day of Sept, 1906. J. T. Dickerson, Judge.

4. December 3, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 3, 1906

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Article Text

In the United States court in and for the Southern District of the Indian Territory at Chickasha. In the matter of the receivership of the Bank of Rush Springs.

5. December 3, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 3, 1906

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Article Text

In the United States court in and for the Southern District of the Indian Territory at Chickasha. In the matter of the receivership of the Bank of Rush Springs. Be it known that on this the 26th day of Nov. 1906, this cause came on to be heard before the honorable Jos. T. Dickerson, Judge of the United States court in and for the Southers District of the Indian Territory, at Chickasha, upon the application of the receiver herein for add tional time in which to permit creditors of said Bank of Rush Springs to file with him, their accounts and the court being fully advised in the premises is of the opinion that additional time should be given, It is therefore ordered, adjudged, and decreed by the court that all parties shall, by Jany 1st. 1907, file or cause to be filed with F. C. Blakeley and E. S. Burney, receivers herein, all accounts or claims which-they may have against the said Bank of Rush Springs. J.T. Dickerson, Judge. Indian Territory Southern District. I. C. M. Campbell, Clerk of U. S. District court for the Southern District of the Indian Territory do hereby certify the above and foregoing to be a true and correct copy of the orginal order filed in my office on the 26th day of Nov. 1906, as appears from the record in my office, and I do so certify. In witness whereof, I have hereuuto set my hand and seal of said court, at Chickasha, this Ist day of Dec. 1906. C. M. Campell, Clerk, By J.W Speak Deputy First published Dec. 3rd 1906

6. December 5, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 5, 1906

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Article Text

Davis & Son, Prope, In the United States court in and for the Souther District of the In dias Territory at Chickasha. In the matter of the receivership of the Bank of Rush Springs. Be it known that on this the 26th day of Nov. 1906, this cause came on to be heard before the honorable Jos. T. Dickerson, Judge of the United States court in and for the Souther 3 District of the Indian Territory, at Chickasha, upon the application of the receiver herein for add tional time in which to permit creditors of said Bank of Rush Springs to file with him, their accounts and the court being fully advised in the premises is of the opinion that additional time should be given, It is therefore ordered, adjudged, and decreed by the court that all parties shall, by Jany ist. 1907, file or cause to be filed with F. C. Blakeley and E. S. Burney, receivers herein, all accounts or claims which they may have against the said Bank of Rush Springs J. T. Dickerson, Judge. Indian Territory Southern District. I. c. M. Campbell, Clerk of U. S. District court for the Southern District of the Indian Territory do hereby certify the above and foregoing to be a true and correct copy of the orginal order filed in my office on the 26th day of Nov. 1906. as appears from the record in my office, and I do so certify. In witness whereof, I have hereunto set my hand and seal of said - court, at Chickasha, this 1st day of Dec. 1906. C. M. Campell, Clerk, By J. W. Speak Deputy First published Dec. 3rd 1906.

7. December 6, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 6, 1906

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Article Text

Davis & Son, Props. Int e United Srates court in and for rh: Signature District of the Indias Territory a: Chickasha. In the matter of the receivership of the Bank of Rush Springs. Be it known that on this the 26th day of Nov. 1906, this cause came on to be heard before the honorable Jos. T. Dickersoa, Judge of the United States court in and for the Southers District of the Indian Territory. at Chickasha, upon the application of the receiver herein for add tional time in which to permit creditors of said Bank of Rush Springs to file with him, their ac counts and the court being fully advised in the premises is of the opinion that additional time should be given, It is therefore ordered, adjudged, and decreed by the court that all parties shall, by Jany 1st. 1907, file or cause to be filed with F C. Blakeley and E. S. Burney, receivers herein, all accounts or claims which they may have against the said Bank of Rush Springs. J. T. Dickerson, Judge. Indian Territory Southern District. I.C.M. Campbell, Clerk of U. S. District court for the Southern District of the Indian Territory do hereby certify the above and foregoing to be a true and correct copy of the orginal order filed in my office on the 26th day of Nov. 1906. as appears from the record in my office, and I do so certify. In witness wherenf, I have hereunto set my hand and seal of said court, at Chickasha, this 1st day of Dec. 1906. C. M. Campell, Clerk, By J. W. Speak Deputy First published Dec, 3rd 1906.

8. December 7, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 7, 1906

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Article Text

In the United States court in and for the Southern District of the Indian Territory at Chickasha. In the matter of the receivership of the Bank of Rush Springs. Be it known that on this the 26th day of Nov. 1906, this cause came on to be heard before the honorable Jos. T. Dickerson, Judge of the United States court in and for the Southern District of the Indian Territory, at Chickasha, upon the application of the receiver herein for add tional time in which to permit creditors of said Bank of Rush Springs to file with him, their ac' counts and the court being fully advised in the premises is of the opinion that additional time should be given. It is therefore ordered, adjudged, and decreed by the court that all parties shall, by Jany Ist. 1907, file or cause to be filed with F. C. Blakeley and E. S. Burney, receivers herein, all accounts or claims which they may have against the said Bank of Rush Springs. J. T. Dickerson, Judge. Indian Territory Southern District. I. C. M. Campbell, Clerk of U. S. District court for the Southern District of the Indian Territory do hereby certify the above and foregoing to be a true and correct copy of the orginal order filed in my office on the 26th day of Nov. 1906, as appears from the record in my office, and I do so certify. In witness whereof, I have hereuuto set my hand and seal of said court, at Chickasha, this Ist day of Dec. 1906. C. M. Campell, Clerk, By J. W. Speak Deputy First published Dec. 3rd 1906.

9. December 8, 1906 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 8, 1906

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Article Text

In the United States court in and o for the Southern District of the Indian Territory at Chickasha. In the matter of the receivership of the Bank of Rush Springs. Be it known that on this the 26th day of Nov. 1906, this cause came on to be heard before the honorable Jos. T. Dickerson, Judge of the United States court in and for the Souther a District of the Indian Territory, at Chickasha, upon the application of the receiver herein for additional time in which to permit creditors of said Bank of Rush Springs to file with him, their ac counts and the court being fully advised in the premises is of the opinion that additional time should be given. It is therefore ordered, adjudged, and decreed by the court that all parties shall, by Jany ist. 1907, file or cause to .be filed with F. C. Blakeley and E. S. Burney, receivers herein, all accounts or claims which they may have against the said Bank of Rush Springs. J. T. Dickerson, Judge. Indian Territory Southern District. I. C. M. Campbell, Clerk of U. S. District court for the Southern District of the Indian Territory do hereby certify the above and foregoing to be a true and correct copy of the orginal order filed in my office on the 26th day of Nov. 1906. as appears from the record in my office, and I do so certify. In witness whereof, I have hereunto set my hand and seal of said court, at Chickasha, this Ist day of Dec. 1906. C.M. Campell, Clerk, By J. W. Speak Deputy First published Dec. 3rd 1906.

10. March 9, 1907 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, March 9, 1907

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Article Text

REAL ESTATE TRANSFERS. (Furnished by Oklahoma Title & Trust Co.) E. S. Burney and F. C. Blakely, receivers bank of Rush Springs to C.