18010. Commercial bank (Guthrie, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 8, 1895
Location
Guthrie, Oklahoma (35.879, -97.425)

Metadata

Model
gpt-5-mini
Short Digest
aedb5a7c

Response Measures

None

Description

Articles from June–July 1895 refer to the Commercial Bank as 'defunct' and discuss a receiver (E. D. Nix) and court proceedings over the receiver's final report and payments to attorneys. There is no mention of a depositor run; the bank is in receivership and appears permanently closed. Bank charter/type not specified in the texts, so set to unknown.

Events (2)

1. June 8, 1895 Receivership
Newspaper Excerpt
charged him with having misappropriated money while receiver of the Commercial bank; the defunct bank's affairs ... Marshal Nix handled the defunct bank's affairs in an honest, straight and intelligent manner. He has vouchers to show for every cent handled (The Guthrie Daily Leader, 1895-06-08).
Source
newspapers
2. July 12, 1895 Other
Newspaper Excerpt
The district court has been hearing the case wherein the creditors of the defunct Commercial bank of this city oppose approval by the court of the final report of the receiver, and some very interesting testimony was brought out. The report shows over $11,000 paid as attorneys' fees. (Topeka State Journal, 1895-07-12)
Source
newspapers

Newspaper Articles (3)

Article from The Guthrie Daily Leader, June 8, 1895

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Article Text

A REPUBLICAN BOOMERANG. A man may be a charlatan, knave, liar, thief and character assassin, and at the same time be consistent. The editor of the Capital has clearly demonstruted that he is inconsistent. On Thursday evening the evening paper made a villainous attack on E D. Nix, charging him with having misappropriated money while receiver of the Commercial bank, and terming him dishonest in his dealings. This has been the Capital's method all along. It has never any foundation for its measly assaults, and has earned an unenviable reputation for making a wild crack one day and retracting it the next. Those of its readers who have taken the paper for any length of time place no credence in its asser tions and regard its policy as one does the shifting sands. In the present matter the Capital outdid Itself is attempting to cast odium on Mr. Nix Last evening it retracts all its statements, and adroitly endeavors to cover up a well-meaning apology by a citation of figures which amount to nothing. The court has to do with figures now-subsequently the public will be given a chance to judge. THE LEADER will not undertake a discussion of the case at -this time. There will be opportunity enough when it comes up in court, and then it will be seen that Marshal Nix handled the defunct bank's affairs in an honest, straight and intelligent manner. He has vouchers to show for every cent handled and if some of his accounts were approved orally by Judge Green, that was the court's fault, not Nix's. What amuses us is the flat and speedy turning down of the blatant sheet after such a laborious effort to find a parallel for the Republican loot of the De Steiguer bank. Hereafter when the Capital wants to say something in order to make a political point and levy blackmail, it will-say nothing.


Article from The Guthrie Daily Leader, June 11, 1895

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Article Text

THE Capital says "Nix has to go around to the LEADER to get it to defend him." That is news to Mr. Nix. He is a level, conscientious man and does not have to "go around" anywhere. As for defense, he needs none. He has committed no act that needs to be explained. To what does the asinine howler refer? Surely not to its blatant break of a few evenings since, when it charged Mr Nix with shady dealings in connection with the Commercial bank receivership, and humbly apologized next day for its mouth diarrhea. Instead of criticizing Marshal Nix the Capital should look after its mortgage held by the Guthrie National bank and pay the McKennon estate its back rent. The sewer is getting wobbly and needs more friends than Joe McNeal and Charlie Renfro.


Article from The Topeka State Journal, July 12, 1895

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Article Text

The Lawyers Fared Well. GUTHRIE, Ok., July 12.-The district court has been hearing the case wherein the creditors of the defunct Commercial bank of this city oppose approval by the court of the fin: report of the receiver, and some very interesting testimony was brought out. The report shows over $11,000 paid as attorneys' fees. In one lot belonging to the bank $1,700 was spent to clear the title and the lot afterwards sold for $1,600 by the receiver.