Articles report a small run triggered by the arrest/warrants for President E. L. Hendrey (charges of embezzlement/violations of banking laws), the bank was closed and a receiver (W. V. Taylor / later D. A. Frayser) was appointed Aug 15, 1911. Subsequent criminal charges and receivers' actions indicate the bank did not resume normal operations and other related banks were affected. OCR corrections: Hendrey / Hendry variants standardized as Hendrey; dates taken from newspaper datelines (Aug 15, 1911).
Events (3)
1.August 14, 1911Run
Cause
Bank Specific Adverse Info
Cause Details
Run began after announcement that a warrant had been issued for President E. L. Hendrey's arrest on charges related to Oklahoma banking law violations and alleged embezzlement.
Measures
Bank closed for the night; police dispersed crowds; officers later consulted attorneys and arranged to seek appointment of a receiver.
Newspaper Excerpt
When the run on the bank was at its height last night several hundred depositors were struggling for access to the paying teller's window.
Source
newspapers
2.August 15, 1911Receivership
Newspaper Excerpt
Receiver Taylor has expert accountants examining the bank's books and expresses the opinion that depositors will be paid.
Source
newspapers
3.August 15, 1911Suspension
Cause
Government Action
Cause Details
Bank officers applied for and the court appointed a temporary receiver (to prevent further runs) following the arrest of the president and the run.
Newspaper Excerpt
W. V. Taylor was appointed receiver of the Memphis institution early today. Announcement ... caused a small run to be instituted on the bank. After consultations with attorneys the officers of the bank closed it and the application for an appointment of a receiver followed.
Source
newspapers
Newspaper Articles (15)
1.August 15, 1911The Sentinel=recordHot Springs, AR
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E. L.HENDREY UNDER ARREST PRESIDENT OF NIGHT AND DAY BANKS AT MEMPHIS AND HOT SPRINGS. Run on Memphis Bank Follows Arrest As Fugitive From Justice From Oklahoma. Mempais, Tenn., Aug. 15.-101 lowing the arrest of E. L. Hendrey, a president of the institution, on warrant charging that he is a fugitive from Oklahoma, formal announce. ment was made early this morning that a temporary receiver will be asked today for the All Night and Day Bank of Memphis. Judge R. E. Maiden, attorney for the bank, in authorizing the statement that the bank's doors will not be re-opened this morning, asserts that depositors and the stockholders of the concern will be paid in full and that the application for a receiver will be taken solely to prevent a repetition of a run started early last night when it became known that a warrant had been ISsued for Hendrey's arrest. Hendrey was taken into custody by Deputy Sheriff Mel Burgess of Oklahoma City. He is specifically cnarg. ed with intent to defraud and injure an Oklahoma City bank. The charges follow the arrest in Oklahoma of Abner Davis and G. H. Meyers, respectively former president and cashier of the Night and Day Bank of Oklahoma City. They are enarged with embezzlement, and the falsifying of entries. and bank statements. Davis and Myer were released under bond. Hendrey, while entering a general denial to the charges, announces mis willingness to accompany Burgess to Oklahoma without protest. He asserts he has not been in that state in years and that he has had no dealings with the Oklahoma City night and day bank. When the run on the bank was at its height last night several hundred depositors were struggling for access to the paying teller's window. Announcement was then made that the bank would be closed for the night but would re-open this morning. A squad of police put in a busy quarter of an hour dispersing the crowd. The All Night and Day Bank was organized a year ago with a capital of $32,250. Its last statement, July 1, showed resources of $153,846.60. Deposits, representing in the main small accounts. totalled $96,030.41. The resources included loans and discounts of $99,134.92.
2.August 15, 1911Newark Evening Star and Newark AdvertiserNewark, NJ
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ARREST MEMPHIS BANKER AS OKLAHOMA FUGITIVE. MEMPHIS, Tenn., Aug. 15.-Following the arrest last night of E. L. Hondrey, president of the All Night and Day Bank, of Memphis, on a warrant charging that he is a fugitive from Oklahoma, a temporary receiver will be asked today for the institution. Depositors and the 'stockholders of the concern will be paid in full, it is said, and the application for a receiver will be taken to prevent a repetition of a run started early last night,
3.August 16, 1911The Birmingham Age-HeraldBirmingham, AL
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BANKER OF MEMPHIS IS SERVED WARRANT Memphis, August 15.-Following the arrest last night of E. L. Hendrey, president of the All Night and Day bank of Memphis, on a warrant from Oklahoma City, charging that he had violated the state banking laws of Oklahoma, and after Hendrey agreed to return to that state without requisition, W. V. Taylor was appointed receiver of the Memphis institution early today. Announcement late yesterday that Henrey was being sought by the authorities caused a small run to be instituted on the bank. After consultations with attorneys the officers of the bank closed it and the application for an appointment of a receiver showed confidence in the early morning hours. Receiver Taylor has expert accountants examining the bank's books and expresses the opinion that depositors will be paid.
RECEIVER IS NAMED FOR A MEMPHIS BANK By Associated Press. Memphis, Tenn., Aug. 15.-Following the arrest last night of E. L. Hendrey, president of the All Night and Day Bank of Memphis, on a warrant from Oklahoma City charging that he has violated the state banking laws of Oklahoma and after Hendrey agreed to return to that state without requisition, W. V. Taylor was appointed receiver of the Memphis institution early today. Announcement late yesterday that Hendrey was being sought by the authorities caused a small run to be instituted on the bank. After consultation with attorneys, the officers of the bank closed it and the application for an appointment of the receiver followed conferences in the early morning hours. Receiver Taylor has expert accountants examining the bank's books and expresses the opinion that the depositors will be paid.
5.August 18, 1911Atlanta Semi-Weekly JournalAtlanta, GA
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RECEIVER IS NAMED FOR MEMPHIS BANK MEMPHIS, Tenn., Aug. 15.-Following the arrest last night of E. L. Hendrey, president of the All Night and Day bank of Memphis, on a warrant from Oklahoma City, charging that he had violated the state banking laws of Oklahoma, and after Hendrey agreed to return to that state without requisition, W. V. Taylor was appointed receiver of the Memphis institution early today. Announcement late yesterday that Hendrey was being sought by the 'authorities caused a small run to be instituted on the All Night and Day bank. After consultation with attorneys, the officers of the bank closed it and application for and the appointment followed conferences in the early morning hours. Receiver Taylor has expert accountants examining the bank's books and expresses the opinion that depositors will be paid. Taylor made $40,00 bond as receiver.
6.August 24, 1911Oxford EagleOxford, MS
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Mize.-The Bank of Mize has suspend ed payment on account of the failure of the All Night and Day bank of Memphis, Tenn. The Mize bank was a creditor of the failed bank to the extent of about $5,000. The capital of the Bank of Mize is $10,000. It is expected the bank will resume as soon as it realizes what is due it from Memphis.
By Associated Press. Memphis, Tenn., Sept. 20.-Armed with a revolver and threatening to shoot the first man who came upon her premises, Mrs. Toenges, wife of T. W. Toenges, former cashier of the All Night and Day Bank, held at bay officers of the law from 6:30 until 9 o'clock this morning at her home in this city. The officers were after her husband: It was not until reinforcements in the shape of four moutned patrolmen arrived that Toenges surrendered, Toenges, with A. C. Cook, a former cashier of the bank, are charged in the warrant with having accepted deposits when it was known that the bank was insolvent. Later in the day Cooke surrendered to the authorities. After his arrest Toenges declared he had just returned from Chicago where he had made arrangements for funds to pay depositors; that the money has been secured and "will be here when needed." He declined to talk at length of his arrest. The warrant for the arrest of Toenges was issued late yesterday and placed in the hands of officers for service. Calling at the Toenges residence they say no one would answer the rings at the door. Today they called again, but Mrs. Toenges denied them admission, they assert, talking through a window, revolver in hand. Reinforçements were called for and mounted police went to the scene. Later Toenges decided to surrender. Constables afterwards went to the home of A.fl C. Cooke, also a former cashier of the bank, but could not find him. The All Night and Day Bank was re. cently placed in the hands of a receiver, when E. L. Henry, its president, was sought by authorities from Oklahoma City in connection with alleged violation of the Oklahoma banking laws.
8.September 21, 1911The Sentinel=recordHot Springs, AR
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HENDREY ARRESTED Memphis, Tenn., Sept. 20-Warrants sworn to today by Receiver D. A. Frayser of the suspended All Night and Day Bank of Memphis, charge President E. L. Hendrey of the institution individually with attempted embezzlement. and joint. ly with G. W. Toenges, cashier and A, C. Cooke, former cashier, with making false entries on the books of the concern. Toenges and Hendrey are also charged with accepting deposits when it yas known the bank was insolvent. Toenges and Cook accepted servIce of the warrants and were re. leased under bonds of $12,0000 to await preliminary (fiak before a magistrate. Hendrey is expected to return to Memphis from Kansas City tomorrow
9.September 26, 1911The CaucasianShreveport, LA
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# HOLDS OFFICERS OFF.
Wife of Memphis Banker Stays Arrest For a Time.
Armed with a revolver, a woman in the fashionable residence district of Memphis, Tenn., held at bay several constables and policemen for two and a half hours to prevent the arrest of her husband, G. W. Toenges, until, tiring of the siege, he decided to surrender and was formally placed under arrest.
Toenges, who was the cashier of the All-Night and Day bank, is accused of making false entrles in the bank's books. He declared that he had just returned from Chicago, and had at that city made arrangements for funds to pay depositors; that the money had been secured and "will be here when needed." He declined to talk of his arrest,
After the warrant for the arrest of Toenges was given to the constables they called at his residence, No one, they said, would answer rings at the front door. Again they called. Mrs, Toenges denied them admittance. they assert, talking with them through a window, revolver in hand. Reinforcements were called for and the police department sent mounted patrolmen to the scene. Toenges finally decided to surrender.
Constables afterward went to the home of A. C, Cooke, a former cashier of the bank, but could not find him. He later went to the authorities and surrendered. Cooke is also charged with irregularities in connection with the bark's affairs.
Recently the All-Night and Day bank was placed in the hands of a receiver, when E. L. Hendry, its president, was sought by authorities from Oklahoma City in connection with alleged violations of the banking laws of Oklahoma.
10.September 26, 1911The Hattiesburg NewsHattiesburg, MS
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MEMPHIS' MISSING BANKER FOUND IN OKLAHOMA. Oklahoma City, Okla., Sept. 26.-E. L. Hendrey, president of the All Night and Day bank of Memphis, Tenn., now in the hands of a receiver. who is charged with attempted embezzlement, and for whose arrest warrants are out in that city, was located today by a representative of the Daily Oklahoman at a hotel in Oklahoma. While reports have been current that Hendrey was in Kansas City, he has been here since last Friday, making arrangements to refund the depositors of the Memphis All Night and Day bank and to reopen the institution. Hendrey stated that he intended to return to Memphis Monday morning. Depositors of the Night and Day bank will be paid dollar for dollar, according to the statement of Judge E. R. Olde, one of Hendrey's attorneys, who has been accompanying him during his trip from Memphis.
11.September 27, 1911The Sentinel=recordHot Springs, AR
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RECEIVER FOR LITTLE ROCK BANK NIGHT AND DAY INSTITUTION THROWN INTO LIQUIDATION BY MEMPHIS MAN / Insolvency and Irregularity - Are Charged - William M. Lewis Is Named Receiver. / Little Rock, Ark., Sept. 26-Upon the petition of D. A. Frayser of Memphis, receiver for the All Night and Day bank of that city presented to the chancellor this afternoon by attorneys W. T. Biggs of Memphis and W. J. Jerry of this city, chancellor Martineau appointed William M. Lewis receiver for the Night and Day bank of this city. The allegations are insovency and irregularity in the local bank, it be_ ing alleged that the Little Rock bank is a debtor of the Memphis concern. Mr. Lewis immediately took charge of the institution. The receiver had no statement to make tonight. With the closing of the bank's doors |several hunderd deposiors clamored for admittance and it was necessary to call a squad of police to disperse the crowd. In the petition asking the receiver it is alleged that the Little Rock insstitution is indebted to the suspended All Night and Day bank of Memphis, Tenn., to the extent of $3.100, long past due; that demand for the sum met with a refusal on the ground that $2,225 in certificates of deposits of the Memphis concern was held, which, it was contended. should be credited to the account of the Little Rock institution. The petition asserts that the certificates of deposits were fraudulently issued by the All Night and Day bank of Memphis and that the presi. dent of the Little Rock All Night and Day bank, H. c. Wynne. as director in the Memphis institution, was aware that such was a fact. Hence, it is asserted, the Little Rock concern is not a bona fide holder for the value of the certificates. The All Night and Day Bank of Little Rock was organized about a year ago with a stated capital of $30,000 and surplus of $3.000. According to the last statement, issued in June, deposits of $70,000 was held, composed principaly of small ac. counts.
12.October 8, 1911The Sentinel=recordHot Springs, AR
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HENDRY UNDER ARREST Oklahoma City, October 7-E. L. Hendrey, president of the All Night and Day bank of Memphis now in hands of a receiver late tonight was arrested on a charge of obtaining the sum of $6000 under false pretenses. The charge was preferred by Chas. Ekert, secretary and treasurer of the Western and Southwestern Insurance company of Oklahoma City.
13.November 15, 1911The Birmingham Age-HeraldBirmingham, AL
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Lay Blame Upon Cashier Memphis, November 14.-What is declared by Receiver D. A. Frayser of the Memphis All Night and Day Bank to be the beginning of criminal prosecution in connection with the closing of that concern was announced today in the return of an indictment of the Shelby grand jury against George F. Tonngast. The charge Is that Tonngast, who was cashier of the All Night and Day bank, received deposits after he knew that it was insolvent.
Five Tennessee Bankers Guilty of a Conspiracy to Defraud Day Bank of Oklahoma City; C. A. BY ASSOCIATED PRESS. Bonds, former president of the Kan23.-Five Memphis, Tenn., Oct. sas City All Night and Day Bank and bankers well known in Memphis, KanJ. S. Brooks, former director of the sas City and Oklahoma City, and othMemphis Bank and head of a local lumber company. er cities, who have been on trial here The government charged that the charged with conspiracy to defraud, defendants by an unlawful exchange were found guilty today by a federal of securities were able to pass clearjury. ing house examinations and that the W. C. White, a former director of funds of the institutions were used in the All Night and Day Bank of Meman illegal manner. phis, and the Union Trust Company A run on the Memphis All Night of Hot Springs, also named in the inand Day Bank about a year ago led dictment, was acquitted. to disclosures which ultimately inThose convicted are: E. L. Hendry, volved like institutions in Oklahoma former president of the Memphis All City and other cities. The indictment Night and Day Bank; H. C. Wynne, of a number of officers connected with former president of the Little Rock All each followed. Night and Day Bank: Abner Davis, Sentence was deferred. former president of the All Night and
15.October 24, 1912The Hattiesburg NewsHattiesburg, MS
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BANKERS GUILTY ON CONSPIRACY CHARGE FIVE MEN WELL KNOWN IN THE SOUTH USED NIGHT AND DAY BANKS TO DEFRAUD. Memphis, Tenn., Oct. 24.-Five bankers well known in Memphis, Kansas City and Oklahoma City, and other cities, who have been on trial here charged with conspiracy to defraud, were found guilty yesterday by a federal jury. W. C. White, a former director of the All Night and Day Bank of Memphis, and the Union Trust Company of Hot Springs, also named in the indictment was acquitted. Those convicted are: E. L. Hendry, former president of the Memphis All Night and Day Bank; H. C. Wynne, former president of the Little Rock All Night and Day Bank: Abner Davis, former president of the All Night and Day Bank of Oklahoma City; C. A. Bonds, former president of the Kansas City All Night and Day Bank, and J. S. Brooks, former director of the Memphis bank and head of a local lumber company. The government charged that the defendants by, an unlawful exchange of securities were able to pass clearing house examinations and that the funds of the institutions were used in an illegal manner. A run on the Memphis All Night and Day Bank about a year ago led to disclosures which ultimately involved like institutions in Oklahoma e City and other cities. The indictment of a number of officers connected with each followed. Sentence was n deferred.
