18078. Bank of Lawton (Lawton, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
March 11, 1905
Location
Lawton, Oklahoma (34.609, -98.390)

Metadata

Model
gpt-5-mini
Short Digest
02f51f48

Response Measures

None

Description

Bank was closed by the territorial bank examiner on March 11, 1905 and placed in the hands of a territorial receiver. Coverage reports subsequent indictment/arrest for embezzlement and receiver dividends—no mention of depositor run. OCR errors corrected (e.g., 'Dank' -> 'Bank'; 'Coper' -> 'Cooper').

Events (4)

1. March 11, 1905 Receivership
Newspaper Excerpt
has been placed in the hands of Paul F. Cooper, the territorial bank receiver. ... Emil C. Knappe has been appointed receiver of the insolvent institution by the district judge, and his bond fixed at $20,000.
Source
newspapers
2. March 11, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by territorial bank examiner after discovery of insolvency and alleged embezzlement by officers (B. H. McDuffie charged with embezzling about $12,000); examiner removed remaining cash to another bank.
Newspaper Excerpt
The Bank of Lawton, capitalized at $10,000, controlled by McDuffie Bros., closed its doors to-day and has been placed in the hands of Paul F. Cooper, Territorial Bank Receiver.
Source
newspapers
3. March 23, 1905 Other
Newspaper Excerpt
B. H. McDuffie, vice president of the defunct bank of Lawton, was arrested ... charged with embezzlement of $12,000 of that institution's funds. ... Assistant Bank Examiner Moore today removed $4,685, the balance of cash remaining in the Bank of Lawton, to the City National Bank.
Source
newspapers
4. September 30, 1905 Other
Newspaper Excerpt
Emil C. Knapp, receiver of the defunct Bank of Lawton, ... was allowed to make a dividend of 45 per cent to creditors. A dividend of 30 per cent was declared and paid on Nov. 1.
Source
newspapers

Newspaper Articles (12)

Article from The San Francisco Call, March 12, 1905

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OKLAHOMA TERRITORY BANK CLOSES ITS DOORS Receiver Appointed for Institution in Which the City of Lawton Deposited Funds. LAWTON, Okla., March 11.-The Dank of Lawton, capitalized at $10,000, controlled by McDuffle Bros. of this city, closed its doors to-day and has been placed in the hands of Paul F. Coper, Territorial Bank Receiver, The city had $25,000 on deposit in the bank. J. S. McDuffie, the bank cashler, is also the City Treasurer.


Article from The Salt Lake Herald, March 12, 1905

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OKLAHOMA BANK CLOSED. Lawton, Okla., March 11.-The Bank of Lawton, capital $10,000, controlled by McDuffie Brothers of this city, closed its doors today and has been placed in the hands of Paul F. Cooper, the territorial bank receiver. The city had $25,000 on deposit in the bank. K. S. McDuffie. the cashier, is also the city treasurer.


Article from The Donaldsonville Chief, March 18, 1905

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THE WORLD'S NEWS. Flashes of the Telegraph Wires From Near and Far. in Heavy Mortality from the Plague India-Mrs. Chadwick Convicted-New York Transit Strike Settled-Indiana Wheat Flooded. A lobater trust has been organized in Maine. A severe earthquake shock was felt in Michigan. The Corean government has adopted the gold standard. Santo Domingo's debts amount to a An a total of $24,643,378. murdered American negro policeman The Bank at of Colon. Lawton, at Lawton, Okla., closed its doors. A bank at Benton, Ky., was robbed of $4000 by safe-blowers. Uruguay has signed an extradition treaty with the United States. an Twenty-six miners were killed by in a colliery in Wales. a department explosion The navy derelicts. will detail to destroy ocean vessel of Corea has become to the Catholic converted The emperor education religion. Chicago's board of may a school for Sinner" has sent the establish "A child government. $12,000 wives. to conscience fund of the died thousand the plague in India from Thirty-four persons last will week. be physical culture city N. es- J. tablished A in Middlesex county, TheOhio river has flooded thousands acres of growing wheat in Indiana. of fleet of barges carrying 2,500,000 bushels A of coal started south fromPittsburg. Henry Norcross Munn, editor of New the Scientific American, died at York. A negro imprisoned at Longview, cell by Tex., was shot to death in his a mob. Russia paid England $325,000 indem- Sea nity in settlement of the North matter. Three tiremen were killed by falling walls in a conflagration at Birmingham, Ala. The strike on the New York subway deand elevated railroads has been clared off. Nineteen persons were killed and fire forty injured in a tenement house in New York. The steel trust will restore wages cent to the rate paid before the ten per cut was made. fund of $3,000,000 has been raised beef for A the purpose of fighting the trust in Chicago. hurricane swept the coast of England A and Ireland and inflicted considerable damage. Damage amounting to $500,000 south was caused by a storm along the California coast. second trial of Nan Patterson for The killing Caesar Young will begin New York April 10. Federal authorities in Mississippi are investigating the beef trust's operations in that state. Cotton exports for February totalled the $19,740,140, against $20,565,022 for same month last year. Peasants in Russia have plundered and destroyed property of the royal family worth $1,000,000. Hope of ratifying the Santo Domingo the treaty at the present session of senate has been abandoned. Ex-Senator Frank J. Cannon, editor the Salt Lake Tribune, has been of excommunicated by the Mormon church. The coroner's jury at Honolulu de- of Mrs. Leland Stauford died with strychnine clared poisoning administered felonius intent. Southern Pacific has ordered The engine which will travel 3000 miles of without an a stop, running at the rate 100 miles an hour. A woman pronounced dead at St. Louis has been revived and is appar- an ently recovering, as the result of injection of a salt solution. Gov. James B. Frazier was nomiby the Democratic legislative late nated caucas at Nashville to succeed the Senator Bate, of Tennessee. Mrs. Cassie L. Chadwick, charged to defraud a in was found guilty by a bank, with conspiracy national O. jury the federal court at Cleveland, and eleven taken from the been One hundred Virginia bodies Ala., which have coal near Birmingham, 20. was wrecked by an explosion of three negro mine, Two murderers killed Feb. in who escaped from jail were a fight with a posse near Dumas, was Ark. A member of the posse wounded. The statement that the water of the lakes is rising gradually every in great causes scientists to fear that a the year dim future Chicago may become Venice. Joseph Thompson and James Gaines, life-long friends, killed each a other at Wheeling, W. Va, in bloody duel following a quarrel over a piece of soap. President Roosevelt is said to be considering the appointment of Mrs. late John B. Gordon, widow of the Gen. John B. Gordon, to an important federal position in Georgia.


Article from Chicago Eagle, March 18, 1905

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Bank in Oklahoma Bank Is Closed. The Bank of Lawton, Okla., capital $10,000, controlled by McDuffie Brothers of that city, closed its doors and has been placed in the hands of Paul F. Cooper as receiver. The city had $25,000 on deposit in the bank. J. S. McDuffie, the cashier, is also the city treasurer.


Article from The Waxahachie Daily Light, March 23, 1905

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Article Text

CHARGED WITH FRAUD Vice President of Lawton Bank Alleged to Have Embezzled Funds. The following special from Lawton, Ok. under date of March 2 appearer in the Fort Worth Record: B. H. McDuffie, vice president of the defunct bank of Lawton, was arrested at 6 o'clock this evening on a charge of embezzlement of $12,000 of that institution's funds. His bond was fixed at $2,500. McDuffie was indicted by the grand jury this afternoon, that body having been charged by the district judge today to make a searching investigation of the condition of the bank. Assistant Bank Examiner Moore today removed $4,685. the balance of cash remaining in the Bank of Lawton, to the City National Bank. He discovered that B. H. McDuffie had drawn $12.000 and that amount was charged to McDuffie & Co., brokers on Wall Street, New York. A recent statement of the bank showed over $16,000 due from other banks, one of which was the Commonwealth Trust Company of St. Louis The attorney for the company arrived in the city today and exhibited a note for $2,500. signed by J. S McDuffie and C. E. McDuffie, last August. The tables being turned in this one instance, gives rise to the fear that other amounts alleged to be due are merely ephemeral. Cashier J. S. McDuffie departed from Lawton last Saturday, ostensibly for Kansas City, and has not returned. At a meeting of depositors at 10 o'clock tomorrow morning a receiver for the defunct bank will be recommended to the district judge. A special to the Dallas News gave the following additional information with reference to the bank's troubles: The creditors of the Bank of Lawton held a meeting last evening at the office of McElhoes & Ferris. The meeting was friendly to Mr. McDuffie, and it was the sense of those presentthatthey wanted to do allwithin their power to assist him to resume business. There is held to be a question as to the authority of the bank commissioner to close the bank. 1. M. Geusmon. Thomas & Taylor and Jennings & Jennings were appointed to investigate this proposition. and if they deem it advisable to oppose the appointment of a receiver. Eighty per cent of the depositors were present at the meeting Mr. J. S. McDuffie, cashier of the above named bank. is a brother to Alderman W. J. McDuffie and Mrs. O. E. Dunlap of this city. He formerly lived at Ennis and was connected with the Ennis National bank for ten or twelve years. He has many friends here who will regret to learn of his troubles. B. H. McDuffie is his son and is a young man who has resided in New York a number of years. -


Article from The Topeka State Journal, March 23, 1905

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CHARGE OF EMBEZZLEMENT. An Officer of the Bank of Lawton, Ok., Is Arrested. Lawton, Ok., March 23.-B. H. McDuffie of New York, vice president of the Bank of Lawton, has been arrested here, charged with embezzling more than $12,000 from the bank. His bond was fixed at $2,500 to await the action of the grand jury, which is now in session. The bank was closed by the territorial bank examiner March 11. Judge Gillette is expected to appoint a receiver tomorrow. The bank's vault was opened by the assistant territorial bank examiner, Mr. Moore, who found $4,656.48 in cash. The last statement, made March 1, showed individual deposits, subject to check, of $47,279.16.


Article from The Guthrie Daily Leader, March 30, 1905

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INDICTMENT AT LAWTON Vice President of Defunct Bank is Charged With Embezzlement. l.awton, March 30.-The grand jury returned an indietment against B. H. MeDuffie, vice president of the insolvent Bank of Lawton, charging him with embezzlement of the bank's funds. For this 1.c was held to await the action of the grand jury and immediately upon the issuance of a warrant for his arrest he was delivered to the authorities by his bondsmen. While no definite information to that effect is obtainable at this time, it to said that J. S. McDuffie, casher of the bank, has also been Indicted. Emil C. Knappe, deputy district clerk, has been appointed receiver of the insolvent institution by the district :udge, and his bond fixed at $20,000. This was against the wishes of depositors. who had recommended Fred W. Smith.


Article from The Daily Ardmoreite, March 31, 1905

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The grand jury at Lawton returned an indictment against B. H. McDuffie, charging him with abstracting funds of the defunct Bank at Lawton. The amount of his bond was placed at $2,500. E. C. Knappe has been appointed receiver for the institution and placed under a bond of $20,000 to faithfully perform his duties.


Article from The Guthrie Daily Leader, May 25, 1905

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The Old Standard Grove's Tasteless Chill Tonic, drives out malaria and builds up the system. Gold by all dealers for 27 years. Price 50 cents. LEADERETTES. Local Happenings of City and Territory Briefly Told. Thirty negroes were recruited at Muskogee last week. The kodak fiend has been overlooked at Snyder up until now Catterp.Mars have attacked apple orchards in Pottawatomie county Wanette is 10 have a big pienic and balloon ascention next Thursday. Wm. C. Moore, or.e of the original members of the Perry bar, is dead. Six negro land grafters have been indicted by the Muskogee grand jury. Mrs. F. R. Dolson of Lawton was kiked by a young colt and killed at her home, R. B. Forrest and F. E. Oliver are to make Decoration day addresses at El Reno. The citizens of Tahlequah will vote on the proposition to Issue $15,000 school bonds, Ike S. Yoes has been re-appointed constable of South 'McAllester by Judge Clayton. The Choctaw is to be ballasted between El Reno and Oklahoma City with burned gumbo. The Shawnee Commission company of Shawnee, with a capital of $10,000, has been incorporated. I The jewelry store of C. W. Hoskins at Collinsville was burglarized of $1,800 worth of jewelry. Dryden is to have a $6,500 gin plant. Two rural routes will be established out of Mangum on June 15. Jim Woods is on trial this week at Tecumseh charged with killing the Ames faimly near Chandler a year ago, Mr. and Mrs. Charles Tieman of Blackwell lost a baby this week by its getting hold of concentrated lye, The Santa Fe has established a gumbo kiln five miles south of Caney to make ballast for use on that road. Blasting on the Frisco railroad at Fletcher the other day came near being as disastrous as a slight earthquake. Prof. Lynn Glover of Fulton, Mo., has been selected as superintendent of Bartlesville's public schools for the next year. Receiver Knappe of the defunet bank at Lawton states that the bank is in a position to pay about 50 cents on the dollar. The glass factory at Bartlesville is being equipped with new machinery and the plant's capacity will be considerably increased. Alva's base ball nine returned from a visit to Avard with not a score but with a charge of imported players against Avard. The factions in Keokuk Falls, Pottawatomie coumnty, are ad vertising the town extensively, but not hr.ugh the best of mediums. -Day county the other day yielded up one "Bill" Davis to Woods county's sheriff, W.O had a warant charging horse stealing to him. The Union Asphalt company of Comanche will build a branch line from the Rock Island to Comanche to the company's mines near that place. The Merchants' and Planters' Insurance company of Muskogee, with a capital of $200,009, of which $5,000 is paid up, has filed articles of incorporation. Trains on the M., O. and G. railroad are to be running between Muskogee and Dustin by the Fourth of July, If the superintendent's plans do not misearry. John and Frank Bestie, charged with the killing of their brother, Joe, in a Burnett October were


Article from The Guthrie Daily Leader, June 16, 1905

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SOME NEWS OF GUTHRIE Short and Condensed Items of Interest for Guthrie People. Sweet corn on the market. Miss Essie Cassidy is visiting friends in Wichita. I The new bank has its doors wide open and is taking in the coin. The Perry Republican says: Mrs. M. A. Stahl, of Hotel Planters, is in Guthrie today on business. Miss Ruth Parmenter was up from Guthrie to spend Sunday with friends.Ponca City Democrat. John Knapp, receiver of the Bank of Lawton, went to Guthrie today.-Lawton News-Republican. I Mrs. E. E. Pentecost will leave the first of the week for Indianapolis, Ind., where she will spend the summer. Guthrie ball players deposit their money in the banks One among them sends his coin home to his mother. Good. | The Kingfisher Star says: Miss Blanche Reynolds, sister of Mrs. E J. Solinger, was called from Guthrie Monday on account of the stckness of her little nephew, Miss Irma Lowden, who has been spending the winter in Guthrie attending the Logan county high school, will leave for her home in Ind'ana next


Article from The Guthrie Daily Leader, June 16, 1905

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John Knapp, receiver of the Bank of Lawton, went to Guthrie today.-Lawton News-Republican.


Article from The Guthrie Daily Leader, September 30, 1905

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BANK DIVIDEND. Special to Daily Leader. Lawton, Sept. 30-The application of Emil C. Knapp, receiver of the defunct Bank of Lawton, was presented to the district court, ask ing that he be allowed to make a dividend of 45 per cent 0 crédit ors. He was ordered to pay the dividend on July 8. A dividend of 30 per cent was declared and paid on Nov. 1, and a further ividend will be declared.