18096. Mcalester Trust Company (McAlester, OK)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust company
Start Date
February 4, 1927
Location
McAlester, Oklahoma (34.933, -95.770)

Metadata

Model
gpt-5-mini
Short Digest
ae6f48bc

Response Measures

Full suspension, Books examined

Other: Marines and Federal Reserve shipments guarded a surviving bank (First National) but that involved a different institution.

Description

Multiple contemporaneous articles report a run on the McAlester Trust Company (early Feb 1927) precipitated by frozen assets from a cotton-price slump; the trust failed to open, state examiners took charge and affiliated banks suspended. Later local paper (Apr 1927) refers to the final crash of the Trust Company, indicating permanent failure/closure. OCR errors in some articles (e.g., Vlester for McAlester) corrected.

Events (3)

1. February 4, 1927 Receivership
Newspaper Excerpt
Five state bank examiners were enroute to take charge of the banking institutions that closed their doors as the result of a run on the McAlester Trust company, the parent bank.
Source
newspapers
2. February 4, 1927 Run
Cause
Local Shock
Cause Details
Frozen assets caused by a slump in cotton prices led depositors to withdraw funds, triggering a run on the McAlester Trust Company.
Measures
None specific for Trust Company mentioned; affiliated surviving First National received shipments of reserve funds (from Federal Reserve) guarded by marines to stem runs on remaining bank(s).
Newspaper Excerpt
run yesterday on the McAlester Trust Co., the parent institution.
Source
newspapers
3. February 4, 1927 Suspension
Cause
Local Shock
Cause Details
State banking officials attribute the suspension/closing to frozen credits/assets from the cotton price depression which tied up reserve funds.
Newspaper Excerpt
Both the McAlester Trust company and the Bank of North McAlester suspended business this morning.
Source
newspapers

Newspaper Articles (21)

Article from The American Guardian, June 25, 1926

Click image to open full size in new tab

Article Text

Open Shop Fight of McAlester Business Men Leads Three Banks Are to Merged Bankruptcy; which the has the of certain their allies open ought entitle paper bouquet large the torch liberty, which the holds aloof outside of New York going know In this mine strike the Leader just simply told what going happen. And did Along in the early days of the strike business chambers bankers keep out of the fight. didn't any The Leader and purpose learned banker be bolshevik Rusnick can one in Russia and with far cause. Down here in spread false reports banks backing the open shoppers. In fact, want the bankto There many bystanders penury and not enough bankers sent the pen when bank goes broke. Three Banks Hit McAlester three saved ing since the strike Only in would have been the "closing of doors" "Pernicious intermeddling of called business men clutters the scene much to the Sad Sam Marley the October 15, 1925, shortly after Sad Sam joined 'sixty business his friend Trapp gross troops peacepreserve order which had never disturbed, disturbed. Sam was head of the Bankers' the of the Walton Club, the Game the tional short, he ting on so speak. than have him head telegram for troops He the line original but to his of the of the friend Trapp. alleged the names of How. Trapp had run out of troops or and they were denied. In the asked Sad Sam Sam announced briefly the local newspaper and had no apologies Deposits Dwindle The next thing Sad Sam realized that set "goofers" drawing money out his bank and taking elsewhere Some say the withdrawals only amounted 000, others aver that was larger, in addition to loss of patronage. Some the money the other two "heading" "but while some the money to the postoffice tomato very business. The next of the local paper for appeal for troops, seemed though too late Sam kept was the old game with the operators until and then oil the track journey will made with neatness and Last week bank the final thing Sam. he would have to dig up moncare for the worthless paper his close the Bank, Monday morning. bank which had one been the the city was tottering. you successful favor your and dare ish wailed by broken same thing have when was being abused his for the on the The McAlester Trust strong bank the city took the the Sam the that he merely trustee money and vager of mines and few dimes has left can ponder the fate the "business dips into labor troubles may find relief down among the herd look change of view point good for your soul. Remember of frien' Jimmie pinched this American While coal this National Bank eating head off, and came show down Jimmie had plank down several dollars tender of United States money Now, you don't believe that mangled up Jimmie's feeling borrow Then there's Jack Griffin. member The then such an unholy row determined made brick in his That's the he to made kicked, walked finally on show about all the money could and on about fellows signed the appeal against the advice Leader wearied seems group noble signed the for troops getting about that them. doesn't teach get out and stay all "union know what UNION BACKS UP WORKS Organized state get laugh of the "settledispute to using bor and union side by taken the Legion Third street, Monday being down the suspenwork and formal protest local council. the percent far walls protest against of prison labor brick lodged with the state labor this turn taken the state board others Friday protest withdrawn, by mutual Brick Supply Awaited through lar dark brown which needed carry bricks in delivery until officials advised the post. been made with the for the tion the building. that the Legion would building the mutual agreestate the extent labor, would be authorized foundations walls. other the legion home were to union under agreement five union, on the carpentry work and other union firms bid and were awarded the other the contract was believed that any be raised inasmuch as the building semipublic built by Rupert Harripost the American Legion financial bonus raised public subscription.


Article from The Mercury, February 4, 1927

Click image to open full size in new tab

Article Text

TWO BANKS CLOSE Run Another Bank Oklahoma Town Halted Citizens The McAlester, Okla.,- Feb. McAlester Trust company and the Bank of North McAlester susthe The recent pended today. of the First National bank suspension the Bank of Hartshorne and Krebs contributing factors, were of the two McAlTotal deposits ester banks about $2,000,000. conditions here caused Banking excitement and when the furore First National bank, the only remaining bank in the city, opened at o'clock, run started. Depositors and gathered in big spectators hour before the doors throngs cash hand to opened. Ample on stem the crisis, said. Before o'clock this morning, business firm in Mcvirtually every had made deposits in the Alester National bank. The number First in equalled the of depositors of other persons seeking windows in the teller's department. Several of most prominent men of the community took posiof the bank and adtion outside the crowds, assuring them dressed that the resources behind the McAlester banks are adequate to protect The effects of these depositors. talks, considerable measure, tended to restore confidence.


Article from The Mercury, February 4, 1927

Click image to open full size in new tab

Article Text

FIFTH OKLA. BANK Crash McAlester Trust Co. Causes Failure of Pittsburgh Institution Oklahoma Okla., Feb. City, fifth bank southeastern Oklahoma as result failure this morning of the the McAlester Trust company was today the office of the nounced at state bank commissioner. the The Bank of Pittsburgh institution close. Like the fifth small banks involved, its other deposit with the serve funds were had McAlester Trust company, deposits at last year. Wadley's Husband Here. Betty Pleasant memories were revived the Mercury Wednesday visit from Guthning by Kansas City, traveling agent for the Southern Pafreight railroad, and the man who took Betty Wadley, former of the former student, away from Manwife. The Guthries now are bery hapover their first baby, old boy. Miss Martha master of science of the college year zoology, has been appointed the school.


Article from Bristow Daily Record, February 4, 1927

Click image to open full size in new tab

Article Text

5 Banks Topple In Failure Of McAlester Bank Assets Tied When McAlester Trust Company Fails to Open for Business Run On Other Bank National Institution Is Hard Pressed. But Stand Heavy Withdrawals of fifth bank southeastern sult of the failure this morning of the Trust today at the office state banking The bank of Pittsburg was the fifth Like the small banks involved reserve on deposit with the Vlester Trust pany had deposits $67.the close year. Five bank examiners were to take charge the banks that closed their result of the the Mc Alester Trust company, the parent bank. The other four institutions are the company, the Bank of North the State bank and Coalgate bank of commerce. Frozen by the pression in cotton caused the run on the Vlester Trust company was by Waldo sioner Reserve funds of the other three banks were on deposit with the trust company he said. The four institutions showed total deposits of nearly $2,500.000 when the state bank call was issued December Deposits of the Alester Trust company to taled the Wapanucka bank $22,000 bank $135000 the North ter $65000 Ernest, and Charles the aminers who have been assigned take charge of the failed insti- Both the Vlester Trust and the Bank of North Mc. Alester business this morning The the State bank Hartshorne and the Bank of Krebs, According financial statement that will be issued mediately the affairs of the MeAlester are such that the banks will re-open in the very The deposits of the two MeAlester institutions approximately two million dollars. Capital stock of the Trust company was $125,000 and the North MeAlester bank capitalization, $15.Banking conditions here caused furore excitement and when the First National bank. the only remaining bank in the city ened at o'clock run started. Depositors and spectators gathered in big throngs an hour before doors opened. Ample on hand assured to stem the Before 10:30 o'elock this mornpractically every business in Alester had made deposits in the First National bank. The number of depositors in line equalled the number of other per. seeking windows in the department. Several of the most prominent men of the munity took position outside of the bank and addressed the crowds. assuring them that the resources behind the Me Vlester banks are adequate protect deThe effect of these talks, considerable measure, tended to restore confidence prevailing found Morrison company


Article from Okmulgee Daily Democrat, February 4, 1927

Click image to open full size in new tab

Article Text

BUSINESS MEN RALLY TO SAVE NATIONAL McAlester Trust Company Failure Forces Small Institutions Under; Hope To Reopen RUN IS WITHSTOOD Deposits of Merchants Offset Withdrawals At Remaining Bank, Officials Say CITY, Feb. fifth bank southeastern sult of the failure this morning of the McAlester Trust company was announced today at the fice of the state banking commissioner. The Bank of Pittsburg the fifth Institution close. Like other small banks reserve funds were posit with the Trust company. had deposits the close last year Examiners Sent Five state bank enroute take banking that their doors the result the the parent bank. The other the McAlester Trust Bank of North Wapanucka bank Coalgate Bank Frozen assets caused pression cotton the the said assistant sioner. three banks the trust Deposits The total deposits when state bank Issued December the Trust the and North ter Kelly Ernest Charles aminers charge of the failed tions. the Bank North suspended business morning. The recent suspension the State Bank Hartshorne and Bank of Krebs. said. According financial ment. that issued Immedi the affairs the that banks will in the very Run On Remaining Bank The deposits the million dollars. Capital the Trust and North capitalization, Banking conditions here caused furore excitement and when the First National bank, the spectators gathered big throngs hour before doors opened. Ample hand assured to stem crisis, Business Men Rally Before practically every the First bank. The number line equalled the number sons seeking department most prominent munity took the bank addressed the assuring them that the resources behind the banks adequate protect depositors, The effects these talks considerable tended restore confidence.


Article from Muskogee Times-Democrat, February 4, 1927

Click image to open full size in new tab

Article Text

SHUTDOORS OF PAIR AT M'ALESTER Directors Claim Frozen Credits; Run on Third Bank Narrowly Averted OKLAHOMA CITY, Feb., 4Closing of a fifth bank in southeastern Oklahoma as a result of the failure this morning of the McAlester Trust company was announced today at the office of the state banking commissioner. The Bank of Pittsburg was the fifth institution to close. Like the other small banks involved, its reserve funds were on deposit with the McAlester Trust company. It had deposits of $67,000 at the close of last year. Five state bank examiners were enroute to take charge of the banking institutions that closed their doors as the result of a run on the McAlester Trust company, the parent bank. The other four institutions are the McAlester Trust company, the Bank of North McAlester. the State bank and the Coalgate Bank of Commerce. Caused By Cotton Slump Frozen assets caused by the depression in cotton caused the run on the McAlester Trust company, It was said by Waldo Watkins, assistant bank commissioner. Reserve funds of the other three banks were on deposit with the Trust company. he said. The four institutions showed total deposits of nearly $2,500,000 when the state bank call was issued Deceme ber 31. Deposits of the McAlester Trust company totalled $2,200,000; the Wapanucka bank $22,000: Coalgate bank $135,000 and the North McAlester Institution $65,000. E. H. Kelly. W. Shofner, M. C. Thimble W. C. Ernest and Charles J Alexander are the who have been assigned to take charge of the failed NARROWLY ESCAPE "RUN" ON THIRD BANK Both the McAlester Trust company and the Bank of North McAlester suspended business this morning. The recent suspension of the First State bank of Hartshorne and the Bank of Krebs were contributing factors, It is said. According to a financial statement that will be issued immediately. the affairs of the McAlester institutions are such that the banks will reopen in the very near future, it is The deposits of the two institutions were approximately $2,000,000. Capital stock of the Trust company was $125,000 and the North McAlester bank capitalization was $15,000. Banking conditions here caused a furore of excitement and when the First National bank, the only remainIng bank in the city, opened at o'clock run started. Depositors and spectators gathered in big throngs an hour before the bank's doors were (See Number Two On Page Two)


Article from Pawhuska Journal-Capital, February 4, 1927

Click image to open full size in new tab

Article Text

FIFTH BANK IN SOUTHEASTERN OKLAHOMA FAILS Failure of McAlester Trust Company Brings About Failure of Bank of Pittsburgh. RUN ON BANK Only Remaining Bank at McAlester Withstands Heavy Run. OKLAHOMA CITY. Feb. 4, Closing of a fifth bank in southeastern Oklahoma as a result of the failure this morning of the McAlester Trust Company, was announced today at the office of state banking commissioner. The bank of Pittsburg was the fifth institution close. Like the other small banks involved its funds were on deposit with the McAlester Trust Co. It had deposits of $67,000 at the close of last year. Five state bank examiners were enroute to take charge of the banking institutions that closed their doors the result of run on the McAlester Trust Co., the parent bank. The other four institutions are the McAlester Trust Company, the Bank of North McAlester, the Wapanucka State bank and the Coalgate Bank of Commerce. Cotton Depression Frozen assets caused by the depression in cotton prices caused the run on the McAlester Trust Company, it was said by Waide Watkins, assistant bank commissioner. Reserve funds of the other three banks were deposit with the trust company, he said. The four institutions showed total deposits of nearly $2,500,000 when the state bank call was issued December 31. Deposits of the McAlester Trust Company totaled the Wapanuca bank $22,000; the Coalgate bank $135,000; and the North McAlester institution $65,000. E. H. W. Shofner, M. Thimble, W. Ernest and Charles Alexander the examiners who have been assigned to take charge (Continued on Page 3)


Article from Evening Star, February 5, 1927

Click image to open full size in new tab

Article Text

OKLAHOMA BANKS UNDER SUPERVISION Examiners in Charge of Five, Due to Run on Parent Institution. By the Associated Press. McALESTER, Okla., February 5.Five banks serving the Oklahoma coal field territory, with deposits estimated at $2,500,000, today were under the supervision of State bank examiners as a result of a run yesterday on the McAlester Trust Co., the parent institution. Waldo Watkins, assistant bank examiner. attributed the closing of the trust company to frozen assets caused by a slump in cotton prices. This, he said, tied up the reserve funds of the other institutions, forcing a suspension of business. Banks affected besides the parent institution, are the Bank of North McAlester, the Wapanucka State Bank, the Coalgate Bank of Commerce and the Bank of Pittsburgh. Although depositors began to draw money from the First National Bank of McAlester, most of the withdrawals stopped when the bank met all demands and customers then started to redeposit funds. A new double violet, with excep-tionally large petals, has been named after Princess Mary of England.


Article from The Californian, February 5, 1927

Click image to open full size in new tab

Article Text

BANK OPENS WITH MARINES ON GUARD McALESTER. Okla., Feb. 5 With three marines armed with machine guns standing guard. the first National Bank of McAlester opened for business today-the only active banking institution in McAlester. Bank officials and citizens were generally optimistic over ability of the institution to with stand a heavy run caused by the closing of the $2,000,000 McAles ter Trust Company, the bank of North McAlester and other small banks in this vicinity yesterday.


Article from The Oklahoma News, February 5, 1927

Click image to open full size in new tab

Article Text

MARINES GUARD STATE BANK On Hand to Prevent Trouble At McAlester Feb. Three Mathe bank today when opened for The bank its business the run Friday the failure of the McAleater Trust deposits and Bank and nearby excitement was The placed rioting crowds in The regular


Article from The Cushing Daily Citizen, February 5, 1927

Click image to open full size in new tab

Article Text

WITHSTANDS RUN Marine Guard Place At First National To Keep Order; Money Supplied Institution Feb. Withstanding heavy run caused by the closing of the $2,000,000 McAlester Trust company and affiliated banks Friday. the First National bank McAlester effected regular Saturday noon closing without trouble, and marine guards posted as precaution were dismissed. The marines, it was disclosed. were dispatched from Kansas City last night with shipment of reserve funds to the surviving bank. McAlester was quiet today and the mine elements of the area were described untroubled. Officials described the FAst Na. tional as in good shape, with twice the amount deposited as that withdrawn.


Article from The Sacramento Bee, February 5, 1927

Click image to open full size in new tab

Article Text

Marines Guard Only Bank Left In Oklahoma Town M'ALESTER Feb. (United three marines armed with machine guns standing guard the First National Bank McAlester opened for business today-the only active banking institution McAlester. Bank officials and citizens were optimistic over ability of the institution to withstand caused by the closing of the $2,000,000 McAlester Trust Company, the Bank of North McAlester and other small banks this cinity yesterday.


Article from The Chickasha Daily Express, February 5, 1927

Click image to open full size in new tab

Article Text

First National Bank Says Ample Funds Available to Prevent Financial Crisis: Receive Big Money Shipment. (By McAlester. Feb. funds the First National Bank here today to stem the tide financial crisis that yesterday after the closing of the McAlester company and the Bank of North McAlester. shipment of money arrived from the Federal Reserve Bank in Kansas City. Guarding the money was detachment of United States marines today are on duty the Bank The crowd of panicky depositors eager to withdraw their money from the First National this morning was much smaller than that of yesterday when an all dry run made the bank. The excitement believed to have spent its force. Closing the two institutions here resulted in the closing of three other smaller banks this section the state. The Trust company was parent bank the other four institutions.


Article from Abilene Reporter-News, February 5, 1927

Click image to open full size in new tab

Article Text

FIVE BANKS IN FAIL OPEN Failures Follow Heavy Run Made On Trust Company Associated Press Five state bank examiners tonight were enroute to Southeastern Oklahoma to take charge of the five banking that closed today the result of on the McAlester Trust Company, parent depository. The other institutions the Bank of North Wapanucka State Bank, the Coalgate Bank of and the Bank of Pittsburgh. Frozen assets due to depression in prices caused run the McAlester Trust Company, Waldo Watkins, assistant bank said. He explained reserve funds of the other banks were deposit the trust company. Total deposits of more than were shown by the banks when the state call was issued December 31. The state had deposits in nearly all of the failed institutions, but Colonel R. Sneed, state treasurer, said tonight that will lose nothing.


Article from The Register, February 5, 1927

Click image to open full size in new tab

Article Text

Marines Guard as Bank Faces Run Okla., Feb., marines, armed machine the First National Bank McAlester, opened business today, only banking institution McAlester. Bank officials citizens generally optimistic ability the institution heavy caused the closing of $2,000,000 Alester Trust company, the Bank North McAlester and other small banks in this cinity, yesterday.


Article from The Frederick Leader, February 5, 1927

Click image to open full size in new tab

Article Text

MARINES ON GUARD AS M'ALESTER February Withstanding heavy run caused by closing of the McAlester Trust and affiliated company banks Friday, the First National bank of McAlester effected regular Saturday noon closing without trouble and marine guards posted as a precaution were dismissed. McAlester, February With three marines with machine guns standing on guard, the First National bank of McAlester opened as usual today with very few withdrawals. Officials and citizens were generally optimistic over ability of the institution to withstand heavy run, caused by closing of the McAlester Trust company, the bank of North and other small banks in McAlester territory yesterday. The First National bank of MeAlester is the only open banking institution.


Article from The Enid Daily Eagle, February 5, 1927

Click image to open full size in new tab

Article Text

FUNDS TO WARD OFF RUN ON BANK Shipment Of Money For McAlester Guarded By Marines -Ample funds are in the First National bank here today to stem the tide of financial crisis that threatened yesterday after the closing of the Trust company and the Bank of North McAlester shipment of money arrived from the federal reserve bank Kansas City. Guarding the money detachment of United States marines today are duty at the bank and post office. The crowd panicky depositors eager withdraw their money from the First National this morning was much smaller than that of yesterday when day run was made the bank. The believed spent its force. Closing the two institutions here resulted the closing of three smaller in this section the The McAlester Trust company the parent bank of the other institutions.


Article from The Hartshorne Sun, February 10, 1927

Click image to open full size in new tab

Article Text

MRS. MARY JONES DIES AT OKMULGEE Mary E. Jones, 62, wife Elder Jones, this died city, the hospital in Okmulgee, February 4th. Mr. Jones had been meeting Okmulgee for some and while there contracted very severe attack influenza. Mrs Jones rushed to his bedaide at once and after days she, also, contracted the flu. She was taken the hospital in Okmulgee everything that medical aid could was done for her. But, alas, that horrible distoo much for she was numbered with the thousands of other flu victims have down in their battle for life. Four times within the last months this family circle has been broken by death. Each families called. Surely this family to the sympathy of their many friends and associates Hartshorne where they. have resided for about years. The brought to Halleyville No. 44, the same train which the other three of the family. all of whom died at other points were brought here for burial local passenger train. Funeral services hald at the Church of Christ last Saturday being Elder Oscar Hayes followed Cametery She survived husband Elder Jones, Elmer Jones Oolagah, Elzy Jones Beggs, and her daughter, Mrs. Bertha Holmes Hartshorne, besides host of friends mourn her death, THE BANK Since the First State Bank here open the morning January the 14th, six other banks the county have followed, namely: Indianola, the Bank Krebs, The McAlester Trust Company, the North Bank, the Pittsburg, and the Bank The the Trust Company carried down bank at Wapanucka Coalgate. the Trust Company at ter failed to open doors last day, the run which had been on this for two days, was First National Bank, but bank got sufficient funds to meet the rush and by noon Saturday the run was over. there now ported normal. rumored the McAlester Trust Company open again, soon after books completed, which is expected finished within day two The miners here pay two since the closing here business conditions have improved. AT THE CRITERION Monday and Tuesday, "You Never Know Women," with Florence Vidor Lowell Sherman and Clive Brook from the story "The Great Illusion,' by Ernest Vaja. Thursday Flood," with Harlan Viola Dana. Here thrills, action, everything. Plot laid up in the great north country lumber Also "Wild very funny comedy Friday, an star cast supporting another chapter "Fire Fighters," also Saturday Fred Blue Strenk Western Universal thriller, One Man Game," and two reel comedy GOVERNOR NEW HIGHW Tuesday Governor Johnston sent new list names to the senate for confirmation of the state highway They are follows: Henry W. Leininger, democrat, Lawton, for chairman. Charles Carter, congressman, democrat, Jesse democrat, county comJohn G. Parker, republican, banker, G. Jones, republican, banker, former list sent to the senate was not all being turned that The the entire list


Article from Shawnee News-Star, February 16, 1927

Click image to open full size in new tab

Article Text

Comment The Alester Trust Must Reopen (McAlester Guardian) Out of the maze of tanthe city the is one outstanding and that is that The McAlester Trust company MUST No contingency can be That should suffer the either of two pillars in the First National bank of The company is abbeyond the admission anycounty, and, say half counties to It simply Since the Trust closed and community has had inventory the funcfilled the wide efforts carry industry the basic interests of the county. and, particularly, farming. been universal judgcommunity must have the open and operating. realized that banks are their And to allow stronger state bank of this of the state to go down would that the communto function: that itself had failed fundamental is true. We We this not the section of which McAlester the center 18 the southeast Oklahoma, of key diversity interests and vigor of resources that have all along been matter of comment to the investor it is common knowledge that all western communities that not manufacturing centers, have had hard pull since the war. Many had meet readjustment with of business conditions that agonizing. McAlester had to go through the same period of readjustment, but due largely to the constructive work of the men back of the McAlester Trust company cries in banking circles averted Twice McAlester faced the outlook of bank failure, just hit Shawnee. OkmulHugo, other points. Moreover, had failures come at that time, the results would have been far more serious than now. That they were staved off was due in no small way to the big suspended bank and such Berry ter and Melvin Cornish. This not saying that others did not aid. but brunt of was borne by the McAlester Trust. and through six years has worked vigilantly tide the interest of the whole commun-


Article from Shawnee News-Star, February 16, 1927

Click image to open full size in new tab

Article Text

NOW GO ON WITH THE STORY CHAPTER XX said AnasFolsom no more time First have you the slightest idea of any whom consider responsible for my brother's 'No. haven't. except to say that any one near him in the ocean that might be the "But we can't hale to court all the that We must get at some other way perhaps logical way through the "Now that's remark Of the tive. And just what any want kill my Why. Garret was the best man in the The finest the kindest, dear lady make all "Now, for the of an affectionate but you mustn't idealize the true Every one him will tell you the He was man Titus Riggs had heard much about Garrett Folsom since the unfortunate And it WOULD have tided over believe, had not been for lying tongues and carriers things that started the run on the bank Now that run over what started neither here nor there, an immediate factor The big thing to save the bank the community. and let its functions as great big brotherly institution, go forward There no question that this will be done MUST be done To fall to reopen The McAlester Trust company working institution would failure to propcrly re-establish community credit that might reflect in tightening of outside on innumerable concerns of the not with the bank but affected by the outside that McAlester's community credit had fallen below Restore the bank and let it forward side by side its community institution. the First bank and McAlester demonstrated that still bravely through any financial What more and MOST IMPORTANT: the bank reopened as functioning bank and not as liquidating agency. every man with enough entitle him spect of his fellows, will, if he owes the bank. strain nerve meet his obligation to the tion would not likely assume otherwise We repeat, the McAlester Trust MUST and every interest that McAlester and this big section of southeast Oklasincerely, will see the months make this good old end of the state blossom the rose death and of what he had was greatly at variance with his Yet he felt about disturbing her ideals too rudely So only stands to Miss Folsom, somebody must looked upon your brother less than Unless Mr. Foleye was killed by mistake. "Do you think that probable?" "Frankly don't Though possible if find out the truth we can't depend on imaginings vague suppositions. We must get down to facts. To true evidence and proved testimony "That's and Anastasia's face brightened. "But, far as can see, have no evidence and no testimony any account. "That's pretty nearly true First all, what about the man. Ross? Is he absolutely unsuspectable? Absolutely wish, in one way, suspect Ross. mean would way to But he be logical fault He is possibly terly respectable and quiet-lived: has always been to Garrett's and in all respects, the with no handed ulterior "Does he gain anything from Mr Folsom's "There bequest to him of thousand But would tempt him to murder his mas. ter. happen to know Ross has account of his good-sized My brother gave him generous salary, and paid all his penses, clothes and No. Ross had nothing to motor gain by Garrett's death and much to "What about other servants? "They are all our home in Chi- "They receive bequests under Mr. Folsom's will?" three do. But they are small legacies. Oh, the servants the question. benefit by the will?" "Only Mr my and Mr. Roger Neville. each get about one-third of Garrett's estate. as exclude you because you your and exclude because you tell me he was in New York at the that leaves only Mr. to be discussed What about him?' can't believe Roger Neville killed no reason to think he that one the things we must you the man did kill him some one and for some req. wanted put him out of the Now, no reason for Roger Neville death, yet that side of it must be looked into. "She suspects Neville," Tite Riggs or himself. he "That's right, Miss Folsom. We must from every angle. your brother any romance life? Especially any unhappy to my knowledge,' she replied. after hesitation "He have had. again, is may certainly I'm Mr. Folsom was no way financially embarrassed or wanting for money. "He positively not He had plenty of late had had fortune some that had, or about bring in an im- of was mense All things you can you investigate his find but way does think it was not lie enemy or some miserable who killed him in of petty revenge or imagined spirit injury. "Was was Mr Folsom to your knowledge am not hesitate speak frankly to me So far know he was that but been. way, may Innocent men are I've no doubt. "They surely are. So must try trail think Mr every has traveled hasn't Folsom "Yes, and he had lately spent three abroad. He back time. "Then, for all we this tragedy may be the trouble that happened while he was abroad.' "It may be. But that seems to render and Anastasia looked deeply "Oh, maybe not. That may help


Article from McAlester Democrat, April 14, 1927

Click image to open full size in new tab

Article Text

Gus Enloe Found Dead, Apparently From Own Hand The city of was shocked to its center Friday afternoon by reports that (Gus) Enloe the best known men East Side of the state and leading citizen of McAlester, had been found dead from apparently inflicted by his own hand. Mr. Enloe had been in health poor for the past year, and had also undergone strain due to financial difficulties growing out the here the modern hotel, The Enloe, and the final crash of the McAlester Trust Company, in which he was probably the heaviest depositor Worry over this combination, believed, was the cause of his tragic Friday afternoon he is said to remarked to Mrs. Enloe that was going out "to walk around the block, When he did not return within time, she grew uneasy and asked their son, Peyton, to search for him. The body apparently dead for some time, was found in the servant's quarters' near the A gaping bullet-wound garage. told the mute story of death coroner's inquest was to be held Friday evening. Mr. Enloe had been prominent in the political affairs of Oklahoma and came family prominent the public life of his native state, Tennessee. He survived his wife and two sons, Kirk and Peyton Enloe. He was about 50 years of age.