1.
May 7, 1925
Henryetta Daily Free-Lance
Henryetta, OK
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HUGO BANKS CLOSED TODAY
By Associated HUGO, May Hugo Nation. al banks failed to open for business today. The Hugo State Bank and the Liberty State Bank of: Soper, a town west of here were closed by order of 0. B. Mothersead, state bank commissioner in connection with the closing of the national institution. Officials of the national bank attributed their difficulties to the refusal of the federal bank at Dallas to handle paper of the First National bank which merged with the Hugo National bank two years ago. Depositors/in the two closed banks include a number of the leading bus iness concerns of the city, The closing was unexpected.
OKLAHOMA May The Hugo Satte bank was closed today by O. B. Mothersead, state bank commissioner, as a precaution against a run, he said. The bank has no connection with the Hugo National bank which failed to open this morning. "While Dhad ground to close the state bank, it has not failed,' Mothersead said. "The bank had insufficient reserve cash to withstand a run and ordered it closed precaution." Mothersead said the Liberty State bank of Soper, which Be also ordered closed today, has the same directorate as the Hugo National.
2.
May 7, 1925
Bartlesville Examiner-Enterprise
Bartlesville, OK
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State Bank Commissioner Orders Hugo State Bank and Liberty Bank at Soper Closed Today
HUGO, Okla., May Hugo National Bank failed to open for business here today. The Hugo State Bank and the Liberty State Bank Sopher, town west of were closed by order of Mothersead in connection with the closing of the national institution. Officials of the national bank attributed their difficulties to the refusal the federal reserve bank Dallas to handle paper of the First National bank, which merged with the Hugo National bank years The City National transacted business today It was said that had sufficient cash to pay all depositors necessary. Depositors the two closed banks include number of leading concerns of the city. The closing was unexpected.
OKLAHOMA CITY. May Hugo State Bank was closed today Mothersead, state bank commissioner. precaution against run. The bank has no connection with the Hugo National Bank, which failed open this morning "While had grounds to close the State bank. It has not failed." Mothersead said. "The bank had insufficient reserve cash withstand and ordered closed precaution Mothersead said the Liberty State Bank of Sopher which he also ordered closed today, has the same directorate the Hugo National
3.
May 7, 1925
The Daily Ardmoreite
Ardmore, OK
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NATIONAL BRINGS BANKS TO RUIN
Fails to Open Doors and As Result Hugo State and Liberty Banks are Ordered Closed.
FEDERAL RESERVE REFUSES PAPER
Banks Reported Closed as Precaution Against Threatened Run.
Hugo National bank failed to open for business Thursday. The Hugo State bank and the Liberty State bank of Sopher, town west of here, were closed by order of Oscar Mothersead, state bank commissioner, in connection with the closing of the national institution. Officials of the bank attributed their difficulties to the fusal of the federal bank at Dallas to handle of paper the First Na. tional bank which merged with the Hugo National bank two years ago. Depositors in the two closed banks include number of the leading ness concerns the The closing unexpected.
To Prevent Run OKLAHOMA Hugo State closed Thursday by order Mothersead as caution against run he bank had connection with the Hugo National bank which failed open this While had ground to close the state bank it had not Mothersead "The bank has insufficient cash to withstand run and ordered closed Mothersead Mothersead said the Liberty State of Sopher ordered closed on the same ground as the Hugo National
4.
May 7, 1925
The M'Alester News-Capital
McAlester, OK
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THREE BANKS ARE CLOSED: NATIONAL OF HUG0 IS CAUSE
HUGO, Hugo National bank failed to open for business day. The Hugo state bank and the Liberty State Bank of Sopher, town west of here, were closed by order of Mothersead pection with the closing of tional Officials of the national bank tributed their difficulties the fusal the federal reserve bank Dallas to handle paper First National bank. which merged with the Hugo National bank two years ago. The City National bank Hugo transacted business today usual. that ficient cash to pay off all depositors necessary Depositors in the two closed banks include number the leading business concerns of the city, The closing was unexpected.
Run Was Expected Hugo State bank was closed today by Mothersead, state bank comagainst run, he said. The with the Hugo National Bank, which failed to open this morning. had grounds to close the state bank, it has not failed, Mothersead said "The bank had insufficient reserve eash to with stand run, and ordered it closed as precaution. Mothersead said the Liberty State bank of Sopher, which he also dered closed today. has the same directorate as the Hugo national
5.
May 7, 1925
The Guthrie Daily Leader
Guthrie, OK
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STATE BANK SAVES SMALLER BANK
Oklahoma City, May The bank Wash closed day by state bank The bank has no connection with the Hugo National bank which failed to open this morning have grounds close the state bank has bank had Insufficient reserve cash to withstand run and ordered closed as precention." Mothersond said. The Liberty Sto bank of Sopher, which he also ordered closhas the directorate the Hugo National,
6.
May 7, 1925
Muskogee Times-Democrat
Muskogee, OK
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Two Hugo Banks Ordered Closed; One Act As Precaution Against Run
CLOSING ACTION IS SOPER INCLUDED
Hugo National Fails to Open for Business and Mothersead Orders Others Closed
Associated Press Hugo bank failed for busiThe Hugo State ness bank and the Liberty State bank of Soper, town here. closed by connection with the closing of the national Officials the national bank tributed difficulties to the the federal bank fusal Dallas paper the First the National Hugo bank The City National bank of Hugo usual It said that had sufficient cash all necessary pay the two closed banks Depositors include number of the leading busiconcerns the city. The closing unexpected
CLOSED AS PRECAUTION AGAINST "RUN" May 7.-The Hugo State bank closed today by he said. against connection with the bank has no National which to Hugo this morning the had had insufficient run. and ordered precaution. the Liberty State which he also ordered bank has same directorate today, as the Hugo
7.
May 8, 1925
Blackwell Journal-Tribune
Blackwell, OK
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Two Hugo Banks Close Their Doors
Okla., May Hugo National bank failed to open for business here The Hugo State Bank and the Liberty State Bank of Soper, town west of here closed by order of B. Mothersead in connection with the closing of the national institution. The Hugo State Bank was closed by O. B. Mothersead, state bank commissioner, as precaution against run, he said. The bank with the Hugo National Bank which failed to open had grounds close the has not failed, Mothersead said "The bank had fficient ordered it closed precaution, Mothersead said the Liberty State Bank of Soper, which he also ordered closed today, has same directorate as the Hugo National Officials the national bank attributed their difficulties the refusal the federal reserve bank at Dallas to handle paper the First National Bank, which merged the Hugo National Bank two The City National Bank of Hugo business today as It was said that had sufficient cash to pay off all depositors if Depositors in the two closed banks include number of the leading business concerns of the city, The closing was unexpected.
8.
May 8, 1925
The Parsons Daily Sun
Parsons, KS
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To Avoid Run On Bank
OKLAHOMA CITY. Okla., May The Hugo State Bank was closed today by O. B Mothersead. sinte bank commissioner, as precaution against a run, he said The bank has no connection with the Hugo National Bank which failed to open this morning Mothersead said the Liberty State Bank. of Soper. which he also ordered closed today. has the
9.
May 8, 1925
Tulsa World
Tulsa, OK
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STATE STOPS PROBABLE RUN
Bank Commissioner Acts to Forestall Loss to State Institutions
PRECAUTION IS TAKEN
Hugo National Officials Say Difficulty Due to Action of Bank at Dallas the Associated By HUGO. May Hugo National bank failed to open for business here Thursday The Hugo State bank and the Liberty State bank of Soper, a town west of here were closed by order of O. B. Mothersead in connection with the closing of the national institution. Officials of the national bank attributed their difficulties to the refusal-of the Federal Reserve bank Dallas to handle paper of the First National bank, which merged with the Hugo National bank two years ago The City National bank of Hugo transacted business B.H usual It was said that had sufficient cash to pay off all depositors if necessary Depositors in the two closed banks include a number the lending business concerns of the city. The closing was unexpected.
CLOSED TWO BANKS AS MATTER OF PRECAUTION OKLAHOMA CITY, May 7.-The Hugo State bank was closed Thursday by B. Mothersead, state bank as precaution against run, he said. The bank has no connection with the Hugo National bank, which failed to open Thursday morning "While had grounds to close the state bank, It has not failed. Mothersend said. "The bank had Insufficient reserve cash to withstand a run. and ordered It closed as precaution. Mothersead said the Liberty State bank of Soper, which he also ordered closed has the same directorate as the Hugo National
10.
May 8, 1925
Miami News-Record
Miami, OK
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BANKS CLOSED
Action Taken to Avert Run After One Bank Also Affected.
HUGO, Okla., May, Hugo National bank failed to open for business here today. The Hugo State bank and the Liberty State bank of Soper, town west of here, were closed by order of O. B. Mothersead in connection with the closing of the national institution. Officials of the National bank attributed their difficulties to the fusal of the federal reserve bank at Dallas to handle paper of the First National bank, which merged with the Hugo National bank two years ago. The City National bank of Hugo transacted business today as usual. It was said that it had sufficient cash to pay off all depositors if necessary. Depositors in the two closed banks include a number of the leading business concerns of the city. The closing was unexpected.
OKLAHOMA CITY, May 7.-The Hugo State bank was closed today by O. B. Mothersead, state bank commissioner, as a precaution against a run, he said. The bank has no connection with the Hugo National bank, which failed to open this morning. "While had grounds to close the state bank, it has not failed," Mothersead said. "The bank had insufficient reserve cash to withstand a run and ordered it closed as a precaution. Mothersead said the Liberty State Bank of Soper, which he also ordered closed today, has the same directorate as the Hugo National.