18216. Security State Bank of Stilwell (Stilwell, OK)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
September 15, 1930
Location
Stilwell, Oklahoma (35.815, -94.629)

Metadata

Model
gpt-5-mini
Short Digest
24df5cdd

Response Measures

Full suspension, Books examined

Description

Multiple contemporaneous articles (Sept 16, 1930) report a heavy run that occurred the previous day and that the bank failed to open its doors on Sept 16. State bank examiner took charge and $12,000 was brought from Fort Smith to reinforce assets; reorganization was said to be underway. No article reports a reopening or permanent receivership, so outcome is uncertain.

Events (2)
1. September 15, 1930 Run
Cause Details
Articles report a heavy run but do not give a specific trigger (rumor, correspondent failure, or bank-specific scandal not mentioned).
Measures
Cash in the sum of $12,000 was brought from Fort Smith to reinforce the bank's assets; state bank examiner took charge; reorganization under way.
Newspaper Excerpt
heavy run on the institution yesterday
Source
newspapers
2. September 16, 1930 Suspension
Cause Details
Bank failed to open following the heavy run; suspension (closure of doors) ordered/took place and examiner took charge.
Newspaper Excerpt
failed to open its doors this morning following heavy run yesterday. V. D. Markham, state bank examiner, who took charge, said reorganization was under way.
Source
newspapers

Newspaper Articles (9)
1. September 16, 1930 Okmulgee Daily Democrat Okmulgee, OK
Article from Okmulgee Daily Democrat, September 16, 1930

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Article Text

STILWELL BANK'S DOORS ARE CLOSED STILWELL Okla. Sept. 16. Security State bank of Stilwell failed to open its door this morning following heavy run on the institution yesterday. V. D. Markham, state bank examiner, who took charge. said reorganization was under way. Cash in the sum of $12,000 was brought to the bank from Fort Smith, Ark., to reinforce the bank's assets. Charles Hughes is president and A. Carlson, cashier. Machines in a watch factory will cut screws with 589 threads to an inch. These threads are invisible to the eye and it takes screws to make pound.

2. September 16, 1930 Henryetta Daily Free-Lance Henryetta, OK
Article from Henryetta Daily Free-Lance, September 16, 1930

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Article Text

BANK CLOSES DOORS (By Associated STILWELL, Okla., Sept. Security State Bank of Stilwell failed to open its doors this morning followheavy run on the institution terday. state bank examiner, who took charge, said a organiaztion was underway Cash in the sum of $12,000 brought to the bank from Fort Smith, the assets. Charles president and

3. September 16, 1930 The Tulsa Tribune Tulsa, OK
Article from The Tulsa Tribune, September 16, 1930

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Article Text

Autumn Upturn in Market May Not Be Sharp Experts Advise Against Further Accumulation of Long Holdings EDITOR'S NOTE written daily them you for they are By THE WALL STREET NEW YORK. Sept. (INS) were under pressure from the first tap of the opening gong to the closing minutes of trading Monday The volume of transactions was small only about 1,500,000 shares and extended from to points with the Standard Statistics average down points for the industrials for the utilities and points for the 90 stocks The drop in wheat prices 80 cents bushel for the first time since coup of the communists in Ger many and the failure of indications of business to appear on the horizon, set the stage for new attack on values by the profes sionals most whom are on the selling side of the market caution acquisttion of corporation stocks for ininduced by the tardiness of the recovery in steel copper, oil and other important industries The imression is growing that the seasonal autumn recovery in trade will be inoderate in degree and that significant of ity must postponed until after the turn the In view of these facts. we can do no better at this time than to quote the conclusion arrived at by one of the foremost statistical agencies of the country In brief its are that there is little in the situation to encourage further of long stock holdings at the time that additions to lines of common stocks tan well be postponed. pending either more favorable price els. or more encouraging business news; that caution in the stock market is dictated by the numerous factors which have not yet been out GENERAL FOODS The entrance of bank. ing interest into this company's management augers well both for the continued future expansion of this important food unit and the term market fluctuations of the stock Earnings continued to show consistent with the. results for the first half year equal to $2.01 per share, against 89 in the like period 1929 The frosted food process, which in considered to hold vast potentialities for future income is being favorably in the many outlets where has tried Capitalization of General Foods consists solely stock upon which regular $3 vidend is now being paid a return of slightly more than per cent at current M'KEESPORT TIN PLATE Market attention finally shifting from the liberally priced pivotal to less spectacular issues are valued on price earnings basis McKeesport Tin Plate has shown outstanding strength the recent reactionary trend and the at quoted at than probable for this year Net income for the first half trust equalled per share against $3.61 in the like period of 1929. Full showing for the year expected to approximate $10 per share The stock is basis lined of $4 annually $1 in have already been paid thus far year affording a return of close to 6 per cent. STILWELL BANK CLOSED STILWELL OK Sept The Security State Bank of Stilwell failed to open its doors this run D. Markham bank examiner who took réorganization was under Cash in the sum of was brought to the bank from Fort Ark the bank's Charles Hughes is president and A. Carison

4. September 16, 1930 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, September 16, 1930

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Article Text

WITHDRAWALS CLOSE BANK AT STILWELL Sept. Security State bank of Stilwell failed Its door this open following heavy run the ham. state examiner, took said reorganization under way Cash in the of $12,000 brought to the bank from Fort Smith, Ark., to reinforce the bank's assets.

5. September 16, 1930 The Ponca City News Ponca City, OK
Article from The Ponca City News, September 16, 1930

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Article Text

BANK CLOSED HEAVY RUN Stillwell, Sept. Security State bank of Stilwell failed its door this open erly ing heavy run the course ham, state bank examiner, and took charge, said reorganization under Cash the of brought the bank from Fort Smith, that reinforce the bank's assets. Hughes president and Carlson, cashier.

6. September 16, 1930 The Daily Times-Democrat Wewoka, OK
Article from The Daily Times-Democrat, September 16, 1930

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Article Text

$12,000 In Cash Fails To Save A Bank From Closing STILWELL, Sept. 16. (P)-The Security State bank of Stilwell failed to open its doors this morning follwing heavy run yesterday. C. D. Markham, state bank examiner who took charge, said a reorganization was under way. Cash in the sum of $12,000 was brought to the bank from Fort Smith. Arkansas. Charles Hughes is president and A. Carlson. cashier.

7. September 16, 1930 The Ada Evening News Ada, OK
Article from The Ada Evening News, September 16, 1930

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(/P)-A civil suit filed in 1924 against M. J. Otey formerly financial secretary of Oklahoma A. and M. college. Stillwater, and his bondsmen. which grew out of a shortage in college funds of $133.000 has been dismissed. Dismissal was ordered by W. M. Pugh. Duncan, district judge in Oklahoma county district court. The sustained motion to dismiss charged lack of prosecution. In the original prosecution in Payne county 465 separate counts were cited against Otey. In the trial of the first case it was held that all but one of the counts were incorrect. Assistant Attorney General J. H. Lawson said. Otey was convicted on one charge. which involved approximately $1,700. The case was reversed by the criminal court of appeals and at the second trial the district court sustained a demurrer to the charge. The state then filed action in attempt to recover the purported shortage. COMPLAINT HEARD OF IMPORTED COTTON PICKERS OKLAHOMA CITY. Sept. (P) Complaint that cotton pickers for work in fields of southwestern Oklahoma were being recruited from federal employment offices at Fort Worth and Dallas was made today by W A. Murphy, state labor commission- "Truck loads of laborers have been sent from the two Texas cities into southern counties of Oklahoma the past three weeks for the cotton harvest.' Murphy reported. "We feel sure it is because these Oklahoma farmers do not know that there is a surplus of cotton pickers in nearly every southwestern county he said. Questionnaires to determine the supply and demand of labor were sent from the state labor office today. MARRIAGE LICENSE ISSUED TO JAKE HAMON'S DAUGHTER KANSAS CITY, Sept. 16-(P) Olive Belle Hamon, daughter of the late Jake L. Hamon and musician known on the vaudeville stage as Loma Worth. and Roy David Gatewood of St. Joseph. Mo., obtained a marriage license here last night. Their intention to marry became known when the couple could not be found this morning by Mrs. John Worth. the widow of Hamon. republican national committeeman from Oklahoma slain several years ago. Gatewood had chartered passage on a passenger airplane to Omaha but cancelled It before the plane left late this morning. The couple was reported to have rented an automobile After performance late yesterday Miss Hamon and Gatewood went to the marriage license bureau and found it closed. Later they called at the home of Joseph W Corder, county recorder. and applied for the li- HEAVY RUN FORCES BANK TO CLOSE DOORS The Security State bank of Stilwell failed to open its door this morning following a heavy run on the institution yesterday. C. D. Markham. state bank examiner, who 100k charge. said a reorganization was under way. Cash in the sum of $12,000 was brought to the bank from Fort Smith, Ark., to reinforce the bank's assets. Charles Hughes is president and A. Carlson. cashier. Mr. and Mrs. S. M. Baublits visited Sunday in IcAlester in the home of Mr. and Mrs. C. F. Haworth. Miss Katreen Low and Miss Lizabeth Haden have returned to Ada after a week-end visit in the home of Miss Haden parents, Mr. and Mrs. A. S. Haden in McAlester. State department officials today denied a rumor that Ambassador Morrow had been injured in an autoniobile accident near Mexico City. The denial followed a long distance call to the United States embassy there.

8. September 17, 1930 The Times Shreveport, LA
Article from The Times, September 17, 1930

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Article Text

Stillwell, Okla., Bank Will Be Reorganized Stilwell. Okla., Sept. 16 (P).-The Security State bank of Stilwell failed to open its door Tuesday morning following a heavy run Monday. C. D. Markham. state bank examiner who took charge, said reorganization was under way. Cash in the sum of $12,000 was brought to the bank from Fort Smith, Ark., to reinforce the bank's assets. Charles Hughes is president and A. Carlson, cashier.

9. September 17, 1930 Seminole Producer Seminole, OK
Article from Seminole Producer, September 17, 1930

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OVER THE STATE A civic committee consisting of representatives of the Rotary, Lions and Civitan clubs has made arrange ments for the purchase of school books for all needy children of Wewoka. Capt. James Shipp of the Salvation Army will investigate all Citizens of Drummond celebrated the rebuilding of the business dis trict with "New Drummond" day Saturday The business section burned down last spring and has been replaced with modern brick structures. More than 2,000 visitors attended the celbration. The Security State bank of Stil. well failed to open its door Tuesday following a heavy run on the ham, state bank examiner, who took rge, said a reorganization is under way Cash in the sum of $12,000 was brought to the bank from Fort Smith to reinforce the bank's assets. Charles Hughes is president and A. Carlson, cashier. An inviation to Sir Thomas Lipton to attend the international petroleum xeposition at Tulsa next month was dispatched Tuesday by exposition and city officials. consitutional amendment providing for $15,000,000 in short term notes to be used for higway construction, was approved Tuesday by Attorney General J. Berry King. Leslie P. Ross of Lawton Tuesday advised the state election board that he has withdrawn as an indeThe ballot title for a proposed pendent candidate for United States His withdrawal leaves three independents seeking the office at the November electcion. They are J. C. Walton, former Democratic governor; Edward D. Evans' of Mooreland and Thomas P. Hopley, Enid. The southeastern division of the Oklahoma Education association will hold its annual meeting in Durant on Oct. 30, 31 and Nov. 1, Dr. B. F Pettenge, dean of the college of education, Universtiy of Texas, and John Vaughan, state superintendent of schools, will be the principal speakers on the program. A home-made demonstration terracing machine, has been constructed by County Agent G. M. Parker and Assistant Agent J. W. Downs. The terracer is built of native wood and scrap iron and can be constructed in half a day by any farmer, according to Downs. The cost is a mere trifle compared to manufactured terracing machines. Cordell high school will play the majority of its football games at home under floodlights. Construetion of the equipment get the field in shape for playing after dark has started and the first nocturnal engagement is expected to be held on Oct. 10, when Carnegie will come there for a game. Approximately $61,550 was spent during the summer in Beckham county for construting new rural school buildings, installing new equipment and building additions on and making a check of the county superintendents records revealed. A posse of police officers and citizens searched two days in the vicinity of the Blacakwell city library recently before they finally killed a lone squirrel that ran wild in the neighborhood. However, the animal was not killed until after he had bitten at least seven or eight people. More turnips have been planted in Adair county recently than at any time within the last ten years according to growers. Turnips housed properly earth mounds, will keep all winter and can be taken out for feed as needed, growers say C. W. Mosley, representative of Russell and Axon of St. Louis, Mo. has started survey to determine if the citly of Vinita could successfully operate R municiual electric light plant