20844. Night and Day Bank of Memphis (Memphis, TN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
August 14, 1911
Location
Memphis, Tennessee (35.150, -90.049)

Metadata

Model
gpt-5-mini
Short Digest
a5f4aaab

Response Measures

Full suspension

Other: Receiver later appointed; initial closing announced as temporary reopening but became suspension/insolvency leading to receivership.

Description

Multiple contemporaneous articles (Aug 14–16, 1911) report publication that President E. L. Hendry was a fugitive, which caused a run and led to the doors being closed with an announcement the bank would reopen. By late September 1911 a receiver is referenced for the Night and Day Bank of Memphis (the Sept. 26 article notes a receiver for Memphis and that the Memphis concern was suspended). Sequence: run in mid‑Aug 1911, subsequent suspension and receivership by Sept 1911. Causality: the initial run was triggered by adverse bank‑specific news (president wanted as fugitive).

Events (3)

1. August 14, 1911 Run
Cause
Bank Specific Adverse Info
Cause Details
Publication that President E. L. Hendry was a fugitive from Oklahoma; news of arrest warrant prompted depositors to withdraw.
Measures
Doors were closed temporarily; announcement that the bank would reopen the next day.
Newspaper Excerpt
Publication of the fact caused a run on the bank, and the doors were closed with the announcement that it would reopen to-morrow.
Source
newspapers
2. September 1, 1911* Suspension
Cause Details
By late September the Memphis bank is described as suspended and a receiver (D. A. Frayzer) is referenced; exact trigger for suspension (insolvency/irregularity) is not fully detailed in the Memphis articles but insolvency/irregularity is alleged in connected reporting.
Newspaper Excerpt
The Little Rock bank, it is alleged, is a debtor of the suspended Memphis concern.
Source
newspapers
3. September 26, 1911 Receivership
Newspaper Excerpt
Upon the petition of D. A. Frayzer of Memphis, receiver for the Night and Day bank of that city, Chancellor Martinau appointed William Lewis receiver for the Night and Day bank of Little Rock this afternoon. The allegations are insolvency and irregularity in the Institution. The Little Rock bank, it is alleged, is a debtor of the suspended Memphis concern.
Source
newspapers

Newspaper Articles (6)

Article from New-York Tribune, August 15, 1911

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Article Text

BANK PRESIDENT ARRESTED E. L. Hendry, of Memphis, Charged with Being a Fugitive. Memphis, Aug. 14.-E. L. Hendry, president of the Night and Day Bank of Memphis. formerly connected with a banking institution in Oklahoma City, was arrested to-night on a warrant charging that he is a fugitive from Oklahoma. Publication of the fact caused a run on the bank, and the doors were closed with the announcement that it would reopen to-morrow.


Article from Albuquerque Morning Journal, August 15, 1911

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Article Text

MEMPHIS BANKER EVADES SERVICE OF WARRANT Memphis, Tenn., Aug. 114-E - L. Hendry, president of the Night and Day Bank of Memphis, formerly connected with a bank in Oklahoma City, is being sought tonight on a warrant charging that he is a fugitive from Oklahoma. Publication of the fact that Hendry was wanted, caused a run on the Night and Day Bank and early tonight the doors were closed with the announcement that the bank would re-open tomorrow morning.


Article from Alexandria Gazette, August 15, 1911

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Article Text

NEWS OF THE DAY. Fatal injury of two firemen, slight hurts to four park employes, and a loss estimated at $250,000 were the results of a fire which started in the kitchen of the clubhouse at Chester Park, an amusement resort at Cincinnati, last night. Joseph B. Harris was killed in his home near Picken, Randolph county, W. Va., Sunday night by his 14-yearold son. Harris, it is said, came home from town in an intoxicated condition and commenced to abuse the children. The boy interfered and his father. becoming enraged, began to maltreat the boy and his mother. Young Harris then seized an axe and split his father's head wide open, death following immediately. The boy has not been ar rested by the authorities, who do not think such a course is justifiable. He is regarded in the light of a hero than as a murderer. By a vote of 241 to 128 the British House of Commons yesterday passed a resolution appropriating $1,260,000 for the payment of members' salaries for the coming year. The action was taken pursuant to the resolution passed August 10 providing for an annual salary of $2 000 for each member. This is a radical departure from the principle of gratuitous public service which bitherto prevailed. E. L. Hendri, president of the Night and Day Bank of Memphis, formerly connected with a banking institution in Oklahoma City, is being sought on a warrant charging that he is a fugitive from Oklahoma. Publication of the fact caused a run on the bank and early last night the doors were closed with the announcement that the bank would reopen today. By flying the 286 miles from St Louis to Chicago with only two intermediate stops and in an actual flying time of 5 hours and 43 minutes yesterday, Harry N. Atwood, of Boston, believes he has set a pace which will result in his establishing a new record on his flight by aeroplane from St. Louis to New York and Boston.


Article from The Midland Journal, August 18, 1911

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Article Text

Bank President a Fugitive. Memphis, Tenn.-E. L. Hendri, president of the Night and Day Bank of Memphis, formerly connected with a banking institution in Oklahoma City, is being sought on a warrant charging that he is a fugitive from Oklahoma. Publication of the fact caused a run on the bank and the doors were closed with the announcement that the bank would reopen Tuesday.


Article from Martinsburg Herald, August 19, 1911

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Article Text

Warrant For Bank Head. Memphis, Tenn., Aug. 16. - E. L. Hendry, president of the Night and Day Bank of Memphis, formerly connected with a banking institution in Oklahoma City, is being sought on a warrant charging that he is a fugitive from Oklahoma. Publication of the fact caused a run on the bank and the doors were closed, with the announce ment that It would reopen.


Article from The Birmingham Age-Herald, September 27, 1911

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Article Text

Receiver Appointed Little Rock, Ark., September 26.-Upon the petition of D. A. Frayzer of Memphis, receiver for the Night and Day bank of that city, Chancellor Martinau appointed William Lewis receiver for the Night and Day bank of Little Rock this afternoon. The allegations are insolvelley and irregularity in the Institution. The Little Rock bank, it is alleged, is a debtor of the suspended Memphis concern.