Arkansas National Bank (Hot Springs, AR)

Episode Information

Episode UID
283201013
Episode Type
Run Only
Bank Type
national
Bank ID
28320 national
Charter Number
2832
Start Date
May 27, 1884
Location
Hot Springs, Arkansas (34.504, -93.055)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4729ba8229ee5b36

Response Measures

Public signal of financial health

Events (2)

1. December 5, 1882 Chartered
Source
historical_nic
2. May 27, 1884 Run
Cause
Rumor Or Misinformation
Cause Details
Run triggered by reported absence of the bank president (rumors about President Andrew Brunon/Brown).
Newspaper Excerpt
A run has commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition.
Source
newspapers

Newspaper Articles (10)

Article from The Portland Daily Press, May 28, 1884

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FINANCIAL. More About the Grant Failure. Individual Assignments of the Grant Brothers. NEW YORK, May 27.-Individual schedules in the assignments of Frederick D. Grant and Jesse R. Grant to James McNamer were filed to-day. The schedules of Frederick D. Grant show the following statement. The debts and liabilities amount to $2,215,066 made up as follows: Creditors other than preferred, $820,000; preferred, $243,966; contingent liabilities, $10,000; par value of securities borrowed from Grant & Ward, $1,140,800; assets nominally worth $1,990,013; actually unknown. Schedules in the assignment of Jesse R. Grant show debts and liabilities to the amount to $95,429 and assets nominally worth $131,950; assets actually worth unknown. Jesse Grant makes an affidavit as to the cause of the difference between the nominal and actual value of the assets and says he is unable to state the actual value of the assets and monies because Grant & Ward's property is in the hands of an assignee and receiver and no schedules have been made showing the assets of the firm. United States District Attorney Root lodged a warrant for the arrest of Ferdinand Ward at the Ludlow street jail to-night on complaint of Bank Examiner Scriba who charges that Ward aided and abetted President James D. Fish in misappropriating the funds of the Marine Bank. Donnell, Lawson & Simpson, the brokers who failed in the recent panic, will probably soon resume as most of their creditors have accepted a proposition made by the firm and the assets are being rapidly converted into available funds by the assignee. The Metropolitan Bank. A meeting of the Metropolitan bank directors was held this morning. The president stated that the deposits had diminished about $9,000,000 since the suspension, but show no further diminution this week. George J. Seney to-day in consideration of $350,000 transferred to the Metropolitan national bank 137 paintings in his residence, No. 4 Montague Terrace, Brooklyn. Run Upon an Arkansas Bank. HOT SPRINGS, May 27.-The Hot Springs national bank closed its doors to-day owing to a run on the bank caused by the reported absence of President Andrew Bruon. The liabilities are $40,000. A run has commenced on the Arkansas national bank of Hot Springs which is understood to be in good condition. There is great excitement. The Peun Bank's Affairs. PITTSBURG, Pa., May 27.-The directors of the Penn bank have been making an examination of its accounts to-day and find one with D. Wilson & Co., which shows over checking to an extent of $240,000. No such firm is known in this city aud it is supposed to represent accounts of a number of persons lately operating on the wrong side of the oil market and who have been ailowed to draw to the extent named. The account of a prominent oil dealer was found to be overdrawn $97,000. These two accounts represent $7,000 in excess of the entire capital and surplus of the bank. Cause of Suspension of Strong's Bank. GREENBAY, Wis., May 27.-The cause of the suspension of Strong's bank here yesterday is stated in the following note left by president Henry Strong who departed for the Eas Saturday night "owing to the failure of several banks in this vicinity last winter, and the general demoralization of financial matters lately and also owing to some villainous reports circulated about our own bank, our deposits have greatly decreased 80 that in the last three or four months we have had to pay out over $100,000. Feeling that we cannot convert the assets rapidly enough to meet the demand for money we deemed it best in justice to all to close the bank and wind up its affairs." The belief exists generally that depositors will not meet with much loss. The directors find that the assets amount to about $350,005, and liabilities to $340,000.


Article from Eureka Daily Sentinel, May 28, 1884

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state further that the account of a prominent oil dealer was overdrawn $97,000. These two accounts of overdraft are in excess of the entire capital and surplus of the bank. The directors have appointed a committee of employes, as experts, to go over the books and report as speedily as possible. The Grants Assignment. NEW YORK, May 27.-Individual schedules in the assignment of Federick D. Grant and Jesse R. Grant to James McNamee were filed in the court to-day. The schedule of Frederick D. Grant shows the following debts. The liabilities amount to $2,215,066, made up as follows: Creditors other than preferred, $820,300; creditors preferred, $243,966; contingent liabilities, $10,000; par value of securities borrowed from Grant & Ward, $1,140,800; assets, nominally. worth $1,990,013, actual worth unknown. Among the creditors preferred are Ulysses S. Grant, 5,000; Mrs. Fred D. Grant, $6,000; no security. The schedules in the assignment of Jesse R. Grant shows debts and liabilities of $95,429, and assets, nominally, $131,950. Prentice Teller Pleads Guilty. ST. LOUIS, May 27.-When the case of Prentice Teller, the express robber, was called in the Criminal Court this morning, his attorneys pronounced themselves as ready to proceed. The indictment was then read to the prisoner, and he was asked to plead. To the astonishment of the Court, Teller answered without & moment's hesitation, "Guilty, Your Honor." There was s sensation succeeding this, but presently Judge Van Wagoner turned in his chair and ordered the prisoner to rise, and be sentenced him to five years' imprisonment in the penitentiary. This is the full penalty of the law for grand larceny. The Condition of Tilden. NEW YORK, May 27.-Yesterday a correspondent called at Greystone for the purpose of verifying the report printed in & morning paper regarding the health of Mr. Tilden. After waiting & few minutes in the reception room. Mr. Tilden himself came in unannounced. He said that the report of his failing health was a pure fabrication and utterly without foundstion; that his health at present was better than it had been at any time during the past year, and that he had merely run down to Greystone for & few days to personally oversee some improvements that he is making on the place. He said further that he expected to return to Gramercy Park to-morrow. Received a Life Sentence. DETROIT, May 27.-David Stone, & halfwitted uncle of a little girl six years old, Lulu Dick, was arrested last week on suepicion of having outraged and murdered her. He was taken into the Court without public knowledge and sentenced to the State Prison for life. He was then put into a close carriage and driven across the county to Jackson, where be arrived early this morning. Extraordinary provisions were taken on account of the intense feeling at Hillsdale, to avoid lynching him. A Crank. BELLE PLAIN, Iowa, May 27.-Samuel Dunlap shot his wife three times and then cut his own throat. Deceased was highly respected. sober and industrious, and financially well situated. The motive for the rash act is unknown. He was about 35 years of age. He leaves four children, the oldest 13 years old. His wife is still living, with but little prospect of recovery. Another Bank Closed. HoT SPRINGS, Ark., May 27.-The Hot Springs National Bank closed its doors, owing to a run on the bank, caused by the reported absence of the President, Andrew Bruon. The liabilities are $60,000. A run was commenced on the Arkansas National Bank, Hot Springs, which is understood to be in good condition. There is great excitement. Jack Morris Surrenders. MILES, M. T., May 27.-Jack Morris, the cowboy who shot Iron Heart, the Cheyenne chief, has surrendered. He claims that he acted in self-defense. The Indians threaten to take to the warpath. Women and children are coming in from the outlying ranches in great alarm. 150 People Injured. CHATHAM, Ont., May 27.-During the holiday games to-day the grand stand collapsed, and 150 people were injured, several seriously, but no fatal results are feared. The injuries consisted of broken arms, legs and ribs. Some were injured internally. Lincoln Reported Killed. NEW YORK, May 27.-A false rumor was circulated here, and probably in the other cities this morning, that Secretary Lincoln had been killed. The Secretary was at his desk in the War Department to-day in his usual health. Condition of President Riddle. PITTSBURG, Pa., May 27.-President Riddle slept fairly last night, and this morning was sufficiently recovered so as to enable his friends to remove him to his residence. Change of Climate. Old settlers in Nevada do not believe


Article from The Wheeling Daily Intelligencer, May 28, 1884

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AN ARKANSAS BANK Closes Its Doorn After the Flight of the President. HOT SPRINGS, ARK.. May 27.-The Hot Springs National Bank closed its doore today owing to a run caused by the reported absence of President Andrew Brunon. Liabilities $40,000. A run commenced on the Arkansas National Bank, of Hot Springs, which is understood to be in a good condition. This afternoon a warrant was issued in Hot Springs for President Brunon's arrest, charged with falsifying the bank's accounts, but he could not be found. One of the directors telegraphed that the bank's assets properly handled will pay all depositors without assessment, but leave the stockholders nothing. The Arkansas Valley Bank is all right. It has been learned that Brunon arrived in Little Rock Friday, but WAR nutseen by his acquaintances until to-day, when he had bade good-bye to a woman named Steele, who went north in the afternoon. Brunon is married, but the Hot Springs Gazitte BAYB it has been discovered that he became infatuated with the woman and abandoned his wife for her. No effort was made here for his arrest.


Article from The Democratic Leader, May 28, 1884

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A Rumor Causes a Run. HOT SPRINGS, Ark., May 27.-The Hot Springs National bank closed its doors to-day owing to a run on the bank caused by the reported absence of President Andrew Brown. The liabilities are $40,000. A run has also commenced on the Arkansas National bank, which is understood to be in good condition. There is great excitement.


Article from The Semi-Weekly Miner, May 28, 1884

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Runs on Banks. HOT SPRINGS, May 27.-The Hot Springs National bank closed its doors, owing to a run on the bank caused by the reported absence of President Andrew Bruon; liabilities, $40,000. A run has commenced on the Arkansas National bank, Hot Springs, which is understood to be in good condition. Great excitement prevails.


Article from Daily Los Angeles Herald, May 28, 1884

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Prentice Teller Pleads Guilty and in Sentenced to Five Years in the Penitentiary. ST. LOUIS, May 27.-When the case of Prentice Teller, the express robber, was called in he Criminal Court this morning his attorneys pronounced them. selves ready to proceed. The indictment was then read to the prisoner and he was asked to plead. To the astonishment of the Court Teller answered with a moment's hesitation, "Guilty, your Honor." There was a sensation succeeding this, but presently Judge Van Wagoner turned in his seat and ordgred the prisoner to rise and then sentenced him to five years' imprisonment in the penitentiary. This is the full penalty of the law for grand larceny. Tilden Interviewed-His Health Excellent. NEW YORK, May 27.-Yesterday a visit was made to Greystone for the pur pose of verifying a report printed in this morning's papers regarding the health of Mr. Tilden. After waiting a few min. utes in the reception room Mr. Tilden himself came in unannounced. He said that the report of his, failing health was a pure fabrication and utterly without foundation. That his health at present was better than it had been at any other time during the past year, and that he had merely run down to Greystone for a few days to personally oversee some improvements that he is making on the place. He said further that he expected to return to Gramarcy Park to-morrow. The Crash in Hot Springs. HOT SPRINGS, Ark, May 27.-The Hot Springs National Bank closed its doors owing to a run on the bank caused by the reported absence of President Andrew Bruon. Their liabilities are forty thousand The run commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition, There is great excitement. False Report About Lincoln, NEW YORK, May 27.-A false rumor was circulated here and probably in other cities this morning that Secretary Lincoln was killed. The Secretary is at his desk in the war department to-day and in his usual health.


Article from The Salt Lake Herald, May 28, 1884

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Bank Breaks. Hot Springs, 27. - The Springe National Bank closed its doors, owing to the run on the bank caused by the reported absence of President Andrew Brown. Liabilities, $40,000. A run has commenced in the Arkansas National Bank, Hot Springs, which is understood to be in good condition. Great excitement.


Article from The Daily Enterprise, May 29, 1884

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THE LATEST NEWS. J. E. Simmons has been nominated president of the New York, Stock Exchange. Princess Elizabeth, of Hesse, has been married to Prince Leopold, the hereditary prince to the throne. A boiler in Moore & Wilson's paper mill at Waterford, N. Y., exploded killing several persons. At Charleton the Steamer Pilot Boy, Goldsmith's warehouses and a large quantity of cotton were burned. Loss, $100,000. The bill to forfeit the land grant along uncompleted portions of the Northern Pacific has been reported favorably in the senate. Abner Davidson, aged 20, Minnie Paltridge, aged 17, and Mary Mortor, aged 12, were drowned while boating on Grand river, Ontario. A run was commenced on the Arkansas National Bank of Hot Springs, which is understood to be in a good condition, There is great excitement. Mrs U.S. Grant has sold the house on Corcoran street, Washington, which wasin her name, to Jno. R. McLean, editor of the Cincinnati Enquirer, for $65,000, The Hot Springs, Ark.. National Bank closed its doors owing to a run on the bank, caused by the reported absence of the President, Andrew Bruon. Liabilities $40,000. At Hillsdale, Mich., David Stone confessed having outraged and murdered his neice six years old. He was sent to prison for life, escaping thus easily because he was half-witted. Col. C.B. Waning, who keeps picnic grounds at Dutch Kilns, near Long Island City, shot his brother-in-law, George E. Freund, instantly killing him. There was no apparent provocation.


Article from The Austin Weekly Statesman, May 29, 1884

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A BANK CRASH. The Pe ple of Hot Springs Startled by a Financial Flurry. LITTLE ROCK, May 28.-The Demcrats Hot Springs special says the Hot Springs National bank had closed its doors owing to a run on the bank caused by the reported absence of President Andrew Brown. Liabitities $400,000. A run also commenced on the Arkansas National bank at Hot Springs, which is understood to be in good condition. Great excite. ment prevails at Hot Springs. LITTLE ROCK, May 27.-This after noon a warrant was issued in Hot Springs for the arrest of President Bruons, charged with falsifying the bank's accounts, but he could not be found. One of the directors telegraphed the bank assets properly handled, will pay all depositors without assessment, but leave the stockholders nothing. The Arkansas Valley bank is all right. It has been learned that Bruon arrived at Little Rock last Friday, but was not seen by any acquaintances until to-day. when he bade good-bye to a woman named Steele, and went north on the afternoon train. Bruon is married, but the Hot Springs Gazette says it has been discovered that he became infatuated with another woman and abandoned his wife for her. No effort was made here for his arrest.


Article from Weekly Phoenix Herald, May 29, 1884

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FIRST MESSAGE. ROCKPORT. Mass., May 28-The first message by the commercial cable was received at Rockport yesterday afternoon. AN ARKANSAS BANK CLOSED. HOT SPRINGS, Ark., May 28-The Hot Springs National Bank closed its doors yesterday, owing to a run on the reported absence of the President, Andrew Brown. Liabilities, $40,000. A run has commenced on the Arkansas National Bank, at Hot Springs, which is understood to be in good condition. Great excitement.. WILL RESUME. NEW YORK, May 27.-The West Side bank claims that it will shortly resume. Nothing is known of the whereabouts of the defaulting teller, Hinckley,