White County Bank - Beebe, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 31, 1893
Location: Beebe, Arkansas (35.071, -91.880)

Metadata

Model: gpt-5-mini
Short Digest: dfdbfa30

Response Measures

None

Description

Multiple contemporaneous newspaper notices (late May/early June 1893) report the White County Bank at Beebe was placed in the hands of a receiver and its doors were closed with liabilities of about $20,000–$25,000 and 'scarcely any assets.' There is no mention of a depositor run prior to the suspension; the action described is a receivership/closure for insolvency.

Events (2)

1. May 31, 1893 Receivership

Newspaper Excerpt: BEEBE, Ark., May 31.-The White county bank is in the hands of a receiver. Many local depositors, mostly poor men, suffer losses.
Source: newspapers

2. May 31, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank insolvent or nearly insolvent; liabilities (~$20,000–$25,000) with scarcely any assets, leading to receivership.
Newspaper Excerpt: The White county bank at Beebe was placed in the hands of a receiver this afternoon. The liabilities are $25,000, with scarcely any assets to meet them.
Source: newspapers

Newspaper Articles (6)

1. June 1, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, June 1, 1893

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Article Text

A Liss of Failures ALBANY, Or., May 31.- The firm of Ison, Lanning & Co., proprietors or the Red Crown flouring mills, was placed in the hands of a receiver today. The liabilities of the arm are $70,000 and the assets $50,000. The property of the individual members is valued at $78,000. DENVER, Colo., May SI.-The firm of Schon & Chase, proprietors of the Hotel Brunswick, made a general assignment this morning. The assets are between $27,000 and $28,000, and the total liabilities about $19,000. ST. JOSEPH, Mo., May 31.-The wholesale lumber firm of Muthleisen & Company filed an assignment at midnight. The liabilities are esti. mated at $150,000. BEEBE, Ark., May 31.-The W hite county bank is in the hands of 14 It's ceiver. Many local depositors, mostly poor men, suffer losses.

2. June 1, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, June 1, 1893

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Scarcely Any Assets. LITTLE Rock, Ark., May 31.-The White county bank at Beebe was placed in the hands of a receiver this afternoon. The liabilities are $25,000, with scarcely any assets to meet them.

3. June 8, 1893 The Green Forest Tribune Green Forest, AR

Article from The Green Forest Tribune, June 8, 1893

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Article Text

THE WEEK'S NEWS IN BRIEF. MANY INCIDENTS REDUCED FROM COLUMNS TO SHORT, SPICY PARAGRAPHS. Everything Eliminated But Facts For the Special Convenience of Readers of The Tribune. THE Midland Tobacco Company of Kansas City, Mo., has assigned. THE total attendance at the World's in May was 1,077,233, a daily average of 38,000. THE Government officials have no fear that cholera will gain a foothold in the United States. THERE is still a heavy drain on the gold reserve, and has now reached the lowest point yet. DIRECTOR," SCHWAB claims that the Fair made over $250,000 in May and will do better inJune. in the treasury is now at THE lowest gold point the resumption the reached since of specie payments. THE Kentucky State Building at the World's Fair was formally opened and dedicat ed last Thursday. CATTLEMEN have invaded the Cherokee Outlet again The War Department has been notifled to expel them. THERE was a general shaking up in the Pension Office. a number of charges being made in important places. FOR the first month of the World's Fair the attendance and receipts have not been what the directors hoped for. EDWIN BOOTH is gradually sinking and while he may not die soon his physician says that he will not again rally AT Virginia, Minn, last Saturday eight tons of dynamite and glant powder exploded, wrecking several houses. AT Barva, in Russia, Prince Bargram and Prince Mustagha quarreled and fought duel in which both were killed. AT the Y. M. C. A. anniversary in Boston, Oliver Wendell Holmes was present and read poem written for the occasion. THE Plankinton bank, of Milwaukee, closed its doors Thursday and made an assignment due to the recent Lappen failure. THE United Presbyterian General Assembley has fluished its labors at Monmouth, Ill., and will meet next year in Oregon. FARMER JOHN HUGHES near Guthrie, O.T., dug up skeleton and near it was $1,500 in old coins and a large amount in bills. ON the Chicago market Friday cash wheat and July wheat touched the lowest points ever known and there was almost a panic. BIDS were to have been opened at the Treasury Department at noon Saturday for the Cherokee bond issue, but none were received. Miss CARRIE SMITH, daughter of the late confederate General E. Kirby Smith, has been appointed Postmistress at Swanee, Tenn. A PROBABLY successful attempt was made to assassinate 'Squire Knifin, the new Postmaster at Guernsey, this State, last week. ADVICES from members of the American commission state that there is little hope of a speedy conclusion of the Bering Sea arbitration. men are in jail at Russellville on of Deputy Marshal FIVE charge shooting Harrison who was not killed as stated in our last week's issue. ACCORING to evidence presented to the senatorial committee investigating the matter, the contract labor law is being flagrantly violated. THE name of Robert Lincoln is already being prominently mentioned in counection with the Republican presidential nomination in 1896. ON Friday morning a mob took Samuel Bush, who assaulted two women, from jail at Decater, III. and lynched him with littleshow of opposition. NEGOTATIONS have been successfully the cession to the to settlement of the surplus concluded opening for government Sioux lands and in South Dakota. COLONEL J. M. WEAVER, who fled from Van Buren in January, 1892, being an embezzler to the extent of $20,000 or more, has been caught in Pennsylvania. AT Aurora, Mo., the other day, Geo. Walsh was killed by a stroke from a billiard cue in the hands of C. M. Clark. The men had quarreled over billiard shot. THE valise of Louis Halberstadt of Napierville, III. who died in Brockville, Ontario, two years ago. was receutly sold for $2. It contained gas stock worth $107,000. DR. GRAVES, convicted of the murder of Mrs. Barnaby, by sending her at Denver a bottle of poisoned whisky, has been granted newtrial and released on $30,000 bail. THE White County Bank at Beebe * was placed in the hands of a receiver, Wednesdsy of last week. The liabilities are $20,000, with scarcely any assets to meet them. THE trial of Lizzie Borden, accused of the murder of her father and step-mother, was begun at Fall River, Mass., Monday The proceedings are being noted with all-absorbing interest. FOUR Mormon elders have mysteri. onaly disappeared in St. Clair county, Ala and it i a lieved that they were murdered by citizeu of the county who objected to their misiontrywork THE Presbyterian Assembley has, by majority, decided in favor of the appeals prosecutors of Dr. Briggs from the finding Presbytery of New York. thus finding the guilty of heresy.

4. June 8, 1893 The State Republican Jefferson City, MO

Article from The State Republican, June 8, 1893

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WEST AND SOUTH. MUTHLEISEN & Co., wholesale lumber dealers at St. Joseph, Mon failed for $150,000. THE town of Rosedale, Miss., was destroyed by a cyclone and five persons were killed and many hurt. A LARGE colony of Mohammedans will settle in Georgia. They have; through an agent, secured 25,000 acres of land in that state and the option upon as much more. ON account of the recent floods there were said to be 10,000 homeless and hunpeople in East Carroll. Moorehouse, gry West Carroll and Madison parishes in Louisiana, and the sufferings and privations they were undergoing were appalling. THE prohibitionists at Cheney, Kan, raided the saloons and hotel bars, destroying the fixtures and spilling the liquors. FLAMES destroyed the sugar refinery at Baltimore, Md., the loss being $1,000,000; insurance, $865,000. AT Jefferson Springs, Ark., John Wallace (colored) was lynched by a mob of his own race. He had assaulted Ida Warren, a 9-year-old colored girl. PROBABLY the oldest man in Ohio, Daniel Larkins, died in Bellevue, aged 107 years. FIRE at Columbus, O., destroyed the Case Manufacturing company and Neil wheel works plants: loss, $180,000. THE doors of the White county bank at Beebe, Ark., were closed. THE courthouse and seven churches at Smithland, Ky., were unroofed by a tornado. THE attendance at the world's fair during the month of May was 1,557,228 and the paid admissions numbered 1,077,233. TEN persons have meta tragic death at Indianapolis in less than ten months. JEFFERSON DAVIS' remains were reinterred in Holly wood cemetery at Richmond, Va. THE prohibitionists of Iowa in state convention at Des Moines made nominations as follows: For governor, B. O. Aylesworth, of Des Moines; lieutenant governor, J. C. Reed, of Delta: superintendent of public instruction, Miss Belle H. Mix, of Danville; supreme judge, J. A. Harvey, of Polk City: railroad commissioner, E. H. Gillette, of Des Moines. The resolutions favor woman suffrage, declare the liquor issue the paramount one, and denounce Sunday opening of the world's fair. BY a cave-in at the Ivanhoe tunnel Leadville, Col., three men were near killed, two others fatally and one seriously injured. IN Cincinnati the Victoria Cordage company failed for $400,000. THE oldest banking institution in Tacoma, Wash., the Merchants' national bank, has suspended payment temporarily with $900,000 liabilities and $1,000,000 assets. A CYCLONE wrecked many houses near Forest City, Ark., and Mrs. Thomas. a widow, and her 13-year-old daughter were instantly killed. THE doors of the Plankinton bank of Milwaukee were closed with liabilities of of $1,100,000. Continued withdrawal deposits was given as the cause. FIRE destroyed the Home brewery t and rice mill at New Orleans, causing a loss of $250,000. Thirty horses perished in the flames. FRED SARGENT shot and killed his wife at Battle Creek, Neb., and then fatally wounded himself. 1 IN collision with the steamer Corsica in Lake Huron an unknown schooner t was and all on board perished. a new S IN sunk Chicago counterfeit its two-dol0 lar treasury note has made appear- the t It is described as imitating b series ance. of 1891 and as bearing the check a letter "B," and the counterfeit siguatures of W. S. Rosecrans, register, and E. H. Nebeker, treasurer,

5. June 8, 1893 Warren Sheaf Warren, MN

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FIRE at Columbus, O., destroyed the Case Manufacturing company and Neil wheel works plants; loss, $180,000. THE doors of the White county bank at Beebe, Ark., were closed. THE courthouse and seven churches at Smithland, Ky., were unroofed by a tornado. THE attendance at the world's fair during the month of May was 1,557,228 and the paid admissions numbered 1,077,233. JEFFERSON DAVIS' remains were reinterred in Hollywood cemetery at Richmond, Va. TEN persons have met a tragic death at Indianapolis in less than ten months. THE prohibitionists of Iowa in state convention at Des Moines made nominations as follows: For governor, B. O. Aylesworth, of Des Moines; lieutenant governor, J. C. Reed, of Delta; superintendent of public instruction, Miss Belle H. Mix, of Danville; supreme judge, J. A. Harvey, of Polk City; railroad commissioner, E. H. Gillette, of Des Moines. The resolutions favor woman suffrage, declare the liquor issue the paramount one, and denoance Sunday opening of the world's fair. By a cave-in at the Ivanhoe tunnel near Leadville, Col., three men were killed, two others fatally and one seriously injured. IN Cincinnati the Victoria Cordage company failed for $400,000. THE oldest banking institution in Tacoma, Wash., the Merchants' national bank, has suspended payment temporarily with $900,000 liabilities and $1,000,000 assets. A CYCLONE wrecked many houses near Forest City, Ark., and Mrs. Thomas, a widow, and her 13-year-old daughter were instantly killed. THE doors of the Plankinton bank of Milwaukee were closed with liabilities of $1,100,000. Continued withdrawal of deposits was given as the cause. FIRE destroyed the Home brewery and rice mill at New Orleans, causing a loss of $250,000. Thirty horses perished in the flames. FRED SARGENT shot and killed his wife at Battle Creek, Neb., and then fatally wounded himself. IN collision with the steamer Corsica in Lake Huron an unknown schooner was sunk and all on board perished. IN Chicago a new counterfeit two-dollar treasury note has made its appearance. It is described as imitating the series of 1891 and as bearing the check letter "B," and the counterfeit signatures of W. S. Rosecrans, register, and E. H. Nebeker, treasurer. IN a fit of jealousy W. G. Morrow shot and killed Effie Baker at Greenville, Miss., and then fatally shot himself. AT Springfield, O., Martin Petritus fatally shot Mrs. Frank Wiethom because she would not leave her husband for him and then shot himself. THE doors of Potter's bank, the oldest bank in Paulding county, and heretofore considered one of the safest, were closed at Paulding, O. A CYCLONE spread death and destruction near Cotton Plant, Ark. The plantation of John Gazallo was left without a house of any kind standing. The width of the cyclone was about 1 1/2 miles. FIRE swept away the plant of the American Strawboard company at Lima, O., causing a loss of $300,000. A WASHOUT wrecked a mail train near Ridgeway, S. C., and the engineer and fireman were killed.

6. June 16, 1893 Iowa County Democrat Mineral Point, WI

Article from Iowa County Democrat, June 16, 1893

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John R. Bailey & Co, dealers in coal and wood at Toronto, Oht., have assigned. Liabilities, $60,000. Their largest creditors are United States coal dealers. A cyclone swept over Rosendale, Miss., on May 31. Two colored persons were killed and several other persons were injured. Twenty buildings were badly damaged. The United States Presbyterian general assembly decided to meet next year at Albany Ore., and the general committee on home missions at Portland, Oregon. The White County bank, of Beebe, Ark., is in the hands of a receiver. St. Louis and Memphis banks will lose heavily. Many of the depositors are poor men. John Stripp, a farmer living near Bloomington, I.e.1. was swindled out of $4,000 by bunko men. He loaned that sum on an alleged $50,000 stone quarrey for security. The Case Manufacturing company plant and the J. B. Neil Manufacturing company carriage furnishing works burned at Columbus, O. The loss is about $100,000. Lessile Bell was shot and killed on the road from Caseyville to Cardonia, Ind., by James Johnson. Bell is a prominent business man of Cardonia. The men were friends but had quarreled. Governor Flower of New York. who has left for Chicago is reported to have said: "The telephone and telegraph annihilate distance, and SO far as public business goes it makes little difference whether I am in Albany or Chicago."