Bank of Hazlehurst - Hazlehurst, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1914*
Location: Hazlehurst, Georgia (31.864, -82.599)

Metadata

Model: gpt-5-mini
Short Digest: 93d6e0d5

Response Measures

None

Description

Article (Americus Times-Recorder, 1914-02-13) reports the Bank of Hazlehurst was closed several days earlier after a $12,000 shortage developed; cashier G. F. Armstrong shot himself and a warrant for misappropriation had been sworn. No mention of a depositor run; closure appears to be a failure/suspension due to bank-specific shortages.

Events (1)

1. February 1, 1914* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Shortage of $12,000 discovered; cashier accused of misappropriating notes; cashier later shot himself and a warrant was sworn by a customer for misappropriation.
Newspaper Excerpt: G. F. Armstrong, cashier of the Bank of Hazlehurst, sent a bullet into his brain ... Armstrong's bank was closed several days ago, a shortage of $12,000 developing
Source: newspapers

Newspaper Articles (1)

1. February 13, 1914 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, February 13, 1914

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Article Text

BANK TROUBLES available cash The following editorial from the Alcerns and indiv bany Herald will be of interest to feeling of une readers of the Times-Recorder. insowith important much as the recent closing of the doors general fear tha of the Americus National bank is the a country-wide all-important topic of the day in AmerAnd yet, b icus: not the signs G. F. Armstrong, cashier of the panics. As a r Bank of Hazlehurst, sent a bullet into to detect the storms. and the his brain at his home yesterday when he saw the sheriff of the county apin ample time preaching to serve a warrant. Armagainst the dan continued blow strong's bank was closed several days ago, a shortage of $12,000 developing, firm or corpora but he had not been arrested up to in time of pani yesterday. The warrant was sworn banks are runn and will let ou out by a customer of the bank, who charged that Armstrong had misapprois absolutely ne priated notes left in the bank for colMost bank fail lection. honesty of their A son of Armstrong, W. 0. ArmSome, of course strong, is now in jail at Rentz, Ga, est mismanagen such cases are x charged with responsibility for a shortage in the Bank of Rentz, of ery one of the I which he was cashier. The bank is above seem to closed. dishonesty of S C. Hunter Raine, president of the held positions di Mercantile Bank of Memphis, Tenn As a rule, b is short $750,000 in his accounts, draw large sala and the bank regarded as one of the ly sufficient, bu strongest financial institutions in Tenfinancial institu nessee, is closed. salaries large er The Americus National Bank IS who receives closed because of losses, the extent "splurge." We of which is not yet definitely known. living, and the and though no arrests have been a man having a made, defalcations are hinted at. ready cash to extent which hi The Bank of Enterprise, Miss., failed to open its doors yesterday because It is easy to " of a shortage which developed unexcourse, pay it b Success or failu pectedly, and the newspapers have contained reports of a number of oth r a small shortag same result-th bank suspensions, most of them due to shortages of officers or employees, to make possibl during the last few weeks. was lost, or the or income. It When anything like an epidemic of bank suspensions is reported, it is in the bank emple life is promptl evitable that there should be a greater or less degree of uneasiness in the cloud of suspi public mind. In the more nervous tion with which communities, there is a drawing in of the penalty the