321. Bank of Danville (Danville, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 3, 1903
Location
Danville, Arkansas (35.054, -93.394)

Metadata

Model
gpt-5-mini
Short Digest
7343c3ef

Response Measures

None

Description

The bank suspended after its cashier absconded (early August 1903). Stockholders pledged funds and depositors were later paid about 90%, but by Sept 1903 the bank had been placed in the hands of a receiver, indicating permanent closure/receivership. No explicit depositor run is described.

Events (3)
1. August 3, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier P. A. Douglass mysteriously disappeared/absconded, prompting the bank to suspend on account of the cashier absconding and concerns about funds.
Newspaper Excerpt
No receiver has been appointed for the Bank of Danville... stockholders ... asking the court to take no action appointing a receiver until Friday, when they would be here prepared to pay off the depositors.
Source
newspapers
2. August 7, 1903 Other
Newspaper Excerpt
Stockholders of the Bank of Danville, whose cashier so mysteriously disappeared several days ago, give assurance that all depositors will be paid in full. The bank may resume business. The bank may resume business. The depositors of the Bank of Danville, which suspended on account of the cashier absconding, have been paid 90 per cent of their losses. The money was put up by the stockholders and the ex-cashier's mother.
Source
newspapers
3. September 4, 1903 Receivership
Newspaper Excerpt
P. A. Douglass, cashier of the Bank of Danville, which was recently placed in the hands of a receiver, and who mysteriously disappeared, is still missing.
Source
newspapers

Newspaper Articles (6)
1. August 7, 1903 The Forrest City Times Forrest City, AR
Article from The Forrest City Times, August 7, 1903

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Article Text

BRIEF MENTION. Gov. Davis has reappointed Mr. F. Rafter state mine inspector. James W. Hill, aged 55. a pioneer citizen of Eureka Springs, is dead. Four negroes met violent deaths within four miles of Prescott in one week. Floyd Ellis, who was shot by Bee Bates in Pope county, died of his wounds. Of the twenty-seven men to be released from the penitentiary during August, eight are white. A Mr. Dunn. agent for the Cudahy Packing company at Ashdown, was drowned while in swimming. Both the Choctaw and Iron Mountain report an unusually heavy freight traffic for this season of the year. Mrs. F. C. Dunbeck of Kansas City, who is visiting friends at Texarkana, was seriously injured in a runaway. William Duncan, while adjusting a pulley at a mill in Perry county, was caught in the belting and fatally injured. Richard Eaton was convicted at Lake Village of kidnaping and sentenced to nineteen years in the penitentiary. Mike Bouldin, an employee of the and Eastern railroad, was and seriously a DeQueen run over injured by hand car. J. A. Green, a Saline county farmer. was knocked from his wagon in a collusion with a Little ROCK street car and badly injured. The breaking of a drawhead caused a wreck on the Iron Mountain near Grady, in which two box cars and a flat car were demolished. Bob Ried, a colored laborer on construction work near Van Buren, fell from a hand car and was killed, the wheels crushing his skull. Louis and North which is run railroad, The St. projected Arkansas to through to Little Rock, has been completed to Marshall, in Searcy county. Work will begin in a few days on Cummins to run from railroad, the Varner, Linwood, and Eastern Jefferson county, to Watson, Desha county. Frank and Pin Williams, brothers, in Sevier county, were over Commissioner arrested by Sommerville bound at Texarkana on the charge of moonshining. W. Phillips, formerly manager of a fruniture W. Fort Smith house, embez- has been arrested, charged with zling funds of the company. Isaac G. Fisher has been re-elected of the branch normal colstate institution for principal lege, the the at Pine education of colored people located Bluff. Hubbard Heard. colored, one of the who broke jail at after two days and prisoners returned tired Batesville, surren- of be dered. stating that he was ing pursued. Jim Price, colored, of Hot Springs, a protracted spree a fatal dose of wound lowing up morphine. by Price swal- to on two previous occasions attempted take his life. A large number of newspaper men the state left Litue Rock in a special over on from the over 5th the Choc- other taw for a tour of Colorado and western points. The wife of G. Smith, a Pope county shot herself with a and died iber farmer, target gun instantly. small mind cal- III health had caused the woman's to become unbalanced. The governor of Alabama has honored the requisition of Gov. Davis for the return of D. P. Terry, late cashier of the Howard County Bank, under indictment for embezzlement. citizen of Conway claims to have a signal to prevent for this invented It A is claimed device collisions. that it will warn each train of the approach of another train from either direction. following Arkansas postoffices discontinued: have The been La Philadel- Crosse; phia, Izard county, mail to Wrye, Nevada county, mail to Prescott. These changes are effective August 15. The St. Francis levee board will introduce a bill at the next session of the legislature to appropriate $250,000 of state funds to be used in reclaiming valuable lands to be added to the state domain. Stockholders of the Bank of Dancashier so ville, whose mysteriously give asdisappeared several days ago, surance that all depositors will be paid in full. The bank may resume business.

2. August 7, 1903 Newport Weekly Independent Newport, AR
Article from Newport Weekly Independent, August 7, 1903

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Article Text

NO RECEIVER APPOINTED. Danville, Aug. 3.-No receiver has been appointed for the Bank of Danville. The matter was before Judge Wallace, when a telegram came from Mr. Morehead and Judge Duffie of Malvern, stockholders in the bank, asking the court to take no action appointing a receiver until Friday, when they would be here prepared to pay off the depositors. The matter of appointing a receiver was postponed until Friday. No information as to the whereabouts of Mr. Douglass, the missing cashier of the bank, has been received as yet. Mrs. M. J. Anderson, mother of the missing cashier, has given out an interview at Malvern in which she says: "My son's personal notes do not amount to fifteen thousand dollars, and he has real estate and other secuties sufficient to cover all he may owe the bank. It is not a fact that a receiver will be appointed, as the bank will meet all demands on it from any creditors, and the stockholders stand ready to put up whatever money may be needed for present and future demands. The stockholders all signify a willingness to stand by Douglass and are willing that he shall resume the management of the bank if he is alive and can be found."

3. August 8, 1903 The Van Buren Press Van Buren, AR
Article from The Van Buren Press, August 8, 1903

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Article Text

Gov. Davis has reappointed Mr. F Rafter state mine inspector. James W. Hill, aged 55, a pioneer citizen of Eureka Springs, is dead. Four negroes met violent deaths within four miles of Prescott in one week. Floyd Ellis, who was shot by Bee Bates in Pope county, died of his wounds. Of the twenty-seven men to be released from the penitentiary during August, eight are white. A Mr. Dunn. agent for the Cudahy Packing company at Ashdown, was drowned while in swimming. Both the Choctaw and Iron Mountain report an unusually heavy freight traffic for this season of the year. Mrs. F.C. Dunbeck of Kansas City, who is visiting friends at Texarkana was seriously injured in a runaway William Duncan, while adjusting a pulley at a mill in Perry county, was caught in the belting and fatally in jured. Richard Eaton was convicted at Lake Village of kidnaping and sen tenced to nineteen years in the penitentiary. Mike Bouldin, an employee of the DeQueen and Eastern railroad was run over and seriously injured by a hand car. J. A. Green, a Saline county farma er, was knocked from his wagon in collusion with a Little ROCK street car and badly injured. The breaking of a drawhead caused a wreck on the Iron Mountain near Grady in which two box cars and a flat car were demolished Bob Ried, a colored laborer on construction work near Van Buren fell from a hand car and was killed the wheels crushing his skull. The St. Louis and North Arkansas railroad, which is projected to run through to Little Rock, has been com pleted to Marshall, in Searcy county Work will begin in a few days on the Varner, Cummins and Eastern railroad, to run from Linwood Jef ferson county, to Watson, Desha coun ty. Frank and Pin Williams, brothers arrested in Sevier county were bound over by Commissioner Sommerville at Texarkana on the charge of moonshining W. W. Phillips, formerly manager of a Fort Smith fruniture house, has been arrested, charged with embez zling funds of the company Isaac G. Fisher has been re-elected principal of the branch normal college, the state institution for the education of colored people located at Pine Bluff. Hubbard Heard. colored, one of the prisoners who broke jail at Batesville, returned after two days and surren dered. stating that he was tired of be ing pursued. Jim Price, colored, of Hot Springs wound up a protracted spree by swal lowing a fatal dose of morphine. Price on two previous occasions attempted to take his life. A large number of newspaper men from over the state left Litue Rock on the 5th in a special over the Choctaw for a tour of Colorado and other western points. The wife of G. Smith, a Pope county farmer, shot herself with a small caliber target gun and died instantly III health had caused the woman's mind to become unbalanced The governor of Alabama has honcred the requisition of Gov. Davis for the return of D.P. Terry, late cashier of the Howard County Bank, under indictment for embezzlement. A citizen of Conway claims to have invented a signal to prevent collisions. It is claimed for this device that it will warn each train of the approach of another train from either direction The following Arkansas postoffices have been discontinued Philadelphia, Izard county, mail to La Crosse: Wrye, Nevada county, mail to Prescott. These changes are effective August 15. The St. Francis levee board will in. troduce a bill at the next session of the legislature to appropriate $250,000 of state funds to be used in reclaiming valuable lands to be added to the state domain Stockholders of the Bank of Danville, whose cashier so mysteriously disappeared several days ago, give as. surance that all depositors will be paid in full. The bank may resume business An unknown sneak thief stole $15 from the trousers pocket of Joe Curl at Pine Bluff but was considerate enough to leave the victim 5 cents with which to ride to town on the fol. lowing morning The Dairyman's Bank at Carlisle has opened for business Secretary of State Crockett who spent several months at Mineral Wells, Texas. with his wife for the benefit of her health has returned to his of ficial duties. Mrs. Crockett is greatly improved Dr. Thomas A Carter weit known

4. September 4, 1903 The Newark Journal Newark, AR
Article from The Newark Journal, September 4, 1903

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Article Text

BRIEF MENTION. The Bank of El Dorado has been closed. The failure of the bank is due to the Alphin-Lake failure of several months ago. The safe in the postoffice at Lincoln, a small town west of Prairie Grove, was blown open by burglars, who secured only a small sum in cash. P. A. Douglass, machinist for the De Witt Ginning and Milling Company, fell against the large circular saw of the milling company, while it was in rapid motion, and was cut across the back and shoulders in a frightful manner. P. A. Douglass, cashier of the Bank of Danville, which was recently placed in the hands of a receiver, and who mysteriously disappeared, is still missing. A warrant has been issued for the arrest of Dallas Hunter charging him with the murder of Will Lee in Union county July 6. Lee was from ambush a few miles home The accused of L

5. March 3, 1904 The Monticellonian Monticello, AR
Article from The Monticellonian, March 3, 1904

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BRIEF MENTION. The first winter race meeting at Essex park, Hot Springs, opened February 25. Dave Jones was crushed to death by a log train of the Drew Lumber company near Collins. John Baldwin, night watchman at a sawmill in Pine Bluff, was shot and painfully wounded my some unknown person. A machinist by the name of Joseph Godbey was instantly killed by fall ing from the top of a moving passenger train near Searcy. At Berryville, Miss Mattie Bunch, aged 18, was severely burned by the explosion of a syrup bucket in which she was brewing some tea. The Bank of Eudora, Chicot county, capital $15,000. and the Citizens' Bank of Rogers, capital $10,000. have incorporated under the state laws. A merchant of Austin, Tex., by the name of Simon Snaman, en route home from St. Louis, died on an Iron Mountain train near Little Rock. R. L. Youngblood, a gang foreman on the El Dorado and Bastrop railroad, was shot and killed at Bastrop, about thirty miles from El Dorado, by an Italian laborer. W. E. Thomas, city clerk of Hot Springs, is alleged to be short in his accounts several hundred dollars. Thomas was renominated for a second term at the recent city primaries. A man by the name of Dory was killed by an Iron Mountain passenger train a few miles from Hot Springs. The engineer says the man was sitting on the track and was evidently asleep. Effective April 1, three free rural delivery routes will be establishe at Rogers, of 20. 22 and 23 miles in length. There are 382 houses or the routes and a population of 1,528 will be served. William Edwards, an old resident of Pine Bluff. was found dead at his home, where he lived alone, by his son-inlaw. He was 85 years of age, and had been a sufferer from heart disease for some time. The depositors of the Bank of Danville, which suspended on account of the cashier absconding, have been paid 90 per cent of their losses. The money was put up by the stockholders and the ex-cashier's mother. A Hot Springs physician has been convicted of violating the Gantt law, which prohibits "drumming" for patients. The object of this act Is to protect visitors to the Springs from being harassed and often robbed by unprincipled practitioners. Adam Arrents, a Pine Bluff mall carrier, was awakened one night recently by the cries of an infant, and, upon investigation, the child. a female about 1 month old, was found lying on the steps. It was poorly clad and almost frozen to death. A big gang of Italian laborers that have been working on the El Dorado and Bastrop railroad at Bolding, have quit and left the place. It is supposed the men quit for fear of being arrested for the murder of R. L. Young blood, an extra gang foreman, who was shot by one of their number.

6. March 5, 1904 The Van Buren Press Van Buren, AR
Article from The Van Buren Press, March 5, 1904

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Article Text

# BRIEF MENTION. Dave Jones was crushed to death by a log train of the Drew Lumber company near Collins. John Baldwin, night watchman at a sawmill in Pine Bluff, was shot and painfully wounded my some unknown person. A machinist by the name of Joseph Godbey was instantly killed by falling from the top of a moving passenger train near Searcy. At Berryville, Miss Mattie Bunch, aged 18, was severely burned by the explosion of a syrup bucket in which she was brewing some tea. R. L. Youngblood, a gang foreman on the El Dorado and Bastrop railroad, was shot and killed at Bastrop, about thirty miles from El Dorado, by an Italian laborer. The depositors of the Bank of Danville, which suspended on account of the cashier absconding, have been paid 90 per cent of their losses. The money was put up by the stockholders and the ex-cashier's mother.