327. Farmers & Traders Bank (De Witt, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 7, 1893
Location
De Witt, Arkansas (34.293, -91.338)

Metadata

Model
gpt-5-mini
Short Digest
b0548237

Response Measures

None

Description

Multiple contemporary newspapers report the Farmers & Traders Bank of DeWitt failed/closed in early July 1893 and the cashier C.K. Leslie was arrested for issuing exchange after closing. There is no description of a depositor run prior to suspension; the failure is tied to cashier malfeasance/insolvency. I set the failure date to 1893-07-07 (the Friday before reports dated July 9).

Events (1)

1. July 7, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier C.K. Leslie allegedly issued exchange after the bank had closed; institution described as 'totally wrecked' and deposits likely lost.
Newspaper Excerpt
C. K. Leslie, the cashier of ... the Farmers' and Traders' Bank, of DeWitt, Ark, which failed Friday, was arrested yesterday, charged with issuing three pieces of exchange ... after the bank had closed.
Source
newspapers

Newspaper Articles (6)

Article from The Wheeling Daily Intelligencer, July 10, 1893

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Article Text

WORTHLESS PAPER Issued by the Vice President of a Defunct Bank. PINE BLUFF, ARK., July 9.-C. K. Leslie, the cashier of the Arkansas State Bank, of Stuttgart, and the Farmers' and Traders' Bank, of DeWitt, Ark, which failed Friday, was arrested yesterday, charged with issuing three pieces of exchange of St. Louis, amounting to $200, after the bank had closed and knowing that they would not be paid. It is staod on reliab le authority that the institutions are totally wrecked, and that the amount of deposits, about $20,000, will be lost. Exchange amounting to $3,500, it 18 alleged, had been issued the day before closing, and drafts are now coming back protested. Excitement runs high at Stuttgart, and when Cashier Lealie attempted to leave to-day, he was taken from the train and hundreds of men were muttering threats of violence.


Article from New-York Tribune, July 10, 1893

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Second Peary North Greenland Expedition. Portland, Me., July 9.-The following was received at "The Sunday Times" office yesterday afternoon. about 5 o'clock. by carrier pigeon. and were the last words from Lieutenant Peary's ship Falcon. off Half Way Rock: S. S. Falcon, 3:15 p. m. Lieutenant and Mrs. Peary. Mrs. Cross, companion to Mrs. Peary, and Mrs. Hodge, stenographer, came aboard at 1:30 1. m. from the tup Fannie G. All greeted them heartily. Our party is now complete as to numbers The Falcon will be due at St. John's, N. F. Tuesday, July 11. Farewell, Portland your ho pitality was unbounded and your godspeeds will ever form a pleasant E. S. BALDWIN remembrance among us. Second Peary Arctic Expedition. ARREST OF A BANK CASHIER Pine Bluff, Ark., July D.-C.K. Leslie, the cashier of the Arkansas State Bank. of Stittgart. and the Farmers and Traders' Bank, of Dewitt. Ark., which failed Friday, was arrested yesterday charged with Issuing exchange on St. Louis amounting to $200 after the bank had closed. and knowing that it would not be paid. It is stated that the institutions are wrecked and that the amount of deposits. about 820,000. will be lost. Three thousand five hundred dollars exchange it is alleged, had been issued the day before closing, and the drafts are now coming back protested. Ex. eitement runs high at Stuttgart, and when Cashier Leslie attempted to leave there yesterday he was taken from the train and hundreds of men were muttering threats of violence.


Article from Echo De L'ouest, July 13, 1893

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e Faillites de Banques et autres depuis quelques jours -Edw. J. Binford de Denver,Col., a fait faillite. Passif 218,000 dollars. L. Banque of Lesueur, de Le sueur, Minn., a ferme 8°B portes. Passif 225,000 dollars. La Albuquerque National Bank d'Albuquerque, N. M, a suspendu ses paiements. L'American National Bank de Puibla, Col., a déposé son bilan. Fermée est la Puget Sound Na tional Bank de Everett, Wash. La National Bank of Ashland, Neb., a fait faillite, ainsi que la First National Bank de Winston, N. C. M. Ward banquier de Forestville N, Y. g'est suicidé et il parait que le déposants ne verront ja mais grand chose de leurs 100,000 dollars. La Northern National BaLk de Big Rapids, Mich, a fermé ses portes. La Lloyd's National Bank de Jamestown N. D. a suspendu ses paiements. La "Normania Society" de Min neapolis a fait faillite. Passif 75,000 dollars. John L. Davie, banquier d'Auburn, Ill la Thorton Banking House de Shelleyville, Ill., et la Holt county of O'Neil, Nebraska ont fait faillite. Insolvables sont: L'Arkansas State Bank de Stuttgard. La Farmers et Traders Bank de De Wett, Ark. La Chamberlin Investement Co. de Denver, Col. A. Y. Davidson et Co. banquiers de Philadelphie, Pa. La State Bank de Shurbert Neb. La North Galveston Loan et Investement Association de Galveston Texas. La Kangas City Safe Deposit et Trust Co. de Kansas City, Mo., au capital de 300,000 dollare. Passif 1,700,000 doliars.


Article from Eagle River Review, July 13, 1893

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NEWS PARAGRAPHS. E. J. BINFORD, a Denver coal dealer, has failed, owing $76,800. he that JERRY candidate SIMPSON for denies governor a report of Kansas. fire is a firms were burned out in $12,000. a SEVEN Mich., the loss being miners is alat Morley, of the Kansas of only most over. THE strike There is a question 1 cent a ton. at Fox killed in a wreck being the track. Bagley, SCOTT Mich., was caused by cattle on in many sections of Europe Fodbids DROUTH fair to ruin the agriculturists. der is a total failure. ILLINOIS NATIONAL GUARDSMEN Lack of will funds not go into camp this year. is given as the reason. K. Allison, who was is dead. govABRAHAM of Florida in the '60s, ernor He 83 years of age. was DINGMAN, anxious for into fame, the CLARENCE from a Buffalo elevator jumped He was killed. harbor. on the bank bill in the Rome Chamber DEBATE of Deputies was tumultuous, but the bill was passed. FOUR'S differences with agreeing its emBIG are adjusted, the men ployes to increase in their wages. at no are being concentrated France is TROOPS The state of feeling feared. in critical Paris. and revolution is the TEXAS fever has broken out among Kancattle in Chatauqua have County, died. sas, and THEBO, many animals of Paris, Tex., sues attorney the G. S. Nation for $110,349 claim. Choctaw fees in the Choctav aw-Oklahoma TYRRELL, of the Michigan Na- by COL. Guard, has been insubordination. suspended tional Rich for alleged Mrs. Gov. Rev. Leigh Vernon and Duluth, THE Pearsons were arrested at Joplin, Mo. charged E. with having eloped from GOODERHAM'S distillery at of Toronto, surplus stock. Ont., has Others closed on there account will probably follow. pensioners at Philadel- order of EIGHTY-SEVEN been suspended by the rolls. Commissioner phia have Lochren, who is purging D.C. WOODS, of Avon, Ill., fell from a load of hay and was killed. a under GRAFF, crawled pieces. freight ARNOLD car to sleep at Tiffin, O. Hewas cut to RILEY & SON, leather dealers The PATRICK Newark, N. J., have assigned. at liabilities are $200,000. favor is shown the attempt Health. to resurrect LITTLE the National Board of It is said to be useless. PRACTICAL men will be given a prefer- Secrein the treasury promotions. ence tary Car'isle has so declared. been INSURANCE 15 rates per cent., in Illinois according have to the increased of the state auditor. report INDIANAPOLIS is practically York penniless firm through the failure of a New to take its refunding bonds. contractor employing convict labor according No bid on government work, can to order from the supervisor. an STEERAGE passenger Cunarder named Keely CamA of apoplexy on the died her last eastward voyage. pania on LOCKWOOD, the colored Washing- hero of BASIL Theater disaster at gold ton, the Ford has been presented with a watch. EDWARD M. GADSDEN, of Georgia of has the appointed superintendent Departbeen money order service, Post-office ment. Arkansas State Bank of Stuttgart, TradTHE Arkansas Farmers and closed and ers' Bank the of Dewitt, Ark., have their doors. her daughter's prospective wife, Mrs. FINDING Neil Woodcock, had a horsehusband Lane, of Hillsboro, Ill., whipped SCHULTZ him. ex-senator, confessed at LOUIS having killed George Artanasin his sisto Stockton, Cal., July 4, to avenge ter's downfall. Mayor and Council of Kansas the THE have concluded to order of City, electric Kas., lights turned off on account the city's poverty RICH, of Michigan, subject has of is Gov. his first pardon. The Harrison, sued elemency is V. O. in 1891. executive who was sentenced to ten years of the State Department to pre- to ANXIETY vessel in Samoan waters look is after get a rather than to revolution vent American a war interests after a occurs. GREAT damage was done by a hail storm near Pembine, N.D. WAR has not yet broken out in Samoa, the situation is still critical. but June forty-six deathsoccurred fever. DURING Ironwood, Mich., from typhoid burned at WAREHOUSE and a granary at Hamburg, A causing a loss of 500,000 marks. report of the master in chancery against in THE the Monon Railway case is that company. at GEORGE H. LUCE, jeweler, wasarrested ing fence. Columbus, O., on a charge of operatlepers are in rebellion and to have HAWAIIAN killed an officer. They object being removed to Molaki. CAVENDER has been arrested Chatfor DAVID the murder of R. H. Reed at tanooga. He has confessed. Rev. C.J Sandport, a Lutheran United THE known throughout the 77 States, minister died at Evansville, Ind., aged years. men held up an International THREE Great Northern train near Palestine, Tex., & and secured $500 from the express safe. transcontinental rates will are reLOWER The Union Pacific duce promised. the tariff from San Francisco to


Article from The Meridional, July 15, 1893

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The Bank Never Came Back! Last winter a movement, headed by a banker from DeWitt, Ark., was inaugurated here to establish a bank. The capital was subscribed, but Mr. Leslie who was to put up the bulk of the capital declined to do so unless Solomon Wise, our leading merchant would accept the presidency. This Mr. Wise most enphatically refused. Per consequence the enterprise "fell in the water," and as the community needs a good bank, many were inclined to censure Mr. Wise's action in the premises. Time the great equalizer, has fully vindicated, (80 to speak.) Mr. Wise and adds another laurel and increased lustre to his level business head, and financiering ability. We all want a bank, want one badly, but we most assuredly-none of us-want any wild cat affair. The following special tells the tale of what "might have been" our people's experience: Pine Bluff, Ark., July 8.-C. K. Leslie, the cashier of the Arkansas State Bank, of Stuttgart, and the Earmers and Traders' Bank, at De Witt which failed yesterday, was arrested to-day charged with issuing three pieces of exchange on St. Louis, amounting to $200, after the bank had closed, and knowing that they would not be paid. It is stated on reliable authority that the institutions are total wrecks, and that the amount of deposits, about $20, 000, will be lost. Thirty-five hundred in exchange, it is said, had been issued the day before closing, and drafts are now coming back protested. Excitement runs high at Stattgart, and when Cashier Leslie attempted to leave to-day he was taken from the train and hundreds of men were muttering threats of violence.


Article from The Progressive Farmer, July 18, 1893

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other banks in the city Sunday, and gave notice that owing to the specula tions of Cashier O. E Hill, who was a defaulter to the extent of $53.000, the bank's capital was so much impaired that they had decided to go into liquida tion. AUBURN, Ind, July 11. - The private bank of John L. Davis did not open for business this morning, and C. A Daven port has been appointed assignee. There was no run on the bank and the assets and liabilities cannot as yet be learned. Mr. Davis also operates a private bank at Garrett, Ind. PORTLAND, Me, July 7.-At Oakland yesterday the postponed meeting of the directors and stockholders of the Madison Woolen Mill, the largest in Maine, was held. This mill is at pre3ent in financial straits in consequence of disagreement with the former sell ing agents, H. J. Libby & Co., New York. FALLS CITY, Neb., July - -The State Bank at Shubert, a small town south of here, has failed. The Bank Exam iner investigated the books yesterday, and last night G. V, Argabright, the cashier, decamped, leaving a statement that he was $21,000 short, having spent that sum on the board of trade, and that he preferred to leave his family rather than go to the penitentiary. Argabright is also treasurer of the American Bond Company. The stock holders will pay all depositors. PINE BLUFF, Ark., July 9.-C. K. Leslie, cashier of the Arkansas State Bank of Stuttgart, and the Farmers' and Traders' Bank of De Witt, Ark., which failed last Friday, was arrested yesterday, charged with issuing three pieces of exchange on St. Louis amounting to $200 after the bank had closed, and knowing that they would not be paid. It is stated on reliable authority that the institutions are wrecked. and that the amount of deposits, about $20.000, will be lost. It is alleged that $3,500 exchange had been issued the day before closing, and drafts are now coming back protested. When Cashier Leslie attempted to leave yesterday he was taken from the train, and hundreds of men were muttering threats of violence. LIMA, Ohio, July 9. - A sensation is about to be sprung in connection with the failure of the Lima National Bank a year ago last March The matter is being engineered by President B. C. Faurot, who had an idea that he was swindled by those in whom he reposed the greatest confidence. To ascertain if his suspicions were correct, an expert from Cleveland was employed, who, it is reported, thinks he h as made startling discoveries. Proceedings, it is said, are to commence against some prominent people. During the last three days lawyer Virgil P. Kline, of Cleveland, has been here. Mr. Faurot did not want to employ a Lima man. It is predicted that some astonishing revelations will be made.