374. Boone County Bank (Harrison, AR)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
June 9, 1897
Location
Harrison, Arkansas (36.230, -93.108)

Metadata

Model
gpt-5-mini
Short Digest
c5c848b0

Response Measures

Full suspension

Other: Receiver appointed (G. J. Crump) and bank closed permanently; articles state failure and winding up.

Description

Newspaper reports (June 9–11, 1897) state the Boone County Bank closed its doors and a receiver (G. J. Crump) was appointed; cause given as poor collections and heavy withdrawals. This indicates deposit withdrawals (a run) precipitated suspension and permanent closure with a receiver.

Events (3)
1. June 9, 1897 Receivership
Newspaper Excerpt
G. J. Crump was appointed receiver by Judge Hudgins. The assets are said to be $83,000 and liabilities $55,000.
Source
newspapers
2. June 9, 1897 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals combined with poor collections at the bank; depositor withdrawals precipitated the institution's failure.
Newspaper Excerpt
Poor collections and heavy withdrawals are given as the cause of the failure.
Source
newspapers
3. June 9, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and a receiver was appointed; failure attributed to poor collections and heavy withdrawals.
Newspaper Excerpt
The Boone County Bank closed its doors this morning. G. J. Crump was appointed receiver by Judge Hudgins.
Source
newspapers

Newspaper Articles (4)
1. June 10, 1897 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 10, 1897

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Article Text

Business Embarrassments. HARRISON, Ark., June 9.-The Boone County Bank closed its doors this morning. G. J. Crump was appointed receiver by Judge Hudgins. The assets are said to be $83,000 and liabilities $55,000. Poor collections and heavy withdrawals are given as the cause of the failure. CHICAGO, June 9.-Nathan Shure, whose fireworks factory at No 218 Halstead street was destroyed by an explosion last evening, injuring a large number of people, made an assignment to-day to Charles Rosenberg. No schedule of assets or liabilities was filed.

2. June 10, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, June 10, 1897

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Article Text

SHORT NEWS STORIES. CARLINVILLE III--The St. Louis milk ing plant was destroyed by Are: loss, $100,000: insurance, $75,000. NASHVILLE Tenn.-Professor Barnord's "airship" balloon buret. but the parachute appliances enabled the professor to land safety. ELGIN. Ill-Onno Ellts, a miner, WRS instantly killed in an explosion at Sholt's coal mine. Wm. Pelper, a companion miner. was seriously injured. CHICAGO-A test case will be instituted at once to determine the constitutionality of the Tornens law, adopted by the voters of Cook county at the election on Monday. SAN FRANCISCO-Warden Hale of San Quentin says he will not proceed with the execution of Theodore Durrant unless so advised by Attorney General Fitzgerald. VICTORIA. B. C.-Meager particulars were brought by the Empress of Japan of a gale off the coast of China in which it is estimated that some 500 men lost their lives. LOUISVILLE, Ky.--A call was issued by the National democratic executive committee for a State convention to nominame a candidate for clerk of the court of appeals. VICKSBURG Miss.-The Vicksburg cotton exchange sent a message of thanks to Senator Bacon of Georgia for his succeesful efforts in having a duty placed on cotton. HARRISON, Ark.-The Beone County bank closed Its doors, and G. J. Crump was appointed receiver by Judge Hudgins. The assets are said to be $83,000 and habilities $55,000. KALKALNA, Wis.-The print paper mills of the Fox river valley will shut down two days each week in order to curtail the output and better the market for their product If possible. KANSAS CITY-The Southwestern MIIlers' association amended the by-laws by placing the assessment upon each miller at 5 cents for each barrel of flour ascording to the canacity of his mill. CITY OF MEXICO-AH existing conoessions for railways granted to the Mex. loan National Construction company have been forfeited for non-fulfillment of the terms of charters. LONDON-The election in the Petersfield division of Hampshire turned on the Eastern nalley of the government. and a conservative was elected by a small mafority where two years ago there was no opposition. BUDAPESTH-Socialist pensant riots have taken place in the communes of Naduvara and Alpar. Gend'armes at both places were obliged to fire upon the rioters. Two wants were killed and forty seriously wounded. WILLIAMSBURG. Ohio-A tramp made an attempt to criminally assault Mrs. Emma Curtis, a highly respected lady. Mrs. Curtis is to a very critical condition, The fellow had to be removed secretly to Batavia to save his life. MILES CITY. Mont.-There is very little change in the Indian situation. It is generally thought among cifizens who know Chief White Bull that he will not be taken alive. White Bull and his followers are at large and 300 determined men are tryone to arrest him. SPRINGFIELD. Ill.-Governor Tanner signed the Allen railway bill. It authorizes fifty-year extensions of existing street railway franchises: allows 5 cent

3. June 11, 1897 The Bryan Daily Eagle Bryan, TX
Article from The Bryan Daily Eagle, June 11, 1897

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Article Text

Arkansas Bank Fails, Harrison. Ark., June 10.-The Boone County bank has closed Its doors. G.J. Crump was appointed receiver by Judge Hudgins. The assets are said to be $83,000 and liabilities $55,000. Poor collections and heavy withdrawals are given as the cause of the failure.

4. June 17, 1897 The Green Forest Tribune Green Forest, AR
Article from The Green Forest Tribune, June 17, 1897

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Article Text

July 3. Read ordinance sixteen. Keep Green Forest to the front. If it is a new hat you want, call at the Racket.Store. C. B. Grim made a business trip to Eureka Springs Monday. At A. Blasingame's you will find a complete stock of groceries at prices below the lowest. An excellent program has been arranged for the celebration July 3. 1t will appear in next issue. Lookout for bills. headache can be quickly overcome by using Sick those DeWitt's famous little pills knownas Little Early Risers. J. E. Harbert. C. E. Littler has just reinvoice ceived Mrs. another of ladies see styles. of those hats and beautiful trimmings. Call Ribbons and all shades and colors. Marshal Walker "rounded up" a number of the for disturance as quite day night boys and Satur- a result, several pleas of guilty were entered Monday in Mayor Rudd's court. A. Blasingame hasjust received a invoice of shoes from well-known large Hamilton-Brown Shoe the the Co. He will sell them at lowest possible figures. Call and them. J. L. Russell is now chief bailiff Ft. in the United States court at Smith under Marshal Stabl. He has also sub-lot the contract for feeding the prisoners. Alto. gether brings him a handsome salary. Notice is hereby given that the usual public examination of such teachers as desire to be examined for license to teach in the public schools of the county of Carroll will be held at Berryville 1 and 2 W. R. PHILLIPS, of July. Some people are constantly troubled with pimples and boils, about the face The best a especially remedy is and thorough neck. of Ayer's Sarsaparilla, which all humors course expels and through makes the proper channels, so the skin become soft, healthy and fair. Wbile at Berryville Thursday, we had the pleasure of looking over Jones Ledbetter's wheat crop and filling'our pockets with a few heads. sample bushels His wheat the will make over 25 to acre. Hesent to the North for the seed which is known as the "Harvest King" variety. If any of our farmers can beat this wheat we will gladly make the comparison. Col. W. W. Davis of Polo was our casting a "sheep's eye" over He growing little city Monday. his son this from says week, having Austin graduated will be at home the commercial department of the Valparaiso (Indiana) College. Hisson Henry will graduate in the col. scientific course in the same lege on August 12. These boys have made their mark high and their future success is assured. The Boone County Bank of Harrison closed its doors on Wednesday of last week. The bank officials say it was on account of continued and heavy withdrawals of deposits and slow collections. G.J. Crump was appointed receive er and will attend to the winding up of the business. We are informed that the liabilities of the bank is $55,000. A later report from the Boone a some of fight by Banner says the that depositors bitter was appointed made against receiver Mr. Crump he being as is the father-in-law of Mr. Garvin, the cashier. J.R. Holt was recom. mended, but the court has not yet appointed either. It is stated and that be the bank will reorganize ready Jeiv and