376. Hot Springs National Bank (Hot Springs, AR)

View Charter #2887 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2887
Charter Number
2887
Start Date
May 27, 1884
Location
Hot Springs, Arkansas (34.504, -93.055)

Metadata

Model
gpt-5-mini
Short Digest
898d995fc17f92b5

Response Measures

Full suspension, Books examined

Other: A receiver was appointed (Comptroller appointed M. L. Bundy) and receiver took charge and issued receiver's certificates to depositors; bank remained in receivership and could not pay in full immediately.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1884-06-02
Date receivership terminated
1889-09-25
OCC cause of failure
Losses
Share of assets assessed as good
36.1%
Share of assets assessed as doubtful
32.3%
Share of assets assessed as worthless
31.6%

Description

Multiple contemporaneous articles (late May–June 1884) report a run on Hot Springs National Bank on May 27, 1884 caused by reports of the president Andrew Bruon/Bruen/Brown being absent (rumor). The bank closed its doors (suspension) and shortly thereafter the Comptroller appointed M. L. Bundy receiver (early June 1884). Receiver later opened the bank to issue receiver's certificates but the institution is treated as defunct. OCR variants of the president's name appear (Bruon, Bruen, Brown) — corrected to Andrew Bruon as most articles use that form. Reported liability totals vary across articles ($38,000–$60,000); later receiver accounting gives liabilities $38,512.58 and assets much diminished.

Events (7)
1. February 17, 1883 Chartered
Source
historical_nic
2. May 27, 1884 Run
Cause
Rumor Or Misinformation
Cause Details
Run was triggered by reports/rumors that President Andrew Bruon was absent and later the issuance of a warrant for his arrest surfaced; initial panic centered on his reported absence.
Measures
Bank closed its doors (suspended payments); directors telegraphed and public statements assuring depositors that assets would cover liabilities were issued.
Newspaper Excerpt
The Hot Springs National bank closed its doors to-day owing to a run on the bank caused by the reported absence of its President, Andrew Bruon.
Source
newspapers
3. May 27, 1884 Suspension
Cause
Rumor Or Misinformation
Cause Details
Suspension resulted from the run provoked by reports of the president's absence and ensuing loss of depositor confidence; subsequent allegations of falsified accounts intensified concerns.
Newspaper Excerpt
The Hot Springs National bank closed its doors yesterday, owing to a run on the bank, caused by the reported absence of its president, Andrew Bruon.
Source
newspapers
4. June 2, 1884 Receivership
Source
historical_nic
5. June 2, 1884 Receivership
Newspaper Excerpt
The Comptroller of the Currency appointed M. L. Bundy, of New-Castle, Ind., receiver of the Hot Springs National Bank.
Source
newspapers
6. June 14, 1884 Reopening
Newspaper Excerpt
Judge Bundy, receiver for the Hot Springs National bank, opened the doors of that institution and is issuing receiver's certificates to depositors and creditors.
Source
newspapers
7. June 17, 1884 Other
Newspaper Excerpt
Receiver's certificates of claims on the defunct Hot Springs National bank are selling in this city at twenty-five to fifty cents on the dollar.
Source
newspapers

Newspaper Articles (25)
1. May 28, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 28, 1884

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A RUN IN HOT SPRINGS. One Bank Suspends While the President is Off with a Woman. LITTLE Rock, May 27.-A special from Hot Springs says that the Hot Springs National Bank closed its doors to-day owing to a run on the bank caused by the reported absence of its President, Andrew Bruron. - Its liabilities are $60,000. A WARRANT FOR THE PRESIDENT. Another special from Hot Springs says: A warrant was issued this afternoon for the arrest of President Bruon, of the Hot Springs Bank, on a charge of having falsified bank accounts, but he could not be found. One of the directors stated that the bank's assets, if properly handled, will pay all the depositors without any assessment being made, but will leave the stockholders nothing. A WOMAN IN THE CASE. LITTLE ROCK, ARK., May 27,11:30 P.M.It has been learned that President Bruon, of the suspended Hot Springs National Bank, arrived in Little Rock on Friday last, but was not seen by his acquaintances until to-day, when he bade good-bye to a woman named Steel, who went north on the afternoon train. Mr. Bruon is a married man, and the Hot Springs Gazette says that it has been discovered that he became infatuated with the woman mentioned and abandoned his wife for her. No effort has been made here to arrest him. The Arkansas Valley Bank is all right. A run has commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition. There is great excitement at Hot Springs.

2. May 28, 1884 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, May 28, 1884

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A Rumor Causes a Run. HOT SPRINGS, Ark., May 27.-The Hot Springs National bank closed its doors to-day owing to a run on the bank caused by the reported absence of President Andrew Brown. The liabilities are $40,000. A run has also commenced on the Arkansas National bank, which is understood to be in good condition. There is great excitement.

3. May 28, 1884 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, May 28, 1884

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Runs on Banks. HOT SPRINGS, May 27.-The Hot Springs National bank closed its doors, owing to a run on the bank caused by the reported absence of President Andrew Bruon; liabilities, $40,000. A run has commenced on the Arkansas National bank, Hot Springs, which is understood to be in good condition. Great excitement prevails.

4. May 28, 1884 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, May 28, 1884

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ANOTHER BANKER MISSING.-The Hot Springs National Bank, at Hot Springs, Ark., closed its doors yesterday, owing to a run on the bank, caused by the reported absence of its president, Andrew Bruon. Its liabilities are $40,000. A run was commenced on the Arkansas National Bank of Hot Springs, which is understood to be in a good condition. A warrant was issued for the arrest of President Bruon on a charge of having falsified the bank's accounts, but he could not be found. It has been learned that Bruon arrived in Little Rock on Friday last, but was not seen by his acquaintances until yesterday, when he bade good-bye to a woman named Steel, who went north on the afternoon train. Bruon is a married man, and the Hot Springs Gazette says it has been discovered that he became infatuated with the woman mentioned, and abandoned his wife for her.

5. May 28, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, May 28, 1884

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FRED AND JESSE GRANT. NEW YORK, May 27.-Individual schedules in the assignment of Frederick D. Grant and Jesse R. Grant to James McNamee were filed in court today. The schedule of Fred D. Grant shows liabilities amounting to $2,215,066, made up as follows: Creditors, other than preferred. $820,300; creditors, preferred, $243,960; contingent liabilities, $10,000; par value of securities borrowed from Grant & Ward, $1,140,800; assets nominally worth $1,990,018; actual worth unknown. Among his creditors are the Fourth National bank, $40,000; United States National bank, $65,000; United States Trust Co., of New York, $100,000; National Bank of the Republic, $40,000. Among the creditors preferred are Henry F. Shoemaker, $125,000; Ulysses S. Grant, $5,000; Thos. B. Medary, $15,666; Mary J. Cramer, $7,300; Mrs. Benj. L. Honore, $10,000, Mrs. Virginia G. Conbin, $25,000; Mrs. Frederick D. Grant, $6,000; C. M. Garrison, $5,000; all without security. The assets of Mr. Grant are stated as follows: Balance cash on deposit with Ward & Grant, bankers, as per bankbook, nominal value $533,763, actual value unknown; deposited with Grant & Ward, bankers, on account of margins on purchase of 300 shares of Illinois Central stock, nominal value $5,000, actual value unknown; deposit with Ferd. Ward on account of joint purchase of real estate property in Harlem, $6,250; also loans and deposits with Grant & Ward, between March 1 and April 19, aggregating $1,450,000. The schedules are accompanied by an affidavit of Fred D. Grant, in which he swears to his best Information, belief and knowledge that the schedule is true. The schedule in assignment of Jesse R. Grant shows debts and liabilities $95,429 and assets nominally $131,150. The creditors of Jesse Grant are Mrs. W. 8. Chapman, $5,000, moneys deposited, no security. Creditors preferred: Henry F. Shoemaker, $50,000; Mrs. H. A. Hopper, $15,000; John Wesson, $10,000; Thos. H. Bailey, $15,000. Assets stated BB cash on deposit with Grant & Ward, $113,950; contract with Grant & Ward due May 15, 1884, $18,000. Jesse Grant makes affidavit that he is unable to state the actual value of his assets because Grant & Ward had failed and their property is now in the hands of a receiver and no schedule has been made showing the assets of the firm. RUNS ON THE HOT SPRINGS BANKS. LITTLE ROCK, May 27.-The Democrat's Hot Springs special says the Hot Springs National bank closed itsdoors owing to a run on the bank, caused by the reported absence of President Andrew Brown. Liabilities, $40,000. A run commenced on the Arkansas National bank of Hot Springs, which in understood to be in good condition. There is great excitement at Hot Springs. This afternoon a warrant was issued in Hot Springs for President Bruon. He is charged with falsifying the bank's accounts, but he could not be found. One of the directors has telegraphed to him. The bank's assets, properly handled, will pay all deposItors without an assessment, but leave the stockholders nothing. The Arkansas Valley bank is all right. It has been learned that Bruon arrived in Little Rock on Friday, but was not seen by his acquaintances till to-day, when he bade good-bye to M woman named Steele, who went north on the afternoon train. Bruon is married, but the Hot Springs Gazette

6. May 28, 1884 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, May 28, 1884

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TELEGRAPHIC BREVITIES. All accounts indicate that thus far the crop prospects are wonderfully good in Manitoba and the Northwest. The Kennebec Journal authoritatively denies that Senators Hale and Frye are opposed to Blaine's nomination. Gewitsch & Sons, an old leather firm of Vienna, has failed for 2,000,000 florins. Five other leather firms suspended in consequence of this failure. The African Methodist Episcopal General Convention at Baltimore Monday refused to strike from its discipline the admonition against the use of tobacco. The Hot Springs (Ark.) National Bank has closed its doors, owing to a run on the bank caused by the reported absence of President Andrew Brown. The liabilities are $40,000. It is reported that Representative James of New York has written to the President, recommending the appointment of Frank Sperry to the Chief Justiceship of Alaska. Sperry is Secretary Folger's private secretary. It is stated that several informal conferences have lately been held between the Democrats in the House and the Republicans in the Senate, by which an understanding may be reached to adjourn Congress about July 1st. Reports from a thousand correspondents of the National Press and Bottler's Advocate, of New York, from all parts of the United States in regard to the fruit crop, say the apple crop is the largest ever known. The prospect for a very large crop of small fruits is very good. The Boston Transcript says it is understood that the Union Pacific Railroad Company has agreed with the Government that no July dividend shall be paid, and that the Government, in consideration of that agreement, will not force the immediate payment of more funds, by the railroad company, into the Government treasury. The Secretary of the National Millers' Association is summarizing replies to 3,000 circulars of inquiries, sent to the milling fraternity and others. The reports show that the outlook of the wheat crop, as compared with the same time in 1883, is very promising, taken as a whole, with indications that the yield for 1884 will approximate that for 1882.

7. May 28, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, May 28, 1884

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A Panic at Hot Springs. LITTLE Rock, Ark., May 27.-The Demo crat's Hot Springs special says; The Hot Springs National bank closed its doors owing to a run on the bank, caused by the reported absence of President Andrew Bruen. Liabilities, $40,000. A run has commeneed on the Arkansas National bank, of Hot Springs, which it is understood isin good condition. There is great excitement st Hot Springs. LITTLE Rook, May 27.-This afternoon a worrant was issued in Hot Springs for President Bruon's arrest. He is charged with falsifying the bank's accounts, but be could not be found. 0.0 of the directors telegraphs that

8. May 28, 1884 Daily Republican Wilmington, DE
Article from Daily Republican, May 28, 1884

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Broken Banks and Brokers. The directors of the broken Penn Bank, at Pittsburg, yesterday discovered overdrafts to the total amount of $337,000, or $7000 in excess of the entire capital and surplus of the bank." Of the overdrafts $240,000 are on the account of "D. Wilson & Co.," a firm unknown in Pittsburg, but " supposed to represent the accounts of number of persons lately operating on the wrong side of the oil market." The individual schedules in the assignment of Frederick D. Grant and Jesse R. Grant were filed yesterday in New York. The schedule of F. D. Grant shows liabilities amounting to $2,315,066, and assets nominally $1,990,013, but of which the actual value is unknown. The schedule of Jesse R. Grant shows liabilities of $95,429, and assets of the nominal value of $131, 950. The liabilities of Strang's Bank, of Green Bay, Wisconsin, which suspended on Monday, are reported at $340,000, the assets at $350,000. " It is stated positively that not less than 75 per cent. will be paid on all claims." The concern is a State Bank. Inge & Mahone, extensive tobacco dealers of Petersburg, Virginia, have made a deed of trust for the benefit of their creditors. The junior member of the firm is the oldest son of Senator Mahone. F. A. Hawley & Co., bankers of Boston, who failed recently, will make a statement to their creditors to-day. It is understood they will report $25,000 of assets against more than $300,000 liabilities. The Hot Springs National Bank, of Hot Springs, Arkansas, failed Tuesday after a run caused by the reported absence of its President, Andrew Bruon. Its liabilities are only $40,000. The celebrated Lithla water from Farmville Springs. Virginia, in quantity to suit. -

9. May 29, 1884 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, May 29, 1884

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New Clarendon Hotel, Enlarged. A. J. KERR, PROP'R L. D HUNT, M'GR. RATES-$2 and $2 50 per day. D B Adams, Ky J W Maeon, Term H Crittenden, Ark T Townsend. city C M Francis, La Z T White, Miss W H Raynor. Miss S H Lytton, Ky K F Bailey, Mo A A Knox, Tenn G Drake, Md W P Turbiville, Mies Miss Wright, Ark W A Spratlin, Miss M Henderson, Ky P C Cole, III W M Graham, Ala J M Biggers, N Y M Anderson, Ala J R Cank &w, Tex W H Revis, Ark Miss A Wood, Tenn W H Fisher, La I E H Ayres, Tenn M N Miller, Ala J R Taner, Ark W H Robinson, Ark M Pointer, Miss -Jale Miss JH Egan, La G W Kagsuma, Meara. Ark M is T H McClung, Ala T T Scudder, III W R Haney, Miss SS Young, river. R Cheatham, Ark The Financial Situation at Hot Springs. Hor SPRINGS, May 28.-The financial storm yesterday was followed by a clear sky. There was no run on the Arkansas National Bank to-day, and no money was drawn out except for ordinary business purposes. Many people have confidence in some of the directors of the suspended Hot Springs National Bank, and think they will make the shortage good.

10. May 29, 1884 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, May 29, 1884

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IN GENERAL. Large supplies of war munitions are being forwarded from England to Quebeo, and the first consignment arrived Monday. Gen. B.F. Batler has begun suit the company in Quidneck for legal Previdence, against for $25,000 services. The case will come up in the U.i ed States court on June 15tb. The HotSpitog National Bank of Springs, d by Ark. the failed Tuesday, after Hot cau reported absence of its president, Andrew Bruon. Its liabilities only $40,000 During the progress of holiday and 150 at grand injured, Chatham, stand several fell Ontario, Monday, persons games were the seriously The injuries consisted mainly of broken legs, arms and riha Tab U iled State Conanl at Maricaibo has to Biath department a a deoree sent the issued copy of by the late president Bla CO, oremation of corpsee of of the tizuela, Guzman yellow ordering fever viotims value of our mercha' The total dise for exports of the 12 months which ended April was months $811,679,331, and for the 12 $750,715,340, preceding a decrease of $60,963,991 the last year Lowell, a son of Loweil George of Emerson United Judge the States circuit a of Boston, committed on Monday It eide and in resident Buffalo morning court, suisupposed he was ineane. He was only 21 years of age. The liabilities of Strang's Bank which on are reported at It is stated Green assets Monday, at Bay, $350,000. Wisconsin $340,000, suspended the of less than 75 per cent be that paid not all claims. positively will on The concern is state bank. of ) The body of Nellie B. Coole ,&u heiress 0 who dieappeared mysteriously d home last D in the found river in Tue Wilkesbarre day Suequehanna comber, from was her n Dear She was to and fita of melancholia, Nanticoke. probably subject committed enicide. 8, d very thunder storm n over of the St. Croix A the Section heavy passed river, 10 Me., Saturday evening. Ten 0. in Grand Lake were by and senseless One raft of child logs lightning severly men knocked burned. on was fatally hurt and four 8, others were more or less seriously inD, jured. t. The eigbteenth annual of the he Union Universal Peace began meeting Monday th in Washington, Altred H. Love of Philaon presiding. Letters ut S. Parnell, the Iriah ad O'Neil of deiphia, from Congressman Charles were leader: read se Price,commissioner of at Hon. and others, Hiram expressing regret Philadelphia; not Indian being able to be named Amelia in Woodland while A little picking girl present flowers Schrick, at tery. N. Id was by a German am accosted Newark. who Monday named afternoon, Andrew come Broski, asked her how go to and st, graves, said like newly to dug heaven, pointing Here she is to would two one nt for you and one for me. He then dis. u charged a pistol at the child, but fortunhe ately missed her. The man WAS taken to g. the police station. he of the 12th of at, Secretary Under date of April, our State has received a ow our minister to in g, says that the Corean which ment from Mr. he Foote, Corea, dispatch governas yet, done in the er proposed exd. at Seoul. Mr. Foote position matter has, of the international nothing adds at some action he sending of our ler manufacturers would be ed taken, chanta Until the and definite goods by has been mer preinvolve and cabinet aoas mature companied The President and might possible officers, loss. by Admiral General ly of the an of the House, members Speaker Sheridan, the President Porter, Senate, of the committees ife ut y Senate and affairs Kugland, and and Russia, appropriations, House Germany ministers and on France naval from members of the naval aid diAnnapolis Monday the Maryland visited and academy Congress, at witnessed the exercises of of the cadets. The party returned to Wash the ington in the evening. air The Grand Lodge of Good en in 400 a 8 were present, delegates Tuesday Washington. Templare representing About met her members in all of the world. in B. Katzen ieg officer, read The stein, 350,000 Grand the Templar, presiding George parts his has report, reviewing the and reorder, ani that On annual growth "unless of the declaring history his one or both of the he a stand in favor of nd people of the for ance, will parties the take temperance great political temper untry support the Presidential candidate rs. ies be nominated at the convention which uld will be held in Pittsburg July 231." got annual meeting of the her was at the offi Society Mass., The and held following Monday Plymouth, Pilgrim were on the ensuing : de, Boston ; Vive nd, denta, elected Thomas J. for Russell, year President, Presi udHeary Stickney, Balchmore ith M Evarts, New M. ing an, L. William Boston Ames, Easton, Henry York, Frederick Dexter, : Secretary, William S. lost A special the the held in to consider er's the society Piymouth. will be August meeting Danforth, of im question of changing the day for the celebrating the landing of the forefathers ted to December 21st ath 'Mens in

11. May 29, 1884 National Republican Washington, DC
Article from National Republican, May 29, 1884

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DEPARTMENT NEWS. The receipts from internal revenue yesterday were $329,217, and from customs $669,812. The national bank notes received for redemption amounted to $805,000. The comptroller of the currency has instructed Examiner Guteman, at St. Louis, to proceed to Hot Springs, Ark., and take charge of the Hot Springs National bank, which suspended Tuesday. The President received a large number of callers yesterday. Among them were about 40 delegates to the Good Templars' convention, : OW in session in this city: about fifty members of the Veteran corps of the 28th regiment of New York, and about fifty students of Massachusetts educational institutions, in charge of Commissioner Loring. The secretary of the treasury has accepted the resignation of Robert Learmouth as local inspector of boilers of steam vessels at Buffalo, N. Y., and the resignation of Charles M. Ridgway as assistant inspector of boilers of steam vessels at Cincinnati. Wm. A. Lowth has been designated as inspector ofhulls of steam vessels for the district of Evansville, Ind., in place of John F. McClain, deceased, The collections of internal revenue during the first ten months of the fiscal year ending June 30, 1884, amount to $99,164,745, a decrease of $19,908,627 from the collections for the corresponding period of the previous fiscal year) The principal decrease was on tobacco, $13,220,698 : on banks and bankers, $3,742,387, and on miscellaneous $6,411,221. There was an increase of $12,460,564 from collections on spirits,

12. May 29, 1884 The Dallas Weekly Herald Dallas, TX
Article from The Dallas Weekly Herald, May 29, 1884

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A Panic at Hot -prings. LITTLE Rock, ARK., May 27.-The Demo crat's Hot Springs special says: The Hot Springs National bank closed its doors owing to a run on the bank, caused by the reported absence of President Andrew Bruon. Liabilities, $40,000. A run has commenced on the Arkansas National bank, of Hot Springs, which it is understood is in good condition. There is great excitement at Hot Springs. LITTLE Rock, May 27.--This afternoon A warrant was issued in Hot Springs for President Bruon's arrest. He is charged with falsifying the bank's accounts, but he could not be found. One of the directors telegraphs that the bank's assets, properly handled will pay all depositors without assessment bus leave the stockholders nothing. The Arkansas Valley bank is all right. It has been learned that Bruon arrived at Little Rock Friday, but was not seen by acquaintances till to-day, when he bade good-bye to a woman named Steel who went north on the afternoon train. Bruon is married, but the Hot Springs Gazatte says it has been discovered that be became infatuated with the woman and abandoned his wife for her. No effort was made here for his arrest.

13. May 30, 1884 The Kenosha Telegraph Kenosha, WI
Article from The Kenosha Telegraph, May 30, 1884

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Foreign Intelligence. THE sculling race at Sydney, Australia, was won on the 22d by Hanlan, the Canadian oarsman, defeating Laycock, the Australian champion, by half a length. THE steamer Syria, en route from Shanghai to the Fiji Islands, was wrecked a few days ago when near her destination, and seventy passengers, all coolies, ivere reported as lost. IT was stated on the 23d that the Captain-General of Cuba had liberated some desperate criminals upon condition that they join Aguero's band and assassinate him. Aguero was burning and pillaging on his march, and his force was being daily augmented. THE Senorine, a French brig, foundered recently off the great banks of Newfoundland, the crew and passengers, numbering sixty-two, perishing. ADVICES were received on the 24th by a Cuban residing in New Orleans that Aguero had burned the crops and sugar-houses on several large plantations, and had been victorious in encounters with the Spanish troops. A PORTION of the Toronto (Can.) Mail office was burned the other day, and the telephone service of the city was destroyed. The loss was about $100,000. One fireman was fatally injured. THIRTEEN deaths from yellow fever occurred at Havana, Cuba, during the week ended on the 24th. ENGLAND suggested to the Porte on the 24th that it send twelve thousand Turkish troops to the Soudan, capture Khartoum, and withdraw with the English garrison, leaving the Nile dependencies to the Sultar. WHILE boating recently on Grand River, near Galt, Ont., Abner Davidson, aged twenty, Minnie Partridge, aged seventeen, and Mary Morton, aged twelve, were drowned. WHILE the holiday games at Chatham, Ont,. were progressing on the 26th the grand-stand collapsed and 150 people were injured, several seriously. The injuries consisted of broken arms, legs and ribs. Some were injured internally. FLOODS in the Spanish provinces of Nuncia and Alicante had inundated many towns the 26th. The Government were supplying the sufferers with food and clothing. THE mission of Moody and Sankey at Croydon, Eng., closed on the 26th, and they would sail for America July 5. ON the 26th the Sultan refused to send ten thousand Turkish troops to the Soudan to co-operate with the English forces. LATER. A MORTGAGE from General Grant to William Vanderbilt of an undivided quarter of one hundred and thirty-five acres of land near Chicago was placed on record in New York on the 27th: The mortgage was given to secure payment of a check for $150,000 given by Vanderbilt to Grant & Ward. THE Missouri Republican State Convention will be held at M berly September 9. THE absence of the President resulted in a run on the 27th on the Hot Springs (Ark.) National Bank, which was compelled to close its doors. Moscow and the region thereabout were on the 27th liberally placarded with a manifesto threatening the Czar with death because he had failed to concede a constitutional form of Government. FREDERICK D. GRANT and Jesse R. Grant filed schedules in their assignments at New York on the 27th. F. D. Grant owned $2,215,066, with assets of $1,990,013. J. R. Grant's liabilities were placed'at $95,249, his assets being $131,150. INGE & MAHONE, who carried on an extensive- tocacco business at Petersburg, Va., on the 27th executed a deed of trust for the benefit of their creditors. The junior partner is a son of Senator Mahone. Two MASKED men, armed with Winchester rifles, halted the Fort Benton (M. T.) coach a few days ago twenty-five miles from Helena, robbed the passengers and rifled the mail bags. THE steamer Pilot Boy and a wharf and warehouse at Charleston, S. C., valued at $100,000, were destroyed by fire a few days ago. AT St. Louis the other night Alfred Suess, whose wife had prosecuted him for abandoning her, went to her rooms, shot and killed her and then committed suicide. PRENTICE TILLER, the express robber, pleaded guilty at St. Louis on the 27th, and was given a five years' sentence. THE American Congregational Associa. tion held its thirty-first annual meeting on the 27th at Boston. The year's receipts were $23,389, and the balance on hand was $233. MR. INGALLS introduced a bill in the United States Senate on the 27th for the sale of lands belonging to the prairie band of Pottawatomies. Mr. Lapham submitted the majority report on the Danville (Va.) riot, claiming that it was preconcerted by the Democrats for the purpose of intimidating the negroes. In the House a joint resolution was passed appropriating an additional $100,000 for the relief of sufferers by the overflow of the Mississippi River and its tributaries. By a vote of 158 to 108 the House declared Mr. McKinley (Rep.) not entitled to the seat for the Eighteenth Ohio District, and Mr. Wallace (Dem.) was sworn in,

14. May 31, 1884 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, May 31, 1884

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TELEGRAPH HOT SPRINGS, Ark. May 27 The Hot doors Springs National absence to-day menced Liabilities owing on of the the $40,000. to Arkansas bank run ident A closed on Andrew National run the has its reported Brown com- bank at Hot Spaings, which is understood to be good condition. Great excitement. NEW YORK, May 27 Yesterday it was made to Greystone for the pose of verifying? report printed morning paper regarding the health few Mr Tilden: Mr. room in the utes himself came said that the of his failing health pure and utterly withthe health out foundation; been had than it any time during the past that he had merely moved Greystone for to few personally days some that he is on the place. He further that expected to return to Grammarcy Park to-morrow. ST. LOUIS May 27 When the case Preutice Teller, express robb court this called pronounced themselves indictment The to ready then read the prisoner, and he was asked plead. To the astonish ment of the court Teller without moment's hesitation. "Guilty, There Honor. your succeeding the judge, chair, his Van Wagoner, the dered him to five penalty of the law for grand larceny Individual NEW YORK, May Grant D. erick filed James Frederick The day the Grant to liabilities up $10,000 $243,966. par Grant Ward $1,140,800; assets minally worth $199,003; actual worth unknown. NEW YORK May 27 President Fish mean now General Grant being guilty of the in frauds knowledge intended contracts. Grant General that warrant were one having Fish D. says John War made by Grant's father tion of them Both entirely trusting by Ward. to false rumor NEW YORK. May and probably that Secretary other The Lincoln Secretary his to-day, department his The May Senate lands public to-day land cided report the bills forfeiting the uncompleted grants opposite main tions of the Northern Pacific branch and the Atlantic and Plumb cific the the Pacific forfeiture will The amount 36,000,000 Pacific and Atlantic that all The bill lands sold bona per Side West The NEW claims bank shortly the Nothing the defaulting Hi ckley, SAN May Harry and Martha Wells in the divorce perjury on from filing bonds the amount of $5,000. WASHINGTON, May 26. The Depart been State informed of ment having G the that Chinese in to silk loom enter exhibit the the question landing tives referred borers. and the the Secretary hinese State nn not will stay to than longer necessary country play exhibits. NEW YORK, May The bondsmen Ja Fish of aftern this the qualified of Cox. Ward Jas. $15,000: Herseh. David lawyer, $7,800. his took by friends. 26. Hoiman WASHINGTON, of the from the of to secretaries salaries private tors 27 Fred SAN May who dead the the Friday, died for At election were adopted convention of the that the stating meeting that and Field Stephen for has our been choice President NEW YORK, May of the if Grant sel learn they General what knew letter in be ferring that learned profits Fish 1882, had prior the Lincoln the that James, being he

15. May 31, 1884 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, May 31, 1884

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The Hot Springs National Bank, of Hot Springs, Arkansas, failed on Tuesday after a run caused by the reported absence of its President, Andrew Bruon. Its liabilities are $40,000.

16. June 2, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, June 2, 1884

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About 80 per cent. were those of small traders whose capital was less than $5,000. Among the important suspensions were Reid & Smith, cotton commission, and Thomas J. Crombie, lumber, New York city; the Penn Bank. Pittsburg, Pa.: Glendower Iron Company. Danville, Pa.: Hot Springs (Ark.) National Bank; Strong's Bank, Green Bay, Wis.; Crawford County Bank. Denison, Ia.; Farmers' and Mechanics' National Bank, Uhrichsville, Ohio: G. T. Foster & Co., wholesale millinery, Detroit, Mich., and Henry Sheldon & Co., bankers. Sherman, N. Y. In the principal trades they were as follows: General stores. 18; grocers, 11; liquors, 11; banks, 8; drugs, 8; millinery. 8; tobacco and cigars, 8; shoes, 7; clothing, 6; fancy goods, 5; hardware and agricultural implements, 5; jewelry, 5; dry goods, 4; furniture. 4; hotels and restaurants, 4; grain and flour. 3; harness, 3; lumber. etc., 3; butchers, 3; commission. 3; bankers, 2: bakers, 2; carriages, 2; men's furnishing goods, 2; produce and provisions, 2. ALABAMA. Farmsdate.-J. C. Brown & Co., general store, compromised. FLORIDA. Green Core Springs.-C. H. Moss. general store, failed and stock taken on two claims or $1,800. Kissimmee.-P. Y. Jennings & Co., general store, recently assigned, were attached. and the assignment, it is reported, was declared void. GEORGIA. Atlanta.-John H. James, banker. shows liabilities $506,000; nominal assets $656,000; actual assets $411,000. Of the assets $360,000 is in real estate, and efforts are being made to form a stock company of the depositors to hold the real estate. which is increasing in value. Stewart Brothers. shoes, failed. The stock is chattel mortgaged for $2,850. NORTH CAROLINA. Garysburg.-Jordon & Kee, general store, assigned. Liabilities estimated at $750; assets $1,000. TENNESSEE. Bellbuckle.-W. L. Garner, general store, failed. Liabilities $2,000: actual assets $1,200. Brownsville.-H. Orr, butcher and grocer, closed by attachment. Jackson.-W. H. Burnell & Co., wagon makers, assigned. Memphis.-H. G. Getchell & Co., pianos, assigned. Liabilities $6 000; assets $4,400. Rogersville.-John M. Carson, general store and grain, assigned.

17. June 2, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, June 2, 1884

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HOT SPRINGS. Hor SPRING. Abk., June 1.-[Special.] -The directors of the stranded Hot Springs N stional back make the statement that the liebilities of the institution aggre. gate $38,000 and the assets $57,000. They assure the public that depositors will be paid in full, al:hough it may require sev. eral months to effect a settlement. A meeting of 150 depositors was held last night and it was agreed to recommend the appointment of a receiver to take charge of the bank's affairs. Late developments implicate a prominent director in the unsavery transactions, and it is expected that when President Bruon rises to explain a commotion will follow.

18. June 3, 1884 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, June 3, 1884

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THE PENN BANK. The Disgraceful Story of Its Failure as Told by Its Late President Riddle-The Bank Robbed by the Directors in on Speeulation-Great Excitement Caused by the Statement, Which is Denied by Those Implicated-Run on a Washington Savings Bank. W ASHINGTON, June 2.-A run is in progress on the National Savings Bank, where the run occurred Saturday. Nine-tenths of the persons drawing are colored people. They have taken warning from recent events, and have fortified themselves. The officers of the National Savings Bank are paying promptly, and say they have no intention of taking advantage of the thirty day clause, as they are in a condition is profit from the forfeiture of the account interest upon the deposits withdraw Middleton's statement is expented to be ready to-morrow. The Comptroller of the Currency appointed M. L.Bundy, of Newcastle, Ind, receiver of the Hot Springs National Bank.

19. June 3, 1884 New-York Tribune New York, NY
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WASHINGTON NOTES. WASHINGTON, Monday, June 2, 1884. THE MARINE NATIONAL BANK.-The Controller of the Currency returned to Washington this morning from New York, where he consulted with the receiver of the Marine National Bank and the bank examiner. He regards the situation in New-York as much improved, with every indication that it will continue to improve. APPOINTED RECEIVER.-The Controller of the Currency to-day appointed M. L. Bundy, of New-Castle, Ind., reselver of the Hot Springs National Bank. MEXICAN RECIPROCITY THEATY.-RepresentativeStewprt to-day introduced a bill authorizing the President to Issue a proclamation carrying into effect the Mexican Reciprocity Treaty whenever he is satisfied that the President of Mexico has issued alike proclamation. GRAND ARMY PETITIONS.-In the House, Measrs. Harmer and O' Nelli, of Pennsylvania, presented petitions of members of the Grand Army of the Republic, for the establishment and maintenance of a place of burial for the remains of the heroes of the late war. BILVER COINAGE.-In the House a bill was Introduced by Mr. Hutchins, of New-York, amending the act authorking the coinage of the standard silver dollar. It prorides that whenever the silver dollar in the Treasury

20. June 3, 1884 The Dallas Daily Herald Dallas, TX
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THE CRISIS AT THE CAPITAL. WASHINGTON June 2.-[Press.]-A run is in progress on the National Sevings bank, where 11. slight run occurred Saturday. Nine-tenths of the persons drawing are colored neople. The banks here have taken warning from recent events. and have fortified themselves. Officers of the National Savings back are paying promptly, and say they have no intention of taking advantage of the thirty day clause, as they are in a condition to profit from the forfeiture of acer ei interests upon deposits withdrawn. Middleton's statement is. expected to be ready to-mor W. The comptroller of the currency has appointed M. L. Bandy. of New Castle, Indians, receiver of the Hot Springs National bank.

21. June 5, 1884 The True Northerner Paw Paw, MI
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SOUTHERN. Inge & Mahone, who carried on an extensive tobacco business at Petersburg, Va., have executed a deed of trust for the benefit of their creditors. The junior partner is a son of Senator Mahone. The absence of the President resulted in a run on the Hot Springs (Ark.) National Bank, which was compelled to close its doors. A run was also begun on the Arkansas National Bank, amid great excitement. In a quarrel about a horse-trade near Dublin, Ga,, Stephen L. Padgett shot his brother Joe dead. Miss Medginer, the daughter of the Baltimore merchant, who had been missing for three days, was found near Phoenix Station, Md. Her mind had become unsettled by over-study, and it is feared that she will not recover her reason. Several inebriated men at Sharpsburg, Ky., amused themselves by shooting at lighted lamps in a grocery store. One of the lamps exploded and set fire to the building. The flames spread rapidly, and nearly all the principal business places of the town were destroyed. The total loss is placed at $40,000. The Belmont coal mines in Alabama, in which U. S. Grant, Jr,, is a principal stockholder, have closed down because of the Grant & Ward failure. In a shooting affray near Granby, Mo., resulting from an old grudge, John G. Koontze, ex-Postmaster, and Nathan Tabor, a merchant, were killed, and George Hudson, a desperado, seriously wounded. Hooper's building at Baltimore collapsed from the weight of cotton iteontained, the fourth floor first giving way, and forcing the others down. Of a number of persons in.the structure six bodies have been recovered. Three persons were fatally injured, and two others are missing and supposed to be in the debris. The Protestant Episeopal Convention at Baltimore, after thirteen ballots, failed to elect a bishop, and decided to hold a special session for that purpose in October, until which time the convention adjourned.

22. June 8, 1884 Wheeling Sunday Register Wheeling, WV
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THE FASCINATING CUSS. President Bruon Captivates His Crying Creditors. Hor SPRINGS, ARK. June 7.-Andrew Bruon, President of the Hot Springs Na. tional Bank has been made the recipient of marked attention from his sympathizers since his return A meeting of the depositors of the defunct institution was held this afternoon and Bruon's friends present heartily cheered his appearance He was introduced and spoke at length upon mat ters concerning the bank's affairs and many of his wavering auditors were substantially encouraged by the situation as he presented it. Bruon explained that his departure prior to the bank's collapse was purely in the interest of the institution's safety. He said the bank owes only $38,000. and from what he knew of its condition, the assets would amply pay all demands in full. Bruon, in an interview, said: Wants to Labor. "Let me assume charge of the bank, in place of a receiver, and letthe depositors appoint a committee to stay with me all day and take the money at night and lock it up, and I can wind up affairs and save the depositors every cent, and if I do take charge I'll work with a pick and shovel to pay every cent that the assets fail to cover." Bruno is now with his family here, and Mrs. Steele, the lady who figured so prominently in connection with his absence, has gone to her home at Syracuse, N. Y., accompanied by her step-father, Judge Bruyn.

23. June 15, 1884 Fort Worth Daily Gazette Fort Worth, TX
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HOT SPRINGS, ARK. The Affairs of the Hot Springs BankFlight of President Bruon-Died. Special to the Gazette. HOTSPRINGS, ARK., June 14.-Judge Bundy, receiver for the Hot Springs National bank, opened the doors of that institution and is issuing receiver's certificates to depositors and creditors. The bank cannot now pay anything on its liabilities. Its condition reveals a mass of rottenness, fraud and criminal management. Of the $86,000 of alleged assets the real value of the same will probably not go over $40,000, while the liabilities foot up $38,512 58. Andrew Bruon, president. who fled the state with a woman of questionable character, deserting his family, and who was arrested in St. Louis, is here under bond to appear at the next term of the United States court at Little Rock for trial upon the charge of fraud and embezzlement. It is believed by many that he will be sent to state prison for his various crooked transactions in connection with the bank. Dan. E. Howard of Chippewa Falls. Wis., a visitor of recent arrival, died near this city last evening.

24. June 18, 1884 Fort Worth Daily Gazette Fort Worth, TX
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HOT SPRINGS, ARK. Preparing to Celebrate the FourthThe Logan Boom-A Defunct Bank. Special to the Gazette. HOT SPRINGS, ARK., June 17.-Extensive preparations are being made in this city to celebrate the glorious Fourth. The Hot Springs Guards joined by the Quapaw Guards of Little Rock and all the local societies, trades and branches of business will be represented in a grand street parade. Receiver's certificates of claims on the defunct Hot Springs National bank are selling in this city at twenty-five to fifty cents on the dollar. In the Republican ratification meeting last night Logan appeared to be a favorite. To him is ascribed the credit of originating and securing the paseage of the bill in congress making an appropriation for erecting the Army and Navy hospital in this city.

25. March 2, 1885 The Indianapolis Sentinel Indianapolis, IN
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NATIONAL MATTERS. National Bank Dividends-More Talk of an Extra Session-Gold and Silver Prospects According to Secretary McCulloch, WASHINGTON, D. C., Feb. 28.-Rear Admiral Jewett, commanding the North Atlantic station, has been instructed to send a vessel of his squadron to relieve a number of destitute American citizens in the vicinity of Living. ston, on the west coast of Central America, where they bad gone for the purpose of engaging in work on the projected railroad. It is estimated that there has been a decrease of a little more than $3,000,000 in the public debt during February, The Comptroller of the Treasury has declared dividends payable to the creditors of insolvent National Banks as follows: The First National Bank, of Anderson, Ind.. third dividend, 14 50-100 per cent., making in all 39 50 100 per cent.; Hot Springs National Bank, of Hot Springs, Ark., second dividend, 20 per cent., making in all 50 per cent.: City National Bank of Chicago, Ill., final dividend,of 512 1,000 of one per cent., making in all 77 512-1,000, Senator Fair succeeded to-day in calling up and of having passed the bill reimbursing Harris Boy le and Mr. Babble, settlers on Duck Val ey Indian reservation, in Nevada, for the value of the improvement taken and appropriated by the Government for public use, amounting to $5,400. On motion, Senator Fair also bad passed, under a suspension of the rules, a bill providing for the payment of $9,021 to John M. Dorsey and William F. Shepherd, for beef sup. plies furnished the troops engaged in quelling the Indian disturbance in 1860 in that portion of Utah now the State of Nevada. =The probability of an extra session is again the subject of comment among Congre-smen. The Senate Committee on Appropriations has before it as much for three and a half days, including Sunday, as it would undertake to perform in as many weeks if the session were a long one. Members of the committee express the hope that they will be able to present the remaining bills to the Senate in time for action, but to do so will require them to work night and day. Two of the remaining bills, the Deficiency and Sundry Civil, are measures of indefinite detail, and their careful scrutiny at best by sub committees is held to be an imperative duty. Committee meetings will be in progress all day to-morrow and every night-perhaps ali night-until the final djournment. Secretary McCulloch said to-night, in speaking of the silver question, while be regretted the action of the House, he thought there was no danger that the country would be brought to the silver standard at an early day. "The condition of the country now," he added, "is favorable for the maintenance of the gold standard, inasmuch as the balance of trade is in our favor, and there are no prospects of its being against us for some months to come, Besides, there is 8 large amount of goid in this country outside of what is held by the Governmentand banks. and there is little disposition on the part of the American people to hoard their money.' The grand jury returned an indictment for embezzlement against D. W. Middletón and 8. E. Middleton, of the late firm of Middleton & Co., bankers of this city, The same jury found a number of indictments against Daniel Carrigan, late Chief Clerk of the Bureau of Medicine and Surgery of the Navy Department, for making and using false vouchers.