396. Arkansas National Bank (Hot Springs, AR)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2832
Charter Number
2832
Start Date
May 27, 1884
Location
Hot Springs, Arkansas (34.504, -93.055)

Metadata

Model
gpt-5-mini
Short Digest
c02a26b2

Response Measures

None

Description

Multiple contemporaneous newspapers (May 27–28, 1884) report that the Hot Springs National Bank suspended after a run following the reported flight/absence of its president and alleged falsified accounts. A run 'has commenced' on the Arkansas National Bank of Hot Springs is repeatedly mentioned, but the Arkansas National is described as 'in good condition' and no suspension or closure of the Arkansas National is reported; the next-day report says no run occurred there. Thus the episode for the Arkansas National Bank is a run only.

Events (2)

1. December 5, 1882 Chartered
Source
historical_nic
2. May 27, 1884 Run
Cause
Local Banks
Cause Details
Panic/great excitement triggered by the run and suspension of the Hot Springs National Bank after its president reportedly absented/fled amid allegations of falsifying accounts.
Newspaper Excerpt
A run has commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition.
Source
newspapers

Newspaper Articles (10)

Article from Daily Kennebec Journal, May 28, 1884

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Article Text

Another Bank in Trouble. HOT SPRINGS, Ark., May 27. The Hot Springs National Bank closed its doors today, owing to a run on the bank, caused by the reported absence of the president, Andrew Bruon. The liabilities are $40,000. A run has commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition. There is great excitement.


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.


Article from The Indianapolis Journal, May 28, 1884

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Article Text

FAILURES ELSEWHERE. The Hot Springs National Bank SuspendsRun on the Arkansas National. HOT SPRINGS, Ark., May 27.-The Hot Springs National Bank has closed its doors, owing to a run on the bank caused by the reported absence of the president, Andrew Bruon. The liabilities are $40,000. This afternoon a warrant was issued for President Bruons's arrest, on charge of falsifying the bank's accounts, but he could not be found. One of the directors telegraphed that if the bank's assets were properly handled it will pay all depositors without assessment, but leave stockholders nothing. It has been learned that Bruon arrived at Little Rock on 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 Gazette says it has been discovered that he became infatuated with the woman and abandoned his wife for her. No effort will be made for his arrest. A run has commenced on the Arkansas National Bank, of Hot Springs, which is understood to be in good condition. Great excitement prevails.


Article from The Wheeling Daily Intelligencer, May 28, 1884

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Article Text

AN ARKANSAS BANK Closes Its Doorn After the Flight of the President. HOT SPRINGS, ARK.. May 27.-The Hot Springs National Bank closed its doore today owing to a run caused by the reported absence of President Andrew Brunon. Liabilities $40,000. A run commenced on the Arkansas National Bank, of Hot Springs, which is understood to be in a good condition. This afternoon a warrant was issued in Hot Springs for President Brunon's arrest, charged with falsifying the bank's accounts, but he could not be found. One of the directors telegraphed that the bank's assets properly handled will pay all depositors without assessment, but leave the stockholders nothing. The Arkansas Valley Bank is all right. It has been learned that Brunon arrived in Little Rock Friday, but WAR nutseen by his acquaintances until to-day, when he had bade good-bye to a woman named Steele, who went north in the afternoon. Brunon is married, but the Hot Springs Gazitte BAYB it has been discovered that he became infatuated with the woman and abandoned his wife for her. No effort was made here for his arrest.


Article from St. Paul Daily Globe, May 28, 1884

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Article Text

THE HOT SPRINGS NATIONAL. HOT SPRINGS, May 27.-The Hot Springs National bank has closed its doors owing to a run on the bank caused by the reported absence of President Andrew Bruon. The liabilities are $40,000. A run was commenced on the Arkansas National bank, which, it is understoon, is in good condition. There is great excitement. This afternoon a warrant was issued in Hot Springs for President Bruon's arrest, charged with falsifying the bank accounts, but he could not be found. One of the directors telegraphed that the bank 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 at Little Rock on Friday, but was not seen until 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 Gazette says, it is discovered he became infatuated with the woman and abandoned his wife for her.


Article from The Rock Island Argus, May 28, 1884

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Article Text

Hot Springs Excited. LITTLE Rock, May 27.-A Democrat's Hot Springs special says: "The Hot Springs National Bank has 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 at Hot Springe, which, it is understood, is in good condition. There is great excitement at Hot Springs." This afternoon a warrant was issued in Hot Springs for President Bruon's arrest, charged with falsifying the bank's accounts, but he could not be found. One of the directors telegraphed that the bank's assets, if properly handled, with pay all the despositors without an assessment, but 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 by to a woman named Steele, who went north on the afternoon train. Bruon is married, but the Hot Springs Gazette says it is discovered that he became infatuated with the woman and


Article from The Daily Dispatch, May 28, 1884

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Article Text

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 President Andrew Bruton. Its liabilities are $40,000. A run has commenced on the Arkansas National Bank, Hot Springs. which is understood to be in good condition. There is great excitement at Hot Springs.


Article from Daily Los Angeles Herald, May 28, 1884

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Article Text

Prentice Teller Pleads Guilty and in Sentenced to Five Years in the Penitentiary. ST. LOUIS, May 27.-When the case of Prentice Teller, the express robber, was called in he Criminal Court this morning his attorneys pronounced them. selves ready to proceed. The indictment was then read to the prisoner and he was asked to plead. To the astonishment of the Court Teller answered with a moment's hesitation, "Guilty, your Honor." There was a sensation succeeding this, but presently Judge Van Wagoner turned in his seat and ordgred the prisoner to rise and then sentenced him to five years' imprisonment in the penitentiary. This is the full penalty of the law for grand larceny. Tilden Interviewed-His Health Excellent. NEW YORK, May 27.-Yesterday a visit was made to Greystone for the pur pose of verifying a report printed in this morning's papers regarding the health of Mr. Tilden. After waiting a few min. utes in the reception room Mr. Tilden himself came in unannounced. He said that the report of his, failing health was a pure fabrication and utterly without foundation. That his health at present was better than it had been at any other time during the past year, and that he had merely run down to Greystone for a few days to personally oversee some improvements that he is making on the place. He said further that he expected to return to Gramarcy Park to-morrow. The Crash in Hot Springs. HOT SPRINGS, Ark, 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. Their liabilities are forty thousand The run commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition, There is great excitement. False Report About Lincoln, NEW YORK, May 27.-A false rumor was circulated here and probably in other cities this morning that Secretary Lincoln was killed. The Secretary is at his desk in the war department to-day and in his usual health.


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


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.