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

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
25733716

Response Measures

Full suspension, Books examined

Other: Receiver issued certificates; criminal charges/flight of president noted.

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

Contemporary reports (May 27, 1884) describe a run triggered by rumors of the president's absence; the bank closed its doors the same day. A receiver (M. L. Bundy / Bandy reported) was appointed in early June and receiver's certificates were issued; the institution did not reopen. Later reporting documents embezzlement/fraud by President Andrew Bruon. I treat the immediate run cause as rumor/misinformation (reported absence), and the suspension/closure cause as bank-specific adverse information (fraud/embezzlement revealed). OCR name variants (Bruon/Brown) refer to the same person; I retain 'Andrew Bruon' as in most articles.

Events (6)

1. February 17, 1883 Chartered
Source
historical_nic
2. May 27, 1884 Run
Cause
Rumor Or Misinformation
Cause Details
Run triggered by reports/rumors that President Andrew Bruon (Brown/Bruon) was absent/missing, provoking panic withdrawals.
Measures
Bank closed its doors (suspended) in response to heavy withdrawals.
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 Bruron.
Source
newspapers
3. May 27, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed the run and was later associated with discoveries/charges of falsified accounts and embezzlement by President Andrew Bruon; directors indicated assets would pay depositors but stockholders would be wiped out.
Newspaper Excerpt
The Hot Springs National Bank has closed its doors owing to a run on the bank...
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 Newcastle, Ind., receiver of the Hot Springs National Bank.
Source
newspapers
6. June 14, 1884 Other
Newspaper Excerpt
Receiver Bundy ... announces to-day that there is no money to pay the depositors, and receiver's certificates are being issued.
Source
newspapers

Newspaper Articles (24)

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 Eureka Daily Sentinel, May 28, 1884

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state further that the account of a prominent oil dealer was overdrawn $97,000. These two accounts of overdraft are in excess of the entire capital and surplus of the bank. The directors have appointed a committee of employes, as experts, to go over the books and report as speedily as possible. The Grants Assignment. NEW YORK, May 27.-Individual schedules in the assignment of Federick D. Grant and Jesse R. Grant to James McNamee were filed in the court to-day. The schedule of Frederick D. Grant shows the following debts. The liabilities amount to $2,215,066, made up as follows: Creditors other than preferred, $820,300; creditors preferred, $243,966; contingent liabilities, $10,000; par value of securities borrowed from Grant & Ward, $1,140,800; assets, nominally. worth $1,990,013, actual worth unknown. Among the creditors preferred are Ulysses S. Grant, 5,000; Mrs. Fred D. Grant, $6,000; no security. The schedules in the assignment of Jesse R. Grant shows debts and liabilities of $95,429, and assets, nominally, $131,950. Prentice Teller Pleads Guilty. ST. LOUIS, May 27.-When the case of Prentice Teller, the express robber, was called in the Criminal Court this morning, his attorneys pronounced themselves as 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 without & moment's hesitation, "Guilty, Your Honor." There was s sensation succeeding this, but presently Judge Van Wagoner turned in his chair and ordered the prisoner to rise, and be sentenced him to five years' imprisonment in the penitentiary. This is the full penalty of the law for grand larceny. The Condition of Tilden. NEW YORK, May 27.-Yesterday a correspondent called at Greystone for the purpose of verifying the report printed in & morning paper regarding the health of Mr. Tilden. After waiting & few minutes 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 foundstion; that his health at present was better than it had been at any time during the past year, and that he had merely run down to Greystone for & few days to personally oversee some improvements that he is making on the place. He said further that he expected to return to Gramercy Park to-morrow. Received a Life Sentence. DETROIT, May 27.-David Stone, & halfwitted uncle of a little girl six years old, Lulu Dick, was arrested last week on suepicion of having outraged and murdered her. He was taken into the Court without public knowledge and sentenced to the State Prison for life. He was then put into a close carriage and driven across the county to Jackson, where be arrived early this morning. Extraordinary provisions were taken on account of the intense feeling at Hillsdale, to avoid lynching him. A Crank. BELLE PLAIN, Iowa, May 27.-Samuel Dunlap shot his wife three times and then cut his own throat. Deceased was highly respected. sober and industrious, and financially well situated. The motive for the rash act is unknown. He was about 35 years of age. He leaves four children, the oldest 13 years old. His wife is still living, with but little prospect of recovery. Another Bank Closed. 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 the President, Andrew Bruon. The liabilities are $60,000. A run was commenced on the Arkansas National Bank, Hot Springs, which is understood to be in good condition. There is great excitement. Jack Morris Surrenders. MILES, M. T., May 27.-Jack Morris, the cowboy who shot Iron Heart, the Cheyenne chief, has surrendered. He claims that he acted in self-defense. The Indians threaten to take to the warpath. Women and children are coming in from the outlying ranches in great alarm. 150 People Injured. CHATHAM, Ont., May 27.-During the holiday games to-day the grand stand collapsed, and 150 people were injured, several seriously, but no fatal results are feared. The injuries consisted of broken arms, legs and ribs. Some were injured internally. Lincoln Reported Killed. NEW YORK, May 27.-A false rumor was circulated here, and probably in the other cities this morning, that Secretary Lincoln had been killed. The Secretary was at his desk in the War Department to-day in his usual health. Condition of President Riddle. PITTSBURG, Pa., May 27.-President Riddle slept fairly last night, and this morning was sufficiently recovered so as to enable his friends to remove him to his residence. Change of Climate. Old settlers in Nevada do not believe


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.


Article from The Rock Island Argus, May 28, 1884

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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 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.


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


Article from The Rock Island Argus, May 28, 1884

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Bank Failure at Hot Springs. LITTLE ROCK, Ark., May 28.-A 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 Brown with a balance to his debit of $40,000. The run commenced on the Arkansas National bank, of Hot Springs, which, it is understood, is in good condition. There is great excitement at Hot Springs.


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.


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. -


Article from The Dallas Weekly Herald, May 29, 1884

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HOT SPRINGS. HOT SPRINGS, May 29.-[Special.]-A special government agent arrived this evening to examine the affairs of the Hot Springs National bank, and depositors are less gloomy than at any time since the failure: assurances having been extended of a probably full settlement. Bruon, the defaulting president, has not yet arrived. The feeling against him is very strong, but no violence is apprehen ded. ST. LOUIS, May 29 - -Deputy United States Marshal Faikerburg and Chief of Police Toler, of Hot Springs, arrived here this morning with warrants for the arrest of Andrew Bruon, president of the suspended Hot Springs National bank, and Mrs. G. W. Steel, who accompanied him. This afternoon they were taken before a United States commissioner and information filed against them. the former being charged with embezzlement and the latter with aiding and abetting him. Bruon's bond was fixed at $10,000 and that of Mrs. Steel at $2.500, which neither could furnish. A warrant of removal was then applied for and the prisoners will be taken back to Hot Springs by the officers.


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


Article from Weekly Phoenix Herald, May 29, 1884

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FIRST MESSAGE. ROCKPORT. Mass., May 28-The first message by the commercial cable was received at Rockport yesterday afternoon. AN ARKANSAS BANK CLOSED. HOT SPRINGS, Ark., May 28-The Hot Springs National Bank closed its doors yesterday, owing to a run on the reported absence of the President, Andrew Brown. Liabilities, $40,000. A run has commenced on the Arkansas National Bank, at Hot Springs, which is understood to be in good condition. Great excitement.. WILL RESUME. NEW YORK, May 27.-The West Side bank claims that it will shortly resume. Nothing is known of the whereabouts of the defaulting teller, Hinckley,


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,


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


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.


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.


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.


Article from The Dallas Daily Herald, June 3, 1884

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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.


Article from The True Northerner, June 5, 1884

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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.


Article from The Daily Cairo Bulletin, June 15, 1884

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NO MONEY FOR DEPOSITORS. Announcement of the Receiver of the Hot Springs National Bank. LITTLE ROCK, ARK., June 14.-Receiver Bundy, of the broken Hot Springs National Bank, announces to-day that there is no money to pay the depositors, and receiver's certificates are being issued. A statement of the bank's condition shows over $38,000 liabilities, with nominal assets of $86,000, of which $39,000 are thought worthless and with therefore, not pay the liabilities.


Article from Fort Worth Daily Gazette, June 15, 1884

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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.


Article from Fort Worth Daily Gazette, June 18, 1884

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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.


Article from Fort Worth Daily Gazette, July 4, 1884

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HOT SPRINGS. ARK. Extensive Preparations for To-Day's Celebration-Bruon's Card. Special to the Gazette. HOT SPRINGS, ARK., July 3.-Most extensive preparations are made in this city for the Fourth and the grandest public demonstration will be made to-morrow ever witnessed in the history of this place. The Quapaw Guards of Little Rock, one of the best military companies in the Southern states, arrived this evening and will participate in the imposing programme. Andrew Bruon, president of the suspended Hot Springs National bank, publishes a card in this evening's Sentinel entering a general denial of any defalcation on his, part in connection with said bank.


Article from The Indianapolis Sentinel, March 2, 1885

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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.