405. Hot Springs bank (Hot Springs, AR)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
May 1, 1884*
Location
Hot Springs, Arkansas (34.504, -93.055)

Metadata

Model
gpt-5-mini
Short Digest
97ee649a

Response Measures

Full suspension

Other: President allegedly absconded with funds; bank reported failed and president arrested.

Description

Newspaper accounts from late May 1884 describe a run on the Hot Springs bank, its failure/suspension around May 28, 1884, and the arrest of its president Andrew Bruon who apparently absconded with funds. No reopening is mentioned; failure/receiver assignment implied. Bank type not specified in sources.

Events (3)

1. May 1, 1884* Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors ran after troubles at the bank and subsequent discovery that the president absconded with funds; described as a disastrous run.
Newspaper Excerpt
When the recent disastrous run was made on the Hot Springs, Ark., bank...
Source
newspapers
2. May 28, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed/suspended following disappearance/absconding of President Andrew Bruon and alleged misappropriation of bank funds.
Newspaper Excerpt
the missing president of the Hot Springs, Ark., bank, which failed yesterday, was arrested here
Source
newspapers
3. * Receivership
Newspaper Excerpt
president of the Hot Springs bank, was arrested... It is supposed she knows where the money is which Bruon took from the bank.
Source
newspapers

Newspaper Articles (4)

Article from The Indianapolis Journal, May 29, 1884

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Article Text

FAILURES ELSEWHERE. Arrest of President Bruon, of the Suspended Hot Springs Bank. ST. LOUIS, May 28.-Andrew Bruon, the missing president of the Hot Springs, Ark., bank, which failed yesterday, was arrested here on an Iron Mountain train, this morning. Bruon was accompanied by a lady named Mrs. Steel, of Peoria, III., with whom he was reported to have fied from Hot Springs. Bruon and Mrs. Steel were first taken to the Laclede Hotel, and afterward to jail. He professed extreme willingness to go back, but says it is an outrage to take the woman too. It is supposed she knows where the money is which Bruon took from the bank.


Article from The Dallas Daily Herald, May 29, 1884

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Article Text

ST. LOUIS, ST LOUIF, May 28.-[Special.]-Andrew Bruon, "president of the Hot Springs bank that failed yesterday, was arrested here today. It was discovered that he left Little Rock last evening with e woman named Mrs. Steele, who he called his hall sist er. A detective traveled with them, and just as the train reached St. Louis, took the pair into custody. The man will be taken back to Hot Springs to-morrow. but the woman will probably be released. Bruon left a family in H it Springs. Frank Nowata, killed himself this morning with arazor. He was a brick maker, and is said to have recently come here from Sherman, Texas. No cause is assigned except 16 mporary insanity. It is reported here to-day on good au. therity that the troubles of the Wabash railroad are to be settled by the appointment of two receivers. and that their names will be given out to-morrow.


Article from Iowa County Democrat, June 6, 1884

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Article Text

CRIME THE postoffice at Kenney, De Witt county, Ill., was robbed last Sunday night of over $200 worth of postage stamps and $150 in money and jewelry. COL. L. E. Edwards, inspector-general of Fifth division of the Texas State guards, died from the effects of a knife wound sustained in an encounter with J. L. Wrenn, about three weeks ago. HAWLEY & Co., of Boston. owe $342,000, with assets of only $32,000. The creditor: are arranging for an indignation meeting. AT Madrid, Iowa, Tuesday night, unknown persons invaded the law office of A. R. Webb, and wrecked his costly library, tearing the books and throwing the fragments into the street. ON the outward-bound steamer at Quebec John C. Eno, the New York absconder, was captured Saturday morning. His companion who was dress d like a priest escaped. THOMAS J. WATSON, the oil broker, who hastily quitted Pittsburg Friday night, was arrested Satu. day morning at Jersey City. A judgment a ainst Watson for $30.000 was entered by the Armenia In-urance Company. A HORRIBLE tragedy occurred in Albany, New York, Friday night, an insane mother killing her five little children, and then with aBother child in her arms, throwing herself in front of a moving railway train and being crushed to death. IT is now announced from Pittsburg that President Biddle, of the wrecked Penn. bank. of that city, by fraudulently representing imaginary firms, "absorbed" about four millions of the bank's money in a "blind pool" of speculation. PRESIDENT BRUON, of the failed Hot Springs bank, was arrested at St. Louis Wednesday exorning in company with a woman named Mrs. Steele, of Peoria, III. They were imprisoned. Bruon is willing to go back, but declares that there is no necessity for the woman to go. At Hot Springs the excitement has abated, and the run on the other bank has ceased. Mks. ELLEN LONG, on trial at Princeton, Wis., for the murder of the boy Harvey Whittemore, testified Saturday that she had discussed with the boy's father the question of killing Mrs. Whittemore, and that she gave peisoned caramels to the latter, believing that in case of her death Whittemore would live with her. Whittemore has been arrested as an accessory to his son's murder. THERE is much excitment in the village of Oak Crewk, near Milwaukee, over the action of the relatives of Horace Baldwin in sawing off his legs when he died last week to make them fit in the coffin. Baldwin was six feet seven inches tall, and when the day of the funeral came it was found that the body was too long for the coffin, and a nephew severed the feet from the body with a common saw. While at work he thought Baldwin moved. and he fell in a dead faint, when another relative finished cutting off the limbs.


Article from The Sedalia Weekly Bazoo, June 24, 1884

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Article Text

Divine Aid. Texas Siftings. When the recent disastrous run was made on the Hot Springs, Ark., bank, an old fellow who had come to town with a sack of fish, stopped on the sidewalk and in astonishment viewed the excited crowd. "What's the matter with all these folks?" he asked of a bystander. "Why the bank is about to break and they want to draw out as much of the money as possible." "If that's the case I'm with "em. Been lookin' for somethin' o' this sort for some time," and, dropping his sack of fish he crowded hls way into the bank, fought his way to the cashier's window and said: "Here. Cap'n, hand her out." "Hand what out." "Money. Give me my shere." "What is the amount of your deposit? Where's your check?" The old fellow did not understand and the cashier continued "How much money did you put in here? "Didn't put none in. What do you take me for Thought it was a sorter free fight." "Stand aside, old man." "Hold on. If the government's busted, why don't you divide up. Say gimmy ten dollars an' "Heall its quar. He was thrust aside, and finding himself near the door. he thought of his fish and hurried to the place where he had left them. The sack was goue. "Whar's them fish." he exclaimed. turning to a cripple, who, with & ghastly expression, leaned on his crutches. "I don't know." "Yes you do know. Bet you ran away with 'em." "I look like running away with anything," sighed the poor fellow. "Wall it ain't your fault if you don't 'an if you wasn't a cripple an bigger'n I am I'd whale you. Anybody seed a sack o' fish?" he cried, and rushing into the street, he accused nearly every one he met. The circuit judge was upbraided. the county court clerk was called a thief, and the minister of the town was rudely jerked to one side and told that if he did no n immediately surrender the sack of fish the air would be full of his tattered r wardrobe. d In a tumble-down cabin, at the end n of a squalid alley, sat an old negro contemplating with the steady eye 0 y satisfaction a gleaming array of brass e pike, sunfish and goggle-eyed perch. "Law, Nelson. whar'd yer git al g dem fish asked a woman who en tered and put down a bundle of dirt y clothes. 11 "De Sabier sent em' honey, fur d e Lawk hab dun had His eye on m ts appertite an' longin' fur fish fur som u time. De Lawd made er white ma of go an' ketch 'em, chile, an' fetch 'en ter to vn. When de white man me me, he put down de fish an' schrouge iinter de bank airter money an' I ha Id ebery reason ter beliebe dat when h