451. Bank of the State (Little Rock, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 22, 1858
Location
Little Rock, Arkansas (34.746, -92.290)

Metadata

Model
gpt-5-mini
Short Digest
61acaa51

Response Measures

None

Description

Articles (1858–1859) show the Bank of the State of Arkansas has a Financial Receiver (Hugh G. Wilson) handling collections and trust sales, indicating the bank was placed in receivership and effectively closed. No contemporaneous run is mentioned.

Events (3)

1. July 22, 1858 Receivership
Newspaper Excerpt
Office of the Bank of the State of Ark., Little Rock, July 22d, 1858. ... I have to state in reply to your inquiry that neither Benjamin Johnson, Joel Johnson or Jas. S. Conway owe any thing whatever to the Bank of the State of Arkansas. Respectfully, etc., HUGH G. WILSON, Financial Receiver.
Source
newspapers
2. May 2, 1859 Other
Newspaper Excerpt
deed of trust executed to me as financial receiver of the Bank of the State of Arkansas, on the 2d day of May, A. D. 1859, by Absolam Fowler, for the use and benefit of said Bank
Source
newspapers
3. July 20, 1859 Other
Newspaper Excerpt
I will on Wednesday, the 20th day of July, A. D. 1859, at the front door of the court house of Pulaski county ... proceed to sell to the highest and best bidder for cash, the following negro property included in said deed of trust ... HUGH G. WILSON, Financial Receiver of the Bank of the State of Arkansas, Trustee.
Source
newspapers

Newspaper Articles (3)

Article from Arkansas True Democrat, July 28, 1858

Click image to open full size in new tab

Article Text

The Napoleon Planter Caught Lying. The Napoleon Planter of the 9th July made the assertion that Benj. Johnson owed the Real Estate Bank the sum of $29,600, Joel Johnson owed it $49,000 and Jas. S. Conway owed it $21,400 This statement of the Planter we denied and asked it, in justice to the three gentlemen thus slandered, all of whom are now dead, to correct the error into which it had fallen. Instead of doing so cheerfully, as any gentleman would have done, it reiterates the slander, and protests that the sums stated are still owing by Benj. Johnson, Joel Johnson and Jas. S. Conway. The Planter goes on the principle that "a lie well stuck to is as good as the truth." For the facts, we refer the Napoleon Planter to the following note from the Receiver in Chancery of the Real Estate Bank who is charged with the collection of all the debts due the bank and has in his possession all the books and papers belonging to it: OFFICE OF RECEIVER OF R. E. BANK, Little Rock, Ark., July 21, 1858. R. H. JOHNSON, ESQ.Sir: In reply to your note of this morning. I have to state that it appears from the books of this office that the debts of Benjamin Johnson, Joel Johnson and James S. Conway to the Real Estate Bank were paid in full to the late trustees prior to their removal from office. Respectfully your ob't serv't, GORDON N. PEAY, Receiver. This shows that these gentlemen owe nothing to the Real Estate Bank-that they have paid up every cent of their debts, and the fol lowing note from the Financial Receiver of the State Bank shows they owe nothing to that institution either: Office of the Bank of the State of Ark., Little Rock, July 22d, 1858. 5 Mr. R. II. JOHNSON-Sir: I have to state in reply to your inquiry that neither Benjamin Johnson, Joel John son or Jas. S. Conway owe any thing whatever to "the Bank of the State of Arkansas." Respectfully, etc., HUGH G. WILSON, Financial Receiver. Thus the statement of the editor of the Planter is shown to be a lie. Neither of the gentlemen mentioned owe any thing to either of the Arkansas Banks. Such lies, we cannot call the editor's lying assertions by a milder term, will do his candidates, Col. Furguson and Judge Patterson no service. If they have no better capital to go before the people upon than slandering the dead, they will live a long while before they will reach the summit of their ambition. As for Tucker, the editor of the Planter himself, he has gone to down-right lying, and is unworthy further notice.


Article from Arkansas True Democrat, June 29, 1859

Click image to open full size in new tab

Article Text

NOTICE. Trust Sale. Y virtue of a deed of trust executed to B me as financial receiver of the Bank of the State of Arkansas, on the 2₫ day of May, A. D. 1859, bv Absolam Fowler, for the use and benefit of said Bank, I will on Wednesday, the 20th day of July, A. D. 1859, at the front door of the court house of Pulaski county, Arkansas, between the usual hours of judicial sales, proceed to sell to the highest and best bidder for cash, the followi ing negro property included in said deed of trust, to wit: One negro man named Ben, about thirty-three years of age, and one negro girl named Hester, about eight years of age. Said deed of trust is duly recorded on pages 375 and 376, of Record Book C. No. 2, of said county of Pulaski. HUGH G. WILSON, Financial Receiver of the Bank of the State of Arkansas, Trustee.


Article from Arkansas True Democrat, July 13, 1859

Click image to open full size in new tab

Article Text

NOTICE. Trust Sale. virtue of a deed of trust executed to BY me as financial receiver of the Bank of the State of Arkansas, on the 2d day of May, A. D. 1859, by Absolam Fowler, for the use and benefit of said Eank, I will on Wednesday, the 20th day of July, A. D. 1859, at the front door of the court house of Pulaski county, Arkansas, between the usual hours of judicial sales, proceed to sell to the highest and best bidder for cash, the following negro property included in said deed of trust, to wit: One negro man named Ben, about thirty-three years of age, and one negro girl named Hester, about eight years of age. Said deed of trust is duly recorded on pages 375 and 376, of Record Book C. No. 2, of said county of Pulaski. HUGH G. WILSON, Financial Receiver of the Bank of the State of Arkansas, Trustee. June 29,1859. 3t.