490. Stoddard's bank (Little Rock, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 16, 1874
Location
Little Rock, Arkansas (34.746, -92.290)

Metadata

Model
gpt-5-mini
Short Digest
f6726823

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Dec 16, 1874) report Stoddard's Bank in Little Rock had 'suspended' and that a chancery court appointed a receiver to take charge of the bank and its property. The articles do not describe a depositor run; they report investigation into state funds on deposit and the appointment of a receiver, consistent with a suspension followed by closure/receivership.

Events (2)

1. December 16, 1874 Receivership
Newspaper Excerpt
This afternoon the State's counsel obtained an order from the Chancery Court appointing a receiver to take charge of the bank and property belonging to the firm.
Source
newspapers
2. December 16, 1874 Suspension
Cause Details
Articles report a suspension but do not state an explicit cause; contemporaneous reports mention rumors about state deposits and subsequent chancery action to appoint a receiver.
Newspaper Excerpt
A rumor has prevailed on the streets for several days that the State had on deposit at Stoddard's bank at the time of the suspension
Source
newspapers

Newspaper Articles (5)

Article from The Wheeling Daily Register, December 17, 1874

Click image to open full size in new tab

Article Text

the general school law which race a distinction. be that none of the that was made it no might the He necessary colored stated boys would be able to pass examination, or they might be wholly school withdrawn. More than this the board might deem it necessary e establish the branch school and thus dispose of the a question in a way consistent with the views and feelings of the pupils of high school. Arkansas State Deposits in a Sas pended Bank. LITTLE ROCK, December 16. A several rumor has prevailed on the streets for days that the State had on deposit at Stoddard's bank at the time of its suspension large sum of money, and a committee a was appointed by the Senate to investi- made the matter. The committee report gate to-day, by which it appears that the State had about $26,000 in currency at and $32,000 in State scrip in the bank the time of its suspension. This money colwas left at the bank by the county lector, and the Deputy Treasurer accepted the check on the bank in their settle ment. This evening the States counsel obtained an order from the Chancery take Court, appointing a receiver to be charge of the bank and the property longing to the firm. The Election. The Governor to-day issued his proclamation, declaring the result of the 3. Congressional election on November in the First district, C. Gan-e, Demo 1,244 over Rogers, Republican crat, Second district, W. F. Slemons, Democrat, 1,681 over Clayton, Republican DemoThird district, W. W. Wilshire, 3,990 over Hynes, Republican erat Fourth district, Thompson, Independ ent Democrat, 7,037 over Sands, Republican. A fire at Forest City to-day, destroyed and the Western Union telegraph office, several other buildings. The Proctor-Moulton Case. NEW YORK, December 16. Benjamin ProctorD.Silliman, the referee in the Moulton case, has filed his report in the Court. He reports that the imputations and statements in the publication made and upon and concerning the character conduct of the plaintiff are wholly and absolutely untrue, and that the defendant, by his counsel, in disclaiming malice in the publication, admitted the truth of such imputations and statements, and cites the terms of the final settlement before published. Alabama Claims: WASHINGTON, December 16 the of Commissioners for the Alabama claims Court to-day, General Creswell and Judge R. M. Corwine argued the case of the whale ship Splendid, which was the driven out of the Arctic ocean by Shenandoah which caused the breaking of the voyage and the loss of outfit; up refit and investment amounting to the thousands of dollars. The United States many demurred and denied the right the owners of the Splendid to recover be under the law, claiming there could desno recovery except for property trayed. To this Mr. Corwine replied that the provided for two classes of claims act First, those which result from a partial loss, and that whenever there was proof of actual loss, recovery followed as the matter of course. The Court held matter under advisement. The same gentlemen will argue the interesting question, of the right of fund the British subject to participate in this vessel. for loss accruing on an American the subject being a resident of the United States when the loss occurred. and has continued ever since. The Centennial Tea Party The centennial tea party to-night, in rotumda of the capitol, attracted the crowded assembly, Among the guests with the President and cabinet, were King Kalakaua, the judges of the su preme court, foreign ministers, officers Sher- of and nauy and General the army Secretary Robertn delivered an address man. in the old hall of Representatives Destructive Fire in Arkansas. MEMPHIS December 16.-A Forest Arkansas special to the Associated o'clock City, Press says: A fire broke out at this morning, in the court house building of which, together with a large portion A the records, were soon destroyed. gale from the southeast soon car strong ried the flames to Gurley's billiard hall, loss which with the stock, is an entire The large store of Issard & Prewett followed. Soon Pope Brothers building tel also in flames, in which were the was egraph and Times office. The telegraph the instruments and most of the cases of Times office were saved. The fire then proceeded down Washington street, east destroying Reed & Brown's barber side, shop and Dye's drug store, the latters most of his stock. The fire WN checked ing in this direction by the alley store but communicated to M. Isaac's in whose loss will reach $6,000; insured the American Central for $2,500. Gray & Shiere's drug store and Sorey & Co.' The were also soen in flames. grocery total loss will exceed -30,000. with less than $10,000 insurance. Issard & Prew- inett's loss will reach $15,000; partly sured. Indian Affairs. WASHINGTON, December 16 Clinton Rush Fiske, Chas. E. Hammond, B. Roberts, B. and John A. Long, of the Board of Indian Commissioners, " the recently visited the Indian territory. have made report from St. Louis, in which they make the following recommendations First-A territorial government executive shall be appointed by the whose Presi dent of the United States, and the legislative body shall be elected by people of heterritory Second-The establishment of United States courts within said territory Third-A delegate in Congress. Action of Methodist Judicial Confer


Article from The New Orleans Bulletin, December 17, 1874

Click image to open full size in new tab

Article Text

ARKANSAS NEWS. LITTLE Rock, Ark., Dec. 16.-A rumor has prevailed on the street for several days that the State had on deposit at Stoddard's bank at the time of the suspension, a large sum of money. A committee was appointed by the Senate to investigate the matter, and report to-day, by which it appears the State had twenty-six thousand in currency and thirtytwo thousand in State scrip in the bank at the time of the suspension. This money was left at the bank by the County Collector and Deputy Treasurer, accepted checks on the bank in their settlement. This afternoon the State's counsel obtained an order from the Chancery Court appointing a receiver to take charge of the bank and property belonging to the firm. The Governor to-day issued a proclam declaring the result of the Congressional election in November. L. C. Gause, W. F. Slemans, W. W. Wilshire, Thomasson and T. M. Gunter, all Democrats, are declared elected.


Article from Alexandria Gazette, December 17, 1874

Click image to open full size in new tab

Article Text

The State of Arkansas had $26.000 in currency and $32,000 in State scrip in Stoddard's bank, at Little Rock, at the time of the recent suspension. The county cellector had left the money at the bank, and the deputy treasurer accepted checks on the bank in their settlement. The State has obtained an order from the Chancery Court appointing a receiver to take charge of the bank and the firm's property.


Article from New Orleans Republican, December 17, 1874

Click image to open full size in new tab

Article Text

FROM FIRST PAGE and Chicago reileved. maring trouble if they took the train Less. Finding Marila gone, his friends swore ent a watsent charging Ray with kidnapping. and special constables started in each direction to attempt his eanture. He was overhanied near the Battle Ground by Pay. master Keiter. of the Short Line railroad, and brought back to the vity. Ray will have 4 proliminary examination :- morrew merning before EmpaireJenka Embegzlement. December 16-Robert Stabb foreign elerk of Drexel & beldin $20,000 bail for alleged embezzlement of the sitim of $30.000 by false entries Municipal Elections. BOSTON. December 16.-Cobb 1. elected mayor. The Democrats loss one alderman and gain seven councilmen. Newburyport and Lowell elect Reform candidates 0.07 regular Republican nom:need Mire Lossen. The Inmes By the Plympton and WareLam state: fires are ever $500,000. Important Decision. United States District Court Judge Low. gaves decision in the cases of the United and Etate against she brig Mary Celeste schooner Sylvia W. Swasey. Proceedings were brought under information filed by the district attorney alleging that the vesmele were of American build. that during the late was ever transferred to British owners THE subsequently the vessele were wold to American owners. and they took out new papers of registration. swearing thereis that the vessele were of foreign registere and that they had been wrecked in American waters. The court finds that the law Las been violated and condemns the vessels. Fire in Forest City. Arkansas MEMPHIA. December 16.-A Forest City, Arkansas, special to the Associated Press saye a fire broke out at seven o'clock this anorning in the courthouse building. which, gether with a largeportion of the records. was soon destroyed. A strong gale from the southeast soon carried the flames to Gurley's billiard hall. which. with the stock. 18 an entire less. The large store of Izzard & Prewett followed soon. Pope Brothers building was also in fiames. in which were the telegraph and Times offices. The telegraph instruments and most of the cases of the Times office were saved. The fire then proceeded down Washington street, east side, destroying Reid & Brown's barber shep. Dye's drug store. he saving most of his stock. The fire was checked in this direction by an alley, but communieated TO M. Isaac's store. hose loss will reach $6000; insured in the American Central for $2500; Grav & Shire's drug store and Levy & Co.'s grocery store were soon also in fiames. The total loas will exceed $30,000. with less than $10,000 insurance. Izzard & Prewett's loss will reach $15,000; partly insured. Loss of State Funds. LITTLE ROCK, Ark., December 16-A rumor has prevailed on the street for sev. eral days that the State had on deposit at Stoddard's bank, at the time of the suspension. a large sqm of money. A committee was appointed by the Senate to investigate the matter and report to-day. by which it appears the State had $26,000 in currency and $32,000 in Statescrip in the bank at the time of the suspension. This money was left at the bank by the county collector. and the deputy treasurer accepted checks on the bank in their settlement. This afternoon the State's counsel obtained an order from the chancery court appointing a receiver to take charge of the bank and property belonging to the firm. Result at the Congressional Election. The Governor to day issued a proclamation declaring the result of the eongressional election in November. L. Gause, A. F. Slemons, W. W. Wilshire. Thomasson and T. M. Ganter, all Democrats. are declared elected. Fire in Banger. BANGOR. Me., December 16-A $70,000 11 occurred here to-day. Reorganizing Confederate Cavalry. AUGUSTA. Ga., December 16.-The eurvivors of the First Cavalry Brigade, army of Northern Virginia, held their session here today. A temporary organization was effected, and General M. €. Butler. of South Carolina, elected chairman. A cavalry battalion of five companies escorted the veterans, making an imposing parade through the streets. A tournament took Place at the fair grounds. General Wade Hampton delivered an address at the Opera House to-night. There will be another parade to-merrow. The festivities will wind up with grand ball. Admiral Semmes lectures here Friday night on The Cruise of the Alabama," for the benefit of the Young Son's Catholic Society. Destroyed by Fire. HARTFORD, December 16.-The large mill in Warehouse Point, occupied by the Leonard Silk Company and the Chapin & Barber Silk Company, was totally destroyed by fire this evening. The mill and outbuildings covered about two acres and about twenty hands were employed in it. Total loss probably over $500,000. The fire was the work of an incendiary. The gas worksof the factory supplied the village also, and the fire left the inhabitants in darkness. The loss is a severe one to the village as well as to the owners of the mill. Lesses by the Charleston Fire. CHARLESTON, December 16.-A further investigation shows that not exceeding 2200 bales of cotton were burned in the fire yesterday. The entire loss of the Liverpool, London and Globe Insurance Company will not exceed $25,000. How Charleston Aids Her Commerce. The new freight railroad to-day began the actual transfer of through freight from the steamship piers to the depots of the railroads connecting with the interior. Vicksburg Gratified. VICKSBURG. Miss., December tollowing dispatch was sent from this city to day: VICKSBURG, December 16. 1874. To Hon. L. C.Q. Lamar, Washington D. C: The people of Vicksburg thank the House of Representatives for the appointment of a committee of investigation, and hope the committee will come here at once. RICHARD O'L EARY Maxor


Article from Evening Star, December 18, 1874

Click image to open full size in new tab

Article Text

ARKANSAS FUNDS IN A SUSPENDED BANK. A telegram from Little Rock. Ark., dated December 16, says:-A rumor has prevailed on the streets for several days that the state has on deposit at Stoddard's bank at the time of suspension a large sum of money. A committee was appointed by the senate to investigate the matter, and to-day they made their report, by which it appears that the state had 826,000 in currency and $32,000 in state scrip in the bank at the time of suspension. This money was left at the bank by the county collector, and the deputy treasurer accepted checks on the bank in their settlement. This afternook counsel for the state obtained an order from the chancery court appointing a receiver to take charge of the bank and the property belonging to the firm.