495. Bank of Lonoke (Lonoke, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1892*
Location
Lonoke, Arkansas (34.784, -91.900)

Metadata

Model
gpt-5-mini
Short Digest
a5d4632b

Response Measures

None

Description

Articles state the Bank of Lonoke suspended business in December 1892 and a receiver was appointed; no run is described. OCR errors in articles corrected (e.g., dates and names). The failure is attributed to the broader panic of 1892/1893, so I classify the cause as a macroeconomic panic and the episode as a suspension leading to closure/receivership.

Events (2)

1. December 1, 1892* Suspension
Cause
Macro News
Cause Details
Bank suspended and subsequently failed in the context of the panic of 1892/1893; articles note inability to repay county about 25% due to the panic and that a receiver was appointed and the bank was defunct thereafter.
Newspaper Excerpt
the Lonoke suspended business ... day of December 1892, the Lonoke suspended business appointed made an assignment. and was and of to charge receiver
Source
newspapers
2. June 7, 1895 Other
Newspaper Excerpt
he obtained a written statement from the receiver of the defunct bank ... that no fraudulent or irregular transactions existed during his administration of the bank's affairs. Mr. England is confident that the suits will be dismissed.
Source
newspapers

Newspaper Articles (3)

Article from Deseret Evening News, June 7, 1895

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Article Text

A TEST CASE. Bank President Charged With ViolatIng 813 Arkansas Statute. Los ANGELES, Cal., June 7.-C. W. England, the attorney who was are rested a few days ago on a warrant fom Arkansas, has returned. He WAS charged with having received, as president of the Bank of Lonoke, puble funds on deposit in violation of an Arkansas statute, providing that it should be embezziement for any person If corporation to loan or receive public unde. The funds were received prior to the present statute, but the failure If the bank during the panic during 1892 prevented the repayment to the


Article from The Herald, June 7, 1895

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Article Text

He Was Indicted, Apparently, as a Test Case HE RETURNED YESTERDAY Though Released at the County Line. He Went on And Comes Back With Documents That Go Far to Show That He Is Innocent of Fraud-The Details C. W. England, the attorney, who was arrested a few days ago on warrant from Arkansas. has returned. It be re membered that he was charged with having received. as president of the Bank of Lonoke. public funds on deposit, in violation of an Arkansas statute, providing that it should be embezzlement for any person or corporation to loan or re. ceive public runds. In the case of Mr. England 's bank the funds were received prior to the passage of the statute, but the failure of the bank during the panic of 1893 prevented the repayment to the ounty of about 25 per cent of the amount received. While it was never contended that Mr. England had fraudulently manipulated the affairs of the bank, he was indieted, seemingly as test case. When he heard that an indictment had been found. he telegraphed the circuit judge to have come the case set for trial and he would at once. but received a reply that the case could not be tried at that and that when he wanted he would be otified Nothing more was heard of the two after. his until matter Mr. England claims that his caused by W. H. Eagle influential on f certain account bank. citizen the or that county and director defunct had he recently depositions cases pending the Lonoke chancery in arrest his before court against Eagle. He letter time to make him suffer if he did not stop testifying against Eagle, and the deputy sheriff who came over to the arrest admitted arsest. cause of the tha the depositions were the the his friends county arriving in Arkansas, Mr Enghe and necessary with the He Lonoke. proceeded released with\the the of bank the from statement intention of obtaining a cases the in the pending and lawyers result their the the against He affairs. bank' the of investigations two little Lonoke stayed the but obtained hours, Mr. England sent statement The sired. bank follows: the the by LONOKE concern whom Ark., May 27, 1895, may Ou Bank of the day of December 1892, the Lonoke suspended business appointed made an assignment. and was and of to charge receiver W. day England erty. On the same the bank prop. appointed an made his of receiver was personal property estate, both and had have Loncke court appointed by charge continually the and wind up affairs of the bank. since that date of the the ting The attorneys same. various attachments interested, against the bank, to the books with have had free : has there far detected. The books been no false entry mately and fairly, and legiticharges against there no of on Lonoke. the president of the bank England, as false entries. of the account the to some but upon misdoings. The affairs or of covering extent. were mismanaged The so. not dishonestly properly and methods application for attributed banking to the lack of times strenuous the country bank over which causing W. known in with him boy: been associated England since a have and business act. guilty of dishonorable never known him failure of the bank of Lonoke After the went his friends land, by advice of Mr. EngCalifornia. and himself. for the health here, with the view of having failed left his leaving When be starting in busisecret He telegraphed where and every e knew our to from Angeles he would the come should needed here judge familie wife want add Mr. possible notice. our England best and his W. Receiver of the Bank P. FLETCHER the W. Mr. England assigned of Lonoke,a Sibley the suits on behalf attorney prosecuting J.E. for the Lonoke against Gatewood. the bank and also Colonel the creditors county same sent Mr. the bank effect above England o the Since ceived the Mr. England has associate the Thomas bank C. letter from Judge onel Gatewood Mr. Sibley and bunsel in ColArk., Dear England, esq. May ngeles, 28. 1895. Cal I will state that request persona! have been conBank of made as several with nected Lonoke, yet the books of the attorney of branches have bank. been Sibley, sociated with also yourself brought and Judge examinof the several ed the books and had with consultations the cerning each time they have any were find unable single to stated that they the with the books fraud to bank. connected suspicious entry in fact know that and before books have left some time custody of the Lonoke the and free Fletcher) possession and for engaged in of receiver litigation vestigation of the attorneys that state testimony which has the considerable ed by the read opinion chancellor in Lonoke and determine to occasion the bench took his court. there nothing your of prove fraud upon or even to raise all the THOS Mr. would England says TRIMBIR thinks the exonerate him that anything party of of the bank this of the matter he the and stated that of been the ought Mr. any land, of in stated ago Mr. friends England's that the the bank before


Article from Fort Worth Gazette, June 8, 1895

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Article Text

ENGLAND'S CASE. He Committed No Fraud and Has Been Released. Los Angeles, Cal., June 7.-J. W. England, the attorney who was arrested a few days ago on a warrant from Arkansas, has returned. He was arrested on a charge of having received as president of the bank of Lonoke public funds on deposit in violation of an Arkansas statute providing that it should be embezzlement for person or corporation to loan or receive public funds. The funds were received prior to the present statute, but the failure of the bank during the panic of 1893 prevented a repayment to the county of about 25 per cent of the amount received. While it was never contended that Mr. England had fraudulently manipulated the affairs of the bank, he was indicted, seemingly as a test case. Upon his arrival in Arkansas, Mr. England was met by his friends with the necessary papers and released. Before returning to this city he obtained a written statement from the receiver of the defunct bank, as well as from the lawyers who are prosecuting the suits, that no fraudulent or irregular transactions existed during his administration of the bank's affairs. Mr. England is confident that the suits will be dismissed.