First National Bank (Anadarko, OK)

Episode Information

Episode UID
590501219
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
59050 national
Charter Number
5905
Start Date
July 19, 1901
Location
Anadarko, Oklahoma

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
73ffc859d8bd1d59

Response Measures

None

Receivership Details

Date receivership started
1941-01-17

Events (4)

1. July 16, 1901 Chartered
Source
historical_nic
2. July 19, 1901 Other
Newspaper Excerpt
A certificate has been issued to the First National bank of Anadarko to begin business with a capital stock of $25,000.
Source
newspapers
3. October 28, 1907 Suspension
Cause
Government Action
Cause Details
Acting governor's proclamation declared a six-day legal holiday closing all Oklahoma banks because reserve centers (KC, St. Louis) refused to forward currency; action to protect against runs.
Newspaper Excerpt
Acting Governor Filson today issued a proclamation closing the banks of the territory for six days.
Source
newspapers
4. January 17, 1941 Receivership
Source
historical_nic

Newspaper Articles (11)

Article from The Wichita Daily Eagle, July 19, 1901

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OUTLINES OF OKLAHOMA. The appointment of Ed Korns, of Newkirk, as deputy coal oil inspector has been confirmed. The beer supply was exhausted at El Reno at noon Sunday and all the saloons closed, except those that had tin-top. A tin cup, an umbrella, a pair of overalls and a camp stool are equipments most needed by pilgrims to El Reno. The Presbyterians prove their faith by their good works at Pond Creek. They have purchased property there for a big church. The Pawnee Indians are visiting the Wichita Indians near Anadarko and will remain with them a month. This is the Indian visiting season. Wherever the eye turns in Oklahoma it sees a threshing machine throwing a stream of straw out of a long tube that looks like a thirteen-inch gun. It is rumored at Guthrie that Cupid has at last taken a center shot at the heart of Otto Beckemeyer. His brideto-be is a bright and popular widow. Ransom Payne is keeping a lodging tent at El Reno during the registration boom. You can expect to find a man in any kind of business at El Reno at present. George Finch, the statesman of Harper county, has fixed himself for claim No. 1, and is waiting for fortune to do the rest. He is at El Reno nursing a large, juicy hunch. An ex-Confederate colonel at Oklahoma City offers to bet that the best claim in the new country will be drawn by a negro. He is opposed to the drawing plan for that reason. The man who gets next to Judge Museller or Dan Peary, after the drawing is the man who will get a good piece of land. Both of them have been over every foot of the new country. Some one with an imagination not altogether adapted to facts says that when the water supply gave out during the Enid blaze watermelons were thrown into the fire with good results. A certificate has been issued to the First National bank of Anadarko to begin business with a capital stock of $25,000. Thomas F. Woodward is the president and J. N. Descombes is cashier. Eph. Brindley, of Blaine county, rode horseback to El Reno to register and took his newly wedded wife behind him. They cut a queer figure as they rode into El Reno, and were guyed by the crowd. Queer things happen in Oklahoma. The biggest roar heard on a Choctaw railroad train Monday night because the company failed to supply water to the passengers came from Pat Cassidy, of Shawnee. The ice man, the notary public, the lemo-lemo speeler, the hotel man and the small bottle dΓ©aler are all prospering at El Reno, but they aren't in It with the man who runs the bus line. He is the real reigning monarch of El Reno. Mayor Tom Hensley, of El Reno, is in every respect showing the right spirit during the boom. He is keeping a level head on his shoulders. It is no easy thing to be mayor of a town whose transient guests outnumber the residents three to one. Syl Dixon, the Kansas wheat king, is at El Reno making out papers for the boys, and is doing a rushing business. He is mighty good to the newspaper men who want to register, and they are making the bread that he casts upon the water return in his direction. Col. J. W. Johnson, of Oklahoma City, says that Bill Cross is the logical candidate of the democracy of Oklahoma for delegate to congress. No Democrat can be considered a logical candidate for that position. A Democrat representing any country needing rapid development is at variance with all logic. The spirit of hold-up Is stronger at Oklahoma City than It is at El Reno. The boomers who pass through Oklahoma City are compelled to pay 10 cents for a sandwich that they can get at El Reno for a nickel. Oklahoma City people are making a serious mistake in their treatment of the boomers who pass through there. Over 600 men and women of all classes laid down on the depot platform at Oklahoma City Monday night and slept there till the morning trains arrived. It was a queer sight. Nothing on earth reduces classes to an equality like the democracy of fatigue. In this blvouac of the tired were merchants, milliners, lawyers, doctors, editors, typewriters, society women, school ma'ams and preachers, all clasped in the embrace of Morpheus. They were returning from El Reno.


Article from The Laramie Republican, October 28, 1907

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Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.


Article from Deseret Evening News, October 28, 1907

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# OKLAHOMA BANKS # CLOSED BY PROCLAMATION Oklahoma City, O. T., Oct. 28.-On demand of the bankers of the territory, Acting Gov. Charles Filson has issued a proclamation closing the banks of the territory for a week. The action was taken because the banks of Kansas City and St. Louis refused to forward cash to the banks of the southwest. It is said that a consultation of the bankers of Oklahoma, Indian Territory, Arkansas and northern Texas by means of telephone took place during the early hours this morning, and all have taken a similar action. There had been no uneasiness In this city and the bankers say the deposits last week were greater than at any previous week in the month. The closing is for the purpose of protecting the banks in case of a run. Since the banks here could not get cash from Kansas City in case of a run, they considered the risk too great. The banks of this city are carrying many of the small banks over this territory. They have aranged to issue clearing house certificates to carry them until conditions have improved. The banks of the southwest are further embarrassed because of the demand for cash to move the cotton crop. It was necessary to get cash from the east to meet the demands. The refusal of those banks to forward cash caused the banks to take radical steps to protect themselves. The governor's proclamation was as follows: "Whereas, it appears to the undersigned, acting governor of the territory of Oklahoma, that all of the leading cities of the United States through the clearing house associations have entered into an agreement to protect themselves against conditions which they are apparently unable to control, and by such concerted action are refusing to ship currency to country banks which have deposits with them or to honor the bills of lading drawn upon the banks of such, or to pay checks of customers over the counters; and "Whereas, such action makes it impossible for the banks of Oklahoma to meet the demands upon them for currency to pay for the cotton and other products of the territory, and, "Whereas, our banks appear to be in a solvent condition, therefore, "Be it ordained that a legal holiday extending from Oct. 28, six days to Nov. 2, be proclaimed. (Signed) "CHARLES FILSON. "Acting Governor."


Article from Albuquerque Morning Journal, October 29, 1907

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OKLAHOMA BANKS ALL CLOSED Acting Governor Declares Legal Holiday for Six Days to Protect Institutions in Event of Run. [By Morning Journal Special Leased Wire.] Oklahoma City, Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for six days. The action, which was taken on the advice of the bankers of Oklahoma, was due to the refusal of the banks of St. Louis and Kansas City to forward cash to the banks of the southwest. The closing of the banks is for the purpose of protecting them in the event of a run. All of the financial institutions of the territory are reported to be in excellent condition.


Article from Albuquerque Morning Journal, October 29, 1907

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ACTION OF ACTING GOVERNOR SURPRISE TO GOV. FRANTZ Washington, Oct. 28.-"It was a surprise to me," said Governor Frantz. of Oklahoma, tonight in speaking of the action of acting Governor Filson in issuing a proclamation declaring a legal holiday of six days and the closing of the banks of the territory as a result. Acting Governor Filson notified Governor Frantz of his action by telegraph late today. "I have been away from Oklahoma for several days," said the governor, "and therefore I am not familiar with the financial situation there as I otherwise would be, but I am satisfied that the acting governor took the step on the advice of the bankers there. "I do not see how it can injuriously affect the railroad or cotton business, as seems to be feared on the New York exchanges. The closing of the banks simply protects them against any run that might be made on them, and can be revoked at any time." Governor Frantz called at the treasury department and discussed the financial situation in Oklahoma with Secretary Cortelyou, who expressed no concern over the closing of the banks in Oklahoma.


Article from The Bennington Evening Banner, October 29, 1907

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# SIX DAY HOLIDAY. Acting Governor of Oklahoma Takes Step to Protect Bankers. WASHINGTON, Oct. 29. "It was a surprise to me," said Governor Frantz of Oklahoma in speaking of the action of Acting Governor Filson in issuing a proclamation declaring a legal holiday of six days and the closing of the banks of the territory as a result. Acting Governor Filson had notified Governor Frantz of his action by telegraph. "I have been away from Oklahoma for several days," said the governor, "and therefore I am not as familiar with the financial situation there as I otherwise would be, but I am satisfied that the acting governor took the step on the advice of the bankers of the territory. The small country banks have large deposits in St. Louis and Kansas City, and the action of those banks in refusing to ship any currency to the country banks of Oklahoma makes it almost impossible for the latter to handle their business. "I do not see how it can injuriously affect the railroad or cotton business, as seems to be feared on the New York exchanges. There is no reason why it should. The closing of the banks simply protects them against any run that might be made against them. However, if it is found that the holiday order results in stagnation of business it can be revoked at any time." Governor Frantz called at the treasury department and brought Acting Governor Filson's telegram to the attention of Secretary Cortelyou. Governor Frantz said, however, that Secretary Cortelyou did not express any concern over the closing of the banks in Oklahoma.


Article from The Salt Lake Herald, October 29, 1907

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# BANKS CLOSED FOR SEVEN DAYS Oklahoma Institutions Solvent But Unable to Get Currency From the Big Cities. IMPOSSIBLE TO KEEP OPEN PROCLAMATION ISSUED BY ACTING GOVERNOR. Oklahoma City, O. T., Oct. 28.-On demand of the bankers of the territory. Acting Governor Filson has issued a proclamation closing the banks of the territory for a week. The action was taken because the banks of Kansas City and St. Louis refused to forward cash to the banks of the southwest. It is said that a consultation of the bankers of Oklahoma, Indian Territory, Arkansas and northern Texas, by means of telephone, took place during the early hours this morning and all have taken a similar action. There had been no uneasiness in this city and the bankers say the deposits last week were greater than at any previous week in the month. The closing is for the purpose of protecting the banks in case of a run. Since the banks here could not get cash from Kansas City in case of a run, they considered the risk too great. The banks of this city are carrying many of the small banks over this territory. They have arranged to issue clearing house certificates to carry them until conditions have improved. The banks of the southwest are further embarrassed because of the demand for cash to move the cotton crop. It was necessary to get cash from the east to meet the demands. The refusal of those banks to forward cash caused the banks to take radical steps to protect themselves. The governor's proclamation was as follows: "Whereas, It appears to the undersigned, acting governor of the Territory of Oklahoma, that all of the leading cities of the United States through the Clearing House association have entered into an agreement to protect themselves against conditions which they are apparently unable to control, and by such concerted action are refusing to ship currency to country banks which have deposits with them or to honor the bills of lading drawn upon the banks of such, or to pay checks of customers over the counters; and, "Whereas, Such action makes it impossible for the banks of Oklahoma to meet the demands upon them for currency to pay for the cotton and other products of the territory; and, "Whereas, Our banks appear to be in a solvent condition; therefore, "Be it ordained. That a legal holiday extending from October 28, six days to November 2, be proclaimed. (Signed) "CHARLES FILSON, "Acting Governor."


Article from The Salt Lake Herald, October 30, 1907

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# Bank Holiday in Oklahoma Forced by New York Situation. Guthrie, O. T., Oct. 29. -Acting Governor Filson today made a statement as to the actual conditions which prompted him in issuing a proclamation providing for six legal holidays. The statement follows: "The issuance of a proclamation yesterday by the acting governor of Oklahoma making the period between Oct. 28 and Nov. 2 legal holidays whereby Oklahoma banks temporarily may suspend business, was due primarily to the present policy of New York banks. The latter, by refusing to furnish currency to western correspondents forced, through clearing house associations, the banks of Kansas City, St. Louis and Wichita, reserve centers for Oklahoma banks, to decline to furnish currency to interior banks or pay cash to patrons in person or to make cash credit cr bills of lading. Oklahoma at this time is in the midst of a cotton harvest, which requires large sums of immediate cash. The handling of this cotton crop without being able to draw upon their reserve centers for necessary funds meant disaster to every bank in Oklahoma that attempted to accommodate all its customers, as the slightest wavering would have caused the withdrawal of deposits by customers already alarmed by conditions in the east. Requested by Bankers. "In view of the threatening aspect of the situation, the clearing houses of Guthrie, Oklahoma City and Shawnee, and many bankers in Oklahoma requested the issuance of a gubernatorial proclamation for a six-day holiday, or until earlier revoked by executive order, to enable the Oklahoma banks to protect themselves until money began moving westward in sufficient amounts to permit their reserve centers to transact business on a normal basis. The proclamation was issued under section 2797, statutes of Oklahoma, which permits the governor of the territory to fix such holidays as he may deem desirable. "The proclamation seems to be giving confidence instead of causing possible uneasiness. I believe the situation will speedily adjust itself, as both the citizens and banks of Oklahoma are in a highly prosperous condition. (Signed) "CHARLES H. FILSON, "Acting Governor." Reports received here from all parts of Indian Territory and Oklahoma to-


Article from The Clarksburg Telegram, October 31, 1907

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On Banks of Oklahoma and Neigh- boring States And They Close Up. # ORDER BY THE GOVERNOR City Banks Refuse to Forward Cash And The Supply on Hand is Low. [By Associated Press.] OKLAHOMA CITY, Oct. 28.-Ev- ery bank in Oklahoma and Indian Territory remained closed today in accordance with the orders of Ter- ritorial Governor Frantz. It is said a telephone consulta- tion by many bankers of Oklahoma the Indian Territory, Arkansas and Northern Texas was held this morn- ing and all decided upon similar-act- ion. The action was taken because the banks of Kansas City and St. Louis refused to forward cash to the banks of the southwest. Since the banks could not get cash in case of a run, they considered the risk too great.


Article from The Weekly Corinthian, October 31, 1907

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All banks in Oklahoma are closed by order of Acting Governor Chas. H. Tilson to prevent possibility of disastrous runs.


Article from Las Vegas Daily Optic, March 2, 1933

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SEVENTEEN STATES CHECK RUNS ON BANK Seven More Join Movement to Restrict Withdrawals of Deposited Moneys THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS Situation Easing in Some States as Legislatures Planned Curb Laws Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)