7481. Bank of Angie (Angie, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 1, 1913*
Location
Angie, Louisiana (30.967, -89.810)

Metadata

Model
gpt-5-mini
Short Digest
ef721cfa

Response Measures

None

Description

State bank examiner W. L. Young suspended the Bank of Angie in May 1913; a receiver/trustee was appointed and the bank's affairs were being liquidated with partial payments to depositors reported later in November 1913. No run is described in the articles.

Events (3)
1. May 1, 1913* Suspension
Cause
Government Action
Cause Details
Suspended by State Bank Examiner W. L. Young in May 1913 as part of examiner's action closing multiple banks
Newspaper Excerpt
the Bank of Angie and the Mt. Herman Bank, were suspended last May by W. L. Young, examiner of state banks
Source
newspapers
2. June 7, 1913 Receivership
Newspaper Excerpt
D T. Cushing, who was appointed receiver of the bank had his bond accepted, has taken oath of office and will be in charge of the bank's affairs until final adjustment.
Source
newspapers
3. November 28, 1913 Other
Newspaper Excerpt
Through J. S. Brock, Jr., special agent appointed to liquidate the affairs of the Bank of Angie ... provision is being made to pay depositors 30 per cent
Source
newspapers

Newspaper Articles (5)
1. June 4, 1913 The Hattiesburg News Hattiesburg, MS
Article from The Hattiesburg News, June 4, 1913

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Article Text

BANKER BICKMAN IS ARRESTED PRESIDENT OF BOGALUSA BANK CHARGED WITH VIOLATION OF BANK LAWS. Franklinton, La., June 4.-State Bank Examiner William L. Young yesterday made affidavit against Houston D. Bickham, president of the Commer-- email we cial Bank of Bogalusa, charging him with receiving deposits after he knew the bank to be insolvent. The Commercial Bank, with the Bank of Angie and the Mount Herman Bank, was closed by the examiner last Thursday and this is the first criminal charge made in the affair. Bickham was taken into custody by a deputy sheriff at Bogalusa and brought by auto and turned over to the sheriff here yesterday afternoon. Sheriff Simmons placed him in charge of a deputy, who was thus made responsible for the prisoner until he gave bond. This Bickham did last night, after his attorney had journeyed S to Covington and Judge Lancaster there had issued an order fixing the banker's bond at $30,000. Signatures had been attached to Bickham's bond y in advance and as soon as the bond y was accepted he was released. g it Takes Matter Coolly. Bickham is taking the matter coolly Γ. and says he does not fear the outcome h of proceedings instituted against him. He says that his bank was solvent and if the examiners had given him a few e days he could have relieved the instie tution of the objectionable loans. He g says now that much of the funds belonging to depositors will be paid to receivers and attorneys appointed to he wind up the affairs of the banks. st

2. June 5, 1913 The Era-Leader Franklinton, LA
Article from The Era-Leader, June 5, 1913

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Article Text

Franklinton, La., June 5. 1913 Banker Bickham Arrested. Franklinton, La., June 3.-The definite charge against Huston D. Bickham, president, and Wm. E. Douglas, a director of the Commercial Bank of Bogalusa, is that they "knowingly received deposits on the 28th day of May 1913, when the bank was insolvent." Bickham was arrested at Bogalusa this morning and conveyed by automobile, accompanied by Norman Simmons, deputy sheriff, to this place, repairing at once to the office of Printis B, Carter and Son, attorneys. Bonds were signed by several friends in blank amounts, but covering whatever District Judge Joseph B. Lancaster might fix. This turned out to be $30,000 for Bickham and $10,000 for Douglas. Oceola Carter, attorney, went at once by automobile to Covington to secure the signature of the judge, which was obtained late in the evening. Douglas has not been arrested, but has sent word that he will arrive to-morrow morning. Bickham refused to make a statement, but his attorney P, B. Carter, authooized the statement tnat when the case comes to trial the jury will acquit his clients without leaving their seats. Douglas, a farmer, recently organized a mercantile company at Angie, and is alleged to be involved in a loan considered to impair the capital of the Commeroial Bank. The minor officers of the three banks,-the Commercial at Bogalusa, the Bank of Angie and the Mt. Herman Bank, are reported as innocent of any violation of the banking law and are not under charges. Dr Warner is president of the Angie Bank. He is believed to be able to stand the financial pressure occassioned by the suspension. Jasper S. Brock, Jr., formerly cashier of the Farmers and Merchants Bank, which recently consolidated with the Bank of Franklinton, is active vice president of the Union Bank of this place, the product of the merger, and has been appointed trustee to liquidate the affairs of the banks at Angie and Mt. Herman, Hequalified today in a bond of $5,000 in each case. D. T. Cushing, of Bogalusa, qualified in a bond of $10,000 to liquidate the Commercial Bank. St Clair Adams is Attorney for the trustees at Bogalusa, and Delos R. Johnson is attornry for the other two banks. t riends of Mr. Bickham recall his failure and bankruptcy proceedings some years ago, involving a sum approximating $90,000, Mr. Bickham expressed the belief that but for the shaken confidence occasioned by the bank examiner's action he and his friends would not lose a dollar. Bogalusa, La., June 3.-Ever since the first news was given regarding the condition of the Commercial Bank here and its closing by State Bank Examiner Young the examiners have been busy investigating the assets, with a view of ascertaining just how conditions Prestical

3. June 7, 1913 St. Tammany Farmer Covington, LA
Article from St. Tammany Farmer, June 7, 1913

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Article Text

COVINGTON, ST. TAMMANY PARISH, LA.. SATURDAY, JUNE 7, 1913 praising of the asset, is still going "ART IN ST. TAMMANY." on the total amount is not yet to be ascertained. FOR some days past there has been From present indications, however, exhibited at the St. Tammany Bank, it is believed that the assets of the CEMETERY IN INVESTIGATING an example of Marshall J. Smith's Bank of Angie are sufficient to pay interpretation of Louisiana scenery. depositor dollar for dollar, but the two banks involved are in much The unique habitation represented worse condition. therein, a relic of the remote period in the rural districts of our State. D T. Cushing, who was appointed The spreading oak, with sombre folireceiver of the bank had his bond HANDSOF THE GOOD ROADS age, its branches festooned by graceaccepted, has taken oath of office and ful folds of Spanish moss. and tall will be in charge of the bank's afsentinel-cypreases too well indicate fairs until final adjustment. Mr. Smith's knowledge and familiarith The Lampton interests of Columty with the arboreal life of our semia bia. Miss., have given up the idea of tropical forests. The quiet stream. taking over the Commercial Bank. th WOMEN'HAS PROJECTOE with its rush-lined banks its hozom

4. November 28, 1913 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, November 28, 1913

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Article Text

Depositors Will Get Money. Franklinton.-Through J. S. Brock, Jr., special agent appointed to liquidate the affairs of the Bank of Angie and the Mount Herman Bank, which were suspended last May by W. L. Young, examiner of state banks, it is learned that provision is being made to pay depositors 30 per cent and 25 per cent, respectively.

5. November 29, 1913 The Madison Journal Tallulah, LA
Article from The Madison Journal, November 29, 1913

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Article Text

Depositors Will Get Money. Franklinton.-Through J. S. Brock, Jr., special agent appointed to liquidate the affairs of the Bank of Angie and the Mount Herman Bank, which were suspended last May by W. L. Young, examiner of state banks, it is learned that provision is being made to pay depositors 30 per cent and 25 per cent, respectively.