Merchants & Planters Bank (Greenville, MS)

Episode Information

Episode UID
8440233491266
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
844023349 hash
Start Date
June 1, 1905*
Location
Greenville, Mississippi (33.410, -91.062)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1e44c7438491ac46

Response Measures

None

Description

No newspaper describes a depositor run; the bank was placed in receivership and sold.

Events (4)
1. June 1, 1905* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large shortages/deficits in the bank's accounts (statements show $72,000 short; later reports $155,000) and alleged misconduct by officers leading to suspension.
Newspaper Excerpt
This cash realized since its suspen-sion out of the assets of the Bank
Source
newspapers
2. June 17, 1905 Receivership
Newspaper Excerpt
J. S. Walker, Receiver. ... Merchants & Planters Bank, et al. Notice to non-resident defendants: ... You are hereby commanded to be and personally appear before the Chancery Court ... Given under my hand ... June 17, 1905. T. H. HOOD, Clerk.
Source
newspapers
3. November 11, 1905 Other
Newspaper Excerpt
NOTICE OF SALE OF MERCHANTS AND PLANTERS BANK BUILDING. Under and by virtue of the power and authority vested in me, J. S. Walker, as receiver ... I will, on Friday, December 22, 1905 ... sell ... the brick building in which was formerly conducted the business of the Merchants and Planters Bank.
Source
newspapers
4. December 15, 1905 Other
Newspaper Excerpt
Dr. J. S. Walker, late president and receiver of the defunct Merchants and Planters' Bank was indicted on nine counts ... the bank's deficit was $155,000.
Source
newspapers

Newspaper Articles (13)
1. June 17, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, June 17, 1905

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Article Text

# Citation Notice State of Mississippi, County of Washington. J. S. Walker, Receiver. V... No. 3277. Merchants & Planters Bank, et al. Notice to non-resident defendants: To Bank of Lake Village. Lake Village, Ark. Bernhein Distilling Co., Louisville, Ky. Sternberg & Sons. Memphis, Tenn. H. & B. Beer New Orleans, La.. Stewart Bros. Cotton Co., New Orleans. La. Hibernian Bank & Trust Co., New Orleans. La. W. W. Bunker, Lake Village, Ark. L. W. Clark and V. M. Johnson Sunnyside, Ark. Walter Davies, Lake Hall, Ark. R. E. Lee, and Adolph Aaron, composing the firm of Lee & Aaron, Lake Hall, Ark. Mrs. M. O. Head. Denver, Colo. O. E. Kilburn, Kilburn, La. Moorehead & Co., Cincinnati O. W. S. Scott, Lake Providence. La. T. S. Shields, Arkansas City Ark. Alfred H. Stone. Washington, D.C. Mrs. J. C. Truthman, Little Rock Ark. Guarantee Trust Co., New York City. N. Y. Mechanic's American National Bank, St. Louis Mo National Bank of Commerce, St Louis, Mo. Jeff Peak, Lake Hall, Ark. You are hereby commanded to be and personally appear before the Chancery Court of the, aforesaid county, on the 2nd Monday in August 1905, the same being a rule day of said court to plead, answer or demur to the petition filed in the above cause by J. T. Atterbary predecessor of J. S. Walker as receiver in said cause, in which cause you are defendants. Given under my hand and official seal this the 17th day of June, 1905. T. H. HOOD, Clerk. June 17, 4t

2. June 29, 1905 The Brandon News Brandon, MS
Article from The Brandon News, June 29, 1905

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Article Text

Shortage of $72,000. A statement showing the condition of the Merchants and Planters Bank of Greenville, as revealed by the books of the chancery clerk of the county by the chancellor of the district, was filed by the receiver, Dr. J. S. Walker. The statement shows the bank to be short $72,000, but places the responsibility on no one nor throws any light as to where the money has been spent.

3. August 12, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, August 12, 1905

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Article Text

Notice J. S. Walker, 4 Merchants & Planters Bank, et al In the Chancery Court of Washington County. Notice to the Debtors of the Mercharts and Planters Bank.-All persons indebted to the Me-. hants & Planters Bank are hereby notified that they must settle such indebtedness with me, without delay; or else suit will be instituted against them. J.S. WALKER, Receiver. inl 29-4t

4. August 26, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, August 26, 1905

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Article Text

Notice J. S. Walker, v Merchants & Planters Bank, et al In the Chancery Court of Washington County. Notice to the Debtors of the Merchants and Planters Bank.- All persons indebted to the Merchants & Planters Bank are hereby notified that they must settle such indebtedness with me, without delay; or else suit will be instituted against them. J. S. WALKER, Receiver.

5. September 16, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, September 16, 1905

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Article Text

Notice At the aproaching term of Chancery Court for Washington County, which "convenes on the first Monday of October, 1905, all parties having or claiming any credits against the MERCHANTS AND PLANTERS BANK, which are in dispute, or which do not agree with the books or mailed statements of the Bank, should present the same to the Chan cellor for examination and adjustment,, throug pétition setting forth the claim, with proof in support. After such examination and adjustment, suit will be instituted on all claims due the bank, which are not paid. J. S. WALKER, Receiver. 3941

6. September 30, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, September 30, 1905

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Article Text

Notice At the aproaching term of Chancery Court for Washington County, which convenes on the first Monday of October, 1905, all parties having or claiming any credits against the MERCHANTS AND PLANTERS BANK, which are in dispute, or which do not agree with the books or mailed statements of the Bank, should present the same to the Chan cellor for examination and adjustment,, throug petition setting forth the claim, with proof in support. After such examination and adjustment, suit will be instituted on all claims due the bank, which are not paid. J. S. WALKER, Receiver. $ 9-4/1

7. October 21, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, October 21, 1905

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Article Text

Notice Chancery Court has adjourned nntil the fourth Monday of October, 1905, when the Chancellor will hear all parties claiming credits or disputing their account with the Merchants & Planters Bank. J.S. WALKER. Receiver. 0 23

8. November 11, 1905 The Greenville Times Greenville, MS
Article from The Greenville Times, November 11, 1905

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Article Text

NOTICE OF SALE OF MERCHANTS AND PLANTERS BANK BUILDING. Under and by virtue of the power and authority vested in me, J. S. Walker, as receiver of the Merchants and Planters Bank, in cause No. 3277, on the docket of the Chancery Court, in Washington County. Mississippi, and under order of the Chancellor, made in said cause, I will, on Friday, December 22, 1905, between the hours prescribed by law for Sheriff's sales, sell at the front door of the Court House. County of Washington, State of Mississippi, that certain property. situated in the City of Greenville in the said county, upon which is situated the brick building in which was formerly conducted the business of the Merchants and Planters Bank. said property being specifically described as follows: Commencing at a stake on the west side of Poplar Street 130 feet north from the southeast corner of Lot 8 of Block 13 of the Original Town of Greenville: thence in a northerly direction along the western boundary of Poplar Street a distance of 30 feet: thence in a westerly direction on a line perpendicular to Poplar Street a distance of 165 feet, thence in a southerly direction on at line parallel with Poplar street a distance of 30 feet: thence in an easterly direction on a line perpendicular to Poplar street a distance of 165 feet: thence in a southerly direction on a line parallel to Poplar street a distance of 165 feet to the point of beginning, which parcel of land is in Block 13 of the Original Town of Greenville. Said sale will be for cash, at public outery, to the highest bidder, and subject to confirmation by the Chancery Court of Washington J.S. WALKER, County Receiver. n 12 t d 16

9. December 21, 1905 The Kemper Herald Scooba, MS
Article from The Kemper Herald, December 21, 1905

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Article Text

MISSISSIPPI STATE HAPPENINGS ITEMS OF INTEREST FROM ALL SECTIONS. AN EPITOME OF THE NEWS Culled From the Important Happenings Throughout the State During the Past Week and Reviewed in Brief. Against Two Bankers. The grand jury at Greenville has reported a number of true bills and adjourned. The indietments were turned over to the sheriff by the court, and his deputies are now engaged in making the arrests. Grand jury officials are reticent about what was done, but it is generally understood, and, in fact, in subject of street gossip, that Dr. J. S. Walker, president and receiver of the defunct Merchants Planters' Bank, was indicted on the counts, charging responbility with the cashier, Will Starling for wrecking the institution. Dr. Walker is now ill at his home. It is understood that the warrants for his arrest were served on him there, and that he was allowed to execute a bond for $9,000 to answer at this term of court. Two indictments were returned against Starling, who was arrested and released on bond at the time the Bank failed. The bank's deficit was $155,000, and Starling's family put up $75,000 or more to cover his share before the failure became known. However, this did not save the bank.

10. December 22, 1905 The Commonwealth Greenwood, MS
Article from The Commonwealth, December 22, 1905

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WALKER AND STARLING Indicted For Wrecking The Late Greenville Bank. GREENVILLE, Miss., Dec. 15.-The grand jury reported a number of true bills yesterday and adjourned. The indictments were turned over to the sheriff by the court, and his deputies are now engaged in making the arrests. Your correspondent was not allowed to take a peep at the list, and all court and grand jury officials are reticent about what was done, but it is generally understood here-and in fact, is subject of common street gossip-that Dr. J. S. Walker, late president and receiver of the defunct Merchants aud Planters' Bank was indicted on nine counts, charging responsibility, with the cashier, Will Starling, for wrecking the institution. Dr. Walker is sick at his home, and it is understood that the warrants for his arrest were served on him there, and that he was allowed to execute a bond for $0,000, to answer at this term of court. Two indictments were returned against Starling, who, it will be remembered, was arrested and released on bond at the time the bank failed. His shortage or the bank's deficit, Was $155,000, and Starling's family put up $75,000 or more to cover his share before the failure became known, but this did not save the bank. In the circuit court today M. Moses secured $2,500 damages from R. Corero, one of the richest men in the city, for personal injuries caused by the latter biting off the former's thumb. The grand jury returned an indictment against Corero, charging him with mayhem.

11. January 6, 1906 The Greenville Times Greenville, MS
Article from The Greenville Times, January 6, 1906

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Article Text

# RECEIVERS' PETITION Dr. Walker, Receiver of M. & P. Bank Makes Final Report and Begs to be Relieved. State of Mississipppi, Washington County. In the Chancery Court. J. S. Walker. Receiver, vs. Merchants & Planters Bank. No. 3277. To the Hon, Percy Bell, Chancellor: Your petitioner, J. S. Walker, begs to submit the following as his final report as Receiver of the Merchants Planters & Bank: Petitioners files herewith as apart of his report, and as exhibit "A" thereto, a statement of the condition of the assets of the Merchants & Planters Bank, as the same appears from the Receiver's Book on December 28, 1905, and he prays that said Receiver's Book, which has been compilea by him, and which shows in detail the exact status of each and every report, and the same is submitted herewith. And he also files herewith as exhibit "B" a statement of the cash received by him as Receiver, and of the disbursements made by him under the orders of this court. Petitioner represents that the afore said statement of the condition of the Bank shows the assets of the Bank taken at their face value aggregate ..$301.985.19 That its ascertained liabilities amount to.... 48,122.35 Leaving an excess of assets over liabilities of........ 53,812.6.4 Exhibit "B" shows that as Reeciver your petitioner has collected in cash.... $102,236.12 That he has disbursed under the orders of this court 68,597.55 Leaving a balance on hand of ......$ 33,638.57 This cash realized since its suspen-sion out of the assets of the Bank does not embrace the collections which have been made through the banks with which such secured creditors have placed these assets, and have given to these banks such information and rendered such assistance as I was able, and was called upon to do by them. In round numbers the following collections have been from the assets held by the Guaranty Trust Co of New York.... ....$ 35,000.0 From the assets held by the Hibernia National Bank of New Orleans. La.,.... 25,000.0 From the assets held by the National Bank of Commerce, of St. Louis, Mo..... 3.000.0 An aggregate of..... $63,000. Making the total cash collection from the assets of the bank $16236.12. There are quite anumber of ma

12. March 23, 1907 The Greenville Times Greenville, MS
Article from The Greenville Times, March 23, 1907

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chains to the point of beginning, containing 20 acres more or less, and being the same parcel of land conveyed by D. D. Jackson to Chas. and Jas. Jordan by deed recorded in the office of the clerk of said county in deed book P 3, page 662. And that parcel of land in lot 8, section II, township 18, range 9, west, bounded as follows: commencing at what is known as the back corner of sections II and 12, township 18, range 9, W, thence along the back line of said sec tion, north 52 degrees east 6.60 chains to the corner of lots 7 and 8 of said section, thence along said lot line, north 55 degrees west between lots 7 and 8, 15.06 chains to the south boundary line of said section II, thence south 50 degrees east 15.25 chains to the point of beginning, con taining IO acres more or less. Five acres, more or less, of the N W corner of N W 1/4 section 10, township 18, range 9, county of Washington, State of Mississippi, more particularly described as follows: commencing at a sassafras post established by Harry K. Johnson at the southeast corner of lot II of the Holmes Addition to the city of Greenville, thence running south 33 degrees 50 minutes west along the west side of Theobold avenue of said city 630 feet to the north bank of a bayou, thence 915 feet to the northeast corner of Jordan lot, making a total of 1545 feet to the point of beginning, thence north 23 degrees 10 minutes west 847 feet to a stake at the northwest corner, thence south 55 degrees 15 minutes west 262.07 feet to a stake at the southwest corner, thence south 23 degrees IO minutes east 847 feet to the southeast corner, thence north 55 degrees 15 minutes east 262.07 feet to the point of beginning. The variation used being north 6 degrees 45 minutes west. east 847 feet to the southeast corner, thence 55 degrees 15 minutes east 262.07 feet to the point of beginning. The variation used being north 6 degrees 45 minutes west. W. P. KRETSCHMAR, Receiver for the Merchants and Planters Bank.

13. June 29, 1907 The Greenville Times Greenville, MS
Article from The Greenville Times, June 29, 1907

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Article Text

Third Dividend Paid Mr. W.P.Kretchsmar. the receiver of the Merchants & Planters bank. is now paying off another dividend of TO perscent. to the depositors of this institution. This is the third dividend paid and returns to the depositors 50 per cent. or one-half the monev lost by the failure of this bank. This is a good return from any bursted enterprise and Mr. Kretschmar has a just right in his feeling of pride over the good showing he has made. Those who have not received their checks can do so by calling at the Commercial Savings Bank next Monday.