Sallisaw Bank & Trust Company (Sallisaw, OK)

Episode Information

Episode Type
Run → Suspension → Reopening
Start Date
February 17, 1923
Location
Sallisaw, Oklahoma (35.460, -94.787)
Bank Type
trust
Routing Number
86-0209

Metadata

Notes

Contemporary reports describe a short run and temporary closing in Feb 1923; later materials (1928) indicate the institution ultimately failed.

Events (4)

1. February 17, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
A rumor that the bank was insolvent and had failed to renew its surety bonds prompted withdrawals.
Measures
Another bank brought a considerable sum of currency to Sallisaw and held it in the vault to guard against further withdrawals.
Newspaper Excerpt
the run on the Sallisaw Bank and Trust company last Saturday
Source
newspapers
2. February 17, 1923 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed after a short run driven by rumors of insolvency (failure to renew surety bonds).
Newspaper Excerpt
the Sallisaw Bank and Trust company closed its doors last Saturday following a thirty minute run on the bank
Source
newspapers
3. February 19, 1923 Reopening
Newspaper Excerpt
After the inspection of the bank examiner ... the directors will decide the course of the bank according to his decision.
Source
newspapers
4. February 19, 1923 Other
Newspaper Excerpt
steps towards re-organization of the Sallisaw Bank and Trust company, which closed Saturday afternoon following a short run, will not be taken until an examination has been made by the state bank examiner, according to a statement of bank officials Monday morning.
Source
newspapers

Newspaper Articles (17)

Article from Hot Springs New Era, February 20, 1923

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ED LOCKARDT, NOTED OUTLAW, IS CAPTURED IN OKLAHOMA

Companion of Henry Starr Caught Attempting to Steal Car at Salisaw.

WANTED AT HARRISON

Believed Desperado Was Member of Band Which Attempted to Hold Up Northwest Arkansas Bank When Starr Was Killed.

Sallisaw, Okla., Feb. 20.—Ed. Lockardt, noted Oklahoma bandit and companion of Henry Starr who was killed in the attempted robbery of the Peoples' Bank at Harrison, Ark., February 18, 1921, was captured here at 3 o'clock this morning when he attempted to steal the automobile of Bert Cotton, an under sheriff. Sam Lockhardt and Mat Carlisle were captured with him.

It is believed by Sheriff Johnson that Lockardt and his gang were preparing to rob the First National bank here under the belief that a large sum of money had been brought in to guard any possible run because of the run on the Sallisaw Bank and Trust Company last Saturday which resulted in the closing of the doors of that institution. The Lockardt gang had three winchesters and three automatics in their possession all loaded.

Lockardt and his associates entered Sallisaw, presumably from the mountains some time after dark last night, in a roadster that was badly delapidated. The roadster was left on the west part of town, officers said and a search made for another car in which a "quick get away might be made."

Fate played a hand in the capture of Lockhardt. He would never have been caught, according to the officers if he had not attempted to take the car of Under Sheriff Cotton. The three men were in the act of pushing the car out of the garage when Night Officer Chuculate happened along and drawing his gun placed them under arrest. Chuculate immediately aroused Cotton who entered the garage with gun drawn and assisted Chuculate in taking the alleged bandits to the county jail.

Lockhart declared in the jail this morning that he could have easily killed Chuculate, but believing there was but one officer, decided to wait until the chance came to get the drop on him and get away without committing murder. When Cotton arrived there was no opportunity, Lockhardt admitted, as the men were marched to the jail with their hands high in the air.

Chuculate did not know who he had arrested, presuming the men to be only automobile thieves. As he and Cotton marched the men into the light Cotton exclaimed:

"Chuc, do you know who you've got?"

Chuculate replied, "no, who?"

"You've got Ed Lockhardt and there's $3,000 reward for him."

It was then that the two officers decided to keep the trio carefully covered with their guns until they were safely locked up in jail.

Lockhardt at the county jail this morning would make no statement other than to admit he could have killed Chucuate and escaped arrest. Lockhardt, officers here state, is quick with the gun and they believe Chuculate owes his life to the fact that he was alone when he made the arrest.

Lockhardt would say nothing about the Harrison bank robbery. It is known, however that diligent search has been made for him since that crime and that a reward for him was offered shortly after the attempted robbery. It is also said that Lockhardt is wanted not only in Arkansas but in Oklahoma and Kansas for alleged bank robberies.

Henry Starr, who was the leader in the attack on the Harrison bank was presumably a reformed bandit but after he was wounded it became known that he had been connected with other robberies in this section of the country.

Sheriff Johnson announced today that Lockardt would be returned to one of the counties in Oklahoma that could prove the charge of bank robbery against him. Johnson declared that Lockardt was wanted at Eureka Springs, and Harrison, Ark., and Hulbert, Okla.

Charlie White, convicted of the Hulbert bank robbery who was paroled some time ago was arrested this morning and is being held for investigation.

Starr Killed in 1921.

Little Rock, Ark., Feb. 20.—Henry Starr, Oklahoma bandit was fatally wounded at Harrison, Ark., February 18, 1921 when he with two other men held up the Peoples'


Article from Bartlesville Examiner-Enterprise, February 20, 1923

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NOTED BANDIT OF OKLAHOMA NOW IN JAIL

Brother and Another Held; Planned Bank Robbery

Sallisaw, Okla., Feb. 20.—Ed Lockardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the People's bank of Harrison, Ark., two years ago, was captured here early today together with his brother, Sam Lockardt and E. Matt Carlisle.

The men, armed with rifles and revolvers were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff.

The police are endeavoring to definitely establish the purpose of the visit of Lockardt and the other two men to Sallisaw.

Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust company, a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault.

Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National bank here under the impression that a large sum of money had been brought into guard against any possible run because of the run on the Sallisaw Bank and Trust company last Saturday.


Article from Columbia Daily Tribune, February 20, 1923

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BANK BANDIT CAPTURED TODAY

Ed Lockhardt and Brother Are Arrested at Sallisaw, Okla.

By The Associated Press. SALLISAW, Okla., Feb. 20.—Ed Lockhardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the People's Bank of Harrison, Ark., two years ago, was captured here early today together with his brother, Sam Lockhardt, and E. Matt Carlisle.

The men, armed with rifles and pistols, were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff. Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust company a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault.

Sheriff Johnson expressed a belief that Lockhardt and his band were preparing to rob the First National Bank here under the impression that a large sum of money had been brought in to guard against any possible run, because of a run on the Sallisaw Bank and Trust company last Saturday.


Article from Kansas City Journal, February 21, 1923

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Much Cash Imported.

Owing to the close Saturday of the doors of the Sallisaw Bank and Trust company, a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault.

Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National bank here under the impression that a large sum of money had been brought in to guard against any possible run, because of the run on the Sallisaw Bank and Trust company last Saturday.

The men had three rifles and three automatic pistols in their possession. All were loaded.

Lockardt and his associates entered Sallisaw, presumably from the mountains, some time after dark last night in an automobile. The car was left in the west part of town, officers said, and a search made for another car in which a quick escape might be made.

Lone Officer Seizes Three.

The three men were in the act of pushing the car out of the garage when Night Officer Chuculate appeared and placed them under arrest.

Lockardt declared in jail today, according to officers, he could have easily killed Chuculate, but believing there was only one officer decided to wait until the chance came to get the "drop" on him and get away without committing murder.

After Chuculate had aroused Cotton there was no opportunity, Lockardt admitted, as the men were marched to the jail with their hands high in the air.

Wichita Bank Change Approved.

WASHINGTON, Feb. 20.—Application to convert the Southwest State Bank of Wichita into the Southwest National Bank of Wichita, with a capital of $200,000 has been approved by the comptroller of currency.


Article from Daily Arkansas Gazette, February 21, 1923

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NOTED OKLAHOMA BANDIT CAPTURED

Ed Lockardt, Companion of Henry Starr, and Two Others Arrested.

Sallisaw, Okla., Feb. 20.—Ed Lockardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in the attempted robbery of the Peoples bank at Harrison, Ark., February 18, 1921, was captured here at 3 o'clock this morning when he attempted to steal the automobile of Bert Cotton, deputy sheriff. Sam Lockardt, his brother, and Matt Carlisle were captured with him.

Sheriff Johnson announced today that Lockardt will be returned to one of the counties in Oklahoma that could prove the charge of bank robbery against him. Johnson said that Lockardt is wanted at Eureka Springs and Harrison, Ark., and Hurlbut, Okla.

Charlie White, convicted of the Hurlbut bank robbery, who was paroled some time ago, was arrested this morning and is held for investigation.

Sheriff Johnson believes that Lockardt and his gang were preparing to rob the First National bank here, believing that a large sum had been brought in because of the run on the Sallisaw Bank and Trust Company last Saturday, which resulted in the closing of that institution. The Lockardt gang had three rifles and three automatics, all loaded.

Fate Directs Capture.

Lockardt and his associates entered Sallisaw presumably from the mountains after dark last night, in a dilapidated Ford roadster. The roadster was left in the west part of town and a search was made for another car in which a quick getaway might be made.

Lockardt would not have been caught had he not attempted to take the automobile of Deputy Cotton. The three men were pushing the car out of the garage when Night Officer Chuculate happened along and, drawing his gun, arrested them. Chuculate aroused Cotton, who entered the garage with gun drawn and assisted Chuculate in taking the men to the county jail.

Lockardt said this morning that he could easily have killed Chuculate, but believing there was but one officer, decided to wait until the chance came to get the drop on him and get away without committing murder. When Cotton arrived there was no opportunity, as the men were marched to the jail with their hands high in the air.

May Get $3,000.

As Chuculate and Cotton marched the men into the light Cotton exclaimed: "Chuc, do you know who you've got?" Chuculate replied: "No. Who?"

"You've got Ed Lockardt, and there's $3,000 reward for him."

It was then that the two officers decided to keep the three covered with their guns until they were in jail. Lockardt would say nothing about the Harrison bank robbery. It is known, however, that a diligent search has been made for him since that crime, and that a reward for him was offered shortly after the attempted robbery.

Henry Starr, who was the leader of the attack on the Harrison bank, was supposed to have reformed, but after he was wounded it became known that he had been connected with other robberies in this section of the country.


Article from The Houston Post, February 21, 1923

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BANK ROBBERS CAUGHT IN ACT OF STEALING AUTO

Three Men Captured; One Was Dangerous Bandit Chief

Associated Press Report.

SALLISAW, Okla., Feb. 20.—Ed Lockardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the First National bank at Harrison, Ark., two years ago, was captured here early today together with his brother, Sam Lockardt, and E. Matt Carlisle.

The men, armed with rifles and pistols, were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff.

The police are endeavoring to definitely establish the purpose of the visit of Lockardt and the two other men to Sallisaw.

Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust company, a considerable sum of money was brought to Sallisaw by another bank, and it was generally known that the cash was being held in the bank's vaults.

Robbery Thwarted.

Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National bank here under the impression that a large sum of money had been brought in to guard against any possible run because of the run on the Sallisaw Bank and Trust company last Saturday.

The men had three rifles and three automatic pistols in their possession. All were loaded.

Lockardt and his associates entered Sallisaw, presumably from the mountains some time after dark last night in an automobile. The car was left in the west part of town, officers said, and a search made for another car in which a quick getaway might be made.

Were Stealing Auto.

The three men were in the act of pushing the car out of the garage when Night Officer Chuculate happened along and drawing his gun, placed them under arrest. Chuculate immediately aroused Cotton, who assisted Chuculate in taking the men to the county jail.

Lockardt declared in jail today, according to officers, that he could have easily killed Chuculate, but believing there was but one officer, decided to wait until the chance came to get the "drop" on him and get away without committing murder. When Cotton arrived there was no opportunity, Lockardt admitted, as the men were marched to the jail with their hands high in the air.

Sheriff Johnson stated today that Lockardt was wanted at Eureka Springs and Harrison, Ark., and at Hurlbert, Okla. It is understood that he also was being sought by Kansas officers.

Information received here was that a reward of $3000 had been offered for his capture.

Charles W. White, who was convicted of the robbery of a bank at Hulbert, but who was paroled, was arrested today and is being held for investigation.


Article from The Webb City Sentinel, February 22, 1923

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NOTED OUTLAW IS CAPTURED AT SALLISAW, OK.

Sallisaw, Okla., Feb. 21.—Ed Lockardt, noted Oklahoma bandit, and companion of Henry Starr, who was killed in an attempted robbery of the First National Bank at Harrison, Ark., two years ago, was captured here early today with his brother, Sam Lockardt and E. Matt Carlisle.

The men, armed with rifles and pistols, were captured in the act of driving an auto from the garage of Bert Cotton, an under-sheriff.

The police are endeavoring to definitely establish the purpose of the visit of Lockardt and the other men to Sallisaw.

Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust Co., a considerable sum of money was brought to Sallisaw by another bank and it was generally known that the cash was being held in the bank's vault.

Sheriff Johnson expressed a belief that Lockardt and his band were preparing to rob the First National Bank here, under the impression that a large sum of money had been brought in to guard against any possible run, because of the run on the Sallisaw bank and Trust Co., last Saturday.


Article from Cherokee County Democrat-Star, February 22, 1923

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ED LOCKHARDT, NOTED BANK BANDIT, STARR'S PAL, IS CAPTURED AT SALLISAW

Believe Sallisaw Raid Frustrated. Fugitive Outlaw, With two Companions Caught in Drag-net. $100,000 in the Bank. Money Shipped From Muskogee; Bandit to be Returned to Arkansas.

Tulsa World, 21: Sallisaw, Feb. 20.—Police and county officers at an early hour this morning frustrated what they say was a well-laid plan to rob the First National Bank of this city of $100,000 cash brought here from Muskogee banks Monday afternoon, to ward off a threatened run on that bank. The story, as related by deputy Sheriff R. Cheek, indicates Ed Lockhardt, companion of Henry Starr on the latter's last raid at Harrison, Ark., when the noted outlaw was killed, with his brother, Sam Lockhardt of Tahlequah and Ky Carlisle of Cookson, were prepared to rob the bank when arrested by officers.

Perry L. Chucalate, night marshal at Sallisaw, walking the city streets at 3:30 o'clock this morning, noticed two men tampering with an automobile owned by Bert Cotton, undersheriff of Sequoyah county. Chucalate went to the rear of Cotton's home, awakened the latter and the two officers then went to the front of the yard, where the car was parked, and arrested the two men. The prisoners, Carlisle and Sam Lockhardt, were recognized immediately after the arrest.

Looked for Sam's Brother. With the prisoners the officers went to the county jail, where they found Roy Cheek, undersheriff. Suspecting by the presence of Sam Lockhardt the probability that Ed Lockhardt, wanted in both Missouri and Arkansas for bank robbery, was also in the city, the three officers, with the prisoners, entered Cotton's auto and drove about on the streets.

After driving for some time, a Ford roadster was seen parked beside the road on the outskirts of the city, and as the auto approached the officers saw the headlights dimmed and then lighted several times, as if signals were being given by the person or persons in the car.

The officers drove to a point only a few feet from the Ford auto and all stepped out with rifles leveled at the smaller car. An investigation showed Ed Lockhardt to be the occupant. Although armed with a rifle and automatic pistol, the third prisoner made no attempt at resistance.

The three robber suspects were placed in the county jail, although it is not thought probable any charge greater than tampering with an automobile can be placed against them. It is known, however, there is a large reward for the capture of Ed Lockhardt in Arkansas and the latter will be turned over to authorities of that state.

Escaped After Bank Raid. Cheek stated today he was certain Lockhardt was a companion of Henry Starr when the latter was fatally wounded during a raid on a bank at Harrison, Ark., two years ago last November. Lockhardt, he said, had been arrested many times in three states, but by one method or another has escaped punishment.

The rumored run on the First National bank of this city was occasioned by what is said to have been unwarranted action on the part of a number of citizens living in the Atkins community, six miles northeast of this city, in withdrawing their deposits from the Sallisaw Bank and Trust Co. last Saturday. Following a rumor the trust company was not sound, more than $18,000 was withdrawn and the bank closed its doors. D. P. Delaney, president of the trust company, immediately notified the state bank commissioner and it is believed certain the trust company will again open its doors within a few days. Delaney stated the closing was occasioned only by the big run on the bank, for which it was not prepared.

Following this run officials of the First National Bank, fearing a run might also occur there, obtained the sum of $100,000 in currency from Muskogee banks to forestall difficulties involved in such action by depositors.

It was for the purpose of obtaining this $100,000 that the plans of Lockhardt and his companions were made.


Article from The Dekalb County Record-Herald, February 22, 1923

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IN JUDGE ROGERS' TOWN The Sallisaw Bank and Trust Company of Sallisaw, Oklahoma, closed its doors last Saturday following a thirty minute run on the bank. It is announced that less than $2500 was withdrawn. Sallisaw is the home town of Judge W. H. Rogers who formerly lived here.


Article from The Vian Press, February 23, 1923

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TO CHECK ACCOUNTS OF SALLISAW BANK BEFORE REOPENING.

Sallisaw, Okla., Feb. 19—steps towards re-organization of the Sallisaw Bank and Trust company, which closed Saturday afternoon following a short run, will not be taken until an examination has been made by the state bank examiner, according to a statement of bank officials Monday morning.

After the inspection of the bank examiner who is expected to arrive Monday, the directors will decide the course of the bank according to his decision.

The run followed a rumor that the bank was insolvent on account of the failure of the bank to renew its surety bonds. Bonding companies have refused bonds to all state banks in Oklahoma on account of the action of the banking commission in refusing to pro rate the assets of failed banks it is said.


Article from McCurtain Gazette, February 24, 1923

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MEMBER OF STARR GANG IS TAKEN.

Was in the Act of Driving a Car From a Garage at Sallisaw.

SALLISAW, Feb. 20.—Ed Lockhardt, noted Oklahoma bandit and companion of Henry Starr, who was killed in an attempted robbery of the First National Bank at Harrison, Ark., two years ago, was captured here early today, together with his brother, Sam Lockhardt, and E. Matt Carlisle.

The men, armed with rifles and pistols, were captured in the act of driving an automobile from the garage of Bert Cotton, an under-sheriff.

The police are endeavoring to definitely establish the purpose of the visit of Lockhardt and the two other men to Sallisaw.

Owing to the closing Saturday of the doors of the Sallisaw Bank and Trust Company a considerable sum of money was brought to Sallisaw by another bank. It was generally known that the cash was being held in the banks' vault.

Sheriff Johnson expressed a belief that Lockhardt and his band were preparing to rob the First National Bank here under the impression that a large sum of money had been brought into guard against any possible run because of the run on the Sallisaw Bank and Trust Company last Saturday.


Article from The Democrat-American, January 3, 1928

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Charter for New Bank Approved

His Politics May Not Be Democratic

But He Has Suffered Four Defeats

By "ES" Opdyke There was a little kicking man, His name was Simon Slick: He owned a mule with dreamy eye Oh: how that mule could kick

However children. this is not the mule we are going to tell you about in today's short story. Our subject, is just plain "honery red mule, and his name is "Catamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter shows of twelve years, and has done his part in producing Sequoyah countys cot ton output, but if Calamity could talk we imagine him saying, "I just no ways can keep outen bad luck." Calamity is not a "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral with has from time to time been turned to the Federal Reserve Bank. Calamity has never been given a trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock' by reason of his good looks and pulling ability, be soon became an asset of the Citizens National, only to be taken over little later on by the First National Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over to the American National where Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting of the various stockholders of the banks to be, will join in a resolution, that from now on Calamity is too be barred from becoming connected in any way shape or form with the responsibilities of our financial institutions In as much as Calamity seems to be more or less of a Jonah to our banks we suggest that a provision be made barring his name from any future banks to be, for he is only 12 years old and unless someone ties him to a railroad track. he is good for two or three more unpleasant experiences


Article from The Democrat-American, January 3, 1928

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Three Editorials BANK FAILURES

Sallisaw has once more passed thru the unpleasant experience of bank failure. and naturally there can be many opinions heard pro and con not only as to the future outlook but of riticism of members of the failed in stitutions in their conduct of the bus

The way we look at it is that the very last tool our town needs in this emergency a hammer. We. as well as the majority of our townsmen, have been losers, and have been handicapped in conducting our business but we are willing to, and have been doing all within our power to bring some order out of the present chase, and obtain for our town and our people the accommodations necessary to our business life

Speaking more particularly of the American National Bank, we cannot help but believe that the closing of its doors at this time was more or less premature and might have been avoided if proper steps had been tak. en, but be that as it may. we all know that this bank was owned, managed and backed by the members of the old Sallisaw Bank, and Trust Company, which failed two years ago, and they "came back. opened a new bank and showed their ability to pull out of a tight place Last year when the Citi zens bank found it necessary to liquidate, rather than see our town suffer loss which seemed certain unless something was done, the American National people took over the "Citizens" and carried their liabilities preventing a loss to the depositors of that bank.

We do not know the intentions of the American stock holders. but know ing them as We do, we shall not be surprised should they announce the opening of a brand new, bigger and better bank for the accommodation of our town. and their determination to pay out and to surmount adversity in the past goes far in recommending them to our citizenship in any venture they may undertake. Sallisaw should have a bank, and we hope that we may soon. but unless we as a whole patronize it, we cannot expect to avail ourselves of these very necessary adjuncts to any up to date town


Article from The Muldrow Sun, January 6, 1928

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MAY NOT BE DEMOCRAT BUT HE SUFFERED DEFEATS

(From Sallisaw American) By "ES" Opdyke There was little kicking man, His name was Simon Slick; He owned mule with dreamy eye Oh! how that mule could kick

However children, this is not the mule we are going to tell you about in today's short story. Our subject, just plain "honery" red mule, and his name is "Calamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter snows of twelve years, and has done his part in producing Sequoyah countys cotton output, but if Calamity could talk we imagine him saying, just no ways can keep outen bad luck." Calamity is not "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral which has from time to time been turned to the Federal Reserve Bank, Calamity has never been given trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance" began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock" by reason of his good looks and pulling ability, he soon became an asset of the Citizens National, only to be taken over little later on by the First National. Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over to the American National where Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting or the various stockholders of the banks to be, will join in a resolution, that from becoming connected in any way shape or form with the responsibilities of our financial institutions. In as much as Calamity seems to be more or less of a Jonah to our banks, we suggest that a provision be made barring his name from any future banks to be, for he is only 12 and unless someone ties him railroad track, he is good for to a or three more unpleasant experiences


Article from The Muldrow Sun, January 6, 1928

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HE MAY NOT BE A DEMOCRAT BUT HE SUFFERED DEFEATS

(From Sallisaw American) By "ES" Opdyke There was little kicking man, His name Simon Slick; He owned mule with dreamy eye Oh! how that mule could kick

However children, this is not the mule we are going to tell you about in today's short story. Our subject, is just plain "honery" red mule, and his name is "Calamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter snows of twelve years, and has done his part in producing Sequoyah countys cotton output, but if Calamity could talk we imagine him saying, just no ways can keep outen bad luck." Calamity is not "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral which has from time to time been turned to the Federal Reserve Bank, Calamity has never been given a trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance" began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock" by reason of his good looks and pulling ability, he soon became an asset of the Citizens National, only to be taken over little later on by the First National. Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over the American Nationwhere Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned."

We understand that a meeting or the various stockholders of the banks will in resolution, that to be, join from becoming connected in any way shape or form with the responsibilities of our financial institutions. In as much as Calamity seems to be more or less of Jonah to our banks, we suggest that provision be made barring his name from any future banks to be, for he is only 12 years old and unless someone ties him to a railroad track, he is good for two or three more unpleasant experiences


Article from The Democrat-American, January 6, 1928

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CITY BANK FAILS TO OPEN FOR BUSINESS FRIDAY

Sallisaw is a bankless town. The town went bankless when the American National Bank failed to open its doors for business Friday morning. This was the second bank failure Sallisaw has experienced during the past three months and the third to occur in the county during the year. In 1926 Sallisaw had three banks all with a national charter and under the supervision of the Federal Reserve. The Citizens National Bank suspended operation December 31, 1926, when they were taken over by the American National Bank; The First National Bank in Sallisaw and The First National Bank of Muldrow failed October 24, 1927 and sixty days later the American National Bank closed. The failure of the three banks during 1927 was due primarily to poor crop conditions. The county ginned only 3000 bales of cotton, as compared to its normal crop of 30,000. The banks, farmers and merchants were doubly hit during the year when the Arkansas river, the Illinois river and all creeks went out of their banks and covered thousands of acres of rich farming land in the worst flood in the past 100 years. This was followed by the ravishing of the boll weevil on the cotton crop.

The failure of the American National came as a distinct surprise to everyone in Sallisaw and surrounding territory, as this bank was owned and operated by home people and it was thought the institution was free from any bad paper, as the institution was organized in 1923. The American National was given a charter in 1924, prior to that time it operated for several months under the name of Security State Bank and as the successor of Sallisaw Bank and Trust company, which failed during 1923. The personnel of the failed bank are: J. Perry Wheeler, president; Charley S. Hampton, vice president; Thomas J. Delaney, cashier. The board of directors are: R. Kobel, lumber dealer; H. C. Winter, merchant and property owner; C. Q. Cherry, merchant and property owner; J. Perry Wheeler, ginner; C. E. Riggs, retired business man; Dr. T F. Harmon, dentist, Charley S. Hampton, Mrs. J. C. Woll, milliner, and I. H. Nakdimen of Fort Smith capitalist. The bank was in charge of Charley S. Hampton, who was president of the First National Bank at Stilwell, before coming to Sallisaw to take charge of the Security State Bank. Hampton was assistant cashier of the Merchants National Bank here many vears ago.


Article from The Democrat-American, August 31, 1928

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NOTICE OF SHERIFF'S SALE

Notice is hereby given in puran order of sale issuer out suance the District Court of Sequoyah State of Oklahoma, the County, 1st of August, in day action then pending said court, an wherein M. H. Fitch plaintiff and Sallisaw Bank and Trust Company, corporation, the State of Oklahoma Ex. Rel. B. Mothersed, Bank missioner Harmon, R. Kobel and Cherry as Trustees for the depositors of the Sallisaw Bank Trust Company, corporation. American National Bank of Sallisaw, corporation, Waddell Investment Company, corporation, The Peoples Trust the Company, Liberty National Bank of Kansas City, Beachy and Williams, were the defendants, directing me, the undersigned, Sherof Sequoyah County, State of Oklahoma, to advertise and sell in bulk entirety and not in separate tracts parcels without appraiseor ment or valuation the following scribed real estate, situated quoyah County. State of Oklahoma, to-wit:

The northeast quarter of the northeast quarter of section and the northeast of the northeast quarter of the northeast quarter and three acres in the northB. east corner of the southeast quarter of the northeast quarter the of section four northeast quarter (4) township 11 north and range 25 east, and the sotuheast quarter of the southeast quarter the of section 33, southeast quarter north and range township containing in all east, more or less. arces To satisfy judgment and decree of foreclosure in favor of plaintiff against the defendants for B. satisfaction of the sum of $1,672.00 thereon at the rate of with interest ten percent per annum, from the 25th 1928 until paid day of January further of $150.00 and the sum fees and $4.50 as costs attorney's supplemental and the of of this action and all costs cruing costs. satisfy judgment in favor Also to National Bank subof the Liberty of plaintiff for the ject to judgment of of with satisfiction of the snm thereon at 18 percent from interest November, 1922; the sum the 9th day with interest at the rate of the 10th day of percent from the sum of 1923, and the rate 18 20 with interest the 26th day of Seppercent from 1925 and the sum tember, with interest at the rate the 29th day of Seppercent from 1926, until paid. tember, also to satisfy judgment And subject to the favor of Grant, and of the judgment of plaintiff Bank defendant, Liberty for the satisfaction Kansas City, $90.00 with percent the sum of Decemfrom the first day terest of $90.00 with ber the sum the of ten percent per terest at rate of Decemfro mthe first day annum of $90.00 with ber, 1925 and the sum the rate of ten percent per interest at 1st dap of Decemfrom the annum. ber, 1926. 4th day of Tuesday, the will on 1928, the hour at September the front door o'cock M. at ten Court House in the the County Sequoyah County, City of Sallisaw, offer sale and State of Oklahoma, and best for cash to the highest sell bulk an entirebidder therefor ,in as in separate tracts or and not lands and tenements cels, the for the before particularly interof said judgments. fee as costs and attorney' est, quired and directed in said order of sale. WHEREOF, have IN WITNESS this the 1st set hand on hereunto my 1928. day of August JOHNSTON, JOHN of Sequoyah County, Sheriff State of BY JAS. Deputy. Frye and Frye, for Attorneys Aug.

North half of southeast quarter of section, township eleven north, range east of said judgment will further order sale of said real estate without appraisement and will order the application the proceeds of said sale to the satisfaction of said mortgage and judgment, attorney's fee and costs, and will foreclose and bar all your right, title and interest and said premises, and such other relief as may equitable the premises, proper and for the appointment of receiv-

RAYMOND P. DRAKE, Court Sequoyah County and JOHNSON. for plaintiff. Aug. Sept

Forty of constant use is the years best proof of the effectiveness of White's Cream Vermifuge for expelling worms in children or adults. Price, 35c. Sold by Ivey's Drug Store, Sallisaw