Arthur N. Leecraft Bank Failure Bartlesville, OK

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Arthur N. Leecraft Bank Failure Bartlesville, OK - fields to protect the fallen from direct...
fields to protect the fallen from direct sunshine and heat. as the squares have been, by the weevils they will drop from the plants. The juicy, sticculent squares to develop. After the squares dried by heat, and non-succulent, larvae will perish. cultivation, resulting in a mulch, will cause the squares r ourFarm your Jarm'With the best able to for you a cniicfc^yer Seal Carries Our Record LARGEST STATE BANK FAILS. Largest J Real Estate ' Another crash—that of the largeat state bank left in Oklahoma—was ,the outstanding development in the banking banking situation during- the past week. The Bartlesville State bank closed its door andvfs~in the hands of Roy Wal- cotj^-^tate bank comfnissioner. The institution had $800,000 in deposits, with.'a capital stock of $150,000 and a .surplus of $50,000. The city of Bartlesville had deposits of $129,903 in the defunct bank, secured secured by $135,000 in personal and surety bonds. The. state's funds were decreased by $25,000 shortly Before the bank closed, leaving a balance of $36,000. A. N. Leecraft, state treasurer was said by some to have aided in causing the .failure of the bank by withdrawing • the $25,000 in state funds when he did. George F. Short, attorney general, is authority for the statement that had not Leecraft acted as he did, he himself would have been personally, responsible for the,$25,000 on his personal personal bond, because the surety .bonds which were on deposit expired in three hours after the withdrawal. Leecraft, who owed the, Bartlesville institution a note for $10,000, which was not yet due at the •'time of the crash, and Short visited the city late in the week and Leecraft paid the note off.

Clipped from The Democrat-American02 Jun 1922, FriPage 3

The Democrat-American (Sallisaw, Oklahoma)02 Jun 1922, FriPage 3
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  • Arthur N. Leecraft Bank Failure Bartlesville, OK

    springtowndonkey – 03 Sep 2013

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