On the evening of January 18, 1908, assistant cashier CW Jones was working late at the First Bank of Texola in Texola on the Oklahoma-Texas border. It was about 7pm when he was suddenly interrupted by two masked men bursting into the bank and uttering the deathless words, “Hands up”.

Cashier Jones did as he was told but while one bandit was busy dumping loose change into a sack he attacked the other man. His brave ‘have a go’ endeavour quickly came to an end when he was hit in the head with a gun, gagged and bound with handcuffs.

The two robbers escaped with $5008 (around $170,000 in today’s money) and Jones was eventually rescued to tell his tale of bravery to Sheriff JH Richerson and Deputy Lee Anderson. He told the lawmen how he hadn’t been able to see the robbers’ faces, but that one was 5’ 10” with light hair under a black felt hat, while his confederate was a dark-haired 5’ 4” tall man wearing dark clothing and a black derby.

Several men were arrested and then released; the bank offered a reward of $1000, but the trail went cold. Cashier Jones continued to work at the bank and tell his tale to curious customers, but not for long. The robbery hit the First Bank of Texola hard and its owners, the Thurmond brothers who owned several banks in western Oklahoma, were quick to liquidate the bank and sell it off to JE Terrell and Ira Speed who promptly withdrew the reward.

In Texola Cashier Jones was a popular man and the town had been outraged by his treatment. Reports of his heroic attempt in deterring two villains to save the bank’s money was broadcast across the nation from New York to Arizona.

There was just one problem; there wasn’t a word of truth in the story.

For whatever reason, CW Jones was not kept on by the bank’s new owners and he went to work as a local agent for the Rock Island railroad. Around this time he made a deposit of $800 with the Vicksburg National Bank of Vicksburg, Mississippi. (That would equate to around $27,000 today, quite a nest egg for an assistant bank cashier or railroad agent.) He then bought a farm in Mississippi and that was the last Texola heard of Cashier CW Jones…

…Until the summer of 1914 when Jones turned up in Clinton and explained to OH Thurmond, who had been the President of the First Bank of Texola at the time of the robbery, that there had been no masked bandits and that the only bank robber had been CW Jones himself. He repaid $440 but the story was to get even odder.

It seems that Jones had found Christianity and his conscience insisted that he confess to the crime, although it seems that he had written an anonymous letter to Thurmond in 1910 telling him that he could find the proceeds of the robbery buried in a field in Texola. Thurmond attempted to find it but with no luck.

On the night of January 18, 1908, Jones had removed some $500 of silver and the rest in gold and banknotes, left the bank and, keeping $1000 back (presumably to finance the Mississippi farm and bank deposit), buried the rest in a tin can in a grass-covered field. Then he returned to the bank, tied a towel over his mouth and manacled himself with a pair of handcuffs that he had ordered by mail order from Chicago and waited to be discovered and tell his tale.

Unsurprisingly, his next stop after OH Thurmond’s office was the local jail. In August he was sentenced to two years in the state penitentiary at McAllister, a rather short sentence which was passed down after the District Attorney made a case for leniency. After that, CW Jones passes into history.

And what of the loot from the bank? Jones went to retrieve the money after the robbery but discovered that the field had been ploughed over and he couldn’t find where it was buried. OH Thurmond was unsuccessful too, and if the money was ever found, someone kept quiet about it. So, somewhere under Texola, there could lie around $150,000 in gold and ancient bank notes…