In 1836, Arkansas was to be the recipient of funds from the Deposit and Distribution Act, rumored by some to be as much as $1 million ($ million in today's dollars). A very important sources of seed money for the State Bank; the program encountered a harsh recession that limited its effectiveness. Treasurer William Woodruff had trouble cashing the first two installments of $45,583.83 and $50,000 ($ and $ today) at the two banks in Natchez, Mississippi due to a bank run. Since the deposits were going to a state bank, the cash-strapped banks couldn't simply borrow the money from the state of Arkansas. Woodruff traveled to Washington D.C., where he received replacement drafts on Louisiana, Kentucky, and Ohio banks from United States Treasurer John Campbell, but encountered the same troubles in those states.