Multiple contemporaneous articles (Feb 2โ11, 1904) report the cashier Lee DeFord absconding with/embezzling bank funds and the bank being placed in the hands of a receiver and described as closed/defunct. No run or depositor panic is mentioned; the suspension led to receivership/closure due to internal embezzlement.
Events (2)
1.February 2, 1904Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier Lee DeFord alleged to have embezzled about $21,000; bank closed and placed in hands of temporary receiver.
Newspaper Excerpt
A warrant has been sworn out for the arrest of Lee DeFord, cashier of the Bank of Altamont, charged with the embezzlement of $21,000 of its funds. The bank has been placed in the hands of John Meade as temporary receiver.
Source
newspapers
2.February 11, 1904Receivership
Newspaper Excerpt
appointed John W. Mead ... to be special agent in charge of the defunct Bank of Altamont, which recently closed its doors ... will act until a receiver has been appointed by the court. It is thought that the Bank of Altamont will be able to pay its creditors in full (Mexico Missouri Message, Feb 11, 1904).
Source
newspapers
Newspaper Articles (9)
1.February 2, 1904The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
CASHIER IS GONE. Is Charged With Embezzlement of $21,000. Altamont, Mo., Feb. 2.-A warrant has been sworn out for the arrest of Lee DeFord, cashier of the Bank of Altamont, charged with the embezzlement of $21,000 of its funds, but he left the city before it could be served. The bank has been placed in the hands of John Meade as temporary receiver. DeFord, who is 30 years of age and married, is a son of a wealthy Altamont man. It is believed he lost the money in speculation.
2.February 2, 1904Deseret Evening NewsSalt Lake City, UT
Click image to open full size in new tab
Article Text
A Cashier Skips. Altamont, Mo., Feb. 2.--A warrant has been sworn out for the arrest of Lee De Ford. cashier of the Bank of Altamont, charged with the embezziement of $21,000 of Its funds, but he left the city before it could be served. The bank has been placed in the hands of John Meade as temporary receiver. De Ford, who is 30 years old and married, is the son of a wealthy Altamont man. It is believed he lost the money in speculation.
SHORT IN HIS ACCOUNTS. Warrant for Arrest of Altamont (Mo.) Bank Cashier. Altamont, Mo., Feb. 3.-A warrant has been sworn out for the arrest of Lee de Ford, cashier of the Bank of Altamont, charged with the embezzlement of $7,000 of its funds, but he left the city before he could be secured. The bank has been placed in the hands of John Meade as temporary receiver. De Ford, who is thirty years old and married, is the son of a wealthy Altamont man. It is believed that be lost the money in speculation.
SHORT IN HIS ACCOUNTS. Warrant for Arrest of Altamont (Mo.) Bank Cashier. Altamont, Mo., Feb. 3.-A warrant has been sworn out for the arrest of Lee de Ford, cashier of the Bank of Altamont, charged witlA the embezzlement of $7,000 of its funds, but he left the city before he could be secured. The bank has been placed in the hands of John Meade as temporary receiver. De Ford, who is thirty years old and married, is the son of a wealthy Altamont man. It is believed that he lost the money in speculation.
5.February 3, 1904The Indianapolis JournalIndianapolis, IN
Click image to open full size in new tab
Article Text
WARRANT ISSUED FOR A MISSOURI CASHIER Lee De Ford, of Altamont, Is Charged with Embezzling $21,000 of Bank Funds. ALTAMONT, Mo., Feb. 2.-A warrant has been sworn out for the arrest of Lee De Ford, cashier of the Bank of Altamont, charged with the embezzlement of $21,000 of its funds, but he left the city before it could be served. The bank has been placed in the hands of John Meade as temporary receiver. De Ford, who is thirty years old and married, is the son of a wealthy Altamont man. It is believed that he lost the money in speculation.
6.February 5, 1904The Stark County DemocratCanton, OH
Click image to open full size in new tab
Article Text
IS A FUGITIVE Altamont, Mo., Feb. 2.-Lee De Ford, cashier of the bank of Altamont, is a fugitive from justice charged with the embezzlement of $21,000 of the bank's funds. The bank is in the hands of a receiver. It is believed De Ford lost the money in speculation,
7.February 5, 1904The Penn's Grove RecordPenns Grove, NJ
Click image to open full size in new tab
Article Text
Bank Cashier Gone With $21,000. Lee DeFord, cashier of the Bank of Altamont, Mo., is a fugitive from justice, charged with embezzling $21,000 of the bank's funds. The bank is in the hands of a receiver.
8.February 11, 1904Mexico Missouri MessageMexico, MO
Click image to open full size in new tab
Article Text
John M. Mead Receiver. Jefferson City, Mo.: Secretary of State Sam B. Cook, who is by virtue of his office at the head of the State Bank Inspection Department, has ap. nointed John W. Mead of Gallatin, DaViess County, to be special agent in charge of the defunct Bank of Altamont, which recently closed Its doors. Special Agent Mead is president of the Farmers' Exchange Bank of Gallatin, and will act until a receiver has been appointed by the court. It is thought that the Bank of Altamont will be able to pay its creditors in full
9.February 24, 1904The Abbeville Press and BannerAbbeville, SC
Click image to open full size in new tab
Article Text
# Bank Cashier Gone With $21,000.
Lee DeFord, cashier of the Bank of Altamont, Mo., is a fugitive from justice, charged with embezzling $21,000 of the bank's funds. The bank is in the hands of a receiver.