Sheriff closed Conkling Bros.' banks (including Bank of Richards) by injunction of Vernon County Circuit Court on report of State Bank Examiner that business was conducted in an unsafe/unbusiness-like manner. Receivers appointed; articles report closure by court/sheriff and receivership — no run or depositor panic mentioned.
Events (2)
1.August 6, 1896Receivership
Newspaper Excerpt
J. L. George and C. M. Shartel were appointed receivers / J. M. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
Source
newspapers
2.August 6, 1896Suspension
Cause
Government Action
Cause Details
Closed by sheriff under injunction of Vernon County Circuit Court based on State Bank Examiner Jones' report that business was conducted in an unsafe/unbusiness-like manner.
Newspaper Excerpt
Sheriff Scroghem closed Conkling Bros.' banking house in this city, the Bank of Bronaugh and the Bank of Richards, all the property of Conkling Bros., ... under an order of the Vernon county court, the action being based on a report by State Bank Examiner Jones that the business was being conducted in an unsafe manner.
Source
newspapers
Newspaper Articles (11)
1.August 6, 1896The Topeka State JournalTopeka, KS
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Article Text
THREE BANKS CLOSED. Missouri Bank Examiner Reports Against Three Vernon County Institutions. Nevada, Mo., Aug. 6.-Sheriff Scroghem closed Conkling Bros.' banking house in this city, also the Bank of Bronaugh and Bank of Richards, all the property of Conkling Bros., this morning under an order of the Vernon county court, the action being based on a report by State Bank Examiner Jones that the business was being conducted in an unsafe manner. I. W. Conkling of the firm says the closed banks will pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed receivers,
2.August 7, 1896New-York TribuneNew York, NY
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Article Text
BANKS CLOSED BY THE SHERIFF. Nevada, Mo, Aug. 6.-Sheriff Scroghem closed Conkling Brothers' banking house in this city, the Bank of Bronaugh, the Bank of Sheldon and the Bank of Richards, all the property of Conkling Brothers, this morning, under an injunction of the Vernon County Circuit Court. The action was based on a report of State Bank Examiner Jones that the business was conducted in an unsafe and mbusinesslike manner. T. W. Conkling. one of the firm, says that the closed banks will be able to pay every dollar of their indebtedness J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
3.August 7, 1896The Anaconda StandardAnaconda, MT
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Article Text
BUSINESS REVERSES, Four Banks Closed, Three of Them Owned by One Concern. Nevada, Mo., Aug. 6.-Sheriff Scroghem closed the banking house of Conkling Bros. in this city: also the Bank of Bronaugh and the Bank of Richards, all the property of Conkling Bros., this morning. under an order of the Vernon county court, the action being based on the report by State Bank Examiner Jones, that the business was being conducted in an unsafe manner. A. W. Conkling says the closed banks will pay every dollar of their Indebtedness. J. L. Jones and C. M. Shartell were appointed receivers. New Orleans, Aug. 8.-The American National bank failed to open to-day. The directors decided to go into liquidation. Philadelphia, Aug. 6.-Robert H. Boyd, Milton Parley and * George C. Boyd, carpet dealers, made an assignment for the benefit of creditors. A deed dated Aug. 5 was filed to-day. Counsel for the firm said: "The liabilities of the firm are about $250,000, and the firm have on the books upward of $350,000, but owing to the business depression and number of failures, some will doubtless prove uncollectable. In additon to this, they have a considerable amount of stock." New York, Aug. 6.-Stephen R. Post and S. Michelbacher announced on the Cotton Exchange to-day their inability to continue.
4.August 7, 1896The Morning NewsSavannah, GA
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Article Text
UNBUSINESS-LIKE BANKS. A Missouri Court Orders a Bank and Its Branches Closed. Nevada, Mo., Aug. 6.-Sheriff S. Schroghem closed Conkling Bros.' banking house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., this morning, under an injunction of the Vernon county circuit court. Such action was based on a report of State Bank Examiner Gordon Jones, that the business was conducted in an unsafe and unbusiness-like manner. I. W. Conkling of the firm says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartet were appointed to take charge of the firm's business as receivers.
5.August 7, 1896The Copper Country Evening NewsCalumet, MI
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Bank Closed by the Sheriff. ST. LOUIS, Aug. 7.-A special from Ne. vada, Mo., says Sheriff Seroghem closed Conkling Bros'. banking house, in that city, also Bank of Bronaugh and Bank of Richards, all the property of Conkling Bros. Thursday morning, under order of the Vernon county court. the action being based on a report by State Bank Examiner Jones that the business was being conducted in an unsafe manner L W. Conkling of the firm says the banks will pay every dollar of their indebtedness J. L. George and C. M. Shartel were appointed receivers.
6.August 7, 1896The San Francisco CallSan Francisco, CA
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Article Text
PRIVATE BANKS CLOSED, / Conkling Brothers, Missouri Financiers, Forced to the Wall. NEVADA, Mo., Aug. 6.-Sheriff Scroghen to-day closed Conkling Bros.' banking-house in this city, the Bank of Bronaugh, Bank of Sneldon and the Bank of Richards, all property of the Conkling brothers, under an injunction of the Vernon County Circuit Court. I. W. Conkling of the firm says that the closed banks will be able to pay every dollar of the indebtedness. J. M. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
7.August 8, 1896The Greenville TimesGreenville, MS
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MISSOURI BANKS CLOSED On the Strength of Reports of State Bank Examiner Gordon Jones. NEVADA, Mo., Aug. 6. - Sheriff Scroghem closed Coakling Bros. bank house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., under an injunction order of the Vernon county circuit court. The action was based on a report of State Bank Examiner Gordon Jones to Secretary of State Lesueur, reporting the business as being conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm. says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
8.August 8, 1896The Coeur D'alene PressCoeur D'alene, ID
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Article Text
THREE MISSOURI BANKS CLOSE Small Concerns Owned by the Conkling Brothers. Nevada. Mo., Aug. 6. -Sheriff Scroghem Closed the Conkling Bros. banking house In this city. also the Bank of Bronaugh and the Bank of Richards, all the properly of Conkling Bros., this morning. 11.1. der a Vernon county court action, being based on a report by State Bank ExamIner Jones that business was being conducted in an unwatisfactory manner. A. W. Conkling says the closed banks will pay every dollar of their indebtedness ,1 1, George and C. M. Shartel were ap+ pointed receivers.
9.August 13, 1896Iron County RegisterIronton, MO
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Article Text
Missouri Banks Closed. Sheriff Scroghem of Vernon county, the other day, closed Conkling Bros.' banking house in Nevada, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., under an injunction order of the Vernon county circuit court. The action was based on a report of State Bank Examiner Gordon Jones to Secretary of State Lesueur, reporting the business as being conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm, says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
10.August 15, 1896The Cape Girardeau DemocratCape Girardeau, MO
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Article Text
Missouri Banks Closed. Sheriff Scroghem of Vernon county, the other day, closed Conkling Bros.' banking house in Nevada, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., under an injunction order of the Vernon county circuit court. The action was based on a report of State Bank Examiner Gordon Jones to Secretary of State Lesueur, reporting the business as being conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm, says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
FOUR BANKS CLOSED. A Missouri Sheriff Does a Wholesale Closing Business. Nevada, Mo., Aug. 6.-Sheriff Scroghem closed Conkling Bros.' banking house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., this morning under an injunction of the Vernon county circult court. I. W. Conkling of the firm, says the closed banks will be able to pay every dollar of their indebtedness. J. L George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
