New First National Bank (Springfield, MO)

Episode Information

Episode UID
1277001539
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
127700 national
Charter Number
12770
Start Date
March 16, 1928
Location
Springfield, Missouri (37.215, -93.298)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
afefd1f729ac655f

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
36.4%
Date receivership started
1928-03-17
Date receivership terminated
1933-09-08
OCC cause of failure
Governance
Share of assets assessed as good
41.8%
Share of assets assessed as doubtful
41.6%
Share of assets assessed as worthless
16.6%

Description

Receivership date in articles matches known receivership (March 17, 1928).

Events (5)

1. June 22, 1925 Chartered
Source
historical_nic
2. March 16, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositor withdrawals following bank-specific financial distress; suspension attributed to conditions peculiar to this bank.
Measures
Officials notified comptroller; national bank examiner Hal Woodside took charge after closure.
Newspaper Excerpt
A run on the bank Friday caused the officers of the bank to notify the comptroller of the currency
Source
newspapers
3. March 17, 1928 Receivership
Source
historical_nic
4. March 17, 1928 Receivership
Newspaper Excerpt
Hal Woodside, national bank examiner ... took charge of the New First National Bank ... After Woodsides investigation it will be determined whether the bank will be reorganized or liquidated. (later articles refer to Cahill as receiver and receiver actions.)
Source
newspapers
5. March 17, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank voluntarily closed following heavy withdrawals/run and cited conditions peculiar to the institution.
Newspaper Excerpt
took charge of the New First National Bank at Springfield after it had voluntarily closed its doors Saturday morning
Source
newspapers

Newspaper Articles (12)

Article from Springfield Leader and Press, March 19, 1928

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SPRINGFIELD LEADER 8. STUART OLIVIER, TERMS: matter Finley, 1102 THIS DATE IN HISTORY, March colony foundEnglish. Arnold resigned his Jennings Bryan York defeated the proposed constitutional amendment granting woman's suffrage. NECESSITY OF VOTING. Joseph man writes to Dr. Jenkins: "There tendency to anathematize and cast aspersion upon citizen who does not regularly and religiously go through the presumed triotic exercises his sacred suffrage privilege; but are now candidates controlled, dal submit that becomes an honest citizen any pretentions shaping the adminispolicy our municitrative palities, and nations. This causes Dr. Jenkins to this reply: not much lambasting of voters do to the polls there used confess that the others who neglect the sacred right of suffrage because they feel so helpless shaping political affairs. Still, suppose should keep hammering away by word act, even in the most limited circle of influence. try affect the sitThere doubt there is truth both statements. Often makes no whether one goes the polls not. There choice: there is no issue and there no reason for voting. has no choice and no ion why cast blank, meaningless Nevertheless, there are times when there keen issue, when does make who elected. Then the voter should appear. Some voters are actually afraid sides others feel below their dignity to politics." Some are too indolent to the polls they convictions. While not always of greatest importance vote the political should watched and comprehended. When there real call for the good citizen. which should respond. Only about half the citizens of the country whether there real issue That grave error and brings on situation which even dangerous. LOWDEN MISSOURI. The Republican convention, which meets in St. Joseph soon. send seven delegates large to the Kansas City convention. The Republicans hold separate conventions the congressional districts state convention. Thus takes 17 conventions for Missouri select delegates to the national convention. The district conventions have shown strong for Gov. I'fank Lowden of Illinois. It would not the state solidly for him by the time the meets. He ways strong among the Missouri Republicans and would have made much better showing few years ago If he had not been liberal the use of money. Those might have been for him were afraid to express their sentiments when developed he was passing out large sums for influThe Lowden boom in Missouri due to the of the farmers. For many years he has been working among them. farmer himself on large scale and, like has pronounced opinions on the proper relations of government and farmers. Being commands attention among the tillers of the can't but believe successfully rected the affairs the Pullman company for long time, knows what do for the farmers should be president. cannot be said this time that Lowden's Missouri boom due boodle No doubt he liberin his campaign expenses but he has not bought the rank and the farmers of the state are quite well lined up for him. SUSPENSIONS. Springfield has had its share bank suspensions in the last years but in only two cases, that of the Holland bank and the old Bank of Commerce Commercial street, did the depositors lose any money. The suspended banks paid back every cent with interest and quite certain the New First National will do the same. The suspension of the bank due conditions peculiar this particular bank. general way. money never plentiful. the of money which seems to be keeping stock prices high and booming in New York whether the companies which the stocks represent are highly prosperous not. As long money is plentiful in the great nancial managed banks can taken care of withThe New First National small bank and suspension will have no special influence in this section the CAMPAIGN FUNDS. Efforts now being made trace oil money to the Democratic national committed. turns out that 1923 treasurers the Democratic and Republican committees agreed not to file statements of the cash they ceived. as each had conceal. was thought best the people should not know of certain large contributions made to both parties. However, the only actual scanthat has come of tance the Sinclair affair. The strenuous effort conceal clair fully understood the public exactly but buying. He wantcertain oil lands and he large the mittee to help along his deal. secretary of the Interior seems have accepted direct bribe. To prevent exposure of the Sinclair gift, bonds were given by the The others and was would keep Sinclair's the Too many were In the deal avoid publicity and the scandal came out. Rich men always given large sums for campaign expenses both parties, the Rebeing more liberally riched because they generbetter turn the favors. HOMES FOR AGED. The finding of celebrated lustrator for In home for the aged New York cently caused much discussion about Institutions of the kind. which much tention. Wealthy men who have more money than they know what to do with have, recent years. shown preference for endowing has homes for old people and appears they are doing much good. Were not for them some very respectable persons who have become old and feeble would be ordinary poor houses. Evidently there change of sentiment about caring for the aged. once thought no one need be dependent if he wore industrious, prudent. saving and careful. he was in poverty his old age no one to blame but himself. He had been reckextravagant, indolent and and even deserved his fate. better understanding of things changed this viewpoint. While have the shiftless and worthless. who loaf through life. have those by the hundreds who find improvished in old through no fault their own. Sickness is the greatof poverty. the number their savings swept away through some nancial disaster is very large. To and only part the story. Savings do not take care themselves and the accumulations years can and are lost in day. What 75 85 to do then? In the past, death often been his only friend. It not then, that there should noticed more friendly feeling for homes for the aged and dependent. evolution. Springfield has close up view homes this kind, the Pythian Home and the Mary E. Wilson Home. both which are doing wonderful work in their own parfields. Homes the kind are generally built by secret ders but the endowed home. the gift of man wealth. is now coming more WASTE BASKET The California dam disaster overlooked in Camden counwhere there has recently sprung much opposition the proposed Bagnell dam. The Linn Creek veille that little side light stretch 100110 across the Osage river near Los where the Francis dam way just after midnight More than persons reported dead missing. although volume of ter behind the Francis dam about fiftieth part much the proposed 100 foot would 100th the dam ten feet recently contemplated. such dam should collapse, of flood the like that lightning bug and the cago There another dam fight going Springfield. This "Stone the Galena national last thing hinges the Empire District Electric JopGalena Rock busy and say meet with Stone relative the start their promised damages which will grow out reached preliminary the erection of Taney will county known Table Rock informed court labor the the Federal Power commission tion dam Washington urging settlement will January this Can meeting Empire company laid portunity howl before court maps the times stand posed project outlined detail proposition has been the realizing that they company job before asked the build Federal to grant have the But them of time which which settlement they mean understood that soon made building bridge "This and made nor the parties any together on than December 1st last year. Considerable investigation has made the part the court order familiarize them. bridge yet conditions vestment bridge them. very little been territory done the last few weeks about The garding the settlement and the of seems have settled down and White only attracting very little pose the News-Oracle ried in every possible lend helping hand this matter. but seem getting feel that some take action. Neighboring counties are looking disfavor Stone classing bunch They want the dam built and least 90 cent of the people see the trouble they are saying nothing the opportunity will lost and Stone county will be the There no doubt Stone county will be the loser the Galena paper says, but the loss will shared by every county years The Galena paper magnitude the past years have time. market for acquainted with the must found until work of Empire company. We Taney county when the present built and have watched they deep the growth and the Lake Taneycomo region. The Empire settled with Taney county for the pitiful be land sum of damages (after the county had asked for $500) when they the Taney county But Get this When the filled found that Branson and Hollister inconvenienced re- make garding their roads bridges, the company went work and built but why drag the road from Hollister Branson around the bluff. built the Coon creek bridge, the bridge across the lake Bransn and bridge The company Roark creek just out of Branson work before turned them over the Branson turning concrete special road district. They did not their the county court they this additional work when they paid the did they plan that they built the But they the need spent their money supply that This was certainly fair enough little impression Stone county for the are inclined believe that citizens opinion that the Empire company bunch crooks wanting to come Stone and make without looking after the fare the people have here their lives and expect still The Empire they solely the the people They ford the feeling one would reflect their This upon could not long exist they standing on the dam Table make for the company They have settlement estimated that will clearing such current opinion not ready pleased when they promise start the work once: reached. hinges near the bridge have bridge cost million the Empire total assessed Supthis whole territory for twice the and would then deed the state Missouri huge game preserve This money than the company could build bridge Highway No. Stone county would lose the taxation the entire territotry. saying they will do that, but could "Inactivity this time dangerous. When made Stone county the Federal Powproceed grant license to Empire company erect dam. and in that license stipulated that actual construction must begin within period years their license will be begin project very short current tiement our court the has nothing nor prospect of having anything must made the individual land along the roads cleared. all and Stone counwill proportional part. week Judge Peters informed had done he could and far he concerned he ready He did not mention what that settlement would matter the campaign? are ready settle. let's settle and get over and the company know the has yet much they they are anxious


Article from Willow Springs News, March 22, 1928

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LOCAL HAPPENINGS Cabool is going to organize an American Legion Post. Mrs. J. E. Le Master of Miller, Mo. was visiting last week with Mrs. J. S. Payne and family. W. E. Armstrong, wife and two younger children, spent Sunday with home folks near West Plains. J. H. Long, Division Engineer, spent several days last week in outlining road locations in the Sam A. Baker state park in Iron County. Prof. and Mrs. W. C. Grimes accompanied by little Basil Kelley and Master Gene Armstrong went to Springfield Friday returning Sunday. Dennis Pratt, superintendent of construction with the Missouri Power and Development Co. was in town Saturday enroute home from a two weeks business tour in the South. J. Fent Chapin, Jr., wife and baby, Billie Louise, drove down from Cabool Sunday. -Detorest is carrying a full stock at better prices. DeForest Milling Co. -140 acres 11 miles of West Plains, Mo. on good graded road, 4 room house, barn and other buildings. 40 acres cleared land balance timber, well and spring. Price $1500. Geo. A. Gastineau Pomona, Mo. Box 73. 3t26p Sam Snelson, an old time resident of Willow Springs but now of Joplin, was in town a short while Monday morning enroute to West Plains. It was his first visit here in thirty years but he met quite a number of his old time friends. Mr. Ennes E. Snyder, formerly with the federal bureau of roads and stationed at Yellowstone National Park, has arrived in Willow Springs and will be identified with the ninth division of the state highway depart. ment of plans and surveys. McFloyd Murrell and Mrs. Lillian P nn were married at West Plains Saturday in the office of the Probate Judge, the ceremony being performed by Judge Ramsey. Both contracting parties are well known and popular among our readers and their many friends here will wish them well. Aaron Slick of Pumpkin Crick wasn't so slick as his press agent made him out to be. The wily gentleman was to be in town on March 22 and now his local representative says it will be the 29th but that Aaron will sure be here on that date and that everybody will want to see him. In the last week's issue of the Journal their Long Ago column contains the following: J. D. Davis and H. M. Shipley, members of the board of aldermen of Willow Springs, were in the city Monday in the interests of the new road district being organized there. Dr. Mullnix and Judge Campbell were also here for the same purpose. Hal Woodside, national bank examiner for southwest Missouri and Northwest Arkansas, took charge of the New First National Bank at Springfield after it had voluntarily closed its doors Saturday morning. A run on the bank Friday caused the officers of the bank to notify the comptroller of the currency who notified Woodside to take charge. After Woodsides investigation it will be determined whether the bank will be reorganized or liquidated. Hal Woodside was reared in Oregon and Howell counties. Neighbor Burkdoll has moved his grocery and market across the street to the building recently vacated by the Adams Grocery. For Sale, Paige Touring car, good tires. Small down payment balance easy terms. Chas. Alsup Alsup's Service Station 26c The Ladies Bibles Class of the Presbyterian church gave a Saint Patrick's day dinner in the Hort. on Hotel building Saturday which was handsomely patron. ized. -For Sale, 1925 Willys Knight Sedan, motor in good condition, Small down payment, balance easy terms. Chas. Alsup Alsup's Filling Station 1t-26c J.R. Reed, president of the Reed Harlin Grocer Co., was looking after business matters in connection with the local branch here Tuesday. Charles Ferguson has just purchased a fine pedigreed German Police dog from the kennels at Fayetteville, Arkansas. Wonder if Charlie needs the dog to guard those astonishingly low prices he has been making lately? The Ladies Bible Class of the Presbyterian church held a Saint Patrick's Sunday school party at the home of Mrs. Dr. Davis Wednesday evening An interesting feature of the evening was a paper on Saint Patrick traditions and lore by Mrs. Daugherty. At the conclusion of the evening refreshments were served by the hostess in her usual gracious manner. The Republican is in receipt from the Natural Resources Intelligence Service of the Canadian Department of Interior of a set of cards giving a graphic picture of the development of Our Lady of the Snows. Each card contains two pictures of each Canadian Provincial capital and of the Domion capital, one picture being 1867 and the other 1927, or sixty years of progress. They are on file at the office and if any of our readers wish to see them, please come in. Mr. and Mrs. W.F. Woolridge returned Friday from a few weeks visit at Beoneville. They were held up at Rolia two days on account of a twelve inch snow. Mr. and Mrs. Woolridge are leaving for Van Buren where they have taken the management of the big new hotel, Rosecliff, at that place. Dr Davis of Birch Tree is the builder of the new hostelry which will be quite an attraction to the Ozarks and under the Woolridge's capable management it will be a popular resort.


Article from Springfield Leader and Press, April 30, 1929

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WARNS BANK DEBTORS SUITS WILL BE FILED Warning that the federal comptroller of currency has ordered him to bring suit against every debtor of the New First National bank who falls to give prompt attention to the obligation. was given here today by Cabill, receiver for the defunct Mr Cahill declared that suits will be filed and vigorously prosecuted in justice, circuit and federal courts against "all persons who fail to give proper attention to notes held by this receivership. Ample time has been given many note-makers. he said, "and now we expect action." Already attorneys for the receivership have brought suits in the three courts involving approximately $250,000. total of 154 suits so far filed autions brought to enforce the double liability law against stockholders of the closed bank. Judgments have been obtained against all of the stockholders in this district, but some of them previously had entered voluntary bankruptcy. Mr. Cahill declared that orders recelved from the comptroller of currency allows him no alternative that he must bring suit to collect the receivership's assets


Article from The Kansas City Times, May 1, 1929

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MORE DEFUNCT BANK SUITS. Receiver for First National at Springfield Act. SPRINGFIELD, Mo., April 30.-The federal comptroller of currency in Washington today notified J. E. Cahill, receiver for the new First National Bank here, to proceed with suits against persons who have failed to meet notes issued by the defunct bank. Already attorneys for the receivership have brought suits in three courts, involving approximately % million dollars. The 154 suits so far filed include actions brought to enforce the double liability law against stockholders of the closed bank. Judgments have been obtained against all of the stockholders in this district, but some of them previously had entered voluntary bankruptcy. Eagles to Ballot Today. Ballot boxes for the annual election of Kansas City Aerie No. 47. Fraternal Order of Eagles, will be open from 11 o'clock this morning until o'clock tonight at the lodge hall, 1108 Central street. The officers elected today will take charge of the lodge's membership campaign continuing through May. The man does not exist who cannot use Star Want Ads to his profit.


Article from Springfield Leader and Press, October 10, 1929

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FROM LAWLESSNESS IS AGAIN SEEN Violators Again Active, Says Federal Judge, Charging Grand Jury He said the nation faces vital question, whether the people will accept or rebel the law. Judge Reeves referred "particularly" to the national prohibition law, upon which he declared the people have spoken overwhelmingly at every opportunity. He told of blind soldier who came before the court upon liquor charge, who blamed neighbors who opposed prohibition for his downfall. Citizens and officials decrying the prohibition law were bitterly assailed by the court. percent of the area of the country already had been voted dry when national prohibition he sa. percent of the Volstead law violators in New York City are foreignborn, he declared, and most of them could not become citizens if they wanted "Wine Mocker" "Wine is mocker, and strong drink brawler." he quoted from "The wisdom of 3000 the Bible. years ago is true today," he said. the liquor law Agitation against spewed out by largely are "sewage of Europe, facing the countries America or jail." "Good Citizens Here" "Here in Springfield, the court informed, there are men who pose good citizens, but who scoff at the law and do everything in their power to overthrow. Scoffing at the law undermines. The bootlegger and the bandit have created disrespect of the time for America through and its officials to its grand juries call district of MisIn the western souri, with small foreign popula37 percent all federal law tion, violations are by aliens, Judge Reeves declared. very life of the republic hangs today upon the question of respect for order." "and you law must speak out boldly and courageously." The "propagandists" against the fiquor law have financial interest" the matter, When the law first went into effect provided minor penalties, he pointed, but It now has been upon the books decade "and violators had time to realize the seriousThe new Jones carries maximum penalty five prison. Refers to Law Judge Reeves spoke briefly of the narcotic law, which has "stamped out traffic which made America the worst drug consumer in the world," and of protecting the federal system. The grand jury also, he said, will be asked in fighting state traffic stolen motor cars. The court told the jury. too, how "Has struck and struck hard at the ngly head of white slavery American juries must keep the country pure, the court declared. The grand jury filed from the court room to begin its o'clock and the clerk began calling petit jury to hear cases before the court. Delay War Risk Trials Judge Reeves announced that the 22 war risk cases now pending before the court will be tried special here November 18. suit Cahill, receiver for the New First National bank, against Otto Rader, stockman, continued. Attorneys announced ready for trial several other suits which have been filed by Mr. Cahin to collect rates. The government announced ready for trial in civil action against Collin "Brownie" Brown, convicted Springfield bootlegger. L. Collins, attorney. filed motion seeking modification of the governments padlock order against the Bogardus Drug store building on College street. Judge Reeves announced such efforts to reopen padlocked places here will be taken up Saturday morning. Dr. William E. Gannon of Lewisburg. under probation on liquor selling charge, came before the court witness who testified to his good behavior. He was released again under probation. Vandeventer, district attorney, insisted upon report from the officer for Ralph Garrison, Ozark youth found guilty of selling liquor. The court issued an order to en. force payment on "fine levied against Jim former operator of an inn on Highway 66 west of the city. will be forced the fine serve out in jail. Sentencing of Mrs. Lillie Thurman, who faces liquor charge, was postponed until Saturday because Mrs. Thurman is an important witness in another government Other Heard Cassie Davidson, farmer of Kesee Mills, in Taney county, came before the court for sentence upon previous pleas of guilty to liquor selling charges. He was sentenced to four months in the Taney county jail Forsyth and fined $200. Belle Eiliott, woman, was brought forward sentenced for selling bottle of homebrew March She said she supporting three grandchildren, keeping them in school. Her case was continued until the April term of Runnells, W. Pine street, charged with liquor, of sentence until term by her


Article from Springfield Leader and Press, January 30, 1930

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First National Will Pay Another 10 Percent Soon The closed New First National bank soon will pay another 10 percent dividend of approximately $40.350 to its depositors, it became apparent today upon the even of transfer of the receivership's affairs from J. E. Cahill of Springfield to S. O. Pottorff, a national bank receiver. $36,342 On Hand Mr. Pottorff is expected to arrive in Springfield tomorrow from Oklahoma to take charge of the closed bank's affairs and complete the receivership, Mr. Cahill having resigned more than two months ago because of additional duties brought about by his appointment as regional supervisor of state bank It was learned today that the New First National receivership now has on hand $36,342.83, almost enough to pay R 10 percent dividend. The amount required to pay the bank's last dividend was $40,344.60. Mr. Cahill, It is understood. today had virtually closed negotiations for sale of a tract of land in Kansas, owned by the receivership, for $2400 in cash, and also expected a $1000 note due the bank to be paid some time this week. Already Paid Two These payments, with the cash already on hand. make it appear likely that Mr. Pottorff will be able to declare a 10 per cent dividend within a month after his arrival here. The receivership already has paid two dividends, one for 10 percent in December, 1928, and another for the same amount in June, 1929.


Article from The Higginsville Jeffersonian, February 6, 1930

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MISSOURI Nuggets STATE EVENTS CONDENSED FOR THE BUSY READER held trial in the County Huntsville, sawed their way through of bars, stole an automobile and Sheriff Will Irons reported. fugitive trio Charles Brown, of Moberly, held grand larceny charge: Roy Micheal. of Huntsville, for burglary and larceny, and Auwas jail term bad check charge. term would expired Monday, but county officers said they understood federal officer had planned come here Monday to take him Illinois to face charge of stealing automobile at Rockford. III. The three sawed their way out of their cells, reached the bull pen of the jail and then sawed their way out of Sheriff Irons declared the job could not have been done without help from the out- closed new First National soon will pay another cent dividend approximately $40.350 to its depositors, became known the event of transfer of the ceivership's affairs from E. Cahill of Springfield Pottorff, national bank receiver. Pottorff arrived in Springfield from Oklahoma to take charge of the closed bank's affairs and complete the receivership. The new First National receivership now has on hand $36,342.83, almost enough to pay 10 cent dividend. The per amount required pay the bank's last dividend $40,344.60. Merchant Minute Men's Organization of Mexico, composed many retail merchants and some professional was formed here meet "problems of chain store competition." Fred Morris. an independent cer and past national treasurer of the Lodge, was elected president. Other officers Joe Wilkins, department store owner. first vice-president: Jack Paul, grocer, second vice-president; H. Richards. furniture store er, secretary, and Ralph Coatsworth, lumberman, treasurer. for tion in Missouri last year totaled $208.loss per cent from the 1928 total, according to the Dodge Corporation. contracts let in December reached $6,834.300 against November and 66 cent less than in December, 1928. During the last year new construction was divided for residential buildings: $62,032,000 for public works and utilities: for industrial plants and $22,880,800 for commercial projects. blocks of concrete pavement are included in the Mexico paving program for 1930, outlined report made to Mayor Lane by special city council committee. The program includes the proposed repaying of the Audrain County Courthouse The outlined program for the year includes the paving of six blocks on Jackson street, four on the Courthouse square, two each Robinson. Olive, High and North Western streets, and one block on Craig street. Wright. son of Wright of Competition, miles east of here, badly burned he tried light fire with kerosene. died last week. He had been married only few months. five-gallon can kerosene exploded and burned the house. His wife was away from home. friend with him was only slightly burned. Canton. Seventeen contests are scheduled for debating team of College, besides the debates to be held at the national vention of Kappa Delta. The schedule of the Wildcats includes the lowing schools: Central Wesleyan, Simpson College, Carthage College. tral College, Iowa Wesleyan, Drake University. McKendree College, Wesleyan University, Westminster lege, Missouri Valley, Colorado Agriculture College. Rolla Democratic organ, which has been published Rolla for several years, has suspendand the office equipment has been sold to William Jones of Salem, will start Democratic paper in Dent County. Jones was formerly in the newspaper business. but for several has been druggist. son of Mr. and Mrs. Purl Pennington of Carthage, died following injuries received in coasting accident. The victim crashed into another sled. the runner penetrating his Meningitis leveloped following removal of the 77. lifelong Audrain County died home near here. His wife and ten hildren. eight and four survive him.


Article from The Jefferson County Press-Times, February 6, 1930

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MISSOURI News Nuggets LATE STATE EVENTS CONDENSED FOR THE BUSY READER youths, who being for trial in the County at Huntsville, sawed their way through sets of bars, stole an automobile and escaped, Sheriff Will Irons reported The fugitive trio are Charles Brown Moberly, held on grand larceny charge: Roy Micheal, 19. of Huntsville held for burglary and lareeny, and Au brey of Clark, who serving thirty-day jail term on bad check charge. Fox's term would have expired Monday, but county officers said they understood federal officer had planned come here Monday to take him to Illinois to face charge of stealing automobile at Rockford. III. The three sawed their way out of their cells, reached the bull pen of the jall and then sawed their way out of it. Sheriff Irons declared the job could not have been done without help from the out side. closed new First National Bank soon will pay another 10 cent dividend of $40,350 to Its depositors, became known upon the event of transfer of the receivership's affairs from Cahill of Springfield to Pottorff, national bank receiver. Pottorff arrived in Springfield from Oklahoma to take charge of the closed bank's affairs and complete the receivership. The new First National receivership now has on hand $36,342.83, almost enough to pay 10 per cent dividend. The amount required to pay the bank's last dividend Merchant Minute Men's Organization of Mexico. composed of many retail merchants and some professional men, was formed here meet "problems of chain store competition." Col. Fred Morris, an independent and past national treasurer of the Elks' Lodge, was elected president. Other officers Joe Wilkins, depart ment owner. first vice-president Jack Paul. grocer. second dent H. Richards, furniture store ownsecretary, and Ralph Coatsworth lumberman, treasurer. St. let for construetion in Missouri last year totaled $208, 731.200. loss of per cent from the 1928 total, according to the Dodge Corporation. New contracts let in December reached against for November and 66 per cent less than in December, 1928. During the last year new construction was divided for residential buildings: $62,032,000 for public works and utilities: for industrial plants and $22,889,800 for commercial projects. blocks of concrete pavement are included in the Mexico program for 1930, as outlined in report made to Mayor Lane by special council committee. The program includes the proposed repay. ing of the Audrain County Courthouse square The outlined program for the year includes the paving of six blocks Jackson street, four the Courthouse two on Robinson. Olive, High and North Western streets, and one block on Craig street. Wright. son of E. Wright of Competition. miles east of here. badly burned when he tried to light fire with kerosene, died last week. He had been married only few months. five-gallon can of kerosene exploded and burned the house. His wife was away from home friend with him was only slightly burned. Canton. Seventeen contests are scheduled for the men's debating team College, besides the debates to be held at the national convention of PI Kappa Delta. The schedfile of the Wildeats includes the fol lowing schools: Central Wesleyan. Simpson tral College, Iowa Wesleyan, Drake Wesleyan University. Westminster College, Missouri Valley. Colorado AgriculCollege. Rolla Times, Democratic organ, which has been published Rolla for several years, has suspended and the office equipment has been sold to William Jones of Salem. who will start Democratic paper in Dent County Jones was formerly in the newspaper business, but for several years has been druggist. Pennington. 19-yearold son of Mr. and Mrs. Purl Pennington of Carthage. died following injuries received in coasting accident. The victim crashed into sted. the runner penetrating his eye. Meningitis developed following removal of the optic. long Audrain County resident. died at his home near here. His and ten children. eight grandchildren and four survive him. the brakes of Spring Creek, ten miles east of Oregon County, Deputy State Game Warden Walter Endecott of Gainesville found full-grown female deer that had been killed and partly devoured by wolves. recently virtually destroyed the building occupied by the Trimble Motor Co., with loss estimated at $12,000. All cars and some of the equipment were saved. The second story of the building was occupied by several families, who lost most of their personal property.


Article from The Jerico Springs Optic, February 14, 1930

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MISSOURI News Nuggets LATE STATE EVENTS CONDENSED FOR THE BUSY READER youths, who being held for trial the County Jail sawed their way through sets bars, stole automobile escaped, Sheriff Irons reported. The fugitive trio are Charles Brown, 20, of Moberly, held grand larceny charge; Roy held for larceny, and Auwas serving term bad check charge. Fox's would have expired Monday, but county officers said they understood federal had planned come here Monday to take him to Illinois face charge of stealing an automobile at Rockford, The three sawed their way out of their cells, reached the bull pen of the jall and then sawed their out of Sheriff Irons declared the could not have been done without help from the outside. new First National pay another cent dividend approximately $40,to Its depositors, became known upon the event of transfer of the ceivership's affairs from Cahill Springfield to Pottorff, national bank Pottorff arrived in Springfield from Oklahoma take charge the closed bank's affairs and complete the receivership. The new First National receivership now has hand $36,342.83, almost enough to pay per cent dividend. The amount required the bank's last dividend $40,344.60. Merchant Minute Men's Organization Mexico, composed of many retail merchants and some professional was formed here to meet "problems of chain store competition." Morris, independent cer and past national treasurer of the Elks' Lodge, was elected president. Other officers Joe Wilkins, department store owner, first vice-president; Jack Paul, grocer, second vice-president: Richards. furniture store ownsecretary, and Ralph Coatsworth, for construetion in Missouri $208,731,200, loss cent from the 1928 total, according to the Dodge Corporation. tracts let December reached $6,834.300 against November and per cent less than In December, 1928. During the last construction divided $73,889,400 for residential public works and utilities: $30,125,200 for industrial plants and $22,889,800 for commercial projects. blocks of concrete pavement are included the Mexico paving program for 1930, outlined in report made to Mayor Lane by special city council committee. The program includes the proposed repaving of the Audrain County square. The outlined program for the year includes the paving of six blocks Jackson street, four on the Courthouse square, two each on Robinson, Olive, High and North Western streets, and one block on Craig street. Wright, son of Wright of miles east of here, badly burned when tried to light fire kerosene, died week. He had been married only few months. five-gallon can kerosene exploded and burned the house. His wife was away from home. friend with him was only slightly burned. contests are the debating team College, besides the debates be held the national vention Kappa Delta. The schedule of the Wildcats includes the following schools: Central College, Carthage College, College, Iown Wesleyan, Drake University, McKendree College, Illinois Wesleyan University, Westminster College, Missouri Colorado AgriculCollege. Rolla Times, Democratic which has been published in Rolla for several has years, suspended and the office equipment has been sold William Jones of Salem, will start Democratic paper Dent County. Jones was formerly the but for several druggist. Pennington, Mr. and Mrs. Purl Pennington Carthage, died Injuries received in coasting accident. The victim crashed into another sted. the runner his eye. Meningitis developed following removal of the lifelong Audrain County resident, died home near here. His wife and ten children, eight and four survive him. the brakes of Spring Creek, ten miles east of Thomasville, Oregon County, Deputy State Game Warden Walter Endecott Gainesville female deer that had been killed and partly devoured wolves. recently virtually destroyed building by the Trimble Chevrolet Motor Co., with loss estimated All the equipment were second story the building was pled several familles, lost most their personal property.


Article from The Springfield Press, May 14, 1930

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FLOYD BULLIVAN The Press Staff Talked to Dr. Frank Raney and inquired there chance fellow getting was any sense after his wisdom teeth have been exany tracted. Frank depends entirely upon says 'status quo'. Now I'm trying to find one's who will analyze 'status quo', Met former chief of police, on Jefferson avenue and we made little chinfew minutes. It was Mr. Boenm music who started the bureau at central police headquarters, although at that time there was no appropriation for such department. Gawked into the office of Pottorff, ceiver for the New First National bank, and discovered that bank have more troubles than incidentally several worries. However, Mr. not type of man who will ever let the other fellow's financial difficulties get his Angora, all which probably will lengthen his years and broaden his smile. Harry Allis, noted New York artist who Eureka Springs, Ark., called The Press office few days Mr. Allis an admirer of the Ozarks region and found much inspiration in the rustic beauty ings with Ozarks scenes subjects. Dropped into Arthur Smith's office in the Landers building. happened to Arthur's birthday and seemed to me that his customary smile bit broader. He one man know who gets real of living. There doesn't seem to be any paved highway success and the traveler just has blunder around on one of the many detours until he gets there. Ponce De Leon should have seen soda fountain and his have ended. Negative personalities are the result of too many 'thou shalt nots' in home environment and everyday life. Armstrong tells me he planning trip east this summer, at which time he will interview several publishers regarding number of which now are in course of preparation. Mr. Armstrong the author of several books and vast of magazine and newspaper stories. One of most interesting books deals with slave life the old south. know one fellow who is always on the bull the stock market who will not go downstairs in elevator because he has horror sudden drops. However, in the best of spirits when he arrives the office in the morning after riding up in the These things learned from his this and nothing more. you don't smile now and then, people will think you never wash your teeth. Did you ever notice how are many people unable to speak distinctly They attempt to put too much Gilda Gray their voices. Most men are liars. The difference that escape detection and are in position to pour the dub who caught. The only fellow who really takes us for what the undertaker. There are and pollyticks and regardless of the type plain and fancy scratching doesn't of harm. Reporter (Seeking you know have to Managing Ed. (Suffering from hangnails and hangovers): What husband would want talking picture his wife? The fellow who says he can't find job, usually seeking that myth commonly referred have noticed that even the forgetful men no difficulty in remembering pay day. Headline says: Public Demands Clean Literature. Maybe I'm wrong, but that headline true can't see how many exist without sales. Look the stock over almost stand and quit kidding yourabout what the dear old public demands. Dora, your answer. started writing for money when my father sent me wrote least twice week.


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SEEKS $6,500 FROM RHODES Bank Receiver Brings Action Against Produce Firm Official. J. A. Rhodes, executive officer of the C. L. Rhodes Produce company, is made defendant in a suit to recover $6,500 filed Thursday by Frank B. Williams, attorney for the receivership of the New First National bank, in federal court here. The attorney in trying to collect the amount of the note. alleges that Rhodes deprived the bank of $6,500 worth of eggs through "fraud, accident and mistake.' The petition says that Rhodes in March, 1927, about year before the bank closed, gave the institution note for $6,500 and later contrived to pay the note with the bank's own money obtained through an alleged manipulation of the proceeds from three carloads of eggs title to which was held by the bank. The bank acquired possession of the eggs when Rhodes' brother, John W. Rhodes, placed the bills of lading on deposit to apply on a large overdraft he had created in his account. The two brothers caused payment of the drafts which had been at tached to the bills of lading for the eggs to be stopped. New drafts were drawn against the egg shipments and deposited in the Mc. Daniel National bank. Rhodes thus


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SUIT TO RECOVER $6500 IS STARTED BY BANK RECEIVER Petition in Federal Court Claims J. A. Rhodes Obtained Note by 'Fraud, Accident and Mistake' SUIT to recover $6500 for the benefit of depositors of the defunct New First National bank was filed in United States court here yesterday against J. A. Rhodes by Frank B. Williams, attorney for the receiver. It is charged that Rhodes gave the bank note for that amount in March, 1927. about a year before the bank closed. and then contrived to pay off the note with the bank's own money, obtained through an alleged manipulation of the proceeds from three carloads of eggs, title to which was held by the bank. COVERED OVERDRAFT The bank acquired possession of the eggs when Rhodes' brother. John W. Rhodes, placed the bills of lading on deposit to apply on a large overdraft he had created in his account. The $6500 note given by J. A. Rhodes on March 7, 1927. was to cover the balance of the overdraft. At this point the two brothers caused payment of the drafts which had been attached to the bills of lading for the eggs to be stopped according to the petition. Then by means of new drafts drawn against the CEE shipments and deposited to the McDaniel National bank March 10. 1927, the Rhodes brothers on March 16 acquired the proceeds of three carloads of the not ment, amounting to $8165 18. = a alleged. Out of these proceeds. they our ported to pay off J. A Rhodes note for $6500 by a check for that amount drawn against the MeDaniel National bank deposit the suit charges. The C. L. Rhodes Produce company. of which J. A. Rhodes was active executive officer. had been doing most of its banking business at the New First National, Williams points out In his petition. so the bank was kept in ignorance of what had really happened by opening up the account in the McDaniel National. LOST IN STATE COURT The note was nevertheless canselled and surrendered to the maker, and now is said to be lost. The bank having lost in a sult in state court to recover the proceeds from the eggs, of which it claimed to have been deprived. the receiver is now seeking to recover the amount of the note. His grounds are that "the cancellation and surrender of said note was accomplished through fraud. accident. and mistake." C. H. Eckery is receiver for the New First National bank.