First National Bank (Harrisonville, MO)

Episode Information

Episode UID
375401123
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
37540 national
Charter Number
3754
Start Date
July 20, 1893
Location
Harrisonville, Missouri (38.653, -94.349)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0b28b7f314bafb90

Response Measures

None

Events (4)

1. July 16, 1887 Chartered
Source
historical_nic
2. July 20, 1893 Suspension
Cause
Macro News
Cause Details
Stringency in the money market and failure to realize on collateral caused the suspension.
Newspaper Excerpt
The First National bank has suspended payment and is in the hands of the comptroller of the currency.
Source
newspapers
3. September 4, 1893 Reopening
Newspaper Excerpt
The First National bank of this city, which suspended payment July 20, opened its doors for business yesterday morning.
Source
newspapers
4. March 17, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (21)

Article from Deseret Evening News, July 20, 1893

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Advised of the Sallare. WASHINGTON, July 20.-The comptroller was advised this morning of the failure of the First National bank of Harrisonville, Mo. J. I. Mercer, Helena, Mont., is appointed receiver of the Livingston National bank, Livingston, Mont.


Article from The Herald, July 21, 1893

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A Missouri Bank Failure. HARRISONVILLE, Mo., July 20.-The First National bank has suspended payment and is in the hands of the comptrollor of the currency, The liabilities are between $30,000 and $40,000; assets $80,000. Stringency in the money market and failure to realize on collateral is the cause of the suspension.


Article from Rock Island Daily Argus, July 21, 1893

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THE SITUATION AT DENVER. Eckles Promises to Give 'Em Time and Things Look Better. CHICAGO, July 21.-The Denver financial flurry is about over. Comptroller of the Currency Eckles has telegraphed the United States bank examiner there to assure the officers of the suspended banks that he will give them time, and aid them in every way possible. He says no bank need fear severe measures by the government where the business has been properly conducted. The run at Colorado's capital is ended. A number of the bus ness houses losed will resume business at once, among them the Flanders Dry Goods company. Others who will resume are the Halleck-Sayre Lumber company and the Tucker Manufacturing company. On the other hand the Roberts-Henderson company and the Adams Manufacturing company have been attached. At other points the following failures have taken place: At Harrisonville, Mo., First National bank-will pay in full; Cheyenne, Wyo., Kent bank and First National-both will probably reopen; Warrensburg, Mo., Johnson County Savings bank-pay in full; Canon City, Colo., First National-pay in full; Grand Junction, Colo., First N tional-pay in full: Manitou and Colorado Springs, J. B. Wheeler & Co., bankers-plenty of assets.


Article from The Salt Lake Herald, July 21, 1893

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Two Banks Fail. WASHINGTON, July 20. - The comptroller was advised this morning of the failure of the First National bank of Harrisonville, Mo. J. I. Mercer, Helena, Mon., is appointed receiver of the Livingston bank, Livingston, Mon.


Article from The Salt Lake Herald, July 21, 1893

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A Missouri Bank Suspends. HARRISONVILLE, Mo., July 20.-The First National bank has suspended payment and is in the hands of the comptroller of the currency. Liabilities, between $30,000 and $40,000; assets, $80,000. Stringency in the money market and failure to realize on collateral caused the suspension.


Article from The Providence News, July 21, 1893

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for lack of confidence on the part of the depositors. "It is my intention," he said, "where a bank has been properly conducted, and whose assets, under ordinary circumstances, would have permitted it to remain solvent, to give the institution every opportunity to resume business. "All the Denver banks that failed were well conducted, and every opportunity will be given them to reopen. The people who have caused the Denver disaster by foolish runs should do all they can to help the banks resume." Notifications of two more failures reached Mr. Eckels yesterday. The unfortunate banks are the First National bank of Harrisonville, Mo., and the Oklahoma National bank of Oklahoma City, O. T.


Article from Omaha Daily Bee, July 21, 1893

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Missouri Bank Closed. WASHINGTON, July 20.-The comptroller was advised this morning of the failure of the First National bank of Harrisonville, Mo. J. I. Mercer of Helena, Mont., has been appointed receiver of the Livingston National bank at Livingston. Mont.


Article from Omaha Daily Bee, July 21, 1893

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suspended Payment. HARRISONVILLE, Mo., July 20.-The First National bank of Harrisonvilie suspended payment this morning. The assets are between $80,000 and $90,000; liabilities, between $30,000 and $40,000.


Article from St. Paul Daily Globe, July 21, 1893

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Small Bank Fails. HARRISONVILLE, Mo., July 20.-The First National Bank of Harrisonville suspended payment this morning, and is In the hands of the comptroller of the currency. Capital stock, $50,000; assets between $80,000 and $90,000; liabilities between $30,000 or $40,000. Stringency of the money market and failure to realize on collateral is the cause of the suspension.


Article from The Star, July 26, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON, IND.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 11 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended, It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only 84 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, COL-The Bank of Sterlin has assigned. BOZEMAN, MONT-The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAS.-The Hutchinson National Bank has closed its doors. ASPEN, CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA CiTY-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, Kr.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied upon them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HARRISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Company closed its doors. It promises to pay depositors in full. ANTHONY, KAs.-The First National Bank and the First National Bank of Canso City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban of San Bernardino, Cal., which recently failed, be allowed to reopen at once, its affairs being in good condition. NEW YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition. generally and be anticipates no failures,


Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.


Article from Delaware Gazette and State Journal, July 27, 1893

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banking institutions generally. as follows: Frank Adams, National Bank Examiner. Danver, Co4: I wish you would announce to the officers of the banks which have falled in Denver that it is my intention to lend them every aid possible looking towards speedy resumption on their part, and that I shall grant to them suncient time to enable them to not only collect in such amounts as are speedily collectible, but to get together such amounts of money as will enable them to open upon & BOLK basis. It seems to me that such citizens as have. by a foolish course of conduct in withdrawing doposits from banks which BO long enjoyed their complete confidence, brought about this condition. ought, in view of the damage they have done their city, as early as possible try to repair it by standing ready to deposit with them. I tuily appreciate all the circumstances of the situation and the unnecessary loss entailed. You are authorized to employ as assistants. to protect paper and collect in moneys, the most competent and trustworthy employes in such institutions. I have also ordered Examiner McHugh of Iowa to report at once to assist you. I desire that this telegram be given to the press at Denver, evidencing as it does that,the comptroller has faith in the ability of the banks of Denver to resume, and of his desire to lend them every assistance consistent with his official duty. When asked to express more fully his views on the condition of affairs, Mr. Eckels said the failures in Denver, yesterday, like a number of other national bank failures. were caused by no fault of the bank officials, but through a foolish and uncalled for lack of confidence on the part of depositors. "It is my intention," he said, "where a bank has been properly conducted and whose assets under ordinary circumstances would have permitted it to remain solvent, to give the institution every opportunity to resume business. All the Denver banks that failed were well conducted and every opportunity will be given them to reopen. The people who have caused this Denver disaster by foolish runs should do all they can to help the banks resume." TWO MORE FAILURES. Notifications of two more failures reached Mr. Eckles this forenoon. The unfortunate banks are the First National Bank of Harrisonville, Mo., which went under this morning, and the Oklahoma National Bank of Oklahoma City, Oklahoma, which closed its doors yesterday.


Article from The Times, July 28, 1893

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'he News Condensed. Important Intelligence From All Parts. DOMESTIC. IN Colorado the J. B. Wheeler Bank g company at Aspen, the Bank of erling at Sterling, and the Bank of veland at Loveland, have assigned. JOHN SWARTOUT. of Morrison, Ill., eted for the murder of hisfather, jail of consumption. THE Milburn wagon works at Toledo, , employing 1,500 men, the largest itution of its character in the United ates, closed down for six months. MRS. CONRAD VEILHAM, of Tonawan , N. Y., has fallen heir to $4,000,000 rough the death of an uncle in India DURING the twelve months ended ne 30, 1893, the number of immigrants riving in the United States was 497, 3,and during the corresponding period the preceding year 619,320 arrived. A FIRE at Susanville, Cal., resulted e destruction of sixty buildings and used a loss of about $250,000. CoL. BENJAMIN F. JOHNSON, one of e leading attorneys of Kansas City, an., was shot down in the streets and stantly killed by A. W. Little, one of e most prominent citizens of the wn. Financial trouble was given canse. e AN incendiary fire at Greenville, Miss., used a loss of $100,000. THE National bank at Hutchinson, in., failed with liabilities of $131,000 d the Bank of Parker and the Woodn bank of Yates Center, in the ate, closed their doors. THREE sons of Mr. Lave, of Gregg unty, Tex., robbed their father of 2,000 and fled. Two were caught. LIGHTNING killed James Witts' two ildren while they were standing un r a tree during a shower at Sadlers lle, Tenn. THE pension office in Washington tes that the total number of penners dropped from the rolls since arch 4, 1893, was 245, and that the tal number of pensioners suspended ce March 4, pending a further invesration of their cases, was 5,090. IN a freight wreck near Jonesboro, ., Engineer Ben Wade, Fireman Joe mmis and Brakeman J. W. Marshall ere killed. BANK failures were reported as fol ws: First national at Harrisonville o., Oklahoma national at Oklahoma, rst national at Anthony, Kan., Bank Belleville, Kan., First national reeley, Col., National at Grand June on, Col., First national at Cheyenne, yo., and First national at Canyor ty, Col. OVER 30,000 men were idle in Colo do as a result of the closing down of ver mines, and it was feared that eat suffering would follow. IN territory near Toledo, O., aban ned thirty years ago as practically orthless, oil has been struck in im ense quantities. By the explosion of a gasoline stove ar Cincinnati John Ulrich, wife ild were fatally burned. THREE men were burned to death by dden flow of ignited oil at wells O ADVICES from Pittsburgh, Pa., at the plate glass trust has collapsed d that the many idle factories roughout the country will resume erations. THE Flanders dry goods house enver failed for $125,000. and will of the late Anthony


Article from The L'anse Sentinel, July 29, 1893

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COURAGE FOR DENVER. Every Effort to Be Made to Enable the Suspended Banks to Resums. WASHINGTON, July 21.-James H. Eckels, the comptroller of the eurrency. immediately on his return from New York, this morn ng. addressed to the national bank examiner at Denver a dispatch defining the policy of the admin stration with reference to 111solvent national banking institutions generally, as follows, ** a k Adams, national bank examiner. Denver, Co O.: I wish you would annown e to the officers of the banks which have failed in Benver that it is my intention to le d them every aid possible looking toward speedy re umption on their part, and that shall grant to them sufficient time to enable them to not only colect such amounts as are speedily collectable, but to get together such amounts of money as will enable them too pen upon a small basis. "it seems to me that such citizens as have. by a foolish course of conduct in withd deposits from banks which SO long enjoyed their complete contiden an brought about thiseondit on. ought in view of the damage they have cone their city, US quickly as possible to repair it by standing ready to deposit with them. **1 fully appreciate all the circumstane of the si nation, and that no unne ssary loss may be entailed you are author ized to employ as assistants to pro 001 paper and e Elect injm: neys the mos compe ent and trustwor by employes in such institutions. I have also ordered Ex un ner Mellugh of Iowa to report at once to ssint you. *I desire that this telegram be given to e press at Denver, evidencing as it does that the comptroller has faith in the ability of the banks in Denver to resume and his desire to lend them every ass stance consistent with his official duty." When asked to express. more fully his views on the condition of affairs Mr. Eekels said the failures in Denver yesterday, like a number of other national bank failures, were caused by no fault of the bank officials, but through a foolish and uncalled for lack of confiden e on the part of depositors. "It is my intention." he said. "where a bank has been properly consucted and whose assets under ordinary circumstances would have permitted it to remain solvent, to give the institution every opportunity to resume business. All the Denver banks that failed were well conducted. and every opportunity will be given them to reopen. The people who have caused the Denver disaster by foolish runs should do all they can to help the banks resume." Notifications of two more failures reached Mr. Eckels this forenoon. The unfor unate banks are the First National bank of Harrisonvil.e. NO., which went under' this morning. and the Oklahoma National bank of Oklahoma City, Okla,, which closed its den e you erdar


Article from The Times, September 2, 1893

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National Banks Resume. WASHINGTON, D. C., Sept. 1.-The following National Banks, which recently suspended payment have to-day been permitted to re-open their doors for business: The American National Bank of Nashville, Tenn., the First National Bank, of Grundy Center, Iowa, and the First National Bank, of Harrisonville Mo.


Article from The Morning News, September 2, 1893

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Three Banks to Reopen. Washington, Sept. 1.-The following national banks which recently suspended payment have to-day been permitted to reopen their doors for business: American National of Nashville, Tenn., First National Bank of Grundy Center, Ia., and First National Bank of Harrisonville, Mo.


Article from The Sun, September 2, 1893

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Banks Resuming Business. WASHINGTON, Sept. 1.-The following national banks. which recently suspended payment. have to-day been permitted to reopen their doors for business: The American National Bank of Nashville. Tenn.: the First National Bank of Grundy Centre, Iowa, and the First National Bank of Harrisonville. Mo.


Article from Reporter and Farmer, September 7, 1893

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MAY RESUME. Washington, Sept. 2.-The following national banks, which recently suspended payment, have to-day been permitted to reopen their doors for business: The American National Bank of Nashville, Tenn.; the First National Bank of Grundy Center, Iowa, and the First Na. tional Bank of Harrisonville. Mo.


Article from The Princeton Union, September 7, 1893

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MAY RESUME. Washington, Sept. 2.-The following national banks, which recently suspended payment, have to-day been permitted to reopen their doors for business: The American National Bank of Nashville, Tenn.; the First National Bank of Grundy Center, Iowa, and the First National Bank of Harrisonville. Mo.


Article from Courier Democrat, September 7, 1893

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MAY RESUME. Washington, Sept. 2.-The following national banks, which recently suspended payment, have to-day been permitted to reopen their doors for business: The American National Bank of Nashville, Tenn.: the First National Bank of Grundy Center. Iown, and the First National Bank of Harrisonville. Mo.


Article from The Weekly Intelligencer, September 9, 1893

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Harrisonville Bank Resumes. Harrisonville, Mo., Sept. 4.-The First National bank of this city, which suspended payment July 20, opened its doors for business yesterday morning and received several thousand dollars of deposits during the day.