Sedalia National Bank (Sedalia, MO)

Episode Information

Episode UID
439201133
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
43920 national
Charter Number
4392
Start Date
May 4, 1894
Location
Sedalia, Missouri (38.704, -93.228)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9372f97753bc5f3d

Response Measures

None

Receivership Details

Depositor recovery rate
94.0%
Date receivership started
1932-02-15
Date receivership terminated
1937-08-25
Share of assets assessed as good
15.4%
Share of assets assessed as doubtful
81.0%
Share of assets assessed as worthless
3.6%

Description

Newspapers report a suspension and receiver in 1894, but provided known receivership date is 1932-02-15; additional archival records could resolve this discrepancy.

Events (5)

1. August 12, 1890 Chartered
Source
historical_nic
2. May 4, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspended with a reported shortage of $256,000; later indictments for forgery/grand larceny of officers
Newspaper Excerpt
president of the Sedalia National bank, which suspended May 4, 1894, with shortage of $256,000
Source
newspapers
3. May 24, 1894 Other
Newspaper Excerpt
appointed attorney for the receiver of the defunct National Bank of Sedalia (Judge W. S. Shirk appointed attorney for the receiver).
Source
newspapers
4. February 15, 1932 Receivership
Source
historical_nic
5. February 15, 1932 Receivership
Newspaper Excerpt
Known government-record receivership date for Sedalia National Bank (conflicts with 1894 newspaper references).
Source
newspapers

Newspaper Articles (5)

Article from The State Republican, May 24, 1894

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Article Text

# A GOOD REPUBLICAN GETS A FAT JOB. Judge W. S. Shirk of Sedalia, late candidate on the Republican ticket for judge of the supreme court, has been appointed attorney for the receiver of the defunct National Bank of Sedalia. The order of appointment was made by Cleveland's secretary of the treasury. That is the way this is so called Democratic administration is making Missouri more Democratic, Are there no competent Democratic lawyers in the state?โ€”Colo County Democrat. When it comes to positions of trust, "there are no competent Democratic lawyers" that Cleveland is willingly to risk. Cleveland possesses a discriminating eye and the Democrat sees the point.


Article from The Wichita Daily Eagle, December 4, 1894

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Article Text

INDICTED FOR WRONG DOING. Sedalia, Mo., Dec. 3 - Cyrus Newkirk, president of the s dalia National bank, which suspended May 4, 1894, with shortage of $256,000, has been indicted by the Petis county grand jury on nine counts for petit and grand larceny.


Article from The Morning Call, December 4, 1894

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Article Text

No lady will ever know how superior to every other Dr. Price's Cream Baking Powder is until sbe tries it, Bank-Wrecker Indicted. SEDALIA, Mo., Dec. 3.-Cyrus Newkirk, president of the defunct Sedalia National Bank, which suspended May 4, 1894, with a shortage of $256,000, has been indicted by the Pettis County Grand Jury on nine counts for forgery and grand larceny. the same as J. Thompson, the fugitive cashier. Mr. Newkirk is now in California for his health.


Article from Great Falls Weekly Tribune, December 14, 1894

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Article Text

Charged With Forgery. SEDALIA, Mo., Dec. 6.-Cyrus Newkirk. president of the defunct Sedalia National bank, which suspended May 4, 1894, with a shortage of $256,000, has been indicted by the Pettis county grand jury on nine counts for forgery and grand larceny, the same as J. Thompson, the fugitive cashier. Mr. Newkirk is now in California for his health.


Article from The Age-Herald, February 16, 1898

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Article Text

PETTUS HAS A CUBAN RESOLUTION Relating to the Murder of an American Citizen in Cuba Passed. KANSAS PACIFIC MATTER Consumes the Day in the Senate Mr. Harris' Resolution Passed. THE NATIONAL BANKING BILL Preventing Officers From Overdrawing or Loan ing Money Without Consent of the Directors Passed-House Bill to Amend Navigation Laws. Washington, Feb. 15.-Mr. Pettus passage of of offered and secured the if not bama resolution requesting the president interest, to incompatible a senate with the what action public has been Seinform the reference to the murder of United taken in a citizen of the the gundo N. Lopez, the 11th of April, 1896, Cuba, in by States, on del Valla, Maguerralla, by Estruch. Santiago armed soldiers of Spain, commanded by Col. introduced vesterday the attorThe Harris resolution of Kansas, directing senate informa Mr ey-general furnish agreement the reached by com- the tion as to the with the reorganiza rail concerning the Kansas mittee government of the branch, Union Pacific was laid before the to senate Mr. Chandler said did he had not no approve objection of dis- the preamble, the resolution, which but included a press patch. esasa Influence Congress. To he might not inMr Harris replied that after he had he made said, sist statement. upon the pream The Union attempted Pacific, to influence had for and long officials time of the that ministration company to congress scale down the about debt 50 of per company cent. Until had to year the government ago last January At that the time they made administration to loss with been an arrangement unsuccessful by which with Mr. that Cleveland road the govern- was to then Harris was not ment be disposed of about of asons $28,000,000. why that Mr. arrangement outlined the carried into effect. Worth the Claim. Kansas of to Mr Harris maintained worth that the last the cent Pacific government's road was claim and it general ought to the demanded governed by the attorney to the effect be referring giving powers. to aministrations said pass Mr Morgan bill in the senate to become he thought bidder for the the administrati Kansas Pacific take he that measure pass the up the senate ought W ether would takes place and pass which sometimes could congestion branch of congress possible, however in the other would be there was not say It nstrate whether atives which to dem of repr proposed thus in the house way of the of power would stand in the to save the people measure intended nearly 000.000 sometimes permit country will the consea the Political They parties will swallow without quences robberies. of the these people cobberies will not whatever allow politi- Morselves strain; to but be juggled do," with concluded Mr. cal parties may the resolution be gan. Gear moved mittee that on Pacific to rail- 34, the and out division. roads. referred Mr The to resolution the motion com was was then defated adopted with The Resolution. as reads The resolution as adopted eneral is follows: Resolved That the the attorney genate if his he has exdirected to the inform aba donment redeem the of first Pacific mortpressed authorized intention issued to by the Union division now Union gage Railroad bonds company, Pacific division eastern ask of appontment the the Kansas and to and the interests Pacfic ralway sale thereof in the Staties and of the receiver receiver therefor of the Unitd of authorize an be sold for in the also it he said has property bonds to resulting amount which of subsidy of the twenty face value to the government six hundred and and seven dol- not a of loss six usand, million, one hundred ernment has agreed exeeu four and thous if the govern sald sale.' into lars, to be bidder at the genat went session Har the At 2:30 p m. After the executive -genral on the m. report resolution tive sesion of the attorn was read and at 5:30 p. the rison senate adjourned. THE HOUSE today IN 15.-In the house risingsto to Cooper Feb. of Missouri, called inquiry attention introMr privilege, of the question that of a resolution calling upon statethe fact Dec. 14. for the of duced by of him the treasury of the receiver Mo. which the secreta unting of Sedalia, currency ment and National bank banking reported and back First was referred had to the not resolution been of inquiry is priv- not reported Under committe the upon rules, within seven days Mr. Johnson ileged. After an explanatic on behalf by and of the rrency reso- sublution (rep.) of Indiana of the said banking action peculiar upon the circumhe that the committee committee had been who delayed though by the resolution sub-comtomorrow, discharge stances mittee would and Mr. report Cooney upon withdrew the committee. motion he had entered Nat to avigation Laws. York, chairman Payne The (rep.) of New merchant the marine, nav- Mr. Mr. committee on bill to to amend States been of the the senate United had called up laws of the that the epartment, bill sea- and igation explained treasury depar our prepared Payne by the solely to Pacific protect coast with was designed trade along the said the Alaska coast (dem.) of Arkansas scope than entire apMr. had Terry much It broader related to States. the He the bill peared coastwise at trade first. this of trade the United belonged laws were to in believed States. that Our shipping should be general laws, not vision. simply owners American antiquated United special but there laws. fostere Special the shipping were trust. to place he was his opinion As long as the American opposed flag to over such was unable built pending vessel measure. pending bill bills foreign Mr as Dingley the said out the the traditional restricting pol- our designed to government carry of American vesicy astwise the carrying trade 18 di Lion sels. The bill was passed Committeer. without comCalling were of then from called. the to amend mittee on the judiciary act of officers 1887 relating $ 50.09 to rrect United Mr. The Undergraft committees (rep. called 1a.). up to a the bill fees States of