Bates National Bank (Butler, MO)

Episode Information

Episode UID
640501281
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
64050 national
Charter Number
6405
Start Date
September 20, 1906
Location
Butler, Missouri (38.259, -94.331)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
da450671963ebdd0

Response Measures

None

Receivership Details

Depositor recovery rate
76.5%
Date receivership started
1906-09-20
Date receivership terminated
1915-05-07
OCC cause of failure
Excessive lending
Share of assets assessed as good
42.4%
Share of assets assessed as doubtful
19.8%
Share of assets assessed as worthless
37.8%

Description

Contemporary dispatches state the board closed the bank to go into liquidation and a receiver was appointed; later articles report indictment of the president.

Events (4)

1. August 30, 1902 Chartered
Source
historical_nic
2. September 20, 1906 Receivership
Source
historical_nic
3. September 20, 1906 Receivership
Newspaper Excerpt
The Bates National bank of Butler, Mo., was closed today by direction of the board of directors for the purpose of going into liquidation. L. W. Butler has been appointed receiver.
Source
newspapers
4. April 27, 1907 Other
Newspaper Excerpt
Federal grand jury returned an indictment against Capt. Flavius J. Tygard charging misapplication of the funds of the Bates National bank of Butler, Mo., which suspended in September last and of which he was president.
Source
newspapers

Newspaper Articles (22)

Article from The Fargo Forum and Daily Republican, September 20, 1906

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VOLUNTARILY CLOSED. Missouri Bank Decides to Go Out of Business. Washington, Sept. 20.-The Bates National bank of Butler, Mo., was closed today by direction of the board of directors for the purpose of going into liquidation. L. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised, no charges of wrong doing have been made.


Article from The Topeka State Journal, September 20, 1906

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Bank Closes at Butler, Mo. Washington, Sept. 20.-The Bates National bank of Butler, Mo., was closed today by the action of the board of directors. for the purpose of going into liquidation. T. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised no charges of wrong doing have been made.


Article from Deseret Evening News, September 20, 1906

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BATES NATL BANK CLOSED. Washington, Sept. 20.-The Bates Nutional bank of Butler, Mo., was closed today by the action of the board of direc. tors, for the purpose of going into liquidation. T. W. Butler has ben appointed 88 receiver So far as the comptroller of the currency is advised, no charges of wrongdoing have been made.


Article from The Washington Times, September 20, 1906

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BUTLER BANK CLOSED TO WIND UP BUSINESS The Comptroller of the Currency announces that the Bates National Bank of Butler, Mo., was closed today by action of the board of directors, for the purpose of going into liquidation. W. J. Butler has been appointed receiver. The resources and liabilities of the bank as shown by the last report of condition September 4, 1906, were $239,912.74 each.


Article from Americus Times-Recorder, September 21, 1906

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National Bank Closed. Washington, Sep't. 20.-The Bates National bank of Butler, Mo., has been closed by the action of the board of directors for the purpose of going into liquidation. T. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised, no charges of wrong-doing have been made.


Article from The Madison Daily Leader, September 21, 1906

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NATIONAL BANK CLOSED. Receiver Named for Institution at Butler, Mo. Washington, Sept. 21.-The Bates National bank of Butler, Mo., has been closed by the action of the board of directors for the purpose of going into liquidation. L. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised no charges of wrongdoing have been made. The closing of the bank is due to dissensions among the officials. The institution is said to be perfectly solvent and will pay in full.


Article from The Mathews Journal, September 27, 1906

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Article Text

Bank In Missouri Fails. Washington (Special). - The Bates National Bank of Butler, Mo., was closed by the action of the board of directors for the purpose of going into liquidation. T. W. Butler has been appointed receiver. So-far as the Comptroller of the Currency is advised. no charges of wrong-doing have been made.


Article from The Butler Weekly Times, September 27, 1906

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Virginia Notes. Mrs. C. W. Wolfe and daughter, Mrs. Andrew Simpson, visited her son, J. I. Wolfe, at Burlington, Kan., several days last week. They attended the Fair at that place, and report that they had a grand good time. Julius Heckadon was at Aaron's Saturday afternoon. He is gaining slowly. He can walk alone and eat four meals a day, and is gaining in weight. J. J. Wolfe has built a concrete water tank. When the word reached Park Town that the Bates National Bank had closed its door, it caused some excitement, but business was only suspended for a short time, and the great whirlpool of business is going on now, as if nothing had happened. Nothing but on earthquake will disturb Park Town. Walter Woody has done some good road work from Jones' to Huffman's. Walter is surely a good road boss. We believe it would be a good thing to have all the road bosses young men that travel the roads Sunday and Sunday nights with their fine teams and nice buggies as they know how to fix them, so the Sunday evening buggy ride will be an enjoyable affair. Vest Bell, of Foster, visited John Sparks Sunday. Geo. Adams will leave the first of the week for Oklahoma, where he will make his future home Jundy, Draper and Adams returned home last week from Kansas, where they have been looking at the country. John Sparks went to Rich Hill Monday with a load of pears. S. E. Jones has bought up a nice bunch of calves. Judge Wolfe's court is like the bank at Butler-the door is closed. Mrs. Robt. McCann is on the sick list. Aaron, Jr., received word from Aaron, Sr., and wife that they had reached their destination in Illinois safely and that they were well. Mrs. Joe T. Whinery, who has been on the sick list, was able to be at Virginia Monday trading. Clyde Denning and Miss Ethel Barr were united in marriage Wednesday, Sept. 19th, at the bride's home, Park, Kan., and they arrived at the home of the groom's father, Peter Denning, Friday, Sept. 21, where they will reside this winter. Miss Barr formerly lived near the Enterprise school house. Aaron wishes them a long happy and prosperous life. Geo. Ruble's brother, of Ames, Iowa, is visiting him a few days. He is going from here to Rockville to visit his brothers, John and Dave. It has been a number of years since they have met. Some say wheat sowed on Sunday


Article from The Midland Journal, September 28, 1906

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Article Text

Bank In Missouri Fails. Washington (Special).--The - Bates National Bank of Butler, Mo., was closed by the action of the board of directors for the purpose of going into liquidation. T. W. Butler has been appointed receiver. So far as the Comptroller of the Currency is advised, no charges of wrong-doing have been made.


Article from Santa Fe New Mexican, April 27, 1907

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AGED MISSOURI BANKER INDICTED President of Bates National Bank of Butler Charged With Misappropriating $150,000-Is Insane. Kansas City, Mo., April 27.-The federal grand jury today returned an indictment against Captain Flavius J. Tygard, charging him with a misapplication of the funds of the Bates National Bank of Butler, Missouri, which suspended business on September last and of which he was president. He was also president of the Masonic Home of Missouri, Knights Templar of Missouri, Walnut Land and Coal Company, a corporation with large holdings, Bates County Investment Company, and was trustee of several estates. The indictment contains eleven counts, $150,000 being involved Following the suspension of the bank, Tygard was declared insane and was confined in a private sanitarium. He is seventy. four years old.


Article from The Roswell Daily Record, April 27, 1907

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FEDERAL GRAND JURY RETURNS INDICTMENT. Kansas City, Mo., April. 27.- The Federal Grand Jury here today returned indictment against Captain Flavius J. Tygard, charging him with mis-application of funds of the Bates National Bank of Butler, Mo.,. which suspend ed business last September and of which institution Tygard was the president, he also being president of the Masonic Home of Missouri, Knights Templar of Missouri, Walnut Land & Coal Company, corporations with large holdings, the Bates County Investment Company and several estates of which he was trustee. Indict ment contains eleven counts, $15,000 being involved. Following the suspen sion of the Bank, Tygard was declared insane and was confined in private sanitarium. He is 74 years of age.


Article from Deseret Evening News, April 27, 1907

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Article Text

CAPT. TYGARD INDICTED. Charge With Misapplication of Funds Of Bates National Bank. Kansas City, April 27.-The federal grand jury here today returned an Indictment against Capt. Flavius J. Tygard charging him with misapplication of the funds of the Bates National bank of Butler, Mo., which suspended in September last and of which he was president, the Masonic Home of Missouri, Knight's Templar of Missouri, Walnut Land and Coal company, a corporation with large holdings, the Bates County Investment comphay and several estates of which he was trustee. The idictment contains eleven counts, $15,000 being involved. Following the suspension of the bank, Capt. Tygard was declared insane and was confined in a private sanitarium. He is 74 years of age.


Article from The Topeka State Journal, April 27, 1907

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INDICTS MAN OF 74 Federal Grand Jury Charges Misappropriation of Funds. Kansas City, Mo., April 27.-The federal grand jury today returned an indictment against Captain Flavius T. Tygard, charging him with misapplication of the funds of the Bates National bank of Butler, Mo., which suspended in September last and of which he was president, the Masonic home of Missouri, Knights Templar of Missouri. Walnut Land and Coal company, a corporation with large holdings; the Bates County Investment company, and several estates of which he was trustee. The indictment contains eleven counts, $15,000 being involved. Following the supension of the bank Captain Tygard was declared insane and was confined in a private sanitarium. He is 74 years old.


Article from The Montgomery Advertiser, April 28, 1907

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TYGARD INDICTED. Bank President Accused of Misappropriating Institution's Funds. Kansas City, April 27.-The Federal grand jury here today returned an indictment against Capt. Flavius J. Tygard, charging him with misapplication of the funds of the Bates National Bank of Butler, Mo., which suspended in September last, and of which he was President. The Masonic Home of Missouri, Knights Templar of Missouri, Walnut Land and Coal Company, a corporation with large holdings, the Bates County Investment Company and several estates of which he was trustee, are involved.


Article from Omaha Daily Bee, April 28, 1907

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charging him with misapplication of the funds of the Bates National bank of Butler, Mo., which suspended in September last. and of which he was president; the Masonic home of Missouri, Knights Templar of Missouri, Walnut Land and Coal company, a corporation with large holdings; the Bates County Investment company and several estates of which he was trustee. The indictment contains eleven counts, $15,000 being involved. Following the suspension of the bank Captain Tygard was declared insane and was confined in a private santarium. He is 74 years old. Suits are now pending in St. Louis on behalf of the Masonic home of Missouri and the Knights Templar to recover the funds due these societies and to declare Captain Tygard a bankrupt.


Article from Los Angeles Herald, April 28, 1907

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INDICTMENT RETURNED AGAINST CAPT. TYGARD By Associated Press. KANSAS CITY, April 27.-The federal grand jury here today returned an indictment against Capt. Flavius J. Tygard, charging him with misappropriation of the funds of the Bates National bank of Butler, Mo., which suspended in September last and of which he was president, the Masonic home in Missouri, Knights Templars of Missouri, the Bates County Investment company and several estates of which he was trustee. The indictment contains eleven counts, $15,000 being involved. Following the suspension of the bank Capt. Tygard was declared insane and was confined in a sanitarium. He is 74 years old.


Article from The Daily Ardmoreite, April 28, 1907

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TYGARD INDICTED. Indictment Containing Eleven Counts Against Him Charging Misappiication of Funds to Extent of $15,000. By Associated Press. Kansas City, Mo., April 27.-The grand jury here today returned an indictment against Captain Flavius T. Tygard, charging misapplication of funds of the Bates National Bank, Butler, Mo., which suspended Sept. 1, last, and of which he was president, of the Masonic Home of Missouri Knights Templar Mo., of the Walnut Land and Coal Company, a corporation with large holdings of the Bates County Investment Co., and of several estates of which he was trustee. The indictment contains eleven counts and $15,000 are involved. Following the suspension of the bank, Tygard was declared insane and was confined in a sanitarium. He is seventy-four years old.


Article from The Salt Lake Herald, April 28, 1907

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CAPTAIN TYGARD INDICTED. Aged President of Missouri Bank Must Stand Trial. Kansas City, Mo., April 27.-The federal grand jury here today) returned an indictment against Captain Flavius J. Tygard, charging him with misapplication of the funds of the Bates National bank of Butler, Mo., which suspended in September last, and of which he was president, the Masonic home of Missouri, Knights Templars of Missouri, Walnut Land & Coal company, a corporation with large holdings, the Bates County Investment company and several estates of which he was trustee. The indictment contains eleven counts, $15,000 being involved. Following the ruspension of the bank, Captain Tygard was declared insane and was confined in a private sanitarium. He is 74 years of age.


Article from Bisbee Daily Review, May 2, 1907

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BANK PRESIDENT INDICTED. Eleven Counts Found Against F. J. Tygard By Grand Jury. KANSAS CITY, Mo., April 30.-The federal grand jury here today returned an indictment against Captain Flavius J. Tygard, charging him with misapplication of funds of the Bates National Bank of Butler, Mo., which suspended in September last, and ot which he was president and of the Masonic Home of Missouri, Walnut Land and Coal Company, the Bates County Investment Company and of several estates of which he was trustee. The indictments contain eleven counts, $15,000 being involved. Following the suspension of the bank Captain Tygard was declared insane.


Article from Perrysburg Journal, November 15, 1907

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Okla., securing all the money and valuable papers in the vault. Dr. Julian F. Thomas, of New York, the Pommern, won the James purchased balloon which the German Gordon Bennett race at St. Louis. Palma in a at President statement the advanHavana called attention to a American rule and took for control of stand tage of permanent Cuba by the United States. men chloroformed Yegg the & station Valley agent of the Fort Wayne road at Upper Sandusky, O., and got away with $100 and 500 raMroad tickets. The president announced the following appointments for the new of Oklahoma: Western district H. Cotteral, judge; bry, and John -John state attorney, Abernathy, John Emmarshal. Eastern district-Ralph E. Campbell, judge; William Gregg, attorney, and Grive A. Porter, marshal. the Silas H. Reid was named judge of district court of Alaska. Vanderbilt has offered the Men's Newport Alfred G. Young Christian be erected association a new building to as a memorial to his father, the late of Cornelius Vanderbilt, at a cost $100,000. The losses by fire in the United States and Canada during the month Jourof October, as compiled by the nal of Commerce, aggregate $13,350,250. Henry E. Warner, of Boston, was ap. pointed receiver of the Arnold Print of works of North Adams, Mass., one the largest textile concerns in the country, by the United States circuit court at Boston. A fire in the Sioux City (Ia.) Journal building caused a loss estimated at between $55,000 and $70,000, with $53, 000 insurance. The editorial rooms and business office were saved. F. J. Tygard, president of the Bates it National bank of Butler, Mo., when failed September 20, 1906, was sentenced to five years in the penitentiary federal by Judge McPherson in the court at Kansas City. Albert Nerzlinger, on trial in St. Louis for blinding Mrs. Lena Wunsch by throwing sulphuric acid in her face, was found guilty by a jury and sentenced to 20 years in the penitentiary, the maximum sentence. An estate of approximately $4,000,000 was disposed of in the will of the late J. S. Polk, capitalist and steel railway promoter of Des Moines, Ia. The large property was equally divid- chiled among the widow and four dren. The threatened general railway strike in Great Britain was averted by an agreement between the railways and the union. The Royal society of Great Britain awarded the Copley medal to Prof. Albert A. Michelson, of the University of Chicago, for optical investigation, W. and the Davy medal to Prof. E. Morley, of West Hartford, Conn. Guy Condit, cashier of the First Na- attional bank of Kingfisher, Okla., tempted to kill himself by slashing his throat. He will recover. Anxiety over financial matters preyed upon his mind. Three arrests have been made at Madrid in the case in which it is charged $53,000 was obtained from the of Bank of Spain through the forging a check. Two of the men are officials of the bank. Attorney General Davidson of Texbehalf of the state of Texas against the filed as on suit alleged Standard subsid- Oil iary concerns of the for company in Texas for penalties forfeitures of charter. The New York banks began preparations to ship all available currency to the northwest to aid the movement of crops. Secretary Cortelyou directed funds that $3,000,000 of government be deposited in St. Paul and Minneapolis banks. The buoyancy of the stock market the ultimate decision of large bankers to reflected New York support Company the two of institutions-the Trust America and the Lincoln Trust com- to pany-which have been subjected United the most severe runs. The States Steel corporation secured a Coal controlling interest in the Tennessee be& Iron company and this, it was the lieved, would aid in relieving banks money stringency. Three small bankers in Kansas closed, and Denver decided to issue scrip. Gen. Horace Porter and Joseph H. Choate, two of the American ambassadors to the recent peace conference Both at The Hague, returned home. entireexpressed themselves as being the conly satisfied with the results of ference. The grand 'jury at Waverly, the Ia., which indicted 14 members of County Medical association, alleging violation of the anti-trust law, report-


Article from The Washington Herald, August 18, 1911

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No. 30402. Benjamin F. Pope vs. Julia Pope et al.; divorce. Attorney, A. W. Gray. No. 30403. Edgar I. Booram vs. Leo Simmons, trustee, et al.; quiet title. Attorney, John Ridout. No. 30404. In re George C. Rankin, receiver, vs The Bates National Bank of Butler, Mo.; compound debts. Attorney, F. W. Weitzel.


Article from Morgan County Republican, March 21, 1912

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The suit of E. C. Vandergrift, receiver of the defunct Bates National bank of Butler against the Masonic home of Missouri, was decided in favor of the home by the supreme court. Receiver Vandergrift sued for $17,522 alleging that F. J. Tygard, president of the bank, and for many years treasurer of the home had used that amount of money belonging to the bank, to square his accounts with the home.