Bank of the State of Missouri (St Louis, MO)

Episode Information

Episode UID
6524394490930
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
652439449 hash
Start Date
June 23, 1877
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6809bab5258e729b

Response Measures

None

Description

Failure due to fraudulent management/excessive insider loans; receiver appointed in June 1877 and affairs finally closed 1887.

Events (5)

1. June 23, 1877 Receivership
Newspaper Excerpt
placed in the hands [of a] receiver of the United States Treasury.
Source
newspapers
2. June 23, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Treasury examination found much 'dead paper', ~40% of capital gone; fraudulent management and excessive loans to officers/directors.
Newspaper Excerpt
Old Bank Suspended. June 23, 1877 ... the Bank of the State of Missouri at St. Louis placed in the hands [of a] receiver of the United States Treasury.
Source
newspapers
3. October 4, 1878 Other
Newspaper Excerpt
Decision Wiping Out the Assets of the Failed Bank of Missouri. ... Judge Dillon instructing the jury to find for the plaintiff in the sum of $445,582. ... the balance of $400,000 due when the State bank suspended.
Source
newspapers
4. January 4, 1879 Other
Newspaper Excerpt
Suit ... entered ... to recover the balance of the city's funds deposited in that bank. The sum in the bank at the time of its suspension was about $270,000 ... reduced to about $175,000.
Source
newspapers
5. June 16, 1887 Receivership
Newspaper Excerpt
The affairs of the bank were finally closed on June 16, 1887, creditors being paid 100% with interest thru Edgar T. Welles, who succeeded Johnston as receiver in 1885.
Source
newspapers

Newspaper Articles (10)

Article from Daily Globe, October 5, 1878

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Article Text

# Decision Wiping Out the Assets of the Failed Bank of Missouri. ST. LOUIS, Oct. 4. -The suit of the Bank of Commerce, of New York, against the Bank of the State of Missouri, to recover $400,000, which has been before the United States circuit court several days, was decided this afternoon by Judge Dillon instructing the jury to find for the plaintiff in the sum of $445,582. The defense set up fraud in the transaction; also, that the original loan was made in violation of the national bank law which the court decided was not established, and instructed the jury as above. The original loan of the Bank of Commerce was $1,000,000, $600,000 of which was returned, leaving a balance of $400,000 due when the State bank suspended. The sum, it is said, will nearly cover the assets of the State bank and leave depositors out in the cold.


Article from Union County Courier, October 16, 1878

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Article Text

ELK POINT, UNION COUNTY, D. T., WEDNESDAY, OCTOBER 16, 1878. THE grand jury at New York has made a THEODORE THOMAS and family mediately, to enable me to YELLOW JOHN. house which have for these Cincinnati, O., on the and presentment declaring the elevated railway nuisance, and an invasion of rivate years inhabited, in the same pl make that city their permanent home. rights. condition in which I found it, Continuation of the Report of the THE United States steamship Plymouth THE WEST. rats, for which will gladly Dread Disease. sailed from Portland on the 4th inst., for sum of five pounds sterling; Santa Cruz, having been ordered to protect A COMPANY was formed at Yuma, Cal., cannot leave the farm attached American citizens there. on the 8th inst., to construct the Southern MEMPHIS. in the same order in which I THE great boat race, between the Cana Pacific railroad. Work will be commenced out least five millions of dock MEMPHIS, October threatened dian, Hanlan, and Courtney, the American immediately. hereby promise the same sum early this morning, but cleared oarsman, took place at Lachine, Canada, on THE Indians set fire to the prairie and number of dockens. N. off bright and warm. Dr. Mitchell, the 3d inst. Hanlan won, coming in burned over large tract of country in the must be full grown and no crip medical director of the Howards to-day length and quarter ahead. Time of race, vicinity of Hat Creek, W. received the following telegram from 36 min., 22 sec. There is a strong belief Gov. HOWARD, of Dakota, has offered Germantown, Tenn. 'Send a doctor to Mother's Vacant Chair prevalent that Courtney bartered the race, $1,000 reward for the arrest of the parties us once. Dr. Thompson is prostrated. and much indignation is felt by his friends. little farther in your who robbed the Cheyenne coach recently Ten cases have developed in the past 10,000 people witnessed the exhibition. says DeWitt Talmage, and SEVENTEEN settlers are known to have twenty-four hours, and no physician to NEARLY complete returns from twenty. mother's chair. It is very ap help u been killed by the Indians in the vicinity one counties in Colorado give the Republirocking chair. She of Sappa, Kansas, Reports received miliFrom noon yesterday until noon to can state and congressional ticket 2,100 and troubles to soothe that it day the undertakers report 89 intertary headquarters, say that both Spotted majority over the democrats. The remainrockers. I remember it Tail and Red Cloud (Sioux) haveleft their ments; 27 of these were reported this ing counties will probably increase the old chair, and the rockers morning. Among those who have died reservations in Dakota and are making worn out; for I was the your majority to 2,500. Judge Belford, (Republisince last night are John A. Holt, west, directly toward the Black Hills. The the chair had rocked the whold can) for congress, has carried every county cashier of the Bank of Commerce; S. supposition is that they are about join the except two of those thus far reported. It made a creaking noise member active M. of the an Jobe, fugitive Cheyennes in descent upon the but there music in the CYRILLE DION the celebrated billiard Howard Association: Mrs. J. M. Tomeny Hills. Much solicitude is felt for the safety was just high enough allow player, died of congestion of the lungs, on Wm. Kraus, druggist in charge of cities there, which are protected by only to put our heads in her the inst., en route for the Courtney-Ha Fahlen & Kleinschmidt's drug house; four compantes of soldiers at Newport. The the bank where we deposited lon race, at Lachine, Canada Mrs. Lucy E. Adams: Mrs. Shaw seventh cavalry are under orders to march. hurts and worries. Oh, what Mrs. C. W. Howard Jno. E. Miller. IN foar-oared shell race St. Louis, on that was! It was entirely differ nurse from Texas; Mrs. A. W. Nelson THE MARKETS. the 5th inst., between the Modocs, of St. the father's chair entirely A. Strattman Thos. Kafford, and Mrs. Louis, the Westerns and Mississippi crews, May you ask me how? I can T. J. Washington M. W. Luff, book New York. the first named won. but we all felt it was different Cotkeeper of the Daily Avalanche, and John NEW YORK, October THE suit of the Bank of Commerce, of there was about this chair more at 10% c for middling uplands. W. Waynesburg, secretary of the Ma. New York, against the Bank of the State of ness, more tenderness, more gri 14,000 receipts buyers sonic relief board, were taken down Missouri, to recover $400,000 which has 13,000 bbls we had done wrong. When Wheat this morning. winter and quiet been before the United States Circuit Court wayward father scolded, but unchanged -Spring Four of the family of Esquire J. M. 290,000 sales bus; shade receipts firmer; Louis, was decided on the cried. It was very wakeful cl Colman are sick with the fever at 2 October seller 951/c none; the sick days of children, othe Judge Dillon, instructing the jury to find Raleigh, Tenn. asked. bid; could not keep awake; that chai for the plaintiff in the sum of $445,582. at 55@58c. quoted MEMPHIS, October 4 The weather is kept awake kept awake easily original loan of the Bank of bus: 150,000 sales 256,000 receipts turning warm again and there is no dechair knew all the old lullabies mixed. bus; Barley 47@48c million dollars, $600,000 of which crease in the number of new cases Oats 151,000 receipts those worldless songs which -Quiet. returned, leaving R balance of $400,000 mixed for 36,000 reported. From noon yesterday until sing to their sick childrendue when the State Bank suspended. This Pork noon -day 35 deaths occurred 21 of which all pity and compassion sum, it said, will nearly cover the assets at About steady these were reported this morning. pathetic influence are combined of the State Bank, and leave depositors Petroleum-Unchanged. Among those who have died since last old chair has stopped rocking the cold. evening are Sister Francis, matron in many years. It may be Chicago. EXTENSIVE prairie fires in Dakota have charge of the Home Orphan Asylum loft or the garret, but it holds CHICAGO, October Wheat burned thousands of tons of hay along the Robert Kendall; Mrs. J H. Kerr power yet. When midnight Steady prices higher 831/4 asked T. T. Pritchett Willie son and Red river valley and left the country desointo that shop to get the into for for seller November; 84% seller late. Geo. M. Woods J. R. Henricle. asked for cember. draught did you not hear for COURIER arriving at Ogalalla, Neb., Mrs. Kerr and family were refugees Novem34 3/c seller October said, My son, why go in there Oats 3d, reported that the Indians were comber; 34 1/4e for seller December. from the city, but returned last Sunday when you went into the house Shade higher; 18% for seller October mitting horrible depredations along the ReAs warning to others the following voice saying, What would your seller November 201/c publication made It having come publican river. They had killed every do she knew you were here? December. for white man on their route and carried off all to our knowledge that some parties who were provoked at yourself, November. seller $1.05 Barley stock the had fled the city at the outbreak of the seller November. Pork charged yourself with superstit epidemic have returned. contracted the November seller asked BAND of runaway Indians crossed the fanaticism, and you went to bed seller for for January asked $7.82 1/1 fever and died, it is the duty, by resolusooner had you touched the bed Kansas Pacific track on the 1st instant, 60 December. tion, of the Howard Association to warn voice said, What prayerle miles east of Hayes City, and when eight $6.25 for November; seller all that owing to the fact that Man! what is the matter? ten miles north of station, upon December. Hogs we have all we can do to nurse and care of cattle-men when are too near your mother's -Receipts 11,000 head moderately for those who are here, if they come chair! 'O pehaw you light higher; shade fight ensued, resulting in the loss of eightfirmer; back to the city before the epidemic has five and killed wounded, nothing in that! I'm 5,000 mixed paeking citizens been officially declared over, they will $3.50@3.75. shipping from where I I'm 3. dated Leavenworth from the dispatch do their own risk, and with almost 3,000 head. off from the Scotch kirk whose instant, says the troops had a fight with the a certainty of having to provide for the first music 1 ever heard. Indians, but does not name the place, Lieut. Milwaukee. Our of case in sickness. themselves help that. You are too near yo Broderick, of the infantry -3:00 October present obligations are many and er's rocking chair. 0, you wounded, and Corporal Steward and choice good ring as weighty as we can carry, and can't be nything in that. five soldiers were killed. The bodies of choice cannot, without breaking down, assume otent, that mother's vacant Wheatmedium to thirteen settlers he killed by the savit any more. Refugees must not return. speaks; whispers; hard $1.04; Stronger ages, were brought to Buffalo station. The fate of those who have should be mourns; it carols: November October and at CRIMES AND CASUALTIES. warning Signed by A. D. Langyears it thunders. rejected and broke staff. president of the Howard Associoff went A SERIOUS accident occurred near Boston tion. heart, and while he was on the evening of the 8th instant, on the old Howard Association physicians have home his mother died, and the for 43@431/c Nominal Colony railroad, to a crowded excursion been sent to Lagrange, Tenn., and Oak brought the son, and he came sales train, which was returning from Silver Lake land, Miss. The volunteer medical 40c room where she lay and looked rowing match between Regan of Boston, aud corps of Howard physicians organized face, and cried out, Oh, moth common at 5@85c. Eggs Davis, of Portland. A train of twenty cars last night under the name of Howard -15@16c. er, what your life could not were thrown off the track by collision with Medical Society, of Memphis,' and death shall effect. This mome Foreign freight which obstructed the main elected the following officers: my heart to God. And he October LONDON, track. The killed number about twenty Dowell, Galveston promise. Another victory for pool market opens quiet; five, with a large lot ot wounded; among the Texas. cant chair. With reference cline of 1d. Floating cargoes slow. On First Vice President- M. J. Keating. killed is Patrick Regan, one of the oarsmen. mother, the words of my text passage very inactive. Second Vice Youge, filled: Thou shalt be missed Between three and four hundred persons Savannah. were on the train. New York Hop Market. Recording Secretary-A G. Wendell, thy seat shall be empty. THE Sacramento, Cal., county hospita Emmet Wells' circular of October 4th Minneapolis, Minn. burned on the night of the 5th inst. Loss A Strange Burial. Corresponding Secretary- Miles Willett, says: With more liberal receipts and $100,000. The inmates saved without Memphis. better to choose from, xporters The obituary of the Gentleman have been able to pick up some 400 bales accident to any. Insurance $60,000. zine for 1733 contains an The object of the organization will be these choice have they paid hope, FIENDS entered the residence of for the discussion of the introduction of funeral of Mr. John Under price. market higuest Norwegian farmer, named Oslock Lee, at also yellow fever in Memphis, the cause of more demand bought Whittleses, in Cambridgeshire making Springdale, Wis., on the 4th inst. and after the take all the burial service whole, nearly the malignity, how and by what means the robbing it of money and valuables, beat the stock no Business, floating turned over the coffin, in has spread through the country, quarandoubt, could be largely with more old man horribly and shot him twice. He tines, local and maritime, disinfectants, placed a small piece of without and arrivals, liberal forcing lies precarious condition. with this inscription treatment. effects of diet, instructions to here orders from abroad steeple chase at Montreal, Canada, nurses and recommendations to boards of moriar. 1733." The six gentle hops. Receipts for the week, en the 5th inst., Dr. Murcott, of Ottawa, was health. followed him to the grave bales; export clearances for week, thrown from his horse and killed, Mr. Pen NEW ORLEANS. Quotations stanza of the second book of Yorks, bales. crop, choice fancy, 13@15c New Yorks, good No bell was tolled: none but neston had an arm broken and Mr. McLaughNEW ORLEANS, October Deaths, New Yorks, low fair, lin wrist fractured gentlemen invited to the funera 41; cases reported, 115; total deaths, @10c; eastern, 10@12c 10@12c Xaviers church, New York, on the 6th relation) followed the corpse. 3,212; total cases, 10,600. yearlings, 5@8c; old, all growths, 2@4c. was painted green, and the dec inst., a man named Carpenter plunged a NEW ORLEANS, October -Deaths with his all in clothes on. The English Grain Trade. large knife into the body of Mary Logan. 52: cases reported, 85; total deaths, his head was placed Sanadon's Carpenter intended to murder his divorced LIVERPOOL, October 7.-A leading grain 3,112; cases, 10,303. The weather at feet, Bentley's Milton circular says The British grain markets wife, but mistook Miss Logan for her, and clear and warm. York A. Woodward, quiet, but there has been no further hand was placed small inflicted the serious wound stated. commander of the Grand Army of the cline. Transactions wheat are restricted. ment; in his left hand THE Passaic, rolling mills were con. Cargoes off coast maintain quotaRepublic, is one of the signers of an tion of Horace, lettered sumed by fire on the 5th inst., causing loss tions. There some demand still for the appeal made by the Orleans Central J. and Bentley's Horace of $50,000. Three firemen were severely continent. One or two cargoes have been Relief Committee, for means to enable back. After the ceremony directed there In injured. Four hundred and fifty men them to continue issuing rations to the went back to his house, where and the neighboring since Tuesday thrown out of employment. destitute. there has been fair demand for had provided a cold supper. AT Chicago, on the night of the 4th inst., NEW ORLEANS, October 4.-Deaths, rates, but white tended downward. cloth was taken away the Officer Race, of the police force, man In the have sactions maize been 54; new cases, 203; total cases, 10,218; sang the thirty ode of the on State wagon, and having total deaths 3,060. ate. the tendency being in favor of buyers. of Horace, drank cheerful market thinly attended, and suspicions that something was wrong, A special dispatch from Crystal went home about the business done decline of 1d tenpted to investigate the matter, when the Springs reports the death of Gen. L. W. Mr. Underwood left nearly ยฃ6, new American. Old man drew pistol and shot him dead. Griffith, A., and his daughter at Flour currencies. sister, on condition of her obser previous supported was afterwards discovered that the man Cayuga, Hinds county, Miss., of the quiet and unaltered. in moderwill, ordering her to give one of gang who had just burglarized the prevailing epidemic. The fever is spread ate request at 3d decline. gentlemen 10 guineas. ing there. dry goods store of Jeffray. desired they would not come Wool. W. Dennett, telegraph operator at AN incendiary ot Pensacola, Fla., on the clothes. The will ended BOSTON, October Wool quiet; fair Vicksburg, and L. M. Pennington, teledone I would have them drink night of the 3d, burned the block extending business Ohio and Pennsylvania fleeces graph train dispatcher at Water Valley, from Carr Jolly's saloon to Kahn's cloth glass and think no more of Joh 35@37c; Michigan 32c Delaine and comb died this morning of yellow fever. The Year Round. ing store. Loss $50,000; insurance $25,000. ing fleeces at 39@44c; mainly at 30@40c. telegraphers aid committee at this city, THE Gregory House, Lake Mahepac, N. by request of Superintendent John as totally burned on the 3d inst.; loss A Broken Heart. Woman on the Phonogr VanHorne, of New York, will assist $100,000; insurance, $92,000. it man is said to be red or white A Nob Hill man retired all sick telegraphers outside of AT Foremam Station, Mich., on the 3d rage. In using these expressions, Memphis. This became necessary evening, weary with the heat inst. a boiler exploded, killing ly out from a protracted are physiologies speaking of the owing to the illness of the remaining James Foreman and wounding four other on nervous condition of the minute circuand vainly endeavored to member of the committee. Applications persona seriously. The building was totally d lation of the man's blood. Red god, sustained and soothed should be made to R. Chase, chair destroyed. means partial paralysis of minute blood terrupted flow of small man, or A. D. Babbitt, secretary. ReA LARGE gang of counterfeiters have rk vessels; and white rage means temwakeful spouse. Her ports at the board of health show that been arreated in the mountains of Ken 00 porary suspension of the action of the the fever is increasing in the not exactly in the line tucky prime mover of the circulation itself. ture, as she was not lower pertion of the third disA FIRE at Palestine, Texas, on the 2d But such disturbances cannot often be mood, but was rather trict, near the United States barracks inst., destroyed six business blocks and produced without the occurrence tion on the world's work. 88, slaughter house, and along the line of caused of about $60,000. permanent organic evils of the vital orquestion to her nodding lord St. Bernard parish. The fever has penhigh state fair at Indianapolis erence to Edison and his inven gans, especially of the heart and of the etrated every portion of the second dis wind carried balloon against a tree, pretrict from the river to the woods. In How about the phonograp brain. One striking example is given cipitating the Gilbertshe queried; you never addition to the yellow fever extreme by Dr. Richardson, in the case of mem the earth, distance of eighty feet. He it me. How does genber of his own profession. This od type of malarial fever prevails in Parish badly bruised and cut up. He roused himself and tleman told that an original irritabil St. Martin. A severe type of this fever F.S. MILLER, convicted of grave robbery "It's little machine ity of temper permitted, by want of prevails among children at Cleveland, was fined $100 and costs of band leaves on the table due control, to pass into a disposition of BATON ROUGE prosecution, and sentenced to four months almost persist nt or chronic anger, so town, and his return d BATON ROUGE, October -Deaths in the work house. crank, and informs him of that every trifle in his way was cause during the past 24 hours; 8 over that has been said on the of of unwarrantable irritation. Sometimes GENERAL cases daily for the last four days. The ing absence. his anger was so vehement that about val city is now a hospital. Almost every IN the Louisiana state lottery drawing him were alarmed for him even more me She meditated a moment, some sick. We now New Orleans on the 8th inst, 81290 drew out: than for themselves; and when the at nd in the midst of trouble. Those who fool men are always tack was ever there were hours of sorrow ad $30,000, No. 68724 drew $10,000, No. 71693 are well are worn out through drew $5,000 Nos. 16638 and 6999 drew $2,500 and regret in private which some peaky invention, and to want of rest and sleep. As yet each. hausting as the previous In the one of those things in this weather promises no relief The for leave.' midst of one of these outbreaks of short, PREPARATIONS are making for the assistance comes on every side. Judge of in the he suddenly felt. to use not to do


Article from The Rock Island Argus, January 4, 1879

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An Important Suit -Two Marderers Sentenced. Sr. LOUIS, Jan. 4.-Leverett Bell, city counsellor, entered suit in the circuit court, this morning against James H. Butten, President of the defunct bank of the State of Missouri, and bis bondsman. Bartop Bales. James B. Eads, John Jackson and Julius Swalsh, to recover the balance of the city's funds, deposited in that bank. The sum in the bank at the time of its suspension was about $270,000. But the dividends since paid have reduced the amount to about $175,000, for which sum judgement is asked. Edward Nugent, convicted in the criminal court some days ago of murder in the first degree, for killing his wife two years ago, was sentenced this morning to be hanged on the February 14th, the same day Henry J. Redmeyer is to be executed. The court, however, granted a supersedeas in both cases, and they will be taken to the supreme court.


Article from Daily Globe, January 6, 1879

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# Suit for Recovery of City Funds. ST. LOUIS, Jan. 4. -Leverett Bell, city counsellor, entered a suit in the circuit court this morning against James H. Butler, president of the defunct bank of the State of Missouri, and his bondsmen, Barton Bates, James B. Eads, John Jackson, and Julius S. Walsh, to recover the balance of city funds deposited in that bank. The sum in bank at the time of its suspension was about $270,000, but dividends since paid have reduced the sum to about $175,000, for which sum judgment is asked.


Article from Daily Globe, January 6, 1879

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# Suit for Recovery of City Funds. St. Louis, Jan. 4. - Leverett Bell, city counsellor, entered a suit in the circuit court this morning against James H. Butler, president of the defunct bank of the State of Missouri, and his bondsmen, Barton Bates, James B. Eads, John Jackson, and Julius S. Walsh, to recover the balance of city funds deposited in that bank. The sum in bank at the time of its suspension was about $270,000, but dividends since paid have reduced the sum to about $175,000, for which sum judgment is asked.


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Old Bank Suspended. June 1877 significant Missouri banking circles the day which National Bank the State of Missouri Louis placed in the hands receiver the comptroller United States Treasury. Although when finally failed this bank was fundamentally changed from its organization at its beginning its failure marked the end of of Amerigreat banks. its early days known the Bank the finance and has played great role in the of all Missouri the Mississippi Valley. The State remained in the banksyndicate of Louis headed by James Eads, and the bank was This firm continued to do busiuntil the bank placed the hands received 1877. bank, having authorized known to banking circles "plunger", and dealer in spec- Examined found that the bank much dead paper and about per cent the bank's capital gone. The bank not dered closed, but another and fullinvestigation was planned. Cable. his book, Bank of the State of Missouri", attributes the bad condition of the bank part to the apathy the stockholders. For three years before the Treasury investigation, meetings had been called but quorum never appeared, there was of officers. Dividends had been paid and the stockholders did not take trouble inquire into the status of the bank. ten-day examination of the bank committee showed the bank hopelessly insolvent. The board of directors met June 1877, and after an all day admitted insolvency and for There was little immediate fect in Louis following the closing the bank. The failure surprise to the people, but unexpected to bankers. Howwithin months, fourteen banks in Louis had closed and total of twenty-five banks in the whole state were closed during same period. By 1879, Walter Johnston, ceiver, reported that 70 cent dividends approved claims had been paid. The affairs the bank finally closed on June 1887. creditors being paid 100 per with interest, through Edgar who succeeded Johnston receiver 1885. and Mrs. Croy plan establish undertakparlor


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Week's Events In Missouri's History Compiled by the State Historical Society, Columbia, Missouri, Floyd C. Shoemaker, Secretary. Capture of Jefferson City. Preceding the first Civil war battle in Missouri by only two days, General Nathaniel Lyon, commander of the Department of the West for the Federal government, and his troops, entered Jefferson City and took charge of the State capitol without resistance on June 15, 1861, the anniversary of which date occurs this week. General Lyon's campaign into central Missouri, leading to Battle of Boonville on June 17, 1861, and resulting in the rout of troops under Governor Claiborne F. Jackson and General Sterling Price, was the answer to Jackson's proclamation calling for 50,000 State troops to repel the Federal soldiers within the boundaries of Missouri. On June 11, State and Federal representatives met in St. Louis in an effort to reach an agreement sought by the State, whereby Federal troops would be withdrawn from the State and both sides be disarmed. There had previously been passed by the State legislature a Military Bill, organizing the State for repelling invasion. This meeting, held June 11 at the Planter's Hotel at St. Louis, followed after Lyon had granted the Governor and Price safe conduct to and from St. Louis. The State government was represented by Governor Jackson, General Price, and the governor's secretary, Thomas L. Snead; and the Federal forces by General Lyons, Col. F. P. Blair, Jr., and MaFor four hours these men conferred. Jackson and Price declared they wanted no troops in the State, and that they would disband the State troops if the Federal troops were removed from Missouri.. Lyon, on the other hand, recognized the recently passed Military Bill as antagonistic to the United States, and would not consent to any agreement that would hamper the free movement of Federal troops. The meeting broke up and Jackson and Price left at m. over the Pacific Railroad for Jefferson City, later ordering the Gasconade and Osage river bridges burned after them. There followed Jackson's famous proclamation, calling for 50,000 men to repel the Federal troops from Missouri. This proclamation was regarded as declaration of war by the State executive against the United States. On June 13, General Lyon loaded troops estimated at between 2000 and 3000 men on steamers, and proceeded up the Missouri river to Jefferson City. Governor Jackson and his officers on the same day had abandoned Jefferson City, leaving there by the steamer White Cloud for Boonville, where mobilization of State troops was being effected. The Missouri Statesman (Columbia) of June 21, 1861, tells the story of the quiet capture of Jefferson City: "About 3 o'clock last Saturday evening (June 15, 1861) the Federal troops under the command of Gen. Lyon disembarked from boats at Jefferson City and took possession of the town. No resistance was offered. The number of troops engaged in the expedition was between two and three thousand, but those who entered the city were five companles of Col. Blair's regiment, one company of regulars, and one company of artillery. The regulars landed first and immediately took possession of the heights near the penitentiary, and part of Col. Blair's regiment marched to the Capitol, took possession of the building, and hoisted the national flag. The balance of the troops remained on the boats with the artillery. On the evening of the same day, Col. Boernstein's regiment also arrived." Col. Henry Boernstein, placed in command at Jefferson City, held the capitol while General Lyon and the main body of his force continued in pursuit of Jackson's followers. Leaving Jefferson City at 2 p. m., June 16, by boat, Lyon and his force proceeding up the river at Boonville the next day fought and won the first Civil war battle in Missouri. end of "one of America's great banks." In its early days, then known as the Bank of the State of Missouri, the official State bank, this bank had set standards of sound and conservative finance and had played great role in the development of all Missouri and the Mississippi valley. The State remained in the banking business through this banking house from 1837 until 1866, but in that year it sold its stock to a syndicate of St. Louis headed by James B. Eads, and the bank was nationalized. This firm continued to do business until the bank was placed in the hands of a receiver in 1877. The Comptroller's report on the bank states that the cause of its failure was fraudulent management ,excessive loans to officers and directors, and depreciation of securities. Although it was the undisputed leader of Missouri banking affairs in 1866, and larger than any Western bank, having an authorized captal of fice million dollars, of which $3,410,000 was paid up, the policy of the bank was changed by its new own- The National Bank of the State of Missouri, though considered by the public as still conservative, was known to banking circles as plunger,' and a dealer in speculative investments. Among the projects financed by the bank were included the North Missouri Railroads, the Eads Tunnel and Bridge, the Eads Jetties, the Merchant's Exchange, and numerous real estate transactions. The panic of 1873 was met by the National Bank of Missouri by reducing its capital, and cutting down its circulation by retiring United States Bonds. Failure was avoided by this drastic method, but the bank had received a blow from which it never recovered. In April, 1877, after publication of statement which showed a condition that was none too strong, the bank was investigated by the Treasury Department. The Treasury examiner found that the bank held much dead paper and about 40% of the bank's capital was gone. The bank was not ordered closed, but another and fuller investigation was planned. Cable, in his book, "The Bank of the State of Missouri," attributes the bad condition of the bank in part to the apathy of the stockholders. For three years before the Treasury investigation, meetings had been called, but as a quorum never appeared, there was no election of officers. dividends had been paid regularly, and the stockholders did not take trouble to inquire into the status of the bank. A ten-day examination of the bank by a committee showed the bank was hopelessly insolvent. The board of directors met June 19, 1877, and after an all day session, admitted insolvency and asked for a receivership. There was little immediate effect in St. Louis following the closing of the bank, The failure was a surprise the people, but not unexpected to bankers. However, within 16 months, fourteen banks in St. Louis had closed and a total of twenty-five banks in the whole state were closed during the same period. By 1879, Walter S. Johnson, receiver, reported that 70% dividends on approved claims had been paid. The affairs of the bank were finally closed on June 16, 1887, creditors being paid 100% with interest thru Edgar T. Welles, who succeeded Johnston as receiver in 1885.


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Notice Of Grant Of Letters Estate of Wm. A. Price, deceased. Notice is hereby given, that letters Administration on the Estate of Wm. A Price, deceased, were granted to the undersigned, on the 1st day of June 1931, by the Probate Court of Dade County, Missouri. All persons having claims said Estate are requirednel Court within six months after theions. from benefit be precluded any such estate: and if such claims be not exhibited and presented as aforesaid within one year from date of this publication, they shall be forever barred. ROY PRICE, Administrator. I hereby certify that the above and foregoing is true and correct, as shown by the records in my office. Witness my hand and seal. Horace Howard Probate Judge. (Seal) This 1st day of June 1931. 1st insertion June 4.th, 1931. which $3,410,000 was paid up, the policy of the bank was changed by its new owners. The National Bank of the State of Missouri, though considered by the public as still conservative was known to banking circles as a "plunger," and a lealer in speculative investments Among the projects financed by the bank were included the North Missouri Railroad, the Eads Tunand Bridge, the Eads jetties, of the National Bank of Missouri by reducing its capital, and cutting down its circulation by retiring United States Bonds. Failure was avoided by this drastic method, but the bank had received a blow from which it never recovered. In April, 1877, after publication of a statement which showed a condition that was none too strong, the bank was investigated by the Treasury Department. The Treasury examiner found that the bank held much dead paper and about 40 per cent of the bank's capital was gone. The bank was not ordered closed, but another and fuller investigation was planued. Cable, in his book "The Bank of the State of Missouri, attributes the bad condition of the bank in part to the apathy of the stock holders For threeyears before the Tresury investigation meetings had been called but as a quarm never appeared, there was no election of officers. Dividends had been paid regularly, and the stockholders did not take trouble to inquire into the status of the bank. A ten-day examination of the bank by a committee showed the bank was hopelessly finsolvent. The board of directors met June 19. 1877. and after an all day ses. sion admited Insolvency and askThere was little immediate effeet in St. Louis following the closing of the bank. The failure was a surprise to the people, but not unexpected to the bankers. However, within 16 months four teen banks in St. Louis had closed and a total of twenty-five banks in the whole state were closed during the same period By 1879: Walter S. Johnston, receiver creported that 70% div. idends on aproved claims had been paid. The affairs of the bank were finally closed on June 16. 1887. creditors being paid 100% with interest through Fd. gar T. Welles, who succeeded Johnston as receiver in 1885


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Bringing In More Residents HOME TOWN THOUGHTS Our people all have an interest in seeing more residents come in to make their homes in our community. If within few years our population should increase 25 per cent, there would be 25 per cent more jobs, and the profits of business, the amounts paid in wages, the sums available for public enterprises, would be increased in proportion. The possibility of securing new residents, then, is something that is worth while for every one to bear in mind. Let us all talk up our home town when people ask about it. If we do business with them, let us serve them so enthusiastically that they will like the trade spirit of the place. If we meet them socially, let us be so cordial that they say Campbell is good, friendly place to live in. St. Mills. wheat flouring mills, will resume operations. Branson- Election held here to vote on $20,000 boid issue for construetoin of new high school building. Excelsior Springs- Swallow, new sandwich shop, opened for business in Beyer Theatre building. bank's capital was gone. The bank was not ordered closed, but another and fuller investigation was planned. Cable, in his book, "The Bank of the State of Missouri," attributes the bad condition of the bank in part to the apathy of the sockholders. For three years before the Treasury investigation, meetings had been called, but as quorum never appeared, there was no election of officers. Dividends had been paid regularly, and the stockholders did not take trouble to inquire into the status of the bank A ten-day examination of the bank by a committee showed the bank was hopelessly insolvent. The board of directors met June 19, 1877. and after an all day session, admitted insolvency and asked for a receivership. There was little immediate effect in St. Louis following the closing of the bank. The failure was surprise to the people, but not unexpected to bankers. However, within 16 months, fourteen banks in St. Louis had closed and total of twenty-five banks in the whole state were closed in the same period. By 1879, Walter S. Johnston, receiver, reported that 70 per cent dividends on approved claims had been paid. The affairs of the bank were finally closed on June 16, 1887, creditors being paid 100 per cent with interest through Edgar T. Welles, who succeeded Johnston as receiver in Question is asked, as to how more trade can be drown into Campbell. The thing that draws trade, is the pulling power of enterprise, initiative and service. One defect of vision is far-sighted ness. Good many people seem to be able to see a store bargain in some distant city, when they can't see an equally good or better one in their home town. You can't get people out to an entertainment, unless it is in some way publicly announced. And similarly, you can't get people out to see your bargains in store, unless you announce them through advertising.


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Week Compiled FLOYD Secretary State Historical Society of Missouri Columbia, OLD BANK SUSPENDED June 23, 1877 significant Missouri banking circles the which the Bank of the State of Missouri at St. Louis in the hands of receiver of the United States Treasury. when finally failed Although this bank fundamentally changed from its at its beginnin 1877, its failure marked the of of America's great In its early days, then known the bank of the state of Missourt, the official State bank, this bank standards of and conservative finance and had played great in the development of all Missand the Mississippi valley. The State remained the banking business through this banking house 1837 until 1866, but that from sold its stock to syndicate Louis headed by James Eads, and the bank nationalized. This continued to busiuntil the bank was placed the hands of receiver 1877. The Comptroller's report on the states cause of its failure was fraudulent management, excessive loans officers and directors, and depreciation of securities Although the undisputed leader Missouri affairs in 1866, and larger than any western bank, having an authorized capital of which was paid the policy of the bank was up, changed by new owners. The National Bank of the State Missouri, though considered by the public still was known banking circles and dealer speculative vestments. Among the projects anced by the bank were the North Missouri Railroad, Eods Tunnel Bridge, the Eods Jetties, the Exchange, numerreal estate transactions. The of 1873 met by the panic was National Bank of Missouri by reducing its capital and cutting down its circulation by retiring United States Bonds. Failure was avoided by this drastic method, but the bank had received blow from which never recovered. In April, 1877, after publication of which showed condition that was none too strong, the bank the Treasury partment. The Treasury examiner found that the bank held much dead paper and about 40 per cent of the bank's capital gone. The bank was not ordered closed, but another fuller investigation was planed. Cable, in his book, Bank of State of attributes the bad of the bank in part the apathy of the For three years before the Treasury investigation, meeting had been called, but aquor never appeared, there no election of officers. Dividends been paid regularly, and the stockholders did not take trouble to inquire into the status of the bank. ten day examination of the bank showed the bank was hopelessly insolvent. The board of directors June 19, after an all day session, admitted insolvency and asked for receivership. By 1879, Walter Johnston, ceiver, reported that 70 cent per viden approved claims had been The affairs the were finally closed on 16, 1887, ditors being paid 100 cent with per interest through Edgar Welles, who succeeded Johnston as receiver in 1885. INFANTILE PARALYSIS Jefferson City, August, and September are the of the year parents should constantly on the watch against the dread disease and when every precaution should taken to tect children from other people who may coming may be "carriers. The State Board of Health or the Missouri Society for crippeld children will with facts conthe disease, its treatment, and recovery. However, few facts that every parent should know. slight illness in your child should be watched with suspicespecially during an epidemic, and the family doctor should be callonce. positive diagnosis can obtained paralysis occurs, valescent of other serums can be ministered with excellent chance recovery without paralysis. Some those serums can obtained through the cooperation children's specialorthopedic surgeons, hospitals, laboratories in Kansas City and St. Louis. has already occur of its effetcs can overproper measures are undertaken once while the child still bed. Practically all disabling deformities can prevented plete both well muscles insured immediately proper handling, by braces or splints that rest, and carefully guided "passive and exercise. child cannot be taken to orthopedic (bone specialsoon the quarantine the Missouri Society for Crippled Children will cooperate with family doctor in furnishing list muscle training exercises upon Remember: Disabling deformity, even the majority of cases of fantile paralysis, thing. prevent prevent