Article Text
BIG FAILURE. The Mullanthy Bank Sustains a Shock from the "Wave." St. Louis, Feb. 27.-After a run this morning the Mullanthy bank closed its doors, Liabilities $10,000. Cashier Kam. merer believes the assets will be the same.
Mullanphy Savings Bank (St Louis, MO)
Episode Information
- Episode UID
9590676991166- Episode Type
- Run → Suspension → Closure
- Bank Type
- savings
- Bank ID
-
959067699hash - Start Date
- February 27, 1897
- 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
e4a2183940763c7d
Response Measures
None
Description
Newspaper OCR shows variant spellings (Mullanthy); bank explicitly described as a state institution.
Events (3)
1.
February 27, 1897
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Filing of a $25,000 chattel mortgage by a commission firm is said to have triggered depositors' withdrawals.
- Newspaper Excerpt
- After a run of about an hour this morning the Mullanphy bank ... closed its doors.
- Source
- newspapers
2.
February 27, 1897
Suspension
- Cause
- Government Action
- Cause Details
- Closed/taken charge by the state bank examiner (placard posted; secretary of state/ examiner control).
- Newspaper Excerpt
- This bank is in the hands of the secretary of state. Bank Examiner C.O. Austin immediately took charge.
- Source
- newspapers
3.
March 1, 1897
Receivership
- Newspaper Excerpt
- Ex-Gov. William J. Stone was today appointed receiver of the Mullanphy Savings bank, which was closed by the state bank examiner.
- Source
- newspapers
Newspaper Articles (20)
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SAVINGS BANK CLOSED. St. Louis, Feb. 27.-The Mullanphy Savings bank was slosed by the state bank examiner, on account of a run tarted on it by its depositors mostly poor people.
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'RAH FOR M'KINLEY." St. Louis Bank Goes Into the Hands of the Secretary of State. St. Louis, Feb. 27.-After a run of about an hour this morning, the Mullanphy bank, on the corner of Broadway and Cass avenue, closed its doors. Bank Examiner Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets will reach nearly the same figures. The bank has about 1,500 depositors, and was regarded as one of the most substantial savings institutions in the city. The filing of, a chattel mortgage of $25,000 by a commission firm is said to be responsible for the run and subsequent failure. The clearing house association has appointed a committee to investigate the failure.
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"RAH FOR M'KINLEY." St. Louis Bank Goes Into the Hands of the Secretary of State. St. Louis, Feb. 27.-After a run of about an hour this morning, the Mullanphy bank, on the corner of Broadway and Cass avenue, closed its doors. Bank Examiner Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets will reach nearly the same figures. The bank has about 1,500 depositors, and was regarded as one of the most substantial savings institutions in the city. The filing of. a chattel mortgage of $25,000 by a commission firm is said to be responsible for the run and subsequent failure. The clearing house association has appointed a committee to investigate the failure.
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ST. LOUIS BANK CLOSES. Assets Said to Nearly Equal Liabilities, Over $800,000. St. Louis, Feb. 27.-After a run of an hour this morning the Mullanphy Bank, corner of Broadway and Cass streets, closed its doors. Bank Examiner C. O. Austin immediately took charge, and a placard was posted on the doors bearing: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets will reach nearly the same figures. The bank has about 1,500 depositors and was regarded as one of the most substantial savings institutions in the city. Examiner Austin is inclined to the belief that the bank will not resume. The filing of a chattel mortgage of $25,000 by a commission firm is said to be responsible for the run and subsequent failure.
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SAVINGS BANK SHUT. Its Liabilities Estimated at $810,000 and Its Assets as the Same. St. Louis, Mo., Feb. 27.-After a run for an hour this morning, the Mullanphy bank, corner Broadway and Cass streets, closed its doors. Bank Examiner C. O. Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the Secretary of State." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets. will reach nearly the same figures. The filing of a chattel mortgage of $25,000 by a commission firm, is said to be responsible for the run and subsequent failure. The Clearing House Association has appointed a committee to investigate the failure.
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Receiver Appointed. St. Louis, March 1.-Ex-Gov. William J. Stone was today appointed receiver of the Mullanphy Savings bank, which was closed by the state bank examiner on Saturday.
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Appointed Receiver. ST. LOUIS, Mo., March 1.- Ex. Governor William J. Stone today was appointed receiver of the Mullanphy Savings bank, closed by the state ex. aminer on Saturday.
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Receiver for Mullanphy Bank. St. Louis, March 1.-Ex-Governor W.J. Stone was today appointed receiver of the Mullanphy Savings bank, which was closed by the State bank examiner on Saturday.
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St. Louis Bank Fails. ST. LOUIS, March 1.-After a run of about an hour the Mullanphy bank closed its doors Saturday. Bank Examiner Austin took charge and the following placard was posted on the door: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000 and Cashier Kammerer says the assets will reach nearly the same figure. The Mullanphy bank has about 1,500 depositors and was regarded as one of the most substantial savings institutions in the city. Examiner Austin is inclined to the belief that the bank will not resume.
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Failures. The clothing firm of Willoughby & Company. Ch.e.ago, confessed judgment in the circuit court for $81,611 in favor of the Fo t Dearborn National bank. State Bank Examiner C O Austin has closed the Mullanphy savings bank, a state institution at St. Louis. which has been in operation more than 15 years. On Feb 26 the lia i.ities were $.03,068; assets $806,119 Charles W. Warner has been appointed pe. manent receiver for James Wallace & Sons. brewers. of New York city. His bond is $30 00 The receivership is the outgrowth of acontroversy between the sons of James Wallace, deceased, whose estate was valued at $2,0.0,000.
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A St. Louis Savings Bank Suspends. ST. LOUIS, March 1.-After a run of about an hour the Mullanphy savings bank, corner of Broadway and Cass avenue, closed its doors. Bank Examiner C. O. Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets will reach nearly the same figures. The bank had about 1,500 depositors, and was regarded as one of the most substantial savings institutions in the city.
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The doors of the Mullanphy Sav ings bank, St. Louis,closed Saturday morning by state bank examiner C. o Austin. The bank has been in an unsound condition since the panic of 1893. Since the collapse of the steel rail trust prices on rails have dropped $4 or $5 below the English mini mum. Yet we have a tariff of $7 54 a ton to keep British rails out of the United States.
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Bank Receiver Named. Ex-Gov. William A. Stone was appointed receiver of the Mullanphy Savings Bank at St. Louis, which was closed by the State bank examiner. He immediately took possession.
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Receiver Appointed. St. Louis, March 3.-Ex-Governor William J. Stone has been appointed receiver of the Mullanphy Savings Bank, which was closed by the state bank examiner on Saturday.
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BANK CRASH IN MISSOURI. Mullanphy Institution at St. Louis Closes Its Doors. St. Louis, March 1.-State Bank Examiner C.O. Austin on Saturday closed the Mullanphy savings bank, a state institution, which has been in operation here for more than 25 years. He is unable yet to give out any figures which would show the condition of the bank. Assistant Attorney-General Jeffries applied to Judge Valiant for the appointment of a receiver for the Mullanphy savings bank. He placed the bank's total liabilities at $807,630 and the available assets at $567,114. He stated the bank had lost $204,900 on bad paper. It seems to indicate that depositors will hardly get more than 50 cents on the dollar.
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SETTLING UP. St. Louis, Mo., May 17-Receiver W. J. Stone of the defunct Mullanphy Savings bank, reports a final settlesooner ment will be reached much than was expected.
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Good Progress Made. St. Louis, May 17.-Receiver William J. Stone of the defunct Mullanphy Savings bank, reports that rapid progress is
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Stone as a Receiver. Ex-Gov. Stone has been allowed over $18,000 up to the present time as receiver of the Mullanphy bank, St. Louis. He was appointed March 1.
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BANK OFFICERS INDICTED. Said to Have Accepted Deposits After Their Concern Became Insolvent. ST. LOUIS, Mo., Feb. 24.-On application of a committee representing 1,600 creditors, warrants were issued to-day for the arrest of the following officers of the defunct Mullanphy Savings Bank: J. H. Rottman, president; Louis G. Kammerer, cashier; Henry Klages, Conrad Kellersman, Charles Schumacher, Joseph Marks, Casper Gestring and Frederick S. Bolte, directors. It is alleged in the warrant that the crime of grand larceny was committed by these bank officials in having accepted and sanctioned the reception of deposits aggregating $16,214 after they had knowledge of the fact that the bank was in an insolvent condition. Under the statutes of Missouri the reception of money by bank officials after they know the institution is insolvent is a felony. Application for the warrant was made by Messrs. Charles H. Reader, Louis Hermann, E. P. Gaines, William Theam and Philip Tauff, who made affidavit to the information on behalf of the creditors. Among the witnesses who are mentioned on the back of the information is Governor Stone, receiver of the bank. The Mullanphy Bank went into the hands of a received three years ago. When the bank failed three years ago it had nearly 1,600 depositors, and these, it is stated, have received 59 1-3 cents on the dollar. Their deposits aggregated more than $500,000. Despairing of securing a settlement in full by civil proceedings, the depositors finally decided to bring criminal action against the officers and directors of the bank. Several of the heaviest borrowers of the bank were speculators, whose notes were secured by the articles in which they were speculating.