10065. Boonville National Bank (Boonville, MO)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10915
Charter Number: 10915
Start Date: June 16, 1932
Location: Boonville, Missouri (38.974, -92.743)

Metadata

Model: gpt-5-mini
Short Digest: 18ae35fa

Response Measures

None

Description

The Boonville National Bank failed to open June 16, 1932 and was closed by the national bank examiner; articles state deposits had been steadily withdrawn (mostly by check) after the death of President Dr. A. W. Nelson and that no run was observed. A receiver was later appointed and the bank remained in receivership (liquidation) through 1933. Classification: suspension leading to permanent closure (receivership).

Events (2)

1. June 16, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Steady and persistent withdrawals of deposits (mostly by check) following the death of President Dr. A. W. Nelson and during an attempted reorganization depleted available funds; examiners found no irregularities.
Newspaper Excerpt: The Boonville National Bank ... failed to open today and posted a notice saying it was in the hands of the comptroller of currency. The bank was ordered closed last night by Robert Neill ... Neill said the bank had exhausted its available funds.
Source: newspapers

2. June 24, 1932 Receivership

Newspaper Excerpt: John Carlon ... has been appointed receiver to liquidate the Boonville National Bank, and ... to take charge of the institution as the examiner ... indicated when he would formally assume charge was dependent upon when Mr. Underwood turns the bank over to him.
Source: newspapers

Newspaper Articles (19)

1. June 16, 1932 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, June 16, 1932

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Bank Put In aminer Thursday Morning. STEADY CAUSED THE CLOSING Move Is On Foot For Organization Of New Institution. The Boonville now National Bank Thursday morning failaminer." ed to open its doors for business following meeting of the board of directors Wednesday night at which time three days, Robert Neill, chief national bank examiner of the eighth district, declared the bank closed because it had exhaustits available funds. Reorganization of the bank, which was started immediate- and the assets after death of Dr. Nelson, March 13, was about reorganized completed Wednesday and H. have be Zuzak was to have gone to St. Louis Wednesday aftereffort noon to complete arrangements for re-organization funds, when Mr. Neill came to the bank and asked for the expected. daily statement of the Wednesday's business. This was presented at about o'clock. A meeting of the board of diprobably the rectors was called Wednesday drawals. night, and which read as follows, was posted as of 16. bank under the direccommittee tion of the comptroller of the Irvine, currency, is in charge of Marvin L. Underwood, assistant national bank examiner. "Closed by resolution of the board of directors.' (Signed) Underwood The bank had resources of 000 and Wednesday had deposits totaling in round numbers On January the deposits in round numbers were $835,000. Steady and persistent withdrawals by check had reduced deposits steadily, though no "personal" made any time. The National Bank, like most others in the country, had weather financial storm brought on by the general depression. rectors have worked maintain the instiution all times the death the been relieved. With the just den death the president tion was hand that called still more optimism and hard offset the natural prestige. There flurry The tution bravely in its find president, for and generto serve had in past. The directors ed hard every officer and ployee the bank their part. The that in the tragedy death Kingsbury and Meistrell another blow, rectly at the bank, but in the which or less was feeling the several recent and in chological mood that permitted little The receivership of the Farm Home Association Nevada, caused some The town heard the news Thursday morning with gravity, in frame of mind that philisophically accepted situation. Merchants were confiddent plans new bank would be set on foot immediately, and were spirit foster such movement. They are by no means licked. The Daily News learned that bank examiners made assurance that there were no irregularities far as the bank personnel cerned and that withdrawal funds was the only cause for the stitution's closing. The bank directors were: Judge John Fischer, Walterscheid, Leonard, Judge D. liams, Judge Gil Jewett, Lee, Oswald, Charles Whitlow, and Herman Zuzak. Gil Jewett was first vice-president, Zuzak, second Redd, cashier, Charles Whitlow and PorTumy cashiers. Capital stock paid and surplus in the last ancial statement of the bank published the Advertiser in January this Plans for new bank were being discussed freely today thought that per cent of the necessary capital had been subscribed, and the reasonably optimistic about the success of the enterprise. was by Herman sented to the newspapers: meeting the board of the Boonville National Bank, which lasted until almost decided, due shortage of funds for continued operation, to suspend business, and the bank was for business morning. Robert Neill, chief national bank examiner of the Eighth Federal ReDistrict, present and conferred with The bank charge Underwood, assistant National Bank ex"Plans for reorganization of the bank had been practically perfectwould probably have been consummated within the next two had not the steady withdrawal funds depleted cash reserves bank such extent that was impossible reopen business this morning. assistance Reconstruction Finance Corporation more easily available going bank than for closed bank the going bank more liberally, serious consideration deemfor the bank probably liquidated through the appointment of receiver. management made keep the bank going had no doubt until the very last that their plans would mature new bank These plans were defeatthrough slow resulting withdrawals during the last two or three Word leaked out that the re-organization pian process and cause of these withBoonville National Bank has important financial stitution in this community. Plans for organization of the new bank being considered and consisting of Maj. Geo. Kelley, and Wade Laher are in charge of this plan.' Hurt, Lahar Oswald, Pigott, Ernest, Laura

2. June 16, 1932 Jefferson City Post-Tribune Jefferson City, MO

Article from Jefferson City Post-Tribune, June 16, 1932

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THE BOONVILLE NATIONAL BANK CLOSES DOORS Institution Once Headed By Dr. A. W. Nelson, who Lost His Life In Lake of Ozarks, Fails To Open Today. BOONVILLE Mo., June 16-(A -The Boonville National Bank, of which the late Dr. A. W. Nelson was president, falled to open today and posted & notice saying it was in the hands of the comptroller of currency. The bank was ordered closed last night by Robert Neill, chief national bank examiner of the 8th Federal Reserve District, who met with the Board of Directors. Neill said the bank had exhausted its available funds No irregularities were found, Neill said. The bank had total resources of $1,500,000 and deposits of approximately $629,000. Dr. Nelson, who was the Deniocratic nominee for governor in 1924, was drowned in the Lake of the Ozarks last March 13. His body has not been recovered. Dr. Nelson's son-in-law, Walter S. Semple, prosecuting attorney of Cooper county, also lost his life when boat in which they were fishing capsized during windstorm. Dr. Nelson was believed to have been bank. the largest stockholder in the Officials of the bank said today that, immediately after Dr. Nelson death, a movement looking toway reorganization of the bank was started, but that a steady withdrawal of deposits started before they could complete the work. The deposits were withdrawn mostly by check, and at no time was there any indications of "run. The bank has a week in which to reorganize and steps were started in their direction today today A notice posted on the bank door read: "This bank, under the direction of the compltroller of the currency, is in charge of Marvin L. Underwood, assistant national bank examiner. "Closed by resolution of Board of Directors." The notice was signed by Underwood.

3. June 16, 1932 Columbia Daily Tribune Columbia, MO

Article from Columbia Daily Tribune, June 16, 1932

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BANK CLOSES AT Comptroller of Currency Take Over Boonville National Today The Press BOONVILLE, Mo., June The Boonville National Bank, of which the late Nelson was president, failed to open today and posted notice saying the hands of the comptroller the currency The bank closed last night by Robert Neill, chief national bank of the 8th federal reserve district, met with the board of directors. Neill said bank had hausted its available funds. No irregularities were found, Neill said. The bank had total resources of $1,500,000 and deposits of proximately $629,000. Dr. Nelson, who was the democratic nominee for governor 1924, was drowned in the lake the Ozarks last March body has been recovered. Dr Nelson's Walter Semple, prosecuting attorney Cooper county. his life when boat which they fishing capsized during windstorm. Dr. Nelson was believed to have been largest stockholder bank. Officials of the bank said today that, immediately after Nelson's death, movement looking toward reorganization of the bank started, that steady withdrawal of deposits started they could complete the work. The deposits withdrawn mostby check, and at no time was there indications The bank has week in which reorganize and steps startin their direction today notice posted on the bank door today read bank, under the director comptroller of the curin charge of Marvin assistant national bank examiner "Closed by resolution of board The notice was signed by Underwood.

4. June 16, 1932 Daily American Republic Poplar Bluff, MO

Article from Daily American Republic, June 16, 1932

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BANK OF DROWNING VICTIM IS CLOSED By The Associated Press. Boonville, Mo., June 16.-The Boonville National Bank, of which the late Dr. A. W Nelson was president, failed to open today and posted a notice say ing it was in the hands of the comptroller of currency. The bank was ordered closed last night by Robert Neill, chief national bank examiner of the 8th federal reserve district, who met with the board of directors. Neill said the bank had exhausted its available funds. No irregularities were found, Neill said. The bank had total resources of $1,500,000 and deposits of approximately $629,000. Dr. Nelson, who was the Democratic nominee for governor in 1928, was drowned in the Lake of the Ozarks last March 13. His body has not been recovered. Dr. Nelson's son-in-law, Walter S. Semple, prosecuting attorney of Cooper county, also lost his life when a boat in which they were fishing capsized during a windstorm. Large Stockholder. Dr. Nelson was believed to have been the largest stockholder of the bank. Officials of the bank said today that, immediately after Dr. Nelson's death, a movement looking toward reorganization of the bank was started, but that a steady withdrawal of deposits started before they could complete the work. The deposits were withdrawn mostly by check, and at no time was there any indications of a "run". The bank has a week in which to reorganize and steps were started in that direction today. A notice posted on the bank door today read: "This bank, under the direction of the comptroller of the currency, is in charge of Marvin L. Underwood, assistant National Bank examiner. "Closed by resolution of board of directors." The notice was signed by Underwood. a change. "While it was manifestly written as a political expedient to placate a noisy minority, find nothing in it

5. June 23, 1932 The Milan Standard Milan, MO

Article from The Milan Standard, June 23, 1932

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A BUNCETON, MO., BANK CLOSES. Bunceton, Mo., June 21.-The Cooper County State Bank at Bunceton was closed today by its board of directors. No reason was given. The bank had total resources of $343,556; loans, $293,700; deposits, $279,- 500, and capital stock of $20,000. A run started on the bank Friday led officers to place a $5 limit a day on depositors' withdrawals. F. C. Betteridge is presi- dent and A. Blomquist, cashier. The Boonville National Bank at Boonville, seat of Cooper county, was closed Thursday by order of a national who Nelson, drowned March 13 in the Lake of the Ozarks, was president. Reorganization plans almost were completed when the bank was ordered closed. George U. Freund, state bank examiner, was assigned late today to take charge of the Cooper County State Bank.

6. June 24, 1932 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, June 24, 1932

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Man In Town Take Over Institution. IN CHARGE WHEN FINISHES Date of Transfer of Authority Cannot Now Be Made. John Carlon of Brookfield, Missouri, has been appointed receivliquidate the Boonville NationBank, and in Boonville to take charge of the institution as the examiner, Underwood, and assistants through checking the records the institution. Carlon told the Daily News that he was unable when he would formally assume charge. depend, he says, upon when Mr. Underwood turn the bank him. Mr. Underwood, when by the News, said that unable the present time just when that would be. explained both that the News was its readers the situation fast developed, both said that they would approachable when that time comes. This present time could print statement what understands amount the bank what understands procedure when receiver takes charge; could speculate the many rumors that are up and down street. prefers however, until obtain authoritative information from the officials charge the institution. The News conscious that adequate news handling of the bank story has been presented, and desire's stress for To reproduce news form every idea and that has been freely pressed in homes and siness manifestly would unfair and might best of every The olny procedure, feel, then, the news our readers from Mr. derwood and Mr. Carlon.

7. June 24, 1932 The Boonville Daily News Boonville, MO

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Endorses Chamber of Commerce Gives Its Support To Movement. IDEA OF TWO HERE IS RECOMMENDED Plan For Another Institution Is Considered Sound. At the weekly meeting of board of directors of the Boonville Chamber Commerce held Boonville yesterday noon, the following resolution was adopted the board: RESOLUTION WHEREAS, the Boonville NationBank failed open its door business on Thursday morning June 16th WHEREAS, since the closing of Boonville National Bank, Boonwith only banking institution which institution sidered on strong financial and, the belief that the interests Boonville the community be better served two banks the plan for the ganization bank has been studied and THEREFORE BE IT RESOLVED. by the Board of Directors the hamber of Commerce that the wholehearted endorsement and support of the Chamber given the organization and establishment of new bank in by the Board of Directors the Chamber of Comits regular meeting June 1932. MILLION, Pres. Sec. new bank for Boonville seems to from the reception the soliciting committee which Boller chairman. This committee reports that eleven men approached, nine made substantial subscriptions, and stated their belief that was utmost importance that the new bank organized functioning just soon possible. The openbank will restore confidence the community, pedite financial rehabilitation, and permit business to normally resume. The committee making contacts rapidly possible and will subfirst report soon jority of the stock been scribed. The co-operation every citizen needed to perfect the organization, and any amount may handed Mr. Boller or other any member of the committee.

8. August 29, 1932 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, August 29, 1932

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60-Day Mortgage MoratoriumSought Head of Home Loan Bank Board Gets Treasury Aid. BANK RECEIVERS ARE ASKED TO CO-OPERATE Requests Similar Action From State Finance Commissioners. Washington.-Chairman Franklin Fort of the Home Loan Bank Board told the United Press Friday the administration was seeking 60-day moratorium on foreclosure of all mortgages in the United States. Fort said the program included mortgages on commercial plants as well as private homes, and that co-operation of active financial institutions as well as those in hands of receivers would be sought. Washington, D. C.-Chairman Fort of the Home Loan Bank Board announced to order national bank receivers to suspend mortgage foreclosure proceedings for 60 days. He said the board today was telegraphing every state supervising authority requesting similar action by state bank receivers. He is seeking a general agreement to suspend foreclosures. J. T. Carlon, receiver of the Boonville National Bank, told the Daily News today that he had received no communication from the treasury department advising him of the action taken at the behest of Chairman Fort.

9. April 15, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, April 15, 1933

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HEARD FAMOUS National Bank Receiver Seeks To Recover In Lead Mine. AGAINST Was Paid Out To Lees Summit Man For Linn Creek Operations. Interes: Boonville's biggest of seven years ago, the collapse the Nixon Farm Mortgage Comand the disappearance of Nixon, operator of the which envolved almost dollars in loans throughout Central Missouri, will revived here in case which will come up for trial in the Jackson County Circuit Court on May 22. The suit brought by Carlon as receiver for the defunct Boonville National Bank of Boonagainst the estate of the late Milton Thompson, wealthy land owner of Lee's Summit, in an tempt to recover $14,000 and interpaid to Thompson for development of lead and zinc mine near the site of old Linn Creek. The mine was operated for time Thompson, Nixon. and Nixon's sonTurner. Nixon left Boonville under mysterious circumstances on June 1926. and has never returned. Attorneys say understood that he now living in Mexico City, Mexiunder the name of Wesley. Following his disappearance, the eration of the mine was discontinued and Thompson ceased to pay the bills, leaving the bank "holding for The mine was the area now covered by the Lake the Ozarks and Thompson later sold to the Union Electric Light and Power Company, builders of the lake, large sum of money. Attorneys for the plaintiff are Schaumburg and Drafof Boonville, Shackleford Jefferson City, and Walter Raymond of Kansas City. Information from attorneys indicate that depositions will probably be taken from Nixon Mexico City on April 25 in the case. Turner, who was Nixon's business partner, remained in Boonville after his disappearance, and in October, 1926. shot and killed Cecil Cockerell, who lost heavily in the failure of the Nixon organization. He was tried circuit court here and given short sentence, of which he servfew months before he was paroled. He lives in California. is understood that charges of using the mails defraud while operating his real estate interests here pending in federal courts against Nixon, he has never been extradited from Mexico. Nixon had operated in Boonville number and had built years confidence in himself in the peoof Cooper and surrounding counteis equaled only by the most reliable bankers. Many had trusttheir entire fortunes to his investment and the amount of he supposedly absconded money with has been accurately estimated but thought to be many thousands dollars, attorneys said.

10. April 17, 1933 Kansas City Journal Kansas City, MO

Article from Kansas City Journal, April 17, 1933

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SUIT BRINGS ECHOES OF Boonville Bank Receiver Sues Milton Thompson Estate. Interest in the collapse of the Nixon Farm Mortgage company Boonville, Mo., years ago and the of operator of the firm. which involved almost half million dollars in vestments and loans throughout central Missouri, will be revived here in suit which will come trial in the circuit court May The brought Carreceiver for the defunct Boonville National bank of Boonville against the estate the late Milton Thompson, wealthy land owner Lees Summit, in attempt to cover $14,000 and interest paid for development and mine near the site of old Linn Creek. The mine operated for time by Nixon Nixon's Turner. Nixon left Boonville under mysterious circumstances on June 1926, and has never returned. understood he living in Mexnow City, under the name of Wesley. Following his disappearthe operation of the mine discontinued and Thompson was said have discontinued paying the bills, leaving the bank responsible mine was in the the Lake of the Ozarks and later sold the Union Electric Light and Power company, builders of the lake. Attorneys for the plaintiff are Schaumburg and Draffen Boonville, Shackelford Jefferson City, and Walter Raymond of Kansas City Information the attorneys indicates that deposition probably will from Nixon in Mexico City Turner, who was Nixon's business remained Boonville after partner, father-in-law's and shot and killed by Cecil Cockrell, who lost heavily the failure of the Nixon organization. He was tried given short sentence, which he served only months before was paroled. now lives in California.

11. May 17, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, May 17, 1933

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The Editor Says LET'S OPERATE THE SWIMMING POOL It becomes more and more apparent that the city or some civic organization will have to take action if we are to have the Boonville swimming pool in operation this summer. The swimming pool is now controlled by the Boonville National Bank receiver, Mr. John T. Carlton who declines to lease it for a short term but who would sell it at a bargain. We suggest that this matter is important enough that the city authorities take it up with the idea of muncipal ownership if civic clubs or individuals decline to buy and operate the pool The city anticipates receiving a check for $20,000 from the state for the bridge refund. It may be possible to use portion of this for the purchase of the pool. A Chamber of Commerce committee has the matter under consideration but no report has been announced. The warm afternoon today makes one realize the extreme need of the pool. Boonville folks, young and old, enjoy and make use of the pool. If there is no pool in operation this summer then many of them will leave town to. enjoy a swim elsewhere. Some of the youngsters, too, may be tempted to venture into the treacherous Missouri river-and perhaps meet with tragedy there.

12. June 16, 1933 The Kansas City Times Kansas City, MO

Article from The Kansas City Times, June 16, 1933

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END TO A TRAIL OF WOE SUIT THAT REACHES BACK TO NIXON CASE IS DISMISSED. Mrs Milton Thompson Does Not Have Pay $19,000 in Unpaid Loans Made to Husband's Partner. Loud and far-flung are the repercussions of misfortune. The years of the depression have piled them up. Apart from the depression, the wiles and woes of the Nixon case have spread their web hundreds of miles from Boonville these last seven years. Murder drownings, heart seizure, flight, bank what a tragic color is woven that web and is still being woven Take the case dismissed by Judge Darius Brown in the circuit court here late yesterday, on demurrer of the defense. The defendant and victor was widow in black, Mrs. Milton Thompson of the famed Lees Summit farm. Her attorney. Charles M. Bush, six weeks ago, roamed the City Mexico seeking fruitlessly to take depositions from will-o'-thewisp accessories dealer there Casa Wiesley was the name over the dealer's shop. David N. Wiesley his son was called Casa Wiesley is really Charles W. Nixon. since 1926 Boonville's missing farm mortgage dealer promoter and bank borrower David Wiesley is David Nixon The entire Nixon family lives in the City Mexico MISSES PROBLEM. Judge Brown dismissed a jury that otherwis might have had to consider whether Thompson's estate was liable for some $19,000 unpaid loans given Nixon and his murdered Emil Turner. by the closed Boonville National Bank The judge held that the bank failed to show Thompson was mining partner with Turner and therefore the suit had no for action. Consider the trail of facts directly or indirectly bearing on this case: June Nixon, Dr. Arthur W Nelson. president of the bank and Democratic candidate for governor of Missouri 1924 and Thompson meet in the directors' room, and Thompson announces that he is through financing the zinc mine venture of Nixon near Linn Creek Mo. Previously Thompson had refused to honor two checks totaling $14,500. written on his Lees Summit bank account by Nixon meet mine expenses to presumably There had been many checks totaling into the tens of thousands of dollars. June 1926-The morning after the meeting Nixon departs with his fammotor car for California He has not been seen in Boonville since FARMERS LEARN THEIR PLIGHT August 1926-Scores of farmers borrowers and townspeople of Boonville and Cooper County begin to discover that their loans or assets with the Nixon Farm Mortgage Company are gone Some say million dollars went up the Nixon chimney of depressed farm values and unsuccessful speculation and assets juggling Three Kansas City banks held unpaid Nixon loans. September 1926-Nixor is indicted by Cooper County grand jury Nixnow is reported to be in Mexico Turner carries on at the mortgage office on Boonville's main street Mrs Turner daughter of Nixon. makes public assurances that the zinc mine at Linn Creek will more than repay all creditors, the venture allowed to continue without stoppage law October -Turner is murdered in the Nixon farm mortgage office by Prof Cecil Cockrill, elderly bachelor and former instructor in Spanish the Kemper Military Academy at Boonville Cockrill had his life's savings in the Nixon company. and January 1927 -Cockrill is tried for the murder and sentenced to two prison. The search for Nixon FAILS TO RETURN NIXON March. 1927-A Cooper County deputy sheriff goes to Mexico. reports seeing Nixon there but fails to lay hands on him and arrange for his return through extradition 1928- The Boonville National Bank sues Thompson in an attempt to recover the $19,000 involved in loans to Nixon and Turner. 1929-1930-Nixon still missing Creditors begin to accept their losses No more is heard of the Nixon mine that to save the situation. February 1931-Bagnell dam's gates Close and form the Lake of the Ozarks. which covers the old village of Linn Creek, and with it Nixon's storied mine The mine becomes a part the lake bottom. March 1931 -Milton Thompson dies from heart seizure in justice of the peace office at Lees Summit. after an farm. altercation with trespassers on his Later in 1931-The bank sues the Thompson estate for the $19,000 Judge Willard P. Hall of Independence in whose court the suit was filed. dies Judge Denton Dunn. his successor. rules on several motions pertaining to the Judge Jasper Bell Judge Dunn's successor sustains the defense on its demurrer to one of the counts of the suit. TWO DEATHS IN LAKE March 1932-Dr. Arthur W Nelson the Lake of the Ozarks near Versailles, and Walter D. Semprosecutor of Cooper County and son-in-law of Nelson. dies from exposure in the lake. The two had gone out in fishing boat together June 1932-The Boonville National Bank closed by a national bank examiner. Dr. Nelson was indebted the bank it is revealed The bank receivers continue to prosecute the Thompson case. Their attorneys take change of venue from Independence to the Kansas City divisions of the circuit court. Judge Brown Harris rules tions. for the defense on certain mo1933-Judge Allen C. Southern, before whom the case next appears, who transfers it to Judge James R. Page, sustains defense motion Ben Slated next for trial before Judge be bank. Terte, the case is continued by June 1933-The case finally comes and trial before Judge Darius Brown dismissed without defense testilertile mony The Thompson acres lie in greenery on Jackson County knolls men undisturbed by the battles of The fine homes of Nixon and gone Turner in Boonville long since have Mrs into the hands of creditors Turner lives in the City of Mexwith her father. Boonville carries

13. June 19, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, June 19, 1933

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Denouement Will Follow, Indicated Counsel For Plaintiff. SUIT NOT Motion To Set Aside Judge Brown's Verdict Prepared By Attorney. Kansas City, Mo., June Walter Raymond. counsel for Carlon. Boonville National bank receiver who suing the Milton Thompson estate for allegedly due the bank, prepared today file motion aside Judge Darius Brown's dismissal the case here last Thursday. trary to what Boonville citizens lieve attended the trial here last week. the case, with its dramdevelopments, has reached its denouement. more startling climax may follow, said. The case abruptly ended when Judge Brown announced verdict involuntary non-suit, contending the plaintiff had enterincorrect action and failed establish partnership between Thompson and Nixon. Raymond planned file the motion with Judge Brown today. decision not expected before days to two Raymond said. The case will retried before Judge Brown motion is tained. Otherwise, the suit will be remanded to the state supreme court which will be other two three before the years will heard. Raymond said. Many Surprises The sudden ending the suit another surprise series of amazing events which began in Boonville the early part of the last decade. Of the three principals in the killed disgruntled investor Farm Mortgage company, another died third fugitive from tice. The mortgage company defunct. the mining venture failed to yield the treasures expected and national bank closely connected Nixon and Thompson's transactions closed. One criminal and civil suit. thus far, are the legal repercussions. The jury merchants. bankers, and men and handful spectators, hearing the case on its second day last Thursday, clearly expected to continue for another days. Array of Legal Talent In spite Carlon's array of talent, comprising one Kansas City, Jefferson City and two Boonville lawyers, Brown Judge ruled they had failed to establish existence of mine partnership between who died accidentally in and Nixon, former head now defunct Nixon Farm Mortgage company now believed a fugitive Mexico Several witnesses testified they believed Nixon and Thompson partners in the mine venture near Linn Creek, Camden county, dur1925 and They testified that the venture Mining Combut documentary evidence was produced in court to prove this

14. June 29, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, June 29, 1933

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ON MOTION RETAIN Decision On Involuntary NonSuit In Bank Case To Saturday. Kansas City, Mo. ruling the motion to set aside Judge Darius Brown's verdict of involuntary non-suit in the case of John Carlon, Boonville National bank receiver, suing collect from the Milton Thompson estate, will made Saturday. The made day by Walter Raymond, chief for Carlon. If Judge Brown sustains the motion Saturday the will be retried his court. Otherwise will be carried to the state supreme court. The suit was begun in the circuit court of Judge Brown June the second day of the trial Judge Brown involuntary suit holding that plaintiff brought incorrect action in the petition failed establish partnership tween Milton Thompson and Nixon. the case carried to the preme court will be another three years before will be endRaymond said.

15. July 17, 1933 Columbia Missourian Columbia, MO

Article from Columbia Missourian, July 17, 1933

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Bank Case Goes to Supreme Court KANSAS CITY, July 17 (U.P.)An appeal on the nonsuit decision by Judge Darius Brown last month in the case of John T. Carlton, Boonville National Bank receiver, suing the Milton estate, has been taken to the Supreme Court.

16. October 10, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, October 10, 1933

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REPORT ON COLLECTION RECEIVER Carlon Reports 252 Cash On Hand Now. CHECKS WRITTEN NEXT No Announcement To Be Made Regarding Change In Receiver. The quarterly for the report Boonville National Bank, in receivership, has been issued today by John Carlon, receiver, for the three months ending Sept. The bank suspended June 1932 The report lists the assets at the liabilities $934,The cash in the hands of the Receiver Comptroller totals $88,252. From this latter the figure dividend will be paid within the next few weeks. expected the dividend will be about per cent. The bank lists $200,000 stock assessment. Of this amount, been collected. The total collections counted for This figure, be noted, approximately of the total assets of Thus one-half million, one-third. of the half assets have been collected. Checks the second dividend have nearly all been written to the federal department for audit and signature. They are pected back within the next days, certainly by Nov. 15, after which they will be distributed to the depositors. John Windsor has succeeded Schaumburg attorney for receiver. This appointment line with the political policy replacing with Democrats state and federal offices. The rumor that Mr. Carlon will replaced, too, but there no ficial concerning this Several local Demoseeking the job. CongressRalph Lozier's tions this selection, one to be made. Following the complete quarterreport issued Mr. Carlon: ASSETS Collected Uncollected LIABILITIES Trustee EVERY Liabili- JOHN

17. October 11, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, October 11, 1933

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SUCCEEDS OCTOBER Known Local Will Have Charge of Banks In This District. ASSETS ONE MILLION Has Been CollectNew Receiver Asks Full Cooperation. William Koenig was notified this morning by telegram from the comptroller's office Washington, of his appointment receivthe Boonville National Bank, the Citizen's National Bank of Sedlia, and the Sedalia National Bank Sedalia to succeed John Carlon. Mr. Koenig takes charge of the three banks Oct. and respectively. Mr. Koenig received the following telegram certifying his appointment: "Washington, 1933. "William Koenig "Boonville, Mo. are appointed receiver of the Boonville National Bank, Boonville, Citizens National Bank, Sedaand the Sedalia National Bank, Sedalia, Mo., to take effect at the close of business Oct. and respectively. You succeed John Carlon, resigned. Take over trusts dates mentioned and acknowledge receipt of this telegram by Commissions and instructions be forwarded to Boonville. O'Connor, At the same time another gram from Comptroller O'Connor received by Mr. Carlon notifying him the acceptance of his resignation and informing Carlon the appointment Koenig successor. Mr. Carlon was structed to turn over trusts, etc., the dates mentioned. Carlon To Return Home As stated in the telegrams, Mr. Koenig will take over the receivership of the Boonville National Bank Oct. 14, The Citizens National Bank of Sedalia Oct. 16, and the Sedalia National Bank, Oct. Mr. Carlon. who has been with the federal comptroller's department for the past 18 months, said this morning that he would return his home to Brookfield, Mo. had been rumored for some time that change would be made replace the Republican administration receiver with someone lected from Democratic Sevranks. eral prominent Boonville made application for the position. This morning Mr. Carlon met Mr. Koeon the street. They greeted other and struck up casual conversation. While they talking messenger boy came up them. He handed telegram. "Well, here Carlon Mr. Koenig took out penknife and opened the telegram. He handthe knife to Mr. Carlon opened his telegram. Mr. Koenig's telegram read as stated above. Mr. Carlon's telegram notified him of the termination his duties. said Mr. Carlon. "Thank returned Mr. Koedo my best to carry out the receivership as quickly as Well Qualified Mr. Koenig, who widely known Central Missouri, and who familiarly called "Doc" by hundreds of friends, ably fitted for the receivership duties. For the past years he has been prominent in banking and farm loan circles here. He Cooper collector county from to 1915. In he of the Farmers Trust Company and charge of the real estate loans. He president of the Citizens Trust Company, associated with the Farmers Trust, and efficiently handled the liquidation of those institutions. said that Koenig knows every farm Coopcounty and many farms in The Boonville Insurance Agency continue operate in its presquarters without change Mr. Koenig said. He that he had instructions regarding the personnel at the three banks he taking hope complete liquidation of the banks quickly Koenig said, may at this time for the cooperaof the community. accomplish this and (Continued

18. October 11, 1933 The Boonville Daily News Boonville, MO

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L. Koenig Is New Bank Receiver (Continued from page need the help of all. Job Just Started Mr. Koenig takes over the receivership of the Boonville National Bank on the eve of its second dividend. A 10-percent dividend will be paid soon. A of the assets of the bank have been liquidated, according to the quarterly statement just issued.

19. October 16, 1933 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, October 16, 1933

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RELEASED Liquidation Board Formed for Immediate Release Of One Billion Dollars. Washington government today came to the aid of positors in closed national banks with announcement of President Roosevelt of creation of federal deposit liquidation board to free quickly. The board, composed of ranking fiscal officials, will concentrate stimulating the distribution the frozen assets of banks closed since January and salvaging much possible for depositors bolster purchasing power. general intention," White House announcement said make loans on the assets of closed banks for the benefit of depositors up to maximum of 50 per cent their deposits, inclusive distributions made heretofore." has not been determined as whether or not the Boonville National Bank will receive any of this aid, as closed in June, 1932.