10102. Cainsville Bank (Cainsville, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1926*
Location
Cainsville, Missouri (40.438, -93.775)

Metadata

Model
gpt-5-mini
Short Digest
14b0eae0

Response Measures

None

Description

The articles state the Cainsville Bank 'closed September [1926]' and is 'in liquidation by the state department' (state finance). No run or depositor panic is described. The bank remained closed and in liquidation; later its building and records were moved and the building was burned in Nov 1927, but that occurred after the bank had already closed. OCR errors corrected for readability (e.g., dates and phrasing).

Events (3)
1. September 1, 1926* Receivership
Newspaper Excerpt
liquidation by the state department; special deputy charge the closed bank, has opened office block square In The the books have been moved there. records ... moved ... placed in the vault ... for the bank, which closed September and liquidation by the state department. the special deputy in charge the closed bank, has opened office ... the books have been moved there.lying (OCR corrected).
Source
newspapers
2. September 1, 1926* Suspension
Cause
Government Action
Cause Details
Closed in September 1926 and placed in liquidation by the state finance department; special deputy in charge of liquidation appointed.
Newspaper Excerpt
the bank, which closed September and liquidation by the state department.
Source
newspapers
3. November 1, 1927* Other
Newspaper Excerpt
The Cainsville Bank, which [was] in the hands [of] the state finance department for liquidation, had insurance on its double brick building and the bank furniture and fixtures. ... corner razed. the bank's own building corner razed.
Source
newspapers

Newspaper Articles (5)
1. May 18, 1927 Bethany Clipper Bethany, MO
Article from Bethany Clipper, May 18, 1927

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Article Text

Reform to for Theft of Attorney's Plea for Parole Fails to Effect Release of Newton Decker boy's idea of "good ended yesterday his being sentenced term the state formatory for boys Boonville. guilty charge of stealing motor Newton Decker confined in the reformatory reaches the of Young Decker wanted car drive. Unable to have of his "borrowed" Ford without the permission of its owner, took from the streets of Mt. and drove Ridgeway, where he was arrested Friday night on the Glenn McQuerry, owner of the chine. Brought before Judge circuit court yesterday youth pleaded guilty to grand ceny. Charles Miller, made brief statement in behalf the boy. He said the theft not felonious spirit, but was merely prank and the boy intendreturn the He asked lenof the court and spoke in behalf parole for the boy. He asserted the attorney, Leslie had consented to parole the judge saw Judge Woods, however, refused heed the plea of the defense attorney. While he realized was first fense, he said the charge ous one that might lead to more trouble unless punished properly. The lawlessness youth of the greatest problems in promoting law and order, he declared, and the leasing without sentence encourages crime. jury yesterday evening sentenced Drummons of Worth countwo years in the his convection on grand larceny charge. He was accused stealing hogs. Trial of the case had taken most of the first two days of week's court session. The case brought here change of Drummons was represented by John Ewing of Grant City and Garland Wilson of Bethany. Hastings, prosecuting attorney of Worth counassisted Bruce Dubois. This jury heard the case: George Dowell, Charles Bowles, Warren Joyce, Ben Clapham, Meyer, Roy Nethkin, Albert Wooderand Wethered. Nine claims against the Cainsville Bank, which process liquidation, were heard by Judge Woods Thursday's session of court. Six were allowed as preferred claims and three allowed as general claims. The preferred claims: Cainsville pendent school district, sinking National Joseph, $28.21; Des Moines tional Trust $14.08; First National Bank, Joseph, for 096.32 and for $111.35; Leah Glines, $151.51. The three disallowed for preference and allowed claims were: Madison general Clay Harrison Mercer County Drainage District, $2,802.25. liquidation of the Harrison County Bank, Cantley, state nance given court to deliver certain customauthority the bank liberty bonds left the bank for safekeeping and not of the assets of the bank. Other proceedings during the week: Otis Smith Barbara vorce. Judgment for plaintiff vorce. Naoma Tipton al Edward Reynolds quiet title. Sigler attorney litem for appointed unknown defendants; judgment for plaintiffs. Hauck Milling Company Clyde Riggs: account. Judgment by agreement for $392.93 per cent; stay execution for four months. Sparks Lizzie Olds Charles Judgment for parti- Trust Company Lester Bethany suit note. Judgement Bennet on by default for $954.67 for plaintiff for debt and attorcent fee. Savings Bank Bethany Bethany Crushed Stone note, sustained and tachment. default for judgment for plaintiff by cent and $691.46 at per of attached attorney $69.14 allowed. Chambers Grocery Company Crushed Stone Company; Bethany attachment. Attachment count, and judgment for plaintiff by tained $389 and for sale of for Brothers Slemons Crushed Stone Attachment for plaintiff and judgment and for sale of for Rubber Mfg. ComGutta Percha Crushed Stone ComBethany sustained and default and attached Hobbs John Geyer title. Frisby quiet litem for pointed attorney judgment for known Charles Bridges Barnes Charles Miller quiet title. on last page Continued

2. July 6, 1927 Bethany Clipper Bethany, MO
Article from Bethany Clipper, July 6, 1927

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Article Text

Sue Cainsville Bank for Rejected Claims Eight Depositors Start Proceedings Nearly $7,000 Against Liquidating Officers Eight depositors of the Cainsville Bank. which in process of liquidathe state finance filed suits circuit court here day force approval claims, based deposits they allege they held in the bank at the time of its failure ber 1926. total nearly figures in the claims. The suits are directed against the bank, Cantley, state finance and Harper, cial deputy charge liquidation. Three the plaintiffs, Porter William Booth and Mary Rosa Booth, delare their petitions that they filed their claims and signed papers requested by the special deputy, but their claims have been jected. All three are based checkaccounts, the amounts follows: Porter Reeves, William Booth, Mary Rosa Booth, All three suits were filed Garland Wilson. Bethany attorney. In addition, William Booth that $1,050 his account be classed perferred claim. This he deposited August 30, 1926, the day before the bank closed. He declares the bank officers knew then the stitution The five other plaintiffs allege they filed their claims properly, but the claims have been lost by the receiver. These plainteffs and the amounts claimed George Stanley and Louisa Stanley, time deposit, Loduska Cure, five time deposits ing $976.63, demand deposit, Smothers, of Mary Myers, deceased, demand posit, Hammack, demand deposit, $242.90. These latter suits filed by Hyde, Princeton attorney.

3. November 2, 1927 Bethany Clipper Bethany, MO
Article from Bethany Clipper, November 2, 1927

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Article Text

Cainsville Bank Records Here After Sunday Most of the records of the building destroyed by Cainsville Sunday morning, moved Monday afternoon and placed in the vault the Frisby Frisby law office. Frisby attorney for the bank, which closed September and liquidation by the state department. The bank vault gave good protecfor the records, Mr. Frisby nothing any value was lost. The here made because there other vault available in Cainsspecial deputy charge the closed bank, has opened office block square In The the books have been moved there.

4. November 2, 1927 Bethany Clipper Bethany, MO
Article from Bethany Clipper, November 2, 1927

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Article Text

Judge Approves Two Cainsville Claims Ruling Bank Case Sets Precedent Depositors Failed Legal Period Judge Woods of the Harrison county circuit court precedent Thursday when he allowed two claims depositors the defunct CainsBank had failed to file the four period. They William Booth, and Mary Rosa Booth, Both were allowed common claims. large number similar suits are pending against the bank. The Booth claims were the first heard. At opening court three weeks Judge Woods intimated would all such claims. While the specifies the four months period for filing claims with the closed bank. the point never has been decided by courts, say. Until the higher courts Judge Woods approve rightful claims depositors. The Cainsville Bank had about $25,unclaimed when the filing time ended. Depositors who did not claim then suits for hearing volving approximately bank already has paid per cent dividend.

5. November 2, 1927 Bethany Clipper Bethany, MO
Article from Bethany Clipper, November 2, 1927

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in Cainsville Most of West Side of Square Wiped Out by Blaze Early Sunday Fire destroyed five business buildings, flouring and blacksmith shop Cainsville early Sunday mornand caused loss variously from $75,000 $100,000. The loss might have been many times greater been for sudshift in the direction of the wind, followed by light shower. The blaze originated cob shed adjoining the mill, which stood the bank of the old Grand river chanjust across an alley west the section. strong wind from the southwest spread the flames rapidly across the alley, where loading back buildings caught Eatits way through basement winand doorways, made furnace the buildings, and did stop until more than half of the of the square was demolished. Henry Hoadley, who operates the flouring machinery at the John Welmill, the first see the blaze, about Sunday. From his home the river west of the mill, the flames leaping at the outside of the cob shed. He notified operator, who aroused town. By the time help arrived the blaze, fanned by the southwest wind, had caught the and made seethflame. Without waterother protection, there means combating the fire. Volunteer fighters organized bucket brigade, but their efforts useless. Growing in force, the fire spread across the alley the row of which front on the west side the square. Chambers Sons' the Bartram hardware, Guy Reeves' men's vacant building owned by the Cainsville Bank and the bank's own building corner razed. Some damage done rear buildings occupied by Cainsville News office and Skakal Brothers' restaurant. just south of structures that burned. John Solel's blacksmith shop, which adjoined was destroyed. Dr. Carter Dr. H. Nally had offices over the Cainaville Bank lost all their equipment. lodge hall used by Odd Fellows, Modern Woodmen and also was the second floor the building. produce house erated by in the rear the bank also burned. Dr. Carter also had his home furniture stored his office. time appeared the whole business sestion might The bandstand, which stood in the center of the caught fire and was destroyed. The wind was blowing the flames perilously near row business houses the north side the square. call for sent out to Ridgeend fire departments. The Ridgeway fire truck brought scene, late be of any help. Bethany's truck did start because the time would take cover the miles Bethany and Cainsville, and also because would left no fire protection here. About the wind shifted from the southwest the southeast, blowflames safer direction. Shortly afterwasd came light showand in the wind, which allowed fire remain within the buildalready flames. Horace Tucker of Cainsville, son of Laura Tucker Bethany, seriously injured when piece of flying glass struck him the calf of the muscles and tendons. This accident happened an explosion one the burning buildings. believed kerosene tank in the Chambers blew grocery The force the blast sent pieces plate out into street toward the crowds of spectaTucker the only one hurt. There are two theories origin fire. Some believe caused combustion of coal which had been thrown into the mill's shed Saturday on top of cobs. Othare the opinion started from cigar dropped trash near the shed, for hours before gaining start. The wreckage the burned buildings smouldered and burned all day Sunday. Hundreds visitors tracted to Cainsville from nearby towns view the results the fire. Nally, Dr. Carter and John Solel had The other losses were well said. The Cainsville Bank, which the hands the state finance department for liquidation, had insurance on its double brick building and the bank furniture and fixtures. The hardware by Booth Brothers, for $3,500; Chambers owned by Chamand Shaw estate, $3,000; the Reeves building, owned by Dr. Nalthe Woodward estate, $2,500. mill insured but the amount not known. Chambers' grocery insurance stock tures, Bartram's hardReeves' store also had parinsurance for their stock.