10106. Cameron Trust Company (Cameron, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
February 2, 1931
Location
Cameron, Missouri (39.740, -94.241)

Metadata

Model
gpt-5-mini
Short Digest
fdcc450e

Response Measures

None

Description

The bank was closed by its board and the state finance department took charge (Feb 2, 1931). Later a receiver (B. Russell) was officially appointed (reported Feb 22, 1931). Articles cite slow loans/failure to collect as the cause — no run or depositor panic is mentioned.

Events (2)

1. February 2, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board closed the bank due to inability to collect slow loans (bad/illiquid loans).
Newspaper Excerpt
CAMERON TRUST COMPANY CLOSES Officers Await Arrival of State Finance Department Representative Cameron Trust Company closed for business today, while officers awaited the arrival representative of the state finance department to take charge ... the institution was closed by action of the board directors ... failure coi lect slow loans led to the rectors' action
Source
newspapers
2. February 22, 1931 Receivership
Newspaper Excerpt
CAMERON, Mo., Feb. 22.-(Special)- B. Russell of Cameron has been officially appointed as receiver for the Cameron Trust Company, which closed here about two weeks ago. R. A. Shelby,'s representative of the state finance commission has been in charge.
Source
newspapers

Newspaper Articles (2)

Article from Columbia Daily Tribune, February 2, 1931

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Article Text

CAMERON TRUST COMPANY CLOSES Officers Await Arrival of State Finance Department Representative Cameron Trust Company closed for business today, while officers awaited the arrival representative of the state finance department to take charge of its The institution was closed by action of the board directors taken Saturday secresaid failure coi lect "slow loans" led to the rectors' action Cotty is president of the company. Bank Closes West Plains. Mo. Feb. Farmers Savings Bank of West Plains, Howell was closed today its board of directors, the state finance department was notified. According to the bank's last statement had $120,000 capital loans: $70,840 deposits and $22,000 bills payable. Armstrong president Truman Richards, state bank examiner, has been assigned to take charge.


Article from St. Joseph Gazette, February 24, 1931

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Article Text

That Body of Yours By JAMES W. BARTON, M. D. Underweight Children. Many parents, as they look at their youngster and notice that he or she is thin or skinny as compared with other children, quite naturally begin to be anxious about it. If, however, underweight should be a family characteristic they dismiss the matter from their minds, feeling that the youngster will be all right when he gets little older. Now what about underweight or undernourished children? Underweight may be due to some little infection in the system or it may be due to undernourishment. It has been learned that any little Infection of teeth or tonsils, adenoids, sinus or other trouble. can be the cause of underweight due to the wearing processes of these allments on the system. In cases where there is no infection it is usually due to undernourIshment. This doesn't mean that the youngster doesn't get as much food as other youngsters, but the kind and amount that he gets isn't sufficient for his particular body. Where groups of school children, some normal, and some underweight, were placed under the same conditions as to food, sleep and exercise, and watched for weeks and even months it was found that "it was possible to bring about a gain of weight in every child. It is to be remembered that the children in whom this could be done were such as had failed to gain in weight under the method pursued in the school and home. How was the weight increased? By milk? No. Milk is wonderful food and was fed to these youngsters regularly because it contains so much lime. Lime is the source of the food supply for building up bone and teeth, and some lime should be in every cell in the body. Each child therefore received a good supply of milk daily But milk was not the standby in increasing the weight and strength of these underweight children. Meat and eggs, foods rich in protein enabled the child to play more and actually increase in weight. The experiment showed that in the growing child, especially if he is underweight, It is almost impossible for him to eat too much of meat and eggs. Remember, underweight is not a disease but underweight makes children less resistant to infections. Don't be afraid to give your growing youngster, especially if underweight, plenty of meat, eggs and milk. [Copyright 1931.] BANK RECEIVER NAMED. CAMERON, Mo., Feb. 22.-(Special)- B. Russell of Cameron has been officially appointed as receiver for the Cameron Trust Company, which closed here about two weeks ago. R. A. Shelby,'s representative of the state finance commission has been in charge.