10152. Bank of Conway (Conway, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 18, 1897
Location
Conway, Missouri (37.502, -92.821)

Metadata

Model
gpt-5-mini
Short Digest
c9bdcf77

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Jan 1897) state the Bank of Conway, MO made an assignment and closed its doors and officials said they intended to quit business; depositors to be paid in full. This indicates a suspension followed by permanent closure/assignment (assignee C. C. Draper). No run is mentioned.

Events (2)
1. January 18, 1897 Receivership
Newspaper Excerpt
The Bank of Conway made an assignment of all its assets to C. C. Draper, of Lebanon, and the officials say it is their intention to quit business. Depositors will be paid in full.
Source
newspapers
2. January 18, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank made an assignment of all assets and officials stated intention to quit business; appears to be voluntary assignment/liquidation.
Newspaper Excerpt
Conway, Mo., Jan. 18.-The Bank of Conway made an assignment of all its assets to C. C. Draper, of Lebanon, and the officials say it is their intention to quit business.
Source
newspapers

Newspaper Articles (7)
1. January 20, 1897 The Enterprise Wellington, OH
Article from The Enterprise, January 20, 1897

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Article Text

WEST AND SOUTH. At Muskegon, Mich., on the 14th Judge Russell appointed the Michigan Trust Co., of Grand Rapids, receiver of the Whitehall State savings bank, which closed its doors recently. After several years' idleness the St. Joseph (Mo.) nail mills will be put in operation about February 1 and a large force of men employed. A site for fortifications on the outskirts of Galveston, Tex., has been purchased for the government, It cost $35,000 and fronts on the gulf. Quarters for officers and barracks, etc., costing from $150,000 to $200,000 will be erected on it shortly. The business blocks on the north side of the town of Milan, Mo., were destroyed by fire on the 15th. Loss $70,000; insurance $18,000. The officials of the Bank of Conway, Mo., which has made an assignment, say it is their intention to quit business. It was the only bank in town. Depositors will not lose anything. A long section of a road near Salem Center, Ind., is disappearing into what appears to be a bottomless pit. Several thousand loads of dirt have been dumped on the road, but it gradually sinks into the abyss. One of the largest companies employing convict labor in the Missouri penitentiary, the Standard Shoe Co., has made an assignment. Liabilities $75,000. The gold reserve of the German Insurance bank of Louisville, Ky., amounting to $250,000, is locked up and cannot be reached. President Fischer, who alone knew the combination of the reserve vault, died a short time ago. Experts are at work on the lock. At Indianapolis, Ind., on the 16th the Commercial Wheel Co. made an assignment. Liabilities $100,000; assets supposed to be about the same amount. Frank H. McBride, assistant postmaster of Salt Lake City, Utah, was arrested on a charge of embezzement on the 16th. He confesses having taken $4,000 of the money realized from the sale of stamps since July last. J. W. Cunninton, the stamp clerk, was also arrested. Richard G. Monks, who was convicted at Bay City, Mich., of passing forged checks was on the 16th sentenced to Ionia reformatory for five years.

2. January 21, 1897 The Worthington Advance Worthington, MN
Article from The Worthington Advance, January 21, 1897

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Buckner orphan home in Dallas, Tex. Mrs. Frank Villier. living near Port Leyden, N. Y., cut her child's throat and then her own. No cause is known for the deed. Benjamin L. Davies, proprietor of the Tabbard inn at Rugby, Tenn., cut his wife's throat with a razor and then shot himself to death. He was crazy from cigarette smoking. Johnnie Connaughton. aged 10; Annie Rouisse, aged 16, and Gertrude Crowley, aged 9, were drowned at North Leominster, Mass., while playing on thin ice. In Cincinnati the Wheeling. Lake Erie & Pittsburgh Coal company failed for $1,056,000 and the Wheeling & Lake Erie Railway company went into the hands of receivers with liabilities of $320,000. Mary and Margaret Reynolds and Annie Conneally, all children, were suifocated by gas in a Boston tenement house. The Bank of Conway, Mo., closed its doors. The annual convention of the American National Woman's Suffrage association will be held in Washington January 26 to 30. A train on the Iron Mountain & Texas Pacific route was thrown from the track by wreckers at Forest, Tex., and the engineer and express messenger were fatally injured.

3. January 21, 1897 River Falls Journal River Falls, WI
Article from River Falls Journal, January 21, 1897

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BANK SUSPENSIONS. Weaker Financial Concerns in Various Places Go to the Wall. Newport, Ky., Jan. 19.-The First national bank of Newport has closed its doors. The bank will be reorganized. The deposits are au out $370,000 and depositors will be paid in full. Director Charles Spinks says the bank closed because of the recklessness of Cashier Yautsey and Director McCracken. Louisville, Ky., Jan. 19.-The German national bank at First and Market streets did not open its doors for business, and the announcement was made that the institution was in the hands of Bank Examiner James Escott. The capital stock is $251,500, with a surplus of $31,000. J. M. McKnight is president. The bank has been in a shaky condition for three years owing to the failure of the Louisville deposit bank, by which it lost $75,000 and there are also between $250,000 and $300,000 worth of law suits pending, growing out of the bank's connection with the failure. Since the first of the year $75,000 in deposits have been withdrawn and several days ago Bank Examiner Escott began an investigation. Saturday he wired the result to the comptroller of the currency and the order came for the bank to be closed at once. St. Paul, Minn., Jan. 19.-The Minnesota state savings bank closed its doors and filed a deed of assignment, naming William Bickell as assignee. An affidavit was filed stating that the assets would amount to about $250,000, while the liabilities are in the neighborhood of $230,000. The officers of the bank deemed this step the best under the circumstances to protect the depositors. The recent flurry in banking affairs caused withdrawals of deposits to such an extent that, although the bank required the 60-days' notice, it was unable to raise enough ready money to meet demands. Fullerton, Neb., Jan. 16.-The Citizens' state bank of this city, closed its deors Friday afternoon. S. H. Penny, president, and F. M. La Grange, cashier, say that depositors will be paid in full. No statement of assets or liabilities will be given out until the bank examiner has completed his work of checking up. Seattle, Wash., Jan. 14.-The Seattle savings bank has closed its doors owing to heavy withdrawals of county funds by newly-installed officers. Judge Monroe, on petition, appointed H. O. Shuey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. The liabilities are $70,000 and the assets $104,000. The institution will liquidate its obligations dollar for dollar. Conway, Mo., Jan. 18.-The Bank of Conway made an assignment of all its assets to C. C. Draper, of Lebanon, and the officials say it is their intention to quit business. It was the only bank in town and carried a capital stock of $10,000, with C. Hanson as president and I. M. Porter cashier. Depositors will be paid in full.

4. January 21, 1897 River Falls Journal River Falls, WI
Article from River Falls Journal, January 21, 1897

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Article Text

Off the New Orleans coast the steamship Eva, with a party of six aboard, was lost. At Ocala, Fla., the Merchants' national bank suspended with liabilities of $145,000. Republicans in the Oregon legislature nominated John H. Mitchell to succeed himself in the United States senate. Flames de: troyed the plant of the Fox Paper company at Crescentville. O., the loss being $150,000. Near Monterey, Ky., Jennie Browning, with her baby in her arms, jumped into the Kentucky river and both were drowned. Two farmers, Jonas Hackensmith and Punch Evans, living near Dover, Mc., shot each other fatally as the result of a family feud. Senator Sherman announces that he has accepted the state portfolio. In Wisconsin the semi-centennial plan of celebrating in 1898 the fiftieth anniversary of statehood has been shandoned. Fire destroyed a portion of the Buckner orphans' home in the suburbs of Dallas, Tex., and five boys peri hed and a number of others were injured Flames wiped out the business portion of Milan, Mo. Further advices say that 15 children perished in the fire that destroyed the Buckner orphans' home in Dallas, Tex. Crazed from cigarette smoking Benjamin L. Davis, proprieter of the Tabbard inn at Rugby, Tenn., cut his wife's throat with a razor and then shot himself to death. The Wheeling, Lake Erie & Pittsburgh Coal company failed in Cincinnati for $1,056,000. and the Wheeling & Lake Erie Railway company went into the hands of receivers with liabilities of $320,000. On the Iron Mountain & Texas Pacific route a train was thrown from the track by wreckers at Forest, Tex., and the engineer and express messenger were fatally injured. The doors of the Bank of Conway, Mo., were closed. In Indianapolis the Commercial Wheel company failed for $100,000. At their annual meeting in Columubs, 0., the United Mine Workers of Ameriea elected as president M. D. Batchford, of Ohio. At Flat Rock, W. Va., Lew Grim shot and fatally injured three outlaws W ho were trying to break upa dance. The only female national bank cashier in the United States, Mrs. Sarah Dick, was for the twenty-fourth consecutive time chosen to that position in the First national bank at Huntington, Ind. At Louisville, Ky., the doors of the German national bank were closed with liabilities of $260,000. The doors of the First national bank of Newport, Ky, were closed with liabilities of $200,000. Tillie Anderson made 41 miles 10 laps in two hours, which is a new world's record in the female six-day bicycle race at Indianapolis. At St. Paul the Minnesota savings bank suspended payment with liabilities of $230,000. At Garrett, Ind., H. N. Coffinberry, a banker, charged with forgery and em* bezzlement, fell dead from heart disease as the sheriff was about to arrest him. At Little Rock Dan W. Jones was inaugurated as governor of Arkansas. A windstorm at Huntington, Ind., blew the roof off the county infirmary and damaged other buildings. At Carson the Nevada legislature convened in eighteenth session. At Atlanta, Ga., Sam Palatka confessed that he caused the great Cahaba (Ala.) bridge disaster, which sent 35 persons to death and wounded a score more.

5. January 23, 1897 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 23, 1897

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loss Deing $100,000. Narberth, Pa., fire destroyed the the At old stone barn opposite a famous Wayne hotel. which has been cenGen. familiar landmark for more than a tury. Benjamin Gandy, aged 55 years. both and of Seabright Berry, aged 45 years. killed Gloucester, N. J., were instantly the cars in Philadelphia. by There were 455 business failures in United States in the seven week days the ended on the 15th. against 488 the previous and 395 in the corresponding period The exchanges of. 1896. at the leading clearing the houses in the United States during week ended on the 15th aggregated $1.- the 047,860,662. against $1,144,639,0S0 previous week. The decrease compared 1896 with the corresponding week of was 1.6. Fire destroyed the plant of the Fox the Faper company at Crescentville, O., loss being $150,000. Jennie Browning. with her baby in arms, jumped into the Kentucky were river her near Monterey, Ky., and both drowned. As result of a family feud two farmJonas Hackensmith and Punch each ers, Evans, living near Dover, Mo., shot other fatally. The United States treasury deficit the first half of January is $6,860, $44, 063. for and for the fiscal year to date 763,360. Deputy United States Marshal W. Bird was shot dead in Breathitt county Ky., Jacob Neace, a moonshiner. Citizens' state bank of The by doors. Fullerton, Neb., closed its A portion of the Buckners orphan home in the suburbs of Dallas, Tex., was a burned and five boys perished and number of others were injured. The business portion of Milan, Mo. was destroyed by fire. The semi-centennial plan of celebrat- of in 1898 the fiftieth anniversary Wisconsin ing has been abandoned. Dun & Co. in their review of trade that gradual and steady improvesay ment has been in progress throughout the country for two months. Later advices say that 15 children the perished in the fire that destroyed Buckner orphan home in Dallas, Tex. Mrs. Frank Villier. living near Port Leyden, N. Y., cut her child's throat and then her own. No cause is known for the deed. Benjamin L. Davies, proprietor of the Tabbard inn at Rugby, Tenn., cut his wife's throat with a razor and then shot himself to death. He was crazy from cigarette smoking. Johnnie Connaughton, aged 10: AnRouisse, aged 16, and Gertrude nie Crowley, aged 9. were drowned at North Leominster, Mass., while playing on thin ice. In Cincinnati the Wheeling, Lake Erie & Pittsburgh Coal company failed $1,056,000 and the Wheeling & Lake the Erie for Railway company went into hands of receivers with liabilities of $320,000. Mary and Margaret Reynolds and Annie Conneally, all children, were surfecated by gas in a Boston tenement house. The Bank of Conway, Mo., closed its doors. The annual convention of the American National Woman's Suffrage association will be held in Washington January 26 to 30. A train on the Iron Mountain & Texas Pacific route was thrown from the track by wreckers at Forest, Tex., and the engineer and express messenger were fatally injured. The Commercial Wheel company at Indianapolis failed for $100,000. Lew Grim shot and fatally injured three outlaws at Flat Rock, W. Va., who were trying to break up a dance. The United Mine workers of America at their annual meeting in Columbus. O., elected as president M. D. Batchtord. of Ohio. All the recent reports in regard to Waldorf Astor citizen of Great are naturalized William having Britain become said to be untrue. The visible supply of grain in the United States on the 18th was: Wheat, 52,459,000 bushels; corn, 21,522, 000 bushels; oats, 13,621,000 bushels; rye. 3,443,000 bushels; barley, 3,877,000 bushels. Mrs. Sarah Dick, the only femalen tional bank cashier in the United States, was for the twenty-fourth consecutive time chosen to that position in the First national bank of Huntington, Ind. The doors of the German national bank at Louisville, Ky., were closed with liabilities of $260,000. The First national bank of Newport, Ky., closed its doors with liabilities of $200,000. In the female six-day bicycle race at Indianapolis Tillie Anderson made 41 miles 10 laps in two hours, which is a new world's record. Minnesota at St. The savings with bank liabiliPaul suspended payment ties of $230,000. H. N. Coffinberry, a banker at Garrett, Ind., charged with forgery and em bezzlement, fell dead from heart disense as the sheriff was about to arrest him. Fire destroyed the business portion

6. January 23, 1897 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, January 23, 1897

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The Citizens' state bank of Fuller ton, Neb., closed its doors. A portion of the Buckners orphar home in the suburbs of Dallas, Tex., burned and five boys perished and number of others were injured. The business portion of Milan, Mo. was destroyed by fire. The semi-centennial plan of celebrat Ing in 1898 the fiftieth anniversary Wisconsin has been abandoned. Dun & Co. in their review of trad say ment that gradual and steady improve has been in progress throughou the country for two months. Later advices say that 15 children perished in the fire that destroyed Buckner orphan home in Dallas, Tex. Mrs. Frank Villier. living near Por Leyden, N. Y., cut her child's throa and then her own. No cause is know for the deed. Benjamin L. Davies, proprietor of Tabbard inn at Rugby, Tenn., cut wife's throat with a razor and the shot himself to death. He was from cigarette smoking. Johnnie Connaughton, aged 10; nie Rouisse, aged 10, and Gertrud Crowley, aged 9, were drowned at Nort Leominster, Mass., while playing thin ice. In Cincinnati the Wheeling, for Erie & Pittsburgh Coal company $1,056,000 and the Wheeling & Erie Railway company went into hands $320,000. of receivers with liabilities Mary and Margaret Reynolds and nie Conneally, all children, were house. fecated by gas in a Boston tenemen The Bank of Conway, Mo., closed doors. The annual convention of the Amer can National Woman's Suffrage ciation will be held in Washington uary 26 to 30. A train on the Iron Mountain & Texa Pacific route was thrown from the by wreckers at Forest, Tex., and engineer and express messenger fatally injured. The Commercial Wheel company Indianapolis failed for $100,000. Lew Grim shot and fatally injure three outlaws at Flat Rock, W. Va., were trying to break up a dance. The United Mine workers of America at their annual meeting in Columbu O., elected as president M. D. Batel tord, of Ohio. All the recent reports in regard William Waldorf Astor having become naturalized citizen of Great Britain said to be untrue. The visible supply of grain in United States on the 18th Wheat, 52,459,000 bushels; corn, 21,522 000 bushels; outs, 13,621,000 bushels rye, bushels. 3,443,000 bushels; barley, 3,877,00 Mrs. Sarah Dick, the only female tional bank cashier in the United was time for the twenty-fourth consecutive First chosen to that position in The national bank of Huntington, doors of the German nation bank at Louisville, Ky., were close with liabilities of $260,000. The First national bank of Newpor Ky., $200,000. closed its doors with liabilities In the female six-day bicycle race miles Indianapolis Tillie Anderson made 10 laps in two hours, which new world's record. The Minnesota savings bank at ties Paul suspended payment with of $230,000. H. N. Coffinberry, a banker at Garret Ind., charged with forgery and bezzlement, fell dead from heart ease him. as the sheriff was about to Fire destroyed the business porti of the village of Staffordville, Conn. the with The offices Boston in stock nearly and all grain exchang

7. January 23, 1897 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, January 23, 1897

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BANK SUSPENSIONS. Weaker Financial Concerns in Various Places Go to the Wall. Newport, Ky., Jan. 19.-The First national bank of Newport has closed its doors. The bank will be reorganized. The deposits are about $370,000 and depositors will be paid in full, Director Charles Spinks says the bank closed because of the recklessness of Cashier Yautsey and Director McCracken. Louisville, Ky., Jan. 19.-The German national bank at First and Market streets did not open its doors for business, and the announcement was made that the institution was in the hands of Bank Examiner James Escott. The enpital stock is $251,500, with a surplus of $31,000. J. M. McKnight is president. The bank has been in a shaky condition for three years owing to the failure of the Louisville deposit bank, by which it lost $75,000 and there are also between $250,000 and $300,000 worth of law suits pending, growing out of the bank's connection with the failure. Since the first of the year $75,000 in deposits have been withdrawn and several days ago Bank Examiner Escott began an investigation. Saturday he wired the result to the comptroller of the currency and the order came for the bank to be closed at once. St. Paul, Minn., Jan. 19.-The Minnesota state savings bank closed its doors and filed a deed of assignment, naming William Bickell as assignee. An affidavit was filed stating that the assets would amount to about $250,000, while the liabilities are in the neighborhood of $230,000. The officers of the bank deemed this step the best under the circumstances to protect the depositors. The recent flurry in banking affairs caused withdrawals of deposits to such an extent that, although the bank required the 60-days' notice, it was unable to raise enough ready money to meet demands. Fullerton, Neb., Jan. 16.-The Citizens' state bank of this city, closed its deors Friday afternoon. S. H. Penny, president, and F. M. La Grange, cashier, say that depositors will be paid in full. No statement of assets or liabilities will be given out until the bank examiner has completed his work of checking up. Conway, Mo., Jan. 18.-The Bank of Conway made an assignment of all its assets to C. C. Draper,of Lebanon, and the officials say it is their intention to quit business. It was the only bank in town and carried a capital stock of $10,000, with C. Hanson as president and 1. M. Porter cashier. Depositors will e be paid in full.