1.
December 4, 1926
Austin American-Statesman
Austin, TX
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LOTTERY PROBE
Secret Indictments in Boston Case.
[Associated Press Dispatch to BOSTON. Dec. 4.-After an Investigation baseball and clearing house pools thirty-six defendants resident in Massachusetts and New York were under secret indictment today charges of conspiracy shi lottery tickets between states.
Party Contributions. The federal grand jury had been the Albany Hudson pools for two days. Federal claim have found evidence that the pools contributed $15,000 to the republican campaign fund in the recent New York also said that another pool A1bany, was believed to have contributed to the democratic election fund during the New York campaign, and hope that regarding the tivities of the organization be obtained from persons now under
Names Withheld. While the names of the defendthe not made pending their made known that six were of Albany and other places in New York, while 30 were of Massachusetts cities. The pools handled "staggering sums" weekly lotteries on baseball and clearing house federal officials In four Massachusetts cities sales of tickets totaled $75,000.
BANK CLOSED 4.-The board directors the Southern Bank Fulton, which yesterday and late Thursday today closed the bank temporarily notified S. L. Cantley, state finance commissioner, to take charge.
2.
December 4, 1926
The Dayton Herald
Dayton, OH
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Bank Is Closed (By United Press FULTON, Mo., Dec. 4.-After a two-day "run" which, according to bank officials, was started by "idle rumors,' the Southern bank of Fulton failed to open this morning. State banking authorities have been advised and will take charge of the institution today. The bank is considered one of the strongest in mid-Missouri.
3.
December 4, 1926
Evansville Press
Evansville, IN
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"Idle Rumor" Ends in Closing Up of Bank
United Mo., Dec. days' run, according bank officials, started by "idle rumor," the Southern Bank of Fulton failed to open this morning. State banking authorities have been advised will take charge the institution today. The bank considered one of the strongest
4.
December 4, 1926
Seattle Union Record
Seattle, WA
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RUN ON BANK CLOSES DOORS
FULTON, Mo., Dec. N. Following a "run" by depositors, which officials of the bank said caused by unfounded "wild" rumors, the Southern Bank of Fulton was closed today and directors turned it over to the state banking department.
5.
December 5, 1926
Joplin Globe
Joplin, MO
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PLANS DISCUSSED TO REOPEN FULTON BANK
Decision to Close Depository Comes Following Heavy Run on Institution.
Fulton, Mo., Dec. 4.-(P)-Tentative plans for reopening the Southern Bank of Fulton, which was closed today following a run, Friday and late Thursday, were being discussed late today by officers and directors of the institution. No definite arrangements have been made, but It is the intention of those connected with the bank, which had total resources of approximately $750,000. to reopen It in the near future. To Prosecute Persons. A statement made public this morning by the board of directors said it had been decided to close the bank because "false and maliclous rumors" have been circulated causing a large number of depositors to withdraw their accounts until the cash reserve was reduced to a point where it is not safe or fair to the remaining depositors and stockholders to permit further withdrawals. It was added by the statement that the state finance commission had been notified to take charge of the Institution until a practical plan could be worked out for the reopening of the bank. Vigorous prosecution of the person- or persons guilty of starting the rumor concerning the bank is expected to result. Officers of the institution and of Callaway county said tonight they know definitely who is responsible and that efforts will be made to assess the full penalty of the law. The Missouri Bankers' Association probably will be asked to assist in the prosecution of the guilty persons. The run on the bank began Inte Thursday afternoon. About $10,000 was withdrawn by depositors Thursday. while approximately $37,000 was taken out of the bank Friday.
6.
December 5, 1926
Fort Worth Star-Telegram
Fort Worth, TX
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TURKEYS PECANS AND MILK MEAN MORE MONEY IN BANK FOR FARMERS OF DECATUR
DECATUR. Dec. 4.-On a basis of what has been sold during the recent Thanksgiving and present mas period, it is estimated that the Wise County turkey crop will return approximately $100,000 to the raisers. Truck routes are operating out of Decatur to all parts of the county and killing. dressing and cooling is being done here. with shipments direct to Chicago and New York. On basis of what has been bought and paid for. estimated that $65 worth of pecans be shipped from the county. Six will have been handled from Deat the close of the season.
Daily whole milk receipts and shipments are at present 5.000 pounds in excess of the same period last year. Approximatel 20,000 pounds are being shipped daily. Total of milk and cream shipments for last year were above $350,000. and will reach the $500,000 point for the present year. The revenue from the general poultry business will bring still greater return, since poultry keeping is more widely disseminated on the farms. Several cars of peanuts have been shipped from the sandy land district of the western part of the county at prices remunerative to the growers. For 102 turkeys sold at 30 cents per pound, W. A. Shults of Route 7. Deeatur, another received $516.90. Guy Horner, farmer, was paid for one lot of pecans and still has an quantity to sell. Charlies Rawle equal sold $125 worth of turkeys and $135 worth of pecans the same day.
Missouri Bank Closed. FULTON, Mo., Dec. 4-The board of directors of the Southrn Bank of Fulton, which Friday and late Thursday experienced run, Saturday closed the bank temporarily and notified L. Cantley, state finance commissioner, to take charge.
Male ants are very short
7.
December 5, 1926
The Sedalia Democrat
Sedalia, MO
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FOR
Malicious Rumors Declared to Have Forced Institution to Close
By The Associated Press. FULTON, Dec. plans for reopening the Southern Bank Fulton, which closed was today following Friday and Thursday, were being discusslate today officers and rectors of the institution definite arrangements have made, but the intention those with the bank which had total proximately $750,000, reopen near future. statement made public this morning the board of directors said been decided to close bank because of and malicious rumors" have been circulatcausing large number of positors withdraw their accounts until the cash reduced point safe fair remaining depositors stockholders to permit further withdrawals. added by the statement that the state finance commission had been notified charge of the institution unpractical plan could be worked for the reopening of the bank. prosecution of the perpersons guilty of starting rumor concerning the bank expected result. Officers of the institutions and Callaway Counsaid tonight they know definitely responsible and that efforts be made to assess the full penThe Missouri Bankers Association probably will asked to assist the tion of the guilty person The run on the bank began late Thursday afternoon. About $10,000 withdrawn by depositors Thursday, while approximately taken out Friday.
8.
December 5, 1926
The Daily News and Intelligencer
Mexico, MO
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SOUTHERN BANK AT FULTON CLOSED BY ITS DIRECTORS
Institution Placed in Hands of Finance Department; Expert to ReOpen Institution Later.
By The Associated Press FULTON, Mo., Dec. board of directors of the Southern Bank of Fulton, which yesterday and late Thursday experienced run, today closed the bank temporarily and notified S. L. Cantley, state finance commissioner, to take charge. A total of approximately $7,000 was withdrawn by depositors yesterday while about $10,000 was taken out Thursday. officials of the bank said. The board of directors today made public resolution adopted by the board stating that because of "false and malicious rumors" that have been circulated large number of depositors have withdrawn their accounts until the cash reserve has been reduced to point where it is not safe or fair to the remaining depositors and stockholders to permit further withdrawals. The resolution also said the state finance commissioner was being asked to take charge of the institution until practical plan could be worked out for the opening of the bank. The last statement of the Southern Bank showed had approximately $750,000 total resources. This statement was the best the bank had made in five years, officials said. Callaway county officials declare they know the sources of the rumor responsible for the run on the bank and officials of the institution indicated that the Missouri Bankers' Association will be asked to prosecute the guilty person or persons. William F. Russell is president and Walter F. Henderson, cashier. B. A. Glassen, state bank examiner, of Salisbury, Mo., is in charge of the institution for the state finance department.
9.
December 6, 1926
Kansas City Journal
Kansas City, MO
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BANK GOSSIPER TO BE RUN DOWN
Bank of Fulton Officials to Prosecute Person Who Caused Run by Rumors.
FULTON, MO., Dec. 5.-(Special)Tonight, forty-eight hours after the Southern Bank of Fulton was forced to close its doors rumor started a run that threatened to wreck it, leading citizens are determined they will back the bank officials in running down the persons responsible for starting the gossip and bring them to justice. The bank has the community years. When the run started the large depositors not only refused to make demand for their money, but made deposits to their in the bank They are appealing to the frenzied customers of the withdrew their at once and enable the bank to reopen.
Await Grand Jury Action. In the the public await ing the action of grand jury the circuit court which will for the first time this and is expected to make rigid inquiry into the causes that started the officials of the bank, through their attorney, State Senator Nick Cave, who member of its directorhave been making investigation. It believed they know where the rumor W. Franc president of the bank, today he confident the bank will reopen soon. He believes all details can be worked out within thirty Bank Examiner in Charge.
B. A. Glassen, state bank examiner from Salisbury, here yesterday take charge of the bank's affairs. Russell cer tain will take Glassen less than two weeks go over the books sug. gest way out of the present diffiThe president indicated additional capital may carry the of the state department, but that this will be ing in of the bank's standing in the In the Fulton's business interests are trying to adjust them selves the ing the closing of two banks in nine months. is agreed It will hurt trade here In the holiday Merchants' Funds Tied Up.
There is no excitement among the Several business men who were caught up the First National had with the These now to with Home Savings and Callaway banks. the two remaining the city, who not only helped the Southern bank as long as It asked but also are standing by the of the city.
No word has come from the First National bank as to when the first dividend payment will be made to depositors. The expiration of time for filing claims by does not in January and hardly payment will be made before
10.
December 6, 1926
Telegraph-Forum
Bucyrus, OH
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UNREASONABLE RUN FORCES BANK TO CLOSE ITS DOORS
FULTON, Mo., Dec. 6.-Folowing a "run" by depos tors, which officlals of the bank said was caused by unfounded "wild" rumors, the Southern Bank of Fulton was closed to day and deputies turned it over to the State Banking Department.
11.
December 6, 1926
The Daily News and Intelligencer
Mexico, MO
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GRAND JURY TO INVESTIGATE RUN ON FULTON BANK
City Is Aroused Over the Closing of the Southern Institution by Gossip, Dispatch Says.
FULTON, Mo., Dec. rumor will be asked to go to bat with the law this week. The people of Fulton are grimly. but not vindictively. determined someone shall be punished for starting the wild gossip that made it necessary for the Southern Bank of this city to close Saturday after 2-day run of its depositors, who were stampeded into withdrawing their money after an insidious attack on the solvency of the institution. The first grand jury of the year for the Callaway county circuit court will begin deliberations today, and the firm belief the body will delve deeply into the bank affair. The bank itself has placed the matter in the hands of State Senator Nick Cave, an atorney who is directer in the instituion.t Officials of the bank who have made investigations declare they know the responsible person. The people here feel they have been made the victims of an attack of an irresponsible person and that the reputa tion of the city itself. as well as the bank, has been badly harmed. They contend bank in existence years and whose solvency was never questioned must be given square deal at all hazards. Fulton is not excited over the matter. It is holding up well, despite the fact this is the second bank to close in this city in the last nine months. It is charged the propaganda was given out because the bank asked payment of an count. Business men have been the hardest hit by the closing of the bank for several were caught in the First National Bank failure and then transferred their accounts to the Southern Bank. The Home Savings and the Callaway bank, the two remaining financial institutions, came to the aid of the Southern Bank and helped it as long as it required help. The Southern Bank at the close of the second day's run still had plenty of cash on hand but the board of directors ruled the depositors remaining loyal had to be protected and the only way it could be accomplished was to stop the run. Business men caught in the last bank closing are being taken care of by the other banks of the city and trade is going on as usual. The faith of the biggest depositors in the South ern Bank was evidenced the day of the run when they came in and made additional deposits. But the damage had been done. The small depositors, on trigger edge because of five bank failures in the county in as many years, had become suspicious. W. Farne Russell, president of the Southern Bank, said today he felt confident his bank would be able to reopen in thirty days. D. Glassen of Salisbury, bank examiner, has taken charge of the bank's affairs. Mr. Russell said he believes it will not require more than ten days to go over the accounts of the bank. Russell said he would be guided by the recommendations of the banking department and indicated that additional capital might be required and would be easily forthcoming when the readjustment is made. He said quite number of those who withdrew their accounts now admit the fallacy of such a move and are ready to put their money back when the bank opens.
12.
December 6, 1926
Seattle Union Record
Seattle, WA
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RUN ON BANK CLOSES DOORS
Mo., N Following "run" by depositors, which officials of the bank said was caused by unfounded rumors, the Southern Bank of Fulton was closed today and directors turned it over to the state banking department.
13.
December 9, 1926
The Fulton Gazette
Fulton, MO
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INQUIRY INTO RUMORS THAT CLOSED SOUTHERN BANK.
Circuit Judge Harris Instructs Grand Jury to Return Indictment Evidence Justifies.
Instructions to investigate the warranted, unjustified and slanderous reports" put in circulation concerning the condition of the Southern Bank Fulton, which caused on the stitution and eventuated in being closed and placed in the hands of the state finance department for liquidation, were given by Judge David Harris, of the Callaway county circuit grand jury that Wednesday morning. Judge Harris addressed the jury length the subject, saying that most serious matter; that entailed serious financial loss good citizens who had their money invested the bank, and that would bring serious to depositors reason of their funds being tied the bank through the of liquidation." close bank in any world by persistent circulation of false reports concerning Judge Harris declared. is your duty under the law to investigate this matter. The legislature in its wisdom enacted statute many years ago making criminal offense to culate false reports concerning condition of bank, and are called in county to deal with upon fense of that kind. My only knowlof what has taken place has edge through the and casual he added, have on the subject to subtestimony to but charge you to make you, investigation of the facts, and the evidence indictment, that hesitate to return you dozen or fifteen witnesses, summoned apparently for the purpose the rumors in circuinvestigating lation concerning the bank, waitin the hallway of the courthouse before the grand jury after sworn in and charged. Morris, Fulton, is foreman body, and the other members Yates, Maloney, Carrington, Layson, Anderson, Tyler, Fulton; Yates, McCredie; Frank Welden, Readsville; Tate, Mokane; Lowell Yates, Bachelor, and Maurice Books, Calwood. Harris, in his charge to the Judge touched violations of grand jury, on the law selling cigarettes and against cigarette material to minors, and lations of the state prohibition laws. Under the law he required struct grand jury on these points. Judge Harris issued an order last week for the empanelling of grand and directed that it not report jury for until Wednesday. The memduty bers of the were chosen SherGarrett.
14.
December 9, 1926
The Missouri Telegraph
Fulton, MO
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friends. This occurred Thursday morning and the Pun on the bank materialized in few hours Following the meeting of the rectors Friday evening the following notice posted on the Goor:Whereas there have been various false reports and rumors generally circulated throughout Callaway counduring the last few days about the solvency of the Southern Bank: And because of such false reporte large numbers of depositors have withdrawn their accounts and have reduced the actual cash of the Bank to point where does not appear to the Board of Directors to be or fair to other depositors to permit further withdrawale at this time: Now. therefore. be It resolved the Board of Directors that the Southern Bank of Fulton, Missouri be closed temporarily and placed charge of the Finance Commissioner required By law until such time arrangements can be made to protect all depositors, and these faterested in the
15.
December 9, 1926
The Weekly Intelligencer
Mexico, MO
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GRAND JURY TO INVESTIGATE RUN ON FULTON BANK
FULTON, Mo., Dec. 6.-Idle rumor will be asked to go to bat with the law this week. The people of Fulton are grimly, but not vindictively, determined someone shall be punished for starting the wild gossip that made it necessary for the Southern Bank of this city to close Saturday after a 2-day run of its depositors, who were stampeded into withdrawing their money after an insidious attack on the solvency of the institution. The first grand jury of the year for the Callaway county circuit court will begin deliberations today, and it is the firm belief the body will delvé deeply into the bank affair. The bank itself has placed the mat ter in the hands of State Senator Nick Cave, an atorney who is a directer in the instituion.t Officials of the bank who have made investigations declare they know the responsible person. The people here feel they have been made the victims of an attack of an irresponsible person and that the reputation of the city itself, as well as the bank, has been badly harmed. They contend a bank in existence fifty-five years and whose solvency was never questioned must be given a square deal at all hazards. Fulton is not excited over the matter. It is holding up well, despite the fact this is the second bank to close in this city in the last nine months. It is charged the propaganda was given out because the bank asked payment of an account. Business men have been the hardest hit by the closing of the bank for several were caught in the First National Bank failure and then transferred their accounts to the Southern Bank. The Home Savings Bank and the Cal- laway bank, the two remaining financial institutions, came to the aid of the Southern Bank and helped it as long as it required help. The Southern Bank at the close of the second day's run still had plenty of cash on hand but the board of directors ruled the depositors remaining loyal had to be protected and the only way it could be accomplished was to stop the run. Business men caught in the last bank closing are being taken care of by the other banks of the city and trade is going on as usual. The faith of the biggest depositors in the Southern Bank was evidenced the day of the run when they came in and made additional deposits. But the damage had been done. The small depositors, on trigger edge because of five bank failures in the county in as many years, had become suspicious. W. Farne Russell, president of the Southern Bank, said today he felt confident his bank would be able to reopen in thirty days. D. A. Glassen of Salisbury, a bank examiner, has taken charge of the bank's affairs. Mr. Russell said he believes it will not require more than ten days to go over the accounts of the bank. Russell said he would be guided by the recommendations of the banking department and indicated that additional capital might be required and would be easily forthcoming when the readjustment is made. He said quite a number of those who withdrew their accounts now admit the fallacy of such a move and are ready to put their money back when the bank opens.
16.
December 10, 1926
Centralia Fireside Guard
Centralia, MO
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Run On Bank with deposited in the Southern Bank of Fulton, telephoned to his wife to there and draw the money out. This started rumor that the bank was unsafe and the depositors started run the institution which resulted in the bank closing its doors. The bank paid all checks of depositors, amounting about $40,000.00. The Southern Bank of Fulton was the strongest institutions of Callaway County, having total of about Its time and demand deposits totaled over $430,300. latest statement shows the bank had in cash on hand. William Marshall president and Walter Henderson cashier of the bank. Depositors be paid in full and the bank to be turned over the state. The bank was established in 1871.
17.
December 10, 1926
The Macon Republican
Macon, MO
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RUN ON FULTON BANK FORCES IT TO CLOSE
A run on the Southern Bank of Fulton last Thursday and Friday, during which time $47,000 was withdrawn, forced the institution to be closed by its directors Saturday. The wife of a laborer started the run when she withdrew $5.40 which she had on deposit. Officers say they believe they have discovered the source of rumor which started the run, and that they intend to prosecute the person responsible for it. The bank has served the community fifty years and was a strong institution until the false rumor caused the withdrawal of so much eash that the bank had to be closed. Two other Fulton banks and a St. Louis bank and all depositors were paid as they demanded their money, without question. Bank officials anmounce that they have plans under way for reopening.
Let him who never violated any traffic laws cast the first ballot to enact some more.
18.
June 1, 1927
The Daily News and Intelligencer
Mexico, MO
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Thursday, June 9. will be the last day for filing claims against the Southern Bank of Fulton, by depositors and others having claims against the institution, according to the Fulton Sun-Gazette. J. R. Baker is in charge of liquidation.