10213. Daviess County Savings Association (Gallatin, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 24, 1896
Location
Gallatin, Missouri (39.914, -93.962)

Metadata

Model
gpt-5-mini
Short Digest
260cc2c6

Response Measures

Full suspension

Other: Assignees (T. B. Yates and Milt (Milt?) Ewing) named; depositors to be paid in full.

Description

Multiple dispatches (Nov 24–25, 1896) report the Daviess County Savings Association of Gallatin, MO closed its doors after heavy withdrawals; assignees were named and the institution assigned — indicating suspension with assignment/closure rather than a temporary holiday. No report of reopening. Cause of the withdrawals is not specified beyond heavy withdrawals, so cause classified as 'other'.

Events (3)

1. November 24, 1896 Run
Cause Details
Heavy withdrawals / depositor run reported; no specific trigger (rumor or bank-specific failure) given in articles.
Newspaper Excerpt
closed its doors to-day. The failure is said to be due to heavy withdrawals.
Source
newspapers
2. November 24, 1896 Suspension
Cause Details
Bank closed/suspended following heavy withdrawals; assignees were appointed (assignment).
Newspaper Excerpt
The Daviess County Savings Association ... closed its doors this morning. Liabilities, $109,000; assets about $169,000. T. B. Yates and Milt Ewing are assignees.
Source
newspapers
3. November 25, 1896 Other
Newspaper Excerpt
Depositors will be paid in full. T. B. Yates and Milt Ewing are assignees (the bank has assigned). Liabilities, $109,000; assets about $169,000.
Source
newspapers

Newspaper Articles (9)

Article from The Indianapolis Journal, November 25, 1896

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Article Text

Business Embarrassments SIOUX FALLS. N. D., Nov. 24.-The Da. kota National Bank has closed its doors on account of a heavy run, which left less than $1,000 in cash on hand. The bank is heavily loaded with real estate of a depreciated nature, but the officers hope to reorganize and resume business. The last statement of the bank. printed Oct. 8, showed $176,000 deposits and loans and discounts of $198,000. STREATOR, III., Nov. 24.-The Streator Street-railway Company has ceased operating its plant and is now in the hands of a receiver. The road was built in 1890. at a cost of $250,000. The plant has not paid expenses the past three years, An order will shortly be issued by the Federal Court for the sale of the road. GALLATIN, Mo., Nov. 24. - The Davies County Savings Association. an old and supposed to be reliable banking institution, closed its doors to-day. The failure is said to be due to heavy withdrawals. No state. ment of the assets and liabilities is given.


Article from Richmond Dispatch, November 25, 1896

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Article Text

Missouri Bank Suspends. GALLATIN, MO., November 24.-The Daviess County Savings Association, the oldest banking institution in this county, closed its doors this morning. Liabilities, $109,000; assets about $169,000. The depositors will be paid in full. The bank was founded by Colonel J. B. McFerrin, and is noted as being one of the first to be raided and robbed by the James brothers. This was in December, 1869, when they killed the cashier, Captain John Sheets.


Article from Twice-A-Week Plain Dealer, November 27, 1896

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Article Text

CLOSED ITS DOORS. Gallatin (Mo.) Bank, Scone of the First James Brothers' Raid, Suspends. Gallatin, Mo., Nov. 25.-The Daviess County Savings association, the oldest banking institution in this county, closed its doors Tuesday morning. Liabilities, 0198,000; assets about $169,000. Depositors will be paid in full. T. B. Yates and 21116 Ewing are assignees. The bank was founded by Col. J. B. MeFerrin and is noted as being one of the first to be raided and robbed by the James brothers. This was in December, 1800, when they killed the cashier, Capt. John Sheets.


Article from The Democratic Advocate, November 28, 1896

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# BUSINESS FAILURES. Compiled from the Philadelphia Ledger and Other Sound Money Journals. PITTSBURG, PA., Nov. 20-The Joint Wage Scale Committee of Window-Glass Workers and Manufacturers has adjourned after a two day's conference, without having reached any agreement. The result of this failure means the continued idleness of 15,000 men through-out the country, who have already been without work for the past six months. The manufacturers presented their ultimatum, which was to resume work at last year's scale, which is a general reduction of 15 per cent. on the net list. The workers proposed a compromise, reducing their demand from 10 per cent to 7 per cent. advance on single strength blowers and from 5 per cent to 3 per cent. on double strength. This was refused by the manufacturers. PHILADELPHIA, Nov. 20. Mrs. Rosa Gerson, who conducts one of the largest retail millinery store in this city, confessed judgment today amounting to $89,000. Executions were issued, but no assignment has yet been recorded. The First National Bank, of Sioux City, Iowa, closed its doors on the 20th. The officers assert that all claims will be paid in full. The B. B. Richards Lumber Company, of Duluth, Minnesota, has made an assignment; assets, $543,100, and liabilities, $295,000. The Probst Construction Company, one of the largest contracting concerns in the country, made an assignment in Chicago on the 20th. A. T. Hatch, a fruit grower of Suisun, California, is in financial difficulties. A suit for the foreclosure of a $200,000 mortgage on his ranch has been begun. There were 308 business failures in the United States last week, 50 more than the week previous. Blumberg Bros., of Westminster, Md., have assigned. Fielder G. Jones, a grocer of East 21st street, Baltimore, Md., has made an assignment for the benefit of creditors. On Monday Mabley & Co., one of the leading retail clothing firms of Detroit, Mich., filed a chattel mortgage for $150,000 to the Union Trust Company, as sureties for their creditors. A blanket mortgage covering the entire stock of clothing, boots and shoes, men's furnishings, etc., was also made to the same company. For a number of years they had a large store in Baltimore, Md., known as Mabley & Carew. SALISBURY, MD., Nov. 23.-C. E. Harper, jeweler, executed a deed of trust today to H. L. D. Stanford for the benefit of his creditors. Assets, $2,000. Liabilities, $2,000. The Ohio Iron Company's furnaces and rolling mills, in Zanesville, the largest iron works in Eastern Ohio, shut down Tuesday owing to lack of orders. A Concord, N. H., despatch gives a list of twenty-two savings banks of New Hampshire which have failed in the last eighteen months, with deposits of over $17,000,000, and says that of this amount $4,500,000 will be lost to depositors. The plant of the Streator, Ill., Street Railway Company has been closed, owing to the foreclosure of a mortgage for $160,000. The Davies County Savings Association, of Gallatin, Mo., has assigned. Liabilities, $109,000; assets about $169,000.


Article from The Diamond Drill, November 28, 1896

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Article Text

CLOSED ITS DOORS. Gallatin (Mo.) Bank, Scene of the First James Brothers' Raid, Suspends. Gallatio, Mo., Nov. 25.-The Daviess County Savings association, the oldest banking institution in this county, closed its doors Tuesday morning. Liabilities, $109,000; assets about $169,000. Depositors will be paid in full. T. B. Yates and Milt Ewing are assignees. The bank was founded by Col. J. B. MeFerrin and is noted ns being one of the first to be raided and robbed by the James brothers. This was in December, 1869, when they killed the cashier, Capt. John Sheets.


Article from The Ely Miner, December 2, 1896

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Article Text

THE NEWS. Compiled From Late Dispatches. DOMESTIC. The visible supply of grain in the United States on the 23d was: Wheat, 59,971,000 bushels; corn, 18,150,000 bushels; oats, 12,208,000 bushels; rye, 2,657, 000 bushels; barley, 6,146,000 bushels. Mrs. Casper Laboy, of Nesquehoning, Pa., was stabbed to death and her husband fatally slashed by robbers. At Delmont, Pa., John Tarr, aged 25 years, shot and killed his wife and then committed suicide. They were not liv. ing together. Patrick Meagher, a justice of the peace at Gilberts, III., and his mother were suffocated by coal gas at their home. A temporary prison at Mena, Ark., was burned and Tom Casey and H. Hopkins, confined for disorderly conduct, perished in the flames. Miss Clara Barton, president of the Red Cross society, in her report of the work of the Armenian relief expedition in Asia Minor says that 50,000 Armenians will starve unless helped by May 1. The report of Gen. J. C. Breckinridge, inspector general of the army of the United States, speaks highly of the army as being in as good condition in respect to instruction, discipline, equipr ent and supplies as ever before in its history. For the first time in nearly 20 years the national republican party closed the campaign with all its debts paid and a surplus of $100,000 in its treasury. At Weir, Mass., Frederick Luther. an electric fireman, shot his boarding mistress, Mrs. Abby F. Barber, and then killed himself. No cause is known. Mrs. F. A. Walker and her daughter Mabel and Mary Overland. a domestic, were fatall, burned in Minneapolis by the overturning of a gasoline lamp. Mably & Co., one of the leading retail clothing firms in Detroit, failed for $400,000. The Dakota national bank of Sioux Falls, S. D., closed its doors with liabilities of $230,000. The board of publication of war records has submitted its annual report to the secretary of war. This work has been in progress for 21 years and is about completed. It has cost thus far $2,334,328. Seven sophomores of Princeton (N. J.) university have been suspended for the part they played in the hazing of 11 freshmen. Twenty-six banks in eastern and southeastern Nebraska have been burglarized with losses amounting to over $30,000 within the past two months. It is officially announced that Troop A, Ohio national guard, of Cleveland, will act as the military escort of President-elect McKinley at the inauguration ceremonies in Washington. Alf and Bob Holly brothers) were killed at a negro cake walk at Selma, Ala., by the Hayes brothers, Henry and Jack. A disastrous prairie fire swept over the Seminole country near Rochelle, O. T., and 16 persons were burned to death. The Davies county savings association at Gallatin, Mo., an old banking institution. closed its doors. Joseph Green and Mike Inhofer, two West Newton (Minn.) farmers, were killed instantly by the explosion of a thrashing engine. Rev. James Miller, pastor of Grace Methodist church at Bloomington, III., was murdered in Decatur, where he had gone to visit his son. Robbery was the motive. The differences between the window glass workers and the manufacturers, which has kept the factories of the country idle since May 30, were settled at a conference in Pittsburgh and 15,000 men will be at work again December 15. Baltimore Methodists erected a bronze tablet to mark the site of the Lovely Lane meeting-house, where the Methodist Episcopal church was organized in 1784. Mrs. Swearnier, the wife of a rancher living in Lewis county, Wash., cut the throats of her three little girls, aged respectively five years, three years and nine months, and then used the knife on herself. She was insane. The body of the late George W. G. Ferris, inventor of the Ferris wheel, was cremated at Pittsburgh in accordance with a request made by him before his death. Fire destroyed five of the best business houses in Atlama, Tex., the loss being $100,000.


Article from Warren Sheaf, December 3, 1896

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THE NEWS. Compiled From Late Dispatches. DOMESTIC. The visible supply of grain in the United States on the 23d was: Wheat, 59,971,000 bushels; corn, 18,150,000 bushels; oats, 12,208,000 bushels; rye, 2,657, 000 bushels; barley, 6,146,000 bushels. Mrs. Casper Laboy, of Nesquehoning, Pa., was stabbed to death and her husband fatally slashed by robbers. At Delmont, Pa., John Tarr, aged 25 years. shot and killed his wife and then committed suicide. They were not living together. Patrick Meagher, a justice of the peace at Gilberts, III., and his mother were suffocated by coal gas at their home. A temporary prison at Mena, Ark., was burned and Tom Casey and H. Hopkins, confined for disorderly conduct, perished in the flames. Miss Clara Barton, president of the Red Cross society, in her report of the work of the Armenian relief expedition in Asia Minor says that 50,000 Armenians will starve unless helped by May 1. The report of Gen. J. C. Breckinridge, inspector general of the army of the United States, speaks highly of the army as being in as good condition in respect to instruction, discipline, equipE ent and supplies as ever before in its history. For the first time in nearly 20 years the national republican party closed the campaign with all its debts paid and a surplus of $100.000 in its treasury. At Weir, Mass., Frederick Luther. an electric fireman, shot his boarding mistress, Mrs. Abby F. Barber. and then killed himself. No cause is known. Mrs. F. A. Walker and her daughter Mabel and Mary Overland. a domestic, were fatall, burned in Minneapolis by the overturning of a gasoline lamp. Mably & Co., one of the leading retail clothing firms in Detroit, failed for $400,000. The Dakota national bank of Sioux Falls, S. D., closed its doors with liabilities of $230,000. The board of publication of war records has submitted its annual report to the secretary of war. This work has been in progress for 21 years and is about completed. It has cost thus far $2,334,328. Seven sophomores of Princeton (N. J.) university have been suspended for the part they played in the hazing of 11 freshmen. Twenty-six banks in eastern and southeastern Nebraska have been burglarized with losses amounting to over $30,000 within the past two months. It is officially announced that Troop A, Ohio national guard, of Cleveland, will act as the military escort of President-elect McKinley at the inauguration ceremonies in Washington. Alf and Bob Holly brothers) were killed at a negro cake walk at Selma, Ala., by the Hayes brothers, Henry and Jack. A disastrous prairie fire swept over the Seminole country near Rochelle, o. T., and 16 persons were burned to death. The Davies county savings association at Gallatin, Mo., an old banking institution, closed its doors. Joseph Green and Mike Inhofer, two West Newton (Minn.) farmers, were killed instantly by the explosion of a thrashing engine. Rev. James Miller, pastor of Grace Methodist church at Bloomington, III., was murdered in Decatur, where he had gone to visit his son. Robbery was the motive. The differences between the window glass workers and the manufacturers, which has kept the factories of the country idle since May 30, were settled at a conference in Pittsburgh and 15,000 men will be at work again December 15. Baltimore Methodists erected a bronze tablet to mark the site of the Lovely Lane meeting-house, where the Methodist Episcopal church was organized in 1784. Mrs. Swearnier, the wife of a rancher living in Lewis county, Wash., cut the throats of her three little girls, aged respectively five years, three years and nine months, and then used the knife on herself. She was insane. The body of the late George W. G. Ferris, inventor of the Ferris wheel, was cremated at Pittsburgh in accordance with a request made by him before his death. Fire destroyed five of the best business houses in Atlama, Tex., the loss being $100,000.


Article from The L'anse Sentinel, December 5, 1896

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. Willis L. Moore, chief of the weather bureau, says in his annual report that timely warnings of all severe storms likely to cause injury to shipping were sent to all maritime stations and resulted in almost incalculable benefit. The average percentage of verification of the bureau's forecasts during the year was 82.4 per cent., an improvement of 2.4 per cent. over that of last vear. An unknown man and woman who registered as George Wilson and wife were found dead in their ped in a room the Standard hotel in New York, having been suffocated by illuminating gas. The visible supply of grain in the United States on the 23d was: Wheat, 59,971,000 bushels; corn, 18,150,000 bushels; oats, 12,208,000 bushels; rye, 2,657, 000 bushels; barley, 6,146,000 bushels. Mrs. Casper Laboy, of Nesquehoning, Pa., was stabbed to death and her husband fatally slashed by robbers. At Delmont, Pa., John Tarr, aged 25 years, shot and killed his wife and then committed suicide. They were not livtogether. Patrick Meagher, a justice of the peace at Gilberts, III., and his mother were suffocated by coal gas at their home. A temporary prison at Mena, Ark., burned and Tom Casey and H. Hopkins, confined for disorderly conduct, perished in the flames. Miss Clara Barton, president of the Cross society, in her report of the work of the Armenian relief expediin Asia Minor says that 50,000 Armeniaus will starve unless helped by May 1. The report of Gen. J. C. Breckinridge, inspector general of the army of the United States, speaks highly of the army as being in as good condition in respect to instruction, discipline, equipent and supplies as ever before in its history. For the first time in nearly 20 years he national republican party closed the campaign with all its debts paid and surplus of $100.000 in its treasury. At Weir, Mass., Frederick Luther, an electric fireman, shot his boarding mistress, Mrs. Abby F. Barber, and then killed himself. No cause is known. Mrs. F. A. Walker and her daughter Mabel and Mary Overland, a domestic. fatall, burned in Minneapolis by the overturning of a gasoline lamp. Mably & Co., one of the leading retail clothing firms in Detroit, failed for $400,000. The Dakota national bank of Sioux Falls, S. D., closed its doors with liabilities of $230,000. The board of publication of war records has submitted its annual report to the secretary of war. This work has been in progress for 21 years and is about completed. It has cost thus far $2,334,328. Seven sophomores of Princeton (N. university have been suspended for the part they played in the hazing of 11 freshmen. Twenty-six banks in eastern and southeastern Nebraska have been burglarized with losses amounting to over $30,000 within the past two months. It is officially announced that Troop Ohio national guard, of Cleveland, will act as the military escort of President-elect McKinley at the inauguration ceremonies in Washington. Alf and Bob Holly brothers) were killed at a negro cake walk at Selma, Ala., by the Hayes brothers, Henry and Jack. A disastrous prairie fire swept over the Seminole country near Rochelle, O. and 16 persons were burned to death. The Davies county savings association Gallatin, Mo., an old banking instituclosed its doors. Joseph Green and Mike Inhofer, two West Newton (Minn.) farmers, were killed instantly by the explosion of a thrashing engine. Rev. James Miller, pastor of Grace Methodist church at Bloomington, III., was murdered in Decatur, where he had gone to visit his son. Robbery was the motive. The differences between the window glass workers and the manufacturers, which has kept the factories of the counidle since May 30, were settled at a conference in Pittsburgh and 15,000 men will be at work again December 15. Baltimore Methodists erected a bronze tablet to mark the site of the Lovely Lane meeting-house, where the MethEnisconalchurch in


Article from The Pioneer Express, December 11, 1896

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cago. W. FL Smock of Decatur, III, was assaulted and robbed of about $100 and left for dead, by some tramps near the National Stock Yards, in St. Louis. Delbert E. Mitten, messeager for the American Express company, was arrested at Niles, Mich. and Is charged with stealing $2,000 from the company. The state's attorney, at Peoria, III, nolle prossed the indictment of Simon Shaffer of Chicago, ex-representative in the legislature, who was indicted for attempting to get money from Peoria distillers to influence legislation. The timely arrival of the po lice prevented a riot atan Armenian meeting at Lynn, Mass. The meeting was an attempt to amalgamate two branches of the Hechagist revolutionary society, an Armenian organization. Anthony Korel, ex-president of the West Side bank bearing his name, and which collapsed last May, pleaded guilty at Chicago, to larceny, and was given an indetermir ate sentence in the penitentiary. A committee of investigation has found that great cruelty is practiced in the Waterbury, (Vt.) insane asylum. Ira Marlatt, known as the demon of the Ohio state prison, attacked Warden Coffin and four guards with a knife. Foreign Gessip. Russia has caused suspicious ill feeling in England by helping the starving Hindoos. The protection fever has seized the Conservative and Unionist parties in England. A cable from Genoa, Italy, announced the death of Gov. Frazer of New Brunswick. Archbishop Langevin of Winnipeg in a sermon denounces the terms of the school settlement. Mrs. Maybrick, it is believed, will be released from her English prison within a year. Louis Levi, who, after having been convicted of perjury in Pittsburg, escaped to Montreal, has been, arrested and remanded for a week. The death of Gen. Riva Palacio, the Mexican minister to Spain, is announced in Madrid. He had been sick for some time past. The bishop of Orleans, having declined the post, Pere Olivier has been appointed to succeed Mgr. d'Hulst in the pulpit of Notre Dame, Paris. A delegate convention of the Monongahela river miners was held at Monongahela City and decided not to accept the rate offered by the operators. The Columbian liberty bell enjoys the distinction of having a receiver. Judge Gibbons of Chicago appointed the American Trust and Savings banks to take charge of the bell. Mrs. U. F. Braun of Chicago has been appointed by the national W. C. T. U. to represent that organization at the Scandinavian temperance congress to be held at Stockholm next summer. Five hundred employes of a warehouse company in Bremen have gone on a strike. The strikers demand 3½ marks per day, instead of 3 marks, which they have been receiving. Mr. Hess, proprietor of the Joahnnesburg Critic, has received a cable dispatch in London saying that the whole staff of the paper has been arrested by the Boer authorities under the provisions of the new press law. The third annual conference of the International League of the National Building association opened at Denver, Col. About fifty delegates, representing seventy national associations, were in attendance. The Lafayette college faculty of Easton, Pa., at its meeting, suspended Sophomores Hern and Brown for hazing freshmen three weeks ago. It also found that there was no hazing in the Payne whisker cutting affair, as it was learned that Payne willingly participated in it. Miscellaneous. The wire nail trust has collapsed. Washington has a scandal which is agitating society people and clubmen. While exploring an onyx cave near Mansfield, Mo., a party of hunters unearthed four human skulls. The Alabama senate has passed a bill permitting women to practice law in all of the courts of Alabama. The Davies County Savings Association of Gallatin, Mo., an old and reliable banking institution, closed its doors