10214. Farmers Exchange Bank (Gallatin, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 4, 1926
Location
Gallatin, Missouri (39.914, -93.962)

Metadata

Model
gpt-5-mini
Short Digest
dcf0e3b3

Response Measures

None

Description

The Farmers Exchange Bank (Gallatin, MO) was placed in the hands of the Missouri Finance Commissioner by resolution of its board on March 4, 1926 because of frozen assets. A receiver (J. N. Martin) was later appointed and the bank did not resume operations; extensive irregularities and insolvency were reported. There is no clear contemporaneous description of a depositor run on the Gallatin bank itself (runs are described at nearby Jameson as a consequence), so this is classified as a suspension leading to permanent closure/receivership.

Events (3)
1. March 4, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank board placed bank in hands of state finance commissioner because of 'frozen assets' and suspected insolvency/illiquid and unsound loan portfolio.
Newspaper Excerpt
At a meeting of the Board of Directors, Farmers Exchange Bank, Gallatin, Missouri, 5 o'clock p. m. March 4, 1926, a resolution was passed placing this bank in the hands of the commissioner of finance, State of Missouri.
Source
newspapers
2. April 10, 1926 Receivership
Newspaper Excerpt
Settlement of the bank's affairs by J. N. Martin ... resigned bank examiner to become receiver ... and articles (Apr 10, 1926) describing receiver Martin investigating irregularities and indorsed/sold notes over $300,000 uncovered.
Source
newspapers
3. July 25, 1926 Other
Newspaper Excerpt
NOTICE TO CREDITORS THE FARMERS EXCHANGE BANK ... Date March 25, 1926 ... make proper proof thereof within four months ...
Source
newspapers

Newspaper Articles (13)
1. March 6, 1926 The Chillicothe Constitution-Tribune Chillicothe, MO
Article from The Chillicothe Constitution-Tribune, March 6, 1926

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FARMERS BANK OF JAMESON CLOSED BY ORDER OF THE BOARD OF DIRECTORS Ran on the Institution Following the Closing of the Farmers Bank at Gallatin Given as Cause JEFFERSON CITY, March The seventh bank failure since the first of the year was recorded here today when the Farmers Bank of Jameson, county, reported to dor the finance commissioner the Institution had closed its doors. The bank was closed by order of the board of directors after the farmers for miles around waited in line to draw out their money. Depositors are said to have been alarmed by the closing yesterday of the Farmers Exchange Bank of Gallatin with resources of million dollars. The Jameson bank has capital stock of $15,000. "Frozen" loans are attributed to the closing of the Farmers Exchange Bank of Gallatin according to information reaching the finance commissioner's office at Jefferson City. Feurt is president and W. Johnson cashier of the institution.

2. March 7, 1926 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, March 7, 1926

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BANK AT JAMESON, MO., IS CLOSED WHEN RUN STARTS It Had Deposits of ond Bank in County to Close in Two Days. JEFFERSON CITY. March When depositors of the Farmers' Bank of Jameson. Daviess County, started a run on the bank today to withdraw their deposits, the Board of directors ordered the bank closed and telegraphed the Finance Department to take charge of the bank. The finance department stated the run on the bank apparently was due to the failure yesterday of the Farmers' Exchange Bank of Gallatin, Daviess County, about miles from Jameson. The Farmers' Exchange Bank of Gallatin, one of the oldest country banks in Northwest Missouri, had total resources of approximately The failure clared to be due to slow and collectible The Bank the closed the of the year and the fourth closed this week. It last report to the nance department. on the Dec. 31 banking showed total of deposits bills cash hand and from other plus, undivided Hospital's Report on Cases The number of children cured of deformities the Shriners' Hospital for Crippled Children in Louis, since opened in increased to at the end of there having discharged during that with 36 during January, which holds in that children were admitduring against 33 in and the time of the report there were 101 pain the institution. the the end of the premonth. The waiting list increased by nine Feb- Liquors in Germany. March that and liquors are a the Breslau of Appeals has reversed decision of which refused to fine the owner of The liquors and the law

3. March 10, 1926 Worth County Tribune Grant City, MO
Article from Worth County Tribune, March 10, 1926

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Attend Special Conference. Rev Mrs. Arthur S. Olsen and Mr. and Mrs Clark Gardner drove to Joseph vesterday where they attended called session of the MisM. E conference. The devoted its time to World Service. Gallatin Bank Failed. The Farmers Exchange Bank at Gallatin was closed Thursday by der of its board of directors Total resources near million dollars R E Shelby, state bank examnier is in charge It's closing forced a run the Jameson bank which closed the the week It's resources were

4. March 11, 1926 Stanberry Herald - Headlight Stanberry, MO
Article from Stanberry Herald - Headlight, March 11, 1926

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VOLUME ONE HUNDRED CASES ON MARCH DOCKET March Term of Circuit Court to Open Next Monday March 15, Under John M. Dawson. One hundred cases are the Circuit Court docket for the March term, which opens under Judge John M. Dawson next Monday. this only are on criminal docket, while are the civil docket. of the docket appears in this issue and the balance of the docket will appear next week. The docket as follows: State of Missouri Jack Jones, parole. Same Charley Bell, parole. Same Sayle Robertson, change venue from Worth County. Same Jacob Cogdill and Elmer Brown, grand larceny. Same Jacob Cogdill, manufacture intoxicating liquor. Same Charles Bell, grand larceny. Same George Shepherd, appeal from Court. Same Newman Estes, change of venue from DeKalb County. Same Herschel Cooper, scire cias. Same John Robertson, change of venue from Worth Co. Same John Robertson, change of venue from Worth Co. Same E. Robertson, change of from Worth venue Same John Robertson, change of venue from Worth Same Charles Keever and Chas. change of venue from AtchiCounty. Same Charles Gross al change of venue from Atchison Co. Same Charles Gross change of venue from Atchison Co. Same Charles Gross change of venue from Atchison Co. Same vs Charles Gross al change of venue from Atchison Co. Lester M. Robison James H. Edgell, damage. James McMillen Wabash Railway Co., damage. Collins McPineron suit bond. John Morrison City of Albadamage. Samuel Kiser W. Moore, damage. John Austin, Admr., Birt Austin, attachment. Bank of Albany Ross Allenbrand and Pearl Allenbrand, attachment. Collins, Admr., vs Samuel H. Beard, attachment. Ollie Adams Amanda Wetig al, partition. Hazel Gillespie et al Samuel Setzer, partition. M. Butler John Butler al, partition. Regina Lawnick al vs Anna Schultz partition. Birt Austin John C. Austin partition. Etta Nicholson al Wm. Rigney et partition. Bishop Peery Helen Peery Hurley E. Peery et partition. William Benton Evans, Jr., William Benton Banks, partition. William Roberts W. Lile, appeal from Court. James H. Duncan Elizabeth Whitmore, suit note. Citizens National Bank of Santa Rosa Claud Gromer, suit on note. Lucy Black Anderson suite on note. Sager, Exc., S. A. GreenS. Greenwell, suit on note. Sager, Exc., and W. Greenwell, suite note. Farmers Mechanics Bank et al Ben Wirth, suite note. Ray Murphy Wade Waysuit note. Mrs. Elizabeth Shelby vs Long, Ellis and Mrs. Stam, suit on note. Lumber Co., Neal and Clara Neal, defendants, and Ford Investment garnishees. Garnishment proceedings. Lumber Co., R. Neal and Clara Neal, defendants, and Ford Investment Co., garnishees. George Morton W. Butler et recovery property. The Rawleigh suit note. Lockwood The City of Stanberry, suit collect attorney Sharples Separator Co. Smith, doing business Albany suit on account. Tracy Danner, suit note. Veeders James Bickel, fraud. Stevenson same, fraud. Harry Robbins vs same, faud. Opal M. Robbins same. fraud. Hunt same. fraud. Sarah Fillman vs same, fraud. Hester Proffit same, fraud. Effie Proffit same, fraud. Phipps and M. Phipps Henry Johnson fraud. Ray and Cecilia McMinds fraud. Hughes fraud. Farmers Bank John Wayman and Wayman. change venue from Mercer (Continued on back FOR SALE draft Trusty Phone 11-1t TAKEN TO THE PENITENTIARY A famous detective once said never statement was borne out last week, when Sheriff Paul Brown went Omaha and returned last Friday with Herschel Cooper, who was for grand larceny. Cooper, who about years old, and whose home was north McFall, sentenced to two years the penitentiary at the March of circuit court, about five years He appealed the case and was out $2,000 bond. The Supreme Court several months ago affirmed that cision of the Circuit Court. and was then Cooper "jumped his bond." His father, Jas. Alvin Whitton, Davis and Frank Lupfer, of the McFall neighborhood, on the bond and would probably have been paid at this coming term of court. reward of $200 had been offered for his arrest. One week ago, Sunday, Cooper wired from Omaha for $15, stating he wanted to come back to Albany. Sheriff Brown went to Omaha that night and spent two days there, watching bank for his appearance. Cooper did not appear at the bank until two days after Sheriff Brown returned home, and he was then ken into custody. When the Gentry sheriff county went Omaha, he had to be back Albany the following day for land sale, which necessitated trip. Immediately after the land sale last Friday, he left for Jefferson City and at three o'clock Saturday morning, Cooper was behind the bars of the The chief of detectives at Omaha refused release Cooper until Sheriff Brown turned over the $200 reward, and did this in spite of the fact that Sheriff Brown gave them all of the information that led to Cooper's arrest. PLAY BIG PART IN FILM Tom star the Fox Films production, Own has amopportunity to display his daring horsemanship and his skill with the dope in this altogether different tern. This thrilling film comes the Princess Theatre tomorrow and Saturday for two days' run. In it, he Tom O'Hara, who comes to the city in search of thrills and joins the police. this character, Tom puts Tony, his horse, through all his tricks for the benefit of his fellow police officers and shows how handy rope can come when crooks are to be apprehended and tied fast until further notice. But he does not use his rope clusively for the capture of thieves gains his way into the force because he has saved the niece of the chief from being injured runaway accident. Vivacious little Olive Borden selected to play Mr. Mix opposite this production. Little Virginia Marshall cast his Jill. Othin the cast are Tom Santchi, Tom McGuire, Bardson Bard, Jacques Rollens and Helen Lynch. LATE CORRESPONDENCE This paper forced omit eral groups of country correspondence that reached the office late yesterday afternoon. There are other items also left out, due to their late arival We yesterday. must insist that this news reach the office later than Tuesday sure its publication. The news has necessarily been" omitted until next week. INJURED IN FALL Mrs. Martha Vogt fell at her home last Thursday evening. shortly after o'clock and was seriously injured. There were bones broken, the injury sufficient Mrs. Vogt an unusual of pain. She resting very comfortably her home now. BOARD TO MEET The Board of Equalization for Gentry County will meet at Albany on Monday, April All persons having grievances are urged to be present at this meeting of the board. FOR SALE modern bungalow, modern, except heat; three lots; garage; chicken house. Phone MRS. CLYDE BUTTERBAUGH HOUSEHOLD GOODS SALE Of the goods of the late Miss Florence Allen. in the city Saturday. March 20. Frank Exr. FOR SALE Martin strain White Wyandotte eggs, per baby chicks 13c farm. Summa, Gen18-4t-p BERRY DEAD After lingering illness Edward Berry died at his home in Stanberry Saturday. He suffered stroke of paralysis short time and his condition gradually grew worse until death claimed him. The following obituary has been handed this office: Edward Berry was born Galesburg, III., March 1858, and lied Stanberry, Mo., March 1926. 67 months and four years, days old. He moved with his parents from Galesburg Henderson, Iowa, and from that place moved Mt. Pleasant, where his family lived farm for several He had years. tinued to make Gentry county his home. He united in marriage to Elizabeth Sager in 1885 and to this four children were born. They union William Berry of Walnut Park, Calif., Frederick Berry Mrs. Amie Pearl Lajoie Stanberry, and Sadie, who died of Stanberry, when she was eight years old. Christian church at He joined March 1908, under Mt. Zion on of Evangelist Wolf. the preaching Berry died on September 1909. married to Bola Lucille He was Shisler August 1912, and she, with three children one Mrs. Erma Talmadge, step-daughter, and host of friends of Stanberry, left to mourn his death. services were held The funeral the Christian Church Sunday after2:30 o'clock, conducted by noon Elder Dugger. Interment was Mt. Zion The funthe conducted by the Penningwas Undertaking Co. the dead, which die the Lord. From henceforth saith the that they rest from spirit, may their labors and their works do them." DAVIESS COUNTY SUFFERS Daviess County undergoing series bank failures that will much The doubtedly cause Farmers Exchange Bank of Gallatin, with total resources of almost $1,000000,000 closed last Thursday. The Farmers Exchange Bank Jameson closed its doors last Friday. The two banks under the management. The Bank of Jameson closed its doors the first of this week. That county has had an run bank failures within the past years. OPERATION Mrs. Chas. Masterson, of Roodhouse, III., taken Sunday to the Missouri Methodist Hospital in St. Joseph and that night underwent major performed by Dr. Schmidt. Her condition very now. She was companied by her husband and by Crockett. Mr. and Mrs. Masterson had been here to attend the funeral of his sister, Miss Margaret Masterson. POORLY ATTENDED The Chamber of Commerce meeting called for Monday night was poorly attended. only one dozen men appearing at the hall. Due to the illness Harden, and to the fact that there was no present, there no meeting. meeting has been called for Monday night, March 22, and earnestly hoped that there will be full attendance of this body. GET A FOUNTAIN You can secure automatic water fountain for baby chicks with each 25-pound sack of Wonder Chick Feed. We also handle Chamberlain's and Southards chick feeds. Phone 168. A. VOGT POULTRY CO. 4-2t SEED CORN FOR SALE Reid's Yellow Dent and Golden Beauty seed corn for sale at $2.50 per bushel. Come and see it while lasts. Guaranteed strong germination. WILL N. WRAY. 4-tf. Guilford, Mo. INJURED IN ACCIDENT Will Arnold received word yesterday that his brother, Ralph Arnold, seriously injured in railway accident Florida last week. One his legs was cut off the accident. Mr. Arnold been running train Florida. GOT 20 YEARS Troy Pettit has had 20 years experience paper hanger and cleaner. EGGS FOR SALE eggs, cents for setting 15. Call 95. Andrew LOST steer calf. Phone Boat- Friday Saturday. Adv. SHARP WILLIAMS. For Poland mowing sows, machine, hay rake, 2-section harrow. TELLS OF COUNTY Judge Grantham, Jefferson City last week before the State Tax Commission, gave some of the information he gathered before that body. The valuation of Gentry county decreased $2,000,000. Of this amount, over real estate and the remainder personal property. Gentry county has the valuation of the ties bordering this locality. $53. county has $56, and DeKalb counties, each have and Nodaway county has approximately $80. The of this purpose meeting for county judges the present commission complaints of their valuations. This board makes dations the State Board of Equalization. The board composed of Waddill, and Forrest Smith. Judge Grantham said last Saturday he believed the valuation of Gencounty would be left now He told the board that all of the best land of Gentry the county drainage district and that difficult the taxes pay present on the land. The three men, sitting as the board, felt that the valuation of this county should be raised. SEVERAL PUBLIC SALES W. Bosch advertises public sale at the Hawkins farm, in McCurry, on Tuesday, March There will head of livestock, including 10 head of horses and mules, two cows and nine head hogs. There will some grain and hay and farm implements. Col.Merritt Miller will cry the sale. Bell will hold sale at the Marion Clemons farm, Island City, next Wednesday. There will head of mules, some grain and hay and some farm implements. Ray Moran his last sale the season to be held at his barn King City, Saturday. There will be 35 head of farm horses and and he offering good lot of stock. Wells advertises postponed public sale for next Monday, March 15, his farm miles southwest Stanberry. All of these ads. appear in this week's issue. ORDINANCES Anyone selling milk or its products in the City of Stanberry, Missouri, must have all cows tuberculin tested at least every twelve months and certificate of test filed with the city clerk. Each and every sale of milk or its products by anyone not complying with this ordinance, shall be construed as separate offense and upon conviction shall be subject to fine of $2.00 for first offense and $10.00 for each additional offense. This ordinance is not construed by the Board of Aldermen to apply to milk or its products sold to the FarmExchange or Vogt Poultry Co., for 4-2t. AIDED IN FOUNDATION Prof. Carl Bose recently ceived certificate of membership the Jefferson Memorial Foundation The local high school students tributed funds toward raising of the debt at Monticello, Jefferson's home. There will be record in the home of all those contributed and the the Stanberry High School will the The tificate sent Prof. Bose has for its facsimile of the Declabackground ration of Independence. The certificate will be framed and put in the study hall. THE "PEN" IS CROWDED Sheriff Paul Brown, who returned Sunday from taking prisoner to Jefferson City, there are 3283 says now within the walls of the persons state penitentiary. This high mark and 200 more than January The women prisoners have been removed to one of the farms, and even with their quarters, the penitentiary is crowded. MOVED TO Mr. and Mrs. Rodgers moved to Clio, Iowa, where they plan live farm. Mr. and Mrs. Grover Hughes have also gone there live. Mrs. Hughes was the efficient linotype operator at the Advooffice for several years. SEED CORN High class, Reid's Yellow Dent seed for sale, in the ear reasonable See or call Cyrus prices. Miller or Robert Stanton at King City, SALE In the city Saturday afterMarch Col. Merritt Miller, auctioneer. Mrs. 11-1t. FOR RENT 5-room house, block west Methodist Church. Phone 11-tf EGGS FOR SALE Plymouth strain. Phone 261. WENT TO Coach Carl Bose and seven of his basket ball team went yesterday to Maryville, where they start today the basket tournament staged there. Besides Coach Bose, Miller, Shanabarger, Grantham, Hines, A1len, Newcomb and Hagey, made the Drawings for the made this morning and Mr. Bose said yesterday thought likely Stanberry would play very game this afternoon. DR. BUCHER Eyesight Specialist will make his regular trip to Stanberry. Tuesday and Wednesday, March 16th and 17th. See him for dependable optical SEED CORN FOR SALE About 200 bushels Reid's Yellow Dent seed guaranteed. $3.00 corn. bushel. per MONEY TO LOAN Plenty of money to loan cent. See us McCARTY FARM LOAN CO. TO 200 hogs, weighing from 125 Call Marion 4-tf WALL PAPER showing, and prices. FOR SALE Red River Ohio seed Phone How your

5. March 11, 1926 The Lathrop Optimist Lathrop, MO
Article from The Lathrop Optimist, March 11, 1926

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NOBODY IN JAIL If you would go to the DeKalb county jail door now, open the door and yell, "Do you fellows want out of here." or something of that kind you would not get any answer. Why not? Because the DeKalb county jail is now empty. This article is being written Friday afternoon. and it is true at the time it is written-DeKalb County Herald. Farmers Exchange Bank in the Hands of the State Finance Department The Farmers Exchange Bank of Gallatin was placed in the hands of the commissioner of Finance, State of Missouri, late this afternoon. The following notice was posted on the front door, and reads as follows: "At a meeting of the "Board of Directors," Farmers Exchange Bank, Gallatin, Missouri, 5 o'clock p. m. March 4. 1926, a resolution was pas sed placing this bank in the hands of the commissioner of finance. State of Missouri the Hon. C. E. French Ths was done by order of board of directors, this date at 5 o'clock p. m. March 4. 1926." The notice was signed by Homer Feurt, president and R.V. Thompson secretary, of the board of directors. The Farmers Exchange Bank is one of the oldest and largest country banks in Northwest Missouri. Frozen assets is said to be the cause of the failure.

6. March 18, 1926 The Ridgeway Journal Ridgeway, MO
Article from The Ridgeway Journal, March 18, 1926

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DAVIESS COUNTY SUFFERS According to our exchanges in that county, Daviess county is undergoing a series of bank failures that will undoubtedly cause much suffering. The Farmers Exchange Bank of Gallatin, with a total resources of almost $1,000,000.00 closed its doors on the preceding Thursday. The Farmers bank at Jameson closed its doors on Friday of the same week The two banks were under the same management. The Bank of Jameson closed its doors the first of last week. That county has had an unfortunate run of bank failures in the past few years.

7. March 18, 1926 The Atchison County Journal Rock Port, MO
Article from The Atchison County Journal, March 18, 1926

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DAVIESS COUNTY SUFFERS Daviess county is undergoing a series of bank failures that will undoubtedly cause much suffering. The Farmers Exchange Bank of Gallatin, with total resources of almost $1,000000,000 closed list Thursday. The Farmers Exchange Bank at Jameston closed its doors last Friday. The two banks were under the same management. The bank at Jameston closed its doors the first of this week. That county has had an unfortunate run of bank failures within the past few years.

8. April 10, 1926 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, April 10, 1926

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FIND INVESTORS SOLD THEM in Farmers' Irregularities Exchange Bank of Gallatin Prove Amazing to the Receiver. PAY BACK ONLY CENTS ON DOLLAR Cashier Seeks to Establish Himself ElsewherePresident Doubts CrimActs. GALLATIN, Mo., April positors and customers of the Farmers' Exchange Bank by its directors month ago because of "frozen asbeginning to find out instead of ultimately getall of their back first they may get as 10 cents on the dollar The bank's of retired business men and widows who trusted their investments to the discovering that instead of good first mortgage notes the bank sold them second mortgages in many and in other cases merely unsecured and worthless paper. Amazed Irregularities. the bank's affairs Martin resigned bank examiner become has not progressed to the point where can an adequate estimate the affair will but he frankly admits he is amazed regularities coming all tending to erase whatever chances depositors or customers had of alizing much. Indorsed and sold uncovered date total more and constitute liability against the bank that appeared in published statements. Even the correspondent banks Kansas City are finding their loans to the Farmers' Exchange Bank not secured by collateral quality they thought Notes owned the bank here he and put Kansas City were accompanied the usual showing the assets and the note makers Many Suits Expected. But in makers of the notes in many that their assets are not great as they represented. and their liabilimore although the statements purported be signed by farmers and business men and by bank officials Attorneys the receiver pected avalanche of suits to file and suits to defend. Martin, the receiver, has four but the fee will be paid to divided them. among The attorneys are Arthur M. Hyde, forB. Prosecuting Attorney of County: Joshua W. Alexander and Boyd Dudley. Homer Feurt. president of the defunct bank. said yesterday of believe any criminal acts would be found in the bank's transactions and that any irregularities Cashier Absent From Town. Thompson. cashier. is the city. Rumors have persisted that he has gone to Canada to Mexico. Mrs. Thompson questioned today. said she had asked before to husas band's whereabouts and that she thought while the that gossip She showed from husband written and in which he told his for location for the pracof medicine. Mrs. Thompson said she would put bank receiver touch with her husband to ask that might clear some up the seeming Relations With Colorado Bank. Gillihan. speaking as the prosesaid nothing been had put him looking toward but added for the that there some unexplained One thing that being studied the receiver and which brought bank examiner here from transaction this and the Home Bank Rocky Ford. Colo. Thompwas the Colorado bank, weeks The Colorado bank's records been showing Column

9. April 10, 1926 The Kansas City Times Kansas City, MO
Article from The Kansas City Times, April 10, 1926

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IN GALLATIN EXCHANGE DEPOSITORS FARMERS ONLY ON MAY Reveals bility Amazed Irregularities Being Revealed. Mo., April 9.-Depositors the Farmers' Excustomers change Bank of by its directors ago "frozen beginning to find out that there are in fact some particularly spots that have managed to "burn" depositors. Instead depositors ultimately getting all their $621,572 back as they at first they may get as low as cents on the dollar even The of them retired business men and widows who trusted their investments the are discovering that instead good first mortgage notes the bank has sold them second mortgages in many cases and in other cases merely unsecured and worthless paper. SETTLEMENT STILL Settlement of the bank's affairs by Martin Princeton, resigned bank examiner to become receiver, has not progressed to the point where he can make an estimate where the affair will but he frankly admits he amazed irregularities coming light, tending to erase whatever chances depositors stomers had realizing much. The indorsed and sold notes uncovered to date total more than $300,000 and liability against the bank that appeared in published statements Even correspondent banks in KanCity are finding their loans to the Farmers' Exchange Bank cured collateral the quality they thought. Notes by the bank here and In Kansas City were accompanied the the assets and liabilities the notes' makers. ASSETS NOT AS REPRESENTED But who are calling makers the being their assets great and their are although the signed farmers and business men and attested by the bank Attorneys for the said today they expected earn far more than fee they would the indications that would be file and defend Mr suits four attorneys. but only one divided them. The attorneys Arthur former Lewis Gillihan. prosecuting attorney County Joshua and Dudley Homer Feurt president of the de funct today did any would found that any irregularities could explained. CASHIER Dr the city Rumors persisted that had fled Canada Mexico Mrs. Thompson questioned today. said had never been asked before whereabouts and that she had not thought worth while gossip letters from her Texas and which told loca tion said would immediately put the touch ask might clear up the seeming Mr. Gillihan. prose said nothing had put him looking toward any criminal proseattorney for the that knew there were some unexplained circumstances PROBE COLORADO One thing that studied the brought Colorado bank and the People's Home Bank Rocky Ford. Col. Thompson's Victor Thompcashier the Colorado closed two weeks bank's have been showing $20,000 deposit in the Farm Bank here, according Colorado examiner Queries sent returned with the deposit verified. the examiner added Gallatin bank showed more than $300 on de Martin TO TODAY. Be ExpectConnor The clouds would play return today Connor the program would the between and may April shower Temperature would in the

10. April 10, 1926 Linn County Budget-Gazette Brookfield, MO
Article from Linn County Budget-Gazette, April 10, 1926

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LOSS BANK FARMERS EXCHANGE DEPOSITO MAY GET ONLY TEN CENTS ON REVEALS A $300,000 LIABILITY IN INDORSED AND SOLD NOTES-RECEIVER AMAZED AT IRREGULARITES BEING REVEALED Gallatin, Mo., April tors and customers of the Farmers' Exchange Bank of by its directors a because of "frozen beginning to find out all was not "ice," that there are in fact some particularly hot spots that have managed to "burn" depositors. Instead of depositors ultimately getting all of their back as they at first believed, they may get as low as ten cents on the dollar or even less. The bank's of them retired business men and widows who trusted their investments to the discovering that instead of good first mortgage notes the band has sold them second mortgages in many cases and in other cases merely unsecured and worthpaper. Settlement of the bank's affairs by J. N. Martin of Princeton, who resigned as a bank examiner to be come receiver, has not progressed to the point where he can make an adequate estimate as to where the affair will end, but he frankly admits he is amazed at irregularities coming to light, all tending to erase whatever chances depositors or customers had of realizing much. The indorsed and sold notes uncovered to date total more than $300,000 and constitute a liability against the bank that never appeared in published statements. Even the correspondent banks in Kansas City are finding their loans to the Farmers' Exchange Bank are not secured by collateral of the quality they thought. Notes owned by the bank here and put up in Kansas City were accompanied by the usual statements showing the assets and liabilities of the notes' mak+ ers. But investigators who are calling in makers of the notes are being told, in many cases, that their assets are not as great as they were represented, and their liabilities are more, although the statements purported to be signed by farmers and business and attested by the men bank officials. Attorneys for the receiver said today they expected to earn far more than the fee they would get, as the indications were that there be would an avalanche of suits to file and suits to defend. Mr. Martin, the receiver, has four attorneys, but only the one fee will be paid, to be divided among them. The Arattorneys are thur M. Hyde, former governor; Lewis B. Gillihan, prosecuting attorney of Daviess county; Joshua W. Alexander and Boyd Dudley. Homer Feurt, president of the defunct bank, said today he did not believe any criminal acts would be found in the bank's transactions and that any irregularities could be explained. Dr. R. B. Thompson, cashier, is not in the city. Rumors have persisted that he had fled to Canada or to Mexico. Mrs. Thompson, questioned today, said she had never been asked before as to her husband's whereabouts and that she had not thought it worth while to stop the gossip that she knew was afloat. She showed letters from her husband, written in Texas and Oklahoma, in which he told of his search for location for the practice of medicine. Mrs. Thompson said she would immediately put the bank receiver in touch with her husband to ask questions that might clear up some of the seeming irregularities. Mr. Gillihan, speaking as the prosecutor, said nothing had been put before him looking toward any criminal prosecutions, but added, as attorney for the receiver, that he knew there were some unexplained circumstances. One think that is being studied by the bank's which brought a bank examiner here from Colorado, is a transaction between this bank and the People's Home Bank of Rocky Ford, Colorado. Dr. Thompson's son, J. Victor Thompson, was cashier of the Colorado bank, which closed two weeks ago.

11. April 15, 1926 The Pattonsburg Call Pattonsburg, MO
Article from The Pattonsburg Call, April 15, 1926

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Big Loss In Galletin Bank. GALKATIN, Mo., April 9 Depositors and customers of the Farmers' Exchange Bank of Gallatin -closed by its directors a month ago be cause of "trozen assets"-are beginning to find out all was not "iee," that there are in fact some partic ularly hot spots that have manage to "burn" depositors. Instead of depositors ultimately getting all their $521,572 back as they first believed, they may get as low as 10 cents on the dollar or even less. The bank's customers-many of them retired business men and widOWS who trusted their investments to the bank-are discovering that instead of a good first mortgage notes, the bank has sold them second mortgages in many cases, and in other cases merely unsecured and worthless paper. SETTLEMENT STILL UNDER WAY Settlement of the banks affair's by J. N Martin. of Princeton, who resigned as bank examiner to become receiver, bas not progressed to the point where he can make an ad equate as to where the affair will end, but he frankly admits he is amazed at irregularaities coming to light, all tending to erase whatever chances depositors or customers had of realizing much. The endorsed and sold notes un covered to date total more than $300,000. and constitute a liability agaist the bank that never appeared in published statements Even the corresponding banks in Kausas City are finding their loans to the Farmers' Exchange Bank are not secured by the collateral of the quality they thought. Notesowned by the bank here and put up in Kansas City were accompanied by the usual statement showing the assets and libilities of the notes makers. ASSETS NOT AS REPRESENTED But investigators who are calling in makers of notes are being told in many cafes. that their assets are not aa great as they were represont ed, and that their libilitiesare more. although the statement purported to be signed by farmise and business men and attested by the bank officials. Attorneys for the receiver said today they expected to earn far more than the fee they would get, as the indications were that there would be an avalanche of suits filed and suits to defend Mr. Martin, the receiver, has four attorneys, but only one fee will be paid, to be 01vided among them. The attoreys are Arthur M. Hyde, former guvernor; Lewis B Gilliban, prosecuting attorney of Daviess County; Joshua W. Alexander and Boyd Dudley. Homer Feurt, president of the defunct bank, said today he did not believe any criminal acts would be found in the bank's transaction, and that any irreguiarities could be explained. CASHIER STILL OUT OF CITY Dr. R. B. Thompson, cashier, 18 not in the city. Rumors have persisted that he bad fled to Canada or to Mexico. Mrs. Thompson, ques tioned today, said she had never been asked before as to her hus band's whereabouts, and she had not thought it worth hile to stop the gossip that she knew was afloat. She showed letters from her husdand, written in Texas and Oklahoma, in which he told of his search for a location for the practice of medicine. Mrs. Thompson said she would immediately put the bank receiver in touch with her husband to ask questions that might clear up some of the seeming irregularities. Mr. Gilliban, speaking as the prosecutor, said nothing had been put before him looking toward any criminal prosecutions. but added, as attorney for the receiver. that he knew there were some unexplained circumstances. PROBE A COLORADO TRANSACTION One thing that is being studied by the bank's receiver and which brought a bank examiner here from Colorado, is a transabtion between this bank and the People's Home Bank. of Rocky Ford, Col. Dr. Thempson's sou, J. Victor Thomp son. was cashier of the Colorado bank, which closed two weeks ago. The Colorado bank's records have been showing a $2,000 deposit in the Farmers Exchange Bank here, according to the Colorado examiner Queries sent here were returned with the deposit verified, the Colo rado examiner added. yet the records of the Gallatin bank never showed more than $300 on deposit, Martin said.

12. July 15, 1926 The Gallatin Democrat Gallatin, MO
Article from The Gallatin Democrat, July 15, 1926

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NOTICE TO CREDITORS THE FARMERS EXCHANGE BANK Of 1926. Gallatin, Missouri, Date March 25, All persons who may have claims Farmers Exchange Bank, are hereby notified the same signed make proper proof thereof within four months from the above date the banking room of said bank Gallatin, Missouri, and they furdate for senting said proofs will be July 25, 1926. E. FRENCH, Commissioner of Finance the State of Missouri, charge the Property Business Farmers Exchange Bank, Gallatin, Mo. JOSEPH N. MARTIN, Special (36-18) Deputy Commissioner.

13. January 2, 1927 Kansas City Journal Kansas City, MO
Article from Kansas City Journal, January 2, 1927

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This Rural Doctor Became National Figure Alexander M. Dockery, Former Missouri Governor Who Brought Fame to the Town of Gallatin, Wanted Everything Well Done Except His Beefsteak, Which He Took Rare and Plentifully. HEY-the Masons and the neighbors-laid Alexander Monroe Dockery to rest in Edgewood cemetery, Chillicothe, Livingston county, Missouri, last Wednesday And when the epitaph maker reaches Dr. Dockery's tomb well may he epitomize the memorial into one word and that word Success! Dr. Dockery made success of everything he undertook WHATEVER IT DO DONE THE BEEF. IT STEAK THE THING KNOW THAT'S BETTER HALP DONE That was Dr Dockery's motto He ceeded by Every task he ever tackled received from his hands or his brain was little more thoroughness of detailed attention than seemed no. safe. cessary. That was his way of playing believed And the in beefsteak Yes Dr Dockery to He lived on wanted his it rare It in that dur career rural physician he often prescribed beefsteak for anemic patients and proved his faith by tak. Ing his prescription. It also obvious that the doctor powders with his dosage of pills mind had Dr. Dockery widely His versatility led into divergent -country master general never of "Jack of all trades' and good at The Dockery thoroughness of exe. no fully as much as any tile for Alexander Monroe dist to emerge from the strictions of the narrow and into which he was born and become Inence in political and governmental affairs Content With Laurels It matters that Tuck tin the distinction of "capital" of the tin, in fact. quite content to rest on laurels placent In that the com. with new that its to dispense Missouri hospi. measure and that traveling men out that the weather bus to creak its way four daily the two rural from and above all that Dockers though long never cease to latin and Josh Alexande member of and time of Dockers lives Ever since district of old away back the old Tenth shing to Gallatin until Third district Alexander Joshua W. by President secretary of Why of Dr Prefix All know why of the Dockery name many of them the Dockery and country and standard specifics Doctor Dockery medicine leading bank his of his eventful career just to his entry into and trict lion to congress from the Third Under the of Dr Dockery Ex. change Bank of one of the most prom banks of and for was many years regarded of rural But in recent long after Dockery had the bank's management then the role of depositor instead of bank official. lost only of his once left. Dr. Dockery's years were spent in Gallatin. His died in Jefferson City years during the Dockery gubernatorial Itis eight children died in infancy. His mother died he was compara. tively father died in more recent years He had no sisters was an only child. No near kin Therefore. Dr. Dockery might have been catalogued as lonely old man yet that wouldn't be exactly true, for bereft as he was of kin the eve. ning of this man's life was illumined by the light of borly affection. and while many his old time neighbors have passed to the beyond, others of them survive and these survivors ever alert to give to the veteran the very best of nursing and neighborly attention. Moreover he was amply rich in pub. He service honors and the satisfaction that comes by way of sequel to a career of fulfillment Thus, Doctor Dockery's last years were years fraught with tranquility. Born in Log Cabin Dr. Dockery was Missouriin a log cabin on a farm in the Honey creek district. five miles south of Gallatin, February 11, 1845. 2118 father wasn't exactly a farmer, Primarily but on There's myth about log common enough for heroes though the bewed from that with and when his the He Har Nat Benton old time the Day the the No made was his rule and Never Ignored Constituents. no touch his con If speeches made if Farmer Giles had wanted urged urged the Third on garden Dockery sent district wanted laws passed had em for was a congress. man Always on the job" seemed to be his rule, and election the him on the until at had the and then was the easily as he had habit many years of holding the Third district In Dockery was plain "Old leagues dubbed him His to mind run He saw leaks in mental tion to stop those leaks He believed in Moreover, he was for careful and fre. quent auditing involving money the expenditure of public In the early part of Dockery's career in question of admitting the then territory yoming to the union of states up for action. Dockery was against the admission of Wyoming because of the fact that women were permitted ly to vote opposed in yoming to He was strong. woman suffragedeclared the place for woman is in arena. the home rather than the political But time brings many changes and Dr. Dockery, having lived to see woman suffrage become national acquisced, remarking women? God bless 'em After retiring from the governor ship of Dr. Dockery was of the district which Gallatin located and he had much to influencing bet. not his immediate but throughout the state, his long congressional did That was 1894 when Champ Clark. Dick Bland and several defeat under a wave of Republican On Monday morning preceding the election solutely certain that the Republicans Third thus congress With only few more hours which to the up in effort and energy. for the wide area and difficult short notice But Dockery combining with optimism, gritted his teeth and on He was acquainted with every of prominence in the entire how of that the held time of but it known that nearly all of them got from Monday the of each not only his own ballot but that Leighbor didn't stay away from the Result Dockery Won, of Course Maybe he thought of psychology, or maybe not The wasn't in exander M. Dockery judged well the telling effect of telegram by men not getting tele grams. He proved that ten-word telegram more effective than 1.000 word letter It was busy day and night for the or three tele. the keys in Gallatin in addition to their regu. lar routine duty of freight and selling tickets at the Wabash and Rock Island Dock Dock ery went back to congress and the telegraph operators didn't mind the Dockery's voice Had great carrying those days outdoor While tongued orator. he had some way of holding the attention of any audience, no matter how He was much given to quoting statistics and he had remarkable faculty for clothing figwith human interest In short he set of figures and make them tell a keenly interesting Gentry county is one of the principle and that by the rugged ribbed banks Grand river the old. old town of Gentryville, an inland trading point that was of considerable regional commercial importance prior to the building of railroads Gentry county some forty Since the railroads brought flock of towns into being. has crumbled until But Gentry countyites are strong on historic lore, and about the time the waning of the old town began the annual rated, and it has been held every year by George -Monument In the cemetery of ery family graves. Mrs. Dockery and eight children of the Dockery's died in infancy are buried there. Farmers Exchange bank building in Galaltin, Mo. Mr. Dockery this bank and made a success of he turned over others Later this bank failed and Mr Dockery's personal fortune swept away. 3Alexander M. Dockery as he appeared in the hey day of his con- since the initial event about forty years ago and always on the same date, Orator of the Day "Are you going Third of August a query often heard in and the in heyday of Dockery's career he always be found in Gentry on August And he 'orator of the day called him -no matter whether was year or Gentry is near the geographical center the county and is nothing unusual for the attendance at these pienies to reach from 8,000 to 10,000 men. and children. and Dockery had voice that enabled him to make all of them hear him. marked that supplemental any mental that aided Dock. ery in making the flight from rural doctor he was blessed wonderful and magnificent physique He was big body is well as of mind Dr Dockery's heavy face embellished with what in those days-it was the bearded era-was conceded to be "splendid His mustache was large and sweep. Ing. and on his chin there was a growth of beard cut somewhat along the goatee style, but much more VOluminous. The sides of his face were always clean In later years he shaved, leaving a mustache of modern cut. My contribution to progress," he remarked. as he parted with his heavy whiskers Cauthen of The Journal Post gressional career. In later years he shaved off the whiskers, remarking that the act was his contribution to progress. (Photo from the collection of Rollin J. Britton, Kansas City attorney.) 4-Scene at the church in Gallatin, showing farm family to the Dockery funeral. Joshua W. Alexander, former member of President lifelong resident of Gallatin and Intimate friend of Mr. Dockery. (Personal photo.) known Newman Edwards Edwards, the Bayard of Missouri, he has was born January 838, at Front Royal Va. Edward's had its beginning he was yet boy At the age of 14 he wrote story which had ciculation. Even before this time he had type. setting on the Royal Gazette, When 15 old, to Missouri and settled at Lexington He came West at the of Thomas Yerby, a relative. It was during his residence in Lexington that Edwads learned the printing trade. Here he worked until the opening of the Civil war when he enlisted in the command of Gen O. Shelby Unusual War Service. Edward's in the Confederate army quite typical of his nature. A born fighter, with a courage and determination that no Union gun could defy. Edwards promoted several times for his skill and personal brav ery. He general with the rank of major and was also made adjutant general in the This Southern was in more than fifty battles and was wounded several times. At the close of the war Edwards became one of the members of Shelby's command. Iron Brigade, which crossed over into Mexico. Dur ing his thirteen months' stay in Mexico Edwards assisted in establish. ing the Mexican Times, and also wrote the well known book An Unwritten Leaf of the War was also during the time spent in Mexico that Edwards became with Prince Maximilian and his wife, Published Number of Books. Upon his to Missouri 1867 Edwards published a number of books, among which was Shelby and His Men. a wonderful tribute to this Southern leader. In the same year Edwards became a reporter on the St. Louis Republican. In 1873 he went to the St. Louis Dispatch. After a short stay with the Dispatch he joined the staff of the St. Louis Times. Edwards then decided to go to Mexico and engage in sheep raising. However, was from this plan while visiting in Lexington at the home of his Judge During this visit he wrote and published Noted Guerrillas. Returning to editorial writing. Edwards took charge of the Sedalia Democrat Leaving this he established the Sedalia Dispatch. Its life was brilliant, but short. Leaving Sedalia, he went to St. Joseph where he editor of the Gazette. he recalled to the editorial chair of Kansas City paper and held this place until his sudden death in Jefferson City May 4, 1889. Edwards was buried at Dover, Mo. The first submarine Ased in warfare. according to an answered question in Liberty, the Nautilus. which was built by Robert Fulton in 1800, and was used successfully by Napoleon.