10218. Howard County Bank (Glasgow, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 14, 1886
Location
Glasgow, Missouri (39.227, -92.847)

Metadata

Model
gpt-5-mini
Short Digest
1bec7aa8

Response Measures

None

Description

Multiple contemporary dispatches (Sept 15–16, 1886) report the Howard County Bank at Glasgow, MO, closed its doors and placed its business in the hands of a trustee to collect and pay creditors. No run is reported; cited cause is hard times/difficulty of collections. Trustee placement indicates suspension leading to closure/liquidation.

Events (1)

1. September 14, 1886 Suspension
Cause
Local Shock
Cause Details
Hard times and extreme difficulty of collecting led directors to turn over the business to a trustee to collect and pay depositors and stockholders.
Newspaper Excerpt
Late yesterday afternoon the Howard county bank at Glasgow closed its doors and placed its business in the hands of a trustee for the benefit of its creditors.
Source
newspapers

Newspaper Articles (11)

Article from Evening Star, September 15, 1886

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Article Text

Hard Times and Slow Collections. THINGS WHICH CAUSED A MISSOURI BANK TO SUSPEND BUSINESS. ST. LOUIS, Sept. 15.-Late yesterday afternoon the Howard county bank at Glasgow closed its doors and placed its business in the hands of a trustee for the benefit of its creditors. James S. Thompson, president of the bank, makes the following statement: The assets are ample to pay all depositors and stockholders in full. Hard times and the extreme difficulty of collecting induced the directors to turn over the business to the trustee, who will collect and pay off, first, the depositors and then the stockholders. The assets amount to about $60,000. The liabilities do not amount to quite that sum. One of the largest creditors of the bank is the Laclede bank of St. Louis. It, however, will not be seriously affected by the failure.


Article from Savannah Morning News, September 16, 1886

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BANK DOORS BOLTED. Hard Times and Poor Collections the Cause of the Suspension. ST. LOUIS, Mo., Sept. 15.-Late yesterday atternoon the Howard County Bank. at Glasgow. closed its doors and placed its business in the hands of a trustee for the benefit of its creditors. Jas. S. Thomp= son, President of the bank, makes the following statement: "The assets of the bank are ample to pay all depositors and stockholders in full, The hard times and extreme difficulty in collecting induced the directors to turn over the business to a trustee, who will collect and pay off first the depositors and then the stock holders. The assets amount to about $60,000. The liabilities do not amount to quite that sum." One of the largest creditors of the bank is the Laclede Bank, of St. Louis. It, however. will not be seriously affected by the failure. CLOTHIERS ASSIGN. RICHMOND, VA., Sept. 15.-Owen Spencer & Co., clothiers. made an assignment to-day. Their liabilities are about $10,000. Their assets are not stated.


Article from San Antonio Daily Light, September 16, 1886

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"UMOC репоя DUB besuen oman and two children were run nd killed on the track of the Milee and St. Paul railway yesterday crossing a railway bridge near un. Wis. bodies of a dead woman and child taken from the lake at Chicago day. No identification. ) sons of Joseph Moore were ed not far from Little Rock, Ark., bathing. The mother, who SHW c. y8 sink to rise no more, is a raving H. Brown, local manager of the rn Union Telegraph company at uis, took French leave for Canada eek. counts. There is a small shortage in defense for the Chicago anarchists to have secured new evidence that ommand R new trial by the sucourt. es Milan and his two brakemen, g between Dennison and MuskoT., have been arrested for robreight cars. Quantities of stolen were found in their possession. Galveston stock holders of the ine drill will realize about 50 per ni their investment. No dividends 1108 эЯвшер 000'1$ the [!]un plant € t the management is settled. . Mitchell, of Eagle Pass, has been vice consul at Piedras Negras, g his regular appointment NB concall for $10,000,000 three per cent to be presented for redemption at t day and date has been modified, ese three per cents will be receivredeemed. and interest paid to / redemption, until farther notice. it of bonds and date unlimited. Bell telephone suit comes up on rer at Cincinnati, next Monday. land, Maine, has had an Enoch case with variations. The original ly Enoch after an absence of four etured to find his place occupied; d the new proprietor out, re1 to his wife that she was 118 , as ever and decamped, leaving No. 2 under medical care. ressional nominations are plenty. mocrats of the Tenth Missouri t nominated Martin L. Clardy: mocrats of the Eighth Massachuistrict nominated J. J. Donovan; ublicans of the First New Hampenominated Haynes: the Missouri icans in the Fourth district nouniBryan A. Dun; the Virginia demoominated Marshall Parks for the district. democratic state convention of sin, in session at Madison. nomiGilbert A. Woodward. of La- for governor by acclamation. J. nam, of Pierce county, was nomifor lieutenant governor. yesterday afternoon the Howard bank, at Glasgow. Mo. closed and placed the business in the of trustees for the benefit of credAssets of the bank amount to $60.bilities about the same. Difficulhaking collections caused the susD. Charles Dilke has returned to LonIt is already announced that he -enter public life as proprietor itor of a London daily newspaor Lanciani, the great Italian ologist, is coming to America to ablie conferences. Spanish government will hold an ational exhibition at Barcelona, encing next September and con5 until the following April Pope will assign the Jesuits to the Discopal sees in the East Indies, 1 under the Portuguese concorin reward for the efforts of the $ on behalf of Christianity in the adies. many asked Russia for a pledge e will not interfere in Bulgaria. stipulates that if such pledge is Germany and Anstria shall not on the re-election of Alexander to one by the powers. proposition to send the OZAT a in of congratulation on his fete as ly. squelched in the Bulgarian


Article from The Democratic Leader, September 16, 1886

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SPARKS FROM THE WIRES. Cholera is gaining ground in Austria. Cholera is epidemic in Trieste and has reached Pesth. f The Howard County bank, at Glasgow, Mo., has su-pended payment. A flowing oil well has been struck at Manistee, Mich., at the depth of 1.920 a feet. Another call has been issued by the treasury for $15,000,000 of 3 per cent bonds. Chiricahua and Warm Spring Apaches to the number of 460, have been sent to Florida. It is asserted in Paris that England meditates a proclamation declaring Egypt British possession. The last foreign man of war has left Opia and the native kings of Samoa have renewed their strife. The British steamer Strathnairn was struck by collision with another steamer on the Clyde yesterday Constantinople has quarantined against all arrivals from the Danube, on account of cholera at Buda Pesth. Sir Charles Dilke has returned to Lon don and will re enter public lite as editor of a daily newspaper in that city, The Pall Mull Gazette calls upon the queen to remove Sir Charles Dilke's name from the rolls of the privy council. The Union Pacific company has adver rised for proposals for the sale of land grant bonds, to the amount of $2,164,000. A general opinion prevails at St Louis hat Arthur Arbuthnot who has confessed the murder of ex Mayor Bowman, of East St. Louis, is a crank. Half the business portion of Brooklyn, Ia., was destroyed by fire yesterday. The tire originated in a grain elevator. and is supposed to be the work of an incendiary. The American Agricultural and Dairy Association in session at Philadelphia, yesterday celebrated the oleomargarine bill as a great triumph for the industry they represent. The treasury department has decided that Indians living in the United States near the Canadian frontier are not entitled to purchase horses and cattle in Canada and import them duty free. The suspension b idge over the Ostrawirza at Ostrau, in Moravia, broke down vesterday while a squadron of Uhlans were riding across Seven persons were instantly killed and many more seriously injured. Wisconsin Democrats have nominated Gilbert A Woodward for governor and J D. Putnam for lieutenant governor. Also, for secretary of state, John C. Ludwig; treasurer. John A. Johnson; attorney general, F W Bird; state superintendent of schools, Edward McLaughlin; railroad commissioner, James Meehan; insurance commissioner. John Kerret.


Article from Telegram-Herald, September 16, 1886

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A Bank Closes its Doors ST, LOUIS, Mo., Sept. 15.-The Howard County Bank at Glasgow closed its doors yesterday. The business of the concern has been placed in the hands of a trustee for the benefit of its creditors. The assets amount to about $60,000. The liabilities do not amount to quite that sum. The Laciede Bank of this city is one of the largest creditors, but it is thought the St. Louis institution will not be seriously affected by the failure. Hard times and difficulty of collection are assigned as the causes for the closing.


Article from The Indianapolis Journal, September 16, 1886

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A Missouri Bank Suspends Business. ST. LOUIS, Sept. 15. Late yesterday afternoon the Howard County Bank, at Glasgow, Mo., closed its doors and placed its business in the hands of a trustee for the benefit of its creditors. James T. S. Johnson, the president of the bank, makes the following statement of the bank's affairs: "The assets of the bank are ample to pay all depositors and stockholders in full. Hard times and the extreme difficulty of collecting induced the directors to turn over the business to a trustee, who will collect and pay off, first, the depositors, and then the stock holders. The assets amount to about $60,000. The liabilities do not amount to quite that sum." One of the largest creditors of the bank is the Laclede Bank of St. Louis. It, however, will not be seriously affected by the failure.


Article from Fort Worth Daily Gazette, September 16, 1886

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BUSINESS MATTERS. A Missourt Bank Fails-A Good Investment-Goes Into the Pool. ST. LOUIS, Mo, Sept. 15.-Late yesterday afternoon the Howard County bank at Glasgow, Mo., closed its doors and placed its business in the hands of a trustee for the benefit of its creditors. The assets of the bank amount to $60,000, with liabilities unknown. Some diffleulty in making collections caused the suspension.


Article from Shenandoah Herald, September 17, 1886

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The Howard Bank of Glasgow, Mo., has suspended. Liabilities about $60,000. egnent buttog


Article from Signal-Copiahan, September 23, 1886

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On account of hard times the Howard county bank at Glasgow, Mo., was suspended on the 14th, inst.


Article from The National Tribune, September 23, 1886

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MISCELLANEOUS, The Hilton trophy, valued at $3,000, was contested for at Creedmoor, N. Y., Saturday, by teams of 12 from Massachusetts, New York and Pennsylvania and the Atlantic and Connecticut Divisions of the Regular Army. The match was 200,500 and 600 yards. The Massachusetts team won, with the New York team second.-The shipments of peaches over the Delaware Railroad aggregated 2,111 carloads up to Friday evening, against 3,291 carloads to same date last year. The season is almost closed.-A land turtle got in front of Jacob Crider's self-binding reaper, near Greencastle, Pa., had his hind leg cut off, and was taken up and bound in a sheaf of wheat, where he was found.by the thrashers seven weeks later. The place where the leg was cut off was nicely healed.-A young Canadian, of Glencoe, lost a dollar the other day by betting that he could eat two watermelons that weighed 53 pounds in two hours. He ate them, but it took him two hours and 10 minutes. Now he wants to eat melons against all Canada for $25.The Philadelphia and Reading Coal and Iron Company has issued a new circular of prices for coal delivered in the harbor for shipment and at Elizabethport, N. J., making advances of 10 cents per ton on broken, stove and chestnut, and 15 cents per ton on egg.-The Salvation Army, at its recent International Congress in London, claimed to have 1,552 Corps, and 3,602 officers; and to have held 28,200 weekly, and 1,466,400 daily services, and to print its newspaper in 19 different languages. -The trial of the Knights of Labor Frank Young, Oscar Harron, and Fred Hundhausen, at St. Louis, on the charge of conspiracy during the late Southwestern railroad strikes to injure the Missouri Pacific Railroad Company's property and business, was concluded last week. The jury, after remaining out for two hours, returned a verdict of acquittal.-The business failures during the last seven days, as reported to R. G. Dun & Co., number for the United States 152 and for Canada 33, or a total of 185 as compared with a total of 178 last week and 190 the week previous to the last.-The Portland, Me., savings bank has begun suit against the city of Evansville, Ind., for $100,000. The suit grows out of the repudiated bonds of 1869.-The Chippewa Lumber and Boom Company's saw:mill, at Chippewa Falls, Wis., the largest in the country, was struck by lightning and burned. Loss $250,000.-Benjamin Ross, of Boston, and Mr. John Stewart, of Baltimore, with the assistance of Capt. William Berry, of Portsmonth, N. H., caught the biggest balibut off the Appledore" coast of Maine, which has been heard of in 25 years. It was six feet six inches long and weighed 198 pounds.-At Montreal the recorder decided in the Salvation Army case that the members of the army have a perfect right to parade the streets and sing if they choose to do so. The total damage to property in the United States and Canada by fire last month was over $13,000,000. The losses by fire thus far this year aggregate $77,000,000.-The Howard County Bank, of Glasgow, Mo., has suspended. Liabilities about $60,000.


Article from The Superior Times, September 25, 1886

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MINOR NEWS NOTES. John Ladeau, about 70 years of age, committed suicide at Ontonagon, Mich., on the 18th, by jumping from the harbor pier. He was & widower, and was thought to be elightly demented, particularly on religious subjects. The much-talked-of glove fight be tween the great and only John L. Sullivan and Frank Hearld, of Philadelphia, took place at the Coliseum, Pittsburg, on the evening of the 18th. Four-ounce gloves were used, but before the close of the second round the "sparring for points' degenerated into the customary slugging, and the police interfered and closed the show. Lightning at Kankakee, Ill. on the 19th, burned the Coris wheel factory 000 and an adjoining building. Loss $32, A mob at Belfast, Ireland, made an attack on the police barracks on the 19th for the purpose of rescuing couple of drunks. The crowd became demonstrative that the police fired upon them, one woman being killed. Nubar Pasha, Egyptian prime minister, has at the request of the British government, started for London to assist in the settlement of Egyptian affairs. The hostile Arabs of the Soudan have assembled in force in Dongola and now threaten the Egyptian frontier. The convicts employed by the Egyp tian government at the Djebelzeit petroleum works mutinied recently and twenty four of the mutineers had to be killed before the others could be forced again into submission The Bulgarian Sobranje has approved the bill appointing a court martial to try Maj Gruefs and the other officers associated with him in the coup d'etat on a charge of treason. Philadelphia had two serious fires on the 17th. The five-story brick building on Market Street, occupied by Thompson, Frye & Co., wholesale and Coates & Bro.'s wool grocers, warehouse, was damaged to the extent of $60,000. In the evening the ware house of Pentexter & Fitzpatrick, on Front Street, burned. Loss, $100,000. A dispatch of the 18th from Laredo Tex. reports the killing of the Mexi can rebel, El Coyote, and eight of his a followers by Mexican regulars, in fight near Lampasas. George H Prescott, aged 45, confidential clerk for Wise & Melander, Boston agents for the Chicago North-Western Railroad, has disap peared, owing several thousand dollars. The wholesale clothing firm of Julius Baum & Co., San Francisco, suspended on the 17th. Liabilities variously es timated at from $750,000 to $1,000, 000. John Schryock, a wealthy farmer living near Olney, Ill., was murdered on the night of the 16th by unknown parties, robbed the place of $3,000 and burned the house John Wyatt and Damps Loitin, two Marshall County, (Ky. farmers, had a standing quarrel and had notspoken to each other for years. At a funeral on the 15th they met and trouble broke out. Wyatt knocked Loftin down with a rock, whereupon the lat ter stabbed his enemy seven times with knife. Early on the morning of the 16th some unknown miscreant removed rail from therailroad near South Lynn, Mich. causing the wreck of & loaded freight train. Ed. Newman was killed, Brakeman Campbellfatally and Engineer Thomas Davis seriously hurt. Michael Boland, William Lawler and Thomas O'Neill have begun suit against the authorities of the Town of Lake, a Chicago suburb, for $50,000 damages The three plaintiffs were arrested for the alleged robbery of in a box car in the Lake Shore yards August, and after being imprisoned for a week were acquitted The dwelling of Leslie Cummings, on the mountain side in Jackson County was crushed by a huge rock which be came detached from & point above, and two of Cummings sons and hired man were killed and two small children fatally injured The Howard County Bank, at Glas Mo., closed its doors on the 15th gow, and placed its business in the given. hands of trustee. Liabilities not The a building occupied by Ezeikel & Bernheim's auction rooms and stor age warehouse, Cincinnati, was dam aged on the 15th to theextent of $35, 000. Sir Charles Dilke has returned to London. It is already announced that he will re-enter public life as the proprietor and editor of a London daily newspaper. The London Daily News of the 15th, referring to outrages by Chinese pirates, urges that a patrol of English and American gunboats be established to prevent further piratical acts. Prince Bismarck's celebrated mare Grete, which herodeduring the Franco Prussian war, is dead. Engineer Tom Buckley and Fireman Fariss were crushed to death near Cal Chattanooga Tenn., by an accident on the East Tennessee Railroad caused by the engine running over a cow. The engine was wrecked, but no passengers were hurt. The Du Bois Opera House, the dry goods establishment of Theodore Swan, Peck's dry goods house Peoria, and a number of smaller houses at 14th Ill., were destroyed by fireon the Loss $100,000. The through lines of the Canadian Pacific Railway telegraph system were opened for business on the 14th. L D. Williams, a Peoria boot and shoe dealer, has been arrested for perjury in the case of the insolvent Pettingill firm. At Westport, Md. on the 14th, Ed ward White, a well-known citizen, was shot dead by David Johnson. The game night the jail was broken into by mob and themurderer taken out and lynched. A work train at the Chapin mine Iron Mountain, Mich., while on down