10265. Farmers Bank (Jameson, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
March 6, 1926
Location
Jameson, Missouri (40.005, -93.979)

Metadata

Model
gpt-5-mini
Short Digest
5eb88f98

Response Measures

Full suspension, Books examined

Description

Depositors started a run on opening (articles dated March 6, 1926). Board ordered the bank closed and the Missouri Finance Department was telegraphed to take charge; bank did not reopen and is reported as a failure. The run appears triggered by the nearby failure of the Farmers Exchange Bank of Gallatin (local banks contagion).

Events (3)

1. March 6, 1926 Receivership
Newspaper Excerpt
telegraphed the Finance Department to take charge of the bank
Source
newspapers
2. March 6, 1926 Run
Cause
Local Banks
Cause Details
Depositors alarmed by the closing/failure of the Farmers Exchange Bank of Gallatin nearby, triggering withdrawals
Measures
Board of directors ordered the bank closed; telegraphed Finance Department to take charge.
Newspaper Excerpt
When depositors of the Farmers' Bank of Jameson... started a run on the bank today to withdraw their deposits
Source
newspapers
3. March 6, 1926 Suspension
Cause
Local Banks
Cause Details
Board closed bank after run precipitated by Gallatin bank failure; finance department took charge (closure by authorities following run).
Newspaper Excerpt
The bank was closed by order of the board of directors... telegraphed the Finance Department to take charge of the bank
Source
newspapers

Newspaper Articles (5)

Article from The Chillicothe Constitution-Tribune, March 6, 1926

Click image to open full size in new tab

Article Text

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.


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

Click image to open full size in new tab

Article Text

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


Article from The Chillicothe Constitution-Tribune, March 11, 1926

Click image to open full size in new tab

Article Text

RUN BANK CLOSING JAMESON CLOSED BY ORDER OF THE BOARD DIRECTORS A Run on Institution Following the Closing Farmers Bank wince the the year here Loday when the Farmers Bank of Jameson county, reported to tution had closed doors.' The bank closed by order of the hourd of directors the farmore for miles in line to draw out their money Depositors are said to have boon alarmed by the closing the Farmors Mxchange Bank Gallatin with resour008 of The Janieson bank Non a capital stock attributed to the of the Exchange Bank of mation roaching the finance commisFourt president and


Article from The Lathrop Optimist, March 11, 1926

Click image to open full size in new tab

Article Text

Missouri News From Our Exchanges and Other Sources Run causes Jameson Bank to Close Door$ Jefferson Ciay, March 6.-The Farmer's Bank of Jameson. Daviess county, with resources of $110,000 was closed today by board of directors. following a run which started with the opening of the bank this morning. The run is believed to have been caused by the closing of the Farmers Exchange of Gallatin yesterday, which had resources of almost $1, 000.000. Members of the same fam, ily are connected with the two banks The Jameson Bank had $15,000 capitál $2.000 surplus, $78,000 deposits and $84,000 loans. C. C. Fuert is president and C. W. Johnson. cashier. Bank examiner has been sent to Jameson to take charge. Work is in progress on a new $50, 000 theatre at Maryville. The application for a building permit gives the estimated cost as $35,000. while equipment and furnishings will cost an additional $15,000. The theater will be operated principally as a motion picture house, but will accomodate large stage productions, and vaudeville will be offered at least once week. The County Court of St. Clair County. at Osceola, recently ordered $27.000 paid on an old railroad debt which has been hanging over the county for nearly sixty years. A few years ago the debt was compromised for $585,000 and since that time. including the present payment, $205,000 has been paid, leaving $380,000 to be paid in annual installments. The original debt was more than $2.000,000, and was for the construction of the Tebo and Neosho Railway which was never built and was fought out in the courts for fifty years and finally compromised. John William Stone, son of Mr. and Mrs. J. H. Stone of Huntsville. went through the Huntsville public schools without missing a day or being tardy. He has attended Sunday school for 13 years and has not missed a Sunday. He is now a junior in the University and is a member of the University band. The band was returning from a trip and was nearing Hannibal when young Stone asked the conductor if he could get off SO he could attend Sune day school. The conductor spoke to the auditor. who wired ahead to Hannibal and had a taxi meet the train and take him to Sunday school and gave him a pass to follow up the band on the next train Drawings for Prizes Illegal The Missouri Publisher which speaks with authority on general news paper business says: "News spapers will do a service to their merchants if they call attention to the recent decision of Attorney General N. T. Gentry to the faca that drawings for prizes are against the state law and they had better stop their schemes if they do not want to be prosecuted. TWO YOUNG MEN They are talking Fred Harrison of Gallatin and J. L. Milligan of Richmond for Congressman from this district-Harrison for the Republican ticket and Milligan for the Democratic ticket. Both are young men and both were in the service during the world war.-De Kalb County Herald. MISSOURI NOT FIRST IN MULES Washington Contrary to the popular impression. Missouri is not the biggest mule state. According to the Department of Agriculture. Texas had the most mules in 1925. being the only state with more than a million. Missouri came second with 390.052 and Oklahoma was third with Rhode Island had the fewest horses and mules of any state, having only 5,368. The total horse population of the country is 16 535,759. and the mule population is 5,730,608.


Article from The Ridgeway Journal, March 18, 1926

Click image to open full size in new tab

Article Text

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.