10452. Webster County Bank (Marshfield, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 23, 1884
Location
Marshfield, Missouri (37.339, -92.907)

Metadata

Model
gpt-5-mini
Short Digest
ed6f43dc

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Aug 23–25, 1884) report the Webster County Bank at Marshfield, MO suspended with a receiver (C. F./C. V./C. M. Brooks) appointed and liabilities exceeding assets. Cause uniformly reported as speculation in grain / dealing in grain options. Reports describe it as a failure with receiver appointed, implying permanent closure.

Events (1)

1. August 23, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Speculation in grain / dealing in grain options led to heavy losses and insolvency; reports cite speculation in grain as cause and give liabilities and assets estimates (liabilities ~$40,000; assets $15,000–25,000).
Newspaper Excerpt
The Webster County Bank, at Marshfield, Mo., has suspended, and C.F. Brooks was appointed receiver.
Source
newspapers

Newspaper Articles (9)

Article from Richmond Dispatch, August 24, 1884

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Failures. [By telegraph to the Dispatch.] NEW YORK, August 23.-Richard D. Carter, dealer in naval stores, has made an assignment. Sr. LOUIS, August 23.-The bank at Marshfield, Mo., suspended yesterday, and C.F. Brooks was appointed receiver. Liabilities reported to be $20,000; assets unknown. LANCASTER, PA., August 23.-The Lancaster Bolt Company made an assignment to-day. Liabilities, $67,000; assets, $28,000. ST. LOUIS, August 23.-The Webster County Bank, at Marshfield, Mo., has suspended. Liabilities, $40,000; assets estimated at $15,000 to $20,000. All the school and county funds, about $1,500, are in the bank. Speculation in grain caused the failure.


Article from The Dallas Daily Herald, August 24, 1884

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Speculated in Grain. ST. LOUIS, Aug. 23.-The Webster County bank, at Marshfield, Missouri, suspended, and C. V. Brooks was appointed receiver. Liabilities reported at $4,000; assets estimated at $15,000 to $20,000. All the school and county funds, amounting to about $15,000, were deposited in this bank. Speculation in grain is said to be the cause of the failure.


Article from Fort Worth Daily Gazette, August 24, 1884

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ANOTHER BANK GONE UP. ST. LOUIS, Mo., Aug. 23.-The Webster County bank at Marshfield, Mo., has suspended and C. V. Brooks has been appointed receiver. The liabilities are reported at $40,000; the assets estimated at $15,000 to $20,000. All the school and county funds, amounting to some $15,000, were deposited in this bank. Speculation in grain is said to be the cause of the failure.


Article from Savannah Morning News, August 25, 1884

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About 85 per cent. of the total number of failures reported during the week were those of small concerns whose capital involved was less than $5,000. Among the more important suspensions during the week were: M. Morganthau, soap and candle manufacturer, San Francisco, Cal.; Paul Populorem, tanner, Chicago, Ill.; Webster County Bank, Marshfield, Mo.; George C. Ware. cider and vinegar manufacturer, Cincinnati, Ohio; E. T. Stickney, hardware, Toledo, Ohio; M. Meyer & Co., dry goods and shoes, Selma, Ala.; Bliss & Elliott, lumber, Minneapolis, Minn.; The Kemble Coal and Iron Company, Riddlesburgh, Pa., and New York city; Warner & Merritt, fruit importers, Philadelphia, Pa.; First National Bank, Albion, N. Y.; Gibb & Gallow, wholesale provisions, Toronto, Can. ALABAMA. Selma.-M. Myer & Co., dry goods and clothing, assigned. This was an old and prominent house, with branch store at Felix, Ala. E. Stern'& Co., fancy goods, attached for $16,000. FLORIDA. Deland.-V. J. Erhart, baker, assigned. Liabilities $3,000; assets $1,600. Kissimmee.-T. A. Bass, general store, assigned. GEORGIA. Augusta.-J. F. McLaughlin, grocer, assigned to E. J. O'Connor. NORTH CAROLINA. Weldon.-F. Y. Cluverious, general store, reported assigned. TENNESSEE. Memphis.-A. C. Walden, groceries and saloon, attached for $419.


Article from Evening Star, August 25, 1884

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SERIOUS CHARGE AGAINST A FATHER-Chas. Tyree, a well to do farmer, living on Little Brier creek, in West Virginia, has been arrested on a charge or incest preferred by his daughter, Telitha V. Tyree, aged 16. Telitha has an infant a month old, whose paternity she swears upon her father. QUEEN VICTORIA WORRIED BY HER SON-IN-LAWIt is rumored that Queen Victoria is again worried by the behavior of her son-in-law, the Grand Duke Louis of Hesse-Darmstadt. According to the latest reports he is seeking still another matrimonial alliance, notwithstanding the troubles broug. about by his morganatic marriage with Mme. Kalamire. His latest fancy, It is said, is toward a lady who is connected with the ducal court at Darmstadt, but who is much his interior in rank. She is also very much younger than the grand duke and is said to be very beautiful. THE DUBLIN SCANDALS.-The Dublin jury were unable to agree to a verdict in the case of ex-Secretary Cornwell and Capt. Kirwan, who were tried jointly on an indictment for "conspiracy and soliciting.' The second trial of this case was postponed to the next commission, and the prisoners were set at liberty on providing suitable ball. James Pillar, who pleaded guilty to the various indictments for felonies and conspiricies against him, was sentenced Saturday to twenty years' penal servitude. A SENSATIONAL DIVORCE CASE-The Philadelphia Sunday Item publishes the particulars of a sensational divorce case instituted in that city, in which the plaintiff is Henry D. Gilpin, member of an aristocratic family, and a son of the late Charles Gilpin, who was the mayor of Philadelphia trom 1850 to 1854. The defendant, Mrs. Nellie Martyn Glipin, wife of the piaintiff, is a beaut woman, of excellent family, and only eighteen years of age. The parties were married two years ago, but the union was not a happy one, the Glipin family refusing to recognize Mrs. Gilpin. The plaintiff charges his wife with infidelity, and Gen. Jas C. Lynch, a distinguished volunteer officer of the late war, and now a promin nt business man of Philadelphia, is made co-respondent in the case. REMARKABLE FIND OF SILVER-The silver excitement in Ritchie county, W. Va., IS assuming tremendous proportions, several rich mines having been recently discovered in the valleys of Shore Run and Buck Run, near Cairo. The most valuable or these belong to the Rev. John Walters, Cyrus Dallon, John Ferribee and M. D. Bartlett. The mine of the Rev. Mr. Walters IS in operation and has a five-foot vein. A late assay shows $300 in silver and $11 in tead to the ton. The Bartlett mine comes next with $175 to the ton. The remaining mines are not SO rich, yielding only about $100 per ton. In digging a well on the farm of Widow Pool. near Calro, a piece of almost pure SIIver, measuring eight inches by live and weighing 15 pounds, was found. Two MORE BANK SUSPENSIONS.-The Webster County Bank, of Marshfield, Mo., has suspended, and C. F. Brooks has been appointed receiver. The liabilities are reported at $40,000, and assets estimated at from $15,000 to $25,000. All the school and county funds, amounting to about $15,000, were deposited in this bank. Speculation in grain Is said to be the cause of the failure.—The Bank of Windsor, at Windsor, Va., has sus ended, and will not, It is thought, resume business again. The depositors, however, will probably be paid in full. ARREST OF COLLEGE PROFESSOR.-The Rev. James A. Towle, one of the faculty of Ripon college, was arrested at Milwaukee Saturday by Deputy United States Marshal Marshall on a charge of violating the custom laws. He was taken before Commisioner Bloodgood and bound over in the sum of $500 to await trial. The Rev. Dr. Towle has been a professor of Greek and Latin in Ripon college since 1876. It is alleged that he has systematically imported books from Germany and France, and by making affidavit that they were for use in the college and a part of the library belonging to the institution has avoided paying the duty upon them. It is said that the number of volumes imported in this manner and on which no import has been paid is nearly 200, and they are valued at nearly $1,000. Prof. Towle has a wife and two children in Ripon. The case will come up for trial at the next term of the United States court. FIGHT BETWEEN A WILDCAT AND A BULL DoG.-A fight between T. L. Montgomery's mountain wildcat and George Robinson's bull dog took place at Cannelton, W. Va., Saturday afternoon. The dog was put in a cage with the cat a few minutes after six o'clock. After a great deal of noise the dog attacked the cat, but was driven off. The cat then took a corner and 10ught the dog off, but finally followed it up to the center or the cage, the dog being driven back. As the dog was to Deat the cat in two ininutes, and as time was up, Referee Swan decided that th cat had won, and the dog was taken out. The fight was for $500 a side. A MURDERER PURSUED BY Dous.-A. V. Raleigh. conductor of a freight train on the Macon and Brunswick rafiroad, in Georgia, was kl led Saturday by Ell Taylor, a negro, striking him on the head with a light wood knot. The difficulty arose from Raleigh's reprimanding the negro for neglect of duty. Taylor took to the swamps, and IS being pursued by dogs. HANGED ON THE SCENE OF HIS CRIME.-A Mexican named Luciano Padillo, who was sent to State priso ID Nebraska from New Mexico, Was liberated a month ago. A week ago he assaulted a thirteen-


Article from The Indianapolis Journal, August 25, 1884

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Cyrus W. Field leaves New York tolday for a trip across the continent. A lunatic threw himself in the way of a train near Lexington, Ky., and was killed. The Virginia Legislature re-enacted the old election laws of the State on Saturday. James Johnson shot and killed John Bartley at a Democratic primary in Louisville, Ky. The Lancaster Bolt Company, of Lancaster, Pa., assigned Saturday. Liabilities, $67,000. A fire at Boonville, Ia., destroyed eight business buildings and a large canning establishment. The Republicans of the Tenth Ohio congressional district nominated Jacob Komeis, mayor of Toledo. Sheriff Johnson fell from a building at-Clinton, Ky., Friday, and died Saturday night from injuries received. The board of education of Dayton, Ohio, have agreed to abolish the colored schools at the close of the ensuing year. Clark W. Saunders, of East Montpelier, Vt., shot and killed Daniel Carr, whom he suspected of improper relations with his wife. Two more Cincinnati murderers have been sentenced-Patrick Harnet, to hang Dec. 5, and Pat McDermott, to imprisonment for life. At Wilkesbarre, Pa., Saturday, Professor W. R. Kingman, of Charleston, S. C., walked out of fall. a window while asleep, and was killed by the It is stated that Montreal cattle shippers have lost heavily, one firm, it is said, dropping $250, 000, and another $100,000 during the past three years. The committee appointed by the Legislature of Kentucky to adjust the $30 000 claim of Captain Newton Craig against the State has allowed him $11,000. The heavy rains damaged the track of the New London Northern railroad near Northfield, Mass, on Saturday, that trains cannot pass for several days. It is estimated that the Demoeratic auditor has omitted taxes on corporations in Cincinnati to the value of $600,000, and a special collector has been appointed. At Shamokin. at 4:30 M., on Saturday, all the bodies were recovered from the burning mines on Buck Ridge. Efforts are now directed toward extinguishing the fire. Fifty Indian children from Albuquerque, N. M., arrived at St. Louis on Saturday, by the Missouri Pacific train, en route to the Indian school at Carlisle, Pa. Luciano Padillo, the desperado who ravished a thirteen-year-old girl near Lincoln, Neb., was taken by a mob and hung to the tree under which he committed the crime. At midnight, last night, the six day -as-youplease walking match for females began at the Coliseum Building, Pittsburg. The entries embrase eight of the most noted long-ditance lady walkers in the world. The families of the striking coal miners who are under arrest for conspiracy at Washington, Pa, are threatened with starvation, and applications will be made to the poor authorities of Washington for maintenance, Samuel Lilly, Oskis and Charles Nation, with a jug of whisky, went on a skiff ride on Lak e Contrary, near St. Joseph, Mo., six miles south of town on Friday night, got into a fight, upset the boat, and all the men were drowned. At Pittsburg, on Saturday, the elevator of P. Keil & Sons' grain warehouse gave way, and two workmen named Theo. Fissing and Peter Knauff, were precipitated from the third floor to the cellar, a distance of 100 feet, and both fatally injured. At the election at New Haven, Ky. on Saturday, James Johnson shot and instantly killed John Bartley, and badly wounded Joseph Bartley, his son, by shooting him in the left cheek, just below the eye. The affray grew out of an old feud. Hon. A. L. Morrison, of New Mexico, presi dent of the Irish-American Republican League, addressed a tremendous meeting at Robinson's Opera-housein Cincinnati on Saturday evening on the questions of the tariff and the Irish support of Blaine. It is understood at the Treasury Department that the proposed call for $10, bonds will be issued early this week. The total reserve in the Treasury Saturday was $146,500. The gold reserve, which has been steadily increasing the past week, is now about $120,000,000. Harry Bates, aged fourteen, living with hisparents at No. 430 George street, Cincinnati, was instantly killed on Saturday afternoon. while playing at Putnam & Reper's, corner of Third and Wood streets. He was among a lot of logs, rolling them from place to place, when one of them fell and crushed the life out of him. A passenger train on the Southbridge branch of the New York & New England road ran off the track near Queensbury, Mass, on Saturday. One passenger car and the smoker went down the bank twenty feet, but only fell over on their sides, and the fall was gradual About thirty passengers were aboard, most of whom were bruised. The Webster County Bank at Marshfield, Mo., suspended on Saturday, and C.T. Brooks was appointed receiver. The liabilities are reported at $40,000; assets estimated, $15,000 to $25,000. All the school and county funds to the amount of some $1,500 were deposited in this bank. Speculation in grain is said to be the cause of the failure. The match race between the famous pacers Johnston, owned by Commodore N. W. Kittson, and Richball, owned by J. S. Campbell, for a wager of $5,000 a side, occurred at Chicago, on Saturday. Johnston won-easilyin three straight heats, the time being 2:13, 2:111, 2:131, Richball was nearly distarced in thelast heat. Following the race, the pacing-mare Minnie R., made an effort to beat 2:05; she made two Theats in 2:07 and 2:07 The demonstration at Chicago on Saturday night, on the return of General Logan to his home, was one of great magnitude. The Republican torch-bearing organizations of the city made their first apearance in this campaign, and the aggregated marchers numbered about 5,000. In addition to the local organizations, uniformed bodies were present from a number of the neighboring cities. The crowd that distened to the speeches was estimated to number 30,000. Foreign. The feeling against Jews in Russian provinces


Article from Morris Tribune, August 27, 1884

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Dealt in Grain Options. MARSHFIELD, Mo., Aug. 25.-Webster county bank has assigned: liabilities, $40,000; assets, $25,000. All the school, county, special and road funds were deposited in the bank; cause, dealing in grain options.


Article from The Austin Weekly Statesman, August 28, 1884

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The Marshfield Bank. ST. LOUIS, August 23.-The Webster county bank, at Marshfield, Mo., suspended, and C. M. Brooks was appointed receiver. Liabilities, $40,000; assets estimated at $15,000 to $20,000. All the school and county funds, amounting to some $15,000, were deposited in this bank. Speculations in grain is said to be the cause of the failure.


Article from Connecticut Western News, September 3, 1884

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NEWS OF THE WEEK. GENERAL ITEMS. plantation in Alabama a physician found 32 persons suffe ering with a disease he at once pronounced hydrophobia. All are negroes. A maddog ran muck among mules and hogs and both were attacked, biting the negroes. Some of the cases were very severe. A savings bank at Adrian, Mich. not hav ing the funds on hand to cash 1.500 check, were by resulting run compelled to suspend. -A cyclone in Manitoba crused great damage to property, blowing down houses and churches. No personal injuries are yet ported. -The Wisconsin greenbackers and antimonopolists nominated State ticket with Colonel William L. Utley for Governor. -The Republicans of Milwaukee nominated James E. Davis for Governor, with a full State ticket. -The gallantry and coolness of the officers and crew of the steamer Rose Standish, run down and sunk in Boston Harbor, quelled the the panic among her passengers and caused rescue unhurt of every soul on board. -The Nebraska Republican State Convention nominated James W. Dawes for Governor with a full State ticket. -Ex-Senator S. C. Pomeroy, of Kansas. who was nominated for President of the American Party. the Convention held in Chicago June 20 and 21, has withdrawn in favor of St. John. -The Anti Monopoly Greenback Labor Party of Illinois nominated Jesse Harper for Governor, with full State ticket. Gov. Ireland, of Texas, was not arrested by United States marshal. proposed, be cause the latter found his warrant inoperative. The Second National Bank of Xenia, Ohio, succumbed to the effects of speculation in grain. Richard Tweed, son of William M. Tweed, of New York, died in a madhouse in Paris. left no property. -The People's Bank, of St. Paul, was robbed of $10,000 on Sunday A Norwegiar vessel from New Orleans put into Pensacola Bay with yellow fever and was sent to Ship Island -The American consul at Marseilles reports a pitiable condition of destitution in that city from the effects of the cholera, and appeals for aid from the citizens of the United States. -Propositions have been presented by the United Telegraph lines the Postmaster General view of the plans for the establishment of a_postal telegraph system. A negro named Jones was hanged at Dawson, Ga., for criminal assault andidates Messrs. St. John and Dan President of the National Prohibition notified of and Vice-President, their nomination, at Cuba, N. The payments from the S. Treasury during August amount This includes about $10,000 000 account of sions and about $2,500,000 on account of awards made by the Court of of Alabama claims. -The dory in which Traynor expected to cross the Atlantic is now at St. Pierre, Micquesmashed. lou, badly -The school at Markdale, Ont. was the scene of double tragedy, the principal shooting the second teacher and himself. -A bond call for $10,000,000 was issued from the United States Treasury Departme -Commander Merry's official report of the sinking of the Tallapoosa is published. One of her men- William Jones reported lost was saved on the Gate City. Efforts will be made to raise the steamer. -Heavy frosts have taken place in New England and Western New York, and much damage crops has been done. Buckwheat has suffered severely. -During fight between Italian laborers at Dixon, Ill. several were younded. will was admitted to probate in Philajust delphia that disposed of $1,000,000 in four lines. -Many valuable horses were burned at Cynthiana, Ky. a -The hog cholera, which caused such heavy loss in that section last fall, has reappeared near Hamburg, Pa. A large number of swine have died already. Advices from Washington set forth that millions of acres of public domain in the West have been arbitrarily fenced by companies, while additional millions have been fraudulently entered at the gover ment land offices, and thus taken possession of. At a meeting of the Central Labor Union, in New York, protests against viting General Butler to review the Union Square labor parade were presente on the part Iabor orgauizations. It was decided not to invite General Butler -Fifty Indian children from Albuquerque, N.M.are now en route to the Indian school at Carlisle, Pa. The Webster County Bank, at Marshfield, Mo., was compelled to suspend by reason of too heavy speculations in grain. The wives of nearly five hundred strikers arrested in the Pennsylvania bituminous coal district for conspiracy demand support from the authorities on the ground that they are penniless. The Dominion government has refused permission for Wyoming cattle to be shipped to England through Canada steamer came from the and her master says no health officer came board to ask whether or not the ship had brought the cholera with her. Captain J. W. Norman, ice master of the Thetis, of the Greely relief deni to one ever that told any person believe from his sation that cannibal had been practiced by Lieut Greely and his command, newspaper reporters to the contrary notwithstanding. In Middlefield, N. Y. farmer named Clayton, while suffering from the effects of intemper took his from the the house into the yard and shot him through head. FOREIGN ITEMS. -R. Weinrich, large sugar dealer and refiner, of Vienna. has failed for 1000,000. Overproduction of beet root sugar, which has declined ten shillings per ton, is the cause of Weinrich's embarrassment. R. -The spread of the cholera in Italy is causing riots among the peasants and lower class townsmen. of Russian government is thinking of stations points the establishing polar touched by the crew of the Jeannette The loss of China at the bom ardment of Foo Chow is estimated at 1,000 killed land 3,000 wounded. General Wolseley is to command the relief expedition in the Sondan. spy reports that General Gordon has gained a considerable victory at Khartoum. Germany and England have another cause for quarrelling in regard to the appropriation of territory in West Africa. Castellamare correspondent cables that there an alarming increase in Italy in numr of cholera cases. at 636 Soldiers from Berber ret hands Egyptian officers and soldiers The of the rebels, who treat them the rebels pray for the Mahdi of who Bultan and declare the Turks heathen are be killed or expelled. Foo Chow arsenal, in China, was stroyed after three hours damage. A The French number of Chinese gun boats sunk. Thirteen peasants in the village of And jewka, near Odessa, have been tacked with symptoms similar to those of the rinder Two of the patients died. Troops have formed a cordon around the village. An outbreak has occurred Kutais, in ranscaucasia, owing Jews Christian stolen asthe saulted quarter threats general the Jews. rioters only desisted when the child -Three thousand nine hund ninety now the is two that the of victims of the cholera in 'THERE is but one good wife in this town," said a clergyman in the course of his sermon- the congregation 1 looked expectant-"and every married man thinks he's got her, added the inister