10459. Bank of Mayview (Mayview, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 11, 1897
Location
Mayview, Missouri (39.053, -93.830)

Metadata

Model
gpt-5-mini
Short Digest
81659fcd

Response Measures

None

Description

The Bank of Mayview closed its doors in mid-January 1897 and the directors made a voluntary assignment to W. H. Wagner for benefit of creditors. No run is reported; this is a voluntary suspension leading to permanent closure/assignment.

Events (2)
1. January 11, 1897 Receivership
Newspaper Excerpt
On Monday the bank directors held a meeting, and after due consideration made a voluntary assignment to Mr. W. H. Wagner for the benefit of all its creditors. Assignee Wagner took Icharge of the bank yesterday.
Source
newspapers
2. January 11, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors made a voluntary assignment to W. H. Wagner for the benefit of creditors after 'hard times and slow collections'.
Newspaper Excerpt
The Bank of Mayview was organized in 1891...the Mayview bank assigned last Monday. ...The Institution Closed Its Doors Last Monday.
Source
newspapers

Newspaper Articles (4)
1. January 14, 1897 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, January 14, 1897

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Article Text

CONDENSED DISPATCHES. The bank of Mayview at Mayview, Mo., has closed its doors. The bank officials say that the depositors will be paid in full. The Illinois & Wisconsin Lumber Co. of Chicago, assigned, Wednesday. The company has lumber lands over the entire state of Wisconsin. Assets, $100,000: liabilities, $60,000. Garry A. Hough, the creator of the role of "Gumption Cute" in the original production of "Uncle Tom's Cabin." died suddenly at Detroit, Mich., Tuesday. He was born in 1834. A telegram to the war department announces that Major George S. Wilson, assistant adjutant general, U. S. A., died of acute inflamation, Tuesday. at Vancouver Barracks, Washington. Fire at Amesbury, Mass., Wednesday, in the picker room of the Hamilton Corporation did a damage of several hundred dollars to cotton. The mills are shut down for a few days in consequence of the fire. The West Virginian of Charleston, W. Va., the leading Republican daily and weekly newspaper in that section of the state, began, Wednesday night. the receipt of the news service of the United Associated Presses. The most unpretentious inauguration ceremony in the history of Colorado took place at Denver, Tuesday. Gov. Adams at noon walked over from his residence to the Capitol, took the oath of office before Chief Justice Hayt, then read his address before the assembled legislators. and. returning to his office, began the duties of his new position. The Governor in his inaugural demands the most rigid economy in the conduct of state affairs. The nomination of Count Muravieff for the office of Russian minister of foreign affairs, created considerable surprise at St. Petersburg. The new minister is in favor of a pacific policy and is a favorite of the dowager Empress, to whose influence his appointment is attributed. Count Muravieff is pronouncedly anti-German in his views and a great admirer of the French. The annual meeting of the National Association of Wool Manufacturers was held at the Murray Hill Hotel, New York, Wednesday afternoon. The meeting was private. At its conclusion the secretary. S. N. D. North, announced that President Wm. H. Hale of Springfield, Mass., had been elected, as was the old board of officers, with the exception of John L. Houston, one of the vice presidents. In his stead W. C. Green of Peacedale, R. I., was chosen. At night, the members had a banquet at the hotel.

2. January 14, 1897 The Durham Recorder Durham, Hillsboro, NC
Article from The Durham Recorder, January 14, 1897

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Article Text

Telegraphic Brevities. The American liner Par will start from her pier at New York in an attempt to cross the At. lantin, using but one rew, the other being disabled. The stockholders of the National Union Bank. New York, Tuesday elected Secretary of War Daniel S. Lamont a dir. ector, in place of V H. Payne. It is inferred from this that Mr. Lamont means to take up his residence in New York again after March William Liebold, a youth of eighteen years, nas been wrest. ed at Lancaster, Pa., charged with forging the name of Chas. B. Grubb, a prominent capitalist, to checks which were cashs ed at the First National Bank of that city, The aggregate amount secured by Liebold is said to be in excess, of $400. The Bank of Mayview, at Mayview, Mo., did not open its doors for business Tuesday morning. The bank officials say that depositors will be paid it. full. The bank did not do a very large business. E. N. Cunningham, who lies in jail at Cleveland, Ohio, charg ed with forgery, will plead insanity. Experts will examine him this week.

3. January 16, 1897 The Weekly Intelligencer Lexington, MO
Article from The Weekly Intelligencer, January 16, 1897

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Article Text

BANK OF MAYVIEW FAILS The Institution Closed Its Doors Last Monday. W. H. WAGNER THE ASSIGNEE. The First Bank Failure in the History of Lafayette County. Since old Gilead Rupe broke ground for the habitat of the "first settler" in Lillard (now Lafayette) county, there had not been a bank failure in the county until the Mayview bank assigned last Monday. Banks have liquidated, banks have consolidated with other banks, and one or two were forced to close for two or three days, but none had ever been closed permanently. Depositors in Lafayette county banks have never lost a dollar of their deposits, and there is no reason to believe that the patrons of the Bank of Mayview will lose a cent. The Bank of Mayview was organized in 1891. Mr. Taylor B. Benning is president and James Vickars cashier. Both of them are reliable gentlemen, of high standing in this county, and of strict integrity. Hard times and slow collections tell the story of the failure. On Monday the bank directors held a meeting, and after due consideration made a voluntary assignment to Mr. W. H. Wagner for the benefit of all its creditors. The bank is perhaps in a solvent condition. Its assets are $27,392 and the liabilities are about $20,000. County Collector Catron had about $4,200 in the bank when the assignment was made. He will not lose, perhaps, though his money will betied up for some time. The institution was well patronized and did a good business. Assignee Wagner took Icharge of the bank yesterday. He has retained Hon. W. H. Chiles as his attorney.

4. November 6, 1897 The Weekly Intelligencer Lexington, MO
Article from The Weekly Intelligencer, November 6, 1897

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Article Text

COUNTY CORRESPONDENCE. MAYVIEW. Frank Jones was in Higginsville Wednesday. Chas. Strausburg was in Lexington Monday. Dr. Dailey was in Higginsville Sunday evening. Tom Chinn made & business trip to Lexington Monday. Dr. Day and wife visited Dr. Bradley the first of the week. Miss Nannie Renick is the guest of Miss Anne Marie Campbell. Quite a number of local sportsmen were out after quail Monday. Miss Sallie Grace, a student at Central College, spent Sunday with Miss Bettie Belle Perrie. Candidates Harrison, Gordon and Chamberlain were shaking hands with the dear people this week. A revival meeting conducted by Rev. Hawley, of Kansas City, is now in progress at the Baptist church. Messrs. Taubman and Cobb and colored attendant from Lexington, spent Monday with Jim Smith hunting. We understand they were quite successful. We understand thieves entered the ommercial Hotel Saturday night. They obtained a number of pocket books, but thanks to the hard times contained no money. Mrs. Serat's sale last week was well attended by both prospective purchasers and candidates. Everything brought cost or over. 'Tis strange how credit increases the value of an article. Our coal mines, which were involved in the failure of the Bank of Mayview, have been purchased by Messrs. Chas. Stransbnrg and Tom Chinn. The two mines brought about $1,500. Workmen are now busily engaged putting them in running order.