10477. Exchange Bank (Moberly, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 13, 1893
Location
Moberly, Missouri (39.418, -92.438)

Metadata

Model
gpt-5-mini
Short Digest
8e702151

Response Measures

None

Description

Multiple contemporaneous newspapers (June 13, 1893) report the Exchange Bank of Moberly placed an assignment for benefit of creditors and closed; an assignee (W.A. Wight/Wright) was in charge. There is no clear report of a depositor run causing the closure — articles describe the bank 'closed' and 'in possession of the assignee' and later legal actions against officers. Cause classified as voluntary liquidation/assignment.

Events (2)
1. June 13, 1893 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank made a general assignment for the benefit of creditors (assignment/closure rather than an announced regulatory seizure).
Newspaper Excerpt
This bank is closed and now in possession of the undersigned, trustee under deed of assignment, for benefit of creditors. W.A. WIGHT, Assignee.
Source
newspapers
2. June 30, 1893 Other
Newspaper Excerpt
Attachments to the amount of $40,000 have been run on the private properties of the president and other officers of the bank since the filing of an inventory of its assets by the assignee Wednesday morning. Suit was instituted ... to recover $13,185 tied up in the bank. Attachments were run on three of them. The Moberly Bank Crash ... occurred in this city three weeks ago.
Source
newspapers

Newspaper Articles (11)
1. June 14, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 14, 1893

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Financial Flurry at Detroit DETROIT, June -For some time there has been an uneasy feeling here in banking circles, occasioned by the numerous financial disasters that have recently occurred throughout the country. especially in the West. Although until this morning there had not been a decided run on any of the savings banks of Detroit. considerable money has been withdrawn in a quiet way, and to forestall any movement that might result disastrously to them and as an act of mutual protection the officers of these institutions met last night and resolved in case a run was started on any bank to demand the usual rinety days' notice for withdrawal of osits. Ten bankssigned the agreement. When the doors of the People's Savings Bank. one of the largest in Detroit, opened this morning an immense orowd of people flocked in with the intention of withdrawing their deposits. They were notified that ninety days' notice would be required This seemed to allay the excitement somew what. A long line of business men making heavy deposits also bad much to do toward quieting the fears of smaller depositors. The deposits in the People's Savings Bank amount to over $6,000,000. State Banking Commissioner Sherwood pronounces it and the other savings banks in the city in first-class condition, and says there 16 no occasion for alarm. Defalcations Aggregating Over $70,000. NEW YORK. June 13.-Defaleations aggregating $70,800 have been discovered in the Irving Savings Institution. No. 96 Warren street, New York. The shortage was discovered by the State bank examiners, who are still at work on the books and will not complete their work of scrutinizing the bank's accounts for some time, as there are 17,000 individual accounts to investigate, besides the regular bank books. The officials implicated by the statement of the examiners are Clarence D. Heat on of Brooklyn, who was president of the institution, and had overdrawn his account to the amount of $27,100; ex Secretary Wm. H. Buxton, of this city, and Paying Teller D. D. Tompkins. After the defalcations were discovered the resignations of the three officers named were received and accepted, and State Bank Superintendent Charles M. Preston reported the facts of the CR80 to the district attorney Part of the money has been returned. The bank will lose nothing. Superintendent Preston has placed the facts in his possession before the district attorney, and furtherdevelopments as to the guilty parties will-probably follow. Lawyer Stern said be could place his hands on the ex- president, secretary and paying teller whenever required to do so, but that the caseisoneforthedistrictattorney to act upon. Tompkins sixty years of age and has been with the bank more than twenty years. Mr. Heaton and Mr. Buxton bad each been connected with the bank for about thirty years. Superintendent Preston to night said that the defalcations had been going on for ten years. Tompkins said that he had used the money he abstracted living and ton said that he had lost $15,000 by going on the bond of lawyer Cohen, who was associated with the Cassie Brooks case. A Blow at the Preservers' Trust CHICAGO, June 3.-Judge McConnell today hit the trusts a hard rap. particularly the Preservers' Trust. The so-called American Preservers' Association. a corporation representing the trust, is litigating with a recalcitrant member of the trust. Andrew Bishop. In overruling a demurrer by the association in the case Judge McConnell said: "No court on record should lend its legal operations to further the interests and carry out the purpose of a trust. To my mind the corporation known as the American Fruit preservers' Association 18 but the agent of the trust. and as such the same illegality attaches to it as to the principal concern." As the case now stands the association has been granted threedays in which to reply to Bishop. In case the association abides by its demurrer the case will be appealed to a higher court. Franklin Buggy Company Fails COLUMBUS, O., June -The Franklin Buggy Company has been put in the hands of a receiver. Mr. W. S. S. Rogers. It is the smallest and youngest company in the business in this city. Liabilities are stated to be about $75,000. Assets will hardly cover that anm. William C. Reynolds is the president. The concern was not maki money. and the receiver ship 18 said to be intended to wind up a losing business. on account of the tightness of the times. More goods had been purchased than could be manufactured and disposed of profitably. Other Business Troubles. KANSAS CITY Mo., June 18. As the result of the suspension yesterday of the People's Savings Bank an insignitican institution with deposits of only $25,000. a run was started on the Kansas City Safe Deposit and Savings Bank this morning. The bank took advantage of the thirty-day clause and that checked the run, and at noon it was practically over. None of the other banks experienced a run. NASHVILLE, Tenn., June 13.-The Nashville Savings Company, of which Thomas 8. Marra is owner and president. filed an assignment to-night. The liabilities are $2-2.876 and assets valued at about $125. 000. The deposits amount to $109,010.22 and certificates of deposite $72,911.21 Among the assets are $60,000 on deposit with Arthur Ketchan & Co., suspended bankers of New York. LANSING, Mich. June 13.-The Commisstoner of Banking has received notice that the State Bank of Crystal Falls has made an assignment. The bank was organized only a year ago. Its capital stock amounts to but $25,000 and deposits $60,000. The bank was involved 10 the bank failure of the Plankinton Bank in Milwaukee, CLEVELAND, June 13 -At the instance the National Bank of Commerce William ;nolds was to-day appointed receiver the Williams Publishing Company, concern doing a large printing and publishing business. MOBERLY. Mo., June 13.-The Enchange Bank, of Moberly, which is the depository for the city made a general assig emment day for the benefit of creditors. It is believed payments will be made in full. ROCKFORD, Ill. June 13.-The Rookford Folding Bed Company assigned to-day. Liabilities, $50,000; assets, $25,000. DENVER, Col. June 13. The Pioneer Litbographing Company bas failed. Liabilities, $35,000; assets $5,500. Wilson Shannon Taggart. a forger of notes and checks for $25.000. who mys. teriously disappeared from Bellaire, O. ten month ago, has been arreated in Virginia. His father. aged eighty. years has been made penniless trying to pay off the forgeries

2. June 14, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 14, 1893

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TIME ALLOWANCE. The Detroit Savings Banks Were Readily Held Up. DETROIT, June 13.-Fourteen savings banks of this city, in view of the tendency among depositors to withdraw their money, have issued a circular saying they will hereafter require the notice provided for according to law. A run of extensive proportions began on the Omaha Savings Bank at the opening this morning, and all morning the bank was besieged by depositors. Senator Henderson and Vice-President Kimball of the Union Pacific, directors of the bank, made speeches to the crowd guaranteeing them their money. but the run continued. One or two runs began at the opening, but business men began to make heavy deposits, and the State Bank Examiner assured depositors that the banks were all in first-class condition, when the excitement 8000 subsided. NEW YORK, June 13. - It has been rumored on the street that the National Lead Company would not declare a dividend on common stock this quarter, but the officers say a dividend will be paid and it will probably be declared before the end of the week. The sales by the company for the month of May are reported to be the largest in its history. Defalcations aggregating $70,800 were discovered in the Irving Savings Institution at 96 Warren street to-day. The shortage was discovered by the State Bank Examiners, who are still at work on the books. The officers implicated are Clarence D. Heaton of Brooklyn, president, who has overdrawn his account $27,100, ex-Secretary W. H. Burton of this city and Paying Teller D. D. Tompkins. After the discovery of the defalcation the resignation of the three officers named were received and accepted, and the facts reported to the District Attorney. Counsel for the institution to-night gave out a statement saying that the deficiency was caused partly by the overdrafts of Clarence D. Heaton and William H. Buxton and the abstraction of funds by D. D. Tompkins. The $25,000 overdraft made by Buxton was at once made good by him by the payment of that much cash and about $1,200 was paid over by President Heaton. The bank is said to have a clear surplus of $675,000. MOBERLY, Mo., June 13.-The Exchange Bank of Moberly made an assignment today for the benefit of creditors. There is no statement yet, but it is believed that payment will be made in full. OMAHA, June 13.-The American National Bank was closed this morning by order of the Comptroller of the Currency. No statement of the American Bank has yet been made, but the Clearing-house has refused to assist it. It is understood its affairs are entangled with those of the MeGague Savings Bank, which closed yesterday afternoon. The Clearing-house, at a meeting last

3. June 14, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 14, 1893

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BANK FAILURES. Yesterday Contributes a Formidable List of Suspensions. Omaha, Neb., June 13.-The American National Bank was closed this morning by the order of the comptroller of currency. Runs are now in progress on the Globe Loan & Trust Company, the Dime Savings Bank and the Nebraska Savings Bank. No statement of the American bank has yet been made, but the clearing house refused to assist it. A. run of extensive proportions began on the Omaha Savings bank at the opening this morning, and all the morning the bank was besieged with depositors. Senator Manderson and VicePresident Kimball, of the Union Pacific, directors of the bank, made speeches to the crowd, guaranteeing them their money, but the run continued. The American Savings bank and the Dime Savings bank took advantage of the clause allowing sixty days grace on deposites. President McCague of the American National said this afternoon that his bank closed with almost $100,000 in cash, and the exchange in the bank and the mail brought remittances of $20,000 from New York. He said that while adverse circumstances had overtaken the bank, he was positive depositors would be paid in full. The Dime Savings Bank, American Savings Bank and the Globe Loan and Trust Company took advantage of the sixtyday rule, but the other savings banks paid their depositors in full on demand. Kansas City, June 13.-As a result of the suspension yesterday, of the Peoples' Savings Bank, a run was started on the Kansas City Safe Deposit, and the Savings Bank this morning. The bank took advantage of the thirtyday clause, and at noon the run was practically over. None of the other banks experienced a run. Nashville, Tenn., June 13.-The Nashville Savings Bank Company, of which Thomas Semarr is president, and the oldest financial institution in Nashvile, filed articles of assignment tonight. The liabilities are placed at $220,000 and the assets, according to the president's estimate, will pay not more than 25 or 30 per cent. Moberly, Mo., June 13.-The Exchange Bank of Moberly made an assignment today for the benefit of its creditors. No statement has been made yet, but it is believed payments will be made in full.

4. June 14, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 14, 1893

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BUSINESS TROUBLES. Runs on Several Banks in Omaha and Detroit-A Nachville Bana Faile. NASHVILLE, June 13.-The Nashville Savings Company, of which Thomas S. Marr is president, the oldest financial institution in Nashville, filed articles of assignment tonight. The liabilities are placed at $220,000 and the assets, accord. ing to the president's estimate, will pay not more than 25 or 30 per cent. KANSAS CITY, Mo. June 13.-As a result of the suspension yesterday of the Peopie's Savings bank a run was started on the Kansas City Safe Deposit and Savings bank this morning, but the bank took advantage of the thirty-day clause and at noon the run was practically over. None of the other banks experienced any run. MOBERLY. Mo., June 13.-The Exchange bank. of Moberly. made an assignment today for the benefit of its creditors. No statement is yet obtainable, but it is believed that payments will be made in full. -OMAHA, June 13-The American National bank was closed this morning by order of the comptroller of the currency. and runs are now in progress on the Globe Loan and Trust Company, the Dime Savings bank and the Nebraska Savings bank No statement of the American bank has been made but the clearing house refused to assist it. It is understood that its affairs are entangled with those of Mc. Cague's Savings bank. which closed yesterday afternoon. A run of extensive proportions began on the Omaha Savings bank at opening this morning, and all morning the bank was besieged by depositors. Senator Manderson and Vice President Kimbali, of the Union Pacific, who are directors of the bank. made speeches to the crowd, guaranteeing them their money, but the run continued. A bank examiner is in charge of the American National. The clearing house. at its meeting'la night, decided to give it no help. and the decision of the comptroller to close it followed. The statement made on May 4 showed: Capital stock $200,000 Lease and discounts 571,699 Surplus 16.000 Undivided profits 5,161 Due depositors 577,326 President McCague, of the bank said this afternoon that his bank closed with almost $100,000 in cash and exchange in the bank and the mail brought remittances of $20,000 from New York. He said that while adverse circumstances had overtaken the bank he was positive the depositors would to be paid in full, The Dime Savings bank, American Sav. ings bank and Globe Loan and Trust Company took advantage of the sixty-day rule, but the other savings banks paid depositors in full on demand. NEW YORK, June 1&-The correspondent here of the American National bank. of Omaha, is the First National bank. which reports a substantial balance to its credit. LANSING, Mich June 13.-The commis sioner of banking has received notice that the state bank at Crystal Falls has made an assignment. The capital stock is $250.000 and deposits $60,000. The bank is involved in the failure of the Plankinton bank at Milwaukee. DETROIT, June 13-Fourteen savings banks in this city, in view of the ten-

5. June 14, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, June 14, 1893

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Bask Failures. SNOHOMISH, Wash., June 13.-The Bank of Everett posted a notice on its doors this morning announcing that it had made an assignment for the bene. fit of Its creditors. The Institution was doing business under the state law, with a nominal capital of $50,000. Its paid up capital was $30,000. It is understood that the liabilities are about $65,000 and the assets $87,000. KANSAS CITY, June 13.-As a result of the suspension yesterday of the People's Savings Bank, a , run WRS started on the Kansas City Safe De. posit Bank. The bank took Advantage of the thirty-day clause, and at noon the run was practically over. LANSING, Mich., June 18.-The commissioner of banking today recelved a notice that the State Bank of Crystal Falls had madean assignment. The capital stock is $25,000 and the deposits $60,000. NASHVILLE, Tenn., June 18.-The Nashville Havings company, Thomas T. Marr, president, the oldest financial institution in Nashville, filed articles of assignment tonight. The liabilities are placed at $220,000 and the assets, according to the president's estimate, will not pay more than 25 or 30 per cent. MOBERLY, Mo., June 13. - The Ex. change Bank of Moberly made an 88signment today for the benefit of its creditors.

6. June 14, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 14, 1893

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To meet this emergency a request was made by the American National upon the clearing house association for funds to meet demands. The clearing house association was in session until 11 o'clock this morning. It was found that $160,000 would be needed, and the association decided not to advance this amount, as it was feared that the securities of the bank could not be realized upon promptly enough to ree lieve the bank's wants. Accordingly President John L. McCague decided not to open the doors of the bank this morning. This morning depositors, alarmed by reports, began a run on the savings banks of the city, the other national banks not being affected. The heaviest run was on the Omaha Savings bank. acknowledged to be the soundest concein in the city, where all depositora were paid in cash. At 3 o'clock the bank closed and notified depositors that it would open at 9a. m. and continue ta pay in full. LANSING, Mich., June 13. -Advices have been received by Bank Commiss sioner Sherwood from Crystal Falls, upper Michigan, that the State Bank of Crystal Falls has suspended payment. The bank was organized about a year ago with a capital of $25,000. It had deposits of $60.000. The cause of the failure 18 the suspension of the Plank inton bank. of Milwaukee. KANSAS CITY, June 12.-As a result of the suspension yesterday of the Pea ple's Savings bank, an insignificant institution with deposits of only $25,000, a run was started this moning on the Kansas City Safe Deposit and Savings bank. The bank took advantage of that clause of its by-laws rebuiring depositors to give thirty days' notice of the withdrawal of deposits. That checked the run, and at noon it was practically over. None of the other banks experienced a run. BURR OAK, Kan., June 13.-The - Bank of Burr Oak, owned by Hurlburg Bros., closed yesterday, with liabilities $35,000 and practically no assets. DETROIT, Mich., June 13. - What threatened to be a run on several save ings banks of this city was stopped by the officers of the savings banks issuing a notice that they would pay depositors only after ninety days' notice had been given. NASHVILLE, June 13. -The Nashville Savings Bank company, of which Thomas S. Marrs is owner and prest dent, filed an assignment tonight. The liabilities are $282,276, and assets valued at about $125,000. The deposits amount to $109,100.02 and certificates of deposit $72,911.21. Among the assets are $60,000 on deposit with Arthur Kalchen & Co. suspended bankers of New York. MOBERLY, Mo., June 13.-The Ex change Bank of Moberly, which is the depository for the citv, made a general assignment today for the benefit of creditors. No statement has been made as yet, but it is believed payments will be made in full, as the other banks are prepared to meet all demands.

7. June 15, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, June 15, 1893

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CONDENSED NEWS. The Exchange bank at Moberly, Mo., has assigned. Believed it will pay out in full. The Sulphur Lumber company, of Sulphur, Texas, has failed. Assets, $300,000; liabilities, $100,000. Key Rossman, who caused an explosion at a Helena, Mont., bank, is to be tried for insanity. The arbitration meeting between owners and strikers at the Kansas Coal mines is indefinitely postponed. Charles Egley, a work train employe, fell from the train at Cokeville, Idaho, and was instantly killed. The People's Guarantee Savings bank, at Kansas City, has assigned. Liabilities, $70,000; assets, $50,000 to $65,000. Extremely warm, dry weather prevailed yesterday in the Dakotas, Iowa and Miniesota. Crops are suffering. Charges of fraud and corrupt management are made in connection with the failure of the Mackaye Spectatorium at Chicago. John T. Wickham, who is wanted in Wyoming for the murder of two cattlemen during the rustler war, has skipped from Billings, Mont. The bank of Burr Oak, at Mankato, Kas., has failed. Liabilities, $35,000; assets, nothing. C. D. Hurlburt, one of the owners, has fled. The American Wheel Co.'s works, at Indianapolis, have closed and discharged the men. Branches at Memphis, Tenn., Paducah, Ky., and Hamboldt, Tenn., will also shut down. The McCague Savings bank, at Omaha, has closed. Its liabilities are estimated at $400,000 and assets at $460,000 to $475,000. Much of the latter are long-time real estate loans. The Park City bank, at Park City, Utah, has suspended. This caused a run on the First National bank, which met all demands. Cashier Richardson, of the Park City bank, is missing. Henry Lucas, while stealing a ride on a train, was run over and fatally at injured passenger Pocatello, Idaho. Before dying he said he had recently worked on a street car line in Denver. Train robbers boarded a Missouri Pacific train yesterday near Omaha and covered the engineer. At the Elkhorn crossing the headlight of an approaching engine frightened them and they fled. The report that the north line of the Cherokee Strip is to be fenced to keep out boomers is not true. There are public roads north and south at every mile, and on the border is another public road 175 miles long. Morris Wheeler, of Chicago, traded some Kansas City property for 2,400 acres of land in West Virginia. He searched for this land, but failed to find it, and James A. Bergon and Horace McKay are under $1,000 bonds in Chicago for their part in the deal.

8. June 15, 1893 Mexico Weekly Ledger Mexico, MO
Article from Mexico Weekly Ledger, June 15, 1893

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BANK DOORS CLOSED. Exchange Bank of Moberly, Mo., in Charge of an Assignee. MOBERLY, Mo., June 13.-The following notice was placed upon the door of the Exchange Bank of this city at 10 o'clock this morning. This bank is closed and now in possession of the undersigned, trustee under deed of assignment, for benefit of creditors. W.A. WIGHT, Assignee. The people are just beginning to realize the fact, and the usual excitement attending a bank failure is noticeable. The depositors, great and small, however, so far have expressed confidence that the bank will be able to pay off every dollar of its indebtedness. The Exchange Bank was the depository of the city of Moberly and the Moberly Building and Loan Association. Adam Given is president of the bank and E. O. Hannah cashier. The other banks of the city are fully prepared for every emergency and do not expect a run except by very small depositors. The deposits this morning far exceed the withdrawals.

9. June 16, 1893 Weekly Graphic Kirksville, MO
Article from Weekly Graphic, June 16, 1893

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The financial situation is growing brighter. -----Just remember when postoffice petitions are presented to you that Chas. Gartrell 16 still in the race. -Mr. Carlisle has to hustle to keep up the gold reserve. We can sympathize with him as we have had to do the same thing many times. We know how it is. -At a meeting of the Board of Regents Wednesday afternoon W. R. Laughlin of Monroe City, was elected Secretary of the board, and R. M. Ringo treasurer of the school. At the meeting of the Board of Regents Thursday afternoon, all the old faculty were re-elected except Prof. Sheldon, who resigned. Prof. Proctor was elected to Prof. Sheldon's position. Prof Arnold had his salary increased to $1000. --S.M. Pickler as master of cer emonies on Baldwin day was the right man in the right place. The great success and enjoyment of this eyer to be remembered occasion, were largely due to his happy faculty of saying what should have been said and doing what should|have been done at the proper time. -The exchange bank at Moberly failed Tuesday. This bank was the depository of the Moberly Building and Loan Association, and the Moberly school fund The Laborers of the Wabash rail road were also large depositors. The bank opened at 9 o'clock as usual and received deposits and an hour afterward closed its doors. The report has been circulated that Mr. Charley Gartrell has withdrawn from the postoffice The GRAPHIC contest. Mr. has Gar- the authority to state that trell has not withdrawn from the contest, nor does he intend to do 80. When nine-tenths of the patrons of the office want him for their next post-master there is no reason for him to get out of the race. -If the figures of the manufacturer's record are correct almost any town can afford 8 canning factory. It says that a plant having a daily capacity of 2,000 cans of three pounds each, will not cost for its entire I equipment more than $100, exclusive of the building and the brick used for the chimneys and to set the kettles. The equipment for a 4,000 can be had for Not canning $200. factory including bricks dollars or building three hundred will buy the equipment for a fac. tory turning out daily 10,000 cans of three pounds each. The average labor cost in 8 4,000 can fac. tory is about $25 per day. The Democrat of last week declared that the only interest the GRAPHIC had in the postoffice fight, was to raise h-1 among the Democrats. Any one who has watched the course of the GRAPHIC and who does his thinking in the front part of his head instead of behind his ears, would know better than to make such statement. to The GRAPHIC has more business V with the postoffice than any other n firm in the city, and from 8 busi11 neas stand point, if nothing else, tr EE desires to see the most competent man the office. As to raising en the sheol get among Democrats that re is not the GRAPHIC'S business. Gov. Stone has that part of the program in charge, and judging pl by the latest evidence, he is succeeding admirably. lia Kirksville has been proud G this week to entertain Dr. Bald-

10. June 21, 1893 The Advocate and Topeka Tribune Topeka, KS
Article from The Advocate and Topeka Tribune, June 21, 1893

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and morning, statement is unobtainable. The cause is supposed to be the failure of the Fairchild woolen mills. ARKANSAS CITY, June 15.-The First National bank of this city, one of the oldest, and until recently considered one of the strongest financial institutions in the southwest, failed to open its doors this morning. WESTON, O., June 14.-The Exchange t Banking Company, with 8 capital srock of $50,000, has been compelled to suspend because of the heavy runs the past few days. It is thought the depositors will be paid in full. NEW YORK, June 14.-Ernest E. Kipling, importer of precious stones, with branches at Providence, R. I. and Paris, has suspended and a receiver appointed. The stringency in the money market and the heavy losses by recent jewelry failures is given as the cause. The liabilities are about $150,000, the assets will exceed that amount. ROCKFORD, ILL., June 14.-The Rockford Folding Bed Company assigned. The liabilities, $50,000; assets, $25,000. DENVER, June 14.-The Pioneer Lithographing Company has made an assignment. Liabilities, $35,000; assets, $55,000. CHAMBERLAIN, S. D., June 14.-The Brule county bank closed its doors owing to the failure of the Union Stock Yards bank at Sioux City. PARSONS, KAS., June 13.-The City bank of Angell, Matthewson & Co. of this city made an assignment this morning. The failure is due to an overstock of real estate. The liabilities are between $120,000 and $125,000. The firm has turned over $350,000 in real estate to satisfy creditors. The assignment in no wise affects the other banks of the city, or any other business enterprise. LANSING, MICH., June 13.-The state bank of Crystal Falls made an assignment to-day. The capital stock amounts to but $25,000 and deposits at $60,000. The bank was involved in the failure of the Plankinton bank in Milwaukee. CLEVELAND, O., June 13.-The Williams Publishing company, one of the largest printing houses in the state, passed into the hands of 8 receiver today to avoid a threatening onslaught of creditors. They expect to clear themselves. MOBERLY, Mo., June 13.-At10o'clock this morning the following notice was placed upon the front door of the Exchange bank of this city, of which Adam Given is president and O. E. Hannah cashier: This bank is closed and now in possession of the undersigned assignee under deed of assignment for benefit of creditors. W.A. WRIGHT, Assignee. NASHVILLE, TENN., June 13.-The Nashville Savings Co., Thomas S. Marr, president, the oldest financial institution in Nashville, founded in 1853, nled articles of assignment to-night at 9 o'clock. The liabilities are placed at $222,000, and the assets, accordiug to the president's estimate, will pay not more than 25 or 30 per cent. Among the stated assets is $60,000 due from Arthur &

11. July 6, 1893 Mexico Weekly Ledger Mexico, MO
Article from Mexico Weekly Ledger, July 6, 1893

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The Moberly Bank Crash. MOBERLY, Mo., June 30.-Excitement over the Exchange Bank failure, which occurred in this city three weeks ago, seems to grow as the case becomes developed. Attachments to the amount of $40,000 have been run on the private properties of the president and other officers of the bank since the filing of an inventory of its assets by the assignee Wednesday morning. To-day suit was instituted by the attorney against the City Treasurer, V. M. Tedford, and all his bondsmen, to recover $13,185 tied up in the bank. Attachments were run on three of them. It is believed that all his bondsmen lost such amounts in the failing institution as to render them almost worthless as bondsmen. Hence the suit.