10480. Farmers & Traders Bank (Montgomery City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 27, 1891
Location
Montgomery City, Missouri (38.978, -91.505)

Metadata

Model
gpt-5-mini
Short Digest
c5a50de1

Response Measures

None

Description

Newspaper reports (dated May 1891) state the Farmers & Traders Bank of Montgomery, Mo., is closed/closed its doors after discovery of a shortage and the cashier (Covington / H. W. Covington) missing. Amount of shortage differs across reports ($93,000 in one OCRed article vs. $10,000 in another); no reopening or receiver assignment is mentioned in the provided articles. Classified as suspension_closure (suspension with permanent closure implied).

Events (1)

1. April 27, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a large shortage in the bank's accounts and disappearance/missing cashier (Capt. / H. W. Covington); suspected embezzlement or theft. (Note: one article reports $93,000, another $10,000.)
Newspaper Excerpt
MONTGOMERY, Mo., April 27 - The Farmers' and Traders' bank is closed, to the uncertainty as to its condition...the cashier, Capt. Covington, ... disappeared... whether $93,000 in loss ... or whether the money ... has been taken by burglars
Source
newspapers

Newspaper Articles (2)

Article from Arizona Weekly Citizen, May 2, 1891

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Article Text

THE EXERCISES. SAN FRANCISCO, April 27.-President and Mrs. Harrison and party accompanied by Mayor Sanderson and members of the reception committee, left the Palace Hotel this morning in carriages for a drive to the Golden Gate Park, It had also been arranged that a re view of school children should take place on Van Ness Avenue, as the day was bright and clear. They gathered in full force, decked in their best. many bearing flowers or small American flags. The children were with their parents or friends, and extended fourteen blocks in length. As the carriages containing the party passed between the lines they were greeted with cheers from hundreds filled of small throats, and the air was with flying boquets and waving flags. It is estimated that there were fully 30,000 people on the avenue. Some time was spent by the president in but reviewing the long lines of children, the carriages were eventually turned in the direction of Golden Gate Park. at Mr. Wanamaker left the party Van Ness Avenue and returned to inspect the postoffice and proposed sites for the new building at the park, which was well filled with people, many of whom had come from towns across the bay. The president was received with cheers and waving handkerchiefs, to which he responded by bowing. A stop was made at the conservatory, where the party of commissioners pointed to Mrs. Harrison and other interested the most noteworthy of interest in members Other points the park exhibits. party were also visited. The presidential of then proceeded to the residence Adolph Sutro, at Sutro Heights, oyerlooking the Pacific Ocean, where they were to lunch. MADRID, April 27. It is reaffirmed he the Insurgent Chilian ironclac, the Blanco that Encalacada has been sunkas by result of an attack made upon her war and that the loss of the vessel torpadoes was attended by great loss of life. PARIS, April -Advices from Chi Calstate that during the battle sunk at now the Monitor Huasdure was the as dera weil as the Blanco Encalada by Chilian fleet. It is said that President Balmaceda is as much as dead, being poisoned. NEW ORLEANS, La., April 27-The SuCourt has decided the lottery preme mandamus case in favor of the Lottery Company. M CHICAGO, April 7-The fight against Union b charged on the Cattle Stockyards yardage Company, by Nelson Morris, Co., h behalf of himself, the Armour In on was begun this morning. to reach the Morris for care to be run over order and Swift, yards Stock it the is necessary owned and operated by has refused to allow Co.,which tracks the their guard use. switches and putting a the spiking them. Morris will apply to comover for an order compelling the cattle courts pany to allow him to transport his to his yards. SCOTTDALE, Pa., April 27. The gencondition of the coke region today have eral is that of quietness. No evictions taken place, but some may take place at Meisenring this afternoon. No trouble the is anticipated. The proprietors of Painter works have information of a proposed raid on that plant and have doubled their force to be propared for emergency. All the plants before any reported in operation are running today. and Today two more plants, the Decter Franklin, will make an effort to resume of The Frick company will ship 130 cars coke today. No further trouble is after- expected in the region. Saturday a large mass meeting was held has at the noon Standard works, but its object not been developed, This morning Sheriff Clawson left Mount Pleasant for Pittsburg to procure additional arms for deputies. Before leaving he posted proclamation warning the strikers to abstain from assembling and interfering with the business of the coke operators. MONTGOMERY, Mo., April 27 - The and Traders' bank is closed, Farmers' to the uncertainty as to its conowing Capt. Covington, its cashier, to dition. and people are at a loss he is responsible for the shortage of of know disappeared, mysterious whether $93,000 in loss the account, or whether the bank's SO preyed upon him as to it un- is the money his mind. The money, balance thought, has been taken by burglars of who entered the bank in the absence the cashier,


Article from Perrysburg Journal, May 2, 1891

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Article Text

A Kansas City (Mo.) dispatch says that J. D. Rockefeller, of the Standard Oil Company, has been decided upon by the stockholders as the president of the Missouri, Kansas & Texas railway, which will be taken out of the hands of the receiver in May. The grand jury at Waco, Tex., has adjourned after a searching investigation into the alleged municipal election frauds. Thirty-four indictments were returned against prominent citizens. The Farmers' and Traders' bank, of Montgomery, Mo., closed its doors on the 27th ult., in consequence of the discovery of a shortage of $10,000. The cashier, H. W. Covington, has been missing for several days. Joseph Le Claire, ex-city treasurer of Depere, Wis., who recently went out of office indebted to the city to the amount of $1,500, disappeared several days ago and it is feared he has committed suicide. The funeral of the late Cool White, the celebrated minstrel, took place at Chicago on the 27th ult. The services were conducted by the Chicago lodge of Elks, of which deceased was the founder, and the interment was conducted with the rites and ceremonies of that order. The historic old log cabin in St. Louis county, Mo., which the late Gen. U. S. Grant erected with his own hands and with logs cut and hewed by himself, will soon be removed from its present site and shipped to Chicago, where it will be re-erected for exhibition at the world's fair. The cabin, which was erected in 1854, is fifty feet long and twenty wide, and is divided into four large rooms. At Monroe, Mich., on the 27th ult., as Turnkey Teherer entered the cell of two colored tramps who were contined in the county jail awaiting trial for attempted burglary, he was set upon and a desperate attempt made to secure his keys, and thus to escape. The officer in the fight sho both men. One was killed instantly and the other will die.