10484. Bank of Mound City (Mound City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 27, 1931
Location
Mound City, Missouri (40.131, -95.232)

Metadata

Model
gpt-5-mini
Short Digest
80cda1e4

Response Measures

None

Description

Articles report the Bank of Mound City failed to open (closed) in Aug 1931 and was subsequently put into liquidation by the State Finance Department (deputy commissioner appointed to liquidate) in Feb 1932. OCR errors in Article 1 (Holt/Mound Holt) corrected. No explicit run described in the articles — closure appears to be regulatory/state liquidation rather than a depositor run. Court docket later (Oct 1932) shows bank involved in suits (consistent with liquidation claims).

Events (3)

1. August 27, 1931 Suspension
Cause
Government Action
Cause Details
Bank failed to open and was closed; subsequently taken into state custody and liquidated by state finance authorities (implied regulatory action).
Newspaper Excerpt
TWO BANKS CLOSED IN MOUND CITY, MO. ... The Bank of Mound City, headed by John B. Graham, had resources ... deposits of $139,644 ... failed to open Thursday.
Source
newspapers
2. February 5, 1932 Receivership
Newspaper Excerpt
W. H. Weightman, who is Deputy State Finance Commissioner in charge of the affairs of the Bank of Mound City, has been appointed in that capacity to liquidate the Holt County Bank. ... experience gained in the liquidation of the Bank of Mound City . . . Mr. Weightman will close the bank Thursday evening for a period of a week or ten days to permit the clerical force to prepare and fill out blanks for the claims for offset, claims of depositors, etc., and file them in alphabetical order. (Mound City News-Independent). (Feb 1932 article). (excerpt). By the appointment of Mr. Weightman the depositors of both banks will be saved much liquidation expense. (Note: this passage indicates the Bank of Mound City was already in liquidation and that the deputy commissioner handled its affairs.)
Source
newspapers
3. October 14, 1932 Other
Newspaper Excerpt
Bank of Mound City vs. John G. Graham; suit on note. Bank of Mound City vs. Ida M. Black, et al; suit on note.
Source
newspapers

Newspaper Articles (3)

Article from Des Moines Tribune, August 27, 1931

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Article Text

TWO BANKS CLOSED IN MOUND CITY, MO. JEFFERSON CITY, MO. (U.P.) Two of the three banks in Mound Holt failed to open Thursday. The two Holt County bank and the Bank of Mound City, had combined of more than The Holt County bank. of which B. Smith president, had of capital stockof surplus deposits of $237,772 and loans of The Bank of Mound City, headed by John B. Graham, had resources of capital of surplus of $12,500. deposits of $139,644 and loans of


Article from The Fairfax Forum, February 5, 1932

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Article Text

lifting anything, they get the backache "Men who hang around waiting for something to turn up, should begin with their own sleeves." "When you help someone in need, do not brag about it." An Estimate of Washington. For many years have studied minutely the career of Washington and with every step the greatness of the man has grown upon me, for analysis has failed to discover the act of his life which, under the conditions of the time, I could unhesitatingly pronounce to have been an error. Such has been my experience and, although my deductions may be wrong, they at least have been carefully and slowly made. see in Washington great soldier who fought trying war to successful end impossible without him; a great statesman who did more than all the other men to lay the foundations of a republic which has endured in prosperity for more than a century. find in him a marvelous judgement which was never at fault, a penetrating vision which beheld the future of America when it was dim to other eyes; a great intellectual force, a will of iron, an unyeilding grasp of facts, and an unequalled strength of patriotic purpose. see him, too, a strong and high-minded gentleman, of dauntless courage and stainless honor, simple and stately of manner. kind and generous of heart. Such he was in truth. The historian and the biographer may fail to do him justice, but the instinct of mankind will not fail. The real hero needs not books to give him worshippers. George Washington will always receive the love and reverence of men, because they see embodied in him noblest possibilities of humanity. The Watson Game. The Watson teams arrived late. We are sorry to have this happen. We expect to start our activities on time and shall do so except when absolutely impossible. The temperature was unusually low. This was a handicap to the visitors and the reason for the tardiness. The girls' game was slow and offered no thrillers. The opposition was unprepared for the game. They have no outdoor court on which to practice. The Green and White took the lead early and increased it throughout the game until the final count was 42-3. The boys' game was rough and awkward. The Fairfax boys showed good organization and system, but were unable to hit. The contest ended in favor of Watson. We expect two fast and close melees tonight when our teams clash with Rock Port. Our girls have won one and lost one to Rock Port this year. See 'em tonight (Friday). Our boys have won their only contest with Rock Port this season. Grade Notes. Two pupils in the first grade were absent last week because of sickness. Patty Chase and Bevery Hedrick. Eunice Davenport was absent The third and fourth grade boys formed a club called the S. R. Club. All of the boys have joined this club which holds its meetings every Wednesday evening after school. The club has a group of rules which if followed will surely make a model group of boys. The third and fourth grades received large picture of Georgé Vashington which was presented to them by the school board. All of the lower grades are putting up their February decorations this week. High School News. All of the English classes have taken the study of their classafter two weeks drill in the parts of speech. Claire Whitford is giving forty five minute talks on banking to the seniors this week The Freshman class is beginning work on their projects science. They have to make something demonstrating some scientific principal they have studied. James Steele and Wayne Stepp were awarded their letters in bate Tuesday. The boys were inexperienced in the art of declamation but they gave a good account of themselves nevertheless. Assembly. Assembly was held Tuesday morning in study hall. The meeting opened with a scripture reading and prayer by Mr. Booth. Two numbers followed by the first and second grade orchestra led by C. J. Brandon. After this show of talent James and Wayne were awarded their letters for debate. A piano solo was played and a few songs were sung by the group. The clases then retired to their rooms. WEEK IN MISSOURI HISTORY. Compiled by the State Historical Society of Missouri, Columbia; Floyd C. Shoemaker, Secretary Gad's Hill Train Robbery. Isolated and loney in its midwinter setting in the Ozark foothills, Gad's Hill in Wayne county in the late afternoon of January 31, 1874, was the scene of the first train robbery in Missouri. When C. A. Alford, the conductor of the Little Rock Express of the Iron Mountain Railroad, alighted from the train as it came to a stop at Gad's Hill, a man grasped his collar, thrust a pistol in his face, and ordered him to "Stand still, or I will blow the top of your head off." Tradition has it that either Jesse or Frank James, leaers of the notorious James gang, greeted the conductor with these words. Others of the band of five men who committed the robbery captured the remaining members of the train crew and conducted them to the station house, where they were placed under guard, along with the station-agent and several bystanders who had been cantured when the robbers appeared at Gad's Hill about 3:00 o'clock that afternoon. The bandits had placed a red flag in the middle of the main track and turned a switch to siding to make sure the train would stop at Gad's which was only a flag-station. The extime at 5:40 p. m. Contemporary newspaper accounts. however, say that the robbery took place between 4:30 and 5:00 o'clock. While two of the band stood guard, the remaining three bandits looted the express car and robbed the astounded passengers. The train robbery at Gad's Hill is said to be the second committed in the United States. All the robbers were masked, and, as they robbed the passengers, kept up a constant flow of conversation and banter. The amount obtained by the bandits from passengers, train crew and express messenger has been variouly estimated by writers at between $5,000 and $20,000. Under guard of the robbers, the trainmen were placed back on the train and ordered to "pull charateristic Jesse James gesture, longer. one of the robbers presented trainman with a written account of the robbery, for the use of newspapers. A robbery the band had committed shortly before had been incorrectly reported in the newspapers, the bandit said, and he wanted a correct account printed this time! The train proceeded to the next station on the line, Piedmont, it. where telegrams were sent in various directions, and posses organized to pursue the robbers, but the bandits never were trailed successfully. Even today it is not definitely known who all five robbers were. Most writers agree that Frank and Jesse James were there. The other three may Have been among the following men: Clell Miller, Jim Cole and Bud Younger, and Arthur McCoy. To the ingenuity of Jesse James, or at least to that of a member of his gang, goes the dubious credit for originating the idea of robbing trains. It was in Missouri, however, but in Iowa, that the first train robbery was held. On July 21, 1873, Rock Island train was wrecked by the James gang near Adair Iowa. One man was killed and $3000 in loot obtained. Twelve hours later an express train, carrying $75,000 which the gang had expected to get, passed safely by the place where the preceding train had been wrecked. Before hitting on the idea of train robbing, the James gang had participated in numerous other robberies, principally banks. After the Iowa train robbery, the gang proceeded back into Missouri and then to Arkansas where on January 15, 1874, they held a stagecoach near Hot Springs. For years the James gang was the terror of not only Missouri, but of the Middle West. Their operations covered many states and are all the more unusual considering the slow methods of travel in those days. The gang usually traveled by horseback. Death and capture thinned the ranks of the gang in later years when public sentiment was aroused against the robbers. For fifteen years, however, from 1866 ger to 1881, the gang operated on an extensive scale, On April 3. 1882. Jesse James was shot and killed by Robert Ford. a member of the gang, at St. Joseph. Four months later, Frank James had surrendered to state authorities, and the operations of what had been called one of the most notorious outlaw gangs of the country was forever ended. Mound City News-Independent: W. H. Weightman, who is Deputy State Finance Commissioner in charge of the affairs of the Bank of Mound City, has been appointed in that capacity to liquidate the Holt County Bank. He was given his credentials Friday morning by R. E. Shelby who had been in charge. The bank was opened Wednesday and Thursday all day to accommodate patrons who had papers in the vault for safe keeping. Mr. Weightman will close the bank Thursday evening for a period of a week or ten days to permit the clerical force to prepare and fill out blanks for the claims for offset, claims of depositors, etc., and file them in alphebetical order. By so doing the work of settling with depositors will be speeded up considerably. This action has been advised by the State Department, and appears to be worthwhile in the light of experience gained in the liquidation of the Bank of Mound City. George Poynter, who was the cashier of the Holt County Bank, has been retained to assist in the shaping up of the mass of clerimain at the bank for three or four weeks. After that time it is the intention of Mr. Weightman to handle the affairs of both banks from his own office. Maurine Aeby will assist him there. By the appointment of Mr. Weightman the depositors of both banks will be saved much liquidation expense. One deputy state finance commissioner and one stenographer can easily attend to the affairs of both banks after the first rush of the work is met. American business has weathered a lot of depressions, and increased prosperity has followed each of them. There can surely be no exception in the case of the one now at which, by the can't way, by any chance have as many lives


Article from The Holt County Sentinel, October 14, 1932

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Article Text

OCTOBER CIRCUIT COURT OPENS SESSION ON 24TH Criminal Docket Lighter, But Law and Equity Portions Have Good Run of Cases Corning, Mound City Closed Banks Among Equity Cases for Coming Term STATE OF MISSOURI John King; parole. John Book; parole. Brooks Williams; parole. Tyle Chesney; parole. Don Williams; parole. Herbert Sahlin; parole. Ray Butcher; parole. Charles Koock; parole. Jack Brock, Frank Powers; paroie. William Long; stealing chickens in the night time. Glen Sanderson; stealing automobile. Russell Carlton; possession of still. William Jackson; possession of toxicating liquor. James Redmon; possession of toxicating liquor, James Redmon; possession of still. Arthur Worley; assault. Joe Miller; petit larceny. Frank Quimby; possession of still. Dick of intoxicating liquor. Vaughn Duncan; possession of toxicating liquor. Vaughn Duncan; possession of toxicating liquor. Guy Kissier; possession of intoxicating liquor. Earl Baker; sale of intoxicating liquor. Ray Soward; burglary. James Redmon; manufacture of toxicating liquor. Sam Butrick; assault. Fred Traub; assault. Clyde Traub; assault. Grover Hatcher; stealing hogs from Alf Kunkel. Grover Hatcher; stealing hogs from Gordon Roberts. Grover Hatcher; stealing tires, Clarence Martin, Clyde Martin, Paul Brooks; stealing hogs. R. Yount; stealing cattle, John Erickson; stealing canned fruit Yount stealing canned fruit. John Erickson; stealing cattle. Truman Soward; assisting jail break. Kenneth Schooler; removing mortgaged property. Martin Scarbrough; stealing cattle. LAW DOCKET Schooler Brothers vs. Mound City Light Co.: damages. Harry Larson vs. Margaret Anthony; appeal from Missouri Valley Dr. Dist. vs. Mary Nabb, et al; condemnation. Emil Wank vs. Ralph M. Taylor; account and contract. Rose vs. Alfred Sloey; damMustion Gibson; Farmers Bank of Maitland B. Bridgemon; note and attachment. Sam Hibbard James H. Hibbard: attachment. Emmett Fitzmaurice vs. R. Co.: damages. John Broce Henry Schrupp, et damages. Fred Garoutte vs. G. E. Gelvin, damages. Layfette Dowis vs. Emmett Haer; suit note. Curtis Palmer A. Hillix, al: damages. Mariah Jenson VS. Elizabeth Hinderks, Exec.; contest will. Clarence Nauman Thomas Quimdamages. Fred Vandersloot vs. Earl Kable; replevin. State ex rel Collector vs. E. Richards, et al; taxes. Dr. Jas. Tracy VS. Georganna Merrett, al; suit on note. Bank of Mound City vs. John G. Graham; suit on note. Bank of Mound City VS. Ida M. Black, et al; suit on note. State Mound City School District vs. Fred Cottier, et al; suit bond. Fidelity and Guar. Co. S. Harrington; account and bond. State rel Holt County vs. Robert Jackson, et suit on bond. St. Louis Joint Bank vs. Willis Vance, et al ;notes. Mary Graham Ralph Graham, Byran Goolsby; to set aside fraudulent and damages. Bank Corning Glen Davis, Deft., E. Thompson, Garnishee; note and garnishment. Fred Vette Motor Co.: replevin. Walter King vs. Fred Vette, al; suit on replevin bond. Maida M. Cannon VS. Wm. Weightman, et al; suit on note. Medicine Co. vs. Bostwick, et al; account and contract. John Miller VS. Nancy Tay lor, et al; to ascertain and determine title. Orville Gaines vs. damages. BURNES NAT'L BANK, H. Campbell, al; note. Todd; note. (Continued on Page Eight)