10496. Citizens Bank (Nevada, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 10, 1891
Location
Nevada, Missouri (37.839, -94.355)

Metadata

Model
gpt-5-mini
Short Digest
df560b6a

Response Measures

None

Description

The Citizens Bank of Nevada, MO, closed/suspended operations July 10–11, 1891 and passed into receivership (A. E. Fordham). Contemporary reports attribute the failure to money-market stringency, slow collections, depreciation of values and withdrawals; later reporting shows a receiver's statement and arrests of officers. No clear discrete run (misinformation-triggered) is described—closure appears to be suspension/failure leading to receivership.

Events (5)

1. July 10, 1891 Suspension
Cause
Macro News
Cause Details
Closure attributed to stringency of the money market and slow collections; depreciation of values and withdrawals also cited.
Newspaper Excerpt
NEVADA, Mo., July 10.-The Citizens' bank, of Nevada, closed its doors this morning. The failure is attributed to the stringency of the money market and slow collections.
Source
newspapers
2. July 11, 1891 Other
Newspaper Excerpt
The Citizens' bank of Nevada closed its doors and with it three other banks in the county... passed into the hands of receivers (A. E. Fordham).
Source
newspapers
3. July 11, 1891 Receivership
Newspaper Excerpt
passed into the hands of Receiver A. E. Fordham.
Source
newspapers
4. August 6, 1891 Other
Newspaper Excerpt
The assignee of the defunct Citizens' bank of Nevada has filed his statement. The figures balanced at $199,174.52... deposits at the time of the last statement in June, $130,000. The cash found in the bank by the receiver was $561.38.
Source
newspapers
5. August 18, 1891 Other
Newspaper Excerpt
Upon information of Charles Trummer, a depositor of the suspended Citizens' Bank of Nevada, Mo., President Wm. Christian, Cashier O. K. Caldwell and Director W. H. Robinson were arrested yesterday.
Source
newspapers

Newspaper Articles (16)

Article from The Wichita Daily Eagle, July 11, 1891

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FAILURES. LOUISVILLE, Ky., July 10.-The Falls City National bank went to the wall this morning. The bank made an assignment to the Mechanics' Trust company and closed its doors. The liabilities are $431,300. The assets are $1,223,000 (nominally). From the beginning of the financial panic last year the bank has been on the ragged edge, and has been carried along by the clearing house. Depositors will be paid in full and stockholders will receive about 35 cents on the dollar. NEVADA, Mo., July 10.-The - Citizens' bank, of Nevada, closed its doors this morning. The failure caused great consternation among depositors and business men. The bank claimed a capital stock of $100,000. A notice was posted on the front door of the bank, stating that the stockholders of the bank hoped to pay all claims against the bank at an early date. The bank claims a surplus of $12,000 and a fine building. The failure is attributed to the stringency of the money market and slow collections. All the county funds are locked up in the bank. The amount of the liabilities cannot be ascertained. The failure of the Citizens' bank forced to the wall its three branches in this county. They were located at Bronough, Walker and Sheldon. The institution, its branches included, was capitaiized for $100,000* but of that amount only $68,400 was paid in. It is impossible at present to obtain an estimate of the assets and liabilities of the concern.


Article from The Indianapolis Journal, July 11, 1891

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FAILURE AT LOUISVILLE. Doors of the Falls City Bank Closed-Liabilities, $431,300; Assets, $1,223,000. LOUISVILLE, July 10-The Falls City Bank went to the wall this morning. The bank made an assignment to the Mechanics' Trust Company and closed its doors at No. 701 West Main street. From the beginning of the financial panic last year the bank has been carried along by the clearinghouse, being on the ragged edge all the time. It has been known for several days that it was only a matter of time before the bank would have to go. Depositors will be paid in full and the stockholders will get possibly 35 cents on the dollar. The capital stock of the bank is $600,000. J. T. Moore is president. Maj. W. M. Tillman, cashier, gave out the following statement: Individual deposits, $161,000; savings deposits, $80,700; certificates of deposit, $15,700; due banks and the clearing-house, $223,900; making the total liabilities, $431,300. Total asssets, nominal, $1,223,000. Four Missouri Banks Closed. NEVADA, Mo., July 10.-The Citizens' Bank of Nevada closed its doors this morning, and with it three other banks in the county. The Bank of Sheldon, Bank of Walker and Bank of Bronaugh, all under its control. passed into the hands of receiver A. E. Fordham. The capital stock of the Citizens' Bank is $100.000, but with all four there was only a paid-up stock of $68,400. No statement of assets and habitities has been made. Depreciation of valnes and withdrawals of deposits 18 given as the cause. Other Business Troubles. CHICAGO, July 10.-A bill filed in the Circuit Court to-day to dissolve the Marden frog and crossing-works alleges that William J. Marden, its president, has fraudulently appropriated to his own use over $50,000. The complainants are Wilson H. Brown, of New York; James M. Flower and Columbus R. Cummings, of Chicago, and Preston B. Houston, of Jamestown, N. Y., owning 2,141 shares of the company's $500,000 capital stock, while Marden owns 2,502 shares. The court is asked to wind up the business and dissolve the corporation. CHICAGO, July 10.-R. W. Dunham, of the grain commission firm of R. W. Dunham & Co., which retired from business a short time ago and then got into a legal tangle with the creditors, has made a proposition to settle his $400,000 liabilities. He proposes to pay in full; 50 per cent. cash and 25 per cent. each in one and two years. JACKSONVILLE, Fla., July 10.-The Lake City Bank failure is more serious than was supposed, and the general impression is that it is a complete wreck, though the president says he will pay out. The best business men are badly hit. The county funds are said to be secured. NEW ORLEANS. July 10.-H. Kern & Co., dry goods, have asked their creditors for a respite. Assets. $179,000; liabilities, $114,000.


Article from San Antonio Daily Light, July 11, 1891

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LATE TELEGRAMS BCILED DOWN FROM PRIVATE, SPECIAL AND OTHER SOURCES. Vessels drawing 17 feet come in over the Brazos bar without tug. Kern & Co., New Orleans dry goods are in a corner and ask a respite. Austin expects 2,500 troops at the state camp. Texas cotton reports indicate a tremendous crop. Citizens' bank, Nevada, Mo., closes doors. Railroad commission gives rates on wood, wheat, bagging and ties. City Marshal West. of Texarkana, shot and killed by J. D. Gaines. Chickasaw militia are cutting wires around the big pastures. Hayes County Alliance entertains District Alliance July 21. Work on Karnes City depot S. A. P. will commence at once. Uvalde burglars are very busy making water hauls. Cuero names her committee to look after World's fair matters. Emperor William goes to Guildhall and lunches with the Lord Mayor. Prince of Wales is hooted and jeered driving through Ludgate circle. Fall trade outlook at St. Louis is very promising. The district and county attorneys who meet at Fort Worth next week, will go to the City of Mexico. President Round, of Mexican National, returned from Europe, passes Laredo homeward bound. Chinamen coming into the United States, via Canada, are ordered to San Francisco to be sent home. Copper in excess of two per cent in lead ore is to pay duty of 1 2 cent per pound. Wanamaker pronounces Bardley's statements as to his connection with Keystone bank to be absolutely false Wanamaker produces testimony to show that he never delayed the closing of the Keystone bank. Wanamaker knows nothing of the 3,000 shares of stock to his credit in the Keystone bank. Cotton crop averages run from 77 to 95, Texas being highest,North CaroliLite lowest. Wanamaker's statement before the committee is exactly as made a month ago. Business of all kinds shows most conservative movement, according to Dun & Co. William at Guildhall assures Eng land of Germany's warm friendship for her. Fred Douglass says Hayti cares no more for a white diplomat than a black. White settlers are run out of the Indian Territory by Agent Bennet and the militia. Farrell's saw mill near Gladewater, and Harris's saw mill near Jefferson, destroyed by fire. The Neiman-Musky feud breaks out afresh in Waller Co., and John Neiman is shot. Cotton receipts at Galveston reach1,000,000 bales; the exchange jubilates today. France and Russia regard William's visit as in the interest of the European alliance. Small revolutionary parties prowl about Guatemala, but there IS no general movement. The negroes to be hung at Charles City yesterday were respited at the last hour. Hogg gives no satisfaction as to the extra session; it may or may not be called. New York money is easy on call at from 1-2 to 2 per cent. Silver $1.00 1-2. Southern railway and steamship association meets, but cannot agree on rates. The anti-sub-treasury men are in session at Fort Worth; B. F. Kendrick elected president. No sub-treasury advocates "are allowed to participate in the Fort Worth meeting. Evening session of anti-sub-treasury alliance men was devoted to speech making. Judge Stillwell encourages the democrats to believe that they can carry Ohio. Farmers co-operative convention to regulate grain prices meets at Topeka August 20th. Allee testifies to shooting Bowen, but swears Bowen shot first, and that he did not have his pistol out until Bowen fired. Falls City bank, Louisville, goes to the wail. Liabilities $341,000, nominal assets $1,223,000. Due depositors $191,700. The French and German socialists were conspiciously absent from the


Article from St. Paul Daily Globe, July 11, 1891

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BANKS ON THE ROCKS. Three Monetary Institutions Have Hard Luck. LOUISVILLE, Ky., July 0.-Financial circles received a shock this morning when it was officially announced that the Falls City bank had closed its doors. It was a private corporation and has been in a shaky condition since last fall, when a run was made on it by its depositors. The liabilities are supposed to be about $1,300,000. Assets, $100,000. Its capital stock was placed at $600,000. The bank officers state that their assets will be $1,200,000 and liabilities a little more than half that amount. The depositors will be paid in full, and it is expected that there will be something left for the stockholders. The bank's money was tied up in loans, and this together with the depositors' withdrawals, brought about the collapse. NEVADA, Mo., July ).-The Citizens' bank of Nevada closed its doors this morning, and with it three other banks in the county. The Bank of Sheldon, Bank of Walker and Bank of Bronaugh, all under its control, passed into the hands of Receiver A. E. Fordham. The capital stock of the Citizens' bank is $100,000, but with all four there was only a paid up stock of $68,400. No statement of assets and liabilities has been made. Deprecation of values and withdrawal of deposits are given as the causes. JACKSONVILLE, Fla., July 10 -The Lake City bank failure IS more serious than was supposed, and the general impression is that it is a complete wreck, though the president says he will pay out. There are many more depositors than was supposed. The best business men are badly hit. The county funds are said to be secured. There is still no definite statement of the liabilities. The individual and firm losses range from $5,000 to a few dollars.


Article from The Morning Call, July 11, 1891

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BUSINESS REVERSES. The Falls City Bank Fails for Quite a Large Sum. LOUISVILLE, July 10.-The Falls City Bank made an assignment this morning. Major Tillman, the cashier, says the liabilities are $431,000; assets, nominal, $1,233,000. It is said that from the beginning of the financial panic last year the bank has been carried along by the Clearing-house, being on the ragged edge all the time. The bank owes the Clearing-house $223,900. It has been known for several days that it was only a matter of time before the bank would have to go. The depositors will be paid in full, and the stockholders will get possibly 35 cents on the dollar. There was a shaky feeling on the street for 8 while, but later things recovered. JACKSONVILLE (Fla.), July 10. -The Lake City Bank failure is more serious than was supposed, and the general impression is that it is a complete wreck, though the President says he will pay up. KANSAS CITY, July 10.-A Nevada (Mo.) special says: The Citizens' Bank of Nevada closed its doors this morning. The notice stated that the stockholders of the bank hoped to pay all claims against the bank at an early date. The bank claims a capital stock of $100,000 and a surplus of $12,000. The failure is attributed to the stringency of the money market and slow collections. All the county funds are locked up in the bank. The amount of liabilities cannot be ascertained. The failure of the Citizens' Bank forced to the wall its three branches in this (Vernon) county. They were located at Brenaugh, Walker and Sheldon. It is inpossible at present to obtain an estimate of the assets and liabilities.


Article from The Seattle Post-Intelligencer, July 11, 1891

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BUSINESS TROUBLES. Chicago Corporation Wrecked-Five More Southern Banks Fall. CHICAGO, July 10.-A bill filed in the circuit court today to dissolve the Morden Frog and Crossing Works alleges that W. J. Morden, its president, has fraudulently appropriated to his own use over $50,000, ostensiby as salary, royalties, commission, etc. The court is asked to wind up the business and dissolve the corporation. R. W. Dunham, of the grain commission firm of R. W. Dunham & Co., which retired from business & short time ago, has made a proposition for a settlement of $400,000 liabilities. He proposes to pay in full-50 per cent. cash and 25 per cent. each in one and two years. The creditors have practically agreed to this. Nevada, Mo., July 10.-The Citizens' bank of Nevada closed its doors this morning. The notice stated that the stockholders of the bank hoped to pay all claims against the bank at an early date. The bank claims a capital stock of $100,000 and a surplus of $12,000. The failure is attributed to the stringency in the money market and slow collections. All the county funds are locked up in the bank. The amount of liabilities cannot be ascertained. The failure of the Citizen's bank has forced to the wall its three branches in this (Vernon) county. They were located at Brenaugh, Walker and Sheldon. It is impossible at present to obtain an estimate of the assets and liahilities. JACKSONVILLE, Fla., July 10.-The Lake City bank failure is more serious than supposed, and the general impression is that it is a complete wreck, though the president says he will pay up. LOUISVILLE. Ky., July 10.-The Falls City bank made an assignment this morning. Major Tillman, the cashier, says the liabilities are $431,000; assets nominally $1,223,000. It is said that from the beginning of the financial panic last year, the bank has been carried along by the clearinghouse, being on the ragged edge all the time. The bank owes the clearing-house $223,900. It has been known for several days that it was only a matter of time before the bank would have to go. Depositors will be paid in full, and the stockholders will possibly get 35 cents on the dollar. There was a shaky feeling on the streets for a while, but things have recovered.


Article from Los Angeles Herald, July 11, 1891

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EMBARRASSED BANKS. A Big Concern in Louisville Makes an Assignment-Other Failures. LOUISVILLE, Ky., July 10. -The - Falls City bank made an assignment this morning. Major Tillman, the cashier, says the liabilities are $431,000, assets (nominal) $1,223,000. It is said that from the beginning of the financial panic of last year the bank has been carried along by the clearing house, being on the ragged edge all the time. The bank owes the clearing house $223,900. It had been known for several days that it was only a matter of time before the bank would have to go. Depositors will be paid in full and stockholders will get possibly 35 cents on the dollar. There was a shaky feeling on the street for a while, but later things recovered. A MISSOURI BANK CLOSED. NEVADA, Mo., July 10.-The Citizens' bank of Nevada closed its doors this morning. The notice etated that the stockholders of the bank hoped to pay all claims against the bank at an early date. The bank claims to have a capital stock of $1,000,000 and a eurplus of $12,000. The failure is attributed to stringency in the money market, and slow collections. All the county funds are locked up in the bank. The amount of the liabilities cannot be ascertained. A FLORIDA FAILURE. JACKSONVILLE, Fla., July 10.-The Lake City bank failure is more serious than supposed, and the general impression is that it is a complete wreck, though the president says he will pay up.


Article from Evening Journal, July 11, 1891

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Four Banks Fail. NEVADA, Mo., July 11,-The Citizens' bank, of Nevada, closed its doors and with it three other banks in the county. The Bank of Sheldon, Bank of Walker and Bank of Bronaugh, all under its control, passed into the hands of receivers.


Article from The Sun, July 11, 1891

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FAILURE 02 THE FALLS CITY BANK. It Had Been Carried Along Many Months by the Louisville Clearing House. LOUISVILLE. July 10.-The Fails City Bank went to the wall this morning. The bank made an assignment to the Mechanic Trust ComDany. and closed its doors at 701 West Main street. The liabilities are $431,300. of which $223,900 is due the clearing house, and the deposits a e $191,700. The assets (nominal) are $1,223,000. From the beginning of the financial panic last year the bank has been carried along by the clearing house. Depositors will receive ment in tull and the stockholders will get possibly 3, cents on the dollar. The capital stock of the bank is $800,000. J.T. Moore is its President. The bank was established in:1865. Major William Tillman. cashier. gave out this Fla ement: Dinimities- individual depositors, $161,000: saving deposits. $80,700: certificates of deposit. $15,700: the bank and the clearing house. $223,000: total, $431,300. Assets-total (nominal). $1,223,000. NEVADA. Mo., July 10.-The Citizens' Bank of Nevada closed its coors this morning. A notive wa- posted on the front door of the bank stating that the stockholders hoped to par all claims against the bank at an early ente. The bank's capital stock is $100,000, and its alleged surpius $12,000. It has R. line building. The failure is attributed to the stringency of the money market and to slow collections. AI the county funds are locked up in the bank. No statement of liabilities has been issued.


Article from Fort Worth Gazette, July 12, 1891

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TELEGRAPHIC BREVITIES. The will of the late Hannibal Hamlin has been probated. It makes no public bequests. A movement is on foot at Bangor, Me., to erect a monument by popular subscription. If the engineers pronounce in favor of proceeding with the Panama canal. M. Christople, the credit financier, says the financial plans to retrieve the enterprise would not fail. At Memphis, Tenn., yesterday fire damaged the furnishing store of Sample & Hill $20,000, insurance $15,000. Nimrod Shepard, a murderer under sentence of death, escaped at Little Rock, Ark., last Wednesday, and took refuge in a cave near White Fork run. A posse surrounded the cave last night, and in the fusilade which followed, Millard Johnson, one of the posse, was mortally wounded. Shepard was smoked out and captured almost dead from a serious wound. J. R. Dillworth, president of the Dillworth cattle company, was shot and killed yesterday 100 miles southwest or Billings, Mon., by a young Frenchman named George Demuer, over a disputed land claim. Demuer surrendered. The Citizens' bank of Nevada, Mo., has failed. The depositors will lose nothing. An order has been received at the department headquarters at Jefferson barracks from Gen. Miles, assuming command of the department of the Missouri and locating his headquarters at Chicago. A threshing engine exploded at Bruceville, Ind., yesterday, killing John Fleck and mortally wounding Dick Price and badly scalding Will Coan. Newton Baker, Charles Gibson and Gude Baker. Secretary Foster stated that Mr. Powderly's open letter resembled a campaign document and he would not answer it and engage in a controversy on a such a basis. Edgar A. Saltus, the author. has been declared guilty of conduct unbecoming a husband and a decree of absolute divorce has been granted his wife. Rev. Phillips Brooks has been elected bishop of the diocese of Massachusetts by the house of bishops of the ProtestantEpiscopal church. Ex-Governor St. John in a temperance lecture at Thurston, N. Y., attacked the political parties as well as the government as being enemies of prohibition. At Shoals, Ind., yesterday a fight occurred after the performance between the employes of Sells' circus and toughs, in which tent sticks and revolvers were used. James Richey of Shoals was struck on the head with a stake and his skull was fractured. He died before the circus train left. No arrests were made. At Hunn, South Dakota, yesterday the reform press association for South Dakota organized. They will work with the Farmers' Alliance and the Independent party. The Alliance-Independence conference closed yesterday and practically adopted the Cincinnati platform. Bob Fitzsimmons has recovered the diamonds lost in the robbery at White Bear Lake, Minn. The wooded portion of Chippewa county, Michigan, and the Canadian territory north of it are on fire. Detour, Bay Mills, Gatesville. Raber, Wellsburg, Seaman Cove and other places are in imminent danger. M. Privett, counselor of the French court of appeals, will request American magistrates to inquire into the agreements entered into by the directors of the Panama canal company and the contractors. Forty thousand people are reported to be without food in the Volga region of Russia. Their sufferings are very great. The excessive heat and drouth in Spain have caused great suffering and damage to the vineyards. All the springs have dried up.


Article from Bismarck Weekly Tribune, July 17, 1891

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IN A RECEIVER'S HANDS. Four Banks in One County Simultaneously Close Their Doors. Nevada, Mo., July 11.-The Citizens' bank of Navada has closed its doors, and with it three other banks in the county, the bank of Sheldon, bank of Walker and Bank Bronaugh, all under its control, passed into the hands of Receiver A. E. Fordham. The capital stock of the Citizens' bank is $100,000, but with all four there was only a paid up stock of $68,400. No statement of assets and liabilities has been made. Depreciation of values and withdrawal of deposits are given as the causes.


Article from The State Republican, August 6, 1891

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MISSOURI STATE NEWS. ON the 80th W. T. Dickson was appointed postmaster at Hancock,Pulaski county. and W. E. Bybee at Nichols, Greene countv. DR. B. F. WILSON, a young physician of Higginsville, was recently killed by a blow on the head with a small grass sickle given by a man named Butler. Both men had been drinking. C.E. BELL, private secretary to Gen. Bussey, the assistant secretary of the interior, has resigned that position to engage in the cattle business near his home in southeastern Missouri. L. F. LARKIN, an old and well-known postalclerk on the Kansas City and Joplin division, was recently arrested at Joplin, charged with opening registered letters and removing money therefrom THE trial of Judge John P. Higgins for the killing of Col. Thomas Price, which was to have taken place a special term of the Pettis county criminal court to be convened August 31, has been postponed until the regular November term. MAMIE SOMMERS, a three-year-old child, was drowned in the Missouri river at St. Joseph the other afternoon. Her father was fishing on the banks and the little girl was playing about him. A misstep landed her in the stream and she was drowned before assistance reached her. IN a justice's court at Poplar Bluff the other day one of the most ridiculous cases on record was tric 1. I! was that of Charles P. Sells vs. Mrs. Mary Slayton, and was brought to have Mrs. Slayton fined for not letting him kiss her. He tried to kiss her and she objected. The lady was acquitted, and Sells had to pay 825 costs. ON one of the most prominent thoroughfares of Springfield, the other morning. Cook Ashridge and Thomas Reeves quarreled over a small sum of money which Ashridge claimed Reeves owed him. Words passed when Ashridge seized a knife and leaping upon his victim literally cut him in pieces. The wounded man was lying at the point of death and the assailant was jailed. THE crop bulletin issued from the state agricultural department for the week ended July 25, says: "The week has been generally unfavorable o reps. In the northwest section rains have interferred with the hay harvest, while in portions of the southeast section co is suffering for rain. Warm weather would be beneficial for curing hay and to the growth of corn." THE master plumbers of Kansas City were recently considerably stirred up over a decision by Justice Allen, in which a plumbing company had sued upon an open account for $39.66 The justice held that the plaintiffs could not recover, as the anti-pooling law permits the pleading of the statute as a bar to the collection of a bill by any company or corporation belonging to pool. AN unknown assassin entered the room of Viola Clow in a notorious rerort of St. Joseph the other night, by means of a ladder, and cut the girl's throat besides otherwise frightfully injuring her. The girl could not recover. The girl was not discovered until noon next day. She was then unconscious and in one clenched hand was a bunch of long hair, which was the only clew to her assailant MR. NEAL. United States district attorney, lately said that he had as yet found no violaters of the trust law passed by the last congress. This la which he is instructed by the attorneygeneral to enforce, makes all trusts, combinations and conspiracies in matters of business or trade unlawful. Mr. Neal has found no trusts or representatives of trusts in Kansas City, nor have any been reported to him. THE assignee of the defunct Citizens' bank of Nevada has filed his statement. The figures balanced at $199,174.52, but a large part of the notes held as assets are on insolvent persons and will not realize much of anything. The business management of the bank is shown to have been bad, several of the officers being among the heaviest borrowers. The capital stock was 868,400; deposits at the time of the last statement in June, $130,000. The cash found in the bank by the receiver was $561.38 WITH the exception of a single indictment, ex-State Treasurer Ed T. Noland is through with the circuit court of Cole county. the remaining indictment charges him with having allowed J. S. Fleming to bank on $10,000 of the state's money. The second indictment for embezzlement was dismissed by the state. The ex-treasurer's appeal bond was fixed at $3,000 by Judge Burgess and has been approved. Judge Burgess allowed the defense ninety days to file bill of exceptions, and upon the affidavit of Mr. Noland that he is not able to pay costs, the same were taxed to the state. J. R. HULL, a farmer who at one time lived on a well-cultivated tract of land a few miles west of Sedalia, was released only a few months ago from the insane asylum. During his incarceration his wife procured a divorce. After his release, however, he frequently visited his family, who continued to dwell upon the farm. The other day he was paying a customary visit and appeared perfectly rational. He stepped out to the well and in a moment returned to the house with a revolver in his hand and the fire of insanity burning fiercely sever. He immediately opened as fire upon his wife and children, who fled but precipitately. The maniac escaped was subsequently captured. AT Jefferson City on the 28th Judge Burgess overruled the motion for in the state ease Noland. Mr. Noland's at $3,000 and an case to supreme court. The taken a Treasurer was new fixed trial the appeal w against bond ex- be


Article from Evening Star, August 19, 1891

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The hotels of Portsmouth, England, are thronged with people and the harbor is full of yachts. A committee of British officers met and finally decided on the program for the reception of the French visiting fleet. Upon information of Charles Trummer, a depositor of the suspended Citizens' Bank of Nevada, Mo., President Wm. Christian, Cashier O. K. Caldwell and Director W. H. Robinson were arrested yesterday.


Article from St. Paul Daily Globe, August 19, 1891

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Bank Officers Arrested. NEVADA, Mo., Aug. 18.-Upon information of Charles Trummer. a depositor of the suspended Citizens' bank, President William Christian, Cashier O. K. Caldwell and Director W. H. Robinson were arrested to-day. Each gave bond in $5,000. The bank had on deposit $13,000 when it suspended. Depositors will not get 10 cents on the dollar.


Article from Evening Star, August 19, 1891

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The hotels of Portsmouth, England, are thronged with people and the harbor is full of yachts. A committee of British officers met and finally decided on the program for the reception of the French visiting fleet. Upon information of Charles Trummer, a depositor of the suspended Citizens' Bank of Nevada, Mo., President Wm. Christian, Cashier O. K. Caldwell and Director W. H. Robinson were arrested yesterday.


Article from Weekly Graphic, November 4, 1892

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tone's Record. NEVADA, Mo, Sept. 19.-Th Citizen's bank of Nevada, Mo ailed on July 9, 1891. By that failure Vernon county which W. J. Stone has ruled a party boss for 80 many year lost $37,819.85, which was th amount which R. G. Bryan, count treasurer, had on deposit at th time of the failure On Bryan's bond were eleve of the most responsible citizens e Vernon county, good for man times the amount of the loss, bu the county never recovered a cer and never will, for the reason th by the manipulations of W. Stone and his law partner, Gra ville S. Hoss, both the treasur and his bondsmen were enabled get out of paying, and all th Vernon county has now to sho for the 38,000 lost in the Citizen bank is a batch of worthless deed to land already mortgaged far b yond its value. and from which the county will never be able realize a cent. The story of the connection W. J. Stone with the failure this bank, as attorney for ti assignee of the bank, the bond men of the treasurer and a nun ber of the principal stockholde in the bank; how he got the Int of his selection appointed assignee; how he used his pu with the circuit judge, A tool an partner of his in more than or disreputab'e political transaction how he squeezed the luckle stockholders who got into h clutches until he got the last po sible dollar from them, and ho adding insult to injury, he an his partner, Hoss, brought in : exhorbitant bill of $4,000 for se vices as attorneys for the assign which services some of the be lawyers in Vernon county swo were not worth more than $50 all this makes an interestin chapter in the history of the Der ocratic candidate for governor Missouri, the details of which ti people of Missouri are entitled know and which in a measur account for the conceded fact th Stone will run from 500 to S votes behind Cleveland in Verno county. His neighbors and int mate friends who know him be know him for a smooth, schemir political trickster, stopping nothing which will advance h personal interest without regal to the rights or feeling of thos who have been his friends. As stated above the Citizel bank, of Nevada. failed on July 1891. Two or three persons wer mentioned as likely to be appoin ed asignee. W. J. Stone besti red himself in the interest of Joh Pinnel, and through bis politic influence got him appointed, an the firm of Stone & Hoss was r tained as the legal anvisers of il asignee. R. G. Bryan was tl treasurer of Vernon and he had o deposit in the bank $37,819.85 a the time of the failure. The cour prosecuting attorney was L. I Scott, who read law in the office (