10563. Richmond Trust Company (Richmond, MO)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
trust company
Start Date
April 5, 1926
Location
Richmond, Missouri (39.279, -93.977)

Metadata

Model
gpt-5-mini
Short Digest
ff8328ea

Response Measures

Full suspension, Books examined

Other: Treasurer S. L. Bay went missing; feared suicide

Description

Newspaper articles (Apr 15–22, 1926) report a 10-day run on the Richmond Trust Company that led to the bank being closed about a week before Apr 15, 1926. Examiners declared the run was started by unfounded rumors (alleged losses connected to Wall Brothers store). The pieces describe the bank as closed and under examination but do not state whether it permanently failed, entered receivership, or later reopened — therefore classified as run_suspension_unsure. Treasurer S.L. Bay went missing and was feared to have committed suicide. Dates are approximate based on publication dates.

Events (3)
1. April 5, 1926 Run
Cause
Rumor Or Misinformation
Cause Details
Run started by rumors that the bank had lost heavily due to financial difficulties of Wall Brothers department store; examiners declared rumors unfounded.
Measures
None reported beyond eventual closure; bank examiners took charge and began audit.
Newspaper Excerpt
which was closed week ago following a run on the bank by depositors which lasted ten days
Source
newspapers
2. April 8, 1926 Suspension
Cause
Rumor Or Misinformation
Cause Details
Closure followed the 10-day run initiated by unfounded rumors about losses connected to Wall Brothers' financial troubles; examiners intervened and took charge to audit affairs.
Newspaper Excerpt
treasurer of the Richmond Trust Company, which was closed week ago following a run
Source
newspapers
3. April 15, 1926 Other
Newspaper Excerpt
Relatives fear S. L. Bay, 75, treasurer ... has committed suicide. Bay went to Kansas City ... was seen getting off the train ... was lost in the crowd. He did not call on the banker he was supposed to see.
Source
newspapers

Newspaper Articles (3)
1. April 15, 1926 The St. Louis Star and Times St. Louis, MO
Article from The St. Louis Star and Times, April 15, 1926

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Article Text

RADIO AIDS SEARCH FOR RICHMOND, MO. BANK TREASURER Relatives Fear S.L. Bay, 75, Committed SuicideIs Called Unjustified. RICHMOND, MO., April cast appeals last night for aid in finding S. L. Bay, 75. treasurer of the Richmond Trust Company, which was closed week ago lowing a rua which has been doclared by deputy bank examiners to have been caused by unfounded rumors. Bay's wife and daughter fear he has committed suicide, Bay went to Kansas City Mon day, saying intended seeing banker friend. He was seen geting off the train. He went through the Union Station at Kansas City, turning immediately back into the station at another door. and was lost in the crowd. He did not call on the banker he was supposed to Friends say Bay had become in from caused by visits from depositors at all hours of the day and trust company was closed after run of days, started by rumors that the bank had lost heavily in the financial difficulties of Wall a Richmond department store now in the bank ruptcy court at Kansas City. A. Classen. bank examiner. said these rumors were without foundation. The bankruptcy suit against the store brought by minor The assets are said to include $50,000 of merlisted in an and the liabilities given in the suit are about 'So far. have found nothing wrong in the affairs of the instition,' now in charge of the bank, said today. "I expect to finish my audit in another day or The bank held about $500. 000 in loans, to large extent by mortgages on real estate. Its is $137,000.

2. April 16, 1926 Fulton Daily Sun-Gazette Fulton, MO
Article from Fulton Daily Sun-Gazette, April 16, 1926

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Article Text

MISSOURI NEWS NOTES Richmond, Mo., April 16-Radio appeals have been broadcast in an effort to locate S. L. Bay, 75, treasurer of the Richmond Trust Company, which was closed a week ago following a run on the bank by depositors which lasted ten days. Relatives fear the Bay may have committed suicide over worry caused by the drain on the banks funds started when a rumor was cirWe Move culated that the bank had met a financial setback in the difficulties of May 1st to Wall Brothers, Richmond's DepartOur New ment Store. Bank examiners are said to have Location declared the rumors were unfoundAnd Must Reduce ed. Bay was said to have left here Our Stock and gone to Kansas City to visit a Prices Slashed friend. He was seen in the Union Station there but never visited the Save Money Item Guaranteed banker he was intending to see. St. Louis, April 16-The elimination contest to select the entry for St. Louis and St. Louis county in the State-wide old fiddlers' contest at Paris, Mo., on May 1, will be held here April 22 and 23. Only one representative from each county is allowed to enter. St. Louis, April 16-In the same casket, James Griffith, 4 and his brother Jesse, 5, victims of pneumonia were laid away in the same grave here. The casket was given to the parents, Mr. and Mrs. Edward Griffith by Fred M. Williams and Albert Hopper, two undertakers, as the parents had no money to bury the children. The parents expect to repay the debt. St. Louis, April 6-Alumni of Vanderbilt University of Nashville, Tenn., have organized to conduct an intensive local campaign for a building and endowment fund for the college of liberal arts and sciences. The campaign is a national one with $4,000,000 as the goal. St. Louis, April 16-Relatives and co-workers of Arnold Lohkamp, 19, who was drowned in the Mississippi River when he fell from a barge, have raised $100 as a reward for the recovery of the body. To keep corn bread from sticking to the pans grease the pan well and dust with flour.

3. April 22, 1926 The Missouri Telegraph Fulton, MO
Article from The Missouri Telegraph, April 22, 1926

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Article Text

Richmond. Mo., April appeals have been broadcast in an effort to locate Bay, 75, treasurer of the Richmond Trust pany, which was closed week ago following run on the bank positors which lasted ten days. Relatives fear the Bay may have committed suicide over caused by the drain on the banks funds started when rumor was culated that the bank had met financial setwack in the difficulties of Wall Brothers. Richmond's Depart- Bank examiners are said to have declared the rumors were unfoundBay was said to have left here and gone Kansas City to visit friend. He was seen in the Union Station there but visited the banker he was intending to Louis. April of Vanderbilt University of Nashville, have organized to conduct an intensive local campaign for Ing and endowment fund for the college of liberal arts and sciences. The campaign is national with as the goal. St. Louis, April and co-workers of Arnold Lohkamp. 19. who was drowned in the Mississippi River when felt from have raised as reward for the recovery of the body.