10573. National Bank (Rolla, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1865
Charter Number
1865
Start Date
September 17, 1932
Location
Rolla, Missouri (37.951, -91.771)

Metadata

Model
gpt-5-mini
Short Digest
fa771702

Response Measures

None

Receivership Details

Depositor recovery rate
37.9%
Date receivership started
1932-06-08
Date receivership terminated
1937-10-07
Share of assets assessed as good
32.1%
Share of assets assessed as doubtful
41.1%
Share of assets assessed as worthless
26.7%

Description

The articles describe the National Bank of Rolla as having closed (closed some time ago) and receivers being appointed (C.L. Bollinger by Sept 1932; W.R. Brown appointed Nov 1933). No newspaper text describes a depositor run. Subsequent items show receiver actions (sheriff's sale in Jan 1934). Therefore this is a suspension that resulted in permanent closure/receivership. Dates are taken from the publication dates and explicit dates in the articles; I avoided inferring insolvency causes beyond what the articles state.

Events (6)

1. August 21, 1871 Chartered
Source
historical_nic
2. June 8, 1932 Receivership
Source
historical_nic
3. September 17, 1932 Receivership
Newspaper Excerpt
C. L. Bollinger ... is now engaged as receiver of the National Bank of Rolla which closed some time ago and will continue his work there although his home will remain in Springfield
Source
newspapers
4. September 17, 1932 Suspension
Cause Details
Article states the bank closed some time ago and a receiver (C. L. Bollinger) was in place; no specific cause given in text.
Newspaper Excerpt
C. L. Bollinger, has been House association for over three years. is now engaged as receiver of the National Bank of Rolla which closed some time ago
Source
newspapers
5. November 10, 1933 Receivership
Newspaper Excerpt
W. R. Brown, prominent Rolla real estate man, was appointed Receiver of the National Bank of Rolla ... his installation as receiver of the National Bank here will take place at the close of business Friday afternoon, Nov. 10, and he shall take charge of the closed Steelville National Bank as Receiver, at the close of business Monday, Nov. 13 -Rolla New Era.
Source
newspapers
6. January 11, 1934 Other
Newspaper Excerpt
NOTICE OF SHERIFF'S SALE ... Stuart and Denison Brown, Receiver of the National Bank of Rolla ... sell ... personal property ... including all abstract books ... 209 8th Street, in the City Rolla
Source
newspapers

Newspaper Articles (7)

Article from Springfield Leader and Press, September 17, 1932

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Article Text

Changes Are Made In Clearing House; Work Is Simplified The examining and record departments of the Springfield Clearing House be disconafter today The five banks here will continue to maintain an office the Mc. Daniel building where their representatives will meet each day as usual at 11 m. and 30 p. to clear the checks but the permanent offce force will not be continued The banks will alternate in furnishing clerk to handle the day's clerical transactions The decrease in the number of banks here said to have brought about the change. as members of the association felt that with only five banks all business could be handled through their own repwithout paid staff C. L. Bollinger. has been House association for over three years. is now engaged as receiver of the National Bank of Rolla which closed some time ago and will con tinue his work there although his home will remain in Springfield Miss Zaida Bacon who has done the secretarial work in the office since the Clearing House association was organized in January 1929 com pletes her service today Under the new cooperative plan three groups of records will be kept, the day's clearings, the clearings of go-back checks and the record of bank debits Regular are made here by national and state bank examiners,


Article from Central Missouri Herald, July 13, 1933

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Article Text

Lynn Prewitt Sentenced to Twenty Years of 35 Years Imprisonment For Holding Up and Progress in MisRobbing The Haas Store souri's Public An adjourned term of Phelps Schools County Circuit Court was held at Rolla Thursday of last week. There were present Hon. J. H. Bowron, Progress is gradual. It does not Judge: E. W. Allison, Prosecuting move forward at uniform rate. Attorney of Phelps County: Wes Often it suffers apparent losses, Smith, Circuit Clerk and Miss Ruth but over period of years the sum Barton, official stenographer. total of gains exceeds the sum Among the cases heard that total of losses In order to be able of Lynn Prewitt. charged with to know whether there has been holding up the Chas Haas store at progress, and if so, the extent of Elk Prairie for which he entered must take stock of condione and was sentenced guilty tione at the beginning of period to thirty-five imprisonment. and at the end of and then make bond of H. on comparisons Powell Lumber Co. against H. According to all the available Dawson and the New York Casualmeasurable standards which have Co. This suit is the result of been set up for determining the lien by W man's ficiency of schools, Missouri has Powell Lumber Co. against Cammade rapid progress in education denton Consolidated district. Apduring the last twenty years The allowed to the Supreme was length of the school term has inCourt. The bond was refiled and creased: elementary school attendapproved by the court. ance has increased, both rural die In the matter of L Bollinger, triots and in high school districts; receiver for National Bank of the number of high school students Rolla. an order made granting sale has grown remarkably: the num of property in Newburg and also ber of high school graduates has personal property. doubled twice and the qualificaThe petition of C. L. Bollinger tions of the teachers in all types receiver, asking permission to comof schools has been raised in promise certain note held by the marked degree Other gains have National Bank of Rolla was grantbeen made the extent of which The case of State of Missour| against Clinton Dotaon and Cleo Powell, charged with burglarizing the store of R D. Pinto at Newburg. were arraigned and each plead guilty of burglary and each were sentenced to five years in the state penitentiary Lynn Prewitt charged with robbery in the first degree for holding up and robbing the store of Chas Haas, and tieing up nine people while he proceeded with his robbery, entered plea of guilty and was sentenced to 35 years in the State penitentiary. Alexander Sheriff of Phelps County, took Cleo Powell. Clinton Dotson and Lynn Prewitt Jefferson City Friday and lodged them in the State penitentiary to serve their respective sentences


Article from Gasconade County Republican, October 16, 1933

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Article Text

The Eighth Congressional District Republican Meeting held at Steelville last Wednesday was well attended. Not all the counties were represented, but probably that was a good thing. for the Crawford county Courthouse was taxed to its capacity as it was.-Steelville Mirror. Superintendent G. K. Walker announced Monday that the Cuba High School band will broadcast over wos (Jefferson City) next Thursday, November 16. from 3:05 to 3:30 p. m. The orchestra is under the leadership of Professor Sterne, a new teacher here this Review. Edward Tost. a recluse who resided on a farm east of Steelville, was found dead at his home Wednesday of this week by Mr. and Mrs. Payne who went there to purchase some corn fodder. Failing to get an answer to their calls they summoned deputy Sheriff Judd, who broke into the house and found the body of Mr. Tost in an advanced state of decomposition. Coroner Elbert E. Long was called and after legal procedure of impanneling a jury and holding an inquest the verdict of "death from natural causes" was rendered.-Cuba News. At a meeting of the Board of Education of the Washington Public Schools, held Tuesday afternoon, a resolution was unanimously adopted asking the state legislature to provide revenue so that the state can pay its part of the cost of education as laid down in the school laws of the state. Approximately nine hundred citizens living in and near Washngton have joined in petitionng the Governor Park and members of the legislature to make adequate provisions providing for the payment of the school revenue. Washington Missourian. Quite a number of wolves are being killed in Franklin county and it is to be hoped that the good work will keep up. The smallest and youngest wolf killer in Franklin county thus far is Lawson Wideman from the eastern part of the county. The dogs had a wolf at bay and Lawson. a fifteen year old boy, picked up a club and killed the wolf. The wolf was busy with the dogs when Lawson killed him with a club. Lawson collected his bounty of ten dollars yesterday.Union Tribune. W. R. Brown. prominent Rolla real estate man. was appointed Receiver of the National Bank of Rolla Wednesday by order of the Comptroller of the Currency. Brown will take charge of the bank this evening. Orders received by Brown state that-his installation as Receiver of the National Bank here will take place at the close of business Friday afternoon, Novem-


Article from Houston Republican, November 16, 1933

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Article Text

W. R. Brown, prominent Rolla real estate man, was appointed Re- ceiver of the National Bank of Rolla Wednesday Orders rece.ved by Brown state that his installation as receiver of the National Bank here will place at the close of business Friday afternoon, Nov. 10, and he shall take charge of the closed Steelville National Bank as Receiver, at the close of business Monday, Nov. 13 -Rolla New Era.


Article from The Houston Herald, November 16, 1933

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Article Text

ITEMS OF INTEREST FROM HERALD EXCHANGES From Licking News. Mrs. Bulas Smith is unable to fill her position as teacher in the local high school this week on account of sickness. Mrs. Milton DeForest has been teaching in her place. From Salem News. Hon. I.B. Henry, Representative of Shannon county, has been appointed to a federal position in Washington with Internal Revenue department and will soon move to that place. From Willow Springs News. So much trouble comes from shooting an illegal deer, which is hard to distinguish, it might be safer to shoot a deer hunter. And they are much more plentiful and less likely to become extinct. From Waynesville Democrat. Game Warden George O. Laun, of St., James, was through here Wednesday of last week en route home from Texas county with an assortment of opossum, skunk and fox hides that he had confiscated from game law violators. By far the greater number of the lot consisted of skunk hides. From Mountain Grove Journal J. A. Reardon and family, from the Roubidoux country of Texas county, have moved to Mountain Grove and are occupying Mrs. P. N. Gully's house on the southern borders. Mr Reardon went back to the farm Monday and will remain there a few weeks. From Cabool Enterprise. Mrs.- R. F. Price, of Elk Creek, mother of Mrs. M. E. Forsythe, had the misfortune of spraining her wrist Monday evening. Her other daughter, Mrs. Dick Grisham, and husband brought her into Cabool to a doctor, where she received treatment. At this time, while she has suffered much, she is feeling much better. From Waynesville Democrat. 246 men, surveyors and supervisors, moved to the new camp at Palace, 19 miles south of Waynesville, Saturday, November 4, from Maryville. The camp consists of 7 main barracks, a hospital and officers' quarters. D. E. Bradford is the commanding officer; V. V. Whitfield, Superintendent of Work. E. L. McClymond and C. J. Lowry, of the camp, were in Waynesville on business Tuesday. From Licking News. A truck belonging to local stave mill and being driven by Andy Steinbarger ran into a herd of cattle belonging to Ronald White last Friday night near the Austin farm on 32, east of here, killing three cows. The report we get is that the cattle were being driven across the road and in some way the driver cou'd not see them in time to stop, although he applied his brakes and did all that could be done to avoid hitting them. From Rolla New Era. W. R. Brown, prominent Rolla real estate man, was appointed Receiver of the National Bank of Rolla Wednesday by order of the Comptroller of the Currency. Brown has taken charge of the bank. Orders received by Brown state that his installation as Receiver of the National Bank here will take place at the close of business Friday afternoon, November 10, and he shall take charge of the closed Steelville National Bank as Receiver at the close of business Monday afternoon, November 13. From Salem Post. One of the biggest jobs that confronts the legislators of not only Missouri but all other states in the Union is the task of framing new liquor leg. islation. There are scores of plans which look good on paper, and sound good when explained from the platform, but in operation all of them have been found wanting. There are as many plans as there are legislatever plan is adopted, it is doomed to failure; unless it makes liquor cheap and easy to get, A dispensary system seems to be most favored, but the axperionne of South Carolina and other places in years gone by makes it doubtful of success today. Pity the poor logislatore-whatever they do, they are in for ailot of cussing. From Rolla Herald. Leslie S. Bean, Missouri's Federal Forest Supervisor, arrived in Rolla last week and assumed active duties as director of this new federal project in Missouri. Land examiners are at work in all four of the Federal Forest areas. Anyone wishing a map of the areas or a proposal blank which land could be offered for sale, can get this by writing to U. S. Forest Service, Rolla, Mo. The National Forests of the United States have a combined area of 162,009,145 acres as of June 30, 1933, according to the Forest Servee, U. S. Department of Agrirulture. Because of limitations on the amount of land to be owned by the Federal Government, Missouri has not been benefited by this Federal activity until recent weeks when the Forest Service started buying land in Missouri. From Crocker News. Co. 737 C. C. C. of 20m men and equipment arrived here Saturasy morning from Maryville in a special train, of five coaches and three baggage cars. They were met here by fleet of trucks, which conveyed the men and their equipment to the newly constructed camp in the Geseonade Unit National Forest at Palace, in the south end of Pulaski county. The officers, in charge are Company Come mander Lieutenant D. E. Bradford; Lieutenant M. V. With and Medical Officer Licutenant L M. Friedman. The boys seemed to be in good spirita, looked well fed and warmly clad and their conduct during their brief stay here was quite commendable. The of ficers had every appearance of being clean, courteous gentlemen, and we hope their stay in Pulaski county will be pleasant.


Article from Central Missouri Herald, January 11, 1934

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NOTICE OF SHERIFF'S SALE IN Notice hereby given that by virtue authority of of personal property rendered Circuit Court Phelps County, Missouri, December Term, 1933, the case wherein Stuart and Denison Brown, Receiver of the National Bank of Rolla, are certified copy of which was to directed, and been to me livered. THURSDAY. JANUARY between the hours of nine o'clock the forenoon and o'clock afternoon of that day, at the front door the Court House, the City of Rolla, Phelps County, Missouri, and during the session the Missouri, December 1933, sell public vendue the highest bidder, for cash in hand, the personal described property decree, follows, to-wit: certain abstract plant 209 8th Street, in the City Rolla, including all abstract books, copies of records titles of estate Phelps County, and take-off books, and all other books and records belonging to said abstract plant. Sheriff County,


Article from The Springfield News-Leader, February 21, 1934

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SCHOOL TEACHER LOSES IN APPEAL ON SALARY FIGHT Thoroughbred Hog Figures in Another Case Decided Upon By Court: Action Upon Two Injury Suits The case of a thoroughbred hog which died of pneumonia in transit from Anderson, Mo., to Watts, Okla., is among the decisions handed down yesterday by the Springfield court of appeals. The case was brought to the court here by the American Railway Express company, again which D. Cole, the hog's owner, held a judgment of $50. On hot October day in 1927, the hog was in crate on the station platform at Anderson Cole charged that the animal became overheated when small children prodded him with sticks. The hog died of pneumonia while on the train, bound for Oklahoma. The case finally was tried in Newton county, where it was taken on change of venue, and appealed by the express company. TEACHER LOSES SUIT Another case in which the court handed down a decision was the suit of Inez Benton, Camden county teacher, to collect year's wages from the Windyville consolidated school district. On May 14, 1931, Miss Benton was conditionally employed to teach the following year at $60 month, provided the state approve her credits and she attend summer school. The directors took the stand Miss Benton did not meet the conditions and employed some one else. In an opinion written by Judge Perry Allen, the court of appeals ruled the teacher was not entitled to recover, affirming decision of the Dallas county circuit court, in which was tried One of Judge Walter E. Bailey's decisions was that affirming the dismissal by Circuit Judge John Schmook of Greene county of a suit Robert Reed brought against R. W. Catlett to enforce a contract involving $2000. RECEIVER LOSES Judge Robert J. Smith, in an opinion in which the rest of the court affirmed the decision of the Phelps county circuit court, holding C. L. Bollinger, receiver for the National bank of Rolla, was not entitled to collect on $3170 note of the New Era Publishing company which the bank held when it closed. The lower court had given the bank's receiver judgment on notes for $300 and $561.95, also signed by the publishing company and there was no appeal as to the smaller notes. The case of B. F. Wilcox. who sued Howard and John McKinney in the Greene county circuit court to collect $3500 note, was reversed and remanded back for new trial, under an opinion written by Judge Smith. The McKinneys won verdict last March on the grounds they had turned over to Wilcox set of abstracts in consideration for the note he held against them.