10580. American Reserve Bond Company (Saint Louis, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
May 3, 1906
Location
Saint Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
25a4ea27

Response Measures

None

Description

Multiple articles (May–June 1906) report a receiver appointed for the American Reserve Bond Company in St. Louis (Mississippi Valley Trust Company appointed receiver; federal receiver also involved). No article describes a depositor run or a temporary suspension followed by reopening—this is a receivership/closure. Corrected OCR: 'American Reserve oBnd' -> 'American Reserve Bond'.

Events (1)

1. May 3, 1906 Receivership
Newspaper Excerpt
The receiver was appointed for the American Reserve Bond company in Missouri. The Mississippi Valley Trust company was appointed with bond at $1,200,000.
Source
newspapers

Newspaper Articles (10)

Article from The Spokane Press, May 3, 1906

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Article Text

RECEIVER APPOINTED (Scripps News Association.) ST. LOUIS, May 3.-The receiver was appointed for the American Reserve Bond company in Missouri. The Mississippi Valley Trust company was appointed with bond at $1,200,000. The declared liabilities of the company which failed are $700,000 in access of the assets.


Article from The Birmingham Age-Herald, May 4, 1906

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Article Text

APPLICATION FOR RECEIVER. Does Not Want Assets to Fall In Chicago Hands. St. Louis, May 3.-Application was made in the circuit court last night for the appointment of a receiver for the American Reserve oBnd company in Missouri to prevent the Missouri assets of the company falling into the hands of the Western Trust and Savings bank of Chicago, which was yesterday appointed receiver for the company. Clarence T. Case, St. Louis attorney for the company, who made an answer to the application, entered the appearance of the company and consented to the appointment of the receiver. Circuit Judge Fisher today appointed the Mississippi Valley Trust company receiver and issued an injunction to prevent the bond company from interfering with the receiver. The bond of the Mississippi Valley Trust company as receiver, was fixed at $1,200,000.


Article from New-York Tribune, May 4, 1906

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Article Text

AMERICAN RESERVE CLAIMS PILE UP. Receiver Appointed in Missouri to Keep Assets in That State. Chicago, May 3.-Fifty more complainants entered to-day into the attack on the American Reserve Bond Company in the United States Circuit Court. Judge Bethea allowed them to file an intervening petition. Their claims against the company aggregate $20,000. After granting the filing of the petition, the court ordered that the bond of the Western Trust and Savings Bank, which is acting as receiver, be increased from $20,000 to $250,000. The increase in the bond was ordered because of the discovery that the bond company had $35,000 on deposit in a local bank, and securities valued at $300,000 in a safety deposit vault in this city. It was declared in court to-day by the receiver that in addition to the assets held in this city the company had $230,000 deposited with state officials in Kentucky and $1,200,000 in Missouri. St. Louis, May 3.-Application was made in the Circuit Court last night for the appointment of a receiver for the American Reserve Bond Company. in Missouri, to prevent the Missouri assets of the company from falling into the hands of the Western Trust and Savings Bank, of Chicago, yesterday appointed receiver for the company by the Federal Court in Chicago. Circuit Judge Fisher to-day appointed the Mississippi Valley Trust Company receiver and issued an injunction to prevent the bond company from interfering with the receiver. The bond of the recelver was fixed at $1,200,000.


Article from The Mena Weekly Star, May 10, 1906

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Article Text

St. Louis, May 4.-Application was made in the circuit court here for the appointment of a receiver for the American Reserve Bond company, in Missouri, to prevent the Missouri assets of the company from falling into the hands of the Western Trust & Savings bank of Chicago, which was Wednesday appointed receiver for the company by the federal court in Chicago. Clarence T. Case, St. Louis attorney for the company, who made answer to the application, entered the appearance of the company and consented to the appointment of a receiver said that the reason for the action was to preserve the assets of the company in Missouri to the Missouri bond-holders.


Article from The Lamar Register, June 13, 1906

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Article Text

Postmaster Must Show Cause. St. Louis, June 9.-Judge Finkelnberg, in the United States circuit court Friday. granted an order applied for by attorneys representing the Mississippi Valley Trust company receiver for the American Reserve Bond company. North American Investment company and the Colonial Securities company, requiring postmaster Frank Wyman to show cause why he should not turn the mail of the three concerns over to the receiver. Postmaster Wyman is cited to appear in court next Tuesday.


Article from Abilene Weekly Reflector, June 14, 1906

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Article Text

Postmaster Must Show Cause. St. Louis, June 9.-Judge Finkeln. berg, in the United States circuit court Friday, granted an order applied for by attorneys representing the Mississippi Valley Trust company receiver for the American Reserve Bond company, North American Investment company and the Colonial Securities company, requiring postmaster Frank Wyman to show cause why he should not turn the mail of the three concerns over to the receiver. Postmaster Wyman is cited to appear in court next Tuesday.


Article from Gilpin Observer, June 14, 1906

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Article Text

Postmaster Must Show Cause. St. Louis, June 9.-Judge Finkelnberg, in the United States circuit court Friday, granted an order npplied for by attorneys representing the Mississippi Valley Trust company, receiver for the American Reserve Bond company, North American In. vestment company and the Colonial Securities company, requiring postmaster Frank Wyman to show cause why he should not turn the mail of the three concerns over to the re. ceiver. Postmaster Wyman is aited to appear in court next Tuesday.


Article from The Grit-Advocate, June 15, 1906

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Article Text

Postmaster Must Show Cause. St. Louis, June 9.-Judge Finkelnberg, in the United States circuit court Friday. granted an order applied for by attorneys representing the Mississippi Valley Trust company receiver for the American Reserve Bond company. North American In. vestment company and the Colonial Securities company. requiring postmaster Frank Wyman to show cause why he should not turn the mail of the three concerns over to the receiver. Postmaster Wyman is cited to appear in court next Tuesday.


Article from The Glenwood Post, June 16, 1906

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Article Text

Postmarter Must Show Cause. St. Louis, June 9.-Judge Finkelnberg, in the United States circuit court Friday, granted an order applied for by attorneys representing the Mississippi Valley Trust company, receiver for the American Reserve Bond company, North American In. vestment company and the Colonial Securities company, requiring postmaster Frank Wyman to show cause why he should not turn the mail of the three concerns over to the receiver. Postmaster Wyman is aited to appear in court next Tuesday.


Article from The Colorado Statesman, June 16, 1906

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Article Text

Postmaster Must Show Cause. St. Louis, June 9.-Judge Finkelnberg, in the United States circuit court Friday, granted an order applied for by attorneys representing the Mississippi Valley Trust company, receiver for the American Reserve Bond company, North American In. vestment company and the Colonial Securities company, requiring postmaster Frank Wyman to show cause why he should not turn the mail of the three concerns over to the re. ceiver. Postmaster Wyman is aited to appear in court next Tuesday.