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PRESIDENT KILLS SELF, BANK CLOSES (By Associated Press) Powell, president the Citizens' National bank of Sedalia, shot and critically himself with revolver at his home late yesterday, after which the board of directors met and decided not to open the bank today. The bank, with deposits $2,250,000. was one of the largest in central Missouri.
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SHOOTING LEADS TO BANK CLOSING By SEDALIA, Mo., Nov. H. Powell. the Citizens' National bank of Sedalia, shot and critically himself the head with his home Sunday, after the board directors met and not Point open the bank to-day. The bank, with deposits of one for the largest central the Powell family pressed cidental.
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SEDALIA BANK CLOSES President of Citizens' National Wounded by Gun Shot. Official of Institution Says No Irregularities lieve Shooting Accident. Citizens National Bank closed today after William H. Powell sixfour years old. its president. shot and critically wounded himself The bank will remain closed until federal make thorough check of the of the institufor the board of Powell Slightly Better Powell who himself at his home reported slightly today although his physicians his condition still was dangerous It that nothing had been found by the other officials indicate the slight est irregularity Powell's accounts. want thorough examina"This not we think that irregularity will be found, but we want the depositors to be absolutely that the bank sound before the doors are opened. Shooting Accidental? This official gave it as his opinion that the entirely accidental. He said he believed Powell from of furnes from the exhaust of his motor similar of the shooting given by the banker's family. which also said the was accidental According these reTom Moffitt Negro chauffeur. reported for 4:30 m. yesterday and found Powell sitting in the in the garage motor was running. III From Car Fumes. It was explained that Powell was seeking to learn drive and probably started the engine while waitIng for the chauffeur The Negro. said. aroused Powell and went with him into the house where he gave him drink of water Then the banker went upstairs. Moffitt, he said. rang to call Mrs. and had started to tell her that was III when they heard from Rushing up. they found the president lying on the floor. revolver in his hand The bank had deposits of about found1872, with Powell's father, Col, W E. the organizers. son of William H. Powell, David H. Powell is vice-president of the institution. EXTRA STANDARD DIVIDEND. NEW YOFK. Nov. ard Oil Company of New Jersey today declared the usual extra diviof 25 cents addition to the regular quarterly disbursement of 25 cents share. dividends payable 15 stock of ord Nov. 16.
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YORK STOCK EXCHANGE TRANSACTIONS NEW Nov. Shares sold today Year ago Sales Jan. date Same period Net Clos. Apprx. Div. (Hundreds) Net Apprx. (Hundreds) Net complete Apprx. (Hundreds) Following is Security High NEW Security High Low New York W transactions on list stock change: Net (Hundreds) Apprx. Security 13.73 nine months to Sept. Field 000 against net income $457 096 equal Dept Sparks to 88 cents common share. Arcturus Radio Tube Reduces tube prices ranging from 20 to 60 United American Utilities-Defers 11.11 action on Class A dividend: paid 321 cents Sept. SEDALIA BANK FAILS. JEFFERSON CITY Mo. Nov and four banks failed to open in Missouri toThe Citizens National bank of dalia with deposits approximately one of the largest banks in central Missouri was closed by the directors after William H. Powell president shot and seriously 11.11 Motors wounded himself yesterday He 6.67 reported slightly improved today Other banks in Sedalia opened for business usual today with withdrawals but no indications of runs developing Heavy withdra assigned as the reason for the four state bank closings They the Owensville bank. resources $372,849 Bank of and Bank of Malta Bend, RUN CLOSES BANK. TOPEKA. Kas., Nov Kansas banking department nounced the closing of the and Merchants State bank of Concordia today by order its board of 6.00 directors because of heavy with5.88 The bank's Oct 10 statement listed $100,000 capital stock $10,000 surplus and $314.144 deposits. BANK RECEIVER RESIGNS 12.64 BROOK Ind. Nov Luther Lyons. who took over the affairs the State bank of Brook when failed last December has handed in his resignation as receiver Judge Williams has not indicated who would be appointed in his place. Last week dividend of 5 per cent was paid the depositors. 7.14 CLOSING AT ALEXANDRIA. Closing of the Alexandria bank, at Alexandria, was announced yesterPublix day the offices of the state bankdepartment The institution had resources of $596 and deposits $546,138.48 according to its June 30 report. S. Phillips is president and Kelly cashier Rap Pet 8.17 Oil New York Stock Exchange Mach New York Cotton Exchange Cement 7.68 6.25 401 CIRCLE TOWER 8.33 11 Wall Street 924 Baltimore Ave. Tea Kansas City Two years Film when earned. aUnit stock. shares.
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WALB IN CHARGE SEDALIA BANK Receiver For First National Bank Here Is Assigned to the Sedalia Institution. SERALIA. Mo., Nov. 3.-(U.P.) The Citizens National Bank, closed yesterday by its board of directors after the president, William H. Powell, had shot himself, today was in the hands of Ira Walb, a liquidating agent from the National Banking Department. Both the directors and Walb refused to discuss future plans for the bank, but the agent admitted that, when he takes over a bank, it is for the purpose of liquidating its assets. He also is in charge of liquidation of National banks at Chillicothe and Sweet Springs. Walb took charge of the bank after two examiners had spent several-hours in examining accounts of the bank. Powell, who shot himself through the head, was reported still in a critical condition today, despite the fact that a former boyhood friend, who since has become a great brain surgeon, had rushed here to attempt to save his old friend. The surgeon is Dr. Walter E. Dandy, John Hopkins at Baltimore, who was reached by telegrain on board a train bound from St. Louis to an Oklahoma town. He left the train some 50 miles from Sedalia and rushed here prepared to perform a delicate operation in an effort to save his old friend. Many friends of Powell still were at css to explain the banker's apparent suicide attempt. It was reported he had suffered heavy private losses incurred when he bought for himself some questionable paper which the bank had taken. One report said that he carried an insurance policy of $100,000 payable to the bank, and with a double indemnity Diegleman, Cedar Falls, Iowa, Mr. and clause providing for double payment in Mrs J. W. Ryburn of Emporia, Kansas. case of accidental death. A director Mr. and Mrs. Walter Rensch of Fulton of the bank said however that he had and W. Rensch of Kansas City. never heard of the policy.
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NAME A. L. SHORTRIDGE Sedalian Is Lawyer for Bank Receiver. SEDALIA, MO., Nov. 19.-(Special) Sen. Roscoe Patterson today notified A. L. Shortridge, local attorney, that the controller of the currency had appointed him attorney to the receiver of the closed Citizens National bank. The Citizens National was closed after William Powell, president, committed suicide. The receiver is Edwin S. Combs of Kansas City. The doors of the bank were opened today to those who rented safety deposit boxes. Those not indebted to the bank were per mitted to open their boxes.
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ATTORNEY APPOINTED TO BANK RECEIVER SEDALIA, Mo., Nov. Alfred L. Sedalia attorney, today was appointed attorney for the receiver charge of the Ctilzens National Bank, which has been closed November S. Coombs is receiver.
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SHORTRIDGE ATTORNEY RECEIVER Appointment Made By Pole, Comptreller of Currency Senator Roscoe Patterson sent telegram from Washington this morning, to Shortridge, apprising him of his appointment the of attorney for the receiver in charge of the Citizens National Bank, Sedalia. Mr. Shortridge's appointment made Pole, Comptroller of the Currency, according to the telegram. had been known for nearly that Shortridge had been mentioned for place that Senator Patterson favored his pointment. Mr. however, had not given thought to the matter Senator Patterson suggested applicant, which spired Mr. Shortridge's prompted
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A. L. Shortridge Be Attorney To Bank Receiver (Continued from page one) pirtaion to one of activity to secue the place. He asked the support of his friends and party members and received a number of indorsements to further his candidacy. Mr. Shortridge is one of Sedalia's well known lawyers and has practiced law here for nearly a quarter of a century. He has served as prosecuting attorney for Pettis County and has held other public offices, elective and appointive. Only recently he was named by Governor Caulfield to represent Pettis County on Missourl's unemployment committee and since this appointment he has joined with the Sedalia Chamber of Commerce in a movement to properly and adequately take care of this community's unemployment needs. Wednesday the Democrat, in its efforts to satisfy the hundreds of inquiries reaching the newspaper office daily regarding conditions at the closed bank, sent a telegram to the Comptroller of the Currency asking for statement looking to an alleviation of the anxiety and restlesness that prevailed here. Mr. J. W. Pole, Comptroller of the Curency, Washington, D. C. We are being beseiged by business men, merchants and manufacturers for some information concerning the Citizens' National Bank which was closed by the directors, Monday, Nov. 2, following the fatal shooting of the bank president, W. H. Powell (stop) Bank's been closed now nearly three weeks (stop) Persistent reports following completion of inventroy by examiner indicate solvency (stop) Directors will make no statement. Receiver in charge refuses to give out anything (stop) Depositors, marchants and business men are becoming restless because of the situation at other banks here placing embargo on withdrawals which is stifling business and has practically tied up industry (stop) The merchants join us in making an appeal to you for something tangible as to when the Citizens Bank will be permitted to reopen or any other statement that will serve to relieve anxiety that is dominating this community (stop) Conditions growing more serious daily and we confidently believe a statement from you will greatly relieve the situation (stop) Return wire reply will be greatly appreciated. There has been no reply from Mr. Pole to the newspaper's request. However, the appointment of an at torney for the receiver no doubt was hastened when it was pointed out to Mr. Pole the conditions that exists in Sedalia and this commun ity in a business way. The de partment of finance has its rules governing the operations of nation al banks when such banks are turned over to them by the board of directors of the bank, and one of these rules is that no information of any kind shall be divulged regarding the investigation that is be ing made. This is the reason that the newspapers have been stead fastly refused any information for publication. Mr. Coombs, who is in charge of the Citizens Bank, starting today is permitting those having safety deposit boxes in the bank to have access to the bank and to their boxes where it is known they are not in debt to the bank. The time for such visits is between 9:30 and 11:30 a. m. After these hours the bank is closed again until the following day. None of the directors of the bank appear to know any more what is going on within than anyone else outside of the bank. They have been told that when the department is given charge of a national bank that the business of that institution must be carried through to a con clusion that is guided by the rules of the department. Mr. Shortridge called at the bank this afternoon to introduce himself as the new attorney for the institu tion and for conference with Mr Coombs. Mr. Shortridge said after the conference that his duties would be to look after all legal matters pertaining to the bank's business. and gave it as his opinion that he would be called upon to look after collections and do everything else that required legal services to secure the results the banking department desired. It was stated from another source that Mr. Shortridge's appointment did not mean that the bank was in the course of liquidation or that the assets would be liquidated.
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SHORTRIDGE ATTORNEY Appointment Made By Pole, Comptreller of Currency Senator Roscoe Patterson sent telegram from Washington Thursday, Shortridge, him his appointment the of attorney for the receiver of the Citizens National Bank, Sedalia. Mr. Short ridge's appointment made Pole, Comptroller of the according the been known for nearly that Mr. Shortridge had been mentioned for the place that Senator favored pointment. Mr. Shortridge, had given thought the until Senator Patterson suggested that he be applicant, which spired Mr. prompted and appointive. Only cently named by Governor Caulfield Pettis on Missouri's mittee this appointment joined with the Chamber Commerce properly adequately this community's employment Wednesday, the Capital in to satisfy the hundreds inquiries reaching fice daily regarding conditions the closed bank, sent telegram the Comptroller the Currency statement looking alleviation the anxiety and restlesness prevailed here. Mr. Pole, Comptroller the Currency, Washington, are being besieged by business merchants and ufacturers some information concerning the Citizens' National Bank which was closed by the Monday, Nov. following fatal shooting bank president, (stop) Bank's been closed nearly three weeks (stop) Persistent reports followcompletion inventory by examiner (stop) make statement. charge refuses give out anything (stop) Depositors, merchants and business men becoming restless because of the situation other banks here placing embargo which stifling business has practically up industry (stop) The join us in making an appeal you for something tangible when the Citizens Bank mitted reopen any other statement that will lieve that dominatcommunity (stop) ditions are growing more ious daily and confidently believe statement from you will greatly relieve the (stop) Return wire be greatly appreciated. There no reply from Pole the request. the appointment torney for the receiver no doubt hastened was pointed Pole the conditions that Sedalia this business way. The partment finance has its rules governing operations of banks when such banks them the board directors the and these that information kind shall divulged garding the that made. This the reason that the have been stead fastly refused any information for publication. Mr. charge Bank starting yesterday permitting those having safety posit the bank the bank and their they bank. The
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ATTORNEY FOR SEDALIA BANK RECEIVER CHOSEN SEDALIA, Mo., Nov. 19. -(AP)Alfred L. Shartridge, Sedalis attorney, today was appointed attorney for the receiver in charge of the Citizens National bank, which has been closed since November Edwin S. Coombs is receiver. Fine clothes deserve fine cleaning. FAMOUS CLEANERS. Pohne Advertisement.
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EXCELLENT TURKEY DINNER AT CHRISTIAN CHURCH The Pre-Thanksgiving Turkey dinner given by the Ladies' aid of the Christian Church in the church dining room, last Thursday, was one of the best on record. This fellowship of good things to eat was free. Twelve of the old people and "shutins," also were remembered, and many of those present and those served in their homes, insisted on having part in the financial fellowship, by making a liberal donation. LUMBER MEN ELECT H. A. WIMER VICE-PRESIDENT The Central Missouri Lumber men held their Annual Convention at the Hotel Bothwell, Sedalia, Thursday, November 19. Resolutions were adopted, whereby the Lumber Dealers, would become leaders in a move to restore to the railroads, business that has recently been taken over by Motor Transportation Companies and Private Truck owners Deliveries of cement and other products at manufacturing plants to truck men for "unethical" retail dealers was condemned as a practice that "must be "stopped in the future.' It was pointed out that ina-much as the railroads are paying a large portion of the local and state taxes, they should be supported as much as possible. Albert Eichoff of Cole Camp heads the Association following the election of officers at a banquet at the Hotel Bothwell last Thursday night. Other officers are H. A. Wimer, Knob Noster vice-president; Henry Glhleman of Jefferson City, secretary; and T. J. Sturges of Sedalia, treasurer. Directors will be R. Clark of LaMonte and R. M. Phillips oi Marshall, and Geo W. Alexander of Boonville. Lieutenant Governor E H. Winter of Jefferson City, gave a very inspiring address at the banquet. WELCH-FELDKAMP According to the Tuesday morning edition of the Kansas City Times, a marriage license was issued to Miss Philip E. Feldkamp of Seneca, Kanas, at Kansas City, Kansas. They were united in marriage at the St. Benedicts Parsonage, Monday after noon in Kansas City, Kansas The bride is the daughter of Mrs. Edith Welch of this city. She was a member of the Junior Class of the Knob Noster High School, was born and reared in Knob Noster and has large number of friends. Mr. Feldkamp resides at Seneca, Kansas. He has been in this community, residing with his brother, east of town, for the past several months According to reports, the newly weds will make their home in Seneca, with the Groom's mother. Best wishes are extended to Mr. and Mrs. Feldkamp, for a long, happy and successful married life. A. L. Shortridge, apprising him of his appointment to the position of attorney for the receiver in charge of the Citizens National Bank, Sedalia. Mr. Shortridge's appointment was made by J. W. Pole, Comptroller of the Currency, according to the telegram. It had been known for nearly a week that Mr. Shortridge had been mentioned for the place and that Senator Patterson favored his appointment. C. M. S. T. C. NEWS After a two weeks lay off from collegiate competition Tad Reid is grooming his Warrensburg Mules for the big Turkey Day Game with the Maryville Teachers here Thanksgiving day afternoon. At the first of the season it was quite generally admitted that the North west Missourians would win handily, but the showing which the Warrensburg eleven has made in the last fou starts indicates that the game will be a close b ttle with perhaps the breaks deciding the winner. The B areats have by for the most imrr ssive record record having ploughed thru eight orposing teams without loosing or ti ing any. Among their ims are: Peru Teachers, Kirksville Teachers, Rolla Miners: Springfield Teachers St. Benedicts and others. The Mules can turn an otherwise mediocere season into a successful one by defeating Maryville, and as the rivalry is very bitter between the schools the game should be hard fought. Both teams are expected to resort to the air for most of their gains as they have both been highly succesful with that method of attack all season. The Mules have had a fire defense against forward passing attacks all season and if they can stop the vaunted serial attacks of the Bearcats they stand an excellent chance of winning. The game will start promptly at 2:15 o'clock. CELEBRATES BIRTHDAY Miss Edna Theresa Sibert, the daughter of Mr. and Mrs. Ed. F. Sibert celebrated her thirteenth birthday, on Saturday afternoon at her home, east Thirteen girls, members of her class and little friends, joined in the celebration. Those present were: Arlene and Artis Crowley, Dorothy Bobitt. Mary Harris, Wilma Slusher, Marion Steele, Francis Beatty. Ruth and Rosemary McDaniels, Marjorie and Marietta Summerskill, Katie F. Andrews, Beatrice Shoate The afternoon was sent in playing out of door games. The honoree received many nice and useful gifts. At a late hour in the afternoon Mrs. Sibert, asisted by Mrs. Kenneth Sibert and Mrs. Walter Sibert, served deliclous refreshments, to the little guests. All report .a most enjoyable aft rnoon and wish Edna many more happy birthdays. School Notes The Knob Noster baskeeters added four more victories to their list last week. On Wednesday they defeated Green Ridge 20 to B. On Friday morning the team mo ored to California, Mo., to take part in the California Second Annual Invitation Basket Bill Tournament. By defeating all teams which they met they became the champions. The score of the games: Knos Noster 40, Jamestown 8; Knob Nostter 36, Fortuna 33; Knob Noster 39, Warsaw 24. The team received a silver basket ball trophy. Ralph Krattli received an individual gold basket ball, by making the All-Star Team at guard position. The following is a summary of the basket ball season up to the present time. We have played 18 games, includ conference, non-conference and tournament games: TOTAL POINTS Won Lost K. N. Op. Conference 9 0 252 103 3 1 97 48 Co. Tournament 2 0 64 2. Calif. Tournament 3 0 115 Grand Total 17 528 Mr. A. W. Hammond of the State Deartment of Agriculture, representing the Marketing Board gave an illustrated lecture to the High School Assembly. In his talk he showed the values 0 the different farm products. Eggs and poultry of various kinds are a large per cent of the farm income. Since this is true he urged greater care in the feeding and marketing of chickens, as great losses are due to poorly cared for flocks. Illustrations were given of the two best types of chicken houses, and an explanation of the reasons why these were the best. Charts were shown of the composition of eggs and the changes that improper care of them, before marketing, caused. Eggs kept too warm, or that were washed were not marketable products for very long time. The high school has two new pictures added to its collection. An etching of the national capitol has been received from the Star Engraving Company, which becomes the property of the school, if it keeps the three year contract it has with that company for Senior rings, pins, and invitations. The other, a picture of the Pantheon, was given to the school by Mrs. W. J. Carr. It has been framed out of funds given by the P. T. A. For the Thanksgiving Holidays, the school will be dismissed on Thursday and Friday of this week. The Freshman Class will give their assembly program on Wednesday afternoon at o'clock. The fifth grade is working out a Pilgrim project in History. Clothespins dressed as Pilgrims are being made. Much interest is shown in them. Some free-hand cutting posters have been made in the sixth grade History Class. These posters show the development of transportation and communication from 1820 to the present time. The fourth grade is having a contest in Spelling. Each perfect spelling lesson counts as one point. The contest will last until Thanksgiving. On wednesday a committee, consisting of Josephine Lay Kenneth Welch, Donald and Bobby Nicholson and Wonda Petre will have charge of a program for Thanksgiving in Room 2. white leghorn hens, conduc d at Mountain Grove, Mo. Tyler was awarded a beautiful loving cup for the five hens entered in the contest that laid 1302 eggs in 365 days, an average of 250.4 eggs per hen per year. The hens are single comb white leghorns which were bred and raised on the Tyler Poultry Farm, two and half miles north of Warrensburg. This honor was won for him after several years of careful breeding and proper management of the hens.
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SARAH SMITH CANDIDATE FOR SAVITAR QUEEN Pi Beta Phi sorority of the Missouri University has nominated Miss Sarah Smith, of Sweet Springs one of its three candidates for selection Savitar queen. women have been named candidates, whom the six supposed the most beautiful will be designated by some artist of national prior to the preparation book. Miss Eleanor Coulter Sweet Springs honored three years and her portrait by Parsons published in the Savitar. CITIZENS BANK REPORT Receiver Edwin Coombs has published statement of the dition Citizens National Bank Sedalia, which closed November Coombs shows assets more than liabilities providing the total bills the amount This cold fort depositors and creditors holding claims excess of two million dollars.
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TO HAVE BANK SeGalia Institution to Open With $100,000 Capital SEDALIA, Mo., June Within few days Sedalia, which recent months seen three of its four major banking institutions closed, will have new bank. has been granted to the Sedalia Bank and Trust Company capital of $100,000. John McGrath, led the movement subscription of capital for the new bank, was to elected president, and William The two banks which survived the storm which followed suicide of William H. Powell, president the Citizens' National Bank last November, third National and the Union Savings Bank.
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SUCCEEDS OCTOBER Known Local Will Have Charge of Banks In This District. ASSETS ONE MILLION Has Been CollectNew Receiver Asks Full Cooperation. William Koenig was notified this morning by telegram from the comptroller's office Washington, of his appointment receivthe Boonville National Bank, the Citizen's National Bank of Sedlia, and the Sedalia National Bank Sedalia to succeed John Carlon. Mr. Koenig takes charge of the three banks Oct. and respectively. Mr. Koenig received the following telegram certifying his appointment: "Washington, 1933. "William Koenig "Boonville, Mo. are appointed receiver of the Boonville National Bank, Boonville, Citizens National Bank, Sedaand the Sedalia National Bank, Sedalia, Mo., to take effect at the close of business Oct. and respectively. You succeed John Carlon, resigned. Take over trusts dates mentioned and acknowledge receipt of this telegram by Commissions and instructions be forwarded to Boonville. O'Connor, At the same time another gram from Comptroller O'Connor received by Mr. Carlon notifying him the acceptance of his resignation and informing Carlon the appointment Koenig successor. Mr. Carlon was structed to turn over trusts, etc., the dates mentioned. Carlon To Return Home As stated in the telegrams, Mr. Koenig will take over the receivership of the Boonville National Bank Oct. 14, The Citizens National Bank of Sedalia Oct. 16, and the Sedalia National Bank, Oct. Mr. Carlon. who has been with the federal comptroller's department for the past 18 months, said this morning that he would return his home to Brookfield, Mo. had been rumored for some time that change would be made replace the Republican administration receiver with someone lected from Democratic Sevranks. eral prominent Boonville made application for the position. This morning Mr. Carlon met Mr. Koeon the street. They greeted other and struck up casual conversation. While they talking messenger boy came up them. He handed telegram. "Well, here Carlon Mr. Koenig took out penknife and opened the telegram. He handthe knife to Mr. Carlon opened his telegram. Mr. Koenig's telegram read as stated above. Mr. Carlon's telegram notified him of the termination his duties. said Mr. Carlon. "Thank returned Mr. Koedo my best to carry out the receivership as quickly as Well Qualified Mr. Koenig, who widely known Central Missouri, and who familiarly called "Doc" by hundreds of friends, ably fitted for the receivership duties. For the past years he has been prominent in banking and farm loan circles here. He Cooper collector county from to 1915. In he of the Farmers Trust Company and charge of the real estate loans. He president of the Citizens Trust Company, associated with the Farmers Trust, and efficiently handled the liquidation of those institutions. said that Koenig knows every farm Coopcounty and many farms in The Boonville Insurance Agency continue operate in its presquarters without change Mr. Koenig said. He that he had instructions regarding the personnel at the three banks he taking hope complete liquidation of the banks quickly Koenig said, may at this time for the cooperaof the community. accomplish this and (Continued