10627. Bank of Sheldon (Sheldon, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 6, 1896
Location
Sheldon, Missouri (37.658, -94.293)

Metadata

Model
gpt-5-mini
Short Digest
5204f8fe

Response Measures

None

Description

Sheriff closed the Bank of Sheldon (property of Conkling Bros.) under a Vernon County circuit court injunction based on a state bank examiner's report that the business was conducted in an unsafe and unbusinesslike manner. Receivers were appointed. No article describes a depositor run prior to the closure.

Events (2)

1. August 6, 1896 Receivership
Newspaper Excerpt
J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.
Source
newspapers
2. August 6, 1896 Suspension
Cause
Government Action
Cause Details
Closed by sheriff under injunction of Vernon County Circuit Court based on State Bank Examiner Gordon Jones's report that business was conducted in an unsafe and unbusinesslike manner.
Newspaper Excerpt
Sheriff Scroghem closed Conkling Bros.' banking house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., this morning, under an injunction of the Vernon County Circuit Court.
Source
newspapers

Newspaper Articles (8)

Article from New-York Tribune, August 7, 1896

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Article Text

BANKS CLOSED BY THE SHERIFF. Nevada, Mo, Aug. 6.-Sheriff Scroghem closed Conkling Brothers' banking house in this city, the Bank of Bronaugh, the Bank of Sheldon and the Bank of Richards, all the property of Conkling Brothers, this morning, under an injunction of the Vernon County Circuit Court. The action was based on a report of State Bank Examiner Jones that the business was conducted in an unsafe and mbusinesslike manner. T. W. Conkling. one of the firm, says that the closed banks will be able to pay every dollar of their indebtedness J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.


Article from The Norfolk Virginian, August 7, 1896

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Article Text

THREE BANKS CLOSED, SheriffShats Them Up for Doing Busi. BOSE in an Unbusiness Way. Nevada, Mo., Aug. 6.-Sheriff Scrogheim closed Conkling Brothers' banking house. in this city: the Bank of Bronaugh. Bank of Sheldon and the Bank of Richards, all property of Conkling Brothers, this morning under an injunction of the Vernon County Circuit Court. Such action was based on a report of State Bank Examiner Gordon Jones that the business was conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm, says the closed banks will be able to pay every dollar of their indebtedness. L.L. George and C. M. Spartol were appointed to take charge of the firm's business as receivers.


Article from The Morning News, August 7, 1896

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Article Text

UNBUSINESS-LIKE BANKS. A Missouri Court Orders a Bank and Its Branches Closed. Nevada, Mo., Aug. 6.-Sheriff S. Schroghem closed Conkling Bros.' banking house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., this morning, under an injunction of the Vernon county circuit court. Such action was based on a report of State Bank Examiner Gordon Jones, that the business was conducted in an unsafe and unbusiness-like manner. I. W. Conkling of the firm says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartet were appointed to take charge of the firm's business as receivers.


Article from The Greenville Times, August 8, 1896

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Article Text

MISSOURI BANKS CLOSED On the Strength of Reports of State Bank Examiner Gordon Jones. NEVADA, Mo., Aug. 6. - Sheriff Scroghem closed Coakling Bros. bank house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., under an injunction order of the Vernon county circuit court. The action was based on a report of State Bank Examiner Gordon Jones to Secretary of State Lesueur, reporting the business as being conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm. says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.


Article from The Taney County Republican, August 13, 1896

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Article Text

MISSOURI STATE NEWS. Flacky Women Save a Child. three-year-old son of Zeke Hope fell The who lives in West Fulton, The head kins. foremost into a 40-foot well. mother of the child saw her baby as fell, and screamed for assistance. cries he Mrs. Henry Harris, hearing her ran and grasping the situation, to the scene, first grabbing up a long rope. Tying the rope around down coal-pit waist, Mrs. Harris climbed her of the well, Mrs. Hopkins fast to the other She reached the holding the walls water, end some of from the top, and four feet under the the some feet rope. diving water down the child to the Mrs. Hopkins load to the to safety. precious drowning Slowly top,andafter surface drew boy drew hard and her work they brought the little consciousness. After the danger was was Mrs. Harris fainted, but minutes. past brought around all right in a few Missouri Banks Closed. Sheriff Seroghem of Vernon county, other day, closed Conkling Bros. house in Nevada, the of banking the the and Bank Bank of Sheldon of Richards, all the of Bros., under an Bronaugh, Conkling Bank injunction or- property court. der of the Vernon county circuit of The action was based on a report Examiner Gordon Jones to of State Lesueur, as being an State the Secretary business Bank conducted reporting in and unbusiness-like manner. of the firm, says the L closed unsafe W. Conkling, J. banks will be able to pay every L. dollar of their indebtedness. George and C. M. Shartel were appointed to take charge of the firm's business as receivers. Missouri National Banks. The banks of Missouri, exclusive of the cities of St. Louis, Kansas City and St. Joseph, show their average reserve, July 14, to have been 29.57 against 29.53 percent. on May loans and discounts decreased from $7,613,072 7: to $7,347,559; stocks and securities increased from $706,633 to $717,301; coin increased from $314,310 to $333,822; total specie increased from $471,886 to $497,319; lawful money reserve decreased from $777, 457 to $730, 570;individual deposits decreased from $6,642,121 to $6,441,438. A Desperate Man. Marion Bowman, who was being taken to Springfield, Ill., by Sheriff the Baxter, of that city, to answer to charge of abducting a nine-year-old girl named Mattie McKinney, jumped & from the window of the Chicago Alton train at Curryville, Pike county, and made his escape, although he was handcuffed and the sheriff had chained him to the car seat. Old Settlers of Vernon County. The eighth annual meeting of the old settlers of Vernon county was held at White Sulphur Lake park, Ne. vada. A basket dinner was spread the trees, free to all. The oldest on the ground was who located in settler mers, under Vernon Moses county Sum- he with his parents 66 years ago, when was three years of age. Prisoner Jumps From a Train. Says a dispatch from Tuscola, Ill.: Hazel jumped from an Illinois train was Central John passenger that hour, running at the rate of 40 miles an and was almost instantly killed. He in of an was was custody officer, and in Miswanted for stealing horses souri. He gave his home as Poplar Bluff, Mo. Wright Must Hang. Gov. Stone has positively refused to interfere with the death penalty imWilliam Wright, non negro who beat to posed county upon his the wife Verdeath with an ax and narrowly in- escaped lynching at the hands of furiated negroes. Wright will be hanged at Nevada, August 10. One Man's Desperate Attempt. C. Peters. 3657 Page avenue, St. made a mixture of orange green, and blue ink, added Louis, Geo. arnica, tur and tincture of lead, and He was taken to the city purple it. pentine hospital drank and pumped out. Peters was despondent over failure to secure work. A Talented Young Man. Dr. Robert M. Boyd died at Springfield of typhoid fever. He was 27, and of the late S. H. Boyd, minisSiam under the Dr. Boyd acted as istration. ter the to son Harrison minister adminto that country for some months prior to his father's death. May Never Come Back. Emmet Lavin, in jail at Clarence a charge of burglary, escaped a few leaving a note that he had gone to hunt George upon days ago, stating would Taylor, and when he found him he return. A Farmer's Narrow Escape. Chamberlain a farmer west John


Article from Iron County Register, August 13, 1896

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Article Text

Missouri Banks Closed. Sheriff Scroghem of Vernon county, the other day, closed Conkling Bros.' banking house in Nevada, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., under an injunction order of the Vernon county circuit court. The action was based on a report of State Bank Examiner Gordon Jones to Secretary of State Lesueur, reporting the business as being conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm, says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.


Article from The Cape Girardeau Democrat, August 15, 1896

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Article Text

Missouri Banks Closed. Sheriff Scroghem of Vernon county, the other day, closed Conkling Bros.' banking house in Nevada, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., under an injunction order of the Vernon county circuit court. The action was based on a report of State Bank Examiner Gordon Jones to Secretary of State Lesueur, reporting the business as being conducted in an unsafe and unbusiness-like manner. I. W. Conkling, of the firm, says the closed banks will be able to pay every dollar of their indebtedness. J. L. George and C. M. Shartel were appointed to take charge of the firm's business as receivers.


Article from Custer Weekly Chronicle, August 15, 1896

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Article Text

FOUR BANKS CLOSED. A Missouri Sheriff Does a Wholesale Closing Business. Nevada, Mo., Aug. 6.-Sheriff Scroghem closed Conkling Bros.' banking house in this city, the Bank of Bronaugh, Bank of Sheldon and the Bank of Richards, all the property of Conkling Bros., this morning under an injunction of the Vernon county circult court. I. W. Conkling of the firm, says the closed banks will be able to pay every dollar of their indebtedness. J. L George and C. M. Shartel were appointed to take charge of the firm's business as receivers.