0fe1047dFull suspension
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Slater Bank Failed. The Citizens Stock Bank, of Slater, Mo., generally known as Fields' Bank, failed to-day and its doors are closed. The SlaterSavings Bank has also suspended to prevent a "run," but will be opened again in a few days. The finest and largest assortment of pipes, mostly all imported from France, that can be seen between Kansas City and St. Louis is kept at Urban Weimer's new store. When buying a Xmas present in that line call and see him first. d&w3t
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VERY BAD FAILURE. Citizens' Stock Bank of Slater, Mo., in the Hands of an Assignee. Liabilities of $550,000, With Less Than $3,000 Cash on Hand. SLATER, Mo., Dec. 18.-The Citizens' Stock bank, capitalized at $100,000, losed and is in the hands of C.P. Storts as assignee. Joseph Field, cashfor of the institution, also made an asignment for the benefit of his creditors. The failure is a bad one. Among the creditors are said to be various St. Louis and Chicago institutions. The bank's liabilities amount to about $550,000, and assets, excluding considerable worthless paper, will not exceed $250,000. One firm owed the bank $85,000, which is unsecured, and another firm, whose entire assets will dot exceed $10,000, owed the bank $45,000. Only $3,000 in the Vaults. The failure was precipitated by a call of the state officials for a statement, which showed that of the capital stock and $250,000 of deposits there is in the vaults of the bank less than $3,000. Since the panic of 1893 the bank has been on the verge of bankruptcy but by the strenuous efforts of its stockholders and friends it has been kept up. The failure caused great excitement and precipitated a run on the Slater Savings bank, capitalized at $50,000, and resulted in the bank being closed also. It was placed in the hands of Mayor R. T. Brightwell, but it is expected it will reopen soon.
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A MISSOURI BANK FAILS. Slater Institution Goes Under, with Heavy Liabilities-Savings Bank Closed. SLATER, Mo., Dec. 18.-The Citizens' stock bank, capitalized at $100,000, closed Monday and is in the hands of C. P. Storts as assignee. Joseph Field, cashier of the institution, also made an assignment for the benefit of his creditors. The failure is a bad one, and will catch many creditors heavily. Among them are said to be various St. Louis and Chicago institutions. The bank's liabilities amount to about $550,000, and assets, excluding considerable worthless paper, will not exceed $250,000. The failure was precipitated by a call of the state officials for a statement, which showed that of the capital stock and $250,000 of deposits there is in the vaults of the bank less than $2,000. The failure caused great excitement and precipitated a run on the Slater savings bank, capitalized at $50,000, and resulted in the bank being closed also.
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A MISSOURI BANK FAILS. Slater Institution Goes Under, with Heavy Liabilities-Savings Bank Closed. SLATER, Mo., Dec. 18.-The Citizens' stock bank, capitalized at $100,000, closed Monday and is in the hands of C. P. Storts as assignee. Joseph Field, cashier of the institution, also made an assignment for the benefit of his creditors. The failure is a bad one, and will catch many creditors heavily. Among them are said to be various St. Louis and Chicago institutions. The bank's liabilities amount to about $550,000, and assets, excluding considerable worthless paper, will not exceed $250,000. The failure was precipitated by a call of the state officials for a statement, which showed that of the capital stock and $250,000 of deposits there is in the vaults of the bank less than $2,000. The failure caused great excitement and precipitated a run on the Slater savings bank, capitalized at $50,000, and resulted in the bank being closed also.
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MINOR NEWS ITEMS. For the Week Ending Dec. 26. The whisky trust has reduced prices on all classes of goods one cent per gallon. Four concerns doing business in Milwaukee failed with liabilities aggregating $195,000. Henry Kinnet, a farmer living near Prebel. 0., was buncoed out of $3,000 by the tin box scheme. Edwin P. Green, aged 65, ex-president of the Ohio Bar association and former judge, died at Akron. At Vineland, N. J., a fast express train collided with a carriage and killed three of the occupants. Acting under American advice, China decided to send a new mission to Japan to sue for terms of peace direct. On the ground that the act is illegal, the income tax law w.ll again be fought in the United States senate. James Allen (colored) was shot to death by a mob at Brownsville, Tex. He was charged with burning barns. Ex-Congressman Marquett, of Lincoln, Neb., died at Tampa, Fla., from rheumatism of the heart. aged 63 years. William H. Dowty, a young farmer living near Toulon. III., was found dead on his farm and nearly eaten by hogs. Douglas Putnam, great grandson of Gen. Isaac Putnam, of revolutionary fame. died at Marietta, O., aged~ 88 years. John E. Bittell and his wife were arrested at St. Joe, Mo., charged with being the leaders of a band of counterfeiters. The original manuscript of "America" was sent to the pope by David Pells Secor for deposit in the vatican library. The Oregon Pacific road, the construction and equipment of which cost $11,000.000, was sold at auction for $100,000. Mrs. L. W. Guitean, stepmother of the assassin of President Garfield, died at Freeport, Ill., where she has lived since 1852. President and Mrs. Cleveland, it is announced, will this winter take part in no social function not demanded by precedent. Charles Edward Duffee, the ball player, better known as "Home Run Duffee," died at Mobile, Ala., from consumption. Gov. Pennoyer, of Oregon, has sent an appeal to President Cleveland to withdraw bis opposition to the free coinage of silver. Wearied of waiting for a lover who had deserted her years ago on Christmas day, Miss Miller, of Johnstown, Pa., ended her life. While eating Christmas dinner at the home of a friend in Rockford, Ill, Henry B. Evans was taken ill and died within a few minutes. Many farmers and merchants were financially ruined by the failure of the Citizens' stock bank and Slater sav ings bank at Slater, Mo. The body of ex-Sheriff Jaines R. Curry, who had died from some peculiar disease, was stolen from its grave at Greenwood, Ind. Ex-Gov. Gear, of Iowa, member of congress and senator-elect, has been stricken with apoplexy. Immediately fatal results are not feared.
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WEARIED of waiting for a lover who had deserted her years ago on Christmas day, Miss Miller, of Johnstown, Pa., ended her life. WHILE eating Christmas dinner at the home of a friend in Rockford, Ill., Henry R. Evans was taken ill and died within a few hours. JUDGE WALL, of Leadville, says that there is no law in Colorado prohibiting a man from burning hisown honse. CHARLES EDWARD DUFFEE, the ball player, better known as "Home Run Duffee," died at Mobile, Ala., from consumption. NEARLY 2,000,000 feet of lumber and twenty loaded railway cars were destroyed by fire at Burlington, Vt., the loss being $150,000. MANY farmers and merchants were financially ruined by the failure of the Citizens' stock bank and Slater savings bank at Slater, Mo.
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NEARLY 2,000,000 feet of lumber and twenty loaded railway cars were destroyed by fire at Burlington. Vt., the loss being $150,000. MANY farmers and merchants were financially ruined by the failure of the Citizens' stock bank and Slater savings bank at Slater, Mo. THE state normal college for girls at Livingstone, one of the most prosperous institutions in Alabama, was burned. A HEAVY snowstorm raged from Nebraska to the Atlantic coast. EDWARD R. CARTER. for twenty-nine years a clerk in the National bank of commerce of New York, confessed to embezzling $30,000. WILLIAM S. WHITMAN, of Winooski, Vt., shot and killed his wife and two boys and then committed suicide. Domestic trouble was the cause. A. W. ALTON, of New Jerusalem, Tex., when arrested in New Orleans upon the charge of insanity said he was on the way to Washington to kill the president. EIGHTEEN persons were seriously injured in a collision between passenger trains at Waxahachie. Tex. ALIX failed in an effort to lower her record at Los Angeles, trotting a mile in 2:05 1/2. The 2-year-old Directly paced a mile in 2:08. THE largest singlemail ever brought across the Atlantic arrived in New York on the steamer Majestic. It was in 1.672 bags. ANNIE FREEZE, a 15-year-old girl, was abducted from the home of her grandfather near Hicksville, O., by unknown persons. A MAIL pouch destined for Hartford and containing 600 letters was stolen from the depot platformat New Haven, Conn. DAN McDoNALD and Will Carter (colered were lynched by a mob near Meridian, Miss, for killing Jacob Copp. aged 75 years. STATE teachers' associations of 111inois, Wisconsin, Iowa, Michigan, Indiana, Nebraska, South Dakota and Kansas held their annual meetings. Ex-CAPT. STEPHENSON, of New York, the first of the police officials convicted as a result of the Lexow investigation, was sentenced to three years and nine months imprisonment and fined $1,000. THE visible supply of grain in the United States on the 26th was: Wheat, 89,071,000 bushels; corn, 8,838,000 bushels; oats, 9,000,000 bushels; rye, 452,000 bushels: barley, 3,306,000 bushels. FIVE white boys were fatally burned in a suburb of Richmond, Va., by an explosion of gunpowder. WILLIAM BLAKESLEY, of Sacramento, Cal., supposed by his parents to be dead for thirty years, gladdened their hearts at Trenton, N. J., by letting them know he is alive. MADELINE POLLARD'S attorneys propose to follow Breckinridge on his lecture tour and attach the receipts. A PRAIRIE fire swept over a large area in the southern part of "N" county, O. T., and a number of farmers lost everything they owned and barely escaped with their tamilies. THE old capitol building at Atlanta, Ga., was burned, the loss being $100,000. ALEX WILLIAMSON and Will Perry, two young men living at Coalburg, Ala., fought for the hand of Nannie Bell and both were killed. THE worst blizzard in years swept over the western and eastern states. Along the Massachusetts coast many ships were wrecked, causing great loss of life, and in the cities of Boston and New York much damage was done by the storm. BURGLARS broke into the home of Henry Fecker, at Piqua, O., and carried off his savings, amounting to $4,750. JOHN W. FOSTER, ex-secretary of state, has consented to go to Japan to aid the Chinese representatives in bringing about peace. FARMERS and robbers engaged in a desperate fight near Salem, O:, and two of the former were shot and one of the latter. THE bank at Somonauk, III., was entered by burglars, who robbed the safe of $8 100 and a large amount of valua-
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THE BANK IN BAD SHAPE. Slater Creditors Likely to Realize Little -No Trace of Cashier Fields. MARSHALL, Mo., Dec. 31.-An official statement of the condition of the Citizens Stock bank of Slater has been made. Notes signed by six men aggregate $423,900. The liabilities and assets are as follows: Liabilities-Sight deposits $216,215; time deposits, $78,904: bills payable and bills re-discounted, $294,700. Total, $589,819. Assets-Discounts held as collateral, $469,915: discounts. cash on hand and over-drafts,$233,687. Total. $703,602. The official statement of the Slater Savings bank has not yet been made. but recent developments indicate that it is in as bad a condition as the other bank. Speculation is assigned as the cause of the Slater fail 'res. Nothing has been heard of Cashier Fields since he disappeared. He is supposed to be in Canada or Old Mexico.
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The News Condensed. Important Intelligence From All Parts. DOMESTIC. THE Oregon Pacific road, the construction and equipment of which cost $11,000,000, was sold at auction for $100,000. ROBERT BIRD and John Spann were killed and three men fatally hurt by the explosion of the boiler of a gristmill at Bonayr, Ky. RINGLEADERS of the gang which robbed David Slocum and wife of Erie, Pa., of $10,000 after torturing them, were captured. THE funeral of ex-Senator Alcorn at Eagle's Nest, Miss., was attended by 800 enegroes, the majority of whom were his former slaves. SNEAK thieves entered a barber shop in St. Louis and stole a pocketbook belonging to Michael Doran containing $28,000. FOUR concerns doing business in Milwaukee failed with liabilities aggregating $195,000. CHRISTMAS editions of the San Francisco Examiner and the Rocky Mountain News of Denver were issued by society women. AT Vineland. N. J., a fast express train collided with a carriage and killed three of the occupants WHILE skating in a park at St. Paul three students of the St. Paul college broke through the ice and were drowned. THE original manuscript of "America" was sent to the pope by David Pells Secor for deposit in the vatican library. SAMUEL C. SEELY, who stole $354,000 from the Shoe and Leather bank of New York, was sentenced to a term of eight years. THE body of ex-Sheriff James R. Curry. who had died from some peculiar disease, wasstolen from grave at Greenwood, Ind. JOHN E. BITTELL and his wife were arrested at St. Joe, Mo., charged with being the leaders of a band of counterfeiters. MRS. KELHER, of English, Ind., in burning some old letters destroyed $2,400, the total proceeds of the sale of her home. AT Huntsville, Ala., Mrs. Ida Ross was given a verdict of $16,000 against the Western Union Telegraph company for failure to deliver a message to her husband. MRS. MYRTLE SIMPSON poisoned herself at Peoria. Ill., because of her husband's fondness for a 6-year-old daughter by a former wife. EUGENE V. DEBS and other members of the American Railway union were granted a stay of sentence in Chicago until January 8. Gov. PENNOYER, of Oregon, sent an appeal to President Cleveland to withdraw his opposition to the free coinage of silver. GEORGE ROBERTS, given a life sentence at Terre Haute, Ind., for train wrecking, says he was promised immunity for aiding the authorities to convict his associates. A NEGRO named Benjamin was lynched by a mob at Ocala, Fla., for assaulting a white woman. ON the ground that the act is illegal, the income tax law will again be fought in the United States senate. WEARIED of waiting for a lover who had deserted her years ago on Christmas day, Miss Miller, of Johnstown, Pa., ended her life. JUDGE WALL, of Leadville, says that there is no law in Colorado prohibiting a man from burning hisown honse. WHILE eating Christmas dinner at the home of a friend in Rockford, Ill., Henry R. Evans was taken ill and died within a few hours. CHARLES EDWARD DUFFEE, the ball player, better known as "Home Run Duffee," diedat Mobile, Ala., from consumption. NEARLY 2,000,000 feet of lumber and twenty loaded railway cars were destroyed by fire at Burlington. Vt., the loss being $150,000. MANY farmers and merchants were financially ruined by the failure of the Citizens' stock bank and Slater savings bank at Slater, Mo. THE state normal college for girls at Livingstone, one of the most prosperous institutions Alabama, was burned. A HEAVY snowstorm raged from Nebraska to the Atlantic coast. EDWARD R. CARTER, for twenty-nine years a clerk in the National bank of commerce of New York, confessed to embezzling $30,000. WILLIAM S. WHITMAN, of Winooski, Vt., shot and killed his wife and two boys and then committed suicide. Domestic trouble was the cause. A. W. ALTON, of New Jerusalem, Tex., when arrested in New Orleans upon the charge of insanity said he was on the way to Washington to kill the president. EIGHTEEN persons were seriously injured in a collision between passenger trains at Waxahachie. Tex. ALIX failed in an effort to lower her record at Los Angeles, trotting a mile in 2:051/2. The 2-year-old Directly paced a mile in 2:08. THE largest singlemail ever brought across the Atlantic arrived in New York on the steamer Majestic. It was in 1.672 bags. ANNIE FREEZE, a 15-year-old girl.was abducted from the home of her grandfather near Hicksville, O., by unknown persons. Ex-CAPT. STEPHENSON, of New York
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# Postmaster at Shelbina. The long-pending controvery over the postmastership at Shelbina was settled by the nomination of John S. Preston. This is in Col. Hatch's district, and has given the farmer no end of bother. The papers in the case filled a half-bushel measure. So hot has the fight among candidates been that the republican postmaster held over several months beyond the expiration of his term. Every democratic patron of the office put his name at least once to the papers. Mr. R. M. Wallace. Col. Hatch's committee clerk, took a day off and counted all of the names supporting each candidate. Then Col. Hatch arranged the candidates according to the number of signatures and indorsed the candidates in that order. # St. Louis Merchants' Exchange Presidency. George H. Small will be president of the St. Louis Merchants' exchange during 1895. Mr. Small has been vice-president the past year. He is 52, was born in Kentucky, but reared in Missouri, his father, David Small, removing to Lafayette county over forty years ago, where he followed the occupation of farmer. George H. Small served in the confederate army, enlisting in 1861, and remaining until peace was declared. He then took a three-years' course in college, entered the commission business in St. Louis, where he has remained ever since. He has served as police commissioner of St. Louis, being appointed by Gov. Francis. # The Homeopathists. The homeopathists will make a strong fight for recognition in the state eleemosynary institutions. More particularly, it is said, in the insane asylums, and for the establishment of a chair of homeopathy in the state medical college in the univerisity at Columbia. A committee representing the Missouri Institute of Homeopathy, the official body of the state, had a long interview with Gov. Stone, and have interviewed many members of the assembly. The committee will remain on the ground and make a strong fight for representation for their school. # Treasurer Stephens' New Bond. State Treasurer Stephens, in compliance with the law, has made a new bond to the state in the sum of $1,940,000. The signers (there are sixty-seven) made oath that they own that much unincumbered real estate. The amount required by law is $500,000 with no less than ten sureties, to be approved by the governor This is the strongest document of the kind ever filed in the state department, it is said, and the governor, upon its examination, immediately approved of the same. # I. M. Davidson. I. M. Davidson, one of the most prominent and wealthy men in Butler county, died the other day. He was the largest holder of real estate in the county, owning land scattered all over the county. 100 tenement houses and over 500 lots in Poplar Bluff. He owned a large amount of county warrants, bonds and cash, his wealth being estimated at over $200,00. The deceased was public-spirited, was 60 years of age, and leaves a widow and eight children. # State Board of Health. The state board of health will formulate a lot of legislation for the general assembly. Among other things that will be included in the bill, or bills, to be presented will be a provision providing for the establishment of county boards of health, for the purpose of collecting vital statistics. The board will ask an extension of its powers, so as to have control of all epidemics and communicable diseases. # A Murderer Escapes. John Owens, under sentence of death for a murder committed in Atchison county, escaped from jail at St. Joseph. For his capture, $300 reward. # An Insurance Man Forks Over. J. W. Lancaster, a weathy insurance man of St. Joseph, was awakened by a barglar the other night and forced to hand over valuables worth $400. # Depositors Will Be Paid in Full. The assignee of the defunct Commercial bank, St. Joseph, says the depositors will be paid in full and a few thousand left for stockholders. # Rev. H. B. Seeley. Rev. H. B. Seeley, a superannuated minister of the M. E. church, died at Chillicothe of cancer, aged 58. He served in the Union army. # Farmer Assigns. James Beber, one of the oldest farmers in Jackson county, has assigned. Assets, about 1,200 acres of farming land, valued at $60,000. # In a Bad Way. Depositors of the failed Slater savings bank have been hopeful of recovering something, but have at last given up in despair.
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ments, both state and private, HOW BANKING IN SALINE but otherwise no inquiry was LOOKED IN 1907 (Continued from Page 1) its cashier and he was succeeded The fourth failure in the counby H. S. Mills, a veteran banker ty was that of A. K. Florida at of Central Missouri, who finally Arrow Rock in 1895, already referred to. removed to Kansas City and es. tablished a private banking busi- Mentions J. L. Woodbridge ness which was continued by the Saline is well provided with Western Exchange Bank. banking facilities, there being Hid Gold in Graveyard sixteen banks all incorporated un- The branch bank at Arrow Rock continued in business until the troublous war period, when its officers were notified by the parent bank to bring their coin to St. Louis, The local officers held a hasty caucus and decided to ignore the demand. Under cover of darkness the gold was borne far into the interior of the county and buried in Tasso Potter's graveyard near Orearville's present site. The directors afterward reconsidered their action and delivered the money to the paren' bank. After the liquidation of the branches of the old Bank of the State of Missouri, a new bank was started in Arrow Rock in 1867 with $50,000 capital under the name of the Bank of Missouri with W. B. Sappington president. H. S. Mills cashier, George A. Murrell, W. H. C. McMahan and others directors A New Arrow Rock Bank In the course of time the Bank of Missouri was removed by H. S. Mills from Arrow Rock to Kansas City, and in 1882 the private bank of Nelson & Baker was organized at Arrow Rock to take its place. Later this bank was sold to A. K. Florida, a speculator of St. Louis. The failure of this bank in 1895 was followed by the suicide of the owner. In 1858 W. S. Brown & Company conducted a private banking business in Miami and continued the same until broken up by the war, all claims being paid in full. Mr. Brown had previously endeavored to obtain for Miami the branch back before it was located at Arrow Rock, there being great rivalry between these two towns at that time. W. S. Brown is still living, residing in California, and is the father of George W. Brown, merchant of Marshall. Directly after the close of the war in 1865 the Brownsville Banking & Savings Association was organized and has enjoyed profitable existence ever since although the name of the town has been changed to Sweet Springs, the name of the bank correspondingly changed to the Bank of Sweet Springs. First Marshall Bank In the late 60s Eakin & Hamner established a private bank at Miami and was succeeded by the Miami Savings Bank. About this time Dunnica, Cordell & Montague opened a private bank in Marshall, being the first bank in town. The banking house of Gilliam & Doak was established shortly after. In February, 1874, the private bank of Wood & Huston was opened in Marshall and continues busineess on the same site. The business of Dunnica, Cordell & Montague was reorganized as the Saline County Bank in 1874 and was later absorbed by the Farmers' Savings Bank, which was removed from Waverly, Mo., to Marshall in 1879. Quit With Death of Partner The firm of Gilliam & Doak discontinued business with the death of the active partner, H. D. Doak, in 1878. There have been four bank failures in Saline County. In 1892 Cordell & Dunnica failed at Marshall. This was the first bank failure in the county. The bank paid out 48 per cent to creditors. Two years later the two banking institutions at Slater, the Citizens' Stock Bank and the Slater Savings Bank, suspended on the same day. The failures were most disastrous, creditors receiving but little on claims aggregating about three-fourths of a million dollars. These two failures were instrumental in bringing about the enactment of the bank inspection law in 1895. In 1878 the legislature had enacted a law providing for the publication of bank statemade by the state into their methods of conducting business. der the state law There are no private banks and only one national bank has ever been organized in the county, the First National Bank of Marshall, which was organized in 1882 and was later reorganized as the Bank of Saline. This bank was managed until recently by J. L. Woodbridge, a veteran banker of Saline County, having performed about thirty-five years of faithful service at Miami, Nelson and Marshall. He has recently sold his banking interests and removed to Colorado on account of his health. His many friends regret to see him drop out of the ranks. In the way of equipment the Marshall banks have kept abreast of the times. The Bank of Saline and the Bank of Marshall have remodeled their quarters and they are now comfortable and convenient. About four years ago the Farmers' Savings Bank erected a handsome 3-story building at a cost of about $40,000 and the Wood & Huston Bank has just completed its new building at about the same cost. It is a 1story structure and devoted entirely to the use of the bank, and follows the style of architecture that has been attractive to the banks in the larger cities during the last few years. The quarters, we think, are well arranged, convenient and complete, and we extend to all of you a hearty invitation to inspect them personally.
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The In Banking Looked Back In The The few Saline years County been going through depression and the fifteen years before that period of most normal inflation and prosperity. These recent occurrences such diamterically opposed ditions make hard for us to member how things were back the normal times before the World War started and the preceding that. Therefore, especially interestthese extracts from read by Barnhill of the Wood Huston Bank before the meeting of Group the souri State Bankers' Association Sedalia November The excerpts: report on banking conditions Saline County at the present time not be wholly unlike report from other counties prising Group located as they are in contiguous territory, and two exceptions pendent upon practically the interests for supportnamely, agriculture. Howard and Lafayette counties have some coal and Pettis shops and otherwise their terests nearly identical. line strictly agricultural the farmer all prosper and when suffers suffer. With grain and livestock are the bread and staff of life, and in this rection Saline is county of showing. This is borne out mean by statistics compiled by the state labor bureau (1906) and from which take the following figures: Saline Led Group Value of surplus products Group County Value Saline $6,929,076 Lafayette 6,271,287 Pettis 5,167,735 Howard 1,690,172 Benton 1,056,000 Cooper 2,914,693 Johnson 2,843,000 Saline being first in the group fourth in the Francois and Jackson being second and third, respectiveThe same report shows value livestock shipped from Saline 1906 $3,249,000. which is third the state, Nodaway and Boone being first second. Cattle shipped, 50,550 head, which third the state, Schuyler and Clinton counties being first and second. Our Chickens in the Pot Live poultry shipped pounds which first in the state. Saline takes off her hat Pettis the single item of dressed poul Pettis being the first in the with pounds. Over when killed chicken way, allowed to leave the never county. With report like the foregoing not quite natural that Saline should have thousands of farmers who in better shape today than they have ever not also quite natural that the banks of Saline County should make showing keepwith these resources, for are the banks dependant upon resources for existence? The consolidated bank statements under date of August last, show sixteen banks with: Capital and Deposits 2,900,000 payable Total $3,920,000 Loans, $2,700,000 Loans, real estate 450,000 Reserve 770,000 Total $3,920,000 Demand for Money From this statement readily that banks seen Saline in healthy condition though the same time they heavy demand experiencing most all banks money, throughout the country not altogether from the same causes. With this demand attributable to several money conditions: First, the advanced prices especially real commodities, estate, and feeding cattle, requiring more money to the than heretofore, Second, heavy land farmers investing all their many land and surplus high priced calling on the banks for money which operate, Saline Cash Southwest Third, the withdrawal of for the particularly Texas. These conditions, together increased number account for this demand for locally. Our money feeders buy until late last winter and consequently the bulk of the fat cattle have late market, and in instances stockers purchased before the shipment of fat cattle well under way, thus hitting the banker "goin" and comin'." Six Prosperous Years Another factor local ditions this: The last half years have been prosperous and prior to this year most the banks had surplus funds. Some of them took on gilt edge real estate paper, which was offered account of the heavy land buying, rather than purchase outside paper. However, they not seeking real estate loans now. This splendid bank statement of Saline County with total sources $3,920,000 formed day. interesting to study the evolution of this statement note the trials and vicissitudes through which passed during the last three cades. Banks Increase in Number 1874 Saline County had banks with combined capital and deposits of banks with capital $185,000 and deposits of $425,000. 1882, nine banks with $1,000,000 on deposit. The following year the statement showed about the same while in 1885 there eleven banks with deposits of $725,000 and loans of seemed that there strong demand for money in those days also. During the next few years the banks grew gradually and in October, 1902, find this statement: Capital and $1,000,000 Deposits 1,765,000 Bills payable 125,000 Total $2,940,000 Loans $2,440,000 Reserve 500,000 Total $2,940,000 The Panic of Now come to the panic 1893. In less than from the year date of the foregoing statement find this: Capital and $1,000,000 Deposits 1,250,000 payable 220,000 Total $2,470,000 Loans $2,100,000 Reserve 370,000 Total $2,470,000 Thus that within few months the deposits of the decreased bills county about doubled and the payable reduced by one-third. Those troublous times, not only Saline throughout the entire country, the bank statement conditions the responding does to the atmosphere. mercury In the of time began smile once more and ity the bank statement began climb with deposits as follows: 1898, 1901, 1903, 1906, and 1907, $2,900,000. Such Overdrafts! looking these statements the item was ially noticeable. During and 95 the overdrafts the amounted $50,000 county From 1899 to the present time they averaged only $10,000, which is quite an This was brought improvement. about by concerted action on the of the Marshall banks and to what little work show will along the right line withstanding the old saying that overdrafts like the with always.' History of Saline Banking From the standpoint of history Saline cannot claim any priority of the other counties this group. The first banking house to open doors in Saline County branch of the Bank of the State Missouri, which began business Arrow Rock (then metropolis the county) in 1854 with capital, one-half of which subscribed locally. Dr. Boyer cashier and he was succeeded by Mills, veteran banker of Central Missouri, who finally removed to Kansas City tablished private banking which continued by the Western Exchange Bank. Hid Gold Graveyard The branch bank Arrow Rock continued in business until the troublous period, when officers notified by the bank bring their parent Louis The local officers hasty caucus and decided ignore the demand. Under darkness the borne into the interior and buried Tasso near Orearville's graveyard The directors afterward reconsidered their action and livered the money to the bank. After the liquidation the branches of the old Bank of the State Missouri, bank started in Arrow Rock 1867 with $50,000 capital under the name of the Bank of with Sappington president, H. Mills cashier, George Murrell, McMahan and others directors New Arrow Rock Bank In the course time the Bank Missouri was removed by from Arrow Rock to KansCity, and in 1882 the private bank of Nelson Baker ganized at Arrow Rock to take place. Later this bank sold Florida, speculator of St. Louis The failure of this bank 1895 was followed by the of the owner. In Brown Company conducted private banking business Miami and continued the same until broken up by the all claims being paid in full. Mr. Brown had previously endeavored obtain for Miami the branch back before was located Arrow Rock, there being great rivalry between these two towns that Brown still living, residing in California, and the father of George merchant Marshall. Directly after the close of the in 1865 the Brownsville Banking Savings Association organized and has enjoyed profitable existence ever since though the name of the town has been changed to Sweet Springs, the name of the bank correspond ingly changed to the Bank Sweet Springs. First Marshall Bank In the late 60s Eakin Hamner established private bank Miami and succeeded by the Miami Savings Bank. About this time Dunnica, Cordell Montague opened private bank being the first bank in town. The banking house of Gilliam Doak established shortly after. In February, 1874, the private bank of Huston was openMarshall and continues busineess on the same site. The business of Dunnica, Cordell Montague was reorganized the Saline County Bank 1874 and later absorbed the Farmers' Savings Bank, which removed from Marshall in 1879. Quit With Death of Partner The firm of Gilliam Doak continued business with the death the active partner, Doak. in There have been four bank failures in Saline County. In 1892 Cordell Dunnica failed at Marshall. This was the first bank failure in the county. The bank paid out 48 cent to creditors. Two years later the two banking institutions Slater. the Citizens' Stock Bank and the Slater Savings Bank, suspended on the day. The failures were most disastrous, creditors receiving but little claims aggregating about of million dollars. These two failures instrumental in bringing about the actment of the bank inspection 1895. In 1878 the legislaenacted law providing for the publication of bank stateboth state and private, otherwise inquiry made by the state into their methods of conducting business. The fourth failure the that Florida Arrow Rock 1895, already ferred Mentions Woodbridge Saline provided with banking facilities, there being sixteen banks all incorporated the state law There private banks and only tional bank has ever been ized the county, the First National Bank of Marshall, which organized in 1882 and later reorganized the Bank Saline. This bank managed until veteran banker Saline Counhaving performed about thirty-five of faithful service years Miami, Nelson and Marshall. has recently sold banking terests removed to Colorado account of his health. His friends regret to see him drop the ranks. In the way of equipment the Marshall banks have kept the times. The Bank of and the Bank remodeled their quarters comfortable and convenient. About four years Farmers' Savings Bank erected handsome 3-story building of about $40,000 and cost Wood Huston Bank has completed its building about the same cost. structure and story the of the and tirely use follows the style of architecture that has been attractive banks the larger cities during last few The the years. think, well and complete, and venient tend to all tation to inspect them