10671. Commercial Bank (St Joseph, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 11, 1894
Location
St Joseph, Missouri (39.769, -94.847)

Metadata

Model
gpt-5-mini
Short Digest
d256ab8d

Response Measures

None

Description

Newspaper accounts (Dec 11–19, 1894) report the Commercial Bank of St. Joseph went into the hands of an assignee/receiver because capital was impaired by heavy losses and directors decided to liquidate. No contemporaneous run is reported. Dates in articles indicate the assignment occurred on or about 1894-12-11.

Events (2)
1. December 11, 1894 Receivership
Newspaper Excerpt
St. Joseph, Mo., Commercial bank has assigned. ... The Commercial bank, of which Col. N. P. Ogden is president, went into the hand of Arthur Kirkpatrick as assignee tonight. A meeting of the directors was held late tonight, at which it was decided, in view of the recent heavy losses, to go into liquidation.
Source
newspapers
2. December 11, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors reported recent heavy losses; capital ($125,000) impaired about one-half; decided to go into liquidation rather than cover deficit.
Newspaper Excerpt
The Commercial Bank went into the hands of Arthur Kirkpatrick tonight, he being selected as assignee. ... The directors have decided it would be more profitable to close now than to make the deficit good.
Source
newspapers

Newspaper Articles (4)
1. December 13, 1894 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, December 13, 1894

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Article Text

TELEGRAPH BREVITIES. St. Joseph, Mo., Commercial bank has assigned. Corbett will train in Hot Springs. Quanab, Texas, National bank has closed its doors. Commercial Hotel, Luffkin, Texas, burned yesterday; $8,000 loss. Milton Nobles' dramatic company have appeared in Corpus Christi and Laredo. T. E. Sanderfur, a young man from Floresvile, was found murdered six miles from Karnes City yesterday. Wells Fargo Express company's safe at Devers, 54 miles east of Houston, was robbed yesterday. Druggist J. A. Degaugh filed deed of trust for the benefit of his creditors, yesterda, in Austin. Child of Sam Lazzio, Italian, of Houston, was murdered yesterdav by an assassin who was after its father's wealth. Mark Gordon kills Fred Ahldag, near Wharton, Texas, while both were deer hunting. Corpus Christi has a proposition from Alexander Brown & Sons, of Baltimore, to deepen the water over the bar at the Pass there, for a $600,000 land bonus. Frank Falconer suicides in Austin, on account of a quarrel with his wife. Belton, Texas. Opera House company is now chartered. Senate of Georgia refuses to confirm the governor's appointment of John D. Berry to be judge of the Atlantic Criminal court. R. D Wilbourn, of Henrietta, Texas, killed Octavious Selvig, a barkeeper in Chicago yesterdav. while in half maudlin condition from drink. The agricultural department of the A. and M. College of Bryan, has chosen a S te of 151 acres near Beeville, for a substation for experimental work. Dr. Thompson, of Temple, Texas, has been offered the superintendency of the Southwestern Insane asylum by Gov.elect Culberson. Gov.-Elect Culberson has appointed the following: Secretary of State-Allison Mayfield, of Grayson county. Adjutant General-W. H. Mabry, of Marion county. Commissioner of Agriculture - A. J. Rose, of Bell county. State Health Officer-R. M. Swearingen, of Travis county. Superintendent of Blind Institute-E. P. B cton. of Hopkins county. Superintendent of Deaf and Dumb Institute-A. R. Rose, of Hill county. Penitentiary Board-Joe Gunter, of Dallas county: William Clemens, of Comal county, and S. M. Fry, of Tarrant county. Financial Agent of PenitentiariesJoseph S. Rice, of Tyler county. Assistant Financial Agent-N. M. Harrison, of Upshur county. Superintendent of State ReformatoryJ. F. McGuire, of Fayette county. Board of Pardon Advisors-W. B. Dunham and W.C. Denson, of Travis county.

2. December 19, 1894 The Representative Saint Paul, Minneapolis, MN
Article from The Representative, December 19, 1894

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Article Text

GOOD TIMES COMING. Stillwater, Dec. 12.-David Bronson, the assignee of the SchulenbergBoeckeler Lumber Company for this state, in a schedule, places the total liabilities at $925,505, and the assets in the state $146,780.33. The bulk of assets are situated in St. Louis, Mo., and other states. No estimate of the total assets is given. Quanah, Texas, Dec. 12.-Last night at 10 o'clock the City National Bank of Quanah posted notices on its doors, signed by the directors, announcing a suspension. Fertile Journal: A good span of young horses with harnesses were sold on our street Monday for $30. The same team sold two years ago for over $200. To the Editor: In looking over my chattle mortgage record, I find that I have filed more chattle mortgages in the last two years than were filed for twenty years before. I cannot imagine what the HANS LUNDE. end will be. Town Clerk of Stanchfield, Isanti Co. The building and loan society of Loveland on Long Island is the latest defaulter. The disease is spreading, and the worst of it is that all cases are not promptly reported. The Esterly Harvester Company, of Minneapolis. made an assignment on Saturday last. Slater, Mo., Dec. 17.-The Citizens' Stock bank, capitalized at $100,000, closed today and is in the hands of C. P. Storts assignee. Joseph Field, cashier of the institution, also made an assignment for the benefit of his creditors. The faiure is a bad one. One hundred and fifty clothing contractors have shut down, locking out 1,500 tailors. It is thought that this will result in other contractors shutting down until 8,000 men are thrown out of work. The object of the lockout is to force the tailors to return to the piecework system. Northwestern Farmer: A Chicago man has a contract to furnish a lot of horses for the German army, and picked up a earload of them in Iowa. Most of this lot were gray, sound as a nut, strong and shapely. In a little earlier time such horses were valued at 150, but the carload bought averaged only $65 per head. St. Joseph, Mo., 11.-The Commercial bank, of which Col. N. P. Ogden is president, went into the hand of Arthur Kirkpatrick as assignee tonight. A meeting of the directors was held late tonight, at which it was decided, in view of the recent heavy losses, to go into liquidation. The capital stock. which is $125,000, was impaired to the extent of one-half, and as the banks has been losing money from the start the step was deemed advisable. The liabilities are $270,000 assets $325,000. St. Joseph, Mo., Dec. 11.-The Commercial Bank went into the hands of Arthur Kirkpatrick tonight, he being selected as assignee. The capital is $125,000 and by late losses on loans has been impaired. The directors have decided it would be more profitable to close now than to make the deficit good. The assets are $225,000, and liabilities $270,000, principally being due depositors. Not since July, when the railroad strike was in progress, has the Minneapolis flour output run down so low as it did last week, says the Miller. Only 154,225 barrels-or 25,704 barrels daily -were ground. This week three more mills, representing 9,000 barrels daily, are down, and Wednesday. 10 in onera-

3. December 20, 1894 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, December 20, 1894

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Otherwise. The Commercial bank at St. Joseph, Mo., has failed for $270,000. The Georgia legislature adjourned sine die. The story is told that Standard Oil people have practically bought control of sugar stock. P. D. Pollock has declined the office of state school commissioner of Georgia, to which he was recently nominated. The Directors of the American Bell Telephone company have declared the regular quarterly dividend of 3 per cent and an extra dividend of 1 1-2 per cent. Duluth vessel owners are in a syndicate that has let a contract for a $5,000 steel freight ship. It will be 342 feet long and 44 feet beam. The Denver chamber of commerce has adopted resolutions in favor of the construction of the Denver, Sioux City Lake Superior & Chicago railway. The appointment of a receiver for the Southern Malleable Iron works at Chattanooga has been asked and charges of gross fraud by Chicagoans preferred. The Hamburg-American line steamships and the Thingvalla line of steamers have consolidated their interests in all traffic between Scandinavia and New York. Arrangements have been made for a joint service between Copenhagen, Gothenburg and Christiania and New York, which will include regular weekly departures of steamships from both sides of the Atlantic. Gen. E. L. Viele has got into a peck of trouble with Lafayette post, G. A. R., of which he is commander. In a paper read the other night he charged that a courtesan, who was on intimate terms with a member of Lincoln's cabinet, had given away many state secrets. The members of the army post want the general to name the cabinet officer so as to free the other six from suspicion, but Viele refuses to do this. The Inland Lloyds has elected officers as follows: J. J. Clark, president; C. A. McDonald, Chicago, vice president; A. H. McDonnell, secretary and treasurer; Capt. Daniel McLeod, chief inspector, with headquarters in Cleveland; Capt. David Vance, Milwaukee, Capt. A. F. Fitch, Chicago, Capt. Geo. McLeod, Buffalo, executive committee. Arrangement was made for the usual inspection of vessels for next year's registration.

4. January 10, 1895 Iron County Register Ironton, MO
Article from Iron County Register, January 10, 1895

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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.