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Week Compiled FLOYD Secretary State Historical Society of Missouri Columbia, OLD BANK SUSPENDED June 23, 1877 significant Missouri banking circles the which the Bank of the State of Missouri at St. Louis in the hands of receiver of the United States Treasury. when finally failed Although this bank fundamentally changed from its at its beginnin 1877, its failure marked the of of America's great In its early days, then known the bank of the state of Missourt, the official State bank, this bank standards of and conservative finance and had played great in the development of all Missand the Mississippi valley. The State remained the banking business through this banking house 1837 until 1866, but that from sold its stock to syndicate Louis headed by James Eads, and the bank nationalized. This continued to busiuntil the bank was placed the hands of receiver 1877. The Comptroller's report on the states cause of its failure was fraudulent management, excessive loans officers and directors, and depreciation of securities Although the undisputed leader Missouri affairs in 1866, and larger than any western bank, having an authorized capital of which was paid the policy of the bank was up, changed by new owners. The National Bank of the State Missouri, though considered by the public still was known banking circles and dealer speculative vestments. Among the projects anced by the bank were the North Missouri Railroad, Eods Tunnel Bridge, the Eods Jetties, the Exchange, numerreal estate transactions. The of 1873 met by the panic was National Bank of Missouri by reducing its capital and cutting down its circulation by retiring United States Bonds. Failure was avoided by this drastic method, but the bank had received blow from which never recovered. In April, 1877, after publication of which showed condition that was none too strong, the bank the Treasury partment. The Treasury examiner found that the bank held much dead paper and about 40 per cent of the bank's capital gone. The bank was not ordered closed, but another fuller investigation was planed. Cable, in his book, Bank of State of attributes the bad of the bank in part the apathy of the For three years before the Treasury investigation, meeting had been called, but aquor never appeared, there no election of officers. Dividends been paid regularly, and the stockholders did not take trouble to inquire into the status of the bank. ten day examination of the bank showed the bank was hopelessly insolvent. The board of directors June 19, after an all day session, admitted insolvency and asked for receivership. By 1879, Walter Johnston, ceiver, reported that 70 cent per viden approved claims had been The affairs the were finally closed on 16, 1887, ditors being paid 100 cent with per interest through Edgar Welles, who succeeded Johnston as receiver in 1885. INFANTILE PARALYSIS Jefferson City, August, and September are the of the year parents should constantly on the watch against the dread disease and when every precaution should taken to tect children from other people who may coming may be "carriers. The State Board of Health or the Missouri Society for crippeld children will with facts conthe disease, its treatment, and recovery. However, few facts that every parent should know. slight illness in your child should be watched with suspicespecially during an epidemic, and the family doctor should be callonce. positive diagnosis can obtained paralysis occurs, valescent of other serums can be ministered with excellent chance recovery without paralysis. Some those serums can obtained through the cooperation children's specialorthopedic surgeons, hospitals, laboratories in Kansas City and St. Louis. has already occur of its effetcs can overproper measures are undertaken once while the child still bed. Practically all disabling deformities can prevented plete both well muscles insured immediately proper handling, by braces or splints that rest, and carefully guided "passive and exercise. child cannot be taken to orthopedic (bone specialsoon the quarantine the Missouri Society for Crippled Children will cooperate with family doctor in furnishing list muscle training exercises upon Remember: Disabling deformity, even the majority of cases of fantile paralysis, thing. prevent prevent