10707. Bank of the State (St Louis, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 19, 1877
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
2fa635c1

Response Measures

None

Description

Articles describe the Bank of the State of Missouri suspending (admitted insolvency in June 1877) and later being defunct, put in receivership, dividends paid to creditors, and final closing of affairs June 16, 1887. No article explicitly describes a depositor run; cause is bank-specific insolvency (bad loans, dead paper). Also several later legal actions (1879 suit) and receiver activity are reported.

Events (4)

1. June 19, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Committee and Treasury examination found bank hopelessly insolvent, large amount of 'dead paper' and loss of about 40% of capital; board admitted insolvency and suspended operations on June 19, 1877.
Newspaper Excerpt
The board of directors met June 19, 1877 ... admited Insolvency and ... when the State Bank suspended.
Source
newspapers
2. October 4, 1878 Other
Newspaper Excerpt
The original loan ... leaving a balance of $400,000 due when the State bank suspended. The sum, it is said, will nearly cover the assets of the State bank and leave depositors out in the cold.
Source
newspapers
3. January 4, 1879 Other
Newspaper Excerpt
Leverett Bell ... entered suit ... against James H. Butler, president of the defunct bank of the State of Missouri ... to recover the balance of the city's funds deposited in that bank.
Source
newspapers
4. June 16, 1887 Receivership
Newspaper Excerpt
The affairs of the bank were finally closed on June 16, 1887. creditors being paid 100% with interest through ... Welles, who succeeded Johnston as receiver in 1885.
Source
newspapers

Newspaper Articles (7)

Article from Daily Globe, October 5, 1878

Click image to open full size in new tab

Article Text

# Decision Wiping Out the Assets of the Failed Bank of Missouri. ST. LOUIS, Oct. 4. -The suit of the Bank of Commerce, of New York, against the Bank of the State of Missouri, to recover $400,000, which has been before the United States circuit court several days, was decided this afternoon by Judge Dillon instructing the jury to find for the plaintiff in the sum of $445,582. The defense set up fraud in the transaction; also, that the original loan was made in violation of the national bank law which the court decided was not established, and instructed the jury as above. The original loan of the Bank of Commerce was $1,000,000, $600,000 of which was returned, leaving a balance of $400,000 due when the State bank suspended. The sum, it is said, will nearly cover the assets of the State bank and leave depositors out in the cold.


Article from Union County Courier, October 16, 1878

Click image to open full size in new tab

Article Text

ELK POINT, UNION COUNTY, D. T., WEDNESDAY, OCTOBER 16, 1878. THE grand jury at New York has made a THEODORE THOMAS and family mediately, to enable me to YELLOW JOHN. house which have for these Cincinnati, O., on the and presentment declaring the elevated railway nuisance, and an invasion of rivate years inhabited, in the same pl make that city their permanent home. rights. condition in which I found it, Continuation of the Report of the THE United States steamship Plymouth THE WEST. rats, for which will gladly Dread Disease. sailed from Portland on the 4th inst., for sum of five pounds sterling; Santa Cruz, having been ordered to protect A COMPANY was formed at Yuma, Cal., cannot leave the farm attached American citizens there. on the 8th inst., to construct the Southern MEMPHIS. in the same order in which I THE great boat race, between the Cana Pacific railroad. Work will be commenced out least five millions of dock MEMPHIS, October threatened dian, Hanlan, and Courtney, the American immediately. hereby promise the same sum early this morning, but cleared oarsman, took place at Lachine, Canada, on THE Indians set fire to the prairie and number of dockens. N. off bright and warm. Dr. Mitchell, the 3d inst. Hanlan won, coming in burned over large tract of country in the must be full grown and no crip medical director of the Howards to-day length and quarter ahead. Time of race, vicinity of Hat Creek, W. received the following telegram from 36 min., 22 sec. There is a strong belief Gov. HOWARD, of Dakota, has offered Germantown, Tenn. 'Send a doctor to Mother's Vacant Chair prevalent that Courtney bartered the race, $1,000 reward for the arrest of the parties us once. Dr. Thompson is prostrated. and much indignation is felt by his friends. little farther in your who robbed the Cheyenne coach recently Ten cases have developed in the past 10,000 people witnessed the exhibition. says DeWitt Talmage, and SEVENTEEN settlers are known to have twenty-four hours, and no physician to NEARLY complete returns from twenty. mother's chair. It is very ap help u been killed by the Indians in the vicinity one counties in Colorado give the Republirocking chair. She of Sappa, Kansas, Reports received miliFrom noon yesterday until noon to can state and congressional ticket 2,100 and troubles to soothe that it day the undertakers report 89 intertary headquarters, say that both Spotted majority over the democrats. The remainrockers. I remember it Tail and Red Cloud (Sioux) haveleft their ments; 27 of these were reported this ing counties will probably increase the old chair, and the rockers morning. Among those who have died reservations in Dakota and are making worn out; for I was the your majority to 2,500. Judge Belford, (Republisince last night are John A. Holt, west, directly toward the Black Hills. The the chair had rocked the whold can) for congress, has carried every county cashier of the Bank of Commerce; S. supposition is that they are about join the except two of those thus far reported. It made a creaking noise member active M. of the an Jobe, fugitive Cheyennes in descent upon the but there music in the CYRILLE DION the celebrated billiard Howard Association: Mrs. J. M. Tomeny Hills. Much solicitude is felt for the safety was just high enough allow player, died of congestion of the lungs, on Wm. Kraus, druggist in charge of cities there, which are protected by only to put our heads in her the inst., en route for the Courtney-Ha Fahlen & Kleinschmidt's drug house; four compantes of soldiers at Newport. The the bank where we deposited lon race, at Lachine, Canada Mrs. Lucy E. Adams: Mrs. Shaw seventh cavalry are under orders to march. hurts and worries. Oh, what Mrs. C. W. Howard Jno. E. Miller. IN foar-oared shell race St. Louis, on that was! It was entirely differ nurse from Texas; Mrs. A. W. Nelson THE MARKETS. the 5th inst., between the Modocs, of St. the father's chair entirely A. Strattman Thos. Kafford, and Mrs. Louis, the Westerns and Mississippi crews, May you ask me how? I can T. J. Washington M. W. Luff, book New York. the first named won. but we all felt it was different Cotkeeper of the Daily Avalanche, and John NEW YORK, October THE suit of the Bank of Commerce, of there was about this chair more at 10% c for middling uplands. W. Waynesburg, secretary of the Ma. New York, against the Bank of the State of ness, more tenderness, more gri 14,000 receipts buyers sonic relief board, were taken down Missouri, to recover $400,000 which has 13,000 bbls we had done wrong. When Wheat this morning. winter and quiet been before the United States Circuit Court wayward father scolded, but unchanged -Spring Four of the family of Esquire J. M. 290,000 sales bus; shade receipts firmer; Louis, was decided on the cried. It was very wakeful cl Colman are sick with the fever at 2 October seller 951/c none; the sick days of children, othe Judge Dillon, instructing the jury to find Raleigh, Tenn. asked. bid; could not keep awake; that chai for the plaintiff in the sum of $445,582. at 55@58c. quoted MEMPHIS, October 4 The weather is kept awake kept awake easily original loan of the Bank of bus: 150,000 sales 256,000 receipts turning warm again and there is no dechair knew all the old lullabies mixed. bus; Barley 47@48c million dollars, $600,000 of which crease in the number of new cases Oats 151,000 receipts those worldless songs which -Quiet. returned, leaving R balance of $400,000 mixed for 36,000 reported. From noon yesterday until sing to their sick childrendue when the State Bank suspended. This Pork noon -day 35 deaths occurred 21 of which all pity and compassion sum, it said, will nearly cover the assets at About steady these were reported this morning. pathetic influence are combined of the State Bank, and leave depositors Petroleum-Unchanged. Among those who have died since last old chair has stopped rocking the cold. evening are Sister Francis, matron in many years. It may be Chicago. EXTENSIVE prairie fires in Dakota have charge of the Home Orphan Asylum loft or the garret, but it holds CHICAGO, October Wheat burned thousands of tons of hay along the Robert Kendall; Mrs. J H. Kerr power yet. When midnight Steady prices higher 831/4 asked T. T. Pritchett Willie son and Red river valley and left the country desointo that shop to get the into for for seller November; 84% seller late. Geo. M. Woods J. R. Henricle. asked for cember. draught did you not hear for COURIER arriving at Ogalalla, Neb., Mrs. Kerr and family were refugees Novem34 3/c seller October said, My son, why go in there Oats 3d, reported that the Indians were comber; 34 1/4e for seller December. from the city, but returned last Sunday when you went into the house Shade higher; 18% for seller October mitting horrible depredations along the ReAs warning to others the following voice saying, What would your seller November 201/c publication made It having come publican river. They had killed every do she knew you were here? December. for white man on their route and carried off all to our knowledge that some parties who were provoked at yourself, November. seller $1.05 Barley stock the had fled the city at the outbreak of the seller November. Pork charged yourself with superstit epidemic have returned. contracted the November seller asked BAND of runaway Indians crossed the fanaticism, and you went to bed seller for for January asked $7.82 1/1 fever and died, it is the duty, by resolusooner had you touched the bed Kansas Pacific track on the 1st instant, 60 December. tion, of the Howard Association to warn voice said, What prayerle miles east of Hayes City, and when eight $6.25 for November; seller all that owing to the fact that Man! what is the matter? ten miles north of station, upon December. Hogs we have all we can do to nurse and care of cattle-men when are too near your mother's -Receipts 11,000 head moderately for those who are here, if they come chair! 'O pehaw you light higher; shade fight ensued, resulting in the loss of eightfirmer; back to the city before the epidemic has five and killed wounded, nothing in that! I'm 5,000 mixed paeking citizens been officially declared over, they will $3.50@3.75. shipping from where I I'm 3. dated Leavenworth from the dispatch do their own risk, and with almost 3,000 head. off from the Scotch kirk whose instant, says the troops had a fight with the a certainty of having to provide for the first music 1 ever heard. Indians, but does not name the place, Lieut. Milwaukee. Our of case in sickness. themselves help that. You are too near yo Broderick, of the infantry -3:00 October present obligations are many and er's rocking chair. 0, you wounded, and Corporal Steward and choice good ring as weighty as we can carry, and can't be nything in that. five soldiers were killed. The bodies of choice cannot, without breaking down, assume otent, that mother's vacant Wheatmedium to thirteen settlers he killed by the savit any more. Refugees must not return. speaks; whispers; hard $1.04; Stronger ages, were brought to Buffalo station. The fate of those who have should be mourns; it carols: November October and at CRIMES AND CASUALTIES. warning Signed by A. D. Langyears it thunders. rejected and broke staff. president of the Howard Associoff went A SERIOUS accident occurred near Boston tion. heart, and while he was on the evening of the 8th instant, on the old Howard Association physicians have home his mother died, and the for 43@431/c Nominal Colony railroad, to a crowded excursion been sent to Lagrange, Tenn., and Oak brought the son, and he came sales train, which was returning from Silver Lake land, Miss. The volunteer medical 40c room where she lay and looked rowing match between Regan of Boston, aud corps of Howard physicians organized face, and cried out, Oh, moth common at 5@85c. Eggs Davis, of Portland. A train of twenty cars last night under the name of Howard -15@16c. er, what your life could not were thrown off the track by collision with Medical Society, of Memphis,' and death shall effect. This mome Foreign freight which obstructed the main elected the following officers: my heart to God. And he October LONDON, track. The killed number about twenty Dowell, Galveston promise. Another victory for pool market opens quiet; five, with a large lot ot wounded; among the Texas. cant chair. With reference cline of 1d. Floating cargoes slow. On First Vice President- M. J. Keating. killed is Patrick Regan, one of the oarsmen. mother, the words of my text passage very inactive. Second Vice Youge, filled: Thou shalt be missed Between three and four hundred persons Savannah. were on the train. New York Hop Market. Recording Secretary-A G. Wendell, thy seat shall be empty. THE Sacramento, Cal., county hospita Emmet Wells' circular of October 4th Minneapolis, Minn. burned on the night of the 5th inst. Loss A Strange Burial. Corresponding Secretary- Miles Willett, says: With more liberal receipts and $100,000. The inmates saved without Memphis. better to choose from, xporters The obituary of the Gentleman have been able to pick up some 400 bales accident to any. Insurance $60,000. zine for 1733 contains an The object of the organization will be these choice have they paid hope, FIENDS entered the residence of for the discussion of the introduction of funeral of Mr. John Under price. market higuest Norwegian farmer, named Oslock Lee, at also yellow fever in Memphis, the cause of more demand bought Whittleses, in Cambridgeshire making Springdale, Wis., on the 4th inst. and after the take all the burial service whole, nearly the malignity, how and by what means the robbing it of money and valuables, beat the stock no Business, floating turned over the coffin, in has spread through the country, quarandoubt, could be largely with more old man horribly and shot him twice. He tines, local and maritime, disinfectants, placed a small piece of without and arrivals, liberal forcing lies precarious condition. with this inscription treatment. effects of diet, instructions to here orders from abroad steeple chase at Montreal, Canada, nurses and recommendations to boards of moriar. 1733." The six gentle hops. Receipts for the week, en the 5th inst., Dr. Murcott, of Ottawa, was health. followed him to the grave bales; export clearances for week, thrown from his horse and killed, Mr. Pen NEW ORLEANS. Quotations stanza of the second book of Yorks, bales. crop, choice fancy, 13@15c New Yorks, good No bell was tolled: none but neston had an arm broken and Mr. McLaughNEW ORLEANS, October Deaths, New Yorks, low fair, lin wrist fractured gentlemen invited to the funera 41; cases reported, 115; total deaths, @10c; eastern, 10@12c 10@12c Xaviers church, New York, on the 6th relation) followed the corpse. 3,212; total cases, 10,600. yearlings, 5@8c; old, all growths, 2@4c. was painted green, and the dec inst., a man named Carpenter plunged a NEW ORLEANS, October -Deaths with his all in clothes on. The English Grain Trade. large knife into the body of Mary Logan. 52: cases reported, 85; total deaths, his head was placed Sanadon's Carpenter intended to murder his divorced LIVERPOOL, October 7.-A leading grain 3,112; cases, 10,303. The weather at feet, Bentley's Milton circular says The British grain markets wife, but mistook Miss Logan for her, and clear and warm. York A. Woodward, quiet, but there has been no further hand was placed small inflicted the serious wound stated. commander of the Grand Army of the cline. Transactions wheat are restricted. ment; in his left hand THE Passaic, rolling mills were con. Cargoes off coast maintain quotaRepublic, is one of the signers of an tion of Horace, lettered sumed by fire on the 5th inst., causing loss tions. There some demand still for the appeal made by the Orleans Central J. and Bentley's Horace of $50,000. Three firemen were severely continent. One or two cargoes have been Relief Committee, for means to enable back. After the ceremony directed there In injured. Four hundred and fifty men them to continue issuing rations to the went back to his house, where and the neighboring since Tuesday thrown out of employment. destitute. there has been fair demand for had provided a cold supper. AT Chicago, on the night of the 4th inst., NEW ORLEANS, October 4.-Deaths, rates, but white tended downward. cloth was taken away the Officer Race, of the police force, man In the have sactions maize been 54; new cases, 203; total cases, 10,218; sang the thirty ode of the on State wagon, and having total deaths 3,060. ate. the tendency being in favor of buyers. of Horace, drank cheerful market thinly attended, and suspicions that something was wrong, A special dispatch from Crystal went home about the business done decline of 1d tenpted to investigate the matter, when the Springs reports the death of Gen. L. W. Mr. Underwood left nearly £6, new American. Old man drew pistol and shot him dead. Griffith, A., and his daughter at Flour currencies. sister, on condition of her obser previous supported was afterwards discovered that the man Cayuga, Hinds county, Miss., of the quiet and unaltered. in moderwill, ordering her to give one of gang who had just burglarized the prevailing epidemic. The fever is spread ate request at 3d decline. gentlemen 10 guineas. ing there. dry goods store of Jeffray. desired they would not come Wool. W. Dennett, telegraph operator at AN incendiary ot Pensacola, Fla., on the clothes. The will ended BOSTON, October Wool quiet; fair Vicksburg, and L. M. Pennington, teledone I would have them drink night of the 3d, burned the block extending business Ohio and Pennsylvania fleeces graph train dispatcher at Water Valley, from Carr Jolly's saloon to Kahn's cloth glass and think no more of Joh 35@37c; Michigan 32c Delaine and comb died this morning of yellow fever. The Year Round. ing store. Loss $50,000; insurance $25,000. ing fleeces at 39@44c; mainly at 30@40c. telegraphers aid committee at this city, THE Gregory House, Lake Mahepac, N. by request of Superintendent John as totally burned on the 3d inst.; loss A Broken Heart. Woman on the Phonogr VanHorne, of New York, will assist $100,000; insurance, $92,000. it man is said to be red or white A Nob Hill man retired all sick telegraphers outside of AT Foremam Station, Mich., on the 3d rage. In using these expressions, Memphis. This became necessary evening, weary with the heat inst. a boiler exploded, killing ly out from a protracted are physiologies speaking of the owing to the illness of the remaining James Foreman and wounding four other on nervous condition of the minute circuand vainly endeavored to member of the committee. Applications persona seriously. The building was totally d lation of the man's blood. Red god, sustained and soothed should be made to R. Chase, chair destroyed. means partial paralysis of minute blood terrupted flow of small man, or A. D. Babbitt, secretary. ReA LARGE gang of counterfeiters have rk vessels; and white rage means temwakeful spouse. Her ports at the board of health show that been arreated in the mountains of Ken 00 porary suspension of the action of the the fever is increasing in the not exactly in the line tucky prime mover of the circulation itself. ture, as she was not lower pertion of the third disA FIRE at Palestine, Texas, on the 2d But such disturbances cannot often be mood, but was rather trict, near the United States barracks inst., destroyed six business blocks and produced without the occurrence tion on the world's work. 88, slaughter house, and along the line of caused of about $60,000. permanent organic evils of the vital orquestion to her nodding lord St. Bernard parish. The fever has penhigh state fair at Indianapolis erence to Edison and his inven gans, especially of the heart and of the etrated every portion of the second dis wind carried balloon against a tree, pretrict from the river to the woods. In How about the phonograp brain. One striking example is given cipitating the Gilbertshe queried; you never addition to the yellow fever extreme by Dr. Richardson, in the case of mem the earth, distance of eighty feet. He it me. How does genber of his own profession. This od type of malarial fever prevails in Parish badly bruised and cut up. He roused himself and tleman told that an original irritabil St. Martin. A severe type of this fever F.S. MILLER, convicted of grave robbery "It's little machine ity of temper permitted, by want of prevails among children at Cleveland, was fined $100 and costs of band leaves on the table due control, to pass into a disposition of BATON ROUGE prosecution, and sentenced to four months almost persist nt or chronic anger, so town, and his return d BATON ROUGE, October -Deaths in the work house. crank, and informs him of that every trifle in his way was cause during the past 24 hours; 8 over that has been said on the of of unwarrantable irritation. Sometimes GENERAL cases daily for the last four days. The ing absence. his anger was so vehement that about val city is now a hospital. Almost every IN the Louisiana state lottery drawing him were alarmed for him even more me She meditated a moment, some sick. We now New Orleans on the 8th inst, 81290 drew out: than for themselves; and when the at nd in the midst of trouble. Those who fool men are always tack was ever there were hours of sorrow ad $30,000, No. 68724 drew $10,000, No. 71693 are well are worn out through drew $5,000 Nos. 16638 and 6999 drew $2,500 and regret in private which some peaky invention, and to want of rest and sleep. As yet each. hausting as the previous In the one of those things in this weather promises no relief The for leave.' midst of one of these outbreaks of short, PREPARATIONS are making for the assistance comes on every side. Judge of in the he suddenly felt. to use not to do


Article from The Superior Times, October 19, 1878

Click image to open full size in new tab

Article Text

Ten persons were killed outright and twenty wounded-some fatally it is thought. A CARRIAGE was struck by a railway train at a crossing in New York city. Of the occupants, Mary Redwood, Mrs. Stephen Callahan and Patrick McNamee were killed and three children of Mrs. Callahan seriously injured. ### THE WEST. THE suit of the Bank of Commerce, of New York, against the Bank of the State of Missouri, to recover $400,000 which has been before the United States Circuit Court at St. Louis, was decided on the 4th inst., by Judge Dillon, instructing the jury to find for the plaintiff in the sum of $445,582. The original loan of the Bank of Commerce was one million dollars, $600,000 of which was returned, leaving a balance of $400,000 due when the State Bank suspended. This sum, it is said, will nearly cover the assets of the State Bank, and leave depositors out in the cold. EXTENSIVE prairie fires in Dakota have burned thousands of tons of hay along the Red river valley and left the country desolate. A COURIER arriving at Ogalalla, Neb., on the 3d, reported that the Indians were committing horrible depredations along the Republican river. They had killed every white man on their route and carried oft all the stock. A BAND of runaway Indians crossed the Kansas Pacific track on the 1st instant, 60 miles east of Hayes City, and when eight or ten miles north of the station, came upon a lot of cattle-men when a hand-to-hand fight ensued, resulting in the loss of eighteen citizens killed and five wounded. A dispatch from Leavenworth dated the 2d instant, says the troops had a fight with the Indians, but does not name the place, Lieut. Broderick, of the Twenty-third infantry, was wounded, and Corporal Steward and five soldiers were killed. The bodies of thirteen settlers who were killed by the savages, were brought to Buffalo station. A PORTLAND, Oregon, dispatch says: Forest fires in Tillamook section have done a great amount of damage. The fire has swept over a large section of country, destroying houses, crops, fences and bridges. Recent heavy rains have extinguished the fires. Two of the Mexicans who were recognized as the murders of ex-Sheriff Williams and ex-Clerk Finley, of Santa Clara county, near Tucson, Arizona, were captured in Sonora, and shot by order of Governor Marescal. Two Ohio ministers-Revs. F. A. Spenc and J. K. Davis-have been dismissed from the ministry for irregular conduct. ### THE EAST JEWISH circles in New York are highly excited over the marriage of the daughter of rabbi emeretus, of Temple Emanu-El, which occurred on the 3d iust., within the period of the ten penitential days. The rabbi himself performed the ceremony. Rabbi Gottheil and the officers of the temple refused to give countenance to the action by attending. A STOW-AWAY was found in the hold of the steamer City of Chester on her arrival at New York on the 4th inst. His name was James Donnelly, a Scotchman, and during the voyage of eleven days had had nothing to eat or drink, being reduced to dire strait of drinking his own urvine. THE trustees of the Peabody educational fund completed their labors at New York on the 3d inst. At the request of General Taylor there were spread on the minutes the acknowledgement of gratitude from the people of the south for the succor extended by the people of the north in this hour of affliction. THE schooner yatch Okoresta, of Cleveland, 32 feet long, arrived in the Hudson river on the 3d inst., after a voyage of twelve months. She reached the ocean via the Ohio and Mississippi rivers, through the gulf of Mexico and will go home by the Erie canal. THE Vermont legislature assembled on the 2d inst. James M. Martin was elected speaker and Henry N. Aewell, clerk. THE grand jury at New York has made a presentment declaring the elevated railway line a nuisance, and an invasion of private rights. LAW officers of the government have taken steps to eject parties from possession of about one thousand acres of land in the Pennsylvania oil region. This land was taken in part payment of a debt due the United States by the Venango county bank of about $60,000. AT a meeting of operators of the Lehigh, Pa., coal region on the 30th for the purpose of establishing prices for October, it was agreed to advance 10 cents on the line and 15 cents on city trade. THE Dime savings bank, of Hartford, Conn., was enjoined from further prosecution of business on the 30th ult. A COMMITTEE of the New York bar association is investigating charges of extortion against the sheriff and county clerk. The weight of evidence is said to be great. ### GENERAL. THE United States steamship Plymouth sailed from Portland on the 4th inst., for Santa Cruz, having been ordered to protect American citizens there. THE great boat race, between the Canadian, Hanlan, and Courtney, the American oarsman, took place at Lachine, Canada, on the 3d inst. Hanlan won, coming in a length and a quarter ahead. Time of race, 36 min., 22 sec. There is a strong belief prevalent that Courtney bartered the race, and much indignation is felt by his friends. Fully 10,000 people witnessed the exhibition. NEARLY complete returns from twenty-one counties in Colorado give the Republican state and congressional ticket 2,100 majority over the democrats. The remain-


Article from The Rock Island Argus, January 4, 1879

Click image to open full size in new tab

Article Text

An Important Suit -Two Marderers Sentenced. Sr. LOUIS, Jan. 4.-Leverett Bell, city counsellor, entered suit in the circuit court, this morning against James H. Butten, President of the defunct bank of the State of Missouri, and bis bondsman. Bartop Bales. James B. Eads, John Jackson and Julius Swalsh, to recover the balance of the city's funds, deposited in that bank. The sum in the bank at the time of its suspension was about $270,000. But the dividends since paid have reduced the amount to about $175,000, for which sum judgement is asked. Edward Nugent, convicted in the criminal court some days ago of murder in the first degree, for killing his wife two years ago, was sentenced this morning to be hanged on the February 14th, the same day Henry J. Redmeyer is to be executed. The court, however, granted a supersedeas in both cases, and they will be taken to the supreme court.


Article from Daily Globe, January 6, 1879

Click image to open full size in new tab

Article Text

# Suit for Recovery of City Funds. ST. LOUIS, Jan. 4. -Leverett Bell, city counsellor, entered a suit in the circuit court this morning against James H. Butler, president of the defunct bank of the State of Missouri, and his bondsmen, Barton Bates, James B. Eads, John Jackson, and Julius S. Walsh, to recover the balance of city funds deposited in that bank. The sum in bank at the time of its suspension was about $270,000, but dividends since paid have reduced the sum to about $175,000, for which sum judgment is asked.


Article from Daily Globe, January 6, 1879

Click image to open full size in new tab

Article Text

# Suit for Recovery of City Funds. St. Louis, Jan. 4. - Leverett Bell, city counsellor, entered a suit in the circuit court this morning against James H. Butler, president of the defunct bank of the State of Missouri, and his bondsmen, Barton Bates, James B. Eads, John Jackson, and Julius S. Walsh, to recover the balance of city funds deposited in that bank. The sum in bank at the time of its suspension was about $270,000, but dividends since paid have reduced the sum to about $175,000, for which sum judgment is asked.


Article from Dade County Advocate, June 25, 1931

Click image to open full size in new tab

Article Text

Notice Of Grant Of Letters Estate of Wm. A. Price, deceased. Notice is hereby given, that letters Administration on the Estate of Wm. A Price, deceased, were granted to the undersigned, on the 1st day of June 1931, by the Probate Court of Dade County, Missouri. All persons having claims said Estate are requirednel Court within six months after theions. from benefit be precluded any such estate: and if such claims be not exhibited and presented as aforesaid within one year from date of this publication, they shall be forever barred. ROY PRICE, Administrator. I hereby certify that the above and foregoing is true and correct, as shown by the records in my office. Witness my hand and seal. Horace Howard Probate Judge. (Seal) This 1st day of June 1931. 1st insertion June 4.th, 1931. which $3,410,000 was paid up, the policy of the bank was changed by its new owners. The National Bank of the State of Missouri, though considered by the public as still conservative was known to banking circles as a "plunger," and a lealer in speculative investments Among the projects financed by the bank were included the North Missouri Railroad, the Eads Tunand Bridge, the Eads jetties, of the 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 a blow from which it never recovered. In April, 1877, after publication of a statement which showed a condition that was none too strong, the bank was investigated by the Treasury Department. The Treasury examiner found that the bank held much dead paper and about 40 per cent of the bank's capital was gone. The bank was not ordered closed, but another and fuller investigation was planued. Cable, in his book "The Bank of the State of Missouri, attributes the bad condition of the bank in part to the apathy of the stock holders For threeyears before the Tresury investigation meetings had been called but as a quarm never appeared, there was no election of officers. Dividends had been paid regularly, and the stockholders did not take trouble to inquire into the status of the bank. A ten-day examination of the bank by a committee showed the bank was hopelessly finsolvent. The board of directors met June 19. 1877. and after an all day ses. sion admited Insolvency and askThere was little immediate effeet in St. Louis following the closing of the bank. The failure was a surprise to the people, but not unexpected to the bankers. However, within 16 months four teen banks in St. Louis had closed and a total of twenty-five banks in the whole state were closed during the same period By 1879: Walter S. Johnston, receiver creported that 70% div. idends on aproved claims had been paid. The affairs of the bank were finally closed on June 16. 1887. creditors being paid 100% with interest through Fd. gar T. Welles, who succeeded Johnston as receiver in 1885