Bank of the State - St Louis, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1893*
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: 4679cce0

Response Measures

None

Description

Article (1894) reports that while Britton was president his bank went into the hands of a receiver and its affairs being wound up. No run or temporary suspension is described; the bank was placed in receivership and wound up. Date of receivership not given precisely; likely circa 1893 (context mentions a Jan 30, 1893 note).

Events (1)

1. January 1, 1893* Receivership

Newspaper Excerpt: his bank going into the hands of a receiver and its affairs being wound up.
Source: newspapers

Newspaper Articles (1)

1. March 15, 1894 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, March 15, 1894

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Article Text

# MORE BANKING FRAUDS. The Father of A. M. Britton Arrested for Collusion With His Son. ST LOUIS, March 13.--Jas. H. Britton, formerly mayor of this city, and one time president of the State Bank of Missouri, now a citizen of New York, was arrested here today by the United States marshal, charged with being an accesory to an embezzlement by his son, Alfred M. Britton, president of the First National bank of Vernon, Texas. The arrest is based on a transaction between father and son. The former gave the latter his note for $2,412.40. This the son cashed through his bank, the First National of Vernon, Texas. The charge made by the United States authorities is that the son knew the elder Bitten to be insolvent when the note was given, and in consequence embezzlement proceedings were brought with the result stated. The arvest of James H. Britton was made under an indictment for the crime with which he is charged, found by the grand jury at Dallas. Another indictment of the same nature was returned at the same time and placed against his son, Alfred M. Britton, president of the First National tank of Vernon, Tex. The son was arrested some days ago and is now out on bond awaiting his trial. The note in question was given Jan. 30, 1893 Mr. Britton while in St. Louis was engaged in various business enterprises and ultimalely became president of the Bank of the State of Missouri. While president of this bank he ran for the mayoralcy, his opponent being Henry Ouerstolz. Britton won, according to the face of the returns, and was inducted into office, but Overstolz tolz instituted a contest and ousted Britton. About this time Britton met with business reverses, his bank going into the hands of a receiver and its affairs being wound up. Shortly afterward he left the city.