10791. Mullanphy Savings Bank (St Louis, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
March 19, 1901
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
8fe79441

Response Measures

None

Description

Contemporary articles refer to the institution as the defunct Mullanphy Savings Bank and identify ex‑Gov. William J. Stone as its receiver. Coverage describes mismanagement, heavy overdrafts to friends, and resulting litigation against directors. No articles describe a depositor run prior to suspension; the bank was closed and placed in receivership.

Events (2)

1. March 19, 1901 Receivership
Newspaper Excerpt
suit brought by ex-Governor William J. Stone, receiver of the Mullanphy Savings bank, against the directors of the bank for alleged carelessness in the management of the bank, filed his report ... recommending that judgment for large amounts be rendered against the bank officials. The defendants ... of the defunct bank
Source
newspapers
2. March 19, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure due to alleged mismanagement and negligence by directors, allowing heavy overdrafts to friends; bank is described as defunct and has a receiver appointed.
Newspaper Excerpt
receiver of the Mullanphy Savings bank ... suit brought by ex-Governor William J. Stone, receiver of the Mullanphy Savings bank, against the directors of the bank for alleged carelessness in the management of the bank
Source
newspapers

Newspaper Articles (10)

Article from Albuquerque Daily Citizen, March 19, 1901

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Article Text

Bank's Negligence. St. Louis, March 19.- Former judge, James A. Seddon, WHO was appointed referee to hear testimony in the $250,000 damage suit brought by ex-Governor William J. Stone, receiver of the Mullanphy Savings bank, against the directors of the bank for alleged carelessness in the management of the bank, filed his report with Judge Douglass, and recommends that judgments for large amounts be rendered against the bank officials. General negligence is alleged in that they allowed heavy overdrafts to be made by friends.


Article from Santa Fe New Mexican, March 19, 1901

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Article Text

Recommends Judgement for Plaintiff. St. Louis, March 19.-Former Judge James A. Seddon, who was appointed referee to hear the testimony in the $250,000 damage suit brought by exGov. William J. Stone, receiver for the Mullanphy Savings Bank, against the directors of that bank for alleged carelessness in. the management of the bank, filed his report with Judge Douglass' court, recommending that judgment for large amounts be rendered against the bank officials. General negeligence is alleged in that they allowed heavy overdrafts to be made by friends.


Article from Evening Times-Republican, March 19, 1901

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Article Text

Judgement Against Bank Directors. St. Louis, March 19.-Former Judge Seddon. who was appointed referee to hear testimony in the $250,000 damage guit brought by ex-Governor William J. Stone, receiver of the Mullanphy Savings Bank, against the directors of the bank for alleged carelesness in the management of the bank, has filed his report in Judge Douglas' court, recommending that judgment for large amounts be rendered against the bank officials. General negligence ig alleged, in that the directors allowed heavy overdraft to be made by friends.


Article from Wheeling Register, March 20, 1901

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Article Text

JUDGMENTS RENDERED Against Bank Officials for Large Amounts on Account of Carelessness. ST. LOUIS, March 19.-Former Judge Seddon, who was appointed referee to hear testimony in the $250,000 damage suit brought by ex-Governor Wm. J. Stone, receiver of the Mullanphy Savings Bank against the directors of the bank for alleged carelessness in the management of the bank, has filed his report in Judge Douglas' court, recommending that judgment for large amounts be rendered against the bank officials. The defendants in the suit are John H. Rottman, president of the defunct bank, and Frederick S. Bolte, Conrad Kellersmann, Judge Brinkmeyer, J. H. Johanning, Charles Schumacher, Conrad Gersting, Jos. Marx and Henry Klages, directors.


Article from The Saint Paul Globe, March 20, 1901

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Article Text

BLAMES THE DIRECTORS. Referee Holds Them Responsible for St. Louis Savings Bank Failure. ST. LOUIS, Mo., March 19.-Former Judge Seddon, who was appointed referee to hear testimony in the $250,000 damage suit brought by ex-Gov. William J. Stone, receiver of the Mullanphy Savings bank against the directors of the bank for alleged carelessness in the management of the bank, has filed his report in Judge Douglas' court recommending that judgment for large amounts be rendered against the bank officials. The defendants in the suit are John H. Rottman, president of the defunct bank, and Frederick S. Bolte, Conrod Kelersmann, Judge Brinkmeyer, J. H, Johanning, Charles Schumacher, Conrad Gersting, Joseph Marx and Henry Klages, directors.


Article from The Sun, March 20, 1901

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Article Text

To Mulet Bank Officials. St. Louis, March 19.-Former Judge Seddon, who was appointed referee to hear the testimony in the $250,000 damage suit brought by ex-Governor William J. Stone, receiver of the Mullanphy Savings bank, against the directors of the bank for alleged carelessness in the management of the bank. has filed his report, recommending that judgment for large amounts be rendered against the bank officials.


Article from The Indianapolis Journal, March 20, 1901

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Article Text

# CONDENSED DOMESTIC NEWS. Senator Chilton's bill to prevent the marriage of idiotic, insane, or epileptic persons, failed to pass the Minnesota Senate yesterday. By a unanimous vote the Presbytery of Chicago has pledged itself to raise $100,000 during the next five years, to be used in the erection of new churches in Chicago and its suburbs. The funeral of former Attorney General of Illinois George Hunt, who died at his home in Riverside, Ill., took place at Springfield yesterday from the First Presbyterian Church. Dennis J. Sweeny, chief of Chicago's fire department, is critically ill. The veteran fire fighter is troubled with a complication of diseases, the principal of which is heart affliction. In the Police Court at Louisville, yesterday, the conspiracy charges against W. Greet Campbell, E. G. Bennett and Wilbur Beatty, Denver capitalists, were dismissed on the motion of the prosecution. Fifty agricultural students of the University of Tennessee are at Biltmore, N. C., contesting for $200 in prizes offered by Geo. W. Vanderbilt for the best records in judging the blooded horses, cattle, sheep, hogs and poultry on his farm. Major General Sir Stanley Clarke and Lady Clarke have arrived at San Francisco from the Orient, on a tour of the world. Sir Stanley Clarke was equerry to the Prince of Wales, and expects to hold the same position under King Edward. The British Columbian Legislature has passed a resolution asking the Dominion government to subsidize shipbuilding. The government has decided to appeal to the Privy Council against a judgment of the full court of British Columbia, which was to the effect that naturalized Japanese could vote. Fifty Chinese passengers on the steamer Belgian King, which has arrived at San Francisco, Cal., from Hong-Kong, have been refused landing by Collector of the Port Bowers, pending an investigation by the commissioners in charge of immigration. They are alleged to be students and merchants, but their credentials are questioned. John R. Ashe, president of the York cotton mills, at Yorkville, Ga., committed suicide yesterday by throwing himself into a well. It is believed the deed was committed under temporary aberration caused by failure to finance a debt of his mill, amounting to $30,000. Superintendent Grimes, of the mill, had, however, already perfected arrangements to get the desired money. The inquest over the victims of the Doremus laundry boiler explosion at Chicago, of March 11, was begun before Coroner Traeger yesterday. Considerable testimony was given tending to show that the boiler was known to be in an unsafe condition and had been reported to the proprietor of the laundry. Mrs. George Pihl, widow of Engineer Pihl, who was killed in the explosion, testified that her husband had frequently told her the boiler was leaky and unsafe. Frederic Harrison, president of the London Positivist committee, who is in New York, says: "What has most impressed me during my stay in America has been the wonderful philanthropy which causes your citizens to give out of their wealth an abundance to create and maintain libraries and institutions of learning. We in England, with our different social system, are less fortunate. Nobody thinks there of giving much-needed endowments to our colleges." Former Judge A. S. Seddon, who was appointed referee to hear testimony in the $250,000 damage suit brought by ex-Governor William J. Stone, receiver of the Mullanphy Savings Bank, St. Louis, against the directors of the bank for alleged carelessness in the management of the bank, has filed his report in Judge Douglas's court, at St. Louis, recommending that judgment be rendered against the bank officials. General negligence is charged, in that they allowed heavy overdrafts to be made. Professor S. W. Stratton, of the physics department of the University of Chicago, announces that, in view of the fact that he has been appointed director of the new Standardizing Bureau at Washington, he will resign his professorship. His resignation will take effect either in April or July. He will go to Europe, where he will study systems of weights and measures in France, Germany, England and Austria. The new bureau of which he is to be the head will cost $250,000. According to the present plans of Professor Stratton, he will have three kinds of work—commercial measures, manufacturing measures and educational measures. Emperor Francis Joseph of Austria has made Theodore Kundtz, of Cleveland, a knight of the Order of Franz Josef, one of the highest nonhereditary honors within the power of a European monarch to bestow. The decoration is believed to be the second conferred on a citizen of the United States, Dr. Gerster, of New York, having received a similar decoration in 1893 for his work in assisting destitute Hungarian immigrants. Mr. Kundtz's gift was conferred through the Austrian consul at Pittsburg and is bestowed, it is believed, because of Mr. Kundtz's extensive charity to the Hungarian people and institutions, both in Cleveland and in Austria.


Article from The Ely Miner, March 22, 1901

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Article Text

Judgment Against Bankers. St. Louis, March 20.-Former Judge James A. Seddon, who was appointed referee to hear testimony in the $250,000 damage suit brought by ex-Gov. William J. Stone, receiver of the Mullanphy savings bank, against the directors of the bank for alleged carelessness in the management of the bank, has filed his report in Judge Douglas' court, recommending that judgment for large amounts be rendered against the bank officials.


Article from The Topeka State Journal, December 9, 1901

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BANK DIRECTORS LOSE In the Suit Growing Out of the Mullanphy Failure. St. Louis, Dec. 9.-In the St. Louis circuit court today Judge Douglass handed down a decision against the directors of the defunct Mullanphy Savings bank in the suit filed against them for damages by the bank's receiver, exGovernor William J. Stone. Judge Douglass ordered judgments entered against the following directors: J.H. Rothmann, $57,665; Henry Klages, $56,665; Joseph Marks, $57,665; J. H. Johanning, $5,398; Gasper Gestring, $5,566; Conrad Kellersmann, $3,566 and Chas. Schumacher, $3,566. The suit charged the defunct directors with neglect of duty and mismanagement.


Article from The Montgomery Advertiser, December 10, 1901

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Article Text

Verdict Against Directors. St. Louis, Dec. 9.-In the St. Louis Circuit Court today Judge Douglas handed down a decision against the directors of the defunct Mullanphy davings Bank in the suit filed against them for damages by the bank's receiver, ex-Governor William J. Stone. Judge Douglass ordered judgment entered against the directors for $189,129. The suit charged the defendant directors with mismanagement.