Sturgeon Exchange Bank - Sturgeon, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1897*
Location: Sturgeon, Missouri (39.234, -92.281)

Metadata

Model: gpt-5-mini
Short Digest: a1b14f3f

Response Measures

None

Description

Article (The Copper Country Evening News, 1897-07-06) states the Sturgeon Exchange Bank failed. No run is mentioned. The failure appears tied to alleged malfeasance by the cashier (W. H. Winscott), who was later cleared of robbing the bank. The text does not explicitly mention a receivership or reopening, so classified as suspension_closure (suspension leading to permanent closure).

Events (1)

1. July 1, 1897* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure tied to alleged robbery/embezzlement by cashier W. H. Winscott (he was later cleared).
Newspaper Excerpt: At Columbia, Mo., W. H. Winscott, cashier of the Sturgeon Exchange bank, which failed, was cleared of the charge of robbing the bank of $3,500.
Source: newspapers

Newspaper Articles (1)

1. July 6, 1897 The Copper Country Evening News Calumet, MI

Article from The Copper Country Evening News, July 6, 1897

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Article Text

# THE NEWS IN BRIEF. Cary E. Stewart of Brimfield, Ind., was kicked by a horse and fatally hurt. The 7-year-old son of Amil Helbig of Greenfield, Ind., died from hydrophobia after suffering twenty-four hours of violent convulsions. The child would bark and snap like a dog when in spasms. He was bitten by a mad dog thirty days ago and was taken to a Pasteur institute four days after receiving the wounds. Emperor Menelik of Abyssinia will soon be able to communicate with the outside world by telegraph. A line is being laid from Harrar to his capital. P. G. Cowles of Sidney died in a hotel at Red Oak, Ia., from Apoplexy. He was a well-to-do merchant and Democratic politician of prominence. Miss Ethel Rebecca Benjamin, LL. D., aged 25, of Dunedin, New Zealand, having passed the bar examination, is the first woman admitted to practice as a barrister and solicitor in Australian courts. Frank Mason and George Wright, alleged burglars, escaped from the Gratiot county, Mich., jail at Ithaca by digging through a brick wall. One of the largest salt works in Oklahoma is owned and operated by two young women, who expect to pay their way through college from the profits of their business. By the breaking of a scaffold at the high school building at Springfield, Ills., Christopher Smith, a slate roofer, fell twenty feet and received fatal injuries. Mrs. William Hathaway of Ligonier, Ind., was fatally burned by her clothing becoming ignited while working over a stove. Mortimer Druley of Richmond, Ind., was overcome by the heat and died. At Columbia, Mo., W. H. Winscott, cashier of the Sturgeon Exchange bank, which failed, was cleared of the charge of robbing the bank of $3,500. Receiver May of the Ingham County (Mich.) Savings bank has been empowered by court to levy an assessment upon the stockholders of the bank for the benefit of depositors. Since the Raines law went into operation in New York, thirteen months ago, there has been a reduction of the number of saloons in the state of 7,437. The council of Mt. Carmel, Ills., by a vote of 4 to 3, refused to grant saloon licenses and the town is as "dry" as dust. The liquor element is in dismay.