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ments, both state and private, HOW BANKING IN SALINE but otherwise no inquiry was LOOKED IN 1907 (Continued from Page 1) its cashier and he was succeeded The fourth failure in the counby H. S. Mills, a veteran banker ty was that of A. K. Florida at of Central Missouri, who finally Arrow Rock in 1895, already referred to. removed to Kansas City and es. tablished a private banking busi- Mentions J. L. Woodbridge ness which was continued by the Saline is well provided with Western Exchange Bank. banking facilities, there being Hid Gold in Graveyard sixteen banks all incorporated un- The branch bank at Arrow Rock continued in business until the troublous war period, when its officers were notified by the parent bank to bring their coin to St. Louis, The local officers held a hasty caucus and decided to ignore the demand. Under cover of darkness the gold was borne far into the interior of the county and buried in Tasso Potter's graveyard near Orearville's present site. The directors afterward reconsidered their action and delivered the money to the paren' bank. After the liquidation of the branches of the old Bank of the State of Missouri, a new bank was started in Arrow Rock in 1867 with $50,000 capital under the name of the Bank of Missouri with W. B. Sappington president. H. S. Mills cashier, George A. Murrell, W. H. C. McMahan and others directors A New Arrow Rock Bank In the course of time the Bank of Missouri was removed by H. S. Mills from Arrow Rock to Kansas City, and in 1882 the private bank of Nelson & Baker was organized at Arrow Rock to take its place. Later this bank was sold to A. K. Florida, a speculator of St. Louis. The failure of this bank in 1895 was followed by the suicide of the owner. In 1858 W. S. Brown & Company conducted a private banking business in Miami and continued the same until broken up by the war, all claims being paid in full. Mr. Brown had previously endeavored to obtain for Miami the branch back before it was located at Arrow Rock, there being great rivalry between these two towns at that time. W. S. Brown is still living, residing in California, and is the father of George W. Brown, merchant of Marshall. Directly after the close of the war in 1865 the Brownsville Banking & Savings Association was organized and has enjoyed profitable existence ever since although the name of the town has been changed to Sweet Springs, the name of the bank correspondingly changed to the Bank of Sweet Springs. First Marshall Bank In the late 60s Eakin & Hamner established a private bank at Miami and was succeeded by the Miami Savings Bank. About this time Dunnica, Cordell & Montague opened a private bank in Marshall, being the first bank in town. The banking house of Gilliam & Doak was established shortly after. In February, 1874, the private bank of Wood & Huston was opened in Marshall and continues busineess on the same site. The business of Dunnica, Cordell & Montague was reorganized as the Saline County Bank in 1874 and was later absorbed by the Farmers' Savings Bank, which was removed from Waverly, Mo., to Marshall in 1879. Quit With Death of Partner The firm of Gilliam & Doak discontinued business with the death of the active partner, H. D. Doak, in 1878. There have been four bank failures in Saline County. In 1892 Cordell & Dunnica failed at Marshall. This was the first bank failure in the county. The bank paid out 48 per cent to creditors. Two years later the two banking institutions at Slater, the Citizens' Stock Bank and the Slater Savings Bank, suspended on the same day. The failures were most disastrous, creditors receiving but little on claims aggregating about three-fourths of a million dollars. These two failures were instrumental in bringing about the enactment of the bank inspection law in 1895. In 1878 the legislature had enacted a law providing for the publication of bank statemade by the state into their methods of conducting business. der the state law There are no private banks and only one national bank has ever been organized in the county, the First National Bank of Marshall, which was organized in 1882 and was later reorganized as the Bank of Saline. This bank was managed until recently by J. L. Woodbridge, a veteran banker of Saline County, having performed about thirty-five years of faithful service at Miami, Nelson and Marshall. He has recently sold his banking interests and removed to Colorado on account of his health. His many friends regret to see him drop out of the ranks. In the way of equipment the Marshall banks have kept abreast of the times. The Bank of Saline and the Bank of Marshall have remodeled their quarters and they are now comfortable and convenient. About four years ago the Farmers' Savings Bank erected a handsome 3-story building at a cost of about $40,000 and the Wood & Huston Bank has just completed its new building at about the same cost. It is a 1story structure and devoted entirely to the use of the bank, and follows the style of architecture that has been attractive to the banks in the larger cities during the last few years. The quarters, we think, are well arranged, convenient and complete, and we extend to all of you a hearty invitation to inspect them personally.