3212. Chariton National Bank (Chariton, IA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6014
Charter Number: 6014
Start Date: December 1, 1907*
Location: Chariton, Iowa (41.014, -93.307)

Metadata

Model: gpt-5-mini
Short Digest: cf2a67d7

Response Measures

None

Description

The Chariton National Bank failed (insolvent) following the suicide and embezzlement by cashier R. R. (Frank) Crocker. Articles across 1907–1910 reference the bank as 'failed' or 'defunct', appointment of receivers, litigation by claimants, sale of assets, and dividend distributions — indicating a permanent closure and receivership rather than a temporary suspension or reopening.

Events (3)

1. November 9, 1901 Chartered

Source: historical_nic

2. December 1, 1907* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank became insolvent after discovery of large losses tied to cashier R. R. (Frank) Crocker and his subsequent suicide; insolvency and default by cashier precipitated closure/suspension.
Newspaper Excerpt: Mallorys Can't Reopen Chariton Bank.
Source: newspapers

3. July 15, 1908 Receivership

Newspaper Excerpt: Start Action to Recover $420,000, Funds Held by Frank Crocker, Chariton Suicide - Liens Asked on Funds ... The Modern Woodmen today started suit to recover $420,000 from the receiver of the failed Chariton bank. The defaulting cashier, Crocker, was treasurer of the Woodmen. (Also multiple notices in 1910 about 'resigned the receivership' and 'defunct Chariton bank'. ) J. H. Jamison was receiver; later G. C. Rankin appointed (1910). See: Jamison Has Resigned and Defunct Chariton Bank reports declaring dividends.)
Source: newspapers

Newspaper Articles (11)

1. December 5, 1907 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, December 5, 1907

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PAGE ONE Telegraphic News: Kansas City's Biggest Bank Fails. Has Deposits of $24,000,000. Affects Smaller Institutions. Storm Hits Atlantic Coast. Anxiety for Torpedo Flotilla. Van Winkle Murder May Clear Up Similar Crime. Jones Still at Large. No Compromise for Second Place. C. & N. W. to Install Gasoline Interurban Service. Implement Dealers Oppose Parcels Post. Japan to Limit Immigration. Important Conference in Washington. Kansas City in Convention Lead. PAGES TWO AND THREE. Iowa News: Cummins Disputes Dolliver. War on Major Parker. Mallorys Can't Reopen Chariton Bank. Fruit Growers in Tilt. Teacher Wields Rawhide. Objects to Cemetery Location. PAGE FOUR. Editorial: Panic Not Unexpected. A Divided Responsibility. Topics of the Times. Iowa Opinions and Notes. Farmers' Column. PAGES SIX AND SEVEN. City News Injunction May Stop Central's Work. Great Western Questions Land Rights. Mrs. Waters' Injuries Prove Fatal. Ames Will Talk to Meat Producers. Buckley Held to Grand Jury. New Church Organ Dedicated. The City Field. PAGE EIGHT. Markets and Generals Rally in Wheat. Corn Closes Strong. Gain in Cattle Prices. Hogs 5 to 10 Cents Higher. Farmers Wear Smiles.

2. January 8, 1908 The Logan Republican Logan, UT

Article from The Logan Republican, January 8, 1908

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BANK THAT WON'T "BUST. " Request of lowa Physician Who Advocates Postal Banks. HIS MONEY'S "KANNED" UP. Dr. J. A. Wailes Writes to Postmaster General That He Distrusts Financiers and Would Do to Wall Street What Pap Did to Bill at College. Postmaster General Meyer is in receipt of a unique indorsement of his scheme for the establishment of postal savings banks. Dr. J. A. Walles or Mystic. Ia., thinks the postmaster general's idea an excellent one and in language showing his upbringing in Kansas near the soll has written n letter giving his unhappy experiences with early western banking. says a Washington special dispatch to the New York Times. The letter follows: "I have been a strong advocate of a postal bank for many years. Thirtyfive years ago, when I was a boy, I worked on the Atchison, Topeka and Santa Fe railroad in Kansas and deposited the first money I ever had in the First National bank of Lawrence, Kan. The bank busted, and I lost. More than fifty other boys who worked with me done the same. What the effect was on the others I can't say, but It put a damper on me and caused me to squander and waste my wages for ten years. "When Governor Hoch lived in Florence. Kau., and edited a little paper there the grasshoppers ate my crop. My brother in Iowa sent me $50. I put $25 in the Florence bank. Old Peter Aller run away with all the money. Three years after he was caught in Connecticut and brought to Kansas and was sent up for twenty years. "About eighteen months ago my brother, a carpenter at Pano, Ia., hid $60 in the old round oak stove. His wife filled It full of waste paper and burned it up. A smart Alec (a neighbor) said It served him right. Hains (the same smart Alec) put $1,100 in the nearest bank, the Farmers and Drovers' bank of Seymour, and lost in less than year. "When me and my wife started in life we run a boarding house in a labor camp. I tried to get the boys to save their money and get ahead by depositing it in bank. The answer was always the same: 'No d-d banker can blow himself on my money.' You see, they lack confidence, and their lack of confidence is well founded, and in view of my own experience and observation I had to go way back and set down. "Well, I have just heard of a good old friend who has dropped his little wad of $800 in the Chariton (Ia.) bank that went busted a few weeks ago. My sister in Kansas has money in a bank that invested in warehouse and cold storage stock in Kansas City. They are looking for the money, the promoters, the 100,000 cases of eggs and other things galore that was said to be stored there, all of which are very conspicuous by their absence "I have my money kanned up. Can you blame me for it? Does the bankers and others who scold us think we are all a pack of fools? Give us postal banks that is absolutely safe and every dollar will come to the surface, as it should when a safe place is provided, and there will be no more hoardingEven if you restrict deposits to $5 it will save more men, women and children and make them independent, self respecting. abiding citizens. "I am a Democrat, but I have become so interested in Roosevelt that I went to Keokuk to see and hear him speak. If he strikes out from, the shoulder for a postal bank in his message, I will vote for him if I have a chance. "Whoop it up, my good, dear friend, You are engaged in the most humanitarian work of any man on earth today as well as the most economic business move. We don't kneed more money-too much now. You see, with cheap silver coined in dollars at private mints that no one on earth can tell from the ones made by Uncle Sam, the country has become inflated, and that is hurting no worse than the pahic. "Horses are selling here at $150 to $200, not worth over $75 to $100; overcoats and gowns in our shop windows $20 to $30, not worth over $5 to $10; land in Iowa at $100 to $125, dear at $40; in Kansas $75 to $100, dear at $25. Our people are crazy. "When Bill went to college pap gave him money enough to take him through. He blowed it. Pap pumped in more. Bill blowed it again, and pap kept right on pumping in till he was tired. Then he went down to see what was all the trouble. He kicked Bill through the glass front of a saloon and wiped up the sidewalk with him "If Uncle Sam, instead of pumping in more money every time the Wall street wind bag bursts, will do as pap did and give us a P. O. bank with equal distribution and less catchpenny advertising, fake lies through the United States mails, fewer slot mahcines, we will be all O. K." leweled Ferrings For Dogs.

3. July 15, 1908 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, July 15, 1908

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WOODMEN SUE BANK Start Action to Recover $420,000, Funds Held by Frank Crocker, Chariton Suicide -Liens Asked on Funds in Big Banks. Special to Times-Republican Des Moines, July 15. -The Modern Woodmen today started suit to recover $420,000 from the receiver of the failed Chariton bank. The defaulting cashier, Crocker, was treasurer of the Woodmen. The application is made for liens on money that was deposited in the big banks at Kansas City, Chicago, New York and other places. The suit is one of the biggest in a long time.

4. December 10, 1908 The Leon Reporter Leon, IA

Article from The Leon Reporter, December 10, 1908

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POSTMASTERS WANT CONTEST. On Friday afternoon a meeting was held at Creston by Hepburn's friends to decide on whether it would be advisable to have Hepburn contest Mr. Jamieson's election. They no sooner met at the Summit House than they passed the following resolution: "That it be the sense of this meeting that there be a recount of the votes in the Eighth congressional district and that we very insistently urge Col. Hepburn to institute a contest." Although this meeting was held Friday afternoon to urge Hepburn, to make the contest, Friday's Des Moines Capital which is published before the meeting was held, has a telegraphic dispatch which says Hepburn has consented to moke the contest in compliance with the urgent demands of his friends. Let us see who composed this list of "friends" who urged Hepburn to contest. The Creston Advertiser gives the list showing there were 34 present. We note among them the following: T. F. Armstrong, Lenox, postmaster. D. Anderson, Lamoni, postmaster. Scott Skinner, Creston, postmaster. J. J. Clark, Bedford, postmaster. W. R. Le Compt, Corydon, postmaster. C. W. Gray, Corning, postmaster. Col. Haines, Centerville, postmaster. H. Hasselquist, Chariton, postmaster. F. L. Robinson, Chariton, standpat editor Herald. A. T. Burrows, Afton, standpat editor Star Enterprise. C. N. Marvin, Shenandoah, standpat editor Sentinel Post, and whose partner is postmaster. P.S. Junkin, Creston, standpat editor Advertiser Gazette. Howard Tedford, Mt. Ayr, standpat editor Record News and former state binder. M. L. Temple, Osceola, Hepburn's appointee as U.S. attorney southern district of lowa. J. H. Jamison, Hepburn's appointee as bank receiver Chariton Bank. R. H. Hanna, Creston; Hepburn's appointee as U.S. Commissioner. Wes Bryant, Creston, Hepburn's appointee as deputy U.S. marshal. Aside from these "friends" we note H. P. Jaqua, Bedford; J. L. Brown, Clarinda; O. B. Emerson, Afton; W. L. Lundy, Clarinda; M. J. Evans, Corydon; Alf McS Culloch, Humeston; A. B. Thornell, Sidney; J. C. Meredith, Allerton; Eugene 1 Stiles, Sidney; Ed Kennedy, Nodaway; C. S. Rex, Creston; Chas. Emerson, Creston, M. E. Wilmarth, W. C. Chubb, Corning; John Minert, Nodaway; H. S. Larimer, Chariton; Dr. S. Bailey, Mt. Ayr. Can you see any "reason" for these "friends" wanting Hepburn to contest? Does the fact that their jobs depend on it influence them in the demand "just to see who was actually elected?" Such a farce is disgusting to those who study this list of names and see that the great spirit of "disinterestedness" that is S prompting them to urge Hepburn to contest. Ever since the election the editors of the papers and the postmasters and federal employees named S above have been doing their utmost to create a sentiment demanding a recount.

5. February 14, 1909 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, February 14, 1909

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nett grocery store and contents early this morning. and threatened for a time to spread to other adjoining buildings. It was controlled only after desperate work by the firemen. The loss is $4,000, partly covered by insurance. MARSHALLTOWN-Marshall lodge No. 308 of Masons, which owns a valuable lot in the business section of the city, has launched a movement to build a handsome three or four-story Masonic temple next summer, to cost $30,000 or $40,000. À sketch has been prepared and estimates of the cost are being secured. MARSHALLTOWN-Ninety-nine years of age today. and still actively, not nominally, in business and in full possession of all of his faculties. is a record of unusual length established by Joseph Tuffree, an aged resident and real estate and land dealer of this city. For fifty-five years continuously Mr. Tuffree has been in the real estate business in this city. CRESTON-What promises to be a hard fought legal battle in the courts at Charlton has been brought about by a suit filed by Receiver Jameson in connection with the Chariton bank failure. against S. 1. Auxier for more than $10,000. Auxier claims he paid the amount in full, and offers in exidence a number of receipt tags, which the plaintiff's attorneys hold as bogus. CEDAR RAPIDS-Hoboes" and tramps, who are prone to "break into jail" that they may secure food and shelter in this section of the country during winter weather, will not be able to do so in Cedar Rapids for a time. Because diptheria has broken out among the prisoners in the jall the building was placed under quarantine today. Seven prisoners have the disease, which is said to be of a mild form. CORNING-Paul S. Junkin of this city has disposed of his interest in the Corning Union-Republican to his partner, Charles Gray, and a brother of the latter. Frank Gray. Charles Gray has been postmaster at Corning for some years. He has now resigned to take up editorial duties, and his successor has been recommended, in the person of W. C. Church, who is indebted to Colonel Hepburn for the recommendation. IDA GROVE-A question has arisen in this county B.B. to what insurance companies, If any, pay the losses on stock that were frozen in the blizzard. Some of the stock owners maintain that the wind companies should pay, as the wind drove the cattle with the storm, and many of them finally wandered away SO that they were frozen or stumbled into the water and were drowned. Others claim the hail companies should pay. as It was the driving sleet or small ball which caused the trouble.

6. November 15, 1909 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, November 15, 1909

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OLD HOMESTEAD SELLS WELL Famous "Ilion" of the Mallorys Bought by Chariton Men. CRESTON, Ia., Nov. 14.-(Special.)-Receiver Jameson of the Chariton bank has sold "Ilion," the beautiful old homestead, for 300 years the home of the Mallory's, before the disastrous bank failure at the hands of R. R. Crocker. The buyers of this property are Messrs L. H. Busselle and W. A. Eikenberry of Chariton, for $55,000. This is $5,000 more than the government appraisers valued it, so the bank will gain $5,000 in the deal. There are 856 ½ acres in the estate, besides the residence and other buildings. Mrs. Mallory and her daughter, Mrs. Jessie Thayer, owned $49,000 of the $50,000 capital stock at the time of the bank's failure, and they were held for twice that amount when the bank became insolvent after the death of Crocker. They have given up everything of their holdings in Lucas county, amounting to $100,000 in all, to satisfy the claims against them, and have gone to Orlando, Fla., to make their future home. The new owners of the homestead are undecided as to what to do with the property, but expect to utilize the farm land for a stock farm.

7. November 27, 1909 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, November 27, 1909

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circles that F. G. Robbins, assistant division superintendent on the Galesburg division of the Burlington, is to be given a promotion in the west, at the beginning of the year, that he will be made superintendent of one of the Colorado divisions with headquarters at Sterling, Colo., and that the office of assistant superintendent at Galesburg will be abolished and that W. T. Sadler of Aurora will go to Galesburg as trainmaster. # OSKALOOSA OSKALOOSA—About fifteen nimrods of the Oskaloosa Knights of Pythias lodge conducted a big game hunt Tuesday. Three hundred rabbits, sixty quail and six squirrels were the gamebag's contents as a result. After a big banquet had been served to the hunters, out of the game, the remainder was turned over to the Salvation Army and charitable societies for Thanksgiving dinners. The hunt was given in connection with a membership contest which closes next Monday night. About 100 new members have been added to the gun club. # CRESTON CRESTON—Dr. B. F. Gitmor, a former practicing physician here, but now located at Red Oak, has offered to donate rent free, a building fairly well equipped for hospital purposes and arranged at present to accomodate about ten patients, at Red Oak, provided Red Oak citizens will effect an organization that will assume the running expenses of the building. This is a sequel to the county hospital question recently turned down there at a special election held to vote for the building. The vote carried in Red Oak in favor of a hospital and Red Oak township, but was defeated out in the county. Dr. Gillmore believes Red Ook citizens will support one, and says the need for one there is great. # CHARITON CHARITON—An incident of the closing chapters of the Chariton bank failures of two years ago, following the suicide of F. R. Crocker, the bank's cashier, has just taken place, when the remaining personal property of Crocker was sold at public auction to satisfy his creditors for the amount the property would bring. The sale was held in the Lucas county court house yard and was largely attended by the business men of Chariton. T. M. Stuart, jr., administrator of the Crocker estate, was the auctioneer. About $30,000 worth of farm and town property, bonds and mining stock was sold and with the other available property will total about $45,000. Most of the property sold for more than the appraised value, but the amount is small as compared to the debts of Crocker, which amounted to $800,000.

8. June 23, 1910 The Daily Gate City Keokuk, IA

Article from The Daily Gate City, June 23, 1910

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Defunct Chariton Bank. CHARITON, June 23.-J. H. Jamison has resigned the receivership of the defunct Chariton bank. George C. Rankin of the treasury department at Washington has been appointed to take charge. Col. C. A. Bartholomew is named as local administrator. Another dividend of about 5 per cent will be declared in favor of the deDositors.

9. June 23, 1910 The Oskaloosa Herald Oskaloosa, IA

Article from The Oskaloosa Herald, June 23, 1910

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Jamison Has Resigned. Chariton, Ia., June 22.-Special: H. J. Jamison has resigned the receivership of the defunct Chariton bank and George C. Rankin of the treasury department at Washington has been appointed to take charge. Col. C. A. Bartholomew is retained as local administrator. Another dividend of about five per cent will be declared in favor of the depositors.

10. June 23, 1910 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, June 23, 1910

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having the governor before the jury and officers connected with the institution there has also been testimony given by former inmates who are said to possess information inimical to Mr. Cownie. It is expected that the investigation will be concluded this week. It is possible that members of the board of control may be called to testify as to some facts brought out in the various examinations. There is absolutely nothing to base a good guess as to what the jury will do. The resignation of Senator Jamison of Osceola, as receiver for the failed Chariton bank, means that he is getting ready to take the place of Judge Towner on the district bench when the latter retires to go to congress. It has been understood all along that Jamison was slated for the place. The receivership has been a very profitable position but the business will be closed up in a few years. Senator Cosson was surprised, when the final votes were counted, to find that his opponent was C. E. Walters, of Tama county, instead of Mr. Amos. Mr. Walters is an aggressive democrat and will make a good race in the fall tho of course will stand no show of election. But if he should be elected it would mean a continuance of the aggressive policy of the office, for he is & great admirer of Attorney General Byers and has been known to commend him for his excellent management of the office. So whichever way it goes in November the Byers policies are going to become permanent in the law department of Iowa

11. June 23, 1910 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, June 23, 1910

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COUNTY ATTORNEYS MEET Small Attendance at Annual Session in Des Moines. INDIANAPOLIS MAN TSSAULTED While Fishing Along Coon River He is Fatally Stabbed-Jamison Resigns as Receiver of Chariton Bank. (From a Staff Correspondent.) DES MOINES, June 22.-(Special Telegram.)-The annual convention of the County Attorneys' association of Iowa began here today, with a very small attendance. Judge De Graff of the local court, who has been a member of the association several years, delivered an address of welcome, and the response was by County Attorney Egermeyer of Marshall county. President Seneca Cornell gave the annual address, but the remainder of the program was postponed until tomorrow, when the State Bar association will also convene. Megroes Assault Smith. Harry L. Smith of Indianapolis, Ind., was engaged in fishing along the Coon river in the western part of the city today when he was set upon by three negroes. In the melee which followed Smith was fatally stabbed. His assailants got away. Jamison Resigns. J. H. Jamison, receiver for the defunct Chariton bank, has resigned. G. C. Rakin of Washington has been appointed to succeed Jamison. A dividend of 5 per cent has been declared. Jamison will be nominated for judge, to succeed Towner, when the latter resigns to enter congress. Some Official Figures. The official canvass shows that only the state superintendency will go to the convention. David J. Palmer and Clifford Thorne, both of Washington, Ia., have been nominated for state railroad commissioner. Threatened injunction proceedings by Chris Ottesen of Humboldt against this canvass failed to materialize. When the executive council met, in order to forestall any controversy as to how to decide who was nominated, the council passed a resolution deciding the legal question as to the interpretation of the law, declaring that when the certificate is made out it will be based on 35 per cent of half the total vote and not 35 per cent of the entire vote. This wil shut out any argument on the question before the council. Congressional Vote. The vote in congressional districts was: First District-Brookhart, 4,406; Kennedy, 7,405; Kennedy's majority, 2,999. Democratic: Pollard, 3,554; Gillis, 1,625; Pollard's majority, 1,929. Second District-Charles Grilk, 5,704. Democratic: DeArmand, 3,345; Pepper, 3,404; Pepper's majority, 119. Fourth District-Haugen (republican), 11,927. Murphy (democratic), 3,708. Fifth District-Good (republican), 10,901; Huber (democratic), 2,641. Seventh District-Prouty, 14,122; Hull, 10,855; Prouty's official majority, 3,267. Democratic: Price, 1,483; O'Malley, 1,223; Price's majority, 260. Eighth District-Towner, 8,376; Darrah, 7,498; Towner's official majority, 878. Democratic: Stuart, 1,895; Booth, 1,418; Sankey, 985. Ninth District-Smith, 9,743; Byers, 8,138; Smith's majority, 1,605. Democratic: Cleveland, 2,606; Holsman, 980. Tenth District-Woods, 16,591; Mayne, 4,249; Woods' majority, 12,341. In the other districts there were no contests.