First National Bank (Carondelet, MO)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
August 13, 1866
Location
Carondelet, Missouri (38.556, -90.266)
Bank Type
national
Charter Number
454

Metadata

Notes

The bank underwent voluntary liquidation, depositing funds to retire its circulation and closing permanently without a run.

Events (3)

1. June 2, 1864 Chartered
Source
historical_nic
2. March 15, 1865 Voluntary Liquidation
Source
historical_nic
3. August 13, 1866 Suspension
Cause
Voluntary Liquidation
Cause Details
The bank voluntarily retired its circulation and deposited lawful money in the U.S. Treasury to close its affairs.
Newspaper Excerpt
First National Bank Carondelet, Missouri; voluntary, Aug. 13, 1866
Source
newspapers

Newspaper Articles (2)

Article from Baton Rouge Tri-Weekly Gazette & Comet, June 20, 1867

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Article Text

LIST OF SUSPENDED NATIONAL BANKS

-The following is a list of national banks that have failed are now in the hands of the receiver, with amount of circulating notes is sued to each : First National Bank, Attica, New York, circulation $45,000; Merchants' National Bank Washington, D. C., $150,000; Venango National Bank Franklin, Pa., $85, 000; Teonessee National Bank, Memphis, $90,000; First National Bank, Newton, Mass., $130,000; First National Bank, New Orleans, $180,000. In addition to these, the First Na. tional of Carondelet, Missouri, with a circulation of $25,000, and First National of Columbia, with a circulation of $11,990, have taken up their bonds and deposited lawful money in the United State Treasury to the amount of their outstanding circula tion. Here is an aggregate of $832,490 which has reverted to the Government, upon the return and destruction of which an equal amount of circulation will be at the disposal of the currency for the currency for distribution according to the terms and conditions prescribed in the National Currency act, subject to the same rules as governed the distribution of the amount originally authorized by Congress. Banks Without Circulation.-Quite a number of national banks have been organized, to which the Controller has not yet given any circulation because the amount provided for by law is already out, and there are many others that have received only part of the amount to which they would, un der other circumstances, be entitled. There is a pressing demand for more currency west of the Mississippi, and more particularly in Kansas, which he is anxious to meet, and he will do 80 as soon as a sufficient amount of these broken banks have been restored.


Article from New-York Tribune, December 4, 1869

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Article Text

first werles 3,519,699 aerie carrency, 101,229,023 The securi725,757,596 3,748,645,129 Total cluding June of the number report States securiNational organization, whole At the date of that the had last deposited United was 1,682 number number ties organized preliminary during to ul the their and fiscal incl year, cluding 10 June and in 30, the 1869, that custody 1,692 have banks whole organize number office for of their banks sury, circulating having was on notes. money the 30th virculation, of ralized June, from 1869. 12 of paid this duty failed to prior the Treat to June 30, 1868, having no part still held.1 held, sales 1,661; of stocks June 30 withdra 1868. securities securities in in reulation part still deposited re deem failed before in last fiscal year. to redeem circula and money to whole banks failed withdrawn 30, money 1868, withdrawn in the fiscal inning. year. 1,692. Org the in prior to June organ deposited from the The beg ten order new follow banks number New National deposite Banks of securities National Bank of made their first Minnesota Pacific shares Penns Bank of ing First National Bank of First Mankato, Bank Maine First Grough. Nation New-Hamp Bluffs. Bangor of National Bank New Farmers' National Minnesota Bank First National Bank Bank First of New York, Na Fairbault Ohio National Bank Murfreesboro National Tennessee First shire; Minnesota: Bank In 1865. Na Bank Austin First National that have Failed 1866, Merchants Venango Na in 1867, York National Banks of Attica, New York; D in 1866, First National Bank National tional Medina, tional tional Bank Bank of of Frank N. Y lin. in Penn 1867, First Tennessee National National Bank of Bank New Bank of emphis, Tenn. Mass. in 1867 National First Bank of Seima, of ville, in 1867. First Bank a Unadil of Brooklyn Conn. ton of New Orleans: 1868, National and Citizens' Unadilla Nation Bank of Bank New York, in N 1868, 1868, Farmers 1868 National Croton National Bank of Bethel Iowa; in 1868. National Bank of 1868 First Bank of Keokuk. 1869, First National the eginning, First Vicksburg, Miss.; number in failed from the First National assumed Bank Rockford of -The Total circulating notes Mass., of have been Mass. ptions. which Bank 15 N.B of Newtone Newton, Newton Bank States of for Boston. former retired rede and de posited First by the reimbur National moused the that Unite have poluntar redeem their Columbia, carculation Mis First Farmers has National funds Ban in the Treasury National to Bank National of Bank of National Carony ID 1865, Oct. in 1866 August in 1868, June 16, 1869. April 20. May First souri, Missouri, Wiscons in 1869 Total, dolet, of Waukes! Jackson Mississi) Wisconsin circulating of have Bank Natio Bank Ban National of Harsburg, Bank securities having no at the been comnotes First The that National number had the of withdrawn fiscal year their 30, was 1868 12, and Total none retired to that mence added einent to the list since June had circulating custody of notes the First June 1869, Banks that have securities never from Yan, the New York: of Ottamwa, National National have drawn National their Bank of Penn Iowa second Bank Na Utica, Adams second Treasury National Canton, Bank Berkshire National Bank of Bank of reorganize atroller tional Bank Massa of First First National First National certi Savannah, Craw Jersey ford (DO County, cont Meadvi Georgia Banks Bank of Bank, Pennsy voluntarily failure Pennsyl fleates) Pittston National that have failed or or retirement, that have and amount Nature National of with Bank date of circulating Columbia, of Missouri; notes. voluntary, voluntary, Oct Aug. 13, 1805 1866 $90,000. First 1.990 National Bank Carondelet, Missouri: isconsin voluntary June 16 of Bank Jackson, Mississiop & 4 First National National Bank of W Faukesha, W voluntary, April 20, 1869 25. May voluntary if First 40,500. National National Bank of Cedarsburg, failed. Wisconsin April 14, 1865 1866 44,000 $85,000 1869 First $72,000. East of Attics. Pa failed D C. May failed, May 8. 1866 First. National Back Franklin too, 9. 1867: $40,000 E Venango Merchants National Bank, Mediua N Y failed Tena March failed March 1867: First Bank National of Bank & First National 000. Bank of Bank, Membbi 30. 1867 $85,000. 20.1867 National 6. Y. N. Aug Tennessee National of Selms, Als Orleans failed La April failed May 1867; failed, Unadilla, National $ 180,000. Unadilla Bank Y. N. of Sept Bank failed. Brooklyn #253,900 First # Hariners' and Citizens' National York failed Oct March 1867 6 $180,000. $26,300. $90 one National Bank Ficksburg, 5 1867 National Bank New Keokuk failed. failed March 186 1868 $25,500.000 III Rockfor Crots First National Bsuk Bank Believe Mise Ct failed. failed April 21, March 19. 1869 45,000 National Bank at the closing. $1,664,650. PRIVILEGE. Total circulation THE FRANKING the close of the last Allnding the to the XLth act passed Congress, which near to it restrain is declared and regulate that frank to POSION the franking of privilege, any in person entitled otherwise to the than by the as shall not be la wful exercise for said privilege matter franked, Gen well ing his autograph privilege signature It was BOOD upou found would that require in this and waste it, Spinner says: other offices, this officer to portant execute official a as in many tune of the to principal attend to concer the ve im how an official of leaving the whole of him his office no time It officer hard by to law, that like the is au signing fee official simile duties duty forced upon an tortured an official to letter, be a privilege answer very A well not good OD business. certificate official can signature be but, under to this law, of it is three-cent are for 81 of 000 my greenbad that note; saves abuses, the afti ixing If there are were necessarily any, envelopes. use. High to a postage certificate stamp. the Then, tographic the signa just tures as the officers printed of ones the this con HOW not cured, placed upon inadvan the ance of the laries are, their by time in their the were formert receiving large nelled to waste of giving Govern struction Government of the intelled law certificates. pay The It is be useful prontless and three-cent postage thing don't of the names to afford this The Govern ment than that any ment 1088 to hundred the fold greater existed which is services lieved that of official the abuse is a that may have certainly in no the of more occasioned the laws seek by to remedy concerning usion fact says is stated, of that the United In during of books The Treasurer vain boasting in that the the Treasury time the money office eight yuss been spirit years has and in had my charge, that foot OD (an the amount scarce of money com vast States exceeed were human mind can fact that handled of at great sum that the ordinary not and are the every not day one cent Jost beer of the amounts prehend it), of money and persons have been in this to office; the people yet of Treasury the United of is this mere has, by hundred up to account 1118 time, of the ID this office, inokiest If of men. have States on of the empl I have yes been but the thus far made they good to by on account then certainly have occurred, I ways been thete, or Losses, luck, is true, that they have TROB8 responsible of for the unfortu that nate OBEN. iny been Treasury BO small by the pe of the the right to say brink of 1 that public voluntary the Although tributions whole feel I duty have to have the worked univost service, uncease not that world have capacity always done for out of season official in the act that 1 is am certain "Fruling potent ingly my in SPUBOD I have and 116 er done should an know. yet is seidence persons that and willing without the whole the aid of of an honest over and devolved com upon your me. pre- or has that directed urduous the choice duties times that shown would me by not have last would without in the the & your at all such good result fortune and cannot skillful rock pussible and bark 1 feel of that the euch most fortunate on some me. bidden there always. been may The at last no be strongly wrecked against anxious Aesire holding to martuer the law of more chance than is ever, position feel that greater an I ter hold. benefit the incible to the retire fore now, from am the sure perious has been states of than urer to your of the U.S Hon G. servant. good 8 Beat well. F Secretary of of which people of the United E. PPINNER, Treas the TTeneurs