Shanklin & Austin - Trenton, MO

Episode Information

Episode UID: 607384491066
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 60738449 hash
Start Date: October 4, 1888
Location: Trenton, Missouri (40.079, -93.617)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: fd89af988e2db212

Response Measures

None

Description

Article states the bank has closed its doors after correspondent failure; no reopening mentioned.

Events (1)

1. October 4, 1888 Suspension

Cause: Correspondent
Cause Details: Closed following the failure of the Traders' Bank of Chicago, a correspondent in Chicago.
Newspaper Excerpt: The banking house of Shanklin & Austin, Trenton, Mo., the oldest bank in North Missouri, has closed its doors. The immediate cause was the failure of the Traders' Bank of Chicago.
Source: newspapers

Newspaper Articles (1)

1. October 5, 1888 New-York Tribune New York, NY

Article from New-York Tribune, October 5, 1888

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Article Text

THE BROKEN CHICAGO BANK. SMALL CHANCE OF DEPOSITORS GETTING BACK THEIR MONEY-A BANK IN MISSOURI GOES DOWN. Chicago, Oct. 4 (Special).-As the examination into the affairs of the Traders' Bank continues. the evidence of the rottenness of the institution increases, and the depositors have only dim chances of recovering much of their money. "This is the sort of work that makes Anarchists in this country," shouted a deluded depositor in the bank to-day. "When you see those rich robbers swindling the poor right and left, you can't blame the Anarchists for wanting to blow them up. I've been working and saving for years, and got together $900. The last hundred of it I deposited here last Saturday. and to-day I have not got enough money to pay my rent. Hanging is too good for such." Receiver Byron L. Smith said: "I am thoroughly disgusted with the condition of affairs. Everything is so badly mixed up that I cannot begin to form an idea of the real value of the assets, nor even the amount and character of liabilities. It will be several days-probably many days-before we get to the bottom, and learn just how things stand. I am very much discouraged by the outlook." "Where has all the money of the depositors gone?" "That is what I am asking, and what no one seems to know." Cashier Tallman came in. and in reply to the question where the money had gone, said: "That is what I want to know and can't find out." St. Louis, Oct. 4. -The banking house of Shanklin & Austin, Trenton, Mo., the oldest bank in North Missourt, has closed Its doors. The immediate cause was the failure of the Traders' Bank of Chicago. The bank has been doing business since 1850. Its depositors will not push It.