First National Bank (Keokuk, IA)

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WEST ITEMS

Suspension of a National Bank-Buffalo Hunt. ST. LOUIS, Feb. 22. - -The First National Bank of Keokdk, Iowa, suspended yesterday. The Kansas Legislature has accepted the invitation of the Pacific Railroad Company to have a buffalo hunt on the fourth of March.

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BANK FAILURE

Suspension of the First National Bank, Very intense excitement was created throughout Keokuk business circles yesterday morning by the announcement that the a First National Bank had suspended. Quite "crowd collected in front of the Bank as soon as the rumor became current. It was too true. Amid the excitement and wild rumors consequent upon an event unexpected by the public and deplorable, we can gather nothing definite enough to make an accurate showing of the real extent of the losses, and we prefer not to give currency to mere rumore. It will be some time before the real condition of the Bank is known. An Inspec tor, appointed by the Government will come and settle its affairs. Then a showing of the Bank's liabilities, assets and operations can be made. It appears that the stockholders will be the largest loosers, and as the Bank has had a heavy deposit account, its liabilities must be proportionally large. What the amount of available resources on hand with which to meet the liabilities, can only be ascertained with reliable certainty by actual investigation of the affairs of the Bank. In the meantime we shall not insur the risk of misleading our readers, by giving publicity to unauthorized or ill-founded statements of parties ins terested in behalf of the Bank or excited against it.

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MISSOURI

Sr. LOUIS, Feb. 22.-The First National Bank of Keokuk suspended yesterday. The Kansas Legislature have accepted an invitation from the Pacific Railroad Co., to have an buffalo hunt on the 4th of March. The Missouri river from St. Joseph to Brownsville, a short distance below Omaha is open and navigation will be resumed in a few days.

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ST. LOUIS, February 22.-The First National Bank of Keokuk, Iowa, suspended yesterday. The Kansas Legislature has accepted an invitation from the Pacific Railway Company to have a buffalo hunt on the 4th of March. The Missouri River is open from St. Joseph to Brownsville, a short distance below Omaha, and navigation will be resumed in a few days from its mouth to Omaha. President Johnson's appointment of General Thomas Secretary of War ad interim caused considerable comment here, and will probably influence the action of the Republican State Convention at Jefferson City to-day somewhat.

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St. Louis Items, ST. LOUIS, February 22.-The First National Bank, of Keokuk, Iowa, suspended yesterday. The Kansas Legislature has accepted the Invitation of the Pacific Railway Company to have a Buffalo hunt on the 4th of March. The Missouri river is open from St. Josephs to Brownsville, a short distance below Omaha, and navigation will be resumed in a few days from its mouth to Omaha. President Johnson's appointment of Gen. Thomas, as Secretary of War ad interim, caused considerable comment here. and will probably influence the action of the Republican State Convention at Jefferson City to-day somewhat.

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Sr. LOUIS, February 22.-The First National Bank, Keokuk, Iowa, suspended yesterday. The Kansas Legislature accepted the invitation of the Pacific Railway Company to have a buffalo hunt on the fourth of March. The Missouri river is open from St. Joseph to Brownsville, a short distance below Omaha. Navigation will be resamed in a few days from its mouth to Omaha. President Johnson's appointment of General Thomas as Secretary of War ad interim caused considerable comment here and will probably influence the action of the Republican State Convention at Jefferson City to-day somewhat.

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The First National Bank of Keekuk, Iowa, suspended on the 21st.

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BANK SUSPENDED

-St. Louis, February 22.-The First National Bank of Keokuk, Iowa, suspended yesterday.

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FAILURE OF NATIONAL BANKS

-The First National Bank of Bethel, Conn., has closed its doors. It ceases to be a public depository. The First National Bank of Keokuk, Iowa, has suspended business. The Governmentfunds have been withdrawn.

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FAILURE OF NATIONAL BANKS

-Bethel, Conn., March 6.-The First National Bank of this city'has closed its doors. It ceases to be a public depository. Keokuk, Iowa., March 6.-The First National Bank of this city has suspended business. The Government funds have been withdrawn.

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Hitting his Friends

The financial circles of Keokuk, Iowa, and the surrounding neighborhood were agitated, last Thursday, by the failure of the First and the last National Bank of that village. The business of the bank was chiefly in St. Louis, where the losses are heaviest. Its balances were light, about the amount of an ordinary peanut stand. The First, and last, National of Keokuk made a statement in October, which laid every thing in the shade since the days of Aladin's lamp. Figures wont lie, but the officers of some National Banks will, which is all the same to depositors. This First, and last, National Bank belonged to a man named Love. His love for money extended to other people's as well as his own. He was one of those remarkable honest, and pre-eminently loyal and reliable men who are supposed to be equally competent to run a bank or a Sabbath school, and who are gen. erally appointed to be the guardians of orphan girls and to take care of other people's money. He went into the bank with lots of char. acter and little money; he comes out with lots of money, but his character transferred to the other side of the ledger. The country can bear the loss of the Keokuk bank, and may learn by the end of the twentieth century that such institutions are no better than they ought to be. That is the style in which that peripatetic Rebel sheet, the Memphis Avalanche, pitches into one of its northern friends. The Rebel editor's blunderbuss went off at half cock, of course, and hit B calf when he thought he was shooting a deer. He mistook Mr. Love, the President of the Bank, who is a sound and influential Copperhead, of Virginia extraction, anteesdents and principles, for a loyal Yankee Puritan and Sunday School Super intendent. Nothing could have been wider of the mark, however, and his com ments generally are as wide of the truth, RE his fundamental mistake in regard to the per sonal and political character of the Bank President. Like all his tribe he pitches into the Bank and its officers at random, and goes it blind in order to manufacture political capital. for which purpose falsehood answers a better purpose than truth, while it is at the same time more congenial to his tastes. The First National Bank is not the last National Bank of Keokuk. for we have a State National Bank which is as sound as the Bank of England, and enjoys the universal confidence of the community. The business of the First National Bank was not chiefly in St. Louis, nor are the losses of St. Louis by its failure either supeplatively heaviest or positively heavy. When the Avalanche traitor finds out that Love was one of the Northern friends of the rebel Democracy it will swear that he was a model man, and the victim of bis Republican associates.

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FIRST NATIONAL BANK

—The vault, counters, desks, chairs, stoves and all other fixtures in and belonging to the First National Bank, will be sold at public sale, at the Bank building, on Saturday next, at 10 o'clock a. m. H. W. SAMPLE, Receiver. August 13th, 1868. 14-2t

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REAL ESTATE

Record of transfers conveying real estate within the townships of Jackson, Des Moines, Van Buren, Charleston, Montrose and west half of Jefferson, in "Half Breed tract," with date of transfer, placed on file for the week ending Saturday, Aug. 29. 1868: Aug. 22, 1868-Emily L. Gray to Nanoy E. Richards; lot 95, Rees' addition $35.00 to Kookuk, Aug. 22, 1868-Emily L. Gray to Mary A. Cobb; lot 96, Rees' addition to 35 00 Keokuk, March 23, 1868- D. B. Smith to Virginia W. Ivins; center 20 ft of lots 1, 150.00 2 and 3, block 68, Kookuk, May 8, 1868-David Akin et al., to W. A. Adair and J. B. Tineman, lot 8, $1000 00 block 196, Keokuk, Aug. 24, 1868-W. A. Adair and J. B. Tineman to Mary J. Adair; e hf lot 8, 600 00 block 196, Keokuk, Aug. 26, 1868-Lysander Meeker to 0. S. Conklin, 50 ft com 50 ft from front across lots 7, 8 and 9, block 17, Keo500 00 kuk, Det. 17, 1861-George S. C Dow to Eliza Davie; eighteen lots in Reid's ad10 00 dition to Keokuk, Q.C. D., Aug. 12, 1368-H. W. Sample, Receiver First National Bank, to R. H. Wyman: 20 ft com. 10 ft from e side of lot 8,000 00 10, block 28, Keokuk, Aug. 20, 1868--Wm. Wilson to John Bubner: pt of 3 W qr and n W qr sec 9, 500 00 tp 67, range 5, 38 acres, Aug. 26, 1868-Andrew Whitney to R, H. Gillmore; lot 9, block 24, Keokuk, 2050 00 A. J. MATHIAS, Deputy Recorder.

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First National Bank Affairs, TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, October 13, 1868. DEAR SIRS: I am in receipt of your letter of the 9th inst., it having been handed 10 me by the Second Comptroller, to whom it was erroneously directed. The Receiver of the First National Bank of Keokuk has paid into the Treasury of the United States all the money he has collected from the assets of the Bank. This he is ob. liged to do by section 50 of the National Currency Act. The Comptroller of the Currency is required to make a ratable dividend of the moneys NO paid over to bim, on all such claims as may have been proved or adjudicated. I expect to sell the bonds held by the Treasurer of the United States, to secure the circulating notes of the Bank, about the 1st of November, when I hope to be able to add . considerable sum tothe assets of the Bank, from the margin, and the premium and interest on the bonds. As soon as possible after that I shall declare a dividend-probably by the 15th of November. Due notice, however, will be published. Very respectfully yours, M. R. HULBURD, Comptroller. Messrs. GILLMORE & ANDERSON, Keokuk, Iowa.