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TALKING NEW BANK
S. P. Lindsey, of Corning, Ark., Here to Start Bank
TO SELL STOCK
Mr. Lindsey Offers to Take Half of Stock in Bank
S. P. Lindsey, of Corning, Arkansas, was here on Wednesday of this week looking over the town with the view of locating here and opening new bank. Mr. Lindsey comes here with the very best of references from the people who have known him for years as to his character and ability and we have no hesitancy in saying that if only a part of these references are true that Mr. Lindsey will make our city a valuable citizen and one we can be proud of. Wednesday night a meeting was held in the dining room of the Parkview Hotel for some of our people to meet Mr. Lindsey and talk the banking situation over with him. There was a good crowd present and they all seemed quite enthusiastic over getting a bank started here as soon as possible. It was quite evident that the business men of the town were feeling the depression that follows in the wake of a bank closing as the people are going to other towns to get their checks cashed and at the same time do their trading in towns. Something should be done right away to get things stabilized here so that people can get back down to earth. Mr. Lindsey made the proposition that he would take half the capital stock and surplus if the people here would subscribe the other half. In fact he said he would take more than half if necessary. He said that he liked the looks of the town and the country around here and thought that he would like to live here. He assured the audience that should he decide to come here and locate that he would do so with the intention of being a part of Rich Hill, take part in the city's activities and in every way possible do his part toward making it the very best possible town in which to live.
Mr. Lindsey impressed the people very much and they were not backward in saying that they thought that he was the man they wanted to start a bank here. With his experience that covers a period of over twenty years in one bank as cashier and vice-president. and his willingness to help put the town over it seems that he is the ideal man for the place. Thursday Chairman E. E. Bean appointed a committee to around with Mr. Lindsey, introduce him to the people and see what could be done about selling the necessary stock to get the bank started.
Missouri Conference At the annual meeting of the South-West Missouri Conference of the M. E. Church, South, held in Marshall, this week, Rev. J. E. Alexander IS made the presiding elder of this ,the Joplin-Nevada district. Rev. Alexander, who, for a number of years has been pastor of the M. E. Church, South, at Independence, Mo., is one of the ablest ministers of his denomination in the state. He was formerly a presiding elder, but for a number of years past has been pastor of the church at Independence. During his pastorate there the congregation remodeled the old church building and made other improvements at a cost of approximately $60,000. Rev. Alexander served for fourteen consecutive years as the general secretary of the SouthWest Missouri conference, and has been a ministerial delegate to the last four general conferences of the church, the last quadrrennial meeting having been held in May of the present year at Dallas, Texas. Rev. J. D. Robbins, who succeeds Rev. Alexander at Independence, has, for the past four years, been presiding elder of the Marshall district. Rev. Phil B. Wahl goes from the South-west Missouri conference to the Denver conference. Rev. W. T. Knight, here-to-fore of the Denver conference, is made pastor of the M. E. Church, South, of this place. Rev. F. R. Poage, also of the Denver conference, comes to Missouri, being made pastor at Boonville. Rev. F. R. Chapman, formerly pastor here and at ElDorado Springs, goes to Odessa, in the Marshall district. Rev. H. the R. Wharton is assigned to the Mr. Archie Circuit. the Rev. C. E. Ruyle who has been the presiding elder in the Nevada Joplin district. succeeds Rev. W. A. Tetley as pastor of the Westport Avenue church.
Left for New York Sunday morning bright and early William Ferguson, Robert C. George B. Dowell and Earl Morgan left our fair city for the big town of New York They drove through in Mr. Glenn's car. It is a long trip and they got all ready by having the tires all new and the car in fine shape. As far as the first two named gentlemen are concerned it was strictly a business trip while the latter two were like the fellow in the funeral procesjust went along for the ride. Here is the story: Some months or possibly a year or so ago Bob Glenn figured out a new idea on cigar ette packages. His invention was to have the packages perforated down the side and with a string attached to the top the packages could be opened through the middle of one side, laying the package wide open for the convenience of the smokers. It was a new and original idea as far as Bob was concerned. He took Mr. Ferguson into his confidence on it and they decided that it was a mighty clever idea and so they talked to several other people about it and they all decided that it was dandy So they had the idea patented. That work is all through now and so they went back to New York to try and sell it to some of the heads of of the large cigarette manufacturers. If these heads of the companies are as sold on the proposition as these men and their friends are they ought to have very little trouble selling their idea. In case they do sell it, it will mean a big thing for these two men. They have every hope and confidence in the world that they will be successful and their friends here hope that they will come home with their pockets bulging from the advanced royalties they will receive. When the party left they planned that the trip would take them about two weeks. Mr. Dowell and Mr. Morgan will observe the scenery the way and tell the two inventors about it as they go along.
Inventories of Banks Filed With Recorder
Gus Kienberger, prominent business man of Rich Hill and former banker of that city, has been appointed special deputy commissioner by S. L. Cantley, state finance commissioner, to take charge of the affairs of two closed Rich Hill banks. Kienberger took charge of two institutions on Thursday, relieving Geo. U. Freund, state bank examiner, who has charge of the banks since they closed a few weeks ago. Mr. Kienberger was in Butler Thursday afternoon and filed with the recorder of deeds his commissions from S. L. Cantley and inventories of the the Farmers & Manufacturers Bank and the Peoples Bank. According to the inventories filed, the F. & M Bank had total resources and liabilities of $344,378.59. The resources of the institution were listed as follows: Loans in bank, personal, $175,833.34 Loans, real estate, in bank. 38,999.60 88,235.30 Overdrafts 2,569.80 Banking house 8,000.00 Real estate. 21,870.00 Furniture and fixtures 4,500.00 The remainder of the resources is made up of items due from other banks and cash items. The liabilities were listed as follows: Capital stock $25,000.00 Surplus 15,500.00 Individual deposits Time deposits Savings deposits 26,082.04 Cashiers checks 6,168.37 Bills payable 42,565.00 29.26 Cash, long 3.24 Total resources and liabilities of the Peoples Bank of Rich Hill were given at $140,Resources were listed as follows: in bank Loans real estate. in bank 6,588.00 Loans collateral Overdrafts 1,993.85 Banking house 5,200.00 Furniture and fixtures With additional items due from banks and cash items. Liabilities were listed as follows. Capital stock $15,000.00 Surplus 4,200.00 Undivided profits 1,307.99 Individual deposits Time certificates of deposit Cashier's checks Bills payable 5,800.00 Time deposits, long 14.00 Individual deposits. long 4.58
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