8861. State Bank (Brashear, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 22, 1930
Location
Brashear, Missouri (40.149, -92.379)

Metadata

Model
gpt-5-mini
Short Digest
1629d3d671c5ec7d

Response Measures

None

Description

Multiple contemporaneous articles report a heavy run on the State Bank of Brashear on November 22, 1930; the bank closed after that run and an examiner's inventory (filed Dec 16, 1930) showed a $39,247.72 shortage. The cashier subsequently committed suicide. The bank did not reopen; state examiner/commissioner actions and inventory indicate permanent closure/receivership.

Events (3)
1. November 22, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals on Nov. 22 following or coincident with discovery of large accounting shortages later revealed by examiner's inventory; cashier later found to have been involved (suicide).
Measures
Directors decided not to reopen; state examiner took charge and inventory was conducted; special deputy commissioner to be appointed.
Newspaper Excerpt
The institution was closed after a heavy run on Saturday, November 22.
Source
newspapers
2. November 22, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure followed the heavy run and was linked to large accounting shortages ($39,247.72) revealed by inventory; directors voluntarily closed and state examiner took control.
Newspaper Excerpt
The institution was closed after a heavy run on Saturday, November 22. The notice of its failure was received at the finance department the following Monday.
Source
newspapers
3. December 16, 1930 Receivership
Newspaper Excerpt
An inventory filed with the state finance department today by Eugene L. Wirth, state bank examiner, disclosed accounts ... The notice of its failure was received at the finance department the following Monday. ... special deputy commissioner will be appointed.
Source
newspapers

Newspaper Articles (11)
1. November 27, 1930 The Edina Sentinel Edina, MO
Article from The Edina Sentinel, November 27, 1930

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Article Text

BANK OF EDINA CLOSED Did Not Open Friday by Voluntary Action of Board of DirectorsExpect But Little Loss. The Bank of Edina was not opened for business Friday morning by voluntary action taken the night previous by the board of directors. Events leading to the move culminated during the final hour of business last Thursday afternoon. A run on the bank was not the cause of the bank being closed. The failure of the State Savings, Loan and Trust Company in Quincy the Saturday previous to the action here only partially entered into causes of the local bank to remain closed, according to P. B. Linville, cashier of The Bank of Edina. Certain drafts, which it was thought had cleared there before the Quincy failure, were returned here Wednesday and Thursday of last week, thereby increasing the amount tied up, he said. And heavy withdrawals were feared, word being received about 3:30 o'clock last Thursday afternoon there was to be a certain substantial amount withdrawn. Feeling they faced condition, the officers and directors met following the close of the day's business and decided not to re-open. F. A. Guiles of Kirksville, state bank examiner, arrived here Friday and is now in charge. Mr. Guiles says it will take week or two to make an inventory, which work will be done as expeditely as possible, at which time the bank will be open to the public for such business as is necessary. Persons may at that time call for whatever they may have at the bank for safe keeping, and to receive cancelled checks. When the inventory has been taken special deputy commissioner will be appointed. When interviewed regarding the condition in which the state will find the bank's condition and what depositors may expect, Mr. Linville made the following statement: "In an orderly liquidation we believe there will be little loss, if any." He said it was deemed advisable at the meeting last Thursday night to close the bank before the assets showed further depreciation because of the conditions faced. The Brashear State Bank of which Charles S. Davis, many years ago superintendent of schools at Edina, is cashier, closed Monday. The Rutledge Exchange Bank and the LaBelle Savings Bank were among Northeast Missouri banks which closed last week. They were affected by the Quincy bank closing.

2. December 16, 1930 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, December 16, 1930

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Article Text

STATE BANK OF BRASHEAR, MO., SHORT $39,247 AT ITS CLOSING Cashier of Depository, Short Since Nov. 22, Killed Self Yesterday in Kansas City. By the Associated Press. JEFFERSON CITY. Dec. Accounts of the State Bank of Grenadine Chiffon Brashear, near Kirksville, were short $39,247.72 on Nov. 22, its last HOSIERY day of business, an inventory filed Regular $1.65 grade, 45with the State Finance Department gauge Hose with double today by Eugene L. Wirth, exampicot tops and French iner, disclosed. Charles S. Davis, heels. Smart cashier ended his life yesterday in Sizes 8½ to 10. Kansas City. The records showed a shortage of $7222.13 in the loan accounts; $10,200 in the account with the Quincy- National Bank of Lane Bryant Quincy; $10,000 in the capital stock account, and $11,825.59 in the bills SIXTH and LOCUST payable accounts. The bank was closed after a heavy run on Saturday Nov. 22. The notice of its failure was reeeived at the Finance Department the following Monday. It reported resources of $199,117.08 shortly before the closing and $138,909 in deposits. Records filed with the inventory disclosed Davis was administrator and executor of many estates. His salary as cashier was 400 annually. He owned $10,600 of the bank's stock.

3. December 16, 1930 Jefferson City Post-Tribune Jefferson City, MO
Article from Jefferson City Post-Tribune, December 16, 1930

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Article Text

FIND BRASHEAR BANK IS SHORT $39,247-72, ITS CASHIER IS DEAD Accounts of the closed State Bank of Brashear, near Kirksville, were short $39,247.72 on November 22, its last day of business, an inventory filed with the state finance department today by Eugene L. Wirth, state bank examiner, disclosed. Charles S. Davis, cashier, committed suicide yesterday in Kansas City. Records revealed shortage of $7.222 13 in loan $10,200 in the account with the Quincy-Ricker National Bank of Quincy: $10,000 in the capital stock account, and $11,825.59 in the bills payable accounts. The institution was closed after a heavy run on Saturday, November 22. The notice of its failure was recelved at the finance department the following Monday. It reported resources of $199,117.08 shortly before the closing and $138,909 in deposits. Records filed with the inventory disclosed Davis was administrator and executor of a large number of estates. His salary as cashier was $2400 annually He owned $10,000 of the bank's stock. No explanation of the shortages was given in the inventory and finance department officials would not comment.

4. December 16, 1930 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, December 16, 1930

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Article Text

FIND SHORTAGES Brashear, Mo., Depository Is Short $39,000. Inventory Reveals The Associated JEFFERSON CITY. Mo., Dec. 16 Accounts the closed State Bank of Brashear, near Kirksville, were short on November 22. its last day of business. an inventory filed with the state finance department today by Eugene L. Wirth. state bank examiner, disclosed. Charles S. Davis, cashier, committed suicide yesterday in Kansas City. Closed After Run The records revealed shortage $7222.13 in the loan accounts: $10,200 in the account with the National Bank of Quincy: $10,000 in the capital stock account. and $11,825.59 in the bills payable accounts The institution was closed after heavy run on Saturday. November 22. The notice of its failure was received at the finance department the following Monday. It reported resources of shortly before the closing and $138,909 in posits. No Explanation Records filed with the inventory disclosed Davis was administrator and executor of large number of estates His salary as cashier was $2400 annually He owned $10,600 of the bank's stock. No explanation of the shortages was given in the inventory and finance department officials would not comment.

5. December 16, 1930 The Kansas City Star Kansas City, MO
Article from The Kansas City Star, December 16, 1930

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FLIERS IN A SAFE HAVEN ISOLATION AT NORTHERN LAKE ENDS AFTER SEVERAL WEEKS. On Search for Burke Party. They Were Unable to Fly Back. So They Tramp 175 Miles to Fort St. James. Every morning when the federal one of the crowds streaming in court of Judge Richard J. Hopkins through one door. In the lower picconvenes in Kansas City, Kansas, ture Maj Charles Shepard, the and again every afternoon following army surgeon on trial for his life, the noon recess, spectators swarm charged with the murder of his wife, wildly through the doors leading to Mrs. Zenana Shepard. is shown seatthe spectators' section. in their ef- ed as he appeared when he took the fort to get seats for the session. witness stand today in his own deThe upper picture shows a part*of fense. (By the Associated Press.) PRINCE RUPERT, B. C., Dec 16R. R. Van Der Byl. pilot, and T. H. Cressy. mechanic, both of Vancouver, B. C., marooned for several weeks at Thutade Lake Central British Columbia, arrived at Fort St. James yesterday after mushing approximately 175 miles, reports said Van Der Byl and Cressy were left at Thutade Lake by W. A. Joerss. who flew their plane back to Vancouver alone after it failed to lift the three men. They were on search for the Capt. E. J. A. Burke party. in the upper Liard River country, when they landed at Thutade Lake Emil Kading and Robert Marten Burke's companions, were rescued several days ago by E. L. Wasson. Burke died November 20 of exposure and starvation. An attempt will be made soon to bring out his body. Despite their long and difficult journey, Van Der Byl and Cressy were reported to be in splendid condition. Fort St. James is about thirty-five miles northwest of Vanderhoof on the Canadian National railway. MOVEMENTS OF OCEAN STEAMERS. Arrived Kungsholm. New York from Gothenburg from from Copenhagen from York from New York. York President Grant. Hongkong from San Francisco. Sailed Buenos Aires Cadiz for New York York Belgenland New York for. world cruise Europa New York for Bremen. INVENTORY IS FILED TODAY IN THE BRASHEAR CASE. C. S. Davis. Cashier Who Killed Himself Yesterday. Had Charge of Several Estates-1 His Salary $2,400 Year JEFFERSON CITY, Mo. Dec. counts of the closed State Bank of Brashear, near Kirksville, were short $39.247 on November 22, its last day of business, an inventory filed with the state finance department today by Eugene L. Wirth, state bank exCharles S. Davis cashier. committed suicide yesterday in Kansas The records revealed a shortage of $7,222 in the loan $10,200 in the account with the Quincy-Ricker National Bank of Quincy: $10,000 in the capital stock account and $11,in the bills payable accounts. The institution was closed after a heavy run on Saturday, November 22 The notice of its failure was received at the finance department the following Monday. It reported resources of $199.117 shortly before the closing. and $138,909 in deposits Records filed with the inventory disclosed Davis was administrator of a large number of estates His salary as cashier was annually He owned $10,600 of the bank's stock. No explanation of the shortages was given in the inventory and finance department officials would not comment Otto Focht of Madison. Kas., Dies. 64 prominent Madison business man. died unexpectedly at his home here late yesterday from cerebral hemorrhage. He was manager of the R. E. Day Oil Company

6. December 16, 1930 The Sedalia Democrat Sedalia, MO
Article from The Sedalia Democrat, December 16, 1930

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Article Text

ACCOUNTS SHORT IN A CLOSED BANK By The Associated Press. JEFFERSON CITY, Mo., Dec. 16. -Accounts of the closed State Bank of Brashear, near Kirksville, were short $39,247.72 on November 22, its last day of business, an inventory filed with the state finance department today by Eugene L. Wirth, state bank examiner, disclosed. Charles S. Davis, cashier, committed suicide yesterday in Kansas City. The records revealed a shortage of $7,222.13 in the loan accounts: $10,200 in the account with the Quincy-Ricker National Bank of Quincy: $10,000 in the capital stock account. and $11,825,59 in the bills payable accounts. The institution was closed after a heavy run on Saturday, November 22. The notice of its failure was received at the finance department the following Monday. It reported resources of $199,117.08 shortly before the closing and $138,909 in deposits. Records filed with the inventory disclosed Davis was administrator and executor of a large number of estates. His salary as cashier was $2400 annually. He owned $10,600 of the bank's stock. No explanation of the shortages was given in the inventory and finance department officials would not comment.

7. December 16, 1930 Columbia Daily Tribune Columbia, MO
Article from Columbia Daily Tribune, December 16, 1930

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Article Text

Charles Davis, Cashier, Committed Suicide Yesterday CLOSED AFTER RUN Finance Department ficials Decline to Comment JEFFERSON CITY, Mo., Dec. 16 of the closed State Bank of Brashear, Kirksville, short $39,247.72 on November were day business. an ventory the state fintoday Eugene Wirth, state bank disclosed. Charles cashier. committed yesterday in Kanrevealed shortage the $10,200 the with the National Bank. Quincy: $10,000 capital stock account, and in the payable The closed after heavy on Saturday. November failure the finance department the following Monday. reported resources shortly before the closng and $138,909 in deposits. Records filed with the inventory disclosed Davis and large number of His cashier was annually. He owned $10,600 the bank's No the shortage given the inventory ance officials wolud

8. December 16, 1930 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, December 16, 1930

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BRASHEAR BANK ACCOUNTS SHORT By The Associated Press. Jefferson City, Mo., Dec. counts of the closed State Bank of Brashear, near Kirksville, were short $39,247.72 on November 22, its last day of business, an inventory filed with the state finance department today by Eugene L. Wirth, State Bank examiner, disclosed. Charles S. Davis, cashier, committed suicide yesterday in Kansas City. The records revealed a shortage of $7,222.13 in the loan accounts; $10,200 in the account with the QuincyRicker National Bank of Quincy; $10,000 in the capital stock account, and $11,825.59 in the bills payable accounts. The institution was closed after heavy run on Saturday, November 22. The notice of its failure was received at the finance department the following Monday. It reported resources of $199,117.08 shortly before the closing and $138,909 in deposits.

9. December 17, 1930 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, December 17, 1930

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Article Text

BRASHEAR BANK SHORT $39,247.72 Figures on Final Business Day Shown by Examer's Inventory. By Associated Press. JEFFERSON CITY. MO., December of the closed State Bank of Brashear, near Kirksville, were short $39,247.72 November its last of ventory filed with the State Department today by Eugene Wirth, bank examiner, diaclosed. Charles 8. Davis, cashier. committed suicide yesterday in Kansas revealed shortage $7222.13 in the $10, 200 the Ricker National Bank of Quincy. $10,000 in capital stock account and $11,825.59 in bills payable The after 22. The its failure received at the Finance Department the following Monday. It reported resources before the closing $138,909 in deRecords filed with the inventory disclosed and of large number of estates. salary as was $2400 annually. He owned $10,600 the bank's No explanation the shortages was given in the and Finance officials would not comment.

10. December 18, 1930 Poplar Bluff Republican Poplar Bluff, MO
Article from Poplar Bluff Republican, December 18, 1930

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Jefferson Mo., Dec. the State Bank Brashear, Kirksville, short November 22, its last day of business, inventory filed the state finance department Eugene Wirth, State Bank examiner, disclosed. Charles Davis, cashier, suicide yesterday in Kansas City. The records revealed shortage in the loan $10,200 the account with the QuincyRicker National Bank of Quincy; $10,the capital stock account, and the bills payable The institution was closed after heavy Saturday, November The notice its failure the finance department the Monday. reported shortly before the closand deposits. Trial Date Set. The hearing of Curt Adkins, alleged will held o'clock morning December before United States Commissioner Herbert H. Freer. Adkins, who bond, arrested when federal prohibition agents deputy sheriffs found 106 gallons whisky in barn his

11. December 18, 1930 The Milan Republican Milan, MO
Article from The Milan Republican, December 18, 1930

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INVENTORY FILED WITH FINANCE DEPT. SHOWS SHORTAGE Accounts Of The Closed State Bank Of Brashear Short $39,247.72, As Revealed In Report To The State Finance Dept. Jefferson City, Dec. 16.-Accounts of the closed State Bank of Brashear, near Kirksville, were short $39,247.72, on Nov. 22, its last day of business, an inventory filed with state finance department today by Eugene L. Worth, state bank examiner, disclosed. Charles S. Davis, cashier, committed suicide yesterday in Kansas City. The records revealed a shortage of $7222.13 in the loan accounts; $10,200 in the account with the QuincyRicker National Bank of Quincy; $10,000 in the capital stock account, and $11,825.59 in the bills payable account. The institution closed after a heavy run on Saturday, Nov. 22. It reported resources of $199,117.08 shortly before its closing and $138,909 in deposits. Records filed with the inventory disclosed Davis was administrator and executor of a large number of estates. His salary as cashier was $2400 annually He owned $10,600 of the bank's stock. No explanation of the shortages was given in the inventory. and finance department officials would not comment.