8881. Bates National Bank (Butler, MO)

View Charter #6405 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6405
Charter Number
6405
Start Date
September 20, 1906
Location
Butler, Missouri (38.259, -94.331)

Metadata

Model
gpt-5-mini
Short Digest
c28c70ae69c6fab6

Response Measures

None

Receivership Details

Depositor recovery rate
76.5%
Date receivership started
1906-09-20
Date receivership terminated
1915-05-07
OCC cause of failure
Excessive lending
Share of assets assessed as good
42.4%
Share of assets assessed as doubtful
19.8%
Share of assets assessed as worthless
37.8%

Description

Multiple contemporaneous articles (Sept 20, 1906) report the Bates National Bank of Butler, Mo., was closed by action of the board of directors to go into liquidation and a receiver was appointed by the Comptroller of the Currency. Reports state the bank was solvent and closing was due to internal dissensions. No run is described in the articles; the bank was placed in receivership and legal actions followed.

Events (4)
1. August 30, 1902 Chartered
Source
historical_nic
2. September 20, 1906 Receivership
Source
historical_nic
3. September 20, 1906 Receivership
Newspaper Excerpt
A receiver was appointed by the comptroller of the currency ... W. J. Butler (or L. W. Butler/T. W. Butler in some wires) has been appointed receiver for the Bates National Bank of Butler, Mo., which was closed today by action of the board of directors for the purpose of going into liquidation. (multiple wire reports dated Sept. 20, 1906).
Source
newspapers
4. September 20, 1906 Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors closed the bank to go into liquidation; contemporaneous accounts attribute closing to internal dissensions though finances were reported sound.
Newspaper Excerpt
The Bates National bank was closed today by action of the board of directors for the purpose of going into liquidation.
Source
newspapers

Newspaper Articles (21)
1. September 20, 1906 The Vinita Daily Chieftain Vinita, OK
Article from The Vinita Daily Chieftain, September 20, 1906

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Article Text

RECEIVER FOR BUTLER BANK Butler, Mo., Sept. 20-The Bates National bank was closed today by ac tion of the board of directors for the purpose of going into liquidation. A receiver was appointed by the comptroller of the currency, who says that he has received no charges of wrongdoing. The bank is one of the oldest in the state. Its president, Captain F. J. Tygard, is one of the best known men in Missouri. The bank had deposits of $105,000 and loans of $100,000. Internal dissensions seem to have been the the cause of the receivership, as the finances are apparently all right. The officers say that the bank will pay dollar for dollar.

2. September 20, 1906 The Fargo Forum and Daily Republican Fargo, ND
Article from The Fargo Forum and Daily Republican, September 20, 1906

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Article Text

VOLUNTARILY CLOSED. Missouri Bank Decides to Go Out of Business. Washington, Sept. 20.-The Bates National bank of Butler, Mo., was closed today by direction of the board of directors for the purpose of going into liquidation. L. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised, no charges of wrong doing have been made.

3. September 21, 1906 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, September 21, 1906

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Article Text

BATES BANK CLOSES. Old Institution Closes Door to Go Into Liquidation. Washington. Sept. 20.-The Bates National Bank of Butler, Mo., was closed by action of the Board of Directors today for the purpose of going into liquidation. W. J. Butler has been appointed receiver. The following is a statement of the resources and liabilities of the bank as shown by the last report of condition, September 4, 1906: Resources-Loans and discounts, $172,451; overdrafts, $14.115; U. S. bonds to secure circulation, $12,500; premiums on U. S. bonds, $500; banking house furniture and fixtures and other real estate, $12,816; due from banks and bankers, $12,006; cash and cash items, $14,898; redemption fund, $625. Total, $239.912. Liabilities-Capital stock, $50,000; surplus, $6,500; due to banks and bankers, $911; deposits, $127,250; payable bill,s $42,750, circulation, $12,500; total, $239,912. Kansas City, Sept. 20.-The Bates National Bank of Butler, which was closed today, was one of the oldest financial institutions in Missouri. It was organized in 1870. Its president is Capt. F. J. Tygard, one of the best known men in the State. The other officers are J. B. Newberry, Vice-President, and J. C. Clarke, Cashier. The bank has a paid-up capital of $50,000. The last statement showed de posits of $105,000 and loans of $101,000.

4. September 21, 1906 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, September 21, 1906

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Article Text

National Bank Closed. Washington, Sep't. 20.-The Bates National bank of Butler, Mo., has been closed by the action of the board of directors for the purpose of going into liquidation. T. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised, no charges of wrong-doing have been made.

5. September 22, 1906 Morris Tribune Morris, MN
Article from Morris Tribune, September 22, 1906

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Article Text

NATIONAL BANK CLOSED. Receiver Named for Institution at Butler, Mo. Washington, Sept. 21.-The Bates National bank of Butler, Mo., has been closed by the action of the board of directors for the purpose of going into liquidation. L. W. Butler has been appointed receiver. So far as the comptroller of the currency is advised no charges of wrongdoing have been made. The closing of the bank is due to dissensions among the officials. The institution is said to be perfectly solvent and will pay in full.

6. September 27, 1906 The Mathews Journal Mathews, VA
Article from The Mathews Journal, September 27, 1906

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Article Text

Bank In Missouri Fails. Washington (Special). - The Bates National Bank of Butler, Mo., was closed by the action of the board of directors for the purpose of going into liquidation. T. W. Butler has been appointed receiver. So-far as the Comptroller of the Currency is advised. no charges of wrong-doing have been made.

7. January 3, 1907 Gilpin Observer Central City, CO
Article from Gilpin Observer, January 3, 1907

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Article Text

BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.: liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago: liabilities, $400,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities, $110,000; assets. $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston. Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester, and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

8. January 4, 1907 The Tupelo Journal Tupelo, MS
Article from The Tupelo Journal, January 4, 1907

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Article Text

BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110.000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., Crosea NJ comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.

9. January 4, 1907 Times-Promoter Hernando, MS
Article from Times-Promoter, January 4, 1907

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Article Text

BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110.000; assets, $130,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delment national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash.

10. January 4, 1907 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 4, 1907

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Article Text

BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falstfying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

11. January 4, 1907 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.

12. January 4, 1907 The Ordway New Era Ordway, CO
Article from The Ordway New Era, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.: liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago: llabilities. $400.000, Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union. Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.: llabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunet Chicago National bank. arrested on charge of falsifying reports. 27-National Business College. Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Tels, Smith & Co., bankers, Pekin, III.: liabilities, $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis. appointed. Jun. 18-Farmers' State bank of Clearfield. Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank. Chicago, closed by state bank examiner; liabilities. $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, falled in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston. Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb. Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Klowa. I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg. Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, falls.

13. January 4, 1907 The Ely Miner Ely, MN
Article from The Ely Miner, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

14. January 4, 1907 The La Jara Chronicle La Jara, CO
Article from The La Jara Chronicle, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons. Snyder & Co., Cleveland, O.: liabilities. $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities. $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands. Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Waish, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000: assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Tels. Smith & Co., bankers, Pekin. III.; liabilities. $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield. la., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster. Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston. Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph. III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg. Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

15. January 5, 1907 The Grenada Sentinel Grenada, MS
Article from The Grenada Sentinel, January 5, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands, 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. -Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.

16. February 14, 1907 The Beaver Herald Beaver, OK
Article from The Beaver Herald, February 14, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,009. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

17. May 30, 1907 The Butler Weekly Times Butler, MO
Article from The Butler Weekly Times, May 30, 1907

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# Butler Citizens in the Federal Court. A number of cases originating in the failure of the Bates National Bank were disposed of in the federal court in Kansas City last week. A large number of our citizens were called there either as interested parties or witnesses In the case of Butler, receiver, against Mrs I. N. Mains for assessment on the bank stock owned by the I. N. Mains estate, the court found for Mrs. Mains. Judgment was confessed against the Mains estate for $4,200. Judgment was rendered against the Bates County Investment Company for $4,800, and against Mrs. Josephine Porter for $600. The suit against the Ryan estate was continued.

18. June 20, 1907 The Butler Weekly Times Butler, MO
Article from The Butler Weekly Times, June 20, 1907

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Sheriff's Sale By virtue and authority of three general executions issued from the office of the clerk of the circuit court of Bates county, Missouri, returnable at the May adjourned term 1907 of said court, and to me directed in favor of W. J. Butler, Receiver of the Bates National Bank and against J. C. Clark, I have levied upon and seized all the right, title, interest and claim of the said J. C. Clark of, in and to the following described real estate to-wit: The southeast quarter of the southeast quarter of section 23, the southwest quarter of the southwest quarter of section 24, the northwest quarter of the northwest quarter of section 25, the north half of the southwest quarter of the northwest quarter of section 25, the north half of the southeast quarter of the southwest quarter of the northwest quarter of section 25, the west 1-4 of the east one-half of the northwest quarter of section 25, the northeast quarter of the northeast quarter of section 26, all in township 40 of range 31. Commencing one foot north of the southwest corner of lot two (2) in block 11 in the town, now city, of Butler, thence north 21 feet, thence east 130 feet, thence south 21 feet, thence west 130 feet to the place of beginning, being a part of lot two (2) in block 11 in the city of Butler. An undivided one half interest in and to the following described property, one foot off the south side of the north one-third of lot 3 and the middle 25 feet of lot three (3) and 21 feet off of the north side of the south one-third of said lot 3 all in block 10, in the town, now city. of Butler, also all interest in the brick walls on the north and south sides ofsaid tract. Also a part of the northeast quarter of the nor theast quarter of section 22, township 40 of range 31, described as commencing on the northeast corner of the northeast quarter of the northeast quarter of section 22, township 40. of range 31, thence west 240 feet, thence south 30 feet to a beginning point. running thence west 300 feet. thence south 217 1-2 feet, thence east 300 feet, thence north 217 1-2 feet to the beginning point, excepting however a strip 76 feet wide off of the north side of said tract lying and being in the City of Butler, County of Bates and State of Missouri, and that I will on Saturday, July 6th 1907, between the hours of nine o'clock in the forenoon and five o' clock in the afternoon of that day, at the east front door of the court house, in the city of Butler, Bates county, Missouri, sell the same, or 80 much thereof as may be required at public vendue, to the highest bidder for cash in hand to satisfy said execution and costs. C. F. BEARD, 33-ta Sheriff of Bates County, Mo.

19. November 15, 1907 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, November 15, 1907

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Okla., securing all the money and valuable papers in the vault. Dr. Julian F. Thomas, of New York, the Pommern, won the James purchased balloon which the German Gordon Bennett race at St. Louis. Palma in a at President statement the advanHavana called attention to a American rule and took for control of stand tage of permanent Cuba by the United States. men chloroformed Yegg the & station Valley agent of the Fort Wayne road at Upper Sandusky, O., and got away with $100 and 500 raMroad tickets. The president announced the following appointments for the new of Oklahoma: Western district H. Cotteral, judge; bry, and John -John state attorney, Abernathy, John Emmarshal. Eastern district-Ralph E. Campbell, judge; William Gregg, attorney, and Grive A. Porter, marshal. the Silas H. Reid was named judge of district court of Alaska. Vanderbilt has offered the Men's Newport Alfred G. Young Christian be erected association a new building to as a memorial to his father, the late of Cornelius Vanderbilt, at a cost $100,000. The losses by fire in the United States and Canada during the month Jourof October, as compiled by the nal of Commerce, aggregate $13,350,250. Henry E. Warner, of Boston, was ap. pointed receiver of the Arnold Print of works of North Adams, Mass., one the largest textile concerns in the country, by the United States circuit court at Boston. A fire in the Sioux City (Ia.) Journal building caused a loss estimated at between $55,000 and $70,000, with $53, 000 insurance. The editorial rooms and business office were saved. F. J. Tygard, president of the Bates it National bank of Butler, Mo., when failed September 20, 1906, was sentenced to five years in the penitentiary federal by Judge McPherson in the court at Kansas City. Albert Nerzlinger, on trial in St. Louis for blinding Mrs. Lena Wunsch by throwing sulphuric acid in her face, was found guilty by a jury and sentenced to 20 years in the penitentiary, the maximum sentence. An estate of approximately $4,000,000 was disposed of in the will of the late J. S. Polk, capitalist and steel railway promoter of Des Moines, Ia. The large property was equally divid- chiled among the widow and four dren. The threatened general railway strike in Great Britain was averted by an agreement between the railways and the union. The Royal society of Great Britain awarded the Copley medal to Prof. Albert A. Michelson, of the University of Chicago, for optical investigation, W. and the Davy medal to Prof. E. Morley, of West Hartford, Conn. Guy Condit, cashier of the First Na- attional bank of Kingfisher, Okla., tempted to kill himself by slashing his throat. He will recover. Anxiety over financial matters preyed upon his mind. Three arrests have been made at Madrid in the case in which it is charged $53,000 was obtained from the of Bank of Spain through the forging a check. Two of the men are officials of the bank. Attorney General Davidson of Texbehalf of the state of Texas against the filed as on suit alleged Standard subsid- Oil iary concerns of the for company in Texas for penalties forfeitures of charter. The New York banks began preparations to ship all available currency to the northwest to aid the movement of crops. Secretary Cortelyou directed funds that $3,000,000 of government be deposited in St. Paul and Minneapolis banks. The buoyancy of the stock market the ultimate decision of large bankers to reflected New York support Company the two of institutions-the Trust America and the Lincoln Trust com- to pany-which have been subjected United the most severe runs. The States Steel corporation secured a Coal controlling interest in the Tennessee be& Iron company and this, it was the lieved, would aid in relieving banks money stringency. Three small bankers in Kansas closed, and Denver decided to issue scrip. Gen. Horace Porter and Joseph H. Choate, two of the American ambassadors to the recent peace conference Both at The Hague, returned home. entireexpressed themselves as being the conly satisfied with the results of ference. The grand 'jury at Waverly, the Ia., which indicted 14 members of County Medical association, alleging violation of the anti-trust law, report-

20. November 28, 1907 The Butler Weekly Times Butler, MO
Article from The Butler Weekly Times, November 28, 1907

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A census of Harrisonville recently taken, with a view to ascertaining if that town could vote on the local option proposition aside from the county, showed a population of 1,946 and Pleasant Hill about the same, as a consequence those towns will have to submit to be voted with the county. C. G. Weeks, J. P. Edwards and T. J. Smith went to Kansas City Monday, the first two as witnesses in the case of Butler receiver against the Rich Hill bank to collect assessment on stock for the Bates National Bank, formerly held by that bank, but which was transferred before the failure of the Butler institution. # THE HARRISONVILLE GIRLS BASKET BALL TEAM The Harrisonville Girls Basket Ball team came down Saturday afternoon and played the Butler High School girls team on Saturday night. It was a spirited game and the teams were well matched and interest was kept up. Victory perched on the banner of the Butler team by a score of 18 to 13. A large audience witnessed the game. Jackson county, outside of Kansas City and Independence voted on local option last Saturday, and by a vote of 3,399 to 1486 decided to retain the old order of things. The "wets" claimed a victory, while the "drys" claim that the fear of losing the big road fund gained by saloon license was the contributing cause of their defeat. Alva Brown went to Kansas City on Monday to visit friends. If he finds a desirable situation he may conclude to locate there, otherwise he will return to Los Angelos, Cal., about the first of the year where he has a paying position. Alva is a bright, industrious, sober young man and we hope he will find what he wants nearer home. Leon D. Fox, son of Mr. and Mrs. A. L. Fox, of this city, was married on Monday, the 18th, to Miss Ruby Williams, of Cleveland, Okla. The wedding took place in the parlors of Hotel Sutton, in Cleveland, in the presence of relatives and intimate friends. Leon is well known here, having lived most of his life in Butler. While on his way to town Saturday W. I. Reece killed a large snake in the public road 1½ mile north of town. The snake was of the King Rattler specie and measured over 5 feet long. This evidently gives Mr. Reece the distinction of being the last snake story of the season.-Amsterdam Enterprise. Mrs. Ella Kennett, of Kansas City favors us with remittance for renewal. It has been a long time when measured by years, but a short time when considered by the strong attachments made and treasured by so good a woman as Mrs. Kennett, since she was a citizen of our town. Her continued interest in our people is a credit to her and a compliment to her old friends.

21. August 13, 1908 The Butler Weekly Times Butler, MO
Article from The Butler Weekly Times, August 13, 1908

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# Rich Hill Bank Not Liable For # Bates National Stock. St. Louis Globe Democrat, 8th. The Rich Hill Bank of Rich Hill, Mo., is not liable for the $4,000 worth of stock it held in the defunct Bates National Bank of Butler according to an opinion handed down by the United States Court of Appeals yesterday, affirming the finding of the Circuit Court. William J Butler, receiver for the Bates Nat'l brought suit against the Rich Hill Bank, Frank McVey and W. F. Tygard to recover a stockholders' assessment levied by the comptroller of currency, alleging that the Rich Hill Bank owned forty shares of $100 each in the name of Tygard as trustee; that the latter had the stock transferred to McVey, who, the petition alleged, was a farmhand in Tygard's employ and insolvent; that the transfer was made for the fraudulent purpose of avoiding the additional liability in said stock. The Court of Appeals, in affirming the decision of the lower court, states that the petition of the plaintiff failed to allege the insolvency of the national bank at the time of the transfer and asserts that there is no evidence to show that the Rich Hill Bank or its officers had knowledge of the bank's insolvency at the time of the transfer.