9111. Kansas City Safe Deposit & Savings Bank (Kansas City, MO)

Bank Information

Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
savings bank
Start Date
June 13, 1893
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
49355204f8ac6a86

Response Measures

None

Description

Contemporary articles report a run on June 13-14, 1893 (triggered by the suspension of the People's Savings Bank), the bank enforcing its 30-day withdrawal rule to check the run, and then the institution making an assignment/suspending payment on July 11, 1893 with assignees/receivers filing inventories afterward. Officers were later arrested and many indictments followed. This sequence is a run that preceded suspension and permanent failure/assignment.

Events (4)

1. June 13, 1893 Run
Cause
Local Banks
Cause Details
Run began after suspension of the People's Savings Bank in Kansas City; panic among depositors spilled over to this larger savings bank.
Measures
Bank enforced its by-law requiring 30 days' notice for withdrawal (invoked the 30-day rule) to check the run.
Newspaper Excerpt
As a result of the suspension yesterday of the People's Savings Bank, a run was started this morning on the Kansas City Safe Deposit and Savings Bank.
Source
newspapers
2. July 11, 1893 Receivership
Newspaper Excerpt
The assignees of the Kansas City safe deposit and savings bank ... filed an inventory of assets this afternoon. The bank suspended payment three weeks ago.
Source
newspapers
3. July 11, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank made an assignment/suspended payment (insolvency indicated by later inventory showing doubtful real-estate paper and insider indebtedness).
Newspaper Excerpt
The Kansas City Safe Deposit and Savings Bank ... made an assignment this morning.
Source
newspapers
4. August 19, 1893 Other
Newspaper Excerpt
Warrants for the arrest of J. C. Darragh, president of the suspended Kansas City Safe Deposit and Savings bank, and Elmer C. Sattley, its cashier, were issued today.
Source
newspapers

Newspaper Articles (22)

Article from The Times, June 14, 1893

Click image to open full size in new tab

Article Text

morning, precipitated by the failure of the McAgue Savings' Bank yesterday, followed the downfall this morning of the American National Bank, in which the McAgues are largely interested. DETROIT, MICH. June 13.-The State Bank, of Crystal Falls, Mich., has suspended, as a result of the failure of the Plankinton Bank, of Milwaukee. The bank is only a year old, with a capital of $25,000. and deposits of $60,000. KANSAS CITY, MO., June 13.-As a result of the suspension yesterday of the People's Savings Bank, an insignificent institution, with deposits of only $25,000, & run was started this morning on the Kansas City Safe Deposit and Savings Bank.


Article from The Daily Morning Astorian, June 14, 1893

Click image to open full size in new tab

Article Text

BANK FAILURES. Yesterday Contributes a Formidable List of Suspensions. Omaha, Neb., June 13.-The American National Bank was closed this morning by the order of the comptroller of currency. Runs are now in progress on the Globe Loan & Trust Company, the Dime Savings Bank and the Nebraska Savings Bank. No statement of the American bank has yet been made, but the clearing house refused to assist it. A. run of extensive proportions began on the Omaha Savings bank at the opening this morning, and all the morning the bank was besieged with depositors. Senator Manderson and VicePresident Kimball, of the Union Pacific, directors of the bank, made speeches to the crowd, guaranteeing them their money, but the run continued. The American Savings bank and the Dime Savings bank took advantage of the clause allowing sixty days grace on deposites. President McCague of the American National said this afternoon that his bank closed with almost $100,000 in cash, and the exchange in the bank and the mail brought remittances of $20,000 from New York. He said that while adverse circumstances had overtaken the bank, he was positive depositors would be paid in full. The Dime Savings Bank, American Savings Bank and the Globe Loan and Trust Company took advantage of the sixtyday rule, but the other savings banks paid their depositors in full on demand. Kansas City, June 13.-As a result of the suspension yesterday, of the Peoples' Savings Bank, a run was started on the Kansas City Safe Deposit, and the Savings Bank this morning. The bank took advantage of the thirtyday clause, and at noon the run was practically over. None of the other banks experienced a run. Nashville, Tenn., June 13.-The Nashville Savings Bank Company, of which Thomas Semarr is president, and the oldest financial institution in Nashvile, filed articles of assignment tonight. The liabilities are placed at $220,000 and the assets, according to the president's estimate, will pay not more than 25 or 30 per cent. Moberly, Mo., June 13.-The Exchange Bank of Moberly made an assignment today for the benefit of its creditors. No statement has been made yet, but it is believed payments will be made in full.


Article from The Madison Daily Leader, June 14, 1893

Click image to open full size in new tab

Article Text

AT KANSAS CITY. Run on the Largest Savings Bank in Missouri. KANSAS CITY, June 14.-A run was started on the Kansas City Safe Deposit and Savings bank, the largest savings bank in Missouri. Before the doors of the bank were opened people were on hand awaiting to get in, and as soon as the doors opened a rush was made for the paying teller's window. The bank promptly met all claims, but as the crowd grew large and it seemed evident a run was on, the bank issued a notice to depositors that it would enforce the rule requiring 30 days notice of the withdrawal of deposits. The crowd continued to grow large and police were finally called to keep the crowd in check. The action of the board of directors in requiring 30 days notice checked the run, but the crowd continued to grow until 1 p. m., when all evidence of a run had disappeared. The bank is considered perfectly safe, and has already stood two runs in the past two years, one of which lasted three davs.


Article from Richmond Dispatch, June 14, 1893

Click image to open full size in new tab

Article Text

Savings-Bank Runs. [By telegraph to the Dispatch.) OMAHA, NEB., June 13.-There was P. run on every savings bank in the city this morning, precipitated by the failure of the McCague savings Bank yesterday. followed by the downfall this morning of the American National Bank in which the McCagues are largely interested. it was unofficially stated yesterday that the Clearlog-House Association would stand by its members, of which the American National 18 one, but when the assets of the American National Bank came to be examined they were pronounced not good enough. and the aid of the associated banks was withheld. At the Omaha Savings Bank, the German Savings Bank. the American Savings Bank, the Globe Loan and Trust Company, and other institutions there was a steady drain of deposits all day. Cash was paid out 498000 as called for, and there was no apparent limit to 11. Senator Manderson and Vice-President Kimball, of the Intoa Pacine, directors of some of the banks, made speeches to the excited depositors. guarentering them their money, but the runs continued. The Dinne Savings Bank compelled 118 depositors to give sixty days' notice of withdrawal. This action. together with the promptness with which the other banks met all demands, 13 believed to have stopped what almost promised to be a panic. KANSAS CTTY, Mo., June 13.-As a result of the suspension yesterday of the People's Savings Bank. an insignificant institution with deposits of only $25,000. a run was started this morning on the Kapeas City Safe-Deposit and Savings Bank. The bank took advantage of the clause of its by-laws requiring depositors to give thirty days notice of the withdrawal of deposits. That checked the run. and at BOOD it was practically over. None of the other tanks experienced a run. Just why the Kansas City Sate-Deposit and Savings Bank should have been selected for run is a mystery. It 18 the largest and one of the soundest institutions of the kind iu the State, and has the confidence of banks and merchants generally. DETROIT. June The officers of all the savings banks in this city agreed to enforce the time limit upon withdrawals of deposits A run was started this morning upon the People's Savings Bank one of the strongest in Detroit, but the sixty-day notice requirement checked it. The bank officers concur 111 the statement that "It was not for the want of money that are took this action. for we could have secured enough to have paid every depositor, but we did not think this the wisest plan."


Article from The Representative, June 14, 1893

Click image to open full size in new tab

Article Text

Run on a Kansas City Bank. KANSAS CITY, June 14.-As a result of the suspension of the People's Savings bank, an insignificant institution with deposits of only $25,000, a run was started during the day on the Kansas City Safe Deposit and Savings bank. The bank took advantage of the clause of its by-laws requiring depositors to give 32 days' notice of the withdrawal of deposits. That checked the run, and at noon it was practically over.


Article from The Times, July 12, 1893

Click image to open full size in new tab

Article Text

LAND COMPANY FAILS. Receiver for a North Galveston Concern. More Bank Failures. GALVESTON, TEX., July 11.-The North Galveston Land and Improvement Association went into the hands of a receiver yesterday. The liabilities are estimated at $500,000, of which $160,000 is due contractors and various other parties in the city. The assets, lands, town sites and improvements in North Galves. ton, which has a population of about 3,000, and several factories, has had no estimate placed on its value. The court appointed R. A. Reese receiver. The bond is fixed at $25,000. The most distressing feature of the assignment is the impecunious condition of the employes. They have received no wages for several months, and are in absolute want. They and others came to North Galveston under the most flattering inducements. It is believed that the effort of the receiver will be to provide means for their relief. It is thought that by proper management and a let up in the stringency of the money market the company may be able to settle the indebtedness in full. More Bank Failures. KANSAS CITY, MO., July 11.-The Kansas City Safe Deposit and Savings Bank, one of the largest institutions of the kind in Missouri, made an assignment this morning. Liabilities and assets not yet known. SHELBYVILLE, KY., July The banking house of W. T. Thornton & Son failed yesterday. It was the depository for the city, town and township funds. The liabilities are probably $500,000; assets unknown, but may reach half a million.


Article from Burlington Weekly Free Press, July 13, 1893

Click image to open full size in new tab

Article Text

BUSINESS EMBARRASSMENTS. Assignment of the Kansas City Safe Deposit and Savings Bank. KANSAS CITY, Mo., July 11.-The Kansas City Safe Deposit and Savings bank, one of the largest institutions of the kind in Missouri, assigned to-day. The statement places its assets at $2,000,000; liabilities, $1,700,000. The bank was capitalized for $300,000. Its president is J. C. Darragh. It is asserted by the officers that they will be able within 30 days to pay all obligations in full. The bank will go out of business after winding up its affairs. First National Bank, Hot Springs, S. D. Hor SPRINGS, S. D., July 11. - The First National bank of this city has been forced to close its doors. Recent withdrawals of deposits and a general run caused the break. It is thought they will be able to resume in 30 days.


Article from Western Kansas World, July 29, 1893

Click image to open full size in new tab

Article Text

SANE AGAIN. Depositors Returning Their Cash to the Banks. A Mass Meeting of Depositors Only Ask Resumption and Will Take Twelve Months Time Certificates-Many New Accounts Opened. The panic at Kansas City has ceased, and ceased as suddenly as it came, and many people are now lamenting their causeless fright. Many new accounts were opened by the depositors of the suspended banks, and the regular depositors put in more money than they have deposited since the local bank disturbances began. Add to these encouraging facts, the very significant one that nearly $1,000,000 has been received from the eastern correspondents of the local banks, representing a part of eastern balances, and the situation is seen to be very encouraging indeed. One particular assurance of returning confidence is that among the depositors were seen some who had been alarmed on Saturday and withdrawn their money. As an instance of the restored confidence in this city, the depositors of the Kansas City Safe deposit and Savings bank held a meeting at Turner hall and voted confidence in the officers of the bank. The hall was packed with men and women, many of whom were forced to stand up in the aisles. None but depositors were admitted to the meeting. and each was required to show his bank book or certificate of deposit at the doors. It was claimed that there was nearly a full representation of the entire deposits of the bank, representing $1,700,000. The depositors almost unanimously tendered their help to the officers of the bank, asking them to reopen. The chairman appointed a committee of five as representatives of the depositors to confer with the officers and assignees of the Kansas City Safe Deposit and Savings bank and ascertain the practicability of issuing to the depositors time certificates of deposits for a term not exceeding twelve months and to revive the bank. The action of the meeting wrought a marked change in the feelings of the depositors present, and they all felt confident afterward that they would get their money in time. The general impression was that the people had been too hasty in forcing the bank to suspend, and that by using a little judgment and supporting the bank officers in an effort to resume, there would be a better chance of realizing fully upon the bank's assets.


Article from The Herald, August 4, 1893

Click image to open full size in new tab

Article Text

AN INVENTORY OF ASSETS. The Assignees of a Kansas City Bank Make a Statement. KANSAS CITY, Mo., Aug. 3.-The assignees of the Kansas City Safe Deposit and Savings bank, which suspended payment three weeks ago, filed an inventory of assets this afternoon. The total assets are $2,044,217. Many of them, however. are real estate paper of little value. The bank holds as collateral the notes of Cashier Sattley, aggregating $13,400, and notes endorsed by Sattley to the amount of $19,200. The indebtedness of H. P. Churchill, expresident of the bank, amounts to $125,000. W. E. Winner, the promoter, who failed dieastrously some three years ago, is indebted $33,200. There 18 an overdraft standing against the Equitable Mortgage company of New York for $22,000. The Husted Investment company of Kansas City, Kan., and its managers owe the bank $65,000.


Article from The Salt Lake Herald, August 4, 1893

Click image to open full size in new tab

Article Text

AN INVENTORY FILED. The Showing of a Kansas City Safe Deposit and Savings Bank. KANSAS CITY, August 3.-The assignees of the Kansas City safe deposit and savings bank, which suspended payment three weeks ago, filed an inventory of assets this afternoon. Total assets $2,044,217. Many of them, however, are real estate paper of little value. The bank holds as collateral notes of Cashier Satoley aggregating $13,400 and notes endorsed by Sattley to an amount of $19,200. The indebtedness of H. P. Churchill. ex-president of the bank, amounts to $125,000. W.E. Winner, the promoter, who failed disastrously some three years ago, is indebted $33,250. There is an overdraft standing against the Equitable Mortgage company of New York for $22,000. The Husted Investment company of Kansas City, Kan., and its officers owe the bank $65,000.


Article from The Sun, August 11, 1893

Click image to open full size in new tab

Article Text

Praise Is Good For any medicine you hear about. hut to be made well by its use is still better. I have for many years suffered with an irritable itching all over my body. and my left leg swelled and became so sore I had to give up work. Physicians prescribed for me for scrofula. but did not cure me. Hood's Sarsaparilla gave me immeAND diate relief. drove all disease out of my blood and gave me perfect Hood's Cures cure. O. DUNN. 21 Lampson Court. Kansas City, Mo. Hood's Pills cure constipation. Try a box. SEIZURES BY THE SHERIFF. Attachment Against the Equitable Manufacturing and Electric Company. The Sheriff has taken charge of the office of the Equitable Manufacturing and Electric Company at 44 Broadway and the factory at 611 West Thirty-sixth street on an attachment obtained by Cravath & Houston for $29,540 in favor of Wendell Goodwin for money loaned. Cravath & Houston say that the loan was long past due, and the company would not pay it. Cornelius Fellowes, banker and broker. is the President. The company was incorporated several years ago, and had. it is said, a capital stock of $1,000,000. The Sheriff has received an attachment for $8,000 against the Kansas City Safe Deposit and Savings Bank in favor of George K. Gilluly on an assigned claim of the First National Bank of Garden City. Kan.. for money deposited by the latter. The Sheriff's officers succeeded in flnding securities of the par value of $63,000 on deposit with the Equitable Mortgage Company at 40 Wall street. The Sheriff took possession of the securities. which include bank shares. electric light company shares, street railway bonds. and real estate notes. Later in the day the Sheriff received another attachment against the bank for $21,536 in favor of Gilluly on an assigned claim of the Equitable Mortgage Company for balance of deposits. The Sheriff has taken charge of the place of business of Louis H. Malkin. wholesale dealer in boys' clothing at 204 and 206 Greene street, on a confessed judgment for $365 in favor of Louis's brother. Alexander Malkin. for money loaned. Charles F. Kelley has been appointed receiver for the Pasadena Hotel and Cottage Building Company of 239 Broadway in the suit of John S. Forgotston. a judgment creditor. E. v. Machette was President of the company. which is a New Jersey corporation with a capital stock of $200,000. Elbert S. Carman has been appointed receiver of the Rural Publishing Company. Rose and Pearl streets. which publishes the Kural New Yorker and the American Garden. The company has been hard pressed for ready cash for some time past. and some of the creditors took legal action to collect their claims. It is proposed now to dissolve the company. The liabilities. it is said. amount to nearly $60,000. Mr. Carman was formerly secretary of the company. The present company has A capital stock of $140.000. and is a reorganization of a corporation formed in 1873. Deputy Sheriff Young has received an attachment for $2,000 against the United States Tobacco Company. Fulton and Front streets. which was carried on. it is said, by Charles S. Phillips. The attachment is in favor of Esther Buslin for money loaned which she alleges was obtained under misrepresentations.


Article from Fort Worth Gazette, August 20, 1893

Click image to open full size in new tab

Article Text

Bank Officers Arrested. KANSAS CITY, Mo., August 19.-Warrants for the arrest of J. C. Darragh, president of the suspended Kansas City Bafe Deposit and Savings bank, and Elmer C. Sattley, Its cashier, were Issued today. The specific accosation is receiving a depoidt of $1.030 from Benjamin M. Nopher July 7. four days before the bank's failure. well knowing the bank was in a failing condition.


Article from The Sun, August 21, 1893

Click image to open full size in new tab

Article Text

Bank Officials Arrested. KANSAS CITY. Aug. 20.-E. C. Sattley. cashier. and President J.C. Darragh of the suspended Kansas City Safe Deposit and Savings Bank were arrested to-day on warrants charging them with receiving a deposit. knowing the bank to be insolvent. Both men gave $5,000 bonds for their appearance to-morrow.


Article from St. Paul Daily Globe, August 26, 1893

Click image to open full size in new tab

Article Text

BANKERS ARRESTED. Cashier Sattley and President Darragh, of Kansas City, in Trouble. KANSAS CITY, Aug. 25.- When Cashier E. S, Sattley, of the suspended Kansas City Safe Deposit and Savings bank who was arrested last week, waived preliminary hearing this afternoon to the charge of grand larceny in receiving a deposit when he knew the bank to be insolvent, he was immediately re-arrested on three similar Bond was charges. fixed at $5,000 in each case, the same as on the original case making $20,000. Sattley's father-in-law, a banker of Sedalia, Mo., qualified and signed the bonds. Three hundred excited people were at the court house, but there was no demonstration. President Darragh, of the broken bank, was arrested on three additional charges this evening and was also held in $20,000 bonds.


Article from The Washburn Leader, September 23, 1893

Click image to open full size in new tab

Article Text

GRAND LARCENY. Kansas City, Aug. 22.-Warrants for the arrest of J. C. Darragh, president of the suspended Kansas City Safe Deposit and Savings bank, and Elmer C. Sattley, its cashier, were issued to-day. They are each charged with the crime of grand larceny, which is a felony, and the specific accusation is the receiving of a deposit of $1,030 from Benjamin M. Sopher on July 7, last, four days before the bank's failure, "well knowing the bank was then in a failing condition."


Article from The Herald, October 17, 1893

Click image to open full size in new tab

Article Text

Bank-Wreckers in Court. KANSAS CITY, Oct. 16.--James C. Darragh, president of the suspended Kansas City Safe Deposit and Savings bank, and Elmer C. Sattley, cashier, appeared in the criminal court this morning and pleaded not guilty to 22 indictments against them.


Article from San Antonio Daily Light, November 20, 1893

Click image to open full size in new tab

Article Text

Bank Officers on Trial. KANSAS CITY, Mo., Nov. 20.- James C. Darragh, president of the suspended Kansas City Safe Deposit and Savings bank, and Elmer C. Satlee, its cashier, appeared in the Criminal court a month ago and pleaded not guilty to the 32 indictments for grand larceny by receiving deposits in an insolvent institution, which were returned against them by a special grand jury. Each gave bail, with sureties in the sum of $6,000, and their personal recognizances were taken in the sum of $10,500 for reappearance for trial today.


Article from San Antonio Daily Light, December 26, 1893

Click image to open full size in new tab

Article Text

# The Darragh-Sattley Indictments. KANSAS CITY, Mo., Dec. 26.β€”The grand jury recently found twenty-two indictments against ex-President Darragh and ex-Cashier Sattley, of the Kansas City Safe Deposit and Savings bank, which suspended several months ago. This makes forty-nine indictments against each officer to date. The cases are set for trial today.


Article from Pine Bluff Daily Graphic, December 30, 1893

Click image to open full size in new tab

Article Text

Granted a Change of Venue. KANSAS CITY, Dec. 30.-The application of J. C. Darragh and F. C. Sattley, president and cashier of the suspended Kansas City Safe Deposit and Savings bank, indicted for grand larceny, for a change of venue was heard before Judge Wofford of the criminal court at Independence. The defendants in the application for a change of venue had barred 13 counties, declaring that they could not get justice in them. The judge sent all the cases to Livingstone county. They will be tried at Chillicothe some time next spring.


Article from Kansas City Daily Journal, March 28, 1895

Click image to open full size in new tab

Article Text

ASSIGNEE HOLDEN'S REPORT He Expects to Be Able to Pay a Dividend Soon. Assignee H. M. Holden, of the Kansas City Safe Deposit and Savings bank. yesterday filed his fifth term report before Judge Slover in the circuit court. The report shrows that the assignee has since his last report made considerable headway toward getting the great mass of scattered assets into shape to be controlled in a business like manner, and that besides getting taxes paid up to date and many titles cleared of adverse claims he has made an additional gain in the item of cash on hand and now has $64,125.41. against a balance of $55,797.17 as shown by the last report. The report was a long and comprehensive mass of figures as those rendered heretofore have been, covering every transaction had since the last report. Among other things Assignee Holden attached a supplemental inventory of assets unearthed since the last report, amounting to several hundred dollars. Following are some of the sources enumerated in the report from which cash has been realized: From collateral loans, $4.863.40: from real estate loans, $11,755.00; from interest, $826.09; from rents. $736.98; from rents of boxes in vault department, $859.50: from special tax bills, $27.50: from stocks and bonds sold. $1,050.00 from miscellaneous sources. $1,037.39; from sales of real estate, $11,675.00. Appended to the report was the usual recapitulation of the figures given shortly after the bank suspended on July 10, 1893. The total outstanding claims are given at $1,693,565.88. Assignee Holden stated yesterday afternoon that matters were in such shape that he hoped to be able to pay a dividend within a short time. He said a transaction was now about to be consummated which, if nothing occurred to interfere with its suc. cessful termination, would make a dividend possible, but that he did not know when it would be, as he could not tell when the deal referred to would be closed.


Article from Iron County Register, June 20, 1895

Click image to open full size in new tab

Article Text

MISSOURI STATE NEWS. Awarded Damages. In the circuit court at Mexico Mrs. Mary F. Eagleton, of St. Louis, was awarded damages in the sum of $1,450 against George Kabrich, of Mexico, and C. C. Longley, of St. Louis. Mrs. Eagleton brought suit for $5,000 for alleged false imprisonment and malicious prosecution. In January. 1894. she lived in Audrain county and ran a dry goods bill with Kabrich & Longley of $35, and later attempted to leave without settling the account. Mrs. Eagleton was pursued and arrested by an officer, returned to Mexico, and confined in jail on the charge of obtaining goods under false pretenses. Being in & delicate condition she was afterward. under guard, moved to a hotel, where she became a mother. and the charge was withdrawn. The trial lasted two days. The verdict. jury was four hours deliberating upon the How Farmer Barnard was Robbed. David A. Barnard, who lives near Macon, was robbed of $85 and a certified check for $500 the other day. Barnard was on a train, and was approaching Kearney. He had been talking to Pearl Rodgers, aged 19, of Kansas City. As Rodgers got up to leave the train. he put his arm around the old farmer's neck and told him to try and get him a job, as he was an orphan. The pecketbook was slipped from Barnard's inside vest pocket. Rodgers was seen to run rapidly away. and. being suspected by officers of doing something wrong, was pursued and captured after a long chase. The check and money were recovered. Too Bad. Mr. and Mrs. A. H. Horn, of Steelville, went outing a few days ago, and it proved a very sad affair. Mr. Horn placed a loaded-shotgun against a ledge, and Mrs. Horn knocked it down. the charge entering her side. Mr. Horn ran for assistance. and on his return found his wife stil alive. In the presence of those who returned with him she kissed him good-by, sent messages to friends, narrated how the accident occurred and said her husband was not to blame. She died in two hours. In a few weeks she would have become a mother. Mrs. Horn was Miss Minnie Davis. a teacher in the public schools. and she and her husband, both young, were popular. Bank Directors Exempt. Judge Broaddus, in the circuit court at Liberty, decided in the case of C. A. Stevenau against the directors of the Kansas City Safe Deposit and Savings bank, which failed in 1893, that the attachments run by depositors on the property of the bank directors are invalid. Eight thousand depositors, holding claims against the bank, are thus without recourse at law. Killed His Son-in-Law. An old feud which had been kept alive several years between Joe Peters and his son-in-law, John Dudley, two farmers near Seymour, terminated the other day in a row over a load of hay. Peters drew his knife and stabbed Dudley four times. Dudley died the next morning. Peters is under arrest. Gov. Stone's Appointments. Gov. Stone has appointed R. C. Culver to be judge of the criminal court of St. Joseph; Thomas H. Ryan. police commissioner of the city of St. Joseph, to succeed himself, and Dr. E. A. Donelan, a member of the Missouri fish commission, in place of H. M. Garlichs, removed. A Human Torch. Henry Schwartz was fatally burned in Kansas City by gasoline exploding. He ran several squares with his clothes aflame, jumping from a second-story window. Only three weeks before Schwartz married his sweetheart, who came from the old country. His Identity Revealed. Ben Myers, arrested for participation in Chicago & Alton hold-up in which Engineer Frank Holmes was killed, near Carlinville, Ill., proves, it is said, to be Bernard Reinagel, of Manchester, St. Louis county, and well connected. Elocutionary Contest. The Epworth league of Centenary Methodist church, south, of Nevada, will give an elocutionary contest August 28, for a $125 gold and diamondset medal. The contest is open to all


Article from The Herald, November 27, 1895

Click image to open full size in new tab

Article Text

Poor Show for Dividends KANSAS CITY, Mo., Nov. 26.-Howard M. Holden, assignee of the Kansas City Safe Deposit and Sa vings bank. filed an intervening petition in the United States circuit court today, in litigation pending between the New York Security and Trust company and the Equitable Mortgage company. The petition asks the court to declare the Equitable Mortgage ccmpany indebted to him in the sum of $148,786 on account of securities held by the Kansas City dafe Deposit and Savings bank at the time of the failure. The suit is an effort on the part of the receiver to raise something for depositors upon the thousands of dollars of worthless securities which Darragh & Sattley lent money on.