9135. Missouri National Bank (Kansas City, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4494
Charter Number
4494
Start Date
December 1, 1896
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
2a0826d9e56c2812

Response Measures

Capital injected, Full suspension, Books examined

Other: Comptroller (national bank examiner H. A. Forman) took possession; a receiver was later appointed and plans for reorganization/new capitalization were pursued.

Receivership Details

Depositor recovery rate
74.0%
Date receivership started
1896-12-03
Date receivership terminated
1902-06-23
OCC cause of failure
Losses
Share of assets assessed as good
35.7%
Share of assets assessed as doubtful
50.5%
Share of assets assessed as worthless
13.8%

Description

Multiple contemporary articles report heavy withdrawals (a $50,000–$80,000 withdrawal by a principal depositor) that precipitated a run and the bank's closing on Nov. 30 / Dec. 1, 1896; the Comptroller/national bank examiner took charge. Reorganization was discussed but later Comptroller Eckels refused a proposed reorganization (Apr 1897) and a receiver (T. B. Wallace / Theodore Wallace) administered the failed bank; criminal suits followed. Thus a run led to suspension and permanent failure/receivership.

Events (6)

1. December 30, 1890 Chartered
Source
historical_nic
2. December 1, 1896 Run
Cause
Bank Specific Adverse Info
Cause Details
Large withdrawal by a principal depositor (Heim/Heim Brewing Co. withdrew $50,000–$80,000), followed by other heavy withdrawals amid director dissension and slow collections.
Measures
Bank directors closed the bank; National bank examiner H. A. Forman / the Comptroller took charge; notice posted 'by order of the directors... in the hands of the Comptroller.'
Newspaper Excerpt
This action was precipitated by the withdrawal of $50,000 by one depositor whose action was quickly followed by others.
Source
newspapers
3. December 1, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Following heavy withdrawals and reported slow collections and dissension among directors, the bank was closed and placed in the hands of the Comptroller/national bank examiner.
Newspaper Excerpt
By order of the directors this bank has been closed and is in the hands of the comptroller.
Source
newspapers
4. December 2, 1896 Other
Newspaper Excerpt
The Bank of Westport, which kept its account with the Missouri National bank, has suspended. The failure of the Missouri National bank caused a run on the Westport bank and fearing another run to-day it was decided to close . . . . (reports of contagion to a correspondent bank).
Source
newspapers
5. December 3, 1896 Receivership
Source
historical_nic
6. February 15, 1897 Receivership
Newspaper Excerpt
Receiver T. B. Wallace was in Chicago yesterday, partly for the purpose of holding a consultation regarding the reorganization of the bank with Comptroller Eckels . . . . (discussing reorganization plans).
Source
newspapers

Newspaper Articles (22)

Article from The News & Observer, December 1, 1896

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THE M'KINLEY WAVE. It Rolls in From all Parts on the "Great Tide of Prosperity." Kansas City, Mo., Nov. 30.-The Missouri National bank closed its doors this morning. This action was precipitated by the withdrawal of $50,000 by one depositor whose action was quickly followed by others. Two causes are assigned for the suspension. One is slow collections, the other reason and the prime reason was that there has been dissension among the directors. These were of such character that they finally led to a clash with the government and it was thought best to close the doors of the bank and have things straightened out.


Article from Kansas City Daily Journal, December 1, 1896

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NO OCCASION FOR ALARM. The Failure Will Not Affect Other Banks and Should Not Cause Withdrawal of Deposits. President W. H. Winants, of the Clearing House Association, said yesterday: "The failure of the Missouri National cannot possibly affect any member of the Clearing House Association. The association has received no official news of the failure at all. I do not understand why the officials of the bank did not apply for assistance, which would have been readily given. I have no information as to the condition of the bank, but the failure cannot have any bad effect whatever upon the other banks of the city that are members of the Clearing House Association. There is no cause for uneasiness and I have not seen any evidence that there was any uneasiness." W. O. Cox, president of the Kansas City State bank, said The failure of the Missouri National bank will have no Jisadvantageous effect upon the other banking institutions of the city. They are all secure, whereas the Missouri bank has been unstable for years. Any bank in the city that has good collateral, and as far as I know they all have, will have no trouble in raising all the money it needs. I don't think there has been anything like a general withdrawal of private deposits from the other banks to-day; in fact, I haven't heard of a single case. I presume, however, that a nervous person here and there, with a few hundred dollars in some bank has taken it out and will hold it awhile until he gets to be afraid someone will rob him, and then he will put it back." William H. Seeger, cashier of the Citizens' National bank. said last night: "There is not the slightest reason for any alarm or uneasiness among the people or in financial circles as a result of the failure of the Missouri National. The only effect we perceived to-day was an increase in business by reason of securing some additional customers. This, I believe. will be the only effect produced at all in financial circles. I should not have known that a failure occurred if I had not been personally informed of the fact. I do not understand why the bank did not apply for assistance, which would have been cheerfully rendered. As to the condition of the suspended bank. I of course know nothing. But I can say that any uneasiness regarding the condition of other financial institutions or as to the effect of this failure upon them, is entirely unfounded." "The closing of the Missouri National bank will in no way affect any of the other banks: at least, we are not anticipating any run," said J. G. Stream, cashier of the Metropolitan National bank, which is just across the hall in the New York Life building from the Missouri National. "If a run should be made on us we are fully prepared to meet the demands of our depositors. Yesterday afternoon, after the closing of the Missouri National, our receiving teller was much busier than the paying teller. In fact. many new accounts were opened with persons who came to make their deposits in the Missouri National and, finding the doors closed, stepped across the hall and made their deposits with us."


Article from Pine Bluff Daily Graphic, December 1, 1896

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TELEGRAPHIC NOTES. Important Events That Transpired Throughout the Country Yesterday and Last Night. The shoe factories of Lyan, Mass.. have announced a cut in wages of employes. * * * The operators of 200 looms at Lanchester (Mass.) mills have gone but on a strike. * * * Gen. Diaz takes the oath of office as President of Mexico today, making five consecutive terms he has held that position. *** Traffic on the Great Northern railroad, which was suspended on account of the blizzard which swept across the Northwest, has been resumed. +++ The Zenas Varnes carriage factory at St. Louis, was partially destroyed by fire last night. Loss estimated at $100,000. *** An effort is being made to settle the dockers' strike by arbitration. The strike is doing great damage to he shipping interests. * * * An ice gorge in the Chippewa river, near Eau Claire, Wis., caused an overflow and people were forced to flee for their lives. Many were frozen and much property was destroyed. + # + The First National Bank of Tyler, Texas, IS now defunct. It went to the wall yesterday morning. The capital was $200,000 with a surplus of $40,000. It is claimed that all depositors will be paid in full. *** The Missouri National Bank of Kansas city closed its doors Monday, owing to the heavy withdraws of one of its depositors. who drew out $50,000 in one lump. His action was quickly followed by others. H. A. Forman a national Bank examiner, of St. Louis, is now in charge of the bank.


Article from Pine Bluff Daily Graphic, December 1, 1896

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BANK DOORS CLOSED. Missouri National Goes Under at Kansas City. RUINED BY HEAVY WITHDRAWALS A Wealthy Brewer Draws Out $50,000 In One Lump and Other Depositors Follow His Example-The Institution Was Considered Strong and the Deposits Amounted to $1,561,000. KANSAS CITY, Dec. 1.-The Missouri National bank closed its doors this morning owing to heavy withdrawals of some of its principal depositors. The deposits are $1,500,000. but a statement of the bank's assets and liabilities are not yet obtainable. The bank was classed as one of the strongest in the southwest. Shortly after 11 o'clock the following notice was placed on the door : "By order of the directors this bank has been closed and is in the hands of the comptroller." This action was precipitated by the withdrawal of $50,000 in one lump by Heim, the wealthy local brewer, whose action was quickly followed by others. The fir ; statement issued by the bank showed deposits of $1,561,000 and cash and exchanges amounting to $546,000. Its officials are D. V. Reiger, president and D. R. Covington, cashier. In the panic of July, 1893, the Missouri National was one of the other local institutions to go under, butitsoon reopened. The bank had been open for just an hour when the comptroller took charge of its affairs. The closing came as a surprise to even the officers. They were thoroughly disconcerted by the action, and too much excited to make a statement. The same surprise was evinced everywhere, other banks even believing the Missouri National had regained its prestige and was in a flourishing condition. No fears are expressed by other leading bankers that the failure will spread.


Article from The Roanoke Daily Times, December 1, 1896

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ANOTHER BANK GONE. This Time the Missouri National Closes Down at Kansas City. Kansas City, Mo., Nov. 30.-The Missouri National Bar k closed its doors this morning. This action was precipitated by the withdrawal of $50,000 by one depositor, whose action was quickly followed by others. Two causes are assigned for the suspension. One is slow collections; the other reason, and the prime reason, was that there have been dissentions among the directors. These were of such character that they finally led to a clash with the government and it was thought best to close the doors of the bank and have things straightened out.


Article from Daily Independent, December 1, 1896

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More McKinley Prosperity. KANSAS CITY, Mo., Nov. 30.-The Missouri National Bank closed its doors this morning owing to heavy withdrawals by the principal depositors. The deposits are $150,000. The bank was classed as one of the strongest in the southwest. The following notice was placed on the door: "By order of the directors, this bank has been closed, and is in the hands of the Comptroller." This action was precipitated by the withdrawal of $50,000 in one lump by Heim, a wealthy local brewer, whose action was quickly followed by others. The last statement issued by the bank showed deposits of $1,561,000 cash, and exchanges of $546,000. In the panicof July, 1893, the Missouri National was one of the local institutions to go under, but it soon reopened, The bank had been open today just one hour when the Comptroller took charge. The officers were too excited to make a statement.


Article from The Houston Daily Post, December 1, 1896

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BANK DOORS ARE CLOSED. The Missouri National of Kansas City Goes to the Mall. OVER ONE MILLION IN DEPOSITS Wrangling Among the Directors the Chief Cause - The First National of Tyler, Texas, Also Fails. Kansas City, Mo., November 30.-The Missouri National bank closed its doors this morning owing to heavy withdrawals of one of its principal depositors. Deposits are $1,500,000, but a statement of the bank's assets and liabilities are not yet obtainable. The bank was classed as one of the strongest in the West. Shortly after 11 o'clock the following notice was posted on the door: "By order of the directors this bank has been closed and is in the hands of the comptroller." This action was precipitated by the withdrawal of $50,000 in one lump by Mr. Heim, the wealthy local brewer, whose action was followed by others. The last statement issued by the bank showed deposits of $1,561,000 and cash exchanges amounting to $546,000. Its officials are: H. V. Rieger, president: D. R. r Cowington, cashier. In the panic of July, 1893, the Missouri National bank was one of the Institutions to go under, Lut it soon re-opened. The bank had been open today r for just an hour when the comptroller took charge of its affairs. The officers were thoroughly disconcerted by the action and r too excited to make a statement. e The surprise was great, other banks bea lieving the Missouri National had regained its prestige and was in good condition. No fears were expressed by other leading bankers that the failure would spread. Absolutely no figures of assets or liabilities are obtainable. This afternoon the officials flatly refused to make a statement regarding the bank's condition or whether it would likely resume business. The general opinion, however, is that .he second failure will ultimately end in the Lank winding up its affairs. Two causes are assigned for the suspension. One is slow collections. The other n reason, and the prime reason, was that there has been dissension among the directors. 8 These were of a character that they fin= ally led to clashing with the government, and it was thought best to close the doors of the bank and have things straightened 11 out. The latter statement was confirmed e by President Rieger this atternoon. 3 "I have little to say." he said to a reporter, "except that there IN no doubt whatdi ever that depositors will get every dollar


Article from The News & Observer, December 2, 1896

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"THE WAVE" IN WESTPORT. Kansas City, Mo., Dec. 1.-The Bank of Westport, which kept its account with the Missouri National bank, has suspended. The failure of the Missouri National bank caused a run on the Westport bank and fearing another run to-day it was decided to close. The assets are placed at $31,500; the liabilities at $20,000. NEXT! New York, Dec. 1.-The reported assignment of Herman Bindseil, dealer in fur garments, at 816 Broadway, show liabilities of $54,871: nominal assets, $47,251; actual assets, $20,334.


Article from Kansas City Daily Journal, December 2, 1896

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QUESTION OF RESUMPTION. CONSIDERED BY MISSOURI NATIONAL BANK DIRECTORS. Final Action Deferred Until Another Meeting-Examiner Forman Has Not Completed His Statement of the Assets and Liabilities. The question of a reorganization of the for Missouri National bank was discussed the several hours yesterday afternoon by directors and several of the outside stockholders, and it will receive attention action again to-day, but there will be no final until taken with reference to that subject some of the heaviest stockholders from out of the city arrive. The formal discus- in sion of the subject yesterday resulted showing that many of the stockholders were not at all averse to a reorganiza- an tion and were quite willing to stand assessment sufficient to take up every claim against the bank and start without a cent a due to any one. With others there was of disposition to wait until some plan was organization was suggested, but there to who expressed himself as opposed of none plan. For that reason the prospect reorganization any is not discouraging. National Bank Examiner Forman, getting who is in charge, was busy yesterday as matters straightened out as rapidly and possible. He was seen during the day in said there was nothing whatever new not bank's affairs and that he had and completed the his statement of the assets days. liabilities and might not for several and was busy with other matters it. He would attend to that when he reached Until the statement of the bank's con- to is made public there is no way has know dition the exact situation. The bank legal hand, however, more than the lot of on in cash and it carried a nice into reserve that can be easily be turned it paper on short notice, so that in case would cash into the hands of a receiver it goes to declare a big dividend. possibly bank be ready cent, within a short time. statement The 50 per while making no formal in sayofficers, the condition of the bank, unite holds is of that much of the paper it and ing and its assets are all right first-class sufficient to meet all obligations they quite carefully handled. They admit is slow. when accumulated some paper that contend have banks do that, but the officers be All have not allowed themselves to that they and they have no paper overloaded cannot be realized on nicely with proper management. President Rieger said: and "I give proYesterday to remain here in the bank the pose entire time to assisting in carrying every my of settlement forward so that at as work may secure full payment faith depositor a date as possible. I have do full not inearly value of our assets and had in the the depositors shall suffer. They to tend in the bank and its ability not be confidence and that confidence shall repay, I have no statement to make bank. abused. the definite condition of the who is garding come from the examiner I do, I It must charge. Knowing the assets as ample in hesitate to say that they are As to do meet not the obligations of the bank. that has to reorganization of the bank, myself, I the been determined on. For way. not retire from the business. any twentyshall been in the business for I two have years and do not care to continue longer in it." of the business men who carried any None in the bank has met with banks deposits hardships from the closing, as other of them stepped in and taken care have also have The other banks against promptly. to depositors their claims would stated closed bank were good and they This is the them and wait for dividends. feel help indication of what other banks value an concerning the closed bank and the of claims held against it. the of the other banks in the city ex- its None any trouble yesterday from Missouri perienced and the closing of the the usual depositors did not interfere with National of business. The other banks are run amply fortified with cash.


Article from The Roanoke Daily Times, December 2, 1896

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ANOTHER BROKEN BANK. Kansas City, Mo., Dec. "1.-The Bank of Westport, which kept its account with the Missouri National Bank, has suspended. The failure of the Missouri National caused a run on the Westport Bank, and fearing another run to-day it was decided to close. The assets are placed at $31,500; the liabilities at $20,000.


Article from The Seattle Post-Intelligencer, December 2, 1896

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Failure Caused by Missouri National. Kanses City, Dec. 1.-The Bank of Westport, which kept an account with the Missouri National. which failed yesterday, has suspended for the benefit of the credftors. The failure of the Missourt Nationat caused a run on the Westport bank. The assets are placed at $31,500; liabilities about $20,000. The assets include $27,500 of accounts and bills receivable and $2,000 cash. Cashier Edward F. Phillips expressed the opinion that the depositors will be paid in full.


Article from The Saint Paul Globe, December 2, 1896

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JAMESON, HEVENER & CO., WHOLESALE DEALERS IN Flour, Feed, Grain, Hay, Etc. Northwestern Agents for PILLSBURY'S BEST FLOUR. State Agents for Griswold Broi.' Hay Bale Ties. Write 1.5 for prices, 181, 183 and 185 East Sixth St., St. Paul. ezuela message. From that moment on railway earnings declined, SO that earnings in second half of December will compare with poor earnings 0 last year. The Vanderbilts are buying Omaha and any future favorable developments on this property will help the Northwest. Some stocks today touched the lowest level they have reached since election. The decline was arrested by purchases to cover shorts. An attack was made on Manhattan on the publication of an article which was construed as bearish, but the stock was well taken, and short interest in this stock was no doubt again increased today. QUIET AT KANSAS CITY. KANSAS CITY, Dec. 1.-President D. v. Rieger, of the Missouri National bank, still declines to make a statement of the bank's condition. Bank Examiner H. A. Forman reiterated a previous statement that he had nothing to disclose. Several stories of money loaned on boom-valued land that is not worth the mortgage are in circulation on the street, and some business men give their opinion that the bank will pay anywhere from 50c to 80c on the dollar. The situation at other banks is quiet, BANK CLEARINGS. NEW YORK, Dec. 1.-Bank clearings, $140,260,482; balances, $8,933,599. Boston, Dec. 1.-Clearings, $25,922,199; balances, $2,800,324. NEW YORK MONEY. NEW YORK, Dec. 1.-Money on call easy at 2@2½ per cent; last loan, 2½; closed at 2@21/2. Prime mercantile paper, 4@5. Sterling exchange steady, with actual business in bankers' bills at $4.86%@4.87 for demand and $4.831/2@4.834 for sixty days. Posted rates, $4.831/2@4.841/2. Commercial bills, $4.821/4. Bar silver, 651/gc. Silver certificates, 651/s@65%. CHICAGO MONEY. CHICAGO, Dec. 1.-Money steady at 6@7 per cent. New York exchange, 60c premium. Foreign exchange firm; demand, $4.87; sixty days, $4.84. FOREIGN FINANCIAL. NEW YORK, Dec. 1.-Evening Post's financial cablegram: Except for foreign stocks, the markets were inanimate. Americans were dull. Louisville and St. Paul were firm, however, and street prices were good. The Paris bourse was good. The settlement is going on smoothly SO far. NEW YORK FAILURES. NEW YORK, Dec. 1.-Louis B. Hasbrouck has been appointed receiver for Bischoff & Adler, cloak manufacturers, on application of the National Park bank, a creditor for $14,864. Smith & Gaylor, manufacturers of blinds, doors and trimmings, have made an assignment to J. S. Davenport, without preferences. TREASURY STATEMENT. WASHINGTON, Dec. 1.-Today's statement of the condition of the treasury shows: Available cash balance, $225,357,098; gold reserve, $131,510,352. STOCK BROKERS INSOLVENT. BOSTON, Dec. 1.-Gale & Felton stock brokers of this city, have been declared insolvent, and their stock was sold under the rules by the stock exchange this afternoon. This firm has been one of the largest dealers in Bay State Gas, and it is believed that their failure is a result of the recent squeeze in that stock. No statement of the firm's liabilities and assets can be obtained at present. FORCED TO SUSPEND. KANSAS CITY, Dec. 1.-Today the Bank of Westport, which kept its account with the Missouri National bank, which failed yesterday, suspended. The failure of the Missouri National caused a run on the Westport bank, and, fearing another run today, it was decided to close. The assets are placed at $31,500; the liabilities at about $20,000.


Article from San Antonio Daily Light, December 2, 1896

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CAUGHT IN THE CRASH. Kansas City, Mo., Dec. 1.-The bank of Westport, which kept its account with the Missouri National bank, which failed yesterday, suspended this morning for the benefit of its creditors. The failure of the Missouri National bank caused a run on the Westport bank and fearing another run today it decided to close. The assets are placed at $315,000; liabilities at about $200,000.


Article from Abilene Weekly Reflector, December 3, 1896

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FORCED TO CLOSE. Missouri National Bank at Kansas City Compelled to Suspend. KANSAS CITY, Mo., Dec. 1.-The Missouri national bank closed its doors at 11 o'clock yesterday morning, at which hour it was taken possession of by H. A. Forman. of St. Louis, national bank examiner, who for the past two weeks has been here looking into the condition of the bank. The bank was organized in 1891. and had about 2,500 depositors and over $1,000,000 on deposit. W. V. Rieger is president and ex-Mayor Henry C. Kumpf vice presiient. The immediate cause of the closing of the bank was the withdrawal of $80,000 by the Heim Brewing Co., the bank's heaviest lepositor. A number of other depositors who were posted on the condiion of the bank and knew that its :ash on hand was lowered to the danrer point by heavy withdrawals had been quietly checking their money out 'or several days past. The bank had 'or a long time carried the heavy deposits of the brewers of Kansas City, and had also carried heavy balances 'or grain brokers and other heavy traders. Its line of trade was irst-class, and its balances, as shown in its statements, were arge. There probably never was a bir bank failure that caused less commotion than the failure of yesterday, although the public was taken completely by surprise. It did not cause a semblance of a run on any bank in the city, the only effect that was noticeable being a few new customers who had been doing business with the defunct bank. who hunted up a new place for deposits and opened accounts President Rieger, Cashier Covington and Examiner Forman stated that they were firmly convinced that every depositor of the bank would get 100 cents on the dollar. Among the heavy stockholders of the bank are Maj. Calvin Hood, of Emporia, and C. J. Lantry, of Strong City, Kan.


Article from The Penn's Grove Record, December 4, 1896

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NEWS THROUGHOUT THE COUNTRY North, East, West and South. Kearney P. Speedy dived from a viaduct, 81 feet high, into a river at Cleveland, o., and was uninjured. George E. Ross, money clerk at Kansas City, Mo., for the Pacific Express Company has mysteriously disappeared. A gasoline tank exploded on the pleasure boat Pilot, at Cairo, III., fatally injuring Captain Mitchell and T. C. Bryan. A man and woman were found lying dead in a pool of blood on a sidewalk in Indianapolis. It is believed that the man shot the woman and himself. An original Murillo is said to have been found in New York. It is alleged to have been brought from Mexico by one of Scott's soldiers in 1847. Rev. James Miller, of Bloomington, grand prelate of the Illinois Commandery, Knights Templar, was found murdered in the treets of Decatur. III. Dr. Roberts, of St. Louis, claims to have obtained remarkable results in aiding the blind to see by the aid of the X-ray. A man named Dennis Dwyer was arrested in New York on suspicion of being guilty of numerous fires in letter boxes. Montreal advices say that Canadian manufacturers are appealing to the Tariff Commission for protection and 3 ower duties on raw materials. Three hairs found in the grasp of Charlotte Sanderson, murdered on Coney Island Marsh, on October 28, have 1ed to the arrest of George Buckley, a neighbor. Albin Pfeilschmied was arrested in New York and held for extradition, on the charge of passing forged notes in Zurich, Switzerland. A suit begun in San Francisco discloses the existence of a correspondence with the late Senator Fair, which is said to contain the history of the famous "Comstock" lode. The acquisition of the Roanoke & Southern Road by the Norfolk & Western, is said to mean ultimately a new line into Atlanta. Frank Doherty, suspected of the murder of Captain Mulligan, at Saugerties, cut his throat with a piece of glass at Kingston, N. Y. Helena advices say that street care are tied up with snow, and that the thermometer is as low in parts of Montana as 30 below zero. Official notice has been received at Washington of the coalition of the three governments of Nicaragua, Honduras and Salvador into one union called the Greater Republic of Central America. Dr. George B. Fowler, of the New York Board of Health, is agitating in favor of the abolition of leper colonies in the United States and the release of 4 their inmates. Walter M. Castle, of San Francisco, arrived in New York with his wife and child. Mr. Castle gave out statement relating to the charges of shoplifting and the imprisonment of his wife in London. The fertilizing plant of Treston & Sons, at Biissville, L. I., was destroyed by fire and $200,000 worth of machinery was lost. It 18 announced in New York that the Hamburg dock laborers' strike has given an impetus to the organization of the same class of laborers in this country. Lord Aberdeen has recommended Premier Laurier, of Canada, for knighthood by the imperial authorities, according to Ottawa advices. It is announced that a German syndicate has purchased a group of mines in the Houghton, Mich., copper region. The Leadville miners have issued a manifesto to the Governor and the citi5 zens on behalf of the strikers. An entire family, consisting of the father, invalid mother and three small children, were c insumed in a burning house at Perry, N. Y. An insane farmer in Marion, O., blew his wife's head off with an old musket and then shot himself dead. Horace L. Stearns, a wealthy citizen of Perryville, 0,, was shot dead, the murder growing out of a lawsuit in which Stearns was the attorney for the successful party. Experiments were performed in Boston on Dr. Cooke, whose eyes have no retinas, in which, by means of x rays, the blind man experienced, new sensations, probably of light. Keeper White, of the New York Morgue, has been suspended pending an investigation as to the disappearance of threebodies from the Morgue of which one has been returned. The Indians of Red River and Eagle Counties, Tex., came to blows over a ball game, two being killed and many sustaining injuries, some of which 1 may proval fatal. The Missouri National Bank of Kansas City closed its doors. L. J. Williams, a State officer, killed J. V. White and fatally wounded S. D. White, brother, who attacked him with knives at McCormick, S. C. Pomposo Ramos Rojo, a leader of the band of revolutionists who recently attacked the Mexican Custom House at Palomas, has been captured in Las Cruces, New Mexico. Baltimore's 31 per cent. loan of $500,000 was subscribed fourteen times over. Post Chaplain Malnor C. Blaine, U. 8. A., was burned to death with his daughter by the destruction of their house at Fort Ringgold, Tex. A Chicago physician avers that he has succeeded in sending photographs by wire by the use of the X Rays. William Steinway, the piano manufacturer, died at his home in New York city.


Article from The Cambria Freeman, December 4, 1896

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Another Bank Goes Under. KANSAS CITY, Dec. 2.-The bank of Westport, which kept its account with the failed Missouri National bank, has suspended. The failure of the Missouri National caused a run. The assets are placed at $31,500; the liabilities at about $20,000.


Article from Morris Tribune, December 16, 1896

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FINANCE AND TRADE. The Harlan (Ia.) State bank has failed. Iron ore has been discovered near Niles, Mich. Thr greatest oil well in Ohio has been found near Findlay. A new anti-trust nut and bolt works will be built at Anderson, Ind. Negotiations for the reorganization of the Missouri National bank at Kansas City are in progress. A receiver has been appointed at Topeka, Kan., for the celebrated silver statue of Ada Rehan. Thomas A. E. Weadock has been appointed receiver of the First National bank of East Saginaw, Mich. St. Louis is enjoying a boom in the shoe trade. Factories are running full time and with increased forces. Sioux City is to have direct telephone connection with New York and Boston as well as the Twin Cities and Kansas City. The National Bank of Commerce of Duluth has suspended. Failure to ınake any money dictated the action of the direçtors. The directors of the Western Union Telegraph company, have declared the regularly quarterly dividend of 11/4 per cent, payable Jan. 15. Statistics compiled by the crop department of Iowa show loss of over 30 per cent of all the hogs in Iowa by cholera, the per cent being from 1 to 77 in the different counties. The loss in money is given at $15,000,000. Official figures make the total iron ore output of the Lake Superior mines for the year 6,663,389 gross tons. Of this amount the Mesaba range shipped 2,893,300 tons; Marquette, 2,468,451; Gogebic, 1,698,956; Menominee, 1,514,857 ; Vermillion, 1,087,861.


Article from The Topeka State Journal, February 15, 1897

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"TVNOILVN MEN 03 Calvin Hood Will be President and Charles Lantry Cashier. : (From Saturday's Kansas City Journal) J If success, which now seems assured, $1 crowns the efforts to reorganize the Il Missouri National bank, an entirely : new bank will rise under a new name, officered and managed by new men, 7 backed by ample capital and starting X out with clean books. *1 When the new bank is organized as a in result of the meetings of stockholders B and depositors to be held early next L. week, it will be Calvin Hood, of Emporia, Kas., as president; Charles J. L. 5 Lantry, of Strong City, Kas., as cash1 ier and H. P. Clark, as assistant cash00 ier. Old management and methods will p be done away with, and new men and methods will take their places. u As has already been announced a o meeting of the stockholders of the Miso souri National will be held at 2 o'clock Il Monday afternoon to discuss and vote J upon the plan of reorganization which a has been approved by Comptroller Eckels. This plan as well understood, 1 means simply the wiping out of exisA tence of all stock of the old bank and p the sale of 75 per cent of the assets of p the old bank to the men who will go 0 into the new organization. Those of the old stockholders who do not go into J the reorganization will no longer have any interest in the bank and this, in all u probability, means the retirement of p D. V. Reiger, Henry C. Kumpf, Paul S Covington and others who were activep ly connected with the management of the old bank. p Speaking of the stockholders' meet7 ing, Mr. H. P. Clark, who for a short time was assistant cashier and who is A slated for that important position again S said yesterday: "The $250,000 of the a capital stock of the bank is held by 120 u stockholders and at the meeting MonA day the vote of the holders of two0 thirds of the stock must be cast in favI or of the proposition to liquidate and 71 reorganize for it to carry. A canvass p of the situation makes it certain that u p the new proposition will be approved a and that a new bank will be organized. a Of course, this must first be ratified by B a majority of the depositors and after u that must be approved by Comptroller Eckels, but it is believed there will be no opposition from the depositors and that the reorganization will be readily . approved by the comptroller, if the suggestions made by him are carried u out. The main idea, of course, is to do away with the expense of a receiver and to accomplish that the stockholders 4 a and the depositors must agree upon a plan of settlement. As soon as the is stockholders and depositors have reached an agreement a charter will e of be applied for. It will be an entirely new bank, under a new management and with a new name, but it has not yet been christened." e Sam B. Hough, speaking for the deJ positors' committee, said: "I believe 18 the plan of reorganization which has 71 been proposed will be ratified by both u I the stockholders and depositors. know that a majority of the orginal u depositors are in Yavor of the plan, but 71 there is some fear that certain parties, p who were never friendly to the Missouri -1 National, and who would just as soon there would not be another new and e strong bank started here, may try to e) defeat the plan by buying up enough A claims of depositors to defeat the rate ification of the proposition when it comes to a vote. I hardly think, myin self, that there is anything in this. but at strange things sometimes happens in Kansas City banking circles, and you can't always tell. The meeting of the S! depositors will be held early next week, at but the day has not been set and will not be until after the stockholders' -1 meeting on Monday." SE Receiver T. B. Wallace was in ChicaII go yesterday, partly for the purpose of J holding a consultation regarding the p reorganization of the bank with Compis troller Eckels, and partly to look after u the valuable Omaha building in that n. city, which is a part of the assets of the Ja Missouri National. Mr. Lantry will arrive in Kansas City this morning and will meet with sever: or al local capitalists, who have promised to take good blocks of the stock in the et new bank. When the stockholders meet on Monday those who control an ample majority will have fully deterS mined on just how they are going to -$ proceed. A Professor Blackmar, of the Kansas


Article from Vilas County News, April 12, 1897

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LATE TELEGRAMS CONDENSED -Amined Dowleh has been appointed president of the Persian council of ministers of the interior with extensive powers. -The case of United States District Attorney Jones of Carson City, Nev., charged with extortion from Dan Stuart and with other offenses. has not yet been presented to the federal grand jury. -Mrs. Nobles, convicted of the murder of her husband, has for the fourth time been sentenced by Judge Harris to be hanged at Jeffersonville, Ga. The execution is set for April 23. -A charge made by Alfred Kempner, the noted music writer and critic of Berlin, in an article published in the Frankfurter Zeitung, to the effect that critics of Berlin are open to bribery, has created the liveliest sensation in literature and social circles of Berlin. -Another sensation in Austrian parliamentarian circles is the elopement of a young daughter of Dr. Ferdinand Kronawetter, leader of Vienna Democrats and member of the Reichsrath. -The Lebanon (Pa.) Rolling Mills company, owner of the large iron plant known as Lights Mills has executed a deed of assignment for the benefit of creditors to Samuel E. Light and M. H. Leonard. -Italian canned tomatoes are supplanting the American tomatoes at Belfast, owing, as the dealers say, to the fact that the American vegetable is over cooked or over ripe and consequently is not as firm when opened as the Italian tomatoes. -Cecil Rhodes has started from London on his return to South Africa. -Madrid is gaily decorated with flags in honor of the victories of the Spanish troops in the Philippine islands. -The steamer R. T. Cole sank in the Cumberland river this morning at Hunter point. She had a full cargo. Three negro roustabouts were drowned. -The Spanish cruiser Infanta Maria Theresa has been ordered to New York, where she will represent Spain at the ceremonies attending the ceremonies of the Grant monument. -Comptroller Eckels has refused to permit the proposed reorganization of the defunct Missouri National bank of Kansas City. The bank failed last fall, owing $1,500,000. -W. S. Ball, tax collector of Erie, Pa., suicided today by taking strychnine. An examination of his accounts has not yet been made. -Edwin O'Neil. receiver of the Oregon Railway & Navigation company of Portland, Or., is recovering from the injuries he received at Rochester, N. Y. He will probably be able to leave the hospital soon. -Capt. Daniel Hay of Co. I, Eighteenth Illinois volunteers, ex-member of the Norman Federal Town Site board, died at Norman, O. T., aged 55. -A quarterly dividend of 1 per cent. has been declared upon the stock of the Central railroad of New Jersey. This is a reduction of ½ per cent. from the usual dividend. -Five hundred employes of clothing manufacturers in St. Louis struck and the latter have a fight on their hands that may prove serious. -Incendiaries made an attempt last night to destroy the No. 3 mine, Lehigh & Wilkesbarre Coal company, near Hazelton, Pa. The men had narrow escapes.


Article from Eagle River Review, January 20, 1898

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# Decides Against Stockholders. In the United States Circuit Court at Springfield, Ill., Judge Allen rendered judgment in favor of Receiver Theodore Wallace of the defunct Missouri National Bank of Kansas City, Mo., against the former president, David V. Reiger, and the former cashier, Robert D. Covington, in the sum of $600 and $10,000 respectively, being the amount of stock they held in the concern. These are the two officers who have been indicted by a special grand jury at Kansas City in the Federal Court on the charge of wrecking the bank of which they were officers. They are out on $10,000 bonds each.


Article from The Herald, February 22, 1898

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uralization does not increase the vote of this county. # Court Notes The circuit court adjourned yesterday to Monday, February 28th. Allen P. Nichols was admitted to practice in the circuit court on motion of J. S. Chapman. Lynn Helm, Esq., was admitted to practice in the circuit court on motion of Shirley C. Ward. J. I. Harris and Geo. Cardwell will be tried for the murder of old man Hilton of Las Virgenes on May 2d. The case of Theodorie B. Wallace, receiver of the Missouri National bank of Kansas City, vs. T. L. Bacon has been ordered continued in the circuit court until March 1st. Continuance to Monday, February 28th, was ordered yesterday in the suit brought by the Pomona Land and Water company to establish their rights in certain lands purchased from the Southern Pacific Railroad company. The sentence of B. Solomon, who was convicted of buying a lot of good clothes, which he knew to have been stolen from a Santa Monica tailor by a drunken old soldier, for a song, was continued at the request of prisoner's attorney until February 24th. In the case of the United States vs. Messrs. H. P. Sweet, Wilson and Howard, who were indicted by the last grand jury and charged with an attempted land deal swindle, a demurrer to the indictment was confessed, in the district court, and Judge Wellborn dismissed the indictment. In the case of the London and San Francisco bank vs. the Willamette Steam Mill, Lumber and Manufacturing company, on motion of Borden & Carhart, solicitors for the complainant, an order confirming the sale of real property was yesterday signed and ordered entered by Judge Wellborn, in the circuit court.


Article from Santa Fe New Mexican, November 25, 1898

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THE JURY FAILED TO AGREE. New Trial for Bank Officers Alleged to Have Used the Bank's Funds in Speculation. Kansas City, Nov. 25.-The jury in the United States district court trying D. V. Rieger, an expert, and Robert D. Covington, ex-cashier of the failed Missouri national bank, on indictments charging embezzlement and application of funds, have disagreed. A new trial will be set for the April term of court. Reiger and Covington were indicted on three counts embracing embezzlement, abstraction and willful misapplication of the moneys and credits of the bank. When National Bank Examiner Foreman took charge, he had E. P. Moxey expert the books. Moxey was principal witness for the government. He attempted to show how thousands of dollars had been used by Rejger and Covington to support an enterprise in which they were interested. The receiver has been able to pay but a small dividend. Since the failure, Rieger and Covington have been engaged in the insurance business at Springfield, Ill.