9284. Bank of Ozark (Ozark, MO)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
January 26, 1933
Location
Ozark, Missouri (37.021, -93.206)

Metadata

Model
gpt-5-mini
Short Digest
e16618b294c70f2c

Response Measures

None

Description

Article (1933-02-09) reports the Bank of Ozark closed two weeks ago under 30-day moratorium and is working to get depositors to sign an agreement to perfect reopening; no article describes a depositor run. A later 1934 obituary (11-15-1934) refers to Stephen K. Stine as president of the closed Bank of Ozark, indicating the bank remained closed at least through 1934. Because there is a suspension with no reported run and evidence the bank remained closed, I classify this as suspension_closure. Date of suspension is approximated from the 1933-02-09 article which states the bank closed two weeks earlier (approx. 1933-01-26).

Events (1)

1. January 26, 1933 Suspension
Cause Details
Closed under a 30-day moratorium (depositor agreement/rehabilitation plan); article does not specify a run or specific cause such as insolvency or correspondent failure.
Newspaper Excerpt
Russell, cashier of the Bank Ozark, which closed two weeks ago under 30-day moratorium, reports encouraging progress being made in getting depositors to sign the depositor's agreement.
Source
newspapers

Newspaper Articles (2)

Article from Christian County Republican, February 9, 1933

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Article Text

RUSSELL REPORTS PROGRESS BEING MADE Russell, cashier of the Bank Ozark, which closed two weeks ago under 30-day moratorium, reports encouraging progress being made in getting depositors to sign the depositor's agreement. success continues during the next two weeks, in proportion to the last two weeks, Mr. Russell hopes to be able to announce reopening date shortly after that time. The Bank of Ozark is using the same plan to perfect reopening which has been successful in reopenthe Bank of Nixa.


Article from Springfield Leader and Press, November 15, 1934

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Article Text

ANNUAL TURKEY MARKET OPENS Deaths BETTY LOU ROGERS Betty Lou Rogers, month old daughter of Mr. and Mrs. Onis Rog. ers of 1157 South Ferguson avenue, died morning after brief illnecs Besides the parents, the child is survived by sister, Loretta Rogers. Funeral services will be at o'clock Friday afternoon in the Manley chapel with burial in the cemetery there under direction of J. W. Klingner JOE P. LONGFELLOW By CLIFFORD FARMER Funeral services will be at 2:30 o'clock Saturday afternoon in the J. W Klingner chapel for Joe Longfellow, 79, who died Wednesday while visiting his son, Charles Longfellow of Bedford, Iowa With turkey prices running much higher than last year the annual Thanksgiving "turkey run" got under way here this week with one firm buying over 9500 birds yesterNumber young turkeys, toms or hens. were bringing 16 cents per pound, live weight, compared with 10 to 11 cents at this season last Ozark turkeys are in much better condition than had anticipated by the trade, judging from the birds being received by dealers here A. L. Farnham, manager of the Producer's Produce company, said that the turkeys were mostly in good flesh and much better quality bird than came in last year for Thanksgiving A similar condition was reported by Charles H. Walsh, manager of Swift and Company, buying this week for the eastern trade. Farmers have been urged to hold back their birds that were not weil developed. and to sell only those that would bring top prices at this time A light of number two stuff is being received. dealers report. Turkeys that grade "seconds" now because of weight might be made into top birds in time for the Christmas trade. Many farmers are taking home their neglected birds for fattening Association Sells Birds ROBERT WALKER Members of the newly organized Greene county turkey growers' association shipped two carloads of live turkeys to Nashville, Tenn. this week that brought 15 cents for number one birds at the car They were sold before the market opened here, E. L. Barrett, president of the orlization said. Mr. Barrett is dressing his own birds on the farm. having turned his dairy barn into turkey dressing plant for the week. There had been considerable uneasiness the produce trade over the supply of birds suitable for the Thanksgiving market. Most of the demand for turkeys at this season is for choice birds, since families that can afford them want nice ones to grace the holiday table Dealers generally had feared that the drought would show its effect upon turkeys that would be marketed in November With feed scarce and high in price, it had been predicted that farmers would not feed grain. Instead it appears that growers have fed liberally in anticipation of higher prices than prevailed last year. Choice birds are bringing 16 cents per pound. Last year the top turkeys brought 11 cents when the turkey run started. but the price dropped to 10 No. 2 birds 6 cents last year while that grade is now bringing cents Dressed Immediately Robert Walker, 90, pioneer resident of Greene county and a retired brick mason, died in his Ash Grove home this morning following a long illness Born and reared in Manchester England. Mr. Walker came to the United States nearly 60 years ago He stayed but a brief time at Bois Are and then went to Ash Grove A member of the Masonic order there and the Ash Grove Presbyterian church, he had retired several years ago and was on a farm near Ash Grove He is survived by his wife, Mrs Mamie Walker: three sons, Ben. W G. and James Walker of Springfield: two daughters, Mrs. Elizabeth Salts of Springfield and Mrs. Eliza Graham of Ash Grove, and numerous grandchildren and great-grandFuneral services probably will be Ash Grove Friday afternoon with burial at Grove ORVILLE M. RUSSELL Funeral services will be at 2 o'clock Friday afternoon in the J. W. Klingner chapel for Orville M Russell, 40. who died Wednesday afternoon in his home at 333 West Chase street. Burial will be in Rose Hill cemetery He is survived by his wife, Mrs. Naomi Russell a son, William Russell; four daughters, Mrs. Orville Carroll. Mrs. Josephine Stephens, Miss Dorothy May Russell and Miss Bobby Lee Russell of Springfield: brother, Edward Russell, and two sisters, Mrs. John Portio of Willlard and Mrs. Effie Burgess of STEPHEN K. STINE Stephen K. Stine, 64, for many years president of the closed Bank of Ozark and an active participant in rural affairs around Ozark died this morning in his home following short illness. Mr. Stine who also was active in the farmers' exchange, suffered stroke several weeks ago He is survived by his wife, a daughter Mrs. Mary Ball of Ozark and five sons. Harry of California Mahlon George Kay and Leonard Stine of Ozark. Funeral services will be at 2:30 o'clock Friday afternoon in the Methodist church with burial in the Richwood cemetery To grade No young toms must weigh 13 pounds or more while hens must weigh 9 pounds or more and be in good flesh. There no weight limit on old toms and old hens No. 2 birds are those that are thin. have a breast. or in way are not in condition to rate the higher grade Produce plants resemble stockyards hs the turkeys are driven to the picking rooms. Unlike chickens, they are not held for fatten. ing period. Dressing takes place as rapidly as possible after they are recelved to prevent shrinkage Because of the restless nature of turkeys, it has been found that do not take on flesh like chickens, under battery confinement The picking rooms at the Producers Produce where 9500 turkeys were received yesterday are being operated night and day to keep the of birds Even with large crew working, it was not possible yesterday to dress and pack the turkeys as fast as they came in. Some had to be held over in crates until the picking crew "catch up. The receipt of 9500 turkeys by the local plant smashing all