9500. Lucas Bank (St Louis, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 15, 1879
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
2e903917571813cb

Response Measures

None

Description

Contemporary articles (Feb 1879) state the stockholders decided to wind up the Lucas Bank's business and transferred its business to the Mechanics' Bank of St. Louis; depositors to be paid in full. No run is described; the closure appears voluntary due to insufficient profits.

Events (1)
1. February 15, 1879 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders decided to wind up business because the profits on business do not pay a fair interest on the capital invested.
Newspaper Excerpt
The officers of the Lucas Bank, this city, will announce to-morrow morning that the stockholders of that institution have decided to wind up its business.
Source
newspapers

Newspaper Articles (6)
1. February 17, 1879 Wheeling Register Wheeling, WV
Article from Wheeling Register, February 17, 1879

Click image to open full size in new tab

Article Text

CREAM OF THE NEWS. Gathered from Our Dispatches. George C. Codd is Detroit's new Postmaster. Subscriptions to the four per cent. loan, $5,623,200. Governor Fremont iscoming to Washington on a special mission from Arizona. Thousands of cattle have been inspected at Chicago, and no trace of pleuro-pneumonia found. The Tennessee Senate rejected the propositions of the bondholders by a vote of 12 to 9. Ira Stewart, living near Watertown, N. Y., was shot and killed, Thursday, by his crazy son George. Joseph A. Englenard, Secretary of State of North Carolina, died Saturday afternoon. Age forty-seven. The Commercial Bank of Saratoga is in charge of L. M. Price, as Receiver, by order of the Comptroller of Currency. R. M. Valentine, of the well-known firm of R. H. Macv & Co., New York, and the last of the original members, died Saturday. Charles Woods, (colored), on trial at Memphis, for the killing of Mrs. W. C. C. Foster, has been convicted of murder in the first degree. The President approved the act to allow women to practice before the Supreme Court; also, the Navy Appropriation Bill. Careful microscopie investigation fails to detect any trace of trichina in the body of Mrs. Horn, who died in Brooklyn, as reported of that disease. The drawing room reception of Mr. and Mrs. Lorne, at Ottawa, on Friday evening, is said to have been the most brilliant affair of the kind ever seen there. The officers of the Lucas Bank, of St. Louis, will announce this morning that the stockholders of that institution have decided to wind up its business. At Charleston, this State, Saturday, a daughter of Richard Hardwick was burned to death. There is great rejoicing in San Francisco over the passage of the Chinese restriction bill. Pastors of Catholic churches in Pennsylvania have given notice that the Church will excommunicate members of the Knights of Labor society. The Licking (Ohio) County Commissioners are investigating charges against Clerk S. S. Wells of overcharging in his last year's bills. It is stated in one bill, against the State, of eight hundred dollars, three hundred dollars overcharge has been discovered. A meeting of policy holders representing over $2,000,800 of insurance, held in Boston, resolved that the mass of the policy holders urge the committee and trustees to use their best efforts toinduce officersand trustees to relinquish the rebate plan and return to the old practice.

2. February 17, 1879 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, February 17, 1879

Click image to open full size in new tab

Article Text

FINANCIAL. SABATOGA, Feb. 15.-The Commercial Bank is in charge of L. M. Prince, as Receiver, by order of the Comptroller of the Currency. Sr. LOUIS, Mo., Feb. 15.-The afticers of the Lucas Bank, this city, will announce to-morrow morning that the stockholders of that in. stitution have decided to wind up its business. The reason given is that the profits on business do not pay a fair interest on the capital invested. The business of the pank has heen transforred to the Mechanics' Bank of St. Louis, where the desposits will be paid in full on do mand, and all liabilities at maturier.

3. February 19, 1879 The Princeton Union Princeton, MN
Article from The Princeton Union, February 19, 1879

Click image to open full size in new tab

Article Text

heavy fall of snow in Oregon and Washington territory. Lord Beaconsfield in the house of lords made a statement similiar to that of Sir Stafford Northcote. A dispatch from Rome says cordial letters have been exchanged between the Pope and the German Empire. Tne commercial national bank of Petersburg, Va., the last National bank in the city has gone into liguidation. Milwaukee and the surronnding country as visited by heavy snow storm Feb. 11. The fall was from 6 to 13 inches in depth in different localities. The President of the Italian board of health, speaking in the chamber of deputies, predicted that if the plague penetrated Europe it would destroy a third of the population. The heirs of Napoleon III. have been defeated in the action against the estate for recovery of the Chinese museum and arms at the Chateau Peirre Fonds of their value out of the civic list. The striking miners of Coshocton, Ohio, have posted notices in the vicinity of the union lines warning the men at work there that they will do them hurt if work is not stopped by Thursday next. The Brooklyn health officers charge that a number of cows suffering from pleuro penumonia have been taken from stables and slaughtered at the abattoirs. The [carcasses are now under guard until veterinary surgeons investigate. A Rome telegram says, the Pope has discontinued payments to bishops who have not received the royal exequatur. Newspapers publish a letter from Cardinal Nina declaring that the papacy has not the means to continue these payments. Dock laborers in Liverpool, Feb. 15th numbering 40,000, demanding terms met in the afternoon. The ship owners were firm. At the closed docks where men were fed and housed, there were more applications for employment than could be accommodated. The Lucas bank of St. Louis, one of the oldest in the city has transferred its business to the Mechanics' bank, and will close business. Its depositors will be paid in full. The reason assigned is that the profits do not pay a fair interest on the capital invested. The liabilities of Osborn, Chase & Swain, picture frame manufacturers, of Toledo O., are stated at $190,000, with nominal assets of about the same amount. Alleged cause of failure, speculation in real estate and decline in prices of goods. The compaty employed 200 hands. A gorge in the Missouri river at Glasgow Mo., destroyed a span of the railroad bridge which was being built for the Chicago & Alton railroad by the American Bridge company, o Chicago. The loss, which is $30,000 to $40,000 falls on the bridge company. It would have been ready for use by March 1st. A London telegram of Feb 13th says Sir. Stafford Northcote chancellor of the ext chequer, in the house of commons said it was n not desirable to exaggerate or depreciate the severe blow in South Africa. There exists $ n general admiration for the gallantry of the d troops, and universal sympath for the suffer ers. The cabinet is resolved to repair and S wipe out the disaster. e Of forty-five million dollars of frac tional currency issued there remains outstand to ing about sixteen millions, of which amoun ce about two millions are three and five cents. I n. is now estimated there will be ultimately re h. deemed only four millions of the sixteen mil e lions, leaving tweive millions as profit to th e government, that amount being lost or de stroyed hOne of the prominent directors of th ne Chicago & Northwestern railway compan of says the officers of the road will next wee declare a dividend of 13/4 per cent. on the pre ferred stock, and the dividends will hence n, forward be payable on the preferred stoc an every three months. The dividends on th gs common will be payable semi-annually. Th he earnings of the road in the past six month

4. February 20, 1879 Little Falls Transcript Little Falls, MN
Article from Little Falls Transcript, February 20, 1879

Click image to open full size in new tab

Article Text

fall was from 6 to 13 inches in depth in different localities. A small steamer on the Muskingum, Ohio, river, exploded her boiler Feb. 16th, in stantly killing the fireman, and seriously scald. ing the captain and two of the crew. The President of the Italian board of health, speaking in the chamber of deputies, predicted that if the plague penetrated Europe it would destroy a third of the popuation. The heirs of Napoleon III. have been defeated in the action against the estate for recovery of the Chinese museum and arms at the Chateau Peirre Fonds of their value out of the civic list. The striking miners of Coshocton, Ohio, have posted notices in the vicinity of the union lines warning the men at work there that they will do them hurt if work is not stopped by Thursday next. Cardinal Manning, archbishop of Westminster, has had a long and cordial interview with the pope, who congratulated the cardinal on the progress of Catholicism in Great Britain, and discussed measures for its extensionThe Brooklyn health officers charge that a number of cows suffering from pleuro pentimonia have been taken from stables and slaughtered at the abattoirs. The [carcasses are n ow under guard until veterinary surgeons investigate. A Rome telegram says, the Pope has discontinued payments to bishops who have not received the royal exequatur. Newspapers publish a letter from Cardinal Nina declaring that the papacy has not the means to continue these payments. Dock laborers in Liverpool, Feb. 15th numbering 40,000, demanding terms met in the afternoon. The ship owners were firm. At the closed docks where men were fed and housed, there were more applications for employment than could be accommodated. e The Lucas bank of St. Louis, one of the oldest in the city has transfe red its business to the Mechanics' bank, and will close business. Its depositors will be paid in full. r The reason assigned is that the profits do not pay a fair interest on the capital invested. y The liabilities of Osborn, Chase & ff Swain, pioture frame manufacturers of Toledo O., are stated at $190,000, with nominal assets of about the same amount. Alleged cause of n failure, speculation in real estate and decline t in prices of goods. The company employed e 200 hands. A gorge in the Missouri at Glasgov t Mo., destroyed a span of the railroad bridge which was being built for the Chicago & Alton e railroad by the American Bridge company, o S Chicago. The loss, which is $30,000 to $40,000 have would. It falls on the bridge company been ready for use by March 1st. A London telegram of Feb 13th says Sir. Stafford Northcote chancellor of the exS chequer, in the house of commons said it was not desirable to exaggerate or depreciate the e severe blow in South Africa. There exists a general admiration for the gallantry of the troops, and universal sympath for the sufferr ers. The cabinet is resolved to repair and is wipe out the disaster Of forty million dollars of fracit tional currency issued there remains outstandn ing about sixteen millions, of which amount about two millions are three and five cents, It n is now estimated there will be ultimately re d deemed only four millions of the sixteen millions, leaving twelve millions as profit to the government, that amount being lost or dee stroyed The Brooklyn, N. Y, Presbytery, Febuary 17th, adopted resolutions instructing as the committee, if they find common fame ree port against Dr. Talmage fulfills all conditions of the book of dicipline, they shall to formulate such common fame into a charge ce with specifications and names of witnesses n. to support them, and submit the same to the n. presbytery. e One of the prominent directors of the e Chicago & Northwestern railway company says the officers of the road will next week hdeclare a dividend of 18/4 per cent. on the pre. ne ferred stock, and the dividends will henceof forward be payable on the preferred stock every three months. The dividends on the common will be payable semi-annually. The n, earnings of the road in the past six months an exceed 7 per cent. The earnings of the road 38 during the second week in February will show ne a slight falling off. The company expected to lose something in February, as last year's e business for this month was unusually light

5. February 20, 1879 River Falls Journal River Falls, WI
Article from River Falls Journal, February 20, 1879

Click image to open full size in new tab

Article Text

The striking miners of Coshocton, Ohio, have posted notices in the vicinity of the union lines warning the men at work there that they will do them hurt if work is not stopped by Thursday next. Cardinal Manning, archbishop of Westminster, has had a long and cordial interview with the pope, who congratulated the cardinal on the progress of Catholicism in Great Britain, and discussed measures for its extensionThe Brooklyn health officers charge that a number of cows suffering from pleuro penumonia have been taken from stables and slaughtered at the abattoirs. The (carcasses are n DW under guard until veterinary surgeons investigate. A Rome telegram says, the Pope has discontinued payments to bishops who have not received the royal exequatur. Newspapers publish a letter from Cardinal Nina declaring that the papacy has not the means to continue these payments. Dock laborers in Liverpool, Feb. 15th numbering 40,000, demanding terms met in the afternoon. The ship owners were firm. At the closed docks where men were fed and housed, there were more applications for employment than could be accommodated. The Lucas bank of St. Louis, one of the oldest in the city has transferred its business to the Mechan es' bank, and will close business. Its depo tors will be paid in full. The reason assigned is that the profits do not pay a fair interest on the capital invested. The liabilities of Osborn, Chase & Swain, picture frame manufacturers, of Toledo 0., are stated at $190,000, with nominal assets of about the same amount. Alleged cause of failure, speçulation in real estate and decline in prices of goods. The company employed 200 hands. a A gorge in the Missouri river at Glasgow Mo., destroyed a span of the railroad bridge e which was being built for the Chicago & Alton f railroad by the American Bridge company, 0 Chicago. The loss, which is $30,000 to $40,000 in falls on the bridge company. It would have r been ready for use by March 1st. A London telegram of Feb 13th says y Sir. Stafford Northcote chancellor of the exff chequer, in the house of commons said it was not desirable to exaggerate or depreciate the severe blow in South Africa. There exists a n general admiration for the gallantry of the troops, and universal sympath for the suffert ers. The cabinet is resolved to repair and e wipe out the disaster. Of forty-five million dollars of fract tional currency issued there remains outstand. ). ing about sixteen millions, of which amount e about two millions are threeand five cents. It S is now estimated there will be ultimately re deemed only four millions of the sixteen mil lions, leaving tweive minions as profit to the government, that amount being lost or destroyed S The Brooklyn, N. Y. Presbytery, Febuary 17th, adopted resolutions instructing e the committee, if they find common fame re8. port against Dr. Talmage fulfills all conditions of the book of dicipline, they shall r formulate such common fame into a charge S with specifications and names of witnesses to support them, and submit the same to the it presbytery. n One of the prominent directors of the Chicago & Northwestern railway company n says the officers of the road will next week d declare a dividend of 18/4 per cent. on the preferred stock, and the dividends will hencee forward be payable on the preferred stock every three months. The dividends on the common will be payable semi-annually. The earnings of the road in the past six months 18 exceed i per cent. The earnings of the road e during the second week in February will show a slight falling off. The company expected o to lose something in February, as last year's e business for this month was unusually light

6. February 20, 1879 Stevens County Tribune Morris, MN
Article from Stevens County Tribune, February 20, 1879

Click image to open full size in new tab

Article Text

commence the evacuation of Adrianople in ten days. Much loss of stock is feared from the heavy fall of snow in Oregon and Washington territory. Lord Beaconsfield in the house of lords made a statement similiar to that of Sir Stafford Northcote. A dispatch from Rome says cordial letters have been exchanged between the Pope and the German Empire. Tne commercial national bank of Petersburg, Va., the last National bank in the city has gone into liguidation. The Osburn, Chase and Swayne Manufacturing company, of Toledo, o., failed Feb. 10th. Liabilities $90,000. Assets unknown Milwaukee and the surronnding country as visited by heavy snow storm Feb. 11. The fall was from 6 to 13 inches in depth in different localities. At a debt raising service at. the old Foundry Methodist church, Washington, Feb. 9th, President Hayes contributed $500 of the $15,000 secured. A London telegram of Feb. 10th says, the three largest jute factories in Forfarshire have stopped, owing to depressed trade, and four in Dundee are expected to stop. The President of the Italian board of health, speaking in the chamber of deputies, predicted that if the plague penetrated Europe it would destroy a third of the population. The heirs of Napoleon III. have be n defeated in the action against the estate for recovery of the Chinese museum and arms at the Chateau Peirre Fonds of their value out of the civic list. The striking miners of Coshocton, Ohio, have posted notices in the vicinity of the union lines warning the men at work there that they will do them hurt if work is not stopped by Thursday next. A Berlin telegram of Feb. 10th. says 1 is officially announced that the Greek govern. ment has received a report from the consul at Kavak, on the Ægean sea, confirming the a rumors of an outbreak of plague there. The Brooklyn health officers charge that a number of cows suffering from pleuro penumonia have been taken from stables and slaughtered at the abattoirs. The [carcasses are n OW under guard until veterinary surgeons investigate. A Rome telegram says, the Pope has discontinued payments to bishops who have y ff not received the royal exequatur. Newspa. pers publish a letter from Cardinal Nina declaring that the papacy has not the means to continue these payments. n Dock laborers in Liverpool, Feb. 15th it numbering 40,000, demanding terms met in e the afternoon. The ship owners were firm. At the closed docks where men were fed and it housed, there were more applications for em D. ployment than could be accommodated. e The Lucas bank of St: Louis, one of S the oldest in the city has transferred its busi ness to the Mechanics' bank, and will close business. Its depositors will be paid in full. The reason assigned is that the profits do not S pay a fair interest on the capital invested. A Liverpool dispatch says the number e of strikers of all classes is estimated at 50,000 to 60,000. The sending of a deputation of la borers to steamship owners, is regarded as f hopeful sign. The sailors express a willing ness to send a deputation with a view to ad d justment. The liabilities of Osborn, Chase & t Swain, picture frame manufacturers, of Toledo V. 0., are stated at $190,000, with nominal assets of about the same amount. Alleged cause of ir failure, speculation in real estate and decline is in prices of goods. The company employed 200 hands. at A St. Petersburgh telegram of Feb n 10th says, the Golos publishes a sensational letter stating that hundreds of bodies of those n who died of the plague at Astrachan in De d cember :emain still unburied, and the corpses are strewn over eight versts of the Enosta d jewsker district. is A gorge in the Missouri river at Glasgow Mo., destroyed a span of the railroad bridge as which was being built for the Chicago & Altor be railroad by the American Bridge company, O Chicago. The loss, which is $30,000 to $40,000 h falls on the bridge company. It would have 1been ready for use by March 1st. A London telegram of Feb 13th says to Sir. Stafford Northcote chancellor of the ex ce chequer, in the house of commons said it wa n. not desirable to exaggerate or depreciate the h. severe blow in South Africa. There exists e general admiration for the gallantry of th troops, and universal sympath for the suffer ne ers. The cabinet is resolved to repair and wipe out the disaster. hOf forty-five million dollars of frac he tional currency issued there remains outstand