9524. Mullanphy Savings Bank (St Louis, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
February 27, 1897
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
554b614e54a8b59a

Response Measures

None

Description

Multiple contemporaneous articles (Feb 27–Mar 3, 1897) report a depositor run on Feb 27, 1897; State Bank Examiner C.O. Austin closed the bank that day (placard: 'in the hands of the Secretary of State'); a receiver (Ex-Gov. W. J. Stone) was appointed Mar 1, 1897. OCR variations in some articles (Mullanthy, Mullamphy, Mullanpuy) were corrected to Mullanphy. The immediate trigger reported includes the Continental National Bank's refusal to clear for Mullanphy (a correspondent/clearing-house action) and the filing of a $25,000 chattel mortgage by a commission firm; underlying bad loans are also noted. Because the bank was closed by the examiner and a receiver appointed, the episode is classified as run -> suspension -> permanent closure.

Events (3)
1. February 27, 1897 Run
Cause
Correspondent
Cause Details
Continental National Bank (through which Mullanphy cleared) refused to clear after the state examiner reported the bank unsafe; contemporaneous reports also cite the filing of a $25,000 chattel mortgage and revelations of bad loans which spurred depositors to withdraw.
Measures
State Bank Examiner C.O. Austin promptly closed the bank and posted notice; bank placed in hands of Secretary of State.
Newspaper Excerpt
After a run of about an hour this morning the Mullanphy bank ... closed its doors.
Source
newspapers
2. February 27, 1897 Suspension
Cause
Government Action
Cause Details
Closed by the State Bank Examiner following the run and clearing-house/correspondent refusal; examiner took charge and suspended operations.
Newspaper Excerpt
This bank is in the hands of the Secretary of State. State Bank Examiner C.O. Austin today closed the Mullanphy Savings bank.
Source
newspapers
3. March 1, 1897 Receivership
Newspaper Excerpt
Judge Valliant to-day appointed ex-Gov. William J. Stone receiver for the Mullanphy Savings Bank, which failed last Saturday.
Source
newspapers

Newspaper Articles (20)
1. February 27, 1897 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, February 27, 1897

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MULLANPHY BANK FAILS. St. Louis Savings Bank Closes With $800,000 Liabilities. St. Louis, Feb. 27.-State Bank Examiner C. O. Austin today closed the Mullanphy Savings bank, a state institution which has been in operation here for more than twenty-five years. He is unable yet to give out any figures which would show the condition of the bank, but hopes to have the books in such shape as to be able to make a report early next-week. The following statement, issued at the close of business on February 26, 1897, by the bank is as follows: Liabilities: Capital stock, $100,000; surplus, $5,204; demand deposits, $248,132; time deposits, $396,088; certificates of deposit, sight,$8,208; cashier's checks, $3,434; bills payable, $45,000; total, $806,069. Resources: Bills receivable, $561,753; bonds, $54,061; real estate, $89,112; cash in vault, $42,946; cash in banks, $58,197; total, $806,069. Yesterday the Continental National bank, through which the Mullanphy bank cleared, notified the chairman of the Clearing House association that it would not clear for the savings institution any longer, because of its condition. Mr. Austin had examined into the bank's condition and, finding it unsafe, had reported SO to the Continental National, and its action followed. Last night the executive committee of the Clearing House association met to devise some means of carrying the bank over, but decided that it could do nothing to help it. This becoming known to some of its depositors, about forty of them assembled at the bank when it opened at 9 o'clock this morning and began a run. Examiner Austin, seeing how matters were going, promptly closed the bank and the depositors were put out of doors. There was much indignation among the depositors, who are mostly poor people. The failure caused somewhat of a sensation throughout the city, as this is the first bank in St. Louis to fail for many years. The bank holds a lot of paper of Schwarz Bros. Commission company. This firm held chattel deeds of trust on 250,000 sacks of wheat in the Farmers' elevator to secure outstanding notes aggregating $25,000 and similar notes on real estate to secure $7,016 worth of their paper. It is not known whether this paper was discounted at the Mullanphy bank. Just before the United States internal revenue department made the change relating to whisky in bond, young T .A. Teuscher, it is said, took quite a flyer in whisky, counting on a rise in price. Mr. Teuscher's efforts to corner the market ran up his overdrafts with the Mullanphy bank to $80,000. President John Rottman said today that it was a dead loss. President Rottman also borrowed freely from the institution to push his whisky business. His stock is up for collateral. There are other whisky dealers who have, it is said, had their paper honored freely by the directors. President John Rottman said to a reporter: "The bank has plenty of money. We did not close because we were broke. The bank examiner had to shut us down because the Continental bank played a snap on us. They would not clear for us, and we had to quit. I guess if we can get somebody to clear for us we can start again all right."

2. February 27, 1897 Daily Camera Boulder, CO
Article from Daily Camera, February 27, 1897

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BIG FAILURE. The Mullanthy Bank Sustains a Shock from the "Wave." St. Louis, Feb. 27.-After a run this morning the Mullanthy bank closed its doors, Liabilities $10,000. Cashier Kam. merer believes the assets will be the same.

3. February 27, 1897 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, February 27, 1897

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MULLANPHY BANK FAILURE The First Institution of the Kind to Fail in St. Louis for a Good Many Years. St. Louis, Feb. 27.-The Mullanphy Savings bank, a state institution, was closed today by the state bank examiner. J. H. Rottman is president of the institution. The Mullamphy Saving bank has been in operation more than twenty. five years. The statement issued February 26, was as follows. Liabilities, capital stock, $100, 000; surplus, $5,204; demand deposits, $248,182; time deposits, $396,088; certificates deposits, sight drafts, $8,208; cash. iers checks, $3,439; bills payable, $45,000; total, $806,069. Resources, bills receivable, $561,753; bonds, $54,081, real estate, $89,112; cash in vault, $42,946; cash in banks, $58 172: total $806,044. Yesterday the Continenial back, through which the Mallanphy bank cleared, noti fied the chairman of the Clearing House association, that it would not clear for the Savings institution any longer, beCRUSE of its condition. Bank Examiner Austin had examined into the banks condition, and finding it unsatisfactory 80 reported to the Continential. Last night, the exam. ining committee of the Clearing House association met to devise some means for carrying the bank over, but decided it could do nothing. This becoming known to some of the depositore, about forty this morning began a run. Exam. iner Austin promptly closed the deors and the depositors were put out. There was much indiguation among the depositors, who are mostly poor people who can ill afford to lose their savings. It caused a sensation as this is the first bank in St. Louis to fail for many years.

4. February 27, 1897 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, February 27, 1897

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The Bank Failure Epidemic Claims One There. ALSO A BIG CHICAGO FAILURE. Willoughby, Hill & Co. Go to the Wall. Tragic End of a Dance in Mexico-Foreign Budget. St. Louis, Feb. 27.-State Bank Examiner Austin has closed the Mullanphy Savings bank. The statement at the close of business yesterday shows liabilities. exclusive of capital stock, of $700,000, of which about $650,000 is deposits. The re. sources were $800,000. As a result of the examination by the state bank examiner, the Continental National bank, through which the Mullanphy bank cleared, yesterday notified the clearing house that it would cease clearing for it. A run began this morning and the bank examiner promptly closed the institution. Big Firm Falls. Chicago, Feb. 27.-The clothing firm of Willoughby, Hill & Co., confessed judgement for $81,600 in favor of the Fort Dearborn National bank. The assets are $150,000; liabilities, $200,000. It is said matters will be arranged and business will be resumed probably in a day or two.

5. February 27, 1897 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, February 27, 1897

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CLOSED A BANK. Indignation Among the Depositors Many of Whom are Poor. ST. LOUIS, Mo., Feb. 27.-The Mullanpuy Savings bank, a state institution, was closed today by the state bank examiner. J. B. Rettman is president. The statement issued Feb. 26 by the bank 18 88 follows: | Liabilities, capital stock, $100,000; surplus, $5,204; de. mand deposits, $248,132; time deposits, $396,088; certificates deposits at eight, $8,208; cashier's checks, $3,484; bills payable, $45,000; total, $806,069. Resources: Bills receivable, $561,758; bonds, $54,061; real estate, $89,112; cash in the vault, $40,947; cash in the banks, $58,197; total, $506,069. Yesterday the Continental National bal k through which the Mullanphy bank cleared notified the chairman of the clearing house association that it would not clear forthe saving institution any longer because of its condition. Austin had examined the bank's condition and finding it unsale had reported so. Last night the executive committee of the clearing house association met to devise some means of carrying the bank over but decided that it could do nothing. This became known to some of the depositors. About forty began a run this morning. Examiner Austin promptly closed the bank and the depositors were put outdoors. There was much indignation among the depositors, mostly poor people who ,can 111 afford to lose their savings. The failure caused & sensation as this is the first back in St. Louis to fall for many years. The bank had been in operation over 25 years. T. A. Teuscher ran up his over. drafts at the bank to $80,000 recently when he tried to corner the whisky market. President Rottman said this was & dead loss. Bottman also borrowed freely from the bank to push his whisky business.

6. February 27, 1897 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, February 27, 1897

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SAVINGS BANK CLOSED. St. Louis, Feb. 27.-The Mullanphy Savings bank was slosed by the state bank examiner, on account of a run tarted on it by its depositors mostly poor people.

7. February 28, 1897 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, February 28, 1897

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ST. LOUIS SAVINGS-BANK CLOSES. The Mullanphy Institution the Concern. ST. LOUIS, MO., February 27.-After a run of an hour this morning the Mullanphy Bank, corner of Broadway and Cass streets, closed its doors. Bank-Examiner C. O. Austin immediately took charge, and the following placard was posted on the doors: "This bank is in the hands of the Secretary of State." The liabilities are estimated at $810,000, and Cashier Kammererd says the assets will reach nearly the same figures. The Mullanphy Bank has about 1,500 depositors, and was regarded as one of the most substantial savings institutions in the city. Examiner Austin is inclined to the belief that the bank will not resume. The filing of a chattel mortgage of $25,000 by a commission firm is said to be responsible for the run and subsequent failure. The Clearing-House Association has appointed a committee to investigate the failure.

8. February 28, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, February 28, 1897

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*Ex dividend. NEW YORK MINING STOCKS. : Bulwer $0 50 Ontario $9.00 Cholor 90 80 Opher 20 Crown Point Plymouth 15 Con. Cal. & Va.. 1 60 Quicksilver 1 00 Deadwood 1 00 10 00 do pfd : 3 06 : Gould & Curry Sierra Nevada 30 95 Hale & Norcross Standard 1 65 29 Homestake 00 Union Con 32 32 Iron Silver Yellow Jacket 25 Mexican 39 BOSTON MINING SHARES. Franklin Allouez Min. Co . 1 11 Atlantic 23 11 Kearsarge Osceola Boston & Mont 119 341/2 Butte & Boston. 15½ Quincy 115½ Calumet & Hecla.870 Tamarack 120 Centennial Wolverine 10 61/1 SAVINGS BANK FAILS. ST. LOUIS, Feb. 27.-State Bank Examiner C. O. Austin today closed the Mullanphy Savings bank, a state institution, which has been in operation here for more than twentyfive years. Assistant Attorney General Jeffries applied to Judge Valiant this afternoon for the appointment of a receiver for the bank. He placed the bank's total liabilities at $807,630, and the available assets at $567,114. He stated that the bank had lost $204,000 on bad paper. It seems to indicate that depositors will hardly get more than 50 cents on the dollar. WEEKLY BANK SATEMENT.

9. February 28, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, February 28, 1897

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'RAH FOR M'KINLEY." St. Louis Bank Goes Into the Hands of the Secretary of State. St. Louis, Feb. 27.-After a run of about an hour this morning, the Mullanphy bank, on the corner of Broadway and Cass avenue, closed its doors. Bank Examiner Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets will reach nearly the same figures. The bank has about 1,500 depositors, and was regarded as one of the most substantial savings institutions in the city. The filing of, a chattel mortgage of $25,000 by a commission firm is said to be responsible for the run and subsequent failure. The clearing house association has appointed a committee to investigate the failure.

10. February 28, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, February 28, 1897

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"RAH FOR M'KINLEY." St. Louis Bank Goes Into the Hands of the Secretary of State. St. Louis, Feb. 27.-After a run of about an hour this morning, the Mullanphy bank, on the corner of Broadway and Cass avenue, closed its doors. Bank Examiner Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the secretary of state." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets will reach nearly the same figures. The bank has about 1,500 depositors, and was regarded as one of the most substantial savings institutions in the city. The filing of. a chattel mortgage of $25,000 by a commission firm is said to be responsible for the run and subsequent failure. The clearing house association has appointed a committee to investigate the failure.

11. February 28, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, February 28, 1897

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MULLANPHY SAVINGS BANK A St. Louis Savings Bank Porced to Suspend. IS IN CHARGE OF A BANK EXAMINER Clearance Through the Continental National Bank Was Refused and Suspension Followed at Once. St. Louis, February 27.-State Bank Examiner Austin today closed the Mullanphy Savings bank, a State institution which has been in operation here for more than twenty-five years. He is unable yet to give out any figures which would show the condition of the bank, but hopes to have the books in such shape as to be able to make a report early next week. The statement issued at the close of business on February 26, 1897, by the bank is as follows: Liabilities, capital stock $100.000; surplus $5204; demand deposits $218,132; time deposits $326,083; certificates of deposit, sight $2208; cash and checks $2434; bills payable $45,000. Total, $806,068. Resources-Bills receivable $561,753; bonds $54,061; real estate $89,112: cash in vault $42,946; cash in bank $48,197. Total, $806,068. Yesterday the Continental National bank, through which the Mullanphy bank cleared, notified the chairman of the Clearing House association that it would not clear for the savings institution any longer, because of its condition. Mr. Austin had examined into the bank's condition and finding It unsafe had reported so to the Continental National and its action followed. Last night the executive committee of the Clearing House association met to devise some means of carrying the bank over, but decided that it could do nothing to help it. This became known to some of its depositors, about forty of whom assembled about the bank when It opened at 9 o'clock this morning, and began a run. Examiner Austin, seeing how matters were going, promptly closed the bank and the depositors were put out of doors. There was much indignation among the depositors, who are mostly poor people who can ill afford to lose their savings. The failure caused somewhat of a sensation throughout the city as this is the

12. February 28, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, February 28, 1897

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While Speculators' Collateral is Transmitted Into the Wherewithal-Big Chicago Clothing Firm Goes Down-Other News of Failures and ReceivershipsBethlehem Works Cut Wages-Cotton Mills Reduce Output-Railway News. St. Louis, Mo., Feb. 27.-State Bank Examiner C. O. Austin today closed the Mullanphy Savings Bank, a state institution which has been in operation here for more than twenty years. He is unable yet to give out any figures which would show the condition of the bank, but hopes to have the books in such shape as to be able to make a report early next week. The following statement, issued at the close of business on February 26, 1897, by the bank, is as follows: Liabilities: Capital stock, $100,000: surplus, $5,204; demand deposits, $248,132; time deposits, $396,088; certificates of deposit, sight, $8,208; cashier's checks, $3,344; bills payable, $45,000. Total, $806,069. Resources: Bills receivable, $561,753; bonds, $54,061; real estate, $89,112; cash in vault, $42,946; cash in bank, $58,187. Total, $806,069. Yesterday the Continental National bank through which the Mullanphy bank cleared, notified the chairman of the clearing house association that it would not clear for the savings institution any longer, because of its condition. Mr. Austin had examined into the bank's condition and, finding it unsafe, had reported SO to the Continental National bank, and its action followed. Last night the eexcutive committee of the clearing house association met to devise some means of carrying the bank over, but decided that It could do nothing to help it. This becoming known to some of the depositors, about forty of them assembled at the bank when it opened at 9 o'clock this morning. and began a run. Examiner Austin, seeing how matters were going, promptly closed the bank and the depositors were put out of doors. There was much indignation among the depositors, most of whom are poor people who can ill afford to lose their savings. The failure caused somewhat of a sensation throughout the city as this is the first bank in St. Louis to fail for many years. Ever since the panic of 1893 the Mullanphy Savings bank has been in had shape. The officials have strugled along in the hope of pulling out, but the continued business depression coupled with bad loans, was more than they were able to overcome. Other banks in the city were cognizant of the condition of affairs, but there was no disposition to crowd matters. The disposition was rather to the contrary. Although not a member of the clearing house, aid would have been extended by this association could It have been of any avail. How great a proportion of the bills receivable, bonds and real estate can be realized upon will develop after the receiver begins to straighten out the tantangle. In view of the fact that the clearing house refused to go to the front. It cannot be large.

13. February 28, 1897 The Morning News Savannah, GA
Article from The Morning News, February 28, 1897

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SAVINGS BANK SHUT. Its Liabilities Estimated at $810,000 and Its Assets as the Same. St. Louis, Mo., Feb. 27.-After a run for an hour this morning, the Mullanphy bank, corner Broadway and Cass streets, closed its doors. Bank Examiner C. O. Austin immediately took charge and the following placard was posted on the doors: "This bank is in the hands of the Secretary of State." The liabilities are estimated at $810,000, and Cashier Kammerer says the assets. will reach nearly the same figures. The filing of a chattel mortgage of $25,000 by a commission firm, is said to be responsible for the run and subsequent failure. The Clearing House Association has appointed a committee to investigate the failure.

14. March 2, 1897 The Morning News Savannah, GA
Article from The Morning News, March 2, 1897

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ST. LOUIS' BROKEN BANK. Depositors Apt to Get Only 10 or 15 Cents on the Dollar. St. Louis, Mo., March 1.-Judge Valliant to-day appointed ex-Gov. William J. Stone receiver for the Mullanphy Savings Bank, which failed last Saturday. The affairs of the bank are conceded to be in very bad condition, and it is doubtful if the depositors will realize more than 10 or 15 per cent. on their deposits.

15. March 2, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, March 2, 1897

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Receiver for Mullanphy Bank. St. Louis, March 1.-Ex-Governor W.J. Stone was today appointed receiver of the Mullanphy Savings bank, which was closed by the State bank examiner on Saturday.

16. March 3, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 3, 1897

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'SHHOLVaSIO GISNHONOD ST. LOUIS, March L-Ex-Gov. William J. Stone was today appointed receiver of the Mullanphy Savings bank. BOSTON Feb. 28.-The Warren line steamer Kansas reached here from Liverpool today, nearly four days late. LONDON, March 1.-Consul Billhardt has had an interview at Moscow with Steinitz, the chess player, and found him apparently rational. SALT LAKE. March 1.-What appears to be a genuine volcano has burst forth in Great Salt Lake. a short distance south of Promontory station. SANTA FE. N. M., Feb. 28.-Fred Stuart. foreman of the Burdick ranch. near Deming. was shot and killed yesterday by Sam Tyndall, a cattleman. NEW BEDFORD. Mass.. Feb. 28.-By an explosion in the Acushnet mills yesterday Manuel Mendosa was killed and Arthur Ashin was burned to death. NEW YORK. March L-William Jay Koerner, convicted of the murder of Rose A. Redmate, was sentenced today to be electrocuted April 18. Koerner is a newspaper artist. PAYNE. Neb., March 1-Ernest Hearns, nephew of Millionaire Moses Payne, was -ung uo M 4q penpl pue 1048 day night as the result of a quarrel over Miss Jennie Nix. WINNEMUCCA. Nev., Feb. 27.-T. A. Burns. a saloonkeeper of Paradise, fortythree miles north of here. was shot and fatally wounded last night by Will Muffier, a half-breed. MILWAUKEE. March 1.-An electric car on the South Milwaukee line capsized while descending a steep grade on Pennsylvania avenue this morning. No one was seriously hurt. SAN FRANCISCO, March 1.-Mrs. Jane L Stanford has lost her suit against the city to recover $10,300 taxes assessed against the personal property of her husband, the late Senator Stanford. PARIS. March 1.-The monastery of Saint Bernard has been partially destroyed by an avalanche. The monks had to tunnel through snow .n order to make an exit. There was some loss of life. LOUISVILLE March 1.-It is the general opinion among politicians at Frankfort that Gov. Bradley will not appoint a senator, but convene the legislature soon after Blackburn's term expires. MONTREAL Feb. 28.-It is announced that the pope has appointed a commission of cardinals to investigate the charges against the Canadian clergy of interference in the recent elections. BISMARCK March 1.-Latest reports from Winona state that the authorities are certain that Alexander Condot, a French half-breed, and Blackhawk, a. negro half-breed, murdered the Spicer famny. MARSHALL Mo., Feb. 27.-A fast freight train on the Chicago & Alton road was wrecked just east of this place at 7 o'clock last night, killing Engineer C. G. Ehert and Brakeman Charles Rymal. BOSTON March 1.-A statue of Bacchus presented by King George of Greece to the city of Boston has disappeared. It has not reached the Boston custom seq Buiddius su 10 actioe ou pue esnoq been received. NEW YORK Feb. 28.-Arthur Platt, allas Edward R Taylor, recently arrested in England for the murder of Jesse Ayres at Louisville, Ky., th 1885, was brought to this city Saturday and taken to Lexington, Ky., today. MARSHALL Mo., March 1-A wreck on the Chicago & Alton one and one-half miles east of this city resulted in the death of Charles Ehrat. engineer, of Evansville, Ind., married: and Charles Rimal, Slater. Mo., brakeman, CHICAGO Feb. 28.-George Schnelder formerly president of the National Bank of Illinois has effected a settlement Everything as to him has been closed up. including his indebtedness to the bank. and his release is honorable and creditable. WASHINGTON March 1-A letter from Cardinal Gibbons and Archbishops Ryan and Kane. constituting a committee on Indian and negro missions. exhorts the privilege of contributions in order that the schools may be properly car"uo pays LINCOLN, Neb., March 1.-The time set by the metropolitan court of Dubuque for Bishop Bonacum to pay the preasis $14 4114 HOW any: = 81800 005'1$ has expired The bishop ignores the penalties and appeals again to Mgr. Martinelli and Rome CHICAGO, March 1.-Chairman Caldwell, of the Transcentimental Passenger Association. has denied the formal appeal of the Canadian Pacific railway for authority to apply $7.50 differential first class and 17 second class via St. Paul and wiujed 18800 Partice 0; 00g am J@AO HARRISBURG Pa., Feb. 29.-The first of a series of suits for libel has been filed against Rev. Dr. 8. C. Wallow editor of the Pennsylvania Methodist Union, for charges of corruption and malfeasance made against high state officials. Capt. J. C. Delaney and Representative W. F. Stewart are the plaintiffs. % F.-B

17. May 7, 1897 The Mitchell Capital Mitchell, SD
Article from The Mitchell Capital, May 7, 1897

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# Clever $100 Counterfeit. A marvelous counterfeit $100 bill of the series of August 10, 1892, is now in possession of the receiver of the defunct Mullan-phy Bank, St. Louis, Mo. It is printed on genuine government bank note paper, and is such a clever imitation that it has twice passed through the treasury department and has been reported genuine on each occasion. The bill is well worn and one mistake in printing appears upon the back. Where the numerals "100" are printed in double column on one end they read "001." Many of these bills are thought to be in circulation.

18. May 13, 1897 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, May 13, 1897

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# A Wonderful Counterfeit. A marvelous counterfeit one-hundred-dollar bill if the series of August 10, 1862, is now in possession of Receiver W. J. Stone, of the defunct Mullanphy Bank, of St. Louis, Mo. It is printed on genuine Government bank-note paper, and is such a clever imitation that it has twice passed through the Treasury Department, and been reported genuine on each occasion.

19. May 20, 1897 The Valentine Democrat Valentine, NE
Article from The Valentine Democrat, May 20, 1897

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"Winding Up" a St. Louis Bank. Receiver Stone, of the defunct Mullanphy Savings Bank at St. Louis reports that rapid progress is being made in winding up the affairs of the bank, and that a final settlement will be reached much sooner than expected. He says he will be able to pay out $175,000 or $200,000 within the next few days if the court grants the order he has asked for.

20. April 7, 1898 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, April 7, 1898

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MISMANAGEMENT Charged 'n Connection With funct St. Louis Rank. St. Louis, April 5.-Attorneys repre senting ex-Gov. William J. Stone. ceiver for the defunct Mullanphy San the ings bank, has filed a petition in circuit court, charging the directors the bank with mismanagement and praying for permission to sue them for st damages because $300,000 worth of leged worthless notes, held by car the bank among its assets cannot be lected. Receiver Stone states that has already paid up about half of the $616.000 in claims against the bank.