9611. First National Bank (Washington, MO)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
5388
Charter Number
5388
Start Date
November 1, 1932*
Location
Washington, Missouri (38.558, -91.012)

Metadata

Model
gpt-5-mini
Short Digest
eefe4b74eced23e2

Response Measures

None

Receivership Details

Depositor recovery rate
68.6%
Date receivership started
1932-11-18
Date receivership terminated
1935-06-27
Share of assets assessed as good
14.0%
Share of assets assessed as doubtful
85.8%
Share of assets assessed as worthless
0.2%

Description

Articles report the First National Bank of Washington, MO was suspended (suspension date given as November) and a receiver (Joseph F. Holland) is handling claims. No article describes a depositor run; the bank is in receivership and awaiting dividends from the Comptroller, so this is a suspension followed by closure/receivership. The suspension date in the text is given as 'November' without a day or year; newspaper metadata suggests November 1932.

Events (4)

1. June 2, 1900 Chartered
Source
historical_nic
2. November 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank suspended and placed into receivership; receiver Joseph F. Holland handling claims after suspension in November (regulatory/receivership action).
Newspaper Excerpt
Receiver Joseph F. Holland advises that claims have not as been filed with him for of the date of suspension, November
Source
newspapers
3. November 18, 1932 Receivership
Source
historical_nic
4. February 10, 1933 Receivership
Newspaper Excerpt
UNCLAIMED AT THE FIRST NATIONAL BANK HERE. Receiver Joseph F. Holland advises... Collections are coming in fairly well and he hopes to be in position to the payment dividend by the Comptroller the Currency after the three months' period for filing claims is over, which will be some time after April 1933. (Washington Citizen, 1933-02-10).
Source
newspapers

Newspaper Articles (2)

Article from Washington Citizen, December 2, 1932

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Article Text

He Can't Make Up His Mind cent interest from another farmer; he paid $2400 interest, lost and died in the poor house! We are paying about per cent annum on the per money in circulation. How long before we will go to the poor house? The Dupont Powder Co., made hundred profit in the war for which rendered no service. If it had given service would have been wages, not profit, but that is what profit for nothing. Now we must the Dupont pay heirs four million year for nothing. That's When Kehrens of St. Louis left an of about $40,000 to each of three children. One of women recently in court gave her address as New York and London,' which caused me to exclaim, what ambrosial food of the gods have you been feeding that you have grown wondrous fine!" And answered, "rents, interest and profits" taken from St. Louis, to spend in London. It may cost your Uncle Sam year to deliver her mail and he is going behind $5,000 minute now! You may not this interest and profit problem, but next year you will get the Sales Tax: that will terest you very much. EVINS LET'S PLAY THE GAME FAIR Editors Citizen: The other day one of our attributed the state of fairs in France to the voting of the French people do not know whether the French vote more than the people of other, and but that not the reason for the state fairs in France today. France had war taxes. Not single penny the cost the war was paid by France. Other counsent both their money and their men. France sent only her inflated and bought silver gold, and foreign currencies. After and as result this the value the franc fell to one fifth former value and thus large part the internal debt wiped out. The purchasers the French Bonds were the losers. And France had the gold. would be to know why the National Bank in Washington, Mo., closes its doors just the election. That would good to Also would interesting to know state men get into the bet field corn and 20 bushels of potathe election results would be other than they were. that the only planation is that some what they want to believe. That reason does not enter Arthur Brisbane has several times asked why, in an like the present, when the needs not does it instead of floating through the If were of, and people, that is just what would happen. But we have ment and for the Suppose the loan the thru bond the Suppose get That equals bonds bear terest cent. per That equals end year that loan has the cost the taxpayers, in the ed the money, there would neither interest nor commission. "What fools these mortals all except the bankers. In 1916 county taxes were $30.88. This they are $64.62. More year than double and my prices cut in three We farmers are too honest. will have to get into high finance. Put into practice some of the "French stuff" Suppose kill two hogs of 200 lbs., each. That is 400 lbs. Suppose have two men help me and give them each an order of the meat. Suppose buy some corn and give an order for some more meat. And an order for still more for some potatoes. And go on suing orders for meat until have issued orders for 1,200 lbs. When men "cash come for their get just one third of what order for. This is inflation, otherwise finance.' Fine! Fine! Fine! Come gentlemen, let's this thing straightened out. Let's bring the bankers, and the Senators and Congressmen up to scratch. Let's make them insist that the be played fair. game take photograph mind at this instant, he will find murder impulse the negative. Let's call the "crime attention to this. that they have at last confessed that they were wasting the taxpayer's money and their own time on the prohibition end of Lets' hear from few of our brethern on this "high finance. should be interesting. The value of the dollar has not declined. Why can't pay my taxes calves and hens at the price four years less 10 percent equal your salary Clarence? Just tell me that. Something rotten Clarence. Something rotten Heinkel, Kline, Evins, Klingsick, let's have an Ideas sometimes money We have found that already By the God Isaac and something must done to bring about justice fair dealing between men nations if this Democracy is to be Why in the face facts should we consider war debt deduction or postponement of payment? This goes to prove that neither trust nor confidence can be placed in men and nations. France after being snatched from the jaws of certain defeat thus repays her lies and delivers. Get the money! GIVING MEN JOBS Editors Citizen: We all know that many people are out of ployment and many people have be fed and clothed ing the winter months. Who going to for this? Well, you pay and who contribute to the charity funds are going foot the bill. Each one us gives few dollars and only thing receive in return for our money comfort knowing that many families will shelter, food, fuel and clothing, and this We see many statements printin the that are made by men who are in need. These are as saying: "We don't want charity; want Now, Mr. why not give them jobs? can't be say. Oh, yes, can. Here plan: the citizens of your Suppose town contribute or more charity for this Winter. Well, keep ord of the amount each man contributes. When you have this record, deal out $500 or $1,000 worth of jobs at 35c per hour, which is not poor salary. How are we to deal out the jobs? Like this: If contribute $5 to the fund this Winter, that will mean that shall receive return about 14 hours worth of labor If am property owner, one of the unemployed men can get two short days work at my place doing repair work, cleaning up my lawn garden plot, painting my gartrimming some trees, taking away ashes, etc., or any odd job might have. own business place, there will be some odd jobs to be done around there. The amount of jobs that citizens provide depend on the amount of money they contribute to the charity fund. If there are more jobs than who receive some of the jobs will have to remain unfinished, but the are that there more workers than jobs. Family and housework women can included in the situations offered. Of course, where families who receive charare physically unable to work, work will be expected for the donations they receive. don't say that when receives charity that he must promise work for order to get the donation. plan only for ed who always say that they want jobs. This plan will them some jobs at 35c an hour and that should satisfy them. The man who receives $25 worth groceries, would work ten days of seven hours each. In some cities the charity fund made up in other way besides individual Funds are raised by Suppose town $500 fund in that how work the plan? We could work like this: Create some jobs like fixing holes in streets, getting rocks, etc. The main thing to watch would be to create new jobs not interfering with any labor done by regular city employees. When fellow receives charity and wants to work for the ceries, clothing or fuel he give him job. If he not want work for he'll probably tell you why. Let's whether majority of the employed accept the job they are talking about. We find until we offer them something Surely, they ought not to object to our willingness give them chance. TIMER


Article from Washington Citizen, February 10, 1933

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Article Text

UNCLAIMED AT THE FIRST NATIONAL BANK HERE Receiver Joseph F. Holland advises that claims have not as been filed with him for of the date of suspension, November the bank had total deposists of and since January month's time. has received claims for leaving still claimed. would like to get these filed with him just as soon as possible. Collections are coming in fairly well and he hopes to be position to the payment dividend by the Comptroller the Currency just as soon the three months' period for filing claims is over, which will be some time after April 1933.