9612. Bank of Watson (Watson, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 14, 1896
Location
Watson, Missouri (40.477, -95.621)

Metadata

Model
gpt-5-mini
Short Digest
fb203afc239d6acf

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Feb 14, 1896) state the Bank of Watson, Watson, MO, was placed in the hands of a receiver by Bank Examiner Jones because its capital was impaired by bad deals of former management and directors permitted a receiver rather than recapitalize. No run or reopening is mentioned; the bank entered receivership/closure.

Events (2)

1. February 14, 1896 Receivership
Newspaper Excerpt
The Bank of Watson was placed in the hands of a receiver last night by Bank Examiner Jones. The bank's capital had been impaired by the bad deals of the former management, and rather than put up additional capital, the directors permitted a receiver to be appointed.
Source
newspapers
2. February 14, 1896 Suspension
Cause
Government Action
Cause Details
Bank examiner placed the bank in receivership after capital was impaired by bad deals of former management; directors permitted receiver rather than recapitalize.
Newspaper Excerpt
The Bank of Watson was placed in the hands of a receiver last night by Bank Examiner Jones. The bank's capital had been impaired by the bad deals of the former management, and rather than put up additional capital, the directors permitted a receiver to be appointed.
Source
newspapers

Newspaper Articles (4)

Article from The Topeka State Journal, February 14, 1896

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Article Text

A Receiver for a Watson Bank. WATSON, Mo., Feb. 14.-The Bank of Watson was placed in the hands of a receiver last night by Bank Examiner Jones. The bank's capital had been impaired by the bad deals of the former management, and rather than put up additional capital, the directors permitted a receiver to be appointed.


Article from Barton County Democrat, February 20, 1896

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Article Text

A Receiver for a Watson Bank. WATSON, Mo., Feb. 14.-The Bank of Watson was placed in the hands of a receiver last night by Bank Examiner Jones. The bank's capital had been impaired by the bad deals of the former management, and rather than put up additional capital, the directors permitted a receiver to be appointed.


Article from Hutchinson Gazette, February 20, 1896

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Article Text

97 A Receiver for % Watson Bank: W WATSON Mo, Feb. 14.-The 14. Bank ay of Watson was placed in the hands of a réceiver last night by Bank Examiner Jones. The bank's capital had been impaired by the bad deals of the former management, and rather than put up additional capital, the directors permitted a receiver to be appointed.


Article from The Butler Weekly Times, February 20, 1896

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Article Text

NEWS NOTES. The Bank of Watson, Mo., has been placed in the hands of a receiver. William Heddie hanged himself in jail at Norton, Kan., after having been sentenced to 15 years for murder. The Standard Oil Co. is opening oil wells near Bronson, Kan., that were suddenly plugged by them a year ago. Representative Dockery, of Missouri, has introduced a bill to revise the federal statutes. There has been no revition since 1873. Mayor Allen, of Peoria, Ill., publicly snubbed a Y. M. C. A. committee that called upon him and requested a suppression of gambling. Ambroise Thomas, the director of the famous conservatory and composer of "Mignon" and "Hamlet," died in Paris on the 13th at the age of 85 years. An uprising occurred at Leone, capital of Corea. Seven officials were murdered and the king and queen sought shelter with the Russian legation. There is a cattle war in Meade and Comanche counties, Kan.. because stockmen persist in shipping Texas cattle there and herd them on land belonging to non-resident owners. The Mexican government is deporting American tramps under a clause in the constitution allowing the executive to send away pernicious foreigners. Tramps from the United States have become a nuisance. A telegram received at Pt. Petersburg from Irkutsk, Siberia. says a Siberian trader named Kouchnareff, has received information that Dr. Nansen has reached the north pole, has found land there and is now returning towards civilization. The Missouri state council, J. O. U. A. M., in session at Chillieothe, elected Rev. H. A. Slaughter, St. Joseph, state counselor; H. H. Hinde, Kansas City, vice counselor, and J. A. Spencer, Chillicothe, chaplain. The next meeting will be at De Sota