The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1882-03-07
BOUNCED BY THE BOARD.
G. N. A. CLANCY. the Cashier,
Deposed on Saturday
Night Last.
Hell Talks to q Bazoo Reporter,
as do Also a Couple of
Directors.

1t has been pretty generally known 70
some days past that all was not serene a
the Pettis County bank, and rumors @
every sort have been afioat upon the street.
This morning it became first known that
meeting Of the board was held on Satur
day night last, at which some importan
business was transacted, the general natur
OF which had not been made public.
A BAZOO reporter was instructed Z,
strike out and ascertain the true situation
and In doing this he experienced not littl,
difficulty.
As commencement, he attempted I.
interview Mr.. Ed. Hurley, one of the bank
directors, but he refused to- saw ANYTHING
more than that some Irregularities had
been discovered. The bank was, he said
perfectly solvent. and able to meet all OF
its liabilities
Mr.. III. L. Sinnett, another director. was
the next gentleman met, but he was non.
cOmmittal. He admitted there had been
some trouble, but did not care to talk upon
the subject
Dr. K. T. Miller was the third director
whom the scribe talked with, and in him a
inner field was opened up. He said the
board OF directors held n meeting Saturday
night, at which MIR. CLANCY, the cashier,
was depOsed, but not without sufficient
cause. Being asked for the reasons for
taking such action, he stated them. briefly.
as follows:
Some two weeks age a committee was
appointed to investigate the banks condi-
ton, and although these gentlemen have
not vet completed their labors, they have
discovered discrepancies in the books which
look bad. The attention of the board was
called to them, and early last week they ask
ed Mr.. CLANCY to give bond for $4,000,
which he failed to do. This was the cause
of his being deposed.
Mr.. Miller stated that the bank was i'm a
perfectly solvent condition. A little run
was experienced on Saturday last, but
every dollar that was called for had been
paid promptly. They have 10000 unpaid
capital, which has been called in.
and to-day they received offers OF assist
ance from the First National and Savings
banks OF this city i'm case il was needed.
He said he did not know what Mr..
Chaney's discrepancies would amount to,
but the stock he held in the bank would
probably more than cover the amount.
The gentlemen comprising the investi-
eating committee are still at work, and it
will be a couple OF days before thew pre-
pare their report. "You can saw" said
MIR. Miller, in conclusion, that the
Pettis county bank is perfectly solvent"
CHINNISG CHANEY.
&. VI. A. CLANCY, the late cashier OF |
the Pettis County bank, was corralled ON !
Ohio street by BAzOo reporter and es-
,orted to the office, where the following
interview occurred:
Reporter-There seems to have been
ome trouble between the board of direc-
ors and yourself i'm regard to the manage
nent of the bank. Is there ANYTHING Won
lesire made public?
Chaney-NOt at present +
Reporter-Wasn't there some action
AIKEN by the board Saturday night at a
Meeting held BY them
CLANCY was not present at any meet
NC. Il
Reporter-Iou have heard of such
Meeting?
Chaney-No, have not. il
Reporter-lt is reported that the board ,
as tried to take snap judgment OH you. I
Chaney-les, that's it exactly I
Reporter-Is there any new man i'm the ,
ank at present?
Chaney-NO; Mr.. Melvin is simply )
mere to balance the books.
RepOrter-Have you any idea of what /
ne board intend doing? |
Chaney-Ies but of course it is only
ON observation. 1
Reporter-What objection do they urge
gainst you?
Chaney-That | do not know. see d
ne of the city papers saws the board i
larges me with incompetency. The truth Fl
ii is, they have made terrible mistake.
hey are in a muddle and do not know
Dw To get out of il.
Reporters there any probability of q
lie matter getting into the courts?
Chaney-If il is not settled satisfactorily 4
me il will surely go there. | own 1.0 Y
ares, or one-third of the stock. the par :
llue OF which is Sle0 per share. +
Reporter-Who is at the head of this q
ovement against You? :;
Chaney-Judge Field is at the head, but 5
r. Miller is acting As spokesman. ?,
Here Mr.. CLANCY remarked that he did #
t care to talk further, so took his de-
rture. .,