Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1882-06-29
MISSOURI STATE NEWS.
The Mastin Bank.

The Mastin Bank.
The recent meeting of creditors of the
defunct Mastin Bank in Kansas City was at
tended by parties representing nearly $780,
| 900 of the unpaid accounts of the institution.
The gathering was called in the interest of
Anderson, Chiles & Co., of Independence,
who were creditors of the bank to the
| amount of So, 900 at the time of the failure.
| Mr.. Gates was present on their behalf and
stated the purpose of the meeting to be to
secure, II possible. the cooperation OF the
other creditors in order that the affairs OF
| the assignee might be investigated. As is
well remembered, the Mastin Bank closed
its doors in August, 1873. the liabilities at
that time being placed at about $4,000 600.
At the request Of certain large creditors,
| Col. Kersey Coates, of Kansas City, was ap-
| pointed assignee of the institution, and at
once entered upon the discharge Of his du.
ties, furnishing bond in the sum of 81 ,0oO,-
| 900. At the time he took charge of the at
fairs the assets were placed at about 81, $780,
900, good, bad and Indifferent, and up to
date the creditors have received 1-2 per
cent. of their dues. In all, some $3.50, 900 has
| been collected by the assignee, and of this
! 100000 has been paid, and Col. Coates's
| laSt bIdteluCub ~ Tue COuIe buO"Co ehuo Nv
had 500, 900 in his possession on April 1. 1t
| is natural to suppose that he collected sew
eral thousand dollars since that time. or
this amount 100000 was realized during the
| first year following the failure, and the re-
naming $50, 900 since; $4,000 has been paid
the assignee, $50, 900 to attorneys, and about
| 81 900 for clerk hire. 1t is claimed that the
expenses of the assignee's office since the
! Oil 10 hoox oh hU
the reports filed by the assignee. 1t was
not stated, however, that of this amount
some $45, 900 was for notes and New York
drafts, which Col. Coates had been COM
PEELED to pay by order of the Court. It was
resolved that II Col. Coates was not using
proper efforts to realize upon the claims
now held by him, it was the duty OF cred
itors to see that some one else was appoint-
ed in his place. If, however, he was using
proper efforts, and the facts were
shown that the expenses of his office
were greater than the amount realized
during the past four years, then it was his
duty as assignee to sell the assets in his
hands to the highest bidder, and if he re-
fused the creditors should take proper steps
to force him to such action. A committee,
consisting of w. J. Scott, E. P. Gates and
vestigate the affairs of the bank, and to look
| into the possibility of ex-State Treasurer
Gates claim of 5000, 900 being allowed as a
! perfected claim. 1t was also reported that
a New York syndicate had offered % per
cent. for the outstanding claims Of the bank.
The Brookfeld Bank Robbers.
Frank Mason, the member of the
gang who weakened before the armed posse,
and negotiated the surrender, talked freely
of himself, but stubbornly refused to say
anything concerning the rest Of the gang.
| When asked why he committed the robbery.
| he replied: 81 will tell you as I have told
others. My only incentive was to relieve
| my father who lives in California. and whose
farm Is mortgaged to such an extent that he
can not save it. Every letter he has written
me of late has been filed with the story OF
| his misfortune, and he was being dragged
slowly to the grave. knew with the pres
emit care weighing upon him he could not
! live over ten years, and [ determined
! to relieve him, no matter how des-
perate the game I played for that pur-
pose, so long as I did not take life.
thought by robbing the bank could secure
enough money to pay my fathers's indebted
ness, and he would not suspect but that
had saved the money out OF my earnings"
! Mason seemed considerably broken down,
| and said he regretted what he had done, and
! was aware that he was in very tight place.
! Burt Allen had but little to say, merely
! stating that he came from Indiana few
| weeks ago. Fox is by far the shrewdest
man in the gang, and evidently does not in
! tend to let his captors know anything of his
past history. He.says he has wandered con-
, siderably, but has been in the vicinity OF
! this city only short time. He refused to
| say where the gang met on the day OF the
! raid, or when it was planned. His captors
| tried to discomfort him, but did not sue
| coed, as he met all their questions with the
| cool indifference displayed by him from the
! start. Frank Mason, however, said they met
near Yellow Creek, and the robbery was not
| planned long before it was carried out. Mason
| said he did not know Fox's history, having
| known him but short time, and could not
| tell from what part OF the country he came.
James Mason is a little above medium
height, slender, and OF dark complexion,
but with an effeminate face. He is probably
| % years old. Fox, who, in face OF the threat
| to lynch him for lying, refused to disclose
anything truthful regarding the robbery or
money, still declares his name is Ward, and
| Mason is MS DTOtucTs I1e IL dbout Hfc IcEt
eleven inches high, of muscular build. black
| hair, and small, piercing black eyes, features
regular, but of the bull dog order, and ev-
| erything about him procla;ms the hardened
desperate. He is about the same age as his
pseudo brother. Frank Mason is short and
heavy set, inclined to the blonde order, and
is probably % years old. Allen is fully six
feet tall and rather heavy, but has an inno-
cent, boyish face and light hair and eyes.
He is believed to be one Jasper Parish, who
formerly lived near Kirksville, and was ar
rested and tried for assault on 14-year-old
girl about two years ago.
|
| Miscellaneous Items.
A baby in Poplar Bluff recently fell
from second story window into pile of
rubbish and escaped without any injuries.
Mr.. VIM. M. Woods, living near For
| syth, received three gun-shot wounds at
! the battle OF Gaines' Landing, Miss, March