The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1882-11-21
PETTIS COUNTY. BANK.
A Bank Of Few Days and Full
of Trouble.

The Petite County Bank is not a very
old bank but II is replete with history, all
ef which is familiar to the minds of the
people of Sedalia and central Missouri.
There has been an internal war-a war
for supremacy insipe Of the concern. Sui,
after suit, Injunction after Injunction came
and passed in quick succession and finally
the matter resulted in the bank losing
what little patronage it had gained through
its friends.
BY a recent decision igven by Judge
Givan in ,he Johnson circuit court a new
election was ordered and the returns of
which we're certified to him when he issued
the olflowing order:
At Chambers, Jacksonville, Mo.
Whereas John ID. Russell and Thorn az
ID. Quinn of the inspectors appointed by
the circuit court of Johnson county, Mo-,
to conduct An election for directors of the
Pettis County Bank of Sedalia:: Mo, order
ed by said court to be held in the Director.
room Of said bank, ut O'Clock p. IN. on
Wednesday, Nov. Is, 1882, have pur-
suant to the judgment of said
court duly certified and made return CT
said election TO me and,
WHEREAS. From said return it appears
that the following named persons received
the number of votes, respectively, as fol-
lows:
M. A. Clancy, 4S2 votes; U. F. Short
4Sl Jno. ID. Russell, 4Sl ID. I. Clancy,
4Sl Ed. Hurry, 376f; T. ID. Quin, 1851;
Z. r. Field, 37ol; w. 5. Baker, 376f.
And it further appearing that q. NJ. A..
CLANCY, q. +. Short, Jno. ID. Russell and
ID. L. CLANCY are the Sour stockholders
who received the highest numbers of votes
cast at said election, they, and each OF
them. are hereby declared to be elected
directors of said bank.
1t is therefore ordered and declared thai
the said four persons just named, are the
directors, and shall constitute a majority
of the board of directors Of said bank, I'm.
til the next regular annual election for
directors, or, until they shall resign.
Ii is further ordered that said four per-
sons assemble at the directors room of
said bank, at 10 o'clock a. M on Satur-
day, the 18th OF November, 1882, and then
and there qualify as directors, and its Off.
GERS shall at once take possession and con-
troll of the assets and business of said bank
and the same is hereby ordered to be
IuEncu OScT anu uCllNcBc0 tO tucius
Ii is further ordered that notice of this
order, signed by me, be served upon said
persons, hereby declared to be elected di-
rectors Of said bank by the sheriff Of Pet
lis county, Mo. NOAH NJ. GIvAN,
Circuit Judge.
The directors held a meeting, yesterday
morning, in the bank and all Of them, ex
cept ID I. Clancy, were elected 70 an OF
fee. C. NJ. A. CLANCY was elected presi-
dent, u. +. Short vice president, and J. d.
Russell cashier.
A few minutes before o'clock p. M,
yesterday. BAzoO reporter dropped into
the bank and found DIR. X. 7. Miller, the
retiring vice president, and T. F. Melvin,
TIE retiring bookkeeper and acting cashier,
seated by lukewarm coal stove, awaiting
the coming of events
II reckon / have made my last balance
in here" said Melvin, and then there was
a long silence.
A few minutes after o'clock, C. M. A.
CLANCY and his son, d. T. CLANCY, arrived
and took seats facing the same stove.
DR.. Miller, addressing Mr.. CLANCY, said:
"Please let me see the order of the
court"
Mr.. CLANCY took out of his pocket
document and handed it to DR.. Miller,
which he read.
While DR. Miller was reading the docu-
ment, C.. r. Field, assistant cashier of the
old organization, and his father. Curtis
Field, the president, dropped in and took
seats.
A few minutes later the newly elected
cashier, ]. ID. Russell, came in and swap
ped the compliments Of the da. with those
present
Very soon Mr.. Melvin turned the cash
on hand 1885, Ss, over to Mr.. Russell,
which he counted in the presence of the
officers TLen the notes and books were
glanced at and the things turned over to
the incoming officers and directors, iuclud-
ing::bilIs payable, SIS, ALTA.
Finally Judge Field said: IL shall ex
pect you, Mr.. Russell, to give bond as
cashier, as the statute provides"
Chaney-Judge Field, you have nothing
further to do with this bank. The court
has ordered these directors TO take posses
sion, and we are going to do it.
Field-It is right and proper for the
cashier to give bond, and shall insist
on that way of proceeding.
Chaney-The new board of directors
will take care of that. Ii is in their pos
are the custodians Of this
you.
Field cannot consent to let this prop |
erty 60 until bond is given.
Some hot words passed between the ex-
president and the president, which was
soon passed over, when DIR. Miller sug-
gesfed that Russell give receipt for such
property as was delivered to him.
This was acquiesed in BY Russell, and
Melvin wrote the receipt for the money
and the bills payable, which was signed.
The balance of the assets, books, ETC.,
will be transferred the first Of the week,
and then business will begin again.
1t is surmised that the trouble is not at
IN end.
A Big Success.
Nv wife was in bed two years with
duplication of disorders her physician
rou1O not curs when I WA led tn try