Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-08-11

Christian Endeavorers Can Do" After
the devotional services at As, Rev.
Watson of Ironton led the subject of
Bible Study with talk on when to
Read the Bible" He was followed by
Rev. Gaus of St. Louis with very in
structive, practically helpful presenta-
ton of How to Study the Bible" He
used a blackboard carefully prepared
with a practical presentation Of a
method. A short time given by him
to What Helps to Usef was interest
ing and beneficial. Mr.. Withers of
Piedmont took charge of the discussion
of Committee Work. Several commit
tees were taken up and their duties
deliberately and Interestingly discussed.
Ironton was not at all misrepresented
by our musical talent. The solos by
Messdames BufOrd, and Jones and
Misses Julia Andrews and Rosa Jones,
were all splendid. Not operate nor
ALLEGATIONS, but good, spiritual music.
The following delegates were regis
tered: G. B. Miller, Augusta Conrad,
A. f. Conrad, A. 0. Conrad, ALI
ance; Miss Brokenshire, Lusher Thorn
as, Elijah Francis, Bonnie Terre; Miss
Mamie Quackenbush, Cape Girardeau;
Mr.. and Mrs. w. n. Flemming, Mr..
Bart FIemming, Miss Kate Marks, Miss
Antonio Sebastian, Pennington; Rev.
Moore. Mrs. DR.. Haley, Mr.. and Mrs. q.
G. Bloomer, Miss NJ. B. Gregory, Miss
Tillie Stevenson, Miss Olive De An
thony, Fredericktown; Guy NJ. With
ers. Piedmont; Kate II. Haus, Judson
A. Stanton, Rev. j. H. Gaus, St. Louis;
Miss Sarah Yount, Misses Minnie and
Mary HeitmaH, Yount.
The REGISTER several weeks since
told of the failure of the Citizens Bank
at Lufkin Texas. and the arrest of the
cashier, j. w. Craven, in St. Louis,
on the charge of forgery. Local in
terest attaches to the fact because Mr..
Craven was one of the organizers of
the Iron County Bank here and up to
year ago was cashier of that institu
ton, when he resigned and went to
Lufkin to organize the bank there. |
Mr.. Craven, before coming here, made |
his home in Texas county this State
where his father is still in the banking
business. The following taken from |
the Houston (Mo.) Star telling of the |
particulars of the Lufkin failure, and |
Mr.. Craven's connections Herewith. !
will be of interest to many of our |
readers: 1.-The failure of the Lufkin, |
Texas, bank has attracted considerable |
attention in Texas county, as the pro- |
prietor, Walter Craven, was raised |
here and is known to many of the peo-
pie, especially the citizens of Licking,
at which place his parents live, his |
father, j. A. Craven, being the owner
of the Licking bank. Last week the |
elder Craven went to Lufkin to look |
into his sons affairs, and was accom-
panied by Attorney Robert Lamar, who |
has been retained to look after young
Craven's interests. Realizing the in
terest taken in this matter by our peo-
pie, a Star reporter called on Mr.!
Lamar and asked for a statement as to
the cause OF the failure and the proba-
BILE outcome of the case. In answer
to questions the following was elected:
Il found matters in much better con- !
dition than l expected, from what |
had read and heard Of the matter be-
fore reaching there. 1t was simply a
case of honest failure. In the winter
and spring the deposits of the bank
ran up to over $50, 900, and, of course,
as is done by all banks, a good portion
of this money was loaned out. During
the summer months depositors began
to withdraw their deposits, until, at
the time the bank was forced to close
its doors, the deposits only amounted
to something over $4,000. The har-
Of
during this time and little later, just
before the cotton crop is marketed.
Young Craven had his means in a con-
dition where he could not realize ready
cash Immediately from it. He had
rediscOunted some of his best paper at
Galveston and Kansas City banks, but
still deposits kept diminishing, and his
outstanding paper was not yet due.
that something must be done,
he secured from friends in Lufkin some
paper to use until the
was passed. He went to
some banks in Texas and made an
effort to raise the money, but failing,
be then went to st. Louis to discount
this paper, and while he was there his
partner ran out of currency with which
to pay checks over the counter, and
the bank was forced to close its doors
The people, not knowing the condition
Of things, jumped at the conclusion
that Craven had taken the money and
abscoRded with it, and wired to St.
Louis to have him arrested. Judge
representing the depositors,
and myself went over the assets and
liabilities of the bank, and the assets
were placed in two classes, gilt edge
papers and a list which was called
doubtful, though it was thought it
could nearly all be collected. The
gilt edge paper-not counting the
doubtful list-ouly lacked 81, 800 of
equaling the liabilities. There was in
all about $4,000 in the doubtful list,
and from the best Information obtain
able, do not think there is any ques-
ton but there will be abundance
realized from the latter class to make
up the 1900. However. considerable
property in addition to the above has
been turned over to the creditors, with
the understanding that what is left af-
ter paying all liabilities is to be re-
turned to Craven and his partner, Mr..
Snow. Craven has forged nothing,
and was not arrested on any such
charge-the complaint, and the only
one lodged against him. being for re-
ceiving deposits while the bank was in
a failing condition. and this was done