Mexico weekly ledger. (Mexico, Mo.) 1855-1956, 1902-01-23
p. S. ADAMS MISSING.
AS HER or THE FULTON CON.
MERcIAL BANK has BEEN
GONE SINCE MONDAY.
BANK CLOSED BY DIRECTORS.
Stockholders Will Probably Lose From
40 to SO Per Cent of Par Value
of Stock 1t is Claimed That
Adams Met With Foul
Play.


AhS hiiSOtolo anu utpUolbuIo Vi III
| Commercial Bank, Of Fulton, wert
thrown in q furry OF excitement
Thursday afternoon when it was ascer
tained that the bank was neither re
ceiying nor paying out money.
After four o'clock the rumor became
current that Mr.. p. S. Adams, the
cashier, had been missing since Monday
and that he had taken with him s4,.
10000 in currency.
1t was soon learned definitely that
Mr.. Adams had left Monday afternoon
for st. Louis, taking with him forty.
five hundred dollars In cash to be de.
posted in the Franklin Bank.
That some checks had been present.
ed late Monday afternoon and pay
ment had been withheld.
That Il. N. Tuttle, n stockholder,
had been in st. Louis all day Thurs
day looking for Mr.. Adams and has
found no trace nor tracks Of him.
That Mr.. Adams had not reported
to the Franklin Bank of st. Louis, nor
had the "a, 500 been deposited there to
the credit Of the Commercial Bank Of
Fulton.
The family was very uneasy about
Mr.. Adams, fearing that he had been
dealt with fonlly.
Judge $. p. Beaven, President Of the
Commercial Bank, learning at noon
Thursday that some trouble existed,
made haste TO Jefferson City to
acquaint the State Department Of the
condition and ask for bank examiner.
Mr.. George Carstarpnen, at the head
Of the bank examining department,
with Judge Beayen arrived at Fulton,
by hack at $3.50 last night.
The directors OF the bank, Mr..
CaHtarphen and Mr.. Stanley Adams
proceeded to the bank to make an ex-
animation Of bank books and securities.
Mr.. Carstarphen, after two hours
work, at midnight said the books
appeared to be in good condition and
that the securities were all accounted
for.
Judge Beayen supported this state
ment and said further that the notes
were good.
In the hasty, yet careful examina-
tion last night forty-fye thousand
dollars in securities were found all Of
which we're pronounced good except
note of $1,000 against While & Booth.
This amount agrees with the books Of
the bank.
The liabilities OF the bank appear,
on hasty examination, to be about
fifty thousand dollars. Dispositions,
$4,000 and stockholders, $4,000.
OF course, with Mr.. Adams return
with the forty-tiye hundred dollars
cash, the bank will at once resume
business; but it is feared that Mr..
Adams has met with foul play and
that a receiver will, of necessity, be
appointed to wind up the affairs of
the bank.
The Commercial Bank was organiz-
ed on the 7th day OF November, 1890,
with a capital stock OF $4,000.
". L. JAMESON RECEIVER.
s h. Cook, Secretary Of State,
arrived Friday morning and after a
hasty examination OF affairs found
the capital stock OF the bank inn
paired so that he deemed it adj
visablc TO appoint temporary re-
celyer. Mr.. W. f. jameson was
appointed and will have charge
until the capital stock Of the bank is
made good or until it is deemed
advisable TO wind up the affairs Of
the bank,
Mr.. Cook, after consulting with
Mr.. Carstarphen, was able to give
out the the following statement of
affairs, which may be amended on
further developments.