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Charter # 4243 Maryville National Bank, Maryville Missouri

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MeadowviewCollector's Avatar
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 Posted 08/14/2017  8:52 pm Show Profile   Bookmark this topic Add MeadowviewCollector to your friends list Get a Link to this Message Number of Subscribers
For Moxking, a short history of a national bank located in his hometown.

Maryville, platted in 1845, is located in Nodaway County in the northwest part of Missouri. The city was made the county seat at this time. Over time, Maryville became home to many businesses.

The first bank in Maryville, George S. Baker & Co., private bankers opened for business in December 1868 and was sold to Nodaway Valley Bank in 1873.[Source 1] Baker was not out of the banking business however.

In 1874, George Baker along with Richard Saunders and John Saunders established the banking firm known as Baker, Saunders & Co., Bankers [Source 2] Below is an advertisement from the May 31, 1877 Nodaway Democrat

Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri

The bank continued to operate through the 1880s as a private bank. Sometime in late 1889 or early 1890, the men decided to take steps to become a national bank. The Comptroller approved the request on February 26, 1890. Thus was the birth of the Maryville National Bank.

The Bureau of Engraving and Printing prepared plates for Series 1882 $10's and $20's bearing the bank's name with the February 26, 1890 plate date. These were Brown Backs which featured the bank's charter number in the center on the back with the state seal on the left.

Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri

Circa 1906 the bankers elected to add the five dollar denomination to their circulation. The request was approved by the Comptroller. Plates were made and a proof sheet printed for inspection. BEP Director, Thomas Sullivan approved them for use.

The Aldrich-Vreeland Act passed in 1908 required the BEP to modify the securities clause to include the phrase "or other securities". The Maryville National Bank received and issued minuscule quantities of Series 1882 Date Back fives, tens and twenties. [Source 3 explains more about the Act mentioned in this paragraph]

The initial charter for the bank expired on February 3, 1910 and the bankers chose to renew theirs. As the old plates were obsolete this necessitated that new ones be prepared and certified. These were Series 1902 Date Backs with the "or other securities" clause. Proof sheets exist for these--pages 124 and 125 [Source 4]

The Maryville National Bank continued to operate until August 1, 1913 when it was liquidated. The bank had $100,000 in capital which had doubled from what the bank began with in 1890. Surviving notes from this bank are few and far between. Lyn Knight said there are 5 notes reported when he sold a Series 1882 $20 Brown Back at IPMS 2014; the bill sold for $5,175.

Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri

The officers and directors of the bank had decided to revert back to a state chartered bank: The Farmers Trust Company of Maryville, Missouri. Postcard showing the Farmers Trust Company building
Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri

Winding down this lengthy history, the Farmers Trust Company of Maryville closed it doors for good on April 7, 1930. [Source 5]

Sources:

Source 1: History of Nodaway County, Missouri 1882 page 295
Source 2: Daily Democrat-Forum June 2, 1915
Source 3: http://www.coinbooks.org/esylum_v19n29a17.html
Source 4: https://transcription.si.edu/project/7762
Source 5: https://www.courtlistener.com/opini...y-natl-bank/

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moxking's Avatar
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 Posted 08/15/2017  08:17 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
I sincerely thank you for your time and research talent in providing this history. The bank remained standing as of last summer when I visited Maryville.

I'm not a currency collector but I've included some notes that tie in to specific dates in my albums. My albums are arranged by date, rather than by type. I pick dates that include types I don't have, or dates that are of significance to me.

Having a few notes or tokens in my US albums gives a better idea, beyond coins only, of what was in circulation in a given period.

I was sad to hear the Maryville notes were so difficult and expensive to obtain. But ill still put them on my want list and perhaps one may be found.

Again, my since thanks. I've put your article into my album covering those dates so I do have that.

For me, knowledge learned in collecting is worth at least as much as the items themselves and it's great to start my day with a new jewel in hand.
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MeadowviewCollector's Avatar
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 Posted 08/15/2017  3:31 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Your very welcome.

I should have posted the website where I was able to obtain the old newspaper ad since it is actually a Missouri State Historical Society one. http://shsmo.org/newspaper/mdnp/

On there just scroll down below the map and select a county. Not all counties are available though.

-MV
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Coinfrog's Avatar
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 Posted 08/15/2017  4:28 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Thanks once again, MV - great read.
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MvleMO55's Avatar
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 Posted 08/15/2017  7:05 pm  Show Profile   Bookmark this reply Add MvleMO55 to your friends list Get a Link to this Reply
Hi...saw this and it is interesting as I am from there also. There is another bank from there too....#3268. It produced some large size, but small size type 1s are available too. Any historical data on The First National Bank of Maryville? Thanks.
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 Posted 08/16/2017  2:58 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
The First National Bank of Maryville was organized August 28, 1884 with $100,000 in capital. The first type of currency printed and issued by the bank were Series 1882 Brown Backs $5's, $10's and $20's.

When the bank's charter came up for renewal in 1904, they renewed and the first notes printed for them were Series 1902 Red Seal fives, tens and twenties. Kelly census shows 1 $10 and $20 Red Seal reported.

Series 1902 Date Back and Plain Backs were also issued by the bank. The Kelly census lists two dozen notes in the three denominations. A person is more likely to come across a Plain Back as these were last type of large size note issued by banks.

Small size notes are Type 1's in the same $5, $10 and $20 denominations. The FNB of Maryville was placed into receivership August 10, 1931. Outstanding circulation was $96,040. https://fraser.stlouisfed.org/files...935-1939.pdf

In fact, on ebay at the moment is a lot of 3 consecutive Series 1902 Plain Back $20's these have been listed for sale on there for at least a year. The problem I see with having three consecutive is most collectors only need a single example.

-MV
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MvleMO55's Avatar
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 Posted 08/16/2017  4:12 pm  Show Profile   Bookmark this reply Add MvleMO55 to your friends list Get a Link to this Reply
Thanks for the helpful info! Another potential drawback seems to be lack of signature on those 3 notes too....not sure.
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 Posted 10/01/2017  11:07 pm  Show Profile   Bookmark this reply Add MvleMO55 to your friends list Get a Link to this Reply
Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri

The First National Bank of Maryville, MO, southeast corner of Main and Third Sts.
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MeadowviewCollector's Avatar
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 Posted 10/02/2017  4:46 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
way to go MvleMO55 on finding a picture of the FNB of Maryville and its location. I was unable to find this information when I made the short post above.

Thanks for sharing this

-MV
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MvleMO55's Avatar
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 Posted 10/03/2017  3:51 pm  Show Profile   Bookmark this reply Add MvleMO55 to your friends list Get a Link to this Reply
Glad to have found it. I enjoy the history too.
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MvleMO55's Avatar
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 Posted 10/24/2018  9:13 pm  Show Profile   Bookmark this reply Add MvleMO55 to your friends list Get a Link to this Reply
Maryville National Bank Charter 4243
NW corner of 4th & Main Streets
Maryville, MO

Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri
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scopru's Avatar
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 Posted 10/25/2018  08:03 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Great photos adds MvleMO55!
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jbuck's Avatar
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MeadowviewCollector's Avatar
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 Posted 10/25/2018  11:27 am  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

Awesome to see this pic!

-MV
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Coinfrog's Avatar
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 Posted 10/25/2018  12:17 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Interesting how they eventually calmed down the building's exterior.
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 Posted 10/26/2018  05:37 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Nice write-up MVC. I'm not sure how I missed this the first time around.
I really like matching up photos of old banks with large size National notes. From what I've read, the late 19th century was a very active time for banking in the United States. I've been fortunate, and through the local and state archives and libraries I've been able to match up Tampa Nationals with photos of the banks in the era.


Charter-#-4243-Maryville-National-Bank,-Maryville-Missouri
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