Forgrave (Paul) Complaint to State Commissioner of Finance about Take Over of Missouri Valley Trust Company to Tootle-Lacy Bank, 1950
Entry/Object ID
AM2017.25.21
Scope and Content
Dr. Paul Forgrave Complaint to State Commissioner of Finance about Take Over of Missouri Valley Trust Company to Tootle-Lacy Bank, 1950.
Forgrave's letter and responses by Bartlett & Elvira Boder.
A = Forgrave complains that he has 25 shares of stock in Missouri Valley Trust Company, inherited by his brother. Although he acknowledges that Bartlett Boder owned 90% of the shares, other stockholders were not consulted and received no dividend or offer to purchase their shares. He believes the bank should sell its assets and distribute proceeds to shareholders. undated
B = Bartlett Boder replies to State Commissioner after receiving copy of letter, that he believes the letter was prepared for Forgrave from another banker disgruntled because he did not buy their deposits. Nov. 22, 1950
C = Elvira Boder replies to Forgrave with an offer to buy his shares for $200@. She chides him, reminding him that Bartlett had served at no salary and preserved asset value. As to closing the bank and selling the building she says "We have no intention of throwing four people out of jobs or creating another vacant corner for St. Joseph.". Nov. 17, 1950
D = Forgrave accepts Elivra's office and asks where to deliver stocks for transfer.. Nov. 24, 1950
E = Elvira directs Forgrave to take stocks to Lacalli, VP at Missouri Valley Trust. Nov. 25, 1950
Lexicon
Nomenclature 4.0
Nomenclature Primary Object Term
Correspondence
Nomenclature Sub-Class
Other Documents
Nomenclature Class
Documentary Objects
Nomenclature Category
Category 08: Communication Objects
LOC Thesaurus for Graphic Materials
Banks
Search Terms
Boder Family, Missouri Valley Trust Company, Tootle-Lacy National Bank
