USA > Missouri > Greene County > Past and present of Greene County Missouri, early and recent history and genealogical records of many of the representative citizens, Volume I > Part 55
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Thus there were four banks in Springfield until 1885, when John B. Noland, John Holland and Lee Holland organized the Exchange Bank, which subsequently became the National Exchange Bank, under the manage- ment of John O'Day, James E. Keet and E. L. Sanford. Later it was known as the Merchants National Bank, which continued in business until it sold out to the Holland Banking Company, in 1914.
The Central National Bank was organized in 1887 by J. W. Powers, who came here from Kansas. It was operated about ten years and sold out to the Exchange National Bank.
The Commercial Bank, which was organized about this period, was conducted several years, and liquidated.
The American National Bank was organized during the latter eighties and was operated about five years.
After the Greene County National Bank liquidated the Greene County Bank was organized, about 1888, and continued in business six years.
The Bank of Commerce was organized about 1890, and failed in 1893, being the first real bank failure in Springfield. Its failure caused much ex- citement and quite a pronounced flurry in financial circles in this section of the state. It is alleged that its failure was due partly to mismanagement. Its depositors were never fully paid. The disastrous and widespread panic of 1893 doubtless had a direct bearing on the closing of the doors of the Bank of Commerce. Other local banks were also hard hit. There were more banks than the city could well support at this period, several having been established only a few years previously. This panic caused the Ameri- can National Bank and the Greene County Bank to go out of business the following year.
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HOLLAND BANKING COMPANY.
The name Holland has been svonymous with the banking industry of, Springfield for a period of forty years, the Hollands having conducted a private bank, as before stated in this article, up to September 21, 1896, when, under a new charter, they began doing business as the Holland Bank- ing Company, T. B. Holland continuing as the head of the firm until his death, in the summer of 1913, when he was succeeded by William B. San- ford, who has since been president. The bank has been located at St. Louis street and the public square for over thirty years. The building was re- modeled on an extensive and elaborate plan in 1914, a fine grade of marble being used to good effect, and no bank in the southern part of the state has better or more up-to-date fixtures, these being installed at a cost of nearly thirty thousand dollars. The capital stock is two hundred and fifty thousand dollars, deposits two million five hundred and fifty-five thousand dollars, total resources being at this writing over $3,000,000. The Merchants National Bank and the State Savings Bank were consolidated with the Holland Bank- ing Company in September, 1913. Since then officers have been William B. Sanford. president: Edward L. Sanford, J. H. Keet. G. S. Mitchell, vice- presidents : E. N. Ferguson, cashier : E. G. Rathbone, assistant cashier. The above also constitute the board of directors.
THE NATIONAL BANKS.
There are at present only two national banks in Springfield and Greene county, and they are controlled by the McDaniel family, which has been one of the most prominent in banking circles in southwestern Missouri for half a century. The Union National Bank at the southeast corner of the public square was organized July 18. 1899, and has occupied its present site ever since. It has a United States depository, having been a member of the Federal Reserve Bank since in December. 1914. or since the establishment of the same. It is on the roll of honor. a position given all national banks which have earned surplus in excess of their capital. It is the largest national bank in Missouri outside of St. Louis, Kansas City and St. Joseph. It has carried the largest reserve of any bank in the state in proportion to the volume of business. The capital and surplus amounts to $225.000, and the deposits throughout the year average $2.coo.000. frequently exceeding that amount by a good many thousands. The present officers are H. B. Mc- Daniel, president: W. J. McDaniel. vice-president ; S. E. Trimble, cashier. The stockholders are H. B. McDaniel, W. J. McDaniel. E. E. McDaniel, N. A. McDaniel. Lizzie P. McDaniel, S. E. Trimble and Mabel Rathbone.
The McDaniel National Bank, at 308 South street, was organized
GREENE COUNTY, MISSOURI. 513
August 13, 1911, George D. McDaniel being the principal organizer. He was formerly cashier of the Union National Bank from the time it was or- ganized until he left that institution, in 1911. He has been engaged in the banking business in this city for over twenty-five years, having been con- nected for many years in his earlier career with the old Central National Bank in Boonville. The McDaniel National Bank is a member of the Fed- eral Reserve Bank, and is, therefore, subject to rigid examination twice each year by an examiner appointed by the United States government. This bank has no county, school or city money on deposit. It has had a sub- stantial growth, having begun business on September 19, 1911, with re- sources of $124,537. Its last statement shows that its present resources aggregate $1,119,200. The capital stock is $100,000, with deposits of over $900,000. The officers are Henry L. Schneider, president; W. T. Bruer, vice-president; George D. McDaniel, cashier; J. C. McDaniel, assistant| cashier. The board of directors are Henry L. Schneider, Alvan D. Milligan, L. E. Lines, Mrs. T. B. Holland, W. T. Bruer. J. C. McDaniel, George W. Anslinger, Gertrude B. McDaniel, George D. McDaniel, Elizabeth N. Mc- Daniel and C. B. McAfee.
FROM NOTHING TO A MILLION.
Few banks of Missouri have ever had a more rapid growth than the Bank of Commerce, which started seven years ago with very little capital and whose present resources are over $1,000,000. It was organized in November, 1908, by D. J. Landers. It has a capital stock of $100,000; de- posits, $960,000, with total resources of $1,100,000. Its first officers were D. J. Landers, president ; John W. Williams, vice-president ; W. W. Coffman, cashier. The present officers are D. J. Landers, president ; H. N. Simons, vice-president; W. W. Coffman, cashier; J. C. Williams, assistant cashier ; directors, John Landers, H. N. Simons, W. W. Coffman, D. J. Landers, J. H. George, J. P. Nixon, W. A. Fallin. This bank has been located at the southeast corner of South and Walnut streets from the time it was or- ganized until June 1, 1915, when it was moved to elegant quarters in the new Landers' building, at the corner of Boonville street and the public square, on the site of the old Merchants National Bank. Its fixtures are at- tractive, modern and substantial, costing over $25,000; in fact, no bank in the Southwest can show more elaborate or attractive appointments.
The German-American Bank, at 326 South street, was organized Febru- ary 15, 1912, and opened for business March 16th of that year, C. M. Ellis and G. H. Boehm being the organizers. It did not enjoy a rapid growth at first, but recently has made gratifying strides, its deposits now rapidly in-
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creasing comparing favorably with other substantial banks of the city, with bright future prospects. Its capital stock is $50,000. It has very attractive fixtures. Italian Pavanazo marble was extensively used. The first officers of this bank were G. 11. Boelun, president ; L. Sutter, vice-president; J. L. Long, second vice-president : C. M. Ellis, cashier; Will Lohmeyer, secretary of the board of directors. The present officers are C. M. Ellis, president ; L. Sutter. vice-president ; . A. J. Markley, second vice-president H. D. AAw- brey. cashier; Buell J. Ellis, assistant cashier. Board of directors are C. M. Ellis, L. Sutter. A. J. Markley, H. R. Awbrey, J. E. Potter, Alzoa Park, Dr. F. B. Fuson. John N. Murry and G. H. Boehm.
PATRONIZED BY FARMERS.
There are two banks on Campbell street which do a large business with the farmers of Greene county. However, all local banks have large deposits by those who live in the rural districts surrounding Springfield. The Farm- ers and Merchants Bank at the northeast corner of Campbell and Walnut streets, was organized September 21, 1893. It was the first bank ever lo- cated on South Campbell street, and it has remained the only one in this field. It has a capital stock of $25,000, an earned surplus of $25,000, and total deposits of $300,000. It is on the roll of honor, as its surplus equals that of its capital. It has declared thirty-four three per cent. dividends, and one five per cent. dividend since its organization. It has had a steady growth from the first. Its first president was John Y. Fulbright, who held that position until his death, in May, 1912, when he was succeeded by R. R. Ricketts, who has been president since that date; the other officers are H. M. Smith, cashier, he having held this position since the bank was first organized ; W. O. Oldham was the first vice-president ; he has been succeeded by D. M. Diffenderffer.
The other Campbell street bank is the Bank of Green County, located at the northwest corner of Campbell and College streets, which has occupied this location since it was first organized, October 25, 1909. It caters to the business of the farmers of this county, and its present deposits amount to $170,000. It has a capital stock of $25.000. Its officers have remained the same from the time of its organization, namely: C. W. Smith, president ; J. V. Smith, first vice-president; WV. R. Self, second vice-president ; H. D. Smith, cashier; directors, C. W. Smith, J. V. Smith, J. F. Vincent, C. A. Denton, W. R. Self.
The Queen City Bank, which now occupies neat quarters on the north side of the public square, where it has been located since its organization, with the exception of a year or more as a result of the disastrous fire which visited that part of the city two years ago, was organized June 14, 1911. It
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has a capital stock of $25,000, and its deposits total $150,000. Its first officers were G. A. Watson, president; Harry D. Durst, vice-president ; T. A. Nicholson, cashier. The present officers are G. A. Watson, president; R. L. Pipkin, vice-president; T. A. Nicholson, cashier; directors, G. A. Watson, R. L. Pipkin, T. H. Gideon, James E. Sparkman and T. A. Nicholson.
NORTH SIDE BANKS.
The north side has long been well represented in the matter of banks, a number of strong institutions having been located on Commercial street during the past thirty-five years or more. At present there are two very strong and prosperous banks there, the Peoples Bank of Springfield and the Citizens' Bank. The Bank of Springfield was for a period of thirty-three years a substantial and popular institution. It has been referred to in a preceding paragraph in this chapter. It was located at Commercial and Jef- ferson streets. It was bought out in April, 1915, by the People's Bank. At that time it had a capital stock of $50,000, and its deposits amounted to nearly $400,000. Its officers were E. B. Bentley, president; F. C. Bentley, vice-president and cashier ; directors, A. C. Kilham, M. Kearney, R. E. Lee, E. B. Bentley, F. C. Bentley.
The Peoples Bank of Springfield was known as the Peoples Bank prior to purchasing the interests of the Bank of Springfield. It was located at Commercial and Boonville streets. It was chartered July 8, 1909. It had a capital stock of $25,000, and its deposits amounted to $260,000. The capital stock of the new concern is $50,000, with deposits aggregating $425,- 000. The first officers of this bank were B. J. Diemer, president; F. W. Garrett, vice-president; George T. Hine, cashier. The directors are B. J. Diemer, F. W. Garrett, O. T. Hamlin, W. W. Walker, R. L. Doling, J. W. Crank, John R. Barrett, J. H. Rathbone, Julius Seifert and George T. Hine. None of the officers and directors of the old Bank of Springfield will be con- nected with the Peoples Bank of Springfield.
The Citizens Bank, which has always occupied its present site, 220 East Commercial street, was established September 15, 1902, and has made an excellent growth. Its capital stock is $50,000. with an earned surplus of $25,000. Its deposits aggregate $400,000. There has been little change in the management of this bank, the following have been the officers from the first; Jerome O'Hara, president; E. V. Williams, vice-president; Tom Watkins, cashier; Ross Whitlock, assistant cashier. The directors are Dr. J. T. Evans, Tom Watkins, H. B. McDaniel, Jerome O'Hara, E. V. Will- iams, Ross Whitlock, W. J. McDaniel, C. O. Sperry, D. C. Van Matre.
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GREENE COUNTY, MISSOURI.
TRUST COMPANIES.
The Southern Missouri Trust Company located at the southwestern corner of Jefferson street and MeDaniel avenue, was opened for business February 15. 1913. It has enjoyed a good growth, having gained $75,000 in deposits a little over two years since its establishment. Its capital stock is $100,000. Its present deposits amount to nearly $400,000. Its authorized capital is $200,000. Its officers remain the same as when first organized, namely : John F. Aven, president ; George II. McCann, vice-president : Jesse .A. Tolerton, secretary and treasurer; G. M. Sebree, attorney: L. E. Shat- tuck, real estate. Directors, George H. McCann, W. W. G. Helm, John H. Parish, G. M. Sebree, H. S. Hadley. R. G. Porter, W. L. Garrett, George G. Schilling, John F. Aven, and Jesse A. Tolerton.
The States Savings Trust Company, located in a new building on the north side of the public square, was organized early in 1912 and has en- joyed a satisfactory growth. It was formerly located in the Woodruff building. It has a cash capital paid up of $50,000. It does a general trust business, but has no deposits. It has departments of fire and liability insur- ance, liability and surety bonds, loans on farm and city property. Its first officers were E. N. Ferguson, president : J. H. Keet, vice-president ; John F. Allen, secretary and treasurer. Its present officers are E. N. Ferguson, president : J. H. Keet, vice-president ; J. L. Hine, secretary and treasurer ; and J. T. Long, manager insurance department. Directors, M. C. Baker, J. W. Creighton, E. N. Ferguson, George T. Hine, J. H. Keet, M. D. Light- foot, L. S. Meyer, W. A. Rathbun, J. H. Rountree, L. W. Seaman, and F. H. Wright.
The Ozark States Trust Company, which has occupied commodious quarters in the Woodruff building since it began business in October, 1913, was organized by John T. Woodruff, who has been president of the company from its organization to the present time. It has a capital stock of $500,- 000. It has had a most satisfactory growth. It does not do a banking business, but has a number of different departments, has a safety deposit vault, and handles trust estates, real estate loans, real estate, insurance, land titles, rentals and construction.
OTHER BANKS IN GREENE COUNTY.
The smaller towns of Greene county have long been well represented in the matter of banking institutions. The fact that there are eleven banks in the county outside of the eleven in Springfield, would indicate that this is a thriving community, especially is this fact apparent when statements show all these twenty odd banks are on a sound working basis and all enjoying a
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satisfactory development, despite the fact that this locality has experienced discouraging crop conditions during the past four years.
The Bank of Republic at the town of Republic, was chartered June II, 1899. It has a capital stock of $10,000, and its deposits amount to $150,000. Its officers are Walter A. Coon, president; C. N. O'Bryant, vice-president ; W. P. Anderson, cashier. The directors are C. N. O'Bryant, Walter A. Coon, W. P. Anderson and E. T. Anderson.
The Republic State Bank, located at Republic, was chartered June 28, I9II. It has a capital stock of $10,000 and its deposits amount to $60,000. Its officers are E. DeBoard, president; J. E. Decker, vice-president ; Lon Edmonson, cashier. Directors, E. DeBoard, J. E. Decker, W. T. King, M. L. Crum, J. A. Gammon, W. H. Pearce and Lon Edmonson.
The Bank of Ash Grove, located in the town of Ash Grove, was chart- ered April 13, 1883. It has a capital stock of $20,000, and its deposits aggregate $215,000. Its officers are W. T. Chandler, president ; T. Doolin, vice-president ; O. T. Perryman, cashier. Directors, W. T. Chandler. T. Doolin, O. T. Perryman, W. P. Elson, J. H. Perryman, R. T. Johns, J. F. Keblinger R. F. Trogdon, and C. B. Comegys.
The Farmers Bank, located at Ash Grove, was chartered September 4, 1891. It has a capital stock of $20,000, and its deposits amount to $132,- 000. Its officers are, T. J. Killingsworth, president; W. R. Watson, vice- president ; J. N. Moore, cashier. Directors, T. J. Killingsworth, J. I. Roun- tree, William Richter, J. N. Moore, W. R. Watson, George C. Merrick and T. W. Wilkerson.
The Bank of Walnut Grove, at the town of Walnut Grove, was organ- ized September 30, 1890. It is capitalized for $10,000. Its resources amount to $75,000. Its officers are John S. Mclemore, president: \V. H. Jones, vice-president ; N. L. Murray, cashier. Directors, John S. Mclemore, W. H. Jones, M. D. Wright.
The Citizens Bank at Walnut Grove was organized March 14, 1905. It has a capital stock of $12,000. Its resources are about $80.000. Its first officers were C. L. King, president : John McMahan, vice-president: J. S. Whitaker. Its present officers are C. L. King, president ; L. M. Newlands, vice-president : A. L. Wilson, cashier. The directors are C. L. King. L. M. Newlands, I. F. McCulley, A. L. Wilson and J. F. Carpenter.
The Bank of Fair Grove, at the village of Fair Grove, was chartered March 17, 1905. It has a capital stock of $10,000. Its deposits amount to $60,000. Its officers are W. C. Potter, president; I. W. Wingo, vice-presi- dent; J. W. B. Appleby, cashier. The directors are W. C. Potter, I. W. Wingo, B. F. Potter, J. W. B. Appleby and L. Icenbower.
The Bank of Bois D' Arc, located at the village of Bois D' Arc, was organized March 21, 1905. It has a capital stock of $10,000, and its deposits
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amount to $75,000. Its officers are V. C. Lambeth. president ; J. M. Baker, vice-president ; W. T. Jennings, cashier. Directors, V. C. Lambeth, W. T. Jennings, J. M. Baker, W. E. Redfearn. J. R. Spoon, A. M. Gloss and W. H. Turk.
The Bank of Strafford, at the village of Strafford, was chartered Janu- ary 7. 1911. It has a capital stock of $10,000. Its deposits amount to about $50,000. The officers of the bank are L. C. Ricketts. president ; Theo. Thorson, vice-president; J. W. Hartt, cashier. Directors, L. C. Ricketts, Theo. Thorson. A. B. Grier, C. A. Womack, J. J. Foster, Jr., W. P. Camp, J. W. Hartt.
The Bank of Willard, located at the village of Willard, was organized March 16, 1906. It has a capital stock of $10,000. Its deposits amount to $90.000. Its officers are H. B. East, president ; J. W. Clutter, vice-presi- dent: J. E. Cahill, cashier. Directors, H. B. East, J. W. Clutter, J. E. Cahill. D. C. Gorman. C. C. Young, J. A. Staley, S. C. Gillespie.
The Bank of Battlefield, at the village of Battlefield, was organized August 26, 1907. It has a capital stock of $10,000. Its deposits amount to $35.000. Its officers are L. E. McCroskey, president ; A. M. Howard, vice-president; J. A. Walker. cashier. Directors, L. E. McCroskey, A. M. Howard, J. A. Walker, W. A. Fry and Will McElhaney.
CHAPTER XVI.
THE NEWSPAPERS OF THE COUNTY.
By Hon. John G. Newbill.
From the most authentic data available, it appears that the first news- paper printed and published in Springfield and the Ozark country was the Ozark Standard, established in the spring of 1837 by J. C. Tuberville. It was a small folio sheet, printed on an old-time hand-press, and after a brief career it passed into the hands of a Mr. Huffard, who changed the name to The Eagle.
Warren H. Graves, who was working in Jefferson City at that time, came to Springfield, and in 1844 established The Springfield Advertiser, The Eagle having had but a brief existence, and published it continuously up to the summer of 1861. In the meantime A. F. Ingram, who had started The American Standard at Greenfield, Dade county, in 1855, returned to Spring- field in 1859 and established a job printing office. In 1862 he issued an irregular paper, the Springfield Missourian, designed to keep the people posted concerning the Civil war developments. He sold his printing plant in 1863 and bought it again in 1864, when he began the publication of the Patriot. Late in that year he sold a half interest to William J. Teed, and in 1868 sold his remaining interest to Edwin R. Shipley. The same year Mr. Ingram launched another paper, The Weekly Gasette, but after nine months, having been elected county treasurer, sold it also to the publishers of the Patriot.
Prior to this time the Springfield Journal was published for a few years following the war by J. W. D. L. F. Mack, sometimes referred to by his contemporary as the "Alphabetical Mack."
In the year 1846 Edward Durkey Mckinney edited the Teras Democrat, supporting his father-in-law. John P. Campbell, for Congress against his only opponent, John S. Phelps, who, thirty years afterward, was elected governor. The Advertiser supported Phelps, and while he was elected, carry- ing the district, Mr. Campbell carried Greene county. The Texas Democrat soon after went out of commission.
May 3, 1855, the Springfield Mirror, organ of the American or "Know Nothing" party, was established by J. W. Boren. It ceased to be published with the coming of the Civil war, as did the Advertiser.
Harrison E. Havens, who served two terms in Congress in the early
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seventies, was for a time editor of the Patriot. All the foregoing, published since the outbreak of the war from a political point of view, were Republican papers.
Daniel Curran Kennedy, who had been working in the Patriot office and had taken charge of another venture, the Southwest Union Press, which was destroyed by fire, associated himself with Capt. O. S. Fahnestock in 1867 and started the Springfield Leader, a Democratic paper, which, after numer- ons changes, is still published, now an afternoon paper, with R. L. Kennedy, son of the originator, editor.
Another Republican weekly, printed in the early seventies, was the Springfield Advertiser, edited by Prof. Orville S. Reed and Col. John P. Tracey. Its sale. about the year 1875, resulted in the hyphenation, Patriot- Advertiser, and the retirement from the editorial tripod of Professor Reed.
The Springfield Times, Democratic, was published for a few years by George M. Sawyer and Charles H. Lamoreaux up to the beginning of 1879, when it was consolidated with the Leader, under the name of the Times- Leader. The Times part of the hyphenation was dropped after a year or two.
February, 1870, Henry Lick started the Southwester, which, the follow- ing June, was removed to North Springfield and published for a time by Taylor. Hedges & Company. They soon afterward sold it to W. H. B. Trantham, who continued its publication until the latter part of 1879, when he disposed of his newspaper plant and removed to California. Under the management of the subsequent owners, Col. J. D. Williams & Company, the Southzeester was in evidence for a comparatively brief period, both in the form of daily and weekly, and then ceased to exist.
For a few months, in 1871, while the Franco-Prussian war was in progress. the Leader published a daily, with the Associated Press service.
In 1878 the Patriot ventured to issue a five-column folio daily, with the press report, under the editorial management of Col. John P. Tracey, Col. D. C. Leach, Hon. James Dumars and others. The expense was too great for the support, and after a few months it suspended.
On November 1, 1879. A. A. Renshaw and Charles R. Ingram began the publication of a five-column folio daily. The Daily Extra, without the dispatches, but making a specialty of the local news. It was Republican in politics and proved a financial success, the first in the history of the daily newspapers of Springfield. In March, 1884. the Daily Extra was purchased by Dr. C. S. McClain, John R. Ferguson and Col. J. P. Tracey, who changed the name of the Journal, which, after a run of less than one year, during and after a political campaign, voluntarily suspended publication. The following year the Journal plant was bought by C. Hammontrec and A. A. Renshaw, who issued a Sunday paper styled The Reflex, which a few months later
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they sold to Col. James Dumars, who began the publication of a daily, The- Springfield Republican. He, a few months later, sold the plant to Judge James M. Cowan, his son, J. E. Cowan, becoming the editor. During the. first local option campaign in Springfield, The Republican vigorously fought on the side against the traffic in strong drink, and local option was carried by a majority of some three hundred votes. Afterwards the election was. declared null and void on a mere technicality, the law being expounded by Judge Rombauer, of the appellate court. Judge Cowan owned the Repub- lican only a brief period before he sold it to C. S. Tomlinson and Barclay Meador, who not long afterward took over the old Herald plant, with the Associated Press franchise, and moved the office into the brick building on Boonville street, where, after a few years' experience, they were compelled to suspend publication. The Herald, referred to, was established as a daily in 1883, an eight-column folio with press reports, and Harrison E. Havens as managing editor and general manager, George M. Sawyer as city editor, and J. W. McCullah as manager of the job printing department. The paper was financed by Capt. C. W. Rogers, of the 'Frisco railway, and the paper was. generally considered as a railroad organ, although it declared its independence in matters of a political nature. The Patriot-Advertiser was merged into the Herald at its very beginning by the then editor and proprietor. Mr. Havens, who received stock in the Herald Company in exchange for his weekly paper. After occupying the editorial chair two years, Mr. Havens relinquished his holdings, stepped down and out, and homesteaded an eighty-acre tract of land in Taney county, where he resided for several years, returning to the practice of law after he was elected prosecuting attorney of that county. Since then he served a term as prosecuting attorney of this (Greene) county, later on removing to the new state of Oklahoma. Among the other editorial writers who were in charge or on the Herald staff at different times were George M. Sawyer, James E. Cowan and T. J. McMinn, but the paper was never a suc- cess, so after various ups and downs, its remains were purchased by or taken over by Messrs. Tomlinson and Meador, as stated heretofore.
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