10306. Dollar Savings Bank (Kansas City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 31, 1895
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
8642a237

Response Measures

None

Description

Multiple contemporaneous articles (July/August 1895) state the Dollar Savings Bank of Kansas City 'voluntarily suspends' and is going into voluntary liquidation to retire from business, paying dollar for dollar. No run or depositor panic is described; the action is voluntary and permanent (closure). Article 1 gives a circular dated July 31, 1895. Article 4 notes the bank's capital was $100,000.

Events (1)

1. July 31, 1895 Suspension
Cause
Voluntary Liquidation
Cause Details
Owners decided to retire from the savings bank business and deposited funds with Missouri National Bank to pay off deposits; bank entering voluntary liquidation and paying dollar for dollar.
Newspaper Excerpt
Not having found the savings bank business profitable, we have concluded to retire from business. ... we have deposited with the Missouri national bank, of this city, sufficient money to pay off our deposits.
Source
newspapers

Newspaper Articles (4)

Article from Baxter Springs News, August 3, 1895

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Article Text

RETIRES FROM BUSINESS. The Dollar Savings Bank at Kansas City Voluntarily Suspends. KANSAS CITY, Mo., July 31.-Depositors of the Dollar Savings bank of this city to-day received the following circular notice: Not having found the savings bank business profitable. we have concluded to retire from business. With this in view we have deposited with the Missouri national bank. of this city, sufficient money to pay off our deposits. The Dollar Savings bank was established about six years ago, and although never enjoying a thriving patronage was considered perfectly sound. Its owners were men of financial integrity. The retirement of the bank from business caused no stir in financial circles.


Article from Warren Sheaf, August 8, 1895

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Article Text

WEST AND SOUTH. NEAR Socorro, N. M., farmhouses and crops were entirely swept away by a cloudburst and seven persons were killed. The property loss was over $1,000,000. FLAMES started by tramps sleeping in the livery barn of M. A. Donbarg at Wells, Minn., destroyed property worth $40,000 and cremated thirty horses. IN Kansas City, Mo., the Dollar savings bank went into voluntary liquidation for the purpose of retiring from business. It would pay dollar for dollar. FLAMES at Menominee, Mich., swept over thirty acres of ground occupied by the A. Spies, the Girard, the Bay Shore and other lumber companies, destroying two lives and property worth nearly $1,000,000. MEXICAN war veterans of Illinois, Indiana, Iowa, Kentucky and Missouri will hold their interstate reupion on August 19 and 20 at Belleville, III. POPULISTS of Mississippi in state convention at Jackson named a full ticket headed by Frank Burkitt for governor. The,platform declares for the free and unlimited coinage of silver. IN convention at Baltimore Mary land democrats nominated John E. Hurst, of that city, for governor. The resolutions adopted approve the administration of President Cleveland, declare against free silver and approve the Wilson tariff bill. AT Ashland, Wis., Mary Thrush was sentenced to state's prison for life for murdering her husband last spring. AT Adelaide, Col., a cloudburst destroyed property and killed three persons. HARNEY CITY, Ore., was wiped out by an incendiary fire. THE home of William Hogan at Marion, O., was destroyed by fire and Mrs. Hogan and her son Frank were fatally burned. THE king of the light harness pacers, Robert J., was defeated at Cleveland, O., by Joe Patchin, the average time for the four heats being 2:04½, the fastest race ever paced. THE doors of the Colorado City State bank at Colorado Springs, Col., were closed. FIRE destroyed Reame's tobacco warehouse and opera house, A. Max, and Ellis & Stone's dry goods stores and several other business houses at Durham, N. C. Loss, $100,000. THE total ore shipments from Duluth, Minn., during July were 536,148 tons, the largest on record. IN Cincinnati the Standard Wagon company assigned with assets of $300,000 and liabilities of $400,000. The Davis Carriage company was carried down by the failure with assets of $150,000, and liabilities of $300,000. FIRE swept away four business blocks at Lima, O., the loss being $100,000. A CABLE at the "chutes" in Chicago broke and twenty persons plunged with terrific velocity in a runaway car down a 250-foot incline, thirteen being injured, one fatally. A MASKED man held up the Coulterville stage 6 miles from Mercer, Col., and secured the Wells-Fargo express box, with its valuable contents. IN session at Baltimore Maryland prohibitionists nominated Joshua Levering, of that city, for governor. IN. Wyoming the Indian scare was said to be at an end. IN Omaha the first round in the fight between the old and the new boards of fire and police ended in a victory for the new board. Оню populists nominated Jacob S. Coxey, of Massillon, for governor. AT Carrollton, Mo., William P. and George Taylor were found guilty of murdering a man named Meeks, his wife and two children on the night of May 10 last


Article from Perrysburg Journal, August 10, 1895

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. oldest person in Iowa thus far the census returns Alexander (colored), of shown Lucy THE by Keokuk. is Mrs. She was born in Virginia 119 years ago. THE Dollar savings bank in Kansas City, Mo., went into voluntary liquidation for the purpose of retiring from business. It would pay dollar for dollar. MARY THRUSH was sentenced at Ash- for land, Wis., to state's prison for life murdering her husband last spring. DEAD fish by the million were floating down the Missouri river, some weighing as much as four pounds. THOUSANDS of bushels of peaches and apples will be lost in the vicinity of West Plains, Mo., for the want of means to take care of them. A CLOUDBURST at Adelaide, Col., destroyed property and killed three persons. THE tonnage tax collection for the last fiscal year is shown by the records of the navigation bureau in Washington to have been $522,234, against $539,023 for the previous year. CHARLES E. COLE set 76,300 ems in seven hours and fifty-four minutes on a Mergenthaler nonpareil machine at Cineinnati, beating the world's record of 63,400 ems, set by a Denver printer named Taylor. a pleasure resort MichiMAYWOOD. forest in fire. gan, was destroyed by a FARMHOUSES and crops were entirely swept away near Socorro, N. M., by a cloudburst and seven persons were killed. The property loss was over $1,000,000. THE public debt statement issued on the 1st showed that the debt increased $88,435,938 during the month of July. The cash balance in the treasury was $187,149,530. The total debt, less the cash balance in the treasury, amounts to $1,127,258,435. THE Colorado City State bank at Colorado Springs, Col., closed its doors. THE Standard Wagon company of in Cincinnati assigned with assets The $300,000 and liabilities of $400,000. Davis Carriage company was carried of down by the failure with assets $150,000, and liabilities of $300,000. THE monthly statement prepared by the director of the mint shows that during July the total coinage of the United States mints amounted to $3,235,800, as follows: Gold, $2,910,000; silver,$277,000 minor coins. $48,800. WILLIAM HOGAN'S residence at O., was destroyed and her son Mrs. Marion, Hogan Frank by fire were and fatally burned. GEORGE PERKINS aged 45, who until a year ago had been the leading editorial writer on the Cincinnati Enquirer. was found dead in his room in that city. A WATERSPOUT and hailstorm visited Hardscrabble. Col., and completely destroyed farms and orchards. ROBERT J., the king of the light harness pacers. was defeated at Cleveland, time O., by Joe Patchin, the average for the four heats being 2:04 1/2, the fastest race ever paced. BISHOP PHELAN, of the Roman Catholic diocese of Pittsburgh, Pa., issued peremptory orders to the clergy to that prohibit round dances by Catholics in diocese. BY the breaking of a cable at the "chutes" in Chicago twenty persons plunged with terrific velocity in a run- and car down a 250-foot incline were injured. one away thirteen fatally. New FIRE among shipping in York caused a loss of $150,000. THE receipts of the government during the month of July were $29,069,697, against $24,809,339 for July, 1894, disbursements, $38,548,063, against $36,648,582 for July. 1894. MAYOR STARKWEATHER, of West Superior, Wis., was impeached by the common council on a charge of extorting money from policemen and firemen. FOUR business blocks were destroyed by fire at Lima, O., the loss being $100,000. A STATEMENT prepared by the comptroller of the currency shows the amount of national bank notes outstanding July 31 to have been $211, of 281,908, an increase for the year $3,836,419. The amount of circulation based on United States bonds was $186,577,433, an increase for the year of $5,521,499. REAME'S tobacco warehouse and opera house, A Max. and Ellis & Stone's dry goods stores and several other business dehouses at Durham, N. C., were stroyed by fire. Loss, $100,000. DURING July the total ore shipments from Duluth, Minn., were 536,148 tons, the largest on record. THIRTY life-saving stations on Long Island were opened a month earlier than usual. THE exchanges at the leading clearhouses in the United States during ing the week ended on the 2d aggregated $915,847,689. against $726,665,760 the previous week. The increase. com- in pared with the corresponding week 1894, was 18.6. PAPERS were signed at Pittsburgh which increase the wages of 100,000 miners in Pennsylvania Ohio, Indiana and Illinois and put a stop to the contemplated strike. THE Indian scare in Wyoming was said to be at an end were 261 business in States in the seven days the THERE United failures ended on the 2d. against 202 the week 920 in the


Article from Grant County Herald, August 15, 1895

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MISCELLANEOUS. The Bedford Chair Company of Ohio has assigned. Assets, $85,000; liabilities, $55,000. Ex-Congressman A. V. Taylor, president of the company, has also made a personal assignment for the benefit of the company's creditors. Foglesong Brothers, furniture dealers at Logansport, Ind., assigned, with llabilities of $3,000 assets, $1,500. The oil well on the Lohri farm, near Antioch, O., came in and is flowing 1,000 barrels a day. Lieutenant Colonel Whiteside relieved Colonel Purington, who is to be retired, in command of Jefferson barracks, St. Louis. Herman Glade, of Brunswick, Ind., won first place in the competitive examination for appointment to West Point in Congressman Hatch's district. The railroad earnings in Michigan for May were $2,608,827, or $278,773 more than in May last year. Up to June 1 this year the earnings in the state had aggregated $11,528,468, an increase of $647,210, or 5.84 per cent over the same period last year. John Quincy Adams, a direct Ge. scendant of the famous Adams family, was found dead at Niagar falls. Vicar-General J. J. Kennedy of the See of Syracuse, N. Y., has been invested with the title of Monsignor by Pope Leo XIII. There is excitement in the Sisterville oil field near Wheeling, W. Va., over the biggest strike ever made there or in any other West Virginia field. Whitedale and Gulliver, Mich., two small towns on the Soo road, are in great danger of destruction from forest fires which are raging in all sections of the country. Help was wired for and thirty-five men were at once sent there on a special train from Manistique. The corn crop of the country, it is estimated, will amount to fully 2,500,000,000 bushels. Joe Patchen defeated Robert J. in a race at Cleveland, O., Thursday. The Nicholson temperance law has been declared invalid by Judge Taylor in an Indiana Circuit court. The Leclaire mill, at Belleville, Ill., employing 200 men, has shut down on account of temporary finnancial troubles. J. H. Stewart, a hardware dealer of Blair, Neb., failed. Liabilities, $50,000; assets, $10,000. The Dollar Savings bank of Kansas City went into voluntary liquidation for the purpose of retiring from business. It is paying in full dollar for dollar. The bank's capital was $100,000. W. L. Bickmore, dry goods dealer of Ironton, Ohio, assigned to Lot Davis, Assets. $25,000; liabilities, $20,000. The Des Moines Equalizer company, manufacturers of fertilizers, assigned to J. Bellanger. Assets, $10,000; liabillties, $12,000. The Standard Wagon company of Cincinnati confessed judgment for $31,474 to the Merchants' National bank. Several years ago the concern made an assignment with $900,000 liabilities. The assignment was raised and the liabilities have been reduced to $400,000. The Hamilton Savings Fund and Loan association of Pittsburg, with a capital stock of $30,000,000, was closed by the state bank examiners and placed in charge of temporary receivers. The liabilities are but $9,000 and the assets $11,000. Dead fish by the million are floating down the Missouri river, some weighing as much as four pounds. L. L. Matthews of Wichita, Kas., has sued James V. Daugherty and Earl Evans, attorneys, for $10,000 for slander. The Democratic leaders of New York state have determined to hold the next state convention at Saratoga, after the Republican convention. The Alabama health officer has called Gov. Oates' attention to the frightful death rate at the Coalburg mines among the convicts, it being ninety in every 1,000. The executive committee of the Southwestern Traffic association (Texas lines) will meet in St. Louis Aug. 6 to consider a number of questions put on the docket by Chairman Day. The poultry powder made by A. W. Hendricks of Decatur. III., has been excluded from the mails on account of the breaking of the wrappers and not from intent to defraud. Thousands of bushels of peaches and apples will be lost in the vicinity of West Plains, Mo., for the want of means to take care of them. There are 157,000 barrels of good apples in sight there. W. A. Sutherland, New York member of the Republican national committee, declares in favor of a short Presidential campaign and says September would be a good time to hold both national conventions. Dr. Price's Cream Baking Powder