Kansas City Safe Deposit & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 1, 1893*
Location: Kansas City, Missouri (39.100, -94.579)

Metadata

Model: gpt-5-mini
Short Digest: 7b00a4f6

Response Measures

None

Description

Articles (July 1893) report the bank suspended payment on demand checks about a month before July 12 and on July 12, 1893 made an assignment (receiver). Cause given as stringency in the money market (macro-level). No contemporaneous depositor run is described in these pieces (they only note a prior run ~3 years earlier).

Events (2)

1. June 1, 1893* Suspension

Cause: Macro News
Cause Details: Stringency in the money market led the bank to suspend payment on demand checks about a month before July 12, 1893.
Newspaper Excerpt: Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors.
Source: newspapers

2. July 12, 1893 Receivership

Newspaper Excerpt: The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market.
Source: newspapers

Newspaper Articles (4)

1. July 14, 1893 The Kinsley Graphic Kinsley, KS

Article from The Kinsley Graphic, July 14, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Suspends at Kansas City. KANSAS CITY, Mo., July 12. - The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a rui about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1892 to the present figure. In the same time it gained nearly 2,000 depositors.

2. July 15, 1893 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, July 15, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Sus. pends at Kansas City. KANSAS CITY, Mo., July 12. - -The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a run about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1899 to the present figure. In the same time it gained nearly 2,000 depositors.

3. July 20, 1893 Barton County Democrat Great Bend, KS

Article from Barton County Democrat, July 20, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Suspends at Kansas City. KANSAS CITY, Mo., July 12.-The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a run about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1892 to the present figure. In the same time it gained nearly 2,000 depositors.

4. July 21, 1893 The Iola Register Iola, KS

Article from The Iola Register, July 21, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Suspends at Kansas City. KANSAS CITY, Mo., July 12.-The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a run about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1892 to the present figure. In the same time it gained nearly 2,000 depositors.