10355. Mastin Bank (Kansas City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
*
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
2a07d9b0

Response Measures

None

Description

Newspaper texts refer to the 'failure' and that state funds were 'locked up in the Mastin Bank at the time it suspended.' No article describes a depositor run; causes are attributed to the broader money panic of 1873-78. Suspension appears to have led to permanent failure/closure. Exact suspension/closure dates are not provided in the snippets.

Events (2)

1. * Other
Newspaper Excerpt
failures of the Mastin Bank at Kansas City ... were nothing more nor less than the result of the money panic.
Source
newspapers
2. * Suspension
Cause
Macro News
Cause Details
Attributed to the broader money panic (years 1873-78) that produced widespread business prostration and led to the Mastin Bank suspending.
Newspaper Excerpt
the amount of the deficit of State Treasurer Gates, occasioned by the failure of the Mastin Bank at Kansas City was placed to the credit of the state to-day, thus squaring up Col. Gates' accounts with the state and restoring to the treasury all the state funds locked up in the Mastin Bank at the time it suspended.
Source
newspapers

Newspaper Articles (2)

Article from Iron County Register, October 7, 1880

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Article Text

farmers, who were forced into bankruptcy and driven to the wall during the years 1873-78, brought about by the complete prostration of all branches of business, in order to show you that the failures of the Mastin Bank at Kansas City and the First National Bank of the State of Missouri, were nothing more nor less than the result of the money panic. The prompt action taken by Mr. Gates for the recovery of his claims against these banks, deserves our hearty approval and merits our commendation, resulting as it has, in recovering to the State the sum of $833,000, leaving a balance uncollected of $183,000, for which he holds the $1,000,000,00 bank bond, $98,000 in Kansas City Water Works Bonds, and $49,000 Clinton County Bonds, all of which pay six per cent. interest annually; and a still further backing by his securities, who are worth, at the lowest estimate, $250,000. Surely, gentlemen, there is not an honorable man in Iron county, or in the State, who will say in the face of these facts, that the 30th General Assembly acted unwisely in refusing to sanction the impeachment of a man whose character is as pure and whose record is as clean as any man's within the limits of our grand old State. In conclusion, I will say that neither Mr. Noland's letter nor this appears in the REGISTER on account of a set of aimless, partisans resolutions that had their birth in our Courthouse a short time since, but to present to the substantial business and laboring men the actual facts as they have from the beginning and do now exist, feeling perfectly satisfied that the honorable man and intelligent voter, unbiassed by partisan bigotry and hatred, will say amen to my actions as for Representative in the 30th General Assembly of the State of Missouri. With greatest respect, Your ob't serv't, J. W. BERRYMAN.


Article from Lexington Weekly Intelligencer, February 19, 1881

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Article Text

GATES PAYS UP. St. Louis, February 17.-The fund of $184.000 held in trust by the Bank of Commerce of this city, pending certain legislation at Jefferson, the same being the amount of the deficit of State Treasurer Gates, occasioned by the failure of the Mastin Bank at Kansas City was placed to the credit of the state to-day, thus squaring up Col. Gates' accounts with the state and restoring to the treasury all the state funds locked up in the Mastin Bank at the time it suspended.