Midland National Bank - Kansas City, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3904
Charter Number: 3904
Start Date: September 18, 1897
Location: Kansas City, Missouri (39.100, -94.579)

Metadata

Model: gpt-5-mini
Short Digest: d2fe85fa

Response Measures

None

Description

Multiple contemporaneous newspapers (Sept 1897) report the Midland National Bank of Kansas City, Mo., went into voluntary liquidation by resolution of its stockholders. No article describes a depositor run or a reopening; this is a voluntary suspension leading to closure/liquidation.

Events (3)

1. June 26, 1888 Chartered

Source: historical_nic

2. August 27, 1897 Voluntary Liquidation

Source: historical_nic

3. September 18, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders resolved to place the bank into voluntary liquidation (no run or external failure described).
Newspaper Excerpt: The Midland national bank of Kansas City, Mo., went into voluntary liquidation by resolution of its stockholders.
Source: newspapers

Newspaper Articles (5)

1. July 20, 1893 Warren Sheaf Warren, MN

Article from Warren Sheaf, July 20, 1893

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Article Text

BORELY TRIED. Tansas City Banks Forced to Stand Heavy Run-All Demanda Promptly However-Business Troubles at Other Points. KANSAS CITY, Mo., July 16 -Saturday was trying day for the banks of Kansas City but they weathered the storm admirably The failure of the National bank of Kansas City five minutes before closing time Friday created a very panicky feeling and all the bankers opened their doors Sat urday morning expecting 'runs' of more or less consequence. The publication of the statements of all the banks in the morning papers was calcu lated to restore confidence. The banks were prepared as well as could be to withstand any attack and as soon as the doors of the Bank of Commerce the Missouri national. the Metropolitan, the Union national and the Midland were thrown open the people began to collect about them and many drew out their deposits. Only however, in the Bank of Commerce. the Missouri and the Metropolitan were there any well-defined runs, and these banks withstood them successfully A run by heavy depositors caused the suspension of the Northrup bank. the oldest financial institution in Kansas City, Kan The assets are placed at $475,000, with liabilities amounting to $315,000. The Armourdale bank at 415 Kansas avenue, Armourdale, suspended pay. exent at 3 o'clock in the afternoon and was placed in the hands of Bank Commissioner Breidenthal of Kansas. The liabilities are $35,000 and the assets about double that amount A number of the Karsas City banks kept openuntil 6 o'clock, but very few of the depositors availed themselves of the opportunity to withdraw their money. The banks are amply prepared to meet any further demands made upon them, but it is thought that the flurry is over and the excitement ended. CLEVELAND O. July 17.-A dispatch from Ishpeming, Mich., says that the Schleisinger syndicate, the largest ore operators in the world, are in difficulty owing to the depression in the trade. Adolf Schleisinger, one of the organizers of the syndicate, says the output was reduced 25 per cent. some time ago All the mines are in Michigan and the central of fice is in Milwaukee. The plants owned by the syndicate are: The Chapin Mining company, the Buffalo Mining company, York Mining company, Arogan Mining company, Claire Mining company and Sunday Lode Mining company. These individ ual companies, all owning mines. were consolidated four years ago by Schleisinger Brothers, and, it is said. on insufficient capital. It is also said the syndicate went too deeply into railroad building Schlesinger's properties have over $1,000,000 worth of paper held by Milwaukee banks, and it is considered probable they will help him out Schlesinger began operations four years ago and has cut a large figure in the iron trade. He was embarrassed ten years ago, but sold the Escanaba, Iron Mountain & Western railway to the Chicago & Northwestern railway and pulled out of difficulties. If matters cannot be fixed here it will probably lead to trouble at his numerous other mines, employing nearly 2,500 men all told. PEORIA. Ill., July 19.-William Oberhauser's private bank failed Saturday much to the surprise of the community The liabilities are $60,422 against scheduled assets of $69,637. The assignment is due to the loss of money in the American national bank at Kansas City, and it is the first to be made here during the present financial troubles. The bank was an old-established institution. Charles Tehrmann is assignee. CARMI, III. July 17 The old banking-house of Hay & Webb has made a general assignment to P. A. Pearce. Assets, $216,267; liabilities, $180,000 Hay & Webb have been in business here for thirty-five years and enjoyed the confidence of the entire community Large loans on long time. large sums invested in real estate and the stringency of the money market caused the failure. All creditors will be paid in full. CHICAGO, July 17.-The George W. Ludlow Shoe company made an assignment in connection with its failure at Elgin. This is one of the largest wholesale shoe concerns in the country. It removed its factory and offices from Chicago to Elgin January 1 last and since that time has conducted its business in the latter city, No financial statement has been made. NEW YORK, July 7.-Chancellor McGill at Jersey City has appointed John C. Paul, of Plainfield, N.J., receiver of the Garwood steel works. The company was originally a Boston concern The works are at Garwood, N. Y and $300.00 has been lost in following à new process in making steel car wheels CHICAGO, July The Bouton Foun dry company, located at Thirty-ninth street and Evans avenue, made an as signment in the county Saturday in favor of the Equitable Trust company. The assets are figured at 8175,000; liabilities at $200,000. CINCINNATI, July 17. The John Kauffman Brewing company went into the hands of a receiver Saturday Pressing claims and inability to obtain ready_cash caused the action. The assets are given at $600,000 and the liabilities only $150,000. WAYLAID THE SHERIFF. An Arkansas Officer Shot and Robbed of $12,000 Near Memphis. MEMPHIS,Tenn.,July 17.-Friday night heriffWerner.of_Crittenden county

2. September 18, 1897 The Diamond Drill Crystal Falls, MI

Article from The Diamond Drill, September 18, 1897

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Article Text

A tornado struck Port Arthur, Tex., and six people were known to have been killed and many others injured. Buildings were blown down and great damage was wrought. At Sabine Pass ten persons were killed and at other points some lives were lost. Large numbers of coal miners in Pennsylvania and Ohio were returning to work. Paper mills at Appleton, Wis., received orders from Japan for 2,000 tons of print paper. This opens up a market new to American paper manufacturers. A fire at Iron Mountain, Cal., destroyed property belonging to the Mountain Copper company valued at nearly $200,000. The reports as to the condition of the crops throughout the country say that hot weather has given corn a big boost. Ten dead and many injured and the destruction of property and crops worth $250,000 sum up the losses by the hurricane at Port Arthur and Sabine Pass, Tex. S. H. Lanyon, one of the most widelyknown men of southeastern Kansas, dropped dead on the street in Pittsburg. The Bank of Durand, Ill., closed its doors. The mill situation in Rhode Island is better than it has been for five years. Mills are running. on full time. The Midland national bank of Kansas City, Mo., went into voluntary liquidation by resolution of its stockholders. The second national congress of colored women met in Nashville, Tenn. The salmon eatch of the past season has been the largest ever known in the northwest. The eleventh annual convention of the National Association of Builders met in Detroit. It has been decided to change the color of the current two-cent postage stamp from carmine to green of the shade now used on government notes. Yellow fever was said to be spreading in New Orleans and other southern cities.

3. September 22, 1897 The Ely Miner Ely, MN

Article from The Ely Miner, September 22, 1897

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Article Text

THE NEWS. Compiled From Late Dispatches. DOMESTIC. Thomas E. Edison has taken up the study of air ships. He says those already invented are wrong in principle. The twenty-ninth meeting of the Society of the Army of the Tennessee will be held in Milwaukee October 27 and 28. John L. Sullivan announces that he will run for mayor of Boston and that his platform will be to license gambling places and disorderly houses. Rev. Scott Hyatt and wife, Royal McQueen and Miss Mae Tibbetts were drowned in the Cedar river near Waverly, Ia. President McKinley has returned to Washington in good health and spirits from his summer vacation. "Rev." G. F. B. Howard, a noted federal convict, escaped from the state prison at Columbus, O. In an interview in Washington Consul General Lee said that in his opinion the insurgents would eventually win their independence in Cuba without assistance from any outside sources. Trouble broke out at Coxe Bros.' collicry at Eckley, Pa., and troops were sent to the scene. A tornado struck Port Arthur, Tex., and six people were known to have been killed and many others injured. Buildlugs were blown down and great damage was wrought. At Sabine Pass ten persons were killed and at other points some lives were lost. Large numbers of coal miners in Pennsylvania and Ohio were returning to work. Paper mills at Appleton, Wis., received orders from Japan for 2,000 tons of print paper. This opens up a market new to American paper manufacturers. A fire at Iron Mountain. Cal., destroyed property belonging to the Mountain Copper company valued at nearly $200,000. The reports as to the condition of the crops throughout the country say that hot weather has given corn a big boost. Ten dead and many injured and the destruction of property and crops worth $250,000 sum up the losses by the hurricane at Port Arthur and Sabine Pass, Tex. S. H. Lanyon, one of the most widelyknown men of southeastern Kansas. dropped dead on the street in Pittsburg. The Bank of Durand, III., closed its doors. The mill situation in Rhode Island is better than it has been for five years. Mills are running on full time. The Midland national bank of Kansas City, Mo., went into voluntary liquidation by resolution of stockholders. The second national congress of colored women met in Nashville, Tenn. The salmon catch of the past season has been the largest ever known in the morthwest. The eleventh annual convention of the National Association of Builders met in Detroit. It has been decided to change the color of the current two-cent postage stamp from carmine to green of the shade now used on government notes. Yellow fever was said to be spreading in New Orleans and other southern cities. Michael broke the world's 20-mile bicycle record at Springfield, Mass, going the distance in 38:11. President Ratchford has sent out a circular address to the miners declaring the great strike off. It is estimated that the recent hailstorm in the vicinity of Washington, Ia., caused a damage of $300,000. By the fall of a cage in a mine at Nanticoke, Pa., four men were fatally injured and eight others-seriously hurt. A mob of 400 mer lynched Lyle Levi, Bert Andrews, Clifford Gordon, William Jenkins and Hiney Shuler at Versailles, Ind. The men had been arrested for burglary. The steamer Excelsior arrived in San Francisco from Alaska with 63 passengers and about $2,500,000 in gold. An investigation made by Commissioner Jones, of the Indian bureau,

4. September 23, 1897 Audubon Republican Audubon, IA

Article from Audubon Republican, September 23, 1897

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. Thomas E. Edison has taken up the study of air ships. He says ready invented are wrong meeting The twenty-ninth in of principle. those the So- alciety of the Army of the Tennessee will e held in Milwaukee October 27 and John L. Sullivan announces that he will run for mayor of Boston and that this platform will be to license gambling places and disorderly houses. Rev. Scott Hyatt and wife, Royal McQueen and Miss Mae Tibbetts were drowned in the Cedar river near Waverly, Ia. President McKinley has returned to Washington in good health and spirits from his summer vacation. "Rev." G. F. B. Howard, a noted federal convict, escaped from the state prison at Columbus, O. In an interview in Washington Consul General Lee said that in his opinion the insurgents would eventually win their independence in Cuba without assistance from any outside sources. Trouble broke out at Coxe Bros. colliery at Eckley, Pa., and troops were sent to the scene. F A tornado struck Port Arthur, Tex., and six people were known to have been killed and many others injured. Buildings were blown down and great damage was wrought. At Sabine Pass ten persons were killed and at other points some lives were lost. Large numbers of coal miners in Pennsylvania and Ohio were returning to work. Paper mills at Appleton, Wis., received orders from Japan for 2,000 tons of print paper. This opens up a market new to American paper manufacturers. A fire at Iron Mountain, Cal., destroyed property belonging to the Mountain Copper company valued at nearly $200,000. The reports as to the condition of the crops throughout the country say that hot weather has given corn a big boost. Ten dead and many injured and the destruction of property and crops worth $250,000 sum up the losses by the hurricane at Port Arthur and Sabine Pass, Tex. S. H. Lanyon, one of the most widelyknown men of dead on dropped southeastern the street in Kansas, Pittsburg. The Bank of Durand, Ill., closed its doors. The mill situation in Rhode Island is better than it has been for five years. Mills are running on full time. The Midland national bank of Kansas City, Mo., went into voluntary liquidation by resolution of its stockholders. The second national congress of colored women met in Nashville, Tenn. The salmon catch of the past season has been the largest ever known in the northwest. The eleventh annual convention of the National Association of Builders met in Detroit. It has been decided to change the color of the current two-cent postage stamp from carmine to green of the shade now used on government notes. 1 Yellow fever was said to be spreading in New Orleans and other southern cities. Michael broke the world's 20-mile bicycle record at Springfield, Mass, going the distance in 38:11. President Ratchford has sent out a circular address to the miners declaring the great strike off. 1 It is estimated that the recent hailstorm in the vicinity of Washington, Ia., caused a damage of $300,000. at Tramps caused an $80,000 fire Moorhead, Minn. By the fall of a cage in a mine at Nanticoke, Pa., four men were fatally injured and eight others seriously hurt. A mob of 400 mer lynched Lyle Levi, Bert Andrews, Clifford Gordon, William Jenkins and Hiney Shuler at Versailles, Ind. The men had been arrested for burglary. The steamer Excelsior arrived in San Francisco from Alaska with 63 passengers and about $2,500,000 in gold. An investigation made by Commissioner Jones, of the Indian bureau, shows that there are only 68 insane Indians in the country. Postmaster General Gary is devoting considerable attention to an investigation of the wisdom of establishing postal savings banks. Domestic exports for the eight months ended August 31 last amounted to $629,434,371, an increase of $62,217, 387 over last year. The farmers along Taylor's bayou in Jefferson county, Tex., lost $150,000 by the destruction of the rice crop in the recent hurricane. Seymour Bros., stock brokers in New York, with offices in various cities in the country, failed for $1,000,000. Reports reaching the Marine hospital service in Washington from officials in Louisiana and Mississippi leave no further doubt as to the fact that yellow fever exists at several points in those states.

5. September 25, 1897 The L'anse Sentinel L'anse, MI

Article from The L'anse Sentinel, September 25, 1897

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. Thomas E. Edison has taken up the study of air ships. He says those already invented are wrong in principle. The twenty-ninth meeting of the Society of the Army of the Tennessee will be held in Milwaukee October 27 and 28. John L. Sullivan announces that he will run for mayor of Boston and that his platform will be to license gambling places and disorderly houses. Rev. Scott Hyatt and wife, Royal McQueen and Miss Mae Tibbetts were drowned in the Cedar river near Waverly, Ia. President McKinley has returned to Washington in good health and spirits from his summer vacation. "Rev." G. F. B. Howard, a noted federal convict, escaped from the state prison at Columbus, O. In an interview in Washington Consul General Lee said that in his opinion the insurgents would eventually wio their independence in Cuba without assistance from any outside sources. Trouble broke out at Coxe Bros.' colliery at Eckley, Pa., and troops were sent to the scene. A tornado struck Port Arthur, Tex., and six people were known to have been killed and many others injured. Build ings were blown down and great damage was wrought. At Sabine Pass ten persons were killed and at other points some lives were lost. Large numbers of coal miners in Pennsylvania and Ohio were returning to work. Paper mills at Appleton, Wis., received orders from Japan for 2,000 tons of print paper. This opens up a market new to American paper manufacturers. A fire at Iron Mountain. Cal., destroyed property belonging to the Mountain Copper company valued at nearly $200,000. The reports as to the condition of the crops throughout the country say that hot weather has given corn a big boost. Ten dead and many injured and the destruction of property and crops worth $250,000 sum up the losses by the hurricane at Port Arthur and Sabine Pass. Tex. S. H. Lanyon, one of the most widelyknown men of southeastern Kansas. dropped dead on the street in Pittsburg. The Bank of Durand, III., closed its doors. The mill situation in Rhode Island is better than it has been for five years. Mills are running on full time. The Midland national bank of Kansas City, Mo., went into voluntary liquidation by resolution of its stockholders. The second national congress of colored women met in Nashville, Tenn. The salmon catch of the past season has been the largest ever known in the northwest. The eleventh annual convention of the National Association of Builders met in Detroit. It has been decided to change the color of the current two-cent postage stamp from carmine to green of the shade now used on government notes. Yellow fever was said to be spreading in New Orleans and other southern cities. Michael broke the world's 20-mile bicycle record at Springfield, Mass, going the distance in 38:11. President Ratchford has sent out a circular address to the miners declaring the great strike off. It is estimated that the recent hailstorm in the vicinity of Washington, Ia., caused a damage of $300,000. Tramps caused an $80,000 fire at Moorhead. Minn. By the fall of a cage in a mine at Nanticoke, Pa., four men were fatally injured and eight others seriously hurt. A mob of 400 mer lynched Lyle Levi. Bert Andrews, Clifford Gordon, William Jenkins and Hiney Shuler at Versailles, Ind. The men had been arrested for burglary. The steamer Excelsior arrived in San Francisco from Alaska with 63 passengers and about $2,500,000 in gold. An investigation made by Commissioner Jones, of the Indian bureau, shows that there are only 68 insane Indians in the country. Postmaster General Gary is devoting considerable attention to an investigation of the wisdom of establishing postal savings banks. Domestic exports for the eight months ended August 31 last amounted to $629,434,371, an increase of $62,217,387 over last year. The farmers along Taylor's bayou in Jefferson county, Tex., lost $150,000 by the destruction of the rice crop in the recent hurricane. Seymour Bros., stock brokers in New York, with offices in various cities in