10368. National Bank (Kansas City, MO)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 3489
Charter Number: 3489
Start Date: March 16, 1895
Location: Kansas City, Missouri (39.100, -94.579)

Metadata

Model: gpt-5-mini
Short Digest: 25edd53d

Response Measures

Full suspension

Other: Bank declined clearing-house assistance and chose suspension/liquidation so that all depositors would be paid alike.

Description

Depositors began withdrawing after an unfavorable statement published March 5, 1895, producing heavy withdrawals (over $60,000 on Saturday) that led officers to suspend/close on March 18, 1895 and place the bank in liquidation. Temporary receiver G. W. Galbreath was appointed March 18; John Perry was later appointed receiver (April 12). Dividends were subsequently paid by the receiver, but the bank did not resume as an operating bank.

Events (6)

1. March 16, 1895 Run

Cause: Bank Specific Adverse Info
Cause Details: Unfavorable official statement of the bank's affairs published March 5 prompted steady withdrawals culminating in large cash withdrawals (over $60,000) the prior Saturday.
Measures: Bank directors declined clearinghouse assistance and decided to suspend so all depositors could be paid alike; arranged liquidation.
Newspaper Excerpt: Since March 5 the depositors have been drawing out; on Saturday over $60,000 was withdrawn
Source: newspapers

2. March 18, 1895 Receivership

Newspaper Excerpt: The Comptroller of the Currency received a telegram announcing the suspension of the National Bank of Kansas City. Bank Examiner G. W. Galbreath was immediately appointed temporary receiver.
Source: newspapers

3. March 18, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Continued withdrawals following the unfavorable March 5 statement left the bank unable to meet demands and directors chose to suspend and liquidate.
Newspaper Excerpt: The National Bank of Kansas City failed to open its doors this morning. ... The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full.
Source: newspapers

4. April 12, 1895 Receivership

Newspaper Excerpt: The comptroller ... appointed John Perry of Kansas City receiver of the National bank of Kansas City, Mo., which suspended payment on March 16, 1895.
Source: newspapers

5. June 27, 1895 Other

Newspaper Excerpt: John Perry, receiver ... announced that the bank would begin the payment of the dividend to-day at 9:30 o'clock a. m.
Source: newspapers

6. August 16, 1895 Other

Newspaper Excerpt: 15 per cent dividend declared ... The second dividend declared by this bank makes a total of 40 per cent to the creditors ... Depositors will eventually be paid in full.
Source: newspapers

Newspaper Articles (24)

1. March 18, 1895 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, March 18, 1895

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BIG BANK FAILS. National Bank of Kansas City Closes Its Doors. Steady Withdrawal of Deposits Since 1893 the Cause. SUSPENDED BEFORE. The Same Bank Closed During the Panic of '93. None of the Other Banks Will be Affected. KANSAS CITY, March 18.-The National bank of Kansas City failed to open its doors this morning. The direct cause of the failure was the unfavorable statement of bank affairs given out March 5. In the panic of 1893 the bank suspended, but through arrangements between depositors and stockholders it was permitted to resume business. The steady withdrawal of deposits since that time has placed the bank in an embarrassing position and necessitated another suspension. The statement given out is not complete. It shows assets of $1,800,000; liabilities $1,084,000. The Star this afternoon will say editorially that none of the other banks of the city will be in anyway affected, being in splendid condition. Though the bank was known to have been in a shaky condition, the failure was unexpected and the news of the suspension created quite a sensation in financial circles here. The following notices posted on the bank doors were the first intimation the public had that the bank's business had dropped off so much as to force it to close its doors: "10 depositors: The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full. "[Signed,) J.S. CHICK, President." A second notice read: 'To W om it May Concern: "Time bank is in the hands of the unG. W. GALBREATH, dersigned. "Comptroller of the Currency." The following figuressh the gradual falling off in the bank's business since the panic of 1893: On July 12, 1893, the total deposits were $1,990,000; February 28, 1894, $1,777,000; March 5, 1895, $990,000. The total deposits aggregate $400,000; cash on hand yesterday $200,000. The bank is the oldest financialinetitution in the city, having been established by J: H. and W. H. Chick before the war. Until the panic of 1893 it was ranked as one of the strongest banks in d the west. In July, 1893, it succumbed to a run and temporarily closed its doors. n Although the capital was reduced and the stockholders paid in a 50 per cent h assessment in the reorganization, the institution has never recovered from the blow it received at that time and its suspension now is directly attributed to that suspension. The officers of the bank are closeted with several of the heavy depositors at this time. It is understood that it is the f intention to wind up the affairs of the ina stitution and retire from business. e President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lose a cent. Since March 5 the depositors have n been drawing out as they considered S the statement very unfavorable. On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued, they would not be able to cone tinue payment today. f There is 110 probability that any of the other banks will be aflected in any way. t While there was considerable excitement when the suspension was first made public, yet there is the best of feeling among depositors for the officers of the failed institution.

2. March 18, 1895 Evening Star Washington, DC

Article from Evening Star, March 18, 1895

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FAILED TO OPEN. The National Bank of Kansas City Forced to Suspend. KANSAS CITY, Mo., March 18.-The National Bank of Kansas City failed to open its doors this morning. The direct cause of the failure was the unfavorable statement of the bank's affairs given out March 5. In the panic of 1893 the bank suspended, but through an arrangement between depositors and the stockholders it was permitted to resume business. The steady withdrawal of deposits since that time has placed the bank in an embarrassing position and necessitated another suspension, The statement given out is not complete. It shows assets of $1,800,000, liabilities, $1,050,000. The Star this afternoon will say editorially that none of the other banks of the city will in any way be affected, being in splendid condition. The controller of the currency today received a telegram. announcing the suspersion of the National Bank of Kansas City. Bank Examiner G. W. Galbreath was immediately appointed temporary receiver.

3. March 19, 1895 The Record-Union Sacramento, CA

Article from The Record-Union, March 19, 1895

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BANK FAILURE. A KANSAS CITY CONCERN GOES TO THE WALL. Claim That All the Depositors Will be Paid in Full, With Interest for Their Money. Specialto the RECORD-UNION. KANSAS CITY (Mo.), March 18.-With assets estimated at $1,880,000 and liabilities of $1,050,000, the National Bank of Kansas City, at Fifth and Delaware streets, suspended this morning and will liquidate and go out of business. At the usual hour of opening the bank, 9:30 A. M., the following notice was posted on the door: "The bank has closed." The announcement caused no excitement. A small crowd gathered about the bank, but it soon dwindled away to half a dozen loungers, and an occasional passer-by would read the notice and pass on. Stockholders and depositors called occasionally, and most of them were admitted. In almost every case they would walk to the desk and shake hands with President Chick, who in a few words would explain the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comment. Sinca the publication of the bank's statement on March 5th, depositors have been withdrawing their deposits, and on Saturday evening it was apparent to the officers of the bank that they could not carry on business through the day unloss the Clearing-house came to their assistance with a loan. A meeting of the Clearing-house Association was called yesterday, which was attended by the directors of the National Bank of Kansas City. President Chick said: We paid out over $60,000, and saw that we could not meet the demands this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general, and we consequently declined the assistance. The Bank of Commerce offered to help us, but we had decided to suspend so as to pay all depositors alike, and no person will have an advantage. Every depositor will be paid in full, and no will lose a cent. We will endeavor to have a settlement just as soon as possible.' A prominent member of the Kansas City Clearing-house Association said: "The liquidation of the National Bank of Kansas City in no wise affects the other banks of this city. That the bank would have to liquidate sooner or later has been known for some time. When the bank failed on July 15, 1893, during the panic, it was doubtful whether or not it would open again." The probable assets of the bank are close to $2,000,000, but owing to the fact that much of this is represented by paper and real estate, it will be very slow for collection. In fact the closing of the bank can hardly be termed a failure, but simply a gradual dying out. There is but little doubt but what the depositors will receive dollar for dollar, with interest for their money, although it may be some time before they will get their pay. The current opinion expressed among bankers and others who have information on the matter fixes the amount that will be realized bv stockholders at from 25 to 40 per cent. on their holdings of stock. Cashier Rule of the Bank of Commerce said that telegrams had been sent out by his bank to the country banks who have been customers of the National Bank at Kansas City, informing them that all drafts on the suspended bank will be honored by the National Bank of Commerce. He is also notifying the wholesale merchants of this city that this bank will honor their checks if they SO desire. In the panic of 1893 the national bank suspended, but through an arrangement between the depositors and stockholders it was permitted to resume business. The steady withdrawal of deposits since that time placed the bank in an embarrassing position, causing another suspension. The statement given out shows assets $1,800,000, liabilities $1,050,000. TEMPORARY RECEIVER APPOINTED. WASHINGTON, March -The Comptroller of the Currency to-day received a telegram announcing the suspension of the National Bank of Kansas City. Bank Examiner Galbraith was appointed temporary receiver. The capital stock is $1,000,000, with assets at the face value amounting to nearly $2,000,000, of which $170,000 is cash on hand and due from other banks. The liabilities are estimated at $1,084,0000.

4. March 19, 1895 The Record-Union Sacramento, CA

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WASHINGTON, March 18.-The Comptroller of the Currency to-day received a telegram announcing the suspension of the National Bank of Kansas City. Bank Examiner Galbraith was appointed temporary receiver. The capital stock is $1,000,000, with assets at the face value amounting to nearly $2,000,000, of which $170,000 is cash on hand and due from other banks. The liabilities are estimated at $1,084,0000.

5. March 19, 1895 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 19, 1895

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FORCED TO SUSPEND NATIONAL BANK OF KANSAS CITY GONE INTO LIQUIDATION. Its Assets Estimated at $1,880,000 and Liabilities, $1,050,000-Too Much Boom Paper the Cause. KANSAS CITY, Mo., March 18.-With assets estimated at $1,880,000 and liabilities of $1,050,000 the National Bank of Kansas City, at Fifth and Delaware streets, suspended this morning, and will liquidate and go out of business. At the usual hour of opening the bank, 9:30 o'clock this morning, two notices were posted on the door. The first was signed by J. S. Chick, president. It said: "The directors and stockholders of this bank have decided to discontinue bustness. All deposits will be paid in full." The second notice read: "This bank is in the hands of the undersigned." The "undersigned" was G. W. Galbreath, the bank examiner. These announcements caused no excitement. A small crowd gathered about the bank, but it soon dwindled away to a half dozen loungers and an occasional passer-by, who would read the notices, say "That's too bad," and pass on. Stockholders or depositors called occasionally, and most of them were admitted. In almost every case they would walk to the desk and shake hands with President Chick, who would explain the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comments were made. Since the publication of the bank's statement on March 5 depositors have been withdrawing their deposits, and on Thursday evening it was apparent to the officers of the bank that they could not carry on the business through to-day unless the clearing house came to their assistance with a loan. A meeting of the clearing house association was called for yesterday, which was attended by the directors of the National Bank of Kansas City. President Chick said: "Saturday we paid out over $60,000, and saw that we could not meet the demand this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general, and we consequently declined the assistance. The Bank of Commerce offered to help us, but we had decided to suspend so as to pay all depositors alike, and no one person will have an advantage. Every depositor will be paid in full, and no one will lose a cent. We will endeavor to have a settlement just as soon as possible." A prominent member of the Kansas City Clearing House Association said: "The liquidation of the National Bank of Kansas City in no wise affects the other banks

6. March 19, 1895 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, March 19, 1895

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A BIG BANK FAILURE. The National Bank of Kansas City to Go Into Liquidation. Kansas City, March 18.-With assets estimated at $1,880,000 and liabilities of $1.050,000, the National Bank of Kansas City suspended this morning, and will liquidate and go out of business. At the usual hour of opening the bank, 9:30 a. m., notices announcing suspension were posted on the doors. These announcements caused no excitement. A small crowd gathered about the bank, but it soon dwindled away to half a dozen loungers, and an occasional passer-by would read the notices and pass on. Stockholders or depositors called occasionally, and most of them were admitted. In almost every case they would walk to the desk and shake hands with president Chick, who in a few words would explain the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comment. Since the publication of the bank's statement on March 5 depositors have been withdrawing their deposits, and on Saturday evening it was apparent to the officers of the bank that they could not carry on business through today unless the clearing house came to their assistance with a loan. A meeting of the Clearing House Association was called for yesterday, which was attended by the directors of the National Bank of Kansas City. President Chick said: "We paid out over $60,000 and saw that we could not meet the demand this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general and we consequently declined the assistance. The Bank of Commerce offered to help us but we had decided to suspend so as to pay all depositors alike, and no person will have an advantage. Every depositor will be paid in full and no one will lose a cent. We will endeavor to have a settlement just as soon as possible." A prominent member of the Kansas City clearing association said: "The liquidation of the National Bank of Kansas City in no wise affects the other banks of this city, That the bank would have to liquidate sooner or later has been known for some time. When the bank failed on July 15. 1893. during the panic, it was doubtful then whether or not It would reopen again. The probable assets of the bank are close to $2,000,000. but owing to the fact that much of this is represented by paper and real estate. It will be very slow for collection. In fact, the closing of the bank can hardly be termed a fallure, but simply a gradual dying out. There is but little doubt that the depositors will receive dollar for dollar with interest for their money. although it may be some time before they get their pay." The current opinion expressed among bankers and others who have information on the matter fixes the amount that will be realized by stockholders at from 25 to 40 per cent. on their holdings of stock. Cashier Rule, or the Bank of Commerce, said that telegrams had been sent out by his bank to the country banks who have been customers of the National Bank of Kansas City, informing them that all drafts on the suspended bank would be honored by the National Bank of Commerce. He is also notifying the wholesale merchants of this city that this bank

7. March 19, 1895 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, March 19, 1895

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WESTERN BANK FAILS. The National Bank of Kansas City Forced to Closo its Doors. ONE OF THE STRONGEST BANKS In the West, It was Forced to Suspond During the Panic of 1803-Yester by n day's Husponsion was Caused Withdrawal of Deposits-President Chick's Statement-Th Creditors will be Paid in Full. KANSAS CITY, Mo., March 18.-With and liaestimated at $1,880,000 Bank assets bilities of $1,050,000. the National Delaware Kanens City, at Fifth and and of suspended this morning, streets. will liquidate and go out of business. thobank the usual hour of opening At o 'clock this morning, the door: following 9:30 notices were posted on the Depositors: To directors and stockholders discontinue of busi- this The decided to in full. J. S. (Signed) bank ness. have All deposits will be CHICK. paid President. A second notice read: It May Concern: To This Whom bank is in the hands of the undersigned. C. W. GALBRKATH, (Signed) Comptroller of the Currency. ex. announcements caused gathered no The A small crowd dwindled citement. bank, but it soon an about the dozen loungers, and away to half passer-by & would " and read pass the on. nooccasional "That's too bad,' called occamost tices. Stockholders say or depositors of them were adsionally and In almost every case hands they mitted. walk to the desk and shake a few would President Chick, who situation. in His with words would explain the case satisfacexplanation was in every talk and no There was no loud made. tory. unfavorable comments publication were of the bank's Since the on March 5 depositors have and statement withdrawing their deposits. apparent to been evening it was on Saturday of the bank that they could tothe officers on the business through came to not carry the clearing house A meetday unless assistance with a loan. Association their Clearing House ating of the for yesterday, which National was tended was called by the directors of the Bank of Kansas City. we "Saturday President over Chick $60,000 said: and saw that morn- we was something could paid out not meet the demand done. this Some ing unless banks were anxious to help and us. we of the the feeling was not general The but declined help had decided of Commerce offered so as to consequently Bank to suspend assistance. to one per- us. pay all depositors Every debut will we have an advantage. alike, full, and and no no one son positor will be paid We in will endeavor to will lose settlement a cent. just as BOOD as possible. among hit a current opinion expressed the amount The and other men fixes stockholdbankers will be realized by the of their that from 35 to 40 per cent stockwere in the ers holdings at of stock. directory. The principal holders bank is the oldest financial estab- instiThe city, having been Chick tution lished by in Messrs. the J. 11. the and panic W. H. of 1893 before the war. Until one of the strongest it was ranked in the west. as In July, temporarily 1893, it banks auccumbed to a run and closed its doora. the capital was reduced Although stockholders paid in a 50 per and the assessment in the re-oganization, recovered cent the institution has received never at that time, from its the suspension blow it now is directly attributed and to that suspension. of the bank are closeted Theofficers several of the heavy depositors with aunderstood thatitisthein of the inthistime. to wind up the affairs tention and retire from business. stitution J. S. Chick says that and the President is merely in liquidation cent. suspension a depositor will lose have a been that not March 5 the depositors the Since out, and they considered Saturdrawing very unfavorable. On and statement $60,000 was withdrawn day over saw that if the run continue continthe officers would not be able to probabilpayment ned they to-day. The is banks no will be any of the other was ity that any way. While there suseffected in excitement when the there considerable was first made public, depositors, yet pension best of feeling among of the for is the the officers' show report the falling following figures the bank's business July off the in panic of 1893. On $1,990.since the total deposits were $1,777,000; 12. 1895, Fobruary 29, 1894, total de000; 1894, $990,000. The March to-day 5, aggregated $400,000. posits other banks the suspension affair, At the regarded as an unfortunate effect except was will have no direct the other which tho business of all the weakto increase In banking circles had been banks. condition of the bank the action ened for a long time. and suspenof known the directors in deciding There on were no institutions. sion indications was no of surprise. a run at any of the other A Gambling Transaction.

8. March 19, 1895 The Times Richmond, VA

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ANOTHER BIG BANK FAILURE. This Time it is the ational Bank of Kan. *HS City. KANSAS CITY, MO., March 18.-The National Bank of Kansas City failed this morning. The capital of the bank is $1,000,000. No detailed statement of the condition of the bank has been given out. The failure was unexpected, and the news of the suspension created quite a sensation in financial circles. The bank is the oldest financial institution in the city, having been established by Messrs. H. J. and W. J. Chick before the war. Until the panic of 1893 it was ranked as one of the strongest banks in the west, In July, 1893, it succumbed to a run and temporarily closed its doors. A though the capital was reduced and the stockholders paid in a fifty per cent. assessment in the reorganization, the bank has never recovered from the blow it received at that time, and its suspension now is directly attributed to that suspension. According to the statement of the bank March 5th, the deposits were $990,559. The following notice was posted on the bang door: To depositors: The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full. J. S. CHICK (Signed) President. It is said that not a depositor here will lose a cent. The official statement was published March 5th. Since then depositors have been drawing out, as they considered the statement very unfavorable. Depositors on Saturday drew out over $60,000, and the officers saw that if the run was continued they would not be able to continuel payment to-day.

9. March 19, 1895 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, March 19, 1895

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Kansas City Bank Failure. KANSAS CITY, March 19.-The National Bank of Kansas City failed to open its doors. The direct cause of the failure was the unfavorable statement of the bank's affairs given on March 5. In the panic of 1893 the bank suspended but was permitted to resume business. The steady withdrawal of deposits since has necessitated another suspension. The statement given out is not complete. It shows assets of $1,800,000; liabilites $1,050,000. No other banks are affected.

10. March 19, 1895 The Morning News Savannah, GA

Article from The Morning News, March 19, 1895

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A KANSAS CITY BANK FAILS. Its Weakness Dates Back to the Panie of 1893. Kansas City, Mo., March 18.-The National Bank of Kansas City failed this morning. The capital stock of the bank is $1,000,000. No detailed statement of the condition of the bank has been given out. The failure was unexpected and the news of the suspension created quite a sensation in financial circles. The bank is the oldest financial institution in the city, having been established by J. H. and W. H. Chick before the war. Until the panie of 1893, it was ranked as one of the strongest banks in the west. In July, 1893, it succumbed to a run and temporarily closed its doors. Although the capital was reduced and the stock holders paid in a 50 per cent. assessment in the reorganization the institution has never recovered from the blow it received at that time, and its suspension now is directly attributed to that suspension. According to the statement of the bank March 5, the deposits were $990,559. The following notice was posted on the bank door: To Depositors-The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full. J. S. Chick, President. A second notice read: "This bank is in the hands of G. W. Galbraith, comptroller of the currency." President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lose a cent. The official statement was published March 5. Since then depositors have been drawing out as they considered the statement unfavorable. Depositors on Saturday drew out over $60,000, and the officers saw that if the run continued they would not be able to continue payment to-day.

11. March 19, 1895 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, March 19, 1895

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Kansas City Bank Closed. KANSAS CITY, March 19.-The National Bank of Kansas City, capital $1,000,000, has closed its doors. J. S. Chiek, a wellknown financier, is the president of the institution. No statement has yet been made, but it is said that the creditors are amply protected. The bank yielded to pressure in the panic of 1893, but straightened its affairs and resumed. Since then business has been poor.

12. March 19, 1895 The Herald Los Angeles, CA

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Suspension of a Bank Washington, March 18. - The Comptroller of the Currency today received a telegram announcing the suspension of the National Bank of Kansas City. Bank Examiner Galbreith was appointed temporary receiver. The capital stock is $1,000,000, with assets at face value, amounting to nearly $2,000,000, of which $170,000 is cash on hand and due from other banks. The liabilities are estimated at $1,840,000.

13. March 19, 1895 The Herald Los Angeles, CA

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BANK CLOSED ITS DOORS A Concern is Kansas City That Went To the Wall The Liabilities Amounted to Over a Million Dollars and the Assets Were Not Equal Crisas City, Mo., March 18.-With asestimated at $1,880,000 and liabilities 01 350,000. the National Bank of KanCity, at Fifth and Delaware streets, Sended this morning and will liquisw and go out of business. At the usual he of opening the bank, 9:30 a. m., 1. CPS of closing were posted on the doors. T resu announcements caused no excitemine A small crowd gathered about the but it soon dwindled away to half a 102 in loungers and an occasional passer In would read the notices and pass on. Stockholders or depositors called occaonly and most of them were admitted. 1:1 nost every case they would walk to the nesk and shake hands with President Chick, who. in a few words. would exInin the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comment. Since the publeiation of the bank's statement on March 5th depositors have been withdrawing their deposits, and on Saturday evening it was apparent to the officers of the bank that they could not carry on business through today unless the clearing house came to their assistance with a loan. A meeting of the Clearing House Association was called for yesteday. which was attended by the directors of the National Bank of Kansas. President Chick said: "We paid out over $60,000 and saw that we could not meet the demand this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general and we consequently declined the assistance. The Bank of Commerce offered to help us, but we had decided to suspend so as to pay all depositors alike, and no person will have an advantage. Every depositor will be paid in full and no one will lose a cent. We will endeavor to have a settlement just as soon as possible.' A prominent member of the Kansas City Clearing House Association said: "The liquidation of the National Bank of Kansas City "in no wise affects the other banks of this city. That the bank would have to liquidate sooner or later has been known for some time. When the bank failed on July 15, 1893. during the panic, it was doubtful then whether or not it would reopen again. "The probable assets of the bank are elose to $2,000,000, but owing to the fact that much of this is represented by paper, and real estate. it will be very slow of collection. In fact the closing of the bank oan hardly be termed a failure, but simply a gradual dying out. There is but little doubt that the depositors will receive dollar for dollar with interest for their money, although it may be some time before they will get their pay." I The current opinion expressed among bankers and others who have information on the matter fixes the amount that will be realized by stockholders at from 25 to 40 per cent on their holdings of stock. Cashier Rule of the Bank of Commerce said that telegrams had been sent out by his bank to the country banks who have been customers of the National Bank of Kansas City, informing them that all drafts on the suspended bank will be honored by the National Bank of Commerce. He is also notifying the wholesale merchants of this city that this bank will nonor their checks if they so desire."

14. March 19, 1895 New-York Tribune New York, NY

Article from New-York Tribune, March 19, 1895

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FOURTEEN PAGES. THE NEWS THIS MORNING. Foreign.-All was quiet in Madrid; Canovas will A probably be the next Spanish Premier. plot to make Antonio Ezeta President of Salvador was discovered last month; many arrests were made and a large number of executions ordered. The revolt in Colombia is reported to have been crushed; the rebel army has surrendered. The warship which fired on the Alliança has been identified as the Spanish cruiser Conde de Venadido. Domestic.-President Cleveland upholds the action of Secretary Gresham in the Alliança affair. Further exposures of corruption at the State House under "Barney" Ford were made before the New-Jersey Investigating Committee at A will of Senator Fair, dated three Trenton. days later than the stolen one, was offered for The probate by counsel for the children. bills of the Committee of Ten for a single-headed Police Department were introduced in the LegisThe National Bank of Kansas City, lature. Mo., suspended. City and Suburban.-The Extraordinary Oyer and Terminer Grand Jury brought in a large number of indictments, but the names of the persons against whom they were found were not given out; a strong presentment severely criticising the police force and Superintendent Byrnes steamer A accompanied the indictments. and a schooner struck on the Romer Shoal; the steamer got off and went to sea, but the schooner stuck fast. Irishmen celebrated St. Patrick's Day by a parade and a large number of Mayor Strong appointed Jacob meetings. W. Mack to succeed Randolph Guggenheimer in "Tim" Campbell the Board of Education. made an attack on Judge McAdam in his testimony in his contest for H. C. Miner's seat in The stock market advanced, the Congress. entire list showing improvement. The Weather.-Forecast for to-day: Cold and westerly winds. Temperature yesterday: Lowest, 31 degrees; highest, 41; average, 36%.

15. March 20, 1895 Watertown Republican Watertown, WI

Article from Watertown Republican, March 20, 1895

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KANSAS CITY BANK FAILS. The National's Doors Are ClosedHad Suffered in the 1893 Panic. Kansas City, Mo., March 18.-The National bank of Kansas City failed to open its doors this morning. The direct cause of the failure was the unfavorable statement of the bank's affairs given on March 5. In the panic of 1893 the bank suspended, but through an arrangement between depositors and the stockholders it was permitted to resume business. The steady withdrawal of deposits since that time has placed the bank in an embarrassing position and necessitated another suspension. The statement given out is not complete. It shows assets of $1,800,000 and liabilities of $1,050,000. The Star this afternoon will say editorially that none of the banks of the city will be in any way affected, being in splendid condition. The total deposits aggregate $400,000; cash on hand yesterday, $200,000. The bank is the oldest financial institution in the city, having been established by Messrs, J. H. & W. H. Chick before the war. Until the panic of 1893 it was regarded as one of the strongest banks in the West. In July, 1893, it succumbed to a run and temporarily closed its doors. The following figures show the gradual falling off in the bank's business since the panic of 1893. On July 12, 1893, the total deposits were $1,990,000; February 29, 1894, $1,777,000; March 5, 1894, $990,000. Washington, D. C., March 18.-The comptroller of the currency today received a telegram announcing the suspension of the national bank of Kansas City. Bank Examiner G. W. Galbraith was immediately appointed temporary receiver. The capital stock of the bank is $1,000,000, with assets at their face value amounting to nearly $2,000,000, of which $170,000 is in cash on hand and due from other banks. The liabilities are estimated at $1,084,000.

16. March 22, 1895 The Globe-Republican Dodge City, KS

Article from The Globe-Republican, March 22, 1895

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KATY MUST PAY Texas Fever Damages as Fixed by Jury. A Pension Decision-Bank Commissioner Contest-Cherokees Must Share With Adopted CitizensChase Investigation Matter-Failure of a Kansas City Bank. The National Bank of Kansas City. The National Bank of Kansas City, Mo., is closed and in the hands of Bank Examiner G. W. Galbreath as temporary receiver. President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lone a cent. Since March 5 the depositors have been drawing out, as they considered the statement very unfavorable. On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued they would not be able to continue payment. There is no probability that any of the other banks will be affected in any way. While there was considerable excitement when the su-pension was first made public, yet there is the best of feeling among the depositors for the officers of the failed institution. Bank Commissioner Breidenthal, of Kansas, says that the failure of the National Bank of Kansas City will not seriously affect Kansas banks. Mr. Breidenthal says that about fifty Kansas banks are correspondents of the National Bank of Kansas City, but that since the bank's trouble in 1893 they have. as a rule, kept but small balances th re. He says the failure of the bank to fully restore the confidence of its country correspondents has no doubt been one of the principal causes of its present trouble.

17. March 23, 1895 Western Kansas World Wakeeney, KS

Article from Western Kansas World, March 23, 1895

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The National Bank of Kansas City. The National Bank of Kansas City, Mo., is closed and in. the hands of Bank Examiner G. W. Galbreath as temporary receiver. President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lose a cent. Since March 5 the depositors have been drawing out, as they considered the statement very unfavorable. On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued they would not be able to continue payment. There is no probability that any of the other banks will be affected in any way. While there was considerable excitement when the suspension was first made public, yet there is the best of feeling among the depositors for the officers of the failed institution. Bank Commissioner Breidenthal, of Kansas, says that the failure of the National Bank of Kansas City will not seriously affect Kansas banks. Mr. Breidenthal says that about fifty Kansas banks are correspondents of the National Bank of Kansas City, but that since the bank's trouble in 1893 they have. as a rule, kept but small balances th re. He says the failure of the bank to fully restore the confidence of its country correspondents has no doubt been one of the principal causes of its present trouble.

18. March 26, 1895 Kansas City Daily Journal Kansas City, MO

Article from Kansas City Daily Journal, March 26, 1895

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- and . information has reached the office of the I comptroller of the currency that Presi, dent Chick, of the National Bank of ) I Kansas City, will not object to be appointed receiver of that institution. It : is claimed that quite a number interested in the bank have concluded to insist that Mr. Chick be given this position. claiming. as they do, that he is better acquainted with the business of the bank than anyone else and would know better how to get the greatest possible returns from the paper of the bank. In this way it is claimed that the depositors are made more certain of full payment and certain of more prompt payment, and beyond this the department is really but little interested. This proposition will open up a new question for the comptroller of the currency, who is expected to return on Wednesday. It is believed that he will take up the matter of appointing a receiver just as soon as he gets back, but no far nothing has been heard from him since he left for the mountains of North Carolina for a hunt. He is liable to break in at any time, but is not expected until Wednesday, and no one would be surprised if he did not put in an appearance before the last of the week. He has not communicated with the office since leaving. and unless he has caught the information in some sickly publication down South he does not know as yet of the increased departmental duties called for by the new complications in Kansas City. How he will look on this new departure of appointing the president of a bank receiver is not known. So far. however, there is not a departmental precedent, and it is the opinion of the officials in the department that the comptroller will have no little difficulty in reaching the conclusion that this is the best thing to do. It has always been the policy of the department to select a man for receiver who has no interest whatever in the affairs to be closed up under government care. This plan has always been followed. but of course all things are liable to change, and it may happen that this will offer such inducements to break the rule that it will fall into history as a precedent for a different line of policy. In the time papers in support of applicants for the place of receiver are pouring in. Mr. John Perry, of Kansas City, also reached the department this morning with an application for the place. His formal application is accompanied with the usual number of indorsements. Mr. Thomas George, of Kansas City, also wired the department to-day a change of heart. When he left here some days ago, after having made the fight for the appointment as one of the judges in the Indian country, he concluded that he would like the appointment as attorney to look after the business of the bank. but having reached home he came to the conclusion that he would like the appointment of receiver, and SO advised the department to-day by wire. It was stated at the department that so far it appeared that more indorsements had arrived in support of Mr. R. , W. Hocker than for anyone else. It being the general opinion that the comptroller will take the matter up just as soon as he arrives, it is believed to be a good plan for all indorsements to be on hand very soon.

19. March 28, 1895 Wood County Reporter Wisconsin Rapids, WI

Article from Wood County Reporter, March 28, 1895

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TELEGRAMS IN BRIEF. DOMESTIC. Ex-Mayor Richard Vaux, of Philaelphia, is dead. Cleveland appointed M. Springer and ilgore, of Texas, federal judges. The supreme court dismissed the in the Oakland water front case. Four mail cars will be put in use the Yerkes line in Chicago April 1. Dr. Henry Coppee, acting president Lehigh university, died of heart disaged 75. Tommy White, of Chicago, bested eorge Siddons, of New York, in a x-round go at the Triangle Club. Young Griffo's manager has covered leAuliffe's deposit for a fight for the weight championship. Cornell will send her varsity eight England to take part in the race the visitors' challenge cup. Judge A. A. Winters, president of Ohio League of Building and Loan ssociations, died at Dayton. Amos Townsend, of Cleveland, Ohio, t-congressman and a prominent erchant, died at St. Augustine, Fla. Postmaster McBain, of Owosso, lich., was assaulted and almost urdered by an unknown thief. James Cooley, of Spartansburg South Carolina, was whipped white caps for teasing his mother. The National Bank of Kansas City suspended. Liabilities are $1.050, and assets $1,880,000. Window glass manufacturers of the nited States will meet at Pittsburg form a trust. A shortage of $80,000 has been disovered at the Carson mint. An inestigation is in progress. Silas P. Carpenter is the town treasof Rockford, Vt. He has been lected for fifty years in succession. Miss Mamie Powderly, of Randolph, Iass., is assistant private secretary Lady Henry Somerset, and has gone England with her. Officers believe they have a clew will lead to the arrest of the men the lynched Mrs. Holton, in Nebraska. Leonard Miller, a wealthy farmer of ewton Falls, Ohio, was probably injured by a masked robber. Manufacturing plants in Burlington, valued at $300,000, were destroyed fire. One life was lost. Miss Anna Miller, formerly a kinderteacher, was burned to death a state institution at Lincoln, III. Harvard's faculty has reiterated its eclaration against students participatin intercollegiate football games. Mgr. Satolli has temporarily susended the pope's edict shutting out atholic Knight of Pythias. Final papers consolidating the entire interests of Ohio operators and arriers were signed at Columous. Marie Burroughs, the actress, has divorce suit against her husband San Francisco, charging infidelity. The United States Cordage company sold its Chicago plant to the Deerings, its former owners. Vice President Stevenson, with his anily, will leave April 10 for Europe, there they will spend the summer. The commissioner of internal revenue eports an increase in total receipts eight months or $5,180,622. Alfred D. Tinsley, rejected by the enate, has been again appointed postnaster at Sioux Falls, S. D. Coal miners in the Albia district of threaten to strike if their wages reduced, as the operators propose. United States authorities have deto take a firm stand against inerference in Venezuela. People of Thomasville Ca tendorod

20. March 30, 1895 The Cape Girardeau Democrat Cape Girardeau, MO

Article from The Cape Girardeau Democrat, March 30, 1895

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. MATTIE FREEEAN, the 17-year-old "contract" wife of Philander Freeman, 67 years old, shot herself dead at Springfield, Mo. WINDOW glass manufacturers of the United States will meet at Pittsburgh and form a trust. A SHORTAGE of $700,000 was reported in the United States mint at Carson Nev. Gov. SHELDON announced that for the period of one year the importation of Texas cattle into South Dakota would be forbidden. BECAUSE of an error of an enrolling clerk of the Indiana senate Gov. Matthews signed a bill which had not been passed. NEWS reached Key West, Fla., that the American schooner Irene was fired into and dismasted by the Spanish cruiser Infanta Isabel. THE National bank of Kansas City suspended with liabilities of $1,050,000 and assets of $1,880,000. MRS. M. E. HOLTON, living alone on a ranch near Butte, Neb., was outraged and then lynched. Cattle rustlers were suspected of committing the crime. A NEGRO shot two brothers named Pattingim at New Orleans, killing one and fatally wounding the other. MEMBERS of Nat Sebastian's pedestrian theatrical company left St. Louis for their long tramp across the country to New York city. Sebastian bets $1,000 that the company can travel to New York by foot in 108 days, without hotel accommodations, and earn $2,500 en route. FINAL papers consolidating the entire coal interests of all Ohio operators and carriers were signed at Columbus. H. A. McCoMBER shot and killed George Farmer at Rock Creek, Tex., and then killed himself. The trouble occurred over a debt of $100 Farmer owed McComber. THE steamship Horsa with 200 colored emigrants for Liberia sailed from Savannah, Ga. A COMBINATION of all the window glass interests of the country under the name of the National Association of Window Glass Manufacturers was formed at Pittsburgh with a capital of $25,000,000. RECEIVERS were appointed at St. Paul for the Walter A. Wood Harvesting company. CONFIRMATION was received of the reported sinking of the American schooner Irene by the Spanish warship Infanta Isabella. THE safe in the postoffice at Camden, Ala., was blown and robbed of between $3,500 and $4,000. BEN and Allen Pringle and James Britton had a hostile meeting near Kewaunee, Miss. The brothers were killed and Britton fatally wounded. ONE suicide a day during the present year, seventy-eight in all, is the record for Chicago. DANIEL DAWSON, Robert Holman and James Holman, negroes suspected of barn-burning, were lynched by a mob at Tyler, Ala. CHRISTIAN science healers at Dayton, O., were arrested charged with having caused the death of a child by neglect. INDICTMENTS were returned against ten police officials of New York city and they were under heavy bonds. A STATEMENT prepared by the commissioner of internal revenue shows government receipts during the eight months of the present fiscal year of $100,532,466. THE Pioneer lumber mills, Baldwin refrigerator worksand Vermont RollerShade company shops were burned at Burlington, Vt., the loss being $300,000. THE explosion of a sawmill boiler near Eight-Mile Creek, Tex., killed six persons and maimed as many more. ALFRED D. TINSLEY, rejected by the senate, was again appointed postmaster at Sioux Falls, S. D. CABINET officials believe that the United States should protect Venezuela from oppression by foreign countries. JOHN ARGUS and his wife, of Buffalo Island. Ark., were killed while asleep by robbers, their baby lying between them being uninjured. IT vasreported that Secretary Gresham had demanded the recall of L. A. Thurston, the Hawaiian minister at Washington. Thurston is charged with undiplomatic conduct. THE Michigan senate passed a bill prohibiting publishers from mailing their publications to subscribers after subscriptions have expired. SABINS MAIN and Miss Sarah J. Simpson were married at Phillippi, W. Va., after a courtship of thirty-two years. THE United States authorities decided to take a firm stand against interference in Venezuela. MRS. MARY E. LEASE declined the populist nomination for mayor of Wichita. Kan. RELIABLE reports are that the peaches are all killed in Indiana, but that the small fruits are not affected to any serious extent. THRKE children of a laborer named Charles Ross, all under 3 years old. were burned to death at Springfield. Mo. They were left in the house while the parents went visiting, and a lamp exploded. BETWEEN twenty-five and fifty men were killed by an explosion in the Rocky Mountain Coal and Iron company's mine at Red Canyon. Wyo. A CYCLONE in Georgia did great dam-

21. April 13, 1895 The Herald Los Angeles, CA

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Receiver of a Bank WASHINGTON, April 12.-The controller of the cureracy today appointed John Perry of Kansas City receiver of the National bank of Kansas City. Mo., which suspended payment on March 16. 1895, and John F. Smith of Fort Worth, Tex., receiver for the City National bank of Fort Worth, which suspended April 4, 1895.

22. June 27, 1895 Kansas City Daily Journal Kansas City, MO

Article from Kansas City Daily Journal, June 27, 1895

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Dividends To-day. John Perry, receiver of the National Bank of Kansas City, returned from Washington yesterday, where he went in the interest of the 25 per cent dividend to be paid to the depositors of the bank at an early day. He authorized the announcement that the bank would begin the payment of the dividend to-day at 9:30 o'clock a. m.

23. August 16, 1895 Kansas City Daily Journal Kansas City, MO

Article from Kansas City Daily Journal, August 16, 1895

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Dividend Declared. A The clerical force in the office of John Perry, receiver of the National Bank of Kansas City, are busy preparing schedules and vouchers for the 15 per cent dividend declared yesterday at Washington by Comptroller Eckels. As near as can be estimated the dividend will be available to the depositors and creditors of the bank about the first week in September. The second dividend declared by this bank makes a total of 40 per cent to the creditors and is a most satisfactory showing. Depositors will eventually be paid in full.

24. November 19, 1926 The Kansas City Post Kansas City, MO

Article from The Kansas City Post, November 19, 1926

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NATIONAL Journal Handling News About Run Appreciated by Bank. thank you from the tom of hearts for delightful manner which you handled the news tone seemed people had place the paper wonderhelp President. National Kansas City. November 1926.