Sherman County State Bank (Goodland, KS)

Episode Information

Episode Type
Suspension → Closure
Start Date
March 9, 1896
Location
Goodland, Kansas (39.351, -101.710)
Bank Type
state

Metadata

Notes

Contemporary articles describe the bank closing and a receiver being appointed; liquidation actions followed.

Events (4)

1. March 9, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had accumulated bad or doubtful paper during panic and crop failures and decided to close; assets insufficient relative to liabilities.
Newspaper Excerpt
The Sherman county bank at Goodland, Kan., closed its doors.
Source
newspapers
2. April 2, 1896 Receivership
Newspaper Excerpt
Judge C. W. Smith has appointed Hoyt Andrews receiver of the Sherman County bank, at Goodland.
Source
newspapers
3. August 1, 1896 Other
Newspaper Excerpt
Sherman County Bank named as defendant with Charles F. Weber and Alfred Dawson, receivers of the Sherman County Bank, in sheriff's sale notices.
Source
newspapers
4. April 4, 1898 Other
Newspaper Excerpt
Notice for final discharge by receiver Charles F. Weber will be filed in district court (April term 1898).
Source
newspapers

Newspaper Articles (14)

Article from The Goodland Republic, December 6, 1895

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The Sherman County bank will reorganize in January. This bank was the first one established in the county and of the ten banks that have done business in the connty, is the only one remaining. Through panic and crop failures this bank has promptly met all its obligations, and this fact alone speaks volumes for its management. During the panic and crop failures the bank has necessarily accumulated more or less bad or doubtful paper. This the management have decided to throw out and reorganize the bank with clean and undoubtee assets, and with a cash reserve large enough to do a safe and profitable business.


Article from Phillipsburg Herald, March 12, 1896

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r -The Sherman county bank closed is doors Monday morning, announeing that the bank was in the hands of Bank Commiasioner Breidenthal. The bank officials claim that they will be able to pay out dollar for dollar, and place the assets at $60,000 and liabilities at $35,000. The county has a deposit $23,000 and Goodland City $5,000 in the bank. This bank held deposits of many railroad men who run into this place. Many of them think they will get their money back. M. B. Tomblin, irrigation commissioner, was the bank's president. -It would be as easy to find a christian in the Fiji Islands as to find an honest free coinage republican politician in the state of Kansas.-Beloit Call. If the Call had said it would be as easy to find a christian among Pop politicians it would have sounded much less ridiculous.-Kirwin Globe. What is the matter with Congressman Baker, Messrs Arnold, Johnson, Smith, Wagoner, Utter, and Baker? These men, though pop politicians. are all regular attendants at church, and all try at least to lead christian lives. Better let men's religion alone. though you don't like their politics, Sandy. -Inquiry has been made regarding the naming of Phillips county and Phillipsburg. Hon. John Bissell is authority for the statement that the name Phillips is that of a soldier who was killed by the Indians years ago, within the confines of what is now our county. Phillipsburg was named after Hon. W. A. Phillips, a congressman of olden time, and who sided with the people in the vicinity in their fight with Kirwin over the location of the county seat. At that time no buildings were in sight for the present town site. Other counties were named in honor of soldiers killed in warfare with Indians, Rooks and Osborne being of the number. -The Conn Bros. had their preiminary trial at Colorado Springs. Friday last, and were bound over to the May term of the district court. Their troubles grew out of a diamond transaction. In December a Chicago firm took their show cases and a portion of their stock for debt; this caused a scare among other creditors, a Denver firm getting in first took the remainder of the goods, among which were abont a thousand dollars worth of diamonds, belonging to a Kansas City house that the boys were holding on consignment. Soon after, J. A. Conn went to Cameron, Mo., where he was. arrested for embezzlement as bailee and taken to Colorado Springs. M. A. Conn came home where he W88 arrested. The boys are out on $700 bail each, and but confident of getting clear of this charge. Public sympathy here is with them, and everybody looks for their release.


Article from The Star, March 18, 1896

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BRIEF MENTION

The parade of striking Baltimore garment workers was not a glittering success. The suspended Dime Savings Bank at Willimantic, Conn., will probably pay about 60 per cent. The quarterly statement mill dividends at Fall River indicates that the season has been prosperous, The Sherman county bank at Goodland, Kan., closed its doors. Assets, $60,000; liabilities, $85,000. The Albion paper company, of Holyoke, N. J., failed. Liabilities between $500,000 and $1,000,000.


Article from Abilene Weekly Reflector, April 2, 1896

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KANSAS BANKS IN TROUBLE

One Needs N Receiver and \nother Stuggies to EBcap» the Officials. TOPEKA. Kan., March 31.-Assistant Attorney-General Godard has returned from Goodland, where he went to ap. ply for a receiver for the Sherman County state bank. Those interested were unable to agree upon a receiver, and the choice was left with District Judge Smith. Bank Commissioner Breidenthal has been notified by the officers of the Valley state bank of Hutchinson, which was recently closed, that the affairs of the bank were being so arranged that business could be resumed by the middle of this week.


Article from The Topeka State Journal, April 2, 1896

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Bank Receiver Appointed

Judge C. W. Smith has appointed Hoyt Andrews receiver of the Sherman County bank, at Goodland. This was the bank of which M. B. Tomblin, of the state irrigation board, was president.


Article from The Goodland Republic, August 14, 1896

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SHERIFF'S SALE.

[First published July 31.]

IN the district court of the Thirty-Fourth judi-cial district, sitting in and for the county of Sherman in the state of Kansas. William F. Federman, plaintiff, vs. John D. Cullins, Lyde Cullins (husband and wife), M. B. Tomblin, Lucy C. Tomblin (husband and wife), Chicago Lumber company, the Sherman County Bank, Charles F. Weber and Alfred Dawson, receivers of the Sherman County Bank, defendants. By virtue of an order of sale issued to me, out of said district court, in the above entitled action, I will on Tuesday, the 1st day of September, A. D. 1896, at two o'clock p. m. of said day, at the east front door of the court house, in the city of Goodland in the county of Sherman in the state of Kansas, offer at public sale, and sell to the highest and best bidder, for cash in hand, all the following described real estate, to-wit: The northwest quarter (NW¼) of section twenty-eight (28), in township eight (8), south of range thirty-nine (39) west of the Sixth principal meridian, lying and situate in the county of Sherman in the state of Kansas. The above described real estate is taken as the property of said defendant and is directed by said order of sale to be sold, and will be sold without appraisement, to satisfy said order of sale.

HOYT ANDREWS, W. E. DUSTIN, Attorney. Sheriff of Sherman County. Dated at my office in Goodland, Kansas, this 30th day of July, 1896.


Article from The Goodland Republic, December 25, 1896

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[First published December 1.]

Sheriff's Sale

IN the district court of Sherman county, state of Kansas, The People's Building Loan and Saving association, a corporation created and duly incorporated under the laws of the state of New York, plaintiffs vs. Elijah W. Penny and Sarah J. Penny (husband and wife), Henry S. Rulon and Hattie L. Rulon (husband and wife), Charles F. Weber and Alfred Dawson, receivers of The Sherman County Bank of Goodland. Kansas, defendants. By virtue of an order of sale issued to me out of said district court, in the above-entitled action, I will, on Wednesday, the 6th day of January, A. D. 1897, at two o'clock, p. m. of said day at the front door of the court house in the city of Goodland in the county of Sherman in the state of Kansas, offer at public sale and sell to the highest and best bidder, for cash in hand, all the following-described real estate, to-wit: Lots seven (7), eight (8), and nine (9), in block thirty-seven (37) in Beahm's addition to Goodland, Kansas, according to the recorded plat thereof, lying and situate in the county of Sherman in the state of Kansas. The above-described real estate is taken as the property of said defendants, and is directed by said order of sale to be sold, and will be sold without appraisement, to satisfy said order of sale.

HOYT ANDREWS, W. E. DUSTIN, Attorney. Sheriff Sherman County, Kansas.


Article from The Goodland Republic, January 1, 1897

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(First published December 4.]

SHERIFF'S SALE.

IN the district court of Sherman county, state of Kansas, The People's Building Loan and Saving association, a corporation created and duly incorporated under the laws of the state of New York, plaintiffs vs. Elijah W. Penny and Sarah J. Penny (husband and wife), Henry S. Rulon and Hattie L. Bulon (husband and wife), Charles F. Weber and Alfred Dawson, receivers of The Sherman County Bank of Goodland. Kansas. defendants. By virtue of an order of sale issued to me out of said district court, in the above-entitled action, I will, on Wednesday, the 6th day of January, A. D. 1897, at two o'clock, p. m. of said day at the front door of the court house in the city of Goodland in the county of Sherman in the state of Kansas, offer at public sale and sell to the highest and best bidder, for cash in hand, all the following-described real estate, to-wit: Lots seven (7), eight (8), and nine (9), in block thirty-seven (37) in Beahm's addition to Goodland, Kansas, according to the recorded plat thereof, lying and situate in the county of Sherman in the state of Kansas. The above-described real estate is taken as the property of said defendants, and is directed by said order of sale to be sold, and will be sold without appraisement, to satisfy said order of sale.

HOYT ANDREWS, W. E. DUSTIN, Attorney. Sheriff Sherman County, Kansas.


Article from Hopkinsville Kentuckian, January 8, 1897

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CHRONOLOGICAL.

Brief Notes of the More Important Happenings of 1896.

THE YEAR AT HOME AND ABROAD.

Financial and Industrial Interests—Notable Disasters of Various Kinds—Crimes and Lynchings—The Political Arena—Sportsman's Column.

BUSINESS FAILURES.

BANKS GENERALLY — INCLUDING VOLUNTARY SUSPENSIONS.

Jan. 11—Exchange, Greeley Center, Neb. Fifth Avenue savings, Columbus, O. Jan 13—Bank of Ogalalla, Neb. Jan. 14—Banks at Blue Springs and Stratton, Neb. Jan. 15—Bank of Wauneta, Neb City bank, Minneapolis. Jan. 16—Irish-American, Minneapolis. Jan. 17—Farmers' national, Portsmouth, O. Jan. 20—Bank of Commerce, Grand Island, Neb. Feb. 5—At Momence, Ill., bank of Wilton M. Durham Maurice, Ia., State Citizens', Connersville, Ind. Feb. 14—Exchange, Flemingsburg, Ky. Feb. 17—McCague savings, Omaha. Mar. 3—Central Trust and Savings, Chicago. Mar. 6—Bank of Frankfort, Mich Malachi Maynard's, Apple River, Ill. Mar. 9.—Sherman county, Goodland, Kan. Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar. 27—Midway (Ky.) Deposit. Mar. 30—First national, Morris, Minn. Apr. 4—Farmers', Decatur, Ill. Apr. 11—Chadron (Neb.) Banking Co. Apr. 16—First national, and Liberty savings, Bedford City, Pa. Apr. 22—American national, Denver, Col., $865,231. Apr. 24—Grand Forks (N. D.) national. May 1—City savings, Hot Springs, Ark Bank of Fairland, Ill. May 7—Citizens', Union City, Ind. May 14—Sumner national, Wellington, Kan. May 19—Citizens', Edwardsburg, Mich. May 25—National, Jefferson, Tex. May 28—Bank of New England, Manchester, N. H. June 2—Bank of Maroa, Ill. June 3—Farmers' deposit, Creighton, Mo. June 11—John A. Thompson's bank, Edinburg, Ind First national, Larned, Kan. June 16—First national, and Bank of Cheney, Cheney, Wash. June 25—Security savings, Winchester, N. H Hinsdale (N. H.) savings. July 13—People's savings, Lansing, Mich. July 16—First national, Hillsboro, O. July 23—German savings, Omaha. July 27—Farmers' bank, Rock Valley, Ia. July 29—Denison (O.) deposit. Aug. 6—American national, New Orleans Conkling Bros., Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7—Lake county, East Chicago, Ind. Ingham county savings, Lansing, Mich. Aug. 11—Security, Duluth, Minn.; $800,000 Murray Hill, New York; $500,000. Aug. 12—Bank at National City, Col. Aug. 14—State bank, Peru, Ill. Aug. 19—Bank of Argentine, Kan. Aug. 21—Bank of Wymore, Neb. Aug. 24—Church & Son's state bank at Lowell, Mich. Aug. 28—Sioux national, Sioux City, Ia., $900,000. Sept. 1—First national, Beatrice, Neb. Sept. 2—Manufacturers' bank, West Duluth, Minn State Loan & Trust Co. bank, Ogalalla, Neb. Sept. 4—First national, Helena, Mont. Sept. 5—Jackson county, Black River Falls, Wis. Sept. 10—Mutual national, New Orleans. Sept. 11—Bank of Commerce, New Orleans. Sept. 14—Bennett national, New Whatcom, Wash. Sept. 16—Midland state, Omaha, Neb. Sept. 17—Shellsburg (Wis.) bank. Sept. 19—National, Troy, N. Y.; $449,000. Sept. 22—Pawnee (Ill.) bank. Sept. 23—Mapleton (Minn.) bank. Sept. 25—Argonia (Kan.) state bank. Sept. 26—Tribune (Kan.) bank. Oct. 5—First national, Mount Pleasant, Mich. Oct. 7—First national, Ithaca, Mich. Oct. 10—Security Trust Co., Nashua, N. H. Oct. 12—First national, Eddy, N. M. Oct. 14—Marine national, Duluth, Minn Second national, Rockford, Ill Bank of Commerce, Buffalo, N. Y. Oct. 16—Merchant's, Atlanta, Ga Bank of Pukwana, S. D. Oct. 19—Marion (O.) Deposit. Oct. 28—At Big Rapids, Mich., Mecosta savings. Nov. 5—Marine national, Duluth, Minn. Nov. 10—Iowa savings, Sioux City First national, Decorah, Ia. Nov. 14—La Harpe (Ill.) bank. Nov. 19—First national, Sioux City, Ia Sioux City, Ia. Nov. 22—First national, East Saginaw, Mich. Nov. 23—Dakota national, Sioux Falls, S. D. Nov. 24—Davis County Savings association, Gallatin, Mo. Nov. 28—Citizens' bank, Midlothian, Tex. Nov. 30—First national, Tyler, Tex Missouri national, Kansas City; $1,131,000. Dec. 1—German-American, Portage, Wis. Bank of Westport, Mo. Dec. 5—Baxter, of Baxter Springs, Kan. Henry county, at Clinton, Mo. Dec. 10—Harlan (Ia.) state Jonathan Easterly, Columbiana (O.) bankers. Dec. 11—National Bank of Commerce, Duluth, Minn First national, Niagara, N. Y. Dec. 14—First national, Hollidaysburg, Pa Banks at Martinsburg and Williamsburg, Pa. Dec. 21—National bank of Illinois, at Chicago—E. S. Dreyer & Co., Chicago, $1,200,000 Wasmansdorff, Heinemann & Co. Dec. 22—Bank of Minnesota, and Union stockyards bank, at St. Paul. Dec. 23—Bank of West Superior, Wis American Banking & Trust Co., Auburn, Me. Dec. 24—Calumet state bank, Blue Island, Ill. Dec. 26—Security Mortgage & Trust Co., Dallas, Tex.; $2,000,000—Atlas national, Chicago. Dec. 28—Bank of Superior, Wis Scandia, at Minneapolis McCoy Banking Co., Independence, Mo.

LARGER COMMERCIAL CONCERNS, INVOLVING LIABILITIES OF $500,000 OR OVER.

Jan. 3—At Philadelphia, Solicitors' Loan & Trust Co. Jan. 10—At Philadelphia, Keene, Sutterlee & Co., exporters and importers, $4,000,000. Jan. 14—At Minneapolis, American Savings and Loan association. Jan. 23—William Foster, Jr., mining and manufacturing (office in New York), $500,000. Jan. 29—At Louisville, Belle of Nelson distillery, $709,242. Feb. 6—At New York, R. & H. Adams, cotton goods manufacturers; $500,000. Feb. 10—At Columbus, O., Northern Fire association, $900,000. Feb. 20—Baltimore & Ohio Railroad Co. Mar. 9—At Holyoke, Mass., Albion Paper Co.; $500,000. Mar. 14—At St. Paul, Patrick H. Kelly, wholesale merchant; $1,000,000. Mar. 16—At New Haven, Conn., Peck Bros. & Co., manufacturers of plumbers' and steam fitters' materials; $650,000. Apr. 22—At Cincinnati, Smith & Nixon, piano dealers; $800,000. Apr. 23—At Little Rock, Ark., James E. Joyce & Co.; $525,000. May 1—At Detroit, J. L. Hudson & Co., clothiers; $500,000. May 5—At New York, American Trading society; $526,000. May 9—At Akron, O., Ferdinand Schumacher, president American Cereal Co.; $1,500,000. May 30—At St. Louis, United Elevator Co.; $2,000,000. June 4—At San Jose, Cal., Jacob Rich, and First St. railroad; $600,000. July 23—At Wyandotte, Mich., James T. Hurst, lumberman; $500,000. Aug. 1—Columbus (O.) Buggy Co.; $500,000 At Bay City, Mich., Samuel G. M. Gates, lumberman; $644,000. Aug. 3—At Chicago, Moore Bros., dealers in Diamond Match and New York Biscuit stocks; $20,000,000. Aug. 4—At Chicago, George W. Hankins;


Article from The Goodland Republic, January 29, 1897

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[First published December 25.] Publication Notice.

IN the district court within and for the county of Sherman and state of Kansas. B. F. Brown, receiver of the Goodland Building and Loan association, plaintiff, vs. W. L. McCurdy, M. B. Tomblin, Lucy C. Tomblin, Eva L. Kellogg. The Sherman County bank and Charles F. Weber and Alfred Dawson, receivers of the Sherman County bank, defendants. To W. L. McCurdy, M. B. Tomblin, Lucy C. Tomblin, Eva L. Kellogg, The Sherman County bank and Charles F. Weber and Alfred Dawson, receivers of the Sherman County bank, you and each of you will take notice that B. F. Brown, receiver of the Goodland Building and Loan association, plaintiff, has heretofore filed his petition in the district court within and for the county of Sherman and state of Kansas, against W. L. McCurdy, M. B. Tomblin, Lucy C. Tomblin, Eva L. Kellogg, The Sherman County bank and Charles F. Weber and Alfred Dawson receivers of the Sherman County bank as defendants, and that you and each of you must answer said petition on or before the 10th day of February, 1897, or said petition will be taken as true, and a judgment rendered accordingly against said defendant W. L. McCurdy for the sum of eight hundred fifteen and 50-100 dollars [$815.50] with interest thereon at the rate of 12 per cent per annum from the 25th day of February, 1894, and for the costs of suit; and a further judgment against each and all the above named defendants for the foreclosure of a certain mortgage, given by said defendant W. L. McCurdy to the Goodland Building and Loan association to secure the payment of $1,000.00 and interest dated July 30, 1892, and recorded in the office of the register of deeds of Sherman county, in book 12 of mortgages, page 635, upon the following described real estate, to-wit: Lots eleven [11] and twelve [12] in block sixty-seven [67] in the original town of Goodland lying and situate in the county of Sherman, in the state of Kansas, and adjudging that said plaintiff have the first lien on said premises, to the amount for which judgment will be taken as aforesaid, and ordering said premises to be sold without appraisement, and the proceeds applied to the payment of the amount due plaintiff and costs of suit, and forever barring and foreclosing said defendants, and each of them, of and from all right, title, estate, interest, property and equity of redemption, in or to said premises, or any part thereof.

E. F. MURPHY, Attorney for Plaintiff. Attest: L. H. HANEY Clerk of District Court.


Article from The Goodland Republic, December 24, 1897

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[First published December 3.] Notice for Final Discharge.

IN the district court in and for Sherman county, Kansas. The State of Kansas, ex rel Attorney General F. B. Dawes, plaintiff, vs. The Sherman County bank of Goodland, Kansas, defendant. Notice is hereby given that I will on the 4th day of April, A. D. 1898, that being the first day of the regular April term of the district court in Sherman county, Kansas, or as soon thereafter as the same can be heard, I will file my petition in the above named court making a full report of all transactions by me, as such receiver of the Sherman County bank of Goodland, Kansas, together with an application to said court to be discharged from my trust as receiver in the above entitled cause.

CHARLES F. WEBER, Receiver.


Article from The Goodland Republic, January 28, 1898

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[First published December 3.] Notice to Final Discharge.

IN the district court in and for Sherman county, Kansas. The State of Kansas, ex rel. Attorney General F. B. Dawes, plaintiff, vs. The Sherman County bank of Goodland, Kansas, defendant. Notice is hereby given that I will on the 4th day of April, A. D. 1898, that being the first day of the regular April term of the district court in Sherman county, Kansas, or as soon thereafter as the same can be heard, I will file my petition in the above named court making a full report of all transactions by me, as such receiver of the Sherman County bank of Goodland, Kansas, together with an application to said court to be discharged from my trust as receiver in the above entitled cause.

CHARLES F. WEBER, Receiver.


Article from The Goodland Republic, February 25, 1898

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[First published December 3.]

Notice for Final Discharge.

IN the district court in and for Sherman county, Kansas. The State of Kansas, ex rel. Attorney General F. B. Dawes, plaintiff, vs. The Sherman County bank of Goodland, Kansas, defendant. Notice is hereby given that I will on the 4th day of April, A. D. 1898, that being the first day of the regular April term of the district court in Sherman county, Kansas, or as soon thereafter as the same can be heard, I will file my petition in the above named court making a full report of all transactions by me, as such receiver of the Sherman County bank of Goodland, Kansas, together with an application to said court to be discharged from my trust as receiver in the above entitled cause, CHARLES F. WEBER. Receiver.


Article from The Goodland Republic, March 11, 1898

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[First published December 3

] Notice for Final Discharge. IN the district court in and for Sherman county, Kansas. The State of Kansas. ex rei. Attorney General F. B. Dawes, plaintiff, vs. The Sherman County bank of Goodland, Kansas, defendant. Notice is hereby given that I will on the 4th day of April, A. D. 1898, that being the first day of the regular April term of the district court in Sherman county, Kansas, or as soon thereafter as the same can be heard, I will file my petition in the above named court making a full report of all transactions by me, as such receiver of the Sherman County bank of Goodland, Kansas, together with an application to said court to be discharged from my trust as receiver in the above entitled cause. CHARLES F. WEBER, Receiver.