Land Credit Trust Company (Wichita, KS)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
August 4, 1909
Location
Wichita, Kansas (37.692, -97.338)
Bank Type
trust

Metadata

Notes

A court-appointed receiver was handling the company's assets and paid funds into court, indicating the company was in receivership/closed.

Events (1)

1. August 4, 1909 Receivership
Newspaper Excerpt
Charles Smyth, receiver of the Land Credit Trust company ... paid into the district court today $101,000, which is to be divided among the bondholders
Source
newspapers

Newspaper Articles (3)

Article from The Topeka State Journal, August 4, 1909

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Article Text

BOND HOLDERS GET $101,000. Receiver Paid This Sum Into Court for Winne Creditors. Wichita, Kan., Aug. 4.-Charles Smyth, receiver of the Land Credit Trust company of which Scott E. Winne was president, paid into the district court today $101,000, which is to be divided among the bondholders of the Winne Mortgage company. The directors of the Land Credit Trust company were sued by the bondholders of the mortgage company and the $101,000 is in settlement of the claim and the suit.


Article from The Chanute Times, August 13, 1909

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Article Text

BONDHOLDERS GET $101,000. Receiver Paid This Sum Into Court for Winne Creditors. Wichita.-Charles Smyth, receiver of the Land Credit Trust company, of which Scott E. Winne was president, paid into the district court $101,000, which is to be divided among the bondholders of the Winne Mortgage company. The directors of the Land Credit Trust company were sued by the bondholders of the mortgage company and the $101,000 is in settlement of the claim and the suit.


Article from The Hays Free Press, August 14, 1909

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Article Text

BONDHOLDERS GET $101,000.

Receiver Paid This sum Into Court for Winne Creditors.

Wichita.-Charles Smyth, receiver of the Land Credit Trust company, of which Scott E. Winne was president, paid into the district court $101,000, which is to be divided among the bondholders of the Winne Mortgage company.

The directors of the Land Credit Trust company were sued by the bondholders of the mortgage company and the $101,000 is in settlement of the claim and the suit.