Hutchinson National Bank (Hutchinson, KS)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
July 19, 1893
Location
Hutchinson, Kansas (38.061, -97.930)
Bank Type
national
Charter Number
3199

Metadata

Receivership Details

Depositor recovery rate
26.8%
Date receivership started
1893-11-06
Date receivership terminated
1914-03-31
OCC cause of failure
Losses
Share of assets assessed as good
26.9%
Share of assets assessed as doubtful
39.5%
Share of assets assessed as worthless
33.6%

Notes

Used contemporaneous reports; known government receivership date (1893-11-06) applies.

Events (6)

1. May 29, 1884 Chartered
Source
historical_nic
2. July 19, 1893 Suspension
Cause
Macro News
Cause Details
Financial stringency and inability to secure currency to meet demands during the wider 1893 panic.
Newspaper Excerpt
HUTCHINSON, Kan., July 19.-Owing to financial stringency making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors this morning, but posted a notice of suspension of payment.
Source
newspapers
3. August 8, 1893 Reopening
Newspaper Excerpt
HUTCHINSON, Kan., Aug. 8.-The National Bank of Hutchinson reopened its doors yesterday after two weeks' suspension. The bank stopped payment because of inability to meet unexpected demands.
Source
newspapers
4. October 18, 1893 Suspension
Cause
Macro News
Cause Details
Suspension during the ongoing panic; officials asserted solvency but could not meet demands.
Newspaper Excerpt
HUTCHINSON, Kan., Oct. 18.-The Hutchinson National bank suspended this morning. The officials claim that the bank is perfectly solvent and every one will be paid in full.
Source
newspapers
5. November 6, 1893 Receivership
Newspaper Excerpt
Known receivership date (government records).
Source
newspapers
6. November 6, 1893 Receivership
Source
historical_nic

Newspaper Articles (24)

Article from The Indianapolis Journal, July 20, 1893

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Hatchinson National Goes Up. HUTCHINSON, Kan., July 19.-Owing to financial stringency making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors this morning, but posted a notice of suspension of payment. Assets. $251,000; liabilities, $131,000. It is the first bank failure in the history of the city.


Article from The Providence News, July 20, 1893

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Hutchinson, Kas., Bank Fails. HUTCHINSON, Kan., July 20.-Owing to financial stringency making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors yesterday, but posted notice of suspension of payment. Assets, $251,000; liabilities, $131,000. The bank was in good condition and under ordinary pressure would not have experienced any difficulty.


Article from Rock Island Daily Argus, July 20, 1893

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Bank Closed in Hutchinson. HUTCHINSON, Kas., July 20.-The Hutchinson National bank did not open its doors, but posted a notice of suspension. The assets are $251,000 and liabilities $131,000. The bank is in good condition and under ordinary pressure would not have experienced any difficulty,


Article from The Evening World, July 25, 1893

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TWO BANKS TO RESUME. Cashier Iomas of a Defunct Bank in Texas Commits Suicide. WASHINGTON, July 25.-The Comptroller of the Currency is advised that the Hutchinson National Bank, of Hutchinson, Kan., which failed some time ago, is preparing to resume business. Mr. Eckels received a despatch this morning stating that Cashier Lomax. of the First National Bank of Vernon, Tex., which failed on Saturday. committed suicide by shooting himself this morning. The First National Bank of Cisco, Tex. which suspended payment on the 3d instant, having complied with the conditions imposed by the Comptroller of the Currency, has been permitted to reopen its doors for business.


Article from The Sun, July 26, 1893

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Other Bank Troubles. MEDFORD. Wis., July 25.-The Taylor County Bank. owned by Hartman and Matt. assigned yesterday for the benefit of creditors to F. L. Urquhart. The bank was the depository for county and city funds. Assets are given at sconded. $16,000. Herman Matt. the cashier. has abCONNORSVILLE, Ind., July 25.-The liabilities of the Citizens' Bank. which failed yesterday. are about $150,000. Mr. Huston's total assets will reach near $500.000. He holds more than enough collateral to liquidate the total indebtedness of the bank as soon as it can be realized upon. WASHINGTON, July 25.-Examiner Ford has been directed to assume charge of the failed Louisville City National Bank of Louisville, Examiner Escott of the failed Kentucky National Bank of Louisville, Examiner Young of the failed Indianapolis National Bank of Indianapolis. Examiner McDonald of the failed First National Bank of Orlanda. Fla., and Examiner Wilson of the failed Merchants' National Bank of Great Falls. Mon. The Comptroller of the Currency is advised that the Hutchinson National Bank of Hutchinson. Kan., which failed some time ago, is preparing to resume business. The First National Bank of Cisco. Tex., which suspended payment on the third instant. having complied with the conditions imposed by the Comptroller of the Currency. has been permitted to reopen its doors for business. The abstract of the condition of the national banks in Chicago. Ill., on July 12 last. shows the reserve to have been 30.6 per cent. The total lonns and discounts were $81,853,000: individual deposits. $66,000,000; surplus fund. $11,522,000, and gold and gold certificates. $12,500,000. The reserve for Detroit was 24.80, and for Minneapolis, 27.21 per cent.


Article from The Goodland Republic, July 28, 1893

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Comptroller Eckels Lenient. HUTCHINSON, Kan., July 22.-The comptroller authorizes the officers of the Hutchinson National, which suspended here, to open and collect notes due. The run on the other banks failed to materialize, and more money was received on deposit than was paid out.


Article from The Star, August 2, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. MORE BANKS ARE REOPENING.-The comptroller of the currency is advised that the Hutchinson national bank of Hutchinson, Kan., which failed sometime ago, is preparing to resume business. The First National Bank of Cisco, Tex., which suspended, has been permitted to reopen its doors. Business men of Pueblo, Col., declared their faith in Colorado's business stability and denounced the intemperate language of the rabid silverites. Parkhust & Wilkinson, iron merchants, Chicago, assigned. Assets estimated at $1,000,000. Ripley & Bronson, :iron merchants. St. Louis, assigned. assets $150,000; liabilities about the same. The suspended Queen City Ban's, Buffalo, N.Y., will resume business the first week of August with a capital reduced to $300,000. At Findlay, O., the Farmers National Bank closed its doors. Depositors will be paid in full. The J. Oberman Brewing Company, Milwaukee, assigned. The bank panic at Milwaukee is over. Financial disturbances at Louisville, Ky., are over. In the banks every depositor who wanted his money got it. Some of the suspended banks, it is said, will soon resume. At Lacrosse, Wis., the private bank of John Dienlokken has closed its doors. At Portage, Wis., the German Exchange Bank has failed, At Helena, Mont., the First National bank and the Montana National bank suspended. Both has ample assets and will pay in full. At Middlesborough, Ky., the First National Bank has closed its doors. At Portland, Ore., the Oregon National Bank and the Northwest Loan and Trust Company suspended. At Spokane, Wash., the First National Bank, paid up capital $200,000, and the Spokane Savings Bank, its dependent. tem. porarily suspended. At Portage, Wis., the City Bank closed its doors. At Mt. Sterling, Ky., the Farmers' bank closed its doors.


Article from The Middleburgh Post, August 3, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. MORE BANKS ARE REOPENING.-The comptroller of the currency is advised that the Hutchinson national bank of Hutchinson, Kan., which failed sometime ago. is pre paring to resume business. The First National Bank of Cisco. Tex., which suspended, has been permitted to reopen its doors. Business men of Pueblo, Col., declared their faith in Colorado's business stability and denounced the intemperate languageof the rabid silverites. Parkhust & Wilkinson. iron merchants, Chicago. assigned. Assets estimated at $1,000,000. Ripley & Bronson, :iron merchants, St. Louis, assigned. assets $150,000; liabilities about the same. The suspended Queen City Bank. Buffalo, N.Y., will resume business the first week of August with a capital reduced to $300,000. At Findlay, O., the Farmers National Bank closed its doors. Depositors will be paid in full. The J. Oberman Brewing Company, Milwaukee, assigned. The bank panic at Milwaukee is over. Financial disturbances at Louisville, Ky., are over. In the banks every depositor who wanted his money got it. Some of the suspended banks, it is said, will soon resume. At Lacrosse, Wis., the private bank of John Dienlokken has closed its doors. At Portage, Wis., the German Exchange Bank has failed, At Helena. Mont, the First National bank and the Montana National bank suspended. Both has ample assets and will pay in full. At Middlesborough, Ky., the First National Bank has closed its doors. At Portland, Ore., the Oregon National Bank and the Northwest Loan and Trust Company suspended. At S okane, Wash., the First National Bank. paid up carital $200,000, and the Spokane Savings Bank, its dependent. ten porarily suspended. At Portage, Wis., the City Bank closed its doors. At Mt. Sterling, Ky., the Farmers' bank closed its doors.


Article from The Sun, August 9, 1893

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A Kansas Bank Resumes. HUTCHINSON. Kan.. Aug. 8-The National Bank of Hutchinson reopened its doors yesterday after two weeks' suspension. The bank stopped payment because of inability to meet unexpected demands.


Article from Grant County Herald, August 10, 1893

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Kansas National Bank Resumes. HUTCHINSON, Kan., Aug. 8.-The suspended Hutchinson national bank resumed Monday morning. Excess of deposits over disbursements Monday was $20,000.


Article from The Irish Standard, August 12, 1893

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Kansas National Bank Resumes. HUTCHINSON, Kan., Aug. 8.-The suspended Hutchinson national bank resumed Monday morning. Excess of deposits over disbursements Monday was $20,000.


Article from The Seattle Post-Intelligencer, October 19, 1893

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A Kansas Bank Suspends. HUTCHINSON, Kan., Oct. 18.- - The Hutchinson National bank suspended this morning. The officials claim that the bank is perfectly solvent and every one will be paid in full. No statement of liabilities or assets is obtainable.


Article from The Anaconda Standard, October 19, 1893

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A Hatchinson Bank Falls. HUTCHINSON, Kas., Oct. 18.-The Hutche inson National bank suspended this morning. The officials claim that the bank is perfectly solvent and every one will be paid in full. There is no state ment of liabilities or assets as yet


Article from The Salt Lake Herald, October 19, 1893

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Another Bank Fails. Hutchinson, Kas., Oct, 18.-The Hutchinson National bank suspended this morning. Officials claim the bank is perfectly solvent and every one will be paid in full. No statement of liabilities or assets as yet.


Article from Baxter Springs News, October 21, 1893

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National Bank at Hutchinson Closed. WASHING TON, Oct. 19.-Report was received at the comptroller's office that the National bank of Hutchinson, Kan., had closed its doors. The announcement occasioned much surprise and the comptroller of the currency was utterly at a loss how to account for it. The bank went under during the recent panic, but made such a good showing that it was permitted to resume business August 7.


Article from Pine Bluff Daily Graphic, October 21, 1893

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Kunsas Bank Suspension. HUTCHINSON, Kan., Oct. 21.-The Hutchinson National bank has suspended. Every one will be paid in full.


Article from The Providence News, March 13, 1894

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Bank Officials Arrested. HUTCHINSON, Kan, March 13.-A. J. Tuck, Charles Menke and John Chapman, officers of the defunct Hutchinson National bank, were arrested on an indictment charging false entries and alterations in the books of their bank, which is now in charge of a receiver. They gave bonda


Article from Arizona Weekly Citizen, September 29, 1894

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Died ofan Operation for Peritonitas HUTCHINSON, Ks., Sept. 26.-Chas. D. Martin, receiver of the Hutchinson National bank and son of Senator John Martin, died this morning after an operation for peritonitas.


Article from Abilene Weekly Reflector, October 4, 1894

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Hutchinson Bank Receiver. WASHINGTON, Oct. 3.-The comptroller of the currency has wired George T. Pitts, of Wellington, Kan., the offer of the position of receiver of the Hutchinson national bank, b ut so far has not been able to hear from him. It is believed at the department that he will accept the place, as he has been an active applicant for a position of this kind for over a year.


Article from The Topeka State Journal, October 10, 1894

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To Succeed Charles Martin. WASHINGTON, Oct. 10.-Franklin P. Hettinger has been appointed receiver of the Hutchinson National bank of Hutchinson, Kan., vice Martin, deceased.


Article from The Guthrie Daily Leader, October 12, 1894

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New Hutchinion Bank Receiver. WASHINGTON, Oct. 11.-Comptroller Eckels to-day appointed Franklin P. Hattinger of Hutchinson, Kan., to be receiver of the Hutchinson National bank. The place is worth $3,000 a year.


Article from Barbour County Index, October 17, 1894

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New Hutchinson Bank Receiver. WASHINGTON, Oct. 11.-Comptroller Eckels to-day appointed Franklin P. Hattinger of Hutchinson, Kan., to be receiver of the Hutchinson National bank. The place is worth $2,000 a year.


Article from Eagle River Review, October 18, 1894

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Receiver for a Kansas Bank. Washington, D. C., Oct. 10.-Franklin P. Hettinger has been appointed receiver of the Hutchinson National bank of Hutchinson, Kas., vice Martin, deceased.


Article from Baxter Springs News, October 20, 1894

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New Hatchinson Bank Receiver. WASHINGTON, Oct. 11.-Comptroller Eckels to-day appointed Franklin P. Hattinger of Hutchinson, Kan., to be receiver of the Hutchinson National bank. The place is worth $3,000 a year.