Kansas City National Bank (Kansas City, MO)

View Charter #3489 on SPMC View balance sheet

Episode Information

Episode UID
348901143
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
34890 national
Charter Number
3489
Start Date
March 16, 1895
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2359c18bece1b436

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension, Books examined

Clearinghouse involved: Yes (loan, examination, or other measures)

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1895-03-18
Date receivership terminated
1908-07-01
OCC cause of failure
Losses
Share of assets assessed as good
20.8%
Share of assets assessed as doubtful
50.0%
Share of assets assessed as worthless
29.2%

Description

Bank suspended and placed in liquidation with a temporary receiver appointed; deposits to be paid in full per notices.

Events (5)
1. April 13, 1886 Chartered
Source
historical_nic
2. March 16, 1895 Run
Cause
Bank Specific Adverse Info
Cause Details
Unfavorable published statement of the bank's affairs (March 5) prompted steady withdrawals culminating in heavy outflows on Saturday prior to suspension.
Measures
Clearing-house assistance was discussed; bank declined outside assistance and chose to suspend and liquidate so all depositors would be treated equally.
Newspaper Excerpt
Depositors on Saturday drew out over $60,000
Source
newspapers
3. March 18, 1895 Receivership
Source
historical_nic
4. March 18, 1895 Receivership
Newspaper Excerpt
The Comptroller of the Currency appointed Bank Examiner G. W. Galbreath temporary receiver.
Source
newspapers
5. March 18, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Continued withdrawals after the unfavorable March 5 statement left the bank unable to continue payments, leading directors to discontinue business and suspend operations.
Newspaper Excerpt
The National Bank of Kansas City failed to open its doors this morning. Notices posted: The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full.
Source
newspapers

Newspaper Articles (21)
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
Article from The Record-Union, March 19, 1895

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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 New-York Tribune New York, NY
Article from New-York Tribune, March 19, 1895

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FORCED TO CLOSE ITS DOORS. . WITHDRAWALS OF DEPOSITS CAUSE THE SUS. PENSION OF THE NATIONAL BANK OF KANSAS CITY Kansas City, Mo., March 18. -The National Bank of Kansas City failed to open its doors this morning. No detailed financial statement has been given out but the assets are said to be $1,800,000. with liabilities of $1,050,000. The officers of the bank are A. S. Chick, president, and J. Q Watkins, jr. cashier. It is not believed that any other bank will be affected by the failure. The bank did a heavy collecting business throughout Missourl. Kansas, Arkansas and Indian Territory. The failure was unexpected and the news of the suspension created 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 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. Although the capital was reduced and the stockholders 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 3. deposits were $990,559.39 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 J. H. CHICK President. be paid in full. A second notice read: This bank is in the hands of G. W. Galbraith, Controller of the Currency President J. H. 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 very unfavorable. Depositors on Saturday drew out over $60,000. and the officers saw that If the run continued they would have to close. Washington, March 18. The Acting Controller of the Currency, Mr. Tucker, has appointed Bank Examiner Galbraith temporary receiver of the National Bank of Kansas City, Mo., which closed its doors to business this morning. Aside from the official information that the bank had suspended, the telegram announcing that fact contained no news of the bank's present condition. The bank had a capital of $1,000,000. and until a few days ago, when a run was begun on it. was thought in official circles here to be solvent. This is the largest bank failure that has occurred since the panic of 1893, when so many National banks in all parts of the country suspended.

7. March 19, 1895 Birmingham Age-Herald Birmingham, AL
Article from Birmingham Age-Herald, March 19, 1895

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AN OLD INSTITUTION GOES INTO LIQUIDATION FOR THE BENEFIT OF ITS CREDITORS. KANSAS CITY, Mo,, March 18.-The Na. tional 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 sus pension created quite a sensation in financial circles. The bank is the oldest financial institu. tion in the city, having been established by Mesers. J. H. and W. H. 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. Although the capital was reduced and the stockholders 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 attributable to that suspension. According to the statement of the bank March 5 deposits were $990,559. The following notice was posted on the bink door: "To Depositors: The directors and stockholders of this bank have decided to discontinue business. All deposits will be J. S. CHICK, paid in full. "President." A second notice read: This bank is in the hands of G. W. Gailbraith, 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 very 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 payments today.

8. March 19, 1895 The Scranton Tribune Scranton, PA
Article from The Scranton Tribune, March 19, 1895

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BIG BANK FAILURE. The National Bank of Kansas City Closes Its Doors-Depositors Will Be Secured. Kansas City, Mo., March 18.-The National bank of Kansas City closed its doors this morning and the comptroller of the currency appointed Bank Examiner Galbraith temporary receiver. 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 before the war. Until the panic in 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 stockholders paid in 50 per cent. assessment in the re-organization, 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. deposits were $990,559. President Chick says that the suspension is merely a liquidation and that not a depositor will lose a cent. This is the largest bank failure that has occurred since the panic of 1893, when SO many national banks in all parts of the country suspended.

9. 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.

10. March 19, 1895 The Norfolk Virginian Norfolk, VA
Article from The Norfolk Virginian, March 19, 1895

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enough votes to insure tion to-morrow. ATLANTA, Mapima, Ga, Mex., March to 18.-A special the Constitu- negroes from The colony of 1,000 rapidly tion, says: established here negroes is are going leaving recently to for pieces. their old The homes in Georgia and Alabama 10 N. squads. Y., March 18.-Su- Gaylor BROOKLYN, Court Justice William J. Strike preine before the Assembly 12:30 appeared Investigating Committee at o'clock day. to S. C., 18.-This afternoon prac COLUMBIA, team played its first the Boston at the new park here Boston, against tice game with Ganzel, of bar. a local team, and Tenny behind last the half of ou first, was called at the of darkness. The game inning on account of Bosthe seventh Score, 11 to 7 in favor ton. CITY, Mo., 18.-The this National mornKANSAS of Kansas City failed bank is capital stock of the iug. No detailed has of the bank $1,000,000. Bank condition The statement unexpected been of the out. The failure was created given and the news of the in financial suspension circles. Treasurer quite ELLSWORTH, a sensation Dick, Kus., of Ellsworth 18.-Ex court county, County toin Judge Osmond's not guilty day and of embezzling appeared withdrew his plea of $35,000 of the to county funds. in He the was penitentiary. to the charge four years sentenced Christi serve 18. -Queen Regent late this MADRID. received General Campos, all was and He reported that quiet in the officers city would not seek further atternoon. that the and newspapers. be was contident revange SAVANNAH, upon Ga., the from 18. Savanuah -The steamship to-morwill Liberia, row men, who Horsa for emigrants, Monrovia, sail women with and 200 are The emigrants of from the mostly negro children. Tenn., and neighborhood Birmingham, for Mem- Ala., the been waiting enthusiastic They are which have phis. ship. the all here very Africa, teu days all they the ou declare the subject to be of the true of home of of Ham. 18.-The extraordinary NEW dismissed jury brought BODS grand YORK, conspiracy d-day Denuett, against the charges of and Arthur of Agents Parkhurst Whitney Society. Similar by Detective charges against Sergeant Charles Jacob. L165 and Samuel Colien were also ORLEANS. dismissed. La., 18-A negro to-day, shot NEW named Pattingim the killing two brothers one and fatally wounding other. Ala., 1s.-The Cincinuati team MOBILE, defeated the Montgomery interestRed's Southern League in all by a of ing of the game here this afternoon score 8 to 5. Ga. 18.-The Georgia Cotton ATLANTA., Growers Association Mr. W. A. was Brough organ. ized tou was here elected day. president and J. Lindsay Johnson, FRANCISCO. secretary. is-The steamer of SAN from Pannina, bringstdetails insurrection. Saturu, recent Salvadorean conspiracy the 1st of February a Anto On the discovered to proclaim soon Gen. as the was President. As Gutieres facts nio Azeta came as to light President ordered the leaders 18.-Tommy shot. White, of CHICAGO, fought George Siddous, Club, of Chicago, York, before the Triangle was in New to-night. The decision night here, White. Next Monday of Philadelphia, before favor of the same will club meet Owen Griffo Zeigler, 10 all eight-round 18. go. The European edition by its of PARIS, Herald 19 informed to day accordthe correspondent that, Ad Sbangbai the Chinese newspapers, at Wet ing to did not kill himself miral Hai-Wei, Ting but was smuggled away in safety. CONSTANTINOPLE, 18. The Porte and has it to provide an escort rep. consented interpreter for the foreign com special with the Armenian has sent in structions resentatives mission of to inquiry, this effect and to the local offierals. Pa., 18.-The observed Hiber PHILADELPHIA, of Philadelphia, paint of nian birthday Society, of the patron 124th annual the Ireland by holding its The principal dinner of this the evening evening. was Secretary of guest the Navy. Hilary Ga., A. 18. Herbert. A gin house, tons ATLANTA, 250 bales of cotton, of 400 cotton three cotton-seed gins, and B car load afternoon on of were burned this in Ogel thorpe bagging Smith's plantation $25,000, Big Jim" county. The loss is partially insured. of Appeals. court Va., March 18.-The 111 fol. the RICHMOND, the proceedings here to lowing Supreme were Court of Appeals day: Ellis. Further argued gub. by S. Young A. Anderson vs. for appellant and

11. March 19, 1895 The Times Richmond, VA
Article from The Times, March 19, 1895

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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.

12. 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.

13. 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.

14. March 19, 1895 The Herald Los Angeles, CA
Article from The Herald, March 19, 1895

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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.

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 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

19. March 30, 1895 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, March 30, 1895

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'he News Condensed. mportant Intelligence From All Parts. DOMESTIC. MATTIE FREEEAN. the 17-year-old ontract" wife of Philander Freeman, years old, shot herself dead at ringfield, Mo. WINDOW glass manufacturers of the nited States will meet at Pittsburgh d form a trust. A SHORTAGE of $700,000 was reported the United States mint at Carson 'A' Gov. SHELDON announced that for e period of one year the importation Texas cattle into South Dakota buld be forbidden. BECAUSE of an error of an enrolling erk of the Indiana senate Gov. Matews signed a bill which had not been ssed. NEWS reached Key West, Fla., that e American schooner Irene was fired to and dismasted by the Spanish uiser Infanta Isabel. THE National bank of Kansas City spended with liabilities of $1,050,000 d assets of $1,880,000. MRS. M. E. HOLTON, living alone on ranch near Butte, Neb., was outged and then lynched. Cattle rustrs were suspected of committing the ime. A NEGRO shot two brothers named ttingim at New Orleans, killing one d fatally wounding the other. MEMBERS of Nat Sebastian's pedesian theatrical company left St. Louis r their long tramp across the couny to New York city. Sebastian bets ,000 that the company can travel to ew York by foot in 108 days, without tel accommodations, and earn $2,500 route. FINAL papers consolidating the enre coal interests of all Ohio operators d carriers were signed at Columbus. H. A. McCoMBER shot and killed eorge Farmer at Rock Creek, Tex., d then killed himself. The trouble curred over a debt of $100 Farmer Medomber.ru ั€ัะป THE steamship Horsa with 200 coled emigrants for Liberia sailed from vannah, Ga. A COMBINATION of all the window ass interests of the country under e name of the National Association Window Glass Manufacturers was rmed at Pittsburgh with a capital of '000'000's RECEIVERS were appointed at St. al for the Walter A. Wood Harvestcompany. 8 CONFIRMATION was received of the rerted sinking of the AmericanschoonIrene by the Spanish warship InfanIsabella. THE safe in the postoffice at Camden, a., was blown and robbed of between ,500 and $4,000. BEN and Allen Pringle and James itton had a hostile meeting near Kenunee, Miss. The brothers were lled and Britton fatally wounded. ONE suicide a day during the present ar, seventy-eight in all, is the record - Chicago, DANIEL DAWSON, Robert Holmanand mes Holman, negroes suspected of -burning, were lynched by a mob Tyler, Ala. CHRISTIAN science healers at Day0, O., were arrested charged with ving caused the death of a child by glect. INDICTMENTS were returned against a police officials of New York city d they were under heavy bonds. A STATEMENT prepared by the comssioner of internal revenue shows vernment receipts during the eight onths of the present fiscal year of THE Pioneer lumber mills, Baldwin rigerator works and Vermont Rollerade company shops were burned at rlington, Vt., the loss being $300,000. THE explosion of a sawmill boiler ar Eight-Mile Creek, Tex., killed six rsons and maimed as many more. ALFRED D. TINSLEY, rejected by the ate, was again appointed postmasat Sioux Falls, S. D. ABINET officials believe that the ited States should protect Venela from oppression by foreign intries. OHN GARGUS and his wife, of Buffalo and. Ark., were killed while asleep robbers, their baby lying between m being uninjured. T wasreported that Secretary Greshthe recall of L. A.

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. July 6, 1895 The Madisonian Virginia City, MT
Article from The Madisonian, July 6, 1895

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FINANCE AND TRADE. All the St. Louis car works are hard at work filling orders. Receiver McNulta has filed a petition for an order of sale of the whisky trust properties. A movement is on foot to close down Kentucky distilleries for one year to reduce stocks. A 25 per cent dividend has been sent to creditors of the failed Kansas City National bank. Consul General Smythe says United States trade with Hayti has nearly doubled in the past year. Missouri river rates have been restored to tariff except on business covered by outstanding contracts. LADOR NEWS. St. Louis union barbers have invoked