No contemporaneous report of a depositor run; suspension led to appointment of a receiver.
Events (4)
1.June 29, 1886Chartered
Source
historical_nic
+7.9 years
2.May 7, 1894Suspension
Cause
Bank Specific Adverse Info
Cause Details
Sudden suspension of the institution; liabilities not yet made public and officers made no statement.
Newspaper Excerpt
Bank Failure at Wichita. Wichita, Ks., May 7.-The State National bank suspended this morning.
Source
newspapers
+53 days
3.June 29, 1894Receivership
Newspaper Excerpt
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas... Cyrus A. Leland, receiver.
Source
newspapers
same day
4.June 29, 1894Receivership
Source
historical_nic
Newspaper Articles (23)
1.May 7, 1894Santa Fe Daily New MexicanSanta Fe., Santa Fe, NM
Click image to open full size in new tab
Article Text
Bank Failure at Wichita
Wichita, Ks., May 7.-The State National bank suspended this morning. No statement has been made yet. A large number of depositors are left in bad financial condition. The capital was $100,000 with a surplus of $100,000. No run on other banks.
2.May 7, 1894Deseret Evening NewsSalt Lake City, UT
Click image to open full size in new tab
Article Text
A Strong Bank Falls
WICHITA, Ks., May 7.-The State National bank, considered one of the strongest in the West, has suspended. L. D. Skinner was president and Lombards were interested. Large depositors are left in a bad financial condition.
WICHITA, Kan., May 8.-The State National bank suspended suddenly. This institution was considered one of the strongest in this section. The bank officers have not yet made any statement.
4.May 8, 1894Evening JournalWilmington, DE
Click image to open full size in new tab
Article Text
Kansas Bank Suspends
WICHITA, Kan., May 8.-The State National bank suspended suddenly. This institution was considered one of the strongest in this section. The bank officers have not yet made any statement.
5.May 8, 1894Richmond DispatchRichmond, VA
Click image to open full size in new tab
Article Text
Kansas Bank Collapse
WICHITA, KAN., May 7.-The State National Bank, of this city, suspended to-day. Liabilities not yet made public. The suspension caused much excitement, as the bank was thought to be one of the soundest in the State.
6.May 8, 1894Evening StarWashington, DC
Click image to open full size in new tab
Article Text
Considered One of the Strongest
"Suspended" was the sign on the State National Bank door at Wichita, Kan., yesterday, causing much excitement throughout the city. The institution was considered one of the strongest in the west. L. D. Skinner was president, and the Lombards were interested in it.
7.May 10, 1894Audubon RepublicanAudubon, IA
Click image to open full size in new tab
Article Text
State Bank Collapses
WICHITA, Kan., May 9.- "Suspended" was the sign on the door of the State National bank in this city yesterday and great alarm prevails. This institution was considered one of the strongest in the west.
8.May 23, 1894The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
Will Probably Resume
WASHINGTON, May 23.-The comptroller has received a request from a former president of the state National bank of Wichita, which recently closed its doors, asking that no receiver be appointed and an opportunity be given the bank to resume business. The request will be complied with.
9.May 24, 1894The Wichita Daily EagleWichita, KS
Click image to open full size in new tab
Article Text
TALK OF RESUMING
By Request the Comptroller Withholds Appointment of Rece! ver for State National. A dispatch from Washington says: "The comptroller received today a request from a former president of the State National bank of Wichita, which recently closed its doors, asking that no receiver be appointed and an opportunity be given the bank to resume business. The request will be complied with. It has always been the policy of the present comptroller to give these institutions every opportunity to resume when it could be shown that they could be put in absolutely sound condition. Nothing further will be done until the papers making inquiries and replying to the conditions which will be exacted can be received."
WASHINGTON. D. C., May 25.-The comptroller has received a request from a former president of the State National bank of Wichita. which recently closed its doors. asking that DO receiver be appointed and an opportunity be given the bank to resume business. The request will be complied with.
11.June 9, 1894The Wichita Daily EagleWichita, KS
Click image to open full size in new tab
Article Text
TALK OF RESUMPTION, Strong Probability that the State National Will Resume Again. A special dispatch from Washington yesterday says: "Gay Lombard, cashier of the defunct State National bank at Wichita, called on Comptroller Eckels today. Some time was spent in talking over the affairs of the bank and propositions were discussed for its reopening, but nothing was agreed upon. The comptroller is inclined to favor opening the bank for business, but the original trouble with the directory, which resulted in closing the bank, appears so far to prevail." L. D. Skinner, president of the bank. was sought yesterday for information on the subject, but he, too, was out of town. It was stated that he had gone east with a view to making arrangements to reorganize the bank, and that the outlook was decidedly favorable. One gentleman who knows a good deal about the bank affairs said, "Yes, I look for a resumption of business soon at the bank. Affairs are in very fair shape for a reorganization, and if nothing unforeseen happens, I look for an announcement to be made to that effect the latter part of next week. If a reorganization is not completed by the end of next week, I look for the appointment of a receiver. The comptroller seems to understand the situation thoroughly and he is using his influence to effect a reorganization."
12.June 20, 1894Barbour County IndexMedicine Lodge, KS
Click image to open full size in new tab
Article Text
tracts for threshing 50,000 bushels of wheat in Cowley county this month. 3 Five young men and ten young ladies were confirmed in the Jewish syn agogue at Leavenworth last Sunday. Clay Center has already purchased $400 worth of i!eworks and will shoot them off at the Fourth of July cele. bration. A model school of five rooms is be. ing conducted in connection with the Riley county normal institute at Manhattan. A merry-go-round at Wichita disturbed a W. C. T. U. meeting just across the street and was abated as a nuisance. Adam Yeager, of Lawrence, was struck by lightning and instantly kill ed in his yard during a thunder storm Saturday afternoon. Commencement exercises of the public schools of Douglass county were held last Saturday at Bismarck grove. There were fifty graduates. The scheme of the senior class of the State University to raise a fund for the assistance of poor students has materialized to the extent of $510. Canton, McPherson county, has a chinch bug station for the distribution of Prof. Snow's deadly infection. It is located in the Republican office. At a recent election in Comanche county, it was decided to let the herd law stand as it was. This will put a quietous to the free range question. An eleven year old daughter of Mr. and Mrs. J. W. Jones of Kansas City, Kans., was struck by lightning and almost instantly killed Saturday night. The famous Hilman insurance cases have been set by Judge Thomas for the second Tuesday in January, 1895. Judge Thomas will try them at Leavenworth. Good rains are reported all over the state on Saturday and Sunday. Corn is greatly benefitted and with another good rain in 20 days, it will make a fair crop. Lawrence has sixty miles of sidewalks and a damage suit for $10.000 for a fall sustained Ly a lady on a portion of them which was alleged to be defective. Judge Albion W. Tourgee, of New York, authorof "A Fool's Errand' and "Bricks Without Straw," will deliver an address at the Winfield Chautuaqua assemblv There is some talk to the effect that the State National Bank of Wichita, which failed recently will resume. If there is no resumption a receiver will probably be appointed. The board of education of the Ottawa city schools has elected teachers for the ensuing year. Superintendent F. P. Smith, with nearly the whole corps of old teachers, have been retained. The Bank of Oberlin was closed Saturday by Commissioner Breidenthall, caused by the failure of Steele & Walker, of St. Joe, the latter being president of the bank. There was $14,000 of county funds on deposit. Assets and liabilities unknown. The Missouri river has been steadily raising for severa days and at noon on Monday was in four feet of the danger line at Omaha. Above and below the city the current is doing considerdamage to farm lands. A terrific rain fell all over Northeastern Nebraska Tuesday. Lane county has 41,981 acres of wheat to harvest this year, which at 8 bushels per acre will yield 33,500 bushels of wheat. Deducting 3,150 bushels for seed and 2,000 bushels for bread leaves 28,450 bushels, which at 40 cents cents per bushel means $113,800 for Lane county's wheat fields. C. O. Beardsly, Ben Verbryck and Sam Davis escaped from the city jail at El Dorado one night last week. They removed the bolts from the lower hinge of the iron door, sprung it out, wedged it the bottom and crawled out. Beardsley was serving a sentence of 1,050 and Davis 150 days for violating the prohibitory liquor law. Verbryck was convicted of assaulting an officer and was held for payment of fine and costs. They are still at large. The 6 year old daughter of George Firstenberger was horribly burned at Seneca Saturday morning. It seems that she was playing with some other children in a child's playhouse, and accidentally lighted a match, setting fire to some hay which they had spread around. Her clothes immediately caught fire, and before help could reach her, that she died soon after. A boy probably 16 years of age, giving his name as Louis Kirk. applied to Chief of Police White Tuesday for money with which to buy a ticket to his home in Alexander, Neb,, says the Atchison Champion. Kirk who is a typical country boy. went to Kansas City some time ago to visit his married s'ster. einformed Chief White that e liked Kansas City and would have remained there but for the fact that his sister had taken on too many city airs to suit Rim. Everything went all right until meal time, when young Kirk wanted to eat his potatoes with a spoon, which his sister refused to stand. The country brother insisted on eating potatoes in the good old fashioned way. So much objection was raised to this that life was a bur den, and he decided to run off. He had enough money to buy a ticket to Atchison, but ran short of funds here. He telegraphed his father for money, which was sent to him, and the young man continued his journey There are 285 persons enrolled in the Cowley county Normal institute.
13.June 23, 1894People's VoiceWellington, KS
Click image to open full size in new tab
Article Text
the peace of Europe
John Yount of Winfield, has contracts for threshing 50,000 bushels of wheat in Cowley county this month. 3 Five young men and ten young ladies were confirmed in the Jewish synagogue at Leavenworth last Sunday. Clay Center has already purchased $400 worth of fiveworks and will shoot them off at the Fourth of July celebration. A model school of five rooms is being conducted in connection with the Riley county normal institute at Manhattan. A merry-go-round at Wichita disturbed a W. C. T. U. meeting just across the street and was abated as a nuisance. Commencement exercises of the public schools of Douglass county were held last Saturday at Bismarck grove. There were fifty graduates. The scheme of the senior class of the State University to raise a fund for the assistance of poor students has materialized to the extent of $510. Canton. McPherson county, has a chinch bug station for the distribution of Prof. Snow's deadly infection. It is located in the Republican office. At a recent election in Comanche county, it was decided to let the herd law stand as it was. This will put a quietous to the free range question. An eleven year old daughter of Mr. and Mrs. J. W. Jones of Kansas City, Kans., was struck by lightning and almost instantly killed Saturday night. The famous Hillman insurance cases have been set by Judge Thomas for the second Tuesday in January, 1895. Judge Thomas will try them at Leavenworth. Good rains are reported all over the state on Saturday and Sunday. Corn is greatly benefitted and with another good rain in 20 days, it will make a fair crop. Lawrence has sixty miles of sidewalks and a damage suit for $10.000 for & fall sustained by a lady on a portion of them which was alleged to be defective. There is some talk to the effect that the State National Bank of Wichita, which failed recently will resume. If there is no resumption a receiver will probably be appointed. The Bank of Oberlin was closed Sat urday by Commissioner Breidenthall, caused by the failure of Steele & Walk er, of St. Joe, the latter being president of the bank. There was $14,000 of county funds on deposit. Assets and liabilities unknown. The Missouri river has been steadily raising for severa days and at noon on Monday was in four feet of the danger line at Omaha. Above and below the city the current is doing considerdamage to farm lands. A terrific rain fell all over Northeastern Nebraska Tuesday. The 6 year old daughter of George Firstenberger was horribly burned at Seneca Saturday morning. It seems that she was playing with some other children in a child's playhouse, and accidentally lighted a match, setting fire to some hay which they had spread around. Her clothes immediately caught fire, and before help could reach her, that she died soon after. A quartette of "lightning rod dis pensers" is doing a thriving business at swindling Labette county farmers. They make contracts at apparently nominal rates, pursuade their patrons to affix their names, and when the work is done they demand payment according to the exact terms of the contract, which calls for several times the amount the farmers expected to pay. The Missouri Pacific lost seven bridges between Preston and Conway Springs by the big rain on Saturday night. Telegraphic communication was carried on by that company by the way of Preston and the Rock Is land wires to Harington. The Missouri Pacific suffered immense damages and it will be a long time before the road will be open for business again.Preston Plaindealer. C. O. Beardsly, Ben Verbryck and Sam Davis escaped from the city jail at El Dorado one night last week. They removed the bolts from the lower hinge of the iron door, sprung it out wedged it out at the bottom and crawl ed out. Beardsley as serving a sout ence of 1,050 and Davis 150 days for violating the prohibitory liquor law Verbryck was convicted of assaulting an officer and was held for payment of fine and costs. They are still at large. A boy probably 16 years of alge, giv. ing his name as Louis Kirk. applied to Chief of Police White Tuesday for money with which to buy a ticket tic his home in Alexander, Neb;, says the Atchison Champion. Kirk who is a typical country boy, went to Kansas City some time ago to visit his married sister. He informed Chief White that be liked Kansas City and would have remained there but for the fact that his sister had taken on too many city airs to suit him. Everything went all right until meal time, when young Kirk wanted to eat his potatoes with a spoon, which his sister refused to stand. The country brother insisted on eating potatoes in the good old fashioned way. So much objection was raised to this that life hur.
The county has got its money out of the suspended State National bank. When a reporter for the EAGLE called at the court house yesterday County Attorney Boone and Judge T. B. Wall emerged from the county commissioner's office, sweating like industrious Africans at an election, into the corridor to take a bath in the south breeze that blew through. Both of them looked like they had gone through a cyclone and their disordered locks indicated that they had done a good deal of head scratching to develope the ideas, plans and arguments with 'which they conquered. They had just finished their work in securing from James Lombard $19,051.84 and from John B. Carey $9,525.90 making in all $28.557.74. This is the amount of money the county had on deposit in the State National bank at the time of the suspension of that institution. The Carey's were the first to propose to settle with the county if Mr. Lombard would and offered to settle the bond in proportion to the stock each had in the bank. Mr. Boone and Judge Wall then went to Kansas City and by some very clever legal maneuvering presented the matter there in such a forcible manner that Mr. Lombard indicated that he would probably accept the proposition. The final settlement was made yesterday in the county commissioner's office in the presence of all concerned except Mr. Carey who is in California. The settlement is, in a measure, taken as an indication of the future of the bank. Some regard it as not very favorable to the effort being made to reorganize. They argue that if a reorganization was probable in the near future there would be no necessity for the settlement of the bond, as the county could then come in like other creditors. This, however, is only an opinion and it may be wrong. Negotiations for reorganization are still going on and the result will be known within a very few days.
15.July 6, 1894The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
F. W. Bentley Gets an Office. WICHITA, July 6.-Fred W. Bentley has received a telegram from Senator Martin notifying him of his appointment as attorney for the receiver of the State National bank. The compensation for the attorney is fixed at $20 per day for every day he is engaged.
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland. receiver, with the legal proof thereof, within three months from this date. or they may be disallowed. JAMES H. ECKELS, 52 6t Comptroller of the Currency.
17.July 19, 1894The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
Must Present Their Claims
WICHITA, July 19.-James H. Eckels, comptroller of the currency, sent an official notice to Judge Leland, receiver for the State National bank. The notice says that all depositors and others having claims against the State National bank must present the same to Receiver Le land within three months of this date or they may not be allowed. The claims
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland, receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. JAMES H. ECKELS, 52 6t Comptroller of the Currency.
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland, receiver, with the legal proof thereof, within three months from this date. or they may be disallowed. JAMES H. Eckels, 52 6t Comptroller of the Currency.
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland, receiver, with the legal proof thereof, within three months from this date. or they may be disallowed. JAMES H. ECKELS, 52 6t Comptroller of the Currency.
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland, receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. JAMES H. ECKELS, 52 6t Comptroller of the Currency.
Judge Dale Decides That the Money Deposited by the Former Police Commissioners was by Special Agreement and Gives the City Judgment for $2,000 and Makes Their Claim Preferred-History of the Transaction-Judgment Given on Agreed Statement of Facts-General Rejoicing.
There is rejoicing in police circles and well there might be, for that department secured a judgment yesterday in the district court for $2,000 against the receiver of the State National bank, which makes this amount and the department a preferred creditor, and as a consequence they will receive their money.
It will be remembered that during the administration of Dickson, Brown and Davis, members of the Populist board of police commissioners that by special arrangement with the cashier of the defunct bank, the funds of the board were deposited with the bank to the sum of $2,500. Five hundred dollars of this amount was received, leaving the balance of $2,000 due the department.
Suit was brought against the receiver by Joseph Houston for the department and the suit was tried before Judge Reed, who gave judgment against the receiver.
The bank, by its attorney, demurred to the judgment and Judge Dale granted the bank a new trial. The evidence was submitted to Judge Dale yesterday on an agreed statement of facts and he rendered a long and thorough decision, going over all the points raised by the attorneys and gave his decision in favor of the police commissioners, adjudging that the claim against the bank was a preferred one, and ordered the receiver to pay over the amount.
This will prove a great benefit to the city at this time and there is general rejoicing, not only with the police department and its attorney, but with the council and the taxpayers.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.