Article Text
The Pratt National bank has suspended. Inability to make collections is the cause. Money is so scarce that even the banks can't get enough to carry on their business. This thing must re-act soon, and there will be money in circulation.
Pratt County National Bank (Pratt, KS)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- March 11, 1891
- Location
- Pratt, Kansas (37.644, -98.738)
- Bank Type
- national
- Charter Number
- 3787
Metadata
Receivership Details
- Depositor recovery rate
- 70.5%
- Date receivership started
- 1891-04-07
- Date receivership terminated
- 1896-04-01
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 25.3%
- Share of assets assessed as doubtful
- 57.4%
- Share of assets assessed as worthless
- 17.4%
Notes
Article (1891-03-11) reports suspension; known receivership date 1891-04-07 indicates eventual closure.
Events (4)
1.
September 8, 1887
Chartered
- Source
- historical_nic
2.
March 11, 1891
Suspension
- Cause
- Macro News
- Cause Details
- Widespread scarcity of money and inability to make collections caused suspension.
- Newspaper Excerpt
- The Pratt National bank has suspended. Inability to make collections is the cause. Money is so scarce that even the banks can't get enough to carry on their business.
- Source
- newspapers
3.
April 7, 1891
Receivership
- Source
- newspapers
4.
April 7, 1891
Receivership
- Source
- historical_nic
Newspaper Articles (1)
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