4653. S. A. Kean & Co. (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 23, 1892
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
b4bceb20

Response Measures

None

Description

Articles (Jan 23–27, 1892) report S. A. Kean & Co. as insolvent with a receiver (Edward A. Filkins) alleging inability to find assets and charging fraud/conspiracy. No explicit run is described; the bank is in receivership and insolvent, consistent with a suspension that leads to permanent closure/receivership.

Events (2)

1. January 23, 1892 Receivership
Newspaper Excerpt
Edward A. Filkins, receiver of the insolvent bank of S. A. Kean & Co. ... he has been unable to take possession of any of the assets of Kean for the reason that he has been unable to find any.
Source
newspapers
2. January 23, 1892 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank insolvent; receiver alleges missing assets and charges of fraud and conspiracy by officers and associates.
Newspaper Excerpt
Charges of fraud and conspiracy were made today in a petition filed in the superior court by Edward A. Filkins, receiver of the insolvent bank of S. A. Kean & Co.
Source
newspapers

Newspaper Articles (3)

Article from St. Paul Daily Globe, January 24, 1892

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Article Text

CONSPIRACY CHARGED. None of the Kean Assets to Be Found. CHICAGO, Jan. 23.-Charges of fraud and conspiracy were made today in a petition filed in the superior court by Edward A. Filkins, receiver of the insolvent bank of S. A. Kean & Co. The receiver represents that he has been unable to take possession of any of the assets of Kean for the reason that he has been unable to find any. He made demand on ex-Receiver B. F. Jacobs, Kean himseif, and Everett M. Warren for property, but they positively refused to deliver. Not more than a quarter of the creditors consenting to the dismissal of the insolvent proceedings, it is stated. have received a dollar on their claims against Kean. The charge is made that Kean, Jacobs, Warren, Franklin L. Wean, W. P. Fennell, Henry M. Hatfield, the law firm of Morris, Ganz & Craig, J. M. Kean, the American Trust and Savings bank by Gilbert B. Shaw, its president; Shaw individually and one R. T. Martin have entered into a conspiracy to absorb and appropriate to themselyes the largest part of the estate.


Article from Santa Fe Daily New Mexican, January 27, 1892

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Article Text

1CONDENSED NEWS. y aThere is activity all along the naval lines. e The loss of cattle in Idaho is very of heavy. it Minister Montt will not talk on the e Chilian affair. Rockafeller, of Standard Oil fame, is t getting better. The fourteen rice mills of New Orleans d have combined. f t The house committee will investigate e all about the World's fair. Fort Sheridan is to be made the largest garrisoned post in the country. John Bock, 12 years. Oakland, Neb. Brother dead; unloaded shotgun. Lumbermen are excited over the Democratic proposition to remove the duty. A bitter contest is expected over the will of Calvin Bronson, Toledo, Ohio; $1,000,000. Senator Wolcott will speak before the Marquette Club, Auditorium, Chicago, February 20. Dr. J. L. Bauer has been expelled from the faculty of the college of physicians and surgeons, St. Louis. Ex-Governor Albert G. Porter, minister to Rome, is going to make the gubernatorial race in Indiana again. A list of sane persons who have been imprisoned in New York insane asylums, numbering seventy-five, has been published. Judge Botkin, Kansas, asserts that the wife of Col. Sam Woods, the murdered man, was implicated in the plot to kill his honor. Adam Gerhart, a wealthy Chicago German, died at the residence of Mrs. Frances Meyers. He had no relatives; arsenical poisoning. Not one quarter of the creditors of S A. Kean & Co., defunct bankers, Chicago, have received a cent. Conspiracy is charged by the receiver, Ed. A. Filkins. Gen. Schofield received a telegram from Gen. Stanley, commanding the department of Texas, in which he expressed the opinion that the Garza insurrectionary movement is at an end. R. D. Mohur, of the District of Columbia, has been appointed by the president to be commercial agent of the United States to Congo, to succeed ex-Lieut. Emory H. Taunt. The pay is $5,000 per year. Mrs. Harriet Lane Johnson, niece of President Buchanan, has given $10,000 toward the purchase of "Wheatland," Buchanan's home, to be used as a park for Lancaster, Pa. The court of appeals, by a unanimous opinion of the judges of the first division, decided that no property holder can recover damages against the elevated railroads of New York City, as his property has been increased in value by the building of the road.


Article from New Ulm Weekly Review, February 3, 1892

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Article Text

# THE WICKED WORLD. PATRICK BOYLE was hanged at Edwardville, Ill., for the murder of John Meunch Aug. 12 last. MEMPHIS has a very sensational tragedy, a prominent young society lady killing another with a razor. WILLIAM EARLE, the St. Paul diamond robber, who conducted his own defense, is convicted. AT Chicago recently, charges of fraud and conspiracy were made in a petition filed in the Superior court by Edward A. Filkins, receiver of the insolvent bank of S. A. Kean & Co. EX-COUNTY TREASURER LIKENS was arrested at Basset, Neb., and is now in jail charged with embezzling $7,533.60 of the county's funds. An expert accountant has unearthed this amount and expects to find more. Likens, it is alleged, speculated in Chicago corn too heavily, with the above result. THE jury in the action of Edward S. Stokes against John Mackay and Hector D. Castro at New York were decided by Judge Ingraham, of the supreme court, to find a verdict in favor of Mr. Stokes for $75,000, with interest from Dec. 26, 1888. This is the full amount that Stokes claimed. CASHIER W. P. ROBINSON, of the Farmers' bank at Hope, Kavy county, has mysteriously disappeared. The creditors grew frightened and attachments were issued for claims amounting to about $6,000, while there are as many more yet to come. The loss will probably be total unless, as some surmise, Mr. Robinson is detained from home by foul means.