5643. Argonia State Bank (Argonia, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 27, 1899
Location
Argonia, Kansas (37.266, -97.766)

Metadata

Model
gpt-5-mini
Short Digest
9b3424c0c9424e52

Response Measures

None

Description

Articles (Nov 1899) report the sale of remaining assets by Receiver B. J. Sheridan and winding up of the Argonia State Bank. No run is mentioned; the bank was in receivership and being liquidated, so this is a suspension leading to permanent closure/receivership.

Events (3)
1. November 27, 1899 Other
Newspaper Excerpt
The face value of the notes sold was some $12,000. Mr. Stewart got the most of them for $60.25 and Mr. Haworth the rest at $20.50 except some with which went the old counter, etc., for $1.50. There are a few hundred dollars to be distributed among the creditors in the shape of a final dividend.
Source
newspapers
2. November 27, 1899 Receivership
Newspaper Excerpt
The remaining assets of the Argonia State bank, sold at public sale yesterday, the 27th inst., by Receiver B. J. Sheridan at his office in Wellington, brought $82.25.
Source
newspapers
3. * Suspension
Cause Details
No cause for the suspension/closure stated in the articles; bank was in receivership and being wound up.
Newspaper Excerpt
When this is done, Receiver Sheridan will make report to the judge of the district court and be discharged, thus finally winding up the affairs of the Argonia bank.
Source
newspapers

Newspaper Articles (2)
1. November 30, 1899 People's Voice Wellington, KS
Article from People's Voice, November 30, 1899

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Article Text

Sale of Bank of Argonia Assets. The remaining assests of the Argonia State bank, sold at public sale yesterday, the 27th inst., by Receiver B. J. Sheridan at his office in Wellington, brought $82.25. The bidders present were W. H. Burks, M. L. Haworth, F. E. Hammond and John T. Stewart. The face value of the notes sold was some $12,000. Mr. Stewart got the most of them for $60.25 and Mr. Haworth the rest at $20.50 except some with which went the old counter, etc., for $1.50. There are a few hundred dollars to be distributed among the creditors in the shape of a final dividend. When this is done, Receiver Sheridan will make report to the judge of the district court and be discharged, thus finally winding up the affairs of the Argonia bank.

2. November 30, 1899 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 30, 1899

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Article Text

ARGONIA BANK ASSETS. About $12.000 Worth of Notes Sold For $82.25. Wellington, Nov. 30.-The remaining assets of the Argonia State bank, sold at public sale on the 27th, by Receiver B. J. Sheridan at his office in Wellington, brought $82.25. The bidders present were W. H. Burks, M. L. Haworth, F. E. Hammond and John T. Stewart. The face value of the notes sold was some $12,000. Mr. Stewart got the most of them for $60.25 and Mr. Haworth the rest at $20.50 except some with which went the old counter, etc., for $1.50.