5876. Humboldt First National Bank (Humboldt, KS)

View Charter #3807 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
3807
Charter Number
3807
Start Date
January 1, 1896*
Location
Humboldt, Kansas (37.811, -95.437)

Metadata

Model
gpt-5-mini
Short Digest
16c9f850b16b2e6f

Response Measures

Full suspension

Other: Bank was taken into federal receivership by the Comptroller (receiver appointed) and subsequently closed; assets later sold by the receiver.

Receivership Details

Depositor recovery rate
70.6%
Date receivership started
1896-02-15
Date receivership terminated
1899-03-20
OCC cause of failure
Losses
Share of assets assessed as good
15.3%
Share of assets assessed as doubtful
53.4%
Share of assets assessed as worthless
31.3%

Description

Articles report a heavy run/withdrawals in January 1896 followed by the bank's closure and appointment of a federal receiver (Comptroller Eckels appointed William Rath on 1896-02-16). Later articles (1899) show the receiver sold assets and the bank remained defunct; depositors to receive about 90¢ on the dollar. OCR variants spell 'Humboldt' as 'Humbolt' in some notices; corrected to Humboldt.

Events (6)
1. November 1, 1887 Chartered
Source
historical_nic
2. January 1, 1896* Run
Cause
Rumor Or Misinformation
Cause Details
Heavy withdrawals and depositor nervousness due to a general feeling the bank was not entirely sound (perceived weakness rather than a specifically documented fraud).
Measures
None mentioned in articles.
Newspaper Excerpt
there was quite a heavy run on the bank, caused doubtless by a feeling that the bank was not entirely sound.
Source
newspapers
3. January 31, 1896 Suspension
Cause
Government Action
Cause Details
Bank closed and placed 'in the hands of the United States authorities' with receivership to be appointed after the closure.
Newspaper Excerpt
THE HUMBOLDT BANK CLOSED. ... the First National Bank of Humboldt had closed its doors. The bank is now in the hands of the United States authorities, and a receiver will be appointed to wind up its affairs.
Source
newspapers
4. February 15, 1896 Receivership
Source
historical_nic
5. February 16, 1896 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed William Rath receiver of the Humbolt First National Bank of Humbolt, Kan.
Source
newspapers
6. January 5, 1899 Other
Newspaper Excerpt
The receiver of the defunct First National bank of Humboldt sold the remaining assets of the bank at auction. ... the receiver of the bank will pay its depositors 90 cents on the dollar.
Source
newspapers

Newspaper Articles (9)
1. January 31, 1896 The Iola Register Iola, KS
Article from The Iola Register, January 31, 1896

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Article Text

THE HUMBOLDT BANK CLOSED. The announcement was received in Iola with much regret on last Monday morning that the First National Bank of Humboldt had closed its doors. At the time of this writing the causes of the failure are chiefly a matter of speculation. It has been known for sometime that a number of those who had been its heaviest depositors had recently withdrawn their deposits and placed them in Iola banks, and it is understood that last week there was quite a heavy run on the bank, caused doubtless by a feeling that the bank was not entirely sound. These withdrawals, together with slow collections, furnish the most obvious reason for the closed doors. The bank is now in the hands of the United States authorities, and a receiver will be appointed to wind up its affairs. The last published statement of the bank showed assets to the amount of more than double the liabilities, and unless it should appear that a very large proportion of these are worthless there seems no doubt that the depositors willbe paid in full. We are told that there is very little uneasiness at Humboldt, the feeling being general that everybody will get his money.

2. February 16, 1896 The Morning Times Washington, DC
Article from The Morning Times, February 16, 1896

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Receivers for a Kansas Bank. Comptroller Eckels has appointed William Rath receiver of the Humbolt First National Bank of Humbolt, Kan.

3. March 27, 1896 The Iola Register Iola, KS
Article from The Iola Register, March 27, 1896

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DISTRICT COURT PROCEEDINGS, Anna L Stanley VS James M. Stanley, divorce, find for plaintiff. Emma F Connely V3 Charles Connely, same as above. State VS Jap Apple, forgery, plea of guilty, sentenced to ten years in the penitentiary. State VS Jasper Apple, burglary, find of guilty, same sentence as above. State VS W D Cox, dismissed. Lacy VS F M Jackson, confirmation, sale confirmed. Wm Rath as receiver of Humboldt 1st National Bank VS E. S. Robbins et al, settled. Nathaniel Ring VS B L W Wittich et al, report of receiver approved. The Phoenix Life Insurance Co VS W P Patterson, same proceeding as above.

4. January 5, 1899 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, January 5, 1899

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Bank Assets Sold at Auction. Humboldt, Jan. -The receiver of the defunct First National bank of Humboldt sold the remaining assets of the bank at auction. Seventy-five thousand dollars worth of notes, judgments and overdrafts sold for a little less than $1,000; but notwithstanding this tremendous shrinkage, the receiver of the bank will pay its depositors 90 cents on the dollar.

5. January 12, 1899 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, January 12, 1899

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A Lebanon lad is in jail for forging checks. The Kansas State malitia is being reorganized. Two young men of Morrill got in a fight over the Co.lins verdict. The women of Wichita have organized a "Twentieth Century club," and none of them are more than half that old. A vast amount of ice has been up the winter. in Kansas during past put Very few ice houses will be empty next spring. The wheat fields throughout Kansas are and are looking The fine growing every day. numerous rains this winter has filled the ground with ample moisture. a Fred Deissroth, a Wilson boy, is fireman in New York City, and twice recently he received special mention in the metropolitan dailies on account of his nervy acts. This week F. A. Drenning will retire from the office of probate judge of Doniphan county after ten year's service. During that time he has issued 1114 marriage licenses, and performed the ceremony for 123 couples. Gillett's failure brought Woodbine into prominence. The dynamiting of the joint kept the notoriety of the town alive. The next thing in the bid for public attention will have to be something fierce and forceful if the town expects to keep up its gait. The receiver of the defunct First National bank at Humboldt sold the remaining assets of the bank at auction. Seventy-five thousand dollars worth of notes, judgments and overdrafts sold for a little less than a thousand dollars; but notwithstanding this tremendous shrinkage, the receiver of the bank will pay its depositors ninety cents on the dollar. An illustrated anecdotal character sketch of the late General Garcia, the Cuban patriot, is contributed to the January Review of Reviews by George Reno, who was closely associated with General Garcia for two years. The frontispiece of the Review is a portrait of General Garcia from a photograph taken by Clinedinst, of Washington, only a few day's before the general's death. From a ton of cotton seed can be made 700 to 750 pounds of meal, 700 to 750 of 35 to 40 of oil, 25 to 30 pounds and hulls, pounds of short gallons lint. The meal is worth 80 cents per hundred; oil 16 cents per gallon; and the lint 2 1/2 cents per pound; total value, $14.10. The meal and hulls are all fed to cattle; the oil is used in culinand purposes and lint is ary, the preserving short used other in mattresses, and to make into cotton batting. No person who has an orchard ought to be so as to can raise a crop successfully greedy think of apples that he and a of in the same be a thing to may crop hogs good keep field. down Hogs will the weeds in an orchard, but they also keep down the crop of apples as well. No stock of any kind should be in an orchard. The down by the use a kept be kept weeds of mower should disc harrow and after the trees into bearing the and come the ground red should clover. well seeded to clean of kind, hogs, horses will tread the be Stock kept any sheep, ground cattle hard cause it to dry out, and the rootlets of of or and rob feeding the this trees will the necessary moisture and nourishment and keep the trees from bearing crops of fruit. Notwithstanding the fact that the past season has been a poor apple year many orchards over the state have borne very profitable crops. Near Florence, Marion county, the orchard the of A. N. Allison & Sons has made following record: Forty-eight trees set in 1870 bore 270 bushels of market- a able apples besides those used fruit by family of seven persons. The one was sold at prices ranging near a dollar per bushel. This represents of, profit that no one need complain the and it may will cause surprise on is nc part of those who think there Kansas profit in the fruit business in be esTwo points in the case are to orchard pecially noted. One is that the which been set twenty eight years, orchards has longer than most Kansas that is are expected to live. The other is

6. January 12, 1899 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, January 12, 1899

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A Lebanon lad is in jail for forging checks. The Kansas State malitia is being reorganized. Two young men of Morrill got in a fight over the Collins verdict. The women of Wichita have organized a "Twentieth Century club," and none of them are more than half that old. A vast amount of ice has been put "up in Kansas during the past winter. Very few ice houses will be empty next spring. The wheat fields throughout Kansas are looking fine and are growing every day. The numerous rains this winter has filled the ground with ample moisture. Fred Deissroth, a Wilson boy, is flreman in New York City, and twice recently he received special mention in the metropolitan dailies on account of his nervy acts. This week F. A. Drenning will retire from the office of probate judge of serDoniphan vice. During county that after time ten he year's has issued 1114 marriage licenses, and performed the ceremony for 193 couples. Gillett's failure brought Woodbine into prominence. The dynamiting of the joint kept the motoriety of the tiwe alive. The next thing in the bid for public attention will have to be something fierce and forceful if the town expects to keep up its gait. The receiver of the defunct First National bank at Humboldt sold the remaining assets of the bank at auction. Seventy-five thousand dollars worth of notes, judgments and overdrafts sold for a little less than a thousand dollars; but notwithstanding this tremendous shrinkage, the receiver of the bank will pay its depositors ninety cents on the dollar. An illustrated anecdotal character sketch of the late General Garcia, the Cuban patriot, is contributed to the January Review of Reviews by George Reno, who was closely associated with General Garcia for two years. The frontispiece of the Review is a portrait of General Garcia from a photograph taken by Clinedinst, of Washington, only a few day's before the general's death. From a ton of cotton seed can be made 700 to 750 pounds of meal, 700 to 750 pounds of hulls, 35 to 40 gallons of oil, and 25 to 30 pounds of short lint. The meal is worth 80 cents per" hundred; oil 16 cents per gallon; and the lint21/2 cents per pound; total value, $14.10. The meal and hulls are all fed to cattle; the oil is used in culinary, preserving and other purposes and the short lint is used in mattresses, and to make into cotton batting. No person who has an orchard ought to be so greedy as to think that he can successfully raise a crop of apples and a crop of hogs in the same field. Hogs may be a good thing to keep down the weeds in an orchard, but they will also keep down the crop of apples well. No stock of any kind should be kept in an orchard. The weeds should be kept down by the use of a mower and the disc harrow and after the trees come into bearing the ground should be kept well seeded to clean red clover. Stock of any kind, hogs, sheep, cattle or horses will tread the ground hard and cause it to dry out, and this will rob the feeding rootlets of the trees of the necessary moisture and nourishment and keep the trees from bearing crops of fruit. Notwithstanding the fact that the past season has been a poor apple year many orchards over the state have borne very profitable crops. Near Florence, Marion county, the orchard of A. N. Allison & Sons has made the following record: Forty-eight trees set in 1870 bore 270 bushels of marketa seven fruit able family apples of besides persons. those used The by was sold at prices ranging near one dollar per bushel. This represents a profit that no one need complain of, and it may will cause surprise on the part of those who think there is no profit in the fruit business in Kansas. Two points in the case are to be especially noted. One is that the orchard has been set twenty eight years, which is longer than most Kansas orchards are expected to live. The other is that it has good tilth. Neither cultivation nor prouing has been neglected. There can be no question but that to the good tilth which the orchard has received be attributed in part. the

7. January 13, 1899 The Goodland Republic Goodland, KS
Article from The Goodland Republic, January 13, 1899

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KANSAS STATE NEWS. The city hospital at Pittsburg has been sold to the Catholics Abilene ministers have begun a erüsade against slot machines and raffles Pearl Bullock, a 17-year-old Lawrence girl, was mysteriously missing. Mrs. Adam Harris, of Paola, is the mother of 14 children, the oldest of whom is but 15. A state militia company of 46 members was organized in Yates Center with F. W: Butler eaptain. On the last day of 1898 the Baptists at Peabody held special services and burned the mortgage on their church. It was officially announced that Henry J. Allen, of the Ottawa Herald, had been selected as private secretary to Gov-elect Stanley. Raymond Carr, aged 18, of Sedan, was drowned while skating on Caney river. He went through into four feet of water and slid under the ice. Jay Simpson, a traveling soap fake artist. and Mrs. Spence, who eloped from Eureka, were captured at Moline by officers and taken back to Eureka An unknown disease was raging among Weir City children. A half dozen deaths resulted, none of the children being sick more than four hours. The departure of Mrs. Grant Gillett from Woodbine to join her husband in Old Mexico caused the running of several attachments on her property in Dickinson county. W. B. Yates, the young business man who disappeared from Larned two weeks ago under cloud, was found in a hospital at Oakland, Cal., suffering from brain trouble. Norman Palmer and wife, who were married in McGrawville, N. Y., January 5, 1834, celebrated their sixty-fifth wedding anniversary at Nortonville on January 3, 1899. Galena is now the center of the greatest zinc ore-producing district in the world. Her output in 1898 was valued at $3,247,004, surpassing the Joplin district about one-half. Gov. and Mrs. Stanley were given reception in the First Methodist church at Wiehita on the eve of their departure for the state capital. Two thousand people shoolt the governor's hand. In his last call for a statement of the conditions of Kansas banks, Bank Commissioner Briedenthal requires each bank to return a statement of the amount and character of cattle paper on hand. Chancellor Snow's bulletin on 1898 weather in Kansas saysi During the years' record only two have had more snow than 1898, only three have had more rain and no other year has had of wind David Munday, defeated republican candidate for the legislature from the Eighth representative district, Leavenworth county, will contest the election of Matt Edmunds, fusionist, whose majority was is. Minnie Grisham, aged 14, of Galena, was burned to a crisp from her ankles her neck. She was cooking doughnuts, when the grease caught fire and the flames ignited her clothes. Her physician said she could not recove. Mrs. Nora Finnegan, aged 10: years, died the other day at her home in Good Intent, Atchison county. She was left a widow in Ireland 50 years ago and soon after sailed for America with her children. It was always Mrs. Finnegan's boast that she never had to call a physician. Many of the ex-county officers in the 21 counties in Kansas, whose special fees and salaries laws are said to have never been voted upon by the legislature, though they have been in effect since 1895, are arranging to bring suit to recover the amount of the reduction effected in their respective salaries. Rev. J. P. Aelmore, a Swedish pastor at Hutchinson, upon his return home from an out-of-town visit, found several sticks of dynamite in his heating stove, which he claims were placed there by enemies. Rev. Aelmore is bachelor and recently wrestled in court with a breach of promise suit. Mrs. Fred Bingor, of Galena, while slightly demented, strolled away from home, and when found was clinging to the rotten cribbing in an aban doned mine. She had fallen into the shaft, a distance of 100 feet, and ceived no injuries whatever save shock which restored her lost memory. A Topeka telegram said: The Kansas butter-makers will go before the legislature and demand protection against the manufacturers of oleomargarine, who are placing their product on the Kansas market. Though the creamery industry has grown nearly 100 per cent. in Kansas since the last legislature met, it has met increased competition from the makers of oleomargarine, who are succeeding in getting a footing in all the smaller towns as well as the larger ones. The discriminating insurance tax bill, passed at the extra legislative session and approved by the governor, provides for a tax of two per cent. on all insurance, guarantee and accident companies organized in the United States. On foreign companies the tax is four per cent. on the gross premiums. The new law makes it obligatory on the superintendent of insurance to revoke the license of any company failing to pay the tax promptly. The measure will bring about $60,000 revenue to the state annually. The receiver of the defunct First national bank at Humboldt sold over $75,000 of the bank's assets at public suction and they brought less than $1,000. otwithstanding the tremendous sbrinkage, the bank will pay depositors 90 cents on the SL Edward Gates, of Wiehita, who committea suicide at La Crosse the other day, left a note saying be would rather be dead than be tormented longer by aspersions on his character. The Kansas

8. January 13, 1899 The Chanute Times Chanute, KS
Article from The Chanute Times, January 13, 1899

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THE women or wienita nave organized a "Twentieth Century club," and none of them are more than half that old. A vast amount of ice has been put up in Kansas during the past winter. Very few ice houses will be empty next spring. There has been less suffering among stock this winter than ever before in the history of the state and yet it has been a cold winter. The wheat fields throughout Kansas are looking fine and are growing every day. The numerous rains this winter has filled the ground with ample moisture. Governor Stanley will not be able tc announce his appointments as soon as he expected, but there is no reason to think that he is holding back on account of inability to get men to take the places. A special from Waverly, Kans., says The store and the at were rob. general postoffice of Sharpe of C. F. Parmerly bed Tuesday night twenty-seven dollars in stamps and some money and merchandise. Entrance was gained by fercing the front door. It is supposed the work was done by home talent. On January 5th, Greenleaf & Baker Atchison grain dealers, shipped to Bal timore a car containing 1,750 bushels of corn. It is the largest car ever ship ped from the west, the average Car A containing five hundred bushels. big car of corn which Denton Bros., of Leavenworth shipped recently to St. Louis contained sixteen hundred bushels. The receiver of the defunct First National bank at Humboldt sold the remaining assets of the bank at auction. worth of overSeventy-five notes, judgments thousand and dollars drafts sold for a little less than a thousand dollars; but notwithstanding this tremendous shrinkage, the receiver of the bank will pay its depositors ninety cents on the dollar. The Goodland Banner secured state ments from the merchants of that town and found that the total amount of sales during holiday week aggregated $11,865. Of this amount $8,670 went for Christmas presents This is an indication of the wonderful amount of business done by Santa Claus and his assistants in Kansas this year. Good land, it should be remembered, is away out in northwestern Kansas. People who wanted to be mean used to say that there was no God out Goodland way; and it was there that Rainmaker Montgomery, with his scheme of overturning nature's laws, rose, flourished and fell: but the town and country about it appear to be all right in this particular year of grace. No person who has an orchard ought to be SO greedy as to think that he can successfully raise a crop of apples and a of in the same be a thing to the may crop hogs good keep field. down Hogs weeds in an orchard, but they will also keep down the crop of apples as well. No stock of any kind should be in an orchard. be down by use a mower kept kept the The weeds of should disc trees the and come the into bearing harrow and clean ground after red the clover- should be kept well seeded to Stock of any kind, hogs, sheep, cattle or horses will tread the ground hard and cause it to dry out, and this will rob the feeding rootlets of the trees of the necessary moisture and nourishment and keep the trees from bearing crops of fruit. Norton's telephone exchange is now in operation. The .fame of the Santa Fe eating houses and dining car service has beer heralded all over the country and those who travel say that no such meals can be had as are served by the Santa Fe. Mr. Fred Harvey is mana. ger the eating houses and the dining cars and to him and his liberal ideas belongs the credit of the meals that cause even a New York diner out or a Boston epicure to pronounce them par excellence. An organizer got forty-eight charter members for a new fraternal order at Lyndon. When it comes to rounding to a finish the pro-essiona al up lodge humanity organizer doesn't take back seat for anyone. The Criterion says that a Lebanon man is deterred from putting up ice Cohes

9. January 14, 1899 Free Press Hays, KS
Article from Free Press, January 14, 1899

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reorganized. Two young men of Morrill got in fight over the Collins verdict. The women of Wichita have organized a "Twentieth Century club," and none of them are more than half that old. A vast amount of ice has been put up in Kansas during the past winter. Very few ice houses will be empty next spring. The wheat fields throughout Kansas are looking fine and are growing every day. The numerous rains this winter has filled the ground with ample moisture. Fred Deissroth, a Wilson boy, is a fireman in New York City, and twice recently he received special mention in the metropolitan dailies on account of his nervy acts. This week F. A. Drenning will retire from the office of probate judge of after ten sertime issued vice. Doniphan During county that he year's has 1114 marriage licenses, and performed the ceremony for 123 couples. Gillett's failure brought Woodbine into prominence. The dynamiting of the joint kept the notoriety of the town alive. The next thing in the bid for public attention will have to be something fierce and forceful if the town expects to keep up its gait. The receiver of the defunct First the assets of the bank at aucNational remaining bank at Humboldt sold tion. Seventy-five thousand dollars worth of notes, judgments and overdrafts sold for a little less than a thouthis the receiver of sand tremendous dollars; shrinkage, but notwithstanding the bank will pay its depositors ninety cents on the dollar. An illustrated anecdotal character General the is contributed the of Reviews sketch Cuban January of patriot, Review the late Garcia, to was associated with General Reno, who Garcia closely by George for two years. The the Review is a from a taken of frontispiece General of Garcia photograph portrait by Clinedinst, of a before the only few day's Washington, general's death. From a ton of cotton seed can be made 700 to 750 pounds of meal, 700 to 750 pounds of hulls, 35 to 40 of oil, 25 to 30 of short The and meal is pounds gallons lint. worth 80 cents hun16 cents the per pound; total dred; lint 21/2 oil cents per gallon; per and value, $14.10. The meal and hulls the oil is used in fed to cattle; are culin- all ary, preserving and other purposes and the short lint is used in mattresses, and to make into cotton batting. person has an orchard to so as to think that he No be greedy who ought can successfully raise a crop of a crop the same field. be of hogs good in thing keep apples Hoga and may a to down the an orchard, but the crop of as also weeds well. keep No in down they apples will stock of any kind should be an The weeds by the use of a kept and be kept the in disc down orchard. mower should harrow and after the come the should be kept into well bearing ground trees seeded to clean red clover. Stock of any kind, hogs, cattle or tread the and horses will it sheep, ground hard cause to dry out, and this will rootlets of the necessary moisture and the rob the feeding nourish- trees of ment and keep the trees from bearing crops of fruit. Notwithstanding the fact that past season been poor has apple year the many orchards over the state have very profitable county, the borne of Florence, A.N. Marion crops. orchard Near Allison & Sons has record: bore 270 bushels of set following in 1870 Forty-eight made market- trees the able apples besides those used a seven persons. The family was sold of fruit by at prices ranging near per bushel. This a no one need and dollar profit it that complain represents one of, may will cause on who think there no part profit of in those the surprise is the fruit business in Kansas. in the case are to One is that the orchard has pecially Two been points noted. be esset twenty eight years, which than most Kansas to live. The other are is it has longer expected orchards is that good tilth. Neither has been nor can prouing be neglected. cultivation There no question but that to the good tilth which the orchard to be attributed, in long ceived life is part, has the reof the trees and their The success of to stimulate productiveness. orchard ought farmers present this to adopt the methods of culture that have in it. Good upon to orchard been can be employed depended influence culture an toward productiveness and long life. 1 The stock yards station in Kansas e City, Kans., is now handling eight thousand pieces of first-class mail every day.