6055. Farmers State Bank (Mulvane, KS)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
October 31, 1931
Location
Mulvane, Kansas (37.474, -97.244)

Metadata

Model
gpt-5-mini
Short Digest
c7c3f9f133859f0e

Response Measures

None

Description

Articles describe the Farmers State Bank of Mulvane as a failed/defunct bank placed in receivership due to a large embezzlement by its cashier J. L. Rosecrants. No bank run is described. Final dividend payments were being made in June 1933; an earlier (1931) article notes delay in final payment because the cashier's bond writer had failed. Dates of initial failure/receivership are not explicitly stated in the clippings.

Events (3)

1. October 31, 1931 Other
Newspaper Excerpt
The final payment to the depositors the failed Farmers State bank at Mulvane has been held up. The company which wrote the bond for the cashier of the bank has now failed, and the bank delayed in collecting the of the bond from the receiver of the bonding company.
Source
newspapers
2. June 20, 1933 Other
Newspaper Excerpt
Seven years after embezzling $340,000 from the now defunct Farmers State Bank of Mulvane, J. L. Rosecrants, former cashier, now writes Fred Barnes, assistant receiver, requesting him not to overlook two small dividend checks of his children.
Source
newspapers
3. * Receivership
Newspaper Excerpt
the failed Farmers State bank at Mulvane has been held up. The company which wrote the bond for the cashier of the bank has now failed, and the bank delayed in collecting the of the bond from the receiver of the bonding company. (Wichita Eagle, 1931-10-31).
Source
newspapers

Newspaper Articles (2)

Article from The Wichita Eagle, October 31, 1931

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Article Text

CONSISTORY officials identified ring belonging to Frank VanDenberg of El Dorado. The ring was lost while the owner was swimming in the South Fork, near Matfield Green, 11 years ago last Fourth of July. Last Saturday the ring was returned to him by boy of that neighborhood, who found it in the gravel of the river while fishing. Meanwhile VanDenberg had purchased another ring, and three years ago lost it while swimming Henry Wallenstein, secretary of Wichita Consistory, was able to identify the first ring by records in his office. From Another Day Verses from autograph albums owned in Wichita came to Usual and Unusual yesterday by mail. There to have been number of the dug up, following story in this department Friday. the samples received yesterday was this one: o'er Double Indemnity The final payment to the depositors the failed Farmers State bank at Mulvane has been held up. The company which wrote the bond for the cashier of the bank has now failed, and the bank delayed in collecting the of the bond from the receiver of the bonding company. Real Curiosity A chicken has just been received by poultry concern at Cheney, according to the Sentinel. was brought in by Mrs. Fay Hobbs of Penalosa. The chicken, Rhode Island Red early summer cockerel, has two fully developed feet and an extra foot on the side the legs, about half way between the foot and ankle joint. On the right leg three toes, one about two inches long, other one inch and small toe one-half inch. On the left leg there are four extra toes, two which are fully developed and two small toes. All the extra toes have nails. The extra toes cannot be confused with spurs as they are not growing in the place designated for the spurs. What's Name? Family skeletons were being rattled in session at the courthouse. There of given names which brought about the following confession from Wilmer Harms, deputy county attorney: tried all my life get changed William Bill, but never did get it done. You'd never guess where came from. My brothers all had common names like Frank and Henry. When came they decided to pick out good one. So when my dad saw the trade-mark "Wilmer" on our medicine cabinet, he just took the Dog Show The following story which comes from those present the coon dog meet east of the city Sunday may not be true, but it worth hearing. The dogs were all lined up for picture to get the maximum amount of alertness from each hound coon was placed out in front. The dogs all centered their attention on the One man of avoirdupois was holding big coon dog of great strength. The strained to get the coon and pulled the holding him that fell flat on his stomach. The dog then dragged him few feet with the result that he lost most his much to the delight of the men and women assembled. An Honored Guest The last guest send in an acceptance to Usual and Unusual's Halloween party McDill Miles, 2040 South born Clarion county, October 31, 1855. He will be 76 years old today.


Article from The Wichita Beacon, June 20, 1933

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Article Text

ASKS DIVIDENDS Rosencrants Wants Money from Bank He Wrecked WELLINGTON, KAN., June 20.It may be a weak attempt at humor, or maybe just plain "crust," but anyway residents of Mulvane, Kan., are plenty sore. Here's why: Seven years after embezzling $340,000 from the now defunct Farmers State Bank of Mulvane, J. L. Rosecrants, former cashier, now writes Fred Barnes, assistant receiver, requesting him not to overlook two small dividend checks of his children. Rosecrants stated in his letter that the certificates had been lost but "hoped" that the checks could be mailed. Unfortunately, Mr. Barnes states. the checks will not be mailed because the certificates must be presented with the claims. The bank which Rosecrants wrecked is to pay its final dividend June 28, 29 and 30. The former cashier served between five and six years in the Kansas penitentiary for his crime, after hastening to Wellington to plead guilty. The bank crash, the largest ever to occur in Sumner county, left scores of aged Mulvane residents without a cent to show for lifetime of saving. Upon being released from prison, he joined his family at Lawrence Kan., later to move to New Orleans, La., from whence the bank receiver received his letter.