City Bank (Parsons, KS)

Episode Information

Episode UID
6070087991117
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
607008799 hash
Start Date
January 1, 1893*
Location
Parsons, Kansas (37.340, -95.261)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
af41eceb3b5cc04f

Response Measures

None

Description

Articles state the bank closed its doors during the panic of 1893 but give no clear receiver/takeover details; additional records could confirm permanent disposition.

Events (2)

1. January 1, 1893* Suspension
Cause
Macro News
Cause Details
Closed during the nationwide Panic of 1893 which triggered bank failures in the region
Newspaper Excerpt
the City bank, which closed its doors during the panic of 1893
Source
newspapers
2. June 3, 1895 Other
Newspaper Excerpt
The case against Angell Matthewson, ex-president of the City bank, which closed its doors during the panic of 1893, was given to the jury ... a verdict of not guilty was returned.
Source
newspapers

Newspaper Articles (3)

Article from The Topeka State Journal, June 3, 1895

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Article Text

Mr. Matthewson Not Guilty. PARSONS, Kan., June 3.-The case against Angell Matthewson, ex-president of the City bank, which closed its doors during the panic of 1893, was given to the jury at 5 o'clock Saturday, and after it was out several hours a verdict of not guilty was returned. Prior to the failure Mr. Matthewson was regarded as one of the leading bankers of southern Kansas.


Article from Abilene Weekly Reflector, June 6, 1895

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Article Text

Mr. Matthewson Not Guilty. PARSONS, Kan., June 3. -The - case against Angell Matthewson, ex-presi-, dent of the City bank, which closed its doors during the panie of 1893, was given to the jury at 5 o'clock Saturday, and after it was out several hours a verdict of not guilty was returned. Prior to the failure Mr. Matthewson was regarded as one of the leading bankers of southern Kansas.


Article from The Representative, June 12, 1895

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Article Text

# MONOPOLY MILLDEW. ONLY A FEW DISTRESSES OF THE PAST WEEK CUT OF HUNDREDS. (By Paul Fontaine.) Sioux City passed a resolution June 4 ordering $240,000 of bonds issued with which to take up their floating indebtedness. For shame on this damnable bondage system. Confronted by a deficit.-Pennsylvania Railroad operated at a loss of $687,000 as compared with a profit for the year 1893 of $1,650,000. What immense prosperity the chumps are getting. Let her grind. # DOLLARD IS INDICTED-TROLLEY MAN IN TROUBLE. President of Brooklyn companies said to have declared a dividend when the corporations were really bankrupt. All this is nothing new. This company quarreled with their men. The People's Party platform demands public ownership of street railways, gas, water and electric light plants, as we now own and control the school, police, fire and street departments. Knocks Out the Concern.-Madison, Wis.-(Special.)-Insurance Commissioner Fricke today refused to license the Youths' Endowment Association, of Minneapolis, to do business in this state. In his opinion on the case he says that the company cannot successfully transact business on the endowment plan, and that, according to present indications, the company cannot survive January, 1898. Failure of Wine Importers.-John Osborn, Son & Co., 45 Beaver street, N. Y., go into a receiver's hands. Loss, $700,000. This firm was one of the oldest in the city. What a story of woe always accompany these failures are well known to all who have been caught in a similar boat. Read this one for a clincher. Powerful safe being made.-A great treasure box which is MOB and BURGLAR proof. It will be placed in the New York Clearing (Robbers Roost) House in a few days. It will weigh 650,000 pounds. Expert safe breakers could not force an entrance under eight days. How well the New York paper security, interest sucking Cookoos are judging the times near at hand. We would advise all to read Donnelly's Ceasar Column. Another Bank Explodes.-The Oklahoma National Bank was forced to close up June 2. Hurrah for old party prosperity. Hit hard boys and relief will soon reach you. Be careful not to advocate government (People's) banks, because you know they can't bust. The Banker Gets Off.-Such was the headline in a dispatch from Parsons, Kan., concerning Angell Mathews, who was president of the bursted City Bank of that place. Poor widows and orphans. What comfort their little ones will get out of those hard earned dollars that have melted away. Miners Want Help.-Say they cannot earn enough to support themselves. The miners of Massillion, Ohio, June 5, voted to accept the new scale of 51 cents under protest, and at the same time framed a strong appeal to Gov. McKinley to send relief. They ask for help on the ground that they are now physically weak from long destitution and that at the new rate they cannot supply themselves with the necessaries of life, even with steady work. Still the leaves of mildew continue to fall. The postoffice shuts out a Chicago firm and closes the mails to Vernon & Co., commission merchants, of 14 and 16 Pacific avenue. This firm organized blind pools or syndicats for speculation on the wheat market. Its operations were brought to the attention of the postoffice department some time ago. An inspector was detailed to make an investigation of the firm's transactions and reported them to be fraudulent.