6111. State Bank (Phillipsburg, KS)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 23, 1891
Location
Phillipsburg, Kansas (39.756, -99.324)

Metadata

Model
gpt-5-mini
Short Digest
3793b2b8b4c86d65

Response Measures

None

Description

Articles describe the State Bank of Phillipsburg being unable to meet a county demand for funds in July 1891 (arranged borrowing from a St. Joseph bank and paid depositors) and by January 1892 the bank went under with the crash of a local lumber firm but is reported will reorganize and open for business. No explicit depositor run is described; sequence is a suspension/financial distress followed by planned reorganization/reopening.

Events (2)

1. July 23, 1891 Suspension
Cause
Local Shock
Cause Details
County demanded its deposit (about $11,000) and the bank was unable to pay on demand; strain tied to failures in the area (Howell Lumber Co. failure discussed nearby).
Newspaper Excerpt
Last Thursday the county demanded its money on deposit in the State Bank of which Mr. Handy is president, some $11,000.00, this amount the bank was unable to pay on demand, but arranged with a St. Joseph bank ... The Bank has paid off its depositors, and is collecting moneys due it on notes.
Source
newspapers
2. January 14, 1892 Reopening
Newspaper Excerpt
The Phillipsburg State Bank, which went under with the crash of Howell Bros. big lumber firm, will reorganize and open business if the spring- Champion.
Source
newspapers

Newspaper Articles (2)

Article from Phillipsburg Herald, July 23, 1891

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Article Text

for thirty rails lengths. -The W. C. T. U. will meet at the Presbyterian Church next Monday eve at S o'clock, every lady interested in temperance work is invited to be MRS. L. CONN, Sec. present. -The station atiBig Bend, Philips county, after being closed over a year will again be opened. A grain and stock dealer will locate there, and a large hotel is being erected.-Champion. -0. L. Smith has added one of the latest editions of Websters Dictionary, and a full set of Encyclopedia Brittanica. These volumes will be of immense benefit to the teachers of the county. -A W. C. T. U. has been organized in this place, with Mrs. Cocks president, Mrs. Albaugh, vice president, Mrs. Lowe, Cor. secretary; Mrs. Conn. Rec. secretary, and Mrs. Geo. Spaulding treasurer. -Last Tusday evening, Miss Maude Spaulding was favored with a call from a number of her young friends, who spent a very pleasant evening. The visitors presented Miss Maude with several very beautiful gifts. -There will be a Union Temperance Service held at the Methodist Church next Sabbath morning under the auspices of the W. C. T. U., commencing at 11 o'clock A. M. Everybody is heartily invited to be present. -The second game of ball between Smith Centre and Phillipsburg, played at the former place Friday last resulted in a victory for our boys, by a score of seven to five. The game was an exceedingly interesting one, and was attended by a large crowd from this place. -Harry Seaman has been assigned duty in the mail service on the Rock Island between Belleville and Phillipsburg. Harry is a graduate of the Gaylord postoffice, and is competent for any place in the service from postmaster general down.-Gaylord Herald. --No services in the Baptist Church next Sunday morning in consequence of the Union Temperance meeting to be held in the M. E. church. But in the evening will be the regular service commencing at 8 o'clock. This being the farewell service of the pastor before leaving the city, all are cordially invited to attend. --Last Thursday the county demanded its money on deposit in the State Bank of which Mr. Handy is president, some $11,000.00, this amount the bank was unable to pay on demand, but arranged with a St. Joseph bank through the aid of several of our citizens for the money, which was paid to the county treasurer on Friday. The Bank has paid off its depositors, and is collecting moneys due it on notes. The future of the bank is uncertain as the present stockholders hardly know as yet what to do. -The daily papers announce the failure of the Howell Lumber Company. There are a great many people all over Northwest Kansas who will not feel particularly sorry for the Howell Lumber Co. Sharp practice may succeed for a time, but retribution usually overtakes the individual or corporation that places trust in dishonesty. There is a God in Isreal.Gaylord Herald. The people up this way have no cause for rejoicing over the failure of Howells', as its effects are far reaching, and will be felt in this country for some time. The HERALD is very much pleased that the "jubilation" comes from a republican organ rather than from an Alliance paper. -The Kirwin Independent of last week contained quite a long article upon the present prospects of its home town. The article is a good one with the exception of that portion referring to Phillipsburg. Years ago during the county seat fight, hatreds were engendered between the then residents of the two towns; since that time almost an entire change has OCcured in the personal of their citizens. New men have come in who care nothing for the old fight, but who accept things as they find them, and who are only anxious to build up the town of their choice, regardless of old feuds. So we say let the old fight stay burried, and all work together to make our county the best one in northwest Kansas. -The Farmer does not wish to int dulge in any weird imaginations or wild predictions, but it means to sug-


Article from Phillipsburg Herald, January 14, 1892

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Article Text

2.00 Herald Star, three and weekly months, Leavenworth Times, 125 left.3e sterald year, and daily Leavenworth Times, one 8.00 Herald. year, one year, and Leavenworth Times, 1.50 months, three 1.75 Berald and Alliance Advocate. one year, 1.50 Herald and Cottage Hearth, 1.75 Herald and St. Joe Herald Herald and St. Joe. Daily and Sunday Her 6.00 1.5Herald ald and Atchison Weekly Champion Nigger head coal at Smith's. -Court is in session this week. -Somewhat chilly these mornings. -Peacock, Golden Belt and I. X. L. flour at Gebbart's. -The highest price paid for eggs in cash, by J. D. Couch. -Rival revivals are being held in our city. -Come to Wm. Bissell with your tf choice farm loans. -Wood taken on subscription at his office. -FOUND-A ladies neck scarf. Call at this office. Don't get too gay with the ladies— this 18 their year out. --In five months from now we will be in the midst of another presidential election. -WANTED:-Good veal calves from six to ten weeks old, at Seavey's meat market. -The thermometer registered 10 degrees below roMonday and Tuesday mornings of this week. -BORN:-To Mr. and Mrs. W. G. Riste, Wednesday, Jan. 13th, 1892, a son. -Bring your grain to Dana, and get the highest market price. Spot FRANK F. ADEE. cash. -It is not always the salary connected with an office that makes the encumbent rich. -When you need a carpet call on H. C. Spaulding & Son, they have the only carpet exhibitor in the city. -Mr. and Mrs. H. B. Reynolds are the happy parents of a new boy baby, which was born on New Years Day. -Foraker says Sherman 18 too old. Sherman says he has to hold his nose when Foraker's name is mentioned.Ex. Hard coal at Smith's yard. Car on track today. -You may cough and cough and cough and cough and cough but you will not, if you take De Witt's Cough and Consumption Cure. Fisher & Co. -10 19 better that some men cry over the kindness shown them by their friends than over the bruises given them by their enemies. -What measures are you taking to stop that cough? Let us suggest De Witt's Cough and Consumption Cure. It is infallible. Fisher & Co. -Judge Spaulding who was reported seriously ill last week, is now improving rapidly and it is thought he will be up again in a short time. -The new postal cards are neither as handsome or substantial as the old ones. They look like a very cheap affair. -Spaulding & Son have just received a fine line of boots and shoes. You will consult your own interests by getting their prices before buying -It is doubtful if the Lord ever made a man who can run a newspaper or preach a sermon that will please everybody. -In cases where dandruff, scalp diseases, falling and grayness of the hair appear, do not neglect them, but apply a proper remedy and tonic like Hall's Hair Renewer. -"An honest pill is the noblest work of the apothecary." De Witt's Little Early Risers cure constipation, biliousness and sick headache. Fisher & Co. -The Phillipsburg State Bank, which went under with the crash of Howell Bros. big lumber firm, will reorganize and open business if the spring-Champion. -F. W. Colby has just received another car load of the celebrated Colby flour. The last car gave universal satisfaction, and this one is just as good. -The Long Island shipping association has sold its elevator to Chas. Wilcox, as the members could not find time to give jt proper attention. -Housekeepers who have had trouble with their bread will be pleased to know that John Gebhart has just received a car load of the justly relebrated "Peacock" brand of Salina flour. -A trial convinces the most skeptical. Carefully prepared, pleasant