Article Text
The Pratt National bank has suspended. Inability to make collections is the cause. Money is so scarce that even the banks can't get enough to carry on their business. This thing must re-act soon, and there will be money in circulation.
6127. Pratt County National Bank (Pratt, KS)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
- 3787
- Charter Number
- 3787
- Start Date
- March 11, 1891
- Location
- Pratt, Kansas (37.644, -98.738)
Metadata
- Model
- gpt-5-mini
- Short Digest
4196ddcacbcebf73
Response Measures
None
Receivership Details
- Depositor recovery rate
- 70.5%
- Date receivership started
- 1891-04-07
- Date receivership terminated
- 1896-04-01
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 25.3%
- Share of assets assessed as doubtful
- 57.4%
- Share of assets assessed as worthless
- 17.4%
Description
The single article (dated 1891-03-11) reports that the Pratt National Bank suspended because of inability to make collections and scarce money. There is no mention of a depositor run or permanent failure; temporary suspension due to local scarcity makes a reopening at a later date plausible, so I classify as suspension_reopening. If additional articles show a permanent closure, the classification should be updated.
Events (3)
1.
September 8, 1887
Chartered
- Source
- historical_nic
2.
March 11, 1891
Suspension
- Cause
- Local Shock
- Cause Details
- Inability to make collections; general scarcity of money in the area preventing banks from carrying on business.
- Newspaper Excerpt
- The Pratt National bank has suspended. Inability to make collections is the cause. Money is so scarce that even the banks can't get enough to carry on their business.
- Source
- newspapers
3.
April 7, 1891
Receivership
- Source
- historical_nic
Newspaper Articles (1)
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