6164. Seneca State Savings Bank (Seneca, KS)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
January 30, 1928
Location
Seneca, Kansas (39.834, -96.064)

Metadata

Model
gpt-5-mini
Short Digest
e483caed8ba3a7e0

Response Measures

None

Description

Articles report a depositor run and directors deciding to cease business Jan 30, 1928 after the bank president shot himself; the bank closed that day and later was in receivership with dividend payments in late 1929. OCR errors in source text were corrected (e.g., dates and phrasing). I infer the run prompted the suspension/closure and subsequent receivership/dividends.

Events (3)
1. January 30, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
President shot himself; his suicide and concerns about affairs precipitated nervous withdrawals by depositors.
Measures
Directors decided to cease business temporarily while checking records; bank closed.
Newspaper Excerpt
Reacing Run by Depositors, Directors Decide to Cease Business Until Check of Records Can Be Completed.
Source
newspapers
2. January 30, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors halted payments/ceased business after run and the president's suicide while records were checked; effectively suspended operations and closed its doors that day.
Newspaper Excerpt
BANK SENECA, HEAD SHOOTS SELF; CONCERN IS CLOSED ... Reacing Run by Depositors, Directors Decide to Cease Business Until Check of Records Can Be Completed.
Source
newspapers
3. February 1, 1928* Receivership
Newspaper Excerpt
Bank Depositors Are To Be Paid ... The closed its doors January 30, 1928. A second dividend ... will be paid depositors ... Decen ber 18 (1929). The bank failed February ... (OCR unclear). 'To pay dividends ... Seneca state savings bank per cent Dec. 19.' (Council Grove Republican, 1929-11-26).
Source
newspapers

Newspaper Articles (3)
1. January 30, 1928 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, January 30, 1928

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Article Text

BANK SENECA, HEAD SHOOTS SELF; CONCERN IS CLOSED ALLEN, PRESIDENT OF FIRST SAVINGS, WORRIED OVER ENDS BELIEVE INSTITUTION IS PERFECTLY SOUND Reacing Run by Depositors, Directors Decide to Cease Business Until Check of Records Can Be Completed. SENECA, Jan. Rhodes deputy commisthis mornwith Savings Bank that the institufor can made of the not president of who ended his life yesterday suicide because the feared on the bank would be started conducted today Left Suicide Notes. than hours after tended church meeting terday the body years in his wound his heart and pistol janitor, made the covery. Personal messages found the directed to his wife and the distress Contents the family made public, but understood they and regret. the affairs the Stillwell Allen not in any way the exhoused the same the his Paul the Hospital Fort Colo., causing Mr. Allen's death. Officers Condition. the bank discussed Mr. Allen's before Roy Bone. bank comTopeka. and Herdeclared. absolutely right they don't made run Miss Gladys Maze, assistant cashier, stated that knew Allen's dealings the bank were absolutely right, and that he had done nothing in Irregular way. In discussing relations with the vestment company Miss declared. Allen never used bank bolster up the Stillwell company." Mr. Herold and Miss Maze both that the did the $2,000. Mr. Allen's the company E. Stillwell of PasaThe bank has capital $10,000. Deposits according listed cashier, only held the position and not familiar the details. Leaves Five Children. Allen prominent church influential leader in the Chamber who him day by day, working at his desk, have remarked him that some day would under strain duties he upon Surviving him are his widow and five children John SenPaul Boston, of Wamego, Kan., Ulmer Dayton, Funeral arrangements not made.

2. November 26, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, November 26, 1929

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Article Text

Kansas Will Mark Time Pening tempt to Amend Federal Bank Statute. Topeka, Nov. ment of the governing federal tute was held out today by the Kansas tax code commission as the solution of what was the present impasse in bank ation. Written previous to the recent Kansas supreme court decision holng the state's money and dits or intangible tax law unconstitutional, th commission's report to Governor Clyde Reed covering for revision the Kansas tax laws said the commission found itself blocked in avenue of escape from present impasse in bank taxation." The commission in the 6th chapter of its report to be made public, recommended that none of the posed plans for taxation of nationbanks be adopted by the legislapending the "success" of the movement amend section 5219 of the federal statutes. This section the taxation of the nation banks by the state. is extremely difficult to tain what may be taken as measure of fairness in the taxation of banks. But one thing is clear, namely the banks are not paying enough in taxes when they pay the rate of the intangible law. Banks are profit-making enterprises, and should bear their just proportion of the tax burden." Nov. state fish and game warden, has announced the experiment of the state forestry, fish and game mission in transfering beaver from the Republican river to various state parks, apparently has been successful. Three colonies of the animals have been removed from their river haunts and established state parks. In each case the beaver have set to work storing and building dams and otherwise making themselves at home. LEGION CLEARS Lyons, Nov. American Legion cleared $171 after paying expenses with its Aunt Lucia play. also started near riot when Geo. Lantz, clothing merchant, went around the corner in his stage costume and bought gar from bakery. The word quickly spread that "woman" was boldly smoking cigar "right on the streets." DID THEY CELEBRATE? Greensburg, Nov. With the exception of Armistice day, the 50 Brown Leghorn hens owned by Mrs. Rinehart have laid an average of from 45 to daily since January 1929. Mrs. Rinehart reported none of the hens egg on Armistice day, but the day following, she said the usual quota of eggs was found in the nests. CAR WRECKS TRAIN Pittsburg, Nov. car driven by Ernest Lay crashed into Santa Fe freight train here spring lodged the rails an adjoining track and few minutes later derailed passing freight Lay sustained fractured skull, broken leg and other injuries was fireman for the Kansas City Southern. TO PAY DIVIDENDS Topeka, Nov. will be paid by Johnson, state bank receiver, next month as follows: Belvue state bank, per cent on Dec. 18; Farmers state at Medison, 30 per cent on Dec. 18; Seneca state savings bank per cent Dec. 19. MAY REVOKE PAROLE Hoisington, Nov. Critchlow was paroled from the penitentiary after conviction check charge, he returned here and tendered another worthless check to mercantile establish ment. His parole will probably revoked. CRASHED CATERPILLAR McPherson, Nov. to caterpillar tractor in the highway ahead resulted in lision that completely wrecked small driven by Jack Powcoupe ell last night. Powell has broken nose, fractured ribs and internal injuries. MANY BAKED APPLES Liberal, Nov. hundred bushels of apples belonging to Hutchinson wholesale house baked yesterday when the truck caught fire from leaky gas tank and burned. Lawrence, Nov. Alpha Omieron house was robbed of wrist watch and Two other homes were entered, accordto reports reaching the police.

3. November 29, 1929 Blackwell Journal-Tribune Blackwell, OK
Article from Blackwell Journal-Tribune, November 29, 1929

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Article Text

Bank Depositors Are To Be Paid ors of the Kansas banks will dividend payments from the state banking department on the dates Charles W Johnson state for failed banks A second dividend of 14 per cent $8.500 will paid deposithe bank Decen ber 18. The bank failed February Depositor bank of will receive second bank April 30 1929 cent A itors of the Scneca First State Sa. ving 19 The closed its doors January 30, 1928.