6197. First National Bank (Topeka, KS)

View Charter #1660 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1660
Charter Number
1660
Start Date
October 20, 1875
Location
Topeka, Kansas (39.048, -95.678)

Metadata

Model
gpt-5-mini
Short Digest
9a8bd5190da8194c

Response Measures

None

Receivership Details

Depositor recovery rate
58.3%
Date receivership started
1873-12-16
Date receivership terminated
1878-09-11
OCC cause of failure
Fraud
Share of assets assessed as good
13.2%
Share of assets assessed as doubtful
45.0%
Share of assets assessed as worthless
41.8%

Description

Articles (Oct 1875–May 1877) indicate the First National Bank of Topeka was placed under official control (Comptroller declared a dividend in Oct 1875) and a receiver (H. B. Cullum) was in place by Jan 1876 with assets being sold at auction in 1877. No article describes a depositor run; the sequence is suspension/official action followed by receivership and asset disposition = suspension leading to permanent closure.

Events (5)
1. August 23, 1866 Chartered
Source
historical_nic
2. December 16, 1873 Receivership
Source
historical_nic
3. October 20, 1875 Suspension
Cause
Government Action
Cause Details
Bank placed under official control by the Comptroller of the Currency who declared a dividend for creditors (indicative of suspension/official intervention).
Newspaper Excerpt
The Comptroller of the Currency has declared a dividend of fifteen per cent. in favor of the creditors of the First National Bank of Topeka, Kansas.
Source
newspapers
4. January 6, 1876 Receivership
Newspaper Excerpt
Otis & O'Conner vs. Cullum, receiver of the First National Bank of Topeka, Kansas - Error to the Circuit Court for Kansas. ... the agent of the bank sold ... The Court below held ... judgment was for the bank. ... for defendant (Cullum). (NY Herald, Jan 6, 1876).
Source
newspapers
5. May 21, 1877 Other
Newspaper Excerpt
ASSETS OF THE 1st NATIONAL BANK, TOPEKA Remaining in the hands of the Receiver for sale at auction MAY 21st, 1877 ... H. B. CULLUM, Receiver, 1st National Bank, Topeka, Kas. (Emporia News, May 1877).
Source
newspapers

Newspaper Articles (6)
1. October 22, 1875 The Emporia News Emporia, KS
Article from The Emporia News, October 22, 1875

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Article Text

NEWs BY TELEGRAPH. Condensed Summary or Telegraphic Reports in the Daily Papers. TUESDAY, OCT. 12, Omaha about 10,000 republican, Iowa 30,000.-Agricultural hall. on the Centenuial grounds at Philadelphia, blown down, and six laborers seriously injured. It was of wood, one-third completed.-Newark, N. J., elects a republican Mayor by 3,310 majority. wednesday, 13. The national woman's congress held its annual meeting at the opera house, Syracuse, N. Y.-Two colorel men were murdered by white men, in New Orleans, and the citizens held a mass meeting and resolved that the murderers should answer to the law, and that the life and property of all men should be protected.-Judge Benman, of the district court of Salt Lake City, charged the grand jury to enforce the law of congress of 1862 against polygamy, and to indict all polygamists.-The western railroads in convention at Chicago agreed to adopt last winter's time schedule, to go into effect Nov. 21. -Straus, Lehman & Co., dry goods house, N.Y., suspended, for want of $500,000.-John Quiney Adams placed upon the Democratic ticket for governor of Massachusetts, in place of Gen. Bartlett, who declined.-Matthias Kellar, composer of the hymn "America," died in Boston.-President Grant has a grand reception in Chicago, and leaves for Washington.-Gold $1.163/8. -No. 2 wheat in St. Louis $1.60; No. 3 $1.36%. Corn 56c. Oats 36c. e THURSDAY, OCT. 14. e Soldiers' re-unian at Indianapolis a grand success.-Judge LawJence, of r the New York supreme court, denies d the motion for a stay in Tweed's trial, y holding that decision is not appealable n from.-The seats at the race track in a Greenfield, Ohio, fell, precipitating It 1,000 people to the ground, injuring h a large number of men, women and children.-English newspapers rejoice a over the Republican victory in Ohio.Lulu trotted against 2:14 time at Roi chester, N.Y., and made three succes10 sive heats in 2:16, 2:143/4, 2:16, the y fastest three heats on record. A heavy e, wind prevented her from beating 2:14. -Gold $1,165.-Corn in St. Louis 57c. ne FRIDAY, OCT. 15. an y Two negroes murdered In New York ne by white ku klux, and seven of the eroughs arrested.-John Haas, eashier ne First National Bank, Tiffin, Ohio, shot himself dead on account of bank defleit.-Gov. Ames, of Miss., concludes iy that that State can manage its own afen fairs.-Earthquake shock in San FranO, cisco, but no damage.-Run on the Home Savings Bank of Boston, and al the 60 days' notice required.-Presi. a dent Grant reaches Washington, and at holds a cabinet meeting.-Secretarv er Delano's successor not been appointed d -Comptroller of the currency at is Washington declares a 15 per cent: div. ne idend in favor of the creditors of the gn First National Bank, Topeka, Ks.-W m E. Creary, of Michigan, made postmaster of U. S. senate, and C. Jones, of Minnesota, assistant.-Steam mill is at Augusta, Maine, burned. Loss $50,r000.-Eagle distillery, Evansville, Ind. bburned.-Gold $1.16½, $1.17.-No. 2 he wheat in St. Louis $1.62; No. 3 $1.36 Corn 57c. Oats 35½c. ilSATURDAY, OCT. 16. et he Great greenback mass meeting at he Evansville, Ind., Gov. Shackleford preto siding. The resolutions opposed inflation or contraction, and national bank currency, and favored the 3-65 interbconvertible bond plan, and the faithful as, fulfillment of all government obliga60 tions.-New York State temperance er ticket nominated as follows: Secretaan ry of State, Geo. B. Dusenbery; Compor troller, Alphonse Hopkins; Attorney bGeneral, Ely Marsh; Treasurer, Stephen B. Ayers; State engineer and suris veyor, David E. Dudley; Canal comhe missioner, Ira E. Bell; State prison inCspector, S. B. Gibbs.-$12,000 fire in 8 it. business block at Cedar Rapids, Iowa re -Palatial residence of M. K. Fairis banks, Geneva Lake, Wis., burned on Loss $40,000.-Woodsocket high school e. at Providence, R.I., burned. Loss $25, J. 000,-Tornado at Millford, Pa., blew F°down fences, trees, barns, &e.-Palace Hotel, San Francisco, opened to the & public.-Prof. Janny reaches Chey enne, having spent five months in the ilBlack Hills, and reports them rich it ar gold, and very fertile soil and mild an climate, with plenty of rain and tim eber.-Epizootic reached Cuba. y, MONDAY, OCT. 18. en is Joint committee to investigate alleged Indian bureau frauds submit ful ereport to President Grant, to the effec ve that they couldn't find any frauds, ex of cept by the pork, beef and flou ilcontractors. The committee make va prious recommendations in favor e more stringent management.--Jame H. Ingersoll, one of the old Twee ring in New York, gives damaging testimony against the ring in the sui ad of the county to recover $7,729,28: form the estate of ex-Auditor Watson -Eastern railroad lines to raise freigh ut rates to the West-Brigham Young is arrested for not obeying verdict in ta he vor of Anna Eliza Young to pay he $9,500 alimony.-R. B. Barnes, of St nt Louis, appointed U.S. Marshall.--In St. Louis, Dave Sullivan killed Nei is Deyern with a knife.-In St. Genevieve or he Mo., a white man got drunk and lay down on the bed of a negro woman of known as "Bad Anna," and she spli is his skull with a hoe.--Heavy tida

2. October 28, 1875 The Lake County Star Baldwin, MI
Article from The Lake County Star, October 28, 1875

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Article Text

T E N E W S From the National Capital. Ex-Senator Chandler has been appointed to the office of Secretary of the Interior, vice Delano. October 19 he was sworn in by Chief Justice Carter of the Supreme Court. Information of great success in the prosecution of the St. Louis whisky frauds has reached the Treasury Department. Four out of five distillers, and four out of five rectifiers, surrendered at discretion, pleading guilty to criminal indictments and in the suits for forfeitures. The following are these distillers: G. B. Bingham and J. W. Bingham, forming the firm of Bingham Bros.; Lewis Teuscher, R. W. Ulrici, Alfred Bevis and C. B. Frazier, of the firm of Bevis & Frazier. The rectifiers were F. C. Fosterer, G. Bensbaugh, Z. L. Beresker, B. H. Engelke, L. G. Quinlan, B. A. Quinlan, and Wm. H. Wadsworth. All these parties, at the time of pleading, also withdrew all claims to property seized by the government. This amounts in value to over five hundred thousand dollars. The civil suits on the bonds of distillers will be pushed to a judgment for the collection of unpaid taxes due. Western Items. Mr. Hoag, Central Indian Superintendent, states that his report for 1875 to the department will show greater advance in civilization and wealth by the Indians of the Indian Territory than in any previous year; better crops than ever before, and nearly double the acreage, which is more than tenfold greater than in 1869. A general state of good feeling prevails among all the tribes, and satisfaction is felt by all that they are now progressing finely, and desire to continue the experiment toward becoming self-sustaining without molestation Major Knox, of the Interior Department, is at present in the Pottawattomie Nation allotting their lands to individuals, they having decided to take them in severalty. The tribe is more mixed with the white largely element than any other tribe in the Territory; many of them have good farms, farming implements and stock, and they are building five thousand-dollar school-house out of their tribal=fund.. It is reported that the Indians at Lower Brute Agency and at Fort Thompson are much excited because the Government has ordered a survey of land in the neighborhood of those posts. Crimes. A party of boys playing ball near the St. Joseph Orphan Asylum, on Clark avenue near Fifteenth street, St. Louis, the other afternoon, got into trouble with the boys of the asylum, and there was a general battle between them, in which stones and other missiles were freely used during the melee. James Duffy, a boy about seventeen years old, was hit on the head with a chunk of coal, thrown by Michael Henlehan, one of the and his skull orphans badly fractured, from the effects of which he died in a few moments. Henlehan was arrested At Hackettstown, N. J., recently, James Ricker shot and killed his two sons, aged six and ten, and shot at his wife but missed her. He then shot himself in the head, but the wound is not serious. Ricker was arrested. Domestic troubles led to the crime. John A. Wilson, James Davidson, and two Italians named Carlo Cavino and Giovanni Petroni, were arrested in Philadelphia recently on a charge of counterfeiting the postage stamps of Greece, Guiana, Bavaria, Hanover, and Nicaragua, and were examined before the United States Commissioner. A most atrocious murder was unearthed in Denver, Col., recently. A small tenement house in the eastern portion of the city, which had recently been vacated by some Italian musicians, was visited by a policeman to detect the cause of a stench that appeared to issue from it. He discovered in the cellar of the building the dead and putrid bodies of an old man and three boys, all Italians In the civil suit brought in New York by Samuel C. Archer against Theodore Davis, the receiver of the Ocean Bank, for the recovery of ten thousand United States bonds in the bank when robbed in 1869, Mr. Morris, council for Archer, said that they would prove that Stevenson, who was then cashier, and subsequently President of the bank, planned the robbery and shared in the proceeds. It will be remembered that the burglars obtained about $450,000. Disasters by Fire. In Charleston, W. Va., a few nights ago, a fire broke out in Dangridge's restaurant on Capitol street, which swept from the Cotton Opera-house to Virginia street, totally destroying seven store-houses, including Gates' photograph gallery, the Hale House livery stables, and the Kanawha Valley marble works on Virginia street A fire at Anderson, Texas, destroyed fourteen stores and dwellings, Odd Fellows' Hall and Wilson & Howell's furniture, two store, warehouses, the Post-office and valuable mail matters. The losses are estimated at forty thousand dollars; partly insured. Wagner's lager beer brewery, Stapleton, Staten Island, was recently burned. Loss Insured. $50,000. Items in General. In the Ohio election, returns have been received from all the counties of the State, which are considered as correct as can be obtained until the official returns are received by the Secretary of State. These show Hayes' majority in the State to be 4,753. The official returns may vary this count by three hundred either way. The Republicans have a majority of seventeen in the House of Representatives, and three majority certainly, and possibly four majority in the Senate Writs in civil suits were issued in the United States Court at St. Louis, recently, against the various distillers and gaugers lately charged with violation of the revenue laws, and their securities. The distillers' bonds amount to $615,000, and those of the gaugers to $60,000. Many of these securities are said to be irresponsible, but from others the Government expects to realize a large proportion of the revenue of which it is claimed the principals have defrauded it. The Comptroller of the Currency has declared a dividend of fifteen per cent. in favor of the creditors of the First National Bank of Topeka, Kansas: also, a dividend of forty per cent. in favor of the Gibson County National Bank, of Princeton, Ind., payable the 20th inst. Moses S. Herman & Co., of No. 22 Walker street, New York City, the principal member of which is a brother of A. S. Herman, who recently went into bankruptcy, have also failed. The firm's liabilities are stated as $200,000, and the assets: $95,000 $50,000 being stock and $45,000 bills receivable. United States District Attorney Dyer has entered suit at St. Louis, in the United States District Court, against the Ohio and Mississippi Railroad Company to recover sixty thousand dollars, alleged to be due as unpaid revenue tax on the net earnings of the road from January, 1868, to January, 1872 special telegram to the Chicago Times says that Secretary Bristow is of the opinion that he can now, at an early day, an make the for arrangement successful placing of the three hundred million dollars four and one-half cent. bonds fiveper V mile scull race, for one thousand dollars and the championship of America, between Evan Morris and Henry Coulter, was rowed over the Hulton course at Pittsburg, Pa., Saturday afternoon, the 16th, and won by in one Morris, length ahead. Time, coming

3. January 6, 1876 The New York Herald New York, NY
Article from The New York Herald, January 6, 1876

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speene performance or a contract so purenase real es- tate brought by Shiff, who had sold property in New Orleans to Chatiraix. The contract stated the date at which the sale should pass, and gave the purchaser until that time in which to satisfy himself as to title. Subsequently his attorney found the title defective, and he declined to perform the contract. The Court, find- ing the objections to the title not of sufficient gravity to avoid the sale, directed performance by the pur- chaser. It is here claimed that as there is a cloud rest- ing upon the title sufficient to give the owner some trouble in disposing of the property to a careful pur- chaser, the vender in this case should not be compelled to accept it, and that such has been the rule of law since Lord Eldon's time. Case submitted. C. Robin- son for appellant; J. A. Campbell for appellee. No. 730. Otis & O'Conner vs. Cullum, receiver of the First National Bank of Topeka, Kansas-Error to the Circuit Court for Kansas. -In this case the agent of the bank sold to the plantiff in error certain Topeka bonds without fraud, warranty, guaranty or indorsement. The bonds were subsequently declared void, and to be so on the face. The question is whether under the cir- cumstances the brokers can recover the consideration paid of the bank. The Court below held that the pur- chaser was charged with notice, and the judgment was for the bank. It is here maintained that there were many circumstances which tended to charge the ven- ders with the value paid, and it is said that the bank will not be permitted to take the money of the pur- chaser without giving value therefor. Submitted on the briefs. A. Ennis for plaintiffs in error; Peck and Ryan for defendant.

4. May 4, 1877 The Emporia News Emporia, KS
Article from The Emporia News, May 4, 1877

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ASSETS OF THE Ist NATIONAL BANK, TOPEKA Remaining in the hands of the Receiver for sale at auction MAY 21st, 1877, At 3 o'clock p. m., corner of Kansas avenue and Sixth street, in Topeka, Kansas. 320 acres w 1/2 sec 35, tp. 23, range 9, Greenwood county, Kansas. 640 acres, all sec. 35, tp. 23, range 12, Green. wood county, Kansas. 640 acres, all sec. 35, tp. 25, range 12, Greenwood county, Kansas. 320 acres, w 1/2 sec. 26, tp. 23, range 9, Greenwood county, Kansas. 320 acres e sec 13, tp. 25, range 9, Greenwood county, Kansas. 320 acres, w 1/2 sec. 29. tp. 25, range 12, Greenwood county, Kansas. 164 acres, s w fracl sec. 30, tp. 17, range 13, Lyon county, Kansas. 320 acres, w 1/6 sec. 12, tp. 21, range 6, Chase county, Kansas. 160 acre-, n w 1/4 sec 20, tp. 10, range 2, Clay county, Kansas. 320 acres, s 1/6 see 26, tp. 25, range 18, Woodson county, Kansas. 80 acres, n 1/2 of s w 16 sec. 33, tp. 14, range 13, Wabaunsee county, Kansas. 80 acres, part a w % sec 12, tp. 8, range 16, Jefferson county, Kansas, (cost $2,000, improved farm with good house). 3,600 acres above described real estate, cost average $5.25 per acre. Title perfect. Said lands are convenient distance to good markets, railroads, schools, postoffices and flouring mills. They consist largely of rich bottom and prairie soil. interspersed with good streams and ample timber, and situated in the best portion of the State of Kansas. 18-3t H. B. CULLUM, Receiver, 1st National Bank, Topeka, Kas.

5. May 11, 1877 The Emporia News Emporia, KS
Article from The Emporia News, May 11, 1877

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and Sixth street, in Topeka, Kansas. 320 acres w½ sec 35, tp. 23, range 9, Greenwood county, Kansas. 640 acres, all sec. 35, tp. 23, range 12, Greenwood county, Kansas. 640 acres, all sec. 35, tp. 25, range 12, Greenwood county, Kansas. 320 acres, w¼ sec. 26, tp. 23, range 9, Greenwood county, Kansas. 320 acres e ½ sec. 13, tp. 25, range 9, Greenwood county, Kansas. 320 acres, w½ sec. 29, tp. 25, range 12, Greenwood county, Kansas. 164 acres, s w fracl sec. 30, tp. 17, range 13, Lyon county, Kansas. 320 acres, w % sec. 12, tp. 21, range 6, Chase county, Kansas. 160 acres, n w¼ sec 20, tp. 10, range 2, Clay county, Kansas. 320 acres, s½ sec. 26, tp. 25, range 13, Woodson county, Kansas. 80 acres, n½ of s w¼ sec. 33, tp. 14, range 13, Wabaunsee county, Kansas. 80 acres, part n w¼ sec. 12, tp. 8, range 16, Jefferson county, Kansas, (cost $2,000, improved farm with good house). 3,600 acres above described real estate, cost average $5.25 per acre. Title perfect. Said lands are convenient distance to good markets, railroads, schools, postoffices and flouring mills. They consist largely of rich bottom and prairie soil, interspersed with good streams and ample timber, and situated in the best portion of the State of Kansas. 18-3t H. B. CULLUM, Receiver, 1st National Bank, Topeka, Kas.

6. May 18, 1877 The Emporia News Emporia, KS
Article from The Emporia News, May 18, 1877

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320 acres w½ sec 35, tp. 23, range 9, Greenwood county, Kansas. 640 acres, all sec. 35, tp. 23, range 12, Greenwood county, Kansas. 640 acres, all sec. 35, tp. 25, range 12, Greenwood county, Kansas. 320 acres, w½ sec. 26, tp. 23, range 9, Greenwood county, Kansas. 320 acres e½ sec. 13, tp. 25, range 9, Greenwood county, Kansas. 320 acres, w½ sec. 29, tp. 25, range 12, Greenwood county, Kansas. 164 acres, s w fracl sec. 30, tp. 17, range 13, Lyon county, Kansas. 320 acres, w½ sec. 12, tp. 21, range 6, Chase county, Kansas. 160 acres, n w¼ sec 20, tp. 10, range 2, Clay county, Kansas. 320 acres, s½ sec. 26, tp. 25, range 13, Woodson county, Kansas. 80 acres, n½ of s w¼ sec. 33, tp. 14, range 13, Wabaunsee county, Kansas. 80 acres, part n w¼ sec. 12, tp. 8, range 16, Jefferson county, Kansas, (cost $2,000, improved farm with good house). 3,600 acres above described real estate, cost average $5.25 per acre. Title perfect. Said lands are convenient distance to good markets, railroads, schools, postoffices and flouring mills. They consist largely of rich bottom and prairie soil, interspersed with good streams and ample timber, and situated in the best portion of the State of Kansas. 18-3t H. B. CULLUM, Receiver, 1st National Bank, Topeka, Kas.