6300. Winfield Mortgage & Trust Company (Winfield, KS)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
trust
Start Date
December 2, 1907
Location
Winfield, Kansas (37.240, -96.996)

Metadata

Model
gpt-5-mini
Short Digest
03b3c87f8e68c2cb

Response Measures

None

Description

Articles (Dec 1907) discuss court actions involving the receiver of the Winfield Mortgage & Trust Company, ordering him to return funds after closing up affairs. No mention of a depositor run; the company is in receivership/closed. Thus this is a suspension leading to permanent closure/receivership.

Events (2)

1. December 2, 1907 Receivership
Newspaper Excerpt
Frank K. Robinson, receiver for the Winfield Mortgage & Trust company, in the district court was ordered to pay back into the trust the sum of $15,000 which the court declared to have been fraudulently and wrongfully obtained and sequestered by the receiver.
Source
newspapers
2. December 19, 1907 Receivership
Newspaper Excerpt
The court ... ordered him to pay into court the sum, approximately, of ten thousand dollars, and Interest on the several sums so collected and withheld, and the costs of the investigation of the expert accountant amounting in all to about $15,000.
Source
newspapers

Newspaper Articles (2)

Article from The Topeka State Journal, December 2, 1907

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Article Text

A BLOW TO THE RECEIVER. F. K. Robinson of Winfield Mortgage Co. Ordered to Return $20,000. Winfield, Kan., Dec. 2.-Frank K. Robinson, receiver for the Winfield Mortgage & Trust company, in the district court was ordered to pay back into the trust the sum of $15,000 which the court declared to have been fraudulently and wrongfully obtained and sequestered by the receiver. He was also ordered to pay into the court the $4,400, which in his report of 1901, intended to be final, he had acknowledged had been realized in closing up the affairs of the company. Some other minor items and offsets were allowed, and receiver given a stay of execution for 90 days to make case for appeal. The Trust company is also allowed 90 days to make case on some of its contentions which were denied, but on the whole the decision is a substantial victory for the trust as against the receiver.


Article from The Topeka State Journal, December 19, 1907

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Article Text

MUST PAY IN $15,000. The Receiver of the Winfield Mortgage Company Called on to Settle. -Winfield, Kan., Dec. 19.-The case against F. K. Robinson, receiver of the Winfield Mortgage & Trust company, has been finally decided by the district court. The court, after delivering a very severe arraignment of its receiver, ordered him to pay into court the sum, approximately, of ten thousand dollars, and Interest on the several sums so collected and withheld, and the costs of the investigation of the expert accountant amounting in all to about $15,000, which sum the court, after an exhaustive investigation, decided that Mr. Robinson had