6422. Abilene bank (Abilene, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 28, 1889
Location
Abilene, Kansas (38.917, -97.214)

Metadata

Model
gpt-5-mini
Short Digest
51653eb0

Response Measures

None

Description

Multiple contemporary papers report the Abilene bank suspended Oct 28, 1889, citing depreciation after the 1884 boom and insolvency; subsequently an assignment/lockup occurred Nov 1, 1889. No discrete misinformation-driven run is described — deposits besieging the bank are reactive to suspension. I infer closure (assignment/insolvency) rather than reopening.

Events (3)

1. October 28, 1889 Other
Newspaper Excerpt
the bank was besieged by depositors who demand settlement. A number of business houses are sufferers and business is practically paralyzed.
Source
newspapers
2. October 28, 1889 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Steady depreciation after the boom of 1884 weakened the bank; liabilities ($400,000) exceeded liquid assets; attempts to reorganize (forming a loan and trust company) failed.
Newspaper Excerpt
The Abilene bank suspended this morning. The liabilities are $400,000, claimed assets $600,000. The depreciation which followed the boom of 1884 slowly dragged the bank down.
Source
newspapers
3. November 1, 1889 Receivership
Newspaper Excerpt
Lebold & Fisher made an assignment late yesterday after. noon and locked the Abilene bank's doors. Since Monday's suspension a large number of local depositors have been settled with... New England creditors commenced legal proceedings and an assignment was necessary.
Source
newspapers

Newspaper Articles (11)

Article from The Seattle Post-Intelligencer, October 29, 1889

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Article Text

Hard Times in Kansas. ABILENE, Kan., Oct. 28.-The Abilene bank suspended this morning. The liabilities are $400,000, claimed asstts $600,000. The depreciation which followed the boom of 1884 slowly dragged the bank down. Business is practically paralyzed.


Article from St. Paul Daily Globe, October 29, 1889

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Article Text

CLAMORING FOR CASH. Depositors in a Kansas Bank Left in the Lurch. ABILENE, Kan., Oct. 28.-The Abilene bank. owned by Mayor C. P. Lebold and Col. J. M. Fisher, suspended this morning, creating great excitement, as it has been considered the strongest financial institution in Central Kansas. Deposits amount to $200,000, principally local. Rediscounts and individnal loans swell liabilities to $400,000. The firm claim it owns $600,000 worth of real estate and notes. and say they will pay in full if given time to realize. Depreciation which has followed the boom of 1884 has steadily dragged them down. An attempt to straighten things out by forming a loan and trust company with Senator Ingalls and other prominent men as directors failed. and the bank was compelled to 20. Mayor Lebold is now in the East, and the bank is besieged by depositors who demand settlement. A number of business houses are sufferers and business is practically paralyzed.


Article from Omaha Daily Bee, October 29, 1889

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Article Text

BIG BANK FAILURE. A One of the Strongest Houses in Kansas Goes Under. ST. LOUIS, Oct. 28.-A special from Abilene, Kan., says the Abilene bank, owned by Mayor Lebold and Colonel J. M, Fisher, suspended this morning, creating great excitement, as it was supposed to be the strongest financial concern in central Kansas. The deposits amount to $200,000, principally local. Rediscounts and individual loans swell the liabilities to $400,000. The firm claims to own $600,000 worth of real estate and notes, and say they will pay in full if given time to realize. The depreciation which has followed the boom of 1884 has steadily dragged them down. An attempt to straighten things out by forming a loan and trust company with Senator Ingalls and other prominent men as directors failed and the bank was compelled to go to the wall. Mayor Lebold is now in. the east and the bank is besieged by depositors who demand a settlement. A number of business houses are sufferers and business is practically paralyzed.


Article from Butte Semi-Weekly Miner, October 30, 1889

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Article Text

Bank Suspended. ABILENE, Kas., October 28.-The Abilene bank suspended this morning. The liabilities are $400,000, and the claimed assets are $600,000. The depreciation which followed the boom of 1884 has steadily dragged the bank down. Business is practically paralyzed.


Article from The Enterprise, October 30, 1889

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Article Text

LATER. THE Abilene (Kan.) bank, owned by Mayor C. H. Leopold and Colonel J. M. Fisher, suspended on the 28th, created great excitement, as it has been considered the strongest financial institution in Central Kansas. The deposits amount to $200,000, principally local. Discounts and individual loans swell the liabilities to $400,000. The firm claim to own 8600,000 worth of real estate and notes. IN the United States Circuit Court at Philadelphia on the 28th ult. Judges Butler and McKennan set aside the verdict in favor of the city for $14,488, which was recently rendered against the Western Union Telegraph Company as a license fee for the use of the streets for poles and wires from 1885 to 1888 inclusive. O'NEIL & DYAS' extensive dry goods house at Akron, O., was destroyed by fire on the 28th ult., entailing a loss of $225,000. The fire was caused by a gas explosion. A LIVERPOOL dispatch of the 28th ult. reports that the British ship Bolan, from Calcutta for Liverpool, had foundered at sea. Thirty-three lives were lost. ABOUT twenty representatives of cracker manufacturers in Northern States met at Jackson, Mich,, on the 28th ult. and formed an organization with the object of maintaining a fixed schedule of prices, Among the cities represented were Chicago, Buffalo, Cleveland, Toledo and Detroit, ON the 28th ult. Rev. Dr. Talmage turned the first shovelful of earth for the foundation of the new Tabernacle at Brooklyn, N. Y. A large gathering of people were present. CHRISTOPHER GEIGER, for many years a leading iron maker, died at Lancaster, Pa., on the 28th ult., aged eighty-one years. At various times he was proprietor of furnaces in Pennsylvania and Maryland. SECRETARY TRACY has awarded the contract for building two of the new 2,000-ton cruisers to the Columbia Iron Works and Dry Dock Company, of Baltimore, at their bid of $1,225,000. They were the lowest bidders. IT was reported at Minneapolis, Minn., on the 28th ult that the Pillsbury flour mills have finally been sold to an English syndicate for the-sum of $5,250,000, and that the deal will go into effect November 1. THE Brotherhood of Locomotive Engineers, in session at Denver, Col., reelected P. M. Arthur as Grand Chief on the first ballot. JOSIAH W. KNIGHT, the oldest school teacher in Indiana, died at Evansville. on the 28th ult. He was born in New Hampshire in 1815 and has been a teacher at Evansville over forty years. THE barn of Roscoe Bros., confectioners, at Syracuse, N. Y., was burned on the 28th ult. Among the eight horses cremated was Walkill Roy, record 2:22%, valued at $5,000.


Article from The Enterprise, October 30, 1889

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Article Text

Bank Fails for $400,000. ABILENE, Kan., Oct. 29.-The Abilene bank, owned by Mayor C. H. Leobold and Colonel J. M. Fisher, suspended yesterday, creating great excitement, as it has been considered the strongest financial institution in Central Kansas. The deposits amount to $200,000, principally local. Discounts and individual loans swell the liabilities to $400,000. The firm claim to own $600,000 worth of real estate and notes and say they will pay in full if given time to realize.


Article from The Emporia Weekly News, October 31, 1889

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Article Text

Suspanded. Sr. Louis, Oct. 28.-A special to the Post. Despatch from Abilene, Kansas, says: The Abilene bank. owned by Major C. H. Lebold and Col. J. M. Fisher, suspende 1 this morning, creating great excitement, as it has been considered the strongest financial institution in central Kansas. The deposits amount to $200,000, principally local. Rediscounts and individual loans swell liabilities to $400,000. The firm claims to own $600,000 worth of real estate and notes and say that they will pay in full if given time to realize. Depreciation which has followed the boom of 1884 has steadily dragged them down. And an attempt to straighten things out by forming a loan and trust company with Senator Ingalls and other prominent men as directors failed and the bank was compelled to go. Mayor Lebold is now in the east and the bank is besieged by depositors who demand settlement. A number of business houses are sufferers and business is"practically paralyzed.


Article from The Saline County Journal, October 31, 1889

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Article Text

As Ablieme Bank Fails. ABILENE, October 28.-The Abilene bank, owned by Mayor C. H. Lebold and Colonel J. M. Fisher, suspended this morning, creating great excitement, as it has been consideered the strongest financial institution in central Kansas. The deposits amount to $200,000, principally local. Rediscounts and Individual loans swell the liabilities to $400,000. The firm claims to own $600,000 worth of real estates and notes and say they will pay in full If given time to realize. The depreciation which has followed the boom of 1884 has steadily dragged them down.


Article from Spokane Falls Review, October 31, 1889

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Article Text

A HEAVY BANK FAILURE. The Disastrous Results of a Boom in Kansas. ABILENE, Kan., Oct. 28.-The Abilene bank suspended this morning with liabilities of $400,000. It is claimed the assets are $600,000. The depreciation which followed the boom of 1884 steadily dragged the bank down and its business was practically paralyzed.


Article from Omaha Daily Bee, November 2, 1889

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The Abilene Bankers Assign. ABILENE, Kan., Nov. 1.-Lebold & Fisher made an assignment late yesterday after. noon and locked the Abilene bank's doors. Since Monday's suspension a large number of local depositors have been settled with, and it was hoped all would be satisfied. New England creditors commenced legal proceedings and an assignment was necessary. The remaining liabilities amount to $285,000. with assets which, being in west. ern lands, will come far from settling the claims when sold at forced sale.


Article from Wichita Eagle, November 8, 1889

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innuential the most are world's They -PONCO. SUNFLOWER SHADOWINGS. Seeds, Slips, Scions, Sprouts, Shoots and Slivers. Scarlet fever and diptheria arm-in-arm are making their yearly visit, A Latham farmer raised at the rate of 163 bushels of peanuts to the acre. Emporia Republican: Fort Scott is going into the manufacture of vitrified brick. Adam Bunner, of Doniphan, raised 100,000 pounds more grapes this year than last. Hill, the Colby bank defaulter, is still at large. Pinkerton detectives are on his trail. It is rumored that a syndicate of eastern capitalists are buying up coal lands in Kansas. The Osborne county flour mills are runing day and night to meet the demand of the trade. One thing may be said to the credit of the Newton soap factory, it does a clean business. Atchison and Fort Scott will now have two things to be jealous over-vitrified brick and Jay Gould. The Fort Scott Monitor is in favor of turning the Hutchinson reformatory into an insane asylum. A man doesn't feel half SO important when the cab he rides in has an election banner on the side. At Emporia they speak of a man who wears H shoe-string bout his hat as "from the paw-paw regions. Augusta has a hotel keeper who doesn't take a newspaper, and he is as unpopular as a girl with sore eyes. Perry, the blind musician who gives recitals and musical lectures, is doing the northern part of Kansas. Charles S. Gleed, of Topeka, was admitted to practice before the United States supreme court yesterday. The corner stone of the First Baptist church was laid at Phillipsburg, Tuesday with impressive ceremonies. From the way new papers are starting in Kansas the long felt want must still be empty, says the Abilene Reflector. A clever stroke of advertising on Mr. Gilmore's part is the mention six cannon in his musical programs for Kansas. Topeka Capital: "Five Kansas counties this year produced more than half as much corn as the whole state produced in 1887." Married, at Lawrence-Stewart Henry, of Denver, Col., and Miss Nellie Thacher, daughter of Judge S. O. Thacher, of Lawrence. The Railway Age says the general audiditor's office of the Santa Fe, now located in Boston, will be moved to Topeka December 1. Congressman Peters say it costs Senator Plumb $12,000 a year to live in Washington, and he is one of the "plainest livers" at the capital. The editor of the Mulvane Record is prancing around Pike's Peak at present. On Pike's Peak, this time of year, it is necessary to prance. A "portrait and biographical album of Sumner county" is being prepared, and anybody may become prominent with a reasonable amount of hard cash. Emporia Republican: Eli Perkins is lecturing in Kansas. The time Was when Eli would draw a big crowd in this state, but that was before Tomlinson developed. Keene plays at Emporia tonight. He will probably remark the absence of the whilsome peanuts, crackling in the audience. Emporia isn't the town it used to be at all. K. C. Star: Why doesn't some one give old Chief Mayes a couple of corner lots in Arkansas City? That would bring him around all right on the question of opening up the Cherokee strip. A burglar at Parsons tried to get away with a pan of milk, but somebody fired at him and made him drop it. The thief is now trying to console himself by deciding that it was chalked water. The Beattie Star says: Huskers have informed us that this fall it is not much more work and no harder to put eighty to 100 bushels in a wagon than it was to put sixty to seventy-five in last year. Several western journals printed editorials of welcome to the All-America delegates, in the Spanish tongue, and the New York Sun speaks of them as "misfit, missspelled, misprinted cigar-box Castilian." A Kansas editor objects to three meals per day and advocates one meal and "thus." he says, "do away with the eternal grind of eating." This unparallelled statement occurs in No. 8, vol. 1, of his paper. An action in equity was begun in the United States court at Topeka Tuesday against the Marion Belt & Chingawasa Springs railroad company for the appointment of a receiver. The road is eight miles long. Thorough investigation shows the liabilities of the broken Abilene bank to be $333,000. The assets consist mostly of depreciated real estate. A meeting of creditors to appoint an assignee has been called for November 27. Notarial commissions were issuedTuesday as follows: M. T. Clark, of Caldwell; M. (Bloch, of Wichita: Waldo Hancock, of Beverly: H. D. Holloway, of the Soldiers' home: John A. Moss, of St. Marys, and J. E. Baker, of Hutchison. Dr. Buck, who has charge of the silk station at Peabody, is in receipt of a letter from Belding Bros., of New York, stating that the Kansas silk which they had handied worked nicely, and that they were very much pleased with it. Thomas county, the next but one from the Colorado line, on the Rock Island's northwestern line, raised more corn than any of the entire thirty-one new counties in western Kansas. Thomas county was