6427. Kirby bank (Abilene, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 30, 1898
Location
Abilene, Kansas (38.917, -97.214)

Metadata

Model
gpt-5-mini
Short Digest
fcd38f8a

Response Measures

None

Description

The articles report the suspension/failure of the Kirby bank (June 1898), appointment of a receiver (July 1898), and subsequent dividends paid by the receiver. Coverage describes bad paper and large loans, indicating bank-specific insolvency rather than a rumor-driven run. No reopening is reported; receiver administered dividends, so classify as suspension leading to closure/receivership.

Events (4)

1. June 30, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank described as 'loaded up ... with bad paper' and having large loans and insufficient interest, indicating insolvency from bad assets.
Newspaper Excerpt
OTHER BANKS ALL RIGHT. Kirby Failure Has No Influence on Them. The suspension of the Kirby bank had no effect on the Abilene National or Citizens.
Source
newspapers
2. July 7, 1898 Receivership
Newspaper Excerpt
To Have a Receiver. Abilene, July 7.-The depositors' committee of the Kirby bank creditors have decided ... that a receiver should be appointed at once.
Source
newspapers
3. August 15, 1898 Other
Newspaper Excerpt
FIRST DIVIDEND AUGUST 15. ... at which will be heard the first report of the receiver of the Kirby bank and the first dividend will be ordered. It is expected that at least 25 per cent can be paid at that time.
Source
newspapers
4. February 16, 1899 Other
Newspaper Excerpt
Another Kirby Bank Dividend. Abilene. Feb. 16.-On report of Receiver Halleck the court has ordered another dividend to be paid to Kirby bank depositors of 5 per cent on all claims.
Source
newspapers

Newspaper Articles (11)

Article from Abilene Weekly Reflector, June 30, 1898

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OTHER BANKS ALL RIGHT. Kirby Failure Has No Influence on Them. The suspension of the Kirby bank had no effect on the Abilene National or Citizens. The Abilene National had today about $170,000 deposits and had cash enough on hand to pay every dollar in full, a condition of which it may well be proud. Not a dollar was drawn out on account of the failure; on the other hand it received a large access of new business. The Citizens reports that it has had no withdrawals on account of the failure but prepared to pay everybody in full if necessary.


Article from The Topeka State Journal, July 7, 1898

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Article Text

To Have a Receiver. Abilene, July 7.-The depositors' committee of the Kirby bank creditors have decided that it is impracticable to get all depositors to consent to have Kirby settle the bank affairs and that a receiver should be appointed at once. Action will probably commence this week.


Article from Abilene Weekly Reflector, July 14, 1898

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Article Text

a The Depositors to Blame. The Abilene papers say Kirby's depositors will be paid in full when the assets can be realized upon. The same old story, the same old mistake.-[Clay Center Times. It the depositors lose their money today in a state or national bank, the fault in a great measure lies with them. A bank doesn't go down in a day. Its sinking is a matter of years; and every notch she sinks is indicated in the statement of the bank which is printed three or four times a year. No banker can make a perjured statement more than once, and when the depositor day after day sees that the bank's loans and discounts are large, and when the interest account is small, that means that the bank has a lot of money soaked around in notes that can't pay their interest. When h piece of paper in a bank can't pay interest, you bet your bottom dollar it can't pay principal, and when a bank is loaded up as the Kirby bank was with bad paper, and when the statement showed it, the depositor's business was to get out quietly but quickly. The trouble with the average depositor is that he doesn't read bank statements, though the law has the statements published explicitly for his benefit. A bank could fail right under the average man's nose |and he would know nothing about it until the receiver has his sign out. The Abilene depositors are nearly as much to blame as the banker. He warned them under oath time and again to get out, but they wouldn't heed his I warnings.-[Emporia Gazette.


Article from The Advocate and News, July 20, 1898

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Article Text

Clay county will vote on a court house proposition this year. The Atchison Champion will be sold at mortgage sale July 20. Topeka's city marshal wears a badge on which it is spelled "Marshall." P.H. Halleck has been appointed receiver of the Kirby bank at Abilene. Moundridge shows it patriotism by raising $90 for the Red Cross society. Willie Sell will publish a book entitled "Life in the Kansas Penitentiary." Representative Burtis has been renominated by the Republicans of Finney county. Douglas county Democrats and Populists will name their county ticket August 20. Jewell county Populists will use the primary system to nominate a ticket this year. Lincoln has four saloons and the county is figuring on raising the price of a new jail. The Hiawatha World says that a man who can stand it to live in Troy can live anywhere. Shawnee county's income during the year ending June 30 was $99,675. Its bonded debt is $612,000. Representative Paul Russell, of Miami, was one of the first to suggest State ownership of stock yards. Republican candidates in Neosho county have been required to pay a preliminary assessment of $50 each. The Wichita Eagle puts a "Stand Back, Bill!" head on an article warning Germany to stay out of the game. W. G. Hoffer, the Sixth district Democrat nominee, is a distant relative of E. A. Wasser, of the Girard Press (Rep.). Charley Lobdell says that the State fight this year will be close and that 10,000 will be a big majority for either side. The Manhattan Republic says that he was doubtless called "Popcorn" Stanley over in Jefferson county because he is a light weight. Judge Skidmore has been renominated by the Republicans in the CherokeeLabette-Montgomery district. He has served one term. Dave Leahy says there is no law to prevent a candidate from owning a bank, but that it is no crime to vote against a banker. Perkins, of the Manhattan Nationalist, is having little to say now about Cy Leland's collar "galling the necks" of Republican editors. Dave Leahy says that the Populists should make a home rule campaign this year and that the speakers should all be residents of Kansas. Miami county will dedicate its new court house July 27. Judge David Brewer, of the United States Supreme court, will deliver the address. The Mankato Advocate figures that the poorer class pays 60 per cent. of the war tax, the middle class 30 per cent. and the rich but 10 per cent. The city of Caldwell has by ordinance established a license system for joints. It is called a beverage license. Dealers in coffee, tea, etc., are exempt. The fight for the Republican nomination for Senator in Shawnee county is between Maj Tom Anderson and Tom McNeal, of the Mail and Breeze. The talk about Major Harvey having declined the nomination for Lieutenant Governor is without foundation. It was a dull day daily newspaper story. Statistics compiled by a Topeka preacher show that of 145 lawyers in that city but forty-five attend church. The percentage is unexpectedly large. Pap Eckert, of the Arkansas City Traveler, finds fault with Congressman Botkin for letting his 15-year-old boy go into the military service because no


Article from Abilene Weekly Reflector, July 21, 1898

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Article Text

FIRST DIVIDEND AUGUST 15. Special Court Term for Benefit of Creditors. A special term of district court has been called for August 15, thirty days notice being required by law, at which will be heard the first report of the receiver of the Kirby bank and the first dividend will be ordered. It is expected that at least 25 per cent can be paid at that time. Bank Commissioner Breidenthal is to be here tomorrow to turn over the assets of the bank to the receiver.


Article from The Topeka State Journal, November 26, 1898

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Article Text

IN TWO BANK FAILURES. Abilene Santa Fe Conductor Has a Hard Run of Luck. Abilene, Nov. 26.- - When the Kirby bank at this place failed a Santa Fe conductor of a saving turn had therein the savings of years, a sum amounting to something better than $2,000. His faith, of course, was somewhat strained in the solidity and safety of Abilene banking institutions by the experience, and when he got his first 45 per cent he took his money, about $1,000, out of town and deposited it with the First National bank of Emporia, which was generally regarded as a gilt-edged institution. Now that has gone.


Article from The Advocate and News, December 7, 1898

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Article Text

entirely of this land, and none of it was acquired out of the income from his office. Ex-State Senator Meachem, of the Jewell-Mitchell district, was killed last week on a train in Colorado. He was passing from one coach to another and after falling was ground to pieces on the rails. The Kansas City Gazette (Rep.) says that it is general gossip that the Republican national committee "blowed several thousand dollars among the can rushers and joint loafers of this city in the past two years." In giving the number of Populists and Republicans elected from each Congressional district, J. C. Starr, of the Scott City News-Lever classes himself as a Populist notwithstanding the fact that he was elected by Republican votes. An increase of pay for privates in the army was demanded in the last Populist platform and the government is getting ready to ask Congress to make the increase. It is said to be impossible to secure enlistments at the present scale. Jim Fike, who engineered the Hoffer deal, wants to be Railroad Commissioner, Jim has voted and worked for the Republican ticket oftener since 1890 than any other Democrat in the State and ought to be recognized by Stanley. Ex-Chief Justice Horton used to be a Democrat. Ingalls ran twice on a Democrat ticket. Senator Lucien Baker supported the Democrat nominee for Governor in 1890. John Seaton was indorsed by the Democrats for the Legislature once. Frank Nelson has appointed ex-County Superintendent D. W. Little, of Wallace county, as Assistant State Superintendent. A. V. Lindall, of Topeka, will be bond clerk and Miss Rudolph, of Abilene, a niece of J. R. Burton, will be stenographer. A fool Republican paper refers to Grant Gillett, the bankrupt cattleman, as a Populist. As a matter of fact both Gillett and Cross were radical Republicans and did not belong to the party composed of "business failures and incompetents." Topeka papers talk in plain English about the saloons which are running in that city. The whole thing is under the control of Republicans who were making all kinds of noise a few months ago because Leedy's metropolitan police did not enforce the law. The Washington Watchman has been sold to Veatch & Son, the present publishers of the Post-Register, and the two papers will be consolidated. This leaves Washington county without a Populist paper. George Higgins will stay with the paper temporarily. Westmoreland is figuring on securing a railroad from some point on the Union Pacific on the north. Bonds will be voted if possible and the road is to be in operation July 1. It is the only county seat in eastern Kansas which does not have some kind of a railroad. A Santa Fe conductor had $2,000 in the Kirby bank at Abilene. It failed and he got 45 per cent. of it. This he deposited in the First National at Emporia. It has now failed, and he don't know where he is at. He may insist on voting for postal savings banks next time. The second and third battalions of the Twentieth Kansas arrived at Manila December 1. All were well and no deaths occurred on the trip. The first battalion, under command of Lieutenant Colonel Little, is about ten days behind and is now somewhere between Honolulu and Manila. Henry A. Young, son of Senator Henry W. Young, has been appointed as a cadet at West Point by Congressman Ridgely. If he possesses the earnestness and determination which are characteristics of his father he will have no difficulty in accomplishing the work ahead of him in a creditable way.


Article from Shoshone Journal, January 20, 1899

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Hard Luck Story from Kansas. When the Kirby bank failed in Abilene a Santa Fe conductor had in it $2,000, which represented the savings of many years. In the course of time he received $1,000 in dividends from the bank receiver, and this sum he deposited in the Cross bank of Emporia, which in turn failed.


Article from Blackfoot News, February 11, 1899

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Ward Luck story from Kanona. When the Kirby bank failed in Abilene a Santa Fe conductor had in it $2.000, which represented the savings of many years. In the course of time he received $1,000 in dividends from the bank receiver, and this sum he deposited in the Cross bank of Emporia, which in turn failed.


Article from The Topeka State Journal, February 16, 1899

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Another Kirby Bank Dividend. Abilene. Feb. 16.-On report of Receiver Halleck the court has ordered another dividend to be paid to Kirby bank depositors of 5 per cent on all claims. The bank is paying out more than many thought possible.


Article from The Neihart Herald, February 25, 1899

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Hard Luck Story from Kansas. When the Kirby bank failed in Abilene a Santa Fe conductor had in it $2,000, which represented the savings of many years. In the course of time he received $1,000 in dividends from the bank receiver, and this sum he deposited in the Cross bank of Emporia, which in turn failed.