6431. Lebold, Fisher & Co. (Abilene, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
October 1, 1888*
Location
Abilene, Kansas (38.917, -97.214)

Metadata

Model
gpt-5-mini
Short Digest
b1f3a3ce

Response Measures

None

Description

The bank suspended in October 1888 and never resumed operations. Newspaper items from 1893–1894 describe the assignee (John Johntz/Johutz) selling remaining assets at auction and declaring final dividends, indicating permanent closure and administration by an assignee/receiver. No run is described in the provided articles.

Events (5)
1. October 1, 1888* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended (failed) in October 1888; articles refer to the bank as defunct and in the hands of an assignee, implying insolvency or failure rather than a temporary liquidity run.
Newspaper Excerpt
the Lebold, Fisher & Co., bank at Abilene, which suspended in 1888
Source
newspapers
2. December 21, 1893 Receivership
Newspaper Excerpt
The Abilene bank assets of Lebold, Fisher & Co. will be sold Jan. 22 by Assignee John Juhntz.
Source
newspapers
3. January 25, 1894 Other
Newspaper Excerpt
A painful reminiscence of boom days was the sale at auction of personal securities belonging to the Lebold, Fisher & Co. property by Assignes John Johntz in the district clerk's office today. ... The creditors of the bank have since the failure in Oct. 1888 received 3 per cent dividend. After the present sale another dividend will be declared.
Source
newspapers
4. February 2, 1894 Other
Newspaper Excerpt
The assignee of the Lebold, Fisher & Co., bank at Abilene, which suspended in 1888, recently sold at auction all the remaining assets ... which brought $1,590.95. Creditors received three per cent. and may get two per cent. more.
Source
newspapers
5. November 16, 1894 Other
Newspaper Excerpt
Assignee John Johutz of the defunct bank of Lebold, Fisher & Co., announces that he will pay dividends of four and six per cent on the estates of Fisher and Lebold. These are probably the final dividends ... The individual estates have paid 10 per cent. but the company only 3 per cent.
Source
newspapers

Newspaper Articles (6)
1. December 21, 1893 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, December 21, 1893

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Article Text

RECENT REFLECTIONS. -Dan Hornaday says the present State administration is on its last legs. -Harry Morley, Jefferson township, lost two heifers last week from running in the cornstalks. -Mrs. Hickey, the Chapman woman who has been in jail for liquor selling, was released today. -Wm. M. Purdy, of Abilene, and Laura Blanchett, of Herington, have been granted a license to wed. -John Mallaly who had so pernicious a habit of getting goods by impersonating someone else, was released from jail yesterday. -Mr. and Mrs. W. H. Anderson are moving from the Johns house just purchased by G. G. Huffman to rooms over Shane & Emig's. -Solomon City announces that at its next hop the "butterfly swing" dance will be one of the floor evolutions. It ought to prove very attractive. -Janitor Holzworth, of the court house, is building a storm _shed over the doer of the engine room of the jail, a much needed improvement. -Supt. Shirk's' new paper, School and Home, for December shows a decided advancement. It will be an invaluable aid to the educational interests of the county. -Grant Gaines, formerly of the county high school, has gone east to get married. When he returns he will take D. D. Hornaday's place in* the State house in Topeka. -D. D. Hornaday is enjoying a "snap." Although he has been discharged from the State superintendent's office his salary goes on until Jan. 1st but he is not working any. -The Fortnightly enjoyed progressive whist, dancing and a delectable lunch at the home of Mr. and Mrs. O.L. Moore last evening. The club meets next with Mr. and Mrs. J. B. Warfield Dec. 26. -The Abilene bank assets of Lebold, Fisher & Co. will be sold Jan. 22 by Assignee John Juhntz. The list of notes, stocks, mortgages etc. would about fill this paper if printed in fine type, but it would make "mighty interestin' readin'." -Districts No. 81, 61, 21, 36, 42, 53 and 49 have fine new school houses erected this season. The moral effect on the pupils has been already been observed. Pleasant surroundings are necessary in order to reach the highest development of the finer, purer nature. -[School and Home. -Solomon Sentinel: The county commissioners of Saline located the site for the new bridge over the Solomon river last week. It is about 50 feet south of the Union Pacific railroad bridge. This new route will be quite a boon to farmers living due west and northwest of our city and is expected to be ready for use next April. -In a decision against the Kansas Farmers Fire Insurance company the supreme court has just decided that. "Where & dwelling house is insured and the policy by mistake, misdescribes the land on which the house is situated this will not of itself affect the risk, or render the policy void and it is not necessary to reform the policy in case of a loss to recover thereon." -A large life like photograph in Forney's show case which attracts much attention and is greatly admired is that of Mr. and Mrs. J.S. Troxel, two of Dickiuson's popular and handsome young people. Mrs. Troxel is in her bridal array, while her husband sits near reading with pleased expression the notice of their marriage in the DAILY REFLECTOR. It is evident that Mr. Troxel knows a good thing when he 8008 it and a couple that starts out with such good literature in the family cannot help prospering. -A letter just received from Capt. Wm. Waring, with whom REFLECTOR readers have become acquainted through his excellent letters to this paper, tells of the burning of his ship while passing through Suez canal, Nov. 1. The ship was loaded with sugar and was proceeding through the canal by electric light when it was found to be on fire. Although fire boats filled the hold with water the ship continued to burn like coal and was destroyed. Capt. Waring lost all his clothing, instruments and many valu able curios which he was taking home. He will probably take charge of another vessel. Mr. J. P. Blaize, an extensive real estate dealer in Des Moines. Lowa

2. January 25, 1894 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, January 25, 1894

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Article Text

VANITY OF VANITIES. Fortunes of Former Days Go for Mere Trifles. A painful reminiscence of boom days was the sale at auction of personal securities belonging to the Lebold, Fisher & Co. property by Assignes John Johntz in the district clerk's office today. The long lists of "prom issory notes with big round figures and the names of citizens in those days supposed to be good for the amounts named attached, were were highly edifying. Mr. Johntz acted as auctioneer and knocked the securities down without reserve in blocks of three to five. During the morning personal notes due the firm aggregating $145,000 were sold for a total of a little over $300. The two largest debts to the bank were those of C. G. Bessy and J. M. Dickey. The former's notes secured, some of them, on mythical cattle, amounted to $22,000. The whole package was sold to J. P. Campbell for $1. J. M. Dickey's obligations for $18,000 were sold for $14 also to Mr. Campbell, who was the largest purchaser of securities during the day. Coupons, overdue first and second mortgages and stock in various companies follow after the notes, all making an aggregate running up close to half a million dollars. About the most poignant regret that is expressed among the onlookers at the sale is that they did not get some of the big loans while they were going. The creditors of the bank have since the failure in Oct. 1888 received 3 per cent dividend. After the present sale another dividend will be declared.

3. February 2, 1894 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, February 2, 1894

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Article Text

KANSAS STATE NEWS. Noted Insurance Cases. The first three of the noted cases known as the Norwood fire insurance cases were concluded in the United States circuit court at Wichita the other evening with a verdict for the plaintiffs for the full amount claimed. Most of the more prominent insurance companies of the country are among the defendants O. F. and E. R. Norwood, with a stock of general merchandise at Larned, valued at $50,000, took out about $40,000 worth of insurance in various companies in 1891. A year later their building and stock were destroyed by fire. All the companies simultaneously refused to settle, basing their refusal on the ground that the goods were old and not worth the amount represented. Died for His Mother. Orey Tabing was shot and killed at Leon the other night by Bruce Sowers. Tabing's mother and father separated some time ago and Sowers had become attentive to the woman. Young Tabing notified Sowers that he would shoot him if he did not cease such attentions, and finding his mother and Sowers together attempted to carry out his determination, but his bullet failed tc hit Sowers, and the latter, drawing his pistol, both commenced shooting and young Tabing was killed. Sowers surrendered and was taken to jail at Eldorado. Feeding Wheat to Hogs. Feeding wheat to hogs with profit is a new thing in Kansas, but that is what is being done in Harper county, and the chances are that farmers generally will dispose of their surplus wheat in that way in the future. Already the experiments made are at tracting a great deal of attention. The experiments of W. H. H. Freeman. a farmer, has demonstrated the fact that ground wheat fed to hogs is more profitable than selling it at present prices. New Ruling on Joints. In the district court at Salina Judge Thompson recently made a new decision concerning the punishment for which joint-keepers are liable. Heretofore a jointist who was convicted of selling liquor was released upon payment of $100 fine, but under the new ruling made by Judge Thompson the keeper of a place where liquor is sold is liable to the penalty of $100 fine and thirty days in jail. Another Crank. During the recent meeting of the State Bar association in Topeka a crank named J. Burton Jones, from near Junction City, created a sensation by threatening the lives of all the law. yers and trying to get into the assembly. He said they had taken all his property and he "had no use for them." He was unceremoniously fired. Statistician Dead. J. C. Hubbard, a well known Kansan, formerly private secretary at Washing ton for Congressman Jerry Simpson died suddenly at Topeka the other day of Bright's disease. He was one of the best statisticians in the country, and was a principal compiler of "The History of Kansas," said to be the larg. est single book ever printed. Kansas Lawvers. The State Bar association held its eleventh annual meeting at Topeka or the 25th. The association was organ ized in 1883 by the judges of the district courts of Kansas. Judge Horton was the first president and was twice re-elected. Nearly all the prominent lawyers at the Kansas bar are mem bers of the association. Sad Death. Mrs. Mary Kegley. of Leavenworth. was recently sitting by the stove with her babe on her lap when her clothes took fire. She laid the baby on the bed and ran out the house calling for help, but before it arrived she was terribly burned and died soon after. She was 24 years of age and leaves three little children. Hanged Himself. Phillip Shoemaker, a prominent citizen of Independence, hanged himself in a barn on his farm near that city the other day. He was an active mem ber of the Presbyterian church, besides a prosperous business man, and the only reason that could be assigned for the deed was temporary insanity. Bad Lot of Assets. The assignee of the Lebold, Fisher & Co., bank at Abilene, which suspended in 1888, recently sold at auction all the remaining assets, consisting of notes. judgments, etc., to theamount of $270,300.63, which brought $1,590.95. Credit ors received three per cent. and may get two per cent. more. School Funds. The state school fund commissioners have made another investment of $30, 000 for the benefit of the school fund by the purchase of first-class bonds Of this amount $10,000 was invested in court house bonds of McPherson county, and the balance in school district securities. Minor State News. Dr. S. F. Neeley has filed his bond as United States marshal and it has beer approved.

4. February 2, 1894 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, February 2, 1894

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Article Text

The assignee of the Lebold, Fisher & Co., bank at Abilene, which suspended in 1888, recently sold at auction all the remaining assets, consisting of notes. judgments, etc., to the amount of $270,300.63, which brought $1,590.95. Credit ors received three per cent. and may get two per cent. more.

5. November 17, 1894 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, November 17, 1894

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Article Text

The Final Dividends Small. ABILENE, Kan.. Nov. 16.-Assignee John Johutz of the defunct bank of Lebold, Fisher & Co., announces that he will pay dividends of four and six per cent on the estated of Fisher and Lebold. These are probably the final dividende, as no more property remains except some unsalable real estate and some property in litigation, most, if not all, of which will be required to pay the assignee, and such trust funds as have been established. The individual estates have paid 10 per cent. but the company only 3 per cent. The liabilities were about $300,000. Lebold is now running a small real estate agency in Austin, Texas, and Fisher is on a ranch in Durango, Mexico.

6. November 23, 1894 The McCook Tribune McCook, NE
Article from The McCook Tribune, November 23, 1894

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Article Text

The Final Dividends Small. ABILENE, Kan., Nov. 16.-Assignee John Johutz of the defunct bank of Lebold, Fisher & Co., announces that he will pay dividends of four and six per cent on the estates of Fisher and Lebold. These are probably the final dividends,as no more property remains except some unsalable real estate and some property in litigation, most, if not all, of which will be required to pay the assignee, and such trust funds as have been established. The individual estates have paid 10 per cent, but the company only 3 per cent. The liabilities were about $300,000. Lebold is now running a small real estate agency in Austin, Texas, and Fisher is on a ranch in Durango, Mexico.