6455. Argentine Bank (Argentine, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 19, 1896
Location
Argentine, Kansas (39.075, -94.672)

Metadata

Model
gpt-5-mini
Short Digest
dbceab09

Response Measures

None

Description

Bank was closed/taken possession of by the Kansas deputy state bank examiner on Aug 19–20, 1896 due to inability to collect on loans (bad paper). A receiver was sought/appointed. Newspapers mention excitement and crowds but no clear, discrete depositor run prior to suspension; sequence is a state suspension followed by receivership/closure.

Events (2)

1. August 19, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to collect on paper / bad loans and could not make sufficient collections to tide it over; officer found bank insolvent.
Newspaper Excerpt
Between 9 and 10 o'clock the deputy of the state bank commissioner posted a notice on the closed doors of the Argentine (Kansas) bank, announcing that he had taken possession and that application for a receiver would be made.
Source
newspapers
2. August 20, 1896 Receivership
Newspaper Excerpt
He placed a notice announcing that the bank was insolvent and that he would ask for the appointment of a receiver. ... Word has been received at the state house that Judge Alden of Kansas City today made an order for a receiver for the failed Argentine bank.
Source
newspapers

Newspaper Articles (17)

Article from The Morning News, August 20, 1896

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PAPER IS POOR CAPITAL. Inability to Collect Causes a Kansas Bank to Break. Kansas City, Mo., Aug. 19.-This morning the state bank commissioner posted e notice on the closed doors of the Argentine, Kansas, bank, announcing that he had taken possession, and that application for a receiver will be made. The bank was organized under the Kansas state laws, in 1890, succeeding a private bank. Its capital is $50,000. The last statement of the bank showed assets of $198,000. The deposits are given to-day at $105,000, divided among 450 depositors. Inability to collect on paper is given as the cause of the failure.


Article from The Providence News, August 20, 1896

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Kansas Bank Goes Under. Kansas City, Kan., Aug. 20.-The Argentine bank of Argentine was closed yesterday by Deputy State Bank Examiner Waterman. He announced that the bank was insolvent, and that he would ask for the appointment of a receiver. The liabilities* are placed at about $198,000, of which $122,500 is due to depositors.


Article from The Topeka State Journal, August 20, 1896

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ARGENTINE BANK FAILS. Closed by Bank Commissioner-$122000 Owed. Argentine, Aug. 20.-The Argentine bank, the pioneer banking institution of Argentine, was closed yesterday by Myron A. Waterman, deputy state bank examiner of Kansas. The bank did not open for business, Mr. Waterman taking charge ten minutes before the hour to open. He placed a notice on the door announcing that he had found the bank in an insolvent condition and would ask for the appointment of a receiver. Mr. Waterman began his examination last Monday morning. The bank, he says has some bad loans and could not make sufficient collections to tide it over. The bank's liabilities are about $193,000, of which $122,500 is due to depositors. The bank owes other banks $2,380. The assets are principally in loans and discounts, which, the officer claims, are secured by gilt edge paper, but which they cannot realize on at this time. The bank had cash amounting to $7,800 on hand. Mr. Waterman said that he was afraid the bank would never be able to pay out. The bank was one of the three depositories for the public funds of Wyandotte county, and the county is probably the largest creditor. A report which was sent by County Treasurer Benjamin Schnierle to the county commissioners last week showed that the bank had $29,795.93 on hand at the close of July. Treasurer Schnierle is out of the city today, but it was learned at his office that LO more county money had been put in the bank, and none had been taken out since the date of the report. The county is secured by a bond of $100,000. The bank was the city depository, but the city did not have more than $1,000 on deposit.


Article from Omaha Daily Bee, August 20, 1896

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ARGENTINE BANK'S DOORS SHUT. Pioneer Institution of Kansas Closed by the State Examiner. KANSAS CITY, Aug. 19.-The Argentine bank, a pioneer institution of Argentine, Kan., was closed today by Myron A. Waterman, deputy state bank examiner of Kansas. He placed a notice announcing that the bank was insolvent and that he would ask for the appointment of a receiver. The bank, he says, has some bad loans and could not make sufficient collections to tide it over. The liabilities are placed at about $193,000, of which $122,500 is due to depositors. The assets are principally in loans and discounts, which the officer says are secured by gilt-edged paper, but which they cannot realize on at this time. The bank owes other banks $2,380. It has cash amounting to $7,800 on hand. G. A. Taylor, cashier of the bank, said today that a meeting of the stockholders had been called and that an effort would be made to reorganize. He was sure that they would be successful and that the concern would pay out in full. Mr. Waterman, however, was not so confident, and he said he was afraid the bank would never be able to pay out. The officers and directors of the Argentine bank are principally Argentine men and the depositors are business men, laboring men and farmers. The closing of the bank created much excitement. Workmen left their work in the smelter and Santa Fe railroad yards and gathered around the bank hoping that it might open. The Argentine bank had been considered one of the most solid financial concerns in the state. During the panic of 1893 it met all demands and although there was a heavy demand for cash, it was one of the few banks to remain solvent. The bank was one of the three depositories for the public funds of Wyandotte county and the county is probably the largest creditor. the amount probably reaching $30,000. The bank was the city depository also, but the city did not have more than $1,000 on deposit. ROCK SPRINGS, Wyo., Aug. 19.-(Special Telegram.)-Shannon Bros., druggists, were closed today on chattel mortgage; liabilities $3,000, assets $1,000.


Article from The Salt Lake Herald, August 20, 1896

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San Francisco Board. $ 6 Alta 26 Belcher 1 05 Best and Belcher 59 Bodie Consolidated 34 Bulwer 240 Chollar 1.80 Colsolidated Cala. and Va 26 Crown Point 54 Gould and Currie 125 Hale and Norcross 54 Mexican 8 Mono 96 Ophir 94 Potosi asked 56 Savage 45 Sierra Nevada 40 Union Consolidated 8 Utah 30 Yellow Jacket -Kansas Bank Closed. Kansas City, Mo., Aug. 19.-Between 9 and 10 o'clock the deputy of the state bank commissioner posited a notice on the closed doors of the Argentine (Kansas) bank, announcing that he had taken possession and that application for a receiver would be made. The bank


Article from The News & Observer, August 20, 1896

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A KANSAS BANK FAILS. Kansas City, Mo., Aug. 19.-The Argentine Bank, a pioneer institution in Argentine, Kan., was closed to-day by Myron A. Waterman, deputy State bank examiner of Kansas. He placed a notice announcing that the bank was insolvent and that he would ask for the appointment of a receiver. The bank, he says has same bad loans and could not make sufficient calls to tide it over. The liabilities are placed about $198,000 of which $122,500 is due to depositors.


Article from Arizona Weekly Citizen, August 22, 1896

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MO 10 10010 8 SUB there punoj ecq DUE HAVE u! xod liems pus Jesej sections eqs, conditions were terrible. The whole city's sewerage. he says, is emptied into 01 100 SI epn the pus bey the carry it into the sea. Consequently the bay is, he says, a constant breeder of yellow fever. MADRID, Aug., 18-In the chamber of deputies today, Senor Canovas, president of the council, denied the statement that Duke of Tetuao, minister of foreign affairs, had read to Hannis Taylor, United States minister to Spain, the proposed circular to the powers ament the pue Chub of влода JO computer eq: relations of Spain with the American republics in general and the United States in particular. Senor Canovas an-1no the JO juemnoop ou pesunou lined had been dispatched to any government. He added that the cabinet had made detailed notes relative to the Cuban situation. At the opportune que eq pinom шпривлошеш 8 quemom mitted to the powers in order to enable JO computer the the 10 expnt 01 meqt affairs in Cuba. The Epoca semiofficially denies that sedemep JO 11!9 B S! Speju against the United States. KANSAS CITY, Mo., Aug. 19-The Argentine bank, a pioneer institution of Argentine, Kas., was closed today. UPPER RED HocK. N. Y,. Aug. 19W. J. Bryan has determined to make a pretty thorough canvass of the State of New ork, visiting each big city along the New York Central road. MIDDLEBORO, Ky., Aug. 19-Hiram Price, who killed his wife and mother-deose pus 't J uo 'xe us quith MUI-UI ed to the mountains, has been captured and lodged in Sueedville jail. Men are gathering from every direction and Price will probably be hanged shortly. SAN FRANCISCO, Aug. 19-The Western Union Telegraph company has announced a general reduction in local rates between points in California, Oregon, Washington and Nevada,to go into effect September 1. The present 40 cent eye pue cents % 07 P coupon eq IIIM 181 state rate of 50 cents to 40 cents in many instances. The reduction has been apcom. pus 01 quota paild peting points. HAVANA, Aug. 19-The relief troops take Juission the Jo search of ques which left Pinar del Rio on Sunday the punoj *edoort 10 ****** [arge 8 4114 train derailed between Bacunaga and and Taco. There had been severe Eghting with the insurgents. Six Spanish soldiers were killed, one being a lieutenant, and twenty-one wounded. The soldiers were brought here. CHICAGO, Aug. 19-Tbe Post's Washington special says: Thomas E. Watson, populist vice-presidential nominee, 18 out with another statement today. Watson says: "To expect McKinley to remain silent, without saying a word against McKinley, is something new under the sun, but Bryan's silence was proper and necessary, he could not afford to denounce protection while Sewимоия IIem 08 !! with Sajaans siq 'IIe 1910 protection B 88 "Sewell is even now acting in league secure 01 republica the 9714 tion which will levy tribute upon every American consumer of foreign goods in the selfish interest of New England 1sn! pas 'euo 19 eq moqs 10 as Sewell's presence on that ticket prevented Bryan assailing national banks 10 dootribe republica eq: pus enest 10 protection, 80 the baneful influence prevented him denouncing railroad monopoly and extortion, Sewell being a protectionist of lusty proportions himself. ag 110mg 10 the smees ?! fact "I 9 88 108 01 et the to Bryan and the Chicago platform. For instance Bryan said in one of bis speeches the other day if he should be elected the people who elected him would not be found asking favors of the government. We had notquite finished clapping hands over this statement bethe that 80 01 01682 врит SUM " Fore men backing the ticket in New Engeqq puswer THE ladd snq dares oqm citizen Дледе nodn eug 8 foreign goods which are not brought to this country in ships Sewell and his republican colleagues build." UPPER RED HOCK, N. Y., Aug. 19 Wm. J. Bryan, for the third time since Senator John M. Thurston, as alleged, enjo JO eq1 of SRM eq described owners, made an official denial, coupled with 8 challenge to the national republican committee to come out in open and accuse him or forever be silent. Bryan's attention had been called to a the controversy between Senators Stewart and Thurston and he determined tonight to settle the matter if possible. charge uedo us spuemed 1herefore °H which besays he will refute with details q of his private life and his financial atfeirs, or silence. He said tonight: "I have already denied this charge on several occasions, but the reiteration of it by Senator Thurston, 8 distin-jisn! etate UMO they 10 resident peqsin "nier" 11 01 000 sep WASHINGTON, Aug. 16-The report rom London that Lord Saliebury has telded to Secretary Oiney on the cru. ial point of the Venezuelan negotiaB -:od settled eq1 information :0 the '800' -oad eq: in that peindeip 997 10 EUDI -mg 05 88 regarder RI quartition 111 peso 1 ortan development by those interest13 eq: 01 p 12 at edg 20-A 'Snv "d S he residence of John Felbach last night L urned to death Mr. Felbach and his of hree daughters. d WASHINGTON, Aug. 20-The executive ommittee of the populist convention :8 adjourned subject to the call of the hairman. It was decided that G. R. overeign should be assigned to the sage Chicago headquarters, which will be


Article from The American Guide, August 22, 1896

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BANK CLOSED The Argentine (Kow Bank In the Hands of the Examiner. KANSAS CITY, Mo., Aug. 20.-Between 9 and 10 11. m. a deputy state bank commissioner posted a notice on the closed doors of the Argentine (Kas.) bank, announcing that he had taken possession and that application for a receiver would be made. The bank was organized under the Kansas state laws in 1890, succeeding a private bank. Its capital is 850,000. The last statement of the bank showed assets of $198,000. The deposits are given today at $105,000, divided among 450 depositors. Inability to collect on paper is given as the cause of the failure.


Article from The Wichita Daily Eagle, August 23, 1896

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WHERE IS TAYLOR? ARGENTINE BANK DEPOSITORS ARE ANXIOUS TO KNOW. Warrants are Out for His Arrest for Alleged Crookedness in Conducting the Bank's Affairs, But He is Non Est Inventus, Very Much, All Over-Suicide is Hinted at But the Knowing Ones are Not Alarmed on That Score-Other Theories to Account for His Complete and Mysterious Disappearance. Kansas City, Aug. 22.-Cashier George A. Taylor, of the suspended Argentine bank, has not appeared in Argentine since Justice Herr issued a warrant for his arrest yesterday. No positive information as to his whereabouts since yesterday morning at 7:30 can be obtained. People are divided in their opinion as to Taylor's present whereabouts. Justice Herr and others who knew him well in Argentine laugh at any suggestion of suicide. "He is not the man to commit suicide," said the justice. "He will be found and arrested." It is believed that Taylor has not gone far and that he is keeping out of reach until he is sure of bond, so that he will not be forced to lie in jail. The depositors feel very bitter against the cashier but a great many of them favor immediate efforts towards recovering some of the securities rather than the prosecution of Taylor. It is believed that there is a good amount of securities within reach of the creditors and they will try hard to get possession of them. Taylor had previously turned considerable of his personal property over to the bank examiner. BUCKLEN'S ARNICA SALVE. The Best Salve in the world foi Cuts, Bruises, Sores, Ulcers, Salt Rheum, Fever Sores, Tetter, Chapped Hands, Chilblains, Corns, and all Skin Eruptigns, and positively cures Piles, or no pay required. It is guaranteed to give perfect satisfaction or money refunded. Price 25 cents per box. For sale at Geo. Van Werden's Pharmacy, 328 N. Main street and G. Gehring's drug store, northeast corner Topeka and 1 Douglas avenues.


Article from The Topeka State Journal, August 25, 1896

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Receiver for Argentine Bank. Word has been received at the state house that Judge Alden of Kansas City today made an order for a receiver for the failed Argentine bank. The name of the receiver has not yet been filled in.


Article from The Taney County Republican, August 27, 1896

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erick Faulkner, at Lowell, Mass., was burned, on the 18th, while the family were away at the beach. The con. tents of the house are a total wreck, and the loss will exceed $125,000. The fire was undoubtedly the work of an incendiary. FIRE at Lancaster, Ky., on the 18th, destroyed all the buildings on the east side of the public square, including the post office. Loss, $30,000, twothirds of which is covered by insurance. A DISPATCH from Athens, on the 19th, said that insurgents in Macedonia had burned two villages in the Kosoni district and massacred eighty persons. AMONG the passengers on the steamer St. Paul, which sailed from New York, on the 19th, for Europe, were Senatorelect Joseph B. Foraker and Postmaster-General Wilson. THE democratic state convention assembled in Pueblo, Col., on the 19th. There was a large attendance. George Thomas, who had been looked upon as the probable candidate for governor, created a sensation by sending a formal letter to the chairman positively declining to accept any nomination from the convention. MAJ. McKINLEY denied himself to all callers, on the 19th, and devoted the hours to the work of reading the proof of that part of his letter of acceptance which had been put into type. Almost one-half the letter had been revised. ON the 19th a deputy state bank commissioner posted a notice on the closed doors of the Argentine (Kas.) bank, announcing that he had taken possession and that application for a receiver would be made. A TERRIFIC boiler explosion took place in Rockland park, Rochester, N. Y..on the 19th, where a new sewer was being constructed. Contractor Wm. Fuller was blown 100 feet and probably fatally injured. John Holliday and John A. Metzger were terribly hurt, and 20 others were slightly injured. A FRAUD order was, on the 20th, issued by the post office department against the Creditors' Beneficial association of Rockford, III. THE treasury gold reserve declined, on the 20th, to $103,932,711. The day's withdrawals were $129,700 and for the month they aggregated $7,750,000. PROF. M. A. GREEN, M. A., professor of geology of the University of Oxford, died in London on the 20th. A HEAD-ON collision occurred, on the 20th, on the Detroit, Lansing & Northern railroad, near Fowlerville, Mich., between two passenger trains. Both engines were ditched and one fireman was seriously injured. Several cars were derailed. The accident was caused by the west-bound train failing to make a siding to let the eastbound train pass. FIRE of an unknown origin, on the night of the 19th, destroyed the residence of John Felbach in Watertown, S. D. Mr. Felbach and two daughters, Tillie, aged 10, and Hattie, aged 15, were burned to death. The mother and another daughter escaped. THE Tomhicken Powder Co.'s mills at Derringer, Pa., exploded, on the 20th, killing E. J. Whitebroad and injuring Peter Shell, Oliver Ross and John Kisbach. The mills were completely wrecked, and the country surrounding was alarmed by the shock. THE funeral of Sir John Millais, president of the Royal academy, who died in London on August 13, took place in St. Paul's cathedral on the 20th.


Article from Iowa County Democrat, September 3, 1896

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ELEGRAMS IN BRIE DOMESTIC MATTERS. 'he Salvation Army is going among the bicyclists to vices. eopold Weil & Co., jewelers of City, have failed, with liabil $130,000. Carnest Crosson, a Washington, estate agent, has been mis Aug. 5. ather Martinelli was made an a and commissioned Cardinal successor. andidate Bryan opened his speaking campaign in the Tivoli, N. Y. Charles G. Raue, a distinguis sician of Philadelphia, is dead. seventy-seven years old. he largest cave in the world found under the Town of Hud It is lined with pure onyx. WO bicyclists were killed and erely hurt in Chicago Sunday by and railroad trains. linois prohibitionists have no a state ticket headed by Rev Higgs of Chicago for governor. ornelius Vanderbilt has not informed of the marriage of Cornelius jr, to Miss Grace WII he amount of money collected the Raines liquor law in New Y August 15 was nearly $11,000 he executive committee of the democratic party issued a for for the Indianapolis sound-mo vention. Argentine (Kan). bank has I by the state examiner. Its are $195,000 and assets $1 masked burglar shot and ki Curlin, saloon-keeper at L Minn., and robbed his place the state department in Washi the story that A. W. Terrell, mi Turkey, is about to resign is Cartright hotel at Creston, 10 burned by incendiaries. Some guests escaped in their ni W. Fleming. a well-known I dealer of Traverse City, Mich, Sunday while paddlin canoe. arles Potter, a famous guide Maine woods, was shot and ki Charles T. Russel, who mist for a bear. J. Phelps, minister to Great B during President Cleveland's I inistration, has bolted the Br ticket. resident Cleveland has accepted mation of Hoke Smith, to take Sept. 1. Gov. Francis of Misso him. hitehead, an Irish-American dynamiter, whose real name Murphy, was released from P prison


Article from Kansas City Daily Journal, September 27, 1896

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# COMPROMISES TO BE MADE. Receiver Perkins Instructed to Give Depositors Credit on Notes. At the request of Receiver J. S. Perkins, of the defunct Argentine bank, Judge Alden, of the district court, yesterday issued an order authorizing him to make several compromises. The receiver has a number of notes which he claims he can realize on providing a compromise is made. Two of these notes are against H. F. Riley, $500, and Hendricks & Rand, $1,000. These notes are now in the posesssion of the Merchants' bank, being held as security on a loan. Mr. Perkins claims that the makers of the notes are ready to redeem them providing they are given credit on the same for the amount of money they had on deposit at the bank at the time of its failure. The receiver was instructed to take up the notes from the Merchants' bank and make the necessary compromise. Cashier Taylor, of the defunct bank, has located at room 407, Portsmouth building, and will devote his time in any way which he can be of service in settling up the affairs of the bank. He stated yesterday that he was not working under the orders of the receiver or any one else, but decided to locate where he could be at the command of the receiver or anyone who had any business with the defunct institution. Mr. Taylor feels well pleased with the manner in which Receiver Perkins is progressing and thinks that the affairs of the concern will be satisfactorily settled within a comparatively short time.


Article from Kansas City Daily Journal, December 16, 1896

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# CASHIER TAYLOR IS FREE. Justice Sims Holds That the State Failed to Make Out a Case. Justice J. T. Sims yesterday reviewed the evidence introduced in the preliminary hearing in the case of the state against George A. Taylor and discharged the defendant. Taylor was, until August 19, cashier of the Argentine bank. On that day the bank was closed and the effects taken in charge by the state bank examiner. Shortly after the bank suspended, Taylor was arrested on a warrant on a complaint sworn to by F. L. Miller, charging the cashier with having received deposits knowing that the bank was insolvent. The deposit upon which the complaint was based was made by Miller on the 23rd day of July. After many continuances the preliminary examination was concluded last week and the case taken under advisement until yesterday. Justice Sims, in rendering his decision, stated that to justify binding the defendant over to a higher court it was necessary to show by conclusive evidence that Miler made his deposit when the bank was insolvent and that Taylor was cognizant of this fact. He held that the state had failed to establish these essentials by sufficient evidence and thereupon discharged the defendant.


Article from Kansas City Daily Journal, January 14, 1897

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ARGENTINE. The Church of Christ in Christian union will give a social to-morrow evening at the Brown & Reichert building on Strong avenue. The Ladies' Aid Society, of the M. E. church, will give a social this evening at the home of Mr. and Mrs. E. Z. McCullough, on West Silver avenue. J. S. Perkins, receiver of the defunct Argentine bank, sold the remainder of the bank's fixtures yesterday to Embry & Hughs, of Warrensburg, Mo. Mrs. C. F. Tompkins, of 835 Troupe avenue, Kansas City, Kas., will entertain the members of Captain Kingscott W. R. C. to-morrow evening at her home. City Treasurer J. E. Wiscoskie has completed his new building on West Metropolitan avenue and now occupies the entire first and second floors with his hardware stock and tinshop. Mrs. Failor, wife of Santa Fe Railway Conductor William Failor, received notice yesterday of the death of her nephew, J. Selman, of Topeka. She left last night for Topeka to attend the funeral. The Knights and Ladies of the Fireside will give a ball at Nokes' hall next Monday evening. Preparations have been made by the members of the lodge to make this "the society event of the season." The building at the corner of First street and Metropolitan avenue, owned by J. R. Matney and occupied by M. M. Enright, was almost completely destroyed by fire yesterday morning, The fire was caused by an urn used for heating water exploding. The damage to building and contents was about $800. Owing to the poor facilities with which the fire department is provided their work was not as effective as it otherwise would have been.


Article from Kansas City Journal, March 5, 1897

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MORE TROUBLE FOR THE CASHIER OF THE ARGENTINE BANK. A FUND TO PROSECUTE HIM. AFTER EXPULSION FROM HIS LODGE, HURRIED ACTION TAKEN. He Is Charged With Receiving Deposits When He Knew the Bank to Be in a Failing Condition-Series of Warrants to Be Served. City Marshal H. W. Richardson, of Argentine, left for Turner last evening with a warrant for George A. Taylor, cashier of the defunct Argentine bank. The warrant was sworn out by Meyers Hurley, charging Taylor with receiving a deposit for the bank when he knew it to be in a failing condition. Marshal Richardson returned from Turner at 1 o'clock this morning. but Taylor was not at his home. An officer was left in the vicinity, and the ex-cashier will be arrested if he returns to his home. The warrant was sworn out before Justice J. F. Trowbridge last evening about 6 o'clock and placed in the city marshal's hands for execution. The arrest of Taylor was decided upon after many long and heated conferences between several of the depositors. Ever since the closing of the bank last August there has been more or less dissatisfaction among those who had lost their money. The arrest of Taylor last fall and the trial before Justice Simms, of Armourdale, was far from satisfactory to the depositors. Taylor's "strong hold.' it was claimed, has been the fact that he was a Mason in good standing and the order was standing by him. This point in his favor was removed, however, by the members of Ben Hur lodge No. 322, A.F. and A. M., at their last meeting. when they expelled him from the lodge. This lodge was organized about five years ago, Taylor being one of the organizers and an active member. He was treasurer most of the time until the closing of the bank and had about $700 of the lodge's money on deposit. This, however, he paid to the lodge and it lost nothing. There was a large number of the lodge members, however, who were depositors, and as time passed and no dividends were declared, they began to murmur. Most of them had been assured by Taylor that the bank would pay out nearly if not quite dollar for dollar if hasty action was only deferred and he was given a chance to "explain' matters and assist the receiver. Tayfor has not been seen in Argentine for several months and rumors have been afloat lately to the effect that he had left. This has served to keep the people excited lest he should escape. The numerous reports of destitution and straitened circumstances of a number of the depositors often caused the feeling to run high. Especially was this true of Mrs. Fultz. whose husband was killed on the Santa Fe railroad last fall. She deposited the insurance money received by her from the A. O. U. W., every cent she had in the world, in Taylor's bank at his solicitation. and lost it. She has a large family of small children to take care of and no one but herself to depend on. Another case was that of a Santa Fe fireman who had his arm torn off last summer and was made a cripple for life. He had deposited his money in the bank only a few days before it failed and he was left penniless. This money he had received from the A. O. U. W. and the Brotherhood of Locomotive Engineers. Such cases as these increased the dissatisfaction of the working people of the Silver City and as a result his arrest was decided upon. There is all kind of trouble in store for ex-Banker Taylor and his future looks very gloomy. Men who were formerly Taylor's closest friends have now turned against him and will assist in his prosecution. Over a month ago a Arge number of the depositors of the defunct Argentine bank. of which Taylor was cashier. held a secret meeting and decided upon a plan of action. It was the unanimous opinion of these depositors that Tayior was guilty of mismanaging the affairs of the bank. It is charged that evidence of fraud was also unearthed A fund was at once started for the prosecution of the cashier. and nearly $700 raised. This matter has been kept a secret, as it was feared that Taylor would leave the country upon learning of the proposed prosecution. The depositors have retained one of the leading law firms in Kansas City, Kas., to assist the county attorney in the prosecution of Taylor. All the papers have been drawn up and are ready to be filed. It was not the intention of the depositors to cause Taylor's arrest until next Friday, as there were two or three of them who had not as yet signed the complaint. Among the principal depositors that have volunteered to help pay the cost of prosecuting Cashier Taylor are: The Kansas City Smelting and Refining Company and the Badger Lumber Company. The last named company lost about $2,000 in the failure of the bank. The smelting company was also caught for a goodly sum. The specific charge which Taylor will have to answer is receiving deposits after the state bank examiner had informed him that he would have to suspend business. One of the attorneys for the depositors stated yesterday that they were in possession of positive evidence to this effect. Sensational evidence of fraud is also promised. One instance where fraud will be charged is in the case of George Walker. Some time ago Receiver Perkins, of the defunct bank. brought suit against Walker to recover $150 on a note delivered by him to the bank. The note was found among the assets. The suit was brought before Justice Hughes, in Kansas City, Kas., and when Walker learned of the action brought against him he hastened to the attorneys for the receiver and informed them that he had paid the note and had Taylor's receipt for the money. The case has never been tried, but when it comes to a trial it is understood that Walker will be present with his receipt.


Article from Kansas City Journal, June 13, 1897

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ARGENTINE. Boy with horse wanted to carry papers. Call at 658 Shawnee avenue, Armourdale. Solicitor wanted to canvass for subscriptions to The Journal. Call at 658 Shawnee avenue, Armourdale. Henry Fontson was tried in Judge Trowbridge's court yesterday on the charge of assault and battery, and was discharged. All news, subscriptions, advertisements and complaints. when left at McGeorge's drug store on Metropolitan avenue, will be given prompt attention. An order was issued by Judge Alden in Kansas City, Kas., instructing receiver Perkins to pay a 10 per cent dividend to the depositors of the defunct Argentine bank. This is the first dividend that has been ordered. and the depositors are elated over the order. While it will be a very small amount compared with what they lost in the bank, yet it will be a great help to those who are out of employment. Myrtle lodge No. 19, Degree of Honor, has elected the following officers for the ensuing term: Mrs. R. A. Helferstay, past chief of honor; Mrs. Mary Atherton, chief of honor; Mrs. Cora Elliott, lady of honor; Mrs. A. Williamson, chief of ceremonies; Mrs. H. Beason. usher: Mrs. J. R. Horn, recorder: Mrs. Mary Neel, financier; J. M. Neel. receiver; Dr. J. K. Lewis and Dr. F. H. Brunig, medical examiners; Mrs. D. M. Smith and Mrs. E. M. Darby, organists. Peace lodge, No. 162. Degree of Honor, at its last meeting. elected the following officers: Letitia Peters. past chief of honor: Mrs. Belle Sparks, chief of honor; Mrs. Henrietta Appleby, lady of honor; Mrs. Mary Lapham, chief of ceremonies; J. M. Kincart, recorder; James Appleby, financier; Mrs. Clara Green. usher: Mrs. Sellman, inside watch: L. R. Robertson. outside watch; Dr. D. E. Clopper and Dr. Brunig, medical examiners.