6458. Argonia State Bank (Argonia, KS)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 15, 1896
Location: Argonia, Kansas (37.266, -97.766)

Metadata

Model: gpt-5-mini
Short Digest: b2401444

Response Measures

Full suspension, Books examined

Description

A run/withdrawal panic followed the failure of the Sumner (Summer) National at Wellington in mid-May 1896; officials closed doors and summoned the bank commissioner, who found the bank solvent and initially refused to take charge. The bank briefly resumed business after a July 1896 closure but later suspended again (Sept 26, 1896) under the commissioner; by March 1897 a receiver (B. J. Sheridan) was appointed and the bank was being wound up with dividends declared. Sequence: run -> suspension(s) -> eventual receivership/closure.

Events (6)

1. May 15, 1896 Run

Cause: Local Banks
Cause Details: Run triggered by panic/uneasiness after failure of the Sumner (Summer) National bank at Wellington
Measures: Officials refused to open vaults and closed the bank; sent for the state bank commissioner.
Newspaper Excerpt: The failure of the Summer National bank at Wellington yesterday, caused considerable uneasiness among the depositors of the Argonia State bank ... fearing that a run was going to be made on the bank, closed its doors
Source: newspapers

2. May 16, 1896 Suspension

Cause: Local Banks
Cause Details: Closed by officers in response to depositor panic following Wellington bank failure; commissioner later found bank solvent and refused to take charge.
Newspaper Excerpt: Argonia State closes ... Cashier W. W. Morris, fearing that a run was going to be made on the bank, closed its doors and notified the bank commissioner.
Source: newspapers

3. July 1, 1896* Reopening

Newspaper Excerpt: The institution was closed in July last, during the excitement caused by the failure of a national bank at Wellington, but soon after resumed business.
Source: newspapers

4. September 26, 1896 Suspension

Cause Details: Closed and placed in charge of the state bank commissioner; reported assets about $12,000 (specific trigger not detailed in snippet).
Newspaper Excerpt: Argonia, Kas., Sept. 26.-The Argonia State bank has closed its doors and is in charge of the state bank commissioner.
Source: newspapers

5. March 4, 1897 Receivership

Newspaper Excerpt: J. Sam Brown has been removed as receiver of the Argonia State bank and Barney Sheridan ... has been appointed to succeed him.
Source: newspapers

6. September 23, 1897 Other

Newspaper Excerpt: Receiver B. J. Sheridan has declared a dividend of 33} per cent of the outstanding liabilities ... When the Argonia State bank failed, it paid 25 per cent cash to its depositors and gave three certificates of deposit ... Mr. Sheridan has declared a dividend on these outstanding liabilities of the bank.
Source: newspapers

Newspaper Articles (16)

1. May 16, 1896 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, May 16, 1896

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ARGONIA STATE CLOSES, TOO It was Effected by the Closing of the Sum ner National. A message from Argonia yesterday announced the closing of the State bank of that city. Further information from there says: The failure of the Summer National bank at Wellington yesterday, caused considerable uneasiness among the depositors of the Argonia State bank of this city, and Cashier W. W. Morris, fearing that a run was going to be made on the bank. closed its doors and notified the bank commissioner. Mr. Morris desired that all should share alike, and did right in closing the bank. Some of the stockholders of the bank here are stockholders of the Sumner National. The assets of both banks

2. May 19, 1896 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, May 19, 1896

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No Receiver at Argonia. Bank Commissioner Breidenthål has written a circular letter to the creditors of the Argonia State bank, which was closed a few days ago, stating that he cannot make the necessary affidavit that the bank is insolvent so that a receiver may be appointed. He recommends that the present officers be allowed to remain in charge of the bank and that creditors accept pay in 25 per cent installments of three, six and nine months. He says this will avoid an expensive receivership.

3. May 20, 1896 The Advocate Topeka, KS

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Alma. The Argonia State bank closed its doors Friday. Judge Almerin Gillett died at Kansas City May 15. Osage and Butler county Democrats are for free silver. A new national bank has been opened at Holton. General rains were reported all over the State last week. The female city government of Ellis is closing the joints. The 'Frisco eating house at Burrton was burned May 12. A Dickinson county man has B clock which is 200 years old. The Sumner National bank of Wel lington has suspended. The McPherson Opinion is for Jerry Simpson for Congress. A severe wind storm struck near Moundridge last week. The Cherryvale Populist is for Senator King for Governor. Topeka has a Park Commissioner. The office was recently created. The Stafford's People's Paper is for Jerry Simpson for Congressman. The Reform Press Association will meet at Clay Center June 5 and 6. The Northeast Kansas Editorial Association met at Hiawatha May 12. The musicians of Smith and Philips counties have organized a brass band. The Topeka waterworks were sold at foreclosure sale Saturday for $525, 000. An Emporia boy committed suicide because his father wanted him to go to work. Senator Scott of lola is the Republican candidate for Elector from the Second district. The annual conclave of the Kansas Knights Templars was held at Lawrence last week. Cy Leland don't intend to hold the Republican State convention until the middle of August. The anti-Buchan faction in Wyandotte county will, it is said, support Burton for Senator. The semi-annual meeting of the State Horticultural Society will be held at Iola June 11 and 12. Riley county Democrats instructed for John Martin for delegate, and passed 16 to 1 resolutions. The Missouri Pacific shops at Osawatomie are experimenting with gas for fuel in the place of coal. The Beattle Eagle is so well satisfied with Leland as Governor that it wants him nominated for the place. No Kansas Populist editor should miss the meeting of the Reform Press Association at Clay Center, June 5 and 6. The Democrat convention in the Fourth district, which had been called at Emporia May 19, has been postponed. A candidate for Governor of Mis

4. May 21, 1896 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, May 21, 1896

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"A HANDFUL OF DIRT MAY BE A HOUSEFUL OF SHAME." CLEAN HOUSE WITH SAPOLIO Argonia, Sumner county. He says he found the bank in fairly good shape and with no reason for failing. On the morning after the Wellington bank closed a crowd gathered around the Argon. da bank, with the purpose of making a run. The bank officials refused to open the vaults and sent for Breidenthal who found the bank solvent and refused to take charge.

5. May 23, 1896 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, May 23, 1896

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REFUSED TO TAKE CHARGE. Bank Commissioner Breldenthal Would Not Let a Kansas Bank Fail. TOPEKA, Kan., May 20.-Bank Commissioner Breidenthal has refused to take charge of the suspended bank at Argonia, Sumner county. He says he found the bank in fairly good shape and with no reason for failing. On the morning after the Wellington national bank closed a crowd gathered around the Argonia bank, with the purpose of making a run. The bank officers refused to open the vaults and sent for Breidenthal, who found the bank solvent and refused to take charge.

6. September 26, 1896 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, September 26, 1896

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ANOTHER BANK SUSPENSION. Argonia, Kas., Sept. 26.-The Argonia State bank has closed its doors and is in charge of the state bank commissioner. The total assets of the bank are about $12,000. The institution was closed in July last, during the excitement caused by the failure of a national bank at Wellington, but soon after resumed business.

7. September 27, 1896 The Houston Daily Post Houston, TX

Article from The Houston Daily Post, September 27, 1896

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DOMESTIC. Harry Goldsmith kills James Goldston in New Orleans, and then blows his own brains out. The Argonia, Kan., State bank suspends. National prison congress in session at Milwaukee.

8. October 8, 1896 People's Voice Wellington, KS

Article from People's Voice, October 8, 1896

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school house in South Haven township on Tuesday, October 13th, at 8 o'clock p. m. Music by the South Haven glee club. "I have been taking Hood's Sarsaparilla for indigestion and have found it beneficial. It enables me to eat food that Icould not before taking it." Mrs. Chettie A. Howard, Rossville, Kansas. Hood's Pills are prompt and effcient. I want all the turkeys and ducks and eggs that it is possible to get. Eggs, 11 cts cash, turkeys, 5cts, ducks 5 cts, springs, 11 @ 21 @ 41 cts, hens 4 cts, young cockrels 3 @ 4 ets, young cocks 4 lbs and over, 3 cts, pigeons per dozen, 50 cts.-J. M. MCKEE. A silver club was organized at Perth last week. The officers were President, E. Fuss; Secretary, J. M. Richards: Treasurer. E. Fuss. The following township ticket was put in nomination: Trustee, E. Mickley; Clerk, Wes Whaley; Treasurer, C. M. Pratt. Mr. and Mrs. R. L. Collins are in Oxford for a few days visit with relatives and friends. They now bail from Kansas City, where Robert is practicing his profession. His eye, of which it was for a long time feared he would lose the sight, is much improved and will eventually be as good as ever.-Oxford Register. Register of Deeds W. M. Jackson filed his report of fees collected for the quarter ending September 30th, 1896, this morning. They amount to $645.90. Theregister is allowed $300 per quarter,and one-half of the excess, which netsthe county $172.95 for the three months past. The fees of this office are gradually shrinking. Rev. Geo. Kettering, pastor of the Congregational church at Alma, Waubaunsee county, was here Thursday. He was called to Perth by the serious illness of his father, C. r Kettering. The latter is an old setS tler in Sumner county, being 70 years e of age. He was taken sick a week ago with malariaand alight stroke of paralysis. Services at the Baptist church next Sunday is as follows: Sunday school 9:30 a. m.; preaching 11 a. m.: theme, "Am I my Brother's Keeper?" Junior Endeavor 3 p. m.; Senior Enndeavor 6:30 p. m.; Preaching 7:30 p. m.; subject Old People's Sermon, prayer meeting Thursday evening 7:30. Ev. eryone welcome.-H. A. Doughty pastor. Ordinarily about one thousand bushels of wheat is considered a good days threshing, but one day last week Peter Bishop and his crew run through their machine just exactly two thous and and sixteen bushels of wheat. It was done between sunrise and sunset The wheat averaged about twenty four bushels to the acre and is owned by Ed. Barner, one of our many suc cessful valley farmers.-Belie Plain Defender. J. L. Kellogg, who was county treas urer of Sumner county in the 70's was here Thursday. His home is nov in Lincoln, Neb. He went from her to New York, where he resided sev eral years, and through fortunat speculations became quite wealthy He is now a large holder in the stocl of several national banks. He ha some land in this county. He was Democrat while here but became Republican soon after he left here and will vote this year for McKinley we are told. Hon. John W. Briedenthal came i on the Rock Island Wednesda morning and went out to Argonia a 10 o'clock to take charge of the Argo nia State bank. The bank failed t make its collections to meet its secon assessment and will now have to g through the regular procedure 0 closing its affairs up. Mr. Brieder thal spent the forenoon in consulta tion with Populist committee official He reports the outlook very bright but warns the people against ove confidence. We must get every vote

9. March 4, 1897 People's Voice Wellington, KS

Article from People's Voice, March 4, 1897

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home Saturday morning. Henry Bowers has resigned his position as night engineer at the waterworks and accepted a position with the Curtis Mercantile Co. Rev. E. A. Hoyt of the First M. E. church, has been secured by James Shields Post No. 57, to deliver the oration on Memorial Day. School report blanks for sale at the VOICE office, first door east of Postoffice, at 75 cents per hundred: in less tf quantities at 1 cent a piece. Miss Maude Alexander of Parsons, who has been visiting the family of her uncle, R. J. Smith, some weeks, returned home last Saturday. Prof. R. E. Hieronymous returned to Eureka, Ill., on Monday, after a pleasant visit here with the families of Mrs. H. J. and Will Frantz. Miss Ruth Dillon returned to her home in Wichita on Monday after a pleasant visit of a few days with Mrs. A. Graff and Mrs. F. A. Amsden. R. W. Patterson, owner of the State National bank building, was in the city Monday on his way home to La Junta, Col., from Texarkana, Tex. Jack Frable has secured a position with the Jett & Wood wholesale grocery house of Wichita. He left Sunday to assume his position Monday. Mr. and Mrs. Park Mumaw stopped in the city Thursday on their way from Illinois to Medicine Lodge, the guests of Mr. and Mrs. V. C. Sleeper Wanted, agents to sell in all parts 0) the United States, toilet articles o the highest grade. For further particulars address Parisian Toilet Co. Two pounds good cof fee for 25 cents at Wyat Bros. George H. Bloom went to Medicine Lodge Saturday morning to spend week visiting his brother and viewing the topography of Kansas farthe west. Major W. P. Hunter of Sout Haven was in the city Friday and tool home with him the apportionment o school funds for District 184, of which he is treasurer. The recent grand lodge, A.O.U.W. reduced the membership limit to 1 years and enacted laws whereb members may carry either one or tw thousand dollars insurance. A good, old-fashioned "grandma was at the union depot last Thursday with her clay pipe, contentedly puf fing away. She came in from th north and went on to Caldwell. J. Sam Brown has been removed a receiver of the Argonia State bank and Barnev Sheridan, receiver of th First and Sumner National banks, ha been appointed to succeed him. School report blanks for sale at the VOICE

10. March 25, 1897 People's Voice Wellington, KS

Article from People's Voice, March 25, 1897

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senger agent of the Illinois Central railroad at Decatur, III., was in the city Sunday and Monday visiting his brother, J. C. Peniwell, and family. A letter from Mrs. Crane to her nusband, S. Crane, from Eureka, Ark., states that there is no change in her father's condition. He is able to sit up, but is otherwise a helpless paralytic. John Richardson returned Sunday morning from Chicago, where he had been buying spring and summer goods for Richardson & Co. Mrs. Richardson met him at Winfleld and returned with him. Be they new or be they tough, all bicyclists have broken skin enough to warrant a purchase of Beggs' German Salve, and he is wise as Solomon who trusts its healing power. Kept by H. F. Smith. 4t7 The Anneck Jans heirs are again stirred up. They have heard from Cleveland, O., agaiu in regard to the estate, calling upon them to close up the stock and get ready to receive riches.-Eagle. J. T. Stonehocker and S. R. King were up from Bluff township Friday. Mr. Stonehocker has lived in Oklahoma two years but did not like it. He is now farming Judge Doubleday's home place. T.B. Hubbard was up from Medford, O.T., Monday. He reported that exSheriff Tom Adams was thrown from a horse Sunday morning and sustained a fracture of the right arm above the elbow. Since the distribution of the postoffice pie in Kansas has been left to Lucien Baker, the local postoffice fight has taken on a different aspect. Harry Loper is said to have a genuine horse laugh up his sleeve. Dr. J. L. Houseworth was in the city Friday night visiting friends. He left next morning for his home in Milan. He is a recent graduate from the Keokuk Medical college, and carried with him a diploma just issued. Miss Lucile Stipp was given a birthday party Friday evening by her parents, Mr. and Mrs. Geo. W. Stipp, in honor of her twelfth anniversary. A score or more of her young friends were invited and the occasion was an enjoyable one. Seventeen policies for $1,000 death insurance and $5 weekly indemnity have been written in favor of the members of the Wellington Fire Department. The premiums are kept up by the insurance companies doing business in the city. "Success is the reward of merit" not of assumption. Popular appreciation is what tells in the long run. For fifty years, people have been using Ayer's Sarsaparilla, and today it is the blood purifier most in favor with the public. Ayer's Sarsaparilla cures. Mr. A. C. Huckelbridge of Belle Plaine, and Miss Bertha Reed of this city, were united in marriage Wednesday evening at 7 o'clock at the home of the bride's parents, Mr. and Mrs. A. Grimsley, on North Jefferson avenue, by Rev. H. A. Doughty, pastor of the Baptist church. There is no reason why one should have a coughany length of time. All that is needed to allay soreness of the throat or to free the bronchial tubes from irritating mucus is Ayer's Cherry Pectoral. It is a wonderful cough cure, and should be in every medicine chest. Billy Bolton, the Woodward publisher, was in the city Friday on his way to St. Louis in the interest of his Live Stock Inspector. Bolton bas worn out SO many pasteboards for the Santa Fe that they have presented him with an aluminum pass, warranted never to wear out. Barney Sheridan, receiver of the Argonia State bank, was here yesterday and in company with M. L. Haworth, drove to the country to see a farm that belongs to the bank. Mr. Sheridan seems to be giving much better satisfaction than J. Sam Brown, the former receiver.-Clipper.

11. May 29, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, May 29, 1897

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# In Towns About Wellington. From the Daily Mail. Chuck Rothrock, C. Markley, Clint Howe, Claude Whitfield, George Howe and Roy Shinliver propose going to the Chikaskia on a fishing expedition tomor- row. The more the judgeship question is dis- cussed the more general appears to be the demand for a man who is a lawyer in fact as well as in name for that position. There seems to be considerable com- plaining among those interested in the assets of the Argonia State bank about the management of that institution un- der J. Sam Brown as receiver. Joel J. Booth and daughter, Miss Madge, came down from Conway Springs this morning. He brings the intelligence that all that section of the country was visited by a good, heavy rain last night. After making an extended drive through the country yesterday, W. A. Renr. and A. A. Richardson say that no country on earth ever produced the equal of the present wheat crop of Sumner county. A. C. Lambe has received official noti- fication that he will be expected to as- sume his duties as steward of the deaf and dumb asylum at Olathe on July 1st. The position pays $720 with board and keep for himself and family.

12. September 2, 1897 People's Voice Wellington, KS

Article from People's Voice, September 2, 1897

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John Richardson returned from the east Tuesday. He had been buying goods for Richardson & Co. Six hundred dollars has been suba scribed toward the building of Methodist church at Mayfield. The Conway Springs Star places an estimate of the wheat yield for Sumner county at 5,068,800 bushels. of was and James visiting Sparks friends Conway transacting Springs, business in the city Wednesday. C.C. Curtis returned Monday night from Buffalo, N.Y., where he attended the national G.A.R. reunion. Hunnewell has an amateur newspaper. It called the and is a Miss conducted by "Reporter," Reed of Mulvane. Extras continue to go out as fast as they can get crews together. The stock rush is livening up in great shape. Miss Viola Platt has secured at $35 Miss Josie Austin school per month. the Robinson has the Rosebud school. Beggs' Diarrhea Balsam, is a purely vegetable compound, and cures where all others fail. We keep it.-H.F. Smith. tf24. The civil docket for the September term of district court contains 129 cases. The criminal docket contains eight cases. Receiver B. J. Sheridan went to Argonia Wednesday to look after the interests of the defunct Argonia State bank. Porter over the for Miss Rock Lillie Island Tuesday departed morning Chicago, to resume her work with the Home Mission society. Mrs. Mary H. Peter, mother of Mrs. to Winfield night to visit friends FredWedekin,went and attend Friday the Methodist c camp meeting. At present the whole world is wondering at the tremenduos sales of Smith, Salve. and.desirableeffects Word H.F. druggist. Beggs' German t124 comes to the city by letter that Frank Eichelberger is dangerously ill with typhoid fever at Harrison, O. His death is looked for. and refrom turned Mrs. Lee last Saturday daughter, Edith, Winfield, been friends the and where attending they had camp visiting meeting. Mrs. H.C. Freeman of Ma field. was in a for her who boarding the city place Wednesday children, looking for will attend the county left Miss for Mabel her Woodcock high school. Monday night home in Arkansas an visit in the H. W. with after her extended sister, Mrs. Giamann. City, city dent thinks The Illinois the threshing townshipcorresp machine did n as much to help prosperity along in Kansas as the enactment of the Dingley bill. Enoch Piatt of Harmon us a of the best sends few samples township pears we ever saw in this country. The late rains have brought them out wonderfully. Over two thousand miners in the vira bite to tually vicinity without of Nelsonville, O., eat. are Over two hundred of them are sick as a consequence. R. M. Heasty, Sr., of Chikaskia was in a to rent. for township, house Tuesday He will looking send children to the county high school this winter. For farm loans, personal and chattel on John T. at National the loans, Wellington call Bank, Stewart Wellington, Kansas, for lowest rates and 32tf best privileges. It is said that the bicyclists of Caldwell will put out a ticket of their GWD next the repeal of that their object being at the musicipal election, ke ordinance. Miss Nona Tubbs left for Marion of a at continue cutting yesterday school here school to will take charge that place. under dress- The the direction of Miss King. Ringling Bros.' famous and popular circus represents a cash investment cost of be of this $3,7000,000. stupendous The enterprise operating will over $1,200,000 this season. Dr. A. Branaman has aboutfinished packing his household goods, and he will leave or Kansas where Saturday they and will his make family for City, Kan., Friday their future home. Ringling Bros. present a genuine zoological novelty this season in pure attention attract pair of unlimited white polar bears, from which all who visit this biggest of all big shows. The rental agents are enjoying an unusually lively demand for houses in the are in at account ward present. especially Dwellings demand Fourth on of the County High school. The advance agent of Ringling Bros. circus Monday recalled the last visit to on day before fated fact ton that was their the Welling- the illcyclone. The twister swept

13. September 7, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, September 7, 1897

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Southern Kansas Business Men. Silsbee & Scott, grocers of Hutchinson, say: "Good health depends on good eating." M. E. Severance, general merchandise at Hazleton, says: "Cents saved make dollars." Angstad & Barrett of Argonia say: "Did you ever see such a store in SO small a town?" Snyder, a soda-water man at Wellington, speaks of his drink as "an Alaskan blizzard in liquid form." Pierce & Archer, general merchandise at Argonia, say: "If quality isn't back of them prices are meaningless." The proprietors of "The Fair" at Hutchinson received last Friday a shipment of school slates aggregating 2,289 pounds. Here is a great truth by an advertising expert: "Remember that the public is as knowing as the smartest member of it." A. H. Wheeler, a shoe dealer at Marion, says: "The barefoot boy presents his cornless but expansive feet to the shoe man." Robert Mounsey of Medicine Lodge has moved into new quarters and will go into books and stationery, quitting the secondhand business. D. Thompson of Attica has painted and improved his hotel. All the hotel proprietors in southern Kansas are expected to do that this fall. Cole Brothers of Harper say of their stock that it is the "prettiest, handsomest, loveliest, captivating, artistic, unique, novel in southern Kansas." The St. John Trust company, George Burr of Stafford county president, will set up in business in Hutchinson and handle cattle paper principally. The Hickok Furniture company of Argonia advertise beds by the use of a boy's essay on beds. The idea is good, if it is not kept standing too long. Receiver Sheridan expects to pay the depositors in the Argonia State bank about 30 per cent. He will make a payment about the middle of the resent month. C. L. Denton & Co., of Attica, have said now for two months: "We are now prepared to show you an elegant line of dimities, lawns, percales." Isn't that advertisement getting just a little bit too old? Bustles are undoubtedly in style again. A style to be recommended, one that is easily constructed by the home dressmaker, consists of a double box-pieating of French hair-cloth, tacked into position by a narrow tape. This is to be sewed Inside the lining skirt. The Star clothiers of Hutchinson say: "The school bell will soon be filling the land with its daily call to the boys and girls. Some will go barefoot, from choice, others will go barefoot because they didn't have the shoes that stood the racket. Those who bought their shoes of us will go well-shod." If you have a display window, filt It up. It needs soap and water first. Make it clean and keep It clean. It may need paint. Give it paint. Then dress the window handsomely and furnish It. Study colors and groupings until It is right. A dusty window or inharmonious window will drive customers away. The merchant who writes an advertisement simipy makes a speech to a great audience of people. They expect him to say something. If he was on a stage he would say something or they would leave the hall. Be assured that if he doesn't say something to his advertisement they will quit reading what be writes. The girl with rounded arms and broad shoulders may rejoice in the approaching hour of triumph. for the incoming fashlons appear to be expressly constructed for her benefit. Indeed, the new bodice has much the appearance of the once-popular "jersey" or stockinette waist. It is, however, "built" of different materials, The new bodice shows a prolongation of the shoulder sean. Decidedly fallen from its high estate, the new sleeve is close fitting and set into an arm-hole several inches below its normal position. This arm treatment heightens the resemblance to an eld-time jerses malet

14. September 23, 1897 People's Voice Wellington, KS

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Argonia State Bank Dividend. Receiver B. J. Sheridan has declared a dividend of 33} per cent of the outstanding liabilities, which are about $6,400, to the depositors of the defunct Argonia State bank, a branch of the defunct Sumner National bank of this city. This means a distribution of about $2,150 to the depositors of the hank. When the Argonia State bank failed, it paid 25 per cent cash to its depositors and k ave three certificates of deposit of 25 per cent each to the depositors for the remainder of their money. Mr. Sheridan has declared a dividend on these outstanding liabilities of the bank.

15. March 31, 1898 People's Voice Wellington, KS

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Dividends Declared. The comptroller of the currency has ordered a 20 per cent dividend to depositors in the defunct Summer National, and a 15 per cent dividend to depositors in the defunct First National banks of this city. Receiver Barney Sheridan has declared a dividend of 20 per cent on the certificates held by depositors in the Argonia State bank. The checks for the Sumner National and First National dividends will be ready for delivery next Monday or Tuesday. Don't bother the receiver until Monday, as the checks will not arrive from Washington until then. They were made out last week and sent to the comptroller for his signature. These dividends will make a total of 55 per cent paid to depositors of the Summer National, 45 per cent of which were made by Barney Sheridan; and 35 per cent to depositors of the First National, all of which were made by Mr. Sheridan. Mr. Sheridan has paid 531 per cent to the depositors in the defunct Argonia State bank. This bank will eventually pay in the neighborhood of six or eight per cent more, making the total probably 60 or 65 per cent declared by the present receiver. When the Argonia bank failed, 25 per cent of its deposits were paid by the comptroller from the funds on hand, so that the depositors will not lose much in the end. Mr. Sheridan is giving eminent satisfaction as receiver of the three defunct banks in this county. When Barney came here he found deposits in the First National bank selling for 10 per cent, The bank will eventually pay 50 per cent without question, and we predict that it will go as high as 75 per cent. The Summer National depositors will get 75 per cent of their deposits without doubt, and we look for this bank to nearly pay in full. If it doesn't, it will not be the fault of the receiver. Mr. "Sheridan is making it warm for the stockholders of this bank who transferred their stock before the failure in order to avoid liability, knowing the condition of the bank. More suits in this connection will be begun soon. Under a recent decision of the supreme court the receiver can make all such stockholders pay. Mr. Sheridan recently secured judgment in the United States district court at Topeka against A. E. Wilson of Leavenworth, who transferred his stock in the Sumner National to J. H. Glass several months prior to the bank's failure, and made him pay $1,208, or about 66 per cent of the total value, $2,000. Mr. Sheridan has sold a 320 acre farm near Anson, now occupied by Sylvester Jones, to Dr. S. W. Spitter for $3,400 cash, This farm belonged to the Sumner National bank and the funds will be applied on a future dividend. A house on South Jefferson avenue, just north of the Santa Fe tracks, now occupied by A.M. Wilder, belonging to the First National bank, has been sold to J. F. Hart, a railroader, for $375 on the installment plan.

16. August 4, 1898 People's Voice Wellington, KS

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Barney Up to His Old Tricks. Barney Sheridan, receiver of the First and Summer National banks to Argonia State bank, is about 25 per declare the another dividend of Nacent to depositors is the First cent tional bank, a dividend of 10 per Summer depositors in the busted 16t National,and to a dividend of 15or Argonia per to depositors in the First cent bank. The checks for the will State Summer National dividends about and ready for distribution of the be 20. The depositors their Argonia August State bank will 1. get dividend about September of Mr. Sheridan's administration banks affairs of the three defunct enerthe this county shows what an can in loyal, honest bank receiver affairs do getic, toward straightening out the of trust. a defunct institution of the of When Barney took charge National bank as receiver for he 15 First found claims against it selling affairs of on the dollar and the concents institution in a very hopeless the But he set to work patiently the skein of entanglements, tion dition. unraveling and the and complica- posses- today depositors are rejoicing in deposits, of 60 per cent of their more. sion a certainty of 15 per cent ReMaybe with the bank will pay out. but at er Sheridan doesn't say so, that time he does not say be ame dividend of 15 per cent will persons acquainted resting peacefully her and are and for with every confi- Barney of receiving a dollar the dent had on deposit in when it went under. has been a 100 per dollar as bank there they cent this Inasmuch assess- bank, made on the stock in ment fundscan be raisedfromthat will deno further and further dividends source, entirely upon the general ability prospend of the county and the with the perity the banks debtors to comply deof persistent and urgent to dig up. Mr. much receiver's mands received assistance Sheridan receivable. with has not First National's bills absolutely the fact they were almost been In The funds shrewd management raised worthless. by vigoro:is have of prose- the estate and by a Zieglers, bank's cution of stockholders. The were Perry county, Pennsylvania, had of to pay $11,200, but they made the bank in the nature paid of claims on of deposit and only Lebcertificates in cash. G. W. Baird $6,848 of $8,841 anon,Ind., was made to pay claims. He had no counter in the cash. Baird had transferred his stock daughter to his son-in-law and avoid bank year before the bank failed, sold to the a He claimed he him hability. but Mr. Sheriden knocked to stock, out on this point and interest. he had pay assessment with his 10 per cent dividend to deposit- bank The in the Sumper National in diviors a total of 55 per cent bank makes paid to depositors in this paid dends Sheridan. J. Sam Brown the by 10 Mr. per cent dividend, making 65 per a for the First National this total Mr. Sheridan predicts that to pay cent. will pay out. It is sure considerbank cent. There are The 90 per assets yet to fall back on. only able have been assessed of stockholders cent and the comptroller an 56 per can levy, if necessary, cent currency additional assessment of 44 per the of it. Furthermore, absorbs dividend or any part to be paid in August realized of the $7,000 equity building none the sale of the bank building from Thos. B. Brown. The mortto for $15,000 but there was a will sold on it for 88,000. The money as gage be received until October, an to order not of the court will be necessary make the deed good. The divideed of 15 or 16 per Argonia cent to depositors of the final and be bank will probably be wound up. State the paid receivership bank's Mr. Sher- dewill have paid this When idan about 70 per cent. of 25 per positors bank failed a division SO the was made to the depositors, 95 per that cent they will have received when the affairs cent of their deposits wound up. of the bank are finally