6463. Citizens & Farmers State Bank (Arkansas City, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1908*
Location
Arkansas City, Kansas (37.062, -97.038)

Metadata

Model
gpt-5-mini
Short Digest
fc7f38dc

Response Measures

None

Description

The bank closed its doors in October 1908 and remained defunct with a receiver (Merritt Jeffries) pursuing claims through at least 1912. Articles describe prosecutions of directors and partial repayment to depositors; no contemporaneous run is described. OCR typos in some article transcriptions corrected (e.g., 'ink stitution' -> 'institution').

Events (2)

1. October 1, 1908* Suspension
Cause
Local Shock
Cause Details
Closed following the failure of the Wells Produce Company, which precipitated the bank's inability to meet obligations.
Newspaper Excerpt
The bank closed in October 1908.
Source
newspapers
2. December 25, 1911 Receivership
Newspaper Excerpt
The case was brought by Merritt Jeffries, receiver for the defunct Citizens' and Farmers' State bank of Arkansas, charged with illegal complicity in the failure of that institution, was acquitted by a jury in the district court here.
Source
newspapers

Newspaper Articles (4)

Article from The Topeka State Journal, December 25, 1911

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Article Text

# BROWN FOUND NOT GUILTY. Director of Defunct Kansas Bank Cleared by Jury. Winfield, Kan., Dec. 25.-G. Luther Brown, a director of the defunct Citizens' and Farmers' State bank of Arkansas, charged with illegal complicity in the failure of that institution, was acquitted by a jury in the district court here. The case was brought by Merritt Jeffries, receiver for the defunct bank, to force payment of money due depositors. Two similar cases pending against W. A. Wilson and T. B. Sanders, also directors, are expected to come to trial soon.


Article from Albuquerque Evening Herald, December 27, 1911

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Article Text

KANSAS BANKER ACQUITTED. Winfield, Kan., Dec. 37.-G. Lother Brown. a director of the defunct Citizens' and Farmers' State bank of Arkansas City, charged with illegal complicity in the failure of that ink stitution, was acquitted by a jury in the district court here today. The case was brought by Merritt Jeffries. receiver for the defunct bank, to force payment of money due depositors. Two similar cases pendIng against W. A. Wilson and N. B. Sanders, also directors, are expected to come to trial soon.


Article from Tulsa Daily World, May 12, 1912

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Article Text

Depositors May Be Paid. ARKANSAS CITY, Kan., May 11.There are rumors afloat here that claims against the old Citizens' and Farmers' State bank are about to be settled. There is yet about $15,000 due depositors. The bank closed its doors in the fall of 1908, since when about 90 per cent of the deposits have been repaid. Criminal charges were filed against officers and directors, but after the acquittal of one of the directors in the district court here, other cases were dismissed. A civil action for the recovery of $98,000, said to be due the bank from the Wells Produce company is still pending. Two officials of the bank, William A Wilson and N. D. Sanders, were Kansas City men. It is claimed Wilson on several different occasions has been willing to make a settlement with depositors, but other directors refused to act. Depositors are now circulating a petition to be presented to Governor Stubbs and Bank Commissioner Dolley, requesting them to hasten the action of the courts or of the receiver in remimbursing the mfor deposits in the bank at the time it sus, pended payment. The bank closed four years ago, following the failure of the Wells Produce company.


Article from The Topeka State Journal, July 12, 1912

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Article Text

KANSAS GOSSIP. He Describes 1,800 Feet Fall. Dodge City, Kan., July 12.-Harry New, the aeronaut who fell 1,800 feet from a balloon at this place about two weeks ago, is now able to talk and is giving the hospital physicians some interesting and valuable information regarding his experiences during the fall. New says that after he had dropped about 400 feet he looked up and saw that the parachute was not going to open. This is the last he remembers. During the remainder of the fall he was unconscious. He remembers nothing of the terrible impact with the earth, but barely remembers coming tc shortly after the fall while Dr. Casto was bending over him administering a hypodermic. He then became unconscious again and remembers nothing until consciousness began to return in the hospital about 24 hours later. He has been in a dazed condition unti! just recently, but his mind is now perfectly clear. It is probable that he will be paralyzed for life from the waist down. but no internal injuries whatever are expected to result. Old Bank Row Reopened. Arkansas City, Kan., July 12.-Faulconer & Cunningham, attorneys who have been engaged in the prosecution of the officials of the defunct Citizens and Farmers' State bank case, has received the following communication from State Bank Commissioner Dolley: "Topeka, Kan., July 10. "Faulconer & Cunningham, Arkansas City, Kan. "Gentlemen:-I am advised by Receiver Jeffries of the refusal of Mr. Wilson to take up a draft in accord. ance with his agreement some time since. You will accordingly take whatever steps are necessary in this case to continue the liability of Mr. Wilson. Yours very truly, "J. N. DOLLEY, "Bank Commissioner." This means that the proposed settlement of the case wherein Mr. Wilson, of Kansas City, former president of the bank. had agreed to pay the sum of $14,000 to the receivers is off for the present at least. And now the prosecution of the case will be continued according to the instructions of the bank commissioner. It was in January that Mr. Wilson first proposed tc turn this amount of money over to the receiver. The order was made in February. The bank closed in October 1908. The depositors have been paid 92 cents on the dollar. Farmers' Feud Desults in Death. Cimarron, Kan., July 12.-A. E. Click was shot to death by Henry Meyers and George Deupsers on the north line of Click's land, south of Cimarron. Click and his family were driving along his place preparatory to going to work and in a dispute with Meyers and Click's brother-in-law, George Deupsers, he received two wounds, one in the leg and the other in the abdomen, and his wife received a wound in the arm. Dr. J. N. Alexander and Sheriff Tabb were hurried to the scene. The former stayed until Click's death while the sheriff borrowed a horse and started in pursuit of Deupsers, who had f escaped and was making his way towards Ingalls. Meyers drove to Cimare ron and gave himself up. The killing is the outcome of a long standing feud. Three Normal Schools Now. Emporia, Kan., July 12.-The separat tion of the Pittsburg manual training school and the normal school at Hays I from the Kansas State normal at Eme poria has been ordered by the board of a regents, upon the approval of President J. H. Hill, of the Emporia normal. S The three institutions in the future will 1 be of equal rank. a To Help Preachers in Kansas. Salina, Kan., July 12.-An appropriation of more than $3,000 was recom-