6464. Farmers National Bank (Arkansas City, KS)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4640
Charter Number
4640
Start Date
March 11, 1901
Location
Arkansas City, Kansas (37.062, -97.038)

Metadata

Model
gpt-5-mini
Short Digest
befe8110

Response Measures

Accommodated withdrawals

Description

Newspaper reports (Mar 11–13, 1901) describe a run caused by the reported failure of the First National Bank of Niles, Mich., and the disappearance of its cashier who was also president of the Farmers National Bank. Officers had large currency on hand and met withdrawals; no suspension or closure is reported.

Events (3)

1. September 30, 1891 Chartered
Source
historical_nic
2. March 24, 1897 Voluntary Liquidation
Source
historical_nic
3. March 11, 1901 Run
Cause
Local Banks
Cause Details
Report of failure of the First National Bank of Niles, MI, and disappearance of its cashier (who was president of the Arkansas City bank) sparked depositor panic.
Measures
Officers laid in/provided over $100,000 in currency and paid depositors in cash to meet demands.
Newspaper Excerpt
when the bank opened this morning there was a run on the institution. Cashier A. H. Denton had provided over $100,000 in currency, and met the excited depositors coolly.
Source
newspapers

Newspaper Articles (9)

Article from The Topeka State Journal, March 12, 1901

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Article Text

RUN ON A BANK. Arkansas City Institution Troubled by a Michigan Failure. Arkansas City, Kan., aMrch 12.-The report of the failure of the First National bank, of Niles, Mich., caused much excitement here, for C. A. Johnson, the missing cashier of Niles, is president of the aFrmers' National bank, of this place. The fact became known Sunday morning and when the bank opened Monday there was quite a run on the institution. Cashier A: H. Denton had provided over $100,000 in currency and met. the excited depositors coolly. The deposits at the time of the bank's last statement was $292,305, with over $107,000 cash on hand. But few of the business men drew out, but soon commenced to deposit and the run almost entirely ceased. The bank had money in sight to meet every Geposit and is one of the strongest and best managed institutions in this section,


Article from The Savannah Morning News, March 12, 1901

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Article Text

CAUSED A RUN IN KANSAS. Missing Cashier Is President of Arkansas City Bank. Arkansas City, Kan., March 11.-The report of the failure of the First National Bank of Niles, Mich., caused much excitement here to-day, for C. A. Johnson, the missing cashier of Niles, is president of the Farmers National Bank of this place. The fact became known Sunday morning, and when the bank opened this morning there was a run on the institution. Cashier A. H. Denton had provided over $100,000 in currency, and met the excited depositors coolly. The deposits at the time of the banks' last statement were $292,305, with over $107,000 cash on hand.


Article from The Salt Lake Herald, March 12, 1901

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Article Text

Run on a Bank. Arkansas City, Kan., March 11.-The re. port of the failure of the First National bank of Niles, Mich., caused much excitement here today, for C. A. Johnson, the missing cashier of Niles, is president of the Farmers' National bank of this place. The fact became known Sunday morning and when the bank opened this morning there was quite a run on the institution. Cashier A. H. Denton Hane provided over $100,000 in currency and met the excited depositors coolly. The de. posits at the time of the bank's last statement were $292,405, with $107,000 cash on hand.


Article from The Evening Times, March 12, 1901

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Article Text

BANK CASHIER STILL MISSING. Chicago Police Unable to Locate Charles A. Johnson, of Niles, Mich. CHICAGO, March 12.-The mystery surrounding the disappearance of Charles A. Johnson, cashier of the First National Bank, of Niles, Mich., has not yet been cleared. It was stated that he was in Chicago, but neither his relatives nor the police here have been able to get track of him. The Niles bank officials now admit they do not know his whereabouts, and the belief is gaining ground there that he has absconded with considerable money. Despatches from Arkansas City, Kan., say that Johnson was president of the Farmers' National Bank of that place and his disappearance has started a run on that institution. So far all depositors there have been paid in cash and apparently there is plenty of money in sight.


Article from Evening Times-Republican, March 13, 1901

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Article Text

Has Rank in Kansas. Arkansas City, Kas., March 13.Charles A. Johnson, the missing cashier of Niles, Mich., is president of the Farmers' National Bank of this city. A run on that institution has been caused by the news of the tangle in the Michigan concern's affairs. The officers, however, were forwarned. and laid in a supply of currency sufficient to meet the demands of depositors. The last statement of the bank showed deposits of $292,000 and cash on hand $107,000.


Article from The Oskaloosa Herald, March 14, 1901

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Article Text

Depositors Excited. Arkansas City, Kan., March 12.-The report of the failure of the First national bank of Nfles, Mch., caused much excitement here. for C. A. Johnson, the missing cashier of Niles, is president of the Farmers' national bank of this place. The fact became known Sunday morning, and when the bank opened Monday morning there was quite a run on the institution. Cashier A. H. Denton h d provided over $100,000 in currency and met the excited depositors coolly. The deposits at the time of the bank's last statement were $292.305, with over $107,000 cash on hand.


Article from Abilene Weekly Reflector, March 14, 1901

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Article Text

A Run on an Arkansas City Bank. Arkansas City, Kan., March 12.The report of the failure of the First national bank, of Niles, Mich., caused much excitement here yesterday for C. A. Johnson, the missing cashier of Niles, is president of the Farmers' national bank, of this place. The fact became known Sunday morning and when the bank opened yesterday morning there was quite a run on the institution. Cashier A. H. Denton had provided over $100,000 in currency and met the excited depositors coolly. The deposits at the time of the bank's last statement was $292,305, with over $107,000 cash on hand. Places Closed on Account of Smallpox. Weir City, Kan., March 12.-All the joints of this place have been closed by order of the mayor on account of the smallpox epidemie. They must remain closed until April 1. The schools were closed early in December and last week an order was issue I elosing all the churches, lodges and other public gatherings indefinitely. The temperance people say the joints must stay closed even after April 1. Shooting at Mining Camp. Pittsburg. Kan., March 12.-Tom Mullen, a negro miner of Fleming. a mining camp four miles west of this city, was brought to town by Constable Ferrell and lodged in jail on the charge of murder. Mullen and two other negroes, Mike Glascow and W. T. Wright, quarreled in a saloon. Two or three shots were fired and Wright fell to the floor with a bulk through the heart.


Article from The True Northerner, March 15, 1901

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Article Text

Still a Mystery. Niles, Mich., March 12.-It was not believed here Monday night that Cashier Johnson of the suspended First National bank is insane or that he is in Chicago. President Lacey admits that the bank directors do not know Johnson's exact whereabouts. Johnson's brothers in Chicago deny that they know where Johnson is. The belief is gaining that he has absconded. The city council met last night to raise funds to pay municipal expenses, as the city's money is all tied up in the bank. The outlook for business men and manufacturers is bad at present. Arkansas City, Kas., March 12.-The report of the failure of the First National bank of Niles, Mich., caused much excitement here yesterday, for C. A. Johnson, the missing cashier of Niles is president of the Farmers' National bank of this place. The fact became known Sunday morning, and when the bank opened Monday morning there was a run on the institution. Cashier A H. Denton had provided over $100,000 in currency and met the excited depositors coolly. The deposits at the time of the bank's last statement were $292,305, with over $107,000 cash on hand.


Article from The Iola Register, March 15, 1901

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Kansas Clips and Comments A brother of Mrs. Nation went on Monday, March 11, Daniel Jones, an old soldier was frozen to death on her bond and she left the Topeka jail, but she is SO taken with the quiet life the prairie near Preston. of the capital that she will live there. The Kansas City Times has launched Her Wichita trial resulted in a hung Congressman Bowersock for United jury. States Senator to succeed Harris. 1,333 cases of smallpox and ten Only quails shot in December are deaths therefrom are reported to the now legally dead, which may prove a State Board of Health. Isn't it about comfort to those shot at other times. time to inoculate and quarantine The Hoffmans, of Enterprise, will against lagrippe and let smallput machinery for a 600-barrel flourpox go. ing mill in the old woolen mill The Dyche collection in the State building. University, which made a sensation at "Alf Mussleman went around the Chicago, and has since been greatly increases, will be the chief feature of links in sixty" the Wichita Eagle. That is Greek unless it means he went Kansas' display at the St. Louis exround "like sixty." position. The unseemly haste with which the A Eureka man is mourning because lion followed the lamb in March he killed one of his chicken before he weather predicts that the aforesaid discovered its three legs, believing that three drum sticks do not comis fond of mutton chops. pensate for the price he might have The Sterling Bulletin bobbed up secured for the freak. serenely this week, dispite the pieing of sixteen galleys of type. The office The editor oftheOsawatomie Graphic notes with great relief that the must have a good cusser. quarantine on the insane asylum at Bent Murdock says altruism is that place has been raised. And if a brother-love, "not a desire to boss the man did want into an asylum it would livers and gizzards out of your be distressing to be barred. neighbor." Right; go up. Lawrence is trying to blush and exConcordia's swell women's club is claim "this is so sudden" over called the Embroidery Club. The Carnegie's giftof the $25,000 asked for. members do not lace, they embroider, Aside from the consistent absence of an innovation in club circles. bustle Lawrence has more feminine A Hutchinson man, just married, traits than any other town the State. has been convicted of grand larceny, Two masked men armed with Winfor stealing his wife in an elopement, chesters entered stores at Olpe in and a divorce suit was started. Lyon county Friday and made everySame-here item from EdHowe: "Mcbody present hold uptheir hands while Kinley gets the larger salary, and they robbed the tills in ancient, timeRoosevelt has the larger family; it is honored style. They got $65 and just the same here in Atchison. away. A Maryland man who has a relative Since the Hiawatha revival, which in Kansas and wants to find him wrote included Ewing Herbert, the World Governor Stanley for the names and has been like a Sunday Schoolleaflet, addresses of everyone in the State. but last week the devil, doubtless, slipped in a picture of a girl skating An honest administrator of a Winwith her dress draped nearly to the field estate after handling the $43,860.top of her shoes. It was so shocking 91 for three years, paid all bills and expenses and gave the heirs $44,807.90. Representatives from Kansas University went to Lincoln, Neb., and Emporia people are smoking off the won an argument on the proposition valiant hunter who emptied two that America should |build, own and barrels, reloaded and again emptied operate a Nicarauguan canal. But it his gun into some wooden decoy should be remembered that Nebraskan ducks. oratory is a drug on the market of Hutchinson News: Seedless lemons late. are a California product; the lemonThe Chicago American is running less lemonade is the sole product of an international baby beauty show the Sunday school picnic and the and 3-pear-old Hazel House of Newton circus. is in the contest. Hearst may win a few friends in Kansas whom he lost The Howard Courant is worrying about how the good old fashioned during the campaign by saving time souls who liked to stick their feet in and awarding the prize to Hazel, for of course she'll win. the oven get along with gasoline stoves. The cashier of the Niles, Mich., An unsophiscated Oswego carriage bank which failed the other day is dealer cites the fact that his rigs will president of the Farmers' National hold a man and two girls as a recombank of Arkansas City. When the news of the failure reached Kansas a mendation. Here's betting he never sells a rig. run began, but was coolly met with something over $100,000 cold cash. When fire was discovered in a big The run congealed. country home near Ottawa two towels