Baxter Bank - Baxter Springs, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: May 27, 1884
Location: Baxter Springs, Kansas (37.024, -94.736)

Metadata

Model: gpt-5-mini
Short Digest: c76099ff

Response Measures

None

Description

Article (dated May 28, 1884) reports 'The Baxter bank, R Crowell proprietor, at Baxter Springs, Ks., has suspended.' No mention of a prior run or of reopening; therefore treated as a suspension that led to closure. Bank appears to be a small private/proprietary bank (proprietor named), so classified as 'private'.

Events (1)

1. May 27, 1884 Suspension

Cause Details: Article gives no reason for suspension; only reports the bank has suspended and lists liabilities of about $50,000.
Newspaper Excerpt: The Baxter bank, R Crowell proprietor, at Baxter Springs, Ks., has suspended. Liabilities about $50,000.
Source: newspapers

Newspaper Articles (1)

1. May 28, 1884 Morning Journal and Courier New Haven, CT

Article from Morning Journal and Courier, May 28, 1884

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Article Text

Suspension of Western Banks. NEW YORK, May 27.-Despatches received by Bradstreet's state that the Hot Springs Na tional bank of Hot Springs, Ark., suspended to-day. The bank had a capital of $50,000 and deposits subject to check of over $100,000. A run also occurred on the Arkansas National bank of the same place. The bank has a capital of $50,000 and on March 7 claimed a surplus of $2,500. The Baxter bank, R Crowell proprietor, at Baxter Springs, Ks., has suspended. Liabilities about $50,000. Ward to he Arrested on Criminal Charges NEW YORK, May 37.-A warrant for the arrest of Ferdinand Ward under criminal charges was served to-day on an affidavit by Bank Examiner Soriba charging him with conspiring with President Fish to damage the Marine bank to the extent of $378,000. As Ward is now under arrest in a civil suit the warrant will probably be not served until it has been settled, when it will be turned over to the United States authorities. Hatch Succeed