6486. Baxter Bank (Baxter Springs, KS)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 5, 1896
Location: Baxter Springs, Kansas (37.024, -94.736)

Metadata

Model: gpt-5-mini
Short Digest: fa08484d

Response Measures

None

Description

The Baxter Bank closed its doors in Dec 1896 and a receiver (R. H. Sands) was appointed; the bank did not reopen and receiver actions (asset schedules, sales, eventual dividend) indicate permanent closure. OCR errors corrected (article 1 phrase interpreted as 'Baxter bank ... closed its doors this morning'). No newspaper descriptions of a depositor run were found; failure appears due to insolvency and mismanagement rather than a rumor-triggered run.

Events (4)

1. December 5, 1896 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank violated state banking laws, insolvent (insufficient cash and exchange), leading to closure of doors; commissioner had previously noted insolvency in Sept 1896.
Newspaper Excerpt: Baxter bank, Baxter Springs, Kas., closed its doors this morning
Source: newspapers

2. January 23, 1897 Other

Newspaper Excerpt: Receiver Sands has about gotten things shaped up in the defunct Baxter Bank. He filed a schedule of the assets and liabilities with the district court Thursday.
Source: newspapers

3. June 25, 1898 Receivership

Newspaper Excerpt: RECEIVER'S SALE...the undersigned receiver of the Baxter Bank, will on Saturday, the 25th day of June, A. D. 1898, sell at public auction...property belonging to said estate. R. H. SANDS, Receiver of the Baxter Bank
Source: newspapers

4. April 29, 1899 Other

Newspaper Excerpt: R. H. Sands, receiver of the Baxter bank, informed us that he believes he will be able to make a dividend of between six and seven per cent before long.
Source: newspapers

Newspaper Articles (14)

1. December 5, 1896 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, December 5, 1896

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BRIEF TELEGRAMS. The President has appointed Polk W. O'Sullivan register at the land office at Prescott, Ariz, Baxter bank, Baxter Springs, Kas., closed 118 doors this morning and 18 in the bands of the state bank commissioner. In the United States circuit court, St. Louis, Judge Caldwell has granted the Frisco receiver's request to be discharged and to release the surety. The North German Gazette declares that President Cleveland's tonnage dues contention 18 disputed by the German government, which has lodged a protest. The grand jury has voted indictments against five Western Union officials, in Chicago, on the charge of alding and abetting bucket shop keepers. District Attorney John R. Fellows, New York, lies at the point of death. His family have given up hope. John R. Fellows Jr., who 1a in the south traveling for his health, has been summon ed. At Newport, R. I., a hundred naval apprentices made a dash for liberty this evening and two escaped. The trouble IS said to be the outgrowth of the denial of the boys' request for lurlough for the Christmas bolidays. McKinley was engaged most of the morning with Charles G. Dawes of Chicago. Dawes left for Washington this alternoon. Several congressmen eq route to Washington stopped to call on McKinley today. Charles Bollin, who established the first dry goods store in Denver in 1867 and became ene of the city's leading merchants, is dead, aged 63, The death was the result of an operation for cancer. The Cunard steamer Etruria from New York which arrived at Queenstown AL 10 o'clock last night and proceeded on her voyage has signaled that she has lost a propeller blade, which will delay her arrival in Liverpool. An official of the Western Union said this afternoon: "The report that officials of the Western Union company were indicted by the grand jury today for aiding and abetting bucket shops, 18 untrue." The great Virginius mine, Colorado, is closed down on account of the etrike of the employes, who have a grievance against the shift bosser. It IS believed a settlement of the trouble will soon be reached, as A. E. Rey. nolds, the owner, is coming from Denver.

2. December 12, 1896 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, December 12, 1896

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The town of Flippen, Ky., was wiped out by fire. of Secretary of total the The annual report shows that the June number Interior of Francis acres disposed leaving of up to public 30 last was still 043,000,000, vacant estimated the district at over of with Alaska, 000 600,000,000, domain not an including area of over 369,000,DuSupervising acres. Inspector steamboat General inspection that in his were carried on service, mont. of the passengers annual the report year says and that vessels lost, a decrease from 600,000,000 steam 221 lives were of during 173. the O., previous year of Montezuma, Arthur Palmer, of Emlenton, at Pa., St. and E. oil L. men, Godfrey, were drowned Mary's, Behme was of his both Fred O. Ill., for the executed murder in last. Mc. Leansboro, Easter Sunday cost wife ship is said to be The government and battle child on $4,125,000, Texas. which the a complete failure. dealer in hardware Tex., and agricultural W. E. Dupree, implements at Waco, race failed An international for $250,000. began six-day in bicycle Madison 28 starters York. Square with garden, New buildings and Miss., five Twenty-one were store burned at Shaw, dwellings of $100,000. a the navy, entailing secretary loss of report warns Hilary the A. Herbert, The in his annual insufficiency of There its navy vessels country requirements of the of war. 8,165 for the in commission, and in the apprentices navy. $13,002,625. listed 42 men The and department 1,378 expending durCobb, ing The the lumber year Me., schooner was Nathan wrecked F. on the Florida of Rockland, coast and three men were drowned. An earthquake shock Minn. was distinctly felt at Smith Lake, collision between Pacific road two A head-end the Southern in the death near freights Waelder, of on two engineers, Tex., resulted two firemen and a brakeman. the great lakes during In navigating closing 62 lives years were the season now with previous list is much William Bourke, this lost. Compared Conn., below the average. Hartford, 11 years old; years Ryan, 6 years were old, drowned mob Burns, Daniel 7 At 10 old; years Josie old, Bourke, and the Martin while counMo., skating. of farmers broke into secured Jesse ty A jail at and Lexington, James Nelson, and held her for two the Winner of Mrs. Winner them. and John murder babies, and lynched and Ella Alpha Blanche were Bishop drowned at Hawley, Pa., while skating. A. F. Gleisner, wife shot of her a infant glassblower Mrs. at Newark, and O., then shot insane. herself. child in the thought head to have Vicksburg been and She The was new gunboats launched from the each. yards Newport Me. were They cost $229,400 and her daughat Bath, Lawrence boarder Mrs. Sarah nine, and a gas named in ter Sophie, Sawyer aged were suffocated by Fire Boston. destroyed Flaspoller the wholesale & Sons grocery in New house of B. H. being $100,000. Orleans, the loss six tollgates in A mob tore down Ky., making over three 300 destroyed Mercer county, in the state in the last The its doors. months. Baxter bank at Baxter Springs, huntKan.. closed named Davis while sons of out his emA with negro the two young near Pine Bluff, ing ployer, killed Joe both Williams, the boys and at escaped. Clinton, its Mo., closed Ark., The Henry county doors with bank liabilities of has lodged $125,000. German gevernment with the state The energetic protest Washington against ton- the an in imposing ports. action partment nage duties of the on president German in ships entering American total receipts of the $82,499,208.40 government during The the past expenditures year were were $90,- over and the total increase of receipts and 626,296.84 an of $5,516,080.21, an increase the previous of year expenditures of $3,836, in witness 124.02. O'Connor, a and the famous connected Henry Owen Cronin murder trial with the 39th the to of meet the persons death, killed himself at his case home in Chicago. were killed injured and ten Three persons or less seriously & Ohio in others more on the Baltimore O. a collision Storrs Station, railway near National bank of New OrThe Union suspended business. leans, 1896, has resumed message to to affairs tember his which 9, congress payment President de- in Cleveland, In in referring in spite of Spain's rebellion Cuba, says that down the have cannot the termination Cubans to put and gained says it strength presentatarms and men, that the be insenably titude of be the expected United States will olddefinitely maintained. Loveland, aged in the 70, the AdironFrederick best-known guide falling tree. est dacks, and was killed by a 77 years, living and 76, George Deacon, killed aged his wife. aged near Argos, took Ind., his own life by drowning

3. January 16, 1897 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, January 16, 1897

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sick Sunday. Ankerson sells the REX Patent Flour. Try it. Ed. Fribley is playing cornet in an orchestra in Galena. Sun Cured UJI Japan Tea is the best. Anderson sells it. Arthur Carney is recovering from a severe spell of sickness. The zinc smelteries at Cherokee are to be started in a few days. You get 16 ounces to the pound at Pinnick's flour and feed store. Bud Simmons and H. G. Maute spent Sunday in the Indian Territory. Mrs. Fannie Stewart of Webb City visited relatives in this city this week. W. H. Hornor visited his son, C.G. Hornor, in Guthrie, Oklahoma, this week. And now it is reported that Receiver Sands has found an old curiosity shop. McAboy & Meads shipped cattle and hogs to Kansas City Wednesday of this week. W. A. Keel, wife and child, of Fairland, I. T., were in Baxter the first of the week. Nichols, the blacksmith, is making a home for himself and family on Chouteau avenue. C. R. Gould of the firm of Gould & Thompson transacted business in Kansas City this week. On Saturday, Jan. 23, a Law and Order League will be organized at Columbus to see that all of the laws are enforced in Cherokee county. The burglars who took $700 worth of silks from the New York store at Joplin one night last week were caught in Fort Scott the first of this week. Seneca is experiencing a mining boom. Much mineral was mined at Seneca a few years ago, and it is thought many rich strikes will be made soon. F. D. Gill is assisting Receiver Sands in clearing away the wreck of the Baxter Bank. It has not been ascertained yet just how much the salvage is worth. Mayor Pennoyer of Portland, Oregon, refused to accept the $5,000 salary to which he was entitled. He accepted half of it, or $2,500, and gave half of that to the poor of the town. The Fayetteville, Ark., Republican says that a good span of horses. harness and wagon sold in that town a few days ago for the princely sum of $14. Such a price would indicate that the horse market in Fayetteville was a little sluggish. The Wyandotte correspondent of the Seneca Dispatch has got into trouble, as appears from his last correspondence in the Dispatch: "Those villainous typos had better not poke their noses around the government school now-a-days if they don't want to come away baldheaded, after making me say last week that the children were 'apparently' attired instead of 'appropriately.' The ladies there have 'got it in' for them. In fact we have been rather shy ourself since the paper came out." S. F. Fritz of 677 Sedgwick street, Chicago, says: "I had a severe cough which settled on my lungs. I tried a number of advertised remedies and also placed myself under treatment of several physicians

4. January 23, 1897 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, January 23, 1897

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SEEMING ENTANGLEMENT. 3 Receiver Sands has about gotten things shaped up in the defunct Baxter Bank. He filed a schedule of the assets and liabilities with the district court Thursday. To be sure, many people will. not be able to understand the situation by looking at the figures unless they are explained, and although we know very little about the banking busi. ness, it would seem that a good many people, your humble servants included, could do as good a job of banking as some who have been in that business. Certain it is that if we ever engage in that business, we shall try to run our bank on top of the ground and not clear into the ground. Following is a statement of the assets, as found by Receiver Sands, and the figures given on the real estate are our estimates. Certainly they are high enough:

5. January 23, 1897 Baxter Springs News Baxter Springs, KS

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A PRECOCIOUS YOUTH. One of the saddest incidents connected with the Baxter Bank failure was the disclosure of the fact that little Arthur Warner, aged nine years, had overdrawn his account to the extent of $175. This is the largest overdraft the receiver has to contend with. Several up-to-date business men saw how things were going and checked out their own and some of the depositors' money, but little Arthur made a swipe for about all he thought the institution could stand at the time. We have read of instances of youthful precocity, but nothing like this. Lord Macaulay used words of four syllables at the age of three; Pope wrote good poetry at four; Grover Cleveland understood the multiplication table at six and Zillar Naylor could repeat the Lord's prayer at sixteen, but history makes no record of an overdraft on a busted bank by a rosy cheeked child of nine summers. If Arthur Warner is not destined to become a Napoleon of Finance and revolutionize all the established rules of commercial intercourse, we shall miss our guess. At 21 Jay Gould was only a common peddler. At 35 John Jacob Astor was retailing skunk skins, and at 40 Commodore Vanderbilt was in command of a flotilla of canal boats, but here is a youth of nine (9) who wrecks banks, buys lead mines and takes trips to foreign states with all the composure of a member of the Kansas legislature. Arthur is now supposed to be operating in Wall street and will undoubtedly give the bulls and bears pointers on plunging. We may at any time hear of wrecked railroads, collapsed financial institutions and black Fridays, but feel confident that Arthur Warner will come out on top and if there is anything left to the plutocrats of New York after he gets through with them, it will not be his fault.

6. January 23, 1897 Baxter Springs News Baxter Springs, KS

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4.5 Muthateu com and currency 1,200.00 Planing mill and ground Lots 5 and 6 in block 6, lots 4 and 5 in block 9. lots 3 and 4 in block 2. all in Dunbar's first addition 370.00 20.00 Lot 20 in block 7. Barnes' add'n Lots 5 and 6 in block I. lots I, 2. 3.4. 5. ,6,7, 8 and 13 in block 2, lots I. 2 and 14 in block 3, 280.00 all in Brewster's first add'n. 20.00 Lot 4 in block 4. Van Epps add. 300.00 Block 5. Griswold & Hawks ad. Forty acres raw land 3 miles 500.00 northwest of town Rents due from tenants in bank 60.00 building Bills receivable (these are notes, many of which are 6 y'rs old) 19 890.86 Fifty shares U. S. Fibre stock, not known Bond of the Sunflower county, 100.00 Miss.. railroad Two thousand shares of Baxter Springs Investment Company 80.00 stock, market value Judgment against school district No. 734.17 1,756.49 Overdrafts Due from Metropolitan Nation880.00 al Bank of Kansas City Due from Merchants Exchange 2.45 National Bank of New York. 341.09 Stock of groceries, invoiced at 400.00 Bahk fixtures, worth probably Total, $26,971.48 In the estimates on the value of the real estate, we are satisfied we have appraised the different pieces of property high enough. The half interest in the flouring mill is not included by us in the assets for the reason that that matter is in litigation in the supreme court. The Metropolitan National Bank of Kansas City holds personal notes to the Baxter as given money loaned Bank the amount security for to of but as the will be gets even, $22,000, lucky if it Metropolitan out there is no earthly use of counting of this amount as have included the any not bank assets. build- We in the assets mortfor three is gaged ing "blanketed" because times what it is to it worth, being the amount of $9,278.44. The bills receivable amount to $19,890.86, but we have them, as our we over judge inspected wouldn't and give God $100 for the whole batch. The overdrafts amount to $1,756.49, and are not worth, in our estimation, to exceed $400. Take the difference between the bills receivable and the overdrafts and what they are worth and the assets will be reduced to $5,824.12. We will rest here for a few lines and speak of the assets again farther down the column. LIABILITIES $16,458.14 Deposits Due the Metropolitan National 20,299 35 Bank of Kansas City Due Merchants' Exchange Na6,500.00 tional Bank of New York Due Miners' Bank of Joplin, on overdraft 5.45 Protested drafts outstanding(protest fees not included)2,710.76 subject to correction Total, $45,943.70 We understand courts have long held that protested drafts are pre: ferred claime. If this is go, subtract the amount At and no.. protested drafts rooable expenses of receiver ship from the assets and you can form some idea of what per cent the depositors will probably realize. Of course, the figures given may not be absolutely correct, and are subject to change. We hope that Mississippi railroad bond and the fifty shares of U. S. Fibre stock will increase the assets to that point where the depositors will get one hundred cents on the dollar, but It might be worth while for some of the depositors to trade their claims to Receiver Sands for fibre stock. Still we hope for the best. In fact we never despair. MORE ROTTENNESS- MAYBE. The county records, we understand, show that the north half of lot 12 in block 6, which is the corner lot, just across the street south from Bischofsberger's livery stable, was deeded to Naylor on the 4th of December, the same day the Baxter Bank closed its doors. We do not include this lot in the assets for this reason. The lot is worth probably $300. Of course the depositors will be pleased to learn this. If the balance of the real estate, which is included in the assets, should prove to be mortgaged or sold for taxes, of course they will have more cause for joy. But, seriously, wouldn't the whole business cork you? [TO BE CONTINUED.]

7. February 6, 1897 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, February 6, 1897

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BLUFF DIDN'T WORK. It has been suggested to us that all the blame for the condition of the Baxter Bank should not be laid to Col. Alexander Warner, and the reason given for it is that Bank Commissioner Breidenthal should have closed up the bank several months before it failed. The party suggesting this says: "Early in September Bank Commissioner Breidenthal called for a statement and it was published. That statement showed the bank insolvent and not carrying more than onehalf the cash and exchange required by law. It should have been closed up at that time by the bank commissioner, but Breidenthal al. lowed that bank to run, knowing it was violating the banking laws from September 1, 1896." There is no doubt of it at allthat the bank violated the banking laws from September 1, 1896. But for the edification of the party making the suggestion we will say that there is no law giving the bank commissioner power to close an insolvent bank. He may notify the bank officials that they are violating the banking law, but he has no power under the statute to close them up, although it is generally believed that such is the case. The law governing the duties and powers of the bank commissioner is sadly deficient, but only a few people are aware of it. We get these facts from a gentleman connected with the bank commissioner's office, and he tells us that they sometimes close a bank by bluff, but that they have no power under the statute to do it. This, we suppose, is a case where the bluff didn't work. But the fact that the bank com missioner is unable to have a bank closed does not absolve the officials from blame. Not a bit of it. And the penalty for violating the state banking laws is very severe.

8. February 13, 1897 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, February 13, 1897

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Receiver Sands, although one of the best bookkeepers in the state, is, we think, learning something about the business since he has mixed up with the Baxter Bank affairs.

9. February 20, 1897 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, February 20, 1897

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We understand Colonel Alexander Warner and his son, Ben, are going to turn their residence property over to Receiver Sands for the benefit of the creditors of the Baxter Bank.

10. February 20, 1897 Baxter Springs News Baxter Springs, KS

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The Most Fatal Disease. It is not generally known that more adults die of Kidney trouble than any other disease. When the first symptoms of this disease appear no time should be lost in taking Foley's Kidney Cure, which is guarateed or money refunded. W.E.Price. As to Peffer. Slowly and sadly he'll pull down his vest, When the 4th of March has found him. And gloomily start for the boundless West His whiskers wrapped around him. Chicago Tribune. Church Notice. The Rev. John Bennett ill preach in the Episcopal church next Sunday morning at 11 a. m. OBITUARY. Died. on Monday, Feb. 15, 1897, the infant child of Mr. and Mrs. Ed. Covey. Another Good Man Gone Wrong. He failed to use Foley's Kidney Cure for his kidney complaint. Mrs. A. R. Kane visited friends in Columbus Monday. C. B. Skidmore had legal business in Columbus Thursday. J. G. Polster transacted business in Columbus Thursday. John M. Cooper has been under the weather for a few days. United States Deputy Marshal John Jones had business in Linn county Wednesday and Thursday. A license for marriage has been granted to Charles R. Hixson and Hermenia Tenelze, both of Baxter Springs. The Columbus Modern Light is prosperous. A new two-horse pow. er gasoline engine has lately been added to its equipment. Receiver Sands, of the defunct Warner bank, has been unable up to date to find those "legislative doors" among the assets of the bank.-Columbus Courier. We had hoped to be able to pub. lish the report of the appraisers of the Baxter Bank assets this week, but as the appraisers have not yet completed the confounded job, we are unable to give the report. A boy walked into a London merchant's office in search of a situation. After being put through a series of questions by the merchant he was asked, "well, my lad, what is your motto?" "Same as yours, sir," he replied; "same as you have on your door-push." He was engaged. A Tennessee man accidentally shot a dog, and in trying to explain to the owner how it occurred, accidentally shot him. In a further effort of illustration he accidentally shot the coroner, and is now out on bail trying to find somebody to whom he may explain the latter occurrence. H. E. Buckien, of Bucklen's Arnica Salve fame, is interested in some mining operations south of Joplin. Mr. Bucklen has been on the ground for about a month and is "baching" there with his partner, E. A. Warfield of Chicago. Every newspaper man in the country knows of H. E. Bucklen. When sweeping a room there is nothing better to aid you in collecting the dust than newspapers, says an exchange. Take a page of newspaper at a time, wet in hot water, P esa it between the hands until it ceases to drip, then tear it into pieces, and throw them around over the carpet. Then sweep, and most of the dust will gather on the wet paper. On matting, if large pieces of wet paper are pushed ahead of the broom they will take the light puff that is likely to fly back and lodge. About a dozen members of Baxter Lodge, No. 111, K. of P., went to Galena Thursday night where they were royally entertained by Galena The Oriental de-

11. March 6, 1897 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, March 6, 1897

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Receiver Sands is at his post of duty again in the defunct Baxter Bank. He has been confined to his home by illness.

12. May 21, 1898 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, May 21, 1898

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i (First published May 21. 1898.) RECEIVER'S SALE. Notice is hereby given that the und signed. receiver of the Baxter Bank, W on Saturday. the 25th day of June, A. , 1898, sell at public auction. at Bax: Springs, Kansas. at the office of Dani & Hartley, South Military street. to t highest bidder. at 2 o'clock p. 111. of sa day, the following described property 1 longing to said estate, to-wit: All of block 5 in Griswold & Hawks' : dition to the city of Baxter Springs. K: sas, being lots 1 to 21 inclusive, accordia to the recorded plat thereof. Also lots 3. 4, 5 and 6. in block 6 of D1 bar's first addition to Baxter Spring Kansas. Lot 20 in block 7 of Barnes' addition Baxter Springs, Kansas. Lots 4 and 5 in block 9 of Dunbar's fi addition to Baxter Springs, Kansas. Lots 3 and 11 in block 2 of Dunbar's fi addition to Baxter Springs, Kansas. Lot 14 in block 3 of Brewster's first ad tion to Baxter Springs, Kansas. Lots 1 and 2 in block 3, lot 13 in block lots 1. 2. 3, 4. 5. 6, 7 and 8 in block 2. all Brewster's first addition to Baxter Spring Kansas. Lot 14 in block 4 of Van Epp's addition Baxter Springs, Kansas. east of 6th p. 11 Also at same time and place a one-li interest in the Baxter Springs flouri mill building and machinery, and wat power and privileges appertaining there situated on the following described land Beginning at a point 58 feet south of point 260 feet east of the northwest corn of the southeast quarter of section six township hirty-five (35) range twenty-ti east, thence running east 63 feet, then south 220 feet. thence west 63 feet, then north 230 feet to place of beginning. Al the right of way over and across a strip land which lies immediately west and a jacent to the tract just described: sa strip being 220 feet north and south a 93 feet east and west. All of the above described property is Cherokee county, Kansas. This is a forced sale and the proper must be knocked off to the highest bidd under and by virtue of an order of the ₫ trict court of Cherokee county, Kans: No post ponement of sale. as the proper will be sold at the time stated and in t manner indicated. Terms of sale. cash in hand. R. H. SANDS, Receiver of the Baxter Bank

13. May 28, 1898 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, May 28, 1898

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(First published May 21, 1898.) RECEIVER'S SALE. Notice is hereby given that the undersigned. receiver of the Baxter Bank, will on Saturday. the 25th day of June, A. D. 1898, sell at public auction, at Baxter Springs, Kansas, at the office of Daniels & Hartley. South Military street, to the highest bidder, at 2 o'clock p. m of said day. the following described property belonging to said estate, to-wit: All of block 5 in Griswold & Hawks' addition to the city of Baxter Springs, Kansas, being lots 1 to 21 inclusive, according to the recorded plat thereof. Also lots 3. 4. 5 and 6, in block 6 of Dunbar's first addition to Baxter Springs, Kansas. Lot 20 in block 7 of Barnes' addition to Baxter Springs, Kansas. Lots 4 and 5 in block 9 of Dunbar's first addition to Baxter Springs, Kansas. Lots 3 and 11 in block 2 of Dunbar's first addition to Baxter Springs, Kansas. Lot 14 in block 3 of Brewster's first addition to Baxter Springs, Kansas. Lots 1 and 2 in block 3, lot 13 in block 2. lots 1, 2, 3, 4. 5. 6, 7 and 8 in block 2. all in Brewster's first addition to Baxter Springs, Kansas. Lot 14 in block 4 of Van Epp's addition to Baxter Springs, Kansas, east of 6th p.m. Also at same time and place a one-half interest in the Baxter Springs flouring mill building and machinery, and water power and privileges appertaining thereto situated on the following described lands: Beginning at a point 58 feet south of a point 260 feet east of the northwest corner of the southeast quarter of section six (6) township hirty-five (35) range twenty-five east, thence running east 63 feet, thence south 220 feet, thence west 63 feet, thence north 220 feet to place of beginning. Also the right of way over and across a strip of land which lies immediately west and adjacent to the tract just described: said strip being 220 feet north and south and 93 feet east and west. All of the above described property is in Cherokee county, Kansas. This is a forced sale and the property must be knocked off to the highest bidder under and by virtue of an order of the district court of Cherokee county, Kansas. No postponement of sale. as the property widl be sold at the time stated and in the manner indicated. Terms of sale, cash in hand. R. H. SANDS, Receiver of the Baxter Bank.

14. April 29, 1899 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, April 29, 1899

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A DIVIDEND. R.H. Sands, receiver of the Baxter bank, informe us that he believes he will be able to make a dividend of between six and seven per cent before long. And the payment of this dividend will wind up all that is left of the old Baxter bank.