6518. Bank of Canton (Canton, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 29, 1895
Location
Canton, Kansas (38.386, -97.428)

Metadata

Model
gpt-5-mini
Short Digest
475783ae

Response Measures

None

Description

Multiple contemporaneous newspaper notices (dated Mar 29–30, 1895) report the Bank of Canton, McPherson County, Kans., 'suspended' and 'closed up.' Articles identify it as a private bank owned by two brothers named Gray/Grey. No article mentions a depositor run or later reopening; classification as a permanent suspension/closure is most consistent.

Events (1)

1. March 29, 1895 Suspension
Cause Details
Notice received of suspension; newspapers give no explicit cause ( insolvency implied by closure ).
Newspaper Excerpt
Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Grey. Its capital is $6,000, and its deposits, at its last report, were about $17,000.
Source
newspapers

Newspaper Articles (10)

Article from The Seattle Post-Intelligencer, March 30, 1895

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Article Text

Business Failures. Topeka, Kan., March 29.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson counts. the property of two brothers named Grey. Its capital is $6,000, and its deposits at its last report were about $17,000. Bristol, Tenn., March 29.-The Bristol Bank and Trust Company has gone to the wall the second time. The bank, it is said, has been doing business largely by the assistance of a concern in New York that has refused to lend further aid. All the money deposited yesterday will be recovered by depositors. Beside that not more than $100,000 was on deposit.. Chicago, March 29-Hagenback's wild animal show has come to grief, and the animals will be sold at auction within a few days. The trouble came through a confession of judgment for $4,700 in favor of Edward Deverling, one of Hagenback's trainers. The sheriff has attached the animals, and they are now locked up in a barn on Adams street. Hagenback in turn brought against M. Hofheimer, manager of the show, for $5,000, claiming that he has failed to meet the necessary expenses as manager of the company in operating the show. The Nevada & California Stage Company has confessed judgment in the circuit court for $108,660 in favor of Charles Newhall. The judgment was obtained on two notes aggregating the above amount, executed February 6 and payable on demand. The attorneys for the plaintiffs said that the concern is a corporation organized under the laws of Utah, which is not in active existence. It was in bustness as a mail contractor under the United States government. The commission firm of Malcolm & Waterbury, which suspended Wednesday, has made an assignment. Assets and liabilities are believed to be in the neighborhood of $50,000. The firm had branch offices in a number of Western cities, and did a large business. They were bears in the pork market, and the rise of the product forced the assignment.


Article from The Indianapolis Journal, March 30, 1895

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Other Business Troubles. CINCINNATI, March 29.-Receiver W. H. Campbell, of the Commercial Bank, was before the Insolvency Court, to-day, to testify on the deposits received Wednesday afternoon, after the clearing house had refused to honor the checks on the Commercial Bank. Benjamin Dale, for himself and clients, deposited over $14,000 at 2 p. m. on that day. It was not entered in his bank book, but put in an envelope. To-day he sued to recover the same, claiming it was not deposited. Dale's suit will be made a test case for all deposits made after 1:30, Wednesday, the hour of the action of the clearing house. BRISTOL, Tenn., March 29.-The Bristol Bank and Trust Company made a general assignment to-day for the benefit of its creditors. The total assets are $50,159; liabilities, $24,720; due to depositors, $16,900. Included in the assets is the bank's building, valued at $23,000. This is the second time this bank has closed its doors within fifteen months. TOPEKA, Kan., March 29.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Gray. Its capital stock is $6,000, and its deposits, when it made its last report, were about $17,000. It had no authority from the Bank Commissioner to run. CLEVELAND, O., March 29.-A. H. Stefe & Co., wholesale glove dealers, at No. 119 Bank street, assigned for the benefit of their creditors to R. R. Holden to-day. The concern is one of the oldest in the city. Assets were said to be about $40,000 and liabilities more than that.


Article from The Herald, March 30, 1895

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Another Kansas Bank Collapses TOPEKA, Kan., March 29.-Bank - Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Gray. Its capital is $6000 and its deposits at its last report were about $17.000.


Article from The Salt Lake Herald, March 30, 1895

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A BANK SUSPENDS. Topeka, Kan., March 29.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Grey. Its capital is $6,000, and its deposits, at its last report. were about $17,000. It had no authority to run from the bank commissioner.


Article from Omaha Daily Bee, March 30, 1895

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Kansas Hank ( losed Up. TOPEKA, March 29.-Bank Commissioner Breldenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Grey. Its capital is $6,000 and its deposits, when it made its last report, were about $17,000. It had no authority to run from be bank commissioner.


Article from The Guthrie Daily Leader, March 31, 1895

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Article Text

A Private Kansas Bank Clos d. Topeka. Kan., March 30. -Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton. McPherson county, the property of two brothers named Grey. Its capital is $6,000 and its deposits, when it made its last report, were about $17,000.


Article from The San Francisco Call, March 31, 1895

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Article Text

Suspension of a Bank. TOPEKA, KANS., March 30.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson County, the property of two brothers named Grey. Its capital is $6000 and its deposits at its last report were about $17,000. It had no authority to run from the Bank Commissioner.


Article from Barbour County Index, April 3, 1895

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WATERS PROTESTS FOR CHASE. Committee Acts on the Protest and will Hear Witnesses Wednesday. Toqeka, Kan., March 29.-The legislative committee to investigate the charges against Warden Chase of the penitentiary met this afternoon and decided to begin hearing evidence next Wednesday at 1:30 o'clock. J. G. Waters, on the part of the defense, filed a protest against the committee's legal right to sit in the case; also against its sitting without the members first filing an oath with the secretary of state; also against proceeding without an order separating the witnesses. The committee decided against the first protest and in favor of the second, and announced that such witnesses as it deemed necessary to be absent should be excluded from the room. Topeka, March 29.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Grey. Its capital is $6,000, and its deposits, when it made its last report were about $17,000. It had no authority to run from the bank commissioner


Article from Morris Tribune, April 3, 1895

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strict between Pleasantville, d Brigantine Junction was over by a forest fire, many and a large quantity of timconsumed, the lossaggregatand of dollars. FF, Minn., a town of about 600 ts, was almost completely t by fire. w England coast was visited ricane, the wind attaining hour, a f seventy-five miles an : much damage to shipping. L Iowa was swept by dust which partially obscured the indered railroad traffic. iler of the Langston sawmill le Valley, Ga., exploded, and killam Goode, John Langston oman. npartisan Women's de- Christian nd nce all remove union indoor at their hats Kansas at meetings. City church McWilliams, a notorious nd a companion were shot ile robbing a store at Braggs L rk. officials at San Francisco 1 a gang engaged in circuged Chinese residence papers. 75 nd reached a velocity of hour in New York, doing hage to shipping. eatrical company that left St. walk to New York in 105 days er gave up the job at EffingERIOUS man, alleged to have ate secretary to the king of lied in poverty at Clinton, Ia. MERICAN warships were orNicaragua, presumably to proican interests. changes at the leading clearsi in the United States during ended on the 29th aggregated the 't' week. The increase, comh the corresponding week in 20.8. cigarette ordinance went into Lawrence, Kan., and no $ can be purchased in that in very rich quantities was 1 in the mountains in Wayne "a : ank of Canton, Kan., susIt had $6,000 capital and $17,its and was a private concern. e plate glass factories in the with a few exceptions, have vn and will not resume until vere 234 business failures in a States in the seven days n the 29th, against 278 the ious and 238 in the corretime in 1894. stol (Tenn.) Bank and Trust assigned with liabilities of test weather ever known in west in March prevailed on the mercury reaching 90 deve zero in some places. The 1 Iowa and Illinois was 80 desidence of Israel Higbie, a farmer of Northport, L. I., ed, and his daughter, Mrs. teeves, and her young daughourned to death. ect inheritance tax levied by hio legislature was declared utional by the circuit court at , i. from the middle and northstates indicated that crops great danger by reason of )N pounds of sugar, alleged arsenic, was sold at auction elphia for $4,000. BROWN, aged 30. shot his a 24, in Philadelphia, and mitted suicide. Domestic as the cause. stion of removing the capinesota from St. Paul to Minvas decided in favor of St. ler in a sawmill at East Leon, p. D. J. Ingersoll, the ownS uncle, Denziel Ingersoll, antly killed. famine, the most alarming in y of the trade for many years, d the entire eastern section . E. ntry. BROWN. of the Shiloh urch (colored), at Fredericksbaptized 150 converts, the umber of persons ever imone time in the state. killed, OM7


Article from Baxter Springs News, April 6, 1895

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A Private Kansas Bank Closed. TopeKa, Kan., March 30.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Grey. Its capital is $6,000 and its deposits, when it made its last report, were about $17,000.