First National Bank - Clay Center, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3072
Charter Number: 3072
Start Date: August 1, 1905*
Location: Clay Center, Kansas (39.381, -97.127)

Metadata

Model: gpt-5-mini
Short Digest: 8d9fb86d

Response Measures

None

Description

The article (Topeka State Journal, 1905-08-26) refers to a suspended / failed bank in Clay Center and a suit filed there; no reopening is mentioned. The piece discusses a telegram and state action to collect from surety. I infer this is a suspension leading to failure/closure rather than a mere run. Date given is the newspaper date; the telegram references events a day or two earlier.

Events (1)

1. August 1, 1905* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank described as suspended/failed; state treasurer's deposits reportedly tied up in the suspended bank, indicating bank insolvency/failure rather than a rumor-driven run.
Newspaper Excerpt: the telegram which comin to the Title Guaranty & Trust company ... reported the failure of the First a National. This telegram ... 'the state treasurer of Kansas ... has $547,000 deposited in a suspended bank'
Source: newspapers

Newspaper Articles (1)

1. August 26, 1905 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, August 26, 1905

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Article Text

SAYSIT'SCHILDISH Governor Hoch Discusses Treasury Examinations Again. Neglect of Duty Won't Figure in Bond Suit. HE HAS MADE NONE. Even the July and August Examinations Were Neglected. Still Insists That the Law Is a Farce. Hoch is of the opinion that exGovernor that the board of treasury has the fact of which he is a member aminers to perform the duties provided condition by failed and examine monthly the any law state treasury, will not afford the of the to the Kelly bondsmen county in defense started in the Shawnee Gendistrict action court Friday by Attorney eral Coleman. think there is a court in the "I don't which will take into consideration the land the alleged defense that not seriously examinations of the treasury were to It is too trivial and childish made. cut figure with a court of justice. any difference would it have would made "What examined the treasury? It than had we have shown anything other that not was already known; namely, in priwhat state money was on deposit custom the banks. This has been the come vate and years; out of it has allegfor this years train of troubles and this have all in the treasurer's office. I for an ed graft doubt that the law providing was no of the state treasury imexamination in good faith, but it is impossi- an passed law. It is physically such an practical for the governor to make real ble as would be of any duties examination and still perform the other that it of value, his office. That is why I say has been a farce." ago, when the attention Some public time was directed to the fact had of the the treasury examining board Govthat to make the examinations. his infailed Hoch stated that it was in ernor make the examinations examitention future. to However, the July is the was not made, and August examinanation to a close with no drawing far. Nevertheless, Governor extion so again stated today that he which Hoch pects to make the examinations the law requires. go ahead and obey the "I propose to because it is the law," said for Gov- the law, Hoch. "I have respect statute ernor law, simply because not it is have on the failed to books. the I would treasury examinations one thus of make had the fact that it was to my far duties been brought sufficiently my attention. regardless of any examination, treas"But fact remains that the state through the lost a lot of money, and bonding urer of the state, and the good no fault signed a bond to make certainly company shortages. There is requires any in the bond which any nothing state officers to perform good. other duties to make the bond will not certain gives bond that he follow that If a man horse, it does not steal the bond a is invalid unless everybody locks their barn doors." not the suits filed against and the 'Do Guaranty & Trust company of the Title against the bondsmen inconsistent the ones the state in an Hoch. bank put was asked of Governor in the position?" have not read the petitions "and "I suits," said the governor, that various can't express an opinion attitude on so I So far as I know the The subject. state has been consistent. of the has tried to collect the trouble money state the companies without any settlefrom has given opportunity for a was and but the only way left to us ment, to bring suit against the bondsmen." has not General Coleman the Attorney doing much talking about after- case. been up to late hour Friday to say Even he absolutely refused the suits noon, or not he would file what whether that day, and suits declined would be to brought. state in about court "I can the say absolutely nothing was his reply to all questions. it, the suits, Mr. Coleman left he for his home After filing in Clay Center, where will spend suit which Sunday. has been filed is right was The line with the telegram which comin to the Title Guaranty & Trust failure of sent day or two after the was the pany First a National. This telegram as follows: state treasurer of Kansas, for "The your company is surety wrongfully for 1/2 whom dollars, has $547,000 is million in a suspended bank and are therefore deposited short that amount. to You that the state looks you advised forthwith to make good to the treasury The the amount of your guaranty delay. bond. Upon business admits you will of be no subrogated to statement rights and securities the state and whatever have against the failed bank me may secureties. Communicate with where its in regard to how and anadjustment forthwith shall be made. I expect swer by wire tomorrow. "C. C. COLEMAN "Attorney General."