6569. Delavan State Bank (Delavan, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 11, 1929
Location
Delavan, Kansas (38.656, -96.813)

Metadata

Model
gpt-5-mini
Short Digest
21860dc3

Response Measures

None

Description

The Delavan State Bank closed (voluntary suspension) on/around Jan 11, 1929 and a receiver (Charles W. Johnson; assistant H. Snyder) was appointed. Subsequent reporting documents embezzlement/shortages by the cashier, arrest, asset auctions and dividend payments — the bank remained in receivership and did not reopen as an operating bank.

Events (4)
1. January 11, 1929 Receivership
Newspaper Excerpt
Charles W. Johnson, former Dwight banker, was placed in charge of the Delavan bank yesterday by Roy Bone, state bank commissioner. ... The receiver of the Delavan State bank ... was appointed on January 11th, 1929. CHARLES W. JOHNSON, Receiver.
Source
newspapers
2. January 11, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discrepancy/shortage discovered in the cashier's accounts (embezzlement/abstracted funds) leading to voluntary suspension/closing by the bank and state examiners.
Newspaper Excerpt
the Delavan state bank ... closed its doors yesterday ... the bank's voluntary suspension
Source
newspapers
3. January 21, 1929 Other
Newspaper Excerpt
Owen, cashier of the Delavan state bank, was taken ... on complaint ... Information against the cashier ... The shortage alleged to be at least $22,000 ... charge him with embezzlement.
Source
newspapers
4. June 1, 1929 Other
Newspaper Excerpt
At an auction sale of assets of the insolvent Delavan state bank conducted yesterday by Snyder receiver ... Cash now in the hands of the receiver will permit almost another 25 per cent dividend which is not all the bank will eventually pay.
Source
newspapers

Newspaper Articles (10)
1. January 12, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, January 12, 1929

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Article Text

BOND FOR Partially Protects County in Delavan Bank Failure The tentative loss of which Morris county believes had on deposit in the Delavan state bank when that institution closed its doors yesterday is protected to the extent of $5,000 by surety bond the bank gave to guarantee deposits. This much will be definitely saved for the county, Whether the remaining loss can be recoverfrom the county treasurer's bond is still speculative. Charles W. Johnson, former Dwight banker, was placed in charge of the Delavan bank yesterday by Roy Bone, state bank commissioner. Johnson's appointment reached Register of Deeds Bruton this morning for recording. Directors of the Delavan stitution will go to Topeka next week to confer with the new bank commissioner, Wm. Kennedy, relative to an assistant receiver. The discrepency which lead to the bank's voluntary suspension now reported to be Miss Bertha Rutledge, who aided Assistant Receiver H. Snyder in handling records of the Citizens bank here, has gone to Delavan to assist R. O'Brien, deputy bank examiner.

2. January 21, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, January 21, 1929

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CASHIER BOUND DISTRICT COURT TRIAL TO Two Counts, InforHeld Today on Which Was Furmation on nished by Bank Examiner Owen, cashier of the DelaState bank, was taken cusvan toay this morning on complaint issued from county court. arraignment and his right to preliminary hearing and was mediately bound over for trial in district court by Judge A. Loomis. Bond was fixed in the sum and was furnished by two Delavan friends. Information against the cashier filed the president of the by bank at the of the directors on information furnished by O'Brien, deputy bank examiner. The complaint in county court sets forth only two counts for totals of The shortage alleged to be at least $22,000. In the first count the cashier alleged to have misapplied $400 from the credit of Rose Ray and added it to the account of Wm. Markley. Immediately after, the information states that this same $400 was taken from the Markley account and placed to the credit the cashier himself. By reason of this act the directors charge him with embezzlement. Count two relates that the defendant unlawfully abstracted from the account of Mrs. Charles Hurd, credit of $700 and depositor, same by placing this misapplied $700 to the credit and apparent ownership of Jerry Paige, also depositor with the bank. The cashaccused of making false tries with this propriation. Information against Mr. Owen was filed late Saturday evening after conference here of directors in the defunct institution. The was not turned over to Sheriff Jim Parker until this morning and after relatives of Mr. Owen had been consulted by long distance telephone and given an portunity to replace the alleged falcations. Examination of the failed bank completed by the state bankdepartment last week, but whether anything was discovered addition the confessed shortage known at the time of the bank's closing, is not known the public. At that time Mr. Owen supplied sheets showing the amounts taken from various accounts, which amounts were stated have been used in meeting overdrafts. Mr. Owen has already deeded farm and his town property to the bank in restitution, which, coupled with the which can be recovered from surety bonding company the double liability of stockholders, may duce the losses of depositors to comparative small figure.

3. January 21, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, January 21, 1929

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Article Text

BANKERS TO TOPEKA Ray and Frank W. Ray, Atkinson, directors of the Delavan state bank, are in Topeka today with the state bank confering and Chas. W. Johnson, partment state bank receiver. Some plan of liquidating the Delavan institution with the minimum cost to depositors will be agreed upon today. At least, that the principle object the directors' trip.

4. January 23, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, January 23, 1929

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Article Text

NAME H. SNYDER Assistant Receiver to Liquidate Delavan Bank H. Snyder, Council Grove attorney, was appointed today as sistant receiver of the failed Delavan state bank. The appointment made by the state banking partment in Topeka with the proval of Gov. Reed. The selection of the Council Grove attorney was confirmed this afternoon by Chas. W. Johnson, former Dwight banker, who is now state bank ceiver. The customary $10,000 bond will be required of the assistant receivand as soon as this surety and approved he will take over the assets and paper in the Delávan Mr. Johnson timated that this would bt sometime towards the end of the week. It will be necessary for the assistant to spend time in Delavan while preliminary collections are being made but later will only on certain days of the week The experience gained by Mr. Snyin handling the affairs of the Citizens bank here makes him pecially fitted for liquidating the Delavan institution.

5. January 24, 1929 The Herington Times Herington, KS
Article from The Herington Times, January 24, 1929

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Name H. Snyder H. E. Snyder, Council Grove attorney, appointed yesterday as assistant receiver the failed Delavan state bank. The appointment was made by the state banking in Topeka with the approval of Gov. Reed. The selection of the Council Grove attorney was confirmed this afternoon by Chas. Johnson, former Dwight banker, who is now state bank receiver. Pre-School Circle Organized A Pre-School circle was organized last Thursday night meeting the Lincoln school. The following officers were elected: Mrs. Rex. Tharp; Mrs. Milton Martin: Mrs. Carl Hass. The next will be on the fourth Thursday in February. Car Load of Cars The Bush Motor Co. received car load of cars this week and they to their associate dealers. In the car were included two coaches, coupe and convertible landau and are all mighty fine looking automobiles. Enjoy this treat! daily cup of Pickwick Coffee-ask your grocer.-

6. June 1, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, June 1, 1929

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HELD BANK AUCTION Land Brought $11,500 and Building $600. At an auction sale of assets of the insolvent Delavan state bank conducted yesterday by Snyder receiver, over was added to the sum available for another dividend to depositors. The Owens farm, comprising 240 acres half mile north of Burdick, was auctioned to Frank Atkinson for Half the land is under cultivation and the buyer received good house in his purchase. The brick building in Delavan which houses the bank sold for $600 to Burton, Fixtures remaining in the bank brought $152.50 and were scattered among many individuals, there being no single bid exceeding collective figures. Cash now in the hands of the receiver will permit almost another 25 per cent dividend which is not all the bank will eventually pay.

7. June 1, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, June 1, 1929

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VIEWED NEW CAR Scores of motorists visited the Snider garage this morning for an early glimpse at the new car just placed on the market by Buick the Marquette. It is handsome model with graceful lines, deep comfortable seats and an altogether expensive look for its price class. It has most of the sturdy features of the Buick line, but not the Buick motor. H. Snider guarantees the chassis to be equipped with a powerful motor which will surprise new driver in demonstration. The car goes on the market at an agreeably low price. COLLECT OWENS BOND The of held by Fred Owens of the defunct Delavan bank was collected yesterday by Snyder, receiver. The mount paid the bank receiver was The represents the amount bank examiners are alleged to have been able to trace dirOwens. The bond was in the Kansas Bankers Surety company and will be paid now that its total agreed upon. RAINS 1 ½ INCHES The rainfall including Decoration Day and yesterday afternoon's hard downpour totals 1.77 inches for this vicinity. Yestesday the at the H. Prater home guage measured and this morning showed an additional .15 inches. Decoration Day half inch of rain fell.

8. December 4, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, December 4, 1929

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The Associated Press is exclusively antitled to the use for re-publication of all news dispatches credited to It or not otherwise credited in this paper and also the local news published herein. By Carrier, week 12c Mail, in per Morris county, year Mail, in county, months By Mail. outside the county, year $4.00 SKIDDY Mr. and Mrs. Wm. Ebbutts spent Sunday at the Gus Harris home near Dwight. Mrs. Joe Maloney visited a few days last week with an aunt in Milford, Kansas. The A. Miller family spent Thursday at Jones north of Skiddy. Con Buckley was a business caller in Junction City Tuesday morning. Mr. and Mrs. Robt. Stilfwell were voisiting a few days last week with relatives in Coffeyille, Kansas. Mrs. John Burdette was shopping in Junction City last Saturday afternoon. Olof Johnson, Joe Maloney and Lee Burton were in Junction City on business last Friday. Jim Maloney and Hubert Mann attended the show at Junction City Saturday night. Jess O'Niel and Lee Burton went over to Fort Riley Saturday afternoon after a horse a Captain gave Mr. O'Niel. Mr. Karl, who is shucking corn for Mr. Ebbutts visited over Sunday in Ellsworth and Junction City. Ed Nelson was a visitor in Skiddy Monday afternoon. Mrs. John Burdette is vsiting relatives in Joplin, Mo. Miss Livington filled her appointment at the M. E. church last Sunday. There was a good attendance. Miss Leona Jellison visited form Wednesday until Sunday with her mother and uncle in Salina. Miss Ida Statz has been working at the Vance home two weeks. The Robert Stillwell family were Sunday dinner guests at Mrs. El: len Pember's. MELROSE spent Sunday in Junction City at A. W. Lackey's Mrs. Will Holm spent ThanksCalvin and Mrs. C. A. Stenstrom and Alice visited at Earl Merritt's Sunday afternoon. NOTICE OF APPOINTMENT State of Kansas, Morris County, In the Matter of the Estate of Louisa Block. Late of Morris County, Kansas. NOTICE OF Notice is hereby given, that on the 27th day of November A. D. 1929 the undersigned was, by the Probate Court of Morris County, Kansas, duly appointand qualified as of the estate of Louisa Block, deceased late of Morris County. All parties interested in said estate will take notice and govern themselves accordingly. HARRY E. SNYDER Administrator (1st pub. Dec. 4, 1929: last pub Dec 18) NOTICE The Statutes of Kansas provide that all claims of depositors and other creditors must be filed with the Receiver within one year after the date of his appointment and if not so filed such claims shall be barred from participation in the estate of such bank. The receiver of the Delavan State bank of Delavan, Kansas, was appointed on January 11th, 1929. CHARLES W. JOHNSON, Receiver. 83 2c Blue, Bell 301. 81 3c FOOD SALE Congregational Ladies at Piggly Wiggly Saturday, Dec. 4, 10 am. 30 "The Trail of '98." see the burning of Dawson City in which the world's most spectacular pioneer gold camp is reduced to ashes. L. W. Reeves has returned home from a trip to Chicago. Mr. and Mrs. Carol Gutshall spent Thanksgiving at Jonas Olson's. FOR SALE-S. C. White Leghorn cockerels. "Tom Baron" strain. Mr. and Mrs. Earl Newbury and Want Ads From Valantine flock. $1 each at family ate Thanksgiving dinner at this time. Mrs. E. N. Hannah, DelClem Adam's. HOUSE FOR RENT. Bell 65. 83 3p avan, mutual phone 69 tfp Ernest Galloway and crew are building a cattle shed for AnderFOR SALE 2White English Leghorn FOR HEALTH - Investigate the son Bros. corkerels $1 each-Mrs. O. L. Bnr- Chiropractic Way. May Jones, Mrs. N. P. Johnson and sons were nett, Mot. 29F7. 4 3p Chiropractor, 426 East Main St., supper guests at Olof Nelson's SunBell phone 500. 64 25c day evening. FOR SALE dozen English White George Bond and sons, and Rus- FOR GOOD relable used cars Leghorn pullets, $10 per dozen. Don sell and Harvey Harris of McLouth See Wilson Bros. FIRST. 93 tf Monroe, Mutual 19F13. 83 3c spent Friday and Saturday with friends here. WANTED wagon salesman. WANTED-Auto. truck and tractor work. You folks that have been Mrs. R. V. Anderson and sons Good Job for good man. Apply NOTICE TO MUTUAL PHONE SUBSCRIBERS Please Clip and paste in Directory New phones and numbers changed: Dr. Harvey, L. S. 15-red Dr. Harvey, L. S., Office 211 Ray T. Bebout 224 C. G. Hospital 261 Piggly Wiggly Store 207 Wm. Laramore 60-red Edward DeMersseman 177-blue Washington School 194-black Dr. B. E. Miller, res. 261 W. T. Edens 94-black Harold Elzea 96-white Roy Johnson 7F4 Roe Lee 11F12 Black Mrs. Jennie 47-blue

9. December 5, 1929 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, December 5, 1929

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NOTICE The Statutes of Kansas provide that all claims of depositors and other creditors must be filed with the Receiver within one year after the date of his appointment and if not so filed such claims shall be barred from participation in the estate of such bank. The receiver of the Delavan State bank of Delavan, Kansas, was appointed on January 11th, 1929. CHARLES W. JOHNSON, Receiver. 83 2c TAX NOTICE December 20th is the last day to pay taxes without penalty. Ethel 82 5c Kinkel, treasurer. SPECIAL Until Christmas Permanents at $6.50 CODY BEAUTY SHOP

10. January 9, 1930 The Herington Sun Herington, KS
Article from The Herington Sun, January 9, 1930

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DELAVAN Christmas has come and gone and while it was here brought with It the usual amount of joy and sorrow. The weather was white Chris mas but bright sunshiny days which were enough let know that still winter. Santa brought abundance of gifts to people this community which filled the hearts of young and old with gladness but those in our midst who had the home and to those who that day in death dear relative the day will long be remembered one of sorrow rather than happiness. But such life we must take the bitter with the sweet and not forget that still have much for which to be thankful. Mr. and Mrs. N. H. Davis and family returned the last of the week from Washington, Kansas, where they had spent their Christmas with the latter's parents, Mr. and Mrs. Frank Coffin. Richard Lommasson of Topeka visiting the home of his aunt, Mrs. Frownfelter and with Edmond Miss Dorothy Trego of Winfield came with Miss Matilda Garlinghouse. when she returned to her school work. to visit her this week. Mr. and Mrs. R. Peterson had as their guests Sunday and Mrs. Lewis Burton and family and Mr. and Mrs. Herman Holt and family of Marion. Mrs. Burton and Mrs. Holt are sisters of Mrs. Mrs. Garretson of Wilsey spent Christmas with her son. Rev. Garretson and family. Miss Hazel Mitchell spent her Christmas vacation the home of her uncle at Wichita Falls, Texas. Mr. and Mrs. Will Burns entertained the Burns relatives at dinner Christmas day. Assistant Bank Receiver Harry Snyder of Council was at the hardware store all day Monday and Tuesday handing out checks for another 10 per cent of the deposits of the Delavan State Bank which closed its doors on the 10th last January. 85 per cent the deposits returned to the depositors in less than year and there is still more follow. Mrs. Fannie Swift took dangerously last Saturday and is still in She the home of her brother. W. W. Ray. Dr. Swann in Miss Lila Loquist and parents Burick drove to Iowa on Thursday attend the funeral of relative. Miss Lila did not return until Tuesday and was unable to teach school here the first days of this week. Miss Peterson Burdick substituted for her. Mrs. Rose Bishop has been confined to her bed with asthma. She is able to be up now. Mrs. Hannah Martin entertained her and grand children at dinner Christmas and Mrs. Ray Martin Phyllis drove down from Manhattan the day. Mrs. Rose Sells, an aunt of Mrs. Martins. ncthem home to care for few days while Mrs. Martin Mr. and Mrs. Everett Carter and Miss Ethlyn Daniel of Hutchinson visited home folks here Christmas. Jas. Asling convalescent following an appendicitis operation at the Herington hospital. Mrs. Robert Lester of Wilsey was in town on business Monday. Mrs. Bert Huggins and sons of Diamond Springs spent Friday with Mrs. Hannah Martin and Edmond. Royal Neighbor Lodge Monday for of officers. Six were Lunch was served. The officers for 1930 are: Oracle, Zaida Burns: Vice Oracle, Lucille Burns: Past Oracle, Ida Burton: Recorder, Elsie Martin: Edna Waylan: Inner Sentinel. Cora Wiggans; Outer Sentinel, Ella Smithson: Marshal, Merna Peterson: Musician Alta Burns; Flag Bearer. Daniel: and Managers, Harkness, Merna Peterson and Alta Burns. Assistant Marshal and the Graces have not been appointed Mrs. and Mrs. W. Houston entertained with big dinner on Thursday evening Their children and present. Miss Arleen Sturgis of Burdick was guest at the R. Sturgis home during Christmas vacation. Mr. and Mrs. Joy Scharp and little daughters White City moved into the Burns house in town Friday. The Junior class of the high school