6571. Dexter State Bank (Dexter, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 14, 1901
Location
Dexter, Kansas (37.177, -96.714)

Metadata

Model
gpt-5-mini
Short Digest
80044237

Response Measures

None

Description

Examination uncovered large embezzlement by cashier J. H. Watkins; attorney general applied for a receiver (article 1901-06-14) and a receiver was appointed to close the bank (1901-06-18). No run is mentioned.

Events (3)

1. June 14, 1901 Other
Newspaper Excerpt
Attorney General Godard prepared an application to the district court of Cowley county for a receiver for the Dexter State Bank today. Bank Commissioner Albaugh ... examination shows Cashier Watkins' accounts short over $15,000.
Source
newspapers
2. June 18, 1901 Receivership
Newspaper Excerpt
J. F. Balliet has been appointed receiver of the Dexter State bank by Judge McBride of the Cowley county district court. Mr. Balliet will close the affairs of the bank, taking immedlate charge of the institution wrecked by Cashier J. H. Watkins, who committed suicide
Source
newspapers
3. June 18, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Embezzlement/defalcation by cashier J. H. Watkins; accounts short over $15,000 and cashier committed suicide.
Newspaper Excerpt
J. F. Balliet has been appointed receiver of the Dexter State bank by Judge McBride of the Cowley county district court. Mr. Balliet will close the affairs of the bank...
Source
newspapers

Newspaper Articles (2)

Article from The Topeka State Journal, June 14, 1901

Click image to open full size in new tab

Article Text

LOST ON CATTLE. Dexter Banker's Peculations Amount to Over $15,000. Attorney General Godard prepared an application to the district court of Cowley county for a receiver for the Dexter State Bank today. Bank Commissioner Albaugh, who has just returned from there says that the examination shows Cashier Watkins' accounts short over $15,000. Watkins tried to tide over the examination of his bank by making arbitrary charges. on customers' accounts so that his deposits showed $24,000 when they really footed $40,000. The deputy examiners penetrated one or two of the false entries on Monday afternoon and Watkins admitted to them. They quit the examination for the day and sent for President Merydith to be present when the work was resumed in the morning at 7:30 o'clock. Watkins went to the bank at 6 o'clock next morning and shot himself in the building before the others arrived. Watkins was involved in cattle deals and it is presumed his defalcations were used up in that business.


Article from The Topeka State Journal, June 18, 1901

Click image to open full size in new tab

Article Text

Balliet in Charge. J. F. Balliet has been appointed receiver of the Dexter State bank by Judge McBride of the Cowley county district court. Mr. Balliet will close the affairs of the bank, taking immedlate charge of the institution wrecked by Cashier J. H. Watkins, who committed suicide