6583. State Bank (Effingham, KS)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
September 30, 1899
Location
Effingham, Kansas (39.522, -95.401)

Metadata

Model
gpt-5-mini
Short Digest
d4258fa5

Response Measures

None

Description

Two duplicate state-news items (Sep 30 and Oct 5, 1899) report a run on the State Bank at Effingham after the cashier (son-in-law of president) was found $850 short and resigned. The Exchange National Bank of Atchison offered to pay out deposits and stopped the run. No suspension or receivership is mentioned. President Wesley Cummings was found dead shortly thereafter; article links stress of the run to his death.

Events (1)

1. September 30, 1899 Run
Cause
Bank Specific Adverse Info
Cause Details
Cashier (president's son-in-law) discovered $850 short and resigned, triggering depositor withdrawals.
Measures
Exchange National (Atchison) offered to cash all deposits to stop the run.
Newspaper Excerpt
This precipitated a run on the bank, but the Exchange national, of Atchison, stopped it by offering to cash all deposits.
Source
newspapers

Newspaper Articles (2)

Article from Baxter Springs News, September 30, 1899

Click image to open full size in new tab

Article Text

STATE NEWS PARAGRAPHED. J. W. May. who had been traveling for an organ firm at Larned, pleaded guilty to embezzlement last week and was given seven years in state prison. May collected the cash on his sales and forged notes and turned them in to the firm to cover up his stealings. The republicans of Mitchell county nominated Frank McGrath for sheriff. McGrath has an interesting history. He was formerly a republican, but in 1890 became a Farmers' Alliance leader and was prominently mentioned as a populist candidate for United States senator. B. P. Waggener and other Atchison men interested in a gold mine at Victor, Col., received a telegram stating that a lead has been struck which will pay $2,400 to the ton. J. P. Pomeroy offered Mr. Waggener $75,000 for his interest in the mine and Mr. Waggener refused the offer. A reception and banquet was given at Parker for Chris Clapp, Jr., of the Twentieth Kansas, who was wounded at San Tomas May 4 and invalided home. John Meeks and William Tull, two other members of the Twentieth, and Felty. of the Eleventh infantry, were also present. The trades and industrial parade at Salina's street fair was composed of 30 floats and the Abilene. Junction City, Beloit, Peabody, Marysville, Concordia, Salina and Solomon fire departments in uniform. The fire departments were in Salina to attend the state firemen's tournament. A charter has been granted to the Kansas City, Lawrence & Topeka Railway company, commonly known as the 'Winnerelectric road.' The capital stock is $2,000,000. The fact that the promoters put up a charter fee of $427.50 would indicate that they are in earnest about building the line. The soldiers' reunion at Topeka last week was largely attended, over 1,200 tents being set up at Camp Funston. Conspicuous among the prominent speakers was Col. Albert D. Shaw, of Watertown, N. Y., commander-in-chief of the G. A. R. Department Commander Coulter had charge of matters. A trophy cannon, captured at Fort Felipe, Manila, arrived at Leavenworth from the Mare island, Cal., navy yard and will be mounted at the soldiers' home. Six trophy cannon are now in the city, four from Santiago and two from Manila. One will be mounted in the city and the others at Fort Leavenmorth. A consecration service led by Mrs. Emma Somers opened the twenty-first annual convention of the Kansas W. C. T. U. at Newton. Addresses of welcome were made by Mayor Young, Superintend+n of Schools Cooper, Rev. W. L. Garges, Mrs. S. R. Peters and Mrs. Lillian Mitchener. The response was by Mrs. Tinney, of Kirwin. The republican convention of the Jackson-Jefferson judicial district adjourned after taking 1,300 ballots without result. It is understood the friends of the opposing candidates. C. F. Johnson and Cyrus Hurrel, will make both men candidates by petition. The fusionists have nominated Marshal Gephart, of Oskaloosa, for judge and a spirited contest is looked for. John Robb, a stranger, the other night stole 15 cows from M. C. Harvey's farm, near Wallula. and drove them to the Kansas City stock yards. He borrowed a horse from Ed Bradley, another farmer in the neighborhood, without asking for it. Harvey missed his cows and telephoned to the Kansas City police and Robb was arrested just after he had sold the cattle, but before he had received the money for them. Wesley Cummings, president of the State bank at Effingham, was found dead in his bed the other morning. The day previous his son-in-law, who was cashier of the bank. wasdiscovered $850 short and resigned. This precipitated a run on the bank. but the Exchange national. of Atchison, stopped it by offering to cash all deposits. It was given out that the Eflingham bank would quit. The trouble connected with his son-in-law's shortage and the run on the bank was thought to have caused Mr. Cummings' death. At the recent session of the grand chapter of the Grand Cross of Constantine, U. S. A., held at Philadelphia. the grand cross was conferred upon Dr. W. F. Kuhn, an oldtime resident of Eldorado, but recently of Kansas City, Mo. The honor of this Masonic distinction can be appreciated from the fact that under the ancient regulations A. D. 1119, which are still in force, the number of grand crosses are limited to 50 in the jurisdiction of a grand chapter. The only grand chapters in the world are those of England, Scotland and the United States. The reunion of theSixth Kansas cavalry at Kansas City the past week was largely attended and many old veterans that took a prominent part in the border warfare were brought together. George W. Veale, now of Topeka, was colonel of the Sixth. Among those who delivered addresses were Judge C. E. Elliott, of Oronoga, Mo.; W. T. Allsup, Argentine; Rev. A. M. Reynolds, Scott Centerville, Ia.;


Article from Phillipsburg Herald, October 5, 1899

Click image to open full size in new tab

Article Text

STATE NEWS PARAGRAPHED. Mankota is putting in a system of waterworks. Chanute struck a third gas well at a depth of 800 feet. Bishop Millspaugh recently consecrated a new stone Episcopal church at Augusta. Ex-Gov. Lewelling has purchased a dairy near Wichita and will take charge of it. C. S. Scott, of Chanute, has been elected secretary of the National AntiHorsethief association. Iola opened her schools with considerable ceremony. Chancellor Snow delivered the address of the occasion. The potato crop of Kansas this year is estimated at 3,000,000 bushels, onethird of which was grown in the Kaw river valley. The average yield is 145 bushels per acre. George W. Wiley, of Meade county, state fish commissioner, was arrested on the charge of misusing public funds while treasurer of that county. His shortage is said to be about $4,000. Over 10,000 people attended the thirtyfirst A. O. U. W. anniversary at Galena the other day and 586 new members were publicly initiated. Galena has the largest A. O. U. W. lodge in the country. The Sixth Kansas Cavalry association, in reunion at Kansas City last week, selected Galena as the next meeting place. Miss Pearl Holderman, of Chetopa, was chosen daughter of the regiment. Col. A. G. Stacey, the well-known newspaper man sent up for a year and a half for sending obscene matter through the mails to his divorced wife, has been released, having served his sentence. At the state convention of the Christian church denomination at Topeka statistics were read showing a total of 398 churches in the state, with a membership of 46,000. For missions, $31,000 was raised last year. Now it is charged that Robert June, the Dickinson county farmer who reported that he was robbed a month ago of $2,100 by masked robbers, told a story of pure fiction. He has been arrested on the charge of trying to evade his creditors. F.W. Elliott, editor of the Troy Times, was convicted of criminal libel for reprinting a statement about a brotherin-law of Cyrus Leland, Albert Perry. The item said Perry, as chairman of the democratic county committee, ran the party as Leland directed. The trades and industrial parade at Salina's street fair was composed of 30 floats and the Abilene, Junction City, Beloit, Peabody, Marysville, Concordia, Salina and Solomon fire departments in uniform. The fire departments were in Salina to attend the state firemen's tournament. A reception and banquet was given at Parker for Chris Clapp, Jr., of the Twentieth Kansas, who was wounded at San Tomas May 4 and invalided home. John Meeks and William Tull, two other members of the Twentieth, and Felty, of the Eleventh infantry, were also present. The W. C. T. U. state convention at Newton passed resolutions denouncing the army canteen and the law establishing police courts in six cities of the state, which are elected by a combination of city and township, which "disfranchises 20,000 women from a vote on the liquor question." The soldiers' reunion at Topeka last week was largely attended, over 1,200 tents being set up at Camp Funston. Conspicuous among the prominent speakers was Col. Albert D. Shaw, of Watertown, N. Y., commander-in-chief of the G. A. R. Department Commander Coulter had charge of matters. A trophy cannon, captured at Fort Felipe, Manila, arrived at Leavenworth from the Mare island, Cal., navy yard and will be mounted at the soldiers' home. Six trophy cannon are now in the city, four from Santiago and two from Manila. One will be mounted in the city and the others at Fort Leavenmorth. A consecration service led by Mrs. Emma Somers opened the twenty-first annual convention of the Kansas W. C. T. U. at Newton. Addresses of welcome were made by Mayor Young, Superintendent of Schools Cooper, Rev. W. L. Garges, Mrs. S. R. Peters and Mrs. Lillian Mitchener. The response was by Mrs. Tinney, of Kirwin. Wesley Cummings, president of the State bank at Effingham, was found dead in his bed the other morning. The day previous his son-in-law, who was cashier of the bank. was discovered $850 short and resigned. This precipitated a run on the bank, but the Exchange national, of Atchison, stopped it by offering to cash all deposits. It was given out that the Effingham bank would quit. The trouble connected with his son-in-law's shortage and the run on the bank was thought to have caused Mr. Cummings' death. At the recent session of the grand chapter of the Grand Cross of Constantine, U. S. A., held at Philadelphia, the grand cross was conferred upon Dr. W. F. Kuhn, an oldtime resident of Eldorado, but recently of Kansas City, Mo. The honor of this Masonic distinction can be appreciated from the fact that under the ancient regulations A. D. 1119. which are