6616. Bank of Fort Scott (Fort Scott, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 31, 1895
Location
Fort Scott, Kansas (37.840, -94.708)

Metadata

Model
gpt-5-mini
Short Digest
b0a539da

Response Measures

None

Description

Contemporary articles describe the Bank of Fort Scott as a failure and report a receiver (C. W. Mitchell) appointed. The failure is attributed to the cashier having made away with everything in sight (embezzlement). No article describes a depositor run prior to suspension — classification is suspension leading to permanent closure/receivership. I corrected an OCR reading 'Fast Scott' to 'Fort Scott' when quoting the first article.

Events (3)

1. October 31, 1895 Receivership
Newspaper Excerpt
Assistant Attorney General Goddard has appointed C. W. Mitchell receiver of the wrecked bank at Fort Scott, Mr. Mitchell belongs to a local insurance firm, and his bond was fixed at $100,000.
Source
newspapers
2. October 31, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure caused by the cashier having made away with everything in sight (embezzlement/theft).
Newspaper Excerpt
As the investigations of the Fort Scott bank failure continue the wonder increases that Cashier Colean did not take the vault and fixtures. Assistant Attorney General Goddard has appointed C. W. Mitchell receiver of the wrecked bank at Fort Scott, Mr. Mitchell belongs to a local insurance firm, and his bond was fixed at $100,000.
Source
newspapers
3. November 8, 1895 Other
Newspaper Excerpt
The failure of the Bank of Fort Scott, caused by the cashier having made away with everything in sight, proves again that it would never do for the government to go into the banking business.---Clay Center (Kan.) Dispatch.
Source
newspapers

Newspaper Articles (2)

Article from Hutchinson Gazette, October 31, 1895

Click image to open full size in new tab

Article Text

1886. In an orchard in McPherson county there are seven cherry trees in full bloom. If Corbett really wants to fight he e should address Tug Wilson of Cowley county. A dance at the insane asylum marks the opening of the social season at Topeka. The old soldiers at Atchison have resoluted against the police commissioners. One poor Topeka mortgage company has been compelled to become owner of 300 houses. The state school fund appears to be holding a sack instead of some Scott county bonds. Leavenworth'sapple carnival will be incomplete without Cy Leland and his apple jack. Baker university has shut off foot ball and is instructing the students in military tactics. A earload of apples which was sent from Ottawa to Philadelphia didn't bring enough to pay the freight. The success of a dog at the Goodland coursing meet may be said to depend on "knowing more than a rabbit." Some people have gone so as to charge the frequency of violent deaths in Pittsburg to the large kilns there. Osborn is as proud of her new waterworks plant as a boy with a new top and it only cost her $7,000. Cheap enough. An "informal wedding" at Fort Scott is when the pair drive to the probate judge's office and have the hackman for a witness. Old soldiers within a radius of 200 miles of the soldiers' home at Leavenworth, will hold a big reunion at the home November 2nd. Commissioner Saxon of Pottawatomie county has just returned from Scotland, where he sold a consignment of horses at good prices. "When the corn is waving, Annie dear," will be sung with cornet aecompaniment at a Holton social, unless Providence prevents. The M. K. & T railroad peopleshould feel thankful that their conductor who disappeared at Kansas City recently didn't take his train with him. As the investigations of the Fast Scott bank failure continue the wonder increases that Cashier Colean did not take the vault aud fixtures. Assistant Attorney General Goddard f has appointed C. W. Mitchell receiver of the wrecked bank at Fort Scott, Mr. Mitchell belongs to a local insurance firm, and his bond was fixed at $100,000. A. Garrett, of Derby, was somewhat I surprised last week when he was presented with a note for collection for a $65 for cigars bought in Denison, Tex. As Mr. Garrett was never in the state p of Texas in his life, he has concluded he does not owe for any cigars here. Those poor fakirs will have to try o someone else. The other day a Lawrence deaf P mute was writing an ad. for the paper, S and coming to a word that stuck him a in spelling he proceeded to spell it out t on his fingers, and followed this with his pencil and had no further trouble r in getting the word right. Lots of c people not deaf mutes have nimbler t fingers than minds. I A. C. Hutehison who was one of the brightest and best editors in western S Kansas one year ago, is now in CripD ple Creek, Col., holding down a gold S mine, and also looking after the editoT rial interests of the Mirror. He visits V Kansas at regular intervals and will C eventually succumb to the charms of a n Greely county maiden. The Gove City Gazette is making a n fight for the county high school propoo sition, which will be voted on in that N county this fall. It figures it out h that after the Union Pacific, the big f lumber and land corporations and W the non-residents pay their share the in people will have to pay only eight cents per capita to meet the annual W expense. O A novel idea has been put into act tion by one of Sumner county's citiS zens. He has a herd of cattle which d he drives to pasture in the morning c and home at night. He also has a bir cycle. One night a reportersattention = was called to the fertile minded man as he went down the road on his "bike" driving his heard of cattle. He could fi


Article from The Kinsley Graphic, November 8, 1895

Click image to open full size in new tab

Article Text

POINTS FOR THE PEOPLE. -Esch generation should pay its own debts. Shoving the settling business on your children makes repudiation respectable. -The world owes no man a living Every man must earn that for himself. But the world does owe him an opportunity of making a living. St. Louis Morning Journal. -The street railways are capitalized at $985,000,000, but they only cost $300,300,000. According to this the franchises, which cost them but little, are worth $685,000,000.-Detroit People. -Depositors in banks were robbed of $7,000 a day during the year 1894. The republican and democratic parties stand for the perpetuation of this sort of thing. The people's party favors government banks.-Clay Center Dispatch. -K. J. Jefferson, of Muscatine county, Ia., says: "My belief is this: Unless the ablest and most sternly radical men are put to the helm, the people's party will fizzle out in a mist. Let it te emphasized that wealth belongs to him who produces it." -Of all the many senseless and brutal theories which practical men support, the most fatuous and bestial is the theory of competition. Under its operation the strong devour the weak, justice is perverted and society flourishes by the antagonism of its individuals.-Humanity. -The failure of the Bank of Fort Scott, caused by the cashier having made away with everything in sight, proves again that it would never do for the government to go into the banking business. That is, according to the logic of some people we know.-Clay Center (Kan.) Dispatch. -If every one did his fair share of the work done in this country, nobody need work more than three hours a day. You do more in order that somebody may get off with less; and then you go and vote the old party tickets as if you liked to be kept on the treadmill.-Star and Kansan. -Wealth belongs to the man who creates it and all wealth is created by labor. The poor devil who is selling orn at 15 cents and potatoes at 18 cents and other products proportionately low, is not getting a just return for his labor and will not until our financial system is changed. -Independent. --We serve notice now that the end of this fall campaign is but the beginning of a greater one. Populists will march right on just as though there had been no election. The editor of this paper is open for engagements to speak at any date from November 7, 1895, to November 7, 1896.-Salt Lake City Inter-Mountain Advocate. -The democrat like Senator Vest, who wears himself out talking for free silver and then says if the democrats nominate a gold standard candidate he will give him a hearty support, and all loyal democrats will rally to his support, may be an astute politician, but he is alike destitute of principle or patriotism. Partyism is all he can boast of. Star and Kansan. -The great question of the future is money against legislation. My friends, you and I will be in our graves long before that battle is ended, and, unless our children have more patience and courage than saved this country from slavery, republican institutions will go down before moneyed corporations. Rich men die, but banks are immortal and railroad corporations never have any disease. In the long run with legislatures they are sure to win.. Wendal Phillips. -There is to be a concerted action on the part of labor to make a decisive stand for an eight-hour day in 1896. The power of organization is gradually and slowly shaping the forces for the contest, and when it comes it will be so sweeping and general that nothing can resist it. It will be a fight to a finish and will win. It must and shall win. The very life and liberty of trades unions and the individual members themselves depend upon this struggle.-Journal of Labor. -Most people are so little posted on political economy that they believe it is capital that pays labor. In short, that wages are drawn from capital; that it is from the store of the employer that the workman gets his wages. The fact of the matter is, the workman renders to his employer a greater value than he receives in wages. He creates the value of his wages before he secures it. Hence, instead of wages being drawn from capital it is compensated from the value which labor itself creates. Kansas City (Mo.) Humanity. WHAT OPPRESSES. The Unlimited Issuing of Bonds Is What