6620. Fort Scott State Bank (Fort Scott, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 14, 1895
Location
Fort Scott, Kansas (37.840, -94.708)

Metadata

Model
gpt-5-mini
Short Digest
9823bd83

Response Measures

None

Description

Cashier J. R. Colean embezzled large sums (reported shortage grew to $50,000). The bank suspended operations (closed doors Oct. 14, 1895) and a receiver (C. W. / C. M. Mitchell) was appointed. Reports discuss settlement and a proposed 25% dividend, consistent with a failed bank in receivership rather than a temporary run; no run is described.

Events (2)

1. October 14, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier J. R. Colean found to be a defaulter; initial shortage reported then later shown to be about $50,000 due to embezzlement/defalcation.
Newspaper Excerpt
J. R Colean, cashier of the Fort Scott State bank, is a defaulter and the bank has suspended.
Source
newspapers
2. October 30, 1895 Receivership
Newspaper Excerpt
C. W. Mitchell, receiver for the wrecked Fort Scott State bank, which closed its doors October 14, owing to the heavy defalcation of its cashier, ... C. M. Mitchell has been appointed receiver of the defunct Fort Scott State bank.
Source
newspapers

Newspaper Articles (5)

Article from Barton County Democrat, October 17, 1895

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ticians in Great Bend yesterday predicted the election of Ira Brougher by 200 majority. The Lyons Democrat has moved to Sterling. The Topeka Journal is putting up a building. The sale of the Santa Fe road will occur in November. The Topeka schools are closed on account of diphtheria. Two wells were poisoned in Topeka last week, but were discovered in time to ayert fatality. Dr. Tandy, who advertises himself as a specialist over the state, is a snide quack and a fraud. It is very probable that there will be a scarcity of freight cars on all western lines this fall. John R. Mulvane has added more land to the already large Mulvane ranch near Rossville. J. R Colean, cashier of the Fort Scott State bank, is a defaulter and the bank has suspended. C. K. Holliday of Topeka has accepted the nomination as an independent candidate for chief justice It is said the populists will next year advocate state control and sale of liquor, as in South Carolina. Senator John Martin will resume the practice of law in Topeka upon the expiration of his senatorial term. The Santa Fe's taxes in Kansas amount to $800,000-almost enough to keep the district schools of the state running. The Kansas State Agricultural college has sent out a preliminary circular on Kansas weeds in which it asks for specimens of the weeds from every county in the state to aid the department of botony in the prepara: tion of a bulletin upon the distribution, or range, in Kansas of the var' ious kinds of weeds.


Article from Marshall County Independent, October 25, 1895

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# WESTERN. At Kansas City thieves robbed Mr. and Mrs. William D. Bassett, who are on their honeymoon trip, of valuable wedding pres-ents. At St. Johns smugglers have brought in enormous quantities of rum. One schooner owner in twelve months got 4,200 gallons of rum. A negro named Bob Marshall was tarred and feathered at Greeley, Colo., for having insulted Gov. McIntyre at the Potato Day celebration. There were eight fatal casualties at Milwaukee Friday. The worst of the accidents was at No. 828 7th avenue, where three men were asphyxiated in a well. The satchel containing $120,000 securities of the defunct Fort Scott Bank, lost by Bank Examiner Breidenthal, of Kansas, was found in a railroad car at Denver. Five women who had been attending a Dunkard meeting at Ottawa, Kan., were thrown from a carriage by runaway horses. All were seriously and one fatally injured. By the explosion of a boiler in a sawmill near Paris, Texas, George Johnson, the colored engineer, was torn to fragments. Two farmers standing near were fatally hurt. A brutal murder occurred in Grant County, South Dakota. Frank Kaatsitz, a German, went home about 4 p. m., in an intoxicated condition, and quarreled with his wife and kicked her to death. Peculiar meteorological conditions prevailed in the Northwest Friday. In North Dakota the first snow of the season fell, and in South Dakota and Minnesota high winds and sand and dust blizzards prevailed. Dan E. Young, an old citizen and prominent politician of Folsom, N. M., was murdered in Oak Canon. He had been shot from behind and was badly bruised on the head. It is thought the whitecaps, some of whom he had exposed, are connected with the murder. Lem Gammon, postmaster and general storekeeper, at Ramah, Colo., was bound and gagged by four masked men, who robbed the store and postoffice of $200 in cash, a quantity of stamps and other valuables. The sheriff and posse are trying to track the robbers with blodhounds. Meredith Mahan and Francis M. Chilton, of Eminence, Shannon County, Mo., were found in their room at the Ridgeway Hotel, St. Louis, the former dead and the latter unconscious and dying from suffocation by gas. The men were well-known stock raisers. It is supposed to be a case of blowing out the gas. Developments in the case of Defaulting Cashier J. R. Colean, of the Fort Scott, Kan., State Bank, shows his shortage to be $50,000 instead of $23,000, as at first supposed. Vice President Stewart says that Colean literally gutted the reserve fund, realizing on $20,000 of the best securities held by St. Louis, New York and Kansas City banks. San Francisco has had bloomer balls, bloomer marriages and now a bloomer restaurant has been opened in the very business center of the city. The restaurant is called the "Bloomer Cafe" and has been a success from the start. Four shapely girls, attired in neat fitting bloomers, attend to the wants of the customers and have proved such an attraction that more girls will have to be employed to take care of the increasing trade. At Ceylon, Ind., the pay car on the Grand Rapids and Indiana Railroad was wrecked Friday and three men killed and several badly injured. A gang of bridge workers had pushed their car on a switch to let the pay car pass, but neglected to close the switch and the train, running fifty miles an hour, dashed into them. The pay car and engine were wrecked. Physicians from Decatur and a wreck train went to the scene. Two of the dead men have large families. Fire broke out in the main hoisting slope of the Oregon Improvement Company's mine, at Franklin, Wash., causing the death of John H. Glover, S. W. Smalley, John Adams and James Stafford. The accident was caused by August Johnson, who dropped his lamp, setting fire to a gas feeder. Instead of throwing a shovelful of dirt to put it out, he ran down the slope to get the pit foreman. While he was bringing help the timbers caught fire. Finding that the flames could not be extinguished, the four men named volunteered to go down and close a door between the main and auxiliary slopes. It is supposed they never reached the bottom alive, but the bodies have not been recovered. The sawmill of E. W. Backus & Co., at Minneapolis, Minn., was destroyed by fire Friday evening. The loss will be $125,000 and 400 men are thrown out of employment. The mill shut down at 6 o'clock, but had considerable lumber to saw and as a general thing has been running night and day. There was considerable lumber around the mill, but it was all saved in spite of a fierce wind. The mill con-


Article from The Advocate, October 30, 1895

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KANSAS NOTES. / A creamery company is being organIzed at Holton. The Rock Island is boring for artesinn water at Herington. Every Populist exchange contains encouraging reports of political conditions. Cherry trees were reported to be in bloom in various parts of the State last week. The Northeast Kansas Medical So. ciety had a meeting at Whiting October 22. Dr. Mabel Spencer has been appointed county physician of Riley county. The gold-bug crowd regard Calderhead as an available candidate for Senator. The Topeka Capital says there are ten joints running on Kansas avenue in Topeka. It is said that work on the Hutchinson, Oklahoma & Gulf extension will begin at once. C. W. Mitchell, an insurance man, has been appointed receiver of the Fort Scott bank. The Atchison Champion believes Chief Justice Martin will have 150,000 majority this fall. The Little Arkansas is being stocked with fish near Halstead by the State Fish Commissioner. The Wichita Beacon wants the people to quit putting corporation attorneys in public positions. Governor Morrill has appointed delegates to the Traveling Men's Congress at Atlanta November 13. J. W. Sponable, a Miami county banker, offers to give $1,000 to 8 county high school if the county will do something. The Massachusetts Agricultural College - will make Secretary Coburn's report on alfalfa a text-book on the subject. The First National bank at Welling ton, capital $50,000, closed its doors October 22. The deposits amount to $31,000. The Leavenworth Times says that the boom for Morrill for Vice President is the "sorriest bosh ever perpetrated." The Wichita Eagle observes that it in time the prohibition and whisky dranks of Kansas were giving reason sble people a rest. E. T. Carr, of Leavenworth, was elected Lieutenant Grand Commander as the Supreme Council of Scottish Rite Masons at Washington. Rev. Richard Cordley has written 8 300-page history of Lawrence. He i well fitted for such a work and the his tory is doubtless all right. The Goodland Military band, under the leadership of J. M. Jordan, wor the banner offered at the Denver car nival for the best marching band. In Jewell county it costs $855.37 year less for county printing under 8 Populist administration than under previous Republican administrations Ex-Secretary of State E. B. Allen needed the delegation of Wichita busi


Article from Phillipsburg Herald, November 7, 1895

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Kansas Notes. Prairie fire did cousiderable damage in and around Brookville, Saline county. The Topeka pension office uses 130,COD envelopes each quarter, or 520,000 annually. C. M. Mitchell has been appointed receiver of the defunct Fort Scott State bank. James Seward of Boston will start a tannery at Atchison if the people will put up $100,000. Baker university has shut off football and is instructing the students in military tactics. Osborne county sends horses and young men to Louisiana to grow up with the country. Texas, Oklahoma and Colorado trade is picking up and the Santa Fe has added more trains. Bank robbers all but secured $30,000 from Mr. Morley's bank at Severance, when they were frightened off. Representative J. G. Johnson of Anderson county, has been appointed receiver of the Bank of Garnett, Kan. Twenty cents a bushel is all that is being offered in Miami county for choice hand-picked winter apples, delivered at Paola. It is said that no judge has served a full term in the Eldorado district since 1881, and ten judges have been on the bench in that time. State Accountant Challenor's report on the books of the Board of Public Works criticises the old board and praises the new. C. O. DeTurk, traveling salesman for the Lehman-Higginson Wholesale Grocery Company of Wichita, has been arrested for the embezzlement of $2,000 belonging to the firm. Horace S. Clark, brother of George W. Clark, Populist member of the Kansas court of appeals, will be a candidate for governor before the Republican state convention of Illinois in 1896. Miss Jessie M. Parker, formerly a pupil of the Hutchinson public school, has been nominated by the Republicans of Douglas county. Colorado, for the office of Superintendent of Public Instruction.


Article from Phillipsburg Herald, December 12, 1895

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KANSAS NOTES. A Topeka man deals in cat hides. The Neawaka Wasp and the Whiting Sun P.Je consolidated. A Wichita firm is feeding 15,000 head of sheep in Harper county. Goodland will substitute wind for steam at the city water works plant. Saline county farmers are shipp.ng baled alfalfa to the St. Louis market. Stafford county farmers have discovered that a profitable crop for them coler si The proprietor of a new billiard hall puoq 000'8$ B dn and has MoPhiers 78 behavior. pood дој Bailey Waggener will run for the Legislature against John Seaton in Atchison next year. The Medicine Lodge sugar mill has been appraised at $12,000 and December 17 it will be sold. An Iowa Association is to be formed among the veterans at the home who enlisted from that state. The cattlemen of Chautauqua county are dehorning their Texas stock. One firm bas dehorned 1,100 head. Mrs. M. W. Dunaway, formerly of Hoxie, has been elected county superintendent of Lincoln county, Colo. Western Kansas farmersare said to be sowing an immense acreage of wheat, do.ro pood U JoJ prospects out pue flattering. Jefferson county's corn average this year is thirty-eight bushels an acre, fourteen more than that of the state whole B SU Frank Warner of Stafford county, produced forty bushels of beans on three acres of ground, and sold the 088 aop do.to There is such a demand in Kingman county for corn to crib on speculation that ear corn brings two cents a bushel more than shelled corn. Iola's latest strike is a salt water well and surf bathing will probably be enumerated among the attractive features of life in Gasville next sumLeavenworth bakers are engaged in B bread war, and the public is now privileged to buy the staff of life at the rate of forty-four loaves of bread TS JOJ A melancholy sign at the Leavenworth Soldiers' home is the cemetery containing over 1,100 graves. The home has not been in existence ten years. The Kansas City, Kan., Gazette says there are 150 liquor cases on the docket of the Wyandotte District court that have been appealed from the police court. Letters from people with ailments, from every portion of the United States, are pouring in upon Wentworth, the Atchison "healer," by the hundreds in every mail. Osage City Free Press: The Osage Carbon Company's pay roll in this city on Saturday was $20,453.29. They also paid $869 to the Scandinavian Company. At Scranton their pay roll was $6,879.78. to oug B 71 males statute Tederal V $500 to kill game in an Indian reservation, and the Osages have ordered their police to make arrests Kansas men who hunt in the territory should make a note of this. In a game of foot ball at Eureka between Tewis Academy, Wichita, and the Southern Kansas Academy of Eureka, Robert Jeene of the Eureka team received spinal injuries that are thought to be fatal. An evidence of the improved condition of the people of the state is afforded in the fact reported from nearly all the different counties that the proportion of taxes paid during the first and Streaty si Noverber Jo weeks OM3 excess of the '93 and '94 payments. U.I 07 scoop Jo rache V Johnson of near Atchison treed a 'possum. Johnson climbed the tree to shake down the 'possum, but missing his hold, fell among the dogs, and they, mistaking him for the game, jumped upon him and terribly lacerated him before he could free hims elf. C. W. Mitchell, receiver for the wrecked Fort Scott State bank, which closed its doors October 14, owing to the heavy defalcation of its cashier, B ano Biren 1snf seq Colean a T statement to the effect that the collecpue eduys pood up and coming 0.10 thons that he will pay a 25 per cent dividend aed 25 B male To 'gT December thout cent payment will require about $26,000, which amount has already been collected. Santa Fe freight engineers on the division between Hoisington and Hor-