6638. Bank of Garnett (Garnett, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 22, 1895
Location
Garnett, Kansas (38.281, -95.242)

Metadata

Model
gpt-5-mini
Short Digest
8bcf2551

Response Measures

None

Description

Multiple contemporaneous articles (Oct 22, 1895) report Bank Commissioner Breidenthal taking possession and a receiver to be/was appointed; no contemporaneous article describes a depositor run as cause. The bank had previously suspended during the 1893 panic but the 1895 action is a formal takeover/receivership by the commissioner. OCR typos in some articles corrected (e.g., 'stookholders' -> stockholders).

Events (2)
1. October 22, 1895 Receivership
Newspaper Excerpt
will be asked to appoint a receiver... Bank Commissioner Breidenthal took possession of the Bank of Garnett for the benefit of its creditors. ... turned over the Bank of Garnett to its receiver, John G. Johnson (article Nov 1).
Source
newspapers
2. October 22, 1895 Suspension
Cause
Government Action
Cause Details
State Bank Commissioner Breidenthal took possession of the bank and placed it under examination; district court to be asked to appoint a receiver.
Newspaper Excerpt
Bank Commissioner Breidenthal took possession of the Bank of Garnett yesterday morning, for the benefit of depositors, creditors and stockholders
Source
newspapers

Newspaper Articles (11)
1. July 26, 1895 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, July 26, 1895

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Article Text

-Save money by having your old clothes dyed at the Garnett Laundry. -The Bank of Garnett has brought suit for damages against the county commissioners and the First National Bank. These suits have grown out of the trouble whereby the Bank of Garnett was compelled to close its doors some time ago. -Keep your money at home by patronizing the Garnett Laundry. -Isn't it about time for our city officials to levy another assessment on the joints that are running wide open, and have been since the day the last arrests were made? Wonder if they think the people don't know the difference between "enforcement of the law" and fines that are a license, amounting virtually to protection of the traffic. --Luke Bell has gone to Galveston, Texas, on a visit of several months. -The Garnett Laundry will do your work at living prices.

2. October 22, 1895 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, October 22, 1895

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Article Text

Bank of Garnett, Kan., Fails. GARNETT, Kan., Oct. 22.-Bank Commissioner Breidenthal took possession of the Bank of Garnett yesterday morning, for the benefit of depositors, creditors and stookholders, and is now engaged in an examination of its affairs. This bank closed down in the panic of July 1893, and resumed business in November of the same year. The management struggled hard to place it on a paying basis, but failed. The district court, which is now in session, will be asked to appoint a receiver. It is believed no one but the stockholders will lose anything.

3. October 22, 1895 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, October 22, 1895

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Article Text

Garnett, Kan., Bank in Trouble. GARNETT, Kan., Oct. 21.-Bank Commissioner Breidenthal took possession of the Bank of Garnett this morning for the benefit of its creditors. The assets and liabilities are not stated, though it is claimed the stockholders will be the only losers. This bank supended for six months during the panic of 1893.

4. October 23, 1895 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, October 23, 1895

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Article Text

of Garnett, Kan., Falls. GARNETT, Kan., Oct. 22.-Bank Commissions Breidenthal took possession of the Bank of Garnett yesterday morning, for the benefit of depositors, creditors and stookholders, and is now engaged in an examination of its affairs. This bank closed down in the panic of July, 1893, and resumed business in November of the same year. The management struggled hard to place it on a paying basis, but failed. The district court, which is now in session. will be asked to appoint a receiver. du is believed no one but the stockholders will lose anything.

5. October 24, 1895 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, October 24, 1895

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Article Text

Bank of Garnett, Kan., Fails. GARNETT, Kan., Oct. 22.-Bank Commissioner Breidenthal took possession of the Bank of Garnett yesterday morning, for the benefit of depositors, creditors and stookholders, and is now engaged in an examination of its affairs. This bank closed down in the panic of July, 1893, and resumed business in November of the same year. The management struggled hard to place it on a paying basis, but failed. The district court, which is now in session, will be asked to appoint a receiver. It is believed no one but the stockholders will lose anything.

6. October 24, 1895 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, October 24, 1895

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Article Text

A SECOND FAILURE. The Bank of Garnett, Kan., Again in the Hands of a Receiver. GARNETT, Kan., Oct. 22.-Bank Commissioner Breidenthal took possession of the Bank of Garnett yesterday morning. for the benefit of depositors, creditors and stockholders, and is now engaged in an examination of its affairs. This bank closed down in the panic of July, 1893, and resumed business in November of the same year. The management struggled hard to place it on a paying basis, but failed. The district court, which is now in session, will be asked to appoint a receiver. It is believed no one but the stockholders will lose anything.

7. October 25, 1895 The Goodland Republic Goodland, KS
Article from The Goodland Republic, October 25, 1895

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Article Text

Bank of Garnett Closed. GARNETT, Kan., Oct. 22.-Bank Commissioner Breidenthal took possession of the Bank of Garnett for the benefit of its creditors. The assets and liabilities are not stated, though it is claimed the stockholders will be the only losers. This bank suspended for six months during the panic of 1993.

8. November 1, 1895 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, November 1, 1895

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Article Text

LOCAL HAPPENINGS. -The following is the result of the examination held in Garnett on last Saturday. There were nine applicants, eight of whom were successful, as follows: SECOND GRADE--Mollie Griffith, U. P. Wardrip, Joseph Lamont and Judson Baker. THIRD GRADE-H. B. Wren, Ida Messenger, Florence Marsh and Amy Griffith. L. W. STILWELL, Co. Supt. --Bank Commissioner Breidenthal came down from Topeka, Tuesday, and turned over the Bank of Gar. nett to its receiver, John G. John son. --Ex Congressman Jeff Hudson, of Fredonia, was in town the first of the week, on legal business. --John Powell was up from Lane Tuesday, on business -Monroe's double-pressure cider. mill will run Tuesdays, Wednesdays and Thursdays. One block south of west end of 7th Avenue. tf -- Mayor Wagstaff, Judge Miller, J. McMullen, JakeShall, Will Cloud, John Long, Dr. Smith, Billy Hemp. stead, Chas. Wentz, John Doll, W. H. Stein, Ed Stein and Leper Adams went to Kincaid, Tuesday, to organize a K. of P. lodge. --Fred Trigg went to Hutchinson, Sunday night, where he has accepted the position of city editor of the News, -Mrs. Henry Bogen, of Cincinnati, is visiting !!enry Henson and wife and Ad Clin and wife. --Miss Mollie Henson arrived from Illinois, Tuesday, on a visit to Henry Henson and wife and Ad Cline and wife. -Miss Prudence Stanley return. ed, Saturday, from 4 three-weeks visit with friends at Girard. --Take your work to the Garnett Laundry and keep the money at home. -If you want to buy or sell a farm, call on D. M Moore & Co, Bank of Garnett building.

9. November 6, 1895 The Advocate Topeka, KS
Article from The Advocate, November 6, 1895

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Article Text

Some News About Kansas. from the cities named: Fort Scott, Hiawatha has a 10,000 club. 1,700; Leavenworth, 8,733. The registration at Emporia was The London papers are giving con1,955. siderable attention to Professor Dyche, Cherokee is now a Presidential post of the State University. office. Challinor is going down to Emporia The Emporia Umbrella has susone of these days to give the Normal pended. School people a few pointers. Horton complains of too many tramp A Pottawatomie county farmer is printers. writing a book in which he attempts The football craze has struck Arkanto prove that the earth is flat. sas City. J. Sam Brown, of Sedalia, Mo., has The first Appellate court report is been appointed receiver of the First being printed. National bank of Wellington. A new State bank is being organWhile drilling the prospect well at ired at Mt. Hope. Wichita a subterranean lake thirtyThe Agra News will move to some four feet deep was discovered. point in Nebraska. Col. W. H. T. Wakefield, of LawThe Salvation Army is building barrence, has moved his printing office racks at Pittsburg. from Lawrence to Mound City. The Kansas Sunflower will be moved Professar Dyche may make another from Clyde to Holton. northern expedition. New York parThere are 2,300 veterans at the Leavties are interested in the project. worth Soldiers' Home. The synod of the Reformed church The Hart Pioneer nurseries at Fort has ordered the sale of the Wichita Scott handle 150 employes. university to pay off its obligation. Snow was reported October 30 in The Kansas City Mail thinks Marsh western and central Kansas. Murdock will succeed Senator Peffer if he is not nominated for Governor. A tannery will be built at Atchison if 8 bonus of $100,000 is given. Representative J. G. Johnson has Six hundred tons of broomcorn were been appointed receiver of the Bank of raised in the vicinity of Alton. Garnett, which recently closed its doors. The Supreme court will hear the Snow-Hudson case November 8. Dick Blue made a speech at Emporia October 29 in which he scored Kearney county shipped ten cars of the Populists and defended the Demogarden seed to Chicago dealers. crats. The 220 miners at Scranton are now Bishop Hennessy, of the Catholic working full time at living wages. church, administered the rites of conOctober was the coldest in seven firmation to 143 persons at Salina Ocyears and the dryest in nine years. tober 30. A 78-year-old Sumner county man A jack-rabbit with horns and whiskhas plowed 200 acres of land this fall. ers looking much like a dwarfed billyThe Columbian Magazine is a {new goat was shot near Dodge City semi-monthly publication at Emporia. recently. The city of Salina is preparing to G. W. Ifland has retired from the own and operate the city waterworks. Sedan Lance, and his former partner, G. V. Johnson. will handle it alone John Waller and 'Gene Ware were hereafter. Presidential electors on the same ticket once. More marriage licenses have been isThe corner-stone of the new Masued in Labette county this year than sonic Temple at Salina was laid Novemin any previous year in the history of ber 1. the county. Last year's pass agreement has been At the meeting of the Sons of the continued by agreement of all Kansas American Revolution at Topeka a roads. resolution was adopted favoring Cuban The Kansan says there are more independence. joints running in Pittsburg than ever Bent Murdock wants the number of before. Supreme court Justices increased to Ware and Ingels were candidates five because a court of three members on the Pawnee county Republican is overworked. ticket. J. W. Parker, an Atchison appleThe Salina Republican, Bristow's grower, recently shipped twenty-eight old paper, is against Morrill for renombarrels of selected apples to the Emination. peror of Germany. A new engine house is to be built at An attempt to rob the Bank of Sev once at the Soldiers' Orphans' Home at erance recently was frustrated from Atchison. some unknown cause just as the vaults The registration at Kansas City, were almost blown open. Kas., was about a thousand less than John Higgins, a brother of Bill and last year. ex-Deputy Warden of the PenitenArchdeacon Brady, of Manhattan, tiary, has started the News, a weekly of the Episcopal diocese of Kansas, Republican paper, at Lansing. has resigned. Governor Glick says there are about The Kansas University football 31,000 pensioners in Kansas and that team beat the Iowa team by a score of there are about 2,000 old soldiers in the

10. November 7, 1895 Phillipsburg Herald Phillipsburg, KS
Article from Phillipsburg Herald, November 7, 1895

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Article Text

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.

11. October 22, 1897 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, October 22, 1897

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Stock-Holders Are Not Liable. GARNETT, KAN, Oct 18.-In the District court here today Judge Samuel Riggs made a most import ant ruling in the matter of liability of stock-holders. In the case of Thomas Dowles against the Bank of Garnett, which failed two years ago, the plaintiff prayed that all creditors be enjoined from bringing suit against any stock holder under the double liabilaty law, but that the receiver be ordered to bring suit against the stock-holders to recover the statutory liability. Judge Riggs granted the injunction and stopped the creditors now suing to recover what they lost in the bank failure. It is the first decision of its kind ever rendered in Kansas. Many preminent attorneys were here to listen to the decision and the general opinion among them is that the decision is sound If sustained it will revolutionize practice in regard to recovery from stock holders by individual creditors and make the liability a part of the assets of the bank, to be equitably divided among the depositors. It is a great protection to small creditors and prevents a waste of assets in indivual suits, -Kansas City Times.