Article Text
The Harper National bank is in the hands of the government comptroller. and a receiver will be appointed. Too many loans, on poor security, is the cause.
6677. Harper National Bank (Harper, KS)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 3431
- Charter Number
- 3431
- Start Date
- January 15, 1890
- Location
- Harper, Kansas (37.287, -98.026)
Metadata
- Model
- gpt-5-mini
- Short Digest
7fdb6899
Response Measures
None
Receivership Details
- Depositor recovery rate
- 91.6%
- Date receivership started
- 1890-02-10
- Date receivership terminated
- 1894-07-21
- OCC cause of failure
- Excessive lending
- Share of assets assessed as good
- 38.7%
- Share of assets assessed as doubtful
- 31.8%
- Share of assets assessed as worthless
- 29.5%
Description
Articles report the Harper National Bank put into hands of the government comptroller and a receiver appointed (Jan 15, 1890). No run is mentioned. Subsequent articles (1890–1894) discuss the receiver John Watts paying dividends and final distributions, indicating the bank remained closed and in receivership (permanent closure). Cause of suspension: government takeover prompted by poor loans/insolvency.
Events (4)
1.
January 6, 1886
Chartered
- Source
- historical_nic
2.
January 15, 1890
Receivership
- Newspaper Excerpt
- The Harper National bank is in the hands of the government comptroller. and a receiver will be appointed. Too many loans, on poor security, is the cause. Mr. John Watts, receiver of the Harper National bank, who was in the city yesterday, made the EAGLE a pleasant call, ... A Dividend Declared. From the Harper Sentinel We are informed that a dividend of 20 per cent has been declared to the creditors of the Harper National bank. ... John Watts, the receiver, is entitled to much credit ... John Watts, receiver of the Harper National Bank, is paying a final dividend of nearly 12 per cent to depositors. This makes 90 per cent that depositors have recovered. (articles 1,2,3,5 confirm receivership and subsequent dividends.)
- Source
- newspapers
3.
January 15, 1890
Suspension
- Cause
- Government Action
- Cause Details
- Taken into hands of the government comptroller due to insolvency from too many loans on poor security.
- Newspaper Excerpt
- The Harper National bank is in the hands of the government comptroller. and a receiver will be appointed. Too many loans, on poor security, is the cause.
- Source
- newspapers
4.
February 10, 1890
Receivership
- Source
- historical_nic
Newspaper Articles (5)
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Article Text
Mr. John Watts, receiver of the Harper National bank, who was in the city yesterday, made the EAGLE a pleasant call, He says that the wheat fields for fifty miles sonthwest of Wichita would gladden the eyes of adybody. All over Harper county the grain stands rank and green about knee high, waving in the soft sunlight to the pressure of each passing breeze, with such a promise of a big yield as was never surpassed.
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Article Text
A Dividend Declared. From the Harper Sentinel We are informed that a dividend of 20 per cent has been declared to the creditors of the Harper National bank. The liabilities are understood to be about thirty thousand dollars: and all things considered, we think Mr. John Watts, the receiver, is entitled to much credit for the above showing-which will no doubt be highly gratifying to the creditors of his trust.
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Article Text
They are hoiding parlor suffrage meetings every week in Leavenworth. Forty-six young people were graduated from the common schools 01 Kingman county last week. Missouri wheat is being marketed in Leavenworth at the rate of about 5,060 bushels a day. It is worth 40 cents there. And still the Kansas City market is kept supplied with fish from the Kaw river in Kansas taken by seines contrary to law. There is an onion farm near Lawrence on which 130 gatherers are at present employed. They are paid 25 cents a bushel. A Leavenworth dealer has a display of poker chips in his window, and over them the sign: "Chips that pass in the night 50 cents." An irrigation meeting will be held at Oberlin next Saturday. It is expected that a county irrigation association will be formed. As the result of the teachers' examination at El Dorado, Butler county, 121 certificates were issued, and seventy-five applicants failed to pass. Miss Josephine Moon, an Emporia teacher has been elected to the chair of elocution and oratory in the Labette county high school at Altamont. Kingman county is more deeply in debt by $30,000 than it was in 1891. That was when the populists assumed control of the county government. Chanute's big race meeting will begin next Tuesday. The first day's program includes a yearling trot, 2:40 trot and a pacing race for 3-year-olds. The Gospel Union Bible school, which has been in progress at Bismarck Grove this week, has not been a howling success. The attendance has been distressingly light. A Kansas City, Kansas joint keeper has been arrested charged on fifty seperate counts with the illegal sale of liquor, and has been held for trial in the sum of $4,000. John Watts, receiver of the Harper National Bank, is paying a final dividend of nearly 12 per cent to depositors. This makes 90 per cent that depositors have recovered. Robert Harte committed suicide the other day at his farm near Newton in a fit of despondency. Foreclosure proceedings had been instituted, by which he would lose his home. Cards are out for the wedding of Dr. William Richards and Miss Alicia Roberts, both of Emporia. Dr. Richards s a prominent veterinary surgeon, and Miss Roberts is one of Emporia's most charming and popular young ladies. A Wichita man offered a reward for the recovery of the body of his drowned son and refused to pay it when it had been earned. The fellow whe earned the reward sued for it and on Thursday got a judgment for the amount. It paid Dr. Troughton to be special city physician during Atchison's smallpox scare. He got $15 a day for his services, and now that he has been discharged, is selling a "rich and racy" report of the epidemic at 25 cents a copy. No new men going into the emyloy of the Santa Fe at this point have been compelled to sign contracts which stipulate that they must renounce all labor organizations. New men are employed just as they always were, without any restrictions in that line.—Emporia Gazette. A terrible accident was narrowly averted on the Kansas Central Saturday evening. The burning of a seventy-five foot span bridge about one mile from Leavenworth was seen ir time. Before the evening train reached the bridge, as it was coming around a sharp curve, it was signalled, which saved many passengers from a horrible accident. The train was delayed about one hour. The great ambition of men of genius on the Central Branch seems to be to invent a weed cutter, and every summer from one to half a dozen patents are applied for covering such a machine. The weeds on the Central Branch are supposed to be worse than anywhere else on earth, but the inventors seem determined to triumph. The weed cutters are for use only along the railroad tracks, where the weeds grow over the rails and cause the wheels of the locomotive to slide. It costs the Missouri Pacific a fortune every summer to have the weeds cut along the Central Branch. Heretofore all patent weed cutters have been failures.—Atchison Globe. Atchison is paying 7 per cent interest on nearly $200,000 worth of municipal bonds. The Atchison Y. M. C. A. ran a stand at the grocers' picnic the other day and cleared $70. Garden City has a woman's suffrage club which holds weekl meetings and is organizing county clubs. A Parsons darkey, who is a great weather prophet said the other night: "I done put baccy stems in de fish last night and dey sizzled and fried like de end of a fiah crackah. Suah sine sah, gwine to have a storm fo' very long." Fish are being taken out of the Kaw at Kansas City, Kansas, by the thousand, with seine, in spite of laws to the contrary and a state fish commissioner to enforce them. There are at least fifty nets set not more than 200
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Article Text
They are holding parlor suffrage meetings every week in Leavenworth. Forty-six young people were graduated from the common schools of Kingman county last week. Missouri wheat is being marketed in Leavenworth at the rate of about 5,000 bushels a day. It is worth 4C cents there. And still the Kansas City market is kept supplied with fish from the Kaw river in Kansas taken by seines contrary to law. There is an onion farm near Lawrence on which 130 gatherers are at present employed. They are paid 25 cents bushel. A Leavenworth dealer has a display of poker chips in his window, and over them the sign: "Chips that pass in the night 50 cents." An irrigation meeting will be held at Oberlin next Saturday. It is expected that a county irrigation association will be formed. As the result of the teachers' examination at El Dorado, Butler county, 121 certificates were issued, and seventy-five applicants failed to pass. Miss Josephine Moon, an Emporia teacher has been elected to the chair of elocution and oratory in the Labette county high school at Altamont. Kingman county is more deeply in debt by $30,000 than it was in 1891. That was when the populists assumed control of the county government. Chanute's big race meeting will begin next Tuesday. The first day's program includes a yearling trot, a 2:40 trot and a pacing race for 3-yearolds. The Gospel Union Bible school, which has been in progress at Bismarck Grove this week, has not been a howling success. The attendance has been distressingly light. A Kansas City, Kansas joint keeper has been arrested charged on fifty seperate counts with the illegal sale of liquor, and has been held for trial in the sum of $4,000. John Watts, receiver of the Harper National Bank, is paying a final dividend of nearly 12 per cent to depositors. This makes 90 per cent that de. positors have recovered. Robert Harte committed suicide the other day at his farm near Newton in a fit of despondency. Foreclosure proceedings had been instituted, by which he would lose his home. The street car lines in Kansas City, Kan., refused the other day to carry letter carriers' free. Arrangements have now been made whereby they are to receive $720 a year for the service. Daisy Harris beat Doc. Brown at the swell colored cake walk at Leavenworth Wednesday night. Brown thought he wasn't beaten fairly and has challenged Harris to walk again for $50 a side. A Wichita man offered a reward for the recovery of the body of his drowned son and refused to pay it when it had been earned. The fellow who earned the reward sued for it and on Thursday got a judgment for the amount. 1 The rainmaker at Eureka received his guaranteed $300 for the rain of Wednesday. There were scores of other towns that caught as much or more rain whose only tribute to the rainmaker will be a few stray nickels dropped into the contribution box next Sunday. United States Marshal Walker arrested at Ottawa and took to Leavenworth, Thursday, C. A. and Clayton Moore. two Santa Fe strikers, of North Ottawa, who will answer the charge of intimidating United States employes before the United States court at that place. The great ambition of men of genius on the Central Branch seems to be to invent a weed cutter,and every summer from one to half a dozen patents are applied for covering such a machine. The weeds on the Central Branch are supposed to be worse than anywhere else on earth, but the inventors seem determined to triumph. The weed cutters are for use only along the railroad tracks, where the weeds grow over the rails and cause the wheels of the locomotive to slide. It costs the Missouri Pacific a fortune every summer to have the weeds cut along the Central Branch. Heretofore all patent weed cutters have been failures.-Atchison Globe. Atchison is paying 7 per cent interest on nearly $200,000 worth of municipal bonds. The Atchison Y. M. C. A. ran a stand at the grocers' picnic he 0 her day and cleared $70. Garden City has a woman's suffrage club which holds weekly meetings and