6693. Merchants State Bank (Hoisington, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 9, 1897
Location
Hoisington, Kansas (38.518, -98.778)

Metadata

Model
gpt-5-mini
Short Digest
3038fb6f

Response Measures

None

Description

Newspapers (Jan 9–16, 1897) report the Merchants' State Bank of Hoisington has gone out of business, paying depositors in full and transferring its business to the Hoisington State Bank. This indicates a voluntary closure/transfer (no run reported, no receivership).

Events (1)
1. January 9, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank went out of business voluntarily; paid depositors in full and transferred business to Hoisington State Bank.
Newspaper Excerpt
The Merchants' State bank of Hoisington has gone out of business, paying depositors in full and transferring its business to the Hoisington State bank.
Source
newspapers

Newspaper Articles (2)
1. January 10, 1897 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 10, 1897

Click image to open full size in new tab

Article Text

one-tr. ORCHARD & WILHELM CARPET CO. Troubles in the Business World. MILWAUKEE, Jan. 9.-The Builders' and Traders' exchange has made an assignment. The principal assets consist of the six-story building occupied by the exchange and the ground upon which it stands. This property is mortgaged to the Northwestern Mutual Life Insurance company for $70,000. Other liabilities amount to about $20,000. NEW YORK, Jan. 9.-Oscar Hammerstein, having made a satisfactory arrangement with his creditors, an order of court was made today setting aside the receivership proceedings involving the Olympia Music hall, the Columbia theater and the Harlem theater. OKLAHOMA CITY, Okl., Jan. 9.-0. A. Micher & Co., proprietors of one of the largest dry goods and clothing establishments in the territory, have failed. CINCINNATI, Jan. 9.-The Walker White Lead company, with a factory on Budd street, confessed judgment for about $10,000 and was taken charge of by a deputy sheriff. The paid-up capital of the company is $504,000. No statement of its liabilities has been made. The recent sudden death of Martin Weber, its vice president and financial backer, brought about a pressure by creditors. A receiver will be appointed. NEW YORK, Jan. 9.-The Stewart Ceramic company, manufacturers of washtubs, basins and ceramic ware, today assigned to Anthony R. Porter. The company was incorporated under the laws of 1892, with a capital stock of $200,000. HOISINGTON, Kan., Jan. 9.-The Merchants' State bank of Hoisington has gone out of business, paying depositors in full and transferring its business to the Hoisington State bank. The only reason made is lack of business. No figures are given. MILWAUKEE, Jan. 9.-R. A. Shores and E. A. Shores, jr., made a personal assignment to ex-Governor Upham, who gave a bond for $200,000. They are stockholders in the Shores Mining company, Shores Lumber company and Shores Building association. Application has also been made for a receiver for the Shores Lumber company. SYRACUSE, N. Y., Jan. 9.-The book and stationery firm of Thomas Durston & Son was closed today on judgments issued to local bankers aggregating $20,000 and one to a brother for $4,700. The firm was the leading one in its line of business. Liabilities and assets are not given.

2. January 16, 1897 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, January 16, 1897

Click image to open full size in new tab

Article Text

a resolution instructing the senators and congressmen from that state to try and bring about the passage of an act recognizing the independence of the patriots of Cuba. Charles Walstrom and Mike Martim. who lived on an island across the bay from Charlevoix, Mich., were murdered by unknown parties. The First national bank of Alma, Neb., was closed with liabilities of $134,000. Robert Laughlin was hanged at Brooksville, Ky., for the murder of his invalid wife and 14-year-old nieco. After the murder he set fire to the house and the bodies were consumed. Senator-elect Money, of Mississippi, who has just returned to Washington from a two weeks' visit to Cuba, says that Spain is unable to cope with the insurrection; that she will never put it down; and will never end the war with victory to herself. Altman & Co., clothiers at Buffalo, N. Y., suffered a less of $150,000 by fire. Prof. Brooks, of Geneva, N. Y., announces observations of an enormous sun spot now on the sun's face and visible to the naked eye through a smoked gless. Fire destroyed the stables of the Norfolk (Va.) Driving Club and Fair association. together with 13 race horses valued at $30,000. Herman Slimm killed his wife and son at Janesville, Wis., and then committed suicide. Domestic trouble was the cause. A national congress of mothers will assemble in Washington on February 17 next to discuss the best methods of inculcating into the minds of children principles of patriotism and humanity and the development of all qualities tending to ennoble the minds of the young. The First Baptist church at Portage, Wis., was destroyed by fire. Mrs. Oscar Adams was found starved to death in her home in Altoona. Pa., and her husband was nearly dead for want of food. A special train on the Big Four road ran from St. Louis to Cleveland, 548 miles, in 10 hours and 4 minutes. The Merchants' state bank of Hoising ton, Kan., has gone out of business, pay ing depositors in full. Fire destroyed the packing houses of the Anchor flourmill at Minneapolis. owned by the Pillsbury-Washburn Milling company. Loss, $200,000. Fire in the big leaf tobacco factory of the American Tobacco company at Danville, Va., caused a loss of $150,000. James O'Connell and P. W. Hisson, two bridgemen, fell from a trestle near Butte, Mont., and were killed. The ashes of Kate Field were interred in Mount Auburn cemetery in Boston by the side of her mother. The visible supply of grain in the United States on the 11th was. Wheat. 53,872,000 bushels; corn, 20,526,000 bushels; oats, 13,676,000 bushels; rye. 3,160,000 bushels; barley, 4,076,000 bushels. A counterfeit of the $20 United States silver certificate has been discovered in Washington. The note is of the series of 1891, check letter B, and the treasury numbers are too heavy and out of alignment. Secretary Olney, in behalf of the United States, and Sir Julian Pauncefote, on the part of Great Britain, have affixed their signatures to a new treaty by which, for a term of five years, the two English-speaking nations agree to settle all questions of controversy by arbitration. The Ohio Photograph company, capitalized at $1,000,000, went into the hands of a receiver in Cincinnati. Koch, Dreyfus & Co., wholesale jewelers in New York, failed for $200,000. Governors were inaugurated as follows: John R. Tanner (rep.), Illinois; James A. Mount (rep.), Indiana; John W. Leedy (pop.), Kansas, and Lon V. Stephens (dem.), Missouri. The formal hearings by the waysand means committee of representatives of various industries who seek to have the tariff rates changed were concluded in Washington. While attending a dance in Rowan county, Ky., Gus Springer and Mack Mullen fought with knives and both were fatally wounded. The banking house of Smith, Holtz & Ranney, of Greensprings, O., closed its doors. During the past year Chicago consumed 3,198,222 barrels of beer. an increase of 549,887 over the year 1895. A desperate attempt was made to wreek a though express between Chiengo and St. Paul on the Chicago & Northwestern road at Tiffany, Wis., but the obstructions placed on the track were discovered and removed. John L. Sullivan, whose fists have earned for him in his time nearly $500.000, made oath in the poor debtors' court in Boston that he was penniless. Joseph Burkhardt, an old and promi nent resident of Edwardsville, III., shot and killed his wife and then fataliy shot