6699. Farmers State Bank (Hope, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1892*
Location
Hope, Kansas (38.690, -97.077)

Metadata

Model
gpt-5-mini
Short Digest
ab34074c

Response Measures

None

Description

The bank failed after its manager W. P. Robinson absconded (fraud). A receiver was appointed and has filed a final report (Feb 5, 1894) showing only about $22.77 available. No run is described in the articles; this is a failure with receivership.

Events (2)

1. January 1, 1892* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank went down immediately after manager W. P. Robinson unexpectedly departed; later revealed as a large fraud/embezzlement by Robinson.
Newspaper Excerpt
the Farmers bank of Hope, which went down immediately on the unexpected departure of its chief promoter, W. P. Robinson
Source
newspapers
2. February 5, 1894 Receivership
Newspaper Excerpt
The receiver of the Farmers' bank of Hope has filed his report. It shows that ... only $22.77 is available for dividends. Robinson disappeared two years ago.
Source
newspapers

Newspaper Articles (3)

Article from The Coconino Weekly Sun, February 8, 1894

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Article Text

HOPELESSLY LOOTED. Twenty-two Dollars Left for the Creditors of the Hope, Kan., Bank. TOPEKA, Kan., Feb. 5.-The receiver of the Farmers' bank of Hop?, in Dickinson county, has filed his report. This shows that of the many thousands of dollars which the bank's depositors intrusted to its manager, W. P. Robinson, only $22.77 is available for dividends. Robinson disappeared two years ago, and the fraud was such a bold one that a reward of $1,700 was offered for his capture, but nobody has been able to claim it, although the fugitive has been seen and recognized several times in various parts of the country.


Article from Abilene Weekly Reflector, February 8, 1894

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Article Text

VERY LITTLE TO RECEIVE. The Defunct Farmers Bank of Hope Badly Wrecked. Martin Pease, receiver of the Farmers bank of Hope, which went down immediately on the unexpected departure of its chief promoter, W. P. Robinson. filed his report to the court with the district clerk today. It shows a remarkable condition of affairs and is in itself an evidence of how complete a job Robinson did. Mr. Pease says he has been able to collect $37 43 and has expended $14 66. leaving a balance of $22 77 available for dividends. He has on hand about 50 notes, most of them worthless. Accounts of $203 are due the estate but the debtors claim offsets and it is doubtful if anything can be realized on them. That is alland there is not much comfort in the figures for creditors. Robinson has been gone two years now and although he has unquestion. ably been seen in various parts of the country, no one has been able to secure the $1700 reward that awaits his captor. Once he was seen at Portland. Oregon. by a Hope man who did not know he was a d-faulter. A Hope physician saw him last fall in the Auditorium at Chicago. He looked up from the parquet and saw Robinson in the balcony. Robinson evidently knew he WAS recognized for he dodged back and when the doctor reached the gallery he had fled. A detective saw him on a train going into New Orleans last summer. He wired here to know if there WAB a reward for him and by the time he got a reply his game was lost amid the crooked streets of that quaint city. He reported after awhile that Robinson had gone to Galveston. Wherever he is one thing is certain: he is not having very much joy in life. The few thousand dollars he was perhaps able to carry away with him make a mighty poor substitute for the privilege of living AB one pleases and making friends where one can. Being hunted like a wild beast gets very tiresome after awhile.


Article from The Kinsley Graphic, February 16, 1894

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Article Text

Miscellaneous The senate has confirmed Topeka's new postmaster, A. J. Arnold. The president has appointed Simpson S. Reynolds receiver of the land office at Wakeeney. The store of Bigelow & Foster at Gardner was burned the other morning. Nothing was saved. M. W. Levy, a banker of Wichita, bid $100 for the first of the new $50 bonds and will receive it when it is issued. James O'Neill. a newspaper man of Rogers, Ark., dropped dead on a sleeping car just as it reached Wichita the other day. The employes of one Topeka bakery and their in 1,500 services subscribed money providing donated loaves of bread to the poor of the city. Charles Drake and Harry Reeves got into a fight at Lawrence the other dav over a woman and Drake was killed and Reeves seriously wounded. has introduced a bill United States of placing Senator Martin Judge list, Foster, and on the retired supit with another plementing Kansas, incapacitated bill permitting all federal judges from their duties to retire on full pay. The receiver of the Farmers' bank of Hope has filed his final report. It shows that of the many thousands of dollars which the bank's depositors entrusted to its manager, W. P. Robinson, only $22.67 is available for dividends. Robinson disappeared two years ago. New York insurance companies doing business in Kansas are reported to be worked unover action of considerably state superintenden the of the insurance Home, in the license of of for not paying New revoking York. the the "recipro- New cal" tax. It is stated that all York companies are in default for twenty-three years and there is now The due from them about $200,000. companies hold that the law has been a dead letter for years. The governor has declined to intersuit instituted by the atagainst fere torney-general in the the Missouri, Texas railway for a forfeitcharter because reure Kansas of & its of from the the moval of its general offices state. IIc is disposed to let the courts pass upon the case, he says, and while willing to consider the feelings and wishes of the people of Parsons, it is interests alone that are in"It is," he says, sovenot volved. their the "the state and dignity of of that are at stake. reignty Kansas created The state by cannot permit corporations and fostered by at defiance with set its its laws aws its impunity. people to desire of the executive that be to a or suit It is the prosecuted finish and honestly until the company recognizes discharges its duty to the state." The January report of State TreasBiddle shows a cash increase from urer $648,627.73. the amount on hand Janu 1, to $1,079,171.60. The increase ary was on account of the return of county treasurers The general revenue fund balance is $722,819.11. of which $366, was received during the was received from 393.41 This sum $355,137.14; the month. following sources: State taxes, earnings of the state penitentiary.810.469.71 fees of secretary of state, $143.75; rent of reformatory farm, $625; earnings of Topeka insane asylum. $17.75. The disbursements of the general revenus fund aggregated $195,673.13, against $112,931.24 of the preceding month. The bonds on hand February amounted to $6,873,720.63. The amount of bonds purchased during January was $81,565. The amount paid off was $81,575.61. Secretary Morton has appointed M Carlton, of the Kansas agricultural college, A. a special agent of the depart- in ment of agriculture, to study rust cereals. The importance of the inquiry is shown by the fact that careful est:mates of the losses inflicted on American grain growers by rust amount to $10,090,000 annually. Edward Davis attempted suicido at Kansas City, Kan., some days since by taking strychnine. but his life was saved Davis was married last fall and Ha his wife left him in two works As quit work and tank to gambang he could not his wife he PRE solved on saieide, but failed