6710. Bank of Hutchinson (Hutchinson, KS)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: April 28, 1897
Location: Hutchinson, Kansas (38.061, -97.930)

Metadata

Model: gpt-5-mini
Short Digest: 16f4a9c0

Response Measures

Full suspension, Books examined

Description

Newspaper articles report a steady run in late April 1897 that exhausted funds; the state bank commissioner took charge and the bank closed. A receiver (John M. Kinkel) was appointed May 20, 1897 and remained in charge; assets were later sold (Sept 3, 1897) and a settlement for creditors at 50 cents on the dollar was arranged. Cause of the run/suspension is bank-specific adverse information/insolvency (old Valley State Bank indebtedness, rotten interior affairs). Several articles explicitly call it a 'private concern.'

Events (4)

1. April 28, 1897 Run

Cause: Bank Specific Adverse Info
Cause Details: Steady withdrawals tied to underlying insolvency and lingering indebtedness from the old Valley State Bank and allegedly 'rotten' internal affairs; funds ran short.
Measures: State Bank Commissioner Breidenthal intervened and took charge; representatives from Metropolitan National (Kansas City) were involved in arrangements to reopen or liquidate.
Newspaper Excerpt: There has been a steady run upon the bank for several days, and the funds ran short while President Canterbury was in Kansas City securing money.
Source: newspapers

2. April 28, 1897 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed because funds ran short amid insolvency and inability to meet withdrawals; commissioner took charge under new banking law to protect depositors and creditors.
Newspaper Excerpt: The Bank of Hutchinson ... has closed its doors and is now in charge of State Bank Commissioner Breidenthal.
Source: newspapers

3. May 20, 1897 Receivership

Newspaper Excerpt: the Bank of Hutchinson being insolvent a receiver would be appointed at once... Judge Simpson appointed Mr. Kinkel, fixing his bond at $50,000.
Source: newspapers

4. September 3, 1897 Other

Newspaper Excerpt: The assets of the defunct bank of Hutchinson were sold at auction ... The syndicate began buying all claims against the defunct bank at 50 cents on the dollar, and all creditors have agreed to settle upon that basis.
Source: newspapers

Newspaper Articles (20)

1. May 7, 1896 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, May 7, 1896

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The New Bank. EDITOR HUTCHINSON GAZETTE: I notice by your paper that the Bank of Hutchinson has opened for business. This is pleasant news to the depositors of the defunct Valley State Bank. If the gentlemen who have organized the Bank of Hutchinson had not come here and invested their money in this enterprise, the affairs of the Valley State Bank would have to pass through a tedious receivership and after the expenses of the receivership were paid if the depositors got anything they might be thankful. When the Hutchinson National went under people thought that the assets, with a levy of 75 per. cent on the solvent stockholders would more than pay out. But the receivership is now "dragging its weary length along" through its third year; some of the funds of the bank were wasted in a foolish lawsuit and now if the depositors receive thirty-five cents on the dollar they will be getting all they expect. We ought to give the new bank all the encouragement we can. By the opening upof the new bank thousands of dollars have been saved to the reople of the county. And though the management of the bank have gone into it from no philanthropic motives, but because they regarded it as a paying investment, yet because they have done so the people and the county have been greatlv benefitted. Let us visit the new bank, get acquainted with the officers and give them at least a word of encouragement. The following is what the State bank commissioner, John W. Breidenthal, says of the new bank, as taken from the Hutchinson News: "I can say to you," said Mr. Breidentnal to a News reporter, "that the Bank of Hutchinson will be one of the strongest in the State. I have looked into that matter carefully and am sure the officers of the bank are worthy of the entire confidence of the people. The bank opens without a remnant of the old boom the bursting of which demoratized values, and will be ready and able to give your city and country the very best of service. It will be a great help to the business community and I am sure will be a successful business institution." ONE OF THE DEPOSITORS OF THE VALLEY STATE BANK.

2. April 29, 1897 Kansas City Journal Kansas City, MO

Article from Kansas City Journal, April 29, 1897

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HUTCHINSON, KAS., BANK FAILS. Deposits Were Small and There Has Been a Steady Run on the Institution. Hutchinson, Kas., April 28.-(Special.) The Bank of Hutchinson, of which S. F. Canterbury is president, has closed its doors and is now in charge of State Bank Commissioner Breidenthal. No statement of its liabilities and assets has been given out, and its true condition cannot be learned until Mr. Breidenthal's investigation is completed. There has been a steady run upon the bank for several days, and the funds ran short while President Canterbury was in Kansas City securing money. The Metropolitan National bank, of Kansas City, is perhaps the heaviest creditor. It has owned $15,000 worth of stock in the failing bank, although it is claimed to-day that the stock was recently sold. The deposits are not large and there is a probability of the bank resuming business in a few days. The bank was a reorganization of the Valley State bank, which closed a year ago, but has not been able to gain prestige. The old indebtedness was too much to carry. Cashier J. G. Strean, of the Metropolitan, is here arranging to reopen the bank or close out its business, as may be determined by creditors.

3. April 29, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, April 29, 1897

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Anotner Bank Fatiure. On Tuesday afternoon a report became current that the Bank of Hutchinson had failed to clear a check for Emerson Carey and the depositors became considerably exercised. Bank Commissioner Breidenthal too was in town but was bid out all day. Wednesday morning it was all over town that the bank would not open for business and dissapointed people and groups of the curious were conversing along the streets over the latest prosperity wave. A couple of representatives of the Metropolitan bank of Kansas City came in to take a hand, an 1 they and Commissioner Breidenthal were clos eted all the morning at work in the bank. Mr. Breidenthal took charge of the bank at 3 o'clock Tuesday, but will make no statement to the public further than to say that there is a good prospect that the affair will be settled without the appointment of a receiver. If this is done. of course the depositors will be paid in full. There is much talk that they will open up in a few days again, and we very sincerely, truly and heartily hope they will. The bank has $9,000 or $10,000 of the county money on deposit, and the county has $10,000 in stock in the bank. However the county will Lot in any event be liable for the double assessment. Mr. Breidenthal authorizes us to say that the assests of the bank are nearly all in the bank, 80 that they can be used in liquididating its indebtedness.

4. April 30, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, April 30, 1897

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Hutchinson. From the Hutchinson News. There is very little new in the affairs of the Bank of Hutchinson. Mr. Breidenthal is in charge, and holds the securities of the bank. The new banking law gives him the power to protect depositors and creditors, and he is the kind of a man to do it. The interests of all concerned are safe in his hands. Mr. Breidenthal has looked over the books and finds the deposits are only about $50,000. Other indebtedness is mostly that which came from the Valley State bank and is mostly due other banks. Arrangements are being made looking to opening the bank again, and the commissioner has nothing to give out until they are tried. This afternoon at 4 o'clock several friends of President Canterbury arrived on the flyer. They are now in consultation with Mr. Strean, cashier, and Mr. Gates, vice president, of the Metropolitan National of Kansas City, which is responsible for a large amount of stock of the Bank of Hutchinson. If these gentlemen and Mr. Canterbury can get together, the money required to pay depositors can be put up quickly and the bank reopened, either to resume business or to pay creditors and liquidate indebtedness. The bank has sufficient colloateral to do this if the parties interested will provide the cash and work out the collateral. Arrangements for reopening will be subject to the approval of the bank commissioner. Deputy Bank Examiner Osborne will arrive this evening from Harper and take charge, as Mr. Breidenthal is compelled to go to Kansas City, Kan., to open a new bank. There appears to be good reason to believe that the depositors will not lose much, if anything, although much of course depends upon the success of the conference now in progress. Until this is settled and the bank commissioner gets the situation thoroughly worked out it is best for the community, In the words of Mr. Breidenthal, to "suspend judgment."

5. May 5, 1897 The Ely Miner Ely, MN

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The Bank of Hutchinson, Kan., a private concern, closed its doors. Consul-General Lee reported to the state department the arrest of two naturalized American citizens in Cuba. A cloudburst in West Guthrie, O. T., destroyed hundreds of houses and 72 persons were known to have been drowned. For miles farms were completely ruined and bridges and tracks were washed out. The estimated property loss is $500,000. The general executive board of the Knights of Labor has formally declared war against the American Federation of Labor. Several hundred women assembled in Philadelphia to take part in the national convention of working womens' societies, whose chief object is the betterment of the condition of the working women. According to returns received at the mint the gold yield last year in California was $17,181,562, which is an increase over 1895 of $1,847,245. The yield of silver was $422,436, a decreased production for the year of $177,353. Gen. Williams, formetly consul general of the United States to Havana, says business is completely prostrated in Cuba, and the inhabitants are reduced from opulence to the direst poverty. In a freight wreck at Warrenton, O., Engineer George Docksettler, of Massillon, was killed and Fireman Muir and Brakeman Jewett were fatally injered. Col. W. J. Calhoun, of Danville, Ill., has accepted the position of special legal counsel for the United States in the investigation of the Ruiz case in Cuba. Loss of life and great damage to marine interests along the west shore of Lake Michigan were caused by a violent northeast gale. The New Hampshire Banking company at Nashua, N. H., suspended, owing depositors $849,352. President McKinley and party returned to Washington from New York. Eugene Taylor, linotype operator on the Denver (Col.) Times, in eight hours made a record of 101,800 ems, beating all previous records. Severe rain and windstorms throughout the lower Mississippi valley did great damage to levees and caused great suffering among refugees camped on the levees without shelter of any kind. Nearly half the people in the overflowed section of Louisiana were without shelter. Fire in the H. P. Eckhardt's wholesale grocery establishment at Toronto, Ont., did $120,000 damage. Later advices from the flooded district in West Guthrie, O. T., say that the death list will not exceed 25, though 50 or more were still missing. Five hundred homes were swept away and the contents ruined. Over 150 houses were wrecked, 20 streets were devastated and ruined, a thousand people were homeless and half as many more destitute. The Central Union Telephone company at Dayton, O., filed a mortgage to the Illinois Trust & Savings bank for $3,000,000.

6. May 6, 1897 Warren Sheaf Warren, MN

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The Bank of Hutchinson, Kan., a private concern. closed its doors. Consul-General Lee reported to the state department the arrest of two naturalized American citizens in Cuba. A cloudburst in West Guthrie, O. T., destroyed hundreds of houses and 72 persons were known to have been drowned. For miles farms were completely ruined and bridges and tracks were washed out. The estimated property loss is $500,000. The general executive board of the Knights of Labor has formally declared war against the American Federation of Labor. Several hundred women assembled in Philadelphia to take part in the national convention of working womens' societies, whose chief object is the betterment of the condition of the working women. According to returns received at the mint the gold yield last year in California was $17,181,562, which is an increase over 1895 of $1,847,245. The yield of silver was $422,436, a decreased production for the year of $177,353. Gen. Williams, formerly consul general of the United States to Havana, says business is completely prostrated in Cuba, and the inhabitants are reduced from opulence to the direst poverty. In a freight wreck at Warrenton, O., Engineer George Docksettler, of Massillon, was killed and Fireman Muir and Brakeman Jewett were fatally injered. Col. W. J. Calhoun, of Danville, III., has accepted the position of special legal counsel for the United States in the investigation of the Ruiz case in Cuba. Loss of life and great damage to marine interests along the west shore of Lake Michigan were caused by a violent northeast gale. The New Hampshire Banking company at Nashua, N. H., suspended, owing depositors $849.352. President McKinley and party returned to Washington from New York. Eugene Taylor, linotype operator on the Denver (Col.) Times, in eight hours made a record of 101,800 ems, beating all previous records. Severe rain and windstorms throughout the lower Mississippi valley did great damage to levees and caused great suffering among refugees camped on the levees without shelter of any kind. Nearly half the people in the overflowed section of Louisiana were without shelter. Fire in the H. P. Eckhardt's wholesale grocery establishment at Toronto, Ont., did $120,000 damage. Later advices from the flooded district in West Guthrie, O. T., say that the death list will not exceed 25, though 50 or more were still missing. Five hundred homes were swept away and the contents ruined. Over 150 houses were wrecked, 20 streets were devastated and ruined, a thousand people were homeless and half as many more destitute. The Central Union Telephone com-, pany at Dayton, O., filed a mortgage to the Illinois Trust & Savings bank for $3,000,000.

7. May 6, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, May 6, 1897

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FORSHA GREE We have been having good rains and plenty of wind in this part of the country this spring and have the promise of a good crop in general. Forsha shipped four cars of cattle last week which brought him a good price regardless of the broken market. We will warn the dear people of this neighb rhood of the danger that is liable to overtake them some dark night in the way of a night owl, as he is at liberty and is running at large over the country again. From the color of his hair and the crook of his nose, we think it is the same old owl that took refuge in our little city some three months ago, but has now left. us on account of his mouth being too large and his tongue being bung 100 near the m dale, which gives it most too much play at both ends. We learn that the Bank of Hutchinson has failed. Now that IS something that never happens in our city, at least there was never known one to fail and we have several. For instance there is the red bank, the sand bank and the keal bank and several otHers and you will always find them the same. Now readers, if you want to see an upto-date city, just call and see us ns we would take great pleasure in showing you through our large buildings and manufactories, such as the mill, black. smith shop, cattle barn and other handsome buildings too numerous to mention. ROUGH AND READY.

8. May 8, 1897 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, May 8, 1897

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DOMESTIC. The flood situation in Missouri All the bottom lands Louis to were from was unchanged. St. Hannibal over- Aland the towns of Gregory, Canton and flowed exandria, La Grange were submerged. Van Ordstrand private at Ill., bankers William Heyworth, & closed Co., their doors with liabilities of $30,000. Mrs. John Newell and her two chileight and five years, and Mrs. were burned to in dren, Celia aged Barnett death a fire in Brooklyn, N.Y., The Bank of Hutchinson, Kan., a private concern, closed its doors. Lee the state the arrest natConsul-General department reported of Cuba. two to uralized American citizens in in West T., A cloudburst houses Guthrie, and destroyed hundreds of 72 were known to For miles were compersons drowned. farms have been ruined and washed out. The proppletely were bridges estimated and tracks erty loss is $500,000. The general executive board of the Knights of Labor has formally declared war against the American Federation of Labor. Several hundred women assembled in Philadelphia to take part in the national convention of working womens' societies, whose chief object is the betterment of the condition of the working women. According to returns received at the mint the gold yield last year in California was $17,181,562, which is an increase over 1895 of $1,847,245. The yield of silver was $422,436, a decreased production for the year of $177,353. Gen. Williams, formerly consul general of the United States to Havana, says business is completely prostrated in Cuba, and the inhabitants are reduced from opulence to the direst poverty. In a freight wreck at Warrenton, O., was killed Engineer sillon, George Docksettler, and Fireman of Muir Masand Brakeman Jewett were fatally injered. Col. W. J. Calhoun, of Danville, Ill., has the accepted position United of States special in legal counsel for the the of the case investigation Ruiz in to Cuba. maLoss of life and great damage rine interests along the west shore of Lake Michigan were caused by a violent northeast gale. The New Hampshire Banking company at Nashua, N. H., suspended, owing depositors $849,352. Eugene Taylor, linotype operator on the Denver (Col.) 101,800 Times, in eight beating hours made a record of ems, all previous records. Severe rain and windstorms throughout the lower Mississippi valley did to great on suffering great damage among levees refugees and caused camped the levees without shelter of any kind. Nearly half the people in the overflowed section of Louisiana were without shelter. Fire in the H. P. Eckhardt's wholesale grocery establishment at Toronto, Ont., did $120,000 damage. from the flooded district in West say that Later advices Guthrie, O. T., exceed the list will not 50 or more were though death hundred homes still swept missing. 25, Five were away and the contents ruined. Over 150 houses were wrecked, 20 streets were devastated and ruined, a thousand people were homeless and half as many more destitute. The Central Union Telephone company at Dayton, O., filed a mortgage to the Illinois Trust & Savings bank for $3,000,000. at the leading clearing houses in the The exchanges United States during the week ended on the 30th ult. aggregated $855,566,196, against $934,219,710 the previous week. The decrease compared with the corresponding week of 1896 was 13.3. H. 18 cashier of the St. Louis was David Hays, post for office, years arrested on a of embezzling $15,000. United States supreme has The charge 10. when court it adjourned until May will assemble to deliver opinions, but not to hear arguments. cent. price of window sections A five per glass, including advance in ail the of the country, has been made, The new one, two and five-dollar silver certificates issued last year are to be withdrawn from circulation as rapjidly as possible and destroyed.

9. May 13, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, May 13, 1897

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Bank Sitnation. The affairs of the Bank of Hutchinson have been dragging along from day to day with little news for the impatient public and the suffering depositors. On last Friday one of the foremost lawyers of Kansas City, O'Grady by name, arrived to look after Mr. Canterbury's interests. He looked over the affairs and sized up the situation, had a conference with Mr. Breidenthal and went away again. It is said that his report to Mr. Breidenthal of the condition of his clients case was anything but rosy. However, one can not always depend on whata lawyer may say to one who is prosecuting or about to prosecute his client. But anyway it was not long till Mr. Breidenthal gave them notice Friday night that the money necessary to straighetn up the affairs of the bank, $15,000, would have to be forthcoming by Tuesday morning. George Canterbury and Attorney O'Grany left that night to endeavor to work with the father-in-law of the president of the bank, Mr. McKibben, and secure the money. Mr. McKibben, it is said, is amply able to render the assistance needed. On Monday, evidently belieying there was a prospect of raising the money, the bank commissioner gave them more time. Tuesday O'Grady was here again, evidently to confer with his client. No warrants have been served for the arrest of the bank officials, but almost from the time of the closing of the bank Mr. Canterbury has been carefully guarded. Public feeling is running high and should the people who have suffered find that there is more of a disposition on his part to fight the prosecution than to get the money, or should they discover that his failure to put up the money is due less to inability than to indisposition, it may reach the boiling point. However, we hear nothing but compliments to the bank commissioners department for its services, for of course, what the people want is their money and they feel that by these delays there may be something gained and certainly nothing will be lost. But as there appears to be no doubt that the interior affairs of the bank management are thoroughly rotten, the people are righteously indignant, and with the developments which seem to be in store in case the money is not raised to pay off the depositors, it may well be calculated that much worse is in store. And they can not be greatly blamed if they should do something commonly termed "rash

10. May 20, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, May 20, 1897

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Hutchinson. From the Daily News. The crisis predicted in last night's News in the Bank of Hutchinson matter came promptly as advertised. Judge Simpson arrived from Newton at 6 o'clock. Assistant Attorney General Snelling came on the same train. They had a short conference with Mr. Breidenthal and then announced that the Bank of Hutchinson being insolvent a receiver would be appointed at once. All the depositors who could be reached quickly were notified and they met at the court house at 9:30. There was a great difference of opinion as to a recommendation for a receiver. Judge Simpson told them that if they would agree he would name the man of their choice. Several names were considered and finally the depositors represented decided upon John M. Kinkel. Judge Simpson appointed Mr. Kinkel, fixing his bond at $50,000. He also included in the order that he should receive a salary of $125 a month. This was in accord with the wish of the depositors expressed before the receiver was named. Too often the proceeds of a bank in liquidation are wasted by large allowance for salary of the receiver. This is not to be the case in the matter of the Bank of Hutchinson. The nominal assets of the Bank of Hutchinson amount to about $180,000. The men who have looked over the collateral, including local bankers and the bank commissioner, believe that about $97,000 of this is good. The liabilities amount to about $105,000. Twenty-eight thousand dollars of this is to the Metropolitan bank of Kansas City, which is practically unsecured and must take its medicine with the rest. The Metropolitan is also a stockholder to the amount of $15,000 and there are other liabilities of the Metropolitan to the creditors which will prove interesting factors. The Metropolitan is liable for $15,000 on its stock. There are other stockholders who are also good.

11. May 24, 1897 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, May 24, 1897

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State Bank News. The State bank of Columbus has filed a charter with the secretary of state. The capital of the institution is $10,000 and John E. Tutton is president. State Bank Commissioner Breidenthal is in Brown county superintending the opening of new banks at Everest and Powhattan. John M. Kinkel has been appointed receiver and is now in charge of the Bank of Hutchinson, which failed some weeks ago.

12. June 10, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, June 10, 1897

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Depositors Meeting. Upon notice issued the day before and published in the Daily News, the depositers of the defunct Bank of Hutchinson met on Saturday afternoon in the Probate Judges office. The meeting was to consider the apparent expensiveness of the present recievership. Rev. G. K. Berry was made chairα.an and John Roberts. secretary. J. M. Kuykendall and Emerson Carey were appointed a committee to wait upon Receiver Kinkel and request his presence at the meeting, but he refused to come. John W. Rose then made the following motion: "I now move that it is the sense of this meeting that the expenses of running the Bank of Hutchinson by the receiver are too high and we know that the work can be done for $75.00 per month. We therefore respectfully request the Hon. M. P. Simpson, judge, to at once reduce the salary of the re ceiver to $75 per month, which is to include all expenses of elerk hire, and that if the present recei ver, John M. Kinkel, is not willing to retain the position and do all the work himself at that price, that he be removed and some competent person be appointed to fill the place. And it is further moved that it is the sense of this meeting that the receiver should at once remove from the present building to other quarters which shall be procured at an expense of not to exceed $10 per month." There was some discussion on the motion but it was passed without a d dissenting voice from anyone present and they numbered somewhere about S fifty. At the time the appointment of n receiver was made. the judge made an order that his salary should be fixed at $125 per month, but he hired a book keeper at $70 and a stenographer at $35. d and remained in the old bank building paying $60 per month rent. At these 8 extravagances, the depositors claimed a just right to revolt, and as the county is a depositor to the amount of some-

13. June 10, 1897 Hutchinson Gazette Hutchinson, KS

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LOCAL AND PERSONAL. D. W. Kent, 80 well known here, has been elected as Secretary of the Odd Fellows of Kansas. A large number of Hutchinson ladies paid a visit to the Reformatory to take flowers to the inmates and cheer them up On Wednesday. We understand that Receiver Kintel has rented rooms for $4 per month. into which he will soon move the Bank of Hutchinson's business. A hail storm Friday night, we are told, did considerable damage to corn in the neighborhood of Haven. It was not heavy enough to very seriously damage the wheat. The members of the Universalist church gave a strawberry social last Thursday evening, which was & pleasant affair. The refreshments were supplemented by good music. Mr. and Mrs. J. F. Wilden are happy over the arrival of a fine boy at their home on Sunday June 6th. They have waited five times for a boy only to find their bov a girl. Not SO this time. E. L. Meyer is in the East this week. He will attend commencement exercises at the State University, where his son graduates, and then attend the Credit Men's meeting in Kansas City. Albert VanZandt has gone on a business trip to the eastern part of the state. leaving the business of the VanZandt Implement company in charge of his father, J, R. VanZandt.-Wichita Commoner. The legislative investigating committee will meet at Topeka today. Of course it cannot be determined what they wili do, but they should make an effort to secure what evidence they can from voluntary witnesses. Childrens' Day exercises were held at the Christian church on Sunday night and the attendance was large, all the seating capacity being filled. The little folk. especially some of the wee small ones, gave very pleasing performances. Geo. H. Burr of St. John, formerly associated with the Bank of Hutchinson in a small way, is leading a band of big warriors from Boston and New York, presidezts and cashiers of banks, etc., out into this country to look over the facilities of doing a big business in loaning money on cattle paper over this part of the State. Jerry Simpson arrived in Hutchinson on Sunday evening and remained until next morninz, when he took the Hutchinson & Southern for his home in Medicine Lodge. He had some business to attend to at home and came home for that. He returns to Washington today. He looks hale and none the worse for wear notwithstanding his tussleing with the Czar. The firm of Winne & Winne, loan agents and brokers, have arranged to remove to Wichita. W. E. Gaston & Co. will conduct the business at this place as the local agents. They remove to Wichita because it is the center of their territory, which now embraces Oklahoma Territory. This firm seems to have been loaning money long after most others had quit. We have a copy of the Herald, of Arroyo Grande, Cal., reporting the wedding of Miss May Jordan, of this city, to Mr. Lemuel Harden, of the former place, who however left here last fall. Miss Jordan is the daughter of Mr. E. W. Jordan SO well known here as an old settler, who died two or three months ago. Many pleasures on their life journey is the wish of many friends. A couple of short trips into counties lying west of here, convinces us that the wheat crop will be enormous. It was getting quite dry in some places the last of the week and some of the wheat in spots was slightly injured, but the rains since then guarantee a crop and the places where damage was done are comparatively smaller. It may well be wished the acreage was larger in this county. A certain paper in the eastern part of the State is now delivering a daily roast of Mr. Breidenthal, and the reason is that the bank commissioner has called upon the stockholders of a certain bank in which the editor is interested, to pay up its capital stock or quit business. Mr. Breidenthal, however, cannot defend nimself by telling

14. July 1, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, July 1, 1897

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About The Bank. There has been a considerable quantity of rumor about, to the effect that the accounts of the depositors of the Bank of Hutchinson would be bought up at fifty cents on the dollar by some party or parties who would discharge the receiver and close out the business themselves. There is nothing, however, sufficiently definite about this at present to amount to anything more than rumor. It was reported a week or two ago that the broker firm of Winne & Winne would make such an offer if they could get all the accounts, for of course, they can do nothing unless they do. It is now talked that Mr. Canterbury 18 englneering a similiar scheme, but what truth there is in it we cannot say. The greatest trouble with this kind of an arrangement is to get peace with all the creditors, as there are so many and so many different kinds-many of them being preferred. This makes it a very complicated affair for any agreements to be consumated.

15. July 11, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, July 11, 1897

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Southern Kansas Business Men. The seed men are advertising northern grown field and garden seed extensively. The People's Bank at Pratt has $43,157.04 in individual deposits with total resources of $83,758.97. Jacob Engle of Wellington is having a sale in honor of the seventh anniversary of his establishment. G. W. Brown & Son's State Bank of Augusta has $53,456.10 In individual deposits. Its total resources amount to $67,500.91. An epigram in the advertisement of Irvan & Brown at Hutchinson is this: "Success treads on the heels of every right etfort." C. A. Magill of Kingman has the effrontery to advertise night gowns. No one in Southern Kansas wears night gowns this weather. N. L. Glascow has been appointed administrator of the estate of the late James' N. Glascow of Summer county. There are eight heirs to the estate. The cobblers of Augusta, for some unknown reason. have joined battle and the people there are getting their shoes halfsoled for a mere pittance. Norris, the merchant at Oxford. is setting an example to the rest of the town by painting his store. Kansas was always weak on paint and never used half enough. Nearly all the stories indicate that there is much dissounting and rebating from the fact that they advertise largely that no discounts and rebates will be allowed 10 any Receiver Kinkei of the Bank of Hutchinson has filed a list of claims against the bank. The list aggregate $117,520.32 and will be passed upon by the court next Tuesday. There in something in heredity. Mr. McMains of Irish descent lives in Pratt and buys and sells potatoes. His son Harry won the potate race at the Fourth celebration in Pratt. Mr. Streeter, proprietor of the Midland at Hutchinson has secured a verdict against Mr. Masters for running a bawdy house under the name of hotel Masters will appeal the case to the district court. This fall the farmer will have money to spend and the merchant who begins heavy advertikement earliest will get the bulk of their trade. A man with money coming thinks of what be will buy a long time ahead. W. F. Cook, once cashier for the Bank of Hutchinson, is under arrest and $1,000 bond charged with having made false statements to the bank commissioner regarding the condition of the bank before it closed. Be had moved to Missouri. Here is an advertising argument by F. H. Thew in the Oxford Register. "Now and then we hear of men who don't use a pump and windmill and never have used them. Of course they don't miss them. We can't well miss a thing until we know what a is worth. Our grandfathers didn't miss the telephone or the telegraph. TMT thought they were getting along well enough without them. It is no sign we don't need a thing when we don't miss IL" To the Kiowa Journal: A. D. Bingleion, manager for the York-Keys Mercantile company says: "I take a trial balance the 15th of every month and always compare the business each month with that done the year past. Business has been gradeally improving. Our business was 1500 better last month than k was & year 425 and If trade keeps up this month as a has started It will far exceed those figures compared with July 18%, the month ending the 15th lost, This is no guess work but foundof BOOD facts taken from aux books."

16. July 29, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, July 29, 1897

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Depositors Meeting. The meeting of the depositors of the Bank of Hutchinson occured on Satuday at the court house as announced. There were probably seventy-five OF a hundred present. It was called to order by John Roberts, and Charlie Williams for the firm of Prigg & Williams made a proposition to pay the depositors fifty cents on the dollar, excepting the few claims the court had allowed as preferred claims which of course would be paid in full. Mr. Williams claimed that there were some other claims which would probably not be paid as much as fifty cents on the dollar A syndicate had been formed he said, by Mr. Canterbury. the Metropolitan National and others interested who were putting up from $15,000 to $20,000 of private money to accomplish this settlement. Of course under this arrangement it would be necessary to get the consent of all or nearly all the depositors before it could be concluded. It was to be agreed in making this settlement that all litization against the bank and bank officers was to cease, but of course according to law this agreement would not and could not apply to the criminal prosecutions now begun against Messrs. Canterbury, Mantz and Cook. A question however arose on this point which to some extent interrupted the negotitations, as to whether litigation against St. John was to be included. A number of the old St. John depositors think they can collect off from him what they fail to get out of the Bank of Hutchinson, and they did not want to give up their hold on this string. A committee was appointed nd Mr. Williams lectured them a little in regard to this matter, but they were not changed in their opinions and could not agree Most of the St. John depositors seemed to think they would do better to take fifty cents on the dollar and let St. John go, than let the whole thing go through a receiver and probably not get more than twenty or twenty-five per cent with a long and doubtful course of litigation against St John. On the whole there was little objection to the proposition of Prigg & Wille iams and a committee was appointed to get as many signatures to the agreement they offered as possible. The attitude of the county which had some $8,000 or $9,000 in the bank, S will cut considerable figure in it It is probable that the commissioners will accept the fifty cent proposition pro vided they are allowed to hold the S bondsmen for the balance, but it is not likely they will agree to absolve the bondsmen from their obligation on the payment of the amount of the regular proposition.

17. July 29, 1897 Hutchinson Gazette Hutchinson, KS

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The preferred claims against the Bank of Hutchinson have been paid off this week by Receiver John M. Kinkel.

18. July 29, 1897 Hutchinson Gazette Hutchinson, KS

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R.J. W. MAGUIRE, D SPECIALIST, .n Diseases of Eye, Ear, Nose and Throat. Glasses Scientifically Adjusted. Office in Ma sonic Temple, Hutchinson, Kansas. LOCAL AND PERSONAL. Ob! say, did you see the eclipse this morning? The new bicycle club held a meeting on Monday night and transacted busaness of importance. The Democratic county central committee will meet at the Hotel Midland on next Saturday afternoon. A new telephone card, to which has been added quite a number of new 'phones, has just been printed. Examine the ad of Geo. L. Robinson, the new grocer. He will give you some prices that will astonish you. The preferred claims against the Bank of Hutchinson have been paid off this week by Receiver John M. Kinkel. Assistant Postmaster Mark Moore, of Forsha, Kansas, came in Saturday to spend a few days with his triends and relatives in this city. Saturday morning Harry Leonard of Arlington, was arrested on a charge of attempting to bribe a witness. Leonard gave a bond for his appearance. Mrs. R. F. McDermed left on Monday via the Missouri Pacific road for Malvern, Ark. where she goes to attend the funeral of her father, Judge Henry McCatlum. You should attend the Normal entertainment Friday night of this week A musical program will be rendered worthy of your time and money. Hear it. From the accounts which come to the GAZETTE the township of Medora will be one of the first it not the best in corn this year in the county. It appears they have not affered at all for rain there. Messrs. Joe Fontron and Howard Lewis were last week admitted to the bar of practicing attorneys in Reno county. It is Said they passed the examination in good form and we wish them success. The sheriff of Barton county was here on Saturday looking for the man that was supposed to have killed Parker Hatch in the cornfied near Ellin wood. Another colored man was killed instead. Little Gladys Warren, the eight-yearold child of Mr. and Mrs. D M. Warren, died early Monday morning at the home on East Seventh avenue. The funeral services were held on Tuesday morning, the interment being in the East Side Cemetery. Friday and Saturday closes the normal. Friday night a grand concert will be given and it will be closed with a social and a general good time. This entertainment will be no two penny affair but will be well worth the admittance tee of 10 and 15 cents. This morning session closes the teacher's normal for 1897. From all accounts it is among the most success ful and profitable that the teachers of this county ever enjoyed. But oh the quaking and the shaking on the morrow, as the teachers gather for the examination] The recent rains have been tardy but nevertheless they will doubtless make much corn in this county. While there are localities in which there will not be any to speak of there are still other localities in which the corn will be good. The late corn will generally make something. Sunday night a horse thief extended the town the courtesy of his presence. Next morning Andy Johnson, the colored drayman, tound his horse gone and also a single harness. This he reported to the officers in the morning and in the afternoon a message from Senator Field at Pretty Prairie was received saying a new top buggy of his had been stolen at 831 Third av-

19. September 3, 1897 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, September 3, 1897

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BANK ASSETS SOLD. Syndicate to Take All ClaimsAgainst the Defunct Bank of Hutchinson. Hutchinson, Sept. 3.-The assets of the defunct bank of Hutchinson were sold at auction yesterday by Receiver John Kinkel, in accordance with an order from the court. George P. Gates, vice- president of the Metropolitan National bank of Kansas City was present and had a hand in the purchase. The sale was made to Prigg & Williams, attorneys of the city, who formed a syndicate for this purpose. The syndicate began buying all claims against the defunct bank at 50 cents on the dollar, and all creditors have agreed to settle upon that basis and to relinquish all claims against the stockholders of the bank. This settlement, however, does not release the officers of the bank from criminal prosecution. Preferred claims amounting to $22,300 had been paid by the receiver, SO that the assets have now brought $47,300. The total liabilities of the bank amounted to $129,000.

20. January 8, 1898 The Cape Girardeau Democrat Cape Girardeau, MO

Article from The Cape Girardeau Democrat, January 8, 1898

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What Has Been Done During the Past Twelve Months. THE YEAR 1897 A BUSY ONE All of the Important Happenings the World Over Briefly Noted in Chronological Order. BUSINESS AND INDUSTRIAL NOTES Disasters of Various Kinds-Crimes, Suicides and Lynchings- A Year's Famous Dead -Political Events-Sporting BANK FAILURES. Jan 2-State savings, Whitehall, Mich Citizens' national, Fargo, N. D. Omaha (Neb.) savings, $850,000. Jan -Germania ($1,000,000) and West Side, St. Paul, Minn First City, Nora Springs, Ia Merchants' national, Devil's Lake, N. D. Jan -Commercial, Eau Claire, Wis Bank of Canton, Minn Citizens', Lanesboro, Minn. Jan 8-Bank of North St. Paul, Minn. Jan 9-First national, Alma, Neb. Jan 12-Bank of Mayview, Mo. Jan 13-Seattle (Wash.) savings. Jan 14-Merchants' national, Ocala, Fla. Jan 15-Citizens' state, Fullerton, Neb. Jan 16-Bank of Conway, Mo. Jan 18-German national, Louisville, Ky. First national, Newport, Ky MinneGota savings, St. Paul. Jan 21-German savings, Des Moines, Ia. $ $554,000. Jan 23-Upland (Ind.) bank (voluntary suspension Farmers' and Merchants' bank, Excelsior Springs, Mo. Jan 25-Pottsdam (N. Y.) national. Jan 26-First national, Olympia, Wash. Jan 29-Wautauga bank, Johnson City, Tenn. Jan 30-Dime savings, Chicago. Feb 2-First national, Oakesdale, Wash. (voluntary suspension) Moscow (Ind.) national. Feb 4-First national, Griswold, Ia. o Feb 5-First national, Franklin, Northwestern national, Great Falls, Mont., $700,000. Feb 8-State savings, Atlanta, Ga. Feb 9-Farmers' and Merchants', Freeport, Ill. (voluntary suspension). Feb 10-Bankers exchange, Minneapolis, Dinn. Feb 13-State trust and savings, West Superior, Wis. Commercial savings, Leeds, la Merchants' national, Helena, Mont., $1,000,000. Feb 16-Merchants' national, Jacksonville, Fla. State national, St. Joseph, Mo. Feb 24-German-American, Tonawanda, N.Y. (Resumed March Feb -Bank of Lithonia, Ga Security Loan and Trust company, Des Moines, Ia. Commercial, Milwaukee, Wis. Feb 27-Mullanphy savings, St. Louis, Mo., $500,000. Mar 8-Lexington savings, Baltimore. Mar 12-Bank of Mulhall, O. T. Mar 2-West Point (Ga.) state bank. Mar 23-Farmers' and Merchants', Paris, Tex. Mar 24-De Kalb county bank, Maysville, Mo. Mar 27-American exchange, Buffalo, N. Y. (voluntary suspension). Apr 5-Globe savings, Chicago, $640,000. Apr 27-N. Barnes, Son & Co., bankers, Norfolk, Va. Apr -Bank of Hutchinson, Kan William Van Ordstrand & Co., bankers, Heyworth, III. Apr -New Hampshire Banking Co., Nashua, $549,352. May 3-J. B. Wheeler & Co., bankers, Manitou and Aspen, Col. May 7-Exchange bank, Atkinson, Neb. Dalles (Ore.) national. May 12-Traders', Lynchburg, Va. May 19-Miners' state, Cripple Creek, Col. Beiknap savings, Laconia, N. H. May 20- -State, Monticello, Ind State national, Logansport, Ind Third national, New York. May 21-First national, Orleans, Neb. May 24-Bank of Johnston, Neb. Jun 1-Merchants', Lincoln, Neb. Jun 9-Boone county, Harrison, Ark. Jun 14-First state, Fenton, Mich. Jun 9-Union Trust and Savings, Tacoma, Wash Keystone national, Erie, Pa. (voluntary). Jul 7-First national, Mason, Tex. Jul 14-Nebraska national, York, Neb. Jul 23-Bank of Monmouth Springs, Ark. Jul 31-First national, Asheville, N. C., (voluntary). Aug -People's savings, Mount Pleasant, Mich. Aug 27-Bank of Minneapolis, Minn. Aug 31-State, Ambia, Ind First state, McPherson, Kan. Sep 2-First national, Greensburg, Ind. 14-Bank of Durand, III. Sep Sep 18-First national, Benton Harbor, Mich. Sep 20-Bank at Rico, Col. Sep 29-Bank at Montrose, Col. Oct 18-City, Sherman, Tex. Oct 19-Edgerton (Wis.) bank. Oct 21-Bank of Lodi, Wis. Oct 22-National of Asheville, N.C. Nov 9-John A. Willard, banker at Mankato, Minn.; $480,000. Nov 13-Bank of Antigo, Wis. Banks at Leavenworth, Marengo and English, Ind. Nov 16-Della county (Col.) bank. Nov 20-State bank of Holstein, Neb. Dec 2-Piedmont state, at Morgantown, N. C. Dec 13-Stock exchange, at El Reno, O.T. Dec 21-First national, Pembina, N. D. Dec 23-Chestnut Street national, and Chestnut Street Trust and Savings Fund Co., Philadelphia; $3,000,000.