6711. First National Bank (Hutchinson, KS)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3180
Charter Number
3180
Start Date
August 1, 1893*
Location
Hutchinson, Kansas (38.061, -97.930)

Metadata

Model
gpt-5-mini
Short Digest
80443682

Response Measures

None

Description

Articles (Aug 7-8, 1893) state the First National Bank of Hutchinson, Kan., had been lately suspended and Comptroller Eckels authorized it to reopen. No explicit run is described in these excerpts and no cause for the suspension is given in the provided texts.

Events (2)

1. August 1, 1893* Suspension
Cause Details
Article notes bank was lately suspended but gives no reason for the suspension.
Newspaper Excerpt
Comptroller Eckels has authorized the First National bank, of Hutchinson, Kan., lately suspended, to reopen for business.
Source
newspapers
2. August 7, 1893 Reopening
Newspaper Excerpt
Comptroller Eckels has authorized the First National bank, of Hutchinson, Kan., lately suspended, to reopen for business.
Source
newspapers

Newspaper Articles (4)

Article from The Indianapolis Journal, August 8, 1893

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Article Text

INCREASING THE CIRCULATION. Government Employes Working Extra Hours to Supply National Banks with Notes. WASHINGTON, Aug. 7.-To meet the con. stantly increasing demand for national bank notes from banks which are taking advantage of the low rate of government bonds and buying them and increasing their circulation, Secretary Carlisle has or. dered the force of the Bureau of Engraving and Printing to work from 8 A. M. until 6P. M. With these extra hours the total issue per day. beginning with to-morrow. will be about $1,250,000. exclusive of reissues. The gold in the treasury is daily increas ing. It stands to-day $102,291,395. or $2,291,395 above the reserve. The net balance of the treasury, however, by the statement issued to-day, showsa decrease attributed largely to a falling off in customs receipts. This balance 18 $15,989,722 The subsidiary silver in the treasury amounts to $12,599.000. So far this month the receipts in rouna figures amount to $5,000,000 and the expenditures to $7,750,000. of which $3,000,0 000 have been paid on the pension account. The largeexpenditureshavereduced the net balance. The fact that customs receipts are falling off, while it affects the government revenue from that source, has an ODposite bearing upon the general presperity of the country. as it shows that less money 18 being expended abroad for imported merchandise. The offers of silver to the Treasury De. partment to-day aggregated 505,000 ounces, and of this amount 21,000 ounces were purchased at 72.6, and the same price tendered for the remainder. Bank Examiner Caldwell has been placed in charge of the closed national bank at Sturgis, Mieb. Controller Eckels has authorized the First National Bank of Hutchinson, Kan.. late suspended, to reopen for business. and has appointed D.C. Tay for receiver of the First National Bank of Kankakee, 111. This bank failed some time ago. Refused to Accept New York Exchange. CHICAGO, Aug. 7.-The officers of the Stock Yards National Bank caused a mild sensation to-day when they refused to aocapt New York exchange from Evt. rn buy. ers. The stand taken by the bank officials had an effect on the market. which went considerably lower than on Saturday and


Article from St. Paul Daily Globe, August 8, 1893

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Article Text

Will Reopen. WASHINGTON, Aug. 7.-Comptroller Eckels has authorized the First National bank, of Hutchinson, Kan., lately suspended, to reopen for business. and has appointed D. C. Taylor receiver of the First National bank, of Kankakee, III. This bank failed some time ago.


Article from Rock Island Daily Argus, August 8, 1893

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Article Text

A Suspended Bonk to Reopen. W ASHINGTON, Aug. 8.-Comptroller Eckels has anthorized the First National bank of Hutchison, Kan., late suspended, to reopen for business.


Article from The Sun, August 10, 1893

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Article Text

THERS RANTS ISSUED COMING IN IN INDIANA. omthe Washington in intructions from National Custody- Bank Fla., The of the Were First Taken in Struation. lando, Banks Suspend last night the ANDO. Fla. Aug. 9.-Late First National of the suspended James L. Giles. and Nat Poyntz, Cashier were arrested on a J. B. Parramore Poyntz, in the cusof fraud. President Marshal. was taken to a United States out for J. H. Lee onville. Warrants O'Neal are of this city, diand W. R. for O. T. Poyntz. asof the bank. and is sick in bed. cashier. The latter well-known citiis in Ohio. All made are on allegations The arrests were Examiner McDonald. unout by Bank Eckels. charging rders from Comptroller report to the Compwith making a false testimony of the After hearing the Adams held Mr. under $15,000 sses. Commissioner bond to appear at the court of the United 9.-The States The men who are IANAPOLIS, Aug. the Indianapolis with wrecking be prosecuted. Bank are to Burkehas been States Attorney the examiner and conference with days, and as receiver for three preparations can as the necessary issued for the arrest warrants will charged be with violating men. who are Receiver Hawkins ational banking laws. instructions in ceived from Washington special cognizance he is charged to take banking laws. DisBurke Attorney violations of the had been called into conthe rebefore ion by Examiner it Young had practically been the that of this letter. and United States court of acts those Aug. National nined take cognizance managemento of the the bank. eted with the 9.-The The First institutions HVILLE, the oldest bank ing doors at 6:50 50 this by order evening oneof and State. closed its of the Board of with surors. announcement was conducted received as usual Business there been had been no intimathe day. and step was then contemplated. $1,000,000 surplus fund 7.180. such had n. n capital of $76.000, stock and of undivided a L amounting to dozen years ago with ago, a organized $500,000. Several years National stock of with the Third to an consolidation stock was increased interH .000. the capital President Justi solvent, said and in that the re hat the due bank to the is financial stringency di W timidity of depositors (esterday the PeoMinn., Aug 9. The directors held th open. and voted to ho failed Monday evening Monday there ting on and on of the On Saturday bank. So much be bo heavy run on the that a run could $67,000. not were withdrawn liabilities. Nato Assets are $135,000: Union Aug. slow 9. fa IESTER. Minn. this morning. The the bank to Bank closed deposits had reduced the of rawals of and the depreciation the ter ces materia to bring about bank Co ercial paper helped is solvent. and will resume V The a eiver Bank 04.1. the appointment Aug The Commercial bank wh ship NEAPOLIS, doors this morning. business on the east institution doing $200,000. its deposits IM Its capital is 000. The no and its time deposits the last statement 0 and discounts at It said by the offihe the bank to $642,000. that depositors will be paid of Bank Colfax. wa dei Wash., Aug. 9.-The 9. with The securities more private institution liabilities. temporaher to balance all on account out mple its doors yesterday It is under osed to realize on securities. reopen in a short that the doors been will made on other banks. a dro runs have The Commercial Bank H AUg. 9. city. made an assignsto institution of this stringency in the money vesterday The realize on securiand the inability to of the assignment nel given RN the cause $69,340: liabilities at M sets are placed at Bank at Angus. anRouse and was private The bank. Exchange hasassigned to H. A. started Cor Savings and city. ORLEANS. Aug. 9.-A run Bank. and alo on the Germania paid. When the came were promptly opened this mornis is v of the Germania were outside with their deLast (I.. the WAR a throng night the savings bank day sixty-day tigl = books. ers decided to enforce The Clearthe and the run finally ceased. a meeting to-day. strt buse Association. rrency at as much AS posaga to withhold more largely the business to eve nd to carry depositor on will be allowed clas hecks. $50 per day in currency. cled the NEW more than Clearing House certifiwat are remainder. issuing Money may be deCon Co for for withdrawal. -The Second National foot HAVEN. HA Aug. depository this city, was the Governm Treasury Department mes ordered by the in currency until furhad remittances only only will cause quite a neat save and otice. the This bank action Presidents are to meet to her er measures of relief. 9. Mitchell's Bank SWILLE. Ind., Aug. into volunwater IL blished notice that it and will go that no more will be hold muidation Oct. received. The ran ts or collections much cash as desto assi on hand :k bank twice will AS be organized to sucthe Ca one. Kan.. Aug. 9. -The report sent NaCHINSON. that the First time the Washington saying had been permitted IN Bank of Hutchinson Comptroller Eckels is man tional for business by read The HutchinIt should Bank have The First National Bank been closed. 9. meeting of the ClearSVILLE. Aug this afternoon to take Rac buse was held situation. which relieve the oppressive financial by the refusal made very to send out Mo New York banks here in collectPark There much trouble banks. All the banks ecks on country but nothing was the Eato urther city were than represented. to appoint a committee to ende on Aug. 18. Aug. A-The Sutton ANGELO, Tex., miles Park Bank of Sonora. seventy its doors yesterAbc of San Angelo, closed estimated at $17,000. allow The liabilities of are n bank building and a seets land consist of small value. town The Caldwell County actio ILTON. Mo.. Aug. and th Polo Exchange Stein Kingston. Mo banks, failed fore Polo. Mo., both private The Caldwell swor Bank has capital heir doors this morning. of $10,000. which Comi duced from $50,000. toqu Bes from 'oleman's Liabilities About that that NON. Pa.. Aug 9.-The liabilities of R. H. requi who assigned yesterday. will apship $3,500,000. and it is claimed they ble. days. the assets. Mr. Coleman's interest in was ksonville. Tampa and Key West Railway son 0 dollar rought him to the verge of financial account Afte The several suits instituted of $400,000 on eided alleged hypothecation Mr. Coleman. as well writ. of the road by inability to pay inter1.M ey tinued losses and to borrow