6735. Bank of Kansas City (Kansas City, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 8, 1896
Location
Kansas City, Kansas (39.114, -94.627)

Metadata

Model
gpt-5-mini
Short Digest
e761d3c7

Response Measures

None

Description

The Bank of Kansas City (Kansas) closed its doors on Feb 8, 1896 and a receiver (C. F. Wilner) was appointed Mar 27, 1896. Subsequent reporting documents insolvency tied to large loans to the cashier W. G. Porter and arrests for receiving deposits while insolvent. No article describes a depositor run prior to suspension; the failure appears driven by bank-specific insolvency/embezzlement.

Events (3)

1. February 8, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank forced to close due to insolvency; assets insufficient and large indebtedness to cashier W. G. Porter; alleged improper receipt of deposits while insolvent.
Newspaper Excerpt
Judge Alden of Wyandotte county has appointed C. F. Wilner receiver of the Bank of Kansas City that closed its doors on February 8th.
Source
newspapers
2. March 27, 1896 Receivership
Newspaper Excerpt
Judge Alden of Wyandotte county has appointed C. F. Wilner receiver of the Bank of Kansas City that closed its doors on February 8th.
Source
newspapers
3. September 15, 1896 Other
Newspaper Excerpt
W. G. Porter, Jr., was arrested here yesterday charging him on two counts, with receiving money as cashier of the Bank of Kansas City, Kansas, when he knew that institution was insolvent and in a failing condition. The receiver ... found the deposits of the institution to be about $6,000. In the possession of the bank was little except the fixtures.
Source
newspapers

Newspaper Articles (5)

Article from The Advocate, February 12, 1896

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Article Text

Some News About Kansas. tion will not consent to such a trimKansas City, Kas., now has a police matron. ming, either. A number of Republican papers are Coldwater has a new anti gambling ordinance. geting 80 thoroughly ashamed of the present administration that they spell State Superintendent Stanley wants the party name with a lower case "r." to be renominated. The St. Louis Republic insists that The A. P. A. State convention met its "small fry" interview was authenin Topeka this week. tic and that he said it. Burton is tryThe Wyandotte County Historical ing to get out of it by a general denial. Society is a new organization. The Meriden Ledger (Rep.) says MorThe Republican State convention rill cannot carry a township in Jefferwill be composed of 615 delegates. son county, and that he had better deA. D. Hubbard, of Topeka, has been velop interest in his private business elected President of the State A. P. A. affairs. Ex-Chief Justice Horton says he is The Republican State convention not a candidate for Senator or anything has been called to meet at Wichita else. March 10. This convention will elect delegates-at-large to the national conThere will be thirty names on the vention. ballots this year, besides township officers. The Capital's voting contest shows Four of the nine officers of the State 3,188 for McKinley, 282 for Reed, 228 for Allison, and 155 for Harrison. For A. P. A. organization are from Kansas second choice Reed and Allison are in City, Kas. the lead. The Wichita Eagle (Rep.) is willing The Galena lead and zinc mines are to excuse Morrill on the ground that he is insane. enjoying 8 great big steady growth in the matter of development which will In the convention fight in the Resoon make that region the richest in publican committee Leland's crowd the West. won by one vote. The Watchman, recently started at Ed Hoch threatens to show up the Washington by L. S. Sprengle, forpresent "business" administration if merly of the Republic, has been sold the fight on him don't stop. to Otis Nesbitt, a bright young newsThe People's Paper (Stafford) is fapaper man. vorable to Caldwell for President beColean, the embezzling Fort Scott cause he is as homely as Lincoln was. bank cashier, entered a plea of guilty Jerry Simpson, in a Washington inand was given three years in the Peniterview, says he will be a candidate tentiary. He was short several thoufor Congressman in the Seventh dissand dollars. trict. The receiver of the Alliance ExSalina is getting tired of paying exchange at Anthony has been discharged orbitant water rates, and the Union and the management will revert to the wants a municipal ownership system original company. It is doing a good adopted. business now. Harry Root, who has been working The Fourth district Republican confor the Atchison Champion for fifteen vention will be held March 9 at Emyears, is now traveling for the State poria, A candidate for Congress and Journal. delegates to the St. Louis convention The Bank of Kansas City, Kas., for will be named. which redeemer Billy Buchan was atThe Paola Republican (Rep.) thinks torney, has joined the army of the that if Chief Justice Martin wants to "busted." be re-elected he ought to ask the PopIf the present Board of Railroad ulists for the nomination rather than Commissioners is worth a continental the Republicans. to the State of Kansas no one has The latest candidate for the Populist found it out. State convention is Salina. That city At a recent series of revival meetis in a Populist county, is centrally loings in Greeley county one-twentieth cated, and would be able to accomoof the entire population of the county date the convention. was converted. John G. Otis and A. H. Wetherbee, The Populist State convention is apboth well-known Kansas men, are parently a good thing, judging from members of the Board of Directors of the way the best towns in the Stateare the Colorado Co-operative Company hustling for it. located at Naturita, Col. "Foghorn" Funston inclines to the In the list of bond bidders the Advoopinion that he can be Secretary of CATE only finds two from Kansas-the Agriculture if McKinley is elected to First National bank of Manhattan, the Presidency. $10,000 at 112, and the First National Gaines, the Topeka redeemer policebank of Atchison, $50,000 at 110. man who shot Albert Cruger last sumThe Tribune now wants a watermer, was found guilty of manslaughter works plant in Meriden. That town is in the third degree. doing its best to keep up with the proA canvass of the Republican State cession, and the Tribune deserves credit for its able efforts in that line. committee resulted in thirty-two de. claring for McKinley, two for Reed A Kansas City, Kas., man has deand one for Allison. vised & scheme whereby he can pull a The Lawrence World wants to know string which connects with a feed-box what kind of a "restorative" Morrill in the stable and thereby feed his has given Barney Kelly to keep him horse in the morning without getting out of bed. quiet 80 long at a time. The Burlington Courier, on behalf of The Baldwin Bulletin (Rep.), which is getting on to Morrill, says "it is not the Populists of Coffey county, places in nomination for Governor Senator strange that whiskyites gather around him like flies to carrion. John W. Leedy, of LeRoy. The Senator is a good Populist, a good fighter The Leavenworth Times says the and an honorable man. Republican convention was called early so the anti-Leland forces would The Galena Times will begin the publication of a daily edition March 1. not have time to organize. This paper is the paper of southerst The fight that a number of cities are Kansas for information in regard to making to secure the Populist State enormous and rapidly increasing minconvention would not lead anyone to ing enterprises of that section. believe that the party is dead. Harper county raised 4,147,675 bushThe Supreme court has rendered a els of corn this vear of which 999 249


Article from The Topeka State Journal, March 27, 1896

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Article Text

Receiver for Kansas City Bank. Judge Alden of Wyandotte county has appointed C. F. Wilner receiver of the Bank of Kansas City that closed its doors on February 8th. The bank was capitalized at $50,000.


Article from The Topeka State Journal, September 15, 1896

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Article Text

Kansas City, Kansas, Bank Cashier in the Toils. Received Deposits When Bank Was Insolvent. READS THE WARRANT. Jennie Gibson Deposited $900 on January 13. Squabble Over "an $800 Collection Hastens the Arrest. Kansas City, Kan., Sept. 15.-W. G. Porter, Jr., was arrested here yesterday charging him on two counts, with receiving money as cashier of the Bank of Kansas City, Kansas, when he knew that institution was insolvent and in a failing condition. The warrants were issued on complaint of Jennie Gibson and Milam Collins. The complaint of Jennie Gibson is to the effect that on January 13, 1896, W. G. Porter, as cashier, received a deposit of money to the value of $900. The other warrant charges Porter with receiving $85.51 on deposit on December 16, 1895. The arrest of Porter following immediately after the suit filed against him by Receiver C. F. Willner to recover $5,200 borrowed from the institution, indicates that the failure of the bank is to lead to more legal complications than was at first thought probable. When the Bank of Kansas City, Kansas, was forced out of existence and C. F. Willner appointed as its receiver, he found the deposits of the institution to be about $6,000. In the possession of the bank was little except the fixtures. An investigation of the assets showed that the largest debtor the institution had was its cashier, W. G. Porter, and Porter's wife. They had borrowed money from the bank and given as security therefor their promissory notes. The receiver some time ago got hold of an $800 Montana collection which the bank officers claimed was not bank property, but belonged to them individually. The receiver refused to turn it over and suit was brought against him. Suit was then begun by the receiver to collect on promissory notes, and the civil action evidently caused the arrest.


Article from Barbour County Index, September 23, 1896

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NEWS IN BRIEF St. Paul is without money to run schools. A great gold find has been made near Rawlins, Wyo A gambling boat was dynamited Burnside, Ky. J. W. McBride has charge of the labor bureau in connection with Democratic national committee. The W. Deweese-Wood Iron mills McKeesport, Pa., Cambria Iron Works Johnstown, Pa., Arlington Cottor Mills, Wilmington, Del., Joliet branch of the Illinois Steel Company, have resumed work, employing about 6,000 men. Colorado mine owners propose manding of the smelters that coin be paid them for the product of their mines. which gold will be in paying off employes and will thus go into circulation. Frank P. Slavin knocked out Jake Kilrain at Baltimore in one round. Near Watonga, Ok., Farmer John Rucker was robbed and murdered two unknown negroes. whom the "Anti-Horse Thief association" trailing. Peter Henshaw, aged 23. committed suicide at Nevada, Mo., by taking strychnine. after a call on a young lady to tentions. whom he had been paying The Bennett National bank of New Whatcomb, Wash., has suspended cause of the withdrawal of deposits beyond the power of the bank to spond. S. C. Ruckman of Fay, Blaine county, Ok., wasmurdered by negroes Coffin, Altemus & Co., the oldest dry failed. goods house in Philadelphia, Herman Parker. aged 4, was suffocated in a flaxseed bin in his father's barn near O'Neill, Neb. Pawnee Indians drew $65,000 nuity money, and theskin game "con" men got lots of it. T. J. Bryan, a cousin of the presidential candidate, is in jail at Little Rock for obtaining money under false pretenses. Spain has backed down and conceded civil trials to the Competitor crew, among whom is Owen Melton, the Kansan. Absconding Cashier Thompson of Sedalia is now tie and wood inspector on the Mexican Central, with headquarters in the City of Mexico. Two men and twenty-five horses lost their lives in a fire which partially destroyed Albert Manger's ery stable in Milwaukee, Wis. Cashier William G. Porter, Jr., of the failed Bank of Kansas City, Kan. is under arrest for receiving deposits when he knew the bank was insolvent. Six Indians got drunk and wounded Agent Gitlaim at Big Jim's crossing Little river in attempting to hold him up. A posse pursued the reds and killed every one of them. President Stewart of Fort Scott's police board, has withdrawn his resignation as commissioner and will leave the Methodist church instead of throwing un his job. He had been condemned by quarterly conference for allowing open saloons in Fort Scott. The New York police think they have Bill Dalton, the notorious Western desperado, who has been slain times without number, located Gotham and they are searching for him. A young man supposed to be Bill Dalton's son is under arrest for robbery, and it is believed that Dalton, pater, was his accomplice. Dress shirts are laundered in Chicago now for 3 cents, because of a rate war At Las Vegas, N. M., Jose Perea shot himself and his fiance in a fit of jealous rage. Nellie Sparks of Marshall started to school at St. Louis but eloped with Newman Newell and was married and obtained parental forgiveness instead. Charles A. Huff, who has been cutting a wide swath in Topeka society, is an ex-convict and his money being all spent he has disappeared, leaving creditors in the lurch. Leaders of the conspiracy against Spain in the Province of Cavette, Phillippine Islands, have been shot. Foreigners in Constantinople say that 5,000 Armenians were killed during the recent riots. Corbett and Fitzsimmons have agreed to a finish fight some time next Sujads Four persons killed and sixteen seriously injured is the result of a wreck on the Arcata and Mad railroad, about five miles north of Arcata, Cal. Provided satisfactory freight ar. rangements can be made with the


Article from Kansas City Daily Journal, December 19, 1896

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Judgment Against W. G. Porter. Judgment WAS given in the district court yesterday to the receiver of the defunct Bank of Kansas City, Kas., in his action against Mr. and Mrs. W. G. Porter upon