6757. Edwards County Bank (Kinsley, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 29, 1890
Location
Kinsley, Kansas (37.923, -99.410)

Metadata

Model
gpt-5-mini
Short Digest
5bfdda18

Response Measures

None

Description

Articles (Oct 28–Nov 7, 1890) report Edwards County Bank at Kinsley closed/failed and a receiver (F. W. Edmonds) appointed. Closure is due to excessive lending, crop failures reducing collateral, and pressure from eastern creditors. No contemporaneous run is described; bank closed and entered receivership.

Events (2)

1. October 29, 1890 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Liberal lending during boom and subsequent crop failures left many bad loans; eastern creditors demanded payment and the bank could not meet obligations, forcing closure.
Newspaper Excerpt
the Edwards County Bank failed today.
Source
newspapers
2. October 31, 1890 Receivership
Newspaper Excerpt
F. W. Edmonds was appointed reciever and has not as yet completed his schedule of assets and liabilities, but he believes with a conservative administration of the estate, depositors will lose nothing.
Source
newspapers

Newspaper Articles (5)

Article from Deseret Evening News, October 29, 1890

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Article Text

Three Failures. CHICAGO, Oct 28.-The Mutual Fire Insurance Company assigned today. The company expects to make a settlement in full, having a large excess of assets over liabilities. The cause of failure was the unusually severe losses sustained during the past year. KINSLEY, Kan., Oct. 28.-The Edwards County Bank failed today. The assets are said to exceed the liabilities by a large amount, and the depositors will doubtless receive their claims in full. NEW YORK, Oct. 28.-I.S. Plautt, cloak manufacturer and proprietor of the Hotel Vendome, made an assignment. Arrangements are being madeby which the business will be carried on.


Article from The Kinsley Graphic, October 31, 1890

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Article Text

The old reliable Edwards County Bank has gone under The failure is a great misfortune to the county and surrounding country. During the yearsof1885 and 6 when the country was settling rapidly there was a large demand for money and the bank loaned liberaly to farmers and traders, and owing to the crop failures of 1887 and 8 customers could not meet their obligations to the bank without a waste-' full sacrifice. Money was plenty east, the bar. k's credit good. and being anxious to help the people and build up the country the bank people pledged their credit for money in the east, carried their customers and made still further loans, But many of their cusfomers failed. and their securities diminished with the general depreciation of values in farm products and stock, and eastern creditors becoming emphatic in their demands of the bank to meet its obligations with them, the bank found it impossible to do it and hence closed its doors on the 29. F. W. Edmonds was appointed reciever and has not as yet completed his schedule of assets and habilities, but he believes with a conservative administration of the estate, depositors will lose nothing. L. G. Botes, the cashier, has the spmpathy of the entire community.


Article from The Globe-Republican, November 5, 1890

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Article Text

THE Edwards County Bank, one of the first banking institutions established in this section of Kansas, has closed its doors. The failure is n great misfortune to the city of Kinsley and Edwards county, and was due to the very liberal loaning of money to farmers and traders generally. F. W. Edmonds was appointed receiver, who believes that with a conservative administration of the estate depositors will lose nothing. Hon. L. G. Boies, who has been the bank's cashier since 1877. has the respect and full confidence of his patrons, notwithstanding his failure in bussiness.


Article from Barton County Democrat, November 6, 1890

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Article Text

KANSAS STATE NEWS. A MOTION was made in the Supreme Court of the United States on the 27th to advance the three cases from Kansas growing out of the late decision regarding the Prohibitory law (as to original packages). when the Chief Justice said the cases would not be taken up until a successor to the late Justice Miller has been appointed. A PARTY of Kansas City, Kan., hunters recently found the dead body of a man lying on the bank of the river at Pomeroy. The body was perfectly nude and was lying partially in the water. About twenty feet away were clothes supposed to be those of the dead man. The body showed no marks of violence and it was thought that the man committed suicide with some poison. THE other night safe-crackers visited Mount Hope and cracked the safe of J. T. Frost, a merchant, and got $100. They also broke the safe of C. C. Thomas, a merchant, and got $90. The first door to the safe of the Mount Hope Bank was blown off and two drills were found stuck in the second and inner door. They were unable to get any money from the bank. One of the thieves, who is a Chicago crook by the name of Billy Morris, was arrested the next day at Wichita. THE twenty-secor annual meeting of the A. O. U. W. of Kansas was held recently at Hutchinson with delegations in attendance from all parts of the State. The following officers were elected for the ensuing year: J. A. Rea, Hutchinson, president; Thomas B. Allen, Hays City, vice-president; W. N. Wallace, Kingman, secretary and treasurer; A. W. McKinney and F. M. Chaplain, members of the executive committee. The next meeting will be at Kingman. PENSIONS were granted to the following Kansas veterans on the 28th: John M. Jones, of Moline; Henry C. Jewett, of Whitewater; George M. Mills, of Wichita; Nathan Barlow, of Rutland; Jesse S. Rodgers, of Fort Scott; Thomas Cougheton, of Circleville: Hiram M. Shaffer, of Gridley; John Patterson, of Burlington; Erastus W. Forbes, of Wichita; Richard J. Rudisill, of Emporia; Lorimore Ardery. of Hutchison; John W. Oliver, of Fredonia; John R. Hoover, of Montana; Edward A. Baldwin, of Topeka; John L Quiett, of Farmington; Charles W. Poston, of Longton; Daniel M. Morley, of Clyde, W. L. Crumrine, of Kanopolis; Harrison J. Goldsborough, of Cheney; Ephraim M. Bussert, of Cherryvale; Jesse H. Getty. of Lebo: Charles Bascom. of Ottawa: Elizabeth M. Smith, of Leavenworth, and the minor child of William Stewart, of Leavenworth. THE power and round house of the West Side Circle railway, at Topeka, burned to the ground at two o'clock the other morning. Three steam motors, valued at $4,500 each, and several cars were destroyed. The total loss was about $20,000, partially covered by insurance. THE Edwards County Bank at Kins'ey closed its doors the other day. It became involved during the boom three years ago, since which time it had not been able to recover. Its local deposits are said not to be large and in all probability will all be adjusted, specially as its assets are far in excess of its liabilities. THE other day Gottlieb Knepfer, an old citizen of Kansas City. Kan., was injured by being thrown from a buggy, which resulted in his death a few days later. MRS. MARTHA FAUBION and her daughter, of Argentine, were recently bitten by a mad dog-a family pet. EDDIE SAVENGER, only 9 years old, was recently arrested at Toneka for stealing a trunk containing $75 worth of hats belonging to Willie Sells, of Sells Bros.' circus. The boy said he broke a window and was assisted in the theft by two other boys. THE other night Bill Ford and Harry Dill started out at Wichita to paint the town, and before the decorations were complete got into a quarrel which resulted in Dill stabbing Ford with probably fatal effect. C. A. BENSON, who is under indictment for the murder of Mrs. Mettman, has been removed by the United States marshal from the jail at Leavenworth to the Topeka jail. GEORGE BEAL was recently thrown from his horse at Wichita and instantly killed. ROBERT ROONAN, a young bricklayer of Leavenworth, was recently murdered in a gambling den in Denver. The body was taken to Leavenworth for internment. A MAN by the name of F. H. Ackert lately victimized several parties in Kansas City, Kan., by purchasing several bills of goods and giving forged checks in payment. The police were eager to make his acquaintance but he studiously kept out of their way. THE shareholders of the Atchison, Topeka & Santa Fe Railway Company held a meeting at Topeka the other day and ratified the purchase of the Colorado Midland railway. THE Enterprise Normal College has suspended operations, the students being notified that the school's usefulness is over. GEORGE COOPER, colored, shot at Jake Overstreet, also colored, in a quarrel at Lawrence the other evening. and hit Charles Ashley in the right arm. A LATE fire at Belleville destroyed the First National Bank building, in which were a number of business firms, the Phillips building and other property valued at fully $50,000. THE old canning factory on the levee at Leavenworth, operated by the Michael Doyle Elevator Company of Rochester,


Article from The Kinsley Graphic, November 7, 1890

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Article Text

KANSAS STATE NEWS. A MOTION was made in the Supreme Court of the United States on the 27th to advance the three cases from Kansas growing out of the late decision regarding the Prohibitory law (as to original packages), when the Chief Justice said the cases would not be taken up until a successor to the late Justice Miller has been appointed. A PARTY of Kansas City, Kan., hunters recently found the dead body of a man lying on the bank of the river at Pomeroy. The body was perfectly nude and was lying partially in the water. About twenty feet away were clothes supposed to be those of the dead man. The body showed no marks of violence and it was thought that the man committed suicide with some poison. THE other night safe-crackers visited Mount Hope and cracked the safe of J. T. Frost, a merchant, and got $100. They also broke the safe of C. C. Thomas, a merchant, and got $90. The first door to the safe of the Mount Hope Bank was blown off and two drills were found stuck in the second and inner door. They were unable to get any money from the bank. One of the thieves, who is a Chicago crook by the name of Billy Morris, was arrested the next day at Wichita. THE twenty-second annual meeting of the A. O. U. W. of Kansas was held recently at Hutchinson with delegations in attendance from all parts of the State. The following officers were elected for the ensuing year: J. A. Rea, Hutchinson, president; Thomas B. Allen, Hays City, vice-president; W. N. Wallace, Kingman, secretary and treasurer; A. W. McKinney and F. M. Chaplain, members of the executive committee. The next meeting will be at Kingman PENSIONS were granted to the following Kansas veterans on the 28th: John M. Jones, of Moline; Henry C. Jewett, of Whitewater; George M. Mills, of Wichita; Nathan Barlow, of Rutland; Jesse S. Rodgers, of Fort Scott; Thomas Cougheton, of Circleville; Hiram M. Shaffer, of Gridley; John Patterson, of Burlington; Erastus W. Forbes, of Wichita; Richard J. Rudisill, of Emporia; Lorimore Ardery, of Hutchison; John W. Oliver, of Fredonia; John R. Hoover, of Montana; Edward A. Baldwin, of Topeka; John L Quiett, of Farmington; Charles W. Poston, of Longton; Daniel M. Morley, of Clyde, W. L Crumrine, of Kanopolis; Harrison J. Goldsborough, of Cheney; Ephraim M. Bussert, of Cherryvale; Jesse H. Getty, of Lebo; Charles Bascom, of Ottawa; Elizabeth M. Smith, of Leavenworth, and the minor child of William Stewart, of Leavenworth. THE power and round house of the West Side Circle railway, at Topeka, burned to the ground at two o'clock the other morning. Three steam motors, valued at $4,500 each, and several cars were destroyed. The total loss was about $20,000, partially covered by insurance. THE Edwards County Bank at Kins'ey closed its doors the other day. It became involved during the boom three years ago, since which time it had not been able to recover. Its local deposits are said not to be large and in all probability will all be adjusted, specially as its assets are far in excess of its liabilities. THE other day Gottlieb Knepfer, an old citizen of Kansas City, Kan, was injured by being thrown from a buggy, which resulted in his death a few days later. MRS. MARTHA FAUBION and her daughter, of Argentine, were recently bitten by a mad dog-a family pet. EDDIE SAVENGER, only 9 years old, was recently arrested at Topeka for stealing a trunk containing $75 worth of hats belonging to Willie Sells, of Sells Bros.' circus. The boy said he broke a window and was assisted in the theft by two other boys. THE other night Bill Ford and Harry Dill started out at Wichita to paint the town, and before the decorations were complete got into a quarrel which resulted in Dill stabbing Ford with probably fatal effect. C. A. BENSON, who is under indictment for the murder of Mrs. Mettman, has been removed by the United States marshal from the jail at Leavenworth to the Topeka jail. GEORGE BEAL was recently thrown from his horse at Wichita and instantly killed. ROBERT ROONAN, a young bricklayer of Leavenworth, was recently murdered in a gambling den in Denver. The body was taken to Leavenworth for internment. A MAN by the name of F. H. Ackert lately victimized several parties in Kansas City, Kan., by purchasing several bills of goods and giving forged checks in payment. The police were eager to make his acquaintance but he studiously kept out of their way. THE shareholders of the Atchison, Topeka & Santa Fe Railway Company held a meeting at Topeka the other day and ratified the purchase of the Colorado Midland railway. THE Enterprise Normal College has suspended operations, the students being notified that the school's usefulness is over. GEORGE COOPER, colored, shot at Jake Overstreet, also colored, in a quarrel at Lawrence the other evening, and hit Charles Ashley in the right arm. A LATE fire at Belleville destroyed the First National Bank building, in which were a number of business firms, the Phillips building and other property valued at fully $50,000. THE old canning factory on the levee atLeavenworth, operated by the Michael Doyle Elevator Company of Rochester, N. Y., burned to the ground the other morning. The Missouri Pacific freight depot caught fire several times. An evaporating kiln started the fire. The loss was about $6,000, with $5, 500 insurance, $3 300 on the building and $2,500 on the machinery and other contents. Doc RAYMOND, a hack driver, was found the other morning in the water of Three-Mile creek near Leavenworth. He had on no shoes or coat, and was in a partially demented condition He could give no account of how he came plight