6774. Larned State Bank (Larned, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 3, 1893
Location
Larned, Kansas (38.181, -99.099)

Metadata

Model
gpt-5-mini
Short Digest
3a8620a5

Response Measures

None

Description

Multiple contemporaneous newspaper reports (July 3–4, 1893) state the Larned State Bank failed to open and a receiver was appointed the same day. Reasons reported include inability to realize on securities. December 1893 follow-up reports show court cases and agreement to pay depositors 50 cents on the dollar, consistent with permanent closure/receivership.

Events (3)
1. July 3, 1893 Receivership
Newspaper Excerpt
Judge Vandiver appointed A. H. Ainsworth receiver of the Larned
Source
newspapers
2. July 3, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Unable to realize on securities; bank failed to open and could not meet payments.
Newspaper Excerpt
the Larned State bank failed to open this morning. Judge Van Devert appointed A. H. Aineworth receiver of the Larned
Source
newspapers
3. December 13, 1893 Other
Newspaper Excerpt
the cases of the State against the Larned State and Pawnee County banks of this city, which failed on July 1 last, came up in the District Court ... an agreement between the officers of the banks and the depositors to pay 50 cents on the dollar
Source
newspapers

Newspaper Articles (6)
1. July 4, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, July 4, 1893

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Article Text

TWO KANSAS BANKS Both of Larned's Institutions Cannot Realize on Securities. LARNED Kan., July 3. The Pawnee County bank closed Saturday night and the Larned State bank failed to open this morning. Judge Van Devert appointed A. H. Aineworth receiver of the Earned and the Pawnee County made an assignment to A. W Jordan. The deposits and liabilities of the Pawnee are 818,000 and the cash on hand $500. The liabilities of the Larned are $28,000 and the cash on hand about $4,000. Both banks have notes and discounts which are considered good, ample to cover all liabilities.

2. July 4, 1893 Morning Journal and Courier New Haven, CT
Article from Morning Journal and Courier, July 4, 1893

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Article Text

COMPELLED TO SUSPEND. More Banks Are Obliged to Close Their Doors. LEADVILLE, Col., July 3 -The American National bank, owing to the impossibility of realizing upon its securities has been compelled to suspend payment. The officers state that the bank's resources are $536,134, liabilities $342,625, and that depositors will be paid in full. There was a run on the Carbonate bank this morning, but it ceased at noon. LARNED, Kans., July 3.-The Pawnee County bank closed Saturday night, and the Larned State bank failed to open this morning. A receiver of the Larned has been appointed, and the Pawnee county has assigned. The liabilities of the Pawnee are $18,000 and of the Larned $28,000. Both have notes and discounts considered ample to cover all liabilities.

3. July 4, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 4, 1893

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Article Text

Two Banks Suspend. LARNED, Kan., July 3.-The Pawnee County bank closed Saturday night and the Larned State bank failed to open this morning. Judge Vandiver anpointed a receiver of the Larned, and the Pawnee County bank made'an assignment. The deposits and liabilities of the Pawnee are $18,000 and the cash on hand $500. The liabilities of the Larned are $28,000 and the cash on hand about $4,000. Both banks have notes and discounts which are considered good and ample to cover all the liabilities.

4. July 7, 1893 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, July 7, 1893

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Article Text

Two Kansas Banks In Trouble. LARNED, Kan., July 3.-The Pawnee County bank closed Saturday night and the Larned State bank failed to open this morning. Judge Vandivert appointed A. H. Ainsworth receiver of the Larned and the Pawnee made an assignment to A. W. Jordan. The deposits and linbilities of the Pawnee are $18,000 and the cash on hand $500. The liabilities of the Larned are $28,000 and the cash on hand about $4,000. Both banks have notes and discounts which are considered good ample to cover all liabilities.

5. July 14, 1893 The Goodland Republic Goodland, KS
Article from The Goodland Republic, July 14, 1893

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Article Text

Larned Banks Fail to Open. LARNED, Kan., July 4.-The Pawnee County bank closed Saturday night, and the Larned State bank failed to open. Judge Vandivert appointed A. H. Ainsworth receiver of the Larned, and the Pawnee County made an assignment to A. W. Jordan.

6. December 14, 1893 The Sun New York, NY
Article from The Sun, December 14, 1893

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Article Text

Western Bank Troubles. RUSHVILLE. Neb., Dec. 13-The Bank of Rushville has been closed by the State Banking Board. The failure is the result of a run on the bank by the bringing of a suit for $30.000, to which the former manager was a defending party. HAY SPRINGS, Neb., Dec. 13.-The Bank of Hay Springs was closed yesterday by order of the State Bank Examiner. No reasons are a-signed. LARNED, Kan.. Dec. 13.-The cases of the State against the Larned State and Pawnee County banks of this city, which failed on July 1 last. came up in the District Court yesterday and were continued on agreement between the officers of the banks and the depositors to pay 50 cents on the dollar.