6775. Pawnee County 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
0c1ef3b5

Response Measures

None

Description

The Pawnee County Bank of Larned closed/ made an assignment on July 3, 1893 (no article describes a depositor run). Later reporting (Aug 23, 1893) describes arrests for embezzlement; Dec 13, 1893 reports legal cases and agreement to pay depositors 50 cents on the dollar. This indicates suspension/closure rather than a temporary run and reopening.

Events (3)
1. July 3, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and made an assignment due to inability to realize on securities and apparent insolvency; later reports indicate arrests for embezzlement of officers related to the bank's failure.
Newspaper Excerpt
The Pawnee County bank closed Saturday night and the Larned State bank failed to open this morning. ... the Pawnee County bank made an assignment.
Source
newspapers
2. August 23, 1893 Other
Newspaper Excerpt
H. and Frank Mathies, President and cashier of the Pawnee County Bank of Larned, were arrested ... charging them with embezzlement and receiving money after the bank became insolvent.
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 ... continued on agreement ... 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 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.

5. August 24, 1893 The Sun New York, NY
Article from The Sun, August 24, 1893

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Article Text

Banking Troubles. MILWAUKEE. Aug. 23.-The Bank of Plainfield. Wis., owned by H. N. Drake. suspended yesterday. No statement has been given out. CARBONDALE. Ill., Aug. 23.-The banking firm of Richards & Campbell made an assignment yesterday. The assets are $45,000; the liabilities $42,000. Mr. Campbell offers his property to his creditors. LARNED. Kan.. Aug. 23.-H. and Frank Mathies. President and cashier of the Pawnee County Bank of Larned. were arrested late yesterday afternoon on a warrant sworn out by one of the directors and two of the depositors of the bank charging them with embezzlement and receiving money after the bank became insolvent.

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.