6777. Latimer State Bank (Latimer, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1932*
Location
Latimer, Kansas (38.739, -96.846)

Metadata

Model
gpt-5-mini
Short Digest
d7b22a8d

Response Measures

None

Description

The Latimer State Bank suspended/closed in the winter of 1932 and was placed in receivership. Articles describe dividends being paid by the state bank receiver in May–June 1932; there is no indication the bank resumed normal operations. No run on the bank is described.

Events (2)

1. January 1, 1932* Suspension
Cause Details
Closed/suspended in winter 1932 along with several Morris County banks; placed in state receiver control (cause not specified in articles).
Newspaper Excerpt
the Burdick Latimer, Wilsey, and Parkerville banks which suspended about the same time.
Source
newspapers
2. June 25, 1932 Receivership
Newspaper Excerpt
Geo. Parker authority from Johnson, state bank receiver, to make 25 per cent from funds the Latimer State bank on Thursday, June ... Mr. Parker ... states that payment is being made without any assessment on stockholders ... at amount about ... that sum of money going into circulation just ahead ... a great boon the vicinity . . . the Latimer State bank first payment of 25 percent Officials said both banks would probably pay in full .
Source
newspapers

Newspaper Articles (4)

Article from Council Grove Republican, May 19, 1932

Click image to open full size in new tab

Article Text

BANK DIVIDEND Rhodes to Pay 25 Percent at White City Now The first dividend to depositors from any of the five Morris county banks which closed last winter paid this month by the Farmers State of City. Rhodes, assistant receiver, has secured authorfrom Chas. Johnson, general bank to disburse dividend of 25 per cent on May 25 per cent will return about $8,000 to deThe White City bank closed on Jan. and is putting portion of its frozen assets back in circulation ahead of the Burdick Latimer, Wilsey, and Parkerville banks which suspended about the same time. At Latimer meeting bank officials has been called for this week and is likely arrangements will made to declare dividend there.


Article from Council Grove Republican, May 23, 1932

Click image to open full size in new tab

Article Text

PAYS NEXT Parker to Distribute On June More Morris county depositors are to have their bank deposits released early next month. Geo. Parker authority from Johnson, state bank receiver, to make 25 per cent from funds the Latimer State bank on Thursday, June per cent dividend at amount about That sum of gomoney ing into circulation just ahead time will be great boon the vicinity. Mr. Parker, who has been acting assisant receiver, states that payment is being made without any assessment stockholders, and that he hopes to 100 per cent without an At Burdick collections are still being made, but unlikely that any dividend will be clared there before July


Article from The Springfield Press, June 24, 1932

Click image to open full size in new tab

Article Text

NEBRASKA HITS HIGH TAXATION Unemployment and Big Cost of Government Also Are Assailed. By RALPH TURNER United Press Staff Correspondent NEBRASKA CITY, Neb., June 24 -High taxes, unemployment, absurdly low prices for farm products, the high cost of government-these are the political thoughts that race trough the minds of men who live along the rich lands of the Missouri vallew in southeastern Nebraska. There is confusion about it all. The residents of this town and Falls City, farther south, do not necessarily talk in terms of political partisanship. But they are emphatic about the realities of today and they say these realities are the things that should concern poli- Prohibition Is Secondary. The moral or constitutional phases of prohibition are decidedly secondary, although they say in Falls City it might be good idea to legalize the sale of liquor, because perhaps this would mean more jobs and government revenue and would lighten the tax burden. "We have 3,000 customers in this bank," said Catron, president of the Farmers bank. see them all from time to time. They say expenses must be cut. that taxes are too high, and that we must live like we did back in the 90's They don't talk much about prohibition. They talk about how much money spent in Washington and about low prices they get for their corn and wheat cattle and hogs and their fruit. Why, one man told me today. he had had to sell his eggs as low as 5 cents dozen. Up walked J. W. Haberg. one of the 3,000 customers, who agent for the Chicago, Burlington & Quincy, and also owns farm. "The taxes on my farm last year." he said, "were $422.97. In 1922 they were about $100. The government should stop spending money and reduce taxes." On the opposite corner. J. C. Thygeson, proprietor of drug store, remarked that business would be bad until the farmer gets more money for his produce. Should Benefit. "But Hoover's done as well as anybody could," he added. In Falls City, like this town, about 7,000 in population. the people talked much the same lot the people sore about it," thought A. B. Rose, who conducts A corner store. "Taxes are up and prices are down. They think prohibition maybe should be repealed because then the government could tax liquor. "The money bootlegger owner the People's people are going to buy "So liquor, long any- as way, why not let the government get the money for it?" W. Crook, owner of hardware store, said: "I'd be indicted if told you what thought. The government is full of racketeers." DEPOSITORS GET DIVIDENDS COUNCIL GROVE, Kan.-Dividends have been paid to depositors of two Morris county banks which closed six months ago. The Wilsey State bank made first payment of 20 percent and the Latimer State bank first payment of 25 percent Officials said both banks would probably pay in full.


Article from Council Grove Republican, June 29, 1932

Click image to open full size in new tab

Article Text

WHY TAXES SOAR treasurer of Morris subject Some poitical writer with a to will democratic voters at statistical bent has been looking the August GEO SANFORD up the figures which illustrate FOR SHERIFF candithe borrowing propensities dedate for veloped by some states during of subject to the party prithe ten years following the war, mary in EARL H. HAMMER and here are a few of his findFOR ings. New York increased her for the nomination borrowing during those ten years subject 221 per cent; Illinois, 8,777 per the will of the republican voters at the primary next cent; California, 1,099 per cent; MICHAEL Missouri, 1,842 per cent; New FOR nereby Jersey 10,476 per cent and Mich- my candidacy for sheriff of Morris igan 808 cent. on democratic ticket subper ject to the August A number of the principal citH JACOBS, ies were not far behind the FOR states. New York City shows an of sheriff increase of 104 per cent during of Morris subject to the party primary this decade, Chicago 467 per cent G. C. PECK and Philadelphia 377 per cent. FOR With record of reckless, if didate for sheriff of Morris county not actual extravagant spending the sub ject the will of Republica like this staring property OWRALPH KNOTT ners in the face, it easy to FOR understand why taxes have soarmy for the nomination of ed in the last half dozen years sheriff of Morris subject to the of the until the burden has become unB. VINING bearable to the small property FOR owner. the republican Cornelius Vanderbilt, jr., recently motored through Kansas to study political sentiment. He saw more than aspiring politicians. according to this: My pictures of Kansas have come heretofore through Pullman windows. But the four days I've been motoring there have given me new perspective. In spring the state is a midwest garden spot quite as scenically lovely as Great Britain Never have seen such greenery, such old-fashioned trees, such miles of furrowed acres, such a variety of graceful garden flowers, nor heard so many birds a-twitter. Attention! Kansans. Go and get City Globe. At the urgent request of hundreds of friends (oh, well, one man suggested it) we have decided enter politics Our name will appear on the primary ballot in August as a candidate for Republican committee man for A precinct of the fourth ward in Arkansas City They tell us this is just the first step toward becoming president. If you want us for president, vote for us in August as precinct committeeman. (Adv.) Arkansas City Traveler. NOTICE OF SHERIFF'S SALE In the District Court of Morris County, Charles W. Johnson. Kansas Receiver of the Latimer State Bank Plaintiff The Latimer Farmers Union of Latimer, Kansas, and Paul Wendt. Defendants NOTICE OF SHERIFF SALE Notice is hereby given that under and by an issued by the Clerk order the District sale, Court and for said County of Morris in certain action in said court numbered 8187, wherein the parties above were tively plaintiff and defendants, to mle the undersigned Sheriff said county directed, will offer for and auction, and sell to the highest bidder for cash in at the Latimer Farmers Union Elevator, Latimer, Kansas. county, on the 5th day of 1932, at M. of said day the described personal property, to-wit: Elevator, including: Elevator building Wareroom building Office building Fairbanks platform scales Loading scales Fan Water small scale iron work table roll top telephone chair stool adding machine (Burroughs) typewriter Said property offered for in single items, then bulk. single Items bid is the highest, single bidder. If bulk bid the highest and best bid, then it will be sold in bulk. PARKER, Sheriff HARRY E. SNYDER, Attorney for plaintifff (1st pub June 22; last pub June 29) Mr. and Mrs. Elmer Lindstrom and William Foresberg of Burdick were here this morning on business. Miss Betty Baker of Pueblo, Colo, is here as the guest of her grandmother Mrs. S. L. Keith and other relatives.