6787. Second National Bank (Lawrence, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1732
Charter Number
1732
Start Date
November 16, 1874
Location
Lawrence, Kansas (38.972, -95.235)

Metadata

Model
gpt-5-mini
Short Digest
e14fe9c0

Response Measures

None

Description

Newspapers (Nov 1874) report the Second National Bank of Lawrence failed to meet the U.S. Treasury Redemption Agency's call and its 5% deposit was exhausted; Treasury gave notice (Nov 16) that its national bank notes would be rejected for redemption. No article describes a depositor run; no evidence of reopening — classification as suspension leading to closure is most consistent with available text.

Events (4)

1. November 7, 1870 Chartered
Source
historical_nic
2. November 16, 1874 Suspension
Cause
Correspondent
Cause Details
Failed to meet U.S. Treasury (Redemption Agency) call to reimburse the Treasury for redeemed national bank notes; 5% deposit exhausted, so Treasury rejected the bank's notes for redemption thereafter.
Newspaper Excerpt
THE SECOND NATIONAL BANK of Lawrence, Kansas, having failed to meet the call of the Redemption Agency to reimburse the Treasury for its notes redeemed, and its deposit of five per cent. being exhausted, the Treasurer gives notice that from and after to-day its notes will be rejected when presented for redemption at the agency.
Source
newspapers
3. February 13, 1875 Other
Newspaper Excerpt
E. D. Hammond, teller of the Second National Bank of Lawrence is a defaulter in the sum of fourteen thousand dollars. The bank has been secured from loss and Hammond has fled.
Source
newspapers
4. August 23, 1876 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from Evening Star, November 16, 1874

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Article Text

EVENING STAR Washington News and Gossip. INTERNLRRVENUE-The receipts from this source to-day were $579,750.10. THE PRESIDENT 18 not at home to-day to visitore excepting members of his cabinet. SECRETARY BELKNAP had an interview with the Presid nt to-day. CENTENNIAL COMMISSIONER-The President has appointed Stephen B. Eikins, of New Mexico, a centennial commissioner. THE AMOUNT of national bank notes received at the Treasury to-day for redemption 10018 up $272,573. The EXTENSION of leave of absence granted Captain Robert P. Wilson, 5th cavalry, from headquarters military division of the Pacific, has been extended four months. THE RESIGNATION of Second Lieutenant Quincy O'm. Gillmore, 10th cavalry, has been accepted by the President, to take effect November 12th, last. MRS. A. W. RANDALL. widow of the late Postmaster General, who will be pleasantly remembered in Washington society, has made her debut as a public reader with gratifying success. PORTMASTER GENERAL JRWELL orders that bereatter certified checks deposited as security with the department by stage line bidders for mail contracts shall be returned to the depositors by mail instead of personally or by agent. THE ARKANSAS MudDLE,-Senator Dorsey of Arkansas, called on Attorney General Williams this morning in connection with the Arkansas muddle. The Attorney General has as yet taken DO action in the matter. VINNIE REAM'S STATUE "The West" was exhibited in the St. Louis fair and is now at the Mercantile Library in that city. The St. Louis papers praise it warmly, and 8 project is on foot to purchase it for the Mercantile Library. SATANTA AND BIG TREE have been sent under a strong guard to Texas, to be turned over to the civil authorities of thatstate. Unless the general government again interferest to save them, it is pretty certain that they will be hung for their crimes. THE NAVAL COURT-MARTIAL appointed to try Captain Truxton on the charge of carelees ness in allowing his ship, the Broo klyn, to run aground in Key West harbor, ret urned a verdiet of "not guilty." " The indings of the court have been approved by Secretary Robesoa, and the court dissolved Prof. SEELYE, of Amherst College, will be the only elergyman in the Forty-fourth Congrees. He is a doctor of divinity, and was pas. tor of the First Reformed Church of Schenecrady when he accepted the professorship. As a rule "christian statesmen" haven't done very well in Congress, but we hope for better things 18 this instance. ME REAY'S CREDITOES.-I is stated that the principal creditors of Mr. Geo. H. Reay, whose assignment is said to be due to the fact that he failed to get the post office envelope contract, are Parsons & Co., paper makers of Springfield, who furnished paper for the envelope contract, and the Messrs. Piere, of Paris. The remaining accounts are believed to be small. THE FREEDMEN'S BANK.-Mr. Cresswell, one the commissioners of the Freemen's Bank, says it will require $600,000 to enable the commissioners to declare a dividend of 20 per dent. and as yet they have collected but $70,000. With careful husbandry of the resources Mr. Creswell estimates tnat the bank will eventually pay 40 per cent. THE SECOND NATIONAL BANK of Lawrence, Kansas. having failed to meet the call of the Redemption Agency to reimburse the Treasury for its notes redeemed, and its deposit of five per cent. being exhausted, the Treasurer gives notice that from and after to-day its notes will be rejected when presented for redemption at the agency. THE UNSIGHTLY PARTITION, which was made of rough pine boards, in the rear of the Senate ladies' gallery, and which was converted into a Extempore room last winter for the use of the Joint Special Committee investigating District affairs, has been removed. On the walls which this partition formerly enclosed are placed the two paintings by Moran of the Grand Canon of the Yellowstone. PERSONAL.-Dorman B. Eaton, of the civil service commission, left for New York last night. Mr. Eaton has been entrusted by the joint special committee of Congress to prepare bill for the future government of the District of Columbia. Senator Mitchell, of Oregon, is in town. Secretary Delano was to-day engaged in preparing his annual report and refused to see visitors. THE DEATH OF HON. RUMSEY L. WING. A private letter, dated Quito, Octobeo states that Hon. E. Rumsey Wing, United States minister to Ecuador, died at Quito on the Monday preceding. This makes the date of his decease the 5th of October ins ead of the 11th, as at first reported. The death was sudden, and, as a post mortem examination showed, was caused by cerebral congestion. THE AMOUNT covered intothe treasury arising from cotton and other captured and abandoned property was $26,818,938. Deducting the awards to claimants there remains $10,414,000. There were about 800 claimants, and awards were made in cases. The various classes of claims remaining aggregate four or five times more than the amount remaining


Article from The Andrew County Republican, November 27, 1874

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Article Text

FINANCIAL AND INDUSTRIAL -There is an ominous outlook for laboring interests at Pittsburgh this winter. The general depression is the worst known since 1837. It is anticipated that the attempt to lower the wages of the iron-puddlere will be met by stern resistance on the part of the men, and that the mill owners will close their works, the effect of which would be suffering to thousands of human beings. -On the morning of the 13th the extensive woolen-mills of John & James Dobson, at the Falls of the Schuylkill, stopped running. A few days before the Messrs. Dobson had notified their hands that a reduction of the present wages of from 10 to 25 per cent. would be made. The weavers refused to work, and the works are closed. Seventeen hundred hands were employed, with a pay-roll of 855,000 per month, the works being among the largest in the United States. -The Second National Bank of Lawrence, Kan., having failed to meet the calls of the Redemption Agency of the United States Treasury Department, to reimburse the Treasury for its notes redeemed, and its deposit of 5 per cent. being exhansted, Treasurer Spinner gave notica on Nov. 16 that on and after that date the notes of that bank


Article from The Iola Register, February 13, 1875

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Article Text

STATE NEWS. Girard has a surplus of a few thousand dogs. Good sleighing in the northern par t of the State. Neosho county is having a red-hot county seat war. And now the Topeka Blade and Democrat are quareling. Osage county is involved in a perennial county seat contest. Three attempts at burglary were made at Salina last week. There are a good many Kansans in Washington this winter. Judge McComus has been lecturing on "Women" at Ft. Scott. The Alma salt works can make ten barrels of salt in six hours. They have come to salt water in the Council Grove coal shaft. The M. E. Conference will meet at Manhattan on the 20th of March. Capt. Smallwood late secretary of State is to start a paper at Hays City. There is coal under the La Cygne, if the editor of the Journal is not decieved. S. Crozier, of Franklin county, sold $1,290 worth of Silk worm eggs in France last year. The State of Kansas employs 5,043 school teachers, at an average of $32.96 per month. The City of Larned proposes to build a $10,000 bridge across the Arkansas river at that place. The salt works at Alma, Waubungee County are running 25 cauldrons and are turning out piles of salt. The Garnett Plaindealer says that Leavenworth county pays one-tenth of all taxes paid in the State. The editor of the Wyandotte Herald says that in these days a ten cent shin plaster looks as big as a bed blanket. The Walnut Valley Times reports that eighteen persons have been frozen to death in the counties west of that valley. The district clerk of Howard county goes out out of office with holes in the knees of his pants, and the county papers say its a sign of honesty. E. D. Hammond, teller of the Second National Bank of Lawrence is a defaulter in the sum of fourteen thousand dollars. The bank has been secured from loss and Hammond has fled. Mr. C. Wood Davis complains that wishing to have some papers served by an officer of Kingman county, he rode over the county for two days in search of one and did not see a human being. The Kansas Legislature snubded a number of Missouri newspaper men Monday by referring their memorial from Jefferson City, regarding the needs of the press in the Missouri Capital, to the Committee on Texas Cattle. The Commonwealth said there was a fair attendance of ladies out to hear the Woodhull, and the Democrat says there were ten females present and three of them soon departed. Which is which now ?