Western Farm Mortgage Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 5, 1896
Location: Lawrence, Kansas (38.972, -95.235)

Metadata

Model: gpt-5-mini
Short Digest: 40ba3012

Response Measures

None

Description

Articles state the Western Farm Mortgage (Trust) Company of Lawrence, Kan. failed in the Kansas panic some years ago. No contemporaneous run is described; the bank previously failed and is the subject of lawsuits by National Bank of Commerce to collect on debts. I corrected the provided bank name to the form used in the articles ('Trust company'). Date of failure not specified in these articles.

Events (2)

1. December 5, 1896 Other

Newspaper Excerpt: The suits are brought by the National Bank of Commerce, of Kansas City, against twenty New York stockholders of the Western Farm Mortgage Trust company, of Lawrence, Kan.
Source: newspapers

2. * Receivership

Newspaper Excerpt: the Western Farm Mortgage Trust company, of Lawrence, Kan., which failed in the Kansas panic some years ago.
Source: newspapers

Newspaper Articles (3)

1. December 5, 1896 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, December 5, 1896

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Article Text

New York, Dec. 4.-The World tomorrow will say: A test case has been brought in each of the several federal courts of New York state to establish the liabilities of non-resident stockholders in Kansas corporations for the debts of such corporations. The law of Kansas provides that stockholders shall be responsible to the amount of their stock, and it remains to be seen if this obligation within the state of Kansas can be made binding upon those resident in other states. The amount involved in the present suits is only $80,000, but the ultimate results of the actions will determine the ownership of many millions in New York state alone, and more or less in all the eastern states. The suits are brought by the National Bank of Commerce, of Kansas City, against twenty New York stockholders of the Western Farm Mortgage Trust company, of Lawrence, Kan., which failed in the Kansas panic some years ago. Among the twenty or thirty persons sued in this vicinity are Louis Hernsheim, for $44,000; and the J. R. Andrienne estate of Poughkeepsie, for $13,000.

2. December 5, 1896 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, December 5, 1896

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Article Text

# TO TEST KANSAS LAWS. Cases Brought in Several Federal Courts of New York. New York, Dec. 5. -The World this morning says: A test case has been brought in each of the several federal courts of New York to test the liabilities of non-resident stockholders in Kansas corporations for debts of such corporations. The law of Kansas provides that stockholders shall be responsible to the amount of their stock, and it remains to be seen of this obligation within the state can be made binding upon those resident in other states. The amount involved in the present suits is nearly $80,000, but the ultimate results of the actions will determine the ownership of many millions in New York state alone, and more or less in all the eastern states. The suits are brought by the National Bank of Commerce of Kansas City against 20 New York stockholders of the Western Farm Mortgage Trust company of Lawrence, Kan., which failed in the Kansas panic some years ago. Among the 20 or 30 persons sued in this vicinity are Louis Hernsheim for $44,000, and the J. R. Andrienne estate of Poughkeepsie for $13,000.

3. December 5, 1896 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, December 5, 1896

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Article Text

# SUING KANSAS STOCKHOLDERS. Tests in New York as to the Liabilities of Nonresidents. NEW YORK, Dec. 4.-The World tomorrow will say: A test case has been brought in each of the several federal courts of New York state to establish the liabilities of non-resident stockholders in Kansas corporations for the debts of such corporations. The law of Kansas provides that stockholders shall be responsible to the amount of their stock and it remains to be seen if this obligation within the state of Kansas can be made binding upon those resident in other states. The amount involved in the present suits is only $80,000, but the ultimate results of the actions will determine the ownership of many millions in New York state alone and more or less in all the eastern states. The suits are brought by the National Bank of Commerce of Kansas City against twenty New York stockholders of the Western Farm Mortgage Trust company of Lawrence, Kan., which failed in the Kansas panic some years ago. Among the twenty or thirty persons sued in this vicinity are Louis Hernsheim for $44,000 and the J. B. Andrienne estate of Poughkeepsie for $13,000.