6829. Bank of Lyons (Lyons, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 17, 1891
Location
Lyons, Kansas (38.345, -98.202)

Metadata

Model
gpt-5-mini
Short Digest
2716537a

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Sept 16–17, 1891) report the Bank of Lyons (Lyons, KS) made an assignment of all its assets to W. G. Nickolas, doors closed and a suspension notice posted. This is an assignment/voluntary winding for benefit of creditors; no articles report a reopening, so classified as suspension leading to permanent closure. I corrected minor OCR variants of the trustee name (Nicholas/Nicbols/Nickolas) to the form reported most often (W. G. Nickolas).

Events (1)
1. September 17, 1891 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank made an assignment of all assets to W. G. Nickolas for benefit of creditors (voluntary assignment/insolvency).
Newspaper Excerpt
The Bank of Lyons ... made an assignment of all its assets yesterday to W. G. Nickolas for the benefit of creditors. The doors closed at noon and a notice announcing the suspension was posted.
Source
newspapers

Newspaper Articles (11)
1. September 17, 1891 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, September 17, 1891

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KANSAS BANK SUSPENDS. Supposed to be One of the Strongest in the State. LYONS, Kansas, Sept. 17.-The bank of Lyons, supposed to be the strongest financial institution in the state, made an assignment of all its assets yesterday to W. G. Nickolas, for the benefit of creditors. The doors closed at noon and a notice announcing the suspeasion was posted. The notice concluded as follo WS: "It is believed the assets will equal the liabilities." No statement of the condition of the bank can be procured from the bank officials.

2. September 17, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, September 17, 1891

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A Bank Goes Down. LYONS, Kan., Sept. 16.-The Bank of Lyons, supposed to be one of the strongest financial institutions in the state, made an assignment of all its assets today to W. G. Nicholas for the benefit of its creditors. The doors were closed at noon and a notice annnouncing the suspension was posted. The notice concludes as follows: "It is believed the assets wili equal the liabilities." No statement of the condition of the bank can be procured from the bank's officers.

3. September 18, 1891 New-York Tribune New York, NY
Article from New-York Tribune, September 18, 1891

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HAT MANUFACTURERS FAIL. ASSIGNMENT OF A BIG DANBURY FIRM-THE JAMES VICK CORPORATION IN TROUBLE. Danbury, Conn., Sept. 17 (Special).-Nichols & Moul, the largest manufacturers of felt hats in NewEngland, made an assignment this afternoon to Dempsey & Booth, attorneys. The firm is one of the oldest in the hat trade, and was considered perfectly sound; and the assignment caused a sensation In the trade. The liabilities and assets will be made known on Monday. Rochester, Sept. 17.-The Flour City Bank this morning levied on the property of the James Vick (seedsman) corporation, on a chattel mortgage for $85,000 held as collateral security. An application for a receiver will be made, and the corporation will be dissolved. The liabilities will amount to between $175,000 and $200,000, and the assets, If an advantageous sale of the valuable real estate owned by the firm is made, will be more than sufficient to cover liabilities. James Vick will continue the business on a smaller scale under his own name. The concern has been in embarrassed circumstances for years, but has managed to tide over emergencies until the present crisis. Lyons, Kan., Sept. 17. -The Bank of Lyons, supposed to be one of the strongest financial institutions in the State, made an assignment of all Its assets yesterday to W. G. Nickolas for the benefit of its creditors. The doors were closed at noon, and a notice announcing the suspension was posted. The notice closes as follows: "It is believed the assets will equal the liabilities." No statement of the condition of the bank can be procured from the bank's officers.

4. September 18, 1891 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, September 18, 1891

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A Kansas Bank Assigns. (By telegraph to the Dispatch.) LYONS, KAN.. September 17.-The Bank of Lyons, supposed to be one of the strongest financial institutions in the State, made an assignment of all its assets yesterday to W. G. Nickolas for the benefit of creditors. The doors were closed at noon and a notice announcing the suspension posted. The notice concludes as follows: "it 18 believed that the assets will equal the liabilities." No statement of the condition of the bank can be procured from the bank's officers,

5. September 18, 1891 The Morning News Savannah, GA
Article from The Morning News, September 18, 1891

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BANK DOORS CLOSED. One of the Strongest Institutions in Kansas Collapes. LYONS, KAN., Sept. 17,-The Bank of Lyons, supposed to be one of the strongest financial institutions in the state, has made an assignment of all its assets to W. G. Nickolas for the benefit of its creditors. The doors were closed at noon, and a notice announcing suspension was posted. The notice concludes as follows: "It is believed that the assets will equal the liabilities." No statement as to the bank's condition can be procured from the bank officers.

6. September 18, 1891 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, September 18, 1891

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A Bank Assigns. LYONS, Kan., Sept. 17.-[Special]The Bank of Lyons, supposed to be one of the strongest financial institutions in the State, made an assignment of all its a sets yesterday to W. G. Nickolas for the benefit of creditors. The doors were closed at noon and a notice announcing the Euspension was posted. The notice concludes as fo lows: "It is believed the assets will equal the liab lities. No statement of the condition of the bank c h be procured from the b: nk 0 licers."

7. September 18, 1891 Evening Journal Wilmington, DE
Article from Evening Journal, September 18, 1891

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THE NEWS IN BRIEF. The funeral of Dr. Loring, formerly minister to Portugal and a commissioner of agriculture, took placeat Boston, Mass. Sept. 17. General Franklin Foster Flint, a veteral of more than forty years' service in the regular army of the United States, died suddenly at Chicago. At New York Thomas S. Brennan was appointed a commissioner of street clean ing in place of Hans S. Beattie, removed. The Memphis Theater, the oldest in Mèmphis, Tenn., was destroyed by fire Loss $50,000, with $24,000 insurance. The irrigation congress at Utah has ad journed, after resolving that "it is justly due the settlers of Montana, the Dakotas Wyoming, Nebraska, Kansas and Oklaho ma, who have paid into the United States treasury millions of dollars in the pur chase of these lands and have expended other millions in fruitless attempts to farm them without irrigation, that a portion of the funds 80 paid be expended in securing to such lands the benefit of irrigation." The Bank of Lyons (Kan.) has made an assignment. It was supposed to be one oi the strongest financial institutions in the state. The rumored combination of the Cana dian Pacific, See and Great Northern railroad trust is denied. The body of a young woman, supposed to be that of the suicide of Sept. 10, was found below Niagara falls. Surgeons of the national guard of a number of states are in Chicago for the purpose of forming a national association. Fred Harvey, who has a number of eat ing houses along the line of the Atchison Topeka and Santa Fe railroad, was granted a perpetual injunction at Chicago yester day, restraining the company from run ning dining room cars over its line. Attorney General Miller has filed in the supreme court of the United States his re ply to briefs filed by counsel for J. L. Ra pier and George W. Dupre, representing the Louisiana Lottery company. Thomas Donahue was sentenced in Jer sey City to seven years' imprisonment foi manslaughter. The committee appointed to raise money for the proposed new Republican paper in Jersey City will issue 20,000 shares at five dollars each. Officer Newcombe, of the Seventh pre cinct, Jersey City, says his wife has an other husband. He has gone to Albany for proof. Prosecutor Winfield, of Jersey City, will apply for an order dismissing the appeal in the case of Edward Hillinger, the negre under sentence of death. Commander Augustus G. Kellogg, re cently on duty at the League Island navy 8 yard, was taken to St. Elizabeth's asylum. a at Washington, for treatment for brain trouble. About 200 boats line the banks of the d Erie canal at Buffalo, and boatmen are e complaining about the delays by low d water at Lockport. e At Sulphur Springs, Tex., Editor E. M es Tate shot and killed Editor Everett Moore Brooklyn politicians are now boomin Mayor Chapin again for mayor. Contest has been begun before Surrogat a Ransom over the will of Schuyler Skaats a an erratic New Yorker, who died at Corn 0 wall on July 23. His estate is valued a d $800,000. d Secretary Rusk will make a strong at tempt to have Great Britain's quarantin restrictions against American cattle re moved. President Harrison has been invited to attend the annual fair of the New Jerse State Agricultural society, which will b held next week.

8. September 19, 1891 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, September 19, 1891

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A Kansas Bank Failure. LYONS, Kan., Sept. 16.- The Bank of Lyons, supposed to be one of the strongest institutions in the state, assigned today to W. G. Nicbols. The doors were closed at noon and a notice announcing the suspension posted up. It is believed the assets will equal the liabilities.

9. September 19, 1891 Passaic City Record Passaic, NJ
Article from Passaic City Record, September 19, 1891

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LATER NEWS. CHARLES A. WOODBURY died at the Salem (Mass.) Hospital of hydrophobia. He was bitten by his dog six weeks before. THE New York Democratic State Convention as Saratoga nominated Roswell P. Flower for Governor, William F. Sheehan for Lieutenant-Governor, Frank Rice for Secretary, Elliott F. Danforth for Treasurer, Frank Campbell for Comptroller, Simon W. Rosendare for Attorney-General,and Martin W. Schenck for State Engineer. THE Massachusetts Republican State Convention met in Tremont Temple, Boston, Mass. Out of 1269 delegates 1245 were present. The following ticket was nominated: For Governor, Charles H. Allen, of Lowel's Lieutenant-Governor, William H. Haile, of Springfield; Secretary of State, William M. Olin, of Boston: Treasurer and Receiver-General, George A. Marden, of Lowell; AttorneyGeneral, Albert F. Pillsbury, of Boston, Auditor, John W. Kimball, of Fitchburg. THE wife of the President, Mrs. Harrison, and her daughter, Mrs. McKee, reached Auburndale, Mass., from Cape May, N. J., where they were to spend several weeks. THE decision of Judge Swan, of the New York United States District Court, which is final, and provides that Chinamen illegally in this country must be returned to the countries whence they came, not necessarily China, practically nullifies the Chinese Exclusion Act. THE President signed the commission of State Senator Francis Hendricks as Collector of Customs at New York. SECRETARY FOSTER issued a circular fixing September 30 as the last day on which the four and a half per cents shall be received for continuance at two per cent. THE damage to property by the flood at Consuegra, Spain, is estimated at $2,500,000. THE French and Italian Governments have recognized the provisional Government of Chili. THE first performance of Wagner's "Lohengrin," in spite of all opposition, was given at the Paris (France) Opera, and passed off with success. Two hundred mounted men and 300 on foot surrounded the building. There was a noisy demonstration outside the Opera House. EMPEROR WILLIAM witnessed military maneuvres near Mulhausen, Germany. STARVING peasants in the south of Russia are resorting to pillage and murder. GENERAL CARLO PACHECO, Minister of Public Works, Colonization, Industry, and Commerce in Mexico, died at Cordoba. Pacheco gained a lasting fame in the war for independence from the Maximilian monarchy. ONE of the big grinding mills of the Phonix Powder Manufacturing Company, near Farmingdale, N.J., blew up. The building contained fifty kegs of gunpowder. The entire structure was blown into kindling wood. THOMAS L. SHIELDS Secretary and Treasure of the Alleghany Heating Company, Pittsburg, Penn., is short $100,000 in his accounts. THE Flour City Bank levied on the James Vick Corporation, seeds, etc., at Rochester, N. Y. The liabilities are from $175,000 to $200,000. MAYOR GRANT, of New York City, appointed Thomas S. Brennan, ex-Charities Commissioner, to be Street Cleaning Commissioner, vice Hans S. Beattie, removed. JUDGE DUBOISE, in the Criminal Court, at Memphis, Tenn., overruled a motion for a new trial in the case of Colouel H. Clay King, for the murder of David H. Posten, and sentenced him to be hanged on November 6. FRED HARVEY, who has a number of eating houses along the line of the Atchison, Topeka and Santa Fe Railroad, was granted a perpetual injunction at Chicago, Ill., restraining the company from running dining room cars over its line. THE Memphis Theatre, the oldest in Memphis, Tenn., was burned to the ground. Loss, $50,000. FOUR convicts-David Bonney, William Britton, James Purcell and Samuel Murray escaped from the military prison at Fort Leavenworth, Kan. EVERETT MOORE. editor of the Alliance Vindicator, was shot dead in the street at Dallas, Texas, by E. M. Tate, editor of the Hopkins County Echo. For several months the two editors have been engaged in a bitter newspaper controversy, which had its origin in a dispute over the Sub-Treasury scheme. GENERAL FRANKLIN FOSTER FLINT, a veteran of over forty years' service in the Regular Army of the United States, died suddenly at his home in Highland Park, Ill., of apoplexy, aged seventy-one years. THE Bank of Lyons, supposed to be one of the strongest financial institutions in Kansas, has made an assignment of all its assets. A WEALTHY Northerner went South last winter to shoot. Editor Harris, of Rocky Mount, N. C., was kind to him. Editor Harris is now richer by $100,000, willed him by the Northerner. ATTORNEY-GENERAL MILLER filed his answer in the habeas corpus proceedings of arrested lottery men.

10. September 25, 1891 Shenandoah Herald Woodstock, VA
Article from Shenandoah Herald, September 25, 1891

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South and West. IN the Tennessee Legislatura the bill to abolish the convict lease system after the expiration of the present lease was kille 1. The bill probibiting corporations from paying employesin scrip was passed. CLARENCE T. JENKINS, a prominent church member, was arrested at St. Louis, Mo., charged with embezzling nearly $14,000 from his employers. He confessed his guilt. For seven years he has been the truste I cashier and bookkeeper of Armstrong, Gilbert & Co., cork manufacturers. JOHN McCAFFERTY, a lineman, received the full current of an electric wire at Cleveland, Ohio, and hung by his iron spurs for three minutes from a telegraph pole, his face and hands turning black. Ho diei on the way to a hospital. JUDGE DUBOISE, in the Criminal Court, at Memphis, Tenn., overruled a motion for a new trial in the caso of Colonel H. Clay King, for the murder of David H. Posten, and sentenced him to be hanged on November 6. FRED HARVEY, who has a number of eating houses along tha line of the Atch son, Topeka and Santa Fe Railroad, was granted a perpetual injunction at Chicago, III., restraining the company from running dining room cars over its line. THE Memphis Theatre, the oldest in Memphis, Tenn., was burned to the ground. Loss, $50,000. FOUR convicts-David Bonney, William Britton, James Purcell and Samuel Murray -escaped from the military prison at Fort Leavenworth, Kan. EVERETT MOORE. editor of the Alliance Vindicator, was shot dead in the street at Dallas, Texas, by E. M. Tate, editor of the Hopkins County Echo. For several months the two editors have been engaged in a bitter newspaper controversy, which had its origin in a dispute over the Sub-Treasury scheme. GENERAL FRANKLIN FOSTER FLINT, a veteran of over forty years' service in the Regular Army of the United States, died suddenly at his home in Highland Park, III., of apoplexy, aged seventy-one years. THE Bank of Lyons, supposed to be one of the strongest financial institutions in Kansas, has made an assignment of all its assets. A WEALTHY Northerner went South last winter to shoot. Editor Harris, of Rocky Mount, N.C., was kind to him. Editor Harris is now richer by $100,000, willed him by the Northerner. The United States Savings Bank of Topeka, Kan., which failed last March and was reopened July 2, has been again pla ced in the hands of a receiver. FIERCE forest fires raged in Wisconsin. Several villages and much valuable farm property have been destroyed. A VOTE at Chicago, III, as to whether the World's Fair should be kept open on Sundaysshowed the citizens overwhelmingly in favor of its being open. ALBERT MOREA, alias Grant Kitchen, the colored wife murderer, was hanged in the county jail at Savannah, (ia. R. H. Duncan, the four-times murderer, paid the penalty of his horrible crimo on the gallows at Eagle Pass, Texas.

11. September 25, 1891 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, September 25, 1891

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Ex-Congressman W. L. Scott of Erie, Pa., died suddenly Saturday evening. Phenomenal strikes of vetroleum are reported in Fresno county, California. be The national republican convention will held during the month of May next. Two balloonists were probably fatally jured at the Connecticut St fair ingovernment has the provisional recognized den. Chili, The Gen. J. English government officially at Meri- of F. Knapp of New York died sea last week while on his way home from at Europe. : The London and Westminster bank London dollars. has been robbed of over a million in A St. Petersburg journal wants to bury the hatchet and make friends of Russia and England Part of the vertebrae and three teeth of in elephant have been found near Galesburg, III. The 14th biennial Unitarian conference was held at Saratoga from Monday to Thursday. Gov. Abbett of New Jersey will to Campbell, Ohio next month to take the stump go for The bank of Lyons, Kan., supposed to be one of the strongest institutions in the State, has assigned. Senor Guirola, the retiring paid his farewell to from Admiral the arrival of the an minister, nounced president Yokohama A cablegram Tuesday. Monday. respects Charleston Salvadorian Belknap the at Princeton's freshman class is the largest that ever entered that institution and will number at least 325. The firm of S. N. White & Co., for one of the most prominent on the New years York tock exchange has failed. The National league magnates at meeting in New York decided to make the no overtures to the association. The rumored combination of the Canadian Pacific "Soo" with the Great Northwestern systems is officially denied. Mamaroneck (N. Y.) Monday celebrated he 200th anniversary of the purchase site from the of a young woman, the The that town body Indians supposed of to be of the suicide of September 10, has been found below Niagara Falls, A burglar attempted to gain admission to the Blaine mansion at Augusta, Me., Tues day night, but was frightened away. man named Anderson was killed Woodland, Aroostic by while at work in a lay A lightning in county, field. Maine, FriBriggs returned from will himself take Monday Dr. C.A. and Europe his heresy which will and Edward years, were drowned in the at Paterson Sunday while aged trial ng. iver William for 9 evening Walmsley, begin charge October Passaic twins, of bath- 5. It is rumored in Ottawa that the Canalian government is about to replace the bargo on logs shipped to points in the United emStates. The 45th annual session of the national council of the order of United American mechanics was opened at Troy, N. Y., Tuesday. While passing from one room to another with a baby in her arms Mrs. Frank McCornick of Homer tripped and fell breaking er neck. The Columbia Chemical works on Jay street, Brooklyn, N. Y., re burned Wedhesday morning, causing a loss $100,000. Spain, the bodies the floods have been undermined by the continue victims Many At Almeria houses, of to fall, of of buried. floods, 1781 over Because a fortune teller had swindled Mrs. Lindhorst of St. Louis out of her years savings, $1000, she jumped into many the Missouri river. Chief Arthur of the Brotherhood of Loco motive Engineers looks about 60 years old, 8 about five feet six inches tall and weighs about 150 pounds, Col. Frederick A. Conkling, brother of the late Roscoo Conkling, died at New York Friday of cancer of the stomach. He was 75 years old. Miss Ida Hewitt, "benutiful, accomplishd and under 20 years of age. runs a train on the Cairo and Kanawha railroad from Clarksburg, W. Va. At St. Louis Henry Altmeier shot Henry Ollegis Wednesday night and then killed himself. The men quarreled and Altmeier " as crazed with whiskey. The suspicion that lives were lost in he burning of the old New York Advertiser building was verified Thursday by the findng of two charred bodies. The whole press of Paris condemns Emrecent speech at in peror which Williams's it Erfurt, was reported he alluded to Napoleon [ as the "corsican parvenu." J. H. Pollard, aged 28, general secretary of the Greenfield Mass., Y. M. C. A. was drowned in the Connecticut river while bathing Thursday afternoon. The hearing in the famous Searles will case at Salem, Mass.. E. F. Scarles opened Tuesday. testified that he married Mrs. Hopkins for both love and who shot down H. Col. Poston H. Clay King, money. David on the streets of Nashville on the 0th of November last has been sentent