6893. Mulberry State Bank (Mulberry, KS)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
August 1, 1926*
Location
Mulberry, Kansas (37.557, -94.622)

Metadata

Model
gpt-5-mini
Short Digest
4fb839cc

Response Measures

None

Description

Articles indicate the Mulberry State Bank closed its doors (reported as closing last August in a Jan 1927 item) and receivers were appointed in March 1927. A later 1929 article states the banks of which the president was found guilty has since reopened, indicating the Mulberry bank was reorganized and reopened. No article describes a depositor run; closure appears to be by state banking department action and receivership followed.

Events (4)

1. August 1, 1926* Suspension
Cause
Government Action
Cause Details
Closed by the state banking department / bank closed its doors (reported as closing in August prior to Jan 1927)
Newspaper Excerpt
dividend of 25 per cent will be paid to depositors of the defunct Mulberry State Bank, Janu25, it is announced by Barassistant receiver for the Institution, which closed its doors last August.
Source
newspapers
2. March 7, 1927 Other
Newspaper Excerpt
ANNOUNCE BANK RECEIVERS ... Mulberry bank plans re-organize and re-open ... named receiver for the Fort Scott Miller bank. Jonathan Miller ... turned the bankdepartment for sett!affairs of the Miller banks.
Source
newspapers
3. March 7, 1927 Receivership
Newspaper Excerpt
ANNOUNCE BANK RECEIVERS ... Roy Bone, bank commissioner. James Fowler. Arcadia named receiver for Englevale and Arma banks and Mulberry bank plans re-organize and re-open ... George Stevenson, Pittsburg lawyer, be receiver ... named Friday for the Fort Scott Miller bank.
Source
newspapers
4. January 3, 1929 Reopening
Newspaper Excerpt
All Banking Institutions of Which President Failed Reopened. ... The bank has since reopened.
Source
newspapers

Newspaper Articles (4)

Article from The Independent, December 10, 1926

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Article Text

THE INDEPENDENT Published Weekly By The Independent Publishing & Printing Co. A newspaper devoted to the best commercial, industrial and social interests of the city of Mulberry and Crawford County. Subscription Rates In Crawford and Adjoining Counties, Per Year $1.50 Outside the Trade Territory Per Year $2.00 HOT ON THE TRAIL The Pittsburg Sun put Sheriff Turkington in a new role the other morning when it said, reporting the Croweburg killing, "a 'caldron' of sheriff's deputies was thrown around the house." Did The Sun mean that Turkington keeps them in a caldron so they will stay "hot," or did it intend to say, "cordon TOLD YA SO Last spring when the miners were "marhing" on the non-union shovels and mines in the district, attorneygeneral Griffith was enlisted to stop them on the theory that the union men were attempting to coerce and abuse the non-union coal diggers. As a matter of fact, the union miners were simply trying to convince their errant brothers that they were hurting themselves as well as the union cause generally. Late developments have shown the wisdom of those who warned the non-union miners. Not very far from Mulberry is one of the openshop shovels which hired teamsters for 50c a ton. By Herculean efforts a man with a good team could make about $5.00 a day. The union wage scale called for about $7.00 a day for this kind of work. If they had not worked at this small figure, the operator would of course, been foreed to pay the wage scale fixed by the union contract. So they, or some miner, lost a couple of dollars every day they worked. But to add insult to injury, the shovel in question has now purchase tractors and the erstwhile nonunion men are thrown out of even their 50c a ton job. The union won't reinstate them so they can't go to work at some union mine. But the union men have the satisfaction of saying, "We told you so." THE MINERS BANK Since the failure of the Mulberry State Bank, local citizens have come to realize the value to a community of a safe and sound financial institution such as the Miners State Bank. Merchants here have seen what one bank failure can do to a community; think what it would have mean't to Mulberry had the Miller bank also been forced to close its doors. The very fact that it withstood the unusual strain of caring for the financial needs of a community or dinarily served by two banks, gives an idea of its financial calibre. Following the Mulberry State failure, the resultant demands on the remaining bank amounted almost to a run, but the bank was never in any danger, and it has come through a hard summer and fall in as good shape as any bank in the state. And in it all is an example of the value of individuals. Without John Miller, the Miners State Bank might easily have gone the way of its neighbor. The financial and business size of Mr. Miller practically guarantees the security of any concern with which he is connected.


Article from Mcdonald Standard, January 27, 1927

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Article Text

dividend of 25 per cent will be paid to depositors of the defunct Mulberry State Bank, Janu25, it is announced by Barassistant receiver for the Institution, which closed its doors last August. The will amount about new addition costing $15,000 is being added to the local school building here will give the city community building seating capacity for 600 persons. included.


Article from The Emporia Gazette, March 7, 1927

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Article Text

ANNOUNCE BANK RECEIVERS Selections Satisfy Owner of Crawford County Bank. Pittsburg. March ceivers the banks the chain closed by the state banking department. were nounced here last night Roy Bone, bank commissioner. James Fowler. Arcadia named receiver for Englevale and Arma banks and Mulberry bank plans re-organize and re-open fail. George Stevenson, Pittsburg lawyer, be receiver Pittsburg, Opolis and Cherokee Fred Bayless, Fort Scott lawnamed Friday for the Fort Scott Miller bank. Joathan Miller. head of the banking chain, personally proved the named, posing their names to the missioner. Miller now tempting sell extensive lands reported to the banking department the sale land amounting Funds realized from the lands turned the bankdepartment for sett!affairs of the Miller banks.


Article from Joplin Globe, January 3, 1929

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Article Text

Crawford County, Kansas, Financier Found Guilty on 25 Counts in Bank Failure. All Banking Institutions of Which President Failed Reopened. Pittsburg, Kan., Jan. than Miller of Mulberry, former head of six Kansas banks, all which closed their doors February 1927, was found guilty today in district court at Fort Scott on counts of deposits the Midwest cepting State bank Fort Scott after he knew the bank was in failing condition, and count of makone false entries the bank ords and sending false reports the state banking department. Miller formerly was president of the Fort Scott bank and banks Pittsburg, Arma, Englevale, Mulberry, Cherokee and Opolis. The bank has since reopened. Jury Out Half Hour. The jury deliberated only thirty minutes before verdict. Trinkle, however, sentence until o'clock Saturday morning Sentence for each count from five may years the state penitentiary. from $1,000 to $5,000 fine, both. event sentence sentences may consecutively. The defense filed motion for trial. In the original petition there seventeen counts charging Miller with but dismissed funds, court had granted the fense motion for particulars. The trial Montee, vice the Midwest bank, president will not be hald until the probably court since several of May attorneys will be the the lature. He faces similar charges. Miller's trial began December delayed by the illness and the counsel. Counsel for the state attempted Miller's connection with show bank. alleging that the value often exceeded the limit the state law. that by companies which not incorporated. Members alleged discrepancies Land Practically Worthless. the defense. the Counsel show other hand, attempted Miller had enough coal that the obligation the lands Value of coal lands bank. placed between the amount owed depositors the bank only State however. $20,000. forward facts show that brought much the coal land was practiworthless. The defense also attempted that Miller, president had little do with the bank, actual management and hence be held responsible. himself, In testifying stand Monday, sald witness that through his Connolly, working co-operation state banking department, had tried sell property his debts, and that Connolly made several trips various effort to dispose of his points He did 280 acres of to Mr. Clemens Fart of this Pittsburg, land to the extent added. Land In Missouri, Too. Warren, attorney for the receiver, declared that the bank's defense had first tried to that his agents had tried to his debts, property pay buldn't sell and then had themselves and tried they were selling lands chiefly Kansas, and county, Barton Missouri. At time regarded one the men this section the because his huge holdcountry coal lands and because industrial enterprises. His conviction followed series actions, and bankruptcy proceedings still pending him federal court. The against actions suits filed by receivers the various banks which falled. and understood that paid practically all the notes. The criminal Fort Scott the only ones that nature filed against rumored that the banks would Pittsburg and Crawford county bankers met to