6900. Bank of Ness City (Ness City, KS)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 26, 1893
Location: Ness City, Kansas (38.453, -99.907)

Metadata

Model: gpt-5-mini
Short Digest: f2f3f46d

Response Measures

None

Description

Multiple contemporary newspaper dispatches (June 26–27, 1893) report the Bank of Ness City was closed/taken into custody by State Bank Commissioner Breidenthal after failing to raise funds from eastern stockholders. Reports cite very low cash on hand and heavy real-estate loans/bad debts. No article describes a depositor run prior to the suspension; the closure appears regulatory and due to insolvency. No reopening is reported.

Events (1)

1. June 26, 1893 Suspension

Cause: Government Action
Cause Details: Closed/taken into custody by State Bank Commissioner Breidenthal after unsuccessful attempt to raise funds from eastern stockholders; insolvency from heavy real-estate loans/bad debts and very low cash on hand (reported ~$83.55).
Newspaper Excerpt: The Bank of Ness City has closed its doors ... when the bank commissioner took charge it had only $83.55 on hand. Mr. Breidenthal says ... the bank was loaded down with real estate and bad debts.
Source: newspapers

Newspaper Articles (13)

1. June 26, 1893 Evening Star Washington, DC

Article from Evening Star, June 26, 1893

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CLOSED THEIR DOORS. Banks and Business Men Unable to Meet Their Obligations. MINNEAPOLIS, MINN., June - The Bank of New England has suspended payment. The capital stock of the bank is $100,000; surplus, $12,000; undivided profits, $4,000; deposits unknown. The Chemical National of Chicago. recently failed, was the Chicago correspondent. TOPEKA. KAN., June 26.-The Bank of Ness City has closed its doors with but $85.39 in cash on hand. Deposits amount to $31,360, with other liabilities of $4.000. It has loans aggregating $74.000, mostly on real estate securities, from which but little can be realized. The capital of the bank is $40,000. NEW YORK, June 26.-Aaron W. Mann, Solon H. Mann and David Mann. composing the firm of Mann Bros., clothing dealers at Nos. 314 to 318 Broadway. today confessed judgment for $55,925.67. The attorneys for the firm place the liabilities at $250,000. The failure was caused, it is said, by creditors issuing attachments against Mann Bros. property on Saturday last. No statement of. the assets can be had until the inventory has been completed. The sheriff today took possession of the firm's stock on three executions which were issued on the judgments obtained. BUFFALO. N. Y., June -The Queen City Bank of this city has failed.

2. June 27, 1893 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, June 27, 1893

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FAILURES. MINNEAPOLIS, Minn., June 26.-The Bank of New England suspended payment Since this morning, temporarily at least. the failure of the State bank on Thursday dethere has been a steady withdrawal of posits. A. J. Blethen, the president of the bank, says that it had considerable money tied up by the Chicago failures. Every depositor, be adds, will be paid in full, of the as the stockholders i suffer instead if the bank does had cash available to the last depositors The bank not of resume. amount the $64,000 on May 4, the time and of but its liabilities were $200,000 that report, somewhat in excess of The capital stock of the is surplus, the amount. $100,000; assets $12,000; undivided bank profits, $4,000; deposits unknown. NESS CITY, Kan., June 26,-The Bank of ComNess City has been closed by Bank missioner Breidenthal, after an unsuccess- its ful attempt to raise money among its eastern stockholders to tide it over bank, present embarrassment. This had $31,300 which had a capital of $40,000, in deposits. When the bank commissioner took charge of it the cash on hand amountd to just $83.55. Mr. Breidenthal says real that the bank was loaded down with estate and bad debts. BUFFALO, N. Y. June 26.-The Queen The City bank of this city has failed. suspension is due to a drain of money bank out the bank for several weeks. The offiof owes depositors over $1,400,000. The will cers are hopeful that the bank reThe liabilities of the bank. accord- The sume. ing to the June report, are $2,323,754. assets are not known. The bank paid out all the money it had, Mr. to dimes, nickels and pennies. even Englehart, one of the directors, said that but the bank had plenty of collateral, found it impossible to realize on it in New the present financial stringency. The York banks would not let them have any The depositors will be paid In money. The state superintendent of banking an examiner here. until when he full. dent, will send recently, resigned The presi- on H. account of ill health, was William Jackson. Since his resignation the bank has been in charge of a committee of its directors. ALBANY, N. Y., June 26.-SuperintendPreston of the state banking department, ent speaking of the Queen City bank failure, said that the report of the condi- re-tion of the bank on June 1st showed sources of $2,351,600 and liabilities of $2,Reference to the amount of cash 351,600. on hand shows that it does not equal the amount of the 10 per cent legal reserve required by law. The report of the examiner for Feburary showed a nominal sur- had plus of $35,600. Poor investments considerable to do with the collapse. CHESTER, Pa., June 26. - The Crum Creek Iron and Steel company has assigned. The liabilities are estimated at $120,000 and the assets at $119,000. The sum of $40,000.is due the company from a former agent. Dullness in trade and threatened suits caused the failure. NEW YORK, June 26.Mann Bros., clothing dealers, today confessed judgment for $55,000. The attorneys for the say that the liabilities are about $300,000, half of which istor borrowed money and the other half for merchandise, The value of the assets is not known. The failure is attributed to several causes, the stringency in the money market being the principal one, as they were unable to meet notes as they mature. NEW YORK, June 26.-The supreme court this morning appointed a receiver for the Mutual Brewing company of College Point. GALLIPOLIS, O., June 26.-The Carl coal works, at Carlton, have assigned. The liabilities are $50,000, and the assets £7,000. HAMILTON, O., June 26.-Louis Snyder's Sons tonight assigned their four great paper mills at Hamilton, and their real estate and paper warehouses, with contents, in Cincinnati. The assets are over $1,000,000. The liabilities are less than $300,000. The assignment is due to the fact that they were unable to borrow $7, 000 from the banks. It is an old and well established firm. PORT ANGIERS, Wash., June 26.-The First National bank has suspended temporarily. The assets are $142,000, and the liabilities $85,000. SAN FRANCISCO, June 26.-Sands & Gump. extensive dealers in rt goods, have assigned. The liabilities are $14,000 and in the assets $100,000. The stringency money caused the failure. WILMINGTON, O., June -The Sabina bank, a private banking institution in this is county, has suspended. The capital $12,000. No statement was made. BOSTON, June xi-Forty-three banks, represented at the clearing house meeting this morning, voted unanimously in favor of clearing house certificates for payment at the clearing house.

3. June 27, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, June 27, 1893

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Clearing House Certificates in Boston. BOSTON, June 26.-Forty-three banks represented at the clearing house meeting this morning voted unanimously in favor of clearing house certificates for payment at the clearing house. Ten banks were not represented. The committee having the matter in charge will meet tomorrow and daily thereafter at 11 a. m., to receive applications for them. It was voted that the number of certificates issued should be made public daily, although the names of the banks making application for the same will not be published. Bad News From Gallipolis. CLEVELAND, 04 June 26.-A special from Gallipolis, O., says the Carl Coal Works of Carlton, this county, assigned this morning. The liabilities are $50,000; assets $7000. Private Concern Suspends. WILMINGTON,O., June 26.-The Sabina bank, a private banking institution of this county, has suspended. The capital stock is about $25,000. Only $8000 on Hand. TOPEKA, Kans., June 26.-The bank of Ness City was closed today by the state bank commissioner after an unsuccessful attempt to raise money among its eastern stockholders to tide it over its present embarrassment. This bank had a capital stock of $40,000, and had $31,300 deposits. When the bank comptroller took charge it had only $8,395 on hand. No Others Involved. MINNEAPOLIS, Minn., June 26.-The band of New England suspended payment today. May 4th its liabilities were $200,000; assets somewhat more. No other banks are involved.

4. June 27, 1893 The Times Richmond, VA

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MORE BANK FAILURES. Two Small Banks Suspend-California Banks Resume. TOPEKA, KAN., June 26.-The Bank of Ness City has closed its doors with but eighty-five dollars and thirty-nine cents in cash on hand. Deposits amount to $31,360, with other liabilities of $4,000. It has loans aggregating $74,000, mostly on real estate securities, from which but little can be realized. The capital of the bank is $40,000. WASHINGTON O., June 26.-Sabina and Jeffersonville banks closed their doors this morning: caused by the failure of W. T. Haydock, of St. Louis, who. is a stockholder in both banks. The Sabina Bank had a capital of $25,000. SAN DIEGO, CAL. June 26.-The Bank of Commerce resumed business this morning, and the First National Bank will probably resume in a few days. Queen City Bank Suspends. BUFFALO, June 26.-The Queen City Bank, which was started here a little over a year ago, closed its doors shortly after noon to-d V. Mr. F. M. Inglehart, one of the direct 's, said that the suspension was due to a steady drain of money out of the bank, which has been going on for several weeks. The bank paid out all the money it had, even the dimes, nickels and pennies, and when the last cent was gone the officers went out and closed. Mr. Inglehart said that the bank had plenty of collateral, but found it impossible to raise money on it in the present financial stringency. The New York banks would not let them have any money. He said the depositors will be paid in full. The bank owes depositors $1,400,000. MINNEAPOLIS, MINN., June 26.-The Bank of New England has suspended payment. Capital stock, $100,000. Deposits unknown.

5. June 27, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, June 27, 1893

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Small Banks Embarrassed. TOPEKA, Kan.. June 26.-The Bank of Ness City has been closed by State Bank Commissioner Breidenthal after an unsuccessful attempt to raise money among its Eastern stockholders to tide it over its present difficulties. This bank, which haa a capital stock of $40,000, had $31,300 deposits. and when the bank commissioner took charge it had just $83.15 cash on hand. Bank Commissioner Breidenthal says the bank. was loaded down with real estate. PORT ANGELES, Wash., June 26.-The First National Bank suspended to-day temporarily. Assets. $142.00 liabilities, 885,000; due depositors, $82,000. The bank expects to resume in a short time. WILMINGTON, O.. June 26.-The Sabina Bank. a private institution of this county, has suspended. It had a capital of about $25,000. Isaac Lewis, a farmer, was president.

6. June 27, 1893 New-York Tribune New York, NY

Article from New-York Tribune, June 27, 1893

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MORE WESTERN BANKS GO DOWN. Minneapolis, June 26.-The Bank of New-England suspended payment this morning, temporarily, at least. Since the failure of the State Bank Thursday there has been a steady withdrawal of deposits. A. J. Blethen, the president of the bank. says It had considerable money tied up by the Chicago failures. Every depositor, lie adds, will be paid in full. as the stock holders will suffer Instead of the depositors If the bank does not resame. The capital stock of the bank is $100,000; surplus, $12,000; undivided profits, $4,000; deposits unknown. The Chemical National, of Chicago, recently failed. was the Chicago correspondent. The bank had cash available of 864,000 on May 4, the time of the last report: but its liabili ties were $200,000, and assets somewhat In excess of that amount. No other banks are in any way involved, as they were warned by the State Bank failure. The bank was organized about two years ago. Topeka, Kan., June 26.-The Bank of Ness City has been closed by State Bank Commissioner Breidenthal, after an unsaccessful attempt to raise money among its Eastern stockholders to tide 11 over Its present embarrassment. This bank, which has a capital stock of $40,000, had $31,300 deposits. and when the Bank Controller took charge it land cash on hand of 883 95. Bank Commissioner Breidenthal says the bank was loaded down with real estate. Washington Court House, Ohlo. June 26.-Sabina and Jeffersonville banks closed their doors this morning. caused by the failure of W. T. Haydock, of SI. Louis, who is a stockholder in both banks. The Sabina Bank had a capital of $25,000.

7. June 27, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, June 27, 1893

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Yesterday's Failures. TOPEKA, Kan., June 6.-The bank of Ness City has closed its doors with but $885.39 in cash on hand. Deposits amount to $31,360 with other liabilities of $1,000. It has loans aggregating $74,000, mostly on real estate securities, from which but little can be realized. The capital of the bank is $40,000. W ASHINGTON, Ohio, June 26.-The Sabina and Jeffersonville banks closed their doors this morning, caused by the failure of W. T. Haydock, of St. Louis, who is a stockholder in both banks. The Sabina bank had a capital of $25,000. BUFFALO, N. Y., June 26. - The Queen City Bank which was started here a little over a year ago, closed its doors shortly after noon to-day. F. M. Inglehardt, one of the directors, said that the suspension was due to the steady drain of money out of the bank which has been going on for several weeks. The bank paid out all the money it had, even to dimes, nickels and pennies. and when the last cent was gone the officers went out and closed the doors. Inglehardt said that the bank had plenty of collateral but found it impossible to raise money on it in the present finar cisl stringency. The New York banks would not let them have any money. He said depositors will be paid in full. The bank owes depositors $1,400,000.

8. June 28, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, June 28, 1893

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COLUMNS REDUCED TO LINES. An army medical school is to be established in. Washington. A recent treasury decision has increased the duty on firecrackers. The Virginia legislature will be asked to Improve the military system of the state. The Norfolk (Va.) county truckers are much encouraged at their luck this season. Americans in Honolulu have made elaborate preparations to celebrate the Fourth. President Cleveland will probably remain in Washington until the middle of July. The India government has stopped the coinage of silver for private account at the India mint. Bank failures: Bank of New England, Minneapolis; Bank of Ness City, Kan.; Queen City bank, Buffalo. Secretary Hoke Smith has returned to Washington from a brief visit to his family in the Virginia mountains. A cote of carrier pigeous will be taken north by Lieutenant Peary and liberated with messages for civilization. Dried apples imported into Norway are to be confiscated hereafter because some have been found to contain zinc. Two of the victims of the Ford's theater building are still under treatment at the Emergency hospital, Washington. Secretary Carlisle has requested the resig nation of General James R. O'Beirne, assistant immigration commissioner at New York. The San Francisco and Vesuvius will represent the navy at the dedication of the statue of Admiral Farragut at Boston on the 28th. The prosperity experienced by the Japanese pearl fishers in Australia has prompted another body of Japanese to set out for same place. Theodore Runyon, United States minister to Germany, has taken Mrs. Runyon to Ems in order that she may be treated there for a bronchial affection. By a decision of the interstate commerce commission celery must now be classified by railroads with asparagus and other vegetables instead of with berries, grapes, etc. It is likely there will be a brisk competition between Russian and American oil in Japan. A tract of land has been purchased in Yokohama on which it is said tanks for the storage of American oil will be erected. Memorial day was celebrated by the American colony in Yokohama Japan, in which officers and marines from the United States steamship Lancaster participated. The oration was delivered by 1. D. M. Sweat. At Youngstown, O., Charles Burson's hair is naturally white, but after working in the mills a few hours and becoming heated it turns a brilliant red. When Burson leaves the mill and cools off, his hair restimes its natural color.

9. June 29, 1893 Echo De L'ouest Minneapolis, MN

Article from Echo De L'ouest, June 29, 1893

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Faillites da Banques La "City National Bank" de Greenville Mich. 8 suspendu ses paiements. Est fermée également la "Ridgeway Bank" de Ridg way Pa. Passif 236000 doilars. La Todd County Bank de Long Praire Minn a fait faillite. La "St Paul & Minneapolis Trust Co" de Minnespo'is dont l'ex gouverneur A. McGill est président a déposé son bilan. L'inspecteur des banques M. Caldwele a ordonné la fermeture de la "Cty National Bank" de Greenville Mich. Passif encore inconnu. La "Queen City Bank" de Buffulo N. Y. ayant un capital de 600,000 dollars a suspendu ses paiemente. Fredman & Fredman de Chicago ont déposé leur bilan ainsi que Sherman & Byrne de New-York et Creety & Noyes de Boston. L'American Exchange Bank de Minheapolis a fermée BES portes. La "First National Bank" et la Commercial Bank" toutes deux de Santa Anna Cal. n'ont pas ouvert leuis portes samedi dernier. Les portes de la "Peoples Bink" de Pomoma Cal. sont restées her métiquement closes lundi matin. La "Bank of Commerce" de San Diego, Cal. a fait faillite. Il en est de même de la "Loan & Savinga Bank" de Tresno Cal La "State Bank" et la "Bank of New England" de Minneapolis ont suspendu leurs paiemente. MM. B iri et Bradly de Chicago ont fait faillite. Passif 400,000. Tombées également: "The Sabina Bank" of Wilmington, Ohio et la "Bank of Ness City," Kansas. Quand donc la serie sera-t-elle terminée?

10. June 29, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, June 29, 1893

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BANKS FAIL. Several Financial Institutions in Various Places Forced to Suspend. SAN FRANCISCO, June 24.-At a meeting of directors of the Pacific bank, of San Francisco ,it was decided to close the doors. In a statement issued by the vice president the liabilities, outside of capital stock and surplus, are placed at $1,630,000. Assets, properly handled, $2,000,000. All the banks of this city were well prepared for the expected runs on them® NIAGARA FALLS, N.Y., June 24.-The Cataract bank of this city, the largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit. The suspension was totally unexpected and was not preceded by a run on the bank. MINNEAPOLIS, Minn., June 24.-The State Bank of Minneapolis suspended payment Friday owing to heavy withdrawals of deposits, withdrawals since March having aggregated $100,000. BUFFALO, N. ¥., June -The Queen City bank, which was started here a little over a year ago, closed its doors shortly after noon Monday. F. M. Englehart, one of the directors, said that the suspension was due to a steady drain of money out of the bank, which has been going on for several weeks. The bank paid out all the money it had. It owes its depositors over $1,400,000. The liabilities of the bank according to the June report are $2,328,754. The assets are unknown. TOPEKA, Kan., June i.-The bank of Ness City has closed its doors with but $85.39 in cash on hand. Deposits amount to $31,360. with other liabilities of $4,000. It has loans aggregating $74,000, mostly on real estate, from which but little can be realized. The capital of the bank is $40,000. MINNEAPOLS, Minn., June 27. -The Bank of New England closed its doors yesterday. SABINA, O., June 27.-The Sabina bank was forced to suspend yesterday.

11. July 1, 1893 Huntsville Gazette Huntsville, AL

Article from Huntsville Gazette, July 1, 1893

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MISCELLANEOUS. FOR the seven days ended June 24 the attendance at the World fair was 703,000, an average of something over 100,000. ON the 24th the gold balance in the United States treasury was was $94,261,138. A NEGRO was bound to a rock and kept in the broiling sun, throughout the entire day in Florence, Ala., because he failed to pay his taxes and refused to work them out. THE Columbia Launch Co., of Chicago, has gone into the hands of a receiver. They operated several steamboats between the city and the World's fair. ON the 26th the eighth annual convention of the Ohio Christian Endeavor Union convened in Cincinnati, with 2,000 delegates in attendance. The Bank of Commerce of San Diego, Cal., has resumed business. THE Queen City bank of Buffalo, N. Y. has failed. A BIG publie-works steal has been unearthed in Canada. ON the 26th the Bank of Ness City, Kas., closed it doors, with but $85.39 in cash on hand. Deposits amount to $31,360, with other liabilities of $4,000. A DISPATCH from Mecca states that there were 455 deaths from cholera in that city on the 25th.

12. July 1, 1893 The Irish Standard Minneapolis, Saint Paul, MN

Article from The Irish Standard, July 1, 1893

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BANKS FAIL. Several Financial Institutions in Various Places Forced to Suspend. BUFFALO, N. Y., June 27.-The Queen City bank, which was started here a little over a year ago, closed its doors shortly after noon Monday. F. M. Englehart, one of the directors, said that the suspension was due to a steady drain of money out of the bank, which has been going on for several weeks. The bank paid out all the money it had. It owes its depositors over $1,400,000. The liabilities of the bank according to the June report are $2,328,754. The assets are unknown. TOPEKA, Kan., June 27.-The bank of Ness City has closed its doors with but $85.39 in cash on hand. Deposits amount to $31,360, with other liabilities of $4,000. It has loans aggregating $74,000, mostly on real estate, from which but little can be realized. The capital of the bank is $40,000. MINNEAPOLS, Minn., June 27. The Bank of New England closed its doors yesterday. SABINA, O., June 27. The Sabina bank was forced to suspend yesterday. MINNEAPOLIS, Minn., June 28.-The American Exchange suspended temporarily owing to the money stringency. It has $500,000 authorized capital stock, with $50,000 paid up. Depositors will be paid in full.

13. July 6, 1893 The Worthington Advance Worthington, MN

Article from The Worthington Advance, July 6, 1893

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WEST AND SOUTH. THE firm of S. & G. Gump, dealers in art goods at Nan Francisco, made an assignment with liabilities of $140,000. THE death of Rev. W. W, Kone, aged 90 years, occurred at Denison, Tex. He was the oldest Baptist minister in the United States, having entered the ministry at the àge of 18, THE Bank of New England at Minneapolis, Minn, the Sabina (O.) bank and the bank of Ness City, Kan., closed their doors. The governor of Illinois has pardoned Michael Schwab, Samuel Fielden and Oscar Neebe, the anarchists sentenced to state's prison on the charge of complicity In the Haymarket massacre in Chicago May 4, 1886. Fielden and Schawb were sentenced to prison for life and Neebe for fifteen years. IN Detroit Frank Hayes, aged 20 years. was found guilty of murder and sentenced to imprisonment for life. THE Merchants' national bank at Moorhead, Minn., was entered by a masked man who covered the teller with a revolver and secured $2,600. T wo INDIANS, Kozine and Moneypenmy, were found guilty at Madison, Wis, of the murder of Boneash and his squaw last fall. At Lebanon, Ind., William Ransdell was bitten by a tarantula while handling bananas. In the bunch of bananas a bunch of 200 young tarantulas was found. Ransdell may recover, THE state liquor dispensary of South Carolina has begun business and all saloons would soon be closed. THE Savings bank at Fresno, Cal., and the Bank of Commerce at San Diego, Cal., which suspended recently, have resumed business. ON a bicycle H. H. Wyllie made the 1,000 miles from New York to Chicago in ten days and four hours. BERRY won the cowboy race to CHP began at Chadron, Neb., June 13. making the 1,040 miles in 13,days, 15 hours and 35 minutes-an average of 77 miles daily. Wine attempting to escape from the prison at Folsom, Cal., three convicts were shot dead by guards. AT Edinburg, Ill., G. P. Harrington, bankers failed for $200,000. American exchange bank of Minneapolis, Minn., and the Second national bank of Ashland, Ky., closed their doors. THE failure was reported of the Bedford (Ind.) Stone Quarries company, the largest producers of politic lime stone the world