6933. Osage City Savings Bank (Osage City, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 28, 1881
Location
Osage City, Kansas (38.634, -95.826)

Metadata

Model
gpt-5-mini
Short Digest
78175075

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Nov 28-29, 1881) state the Osage City Savings Bank suspended under the same management as the recently suspended Hunnewell and Caldwell banks (Danford). No article describes a depositor run prior to suspension. The vault was reported in sheriff's possession and empty; no reopening is reported in these items, so classified as suspension leading to closure. Cause tied to complications/closures of other local banks under common management and overtrading by Danford.

Events (1)
1. November 28, 1881 Suspension
Cause
Local Banks
Cause Details
Suspension attributed to complications with other local banks (Hunnewell and Caldwell) under same management (Danford); overtrading and tied-up correspondents/attachments contributed to failure.
Newspaper Excerpt
Osage City, Kansas, Nov. 29.-The Osage City savings bank has suspended, being under the same management as the recently suspended Hunnewell and Caldwell banks.
Source
newspapers

Newspaper Articles (11)
1. November 29, 1881 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, November 29, 1881

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Paris advices state that Firman has accepted the governorship of Algeria on terms which reduce it a mere prefect. Victoria Woodhall has arrived in New York with her daughter, who was falsely reported engaged to Lord Colin Campbell. Osage City, Kansas, Nov. 29.-The Osage City savings bank has suspended, being under the same management as the recently suspended Hunnewell and Caldwell banks. Menssonier, the artist, gave a soiree in Paris in honor of the American photographer who invented the process by which photographs can be taken of animals in the swiftest motion. General Sheridan has written to Miss Clara Barton, American representative of the society of the Red Cross in favor of congressional recognition of the soclety in accordance with the terms of international convention of the leading European powers at Geneva. The chief object of the society is the amelioration of the sufferings of the sick and wounded in armies during war. The Chicago Tribune's editorial says: One of the first duties of congress will be to abolish the Hawaiian reciprocity treaty which has simply been the means of enriching a few planters in the Sandwich Islands and a sugar pool in San Francisco and has cost the government a million a year in revenues. The facts about this outrageous sugar monopoly on the Pacific slope has been repeatedly stated and never denied. The Tribune's Washington special says: The latest place for which Chauncey J. Filley has been mentioned is the land commissionership of the Union Pacific railway. Tilley is here interested in securing a cabinet position, and said upon being inquired of that the talk about the Union Pacific position was news to him. To his intimate friends, however, Filley speaks with great confidence of being made postmaster-general.

2. November 29, 1881 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 29, 1881

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Suspended Saving's Bank. OSAGE CITY, KANSAS, November 28.-The Osage City Saving's Bank suspended today, owing to complications with the Dar. ford banks at Caldwell and Hunnewel which closed last Friday. The Carbondale bank, which is under the same management as those, suspended, but has been reorganized, and will not be affected.

3. November 29, 1881 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, November 29, 1881

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FAILURES. OSAGE CITY, Kan., Nov. 28.-The - Osage savings band suspended to-day, ewing to h the Sanford banks of complications W1. Caldwell and Hun newell, which closed Friday. The Carbona. de bank, under the same management (as the others, has been reorganized and will not be t flected. Ingalls, LYNN, Nov. 28.-Proctor leather dealers, have failed. Liabilities ssets estimatad at $50,000 to $60,000. quite large, principally ssock.

4. November 29, 1881 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 29, 1881

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Domestic. Rondout, N. Y. 28.-John Booth's stone quarry, at Wilbur, caved this morning, killing the foreman, Edward Kearney, and Michael Gilhem, and seriously injuring John Cassidy and Sandy Phalen. Washington, 28.-Caucus of democratic senators will be called for Saturday. Alvin O. Buck has been arrested, charged with conspiracy to defraud government, through the postoffice department. New York, 28.-Schaefer says he will challange Dion for the billiard champion emblem before going to Europe to play Vigneaux. Wallack's new theatre is nearly completed, and will be formally opened, December 12th. Springfield, Mass., 28.-Increasing small pox necessitates a new pest house. Osage City, Ks., -The Osage City bank has suspended, being under the same management as recently suspended the Hunnewel and Caldwell banks. Frankfort, Ky., 28.-The legislature met to-day. Boston, 28.-Langdon W. Moore, who has served six years for burglary, was to-day sentenced to seven years more for burglarizing the Warren Bank, Charlestown in 1879. He is 59.

5. November 30, 1881 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, November 30, 1881

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LATEST BY MAIL. Nov. 28.-There were twenty- week. eight Chicago, deaths from small-pox last Mass., Nov. 28.-Proctor & esti- InLynn, leather, failed. Liabilities galls, mated at $50,000 to $60,000; assets quite large, principally stock. Nov. 28.-It IS said Boyd Line reLondon, row on any river but the fuses Ashland. to Hanlon's representative, negotiainsists and upon the Thames. The tions will be declared off. Rock, Nov. 28-Pat Dolan and Little Morgan, who robbed a registered railJack pouch on the Iron Mountain on letter the 18th inst., were captured road the 25th on and sentenced, one to three years and the other to one year. Nov. 28.-The Grand Army a reChicago, Republic to-night tendered Gen. of the to Commander-in-Chief and ception Merrill of Massachusetts, of BenGeo. Adjutant-General S. Wm. M. Olin tour. ton. who are on an inspection Nov. 28.-A considerable Nation1 Chicago, of delegates to the Irish number convention have arrived, including Ford, al P. O'Connor, Congressman Dr. PepThos. M. C. Murphy and Rev. to-morrow. P, Gen. Mrs. Parnell will arrive 28-The D pers. City, Kansas, Nov. Osage savings bank suspended with yester- the Osage to complications Humeday owing banks at Caldwell and The Caro Danforth which closed on Friday. t well bank, under the same managet ment conate as the others, has been reorganized and will not be affected. e t York, November 2S-Wm. in Gra- the New and Wm. H. Speers bring suit and cios court against Christopher Mechansupreme Nugent, involved in the the reS James bank of Newark failure, for Plainr ics' of $17,771, for money due. dee covery obtained an attatchment against could be fendants, tiff but no property a found. November 2s-Canal officials sud Albany, information indicating the the have closing no of the canals, though Only den is at a freezing point. in o weather three hundred boats are now some canals, about one-eighth of the num- were the ber of last year when the canals c'osed by the ice. d Hartford, November 28-Rev. W. L. of the Pearl street Congregation about it Gage, entered his house whom he t al church, and found a burglar. e clinched. o'clock A struggle ensued, the burglar strugst to use a pistol. The the endeavoring continued in the hall and into and d gle when the burglar was thrown v. street, held down by the muscular clergyman until help arrived. New York, November 27-The prizes were r, recent billiard tournament a Sin the to-day. Schaffer expressed the a presented determination to challenge Dion, before his departure for Enrope will is winner, with Vigneaux. This game January. to play played probably early in Schaffer be On December 29th Sexton and under a six hundred point game the play new rules for $2,500 a side. r, of Chicago, Nov. 28.-Vessel owners have beSgreatly exasperated this ordmance year been of the passage of the closed 0: cause the bridges to remain busiest requiring about three hours of the during of the day, and now have of begun that y. portion proceedings to test the validity bridges. al legislation, and to remove certain high claim the run is a navigable g They way and that the bridges are numerous. of Dardanelle, Ark., Nov. 28.-Another to tragedy occurred here yes- old disgraceful morning. Two years ago an Three terday murdered in the county. one man was arrested and jailed, and crime. men were Holland, confessed the the jail al man, the treachery of one of reof y, Through guards they ceptured escaped. in Holland Tennessee was and cently here at midnight on Saturday. after er brought masked men soon ell Twenty-five into the jail, took the prisoner from ed broke hanged him to the same tree months and which Taylor was swung a few since. Neb. Nov. 28.-Yesterday and Emerson, Section Foremen Pat Kannaly down k, while with their men, were going north of isFligg, from the first summit brake the grade one of the men set the oiEmerson, the hand-car while going at a good on The sudden checking of the car st. rate. Kannaly and Fligg off. They threw on the car in frout, and not front expect- of being were both thrown off in Fligg ing it, which passed clear over the car, half way over Kannaly, stopping with and one wheel resting on his head. from nd four with men on top of it. Aside not in cuts, sprains. etc., they are be out hbrnisee, and in a week or two will Ponca to ng attend the injured men. hurt, again. A doctor WAS sent from

6. December 2, 1881 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, December 2, 1881

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TOO MANY IRONS IN THE FIRE. Danford Could Not Nuccessfully Manage Three Banks. NEW YORK, December 1.-President Danford, of the suspended Kansas banks has had business relations with the Chase National Bank and Donnell, Lawson & Co., bankers of this city for a number of years. The Chase National Bank was the-New York correspondent for two of his banks, the Hunnewell and Caldwell, and Donnell, Lawson & Co., were correspondents for the Osage City Bank. John Thomp. son, of the Chase National, savs that Mr. Danford came to New York about six weeks ago to try to raise Y money. He had a lot of Hunnewell City bonds, which he took to Boston, where he thought they would be saleable, but he failed to make negotiations there, and be has been getting on under whip and spur since. He drew out all the account he had with the Chase Bank, and the latter would not touch the Hunnewell bonds or permit drafts. Mr. Thompson told Danford that three banks were too many for any one man to run. He said that Mr. Danford's reputation was very fair, and that when he ran one bank he did it admirably and made money. He regarded Mr. Danford as a smart, keen man, and was very sorry he had got into trouble. At the office of Donnell, Lawson & Co., it is said they had $15,000 in Hun. newell City bonds hypothecated with them for advances of about $5,000 to the Osage City Bank, which were probably worth from $12,000 to $13,000. Mr. Danford had come well recommended when he opened the account and his reputation was good. The probable cause of his trouble was overtrading. He had loaned out too much money and the crops were short.

7. December 3, 1881 The Sentinel Trenton, NJ
Article from The Sentinel, December 3, 1881

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South and West. FOUR murderers were hanged the other day in different parts of the South, as follows Henry Johnson, a mulatto, at Sumter Court House, S. C., for the murder of John Davis, a negro; Richard James (colored), at Marvin Court House, S. C., for murdering James Harrell, a prominent citizen Sang Armor, also colored, at Crawfordsville, Ga., for the murder of Amos Ellington, an aged white man, and Jogeph Harris, at Rogersville, Tenn., for the murder of two men. A CLEVELAND (Ohio) dispatch says that Mrs. Garfield has placed the literary estate of the late President in the hands of Colonel A. F. Rockwell, United States army, who is charged, under her direction, with its care, preservation and disposition. Mrs. Garfield receives from thirty to sixty letters a day from all parts of the country in which requests from all sorts of people for money are made. HENRY LADD, of Oil Trough, Ark., wound up a dispute with his wife about a passage in the Bible by shooting her, inflicting a mortal wound. A MORTGAGE for $18,000,000, the largest mortgage ever made in Ohio, was filed the other day in Cincinnati by a railroad company. AT Waterloo, Iowa, Mrs. Miller killed two of her children, one an infant of three months and the other five years old. The woman had been made insane by her husband's death a fortnight previous. THE business part of Koscuisko, Miss., has been burned down. FOUR men in a wagon passed through Aberdeen, M.S., sta ing that they were from a point near the Alabama line and oing to Arkansas. They encamped three miles west of Aberdeen, and next evening some persons passing by found them ly:n dead on mattresses, covered with quilts, each with his head split open as though with an ax. A BOILER in James Henry's shingle mill, Grand Rapids, Mich., exploded, killing the engineer and another.man The mill was destroyed, and a residence adjoining badly shattered. THE Osage City (Kansas) savings bank has suspended. The Danford bank at Hunnewell, Kansas, has also suspended. CRAIG JORDAN and Parker Jordan (colored) were lunched in Leflore county, Miss., for the assassination of Robert Calina, a white man, and James Holland met a similar fate at Dardanelte, Ark., for a murder committed two years ago. TWENTY-TWO States were represented at the National Butter, Cheese and Egg convention, held in Cedar Rapids, Iowa. MORE than fifty buildings, comprising the business portion of Augusta, Ark., were destroyed by fire, entailing an estimated total loss of $200,000. THE cashier, president and directors of the broken Citizens' bank of Fulton county, Ga., have been indicted.

8. December 3, 1881 The Examiner Hartford, CT
Article from The Examiner, December 3, 1881

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South and West. FOUR murderers were hanged the other day in different parts of the South, as follows Henry Johnson, a mulatto, at Sumter Court House, S. C., for the murder of John Davis, a negro; Richard James (colored), at Marvin Court House, S. C., for murdering James Harrell, a prominent citizen; Sang Armor, also colored, at Crawfordsville, Ga., for the murder of Amos Ellington, an aged white man, and Joseph Harris, at Rogersville, Tenn., for the murder of two men. A CLEVELAND (Ohio) dispatch says that Mrs. Garfield has placed the literary estate of the late President in the hands of Colonel A. F. Rockwell, United States army, who is charged, under her direction, with its care, preservation and disposition. Mrs. Garfield receives from thirty to sixty letters a day from all parts of the country in which requests from all sorts of people for money are made. HENRY LADD, of Oil Trough, Ark., wound up a dispute with his wife about a passage in the Bible by shooting her, inflicting a mortal wound. A MORTGAGE for $18,000,000, the largest mortgage ever made in Ohio, was filed the other day in Cincinnati by a railroad company. AT Waterloo, Iowa, Mrs. Miller killed two of her children, one an infant of three months and the other five years old. The woman had been made insane by her husband's death a fortnight previous. THE business part of Koscuisko, Miss., has been burned down. FOUR men in a wagon passed through Aberdeen, Miss., sta ing that they were from a point near the Alabama line and going to Arkansas. They encamped three miles west of Aberdeen, and next evening some persons passing by found them lynn dead on mattresses, covered with quilts, each with his head split open as though with an ax. A BOILER in James Henry's shingle mill, Grand Rapids, Mich., exploded, killing the engineer and another man. The mill was destroyed, and a residence adjoining badly shattered. THE Osage City (Kansas) savings bank has suspended. The Danford bank at Hunnewell, Kausas, has also suspended. CRAIG JORDAN and Parker Jordan (colored) were nched in Leflore county, Miss., for the assassination of Robert Calina, a white man, and James Holland met a similar fate at Dardanelte, Ark., for a murder committed two years ago. TWENTY-TWO States were represented at the National Butter, Cheese and Egg convention, held is Cedar Rapids, Iowa. MORE than fifty buildings, compri-ing the business portion of Augusta, Ark., were destroyed by fire, entailing an estimated total loss of $200,000. THE cashier, president and directors of the broken Citizens' bank of Fulton county, Ga., have been indicted.

9. December 8, 1881 The Elk County Advocate Ridgway, PA
Article from The Elk County Advocate, December 8, 1881

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South and West. FOUR men in a wagon passed through Aberdeen, Miss., staring that they were from a point near the Alabama line and going to Arkansas. They encamped three miles west of Aberdeen, and next evening some persons passing by found them lying dead on mattresses, covered with quilts, each with his head split open as though with an ax. A BOILER in James Henry's shingle Mill, Grand Rapids, Mich., exploded, killing the ongineer and another man. The mill was doatroyed, and a residence adjoining badly shattered. THE Osage City (Kansas) savings bank has suspended. The Danford bank at Hunnewell, Kansas, has also suspended. CRAIG JORDAN and Parker Jordan (colored) were linched in Leflore county, Miss., for the assassination of Robert Calina, a white man, and James Holland met a similar fate at DarJanelte, Ark., for a murder committed two years ago. TWENTY-TWO States were represented at the National Butter, Cheese and Egg convention, beld is Cedar Rapids, Iowa. MORE than fifty buildings, compri ing the business portion of Augasta, Ark., were destroyed by fire, entailing an estimated total loss of $200,000. THE cashier, president and directors of the roken Citizens' bank of Falton county, Ga. have been indicted. AT the National Dairymen's convention, in Ceday Rapi Is, Iowa, the manufacture of oleomargarine and other adulterations in dairy products was denounced. DELEGATES from all parts of the United States and Canada were present at the Iriel national convention held in Chicago. The convention adopted resolutions favoring full support by all the Irigh societies of this country of the land league in Ireland. Two colored men in jail at Oxford, I.C., or charge of murder were taken away by a body of masked men and hanged; and on the same day at Yazoo City, Miss., two colored men who confessed to having murdered three men were lynched. PRESIDENT D. O. EELs, of the Cleveland (Ohio) Commercial National bank, was sitting in his office, cutting coupons from some bonds, and at the same time talking to a friend, when an unknown man who had entered the office quietly walked off with a box containing $117,000 in negotiable bonds. The box was not miesed for nearly half an hour. HARRY WESTON, foreman of the Gold Park Mining company, Leadville, Col., was shot and killed by Bagley, a discharged blacksmith. Bagley fortified himself in his cabin, which was surrounded by a crowd and besieged for eight hours. Finally a large quantity of giant powder was placed near the door and ignited. The explosion following tore the cabin to pieces and Bagley was found with a bullet-hole through his heart, having evidently committed suicide. JOHN TAYLOR, head of the Mormon church at Salt Lake City, Utah, has just taken to himself another wife, a wealthy widow. FIRE and an explosion at Minneapolis, Minn., caused the death of three firemen and a citizen and the destruction of a cotton mill and four flouring mills. The pecuniary loss is about $570,000.

10. December 15, 1881 The Emporia Weekly News Emporia, KS
Article from The Emporia Weekly News, December 15, 1881

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A LITTLE MIXED. The Condition of Danford's Affairs at Osage City. The following in relation to the Danford matter is copied from the Topeka papers of Friday. Commonweaith: It is charged here, and we presume the records will show it, that Danford was quite an inventive genius. For instance, a tax title lot in some sub division of an addition to Osage City figures very conspicuously. The record of title runs as follows: "Osage county to Osage City savings bank. Consideration, $1. Osage City savings bank to J. S. Danford. Consideration, $1. J. S. Danford to John Smith. Consideration, $1. John Smith to Sam Brown. Consideration, $2,000." The lot being mortgaged back for, say, $1,500. It is said that property valued at a few hundred dollars represents over $30,000 in this way. No statement of the condition of the Osage City bank has yet put in an appearance, Danford being still indisposed. Capital: Mr. C.S. Martin, of Osage City, attorney for some of the depositors of the Danford bank, of that place, was in the city yesterday on business connected with the state supremecourt, and was seen at the Fifth Avenue hotel last night by a Capital representative. Mr. Martin was free to talk in regard to the situation of affairs at Osage City and gave a great deal of information regarding things as they are at present down there. He says DANFORD ARRIVED AT OSAGE CITY from Caldwell early last Tuesday morning and since that time has been confined to his bed at his residence, being completely prostrated physically by the experience he has passed through during the ever to be remembered week at Caldwell. His illness is nothing, however, from which any serious consequences need be feared, and he will be all right within a day or two, when, it is hoped, he will be enabled to do some. thing toward straightening up the affairs of his bank, which. to say the least, are in a condition anything but pleasant to those who have their money there. Mr. Martin says the bank is now in the possession of the sheriff, who has had it under his control since the time it closed its doors, during which period THE VAULT HAS REMAINED CLOSED. When it was suggested that the vault be forced, to ascertain what amount of money was locked up there, the cashier assured the officer that it did not contain a cent of cash, which fact is looked upon as little short of startling when it is considered that the bank received deposits up to the very hour of closing. There ought to have been some cash in the bank, the people at Osage City think, and that there fails to be any is not parto ticularly relished by them. Suffice it say, according to the understanding the depositors have, it is queer that the vault should be empty, but, as Mr. Martin says, there are many things about the bank yet to be found out. "What 18 the feeling at Osage City, Mr. Martin, regarding the closing of the bank." asked the Capital man. "Well, there are a good many who look upon the thing as a steal, but of course it depends a good deal upon how things turn oat. If the depositors get their money, they'll feel better about it." "Will they get their money? "That depends-" "Depends upon what "On the way the assets show up." "What are the assets and liabilities as far as known?" "The liabilities are not all known, but they are in the neighborhood of $60,000, if not more."

11. February 9, 1882 The Emporia Weekly News Emporia, KS
Article from The Emporia Weekly News, February 9, 1882

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. A Point for Danford. $ WICHITA, Kas, Feb. 3.-Danford, the $ Kansas banker, who was so long corralled at Caldwell by his enraged creditors and threatened with hanging, has just scored quite an important point in the courts. Yesterday in the Cowley county district court, before Judge Torrence, his counsel moved to discharge certain attachments laid by his Kansas City creditors. The court granted the motion and the attachments were dis. charged. Danford's counsel now say that he will bring suits upon the attach ment bonds for damages against the Kansas City creditors Danford claims that it was their attachment that caused the run upon his Osage City bank, and also upon his Hunnewell bank. and that these creditors tied up something like $130,000 to secure a claim of $8,000, and that they persistently stood in the way of all settlement, although some $20,000 worth of securities were placed in their hands. Mr. Danford, in Kansas courts, bids fair to rival Mrs. Gaines. He has already brought suits for damages against the chief men of the Caldwell mob, claming $100,000. He will now make-it tively for the Kansas City boys He lis out of business, and having exhausted his resources in Kansas he will now give Missouri is whirl.