State Bank - Phillipsburg, KS

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: July 23, 1891
Location: Phillipsburg, Kansas (39.756, -99.324)

Metadata

Model: gpt-5-mini
Short Digest: b2558743

Response Measures

Borrowed from banks or large institutions

Description

Newspaper (Phillipsburg Herald, 1891-07-23) reports the county demanded $11,000 on deposit; the bank could not pay on demand but arranged with a St. Joseph bank (with citizen aid) to obtain the funds, paid the county and has paid off its depositors. No suspension/closure or receivership is mentioned. This appears to be a liquidity-driven run/demand that was met by borrowing — classify as run_only.

Events (1)

1. July 23, 1891 Run

Cause: Bank Specific Adverse Info
Cause Details: Large deposit withdrawal/demand by the county (≈$11,000) that the bank could not meet on hand, indicating liquidity problems; required arranging funds from a St. Joseph bank.
Measures: Arranged borrowing from a St. Joseph bank (with aid of local citizens) to obtain funds; paid the county and paid off depositors; collecting on notes.
Newspaper Excerpt: Last Thursday the county demanded its money on deposit in the State Bank of which Mr. Handy is president, some $11,000.00, this amount the bank was unable to pay on demand, but arranged with a St. Joseph bank through the aid of several of our citizens for the money, which was paid to the county treasurer on Friday. The Bank has paid off its depositors, and is collecting moneys due it on notes.
Source: newspapers

Newspaper Articles (1)

1. July 23, 1891 Phillipsburg Herald Phillipsburg, KS

Article from Phillipsburg Herald, July 23, 1891

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Article Text

for thirty rails lengths. -The W. C. T. U. will meet at the Presbyterian Church next Monday eve at S o'clock, every lady interested in temperance work is invited to be MRS. L. CONN, Sec. present. -The station atiBig Bend, Philips county, after being closed over a year will again be opened. A grain and stock dealer will locate there, and a large hotel is being erected.-Champion. -0. L. Smith has added one of the latest editions of Websters Dictionary, and a full set of Encyclopedia Brittanica. These volumes will be of immense benefit to the teachers of the county. -A W. C. T. U. has been organized in this place, with Mrs. Cocks president, Mrs. Albaugh, vice president, Mrs. Lowe, Cor. secretary; Mrs. Conn. Rec. secretary, and Mrs. Geo. Spaulding treasurer. -Last Tusday evening, Miss Maude Spaulding was favored with a call from a number of her young friends, who spent a very pleasant evening. The visitors presented Miss Maude with several very beautiful gifts. -There will be a Union Temperance Service held at the Methodist Church next Sabbath morning under the auspices of the W. C. T. U., commencing at 11 o'clock A. M. Everybody is heartily invited to be present. -The second game of ball between Smith Centre and Phillipsburg, played at the former place Friday last resulted in a victory for our boys, by a score of seven to five. The game was an exceedingly interesting one, and was attended by a large crowd from this place. -Harry Seaman has been assigned duty in the mail service on the Rock Island between Belleville and Phillipsburg. Harry is a graduate of the Gaylord postoffice, and is competent for any place in the service from postmaster general down.-Gaylord Herald. --No services in the Baptist Church next Sunday morning in consequence of the Union Temperance meeting to be held in the M. E. church. But in the evening will be the regular service commencing at 8 o'clock. This being the farewell service of the pastor before leaving the city, all are cordially invited to attend. --Last Thursday the county demanded its money on deposit in the State Bank of which Mr. Handy is president, some $11,000.00, this amount the bank was unable to pay on demand, but arranged with a St. Joseph bank through the aid of several of our citizens for the money, which was paid to the county treasurer on Friday. The Bank has paid off its depositors, and is collecting moneys due it on notes. The future of the bank is uncertain as the present stockholders hardly know as yet what to do. -The daily papers announce the failure of the Howell Lumber Company. There are a great many people all over Northwest Kansas who will not feel particularly sorry for the Howell Lumber Co. Sharp practice may succeed for a time, but retribution usually overtakes the individual or corporation that places trust in dishonesty. There is a God in Isreal.Gaylord Herald. The people up this way have no cause for rejoicing over the failure of Howells', as its effects are far reaching, and will be felt in this country for some time. The HERALD is very much pleased that the "jubilation" comes from a republican organ rather than from an Alliance paper. -The Kirwin Independent of last week contained quite a long article upon the present prospects of its home town. The article is a good one with the exception of that portion referring to Phillipsburg. Years ago during the county seat fight, hatreds were engendered between the then residents of the two towns; since that time almost an entire change has OCcured in the personal of their citizens. New men have come in who care nothing for the old fight, but who accept things as they find them, and who are only anxious to build up the town of their choice, regardless of old feuds. So we say let the old fight stay burried, and all work together to make our county the best one in northwest Kansas. -The Farmer does not wish to int dulge in any weird imaginations or wild predictions, but it means to sug-