6961. Pittsburg State Bank (Pittsburg, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 25, 1927
Location
Pittsburg, Kansas (37.411, -94.705)

Metadata

Model
gpt-5-mini
Short Digest
702b9328

Response Measures

None

Description

Articles report the Miller chain banks were closed by the state banking department in late February 1927 and receivers were appointed March 7, 1927. No run is described; the bank was closed by government action and a receiver appointed, implying permanent closure.

Events (2)

1. February 25, 1927 Suspension
Cause
Government Action
Cause Details
Closed by the state banking department as part of closures of the Miller chain of banks (state action).
Newspaper Excerpt
closed ten days ago by the state banking department
Source
newspapers
2. March 7, 1927 Receivership
Newspaper Excerpt
George L. Stevenson, Pittsburg lawyer, was appointed receiver for the Pittsburg State bank, the First State bank of Cherokee and the Farmers' State bank of Opolis.
Source
newspapers

Newspaper Articles (3)

Article from Carthage Evening Press, March 7, 1927

Click image to open full size in new tab

Article Text

BANK RECEIVERS ANNOUNCED Three to Handle Affairs of Closed Miller Chain Pittsburg, Kans., March 7. Appointment of two receivers for six of the Miller banks, closed ten days ago by the state banking department, was announced by Roy Bone, state bank commissioner. James T. Fowler, cashier of the Home bank of Arcadia, was named receiver for the Miners' State bank of Mulberry, the Commercial State bank of Arma and the Farmers' State bank of Englevale. George L. Stevenson, Pittsburg lawyer, was appointed receiver for the Pittsburg State bank, the First State bank of Cherokee and the Farmers' State bank of Opolis. Appointment of Fred Bayless, Fort Scott lawyer, as receiver for the Midwest State bank at Fort Scott, was announced Saturday. The seven banks comprised a chain established several years ago by Jonathan G. Miller, Mulberry capitalist, and several associates.


Article from The Emporia Gazette, March 7, 1927

Click image to open full size in new tab

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

Click image to open full size in new tab

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