First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3855
Charter Number: 3855
Start Date: October 1, 1905*
Location: Sedan, Kansas (37.127, -96.187)

Metadata

Model: gpt-5-mini
Short Digest: 28a62c25

Response Measures

None

Description

Articles consistently refer to James T. Bradley as the receiver of the First National Bank (Sedan, KS) and discuss winding up of the bank's affairs and assets (doubtful/Devlin paper). There is no mention of a depositor run; the bank is in receivership (closure). Dates from newspapers range 1905–1907; receiver is explicitly mentioned by Oct 15, 1905.

Events (3)

1. March 12, 1888 Chartered

Source: historical_nic

2. October 1, 1905* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had doubtful and worthless assets (Devlin's paper) that impaired solvency; winding up being carried out by receiver.
Newspaper Excerpt: There is nothing new to give out regarding the assets or liabilities of the bank's affairs... Those statements of doubtful and worthless assets are just the same now as in the first instance.
Source: newspapers

3. October 15, 1905 Receivership

Newspaper Excerpt: James T. Bradley, receiver of the First National bank, has returned from his home in Sedan after an absence of a week. He denied that he had made a trip to Washington, D. C., as was rumored... We can't advance any faster than we are advancing and I am acting under the orders of the United States court.
Source: newspapers

Newspaper Articles (6)

1. October 15, 1905 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, October 15, 1905

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BRADLEY IS BACK. Says Curtis Will Fail to Get Information About Bank. James T. Bradley, receiver of the First National bank, has returned fróm his home in Sedan after an absence of a week. He denied that he had made a trip to Washington, D. C., as was rumored, but stated that he had been confined to his home in Sedan on account of illness. Bradley does not believe that Congressman Curtis will be able to make any headway as regarding the issuance of further information than that which has already been given out with reference to the condition of the bank's affairs. "When it is explained to him there, Mr. Curtis will readily perceive the situation of affairs and realize that as much dispatch is being used to wind up affairs as is possible," said the receiver. "There is nothing new to give out regarding the assets or liabilities of the bank. I don't see why there is this continual talk of wanting to find out. There is nothing. I haven't had any additional information which would change in the slightest the valuation which was placed in the first instance on the doubtful paper of Devlin's, which was listed as part of the assets. Those statements of doubtful and worthless assets are just the same now as in the first instance. "We can't advance any faster than we are advancing and I am acting under the orders of the United States court. I am powerless to bring things to a faster elimax; it is possible that we might retard them a- little, but it is certainly true that things are going ahead as fast as circumstances will permit. "I think that I will be able to give out some information regarding a dividend about the first of the month."

2. March 7, 1906 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, March 7, 1906

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LOCAL MENTION. A Republican meeting will be held at Harrison's hall in Oakland this evening. Mrs. M. D. Bush, assistant city clerk, is very ill at her home, 500 Fillmore street. A political meeting in which personalities were freely bantered around was held in Jordan's hall in Tennesseetown last evening. About two hundred were there to listen to the remarks of the county candidates for office or their representatives. These speeches became so personal at times that it was feared it would result in some personal violence. Among those who made speeches were Paul Jones, P. H. Forbes, Judge Z. T. Hazen, John Brown, County Attorney Otis Hungate and R. F. Hayden, probate judge. The American Fire Engine company was this morning awarded the contract for building the new combination hose and chemical engine for fire station number 5. James T. Bradley, receiver of the First National bank, returned today from his home at Sedan. Mr. Bradley has been in Washington, D. C., consulting with the comptroller of the currency concerning the affairs of the bank. Goldenrod club No. 2 met with Mrs. Ida M. Jordan, 903 Western avenue north, Thursday evening and was royally entertained. Mrs. Jordan read an able paper; subject, "Protect Our Country and Community."

3. September 25, 1906 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, September 25, 1906

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will be three shows for one admission -fifty cents. B. F. Pankey, president of the Independent Telephone company returned from a ten days vacation spent in Colorado this morning. "Buddy" Burson, who claims the 105 pound championship of Kansas City, Mo., is in the city and is making an effort to get on a go with Willie Wolff. The fire of yesterday furnished a grand opportunity for the "buttinskis" to get in their fine work and not a one in town failed to take advantage of it. Congressman Charles Curtis is makalterations on a business building owned ing by him at 117 West Fifth street. The improvements will cost $500. The room in the rear of George Burghart's cigar store is being rebuilt and will be occupied by J. E. Rodman with a florist stock as soon as completed. The federal building is partially deserted now. A number of the court officers are in attendance at the session of the United States district court at Wichita, The first real circus of the season is billed for tomorrow and the youngsters of the city have already selected their to points of advantage from which view the parade. The superstitious idiot has suggested that the reason for the great loss at the Crawford opera house fire yesterday was because thirteen streams of water were used. George Clark, the former famous player of the 1900 football team at Washburn, has re-entered school and is now awaiting the arrival of a suit which will fit him. Now that the baseball season is over in Hutchinson, J. K. Codding and John W. Dawson are getting into the public eye at that place by their efforts to drive out the joints. The force in the county clerk's office is complaining that there is scarcely any demand for hunter's licenses, as less than two hundred have been issued so far this season. James T. Bradley, receiver of the First National bank who has been at Sedan, Kan., will return to Topeka Thursday. The payment of a dividend will follow soon after. The Little Topeka Giants defeated the Oskaloosa team on Saturday by a score of 9 to 8. The batteries were Miller, Parker and Bledsoe for Topeka and Lewis and Smith for Oskaloosa. fire yesterday developed a great The who were many embryo fire chiefs ready with directions and advice. Funny how much talent lies around undiscovered and unappreciated. The Moffitt Furniture company have opened temporary quarters at 625 Kansas avenue where they will look after the interest of their trade until permanent quarters can be secured. Some of the women of the city are talking of getting up a fine supper for the members of the fire department to show their appreciation for the fine work accomplished at the Crawford opera house blaze. When it is considered that about 500,000 gallons of water were poured into the Crawford building for over two hours yesterday, there is no wonder at the damage wrought by water in the stores below. The driver of one of the wagons hauling hot asphalt for the Kansas avenue paving drove directly in front of a south bound North Topeka street car this morning near Eighth avenue and wrecked the fender of the car. The gas company are making excavations on Washburn campus and will pipe their product into the buildings of the college. This will do away with the necessity of the students wearing their overcoats in the class room. Two cases of diphtheria were reported to the city health authorities yesterday: Inez Fay at 317 Liberty street, and John Riggenberg at 702 Chandler street, which makes a total of eighteen cases reported so far this month, seven of them being in quarantine. A Topeka newspaper reporter appeared at the fire yesterday in fireman's garb. He left his own clothes the roof of an adjoining building and on when he was ready to forsake his fire equipment for his citizen garb his coat and vest had disappeared. It is said that an unusually popular saleslady has announced to her

4. January 17, 1907 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, January 17, 1907

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LOCAL MENTION. Miss Mabel Hickox of 720 Chandler street, who has been an employe at Christ hopital for three years, was operated on at the hospital Saturday night. She is recovering rapidly. Misses Mamie and Hazel McInnes and Miss Millie Smith of Allen, Kansas, are visiting their aunt, Mrs. J. P. Kelly, at 515 Madison street. James T. Bradley, receiver of the First National bank, returned today from Sedan, Kan. The street commissioner might get a gang of men out and clean out the gutters that are clogged up with snow. On Jackson street and on portions of Kansas avenue the snow is melting fast and the snow is piled up so next to the curbing that it is impossible for the water to drain. John Ritchie. of Hanley & Ritchie, sewer contractors, are bidding on a $318,000 sewer contract at Wichita which amounts to 38 miles. Ritchie left for Wichita today. The contract calls for a certified check of $17,000 from each bidder.

5. February 23, 1907 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, February 23, 1907

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office of the commissioner of elections was open all day and a large number of voters registered. Among the many features planned for the chicken show next week, it has been arranged so that those who attend will be entitled to participate in a straw vote for mayor. L. D. Whittemore, superintendent of the city schools, left for Chicago Friday where he will attend a meeting of the national association of superintendents of city schools next week. Solicitors are at work in the city on the new directory which will be issued early this spring. Commencing in the western portion of the city they are making a house to house canvass eastward. B. L. Winchell, president of the Chicago, Rock Island & Pacific railway, passed through Topeka today en route to the lines of the company in Oklahoma and Indian territory on a trip of inspection. Owing to yesterday being a legal holiday the banks were closed. This morning upon reopening they were kept unusuall busy from nine o'clock until noon, the usual time for closing on Saturday. Washington's birthday was appropriately celebrated by exercises held at the Y. M. C. A. last evening. The entertainment consisted of statuary exhibits and moving pictures as well as a musical and literary program. A. A. Robinson, formerly president of the Mexican Central railroad, was a personal friend of E. E. Styner, the general manager of the road, who is not expected to live owing to wounds inflicted by himself with a knife. According to the books in the office of the commissioner of elections there are less than 9,000 citizens of Topeka eligible to vote at the election which is to be held on the 13th of next month, and there is barely two weeks left in which to register. The new suite of offices on the first floor of the Santa Fe general office building that are to be occupied by the law department are about ready for use. The passenger office will use the rooms vacated on the third floor by the legal department. James T. Bradley, receiver for the First National bank property, left for his home in Sedan Wednesday evening ill with a severe cold and as he has not been heard from since his office force are fearful that his illness has proven of a more serious nature than was contemplated. Captain George Gurtler of number five fire station, who was recently promoted to that position from a lieutenancy at number 1 station, has resigned and engaged in architectural work for which he has been fitting himself for several years. No appointment to fill the vacancy so created has yet been made. At the annual meeting of the Swedish-American National league held at the First Swedish church last night the following officers were elected for the ensuing year: President. C. D. Danielson: vice president, Rev. A. Sjolander; secretary, John Lungstrom; 1 treasurer, A. Berg, these officers to constitute the executive committee. J. S. Morse, a contractor living at 215 West Gordon street, is seriously 1 ill from blood poison, resulting from a slight accident to one of his legs. He stepped on some loose boards while working about a building in course of construction and a slight abrasion of the skin resulted which afterwards became infected and serious doubts are 1 entertained as to his condition.

6. August 15, 1907 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, August 15, 1907

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SNAP SHOTS< Mr. and Mrs. H. A. Stevens of 311 Madison street are the parents of a girl. George Luscomb, driver at No. 5 fire station, will leave this evening for Colorado where he will manage a ranch. Dr. C. A. Maguire is somewhat like Mark Twain. He says the report that he is away on a vacation is grossly exaggerated. W. C. Ralston, assistant city attorney will leave soon to spend two weeks in Coffey county where his old home is located. It tried awfully hard to rain during the early hours of this morning but the only results were two or three imitation sunshowers. The string of reverses which have greeted the White Sox for the past few days was broken yesterday by taking a game from the Leavenworth tailenders. The slight showers of rain this morning cooled off the atmosphere considerably and made the temperature today much lower and more enjoyable than yesterday. One of the local telegraphers on strike, who claims to be something of a humorist, says he is going to try for a place as lineman with a wireless telegraph company. A petition which was circulated in the Santa Fe offices asking for the calling of a special election to vote on the commission system of government secured 251 signers. W. H. Gilfillan will probably permanently retain his position as food inspector; J. Q. A. Peyton, who was appointed to the position by Mayor Green has never qualified for the place. "The worst part about being mayor is this making of addresses,' said Mayor Green yesterday with words that carried conviction. "I can never get accustomed to making an address." Local epicures are now awaiting the ripening of the hazelnut crop. The hazelnut bushes in this vicinity promise the largest crop in several years as the bushes are laden with the choice nuts. The following building permits have been issued: W. S. Sanders, 1400 West street, dwelling $1,500; Charles E. Darby, dwelling, $1,500, 915 East Eighth avenue; L. H. Hodge, 1618 Tyler street, dwelling, $2,300. It will be a nice thing to have a board floor and real carpet in the district court room, but the hammering incident to the laying of this floor is not conducive to improving the tempers of those forced to work in the office of the court house on the floor below. James T. Bradley, receiver of the First National bank, whose home is at Sedan has an incipient boom for governor upon his hands. Mr. Bradley has a large speaking acquaintance among business men and Republicans in the state. Everyone who passes that way has a word of commendation for the Corinthian pillars that are to be a part of the front of the new building being erected on West Sixth avenue by the Shawnee Building and Loan association. It is too bad the building couldn't be made two or three stories high. The new addition which is being constructed in the area way of the city hall to house the waterworks department employes is ready for the carpenters to work upon the interior. The offices are now located on the second floor of the city building. The drummer in the Knights and Ladies of Security band last night settled a long standing dispute as to why there is so much competition for the job of drummer in a band. The gentleman in question was found smoking while playing, while his less unfortunate brothers had to watch him with envious eyes. Uneasy street is pretty well populated these days and the rank and file of the population consists of the druggists of the city. They are anxiously waiting for some move that J. J. Schenck, the county attorney may make as a result of the information he obtained at the recent inquisition into their affairs which was held by him. Indications are that the racing meet to be held at the fair grounds, beginning September 10, will be better than that most successful one which was held last year. This means a great treat for the lovers of horseflesh in these parts as the meet last year was the best one ever held in Kansas. Cottonwood trees suitable to be made into lumber are getting scarce and cottonwood lumber which is used for box material is commanding a good price. Owners of some of the sandy land along the banks of the Kaw on which nothing can be raised might make it profitable to raise cottonwood trees. Councilman Montgomery will introduce a resolution in the city council Monday requesting the county authorities to give a detailed statement of the taxes collected each year belonging to the city, the amount of delinquent tax, etc. At present the city receives no detailed statement. A new set of books will be opened by C. B. Burge, city clerk, which will provide for these tax statements.