7028. Exchange Bank (Stockton, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 27, 1899
Location
Stockton, Kansas (39.438, -99.265)

Metadata

Model
gpt-5-mini
Short Digest
4cebbca9

Response Measures

None

Description

The Exchange Bank in Stockton notified the bank commissioner that it had gone into voluntary liquidation / decided to quit. Articles state loans were collected, depositors paid in full, and stockholders paid with 30% profit. This is a voluntary suspension leading to closure, not a run.

Events (1)

1. October 27, 1899 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank owners decided to quit banking and went into voluntary liquidation; collected loans and paid depositors and stockholders in full (30% profit).
Newspaper Excerpt
Too Much Idle Money. The Exchange bank, of Stockto notified the bank commissioner that had gone into voluntary liquidatio The owners claim that banking is n profitable. ...
Source
newspapers

Newspaper Articles (3)

Article from Barton County Democrat, October 27, 1899

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Article Text

RECENT DATE. Danger to Local Banks. At the annual meeting of the Kansa Bankers' association at Fort Scott la week alarm was expressed at tl branch banking scheme as proposed b some of the eastern bankers. It wa declared to be an effort to supplant th local banks and control the bankin business of the country. Presider Sawyer, in his annual address, declare that bankers pay more taxes in propo tion to their property than any other class of taxpayers. Secretary Harp reported an association membership 183, which shows an increase of 61 i the past year. Resolutions were adop in favor of the abolition of "days grace" of all commercial paper. Th bankers also placed themselves on re as opposing the establishment o postal savings banks. Rebekahs Meet at Wichita. The twelfth annual Rebekah assen bly of Kansas convened at Wichita la week. It was one of the largest eve held in Kansas, 286 lodges being repr sented, with a membership of 13,67 showing an increase of 1,936 member in the past year. The officers for th following year are: President, Mrs. Mary E. King, Burlingam vice president, Miss Katie Watkins, Lawrenc warden, Mrs. Mary E. Needem, Clifton. TI appointed officers are: Chaplain, Mrs. Sara M. Hanna, Kansas City; marshal, Miss Matt Jones, Mound City; conductor, Mrs. Sad Brown, Kingman; inside guardian. Miss Kit Squires, Galena; outside guardian, Mrs. Ef Shriver, Harper. And They Were Married. While Howard M. Koontz, of tl Twenty-first Kansas, was stationed Chickamauga camp last summer 1 was taken ill with fever. Miss Bert Greer, who was a member of the Girl Relief society, of Chattanooga, waite on him and they fell in love. Recent Koontz was appointed a lieutenant the Fourty-fourth regiment at Fo Leavenworth. The regiment has bee ordered to Manila, and Miss Gre recently journeyed from Chattanoog to Fort Leavenworth and the coup was married. Mrs. Koontz will go Manila with her husband. Trial Conducted by Telephone. A novel proceeding in a justice court was held in Chapman. The d fendant was wanted for assault an escaped before the warrant was serve He secured Senator Hessin, of Manha tan, to defend him. Hessin called 1 the county attorney at Abilene and tl justice at Chapman, pleaded guilty f the defendant, heard the fine assesse and sent the fine and costs by the ne: mail and the case was ended. It Wants Financial Aid. The College of Emporia is in deb and a mass meeting of the citizens wa called to consider ways and means help the college out. The sum of $5,00 is to be raised by the citizens on or b fore January 1 and deposited in th bank, with the understanding that the synod does not raise the remainin $13,000 by May 1 each subscriber sha have the right to withdraw his mone from the bank. Abandoned His March. Carl Brown, who led Coxey's arm to Washington, and who arrived Wichita from Denver on his secor march, declared his march off. E notified his men he would go I further. Brown is the son-in-law Gen. Coxey, and ever since the mar of the industrial army to the nation capital he has been planning anoth march, which was to have startled tl world. Souvenirs and Medals for Soldiers. Among the souvenirs being prepar for the Twentieth Kansas voluntee upon their arrival home is a letter fro the Kansas G. A. R. department co taining the greeting from the soldie of the civil war to those of the Spanis American war. The G. A. R. depar ment also proposes to have enoug medals made out of a captured canno to supply each volunteer with one. An Agent Brought to Grief. R. S. Witter, traveling agent for Sabetha nurseryman, was arrested f a unique swindle. He kept sending big orders and drew his 15 per cen commission promptly. In due tim however, the nurseryman began to r ceive notices from railroad agents th the nursery stock shipped out was u touched, and an investigation show that Witter's orders were bogus. Too Much Idle Money. The Exchange bank, of Stockto notified the bank commissioner that had gone into voluntary liquidatio The owners claim that banking is n profitable. There is little demand f loans, and idle money by the million is lying in the bank vaults. In tl meantime the fixed charges of tl banks, such as rent, clerk hire and i surance continue just as usual. Kansas Apples for Paris. Secretary Barnes, of the Kansas Ho ticultural society, is collecting appl of the finest to


Article from The Globe-Republican, December 7, 1899

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Article Text

KANSAS ITEMS OF INTEREST. Wheat in Dickinson county is reported in fine condition, completely covering the ground. The monthly payroll of the Santa Fe at Ottawa lacks but little of reaching the $15,000 mark. The Santa Fe railway pays about $26,000 taxes on its Shawnee county property every year. There are only two families in Johnson City, the county clerk, who is postmaster, and county treasurer. Henry Van Lewen is called the cheese king of Atchison county. He has a number of cheese factories. Colonel Edward C. Little of Abilene and Miss Edna Steele were married in the chapel of Bethany College, Topeka. The Christian denomination has about completed their church at Randall at an expense to build and furnish it of about $2,500. Wm. Bazman, a merchant of Kansas City, Kas., was forced into bankruptcy by his creditors and within three weeks paid off every obligation in full. There are several Mormon elders in Kansas preaching. They are in the state most of the time. They must get converts or they would not stay. An attempt will be made to secure a pardon for Harry Mason, the Marion banker, who, after having been sentenced, went to the penitentiary unattended. The seventeenth annual convention of the Kansas State Temperance Union will be held in Topeka Wednesday and Thursday January 10 and 11, beginning at 4 p. m. Work will commence soon on a bridge across the Kansas river at De Soto. It is to cost $15,000; of which Johnson county contributes $13,000 and Leavenworth county $2,000. Special Agent Lynn of the postoffice department has concluded the location of a rural free mail delivery route, running west from Lawrence. The route will supply 180 families. Judge Williams has decided that corporations organized outside of the state need not report their business to the secretary of state. The law applies only to Kansas companies. Kansas cattlemen will get together to devise ways and means of opposing the action of the railroads in putting in the system of charging by the hundred pounds instead of by the carload. Mrs. Charles Lusk, of Caldwell, is instituting a suit for $10,000 damages against the city of Caldwell and the owner of a saloon for causing the death of her husband from alcoholism. The financial condition of all the western part of Kansas is improving rapidly. The cause is cattle and alfalfa. Also the large crop of broom corn, which brings $110 per ton in Syracuse. The Exchange bank of Stockton decided to quit. In thirty days' time every loan made by the bank was collected, all depositors paid in full, stockholders paid in full with 30 per cent profits. J. W. Wilson, pastor of the colored Baptist church in Atchison, recently preached a funeral sermon over the body of a poor, hardworking woman who supported her family by doing washing. She was not a member of any church and the preacher told his congregation that she was suffering among the damned because she had died without repentance. Baldwin has had a fire which destroyed all the frame business buildings in the town. Loss about $15,000; insurance not over $5,000. The new I. O. O. F. hall at Delphos is one of the finest. The building is owned by the lodge, which rents the lower story for $300 a year. The hall is 36x105 feet. A new Presbyterian church is being erected near Donegal, in Dickinson county. The Germans are building a church in the southern part of the county. Judge Isaac Monett died in Washington recently. He was once a county commissioner and once probate judge in Sumner county. General Agent Chaplin of the Santa Fe is preparing an exhibit of Kansas agricultural products for the Paris exhibition next year. Rural free delivery service will be tablished at Marysville, Marshall county, Kas., on December 1, with one carrier: length of route 25 miles; area covered, 27 square miles; population to be served, 700.


Article from Free Press, December 9, 1899

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# KANSAS ITEMS OF INTEREST. Wheat in Dickinson county is reported in fine condition, completely covering the ground. The monthly payroll of the Santa Fe at Ottawa lacks but little of reaching the $15,000 mark. The Santa Fe railway pays about $26,000 taxes on its Shawnee county property every year. There are only two families in Johnson City, the county clerk, who is postmaster, and county treasurer. Henry Van Lewen is called the cheese king of Atchison county. He has a number of cheese factories. Colonel Edward C. Little of Abilene and Miss Edna Steele were married in the chapel of Bethany College, Topeka. The Christian denomination has about completed their church at Randall at an expense to build and furnish it of about $2,500. Wm. Bauman, a merchant of Kansas City, Kas., was forced into bankruptcy by his creditors and within three weeks paid off every obligation in full. There are several Mormon elders in Kansas preaching. They are in the state most of the time. They must get converts or they would not stay. An attempt will be made to secure a pardon for Harry Mason, the Marion banker, who, after having been sentenced, went to the penitentiary unattended. The seventeenth annual convention of the Kansas State Temperance Union will be held in Topeka Wednesday and Thursday January 10 and 11, beginning at 4 p. m. Work will commence soon on a bridge across the Kansas river at De Soto. It is to cost $15,000; of which Johnson county contributes $13,000 and Leavenworth county $2,000. Special Agent Lynn of the postoffice department has concluded the location of a rural free mail delivery route, running west from Lawrence. The route will supply 180 families. Judge Williams has decided that corporations organized outside of the state need not report their business to the secretary of state. The law applies only to Kansas companies. Kansas cattlemen will get together to devise ways and means of opposing the action of the railroads in putting in the system of charging by the hundred pounds instead of by the carload. Mrs. Charles Lusk, of Caldwell, is instituting a suit for $10,000 damages against the city of Caldwell and the owner of a saloon for causing the death of her husband from alcoholism. The financial condition of all the western part of Kansas is improving rapidly. The cause is cattle and alfalfa. Also the large crop of broom corn, which brings $110 per ton in Syracuse. The Exchange bank of Stockton decided to quit. In thirty days' time every loan made by the bank was collected, all depositors paid in full, stockholders paid in full with 30 per cent profits. J. W. Wilson, pastor of the colored Baptist church in Atchison, recently preached a funeral sermon over the body of a poor, hardworking woman who supported her family by doing washing. She was not a member of any church and the preacher told his congregation that she was suffering among the damned because she had died without repentance. Baldwin has had a fire which destroyed all the frame business buildings in the town. Loss about $15,000; insurance not over $5,000. The new I. O. O. F. hall at Delphos is one of the finest. The building is owned by the lodge, which rents the lower story for $300 a year. The hall is 36x105 feet. A new Presbyterian church is being erected near Donegal, in Dickinson county. The Germans are building a church in the southern part of the county. Judge Isaac Monett died in Washington recently. He was once a county commissioner and once probate judge in Sumner county. General Agent Chaplin of the Santa Fe is preparing an exhibit of Kansas agricultural products for the Paris exhibition next year. Rural free delivery service will be established at Marysville, Marshall county, Kas., on December 1, with one carrier; length of route 25 miles; area covered, 27 square miles; population to be served, 700. Dr Swensson, president of Bethany college, at Lindsborg, received as a donation to the college, 320 acres of land near Herington in Morris county. The donors are Major and Mrs. Hart of Pennsylvania. The same friends have previously donated property sold at $3,500. The Arkansas valley is almost one solid field of alfalfa; some of the farmers have as much as five hundred acres in one field. Thomas Ford of Hamilton county, has 500 acres in alfalfa and and a large number of cattle. The little town of Turner, with only 400 inhabitants, supplied three soldiers