7053. John D. Knox & Co. (Topeka, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
February 19, 1891
Location
Topeka, Kansas (39.048, -95.678)

Metadata

Model
gpt-5-mini
Short Digest
1807cbcb

Response Measures

None

Description

Multiple contemporary newspapers (Feb 19–27, 1891) report John D. Knox & Co., Topeka, 'assigned' (filed assignment/failed) and a receiver named. No mention of depositor runs; this is an insolvency/assignment (failure) and effectively a permanent closure/receivership. OCR variants in some articles (McAffee/McFee/McAffee, 'Tupeka' typo) corrected where obvious. Liability and asset totals vary across reports ($250k–$800k liabilities; assets ~$400k–$450k).

Events (2)

1. February 19, 1891 Receivership
Newspaper Excerpt
assigned yesterday to Hon. J. H. McAfee. The liabilities will reach $300,000. (Roanoke Times, 1891-02-20)John D. Knox & Co., bankers, assigned vesterday to Hon. J. H. McAfee. (Richmond Dispatch, 1891-02-20).John D. Knox & Co., bankers, Topeka, Kans., assigned Wednesday to J. H. McFee. (Evening Star, 1891-02-20).The firm of John D. Knox & Co., private bankers at Topeka, Kan., assigned... (various Feb 26-27 papers).
Source
newspapers
2. February 19, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Firm made an assignment (insolvent/failure) with liabilities far exceeding readily realizable assets; assets largely real estate, coupons, discounted bills; assignment to a receiver due to insolvency.
Newspaper Excerpt
John D. Knox & Co., investment bankers, assigned Wednesday to J. H. McFee.
Source
newspapers

Newspaper Articles (11)

Article from The Roanoke Times, February 20, 1891

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Another Kansas Failure. TOPEKA, Kan., Feb. 19.-[Special]John D. Knox & Co., investment bankers, assigned yesterday to Hon. J. H. McAfee. The liabilities will reach $300,000. Among the items of liabilities are time interest bearing certificates of deposit, principally held by Eastern par ties, $60,000; deposits for investments made by Eastern parties, $50,000.


Article from Richmond Dispatch, February 20, 1891

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HEAVY FAILURE IN KANSAS. Prominent Investment Bankers Go to the Wall-Liabilities. $300,000. [By telegraph to the Dispatch.] TOPEKA, KAN., February 19.-John D. Knox & Co., investment bankers, assigned vesterday to Hon. J. H. McAfee. Their liabilities will reach $300,000. Among items of the liabilities are the following Savings department deposits, demand certificates of deposit. and open accounts, $8,000: time interest-bearing certificates of deposit, principally held by eastern parties, $60,000; deposits for investments made by eastern parties, $50,000. The remainder of the liabilities are discounts with other banks, all of which are secured with good collaterals, amounting to $20,000, unpaid interest, coupons. &c. The assets are principally lands, equities, unpaid coupons, bills discounted and tax-sale certificates. The total value of the assets cannot be definitely determined, but Mr. Knox claims that a valuation of the assets aggregate $450,000. That, however, depends solely upon the prices realized upon the real properties. The heaviest creditors are the trustees of the New York Conference of the Methodist Episcopal Church for $20,000.


Article from Evening Star, February 20, 1891

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John D. Knox & Co., bankers, Topeka, Kans., assigned Wednesday to J. H. McFee. The liabilities will reach $300,000. Mr. Knox claims that at a fair valuation the assets will aggregate $450,000. The heaviest creditor is the board of trustees of the New York conference of the Methodist Episcopal Church for $20,000.


Article from San Antonio Daily Light, February 21, 1891

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TOPEKA, Feb. 21.-John D. Knox & Co., bankers, assigned to-day to John D. McAffee; liabilites will reach $300000 the assets are $400,000 in lands, coupons, etc.


Article from The Iowa Plain Dealer, February 26, 1891

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WEST AND SOUTH. MRS. M. TROLLINGER, of Leesville, Mo., was watching her son cut down a tree when it fell on her, killing her instantly. IN Salt Lake City seven members of the Church of Jesus Christ of LatterDay Saints pleaded guilty to living in polygamy and were fined in sums ranging from $100 and upwards. FLAMES at Akron. O., destroyed the paper mill of the Thomas Phillips Company, causing a loss of $100,000, and the works of the Enterprise Manufacturing Company; loss, $40,000. Nettie Cruza was burned to death. AT Jasper, Tenn., the Atna Coal Company made an assignment, with liabilities of $100,000 and assets of $300,000. THE late flood at Pittsburgh and vicinity did damage estimated at $2,000,000. ON the 18th General H. H. Sibley, the first Governor of Minnesota, died in St. Paul, aged 80 years. A MOB took a white man and a negro from the county jail in Gainesville, Fla., and hanged them for complicity in numerous assaults. AT Kansas City the Union Investment Company assigned, with liabilities and assets each $1,000,000. TOM KENDALL, Billy Kohler and William Kerns were killed by a snowslide at the Old Lout mine in Colorado. FIRE destroyed the Missouri Pacific round-house at Kansas City, Kan., with eighteen engines, causing a loss of $175,000. THE firm of John D. Knox & Co., private bankereat Topeka, Kan., assigned, with liabilities of $340,000 and assets of about $430,000.


Article from The Redwood Gazette, February 26, 1891

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WEST AND SOUTH. MRS. M. TROLLINGER, of Leesville, Mo., was watching her son cut down a tree when it fell on her, killing her instantly. IN Salt Lake City seven members of the Church of Jesus Christ of LatterDay Saints pleaded guilty to living in polygamy and were fined in sums ranging from $100 and upwards. FLAMES at Akron, O., destroyed the paper mill of the Thomas Phillips Company, causing a loss of $100,000, and the works of the Enterprise Manufacturing Company; loss, $40,000. Nettie Cruza was burned to death. AT Jasper, Tenn., the Atna Coal Company made an assignment, with liabilities of $100,000 and assets of $300,000. THE late flood at Pittsburgh and vicinity did damage estimated at $2,000,000. ON the 18th General H. H. Sibley, the first Governor of Minnesota, died in St. Paul, aged 80 years. A MOB took a white man and a negro from the county jail in Gainesville, Fla., and hanged them for complicity in numerous assaults. AT Kansas City the Union Investment Company assigned, with liabilities and assets each $1,000,000. TOM KENDALL, Billy Kohler and William Kerns were killed by a snowslide at the Old Lout mine in Colorado. FIRE destroyed the Missouri Pacific round-house at Kansas City, Kan., with eighteen engines, causing a loss of $175,000. THE firm of John D. Knox & Co., private bankersat Topeka, Kan., assigned, with liabilities of $340,000 and assets of about $450,000.


Article from The Worthington Advance, February 26, 1891

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in numerous assaults. AT Kansas City the Union Investment Company assigned, with liabilities and assets each $1,000,000. ToM KENDALL, Billy Kohler and William Kerns were killed by a snowslide at the Old Lout mine in Colorado. FIRE destroyed the Missouri Pacific round-house at Kansas City, Kan., with eighteen engines, causing a loss of $175,000. THE firm of John D. Knox & Co., private bankers at Topeka, Kan., assigned, with liabilities of $340,000 and assets of about $450,000. A FIRE at Hoosierville, a mining village in Clay County, Ind., almost entirely destroyed the town. EX-TREASURER WOODBUFF paid into the State Treasury of Arkansas $63,740.50, the full amount of his shortage. A FLOOD swept away Riverside, a suburb of Parkersburg, W. Va. No lives were lost. MARTHA MOORE and Sarah Mules (colored) were killed at Lake Station, Md., by a train. AN explosion of natural gas in the house of William Kuntz at Martin's Ferry, O., burned nine persons, two of them, Mrs. Kuntz and Miss Graves, fatally. THE Industrial party of Michigan in State convention at Lansing nominated O'Brien Jameson, of Port Huron, for Supreme Court Justice. THE population of Tennessee by races is announced by the Census Bureau as follows: White, 1,332,971; colored, 434,300; Indians, 173; Chinese, 64; Japanese, 10; total, 1,767,518. The population of West Virginia was given as follows: White, 729,262; colored, 33,508; Indians, 8; Chinese, 16; total 762,794. A MOB hanged John Bull, an Indian, at Battlefield, Miss., for the murder of Ben Pierce, a farmer. IN the Northwest a storm of sleet and snow did great damage to the telegraph service. THE world's fair directory has abandoned the Lake Front. There will not be a building placed upon it and the World's Columbian Exposition will be held at Jackson Park. It was said the expenses of the fair would be $17,625,453 and the receipts were estimated at $21,000,000. WILLIAM McCUBBIN, a wealthy citizen of Leigh, Neb., shot and killed his wife and his hired man and then cut his own throat. Jealousy prompted the crime. IN the Northwest the total production of white pine lumber during the past season was 4,068,285,584 feet, an increase over the previous season of 596,700,146 feet. THE death was announced of Mrs. Elizabeth Winchester, of Floyd County, Ind., aged 91 years, who was thought to be the only person in Indiana drawing a pension on account of the revolutionary war. MICHAEL ZELLERS found alive in the bottom of a forty-foot dry well at Crawfordsville, Ind., a hog which had been there for forty-one days without food or water. IN an interview in New York exPresident Cleveland emphatically denied a statement by a Washington paper to the effect that he had decided not to be a Presidential candidate in 1892.


Article from Iowa County Democrat, February 27, 1891

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THE LATEST TELEGRAMS. NEWS IN BRIEF WORK on the world's fair site in Jack son Park was resumed Thursday. GENERAL HENRY H SIBLEY, Minnesota's first governor, is dying at St. Paul. ADOLPH HOFFMAN and Alfred E. Frommett, silk manufacturers, of Paterson, N.. J. have assigned. THE finest alabaster quarry in the world has been discovered near Canyon City, Col. THE only child of Rider Haggard is reported to have died at the city of Mexico. THE Ohio river is still rising at Cincinnati, and a disastrous flood at that point is feared. "DIAMOND Joe Reynolds, the wellknown capitalist and steamboat-owner of Iowa, died Saturday at Prescott. Iowa. THIRTY inches of snow has fallen in Bozeman, Mont. within the last two days, and it is still snowing. THE crippled American loan and trust company of New York will be reorganized and financially strengthened. THE John D. Knox & Co., banking house at Topeka. Kas., has failed. Estimated liabilities, $250,000. THE bill conferring the elective franchise on women passed Thursday by the Kensas house of representatives. THE body of Professor Bancroft, of Brown's University, Providence, R. I., was found in Dyer's Pond Monday. He disappeared on December 8. PROFESSOR ALEXANDER WINCHELL of the Michigan University, a geologist of world-wide reputation, died at Ann Arbor Thursday morning. A PECULIAR feature of a recent storm at Salt Lake was a large quantity of salt which fell with the snow, all mixed ready to place in the freezer. MASTER WORKMAN T. V. POWDERLY of the Knights of Labor was stricken with heart disease at Toveka, Kan., but his condition is not dangerous. GIBSON, ot the whisky trust, gave bail in the sum of $25,000 Wednesday for his appearance when the indictment found against him by the state grand jury shall come to trial. OVER $2,000,000 was divided among the four children of Chauncy B. Blair, by the will of the late banker which was filed for probate Tuesday. THE will of the late J. N. McCullough, Vice President of the Pennsylvania Company, has been filed for probrate. His estate is valued at from $7,000,000 to $10,000.


Article from The State Herald, February 27, 1891

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NEWS NUGGETS. Smallpox prevails at Belfast to an alarming extent. a Senator Ingalls has resigned the presidency of the Senate. Kansas City was visited by a destructive fire last Sunday. Great loss of property has been caused by floods in Arizona. The Missouri Pacific round house at Kansas City was burned the other day. John D. Knox & Co., Tupeka bankers, have assigned. Liabilities. $250.'000 Ignatius Donnelly has sued two of the St. Paul papers for $100,000 each for libel. The grip has appeared at Leghorn with alarming severity. The hospitals are crowded. It has again been "finally" decided to place all the World's Fair buildings together in Jackson Park. A bill has been introduced in the Senate grantinga pension of $2,500 a year to the widow of Admiral Porter. Professor Alexander Winchell, probably the most learned geologist in the United States, died Thursday. A Lincoln County (Tenn.) Baptist minister has been arrested for running an illicit distillery in his smokehouse. Application has been made for a receiver for the Hansard Publishing Company, of London. A $6,000,000 creditor is the petitioner. New York breweries which were left out of the combination of November, 1886, have formed a rival pool 000'000'8$ to capital B quite A Russian commission has been appointed to assist farmers by credit advances where they are injured by prohibitive duties on farm machinery. Inquiries at the Vatican show the pope's letter to Cardinal Gibbons on the question of school education in the United States will be of a pacific nature. It is said that Bismarck shipped four boxes filled with important documents to London in view of the possibility of being prosecuted for his alleged utterances upon public affairs. While coasting at Burlington, Vt., Thursday evening. Mrs. John Fenniff was killed. Mrs. Lizzie Wyne received a broken jaw and three others were injured. No one need suffer much through sympathy for Senator Ingalls' downfall. The senator will not exactly starve. It transpires that he has $300.000 stowed away against the rainy day. The Standard Oil company has bought 20,000 acres in Green county. West Virginia. and in Monongabela and Marion counties, in Pennsylvania. The property contains ol and gas, and the price paid was 750.000. Five miners have been rescued from a Pennsylvania coal mine after having been entombed eighteen days. Their II" dn state Buo[ puq hope, and their return to them alive was as if they had come from the dead. Just as Master Workman Powderly concluded a speech at Topeka, Kas., Monday night, he fell prostrate in his chair from an attack of heart disease. He recovered. however, in about five minutes and wasable to walk to his hotel. In a speech at Longford the other day, Mr. Parnell said: "I do not wish you to come in contact with British nos use Jase I pinous inq 'stanoing to take the risk without a constitution I also will take the risk by your side as your leader." The Kansas Senate has passed, by a vote of 25 to 4, the fees and salaries bill. The bill makes a reduction of about 25 per cent. in salaries of county officers. The bill has already passed the House and now goes to the governor for his signature. Secretary Mohler of the Kansas State board of agriculture hasreceived exceedingly encouraging reports of the condition of winter wheat. In fact. MOU belief yonu Inclose 11 1941 SAWS en than it has at any season for several years. The weather has been favorable. In a bulletin issued by the census office, it 18 stated that the center of population of this country on June 1. 1890, was in Southern Indiana. near Greensburg. and twenty miles east of Columbus. Ten years ago it was eight miles west by south of Cincin-


Article from The Kinsley Graphic, February 27, 1891

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KANSAS STATE NEWS. F. W. Murphy, lately employed as bookkeeper by L. H. Wood & Co., real estate and insurance agents of Kansas City, Kan., was recently brought back from Milwaukee to answer the charge of embezzling from the firm. Captain Jacob B. Chase, who was a member of the party of four thatselected the site for the city of Topeka in November, 1854, died the other day at his home in Newburyport, Mass. The other three died several years ago. Hubert Taylor, a young man charged with embezzlement of a few hundred dollars as station agent of the Missouri Pacific road at Connor, and who fled to Canada, was recently arrested in Montreal and returned by a Pinkerton detective. The Missouri Pacific repair shops and round house in the Cypress yards at Kansas City, Kan., together with eighteen large locomotives, were destroyed by fire the other night. The loss aggregated $175,000, principally on the engines. Only one freight engine was saved. The John D. Knox & Co. investment banking house at Topeka has assigned. The liabilities will reach $800,000 and the assets are principally lands, equities, unpaid coupons, bills discounted, tax sale certificates, etc. Mr. Knox claims that on a fair valuation they will aggregate $450,000. Three young girls who had been expelled from school at Wichita, collected all their trinkets, which they converted into cash, and the other day started on a south-bound train for Texas with life full of great expectatious. They were soon captured and sent home. They had reached the mature age of 15 years. The House Committee appointed to investigate the actions of the Board of the State House Commissioners went to work in the State Auditor's office with a force of clerks examining all the vouchers and records pertaining to the State House construction from the time of the commencement of the building of the west wing until the present time-eleven years. While making a speech to a large audience in Representative Hall at Topeka on the evening of the 16th, T, V. Powderly, grand master workman of the Knights of Labor, fell to the rostrum from heart failure. He soon re. covered, however, and was escorted to his hotel. He had been speaking for three hours when he was attacked. He has canceled all other Western engagements. The House committe sent to Hutchinson to examine the reformatory reported in favor of temporarily changing the institution into a lunatic asylum. It is the idea of the committee that the re. formatory building should not not be remodeled and should only be used as an asylum until a new asylum can be built. The committee advises building a new asylum on the reformatory grounds. Secretary Mohler, of the State Board of Agriculture, has received exceedingly encouraging reports of the condition of winter wheat. In fact, he says that it looks much better now than it has at any season for several years. The weather has been favorable, the ground is well supplied with moisture and the threatened damage from the Hessian fly has been averted. When the bookkeeper of the bank of Eldorado entered the bank in that city the other morning he found Frank Mills, the janitor of the building, dead on the floor, with a bullet in his brain. Mills left his family the previous night, after bidding them good-by. The coroner returned B. verdict of suicide. Financial troubles were assigned. Mills was a young man and left a family. Five thousand veterans attended the recent meeting of the G. A. R. at Arkansas City. Resolutions asking Congress to open the Cherokee Strip were passed. Eloquent addresses were delivered by General McCarthy, Judge Hanback and Colonel Emmett Callahan. As Callahan was speaking a telegram announced the death of General Sherman and the speaker paid a warm tribute to the memory of the departed hero. Frank Woodyard, a respectable eolored farmer, who lived near Atchison, was fatally shot late the other afternoon. He was out hunting with a companion, and coming to a vacant house in a field opened the door, when both barrels of a shotgun were discharge into his breast. Theowner of the house had it stored with corn, and having been bothered by thieves, set the deathdealing trap. The State Federation of Labor, at its recent sesion in Topeka, elected the following officers: I. B. Brown, Topeka, president; Robert Tompkins, Atchison, first vice-president; U. C. Spencer, Emporia, second vice-president; P. S. Cook, Topeka, secretary: N. S. Johnson, treasurer; C. A. Coffin, Topeka, sergeant-at-arms; council, C. B. McElroy, fHutein


Article from Lewiston Teller, March 12, 1891

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in Nebraska elevators. In the Kansas house the bill to grant female suffrage was defeated. In the wreck of the Elizabeth off San Francisco 18 lives were lost. The next Congress, says a democratmuch. ic leader, should not attempt to do Increases of patronage under the judiciary measure. bill make it a political A railroad man who said there were no ladies in Temple, Tex., was forced to leave town. Dr. Fisher, acting president of the Missouri State University, died at Columbia, Mo. Mrs. James Martin of Terre Haute. Ind.. stole her child from her father at Wichita Kas. Julia Redman of Dubuque, Iowa. stayed in doors 12 years nursing her invalid mother. Ex-Mayor Grace of New York states that Hill cannot carry the state, but that Cleveland can. Ten thousand settlers are said to have crossed over into and settled in the Cherokee Outlet. East Elkport, a village of 400 inhabitants, in Clay county, Iowa, was almost destroyed by fire. The long drought in southern Illinois has been broken by one of the heaviest rains in years. The California senate has passed the house bill appropriating $300, for the world's fair exhibit. The Kansas house, by a vote of 69 to 34, reconsidered and passed the bill granting female suffrage. John D. Knox & Co., bankers of Topeka, Kas., have assigned. Liabilities $250,000; assets. $400,000. Senator Quay, it is said. will proceed civilly and criminally against the New York World for libel. There is talk of possible indictments of St. Louis officials for violations of the interstate commerce law. An assassin shot at Dr. Wm. Lamb of Shiloh, Miss., but the contents of the shotgun killed his nephew. The lower house of the Montana legislature defeated the bill fixing eight hours for a day's work in the mines. An especial denial is made of the report that a receiver is to be appointed for the Ohio and Mississippi Railroad. Maj. Anderson of New York has submitted a scheme for an elaborate naval display to the World's fair directors. Sheriff Timberlake, who hunted down the James gang and employed Bob Ford in the matter, died at Liberty, Mo. A letter of S. N. Wood to Kansas Alliance men. marked ''private and confidential, has brought suspicion upon that leader. There is much excitement at Memphis over the right of the city to control the tolls for and approaches to the new bridge. Nelson Pyle of New Albany. Ind., died of hydrophobia from a dog bite inflicted December 9. His sufferings were frightful. The world's fair contractors will employ only American citizens, by which action they expect to avert any further trouble. The investigation committee found that at the end of the first term of Teeasurer Woodruff of Arkansas the State owed him $19. It is stated that the senate will refuse to confirm James H. Beatty, nominated some days since for United States judge in Idaho. United States revenue officials made a general raid on Chicago cigar dealers who were counterfeiting the govern ment import stamps. The American Loan and Trust com pany closed its doors in New York with liabilities of $2, 234, 847. The ap parent deficit is $656, 789. A supreme court decision makes St. Joseph woman a bigamist. She had married after her husband had been convicted of bigamy. Secretary Noble, in an opinion sus tains a contention that a Chickasav who takes out naturalization paper still holds his nation rights. Mr. Kelley of Kansas introduced i the house a bill to repeal that portio of the bank act that compels nations banks to purchase United States bonds The bill making prize fighting i Texas a penitentiary offense was passe by the house. The term of imprisor ment provided for ranges from two five years. The Mexicans who killed Deput Marshal Russell near Raton, N. M have been tracked by bloodhounds an adobe house, where they are pr