7055. Kansas Loan & Trust Company (Topeka, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
September 2, 1898
Location
Topeka, Kansas (39.048, -95.678)

Metadata

Model
gpt-5-mini
Short Digest
985db93e

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Sept. 2–3, 1898) report the Kansas Loan and Trust Company (lately Trust Company of America) has failed and receivers were appointed for inability to meet obligations. No articles describe depositor runs or temporary suspension prior to receivership. Subsequent 1899 items note continued legal trouble and steps to annul the Kansas charter. Chosen episode type reflects a suspension/closure via receivership (no run reported).

Events (2)

1. September 2, 1898 Receivership
Newspaper Excerpt
The Kansas Loan and Trust Company, lately known as the Trust Company of America, has failed... Upon the application of John R. Mulvane ... were named receivers to-day. Inability to meet obligations is the reason assigned for the receivership.
Source
newspapers
2. August 29, 1899 Other
Newspaper Excerpt
Steps were taken yesterday to have the Kansas charter of the Kansas Loan and Trust company annulled by the supreme court and an application was made in the United States court to have the receivers of the Trust of America removed.
Source
newspapers

Newspaper Articles (10)

Article from The Indianapolis Journal, September 3, 1898

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Article Text

BIG KANSAS FAILURE. Loan and Trust Company Gone Up for $400,000. CHICAGO, Sept. 2.-A special to the Chronicle from Topeka, Kan., says: The Kansas Loan and Trust Company, lately known as the Trust Company of America, has failed. The liabilities are estimated at $400,000; assets at $1,200,000. This is one of the oldest and largest loan companies in Kansas. Upon the application of John R. Mulvane. John Marion and W. H. Rossington, T. B. Sweet and G. H. Whitcomb, of this city, were named receivers to-day. Inability to meet obligations is the reason assigned for the receivership.


Article from The Herald, September 3, 1898

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Article Text

Kansas Failure TOPEKA, Kan., Sept. 2.-The Kansas Loan and Trust company, lately known as the Trust Company of America, has failed. The liabilities are estimated at $400,000; assets at $1,200,000. This is one of the oldest and largest trust companies in Kansas. Inability to meet obligations is the reason assigned for the receivership.


Article from The San Francisco Call, September 3, 1898

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Article Text

TWO BIG FAILURES. Kansas Loan and Trust Company and the Godey Publishers. TOPEKA, Sept. 2.-The Kansas Loan and Trust Company, lately known as the Trust Company of America, has falled. The liabilities are estimated at $400,000, assets at $1,200,000. This is one of the oldest and largest trust companies in Kansas. Upon the application of John R. Mulvane, John Marion and W. H. Rossington. T. B. Sweet and G. H. Whitcomb of this city were named receivers to-day. Inability to meet obligations is the reason assigned for the receivership. NEW YORK, Sept. 2.-A receiver was appointed to-day for the Godey Company, publishers of Godey's Magazine. A creditor for $23,000 forced the receivership.


Article from New-York Tribune, September 4, 1898

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Article Text

KANSAS LOAN AND TRUST COMPANY FAILS. Chicago, Sept. 3.-A dispatch to "The Chrontele" from Topeka, Kan., says that the Kansas Loan and Trust Company. lately known as the Trust Company of America, has failed. The liabilities are estimated at $400,000; assets. $1,200,000. This is one of the largest loan companies in Kansas. On the application of John R. Mulvane, John Madion and W. H. Rossington T. B. Sweet and G. H. Whiteomb, of this city, were named as receivers yesterday. Inability to meet obligations is the reason assigned for the receivership.


Article from Little Falls Weekly Transcript, September 6, 1898

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Article Text

TRUST COMPANY FAILS. One of the Largest in Kansas Makes an Assignment. CHICAGO, Sept. 8.-A special to The Chronicle from Topeka, Kan., says: The Kansas Loan and Trust company, lately known as the Trust Company of America, has failed. The liabilities are estimated at $400,000, assets at $1,200,000. This is one of the oldest and largest loan companies in Kansas. Upon the application of John R. Mul. vane, John Marion and W. H. Rossington, T. B. Sweet and G. H. Whitcomb of this city have been named receivers. Inability to meet obligations is the reason assigned for the receivership.


Article from Arizona Republican, September 7, 1898

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Article Text

BIG LOAN COMPANY FAILS. Kansas Concern Quits With Assets Thrice Its Liabilitics. Topeka, Kan., Sept. 6.-The Kansas Loan and Trust company, lately known as the Trust Company of America, has failed. The liabilities are estimated a' $400,000; assets at $1,200,000. This is one of the oldest and largest loan companies in Kansas. Upon thapplication of John R. Mulvane, John Marion and W. H. Rossington, T. P. Sweet and G. H. Whitcomb of this city were named receivers. Inability to meet obligations is the reason assigned for the receivership.


Article from The Democratic Advocate, September 10, 1898

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Article Text

News of the Week. and A famine is threatened in Russia, privisions are advancing in price. J. A. P. Fish, died suddenly in New 560 York city, last week. He weighed pounds. Pittsburg glass manufacturers have 20 decided The to increase prices from 5 to per cent. Joseph D. Rigby died in Mercer coun- of ty, Pa., last week, at the alleged age 105 years. In the Bombay Presidency, India, from last the week, there were 2,300 deaths plague, and it is spreading. Wilford Woodruff, President Francisco, of the Mormon Church, died in San on the 2d instant, aged 91 years. Great damage to crops, railways and bridges has been caused near Charlotte, N. by recent heavy United States Treasury reserve total The C., rain storms. gold with Saturday broke the record a hison of $220,916,282, the highest in the tory of the reserve fund. at Senator Hanna, in an interview Cleveland, O., expresses the opinion that much of the suffering in the army camps has been the fault of volunteer officers. The Custom House receipts for of San Francisco for the month of August for amounted to $567,273 the largest office. single month in the records of that Dispatches from army camps state that by incompetence, jealousy and red tape officials are the principal causes of the terrible state of affairs in the hospitals there. The wheat crop of this country, this is estimated at 650, 000 bushels. the year, What the price will be is not known, as yields of other countries has not been made public. In Texas the army worm is destroying the the cotton crop. A few weeks ago yield was estimated at 3,000,000 bales, now 1,000, will be about the amount for shipment. The army worm is doing much damage near Milton, Delaware, a five acre field of of millet on the farms of S. J Wilson and Thomas J. Adkins having been destroyed within two days. The lower classes in Spain are greatly impressed with the ghastly appearance the soldiers returning from Cuba, and are of loudly protesting against a continuance the special war taxes. The Burgomaster of Amsterdam has presented to the Queen of Holland 300. the 000 florins for philanthropy, and Queen has announced her intention of founding a hospital for consumptives with a portion of the fund. Martin Geiser, aged 70 years, one of the oldest and best known business men of Waynesboro, Pa., died last week after an illness of several years. He was brother of the late Daniel Geiser, founder of the Geiser Manufacturing Company. The Bodely Wagon Works, at Staun ton, Virginia, have received from Louisiana an order for 9,000 farm implements and machinery of their manufacture, most of the order being for improved patterns and new styles. William H. Underwood, Jr who has been engaged in the investment and loan business, at Chicago, has filed a petition in bankruptey. He has liabilities aggregating $183,000. His assets are placed at about $140,000. About 300 American merino sheep were shipped recently from Rutland and Addison counties, Vermont, for Australia The sheep raising industry in Vermont has experienced sudden revival, and there is a large demand from South Africa and Australia. More names were added to the pension rolls last year than at any time from 1869 to 1880, and the total now amounts to 1,040,356 names. No action has yet been takeu on the applications filed on behalf of those killed or wounded in the Spanish war. The millstones at the gin at the Nitta Yuma Plantation, in Mississippi, burst on Saturday, instantly killing four men and injuring four others, two of them fatally Three of the dead were driven through the walls of the building by the force of the explosion. The steamer John R. Meigs was destroyed by mine in the Mississippi at Fort St. Philip, Louisiana, on Saturday Four men were killed. The boat had on board party of United States engineers, who were grappling for the mines laid for the defence of the harbor. San Francisco advices are that the Cali fornia wheat crop will not much exceed 8,000,000 bushels, which is only about one-third of an average. About one-half of the usual fruit crop is looked for, except in the case of raisins, of which a heavy yield is expected. Kynaston and Jago, officers of the White Star Line steamers arrested upon a charge of robbing the mails several weeks ago, were given a hearing in the Bow Street Police Court, London, on Friday of last week, and were remanded. Kynaston made full confession. By the storm on Wednesday of last week, Savannah, Georgia, was damaged over $20,000. Later reports state that the country back of the city suffered severely and a number of persons were killed or severely wounded. On the coast of South Carolina the storm was terrific and many lives were lost and the destruction of property terrible. The Kansas Loan and Trust Company of Topeka, lately known as the Trust Company of America, failed on the 3d instant. The liabilities are estimated at $400,000, assets at $1,200,000. This is one of the oldest and largest loan com panies in Kansas. Inability to meet obligations is the reason assigned for the receivership. A typhon swept over Formosa, China, August 5. and ended on the 8th. In Taipeh 768 houses were destroyed, 395 washed


Article from Mesa Free Press, September 16, 1898

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GENERAL NEWS ITEMS News of the State, Nation and the World Also Interesting News Items of The War A receiver has been appointed for the Company, publishers of Godey's Magazine. Godey A creditor for $3,000 forced the receivership. There is reason to believe the Navy will decline to grant permission Department to Naval Constructor Hobson Cristo continue his efforts to raise the tobal Colon. September 14th at the TransmississExposition will be "National Shriners' ippi Day." Special invitations been sent to the 50,000 members and Canada. of have Shriner Temples in the United States Commisssioner of Pensions Evans the issued an order prohibiting sending has of pension checks to "general deThe intention of the delivery." partment is to have all such delivered the penat the individual addresses of sioners. Information has developed that a fire the out in the coal bunkers of broke transport Cantania during her work recent it from Santiago. By hard until the trip kept under control and steamer was reached Montauk Point the sick had been landed. of Concord, N. H., a shortage At in the accounts of former Gerrish Deputy $5000 Treasurer Herman F. State State announced last night admits by havwas Carter. Gerrish said Treasurer abstracted the money, but it is that ing he will not be prosecuted. Admiral Cervera and several the While officers were walking week Spanish at Annapolis one day last made streets female excursionists and a party of with a cheer and kissed other offor them the admiral. The the caressed like sensible men, fled when ficers, women made for them. members of the Democratic in cen- the The committees in fifteen states indorse tral west emphatically Stone of south remarks and made by ex-Gov. that Bryan Missouri, the to renominated the effect in 1900, would and should the be issue of the campaigns that the free coinage of silver. be special to the Boston Globe that states there A it seems almost certain of yellow fever that are at least sixty cases A United States ofin Camp Wikoff. to a reporter that fever. there were It is ficer said cases of yellow maintained said sixty-two the greatest secrecy the disease is being so and the fact had of not reached the presss. day at demonstraquiet and placed prevalent unusual Sedan Berlin without William passsed off with a Emperor father, Emwreath tions. on the tomb at of Potsdam, his in the Frederick, to the maneuvers, peror morning, and went on local mateast and west. ters where and he proposd made a a speech canal to connect the three firms offered bids for by the the last new congress. Four battleships The lowest authorized vessel bid follows: of Company, each New- for any type of one Shipbuilding Cramps, News News, Va., $2,580,000; Union Iron $2,674,000; logue Philadelphia, port Newport San Francisco, $2,650,000; DiaComWorks, and Company, $2,840,000. Trust The Kansas Loan as and the Trust Company, of lately America, known has estimated failed at at Topeka. $400,000 of pany liabilities are This is one The assets at $1,200,000. trust companies and oldest and largest to meet obligaceivership. the in tions Kansas. is the reason Inability assigned for the reStar White steamer Secliam retary Britannie On Fife, board Hugh Jr., from the C: and Liverpool, Kelley, H. Royal McGildowney, Designer Ulster where Yacht New Wil- the committee of the confer with the to the who will relation challenge York Club, Yacht of Sir Club Thomas in Lipton for the America's cup. of Mexico dispatch from the one City of the banks and A an employe in last April account, says there forged customer's a check entire Europe. The day, some drew $75,000, out a discovered and went to until Wednes- and loss was when not the depositor appeared


Article from Abilene Weekly Reflector, August 31, 1899

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Loan Companies in Trouble. Topeka, Kan., Aug. 29.-Two big Kansas loan companies owned and controlled practically by the same parties are in serious trouble. They are the Kansas Loan and Trust company and the Trust Company of America. While the latter is a Missouri corporation, yet all of its loans are placed in Kansas and it is a Kansas concern. Steps were taken yesterday to have the Kansas charter of the Kansas Loan and Trust company annulled by the supreme court and an application was made in the United States court to have the receivers of the Trust of America removed.


Article from Baxter Springs News, September 2, 1899

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Loan Companies in Trouble. Topeka, Kan., Aug. 29.-Two big Kansas loan companies owned and controlled practically by the same parties are in serious trouble. They are the Kansas Loan and Trust company and the Trust Company of America. While the latter is a Missouri corporation, yet all of its loans are placed in Kansas and it is a Kansas concern. Steps were taken yesterday to have the Kansas charter of the Kansas Loan and Trust company annulled by the supreme court and an application was made in the United States court to have the receivers of the Trust of America removed.