7078. United States Savings Bank (Topeka, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 1, 1891*
Location
Topeka, Kansas (39.048, -95.678)

Metadata

Model
gpt-5-mini
Short Digest
05de5e8b

Response Measures

None

Description

The articles state the United States Savings Bank of Topeka failed in September, 1891 and a receiver (Major William Sims) is administering payments to depositors in 1893. There is no mention of a depositor run in the provided clips; the bank is already defunct and in receivership, so classify as a suspension/closure with receiver. Bank charter type not specified in the articles, so set to unknown.

Events (3)
1. September 1, 1891* Other
Newspaper Excerpt
the United States Savings bank, which failed in September, 1891, announced ... (article notes failure in September, 1891).
Source
newspapers
2. March 31, 1893 Receivership
Newspaper Excerpt
Major William Sims, receiver of the United States Savings bank, which failed in September, 1891, announced that he was ready to make a 15 per cent payment to the 430 depositors.
Source
newspapers
3. December 21, 1893 Other
Newspaper Excerpt
Judge Hazen has made a decision that the assets of the defunct United States savings bank, of Topeka, are not subject to taxation. The receiver of the bank brought suit for an injunction...
Source
newspapers

Newspaper Articles (2)
1. March 31, 1893 The Goodland Republic Goodland, KS
Article from The Goodland Republic, March 31, 1893

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Article Text

Money For Failed Bank Depositors. TOPEKA, March %4.-Major William Sims, receiver of the United States Savings bank, which failed in September, 1891, announced that he was ready to make a 15 per cent payment to the 430 depositors. The receipts amount to $46,891. 70, the disbursements to $37,101.09 and the cash on hand to $9,790.61.

2. December 23, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, December 23, 1893

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Article Text

Not Subject to Taxation. TOPEKA. Kan, Dec. 21.-In the district court of this county Judge Hazen has made a decision that the assets of the defunctUnited States savings bank, of Topeka, are not subject to taxation. The receiver of the bank brought suit for an injunction to restrain the collection of the tax assessed this year, which Judge Hazen allowed on the ground that while the st ck of the bank is subject to taxation, it would be unjust to assess both the stock and the assets.