7087. Delaware Bank (Valley Falls, KS)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
February 1, 1896*
Location
Valley Falls, Kansas (39.343, -95.460)

Metadata

Model
gpt-5-mini
Short Digest
5b8609df

Response Measures

None

Description

Newspaper briefs (Feb 13, 1896) report the Delaware Bank of Valley Falls 'has failed.' A Feb 20, 1896 story states stockholders raised funds, paid depositors in full and will reopen the reorganized bank. Later (1898) reporting describes the 1896 assignment and embezzlement by the cashier causing deficits. No contemporaneous article describes a depositor run, so this is a suspension (failure/assignment) followed by reopening.

Events (3)
1. February 1, 1896* Receivership
Newspaper Excerpt
At the latter date the bank assigned, and farmers who had been stockholders in it were required to pay $28,300 to make good their deficit. (From 1898 article describing 1896 assignment.)
Source
newspapers
2. February 13, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure/assignment later attributed to embezzlement/deficits by cashier; insolvency of the bank led to failure.
Newspaper Excerpt
The Delaware bank of Valley Falls, Kan., has failed.
Source
newspapers
3. February 20, 1896 Reopening
Newspaper Excerpt
The Delaware Bank at Valley Falls, which failed two weeks ago, will soon be open for business again with an increased capital stock. ... they have paid off all their depositors in full.
Source
newspapers

Newspaper Articles (6)
1. February 13, 1896 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, February 13, 1896

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Article Text

NEWS IN BRIEF. Mort Eads, a Missouri farmer. had beena fugitive from justice for two years, surrendered. John Lockwood, a pioneer hotel proprietor of Fort Scott died of heart failure. For nearly thirty years he has conducted the Lockwood house. He leaves a large estate. Charles Wachsmuth. the world's greatest paieontologist in the line of the crinolds, died suddenly at Burlington, Iowa, aged 66. The Excelsior Manufacturing company of St. Louis, the largest stove making concern in the West, has assigned. Assets will more than cover liabilities. The Delaware bank of Valley Falls, Kan., has failed. Scott Jackson and Alonzo Walling, held for the murder of Pearl Bryan, throw the burden of the crime upon each other. Rev. Thomas Cooper of the Huntley Methodist church of St. Joseph, Mo., has been suspended, pending investigation of several charges. A charge of dynamite was exploded under the residence of T. D. Stinson, a Cal. wealthy resident of Los Angeles, Secretary Hoke Smith appeared before the Committee on Pacific Railway's Indebtness. He advocated foreelosure and expressed himself as opposed to Government ownership. The Indiana Democratic Editorial Association voted down a silver resoS of SI [niton At Black Jack, Texas, women wrecked with axes two places where it was said whisky was sold. Enemies of the Southern Pacific say that there is a good chance of the Kentucky Legislature recalling the road's charter. Mrs. Georgiana Joy, mother of Congrassman Joy of St. Louis, died at 'III Ex-United States Treasurer Huston's bank at Connersville, Ind., the Citizens, has assigned. Standard Oil company has crushed a rival in the Scotch oil combine. Investors lose heavily. Deputy Marshal Ed Thurlow was shot dead at Duncan, Ok., while attempting to make an arrest. A mining company has been formed to tunnel under the city of Butte, Mont., for silver and copper. Bolivia objects to Brazil's proposal that President Cleveland arbitrate their boundary line dispute. Three St Joseph letter carriers were suspended and are likely to be removed within ten days. Others were "laid off" for twenty days for lesser offenses. The Senate foreign relations committee has reported a Cuban recognition substitute of milder tone, simply declaring neutrality on the part of the United States and according the rights of belligerents to both parties in United States ports. The Bay State Agricultural society has indorsed Secretary Morton's suspension of seed distributions. The Senate passed the House bill granting to the Arkansas and Choctaw Railroad company a right of way through the Choctaw nation, Indian territory. Professor Daniel L. Dowd, inventor of gymnastic exercises, is insane at Bellevue hospital, New York. Dr. Andrews of the state university of Iowa photographed a piece of aluminum through a plate of ebonite by the Rentgen method. United States Commissioners Beal, Wilkerson, Wrightman and J. B. George of Oklahoma are to be investigated, aud prosecutions may follow. Krout. the Colorado Springs express agent who robbed the company of $20,000, pleaded guilty and got five years. The money was all recovered but $125. A white pine lumber trust is being formed by Michigan, Wisconsin and Minnesota manufacturer The annual output of 1,000,000,000 feet will be curtailed by. closing down mills. When the news of the decision of the Supreme court in the capital removal case reached Sedalia the town went wild. Whistles were blown. bells rung and the houses bedecked puu spey 47!M The headless corpse found at Fort Thomas has been identified as Pearl E S 'V JO Bryan Greencastle, Ind., farmer, and Scott Jackson, a Cincinnati dental student, and his friend, William Wood, are charged with the crime. Wendell P. Smith, a Denver watchman, was shot and killed by a burglar whom he detected breaking into a store. The murderer escaped. Woodland Park is the latest Colorado town to have a gold boom, Free gold has been discovered in float picked up there, and prospectors are said to be "flocking in from Cripple Creek and West Creek.' The Red Lake and White Earth Indian reservations. comprising about 1,000,000 acres, forming part of the old Chippewa reservation in Minnesota. will be opened to S ement on

2. February 13, 1896 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, February 13, 1896

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Article Text

NEWS IN BRIEF Mort Eads, a Missouri farmer, who had beena fugitive from justice for two years, surrendered. John Lockwood, a pioneer hotel proprietor of Fort Scott died of heart failure. For nearly thirty years he has conducted the Lockwood house. He leaves a large estate. Charles Wachsmuth, the world's greatest paleontologist in the line of the crinolds, died suddenly at Burlington, Iowa, aged 66. The Excelsior Manufacturing company of St. Louis, the largest stove making concern in the West, has assigned. Assets will more than cover liabilities. The Delaware bank of Valley Falls, Kan., has failed. : Scott Jackson and Alonzo Walling, held for the murder of Pearl Bryan, throw the burden of the cPime upon each other. Rev. Thomas Cooper of the Huntley Methodist church of St. Joseph, Mo., has been suspended, pending investigation of several charges. A charge of dynamite was exploded under the residence of T. D. Stinson, a wealthy resident of Los Angeles, Cal. Secretary Hoke Smith appeared before the Committee on Pacific Railway's Indebtness. He advocated foreclosure and expressed himself as opposed to Government ownership. The Indiana Democratic Editorial Association voted down a silver resolution, 18 to 8. At Black Jack, Texas, women wrecked with axes two places where it was said whisky was sold. Enemies of the Southern Pacific say that there is a good chance of the Ken-® tucky Legislature recalling the road's charter. Mrs. Georgiana Joy, mother of Congrassman Joy of St. Louis, died at Jacksonville, III. Ex-United States Treasurer Huston's bank at Connersville, Ind., the Citizens, has assigned. Standard Oil company has crushed a rival in the Scotch oil combine. Investors lose heavily. Deputy Marshal Ed Thurlow was shot dead at Duncan, Ok., while attempting to make an arrest. 'A mining company has been formed to tunnel under the city of Butte, Mont., for silver and copper. Bolivia objects to Brazil's proposal that President Cleveland arbitrate their boundary line dispute. Three St Joseph letter carriers were suspended and are likely to be removed within ten days. Others were "laid off" for twenty days for lesser offenses. The Senate foreign relations committee has reported a Cuban recognition substitute of milder tone, simply declaring neutrality on the part of the United States and according the rights of belligerents to both parties in United States ports. The Bay State Agricultural society has indorsed Secretary Morton's suspension of seed distributions. The Senate passed the House bill granting to the Arkansas and Choetaw Railroad company a right of way through the Choetaw nation, Indian territory. Professor Daniel L. Dowd, inventor of gymnastic exercises, is insane at Bellevue hospital, New York. Dr. Andrews of the state university of Iowa photographed a piece of aluminum through a plate of ebonite by the Rentgen method. United States Commissioners Beal, Wilkerson, Wrightman and J. B. George of Oklahoma are to be investigated, aud prosecutions may follow. Krout, the Colorado Springs express agent who robbed the company of $20,000, pleaded guilty and got five years. The money was all recovered but $125. A white pine lumber trust is being formed by Michigan, Wisconsin and Minnesota manufacturers. The annual output of 1,000,000,000 feet will be curtailed by closing down mills. When the news of the decision of the Supreme court in the capital removal case reached Sedalia the town went wild. Wh stles were blown, bells rung and the houses bedecked with flags and bunting. The headless corpse found at Fort Thomas has been identified as Pearl Bryan, daughter of A. S. Bryan, a Greencastle, Ind., farmer. and Scott Jackson, a Cincinnati dental student, and his friend, William Wood, are charged with the crime. Wendell P. Smith, a Denver watchwan, was shot and killed by a burglar whom he detected breaking into a store. The murderer escaped, Woodland Park is the latest Colorado town to have a gold boom. Free gold has been discovered in float picked up there, and prospectors are said to be

3. February 13, 1896 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, February 13, 1896

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Article Text

NEWS IN BRIEF. W. H. English, who was the Democratic candidate for vice president with General Hancock in 1880, died at his home in Indianapolis. He left an estate valued at between $5,000,000 and $7,000,000. The Circuit Federal court has decided that John Chinamen living in this country cannot go back to the Celestial empire and bring their wives back to America with them. The New York Republican central committee indorsed the presidential candidacy of Governor Morton. An ice gorge has caused an unprecedented rise in the Platte river at Clarks, Neb. Many families are in danger. Governor Stone has appointed Rawson J. Morehouse of Appleton City inspector general of the National Guard of Missouri. Thomas Sexton has been asked to become leader of the Irish Parliamentary party, but he is unwilling to do so. Birdie Sutherland, a London ballet dancer, has sued the Hon. Dudley Majoribanks for $100,000 for breach of promise. It is said Senator Vest will not be a candidate for delegate-at-large to the Democratic National convention. Richard Croker was banqueted and presented with a loving cup by Tammany hall. The leading Democratic politicians were prssent. A company is forming to erect and operate an anti-trust zinc furnace at Webb City, Mo. The Missouri Democrats in Congress elected Mr. Dockery their member of the Congressional Campaign committee. Senator Dubois' resolution tochange the Senate rules concerning distribution of appropriation bills was defeated by a vote of 40 to 28. John Shea, a pension clerk. committed suicide by shooting himself. The White Earth and Red Lake Indian reservations are to be opened for settlement May 1. Emperor William has signified the acceptability of Assistant Secretary Uhl as ambassador to Germany. The Populist Senators have decided to vote in a body against recommitting the silver substitute for the tariff bill. Mort Eads, a Missouri farmer, who had beena fugitive from justice for two years, surrendered. John Lockwood, a pioneer hotel proprietor of Fort Scott died of heart failure. For nearly thirty years he has conducted the Lockwood house. He leaves a large estate. Charles Wachsmuth, the world's greatest paleontologist in the line.of the crinolds, died suddenly at Burlington, Iowa, aged 66. The Excelsior Manufacturing company of St. Louis, the largest stove making concern in the West, has assigned. Assets will more than cover liabilities. The Delaware bank of Valley Falls, Kan., has failed. Scott Jackson and Alonzo Walling, held for the murder of Pearl Bryan, throw the burden of the crime upon each other. Rev. Thomas Cooper of the Huntley Methodist church of St. Joseph, Mo., has been suspended, pending investigation of several charges. A charge of dynamite was exploded under the residence of T. D. Stinson, a wealthy resident of Los Angeles, Cal A monument has been erected in Arlington in honor of General Abner Doubleday by the soldiers who served under him. Secretary Lamont has sent to congress a statement of needed coast defenses, saying that $25,000,000 could be profitably used in this connection between this and June 30, 1897. England has instructed her minister at Rio Janeiro to recognize Brazil's ownership of Trinidad. Two were killed, one fatally and two slightly wounded in a riot among Hungarians at Whiting, Ind. Secretary Hoke Smith appeared before the Committee on Pacific Railway's Indebtness. He advocated foreclosure and expressed himself as opposed to Government ownership. At Black Jack, Texas, women wrecked with axes two places where it was said whisky was sold. Enemies of the Southern Pacific say that there is a good chance of the Kentucky Legislature recalling the road's charter. Mrs. Georgiana Joy, mother of Congrassman Joy of St. Louis, died at Jacksonville, Ill. Ex-United States Treasurer Huston's bank at Connersville, Ind., the Citizens, has assigned. Standard Oil company has crushed a rival in the Scotch oil combine. Investors lose heavily. Deputy Marshal Ed Thurlow was shot dead at Duncan, Ok., while attempting to make an arrest. A mining company has been formed to tunnel under the city of Butte, Mont., for silver and copper. Bolivia objects to Brazil's proposal that President Cleveland arbitrate their boundary line dispute. Three St Joseph letter carriers were suspended and are likely to be removed within ten days. Others were "laid off' for twenty days for lesser

4. February 20, 1896 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, February 20, 1896

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VALLEY FALLS BANK OPEN. Stockholders Have Raised Money and Will Run It. The Delaware Bank at Valley Falls, which failed two weeks ago, will soon be open for business again with an increased capital stock. The stockholders of the bank who are wealthy men have notified Bank Commissioner Breidenthal that they have raised $27,000 in addition to their other resources and have paid off all their depositors in full. In addition to that they have secured additional stock subscriptions and will reorganize with a new capital stock of $20,000. The old bank had but $10,900 capital, with $8,000 surplus. Commissioner Breidenthal will go to Valley Falls Friday to open the reorganized bank.

5. February 22, 1896 The Langston City Herald Langston, Guthrie, OK
Article from The Langston City Herald, February 22, 1896

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mentary party, but he is unwilling to do so. Birdie Sutherland, a London ballet dancer, has sued the Hon. Dudley Majoribanks for $100,000 for breach of promise. 'It is said Senator Vest will not be a candidate for delegate-at-large to the Democratic National convention. The Brazos river is again rising. Three lives are known to have been lost. Dallas business men have subscribed $10.000 to pay the Texas State Fair debt. The Indiana Democratic Editorial Association voted down a silver resolution, 18 to 8. Fire at McKeesport. Pa., destroyed a theater and the Herald plant. One life was lost. The Turks are impeding relief work for Armenians. John Shea, a pension clerk, committed suicide by shooting himself. The White Earth and Red Lake Indian reservations are to be opened for settlement May 1. Senator Dubois' resolution tochange the Senate rules concerning distribution of appropriation bills was defeated by a vote of 40 to 28. Richard Croker was banqueted and presented with a loving cup by Tammany hall. The leading Democratic politicians were present. A company is forming is erect and operate an anti-trust zinc furnace at Webb City, Mo. The Missouri Democrats in Congress elected Mr. Dockery their member of the Congressional .Campaign committee. Charles Wachsmuth. the world's greatest paleontologist in the line of the crinolds, died suddenly at Burlington, Iowa, aged 66. The Excelsior Manufacturing company of St. Louis, the largest stove making concern in the West, has assigned. Assets will more than cover liabilities. The Delaware bank of Valley Falls, Kan., has failed. Scott Jackson and Alonzo Walling, held for the murder of Pearl Bryan, throw the burden of the crime upon each other. Rev. Thomas Cooper of the Huntley Mothodist church of St. Joseph, Mo., has been suspended, pending investigation of several charges.

6. March 23, 1898 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 23, 1898

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COLD CURE TRIAL OF H. D. BUTTS. Man Who Loaned $2,000 to the Topeka "Press" IS Arraigned. Before Justice of the Peace Zimmerman of Valley Falls, Tuesday, Halleck D. Butts, late cashier of the Delaware bank of Valley Falls, was given his preliminary hearing on 12 charges of embezzlement from the bank. He was bound over to the district court on nine counts of embezzlement, and his bond was fixed at $10,000. He and his attorneys went. to Holton in the afternoon to apply to Judge Myers for a writ of habeas corpus. Halleck D. Butts was cashier of the Delaware bank of Valley Falls from 1883 to 1896. At the latter date the bank assigned, and farmers who had been stockholders in it were required to pay $28,300 to make good their deficit. It is claimed that from the time he was elected cashier of the bank, in 1889, he conducted it as a private business. To M. P. Hillyer of this city it was shown in the testimony that he loaned at different times without security the following sums of money: $13,500, $12,000, $750, $1,170 and $3,000. To J. B. Chapman, who was then editor of the Topeka Press, he loaned $2,000 on a printing press. This was introduced at the trial. D. F. Piazzek of Valley Falls was the complaining witness in the case. His father, J. M. Piazzek, was president of the bank, and is a wealthy capitalist of Valley Falls. Halleck D. Butts is a handsome man of affable manner, and was well known throughout the state.