f1c92bdcNone
Click image to open full size in new tab
ANOTHER BANK QUITS. The First National Bank of Welling:on, Kad., Suspends Business, WELLINGTON, Kan, Oct. 22-The First National bank of this city closed its doors at 10 o'clock this morning by order of the directors. The bank has been doing business since 1883 with a capital stock of $50,000. A gradual shrinkage of business is responsible for the suspersion. The deposits amout to about $31, 000,
Click image to open full size in new tab
Kansas Bank Suspension. Wellington, Kas., Oct. 22.-The First National bank of this city was closed at 10 o'clock this morning by order of the directors. The bank has been doing business since 1883 with a capital of $50,000. A gradual shrinkage of business is responsible for the suspension. The deposits amount to about $31,000.
Click image to open full size in new tab
BANK FAILURES The Tacoma Bank Has $1.10 on Hand-A Kansas Failure TACOMA, Wn., Oct. 2%.When S. R. Balkwill took formal possesson of the closed German-American bank today he found but $1.10 in cash on hand and no account books. The city had over $58,000 on dposit. and it was the demand for this money that caused the bank to fail. WELLINGTON. Kao., Oct. 22. - The First National bank of this city closed its doors at 10 orlock this morning, by order of the directors. The bank had been duing business since 1883, with a capital of $50,000. A gradual shrinkage in its business is responsible for the suspencion. The deposits amount to about $31,000.
Click image to open full size in new tab
Kansas Bank Suspends. Wellington, Kan., Oct. 22.-The First National bank of this city closed its doors today by order of the directors. The bank has been doing business since 1883 with a capital of $50,000. A gradual shrinkage of business is responsible for the suspension. The deposits amount to about $31,000.
Click image to open full size in new tab
Bank Suspended. The controller of the curency Is informed of the suspension of the First National Bank of Wellington, Kans. Bank Examiner Sawyer is in charge. The bank has a capital of $50,000, and at last report had a surplus of $32,500.
Click image to open full size in new tab
WASHINGTON, Oct. 24.-The comptroller of the currency has received a telegram announcing the suspension of the First National bank of Wellington, Kan. Bank Examiner Sawyer was placed in charge. The bank has a capital of $50,000, and at last reports had a surplus of $32,500.
Click image to open full size in new tab
BUSINESS WAS PLAYING OUT. First National Bank at Wellington, Kan. Closed by the Directors. Wellington, Kan., Oct. 23-The First National bank of this city closed its doors this morning by order of the directors. The bank has been doing business since 1883, with a capital stock of $50,000. The gradual shrinkage of business is responsible for the suspension. The deposits amounted to about $35,000. Washington, Oct. 22.-The comptroller of the currency today received a telegram announcing the suspension of the First National bank of Wellington, Kan Bank Examiner Sawyer was placed in charge. The bank has a capital of $50. 000 and at last report had a surplus of $32,500.
Click image to open full size in new tab
Kansas Bank Closed. WELLINGTON, Kas., Oct. 22.-The First National bank of this city closed its doors by order of the directors. The bank has heen doing business since 1883 with a capital stock of $50,000. A general shrinkage of business is responsible for the suspension. The deposits amount to about #31,000.
Click image to open full size in new tab
Receiver for a Wellington Bank. WASHINGTON, Oct. 26.-The Comptroller of the Currency has appointed J. Sam Brown of Sedalia Mo.. receiver of the First National bankof Wellington, Kan., which suspended payment on the 21st inst.
Click image to open full size in new tab
ANOTHER BANK CLOSED. The First National, at Wellington, Kan., Will Be Wound Up. WELLINGTON, Kan., Oct. 23.-The First national bank of this city closed its doors at 10 o'clock this morning by order of the directors. The bank had been doing business since 1883, with a capital stock of $50,000. A gradual shrinkage of business is responsible for the suspension. The deposits amount to about $31,000.
Click image to open full size in new tab
WELLINGTON, KANSAS, BANK CLOSES radual Shrinkage of Business the Cause Assigned. Wellington, Kan., Oct. 22.-The First National bank of this city closed its doors at 10 o'clock this morning by order of the directors. The bank has been doing business since 1883 with a capital of $60,000. Gradual shrinkage of business is responsible for the suspension. Deposits about $31,000.
Click image to open full size in new tab
Receiver for a Wellington Bank, WASHINGTON, Oct. 20.-The Comptroller of the Currency has appointed J. Sam Brown of Sedalia Mo., receiver of the First National bankof Wells ington, Kan., which suspended pay ment on the 21st inst.
Click image to open full size in new tab
Brown Receiver of the Bank. WASHINGTON, Oct. 26.-The comptroller of the currency appointed Mr. J. Sam Brown receiver of the First National bank of Wellington, Kan., which suspended payment on the 21st inst.
Click image to open full size in new tab
The tangled affairs of the First National bank are being straightened out rapidly under the management of Receiver J. Sam Brown. The fact is due very largely to the skill of Mr Brown in such matters. He has been in the employ of the treasury depart-ment constantly for the past eighteen years as a receiver of insolvent national banks and has always had a number of trusts of this character on his hands; at present he has six of them. And all of these appointments have come to him unsolicited. Moreover, it seems to make no difference what the politics of the administration may be. In fact we don't know what Mr. Brown's politics are or
Click image to open full size in new tab
Wants a Separate Receiver. A suit was filed in district court Tuesday of more than ordinary importance. F. B. Schenck, cashier of the Mercantile National bank of New York City is plaintiff and the Ætna Milling Co, defendant, Defendant gave a note July 1, 1895, to the First National bank of Weilington for $5,000 borrowed money with interest at 10 per cent. This note was sold and assigned to the plaintiff In this case. They bring suit to recover on same and ask for a receiver for the Atna Milling Co. They represent that said Ætna Milling Co. has ceased to do business, and that most of the directors, including the president and secretary have moved away from Wellington and abandoned the property leaving it in the hands of J. Sam Brown. receiver of the First National bank; that said receiver has brought suit in the Wyandotte district court for $10,000 indebtedness against said Ætna Milling Co. and will soon have judgment and be demandinga forced sale of the property of said Etna Milling Co.; that said property is worth perhaps $25,000 and that if sold at forced sale the same would not bring over $10,000 or $12,000 thus leaving nothing to pay said $5,000 note due plaintiff. Wherefore they ask that a receiver for the property may be appointed to take charge of the property, operate or rent it and manage same to best advantage until the same can be sold at a satisfactory price. C. E. Elliott is the attorney for plaintiff. W. T. McBride was appointed Receiver.
Click image to open full size in new tab
o'clock to see if there was any signs of the fire but he found none. It is supposed that the fire smouldered in the trash all night and fanned by the fierce winds that were raging all day soon started a big blaze. Mr. Austin lost some feed and a few tools. Mr. Davis had no insurance on the barn. The department made a good run. The water pressure was not very good. Mrs. H. R. Wightman. living near the waterworks station, met with an accident last Thursday that might have proven fatal. She was working with gasoline, near a fire, when the oil exploded and flashed into her face, severely burning it. Her eyebrows and hair were badly burned. The fiames ignited her dress, but she succeeded in extinguishing them before any further injury was done. Charles Humphrey is in receipt of a letter from his brother, Harry, who is in Minnesota, in which he says that they have had but very little rain since he has been there and that the wind blows much worse than it does here; that at times you cannot see the sun for the dust that is flying in the air. He says he notices that Kansas is having lots of rain, and asserts that it is on account of his absence. He says that Kansas always had plenty of rain until he took up his residence here. but while he lived here it was withheld-or in other words he brands himself a "Jonah." The following assessment has been made upon the stockholders of the First National Bank of this city by the comptroller of the currency: Fifty thousand dollars, to be paid by them ratably on or before the 17th day of April, 1896, and a demand made upon each and every one of them for $100 upon each and every share of the capital stock of said association held or owned by them at the time of the failure, the receiver, J. Sam !Brown, being directed to take all necessary proceeding, by suit or otherwise, to enforce to that extent the individual liability of the shareholders,
Click image to open full size in new tab
Thursday on account of insufficient papers. They agreed, however, to turn over the property to the Arkansas City bank as ordered. Geo A. Puckett, who was for more than a year manager, assistant editor and foreman of the VOICE, writes us that he is sick of Arkansas, and would like to have a job on some good Kansas paper. George is a good all-round man, and we can cheerfully recommend him. tf J. Sam Brown, receiver of the Sumner National and First National banks of Wellington, and a half dozen others, strange as it may seem, is a Republican. He draws a salary from all of them. A good gold standard Republican and a good gold standard Democrat can get mighty close together these days. The Populist and Free Silver parties at the Wellington township primary, nominated for their township candidates, the following persons for the respective offices: Trustee, Geo. W. Bailey; clerk, A. J. Banks; treasurer, J. F. Ruggles: justices, T. B. Nicholson, J. M. Ready; constables, John Treft, S. F. Utz. The jury in the case between the Stock Exchange bank VS. the Frisco railway, involving the title to the right of way and track of one mile of said road at Blackstone, came in at noon Thursday with a verdict favoring the bank in the sum of $4,851.17. The company would certainly have been wise to have paid off the balance on that mortgage, rather than to have been compelled to buy back this part of their railroad Some of our Republican friends are finding fault with O. P. Hubbard of Chikaskia township, for calling Chester I. Long a "yaller dog." We hope Populists will refrain from using such phrases. The feelings of Republicans are somewhat tender just now and there is no use lacerating tbem un. necessarily. Then, too, Herr Most has joined their party and they have suddenly quit calling us anarchists and repudiators, hence there is no cause for retaliation. Stop it, boys! stop it! A pleasant surprise was given Mrs. R. F. Plummer last Wednesday at her residence four miles northwest of the this city. The occasion was the aniversary of her birth. After a bountiful supply of the inner man the company were highly entertained with music. Mrs. John Dawson presided at the organ and Mr. Upson with the violin; recitations by Misses Lena Fuller and Cora Plummer. Those present were Mr. and Mrs. Andy Banks and father, Mr. and Mrs. John Camp, Mr. and Mrs. Robert Camp, Mr. and Mrs. E. B. Dawson, Mr. and Mrs. John Dawson, Mr. and Mrs. Wm. Dugan, Mr. nd Mrs. J. K. Moore, Mr. and Mrs. Upson, Miss Fuller. Mr. and Mrs. Van Deln, Mr. and Mrs. Dr. Reid, and children galore. At a late hour the guests departed for home after having spent a pleasant evening. In June last, Wm. J. Swartz and wife of Sioux City, Iowa, were here on a visit to Wm. Wise, who is a brother of Mrs. Swartz. Mr. Swartz met a good many people here and will be remembered as an enthusiastic McKinley man at that time. He was an old soldier, serving throughout the war. The St. Louis gold standard platform knocked him out. Mr. Wise received a letter from him a day or two ago which concludes as follows: "I am pleased to know that you are with us on the silver question. 1 will speak here for the candidates nominted at Chicago, and it is possible that I may stump this congressional district. Leave the money issue out of the question, patriotism alone should impel a good citizen to vote for Bryan and Sewell. McKinley and his followers should pull down the stars and stripes and hoist the red cross of St. George. Practically, they stand cap in hand asking John Bull to please determine what shall be the financial policy of the United States,
Click image to open full size in new tab
BARNEY SHERIDAN'S JOB. Appointed Receiver of Two Defunct Wellington Banks. Wellington, Feb. 5.-Barney Sheridan of the Paloa Spirit has been appointed receiver of the First National and Sumner National banks of this city. J. S. Brown, the former receiver, has been appointed receiver of a bank in Helena, Mont. Mr. Sheridan was not an applicant for these places, but he happened to be in Washington at the time the vacancies occurred and Eugene Hagan of Topeka happened to be there with him and the appointment was made.
Click image to open full size in new tab
You'll Like It. ure to like this shoe, at the price, $2.00. You have t's equal. It is a man's shoe, fine stock, solid it, a good fitter. In congress and lace. Buttrey's COUNTY. us that this mode of catching fish has to cease. It is unlawful to take fish from streams by any means other plaining of la than a plain hook and line, except when specifically provided by law. was in town Mr. McBride further informs us that a very rigid law protecting fish ute sick with likely to be enacted by the present leg islature, and at no time will trout-line ine was in the fishing be tolerated. George Wood entertained a few of rned from his his friends at the Indiana banquet t. parlors Monday night after the show. Brown, deceasAn elegant supper was served in five ay. courses by Albert Solomon, the caterhens 7 cents at er. Those present were Mr. and Mrs. in. Ed Smith, Mr. and Mrs. Elmer Layne, Mr. and Mrs. E F. Higgins, Mrs. am of horses Vanhorn, Lida Vanhorn and DeWitz ay. Vanhorn, George Wood. ewell, was in isiness. There appears to be quite a movement in real estate circles lately. Argonia ClipLast night Dr. Hunt purchased the erday. Chenoweth farm east of the city, and il meet Friday Rev. Frank Talmage of Gainesville, N. Brown. Tex., has purchased the Staub proplington don't erty in the First ward. Rev. Talallery and see. image is a Christian minister. It is has returned stated that he will remove to this city ith friends in with his family in the near future. Thomas Monley, who is just recovand Mrs. Sumering from a severe and prolonged ather and child tack of the grip, says that the best way to battle with this disease is to avoid all unnecessary exertion and n VS. Barney confine yourself to a room of even ntinued until temperature. When you think you are well you are only at the half-way Marshal Rowhouse, and if a relapse occurs and the city Monyour name isn't Dennis, you feel like SS you wish it was. d from WichCounty Superintendent McLaughlin med his posiis hearing arguments in the school nert. districts boundary dispute in ChikasS must be SO kia township today. O. D. Newman, ng the finest L. B. Coryell and H. Richards are up llington. today in connection with the matter. ry enough to Districts 191 and 75 are involved. The weeks. Bring hearing of the dispute over 31 and 141 McKee. is set for March 9. The latter two t pounds was districts are in Walton and Guelph townships.-Journal, 10th. a Holmes, livTuesday. Barney Sheridan, successor to J. yers and C.C. Sam Brown as receiver of the defunct re in the city First National and Sumner National court business. banks, arrived in the city this mornBelle Plaine, ing from Paola. J. Sam Brown is 5 visit friends expected here tonight and will formod entertainally turn over the books and other papers to him. Mr. Sheridan informs the Journal that he will begin evening for active work tommorrow morning to e. He has sewards settling up the affairs of these with a promibanks and put forth every effort to ansylvania oil pay off depositors at the earliest date possible. He will devote his entire who has been attention to that purpose and remain Irs. E. F. Higin the city until it is accomplished.left over the Journal, Tuesday. day for her The Heywood entertainment given at the auditorium last night taken as d Wellington a whole, was only fair. There are some as foreman of excellent artists with Heywood, howDaily. Cal's ever, and the audience was well pleastypographical ed with the entertainment. Miss in every deBlanche Steele's piano recitals were very good. Flora Drescher's violin red in the city solos were better. She was repeatedly ille, to visit encored. Harry Talley, the tenor, has nds. She will a rich voice and his songs were favorat Argonia. ably received. Heywood as an impern dressmaking sonator, is good, but his impersonations offeyville. were not all first-class. There was w trial in the little excuse for him inflicting "Hulda rris VS. Wm. Jane" on a Wellington audience. His A. H. Kinkaid, character as an old woman was real F. Whicker, good. The "Grandfather Pelgen" ortland church was a very meritorious recital and condistrict court tained difficult roles, which the audience appreciated.-Journal 10th. to arrive
Click image to open full size in new tab
FIRST NATIONAL DIVIDEND. A Distribution of Twenty Per Cent to be Made to Depositors in the Defunct First National Bank. The comptroller of the currency has ordered a dividend of 20 per cent to be made to depositors in the defunct First National bank of this city. The checks have been made out and signed by the comptroller and are now in the hands of Receiver Sheridan ready for distribution. This is the first dividend that has been declared to depositors in the First National bank since its failure, October 22, 1895, nearly two years ago. The bank will probably be able, under good management, to pay another dividend of 20 per cent, which is about all the depositors will ever realize. It IS hard to tell when the next dividend will he made. The bank owes its creditors about $50,000, besides offsets one way and another. Its nominal assets are three times this amount, but most of its notes are worthless. The bank has three farms, a brick business building, a residence property and other minor holdings besides bank notes and claims against several stockholders who have not paid the 100 per cent assessment. Little can be realized from this, however, but under such conservative management as Mr. Sheridan has shown in handling the affairs of this and other banks, it is safe to say that a total of at least 40 per cent will eventually be paid to First National depositors.
Click image to open full size in new tab
LEBANON BANKER SUED AN ASSESSMENT ON KANSAS BANK STOCK INVOLVED. It Is Claimed that George W. Baird Transferred His Stock When He Knew of the Bank's Insolvency. Late yesterday afternoon Albert J. Beveridge, for Bernard J. Sheridan, receiver for the First National Bank of Wellington, Kan., filed suit in the Federal Court for $5,000 and interest on that sum since March 17, 1896, against George W. Baird, president of the First National Bank of Lebanon, Ind., and his son-in-law, Joseph P. Coverdale. The complaint charges Baird with trying to evade payment of an assessment on stock amounting to $5,000 in the Kansas bank. The complaint sets out that the controller of the currency appointed J. Sam Brown receiver for the Wellington bank Oct. 24, 1895, and afterward, Feb. 2, 1897, appointed Bernard J. Sheridan in his place. It alleges that Baird had sixty shares of stock in the bank and that he transferred ten shares to his daughter, Josie B. Saltzgaber. He was president of the Wellington bank for the first two years of its existence, and for a long time afterward was a director. It is claimed that he had constant correspondence with the cashier of the bank and was closely informed of its affairs. When the bank entered into a period of extreme shakiness and the necessity for closing its doors drew nearer and nearer Baird knew of it, the complaint alleges, and tried to answer the appeals of the cashier for funds by borrowing from insurance / companies. It is claimed that he advised the cashier, when the failure of the bank became a matter a few days off, to turn over to the commissioners of Sumner county, Kansas, the assets of the bank in order that Baird might not be held liable for bonds which he had signed, insuring the county's funds deposited in the bank. April 20, 1895, the complaint alleges, Baird transferred to Coverdale the fifty shares of stock which he had retained in order that he might not be assessed when the bank failed. The doors of the bank closed, a receiver was appointed and an assessment of 100 per cent. made on the stock, the face value of which is $100 a share. Baird's old stock showed on the books of the bank as having been transferred to Coverdale. When, it is further claimed, demand was made for the assessment it was found that Coverdale was totally unable to pay. The controller of the currency advised that suit be brought against the two men asking that the transfer be set aside and judgment given for $5,000 and interest. It is alleged that when Baird transferred the stock he knew that Coverdale was unable to pay any assessment, and the court is asked to declare that Baird is still liable for assessment as a stockholder of the defunct bank.