International Loan & Trust Company (Kansas City, MO)

Episode Information

Episode UID
7321393791161
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
732139379 hash
Start Date
September 25, 1896
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f4a605a7a0662e1b

Response Measures

None

Description

The company filed a deed of trust for creditors, effectively suspending operations and liquidating assets.

Events (1)

1. September 25, 1896 Suspension
Cause Details
Filed a deed of trust to meet obligations, effectively suspending normal operations.
Newspaper Excerpt
The International Loan and Trust Company, of Kansas City... filed a deed of trust in the recorder's office today for $96,297.
Source
newspapers

Newspaper Articles (2)

Article from The Atlanta Constitution, September 28, 1896

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Article Text

FAILURES INCREASE More Business Embarrassments Than Last Week Showed. TRADE UNSTEADY AND EASY Some Sections Show a Fair Condition. Demand Alone Causes Mills To Produce Anything. New York, September 25.-Bradstreet's tomorrow will say: "In eastern jobbing circles the feeling is one of increased confidence. There is more doing in some staple lines, noticeably at the east, and at a few southern cities. In most other instances purchases continue for immediate wants only. There is little expectation of general revival in business prior to the election. "Throughout the central west and northwest, no material change is reported in general trade features. Exceptions are at Cincinnati and St. Louis, where the demand for staples is larger. "Savannah and Augusta report a marked increase in volume of business, both wholesale and retail, with satisfactory collections. Memphis and Galveston report moderate gains in demand and sales. Improvement is shown in various commercial and industrial lines at New York, Boston, Providence and Pittsburg. "The general higher tendency of prices of staples continues. The bank clearings gauge of the volume of business brings an expected decrease as compared with last week, the falling off amounting to more than 5 per cent, the total for six days ending September 24th, being $533,000,000. The decrease this week compared When the corresponding week in 1895 is 14 per cent. THE TOTAL NUMBER OF BUSINESS FAILURES THROUGHOUT THE UNITED STATES CONTINUES LARGE, 321 THIS WEEK, COMPARED WITH 315 LAST WEEK, AND 198 IN THE FOURTH WEEK OF SEPTEMBER, 1895. Loan and Trust Company Fails. Kansas City, Mo., September 25.-The International Loan and Trust Company, of Kansas City, with offices at Delaware street and Missouri avenue, filed a deed of trust in the recorder's office today for $96,297. The officers refused to talk about the company's condition. A similar deed was filed in Wyandotte county, Kansas. The deed of trust covers numerous tracts of real estate in Kansas City, farm lands in Texas and other states and a long list of notes and securities. It provides that the trust company is to have until December 1, 1896, in which to meet its obligations. Moore Bros. Trouble Fixed. Chicago, September 25.-At a meeting of brokers interested in Diamond Match and New York Biscuit stocks, held yesterday, the committee having the matter of settlement in charge was authorized to accept the pool's terms. Very little opposition was offered and the outlook seems favorable for an amicable adjustment of the difficulty at an early date The proposition made the pool was that It should put up from $150,000 to $175.000 capital and that Moore Bros. should have notes in sufficient amount to clear the transactions in Match at $200 and in Biscuit at $80. Big Flour Mills Shut Down. Cleveland, O., September 27 -The Broadway Flour Milling Company shut up shop and went out of business yesterday, and will liquidate its present indebtedness. Its plant, machinery and stock are now for sale. Three Failures in Defiance, Ohio. Defiance, O., September 7.-The Tiedman Furniture Company incorporated with a capital stock of $100,000, made an assignment yesterday. Two other failures followed that of the furniture company, although in no way connected with it. They were the M G. May Grocery Company, the stock being turned over to the Defiance Grocery Company to satisfy debts, and the Hotel Russell, which discontinued business last night. Little Rock, Ark., September 27.-The wholesale dry goods house of Wolf & Bros., the largest exclusively wholesale business of the kind in Arkansas, was closed by attachments last night. No statement of assets and liabilities. Topeka, Kas,, September 27.-Two bank failures were reported to the state bank commissioner yesterday, one at Argonia and the other at Tribune, Greely county. The latter reported liabilities amounting to $6,000 Its capital stock is $5,000. No cause is assigned for the failures other than a gradual shrinkage of business In the western part of the state. Gold Coming to the United States. New York, September 21-The steamship La Gascogne, which arrived from Havre, brought $500,000 in gold consigned to Lazard Freres. The Bank of British North America announces that it will have a consignment of $500,000 in gold on the steamship Teutonic, leaving Europe Wednesday. New York, September 22.-Seligman & Co. will receive $100,000 gold by the steamship St. Paul now on the way hither. The sum of $1,000,000 gold was deposited at the sub-treasury today in exchange for greenbacks. The steamship Teutonic, leaving Europe


Article from Delaware Gazette and State Journal, October 1, 1896

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Article Text

# IN GENERAL. James Munroe, ex-Mayor of Annapolis, Md., died Sunday night. Senator Vilas is quoted as saying that Wisconsin will go anti-Bryan by 50,000. Peter Kemm murdered his wife in Buffalo on Friday and then committed suicide. Arthur J. King of R. G. Dun & Co. died at Bloomfield, N. J., Monday morning. The building of the Northern Illinois College was destroyed by an incendiary fire Saturday. Elkins Bros.' grist mill elevator, at Chicago Junction, Ohio, was burned Sunday. Loss, $100,000. The Cincinnati brokerage firm of William E. Hutton & Co. is reported to be financially embarrassed. Harry Conway of Clinton, Ia., was killed in Chicago Thursday by Grace Clark, who also killed herself. The Populist-Democratic fusion agreement in Louisiana gives the former party four of the electors. The International Loan and Trust Co. of Kansas City has filed a deed of trust for $96,000 to protect its creditors. The wooden "elephant" at Coney Island was destroyed by fire Sunday night. The loss is estimated at $18,500. F. O. Prince has been selected by the Massachusetts Sound-Money Democrats as their candidate for Governor. Joseph Wallace, aged 81 years, of Atlantic City, committed suicide Thursday by shooting himself in the head. W. F. Kearns of Mifflin has been nominated for Congress by the Democrats of the Eighteenth Pennsylvania district. The mills of the Amoskeag Co., at Manchester, N. H., which employ 8,000 hands, started up on full time Monday. The Rev. Stanisamin Klausski of Buffalo, N. Y., has been elected bishop of the Polish Roman Catholic Church of America. Consider Risely, a farmer, of Vernon, Conn., was buncoed out of $6,000 Saturday by "two men who called to buy a farm." William Moque, a brakeman, was killed in a freight wreck on the Baltimore & Ohio railroad, near Hyattsville, Md., Sunday. The Missouri Populist State Committee Saturday, by a vote of 17 to 10, accepted the terms of fusion proposed by the Democrats. The First National Bank of Springville, N. Y., suspended Saturday in consequence of a run. The bank is believed to be solvent. Three children of Carrie Dobson, colored, were burned to death Saturday in their home in Brookland, a suburb of Washington, D. C. Ex-Attorney General Kirkpatrick was nominated for Congress Monday by the Republicans of the Eighth Pennsylvania district. A Springfield, Mass., dispatch says that Mount Holyoke College was entirely destroyed by fire last night. Loss, $50,000 to $75,000. It is announced that senator Gorman will take the stump in Maryland for Bryan and Sewall. He will confine his speaking to his own State. The Democrats of the Second New Jersey Congressional district have nominated Dr. A. E. Conrow of Burlington county for Congress. The Prohibitionists of the First New Jersey Congressional district have nominated Rudolphus Bingham of Camden county for Congress. An Austin, Tex., dispatch says that reports from all sections of the State indicate that the cotton crop has been seriously damaged by heavy rains. Sylvans Middlebrook, aged 80, of Redding, Conn., was burned to death in a fire that consumed his house, Sunday night. Foul play is suspected. William L. Penick, a prosperous farmer of Yazoo City, Miss., was arrested Monday on a charge of murder committed in 1866 at Russellville, Ala. In New York City Saturday the rear wall of an apartment house, under construction on Madison avenue, collapsed, killing one man and injuring six others. The Otis Co.'s cloth mills at Ware, Mass., which have been running on half time for six months, started up on full time Monday, employing 1,800 hands. Wolf Brothers' dry goods establishment in Little Rock, Ark., has been closed by attachments. Their liabilities will reach $500,000. The assets are placed at $475,000. A surf boat, coming ashore from the stranded steamer De Barry, off Kitty Hawk, N. C., struck a bar and capsized Saturday. Thomas Thomas, aged 38, a native of Swasea, Wales, was drowned. Jare Dotts was found dead on the tracks of a trolley road near Norristown, Pa., Sunday morning, under circumstances indicating that she had been murdered and thrown on the track. Prof. George H. Markoe, one of the originators of the Massachusetts College of Pharmacy, was found dead Friday morning in a laboratory in Boston, having probably died from a paralytic stroke. # The New York Silver Democratic State Committee The New York Silver Democratic State Committee Monday nominated William F. Porter for Governor and Frederick C. Schraule for Lieutenant-Governor. Count Von Goetzen, first lieutenant of Uhlans of the Imperial Guard, and well known as an African explorer, has been appointed military attache of the German embassy in Washington. Bourke Cockran addressed a great meeting in Baltimore Saturday evening and aroused much enthusiasm when he declared: "For my part, I stop at no half measures; I vote for William McKinley." At Cleveland, O., Thursday, Richard Davis, a young business man, and Bart Taylor aged 14 years went on a fish.