Labette State Bank (Labette, KS)

Episode Information

Episode UID
83112771494
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8311277 routing
Routing Number
83-1127
Start Date
June 12, 1924
Location
Labette, Kansas (37.231, -95.184)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8e4429518afe69f2

Response Measures

None

Description

Bank is explicitly listed as in receivership; judge's order reduces receiver/attorney salaries.

Events (1)
1. June 12, 1924 Receivership
Newspaper Excerpt
McElroy is assistant receiver for ... the Labette State bank in Labette.
Source
newspapers

Newspaper Articles (2)
1. June 13, 1924 Kansas City Journal Kansas City, MO
Article from Kansas City Journal, June 13, 1924

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Article Text

BANK RECEIVER'S SALARY REDUCED OSWEGO, KAS., June 12.—District Judge Elmer C. Clark in decisions today relative to the conduct of banks in this district, which are in receivership, ordered the salary of F. A. McElroy, assistant receiver of three banks, reduced $50 in each instance, a total reduction of $150 a month. McElroy is assistant receiver for the C. M. Condon bank in Oswego, the Farmers and Merchants bank in Chetopa and the Labette State bank in Labette. Elmer W. Columbia, who is attorney for the Labette State bank and for the Farmers and Merchants bank, also suffered a salary reduction of $100 a month. He filed notice for a new hearing. The salary of W. S. Hyatt, attorney for the Bartlett State bank, was cut from $200 to $100 a month. A further order was entered, requesting McElroy to explain his expense account. Judge Clark suggested that C. J. Patterson, state bank examiner, place one receiver in charge of the six banks of the district, clerks and attorneys to be employed for each bank when needed.

2. June 13, 1924 The Kansas City Star Kansas City, MO
Article from The Kansas City Star, June 13, 1924

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Article Text

BANK RECEIVERS GET LESS. Kansas Judge Orders Reduction in Salaries. OSWEGO, KAS., June 13.—District Judge Elmer C. Clark, in his decision on salaries of bank receivers, yesterday ordered the salary of F. A. McElroy, who is assistant receiver of the C. M. Condon Bank at Oswego, the Farmers and Merchants Bank at Chetopa and the Labette State Bank at Labette cut to $50 a month for each, a total of $150. McElroy also is receiver for banks at Hallowell and McCune, in adjoining counties. He was asked to explain his expense accounts. W. S. Hyatt, attorney for the Bartlett State Bank, had his salary cut to $100 a month. Elmer W. Columbia, attorney, had his salary cut to $100 a month for the Labette State Bank and the Farmers and Merchants State Bank. Columbia filed notice of a motion for a new trial. Judge Clark also advised the state bank commissioner, C. J. Peterson, that he had better put one assistant receiver in charge of the six failed banks of the section because all were within easy access of Oswego, and let him employ clerks for each bank and attorneys when needed.