Piper State Bank - Piper, KS

Episode Information

Episode UID: 83119171627
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 8311917 routing
Routing Number: 83-1191
Start Date: July 6, 1935
Location: Piper, Kansas (39.143, -94.861)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 4377b69008d60d4b

Response Measures

None

Description

Receiver was involved and bank failed; article describes receiver recovering notes.

Events (2)

1. July 6, 1935 Receivership

Newspaper Excerpt: Later the bank receiver demanded return of the notes and they were delivered to him. The district received 25 per cent of its deposits in dividends paid by the receiver.
Source: newspapers

2. July 6, 1935 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed and receiver was appointed; cashier substituted bank notes for deposits and receiver reclaimed them.
Newspaper Excerpt: The Piper bank was a 1-man institution. ... The day before the bank failed Vining presented two checks totaling $2,573.37. The bank cashier induced Vining to accept notes held by the bank instead of money. Later the bank receiver demanded return of the notes and they were delivered to him.
Source: newspapers

Newspaper Articles (1)

1. July 7, 1935 Kansas City Journal Kansas City, MO

Article Text

OFFICIAL CANNOT TRADE BANK NOTES FOR SCHOOL FUND Kansas Supreme Court Rules Against Vining in Wyandotte County. From the Journal-Post Topeka Bureau. TOPEKA, July 6.—Public officials entrusted with funds which have been deposited in banks have no authority to negotiate for or accept securities of a bank in lieu of deposits. In establishing that point Saturday the supreme court denied to the Piper rural high school district of Wyandotte county the right to claim bonds of the Piper State bank which had been turned over to the school district trustee in exchange for checks drawn against the district's account. The Piper bank was a 1-man institution. E. G. Truskey was cashier of the bank. W. B. Vining was a director of the bank and also school district treasurer. The day before the bank failed Vining presented two checks totaling $2,573.37. The bank cashier induced Vining to accept notes held by the bank instead of money. Later the bank receiver demanded return of the notes and they were delivered to him. The district received 25 per cent of its deposits in dividends paid by the receiver. KANSAS SUPREME COURT RULES FOR LIBERTY OF PRESS Editor Has Right to Discuss Record of Candidate, Judges Decide. From the Journal-Post Topeka Bureau. TOPEKA, July 6.—An editor has the right to discuss records of candidates for public office, the Kansas supreme court ruled Saturday. In upholding the freedom of the press the state's highest tribunal found in favor of Fay N. Seaton, publisher of the Manhattan Mercury, reversing a verdict by a jury in the Riley county district court in which Hurst Majors, former mayor of Manhattan, had been awarded $1,750 damages in his $30,000 libel suit against the editor.