9108. Kansas City National Bank (Kansas City, MO)

View Charter #3489 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
3489
Charter Number
3489
Start Date
March 16, 1895
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
590fe91dc3301bd7

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1895-03-18
Date receivership terminated
1908-07-01
OCC cause of failure
Losses
Share of assets assessed as good
20.8%
Share of assets assessed as doubtful
50.0%
Share of assets assessed as worthless
29.2%

Description

Newspapers consistently report that the National Bank of Kansas City experienced heavy withdrawals (notably over $60,000 on a Saturday) after an unfavorable statement (March 5), which led to suspension on March 18, 1895 and subsequent liquidation/receivership (Comptroller appointed receiver in April). I used the provided bank name (Kansas City National Bank) though contemporary papers call it the National Bank of Kansas City. Suspension was a voluntary liquidation leading to permanent closure; depositors were expected to be paid in full via liquidation.

Events (5)
1. April 13, 1886 Chartered
Source
historical_nic
2. March 16, 1895 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady withdrawal of deposits following an unfavorable statement of the bank's affairs published March 5; prior 1893 suspension undermined confidence.
Measures
Bank sought clearing-house assistance (loan discussed); declined broad assistance and elected to suspend to ensure equal treatment of depositors.
Newspaper Excerpt
On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued, they would not be able to continue payment today.
Source
newspapers
3. March 18, 1895 Receivership
Source
historical_nic
4. March 18, 1895 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors and stockholders decided to discontinue business and liquidate after heavy withdrawals and inability to secure sufficient clearing-house assistance.
Newspaper Excerpt
The National bank of Kansas City failed to open its doors this morning... the directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full. (Signed) J. S. CHICK, President.
Source
newspapers
5. April 12, 1895 Receivership
Newspaper Excerpt
The comptroller of the currency today appointed John Perry of Kansas City as receiver of the National bank of Kansas City, Mo.
Source
newspapers

Newspaper Articles (20)
1. March 18, 1895 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 18, 1895

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Article Text

BIG BANK FAILS. National Bank of Kansas City Closes Its Doors. Steady Withdrawal of Deposits Since 1893 the Cause. SUSPENDED BEFORE. The Same Bank Closed During the Panic of '93. None of the Other Banks Will be Affected. KANSAS CITY, March 18.-The National bank of Kansas City failed to open its doors this morning. The direct cause of the failure was the unfavorable statement of bank affairs given out March 5. In the panic of 1893 the bank suspended, but through arrangements between depositors and stockholders it was permitted to resume business. The steady withdrawal of deposits since that time has placed the bank in an embarrassing position and necessitated another suspension. The statement given out is not complete. It shows assets of $1,800,000; liabilities $1,084,000. The Star this afternoon will say editorially that none of the other banks of the city will be in anyway affected, being in splendid condition. Though the bank was known to have been in a shaky condition, the failure was unexpected and the news of the suspension created quite a sensation in financial circles here. The following notices posted on the bank doors were the first intimation the public had that the bank's business had dropped off so much as to force it to close its doors: "10 depositors: The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full. "[Signed,) J.S. CHICK, President." A second notice read: 'To W om it May Concern: "Time bank is in the hands of the unG. W. GALBREATH, dersigned. "Comptroller of the Currency." The following figuressh the gradual falling off in the bank's business since the panic of 1893: On July 12, 1893, the total deposits were $1,990,000; February 28, 1894, $1,777,000; March 5, 1895, $990,000. The total deposits aggregate $400,000; cash on hand yesterday $200,000. The bank is the oldest financialinetitution in the city, having been established by J: H. and W. H. Chick before the war. Until the panic of 1893 it was ranked as one of the strongest banks in d the west. In July, 1893, it succumbed to a run and temporarily closed its doors. n Although the capital was reduced and the stockholders paid in a 50 per cent h assessment in the reorganization, the institution has never recovered from the blow it received at that time and its suspension now is directly attributed to that suspension. The officers of the bank are closeted with several of the heavy depositors at this time. It is understood that it is the f intention to wind up the affairs of the ina stitution and retire from business. e President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lose a cent. Since March 5 the depositors have n been drawing out as they considered S the statement very unfavorable. On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued, they would not be able to cone tinue payment today. f There is 110 probability that any of the other banks will be aflected in any way. t While there was considerable excitement when the suspension was first made public, yet there is the best of feeling among depositors for the officers of the failed institution.

2. March 19, 1895 The Record-Union Sacramento, CA
Article from The Record-Union, March 19, 1895

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BANK FAILURE. A KANSAS CITY CONCERN GOES TO THE WALL. Claim That All the Depositors Will be Paid in Full, With Interest for Their Money. Specialto the RECORD-UNION. KANSAS CITY (Mo.), March 18.-With assets estimated at $1,880,000 and liabilities of $1,050,000, the National Bank of Kansas City, at Fifth and Delaware streets, suspended this morning and will liquidate and go out of business. At the usual hour of opening the bank, 9:30 A. M., the following notice was posted on the door: "The bank has closed." The announcement caused no excitement. A small crowd gathered about the bank, but it soon dwindled away to half a dozen loungers, and an occasional passer-by would read the notice and pass on. Stockholders and depositors called occasionally, and most of them were admitted. In almost every case they would walk to the desk and shake hands with President Chick, who in a few words would explain the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comment. Sinca the publication of the bank's statement on March 5th, depositors have been withdrawing their deposits, and on Saturday evening it was apparent to the officers of the bank that they could not carry on business through the day unloss the Clearing-house came to their assistance with a loan. A meeting of the Clearing-house Association was called yesterday, which was attended by the directors of the National Bank of Kansas City. President Chick said: We paid out over $60,000, and saw that we could not meet the demands this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general, and we consequently declined the assistance. The Bank of Commerce offered to help us, but we had decided to suspend so as to pay all depositors alike, and no person will have an advantage. Every depositor will be paid in full, and no will lose a cent. We will endeavor to have a settlement just as soon as possible.' A prominent member of the Kansas City Clearing-house Association said: "The liquidation of the National Bank of Kansas City in no wise affects the other banks of this city. That the bank would have to liquidate sooner or later has been known for some time. When the bank failed on July 15, 1893, during the panic, it was doubtful whether or not it would open again." The probable assets of the bank are close to $2,000,000, but owing to the fact that much of this is represented by paper and real estate, it will be very slow for collection. In fact the closing of the bank can hardly be termed a failure, but simply a gradual dying out. There is but little doubt but what the depositors will receive dollar for dollar, with interest for their money, although it may be some time before they will get their pay. The current opinion expressed among bankers and others who have information on the matter fixes the amount that will be realized bv stockholders at from 25 to 40 per cent. on their holdings of stock. Cashier Rule of the Bank of Commerce said that telegrams had been sent out by his bank to the country banks who have been customers of the National Bank at Kansas City, informing them that all drafts on the suspended bank will be honored by the National Bank of Commerce. He is also notifying the wholesale merchants of this city that this bank will honor their checks if they SO desire. In the panic of 1893 the national bank suspended, but through an arrangement between the depositors and stockholders it was permitted to resume business. The steady withdrawal of deposits since that time placed the bank in an embarrassing position, causing another suspension. The statement given out shows assets $1,800,000, liabilities $1,050,000. TEMPORARY RECEIVER APPOINTED. WASHINGTON, March -The Comptroller of the Currency to-day received a telegram announcing the suspension of the National Bank of Kansas City. Bank Examiner Galbraith was appointed temporary receiver. The capital stock is $1,000,000, with assets at the face value amounting to nearly $2,000,000, of which $170,000 is cash on hand and due from other banks. The liabilities are estimated at $1,084,0000.

3. March 19, 1895 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, March 19, 1895

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FORCED TO SUSPEND NATIONAL BANK OF KANSAS CITY GONE INTO LIQUIDATION. Its Assets Estimated at $1,880,000 and Liabilities, $1,050,000-Too Much Boom Paper the Cause. KANSAS CITY, Mo., March 18.-With assets estimated at $1,880,000 and liabilities of $1,050,000 the National Bank of Kansas City, at Fifth and Delaware streets, suspended this morning, and will liquidate and go out of business. At the usual hour of opening the bank, 9:30 o'clock this morning, two notices were posted on the door. The first was signed by J. S. Chick, president. It said: "The directors and stockholders of this bank have decided to discontinue bustness. All deposits will be paid in full." The second notice read: "This bank is in the hands of the undersigned." The "undersigned" was G. W. Galbreath, the bank examiner. These announcements caused no excitement. A small crowd gathered about the bank, but it soon dwindled away to a half dozen loungers and an occasional passer-by, who would read the notices, say "That's too bad," and pass on. Stockholders or depositors called occasionally, and most of them were admitted. In almost every case they would walk to the desk and shake hands with President Chick, who would explain the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comments were made. Since the publication of the bank's statement on March 5 depositors have been withdrawing their deposits, and on Thursday evening it was apparent to the officers of the bank that they could not carry on the business through to-day unless the clearing house came to their assistance with a loan. A meeting of the clearing house association was called for yesterday, which was attended by the directors of the National Bank of Kansas City. President Chick said: "Saturday we paid out over $60,000, and saw that we could not meet the demand this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general, and we consequently declined the assistance. The Bank of Commerce offered to help us, but we had decided to suspend so as to pay all depositors alike, and no one person will have an advantage. Every depositor will be paid in full, and no one will lose a cent. We will endeavor to have a settlement just as soon as possible." A prominent member of the Kansas City Clearing House Association said: "The liquidation of the National Bank of Kansas City in no wise affects the other banks

4. March 19, 1895 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 19, 1895

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WESTERN BANK FAILS. The National Bank of Kansas City Forced to Closo its Doors. ONE OF THE STRONGEST BANKS In the West, It was Forced to Suspond During the Panic of 1803-Yester by n day's Husponsion was Caused Withdrawal of Deposits-President Chick's Statement-Th Creditors will be Paid in Full. KANSAS CITY, Mo., March 18.-With and liaestimated at $1,880,000 Bank assets bilities of $1,050,000. the National Delaware Kanens City, at Fifth and and of suspended this morning, streets. will liquidate and go out of business. thobank the usual hour of opening At o 'clock this morning, the door: following 9:30 notices were posted on the Depositors: To directors and stockholders discontinue of busi- this The decided to in full. J. S. (Signed) bank ness. have All deposits will be CHICK. paid President. A second notice read: It May Concern: To This Whom bank is in the hands of the undersigned. C. W. GALBRKATH, (Signed) Comptroller of the Currency. ex. announcements caused gathered no The A small crowd dwindled citement. bank, but it soon an about the dozen loungers, and away to half passer-by & would " and read pass the on. nooccasional "That's too bad,' called occamost tices. Stockholders say or depositors of them were adsionally and In almost every case hands they mitted. walk to the desk and shake a few would President Chick, who situation. in His with words would explain the case satisfacexplanation was in every talk and no There was no loud made. tory. unfavorable comments publication were of the bank's Since the on March 5 depositors have and statement withdrawing their deposits. apparent to been evening it was on Saturday of the bank that they could tothe officers on the business through came to not carry the clearing house A meetday unless assistance with a loan. Association their Clearing House ating of the for yesterday, which National was tended was called by the directors of the Bank of Kansas City. we "Saturday President over Chick $60,000 said: and saw that morn- we was something could paid out not meet the demand done. this Some ing unless banks were anxious to help and us. we of the the feeling was not general The but declined help had decided of Commerce offered so as to consequently Bank to suspend assistance. to one per- us. pay all depositors Every debut will we have an advantage. alike, full, and and no no one son positor will be paid We in will endeavor to will lose settlement a cent. just as BOOD as possible. among hit a current opinion expressed the amount The and other men fixes stockholdbankers will be realized by the of their that from 35 to 40 per cent stockwere in the ers holdings at of stock. directory. The principal holders bank is the oldest financial estab- instiThe city, having been Chick tution lished by in Messrs. the J. 11. the and panic W. H. of 1893 before the war. Until one of the strongest it was ranked in the west. as In July, temporarily 1893, it banks auccumbed to a run and closed its doora. the capital was reduced Although stockholders paid in a 50 per and the assessment in the re-oganization, recovered cent the institution has received never at that time, from its the suspension blow it now is directly attributed and to that suspension. of the bank are closeted Theofficers several of the heavy depositors with aunderstood thatitisthein of the inthistime. to wind up the affairs tention and retire from business. stitution J. S. Chick says that and the President is merely in liquidation cent. suspension a depositor will lose have a been that not March 5 the depositors the Since out, and they considered Saturdrawing very unfavorable. On and statement $60,000 was withdrawn day over saw that if the run continue continthe officers would not be able to probabilpayment ned they to-day. The is banks no will be any of the other was ity that any way. While there suseffected in excitement when the there considerable was first made public, depositors, yet pension best of feeling among of the for is the the officers' show report the falling following figures the bank's business July off the in panic of 1893. On $1,990.since the total deposits were $1,777,000; 12. 1895, Fobruary 29, 1894, total de000; 1894, $990,000. The March to-day 5, aggregated $400,000. posits other banks the suspension affair, At the regarded as an unfortunate effect except was will have no direct the other which tho business of all the weakto increase In banking circles had been banks. condition of the bank the action ened for a long time. and suspenof known the directors in deciding There on were no institutions. sion indications was no of surprise. a run at any of the other A Gambling Transaction.

5. March 19, 1895 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, March 19, 1895

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COULDN' KEEP GOING. The National Bank OI Kansas City Again Closes Its Doors. KANSAS CITY, Mo., March 18.-The National bank of Kansas City failed to open this morning. In the panic of 1893 the bank suspended. but through an arrangement between the depositors and stockholders it was permitted to resume business. The steady withdrawal of deposits since that time placed the bank in an embarrassing position and necessitated another suspension. The statement given out shows assets of $1,800,000; liabilities, $1,050,000. The Star this afternoon will say editorially that none of the other banks in the city will be in any way affected. WASHINGTON, March 18.-The comptroller of the currency to-day received a telegram announcing the suspension of the National bank of Kansas City. Examiner Galbreith was appointed temporary receiver. The capital stock is $1,000,000, with assets at a fact value amounting to neaarly $2,000,000, of which $170,000 is cash on hand and due from other banks. The liabilities are estimated at $1,084,000.

6. March 19, 1895 The Times Richmond, VA
Article from The Times, March 19, 1895

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ANOTHER BIG BANK FAILURE. This Time it is the ational Bank of Kan. *HS City. KANSAS CITY, MO., March 18.-The National Bank of Kansas City failed this morning. The capital of the bank is $1,000,000. No detailed statement of the condition of the bank has been given out. The failure was unexpected, and the news of the suspension created quite a sensation in financial circles. The bank is the oldest financial institution in the city, having been established by Messrs. H. J. and W. J. Chick before the war. Until the panic of 1893 it was ranked as one of the strongest banks in the west, In July, 1893, it succumbed to a run and temporarily closed its doors. A though the capital was reduced and the stockholders paid in a fifty per cent. assessment in the reorganization, the bank has never recovered from the blow it received at that time, and its suspension now is directly attributed to that suspension. According to the statement of the bank March 5th, the deposits were $990,559. The following notice was posted on the bang door: To depositors: The directors and stockholders of this bank have decided to discontinue business. All deposits will be paid in full. J. S. CHICK (Signed) President. It is said that not a depositor here will lose a cent. The official statement was published March 5th. Since then depositors have been drawing out, as they considered the statement very unfavorable. Depositors on Saturday drew out over $60,000, and the officers saw that if the run was continued they would not be able to continuel payment to-day.

7. March 19, 1895 Wheeling Register Wheeling, WV
Article from Wheeling Register, March 19, 1895

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CLOSED ITS DOORS. The National Bank of Kansas City Again Suspends. Kansas City, Mo., March 18.-The National Bank of Kansas City failed to open its doors this morning. The direct cause of the failure was the unfortunate statement of the bank's affairs given out March 5. In the panic of 1893 the bank suspended, but through an arrangement between depositors and stockholders it was permitted to resume business. The steady withdrawal of deposits since that time has placed the bank in an embarrassing position and necessitated another suspension. The statement given out is not complete. It shows assets of $1. 800,000: liabilities 1,050,000.

8. March 19, 1895 The Herald Los Angeles, CA
Article from The Herald, March 19, 1895

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Suspension of a Bank Washington, March 18. - The Comptroller of the Currency today received a telegram announcing the suspension of the National Bank of Kansas City. Bank Examiner Galbreith was appointed temporary receiver. The capital stock is $1,000,000, with assets at face value, amounting to nearly $2,000,000, of which $170,000 is cash on hand and due from other banks. The liabilities are estimated at $1,840,000.

9. March 19, 1895 The Herald Los Angeles, CA
Article from The Herald, March 19, 1895

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BANK CLOSED ITS DOORS A Concern is Kansas City That Went To the Wall The Liabilities Amounted to Over a Million Dollars and the Assets Were Not Equal Crisas City, Mo., March 18.-With asestimated at $1,880,000 and liabilities 01 350,000. the National Bank of KanCity, at Fifth and Delaware streets, Sended this morning and will liquisw and go out of business. At the usual he of opening the bank, 9:30 a. m., 1. CPS of closing were posted on the doors. T resu announcements caused no excitemine A small crowd gathered about the but it soon dwindled away to half a 102 in loungers and an occasional passer In would read the notices and pass on. Stockholders or depositors called occaonly and most of them were admitted. 1:1 nost every case they would walk to the nesk and shake hands with President Chick, who. in a few words. would exInin the situation. His explanation was in every case satisfactory. There was no loud talk and no unfavorable comment. Since the publeiation of the bank's statement on March 5th depositors have been withdrawing their deposits, and on Saturday evening it was apparent to the officers of the bank that they could not carry on business through today unless the clearing house came to their assistance with a loan. A meeting of the Clearing House Association was called for yesteday. which was attended by the directors of the National Bank of Kansas. President Chick said: "We paid out over $60,000 and saw that we could not meet the demand this morning unless something was done. We needed about $600,000 to put us in good standing. Some of the banks were anxious to help us, but the feeling was not general and we consequently declined the assistance. The Bank of Commerce offered to help us, but we had decided to suspend so as to pay all depositors alike, and no person will have an advantage. Every depositor will be paid in full and no one will lose a cent. We will endeavor to have a settlement just as soon as possible.' A prominent member of the Kansas City Clearing House Association said: "The liquidation of the National Bank of Kansas City "in no wise affects the other banks of this city. That the bank would have to liquidate sooner or later has been known for some time. When the bank failed on July 15, 1893. during the panic, it was doubtful then whether or not it would reopen again. "The probable assets of the bank are elose to $2,000,000, but owing to the fact that much of this is represented by paper, and real estate. it will be very slow of collection. In fact the closing of the bank oan hardly be termed a failure, but simply a gradual dying out. There is but little doubt that the depositors will receive dollar for dollar with interest for their money, although it may be some time before they will get their pay." I The current opinion expressed among bankers and others who have information on the matter fixes the amount that will be realized by stockholders at from 25 to 40 per cent on their holdings of stock. Cashier Rule of the Bank of Commerce said that telegrams had been sent out by his bank to the country banks who have been customers of the National Bank of Kansas City, informing them that all drafts on the suspended bank will be honored by the National Bank of Commerce. He is also notifying the wholesale merchants of this city that this bank will nonor their checks if they so desire."

10. March 19, 1895 New-York Tribune New York, NY
Article from New-York Tribune, March 19, 1895

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FOURTEEN PAGES. THE NEWS THIS MORNING. Foreign.-All was quiet in Madrid; Canovas will A probably be the next Spanish Premier. plot to make Antonio Ezeta President of Salvador was discovered last month; many arrests were made and a large number of executions ordered. The revolt in Colombia is reported to have been crushed; the rebel army has surrendered. The warship which fired on the Alliança has been identified as the Spanish cruiser Conde de Venadido. Domestic.-President Cleveland upholds the action of Secretary Gresham in the Alliança affair. Further exposures of corruption at the State House under "Barney" Ford were made before the New-Jersey Investigating Committee at A will of Senator Fair, dated three Trenton. days later than the stolen one, was offered for The probate by counsel for the children. bills of the Committee of Ten for a single-headed Police Department were introduced in the LegisThe National Bank of Kansas City, lature. Mo., suspended. City and Suburban.-The Extraordinary Oyer and Terminer Grand Jury brought in a large number of indictments, but the names of the persons against whom they were found were not given out; a strong presentment severely criticising the police force and Superintendent Byrnes steamer A accompanied the indictments. and a schooner struck on the Romer Shoal; the steamer got off and went to sea, but the schooner stuck fast. Irishmen celebrated St. Patrick's Day by a parade and a large number of Mayor Strong appointed Jacob meetings. W. Mack to succeed Randolph Guggenheimer in "Tim" Campbell the Board of Education. made an attack on Judge McAdam in his testimony in his contest for H. C. Miner's seat in The stock market advanced, the Congress. entire list showing improvement. The Weather.-Forecast for to-day: Cold and westerly winds. Temperature yesterday: Lowest, 31 degrees; highest, 41; average, 36%.

11. March 20, 1895 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 20, 1895

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Stockholders the Only Losers. KANSAS CITY, Mo., March.19.-At - the National Bank, of Kansas City, a force of clerks were at work to-day getting accounts in shape to wind up the bank's business. A receiver will be appointed as soon as the unfinished daily business of the bank that was in progress at the time of the failure has been disposed of, which will be in a few davs. The failure did not make a ripple financially here, except to increase business. Estimates in financial circles to-dav were that the stockholders would sustain a loss of 60 to 75 per cent while depositors would be paid in full.

12. March 21, 1895 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, March 21, 1895

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National Bank of Kansas City Suspends. KANSAS CITY, Mo., March 19.-With assets estimated at $1,880,000 and liabilities of $1,050,000, the National Bank of Kansas City, at Fifth and Delaware streets, suspended business this morning. and will liquidate and go out of business. The assets are said to be ample to pay depositors in full. J. S. Chick is president of the suspended bank.

13. March 22, 1895 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, March 22, 1895

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KATY MUST PAY Texas Fever Damages as Fixed by Jury. A Pension Decision-Bank Commissioner Contest-Cherokees Must Share With Adopted CitizensChase Investigation Matter-Failure of a Kansas City Bank. The National Bank of Kansas City. The National Bank of Kansas City, Mo., is closed and in the hands of Bank Examiner G. W. Galbreath as temporary receiver. President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lone a cent. Since March 5 the depositors have been drawing out, as they considered the statement very unfavorable. On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued they would not be able to continue payment. There is no probability that any of the other banks will be affected in any way. While there was considerable excitement when the su-pension was first made public, yet there is the best of feeling among the depositors for the officers of the failed institution. Bank Commissioner Breidenthal, of Kansas, says that the failure of the National Bank of Kansas City will not seriously affect Kansas banks. Mr. Breidenthal says that about fifty Kansas banks are correspondents of the National Bank of Kansas City, but that since the bank's trouble in 1893 they have. as a rule, kept but small balances th re. He says the failure of the bank to fully restore the confidence of its country correspondents has no doubt been one of the principal causes of its present trouble.

14. March 23, 1895 Western Kansas World Wakeeney, KS
Article from Western Kansas World, March 23, 1895

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The National Bank of Kansas City. The National Bank of Kansas City, Mo., is closed and in. the hands of Bank Examiner G. W. Galbreath as temporary receiver. President J. S. Chick says that the suspension is merely a liquidation and that not a depositor will lose a cent. Since March 5 the depositors have been drawing out, as they considered the statement very unfavorable. On Saturday over $60,000 was withdrawn, and the officers saw that if the run continued they would not be able to continue payment. There is no probability that any of the other banks will be affected in any way. While there was considerable excitement when the suspension was first made public, yet there is the best of feeling among the depositors for the officers of the failed institution. Bank Commissioner Breidenthal, of Kansas, says that the failure of the National Bank of Kansas City will not seriously affect Kansas banks. Mr. Breidenthal says that about fifty Kansas banks are correspondents of the National Bank of Kansas City, but that since the bank's trouble in 1893 they have. as a rule, kept but small balances th re. He says the failure of the bank to fully restore the confidence of its country correspondents has no doubt been one of the principal causes of its present trouble.

15. March 26, 1895 Kansas City Daily Journal Kansas City, MO
Article from Kansas City Daily Journal, March 26, 1895

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- and . information has reached the office of the I comptroller of the currency that Presi, dent Chick, of the National Bank of ) I Kansas City, will not object to be appointed receiver of that institution. It : is claimed that quite a number interested in the bank have concluded to insist that Mr. Chick be given this position. claiming. as they do, that he is better acquainted with the business of the bank than anyone else and would know better how to get the greatest possible returns from the paper of the bank. In this way it is claimed that the depositors are made more certain of full payment and certain of more prompt payment, and beyond this the department is really but little interested. This proposition will open up a new question for the comptroller of the currency, who is expected to return on Wednesday. It is believed that he will take up the matter of appointing a receiver just as soon as he gets back, but no far nothing has been heard from him since he left for the mountains of North Carolina for a hunt. He is liable to break in at any time, but is not expected until Wednesday, and no one would be surprised if he did not put in an appearance before the last of the week. He has not communicated with the office since leaving. and unless he has caught the information in some sickly publication down South he does not know as yet of the increased departmental duties called for by the new complications in Kansas City. How he will look on this new departure of appointing the president of a bank receiver is not known. So far. however, there is not a departmental precedent, and it is the opinion of the officials in the department that the comptroller will have no little difficulty in reaching the conclusion that this is the best thing to do. It has always been the policy of the department to select a man for receiver who has no interest whatever in the affairs to be closed up under government care. This plan has always been followed. but of course all things are liable to change, and it may happen that this will offer such inducements to break the rule that it will fall into history as a precedent for a different line of policy. In the time papers in support of applicants for the place of receiver are pouring in. Mr. John Perry, of Kansas City, also reached the department this morning with an application for the place. His formal application is accompanied with the usual number of indorsements. Mr. Thomas George, of Kansas City, also wired the department to-day a change of heart. When he left here some days ago, after having made the fight for the appointment as one of the judges in the Indian country, he concluded that he would like the appointment as attorney to look after the business of the bank. but having reached home he came to the conclusion that he would like the appointment of receiver, and SO advised the department to-day by wire. It was stated at the department that so far it appeared that more indorsements had arrived in support of Mr. R. , W. Hocker than for anyone else. It being the general opinion that the comptroller will take the matter up just as soon as he arrives, it is believed to be a good plan for all indorsements to be on hand very soon.

16. April 12, 1895 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, April 12, 1895

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John Perry Receiver. WASHINGTON, April 12.-The comptroller of the currency today appointed John Perry of Kansas City as receiver of the National bank of Kansas City, Mo.

17. April 13, 1895 The Herald Los Angeles, CA
Article from The Herald, April 13, 1895

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Receiver of a Bank WASHINGTON, April 12.-The controller of the cureracy today appointed John Perry of Kansas City receiver of the National bank of Kansas City. Mo., which suspended payment on March 16. 1895, and John F. Smith of Fort Worth, Tex., receiver for the City National bank of Fort Worth, which suspended April 4, 1895.

18. April 18, 1895 Iron County Register Ironton, MO
Article from Iron County Register, April 18, 1895

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fore part of the week the weather was quite cool, and heavy frosts occurred in many localities, though very little damage is reported; but during the last three days the temperature was much higher, and the mean temperature of the week was from 2 to 3 degrees above normal throughout the state. The precipitation was slightly in excess of the normal in the northeast section, but in all other sections there was a deficiency. The rains were very beneficial to wheat, oats and grasses, but much more is needed in the central and northern counties. On the whole, the week was very favorable for farming operations, except in a few localities, and fairly favorable for growing crops. Wheat came through the winter well, very little being reported winter-killed, and is generally in fine condition. A Farmer Assassinated. George Stice, a farmer, 5 miles southeast of Macon, was assassinated while sitting at his window with his little daughter the other night by some one conceal in the bushes, firing the contents of a heavy-loaded shotgun at him. The bullets struck him in the head and death resulted instantly. The little girl beside him WHS covered with blood, but aside from slight wounds made by the broken glass was uninjured. An inquest failed to throw any additional light on the killing. Stice, with his wife and two children, arrived at Macon from Scotland county about three months ago. Nothing was taken from the house and no attempt made to harm any other members of the family. The deceased was about 40 years old. They Died Together. Louis Frank, aged 22, and Katie Kolb, aged 17, lived in St. Louis, loved and became indiscreet. There was no objection to their marrying, but the young people were afraid of disgrace. They resolved to die together, and going to a grove around a pond in the southwestern ;suburbs, ended their existence. They first took poison, then shot themselves through the breast, and then cut their throats. There they lay until a boy, passing through the grove, found them. They left a letter showing that it was premeditated suicide, and giving the cause. The girl wrote in the note: "Who wants to love must suffer. I should not have given myself away, but I loved him and he loved me so." They were buried in one grave. "Life is But a Weary Game." Prescott W. Tatum, aged 17, a clerk in the Wabash railroad office in St. Louis, cut his throat and died. It is believed that he was deranged on account of sickness. He left a note stating that "life is but a weary game." Looking Bright for Depositors. Bank Examiner Galbraith, in charge of the suspended National Bank of Kansas City, has forwarded $200,000 to the comptroller of the currency. It is believed a dividend of 25 per cent. will soon be declared to depositors. That Smith College Rumpus. Colored people of Sedalia held a meeting and protested against the retention of Prof. J. W. Cool in the faculty of George R. Smith college. He is charged with immorality. Wants the Soldiers' Home. Citizens of La Plata and vicinity are making determined efforts to secure the location of the soldiers' home, to be decided at the G. A. R. convention at Macon, April 16-18. Dropped Dead in the Kitchen. Mrs. Anna Evert, aged 50, wife of Robert Evert, 1008 North Sixth street, St. Louis, went into the yard to quite a dog fight, returned to the kitchen and fell dead. Miles of Unimproved Streets. St. Louis has 500 miles of unimproved streets and 200 miles of unimproved alleys. Their improvement would greatly increase the taxable wealth of the city. A Strange Incident. While watching the ascent of a balloonist in Clinton, the 8-year-old son of W. S. Deighton ran into a barbed-wire fence and his jugular vein was almost severed. Hanged Himself. John T. Wolff, a cigar-maker, aged 42, who resided at 3150 Iowa avenue, St. Louis, hanged himself with a clothes line. He was found by his wife. Street Railways in St. Louis. The street railways of St. Louis aggregate 300 miles, of which 9 miles were constructed last year. The mileage will begreatly increased this year. Eloped and Married. E. Giles and Miss May Miller, of De Soto, eloped to St. Louis. They procured license and went to a hotel, where they were united in marriage. Killed by Falling Slate. Thomas Moore, a miner at Panama, Vernon county, was preparing to come out of the mine for dinner when falling slate killed him. He was 21. Capt. Albert Parker. Capt. Albert Parker, for many years a resident of Sedalia, died at San Diego, Cal. He was a brother-in-law of Senator Cullom, of Illinois. A Girl Saves a Life. Miss Nellie Oesterhaut, of Kansas City, who was visiting relatives in St. Louis, saved an old man from being crushed to death by train

19. April 20, 1895 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, April 20, 1895

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Looking Bright for Depositors. Bank Examiner Galbraith, in charge of the suspended National Bank of Kansas City, has forwarded $200,000 to the comptroller of the currency. It is believed a dividend of 25 per cent. will soon be declared to depositors.

20. August 16, 1895 Kansas City Daily Journal Kansas City, MO
Article from Kansas City Daily Journal, August 16, 1895

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Dividend Declared. A The clerical force in the office of John Perry, receiver of the National Bank of Kansas City, are busy preparing schedules and vouchers for the 15 per cent dividend declared yesterday at Washington by Comptroller Eckels. As near as can be estimated the dividend will be available to the depositors and creditors of the bank about the first week in September. The second dividend declared by this bank makes a total of 40 per cent to the creditors and is a most satisfactory showing. Depositors will eventually be paid in full.