Exchange Bank (Goodland, KS)

Episode Information

Episode UID
1069869491140
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
106986949 hash
Start Date
December 6, 1894
Location
Goodland, Kansas (39.351, -101.710)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
acec420c3acc19ff

Response Measures

None

Description

Bank suspended Dec 1894, briefly reopened Feb 1895, then placed in receivership late 1895.

Events (3)

1. December 6, 1894 Suspension
Cause
Government Action
Cause Details
Closed and placed in charge of the State Bank Commissioner; commissioner telegraphed for and took charge.
Newspaper Excerpt
The Exchange bank closed its doors today, having suspended, and is in the hands of the state bank commissioner.
Source
newspapers
2. February 20, 1895 Reopening
Newspaper Excerpt
The Exchange bank of this city will reopen some time next week. State Bank Commissioner Breidenthal can not get here before the 20th, which accounts for the unexpected delay.
Source
newspapers
3. December 13, 1895 Receivership
Newspaper Excerpt
R. J. Jones Has Been Appointed Receiver of the Defunct Bank. Assistant Attorney General Goddard was in the city Monday on business connected with the defunct Exchange bank, to which Treasurer-elect Jones has been appointed receiver.
Source
newspapers

Newspaper Articles (21)

Article from The Seattle Post-Intelligencer, December 7, 1894

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A Kansas Bank Suspends. GOODLAND, Kan., Dec. 6.-The Exchange bank closed its doors today. having suspended, and is in the hands of the state bank commissioner. The liabilities and assets are not known, as the president is out of the city,


Article from The Goodland Republic, December 7, 1894

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THE EXCHANGE BANK SUSPENDS Now in the Hands of the State Bank Commissioner. DEPOSITS WILL BE PAID IN FULL The Stockholders are All Wealthy and Will Be Able to Make All Claims Good. The good people of Goodland were completely surprised Thursday forenoon when the Exchange bank closed and posted a notice on the door that the bank was closed and in the hands of the state bank commissioner. That official was telegraphed for and is now here and in charge of the bank's affairs. H. M. Haller, although not now connected with the institution, is well posted on the condition of the bank, and states that the deposits and all claims against the institution will be paid in full. Four-fifths of the stock is held by wealthy eastern capitalists who are liable for double the amount of stock under the new banking law if it was needed to straighten up accounts. which isn't at all probable There is no question but what the de posits can all be paid and still leave & surplus. Mr. A. W. Hostetter left for Kansas City Tuesday night in the hopes of getting assistance to tide over the crisis, but sent word back that he failed, and to close the doors. The Exchange was founded in 1888 and has always done a good business and enjoined the full confidence of the public. And now in the face of the suspension the depositors are not uneasy, all believing that they will receive their money at 100 cents on the dollar. Goodland has had two bank failures in its history and in every case all claims have been met in full, and it is to be hoped that this will not be be an exception.


Article from Rock Island Argus, December 7, 1894

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Failure of a Kansas Bank. GOODLAND, Dec. 7.-The Exchange bank has closed its doors, having suspended, and is in the hands of the state bank commissioner. The liabilities and assets are not known, as the president, A. Hostetter, is out of the city. There seems no doubt that the despositors will be paid in full.


Article from The Morning Call, December 7, 1894

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Closed Its Doors. GOODLAND, Kans., Dec. 6.-The Exchange Bank closed its doors to-day, having suspended, and it is in the hands of the State Bank Commissioner. The liabilities and assets are not known, as the president is out of the city.


Article from The Madison Daily Leader, December 8, 1894

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NEWS CONDENSATIONS. Thirteen families from the vicinity of Storm Lake, Ia., will go to Tennessee. The state board of control has condemned the jail at Prairie du Chien, Wis., as insecure and unhealthy. The sudden death of the Earl of Oxford is announced. He will be succeeded by his nephew, Robert Horace Walpole, who in 1888 married Miss Louise Melissa Corbin of New York. The cash balance in the treasury is $154,727,085, of which $109,560,123 is gold reserve. The Exchange bank of Goodland, Kan., has suspended and is in the hands of the state bank commissioner. Representative Bryan has introduced in the house a joint resolution proposing an amendment to the constitution making the president ineligible to a second term.


Article from Morris Tribune, December 12, 1894

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Friday, Dec. 7. Captain John Pridgeon, the millionaire capitalist and vessel owner, died at his residence at Detroit, aged 66 years. The president has sent to the senate the following nominations: William Huntley, postmaster at Neillsville, Wis., and Frank M. Stover at Centerville, S. D. The Exchange bank of Goodland, Kan., has suspended and is in the hands of the state bank commissioner. Representative Bryan has introduced in the house a joint resolution proposing an amendment to the constitution making the president ineligible to a second term. Representative Sickles has introduced a bill appropriating $100,000 to enable the government to acquire title to the Gettysburg battlefield and transform it into a public park. Bishop McQuaide has given out a statement exonerating the archbishops of San Francisco and Portland, Or., for the part which it was alleged they played in defeating him for the regency.


Article from The Goodland Republic, December 14, 1894

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J. W. HEDGES. THE BANK FAILURE. No Receiver Will Be Appointed if Stockholders Come to the Rescue. The affairs of the Exchange bank of this city, which closed its doors last Thursday, are in charge of State Bank Commissioner John W. Briedenthal. The examination found $1,153.54 in cash and overdrafts, amounting to about $2,500. The deposits amount to about $9,000. To pay up depositors and save the securities from being sacrificed, the stockholders will have to pay in about $5,500. A letter from Briedenthal states that the stockholders have written him asking how to proceed to pay up the arrears and save the bank from going into the hands of a receiver. It is to be hoped that the things can be arranged and everyone paid off by the first of January.


Article from Bismarck Weekly Tribune, December 14, 1894

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NEWS CONDENSATIONS. Thirteen families from the vicinity of Storm Lake, Ia., will go to Tennessee. The state board of control has condemned the jail at Prairie du Chien, Wis., as insecure and unhealthy. The sudden death of the Earl of Oxford is announced. He will be succeeded by his nephew, Robert Hoface Walpole, who in 1888 married Miss Louise Melissa Corbin of New York. The cash balance in the treasury in $154,727,085, of which $109,560,123 is gold reserve. The Exchange bank of Goodland, Kan., has suspended and is in the hands of the state bank commissioner. Representative Bryan has introduced in the house a joint resolution proposing an amendment to the constitution making the president ineligible to a second term. Representative Sickles has introduced a bill appropriating $100,000 to enable the government to acquire title to the Gettysburg battlefield and transform it into a public park. Bishop McQuaide has given out a statement exonerating the archbishops of San Francisco and Portland, Or., for the part which it was alleged they played in defeating him for the regency.


Article from Oakes Weekly Republican, December 14, 1894

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Article Text

Friday, Dec. 7. Captain John Pridgeon, the millionaire capitalist and vessel owner, died at his residence at Detroit, aged 66 years. The president has sent to the senate the following nominations: William Huntley, postmaster at Neillsville, Wis., and Frank M. Stover at Centerville, S. D. The Exchange bank of Goodland, Kan., has suspended and is in the hands of the state bank commissioner. Representative Bryan has introduced in the house a joint resolution proposing an amendment to the constitution making the president ineligible to a second term. Representative Sickles has introduced a bill appropriating $100,000 to enable the government to acquire title to the Gettysburg battlefield and transform it into a public park.


Article from The Goodland Republic, February 15, 1895

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land nimrod refused a pot shot at a couple of jacks the other day, out of fear of the new anti gambling law. The coal merchants have been in it the past week. More coal was consumed in Goodland last week than in any one week in the history of the city. The Atchison Champion is trying to organize an editors band. That ought to be awful easy, as this class of parasites are especially noted for blowing their horn. You make no mistake when you take DeWitt's Little Early Risers for biliousness, dyspepsia or headache, because these little pills cure them.Ennis & Walker. Busy people have no time and sensible people have no inclination to use a slow remedy. One Minute Cough Cure acts promptly and gives permanent results.-Ennis & Walker. It cures piles, it cures obstinate sores chapped hands, wounds. It does this quickly. Is there any good reason why you should not use DeWitt's Witch Hazel Salve?-Ennis & Walker. The Exchange bank of this city will reopen some time next week. State Bank Commissioner Breidenthal can not get here before the 20th, which accounts for the unexpected delay. Hog heads 3c per pound at J. B. Penn's Spare ribs 6c per pound at J. B. Peun's Beef roast 5c per pound at J.B. Penn's Fr'sh pork 5c per pound at J. B. Penn's 4 pounds chuck steak 25c at J. B. Penn's The most severe weather northwestern Kansas has experienced since 1882 has been holding forth the past week. The thermometer has scarcely risen above zero and at one time was 20 below. Although the outlook for a favorable season the coming summer could not be better, do not relegate your intentions to do a little irrigating. You cannot afford to do without an irrigating plant. C. L. Hostetter of Mount Carrol, Ills., came in from the east Saturday. He is one of the directors of the Exchange bank and has come for the purpose of straighting out the affairs of that institution. A bill making the dog personal properte has passed the Nebraska state legislature. It will not be such a funny thing to run off with a fellows dog hereafter in that state. It means petit or grand larceny. You ought to know this: DeWitt's Witch Hazel Salve will heal a burn and stop the pain instantly. It will cure badly chapped hands, ugly wounds, sores, and a well known cure for piles. -Ennis & Walker. Civilization has now penetrated to the innermost parts of the dark continent. Among the spoils recently captured from an African chief were 7,000 cases of Rotterdam gin and a large stock of cigarettes. The fact that so many "old maids" are to be present at the "Old Maids Convention" the 22d inst., may account for unpredented "slickin' up" that some of Goodland maiden gentlemen have been doing of late. Take a dose of DeWitt's Little Early Risers just for the good they will do you. These little pills are good for indigestion, good for headache, good for liver complaint, good for constipation. They are good.-Ennis & Walker. An optical ailment that is prevailing among the citizens of Goodland seems to be the pink-eye which the Four Hundred of McAllister's sèt in Gotham have bitherfore considered as belonging to their own exclusive circles. There has been some reports that the ground is not all frozen, but only in spots, However, some very reliable farmers have informed us that that is a mistake, and the ground everywhere is frozen to the depth of from 2 to 12 inches. The Sharons Springs Voice appeals to the people to keep their hands off the person of Fred McKinley, the murderer of Sprig Corley, who has just been cleared of the charge by a WaKeeney jury. The Voice, evidently, fears another lynching bee. The "Old Maids Convention" will be held at the opera house Friday eve, Feb. 22. Mrs. Paulina Angelina Louisa Mifkins will be here with her rejuvinating machine, and all old maids and old bachelors who want to renew their youth should be present. THE REPTBLIB is going to publish some extra matter in the near future on irrigation. It will be composed of hints and résults of experiments from irrigators of the west and will be invaluable to those who are going to put in plants the coming srmmer. The farmers' institute will be of direct interest and benefit to every one in Sherman county. The programme will be published next week. The one held last year did much good and the coming meeting will probably be as interesting, if not more SO, than the last. The date has been fixed for Feb. March 2. E. Thorson has again become & business man of Goodland as he has this week opened a grocery store at the same stand which he deserted in 1889 for the sybaritic life of a Sherman county farmer. He has a nice, clean, stock of groceries and looks as natural as of yore as he ties up two-bits worth of sugar an R pound of collee. "Thors" is always glad to doe you, make him & call


Article from The Goodland Republic, December 13, 1895

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EXCHANGE BANK RECEIVERSHIP. R. J. Jones Has Been Appointed Receiver of the Defunct Bank. Assistant Attorney General Goddard was in the city Monday on business connected with the defunct Exchange bank, to which Treasurer-elect Jones has been appointed receiver. The bank's affairs, it is reported, are as bad, or worse, than when first suspended, as more deposits were received. The collections have been slow and the proceeds gradually eaten up by running expenses. As soon as Mr. Jones files his bond the assets of the bank will be turned over to him and the affairs straightened up as rapidly as possible. Even with the best of success with outstanding paper there will be a large deficiency.


Article from Juniata Sentinel and Republican, January 8, 1896

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The Republican County Committee will meet at the Jacobs House on Saturday afternoon, January 11, 1896. # SHORT LOCALS. There was a hop at Hockenberry's hotel, Waterford, New Year's night. Down with the combine is the watchword in Philadelphia. The Spruce Creek railroad tunnel is to be made higher and wider. The Exchange Bank at Goodland, Kansas, failed with $46 in the safe. Mr. Depew of Milford township, aged about 70 years, died on the 4th inst. On Christmas Day, Mrs. Morey of Plymouth, Mass., died aged 101 years. Blair county people will indulge in a half century celebration. June 11 and 12. Teachers will hold a "local Institute" at Thompsontown, January 17 and 18. The two National Banks in Huntingdon, have $400,000 on deposit, the Globe says. Mrs. Hannah Livitt, the oldest person in New Hampshire, died on Christmas Day aged 107. Captain McClellan has a hen that hatched a lot of chickens a week before Christmas. Early fowles. A fireman on a freight engine handles 10 to 12 tons of coal in the run between Harrisburg and Altoona. M. R. Beashor's two best hogs, when 19 months old, weighed, respectively 473 and 517 pounds clean meat. Some years ago a bushel of wheat would buy three barrels of oil. Now it takes three bushels of wheat to buy a barrel of oil. James A. and Andrew Banks while hunting recently, shot a gray fox. The skin of the animal will be stuffed and prepared for mounting. The Scotch Irish Congress will meet in Harrisburg next May. The descendants of Scotch Irish people are numerous in Juniata county. There are people who believe that if a rabbit's foot is carried in one's pocketβ€”that it acts as a talisman and exempts them from all harm. From present appearances the voters of Philadelphia will clean up the Philadelphia watered Traction combine at the February election. On the 28th ult., Geo. W. Bittinger, a veteran, and charge on Walker township, died at the home of Michael Fulkroad in Walker township. Mrs. Amanda Conn of Patterson, died on Saturday, the 4th inst, aged 68 years. Interment on Tuesday at Ebenezer Cemetery in Spruce Hill. For default of fines and costs for disorderly conduct and drunkenness, on the street, Harry Warner, Cloyd Bender and Thomas Lowery are in jail. David Weaver, aged about 70 years, died at his home in Walker township, early on Christmas morning. He had been an invalid about 15 years. The Sunbury Democrat and the Bloomfield Democrat are arging the nomination of ex Governor Pattison as the nominee of the Democracy for the presidency. Thomas Cox, died at his home in Greenwood township on the 23rd of December past, aged about 72 years. He kept the Seven Stars Hotel a period of 30 years. The funeral of Mrs. Smith, wife of Hon. C. A. Smith, took place at Lewistown on Christmas Day. Mrs. Smith was a sister of Mrs. D. G. Alter of Port Royal. The young peoples' society of the Presbyterian church held a sociable in the lecture room on the evening of the 2nd inst., at which coffee and sandwiches ware served. The Columbian Calendar can be obtained for five 2 cent stamps by addressing the Calender Department of the Pope Manufacturing Company at Hartford, Conn. The people of Philadelphia are aroused over the combine, and if present appearances indicate anything, will vote that organization out f power at the next election. Amos Blumenschein of Elliottsburg, Perry county, while quarrying limestone last week had a bank of earth to cave, and back in the bank six feet, a live snake was uncovered. A fancy lamp-shade in Mrs. Trimble's house on Third street took fire from a match and in trying to get the lamp out of the house an arm of Mrs. Trimble was severely turned, and her daughter Jean's hair was badly singed. The shade took fire when the lamp was lit. Last Thursday while carrying a tub of scalding water, to use in butch-


Article from The Goodland Republic, March 13, 1896

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LOCAL AND GENERAL. The 28th is the last day to register. Seed cc/itract blanks at this office. If you need anything in hardware go to Bock's. Thomas P. Leonard, abstracter and insurance. Alfalfa seed to trade for barely.-P. I. Lancaster. Register now! A few more day and it will be too late. Will furnish seed for southwest of 29-6-39.-B. F. Brown. Seed wheat in large quantities is being let out on the shares. For handmade harness go to J. W. Bock. All work guaranteed. See B. F. Brown for abstracts, insurance, houses and lands to rent. Just received a lot of wire netting for chicken fence.-John W. Bock. When you have got anything to sell try a never-failing ad in THE REPUBLIC. See those samples of tailor made suits at Dawson Bros. & Co. Fits guaranteed. Those who have a longing for early garden sass are paying close attention to their hotbeds these days. The county commissioners were in consultation Tuesday in regard to the county funds in the suspended bank. I am agent for lands in all parts of the county for rent. It may be just the tract you want.-Thomas P. Leonard: The people's party county convention for the purpose of choosing delegates to the state and congressional conventions comes off to-morrow. The steel safe belonging to the Exchange bank fixtures has been moved into the court house for the convenience of the county treasurer. Jim Henry has moved the coal shed from behind his building on Boulevard to his residence in East Goodland. It will be used hereafter as a barn. To Rent-If you wish to rent any of the American Investment Co's. land or McKinley & Lanning's for 1896 you can do so now.-M. Robinson, Agent. If taken in time the cigarette habit can be cured by the laying on of hands or the hairbrush. In the more advanced stages a bootjack vigorously applied proves very efficacous. Last season Ike L. Hall, druggist of West Lebanon, Ind., sold four gross of Chamberlain's Colic, Cholera and Diarrhoea Remedy and says every bottle gave perfect satisfaction. For sale by Ennis & Walker. It is said that the common tomato plant makes a very nice house plant when properly cared for. In addition to its attractiveness it is & profuse and constant bearer, and ripe tomatoes are not to be sneezed at in January. No better time could be had to invest in western lands than the present. Good farms can now be secured for a song that in less than five years will be worth $5,000. The west has had its reverses, but the worst is now over. Eighty acres of timber land entirely clear of incumbrance, taxes paid, title perfect, few miles from Salem, the county seat of Dent county Missouri. Will exchange for 160 acros of clear Sherman county Wal-M. Robinson


Article from The Goodland Republic, December 25, 1896

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To-morrow the property belonging to the Exchange bank will be sold at public sale by Receiver Jones.


Article from The Goodland Republic, January 1, 1897

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First Published December 4. sheriff's male, IN the district court of Sherman county, state of Kansas, The People's Building, Loan and Saving association, a corporation cream 1 and duly incorporated under the laws of the state of New York, plaintiff, vs. Edward E. Burwell and Cora J. Burwell (husband and wife), A. W. Hostetter, cashier of The Exchange Bank of Goodland, Kansas, A. W. Hostetter, R. J. Jones. receiver of The Exchange Bank of Goodland, Kansas, John Kanz and Anna F. Kauz (husband and wife), defendants. By virtue of an order of sale issued to me, out of said district court, in the above-entitled action, I will, on Wednesday, the 6th day of January A. D. 1897, at two o'clock p. m. of said day, at the front door of the court house in the city of Goodland in the county of Sherman in the state of Kansas, offer at public sale, and sell to the highest and best bidder, for cash in hand, all the following-described real estate, to-wit: Lots nine (9), and ten (10) and north half of lot eleven (11), also a strip two foot wide along the south side of lot eight (8) all in block nineteen (19) in the Second addition to the town of Goodland, Kansas, according to the recorded plat thereof, lying and situate in the county of Sherman in the state of Kansas. The above-described real estate is taken as the property of said defendants, and is directed by said order of sale to be sold, and will be sold without appraisement, to satisfy said order of sale. HOYT ANDREWS, W. E. DUSTIN, Attornev. Sheriff Sherman County, Kansas.


Article from The Goodland Republic, April 2, 1897

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Official Statement. FFICIAL statement of the financial condition of the Exchange Bank, R. J. Jones receiver, at Goodland, state of Kansas, at the close of business on the 9th day of March, 1897:


Article from The Goodland Republic, August 20, 1897

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[First published August 20.] Notice For Publication. IN the district court of Sherman county, Kansas. The state of Kansas, ex rel F. B, Dawes, attorney general, plaintiff, vs. The Exchange bank of Goodland, Kansas, defendants. In compliance with an order of sale directed to me by the aforesaid court in the above entitled cause, I will, on the 21st day of September, A. D. 1897, at one o'clock p. m. of said day at the east front door of the court house in the city of Goodland in said Sherman county, Kansas, offer for sale and sell to the highest and best bidder for cash in hand, all property goods, chattles, notes, effects, and real estate remaining in my hands on said date as receiver of sald defendant. And the same will be sold subject to any and all liens thereon. R.J. JONES, Receiver.


Article from The Goodland Republic, August 27, 1897

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[First published August 20.] Notice For Publication. sas, The state of Kansas, ex rel F. B. IN the district court of Sherman county, KanDawes, attorney general, plaintiff, VS. The Exchange bank of Goodland, Kansas, defendants. In compliance with an order of sale directed to me by the aforesaid court in the above entitled cause, I will, on the 21st day of September, A. D. 1897, at one o'clock p. m. of said day at the east front door of the court house in the city of Goodland in said Sherman county, Kansas, offor for sale and sell to the highest and best bidder for cash in hand, all property goods, chattles, notes, effects, and real estate remaining in my hands on said date as receiver of said defendant. And the same will be sold subject to any and all liens thereon. R. J. JONES, Receiver.


Article from The Goodland Republic, September 3, 1897

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[First published August 20.] Notice For Publication. sas. The state of Kansas, ex rel F. B. IN the district court of Sherman county, KanDawes, attorney general, plaintiff, vs. The Exchange bank of Goodland, Kansas, defendants. In compliance with an order of sale directed to me by the aforesaid court in the above entitled cause, I will, on the 21st day of September, A. D. 1897, at one o'clock p. m. of said day at the east front door of the court house in the city of Goodland in said Sherman county, Kansas, offer for sale and sell to the highest and best bidder for cash in hand, all property goods, chattles, notes, effects, and real estate remaining in my hands on said date as receiver of sald defendant. And the same will be sold subject to any and all liens thereon. R. J. JONES, Receiver.


Article from The Goodland Republic, February 11, 1898

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[First published February 11.] Notice of # inal Discharge. the district court of Sherman county, KanIN sas. The State of Kansas ex rel. F. B. Dawes, attorney general, vs. The Exchange Bank of Gondland. Notice is hereby given that at the April, 1898, term of said court, to-wit: On the 4th day of April, 1898, at 9 o'clock a. m. of said day or as SOOD thereafter as the same can be heard, I shall file my final report in said cause and ask that I be discharged as receiver of said defendant. The Exchange Bank of Goodland. Kan. R.J. JONES, Receiver.


Article from The Goodland Republic, February 18, 1898

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[First published February 11.] Notice of Final Discharge. IN the district court of Sherman county, Kansas. The State of Kansas ex rel. F. B. Dawes, attorney general, vs. The Exchange Bank of Goodland. Notice is hereby given that at the April, 1898, term of said court, to-wit: On the 4th day of April, 1898, at 9 o'clock a. m. of said day or as soon thereafter as the same can be heard, I shall file my final report in said cause and ask that I be discharged as receiver of said defendant. The Exchange Bank of Goodland. Kan. R.J. JONES, Receiver.