Missouri Valley Bank (Kansas City, MO)

Episode Information

Episode UID
1409050390974
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
140905039 hash
Start Date
February 17, 1881
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
504440479b5c9ef3

Response Measures

None

Description

Contemporary reports give varying liability/asset totals; assignment to Henry Smith indicates receivership.

Events (3)

1. February 17, 1881 Receivership
Newspaper Excerpt
An assignment was made to Mr. Henry Smith, and he at once took possession of the bank and papers of the institution, and as soon as possible a statement of the condition of the bank will be made public.
Source
newspapers
2. February 17, 1881 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals precipitated by perception the institution was unsafe and had limited capital.
Measures
None reported prior to suspension; heavy withdrawals over three days prompted assignment.
Newspaper Excerpt
The failure was in consequence of a heavy run during the past three days.
Source
newspapers
3. February 17, 1881 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended following heavy run and concerns about limited capital and large risks; liabilities reported variously in press.
Newspaper Excerpt
The Missouri Valley Bank of Kansas City suspended yesterday.
Source
newspapers

Newspaper Articles (10)

Article from Wheeling Register, February 18, 1881

Click image to open full size in new tab

Article Text

Of the Day in Pithy Paragraphs. Domestic. The Senate of Maine has negatived the constitutional amendment favoring female suffrage. The Missouri Valley Bank of Kansas City suspended yesterday. Liabilities $275,000; assets $200,000. When ex-Secretary Thompson saw Pennsylvania avenue under water he thought it was the Panama canal. At Orange, N.J., the hat factory of T. F. Brennan & Co., was burned yesterday. Lose, $24,000; insurance, $14,000. It is not believed here that James Russell Lowell desires to be relieved of his office as United States Minister to England. A New York railroad officer says the demand for cars to run to Washington for the inauguration exceeds anything of the kind ever known. Senator Bayard and other members of the Finance Committee are very confident of passing the Funding bill as reported from the committee. It is now understood that Howell's idea in leaving the Atlantic Monthly is in order to accept an appointment as U.S. Minister to Swiss Confederation. A dispatch from Virginia City, Nev., yesterday, says Senator-elect Fair left there this afternoon for Washington. He will step at Wapollo, Iowa, to visit his sister. An Oakdale, Mass., dispatch says: Tim Niphan and John Kelly were killed yesterday by the caving in of an embankment on the Massachusetts Central Railroad. At a meeting of the directors of the Central railroad, N. J., yesterday, Knight and Clarke resigned and Jay Gould and Sidney Dillon were elected to fill the vacancies. At Toledo the extensive ship chandlery stores and warehouse of Wilcox Bros., 64 and 66 Water street, were entirely destroyed by fire yesterday. Loss, $60,000; insurance, $40,00. Dr. Gearing reported a case of smallpox yesterday at the office of Health Officer Harlan, of Allegheny. The person's name is David Hentzal. He boarded on River avenue, above the water works. Foreign. The Bank of England has reduced its rate of discount to 3 per cent. The increasing financial difficulties make the Sultan of Turkey more than ever desirous for peace. Count Von Arnim Boilzenburg will decline the Presidency of the Reichstag, as Clericolect has been selected Vice President. The conference between Parnell and Rochefort has excited much indignation among the Catholic members of Parneli's party. Gen. Colley telegraphs that the Boers have made overtures for peace. The proposals have been considered in Cabinet counsel and the report has been dispatched by telegraph to Colley. There is a much more hopeful feeling in Paris relative to the Greek question, in consequence of Germany having consente to take the lead in the negotiations at Constantinople.


Article from Chicago Daily Tribune, February 18, 1881

Click image to open full size in new tab

Article Text

THE KANSAS CITY BANK-FAILURE. Special Dispatch to The Chicago Tribune. KANSAH CITY Mo., Fob. 17.-The announce. ment was made this morning of the suspension of the Missouri Valley Bank of this city, with liabilities amountingr to $205,000, and assets from all sources said to be good for $332,000. The fallure was in consequence of u heavy run during the past three days. P. J. Althor, the cashiur, anys the bank will In all probability pay dollar for dollar. At a o'clock this afternoon an assignment was made to Mr. Henry Smith, and hu at once took possession of the bank and papers of the Institution, -and as 60011 118 possible a statement of the condition of the bank will be made public. A. W. , Armour, President or the Armour Brothors' Bank, says the failure will have no effect whatever on the business community, as the bank did but 11 small portion of the business transacted here. The bank had a nominal capital stock of $75,000, and deposits amounting to $100,000.


Article from Mower County Transcript, February 23, 1881

Click image to open full size in new tab

Article Text

Business Failures. The Missouri Valley bank, Kansas City, suspended on the 17th inst. Liabilities $270,000; assets $200,000, in discounted paper. Friedman Brothers, wholesale dry goods dealers of Detroit, have failed. On the 15th they filed mortgages amounting to $100,000. ono of which empowers Leopold Freund to take possession of their establishment and conduct the business for the benefit of creditors. Frederick Guenther, wholesale hatter, Milwaukee, Wis., made an assignment for the benefit of his creditors on the 17th inst Liabilities in the neighborhood of $75,000; assets about $50,000, E. T. Howe, a New York lard merchant, made an assignment on the 15th. Liabilities $70,000. A schedule in the assignment of John Maxwell, the heavy stone dealer of Rondout, N. Y. shows that the assets exceeds the liabilities by $100,000.


Article from The Somerset Press, February 24, 1881

Click image to open full size in new tab

Article Text

Bank Failed. The Missouri Valley Bank of Kansas City, has suspended with liabilities about $80,000 and assets $355,000 in discount papers. -


Article from The Eaton Democrat, February 24, 1881

Click image to open full size in new tab

Article Text

Bank Failed. The Missouri Valley Bank of Kansas City, has suspended with liabilities about $80,000 and assets $355,000 in discount papers. P


Article from The Princeton Union, February 24, 1881

Click image to open full size in new tab

Article Text

THE NEWS IN BRIEF. Bank Suspension. The Missouri Valley bank, of Kansas City, has suspended. The institution has been considered unsafe for a long time. The liabilities are about $275,000, and assets $200,000, in discounted paper.


Article from The Emporia News, February 25, 1881

Click image to open full size in new tab

Article Text

Bank Failure. KANSAS CITY, Feb. 17.-The Missouri Valley Bank, of this city, suspended this morning. The institution has been considered unsafe for a long time, owing to its limited cap-ital and large risks. The failure was not unexpected, consequent ly there is no excitement or uneasiness on the part of the other banks. Liabilities about $275,000; assets $200,000 in discounted paper. The failure was only ayerted last year by the addition of new capital. It is not known how much of the liabilities the bank will be able to pay.


Article from The Superior Times, February 26, 1881

Click image to open full size in new tab

Article Text

Business Failures. The Missouri Valley bank, Kansas City, suspended on the 17th inst. Liabilities $270,000; assets $200,000, in discounted paper. Friedman Brothers, wholesale drv goods dealers of Detroit, have failed. On the 15th they filed mortgages amounting to $100,000, one of which empowers Leopold Freund to take possession of their establishment and conduct the business for the benefit of creditors. Frederick Guenther, wholesale hatter, Milwaukee, Wis., made an assignment for the benefit of his creditors on the 17th inst Liabilities in the neighborhood of $75,000: assets about $50,000. E. T. Howe, a New York lard merchant, made an assignment on the 15th. Liabilities $70,000. A schedule in the assignment of John Maxwell, the heavy stone dealer of Rondout, N. Y. shows that the assets exceeds the liabilities by $100,000.


Article from Lexington Weekly Intelligencer, February 26, 1881

Click image to open full size in new tab

Article Text

The Missouri Valley Bank at Kansas City has suspended.


Article from The Dallas Daily Herald, March 18, 1881

Click image to open full size in new tab

Article Text

Bauk Officers in Trouble. Kansas City, March 17.-Mr. Theodore Krauss, the president of the suspended Mis. pouri Valley bank, who was arrested yesterday, says that he can thoroughly vindicate himself when he goes into court. He gave bond for bis appearance st the next term of the criminal court. If Robert J. Alther, the cashier, comes to Kansas City he also will be arrested. A telegram was received from him to-day saying that he would return from New York on Friday.