Bank of Downs (Downs, KS)

Episode Information

Episode UID
145076391093
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
14507639 hash
Start Date
January 20, 1891
Location
Downs, Kansas (39.499, -98.542)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
150991a8130433e5

Response Measures

None

Events (1)
1. January 20, 1891 Suspension
Cause
Correspondent
Cause Details
Closed/suspended because it was connected with the failed American National Bank of Kansas City, whose failure precipitated the suspension.
Newspaper Excerpt
The Bank of Downs, at Downs, Mitchell county, Kansas, closed its doors this morning. It was connected with the American National bank, of Kansas City, which failed yesterday.
Source
newspapers

Newspaper Articles (10)
1. January 21, 1891 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 21, 1891

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Article Text

THE KANSAS CITY BANK PANIC. Depositors Still Alarmed K ansas and Nebraska Failures. KANSAS CITY, Jan. 20.-The run on the Kansas City Safe Deposit and Savings bank continued today. When the bank opened, at 9 o'clock this morning, the crowd was larger than at any time yesterday. It is believed that the backbone of the run was broken today, and that confidence will soon be restored. The officials of the bank say they are amply able to meet all demands on sight. The bank examiner is still working on the books of the American National. ATCHISON, Kan., Jan. 20. - The Bank of Douns, at Douns, Osborne county, Kan., was closed this morning. It was connected with the American National bank, of Kansas City, which failed yesterday. The liabilities and assets cannot be ascertained. PALMER, Neb., Jan. 20.-There was a heavy run on the Deposit bank yesterday, resulting from a rumor that the institution was in an unsafe condition. The bank paid all demands in full, and Chashier Shipley has gone to Omaha to arrange for funds to tide over the crisis.

2. January 21, 1891 The Morning News Savannah, GA
Article from The Morning News, January 21, 1891

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Article Text

KANSAS CITY'S BANK CRASH. No Let Up in the Run on the Savings Department. KANSAS CITY, Mo., Jan. 20.-The run which was commenced on the Kansas City Safe Deposit and Savings Bank yesterday continued to-day. As early as 7 o'clock this morning fully 250 people were standing in line in front of the bank, waiting for the doors to open. When the bank was opened at 9 o'clock the crowd was as large as at any time yesterday, and there was a wild rush for the paying teller's counter. CONFIDENCE RETURNING, As the day wore away a feeling of confidence began to appear among the weary depositors, and at noon many had dropped out of line, having decided to leave their money with the bank. When the hour of closing approached the crowd had thinned out measurably. very It is believed now that "the backbone of the run has been broken, and that in a day or two complete confidence will be restored. In the two days during which the run has been made about $60,000 has been withdrawn from the bank, $30,000 yesterday and over $20,000 to-day. The officials of the bank say they are amply able to meet any demands on sight. A special to the Star from Atchison, Kan., says: "The Bank of Downs, at Downs, Mitchell county, Kansas, closed its doors this morning. It was connected with the American National Bank of Kansas City, which failed yesterday. The liabilities and assets cannot be ascertained."

3. January 21, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 21, 1891

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Article Text

BUSINESS REVERSES. Minor Financial Disturbances Throughout the Country. OMAHA, Neb., Jan. 20.-Barnes Bros., of Hastings, were closed by the sheriff to-day. Liabilities. $33.000; nominal assets, $45,000. MADISON, Ind., Jan. 20.-The Madison Marine Railway company has assigned for the benefit of creditors. Liabilities, $40,000; assets, personal, $20,000: plant, $20,000. Home creditors are endeavoring to reorganize. ATCHISON, Kan., Jan. 20.-The Bank of Downs, at Downs, Mitchell county, Kansas, closed its doors this morning It wa S connected with the American National bank, of Kansas City, which failed yesterday. The liabilities and assets cannot be ascertained.

4. January 21, 1891 The Morning Call San Francisco, CA
Article from The Morning Call, January 21, 1891

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Article Text

DEPOSITORS ALARMED. Two Banks Being Rapidly Relieved of Their Funds. PALERMO (Nebr.), Jan. 20.-There was a run on the Deposit Bank yesterday resulting from the rumor that the institution was in an unsafe condition. The bank paid all the demands in full, and Cashier Shipley has gone to Omaha to arrange for funds to tide over the crisis. KANSAS CITY, Jan. 20.-The run on the Kansas City Safe Deposit and Savings Bank continued to-day. When the bank opened at 9 o'clock this morning the crowd was as large as at any time yesterday. To-night it was believed that the backbone of the run was broken and confidence will soon be restored. The officials of the bank say they are amply able to meet all demands on sight. The bank examiner is still working on the books of the American National. ATCHISON (Kans.), Jan. 20.-The Bank of Down, in Downs, Mitchell County, Kans., closed this morning. It was connected with the American National Bank of Kansas City, which failed yesterday. The liabilities and assets cannot be ascertained.

5. January 22, 1891 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, January 22, 1891

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Article Text

Another Bank Fails. KANSAS CITY, Jan. 22.-Bank of Downs, Mitchel county, suspends owing to suspension of American National of this city.

6. January 22, 1891 Telegram-Herald Grand Rapids, MI
Article from Telegram-Herald, January 22, 1891

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Article Text

Three Hansas Banks Suspend. LEAVENWORTH, Kan., Jan. 91.-The banks in this city announce the suspension of three Kansas banks-the State Bank of Cawker City, the Bank of Downa, and the Glen Elder Bank of Glen Elder. The closing of the American National Bank of Kansas City affected the Dewns Bank. The assets and liabilities of the bank can not yet be obtained.

7. January 22, 1891 Phillipsburg Herald Phillipsburg, KS
Article from Phillipsburg Herald, January 22, 1891

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Article Text

A GREAT excitement has reigned in western banking circles the past week by reason of the failure of the American National Bank of Kansas City. Their liabilities are estimated at $2,000,000. Several Kansas banks have suspended in consequence of the Kansas City failure, one at Downs, one at Glen Elder, one at Cawker City, one at Clyde and other points. Phillipsburg Banks, fortunately, were not hurt any, or if so very slightly.

8. January 29, 1891 The Worthington Advance Worthington, MN
Article from The Worthington Advance, January 29, 1891

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Article Text

WEST AND SOUTH. THE Nevada Legislature convened on the 19th at Carson City. THREE Kansas banks suspendedthe State Bank of Cawker City, the Bank of Downs and the Glen Elder Bank of Glen Elder. THE pipeof the Eureka Oil Field Company, at Grafton, W. Va., broke and covered the Monongahela river for twenty miles. After dark some one

9. January 29, 1891 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, January 29, 1891

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Article Text

The Bank of Downs, at Downs, Mitchel County, Kan., has suspended.

10. January 29, 1891 The Telegraph-Courier Kenosha, WI
Article from The Telegraph-Courier, January 29, 1891

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Article Text

The Bank of Downs, at Downs, Mitchell County, Kan., has suspended. THE MARKETS.