Osage City Savings Bank (Osage City, KS)

Episode Information

Episode UID
2193205190983
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
219320519 hash
Start Date
November 28, 1881
Location
Osage City, Kansas (38.634, -95.826)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
99a286ceeae5fc33

Response Measures

None

Description

Sources report suspension Nov 28, 1881 but no articles here confirm reopening or receivership.

Events (1)

1. November 28, 1881 Suspension
Cause
Local Banks
Cause Details
Suspended due to complications and closures of the Danford-run banks at Caldwell and Hunnewell which had recently closed.
Newspaper Excerpt
The Osage City Saving's Bank suspended today, owing to complications with the Darford banks at Caldwell and Hunnewel which closed last Friday.
Source
newspapers

Newspaper Articles (11)

Article from The Wheeling Daily Intelligencer, November 29, 1881

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Article Text

Suspended Saving's Bank. OSAGE CITY, KANSAS, November 28.-The Osage City Saving's Bank suspended today, owing to complications with the Dar. ford banks at Caldwell and Hunnewel which closed last Friday. The Carbondale bank, which is under the same management as those, suspended, but has been reorganized, and will not be affected.


Article from Wheeling Register, November 29, 1881

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Article Text

Another Bank Closed. th 10.E CITY, KAN November 23.-The Osage City Savings Bank suspended. today, owing to complications with the Danford banks and Caldwell & Hurnewell, which closed last Friday The Carbondale bank, which is under the same management as those suspended has been re-organized, and will not be affected


Article from The Rock Island Argus, November 29, 1881

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Article Text

FAILURES. OSAGE CITY, Kan., Nov. 28.-The - Osage savings band suspended to-day, ewing to h the Sanford banks of complications W1. Caldwell and Hun newell, which closed Friday. The Carbona. de bank, under the same management (as the others, has been reorganized and will not be t flected. Ingalls, LYNN, Nov. 28.-Proctor leather dealers, have failed. Liabilities ssets estimatad at $50,000 to $60,000. quite large, principally ssock.


Article from The Salt Lake Herald, November 29, 1881

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Article Text

Domestic. Rondout, N. Y. 28.-John Booth's stone quarry, at Wilbur, caved this morning, killing the foreman, Edward Kearney, and Michael Gilhem, and seriously injuring John Cassidy and Sandy Phalen. Washington, 28.-Caucus of democratic senators will be called for Saturday. Alvin O. Buck has been arrested, charged with conspiracy to defraud government, through the postoffice department. New York, 28.-Schaefer says he will challange Dion for the billiard champion emblem before going to Europe to play Vigneaux. Wallack's new theatre is nearly completed, and will be formally opened, December 12th. Springfield, Mass., 28.-Increasing small pox necessitates a new pest house. Osage City, Ks., -The Osage City bank has suspended, being under the same management as recently suspended the Hunnewel and Caldwell banks. Frankfort, Ky., 28.-The legislature met to-day. Boston, 28.-Langdon W. Moore, who has served six years for burglary, was to-day sentenced to seven years more for burglarizing the Warren Bank, Charlestown in 1879. He is 59.


Article from The Corvallis Gazette, December 2, 1881

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Article Text

Osage City, Ks., Nov. 28.-Osage City Savings bank has suspended, being under the same management as the recently suspended Hunnewell and Caldwell banks.


Article from Huntsville Gazette, December 3, 1881

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Article Text

THE Osage City (Kansas) Savings Bank suspended on the 28th, owing to complications with the Danford Caldwell and Hunnewell banks, which closed their doors a few days prevlous. Danford, owner of the latter Institutions, and Smith, his cashier, were arrested and taken to Wellington, upon charges of receiving deposits after they knew their banks to be insolvent. Some hours later a party of men from Caldwell took the two bankers by force from the officers with the avowed intention of taking them back to Caldwell and compelling them to disgorge. There was some apprehension that they might be lynched.


Article from The Milan Exchange, December 3, 1881

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Article Text

COMMERCE AND INDUSTRY. A NATIONAL convention of cottonplanters and manufacturers is to be held at Atlanta, Ga., commencing December 6. THE celebrated Iowa barb-wire cases will come up January 3 in the United States Circuit Court at Keokuk. A full Bench will be present, Judge McCrary presiding. B. F. Butler, of Massachnsetts, and C. C. Cole, of Des Moines, will appear for the farmers. THE Indian Territorial Legislature has voted the right of way for a new railroad. IT is reported that Mr. Jay Gould has secured control of the New York & New England Railroad Company. It is further reported that he has perfected plans for connecting the line directly with New York and with the elevated railroad system. THE Roumanian Government has renewed for a year the prohibition of the importation of pork from the United States and several European countries. THE Osage City (Kansas) Savings Bank suspended on the 28th, owing to complications with the Danford Caldwell and Hunnewell banks, which closed their doors a few days previous. Danford, owner of the latter institutions, and Smith, his cashier, were arrested and taken to Wellington, upon charges of receiving deposits after they knew their banks to be insolvent. Some hours later a party of men from Caldwell took the two bankers by force from the officers with the avowed intention of taking them back to Caldwell and compelling them to disgorge. There was some apprehension that they might be lynched. DECEMBER 9 has been designated as "Mayors' Day" at the Atlanta Exposition. The Mayor or his representative from every city in the Union is expected.


Article from Mower County Transcript, December 7, 1881

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Article Text

Business Troubles. The Bank of Prince Edward's Island has suspended. The trouble was largely owing to overdrawn accounts. Its affairs are said to be in a bad condition. The cashier has disappeared. The capital of the bank is $320,000 and the notes in circulation $200,000. The Osage City (Kansas) Savings Bank suspended, on the 28th ult., owing to complications with the Daneford banks at Caldwell and Hunnewell, which closed on the 25th. Proctor & Ingalls. leather dealers, Lynn, Mass., have failed; liabilities estimated at from $50,000 to $60,000; assets considered quite large. A general shrinkage in values of stock and losses by failures have necessitated the suspension.


Article from Watertown Republican, December 7, 1881

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Article Text

Business Troubles. The Bank of Prince Edward's Island has suspended. The trouble was largely owing to overdrawn accounts. Its affairs are said to be in a bad condition. The cashier has disappeared. The capital of the bank is $320,000 and the notes in circulation $200,000. The Osage City (Kansas) Savings Bank suspended, on the 28th ult., owing to complications with the Daneford banks at Caldwell and Hunnewell, which closed on the 25th. Proctor & Ingalls, leather dealers. Lynn, Mass., have failed; liabilities estimated at from $50,000 to $60,000; assets considered quite large. A general shrinkage in values of stock and losses by failures have necessitated the suspension.


Article from The Superior Times, December 10, 1881

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Article Text

Business Troubles. The Bank of Prince Edward's Island has suspended. The trouble was largely owing to overdrawn accounts. Its affairs are said to be in a bad condition. The cashier has disappeared. The capital of the bank is $320,000 and the notes in circulation $200,000. The Osage City (Kansas) Savings Bank suspended, on the 28th ult., owing to complications with the Daneford banks at Caldwell and Hunnewell, which closed on the 25th. Proctor & Ingalls. leather dealers, Lynn, Mass., have failed; liabilities estimated at from $50,000 to $60,000; assets considered quite large. A general shrinkage in values of stock and losses by failures have necessitated the suspension.


Article from The Emporia Weekly News, February 9, 1882

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Article Text

. A Point for Danford. $ WICHITA, Kas, Feb. 3.-Danford, the $ Kansas banker, who was so long corralled at Caldwell by his enraged creditors and threatened with hanging, has just scored quite an important point in the courts. Yesterday in the Cowley county district court, before Judge Torrence, his counsel moved to discharge certain attachments laid by his Kansas City creditors. The court granted the motion and the attachments were dis. charged. Danford's counsel now say that he will bring suits upon the attach ment bonds for damages against the Kansas City creditors Danford claims that it was their attachment that caused the run upon his Osage City bank, and also upon his Hunnewell bank. and that these creditors tied up something like $130,000 to secure a claim of $8,000, and that they persistently stood in the way of all settlement, although some $20,000 worth of securities were placed in their hands. Mr. Danford, in Kansas courts, bids fair to rival Mrs. Gaines. He has already brought suits for damages against the chief men of the Caldwell mob, claming $100,000. He will now make-it tively for the Kansas City boys He lis out of business, and having exhausted his resources in Kansas he will now give Missouri is whirl.