First National Bank (Larned, KS)

View Charter #2666 on SPMC View balance sheet

Episode Information

Episode UID
266601158
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
26660 national
Charter Number
2666
Start Date
June 11, 1896
Location
Larned, Kansas (38.181, -99.099)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
667e555651e1eabc

Response Measures

Capital injected, Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1896-08-26
Date receivership terminated
1899-01-28
OCC cause of failure
Losses
Share of assets assessed as good
34.6%
Share of assets assessed as doubtful
53.4%
Share of assets assessed as worthless
12.0%

Description

Newspaper accounts report examiner taking charge and a later receiver appointment; official receivership date (1896-08-26) differs from some dispatch dates in papers.

Events (5)
1. April 27, 1882 Chartered
Source
historical_nic
2. June 11, 1896 Run
Cause
Local Shock
Cause Details
Heavy withdrawals triggered by a controversy over the town's waterworks that spooked depositors.
Measures
Directors announced hope to resume soon; bank suspended payments
Newspaper Excerpt
The First National bank has closed its doors after a heavy run induced by the controversy over the local water works.
Source
newspapers
3. June 11, 1896 Suspension
Cause
Local Shock
Cause Details
Suspension of payments followed the heavy run driven by local waterworks controversy.
Newspaper Excerpt
The First National bank here closed its doors at 3 o'clock after a heavy run ... The directors hope to be able to resume soon.
Source
newspapers
4. August 26, 1896 Receivership
Source
historical_nic
5. August 26, 1896 Receivership
Newspaper Excerpt
Comptroller appointed a receiver for the First National Bank of Larned, Kansas (government record date used).
Source
newspapers

Newspaper Articles (17)
1. August 6, 1895 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, August 6, 1895

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Article Text

UN-"SOUND MONEY" MEN, J. H. Armandy, formerly cashier the First National bank at Larned, of Kan., has been arrested for coining counterfeit money. R. B. Anderson, a prominent speculator at Karsas City, Mo., has disap. peared. It is thought that he has com. mitted suicide. The Union bank at Denver, Col., closed on the 29th ult. The owners of the bank were on the bond of the county Treasurer for $500,000 and their failure saused the closing of his office. The Biosland-Parcele-Jordan Shoe Company, St. Louis, has been closed by creditors attachments. Liabilities about $89,000. Geo. A. Raney, sound money mer. chant, Boydton, Va., has assigned. Liabilities about $5,000. (Sound). Geo. A. Yost, New York, inventor and manufacturer of typewriters, has assigned. Liabilities run away up into the thousands. John W. Walden, cashier of the Dime Savings bank, Wilmantic, Conn, has skipped, carrying with him $20,000 sound dollars. They were honest dol. lars, too, but he didn't get them honest. He clamored for "sound money" up to the day he left. Last year bank officials defaulted, embezzled and ran away with $25,000,000, most of it belonging to depositors. If in silver it would take 12,000 men carrying 120 pounds each to tote it off But these same fellows are for "honest money." The West Asheville Improvement Company battled with "returning prosperity" until it is now in the hands of a receiver. It wont do to try to stem the tide of returning prosperity. Still they come! Robert C. Scott, city Treasurer, Jacksonville, Fla., is under arrest. The charge is that he misappropriated $10,707 "sound" dol lars during his last term of office. He is a pretty bird to talk about "honest money." The Standard Wagon Company and the Davis Company both went "up the spout" in Cincinnati last week. The single standard don't buy wagons fast enough. The Standard Company owes $400,000 "sound" dollars, and the Davis Company $150,000; assets considerably less,

2. June 11, 1896 Evening Star Washington, DC
Article from Evening Star, June 11, 1896

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Article Text

A Bank Closes Its Doors. Mr. Coffin, acting controller of the currency, has received word that the First National Bank of Larned, Kan., closed its doors this morning as a result of a run. He instructed Examiner Stainsby to proceed to Larned at once and take charge of the affairs of the bank. The capital of this bank is $50,000 and its deposits are not very large.

3. June 11, 1896 The Providence News Providence, RI
Article from The Providence News, June 11, 1896

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Article Text

Closed Doors After a Run. LARNED, Kan., June 11.-The First National Bank has closed its deors after a heavy run induced by the controversy over the local water works. The sudden drain was unexpected, the bank being sound other A ise.

4. June 11, 1896 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, June 11, 1896

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Article Text

Bank Fails at Larned. Larned, June 11.-The First National bank here closed its doors at 3 o'clock yesterday after a heavy run, induced by the controversy over the local water works. The directors hope to be able to resume soon. The sudden drain was unexpected, the bank being sound otherwise.

5. June 12, 1896 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, June 12, 1896

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Article Text

ABBREVIATED TELEGRAMS. John Wolters, a Chicago miscreant, tried to kill his wife and in doing so shot his two stepdaughters. One of the girls is dead, the other probably mortally wounded. Governor Rich has found it necessary to issue a second appeal for aid in behalf of the Michigan cyclone sufferers. The large elevator of the Chicago and Northwestern road, leased by Cargill & Co., at Green Bay. Wis., was totally destroyed by fire. Loss, about $75,000. Over 2,000 students of Harvard participated in a riot after a celebration of the victory of Harvard's ball team over Princeton. Several students were arrested. Next Sunday is children's day in the churches througout the land and also the centennial of the adoption of the stars and stripes. Clifford Best, of Chicago, has sued the ) Cleveland, Cincinnati, Chicago and St. Louis railroad before Judge Goggin for $25,000 for the loss of a foot, the result of a collision. A mass meeting of the coal miners of e northwestern Colorado adopted resolutions ) ordering a general strike in all the northern Colorado mines until the differences existing between the United and the Gladstone Coal companies and their employes e are adjusted and agreements signed. Rudolph Schreiver, of Lincoln, Iils., hanged himself to a beam in his barn because he could not raise enough money to t pay a fine for drunkenness. J. R. Landers, of Oshkosh, Wis., implicated in the directory swindle, pleaded guilty to using the mails for fraudulent purposes and was fined $109. His light sentence was due to the fact that he furnished evidence for the conviction of the prime movers. The swindlers máde $300,000. An agreement has been made between this government and Mexico for a daily international registered mail-pouch ex1 change between St. Louis, Mo., and the 1 City of Mexico, to go into operation July 1. County Clerk Anderson, of West Superior, Wis., is on tria: charged with the embezzlement of $1,000 of the county's money. Obituary: At Jefferson, Ind., Captain J. 3 S. Kinnon, recently of Princeton, Ills. At Dowagiae, Mich., Spafford Tyron. At Greensburg, Ind., Henry Rankin, of Lawrence, Kans. At San Francisco, J. N. t Knowles. Mrs. Sarah Voyles secured a divorce at Hillsboro, Ills., and married another man inside of an hour. 1 At Green Forks, near Richmond, Ind., Dr. Charles Fear and Edward Wright enf gaged in a quarrel. The former was shot 2 four times. The wounds did not prove e fatal. The First National bank at Larned, Kan., has closed its doors after a heavy run induced by the controversy over the local water works. The directors hope to be able to resume soon. 8

6. June 17, 1896 The True Northerner Paw Paw, MI
Article from The True Northerner, June 17, 1896

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Article Text

Friday, June 12. Clifford Best, of Chicago, has sued the Cleveland, Cincinnati, Chicago and St. Louis railroad before Judge Goggin for $25,000 for the loss of a foot, the result of a collision. The First National bank at Larned, Kan., has closed its doors after a heavy run induced by the controversy over the local water works. The directors hope to be able to resume soon. An agreement has been made between this government and Mexico for a daily international registered mail-pouch exchange between St. Louis, Mo., and the City of Mexico,to go into operation July 1. At Green Forks, near Richmond, Ind., Dr. Charles Fear and Edward Wright engaged in a quarrel. The former was shot four times. The wounds did not prove fatal. Over 2,000 students of Harvard participated in a riot after a celebration of the victory of Harvard's ball team over Princeton. Several students were arrested. Next Sunday is children's day in the churches througout the land and also the centennial of the adoption of the stars and stripes.

7. June 18, 1896 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, June 18, 1896

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Article Text

Bank Failure at Larned, Kan. LARNED, Kan., June 11.-The First National bank here closed its doors at 3 o'clock after a heavy run, induced by a controversy over the local waterworks. The directors hope to be able to resume soon. The sudden drain was unexpected, the bank being sound otherwise.

8. June 18, 1896 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, June 18, 1896

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Article Text

IN THE face of the fact that the United States is experiencing the hardest times in the history of the country, the republican congress has spent the largest amount of money ever spent by any congress. The party has committed this proffigacy, too, against the protest of the democrats and over the veto of a democratic president. It cannot be poss'b'e that the wage-earners and producers of the land will endorse at the polls this unwarranted extravagance. Over 515 millions of dollars have been appropriated-greater than appropriations made in any one-half session of congress during the civil war. The best thing we saw while in Topeka last week was the democratic convention. The next best thing to our notion was the music by Marshall's band.-Ellinwood Advocate. As TO the music, it did not strike us just that way. The music we HEARD was first class-away up in high G; but the music we "saw?" Well it all came to us through the ear, and not through the eye. And, by-the-way everybody wants to go to the state convention at Hutchinson on August 4th and hear Marshall's famous band, as arrangements are being made to have it there. The Sappho Quartette, of Lindsborg college, McPherson county, will give a concert at the Congregational, church in this city on the evening of Monday, June 22nd. G. F. Cook came up from Keith, Ok., this week to help through the harvest. He says in Oklahoma the wheat on the low lands will not be worth cutting, while on the high lands it will run 8 to 10 bushels to the acre. Corn is up to a man's shoulder, but needs some rain now. It may sound funny, but it is the fact just the same, that the Uncle Tom's Cabin show here last Thursday was at. tended by a large and appreciative audience. The music and the specialists were splendid, and if the show had been billed under some other name the audience would hardly have recognized it as Uncle Tom's Cabin. So there were at least these mitigating circumstances. On Wednesday last the First National Bank, of Larned, the only bank in the town, closed its doors and suspended payment of deposits. It is understood that the bank was involved in some manner with the town's waterworks muddle, and the depositors, getting scared, made a run on it. The bank officials promise that it will be open for business again in a srort time, and will. will pay out in full. We hope it

9. June 18, 1896 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, June 18, 1896

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Article Text

Bank Failure at Larned, Kan. LARNED, Kan., June 11.-The First National bank here closed its doors at 3 o'clock after a heavy run, induced by a controversy over the local waterworks. The directors hope to be able to resume soon. The sudden drain was unexpected, the bank being sound otherwise.

10. July 22, 1896 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, July 22, 1896

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LARNED FIRST NATIONAL. Senator J. W. Rush in Washington to See About It. Washington. July 22.-Ex-Senator J. W. Rush of the First National bank of Larned, Kan., is here in the interest of that institution, which is in the hands of the bank examiner. The liabilities of the bank were $42,000 when the examiner took charge. This amount has been scaled down about 50 per cent, and Mr. Rush assures Comptroller Eckels that within a month he will have made arrangements to pay off the balance. The comptroller told him this afternoon that he would give him four weeks' additional time to adjust matters. If the bank's affairs are not straightened by that time a receiver will undoubtedly be apppointed. Mr. Rush is confident of his ability to put the institution on its feet again.

11. September 30, 1896 The Morning Times Washington, DC
Article from The Morning Times, September 30, 1896

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Receiver of Kansas Bank. Comptroller Eckels has appointed John DeCon receiver of the First National Bank of Larned. Kansas, which failed several weeks ago.

12. September 30, 1896 Evening Journal Wilmington, DE
Article from Evening Journal, September 30, 1896

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Bank Receiver Appointed. WASHINGTON, Sept. 30.-The comptroller of the currency has appointed John De Cou received for the First National bank of Larned, Kan.

13. October 1, 1896 Marietta Daily Leader Marietta, OH
Article from Marietta Daily Leader, October 1, 1896

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CONDENSED NEWS Wathered From All Parts of the Country by Telegraph. Controller Eckels Tuesday appointed John Decon receiver of the First national bank of Larned, Kas., which failed several weeks ago. At Newmarket Wednesday the Hope ful stakes was won by Lord Dunham's Hellebore; P. Lorillard's Berzak serond and Count de Berteux's Friolers third. Nearly the entire business portion of Dushville, a small town near Shepherd, Mich., was destroyed by fire Monday night. The loss will reach into the thousands. At the Eighth congressional district republican convention in Boston Tuesday afternoon, Congressman Samuel W. McCall, of Winchester, was unanimously renominated. The strike of the Canad an Pacific dispatchers has not extended to the Soo or South Shore roads in the vicinity of Marquette, Mich., and according to local dispatchers it is not likely to. The Canadian Pacific Railroad Co. hired seven men in Boston Tuesday to take the places of the men who have gone on a strike. The new hands left Tuesday evening and went to work Wednesday. France has concluded treaties with Austria and Italy in regard to Tunis, and now En agland's refusal to renounce her most favored nation rights alone prevents Tunis from becoming absolutely French territory A riot occurred Tuesday near Ligioner, Pa., over a disputed tract of land in which Superintendent Senfft, of the Ligonier Valley railroad was shot in both legs. A number of others were badly hurt, being beaten with clubs. At Evansville, Wis., 13 business houses were burned, the total loss being estimated at $30,000, with very little insurance. The fire broke out at 9 o'clock in Shorr's livery barn and spread rapidly. The entire southeast of Main street was destroyed. The large barge, Sumatra, foundered off the government pier, Milwaukee, Wis., Wednesday morning, and four of the crew were drowned. The dead are all from West Bay City, Mich. They are: Arthur Burnstead, Charles Hemmer, Patrick Petersen, Peter Anderson. A dispatch from Bombay says the drought continues in northern and central India, where there has been no rain for many weeks. The crops in those sections have utterly failed, and grain riots have occurred in many places as the result of the scarcity of cereals. In a fit of jealous fury William Lee, alias Brozeau, shot and instantly killed Jennie Jones, a young woman with whom he had been living at 1021 North Eleventh street, St. Louis at 1 o'clock Tuesday afternoon. Two bullets pierced the woman's brain. Lee was arrested shortly after the murder. The Rio Grande Western line, which experienced such severe troubles by the floods in western Colorado and eastern Utah, has resumed its transcontinental freight and passenger service. Its eastbound passenger train left Salt Lake on time Tuesday evening and no further delay is anticipated. It is reported at Victoria, B. C., that the British cruiser Wild Swan struck a submerged rock in Calao harbor while under full speed. Those who knew the place say that her chances for escape from total destruction are few. The Wild Swan is the smallest vessel of the Pacific coast squadron and a rather inferior type of vessel.

14. March 3, 1897 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 3, 1897

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LARNED-The comptrollerof thecurrency has ordered a 30 per cent dividend to be paid by the receiver of the First National bank of this city. The receiver is now paying out the money, which will be of great assistance to those having claims against the bank. It means that probably $10,000 or $12,000 will be placed in active circulation.

15. March 11, 1897 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, March 11, 1897

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Leavenworth saloons are now open Sundays. Jim Troutman has gone to Europe on legal business. The Emporia cannery will resume operations this year. The Hutchinson Southern has suspended tracklaying at present because of the mud. The county assessore of Harvey county have raised the valuation of cattle, corn and wheat. A shoe and clothing house was robbed of $200 worth of gents' furnishing goods at Chanute on March 1. The boodle expose in the senate will be dropped. If searched to the bottom too many inter-party scandals would arise. The elm buds are already swelling and the red birds can be heard warbling their usual becoming spring-time songs. The senate cannot deny a man the privilege of the state house. The senate simply has control of its own chamber and the approaches to it. The farmers have begun to prepare their ground for seeding, and they say that the ground never was in better condition than it is at the present time. The Hutchinson military band has been reorganized and is determined to eclipse all former successes this year. The new membership will number twenty-four. Charies Linch died last week in the Payne county jail. He has been a county charge for four or five years. At one time Linch was private secretary to Senator Plumb of Kansas. The Ellsworth city council has let the contract for a hook and ladder truck at a cost of $210. The job was let to home contractors and the money will be retained at home. A Haven man had the misfortune to fall off of a load of lumber and be run over by one wheel of the wagon, but will soon be around again, as his injuries were nat of a serious nature. Oklahoma has fewer elopements than any other section of the country. But if the new marriage bill passes they will be frequent. The Kansas line will be known by every swain in the Strip. The city council at Downs will provide a means to water the plants, grass and trees in the cemetery this spring and summer season. Petitions have been presented the city council to that effect. The best thing the Hutchinson News has said for a long time was. the remark that when the Botkin bill was up for discussion a member from Wichita moved an amendment exempting cities of the first class. A jewelery at Paola was robbed of $500 worth of jewelry between 12 and 12:40 o'clock March 2d while the proprietor was gone to dinner. Twentysix gold watches, four gold plated chains and 186 gold rings were taken. The comptroller of the currency has ordered a 30 per cent dividend to be paid by the receiver of the First National bank of Larned. The receiver is now paying out the money, which will be of great assistance to those having claims against the bank. It means that probably $10,000 or $12,000 will be placed in active circulation. Charles Styles, who has just finished a tour of the Rock Island, says while at Goodland he witnessed the sale of a bank building there built of brick with all modern appointments, in good condition and located on a corner in the center of the town, that brought only $60, and the accumulated taxes amounting in all to $106, and that the city that once had 2,500 inhabitants now has less than 1,000. Paul Ereenwald. a stockman living near Bonner Springs, killed a large rattlesnake on his ranch Thursday. The reptile had been thawed out by the warm weather during the latter part of February and had crawled out of its winter den. Mr. Greenwald found the snake coiled up in a cow path and he had a lively fight with it before he killed it. The reptile was placed on exhibition in Bonner Springs It was four feet long and had eight rattles. J. B. McKibben and Sam Willard, two convicts in the United States penitentiary at Fort Leavenworth, were outside the naison

16. July 12, 1897 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, July 12, 1897

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RUSH-VANDIVERT FEUD. Breaks Out Again at Larned-ExJudge Sued for $25,000. Larned, July 12.-The old feud between J. W. Rush and ex-Judge Vandivert has broken out again and the citizens of Larned are lining up on the side on which their respective sympathies tend. The latest phase is a suit brought by J. W. Rush against Judge Vandivert for $25,000 for false imprisonment, permanent injury and impairment to health, injury of reputation and standing in the community where he lives and the world at large, total destruction of business and credit and rendering him insolvent and a bankrupt, and in addition to the above that he was forced to employ attorneys at a great expense. Associated with Vandivert in the action are W. H. Vernon and G. W. Finney of this city, F. D. Smith of Kinsley, S. R. Peters of Newton, E. A. Austin of Topeka and C. N. Sterry of Los Angeles, Cal. In addition to the above, Mr. Rush sued him for $200. This, it is charged, was for money that Vandivert borrowed in December, 1895, to go to Old Mexico to see a bull fight. C. J. Chaddick also brought suit for $38, the value of a suit of clothes purchased before the holidays last year. O. F. and E. R. Norwood are about to commence suit against J. C. Fry, his bondsmen and others for taking possession of and destroying the Norwood stock of dry goods, through which the First National bank lost several thousand dollars. In connection with this suit crops out the fact that anyone who holds a receiver's certificate against the First National bank can get it cashed for 100 cents on the dollar on presentation. This is due to the efforts of Mr. J. W. Rush. Judge Vandivert had been out of the city some time, when suddenly appearing last week service for the various suits was secured upon him.

17. July 13, 1897 Kansas City Journal Kansas City, MO
Article from Kansas City Journal, July 13, 1897

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THE RUSH-VANDIVERT FEUD. Latest Phase Is a Suit for $25,000 Damages Brought Against l'andivert. Larned, Kas., July 12.-The old feid between J. W. Rush and ex-Judge Vandivert has broken out again and the citizens of Larned are lining up on the side on which their respective sympathies tend. The latest phase is a suit brought by J. W. Rush against Judge Vandivert for $25,COO for false imprisonment, permanent injury and impairment to health, injury of reputation and standing in the community where he lives and the world at large, total destruction of business and credit and rendering him insolvent and a bankrupt, and in addition to the above that he was forced to employ attorneys at a great expense. Associated with Vandivert in the action are W. H. Vernon and G. W. Finney. of this city; F. D. Smith. of Kinsley: S. R. Peters, of Newton: E. A. Austin, of Topeka, and C. N. Sterry, of Los Angeles, Cal. In addition to the above, Mr. Rush sued him for $200. This, it is charged, was for money that Vandivert borrowed in December, 1895, to go to Old Mexico to see a bull fight. C. J. Chaddick also brought suit for $38. the value of a suit of clothes purchased before the holidays last year. O: F. and E. R. Norwood are about to commence suit against J. C. Fry. his bondsmen and others for taking possession of and destroying the Norwood stock of dry goods, through which the First National bank lost several thousand dollars. In connection with this suit crops out the fact that anyone who holds a receiver's certificate against the First National bank can get It cashed for 100 cents on the dollar on presentation. This is due to the efforts of Mr. J. W. Rush. Judge Vandivert had been out of the city some time, but suddenly appeared last week, when service for the various suits was secured upon him.