Hutchinson National Bank (Hutchinson, KS)

Episode Information

Episode UID
319901123
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
31990 national
Charter Number
3199
Start Date
July 19, 1893
Location
Hutchinson, Kansas (38.061, -97.930)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ed8819af7346f1bc

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
26.8%
Date receivership started
1893-11-06
Date receivership terminated
1914-03-31
OCC cause of failure
Losses
Share of assets assessed as good
26.9%
Share of assets assessed as doubtful
39.5%
Share of assets assessed as worthless
33.6%

Description

Known government receivership date (1893-11-06) is used though contemporary articles report receiver actions in 1894.

Events (6)

1. May 29, 1884 Chartered
Source
historical_nic
2. July 19, 1893 Run
Cause
Macro News
Cause Details
Financial stringency/unable to secure currency during the 1893 panic led to unexpected demands and heavy withdrawals.
Measures
Posted notice of suspension of payment; did not open doors.
Newspaper Excerpt
HUTCHINSON, Kan., July 19.-Owing to financial stringency making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors this morning, but posted a notice of suspension of payment.
Source
newspapers
3. August 8, 1893 Reopening
Newspaper Excerpt
HUTCHINSON, Kan., Aug. 8.-The suspended Hutchinson national bank resumed Monday morning. Excess of deposits over disbursements Monday was $20,000.
Source
newspapers
4. October 18, 1893 Suspension
Cause
Macro News
Cause Details
Another suspension during the broader panic/financial disturbance; officials asserted solvency but suspended payments.
Newspaper Excerpt
HUTCHINSON, Kan., Oct. 18.-The Hutchinson National bank suspended this morning. The officials claim that the bank is perfectly solvent and every one will be paid in full.
Source
newspapers
5. November 6, 1893 Receivership
Source
historical_nic
6. November 6, 1893 Receivership
Newspaper Excerpt
Known receivership date (government records) for Hutchinson National Bank.
Source
newspapers

Newspaper Articles (23)

Article from The Indianapolis Journal, July 20, 1893

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Article Text

Hatchinson National Goes Up. HUTCHINSON, Kan., July 19.-Owing to financial stringency making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors this morning, but posted a notice of suspension of payment. Assets. $251,000; liabilities, $131,000. It is the first bank failure in the history of the city.


Article from Rock Island Daily Argus, July 20, 1893

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Article Text

Bank Closed in Hutchinson. HUTCHINSON, Kas., July 20.-The Hutchinson National bank did not open its doors, but posted a notice of suspension. The assets are $251,000 and liabilities $131,000. The bank is in good condition and under ordinary pressure would not have experienced any difficulty,


Article from The Evening World, July 25, 1893

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Article Text

TWO BANKS TO RESUME. Cashier Iomas of a Defunct Bank in Texas Commits Suicide. WASHINGTON, July 25.-The Comptroller of the Currency is advised that the Hutchinson National Bank, of Hutchinson, Kan., which failed some time ago, is preparing to resume business. Mr. Eckels received a despatch this morning stating that Cashier Lomax. of the First National Bank of Vernon, Tex., which failed on Saturday. committed suicide by shooting himself this morning. The First National Bank of Cisco, Tex. which suspended payment on the 3d instant, having complied with the conditions imposed by the Comptroller of the Currency, has been permitted to reopen its doors for business.


Article from The Goodland Republic, July 28, 1893

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Article Text

Comptroller Eckels Lenient. HUTCHINSON, Kan., July 22.-The comptroller authorizes the officers of the Hutchinson National, which suspended here, to open and collect notes due. The run on the other banks failed to materialize, and more money was received on deposit than was paid out.


Article from The Sun, August 9, 1893

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Article Text

A Kansas Bank Resumes. HUTCHINSON. Kan.. Aug. 8-The National Bank of Hutchinson reopened its doors yesterday after two weeks' suspension. The bank stopped payment because of inability to meet unexpected demands.


Article from Grant County Herald, August 10, 1893

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Article Text

Kansas National Bank Resumes. HUTCHINSON, Kan., Aug. 8.-The suspended Hutchinson national bank resumed Monday morning. Excess of deposits over disbursements Monday was $20,000.


Article from The Irish Standard, August 12, 1893

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Article Text

Kansas National Bank Resumes. HUTCHINSON, Kan., Aug. 8.-The suspended Hutchinson national bank resumed Monday morning. Excess of deposits over disbursements Monday was $20,000.


Article from The Seattle Post-Intelligencer, October 19, 1893

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Article Text

A Kansas Bank Suspends. HUTCHINSON, Kan., Oct. 18.- - The Hutchinson National bank suspended this morning. The officials claim that the bank is perfectly solvent and every one will be paid in full. No statement of liabilities or assets is obtainable.


Article from The Anaconda Standard, October 19, 1893

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Article Text

A Hatchinson Bank Falls. HUTCHINSON, Kas., Oct. 18.-The Hutche inson National bank suspended this morning. The officials claim that the bank is perfectly solvent and every one will be paid in full. There is no state ment of liabilities or assets as yet


Article from The Salt Lake Herald, October 19, 1893

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Article Text

Another Bank Fails. Hutchinson, Kas., Oct, 18.-The Hutchinson National bank suspended this morning. Officials claim the bank is perfectly solvent and every one will be paid in full. No statement of liabilities or assets as yet.


Article from Baxter Springs News, October 21, 1893

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Article Text

National Bank at Hutchinson Closed. WASHING TON, Oct. 19.-Report was received at the comptroller's office that the National bank of Hutchinson, Kan., had closed its doors. The announcement occasioned much surprise and the comptroller of the currency was utterly at a loss how to account for it. The bank went under during the recent panic, but made such a good showing that it was permitted to resume business August 7.


Article from Pine Bluff Daily Graphic, October 21, 1893

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Article Text

Kunsas Bank Suspension. HUTCHINSON, Kan., Oct. 21.-The Hutchinson National bank has suspended. Every one will be paid in full.


Article from The Topeka State Journal, March 12, 1894

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Article Text

ALL ARRESTED. Officers of the Hutchinson Bank, Where Charles Martin is Receiver. HUTCHINSON, Kan., March 12.-A. J. Lusk, Charles Menke and John Chapman, officers of the defunct Hutchinson National bank. were today placed under arrest by deputy United States Marshal Graves, on warrants issued in accordance with the indictment found against them by the federal grand jury now in session at Wichita, charging them with making false entries and altering the books of the bank. This is the bank that failed last summer and was subsequently allowed to resume business by the comptroller, but again failed in a few weeks thereafter and is now in charge of Charles Martin of Topeka as receiver. Lusk and Menke, president and cashier, were placed under $10,000 bonds each, and Chapman, bookkeeper, under $2,300. which they succeeded in obtaining. An affidavit has been filed with the secretary of state increasing the capital stock of The News Publishing company at Hutchinson, Kas., from $10,000 to $20000.


Article from People's Voice, March 16, 1894

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Article Text

KANSAS BANKERS ARRESTED. President, Cashier and Bookkeeper of the Hutchinson National in Trouble. HUTCHINSON, Kan., March 13.-A. J. Lusk, Charles Menke and John Chapman, officers of the defunct Hutchinson National bank, were arrested this morning by Deputy United States Marshal Graves on warrants issued in accordance with an indictment found against them by the federal grand jury now in session at Wichita, charging them with making false entries and altering the books of the bank. This is the bank that failed last summer and was subsequently allowed to resume business by the comptroller, but again failed in a few weeks later and is now in charge of Charles Martin of Topeka as receiver. Lusk and Menke. president and cashier respectively, were placed under $10,000 bonds each and Chapman, bookkeeper, under $2,500 which they succeeded in obtaining.


Article from Arizona Weekly Citizen, September 29, 1894

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Article Text

Died ofan Operation for Peritonitas HUTCHINSON, Ks., Sept. 26.-Chas. D. Martin, receiver of the Hutchinson National bank and son of Senator John Martin, died this morning after an operation for peritonitas.


Article from The Topeka State Journal, October 10, 1894

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To Succeed Charles Martin. WASHINGTON, Oct. 10.-Franklin P. Hettinger has been appointed receiver of the Hutchinson National bank of Hutchinson, Kan., vice Martin, deceased.


Article from The Guthrie Daily Leader, October 12, 1894

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New Hutchinion Bank Receiver. WASHINGTON, Oct. 11.-Comptroller Eckels to-day appointed Franklin P. Hattinger of Hutchinson, Kan., to be receiver of the Hutchinson National bank. The place is worth $3,000 a year.


Article from Barbour County Index, October 17, 1894

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Article Text

New Hutchinson Bank Receiver. WASHINGTON, Oct. 11.-Comptroller Eckels to-day appointed Franklin P. Hattinger of Hutchinson, Kan., to be receiver of the Hutchinson National bank. The place is worth $2,000 a year.


Article from Eagle River Review, October 18, 1894

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Article Text

Receiver for a Kansas Bank. Washington, D. C., Oct. 10.-Franklin P. Hettinger has been appointed receiver of the Hutchinson National bank of Hutchinson, Kas., vice Martin, deceased.


Article from Baxter Springs News, October 20, 1894

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Article Text

New Hatchinson Bank Receiver. WASHINGTON, Oct. 11.-Comptroller Eckels to-day appointed Franklin P. Hattinger of Hutchinson, Kan., to be receiver of the Hutchinson National bank. The place is worth $3,000 a year.


Article from The Topeka State Journal, April 25, 1895

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CASHIER MENKE GOES FREE. Absolved From the Charge of Embezzlement at Hutchinson. HUTCHINSON, April 25.-In the case of Charles Menke, charged with embezzlement, the defense moved to quash the information. The court sustained the motion and Menke now goes free. Menke was cashier of the Hutchinson National bank of this city that failed in August, 1893. It reopened, and again suspended operation in October of the same year. A. J. Lusk, the president of the bank and Menke were indicted by the United States grand jury for making false entries on the books of the bank. This is the bank of which Charles Martin of Topeka was receiver at the time of his death.


Article from The Topeka State Journal, August 20, 1897

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Article Text

# Hettinger for Judge. Hutchinson, Aug. 20.-The Populists of the Ninth judicial district nominated Frank P. Hettinger for judge at their convention last evening. Hettinger is a Democrat and at present is receiver of the Hutchinson National bank.


Article from Hutchinson Gazette, September 9, 1897

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We call attention this week to a notice of public sale of the remaining assets of the old Hutchinson National Bank at the office of the receiver. Mr. Hettinger, on the 30th day of September. A list of the assets can be examined at the receivers office.