Exchange Bank (Kinsley, KS)

Episode Information

Episode UID
4122173291122
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
412217329 hash
Start Date
June 17, 1893
Location
Kinsley, Kansas (37.923, -99.410)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
141c95b45fdda939

Response Measures

None

Events (5)
1. June 17, 1893 Receivership
Newspaper Excerpt
Scott Yeatman was appointed receiver by the district judge on the application of one of the stockholders. The receiver immediately took possession of the books, papers and assets of the bank
Source
newspapers
2. June 17, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
Large withdrawals triggered by reports of the bank's insecurity and liquidity problems collecting notes
Newspaper Excerpt
the unforeseen withdrawal of deposits within the last month, caused by reports of the insecurity of the bank
Source
newspapers
3. June 17, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and receiver appointed after heavy withdrawals and inability to meet demands due to illiquid assets
Newspaper Excerpt
Last Saturday morning shortly after the doors had been opened for business, the Kinsley Exchange Bank closed its doors, and within a few hours Scott Yeatman was appointed receiver
Source
newspapers
4. April 5, 1894 Other
Newspaper Excerpt
On April 5th, 1894, I will pay to the creditors of the Kinsley Exchange Bank a dividend of Ten (10) per cent, payable at the Kinsley Bank. 4-16 SCOTT YEATMAN, Receiver.
Source
newspapers
5. April 3, 1897 Other
Newspaper Excerpt
RECEIVERS SALE. I will sell on Saturday, April 3rd, 1897 ... The above is pursuant to an order of Court in the matter of the Kinsley Exchange Bank. Scott Yeatman, Receiver.
Source
newspapers

Newspaper Articles (10)
1. June 23, 1893 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, June 23, 1893

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Article Text

THE EXCHANGE BANK FAILURE, The people of Edwards county are now feeling the effects of the financial panic that is sweeping over the coantry, and are able to understand the insufficiency and insecurity of our present banking system, and the advantages of the system of government banks that is in successful operation in other countries. Last Saturday morning shortly after the doors had been opened for business. the Kinsley Exchange Bank closed its doors, and within a few hours Scott Yeatman was appointed receiver by the district judge on the application of one of the stockholders. The receiver immedi itely tock possession of the books, papers and assets of the bank, and has been busy ever since going over the books. preparatory to making a statement of the condition of the bank for the benefit of all parties interested. We are informed that a statement will be prepared next week in time for publication in our next issue. A number of the depositors desiring that an examination of the affairs of the bank should be made by Bank Commissioner Briedenthal, he was telegraphed for Monday and arrived here Wednesday noon. With the assistance of the receiver he examined the affairs of the bank during the afternoon, and afterwards made an informal statement of the condition of the bank as be found it, to a number of the depositors. From the information obtained from him and from other sources, we think that there is a strong probability that the depositors will receive a large per cent. if not all, of their money in time, unless crop conditions are such that a very great depreciation occurs in the value of the bank assets. The nominal assets are about $54,000 and the liabilities about $22,000,$14,000 of which are deposits. The assets consist of notes secured by first mortgages on real estate and chattel mortgages, real estate owned by the bank. tax certificates, and other miscellaneous property. Of course it will take some time for the receiver to collect the notes due the bank and to turn the other propinto and it is impossible for at this time, to any erty one, cash, determine accurately how much can be eventually realized from the assets, as the value of the assets will materially depend on the crops raised this season in this county. We believe that Mr. Yeatman will act honestly and diligently for the benefit of the creditors, and that everything will be done by him that is possible to realize the full value of the bank assets, and to distribute the proceeds among the creditors with as littie delay as possible. As near as we can learn the failure of the bank was caused by the unforeseen withdrawal of deposits within the last month, caused by reports of the insecurity of the bank, and the inability of the bank to collect its notes rapidly enough to meet the demands of the depositors. Nothing has appeared toshow that the bank officers have been guilty of any fraudulent acts, or that they have been incompetent or careless in their management. The failure results from conditions that could not well be foreseen or avoided. If the financial panic that is wrecking banks all over the country had not occurred, and this county had raised a good crop of wheat the bank would have undoubtedly been in good condition. As far as our knowledge extends the bank business has been conducted cantiously and conservatively. on sound banking principles, and the failure results wholly from unfavorable financialand crop conditions that could not be guarded against, under our present vicious banking system.

2. February 2, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, February 2, 1894

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# DISTRICT COURT. District court is in session this week with attorneys Dunnett and Rose of Hutchinson, E. C. Cole of Great Bend, Cline and Vernon of Larned, Mike Sutton of Dodge, Smith, French, Beezley and Wilson of Kinsley, doing business before the court, and most all the inhabitants of Lincoln and Franklin township in attendance. The following cases were disposed of: Elizabeth Lightner vs. J. M. Ebersole, verdict set aside and a new trial granted. Scott Yeatman, receiver, vs. Kinsley Co-operative Cheese Co., judgment for plaintiff. L. F. Cline vs. Ellen Cline, divorce granted. Scott Yeatman, receiver Kinsley Exchange bank vs. W. II. Robb et al, judgment for plaintiff. H. B. Oliphant vs. A. T. & S. F. R. R. Co., judgment for $96 for plaintiff. M. E. Ingraham vs. M. J. Cudney et al. judgment for defendant. Peter Strasser vs. Wm. Sieglinger, judgment for plaintiff. In setting aside the judgment in favor of Elizabeth Lightner the court indulged in some very plain talk in relation to the testimony for the plaintiff, and closed by saying that holding the views he did as to the testimony he did not care to sit in the case againt and if a new trial was had the attorneys would have to agree on a judge protem.

3. March 30, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, March 30, 1894

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Article Text

NOTICE. On April 5th, 1894, I will pay to the creditors of the Kinsley Exchange Bank a dividend of Ten (10) per cent, payable at the Kinsley Bank. 4-16 SCOTT YEATMAN, Receiver.

4. September 7, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, September 7, 1894

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Article Text

irst Published Aug 24, 1894. # PUBLICATION NOTICE.-No. 1786. The Franklin Savings Bank, a corporation, plaintiff, VS James E Crane, Emily L Crane, his wife, L G Boies, L R Kead, V D Billings, G W Mil- ner, E Howland, The Kinsley Exchange Bank, Fcott Yeatman, receiver of the Kinsley Exchange Bank, Angelines Sulli- van and Alfred B Church, Executors of the estate of Patrick S Sullivan, de- ceased, Harvey Matteson and Harriet Dickerson, executors of the estate of Russell Dickerson, deceased, the Board of County commissioners of Edwards county, Kansas, defendants. The defendants, James E Crane, Emily L Crane, his wife, LG Boies, LR Read, Ange- line 8 Sullivan and Alfred B Church, execu- tors of the estate of Patrick & Suilivan, de- ceased, Harvey Matteson and Harriet Dick- erson, executors of the estate of Russell Dickerson, deceased, and E. Howland, will take not.ce that the said plaintiff did, on the 6th day of August, 1894, file its petition in said district court, within and for the county of Edwards, in the state of Kansas, against the said defendants, and that the said defend- ants, James E Crane, Emily L Crane, his wife, LG Boies, LR Read, Angeline S Sullivan and Alfred B Church, executors of the estate of Patrick Sullivan, deceased, Harvey Mattesor and Harriet Dickerson, executors of the estate of Russell Dickerson, deceased, and E Howland, must answer said petition filed as aforesaid, on or before the 4th day of Octo- ber, 1894, or said petition will be taken as true. and a judgment rendered in said action against the defendants, James E Crane and Emily L Crane, his wife, for the sum of $4,000, with interest on the same at the rate of 12 per cent per annum from August 1, 1888, less the sum of $520, paid as interest on said amount; and costs of suit. Aud for a fur- ther judgment against all of the defendants for the foreclosore of a certain imortgage up- ou the following described real estate, situat- ed in the county of Edwards, and the state of Kansas, te-wit: Lots 3 and 4 and south half of northwest quarter, and the southwest quarter, except 50 acres described as follows: Commercing at the northeast corner of lot 3, of section 4 township 25 range 19, thence w along section line 1150 feet, hence south parallel with east line of said section 1894 feet thence east par- allel with north line of said section 1150 teet to the east line of said section 4, thence north along the east line of said section 1894 feet to place of beginning, all in section 4, township 25, range 19, west of the 6th p. m. And adjudging that said plaintiff have the first lien on said premises to the amount for which judgment will be taken as aforesaid, and ordering said premises to be sold without appraisement and the proceeds applied to the payment of the amount due plaintiff; and forever barring and foreclosing said detend- ants from ail right, title, estate, interest, property and equity of redemption in or to said preinises or any part thereof. A. J. RAPP, Cierk. [SEAL] Pollock & Love and G. E. Wilson, attorneys for plaintiff.

5. September 14, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, September 14, 1894

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frst !ublished Aug 24, 1894. # FUBLICATION NOTICE. -No. 1780. The Franklin Savings Bank, a corporation, plaintiff, VS James E Crane, Emily L Crane, his wife, L G Boies, L R Read, V D Bitlings, G W Milner, E Howland, The Kinsley Excharge Bank, Scott Yentman, receiver of the Kinsley Exchange Bank, Angeline S Sullivan and Alfred B Church, Executors of the estate of Patrick S Sullivan, deceased, Harvey Matteson and Harriet Dickerson, executors of the estate of Russell Dickerson, deceased, the Board of County Commissioners of Edwards county, Kansas, defendants. 'The defendants, James E crane, Emily L Crane, Lis wife, L G Boies. L R Read, Angeline S Sullivan and Alfred B Church, executors of the estate of Patrick S Suilivan, deceased, Harvey Matteson and Harriet Dickerson, executors of the estate of Russell Dickerson, deceased, and E. Howland, wili take not.ce that the said plaintiff did, on the 6th day of August, 1894, file its petition in said district court, within and for the county of Edwards, in the state of Kansas, against the said defendants, and that the said defendants, James E Crane, Emiy L Crane, his wife, LG Boies, LR Read, Angeline S Sullivan and Alfred B Church, executors of the estate of Patrick Sullivan, deceased, Harvey Mattesor and Harriet Dickerson, executors of the estate of Russeil Dickerson, deceased, and E Howland, must answer said petition filed as aforesaid, on or before the 4th day of October, 1894, or said petition will be taken as true. and a judgment rendered in said action against the defendants, James E Crane and Emity L Crane, his wife, for the sum of $4,0.0, with interest on the same at the rate of 12 per cent per annum from August 1, 1888, less the sum of $620. paid as interest on said amount; and costs of suit. Aud for a forther juugment against all of the defendants for the foreclosore of a certain mortgage upon the following described real estate, situated in the conuty of Edwards, and the state of Kansas, te-wit: Lois 3 and 4 and south half of northwest quarter, and the southwest quarter, except au acres described as follows: Commencing at the northeast corner of lot 3. of section 4 township 25 range 19, thence w along section line 1150 feet, hence south parallel with east line of said section 1894 feet thence east par-allel with north line of said section 1150 teet to the east line of said section 4, thence porth along the cast line of said section 1894 feet to prace of beginning, all in section 4, township 25, range 19. west of the stu p. m. And adjudging that said plaintiff have the first tien en said premises to the amount for which judgment will be taken as aforesaid, and ordering said premises to be sold without appraisement and the proceeds applied to the payment of the amount due plaintiff; and forever barring and foreclosing said delend-ants from all right, title, estate, interest, property and equity of redemption in or to said premises or any part thereof. A. J. RAPP; Clerk. [SBAL] Pollock & Love and G. E. Wilson, attorneys for plaintiff.

6. March 5, 1897 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, March 5, 1897

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RECEIVERS SALE. I will sell on Saturday. April 31d,, 1897. at 2 p. m., at the east door of the Court "House in Kinsley, the following real estate: Part of lot 3, section 4, township 25, range 19. formerly known as Wichita add about 45 acres. 1 frame store room on northwest corner of block 39. Kinsley. 1 house and 4 lots, block 6, Tewksbury's 2nd addition. Lot 2, block 19, Kinsley. Lots 19 to 24 inclusive. block 8 Tewksbury's 2nd. addition. Lots 22 and 23 block 7, Tewksbury's addition. Lots 1 to 8, 11 and 12 and 19 to 24 inclusive, K. T. & L. Co's add. to Kinsley. block 14. Set of ne}, 34, 26, 18, comprising 40 acres. Lots 7, 8 and 9, blk. 49, A. V. T. Co's add. Above are free from incumberences except taxes. The following are held by tax deeds: Lots 3, 4, 5, and 6. blk. 57, Niles E addition. Lots 3, 4, 5, 6. 7, 8, 9, 10, 11, and 12, K. T. & L. Co's add. Lots 2 3 and 4, blk. 49, A. V. T. Co's add. Lots 1, 2, 8, 4, 5, and 6, blk. 16, Gorham's add Buyers must deposit 10 per cent of purchase price; balance payable when deed is approved by the court. The above is pursuant to an order of Court in the matter of the Kinsley Exchange Bank. Scott Yeatman. F. D. West. Receiver. Auctioneer.

7. March 12, 1897 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, March 12, 1897

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RECEIVERS SALE. I will sell on Saturday. April 31d,, 1897. at 2 p. m., at the east door of the Court House in Kinsley, the following real estate: Part of lot 3, section 4, township 25. range 19, formerly known as Wichita add about 45 acres. 1 frame store room on northwest corner of block 39. Kinsley. 1 house and 4 lots, block 6, fewksbury's 2nd addition. Lot 2, block 19, Kinsley. Lots 19 to 24 inclusive. block 8 Tewksbury's 2nd, addition. Lots 22 and 23 block 7, Tewksbury's addition, Lots 1 to 8, 11 and 12 and 19 to 24 inclusive, K. T. & L. Co's add. to Kinsley, block 14. Set of net, 34, 26, 18, comprising 40 acres. Lots 7, 8 and 9, blk. 49, A. V. T. Co's add. Above are free from incumberences except taxes. The following are held by tax deeds: Lots 3, 4, 5, and 6. blk. 57, Niles E addition. Lots 3, 4, 5, 6. 7, 8, 9, 10, 11, and 12, K. T. & L. Co's add. Lots 2 3 and 4, blk. 49, A. V. T. Co's add. Lots 1. 3, 3, 4, 5, and 6, blk. 16, Gorham's add Buyers must deposit 10 per cent of purchase price; balance payable when deed is approved by the court. The above is pursuant to an order of Court in the matter of the Kinsley Exchange Bank. Scott Yeatman. F. D. West. Auctioneer. Receiver. OAGTORIA

8. March 19, 1897 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, March 19, 1897

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RECEIVERS SALE. I will sell on Saturday. April 3rd,, 1897, at 2 p. m., at the east door of the Court House in Kinsley, the following real estate: Part of lot 3, section 4, township 25. range 19. formerly known as Wichita add about 45 acres. 1 frame store room on northwest corner of block 39. Kinsley. 1 house and 4 lots, block 6, fewksbury's 2nd addition. Lot 2, block 19, Kinsley. Lots 19 to 24 inclusive. block 8 Tewksbury's 2nd, addition. Lots 22 and 23 block 7, Tewksbury's addition. Lots 1 to 8, 11 and 12 and 19 to 24 inclusive, K. T. & L. Co's add. to Kinsley, block 14. Set of net, 34, 26, 18, comprising 40 acres. Lots 7, 8 and 9, blk. 49, A. V. T. Co's add. Above are free from incumberences except taxes. The following are held by tax deeds: Lots 3, 4, 5, and 6. blk. 57, Niles E addition. Lots 3, 4, 5, 6. 7, 8, 9, 10, 11, and 12, K. T. & L. Co's add. Lots 2 3 and 4, blk. 49, A. V. T. Co's add. Lots 1, 2. 3, 4, 5, and 6, blk. 16, Gorham's add Buyers must deposit 10 per cent of purchase price; balance payable when deed is approved by the court. The above is pursuant to an order of Court in the matter of the Kinsley Exchange Bank. Scott Yeatman. F. D. West, Auctioneer. Receiver.

9. December 29, 1899 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, December 29, 1899

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Mr. Scott Yeatman left our city for Lawrence, Kans., Saturday morning. But few of those who saw his departure realized that it is extremely unlikely that we shall ever see him in our midst again. He has closed up his business affairs here having sold his interest in the real estate business to Mr. Wilson and made his final report as receiver of the defunct Exchange bank to the court. His departure is universally regretted. After visiting in Lawrence for a time he expects to go to Bogota, Colombia, South America, where he has a brother in the railway business. Beyond this his plans are undecided, he may make his home there or return to Lawrence, where his daughter resides.

10. January 5, 1900 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, January 5, 1900

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Court Notes. The case of the state against David Bear, for the murder of his son, was dismissed at the cost of the state, Edgar being present to prove that he was not dead. John Kelly, who was charged with stealing a horse at Fellsburg, plead guilty and was sentenced to the state reform school or the Hutchinson reformatory, which means that if, for any reason, he can not be received at the reform school, he will be taken to Hutchinson. He Mill be held till the authorities think he is cured of the stealing habit and then discharged. The case which excited the most interest was the Bear vs. Cunningham C DW case. A large number of witneses were in for each side, but after listening to the testimony the jury took only about five minutes to decide that the heifer in dispute belonged to Cunningham. The court costs in this case amount to $136.90, which Beare will have to pay in addition to his attorney's fees. The case of J. J. Thomas vs. William Shadwell was decided in favor of Thomas. In this case there was a dispute as to wages due, the amount in dispute being but a few dollars, but the costs have run up to about $70, which Mr. Shadwell will have to pay in addition to the judgment. On application the receiver of the Exchange bank was discharged and Mr. Hine was directed by the court to apportion the remaining money to the creditors and pay it into the court for the clerk to distribute. The case of Shadwell vs. Topliff was decided in favor of Shadwell, the jary allowing him $425. The history of this case is this: Mr. Shadwell bought the old Jake Schmidt property for $2,500, but when it came to making a deed Topliff failed to make a satisfactory deed, and Shadwell brought suit to recover the money paid out in improving the property and for the damages he had sustained in selling off his property in the country and moving to town. The attorney headed off this latter feature by coming into court and offering to make a satisfactory deed, pay all the court costs and Shadwell's attorneys. Shadwell's attorneys refused to accept this for him, which showed that Shadwell did not want to carry out the original deal so the jury gave a compromise verdict on the amount that had been expended for the betterment of the property. Topliff's attorney then, in the presence of witnesses, demanded possession of the property in the name of his client.