Mound City Bank (Mound City, KS)

Episode Information

Episode UID
4169270491132
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
416927049 hash
Start Date
April 25, 1894
Location
Mound City, Kansas (38.143, -94.814)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6be3ecffe417e9fc

Response Measures

None

Description

Article uses term 'bursted' (read as 'burst' = failed) and appoints a receiver.

Events (2)

1. April 25, 1894 Receivership
Newspaper Excerpt
T. J. Smith has been appointed receiver of the bursted Mound City bank.
Source
newspapers
2. July 8, 1897 Other
Newspaper Excerpt
The Bank of Ness City and the Mound City bank in the hands of receivers also attempted to avoid payment.
Source
newspapers

Newspaper Articles (2)

Article from The Topeka State Journal, April 25, 1894

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Article Text

SNAP SHOTS AT HOME NEWS. May day parties are being organized. Light Battery D will have new spring uniforms. P. B. Maxson has moved his family to Topeka from Emporia. T. J. Smith has been appointed receiver of the bursted Mound City bank. Bernard Kelly carries four bullets in his body received on the battlefleld. H. Von Langen will assume his duties as register of the land office about May 10th. The Arion society presented the comedy "Uncle Josh" Monday night at their rooms. It was W. J. Johnson who scored 100 per cent at the examination of postoffice employes. The police have offered to pull a joint as an experiment for the State Dental association. Secretary Adams of the State Historical society seldom leaves his desk during working hours. The St. Ananias club has not yet issued its proclamation in reference to the Coxey movement. Sells circus will not join in the march on Washington. It will go in the other direction this year. Jimmie White went fishing yesterday. Dr. C. S. McClintock cut the fishhook out of his finger last night. Officer Dagg says he is glad to get back to his beat. The duties of sergeant were too much for him. Lee Jones, A. B. Campbell, "Pick" Smith and T. J. Anderson will take part in the Elks benefit circus. J. G. Wood made a speech on silver at Frazier's hall in the third ward last night. J. G. is not for free silver. Mike Sutton of Dodge City, a Republican candidate for congress in the Seventh district, is in the city. Dr. A. H. Thompson will entertain the State Dental association at his home on West Tenth street tonight. Jordan Martin has been fined $50 and sentenced to thirty days in jail in police court for running a gambling house. Assistant Superintendent of Insurance Taylor can tell a poor story in better shape than any one in the state house. Emma Kelly has applied to the district court for a divorce from her husband, John Kelly, on the grounds of cruelty. Frank Holz, the deposed ordinance sergeant by Adjutant General Davis, has been received.as a member of Battery B. Will the council's ordinance to keep children under 16 indoors at night put a stop to the juvenile Library hall dancing parties? Dr. S. McLallin, of the Advocate, says the People's party is not a prohibition party. It wants "nationalism" in the liquor traffic. The office of State Printer Snow's Ottawa Journal is the headquarters of the Shawnee county central committee of the People's party. The books of the United States land office are being checked up and J. J. Hitt, the new receiver, will succeed J. L. Knight tomorrow. Sam Gardenhire has introduced some large inkstands into his office. The attorneys who visit the office say they will make good weapons. Judge Silver says he does not see how a christian man can pray for the abolition of the saloon and then vote the Republican, Democratic or Populist tickets. Special services were begun at the Church of the Assumption on Sunday evening in memory of the forty hours adorations and ended last evening. Chester I. Long, the well-known Republican congressional candidate in the Seventh district, at one time read law in Topeka with Johnson, Martin and Keelar. The old asphalt walk in front of the city ,building ought to be put on Sidewalk Inspector Brussman's list. He seems afflicted with a peculiar blindness when in that locality.


Article from The Topeka State Journal, July 8, 1897

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Article Text

BURST BANKS MUST PAY. State Will Collect Fees the Same as From Sound Institutions. Banks in the hands of receivers cannot evade the payment of fees for an examination by the bank commissioner. James Snoddy who was removed as attorney for the Citizens' bank of Mound City advised the receiver who has also been removed to not pay for the examination of the bank. The Bank of Ness City and the Mound City bank in the hands of receivers also attempted to avoid payment. Commissioner Breidenthal asked for an opinion from the attorney general. That official notified the commissioner as follows: "It is evident that a bank in the hands of a receiver is a corporation doing business under its charter which has not been revoked. In fact if the charter of the bank had been revoked a receiver could not be appointed to wind up its business, and a charter will only be revoked when the business is wound up by the receiver. Then, for all intents and purposes under the law it is a bank in every sense of the word and is liable to pay the same fee for an examination as any other state bank in Kansas. "It is not to be presumed that the state of Kansas will make an examination of these banks in the hands of receivers gratuitously, but the examination is made under law for the benefit of the depositors and for the further purpose of keeping the court who appointed the receiver thoroughly posted in reference to the financial condition of the institution and the manner in which the receiver is performing his duty."