gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6d517552ac0d866c
Response Measures
None
Description
This is an investment trust placed in receivership by court order in 1896 and later reorganized in 1902.
Events (4)
1.April 29, 1896Other
Newspaper Excerpt
A suit was recently brought in the Shawnee county district court on $10,000 of these bonds ... The suit pending is for a receiver, and Mr. Garrison will probably determine ... whether or not he will join in the suit and ask for a receiver.
Source
newspapers
2.May 4, 1896Suspension
Cause
Government Action
Cause Details
Court-appointed receivers following suit and creditor actions; receiver order by U.S. district judge.
Newspaper Excerpt
Judge C. C. Foster, in the United States district court, has appointed C. O. Knowles, P. G. Noel and Bennett R. Wheeler receivers of the Investment Trust company of America, doing business in this city.
Source
newspapers
3.May 6, 1896Other
Newspaper Excerpt
The bond of the receivers ... was merely the temporary bond to cover the interim ... Another bond signed by some of the strongest financial men in Topeka was signed Monday and forwarded to Judge Foster at Fort Scott for approval.
Source
newspapers
4.December 2, 1902Reopening
Newspaper Excerpt
A reorganization committee ... purchased all the assets of the Investment Trust company in the federal court for the upset price of $325,000 ... the receivership of Bennett R. Wheeler will be dissolved, and the company will be ready to resume business under its original organization.
Source
newspapers
Newspaper Articles (11)
1.April 29, 1896The Topeka State JournalTopeka, KS
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Article Text
WM.LLOYD GARRISON HERE Looking After the Suit Against & Company He is Interesied In. Wm. Lloyd Garrison of Boston is in Topeka. He is one of the large holders of debenture bonds in the Investment Trust company of America and is here to investigate the condition of the company. A suit was recently brought in the Shawnee county district court on $10,000 of these bonds, and Mr. Garrison represents $500,000 of the $2,000,000, said to have been issued. The sure pending is for a receiver, and Mr. Garrison will probably determine during his stay in the city whether or not he will join in the suit and ask for a receiver.
2.April 29, 1896The Topeka State JournalTopeka, KS
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Article Text
WM.LLOYD GARRISON HERE Looking After the Suit Against a Company He is Interesied In. Wm. Lloyd Garrison of Boston is in Topeka. He is one of the large holders of debenture bonds in the Investment Trust company of America and is here to investigate the condition of the company. A suit was recently brought in the Shawnee çounty district court on $10,000 of these bonds, and Mr. Garrison represents $500,000 of the $2,000,000, said to have been issued. The suit pending is for a receiver, and Mr. Garrison will probably determine during his stay in the city whether or not he will join in the suit and ask for a receiver.
3.May 4, 1896Las Vegas Daily OpticLas Vegas, NM
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Article Text
The Day's Assignments. TOPEKA, Kansas, May 4.-The Investment trust company, of America, with headquarters here, has been placed in a receiver's hands. The company has nearly $3,000,000 in bonds outstanding and claims assets $4,000,000 in bonds, etc.
4.May 5, 1896The Salt Lake HeraldSalt Lake City, UT
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Article Text
RECEIVERS APPOINTED. TOPEKA, Kan., May 4.-Judge C. C. Foster, in the United States district court, has appointed C. O. Knowles, P. G. Noel and Bennett R. Wheeler receivers of the Investment Trust company of America, doing business in this city. The concern was a large dealer in investment bonds, and among the directors are halfra dozen New England capitalists. The advertisements of the company state that its authorized capital is $3,000,000; paid in capital, $1,400,000. The receivers are friendly to the company, Bennett R. Wheeler being secretary. The president is H. E. Ball. Wheeler says the outstanding debenture bonds of over $2,000,000 are amply secured by real estate.
5.May 6, 1896The Topeka State JournalTopeka, KS
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Article Text
The bend of the receivers of the Investment Trust Company of America referred to yesterday and signed by the receivers themselves was merely the temporary bond to cover the interim from Saturday night till Monday morning - Another bond signed by some of the strengest financial men in Topeka was signed Monday and forwarded to Judge Foster at Fort Scott for approval.
6.May 6, 1896The Bryan Daily EagleBryan, TX
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Article Text
Receivers Appointed. TopeKa, May 4.-Judge Foster of the United States district court, has appointed C. O. Knowles, P. G. Noel, and Bennet R. Wheeler receivers for the Investment Trust Company of America, doing business in this city. The concern is a large dealer in investment bonds. Advertisements of the company state its authorized capital at $8,000,000; paid in capital, $1,400,000. The outstanding debenture bonds are over $2,000,000, which are amply secured by real estate.
7.May 15, 1896The Kinsley GraphicKinsley, KS
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Article Text
At Topeka the other day Judge Foster appointed three receivers for the Investment Trust Co. of America, which has headquarters at Topeka. The outstanding debenture bonds of the company are over $2,000,000, said to be amply secured. The company is said to own 25,000 acres of land near Hutchinson.
8.June 23, 1896The Topeka State JournalTopeka, KS
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Article Text
JUDGMENT FOR $10,000. It Is Given Against the Kansas Investment Company. Judge Hazen has given a $10,000 judgment against the Kansas Investment company, which is the predecessor of the Investment Trust Company of America, which is now in the hands of receivers. The judgment is in favor of an eastern insurance company and was for a loan guaranteed by the Topeka company. The original loan was for $20,000, but $10,000 of the amount has been paid.
9.July 20, 1900The Topeka State JournalTopeka, KS
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Article Text
WOULD SELL THE THROOP. Hotel That Cost $240,000 on Market for $80,000. The receivers of the Investment Trust company are endeavoring to sell the Throop hotel in this city as an important step of settling the accounts of the defunct company. The hotel is the most valuable asset, and is being offered for sale at $80,000. The Throop hotel cost its builder, the late Col. Throop, $240,000. The $80,000 asked covers not only the building but all interior furnishings. The hotel is now being operated by the receivers with Mr. Irving W. Doolittle as manager. Mr. Doolittle has held this position for many years.
10.September 3, 1901The Topeka State JournalTopeka, KS
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Article Text
ANOTHER ADDITION. Part of Brooks Tract on West Side Platted. A new addition to Topeka has been platted. It is called the Investment addition and comprises four blocks of open territory extending from Eighth nearly to Tenth avenue, and from Lincoln to West street. It is a fraction of the old Brooks tract that was never platted. The land is now in the possession of Bennett R. Wheeler, receiver of the Investment Trust company and was platted by him as the best means of disposing of it.
11.December 2, 1902The Topeka State JournalTopeka, KS
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Article Text
SOLD FOR $325,000. Assets of Investment Trust Company Under Hammer. At 3 o'clock this afternoon a reorganization committee, represented by John A. Prescott, purchased all the assets of the Investment Trust company in the federal court for the upset price of $325,000. As soon as the sale is confirmed, the receivership of Bennett R. Wheeler will be dissolved, and the company will be ready to resume business under its original organization. The reorganization committee is composed of Mr. Prescott and two Boston capitalists, and they represent the original owners of the property. The reorganization committee will secure that interest in the company which is not represented in the reorganization, and the receipts of the sale will be used in defraying obligations and paying off the stockholders who retire. The Investment Trust company went into the hands of a receiver six years ago, and owns large amounts of real estate in Topeka and other localities.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Investment Trust Company of America · UID 4206489691156
