Kansas Trust & Banking Company (Atchison, KS)

Episode Information

Episode UID
601064191119
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
60106419 hash
Start Date
March 14, 1893
Location
Atchison, Kansas (39.563, -95.122)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
779b7ad50c9c57b1

Response Measures

None

Events (2)
1. March 14, 1893 Receivership
Newspaper Excerpt
Judge Foster named Freeland Tufts of Kansas City, as receiver and he at once came here and took charge of affairs of the concern.
Source
newspapers
2. March 14, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Heavy loans on Kansas land at boom prices; assets inadequate to cover liabilities, leading to abrupt closure
Newspaper Excerpt
closed its doors at 7 o'clock last night
Source
newspapers

Newspaper Articles (18)
1. March 14, 1893 Evening Journal Wilmington, DE
Article from Evening Journal, March 14, 1893

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WITHOUT ANY WARNING Doors of the Kansas Trust and Banking House Closed. DEPOSITS TAKEN RIGHT ALONG The Company Owns Thirty Thousand Acres of Land in Kansas and $20,000 Worth of Real Estate-Ex-Senator Ingalls, the President of the Concern a Heavy Loser-Scores of Local Depositors. ATCHISON, Kan., March 14.-The closing of the doors of the Kansas Trust and Banking Company, of this city at 7 o'clock last night has caused a great sensation. An application for the appointment of a receiver was filed in the United States District Court at Topeka by the eastern creditors of the institution. Judge Foster named Freeland Tufts of Kansas City, as receiver and he at once came here and took charge of affairs of the concern. The liabilities of the bank are estimated at $800,000 and the assets, so the officers claim will fall not far short of that amount. The company owns 30,000 acres of land in Kansas and $20,000 worth of real estate in this city. Ex-Senator John J. Ingalls, the president of the concern, loses about $10,000. R. M. Manley, vice president and general managerloses about $250,000 of his own and property belonging to the estate of his father, George Manley. In the United States Court yesterday Manley confessed judgment for the es. tate of his father to the amount of $78,000. A confession of judgment was also made by him as manager to the company to the amount of $10,000. Every dollar that the Manleys possessed has been lost in the crash. E. G. Armsby, cashier of the company, loses $20,000. The company was organized in 1886, with a capital of $100,000. The principal part, if not all, the capital stock was subscribed by ex-Senator Ingalls, A. R. Manley and the Manley estate, and E. G. Armbys. The statement of the Manley party is that the receivership is in the interests of the holders of the obligations of the company and will result in a liquidation of all claims. The company became slightly embarrassed over two years ago, at the time when the best land companies were compelled to succumb to the general depression and was obliged to borrow largely to meet immediate de mands. The concern loaned considerable money three years ago, on Kansas property, at boom figures and was compelled to fore close in many instances without any chance of realizing as much as had been advanced on the same. The bank was also trustee for large amounts of money that belonged on property in Central and Western Kansas. Eastern creditors who were given first mortgages are amply recured. There are many local depositors who have from $500 to $1,000 on deposit in the bank. It is said that the bank continued to receive deposits up to the hour of closing and there was not the slightest intimation that the crash was to come so soon.

2. March 15, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 15, 1893

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BOOM PRICES FOR LAND Caused Ex-Senator Ingalls' Bank at Atchi. son to Fail. ATCHISON, KAS., March 14.-The Kansas Trust and Banking Company, of which Senator Ingalls is president, closed its doors last night. The liabilities of the concern are estimated at $800,000 and the assets will probably reach $700,000. The company owns 30,000 acres of land in Kansas and about $20,000 worth of property in this city. R. M. Mantley, general manager, loses $850,000. Freeland Tufts, of Kansas City, was appointed receiver by Judge Foster in the United States court at Topeka. There was about $30,000 on deposit when the bank closed its doors. Senator Ingalls loses only about $10,000. The concern loaned considerable money on Kansas property at boom figures and was compelled to take it in and was unable to realize.

3. March 15, 1893 Fairhaven Herald Fairhaven, Bellingham, WA
Article from Fairhaven Herald, March 15, 1893

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THE NEWS BY TELEGRAPH A Receiver for the Kansas Trust and Banking Company A BIG STRIKE ANTICIPATED Ten Thousand Men Expected to go Out in Chicago-Destructive Fire in Arkansas City ATCHISON, Kan., March 14-A sensation was created last night when A. Tufts, of Kansas City, appeared here and took possession of the Kansas Trust and Banking Company, as receiver. The company was organized in 1886 with a capital of $100,000. ExSenator John J. Ingalls is president of the concern, R. H. Manley, vice president, and E. G. Armsby, cashier. The principal part of the capital was furnished by the Manley family and Ingalls.

4. March 15, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, March 15, 1893

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A BANK IN TROUBLE. Atchison, Ks., March 14.-A sensation was created last unight when Aeling Tuffts, of Kansas City appeared here and took possession of the Kansas Trust and Banking Company, as receiver. The company was organized in 1886, with a capital of one hundred thousand dollars. Ex-Senator John J. Ingalls is president of the concern and had $7,500 Invested in it. The liabilities are $800,000. The assets, it is believed, If prudently managed, will pay all demands in full.

5. March 15, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, March 15, 1893

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The Kansas Banking and Trust Company at Atchison Very Suddenly Collapses. Liabilities of the Concern Placed at $800,000, With Assets Considerably Less. Private Estates of the Manager Turned Over-Ex-Senator Ingalls the President. ANSAS CITY, March 15.-A special from Atchison, Kan., says: The Kansas Trust and Banking company, of which ex-Senator Ingalls is president, closed its doors at o'clock p. m. The liabilitie of the concern are estimated at $80.000 and the assets will probably reach $700,000. The company owns 30,000 acres of land in Kansas and about $20,000 worth of property in this city. H.M. Manley, general manager, loses $250,000. Fratand Tufts of Kansas City was appointed receiver by Judge Foster in the United States court at Topeka. There was about $80,000 its on deposit when the bank closed doors. Ex-Senator Ingails loses only about $10,000. The concern loaned con siderable money on Kansas property at boom figures and was compelled to take it in. and was unable to realize as much as had been advanced. In the United States court Manager Manley confessed judgment for the estate of his father to the amount of $78,000. A confession of judgment was also made by him as manager of the to the amount of $10,000. dollar that the possess company Every Manleys has been lost in the crash. M. G. Armsby, cashier of the company, loses $20,000. Will Pay in Full. The company was organized in 1886 with a capital of $100.000. The principal part, though not all the capital stock. was subscribed by ex-Senator Ingalls, R. M. Manley and the Manley estate and E. G. Armsby. involved. No other The Atchison parties were statement of Mr. Manley is to the effect that the receivership is in the interest of the holders of the obligations of the company and will result in a complete liquidation of all claims. There are many local depositors who had from $500 to $5,000 on deposit in the bank. The bank continued to receive deposits up to the hour of the closure, and there was not the slightest intimation that the crash was to come so soon. All Creditors Protected. Mr. T. F. Bird, attorney for the Eastern creditors. said: I.I understand that the affairs of the company have not been in good shape for some time. The company has three classes of creditors -first, the holders of first mortgages-on real estate in Kansas, which loans were guaranteed by the company; second, holders of debentures, which weae protected by deposit of mortgages with a trustee in amount with the debentures issued, and third. creditors holding the notes of the company for borrowed money. 'The first two classes are fully protected by their securities and the latter class are secured by the company, so in no sustained of Of that, by my any opinion, the loss creditors. will be course the stockholders will lose unless the company can be reorganized. The company has about 30.000 acres of land, all of which is rented and rents are sufficient to pay mortgages on land. Might Reorganize. "There will probably be an effort made to reorganize the company and I think reorganization may be effected if the creditors get together and find out that united action will be the best for all parties, and take that action." General Manager Manley refused to make a statement.

6. March 15, 1893 Wheeling Register Wheeling, WV
Article from Wheeling Register, March 15, 1893

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THEY LOANED MONEY At Boom Figures, and the Security Failed to Cover the Loans. ATCHISON, KANS., March 4.-The Kansas Trust and Banking Company, of which Senator Ingalls is President, closed its doors last night. The liabilities of the concern are estimated at $800,000. and the assets will probably reach $700,000. The company owns 30,000 acres of land in Kansas, and about $20,000 worth of proR. this in city, perty M. Mantley, General Manager, loses $250,000. Freeland Tufts, of Kansas City, was appointed receiver by Judge Foster in the United States court at Topeka. There was about $30,000 on deposit when the bank closed its doors. Senator Ingalls loses only about $10,000. The concern loaned considerable money on Kansas property at boom figures, and was compelled to take it in and was unable to realize.

7. March 15, 1893 New-York Tribune New York, NY
Article from New-York Tribune, March 15, 1893

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BIG KANSAS BANK FAILS. THE LIABILITIES AMOUNT TO $300,000. X-SENATOR INGALLS WAS ONCE PRESIDENT, BUT LOST NOTHING-MONEY ADVANCES ON LAND AT BOOM VALUES CAUSED THE CRASH. Atchison, Kan., March 14.-The closing of the doors Kansas Trust and 7 o'clock last night a An application for the a of city. tion. the at Banking has appointment caused Company, great of of sensa- this receiver was filed in the United States District Court of the Freeland Tufts. of as named at creditors he Topeka yesterday, institution. Kansas and by took City, Judge the charge receiver, Eastern of Foster the and at once came here affairs of the concern. The liabilities of the concern are estimated at $800,000, and the assets, so the officials assert, will fall not far short of that amount. owns 30,000 acres real estate worth $20,000 in John J. once The and Ex-Senator company Ingalls, this of president land city. in Kansas of was said to to a reporter that he got of the concern concern, however, out Manley. have before lost vice-president the $10,000. had crash came, He all and said his and general to-day. money lost R. M. loses about own to the estate In the United judgment for estate manager. erty les. confessed belonging States $250,000 the of Court his of father, his yesterday of his George and father Manley prop. Man- to of also made by as manager the was amount $78,000. him A confession to the of company judgment to nothing. Every dollar that the Man- the the amount of $10,000. possess has been in G. cashier of the company, Atchison business house is other lets Armsby, lost involved the loses crash. $20,000. in the E. crash. No was organized in 1886, with a capital of The principal part. not stock was subscribed capital M. The Manley company $100,000. by ex-Senator and if E. G. Armsby. all. Ingalis, the R. and the Manley estate statement of the Manley party is is in the interests the of the company, and will a ga'tons celvership The of result holders became in that of the liquida- slightly the obli- reof all claims. The company over two years ago, at the best land to succumb to the general pelled embarrassed tion when loan companies depression. were the com- time and was obliged to borrow largely to meet Immediate demands. The concern loaned considerable money three years ago on Kansas property at boom and was compelled to without any chance of as advanced on the same. stances End figures, been foreclose realizing The bank in had many much was been also in- as trustee for large amounts of money which leaned on property in Central and Western Kansas. Eastern creditors who received first mortgages, are amply secured. There are many local depositors who had from $500 to $1,000 on deposit in the bank. of Kansas City, who obtained the apof a receiver, was seen he pointment L.F. Bird, and asked what that knew about the matter. He said: "I understand the affairs of the company have not been in good shape for some time. The company has three classes of creditors. First. the holders of first mortgages on real in Kansas, which loans were guaranteed by the second. holders of by deposit of mortgages a protected estate company: debentures, with trustee which and third, equal were in amount with the debentures issued: creditors holding the notes of the company for borrowed money. The first two classes are fully protected by their securities and the latter class are secured by the company. so that, in my opinion, no loss will be sustained by any of the creditors. Of course. the stockholders will lose unless the company can be reorganized." No money is on deposit. as the company has not done a general banking business for over a year. The creditors in Atchison, who hold $125,000 of debenture bonds, are not complaining, as they regard their securities as good. E. G. Armsby recently announced his intention of withdrawing from the concern and engaging in other business. and It is said that this hastened the crash. Manley Is practically a bank rupt.

8. March 16, 1893 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, March 16, 1893

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GREAT FAILURES. The Kansas Trust and Banking Co. Closes Its Doors. HON. J. J. INGALLS WAS PRESIDENT. "Boom" Loans Provea Boomerang-Great Failure of a Boston House Furnish Company-The Reading Liabilities. ATCHISON, Kan., March 14. -The Kansas Trust & Banking Co., of which exSenator Ingalls is president, closed its doors at 7 o'clock last evening. The liabilities of the concern are estimated at $800,000 and the assets will probably reach $790,000. The company owns 30,000 acres of land in Kansas and about $20,000 worth of property in this city. R. M. Manley, general manager, loses $250,000. Freland Tuft, of Kansas City, was appointed receiver by Judge Foster in the United States court at Topeka. There was about $30,000 on deposit when the bank closed its doors. Senator Ingalls loses only about $10,000. The concern loaned considerable money two years ago on Kansas property at boom figures and was compelled to take it in, and was unable to realize as much as had been advanced. THE READING FAILURE. PHILADELPHIA, March -The statement of the receivers of the Philadelphia & Reading Co. and the Philadelphia & Reading Coal & Iron Co. of the current liabilities and assets of both companies on February 20, 1893, was given to the press last night. The statement shows excess of current liabilities over assets of $2,693,043.60. GREAT FAILURE IN BOSTON. BOSTON, March 14. -The Atkinson House Furnishing company with fourteen branches in New England, has assigned to Charles F. Libbey of Portland. The liabilities are $1,500,000 and the assets are estimated at $3,000,000. The trouble was caused by the stringency in the money market and inability to meet a call loan Saturday.

9. March 16, 1893 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, March 16, 1893

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LOANED AT BOOM PRICES Senator Ingalls' Bank Forced to the Wall. KANGAS CITY, March 15.-A special from Atchison, Kan., says: The Kansas Trust and Banking company, of which ex-Senator Ingalls is president, closed its doors at 7 o'clock p. m. The liabilities of the concern are estimated at $800,000 and the assets will probably reach $700,000. The company owns 80,000 acres of land in Kansas and about $20,000 worth of property in this city. H. M. Manley, general manager, loses $250,000. Fratand Tufts of Kansas City was appointed receiver by Judge Foster in the United States court at Topeka. There was about $80,000 on deposit when the bank closed its doors. Ex-Senator Ingails loses only about $10,000. The concern loaned considerable money on Kansas property at boom figures and was compelled to take it in, and was unable to realize as much as had been advanced. In the United States court Manager Manley confessed judgment for the estate of his father to the amount of $78,000. A confession of judgment was also made by him as manager of the company to the amount of $10,000. Every dollar that the Manleys possess has been lost in the crash. M.G. Armsby, cashier of the company, loses $20,000. Will Pay in Full. The company was organized in 1886 with a capital of $100,000. The principal part, though not all the capital stock, was subscribed by ex-Senator Ingalls, R. M. Manley and the Manley estate and E. G. Armsby. No other Atchison parties were involved. The statement of Mr. Manley is to the effect that the receivership is in the interest of the holders of the obligations of the company and will result in a complete liquidation of all claims. There are many local depositors who had from $500 to $5,000 on deposit in the bank. The bank continued to receive deposits up to the hour of the closure, and there was not the slightest intimation that the crash was to come SO soon.

10. March 16, 1893 Mexico Weekly Ledger Mexico, MO
Article from Mexico Weekly Ledger, March 16, 1893

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Failed For a Million. ATCHISON, Kas., March 13.-At a late hour to-night the Kansas Trust Company, of which ex-Senafor John J. Ingalls is the president and which has its headquarters in this city, assigned. The liabilities are placed at $1,000,000.

11. March 16, 1893 Phillipsburg Herald Phillipsburg, KS
Article from Phillipsburg Herald, March 16, 1893

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THE Kansas Trust and Banking Company, of which John J. Ingalls was president, has passed into the hands of a receiver. The assets are placed at 30,000 acres of Ransas farm land and $20,000 worth of Atchison city property, while the liabilities are said to be $800,000. Fifty Atchison people are caught to the extent of $125,000. John J., however, got his money out before the crash came.

12. March 17, 1893 People's Party Paper Atlanta, GA
Article from People's Party Paper, March 17, 1893

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An Iridescent Failure. The Kansas Trust and Banking Company, of Atchison, of which exSenator J. J. Ingalls, of Kansas, was president and a large stockholder, was put in the hands of a receiver by the Federal court Tuesday.

13. March 17, 1893 Bismarck Weekly Tribune Bismarck, ND
Article from Bismarck Weekly Tribune, March 17, 1893

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LOANED AT BOOM PRICES. Senator Ingalls' Bank Forced to the Wall. KANSAS CITY, March 15.-A special from Atchison, Kan., says: The Kansas Trust and Banking company, of which ex-Senator Ingalls is president, closed its doors at 7 o'clock p. m. The liabilities of the concern are estimated at $800,000 and the assets will probably reach $700,000. The company owns 30,000 acres of land in Kansas and about $20,000 worth of property in this city. H. M. Manley, general manager, loses $250,000. Fratand Tufts of Kansas City was appointed receiver by Judge Foster in the United States court at Topeka. There was about $80,000 on deposit when the bank closed its doors. Ex-Senator Ingails loses only about $10,000. The concern loaned considerable money on Kansas property at boom figures and was compelled to take it in. and was unable to realize as much as had been advanced. In the United States court Manager Manley confessed judgment for the estate of his father to the amount of $78,000. A confession of judgment was also made by him as manager of the company to the amount of $10,000. Every dollar that the Manleys possess has been lost in the crash. M. G. Armsby, cashier of the company, loses $20,000. Will Pay in Full. The company was organized in 1886 with a capital of $100,000. The principal part, though not all the capital stock, was subscribed by ex-Senator Ingalls, R. M. Manley and the Manley estate and E. G. Armsby. No other Atchison parties were involved. The statement of Mr. Manley is to the effect that the receivership is in the interest of the holders of the obligations of the company and will result in a complete liquidation of all claims. There are many local depositors who had from $500 to $5,000 on deposit in the bank. The bank continued to receive deposits up to the hour of the closure, and there was not the slightest intimation that the crash was to come so soon.

14. March 17, 1893 Semi-Weekly Interior Journal Stanford, KY
Article from Semi-Weekly Interior Journal, March 17, 1893

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ied NEWSY NOTES. sin elf -By an explosion of gas in a Pennsyl vania colliery five miners were burned to death. ho -Dr. E. E. Wiley, for 40 years presist, dent of Emory and Henry College, Bris for tol, Tenn., is dead. bt, -Senator Breckenridge has been plactv, don the judiciary committee in Senaas tor Lindsay's place. p-The attorney general decides that he building associations must list their se mortgages for taxation. he -Miss Fannie Taylor has been appointon is ed manager of the Western Union Telegraph office at Frankfort. d -The White Star steamer Naronic, a r 32 days out from Liverpool for New York, has been given up as lost. -At Alderson, I. T., nine men were i. killed and eight were probably fatally is injured by an explosion in a mine. r, -One hundred and ninety-one young dedoctora graduated from the medical y partment of the University of Louisville this week. h a -The floods in Michigan are causing t deal of damage, and factories in h Grand great Rapids and other cities have been forced to shut down. o g -Walter B. Rogers will wield the leader's baton in the Seventh Regiment Band. He is only 27, but has made much reputation as a cornet soloist. -Richard Heath, a son of the late Gen. Heath, was arrested in San Fran- Mccisco for the murder of Louis B. Whirter in Fresno last August. -The Kansas Trust & Banking Co., of is Atchison, of which Senator Ingalls president, has closed doors. Liabilities $1,000,000; assets about $800,000. -Secretary Carlisle says he will do H everything in his power to uphold main- the credit of the Government and to tain the parity of gold and silver. P -The Atkinson House Furnishing in Company, with several establishment New England, has assigned. Liabilities over $1,500,000 and assets $3,000,000. R -Representative Kilgore, of Texas, h when asked if he was going to:ask for a re Federal appointment, said: "Not mueb; raise I am coming back to Congress to be Cain." -Appraisers of the Rockafellow bank, e of Wilkesbarre, Penn., which failed reha cently, report the assets, less the mort- lia M gaged bank building at $42,469 and bilities at $432,000. C te -Wm. McAdoo, of New Jersey, to be E. fo assistant secretary of the navy, and an B. Whitney, of New York, to be assistm ant attorney general, have been appointed by the president. o O -Miss Nellie Helmick, of Urbana, O., fat lady of matchless beauty and the pos- will ha sessor a of a form of rare perfection, "AmeriCo pose as a model for the statue ca," for the World's Fair. ye wi -Bob Fitzsimmons will receive $19, 000 in cash and the balance in notes, qu secured by mortgage on the Crescent club's property. The fight fell $20,000 short of covering expenses -The Whisky Trust passed its divido dend, the directors claiming that meet they needed all their ready money to wr competition and to carry their whisky on hand till it is disposed of. W -Col. John F. Hager and Prof. Wilsh bur Smith are the gentlemen who have been named by Gov. Brown as the two extra World's Fair Commissioners, procon vided for in the bill recently paesed. na -After a day spent in speechifying ha over it, during which a number of mem. the wit pers showed their little knowledge of subject, the bill to prohibit farmers from kill outting Paris green on tobacco to ph worms, was killed. tio -As if to emphasize the fact that there Son no foundation for the talk about all was discrimination against editors, an editor foll the first man named by the President or Postmaster. He is Robert B. Brown, the of Meadville, Pa. the -Charlie Wells, the English plunger, in this who last season was daily indulging are he fascinating pastime of busting the ror Casino bank at Monte Carlo, has been neig entenced to eight years' penal servitude asse or swindling a woman. OWD -Mrs. Otto Saunders, of Belleville, valu threw her five small children inless Texas, well and then jumped in herself. dead When o a found the children were all pu er nd the mother was in a dying condit No cause is assigned. Morton has laid sinc that employes in the tion ule ion. Secretary Agricultural down to earn the Department will be required of a He has uati he regards as ill request the incumbents to heir laces salaries. that sinecures, found resign. several and

15. March 18, 1893 The Van Buren Press Van Buren, AR
Article from The Van Buren Press, March 18, 1893

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Collapse of the Kansas Trust and Bank. ing Co. ATCHISON. Kas. March 14.-An application for a receiver for the Kansas Trust and Banking Co. was filed in the United States district court at Topeka yesterday afternoon by the eastern creditors of the institution Judge Foster named Freeland Tufts, of Kansas City, as receiver, and he at once came here and took charge of the affairs of the concern. The liabilities of the bank are estimated at $800,000, and the assets, so the officers claim, will fall not far short of that amount. John J. Ingalls is president of the concern

16. March 18, 1893 The Weekly Intelligencer Lexington, MO
Article from The Weekly Intelligencer, March 18, 1893

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FOR NEARLY A MILLION. KANSAS TRUST AND BANKING COMPANY FAILS. Estimated Liabilities $800,000 and Assets Probably $790,000--Ex-Senator Ingalls Was Its President but Got His Money Out Before the Crash Came--Cansed by Bad Loans. ATCHISON. Kan. March 14. - The Kansas Trust and Banking company of which ex-Senator Ingalls is president. closed its doors at 7 o'clock last evening. The liabilities of the concern are estimated at $8 0,000 and the assets will probably reach $790,000. The comi any owns 30,000 acres of land in Kansas and about $20,000 worth of property in this city. R.M. Manley, general manager, loses $250.000. Freland Teft of Kansas City was appointed receiver by Judge Foster in the United States court at Topeka. R. M. Manley said that there was a strong hope that the company would be reorganized, and he believed that every person interested would be paid in full. He said that unless a reorganization could be effected he would be left flat on his back financially, The crash was produced by the depression of three years ago. The company then took on too heavy a load, but managed to carry it till the present time. The company quit doing a general banking business over a year ago and no money was therefore on deposit. Those who had placed money with the company for investment were of the more prosperous classes, and they have as yet made no clamor. John J. Ingalls has nothing to say about the failure, but said that he got all his money out before the crash came. About fifty Atchison people were caught in the wreck to the extent of $125,000. They are secured by debenture bonds. the value of which is a matter of conjecture.

17. March 22, 1893 Walker Lake Bulletin Hawthorne, NV
Article from Walker Lake Bulletin, March 22, 1893

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Miners' Meeting The miners and owners of mines in Jaggers District are requested to op meet at Jaggersville.next Saturday, March 25th, for the purpose of forming a mining district and adopting laws for the government of the same. Those interested in the welfare of the district should be on hand and take part in the proceedings. The Kansas Trust and Banking Company, of Atchison, Kansas, has gone into the hands of a receiver. John J. Ingalls, the ex-Senator, is the president and the heaviest loser.

18. December 29, 1897 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, December 29, 1897

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Judge Foster has ordered a sale of the remaining assets of the Kansas Trust and Banking Company of Atchison, which went into a receiver's hands in March 1893. John J.Ingalls was president of the company. The sale will be held in Atchison January 31st.