Article Text
THEFT WRECKS A BANK Special to the Jersey City News. FORT SCOTT, Kas., Oct. 14, 1895.-The State Bank of this city suspended today because of the defalcation of Cashier Coleman, who is said to have stolen $30,000.
State Bank (Fort Scott, KS)
Episode Information
- Episode UID
6682470691150- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Bank ID
-
668247069hash - Start Date
- October 14, 1895
- Location
- Fort Scott, Kansas (37.840, -94.708)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
0bc388b9456c01db
Response Measures
None
Description
Cashier name appears as Colean (also reported as Coleman in one article); suspension followed by receiver and dividend payments.
Events (3)
1.
October 14, 1895
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Defalcation/embezzlement by cashier J. R. Colean (losses in speculation and systematic theft revealed).
- Newspaper Excerpt
- This bank is closed, subject to the order of the state bank commissioner. Depositors will be paid in full.
- Source
- newspapers
2.
October 17, 1895
Other
- Newspaper Excerpt
- A large crowd of excited depositors gathered around the bank doors and discussed the situation.
- Source
- newspapers
3.
December 18, 1895
Receivership
- Newspaper Excerpt
- C. W. Mitchell, receiver of the defunct State bank, has commenced payment of the first dividend and all depositors who call receive 25 per cent of their deposit.
- Source
- newspapers
Newspaper Articles (20)
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Article Text
Bank Suspended. KANSAS CITY, Oct. 14.-The State bank at Fort Scott closed today by order of the state commissioner. The failure was caused by the cashier defaulting.
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A THIEVING CASHIER. The State Bank at Fort Scott, Kan., Forced to suspend. FORT SCOTT, Kan., Oct. 15.-This morning Vice President J. J. Stewart, of the state bank of this city, posted the following notice at the hour of opening: This bank is closed, subject to the order of the state bank commissioner. Depositors will be paid in full. The failure to open is caused by the defalcation of the cashier. J. J. STEWART, Vice President. A large crowd of excited depositors gathered around the bank doors and discussed the situation. The cashier, J. R. Colean, has had the utmost confidence of all. He had been cashier since the bank was organized in 1883. Last Wednesday he left town, saying that he was going to his old home in Jerseyville, III., where his wife is visiting. Colean confessed to D. F. Coon, president of the bank, in the West End hotel in St. Louis last Saturday night that he had lost $25,000 in speculation in stocks and bonds. An investigation showed that the theft had been systematically practiced for a period of over two years, and covered up by a manipulation of the bank books.
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Article Text
A THIEVING CASHIER. The State Bank at Fort Scott, Kan., Forced to Suspend. FORT SCOTT, Kan., Oct. 15.-This morning Vice President J. J. Stewart, of the state bank of this city, posted the following notice at the hour of opening: This bank is closed, subject to the order of the state bank commissioner. Depositors will be paid in full. The failure to open is caused by the defalcation of the cashier. J. J. STEWART, Vice President. A large crowd of excited depositors gathered around the bank doors and discussed the situation. The cashier, J. R. Colean, has had the utmost confidence of all. He had been cashier since the bank was organized in 1883. Last Wednesday he left town, saying that he was going to his old home in Jerseyville, III., where his wife is visiting. Colean confessed to D. F. Coon, president of the bank, in the West End hotel in St. Louis last Saturday night that he had lost $25,000 in speculation in stocks and bonds. An investigation showed that the theft had been systematically practiced for a period of over two years, and covered up by a manipulation of the bank books.
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Article Text
Si ck, but Under Guard FORT SCOTT. Kan., Oct. 17.-J. R. Colean, cashier of the wrecked state bank of this city, whose defalcations caused the bank's suspension, was arrested by Sheriff Allen onjistate warraant charging him with embezzling $9000 in cash from the reserve fund of the bank. Colean is still in a very critical condition and it was impossible to have him moved. A guard Irom the sheriff's office was left at his bedside.
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Article Text
FORT SCOTT, Kan.-J. R. Colean, cashier of the wrecked state ibank of this city, whose defalcations çaused the bank's suspension, was arrested by Sheriff Allen on a state warrant charging him with embezzling $9,000 in cash from the reserve fund of the bank. Colean is still in a very critical condition and it was impossible to have him moved. A guard from the sheriff's office was left at his bedside.
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Article Text
A THIEVING CASHIER. The State Bank at Fort Scott, Kan., Forced to Suspend. FORT SCOTT, Kan., Oct. 15.-This morning Vice President J. J. Stewart, of the state bank of this city, posted the following notice at the hour of opening: This bank is closed, subject to the order of the state bank commissioner. Depositors will be paid in full. The failure to open is caused by the defalcation of the cashier. J. J. STEWART, Vice President. A large crowd of excited depositors gathered around the bank doors and discussed the situation. The cashier, J. R. Colean, has had the utmost confidence of all. He had been cashier since the bank was organized in 1883. Last Wednesday he left town, saying that he was going to his old home in Jerseyville, Ill., where his wife is visiting. Colean confessed to D. F. Coon, president of the bank, in the West End hotel in St. Louis last Saturday night that he had lost $25,000 in speculation in stocks and bonds. An investigation showed that the theft had been systematically practiced for a period of over two years, and covered up by a manipulation of the bank books.
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Article Text
Bank Failure. The State bank at Fort Scott closed its doors on the morning of the 14th. A note from the vice president stated that depositors would be paid in full, but the bank was forced to suspend through the defalcation of the cashier. Cashier Colean, left town a few days previous to the discovery of his shortage. He left a note confessing that ne had lost $25,000 of the bank's funds in speculation.
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Article Text
Fort Scott Bank Paying. FORT ScoTT, Dec. 18.-C. W. Mitchell, receiver of the defunct State bank. has commenced payment of the first dividend and all depositors who call receive 25 per cent of their deposit.
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Article Text
Colean's Attorney Fees. FORT SCOTT, Dec. 23,-Judge Biddle has filed a motion asking the conrt to require Receiver Mitchell of the State bank, to pay to L. C. Boyle $2,150 which J. R. Colean, the defaulting cashier assigned to him as attorney's fees. Colean claimed to have that amount in the possession of D. F. Coon.
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Bank Wrecker Colean Sued. FORT SCOTT, Jan. 25.-Receiver C. W. Mitchell of the State bank of this city, which was wrecked by the speculation of Cashier J. R. Colean, today brought suit against Colean for his shortage. The receiver is convinced that Colean did notlose all the money gambling, but that after losing beyond what he had hopes of replacing he took the reserve fund.
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FORT SCOTT-Receiver C. W. Mitchell. of the State bank, yesterday received an old draft that is something of a curiosity. It was for $70 and was issued by the State bank on a New York bank by Cashier Colean about two weeks before the bank closed, yesterday-over a year later the draft turned up with this expressive notation on it: "Bank busted; cashier in pen."
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DEMAND CASH. / Depositors of Defunct Bank at Fort Scott Are Tired Out. Fort Scott, July 25.-The depositors of the State bank of this place, which was compelled by the theft of $50,000 by Cashier Colean to suspend, had a mass meeting and demanded that the court require the receivers to sell all securities and realty at auction and that he proceed against the stockholders under the double liability law to compel them to pay the depositors in full by September 15.
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Bank Stockholders Must Pay. Receiver Mitchell, of the State bank at Fort Scott, which was wrecked two years ago by a steal of $52,000 by Cashier Colean, has called upon the solvent stockholders to make up $19,000 to pay the balance due depositors and other creditors.
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# Big Fees Allowed. Fort Scott, Feb. 9.-Although the State bank here closed its doors over three years ago, owing over $100,000, there promises to be much more litigation before the business of the institution is finally closed up. In the district court Judge Simon allowed the claim of Receiver C. W. Mitchell for $3,300 and that of Perry & Crain, his attorneys, for $1,500, in spite of the protests of the stockholders, who claimed the amounts asked where exorbitant.
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Holds President Responsible. Fort Scott, Kan., Feb. 13.-D. F Coon. who was president of the State bank here when it was wrecked by the $50,000 defalcation of its cashier, J. R. Colean, has been sued by C. W. Mitchell, the receiver, for $110,000. He holds Coon blamable for the bad condition of the bank's affairs.
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# Holds the President Responsible. D. F. Coon, who was president of the State bank at Fort Scott when it was wrecked by the $50,000 defalca-tion of its cashier, J. R. Colean, has been sued by the receiver for $110,000. He holds Coon blamable for the bad condition of the bank's affairs.
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Article Text
# Holds the President Responsible. D. F. Coon, who was president of the State bank at Fort Scott when it was wrecked by the $50,000 defalcation of its cashier, J. R. Colean, has been sued by the receiver for $110,000. He holds Coon blamable for the bad condition of the bank's affairs.
Click image to open full size in new tab
Article Text
Holds the President Responsible. D. F. Coon, who was president of the State bank at Fort Scott when it was wrecked by the $50,000 defalcation of its cashier, J. R. Colean, has been sued by the receiver for $110, 000. He holds Coon blamable for the bad condition of the bank's affairs.
Click image to open full size in new tab
Article Text
Holds the President Responsible. D. F. Coon, who was president of the State bank at Fort Scott when it was wrecked by the $50,000 defalcation of its cashier, J. R. Colean, has been sued by the receiver for $110, 000. He holds Coon blamable for the bad condition of the bank's affairs.