Abilene Bank (Abilene, KS)

Episode Information

Episode UID
9449373991078
Episode Type
Suspension โ†’ Run โ†’ Closure
Bank Type
trust
Bank ID
944937399 hash
Start Date
October 28, 1889
Location
Abilene, Kansas (38.917, -97.214)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cd5278625fd042dc

Response Measures

None

Description

The bank was a private institution owned by Lebold, Fisher & Co. (Mayor C. H. Lebold and Col. J. M. Fisher).

Events (4)

1. October 28, 1889 Run
Cause Details
The suspension of the bank triggered a rush of depositors demanding their money.
Measures
The bank attempted to form a loan and trust company to stabilize, but failed.
Newspaper Excerpt
the bank is besieged by depositors who demand a settlement. Many working-men have small deposits, and they are particularly restless.
Source
newspapers
2. October 28, 1889 Suspension
Cause
Local Shock
Cause Details
Depreciation of real estate values following the collapse of the 1884 land boom.
Newspaper Excerpt
The Abilene bank suspended Monday morning, creating great excitement, as it has been considered the strongest financial institution in Central Kansas.
Source
newspapers
3. October 31, 1889 Receivership
Newspaper Excerpt
Lebold & Fisher made an assignment late yesterday afternoon to Attorney Mead and locked the Abilene Bank's doors against all comers.
Source
newspapers
4. December 4, 1890 Other
Newspaper Excerpt
Abilene Bank Creditors- A 1 per cent dividend.
Source
newspapers

Newspaper Articles (17)

Article from The Seattle Post-Intelligencer, October 29, 1889

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Hard Times in Kansas. ABILENE, Kan., Oct. 28.-The Abilene bank suspended this morning. The liabilities are $400,000, claimed asstts $600,000. The depreciation which followed the boom of 1884 slowly dragged the bank down. Business is practically paralyzed.


Article from The Cheyenne Daily Leader, October 29, 1889

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Bank Suspension. ABILENE, Kans., Oct. 28.-The Abilene bank suspended this morning; liabilities $400,000. It is claimed the assets are $600,000. The depreciation which followed the boom of 1874 has steadily dragged the bank down. Busi ness is practically paralyzed.


Article from The Great Falls Leader, October 29, 1889

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Has Suspended. ABILENE, Kas., Oct. 28.-The Abilene bank suspended to-day. Liabilities, $400,000, assets (claimed) $600,000. The depression which followed the boom of 1884 steadily dragged the bank down. Business is practically paralyzed.


Article from Wheeling Register, October 29, 1889

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A Big Kansas Bank Fails. ST. LOUIS, October 28.-A special to the Post-Dispatch from Abilene, KADSAP, saye: The Abilene Bank, owned by Mayor C. H. Lebold and Col. J. M. Fisher, suspended this morning, creating great exeitement, 88 it has been considered the Brongest financial institution in Central Kansas.


Article from Los Angeles Daily Herald, October 29, 1889

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A Bank Dragged Down. ABILENE, Kas., October 27.-The Abilene Bank suspended this morning. Its liabilities are $400,000. It is claimed that its assets are $600,000. The depreciation which followed the boom of 1884 steadily dragged the bank down. Business is practically paralyzed.


Article from Omaha Daily Bee, October 29, 1889

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BIG BANK FAILURE. A One of the Strongest Houses in Kansas Goes Under. ST. LOUIS, Oct. 28.-A special from Abilene, Kan., says the Abilene bank, owned by Mayor Lebold and Colonel J. M, Fisher, suspended this morning, creating great excitement, as it was supposed to be the strongest financial concern in central Kansas. The deposits amount to $200,000, principally local. Rediscounts and individual loans swell the liabilities to $400,000. The firm claims to own $600,000 worth of real estate and notes, and say they will pay in full if given time to realize. The depreciation which has followed the boom of 1884 has steadily dragged them down. An attempt to straighten things out by forming a loan and trust company with Senator Ingalls and other prominent men as directors failed and the bank was compelled to go to the wall. Mayor Lebold is now in. the east and the bank is besieged by depositors who demand a settlement. A number of business houses are sufferers and business is practically paralyzed.


Article from The Silver State, October 30, 1889

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A Kansas Bank Suspends. ABILENE, Kan., Oct. 29.-Abilene Bank, considered the strongest bank in Central Kansas, suspended payment yesterday. The liabilities are over $400,000. The liabilities of the suspended bank are $400,000; claimed assests, $600,000. The depreciation in landed values which followed the boom in 1884 steadily dragged the bank down. Business is practically paralyzed.


Article from Butte Semi-Weekly Miner, October 30, 1889

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Bank Suspended. ABILENE, Kas., October 28.-The Abilene bank suspended this morning. The liabilities are $400,000, and the claimed assets are $600,000. The depreciation which followed the boom of 1884 has steadily dragged the bank down. Business is practically paralyzed.


Article from The Enterprise, October 30, 1889

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Bank Fails for $400,000. ABILENE, Kan., Oct. 29.-The Abilene bank, owned by Mayor C. H. Leobold and Colonel J. M. Fisher, suspended yesterday, creating great excitement, as it has been considered the strongest financial institution in Central Kansas. The deposits amount to $200,000, principally local. Discounts and individual loans swell the liabilities to $400,000. The firm claim to own $600,000 worth of real estate and notes and say they will pay in full if given time to realize.


Article from Telegram-Herald, October 30, 1889

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FORCED TO OUIT. An Abilene (Kan) Bank Compelled to Suspend IT OWES SOMETHING LIKE $400,000. If Given Time It May Be Able to Pay in Full-Many Merchants and Worklog-Men Caught for Various Sums. TRADE TEMPORABILY PARALYZED. Sr. Louis, Mo., Oct. 29.-A special to the Post-Dispateh from Abilene. Kan., says the Abilene Bank, owned by Mayor C. H. Leobold and Colonel J. M. Fisher, suspended Monday morning, creating great excitement, as it has been considered the strongest financial institution in Central Kansas. The deposits amount to $200,000, principally local. The discounts and individual loans swell the liabilities to $400,000. The firm claims to OWB $600,000 worth of real estate and notes, and say they will pay in full if given time to realize. The depreciation which has followed the boom of 1884 has steadily dragged them down. Anattempt to straighten things out by forming a loan and trust company, with Senator Ingalls and other prominent men as directors, failed, and the bank was compelled to go. Mayer Leobold is now in the East, and the bank is besieged by depositors who demand settlement. A number of business houses are sufferers, and business is practically paralyzed. Many working-men have small deposits, and they are particularly restless. Almost every business house and every family in the city and county is affected, which makes matters worse. Expert accountants are at work on the books, and in a day or two a detailed statement will be prepared. It may show a much worse condition of things than is now expected, for the accounts are badly confused.


Article from Morning Journal and Courier, October 31, 1889

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General State News. AN ENGINE WRECKED. MIDDLETOWN, Oct. 30.-The 6:80 p. m. mixed train from Berlin on the Branch road crashed into the turn table near the round house last night. The engine was wrecked. The accident was due to a misplaced switch. THE ABILENE BANK. A prominent banker of Hartford received a telegram from the Abilene (Kansas) bank, in which they say: "Our creditors are not pushing; think everything will come right soon. Have not assigned." Signed, Lebold, Fisher & Co. This seems to indicate that the embarrassment is only temporary. A COMING WEDDING. Cards are out for the wedding of Dr. Pratt of Winsted and Miss Mary Gay, daughter of Hon. Henry Gay, the banker. They are to be married November 7 and sail for Europe on the Etruria soon after. They will stay abroad for a year and Dr. Pratt will devote much of the time to the further study of his profession. SOUND STEAMERS. The steamer City of Boston has gone to New York, where she is to be hauled out en the dry dook and will be newly coppered and receive other repairs. When everything is completed she will take the place of the steamer City of New York, and the latter boat will be hauled off to receive repairs for her winter season. DEATH OF DR. J. V. WILSON. The death of J. V. Wilson, M. D., at Waverly, Mass., at the age of 80 years, is announced this morning. He has been siok for some time, and his Norwich friends and acquaintances will not be surprised to hear of his death. He was a physician of the eclectie school, and has twice resided in this city and practiced medicine. He was of the Universalist faith and frequently preached in the pulpits of that denomination, and was respected for his ability and worth.-Norwich Bulletin. MANY AGED PEOPLE. Mrs. George W. Selleck of Norwalk, in accordance with her usual custom, gave her annual reception and dinner to a number of her aged lady friends at her home on Merwin street on Wednesday evening. The occasion was, as it invariably is, a successful social affair and highly enjoyed. The following were present: Mrs. Sarah Canfield, aged 90 years; Mrs. Catherine McDonald 88, Mrs. Betsy Hubbell 88, Mrs. Lucy Selleck 84, Mrs. Laura Morehouse 81, Mrs. Amy Dana 74, Mrs. Elizabeth Lounsbury 73, Mrs. Margaret Bunting 72, Mrs. Sarah Weber 71, Mrs. Sarah Rockwell 67. Besides these, .Mrs. Dr. Van Alstyne and other invited guests, without regard to age, were present. LOVE. The recent marriage of a young lady of 50, near Norwalk, to an elderly gentleman of 21 summers-and winters-is criticised unfavorably by some thoughtless persons who forget that love is blind, and therefore is not supposed to see just where to place his dart most appropriately in all cases. However, a correspondent of the Gazette makes it all right. He deprecates criticism and claims it was a really sensible occurrence. "The bride," he says, "was sensible in taking to husband a boy young and fresh and tender, and the boy showed excellent judgment in placing himself under the protection of a woman qualified by age and experience with the world, to bring him up to be a good man." This ought to settle it.-Stamford Advocate.


Article from Spokane Falls Review, October 31, 1889

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A HEAVY BANK FAILURE. The Disastrous Results of a Boom in Kansas. ABILENE, Kan., Oct. 28.-The Abilene bank suspended this morning with liabilities of $400,000. It is claimed the assets are $600,000. The depreciation which followed the boom of 1884 steadily dragged the bank down and its business was practically paralyzed.


Article from The Portland Daily Press, November 2, 1889

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Foreign Notes. It is stated that the disagreement between Prince Murat and Miss Caldwell is only temporary, and that the terms of the marriage contract will probably be satisfactorily arranged. The French government has temporarily deprived 55 priests of their stipends owing to sermons preached by them on the subject of recent elections. Charles Bradlaugh has suffered a relapse. Members of the Parnellite party, who have travelled through Austria, have finished the tour. They collected ยฃ20,000 to advance the Irish cause, and will now go to New Zealand. Rev. Dr. O'Reilly, treasurer of the Irish National League in America, has handed to the National League authorities in Ireland ยฃ8000 collected in America. The Abilene Bank's Doors Closed. ABILENE, Kan., November 1.-Lebold & Fisher made an assignment late yesterday afternoon to Attorney Mead and locked the Abilene Bank's doors against all comers. Since Monday's suspension a large number of local depositors have been settled with, and it was hoped that all could be satisfied. New England creditors commenced legal proceedings and the assignment was necessary. The remaining liabilities amount to $285,000, with assets which, being in Western lands, will come far from satisfying claims when sold at forced sale.


Article from The Morning News, November 2, 1889

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ABILENE'S BROKEN BANK. The Land Won't Realize Enough to Satisfy the Claims. ABILENE, KAN., Nov. 1.-Lebold & Fisher made an assignment late yesterday afternoon to Attorney Meade and locked the Abilene Bank's doors against all comers. Since Monday's suspension a large number of local depositors have been settled with, and it was hoped that all could be satisfied. New England creditors commenced legal proceedings, and an assignment was necessary. The remaining liabilities amount to $285,000 with assets, all of which being in western lands, will come far from satisfying the claims when sold at forced sale.


Article from Martinsburg Herald, November 2, 1889

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The Abilene Bank of Abilene, Kan., has suspended, with liabilities of $400,000. Depreciation following the boom of 1883 was the cause.


Article from Wichita Eagle, November 8, 1889

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innuential the most are world's They -PONCO. SUNFLOWER SHADOWINGS. Seeds, Slips, Scions, Sprouts, Shoots and Slivers. Scarlet fever and diptheria arm-in-arm are making their yearly visit, A Latham farmer raised at the rate of 163 bushels of peanuts to the acre. Emporia Republican: Fort Scott is going into the manufacture of vitrified brick. Adam Bunner, of Doniphan, raised 100,000 pounds more grapes this year than last. Hill, the Colby bank defaulter, is still at large. Pinkerton detectives are on his trail. It is rumored that a syndicate of eastern capitalists are buying up coal lands in Kansas. The Osborne county flour mills are runing day and night to meet the demand of the trade. One thing may be said to the credit of the Newton soap factory, it does a clean business. Atchison and Fort Scott will now have two things to be jealous over-vitrified brick and Jay Gould. The Fort Scott Monitor is in favor of turning the Hutchinson reformatory into an insane asylum. A man doesn't feel half SO important when the cab he rides in has an election banner on the side. At Emporia they speak of a man who wears H shoe-string bout his hat as "from the paw-paw regions. Augusta has a hotel keeper who doesn't take a newspaper, and he is as unpopular as a girl with sore eyes. Perry, the blind musician who gives recitals and musical lectures, is doing the northern part of Kansas. Charles S. Gleed, of Topeka, was admitted to practice before the United States supreme court yesterday. The corner stone of the First Baptist church was laid at Phillipsburg, Tuesday with impressive ceremonies. From the way new papers are starting in Kansas the long felt want must still be empty, says the Abilene Reflector. A clever stroke of advertising on Mr. Gilmore's part is the mention six cannon in his musical programs for Kansas. Topeka Capital: "Five Kansas counties this year produced more than half as much corn as the whole state produced in 1887." Married, at Lawrence-Stewart Henry, of Denver, Col., and Miss Nellie Thacher, daughter of Judge S. O. Thacher, of Lawrence. The Railway Age says the general audiditor's office of the Santa Fe, now located in Boston, will be moved to Topeka December 1. Congressman Peters say it costs Senator Plumb $12,000 a year to live in Washington, and he is one of the "plainest livers" at the capital. The editor of the Mulvane Record is prancing around Pike's Peak at present. On Pike's Peak, this time of year, it is necessary to prance. A "portrait and biographical album of Sumner county" is being prepared, and anybody may become prominent with a reasonable amount of hard cash. Emporia Republican: Eli Perkins is lecturing in Kansas. The time Was when Eli would draw a big crowd in this state, but that was before Tomlinson developed. Keene plays at Emporia tonight. He will probably remark the absence of the whilsome peanuts, crackling in the audience. Emporia isn't the town it used to be at all. K. C. Star: Why doesn't some one give old Chief Mayes a couple of corner lots in Arkansas City? That would bring him around all right on the question of opening up the Cherokee strip. A burglar at Parsons tried to get away with a pan of milk, but somebody fired at him and made him drop it. The thief is now trying to console himself by deciding that it was chalked water. The Beattie Star says: Huskers have informed us that this fall it is not much more work and no harder to put eighty to 100 bushels in a wagon than it was to put sixty to seventy-five in last year. Several western journals printed editorials of welcome to the All-America delegates, in the Spanish tongue, and the New York Sun speaks of them as "misfit, missspelled, misprinted cigar-box Castilian." A Kansas editor objects to three meals per day and advocates one meal and "thus." he says, "do away with the eternal grind of eating." This unparallelled statement occurs in No. 8, vol. 1, of his paper. An action in equity was begun in the United States court at Topeka Tuesday against the Marion Belt & Chingawasa Springs railroad company for the appointment of a receiver. The road is eight miles long. Thorough investigation shows the liabilities of the broken Abilene bank to be $333,000. The assets consist mostly of depreciated real estate. A meeting of creditors to appoint an assignee has been called for November 27. Notarial commissions were issuedTuesday as follows: M. T. Clark, of Caldwell; M. (Bloch, of Wichita: Waldo Hancock, of Beverly: H. D. Holloway, of the Soldiers' home: John A. Moss, of St. Marys, and J. E. Baker, of Hutchison. Dr. Buck, who has charge of the silk station at Peabody, is in receipt of a letter from Belding Bros., of New York, stating that the Kansas silk which they had handied worked nicely, and that they were very much pleased with it. Thomas county, the next but one from the Colorado line, on the Rock Island's northwestern line, raised more corn than any of the entire thirty-one new counties in western Kansas. Thomas county was


Article from Abilene Weekly Reflector, December 4, 1890

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What a Few Are Thankful for: J. C. Royer-A second son. W. J. Coye-An only daughter. W. S. Stambaugh-A new dog (also a boy born on the Fourth of July.) C.S. Crawford-G. W. Hurd's defeat. James Culbertson-That no stones were thrown at his glass house. S.J. Ellison-That it's almost here. A. L. Russel-That his bond is no larger. G. C. Sterl-That he made Matteson mayor. D. W. Naill-That O'Brien escaped before being turned over instead of after. Abilene Bank Creditors- A 1 per cent dividend. The Lutherans-A new pastor. C. B. Hoffman That he got away before the REFLECTOR'S expose. David Matteson-That he is "better than other men are." J.S. Ford-The intervention of Providence. J. II. Niesley-That he has a job left. M. H. Bert-That it wasn't his year to run. The Methodists-The prospect of a brand new organ. The REFLECTOR force-That they have not a more erratic l.e. The City of Abilene-That it will have the best water in Kansas. The News-That the pages of communications have stopped. The Monitor-That it's still alive. The Chronicle-That John A. Anderson was avenged. The REFLECTOR - A choice collection of boycotts. J. R. Burton-That Ingalls isn't in it. Thos. Kirby-A large fund of experience. The city schools-A new course of study. G. D. Kieffer-That there are no more political committee reports to copy. B. W, Peck-That the 80 acre farm is still left. I.S. Hallam-That Kirby keeps him company, politically.