Bank of Ellinwood (Ellinwood, KS)

Episode Information

Episode UID
9527575991297
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
952757599 hash
Start Date
January 21, 1908
Location
Ellinwood, Kansas (38.356, -98.581)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f546e8758ce7af59

Response Measures

None

Description

Failure due to dishonest management / false statements by officers; cashier/president arrested and cashier committed suicide.

Events (2)

1. January 21, 1908 Receivership
Newspaper Excerpt
Receiver Named. Judge Brinkerhoff on Saturday named W. Dawson of this city as receiver of the Bank of Ellinwood, and he immediately took charge of its affairs.
Source
newspapers
2. January 21, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers accused of making false statements about the bank's condition and dishonest management leading to suspension; large liabilities discovered.
Newspaper Excerpt
IN A RECEIVER'S HANDS. The Bank of Ellinwood Is Compelled to Close Its Doors. Ellinwood, Kan., Jan. 21.-The bank of Ellinwood is in the hands of a receiver.
Source
newspapers

Newspaper Articles (18)

Article from The Topeka State Journal, January 21, 1908

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IN A RECEIVER'S HANDS. The Bank of Ellinwood Is Compelled to Close Its Doors. Ellinwood, Kan., Jan. 21.-The bank of Ellinwood is in the hands of a receiver. The bank is owned by the Bochemohle family of Ellinwood, Mrs. Bochemohle owning the most of the stock and her sons, Ed and Leo, managing the institution. The first named was president and the latter vice president and cashier. It is understood that the liabilities of the concern are large. Ellinwood has one other bank, the Ellinwood State bank. The deposits in both are large, this being one of the richest communities in the state. The bank was founded 24 years ago by the father of the above mentioned officers. Mr. Watson will not issue a full statement in regard to the bank before Thursday.


Article from Los Angeles Herald, January 22, 1908

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Banker Is Arrested By Associated Press. GREAT BEND, Kas., Jan. 21.-President W. L. Bochemohle of the suspended Bank of Ellinwood of Ellinwood, Kas., was arrested today, charge.1 with having sworn falsely in a report of the bank's condition last month.


Article from Arizona Republican, January 25, 1908

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BANKER SUICIDES. Great Bend, Kan., Jan. 24.-W. Lee Bockemohle, cashier of the suspended Bank of Ellinwood at Ellinwood, Kan under arrest for making a false statement of the bank's condition in December. shot and instantly killed himself tonight.


Article from Los Angeles Herald, January 25, 1908

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Accused Banker Kills Himself GREAT BEND, Kas., Jan. 24.-W. Leo Bockemehle, cashier of the suspended Bank of Ellinwood, at Ellinwood, Kas., under arrest for making a false statement of the bank's condition in December, shot and instantly killed himself tonight.


Article from The Seattle Star, January 25, 1908

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(By United Press.) GREAT BEND, Kan., Jan. 25.W. Leo Bockemohle, cashier of the suspended Bank of Ellinwood, at Ellinwood, Kan., under arrest for making a false statement of the bank's condition in December, shot and killed bimself last night. The suicide took place at the


Article from The Salt Lake Herald, January 25, 1908

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COULD NOT STAND DISGRACE. Great Bend, Kan., Jan. 24.-W. Leo Bockemohle, cashier of the suspended bank of Ellinwood, at Ellinwood, Kan., under arrest for making a false statement of the bank's condition in December, shot and killed himself tonight.


Article from Iron County Register, January 30, 1908

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Kansas Bank President Arrested. Great Bend, Kas.-President W. Leo Boonemohle of the suspended Bank of Ellinwood, at Ellinwood. Kan., was arrested by order of Deputy Bank Examiner Watson on the charge of having sworn falsely on December By 1907, concerning the condition of the bank.


Article from Oxford Eagle, January 30, 1908

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Kansas Bank President Arrested. Great Bend. Kas.-President W. Leo Boonemohle of the suspended Bank of Ellinwood. at Ellinwood. Kan., was arrested by order of Deputy Bank Examiner Watson on the charge of having sworn falsely on December 3. 1907. concerning the condition of the bank.


Article from Golden Valley Chronicle, January 30, 1908

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Indicted Cashier Kills Self. Great Bend, Ind., Jan. 26.-W. Leo Beckemohle, cashier of the suspended Bank of Ellinwood, at Ellinwood, Kan., under arrest for making a false statement of the bank's condition in December, shot and killed himself last night.


Article from The Tupelo Journal, January 31, 1908

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Kansas Bank President Arrested. Great Bend, Kas.-President W. Leo Boonemohle of the suspended Bank of Ellinwood, at Ellinwood, Kan., was arrested by order of Deputy Bank Examiner Watson on the charge of having sworn falsely on December 5, 1907, concerning the condition of the bank.


Article from Rocky Ford Enterprise, January 31, 1908

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the state bank examiner. Comptroller of the Currency Ridge ley, in connection with the Kansas and Oklahoma situation, holds that national banks under the present banking laws may not lawfully pay out money on a plan to guarantee depositors. I The state insurance commission of Oklahoma has canceled the license of the Great Western Life Insurance company of Kansas City to do business in that state. Judge Smith McPherson, in the United States district court at Kansas, has rendered a decision declaring void and unconstitutional the Missouri law forbidding foreign corporations from transferring suits brought against them from state to federal courts. Japanese immigration to America is decreasing according to reports recelved by the immigration bureau, The falling off for December, 1907. was 2,234 as compared with 1906. Secretary Garfield of the interior department is attempting to annul the Oklahoma law forbidding piping gas out of that state. The action is taken in the interest of Indians who have gas to sell. The Missouri River Navigation congress, at Sioux City, Iowa, adjourned after choosing Yankton, S. D. as the place for next year's meeting Congressman Ellis, of Kansas City, was elected president. In the federal court at St. Louis, Judge Garland ordered the jury to acquit four officials of the American Bond Reserve company, who have been on trial on charges of fraudulent use of the mail. At Clarksville, Tenn., two negroes were killed while attempting to set fire to a tobacco factory. A third no gro escaped. but was thought to have been wounded. The dead men had enough dynamite on their persons to have destroyed the building The new battleship Mississippi has been turned over to the naval authorities at League Island. She will be commanded by Capt. John C. Fremont The battleship fleet under Admiral a Evans has sailed from Rio Janeiro on its way to the Pacific. President Bochemohle, of the Bank of Ellenwood, Kan., has been arrested, charged with having sworn falsely concerning the bank's condition Four business houses, with their contents. were recently destroyed by fire at Geuda Springs, Kan., causing a loss of $11,000. The application of George W. Austin of New York for an order restraining Secretary Cortelyou from allotting Panama canal bonds, has been denied by Justice Gould at Washington Another collision between police and unemployed men occurred recently in Berlin in which many of the rioters were wounded. 9 The Missouri suit to oust the Har e vester trust has been continued to 3 the April term of the supreme court. a Two small banks at Pittsburg. Pa., were recently closed by the state au thorities. The home of Theodore P. Shonts, president of the Interborough Rapid Transit company of New York, was recently searched by customs officers with the result that several hundred dollars worth of foreign goods were found on which no duty had been paid. Personal. Mayor James C. Dahlman was re cently ejected from the waterways congress at Sloux City. Iowa, because of an attempt to Inject politics into the discussion on the resolutions. Dr. Ellot, president of Harvard uni versity. advocates that American boys and girls be "sorted out" by agents of authority and forced by law to study trades assigned to them. Miss Georgia A. Smythe, a Boston waitress, has fallen heir to $200,000 by virtue of being a great-great-grand3 daughter of the notorious Mrs. Fitz herbert, one of the favorites of King George IV. of England. John Mitchell, president of the Mine Workers' union. who retires April 1 next. declares he would not accept I government position If offered him. Mrs. Emily Yznaga, mother of the dowager duchess of Manchester and of Lady Lister-Key. of England, is dead at her home in Louisiana. Former Gov. D. R. Francis, of Mis souri, was recently presented with the Swedish Order of the North Star. in recognition of his services as president of the Louisiana Purchase Expo sition company. Miss Miriam De Vore, a wealthy Chicago heiress, recently eloped to St. Louis and married her chauffeur. Mrs. Frank B. McKenna, daughter of Richard C. Kerens of St. Louis, is dead in Paris. Charles M. Smith, widely known , among Grand Army men as a lecturer on the story of his escape from Andersonville'prison, is dead at Wor-


Article from Barton County Democrat, January 31, 1908

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Receiver Named. Judge Brinkerhoff on Saturday named . W. Dawson of this city 10 as receiver of the Bank of Ellin wood, and be immediately took charge of its affairs. At this time we are still unable to secure a statement of the assets and liabili ties, except that the deposits were in the neighborhood of $90,000. and as to what per cent of the notes are good is hard to determine.


Article from Macon Beacon, February 1, 1908

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Kansas Bank President Arrested. Great Bend, Kas.-President W. Leo Boonemohle of the suspended Bank of Ellinwood, at Ellinwood. Kan., was arrested by order of Deputy Bank Examiner Watson on the charge of having sworn falsely on December 3. 1907, concerning the condition of the bank.


Article from The Idaho Springs Siftings-News, February 1, 1908

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companies from discriminating against members of labor organizations in the matter of employment has been declared unconstitutional by the United States supreme court. The Missouri supreme unconstitutional the law clared court has requir- defree return to shippers of live given ing that transportation stock with be each car load by the railroads of the state A missionary has found among the Indians in Oconto county, Wis., a Bible given to the Oneida tribe in 1754 secretary of the Wales by the Prince of while the Indians were living in Massachusetts. air school** A "fresh unique among institutions in this in will educational be opened Providence, country R. I., where will not will work under wraps and pupils remove conditions their as nearly resembling an outdoor at mosphere as possible. The government is arranging to manufacture cement for use on the Panama canal in case the prices of are too high. A turing the product manufacplant may be installed on the isthmus. A severe blizzard recently swept the Atlantic coast causing much and in New York Philadelphia. suffering Much damage was done to small shipping and street car traffic was demoralized W. Leo Bockemohle, cashier of the of Kan., shot suspended and bank Ellinwood, killed himself at his home. while under arrest charged with making a false statement of the bank's condition Liquor interests in Alabama are resorting to dynamite against the prohibition leaders. Three submarine torpedo boats refrom cently made the trip Newport, R. I., to New York in 17 1/2 hours. This is the longest trip ever made by boats of this class under their own power. 23 days of 000 were marketed in In hogs the first January Kansas 445, City. This is 50,000 more were any than ever received there in whole month before. 68 Mr. and Mrs. George Moyer, aged and 65 respectively, were recently burned to death on their farm near Bartlesville, Ok. An attempt to overthrow the monarchy of Portugal and establish a republic was recently nipped in the bud at Lisbon, and the leaders arrested. to about a of the An attempt "march of socialists unemployed" bring in Chicago was frustrated by the police. Dr. Reitman and two of his followers were arrested for inciting a riot Charles Miot, the American consular agent at St. Marc, Hayti, has been dismissed because of complicity in the recent revolution against President Nord's government. J. B. Joslin, an eccentric character of Topeka, was recently found strangled to death in his home in that city. A bursting water pipe in Cincinnati, O., caused damage estimated at $100,000 Three boys aged five. eight and 12 years respectively have confessed to burglary in St. Louis. The cruiser South Dakota built at the Union Iron works in California has been placed in commission. The American National Live Stock association, in session at Denver, has endorsed the leasing system of public lands. The supreme court of the United States has denied the petition for an appeal in the Chicago Street railroad re-organization case. Two small banks at Pittsburg. Pa., were recently closed by the state authorities Gov. Magoon of Cuba has been summoned to Washington for a conference concerning the government of the island. Judge Phillips of Cleveland, O., has ordered the dissolution of the Amalgamated Glass Workers' union on the ground of public policy. More than 1,000 delegates were present at the opening session of the Missouri River Navigation congress at Sioux City, Ia.


Article from Barton County Democrat, February 7, 1908

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ELLINWOOD Leader. Jan 30 Bank of Ellinwood depositors are requested to bring their pass books to the receiver at the earliest possible moment in order that same may be balanced at once. The ne V phones for the automatic switch board at the Ellinwood telehone exchange are abo tall in and now the subscribers do not to have ring up and ring off when they use the phones. A fire at Spearville last week destroyed a business block. Joe Wil. berding a former tailor here, is said to have lost about $150 worth of goods. We are glad to note that the business of our old friend Joe Habig. er escaped the flames. An item fr om Williamsburg Star states that J. C. McCraken has pur chased the old Old Reliat le drug. store at that place and changed the name to the "Gem Drug store." He has a good man in charge there and the concern will be run as a branch of the Gem Drug store of this city which Mr. McCrakenhas owned for some time. Ellinwood has passed through sore trial recently, but the trouble is about over. Business will soon be on the up grade, public confidence will be restored and a vear of prosperity lies ahead. Let the knocker, the pessimist a id the calamity howler get out of the way while we all get together and boost for greater Ellinwood. This city never had better prospects than it has today. There are a few stones in the path but they can easily be rolled a side by the united efforts of the pa triotic citizens. f The Canon City Record of Jan. 15, contains a two column write un of the Littell coal mining project near that city, in which so many Ellinwood people are interested. The coal shart which is in three compartments is the deepest shaft in the state, and when the mine is put in operation will be one of thebiggest coalmines in Colorado. Work has progressed on shaft for about two vears, and the e workers are now within 28 feet of a n fine a vein of soft coal as there is is the world. Beneath the first vein arn two more splendid strata of coale hich assures a producing mine for 6 generations to come.


Article from The Topeka State Journal, February 10, 1908

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DEPOSITORS LOSS HEAVY. About $5,000 in Resources to Pay Debts of $96,000 at Ellinwood. Great Bend, Kan., Feb. 10.-0. W. Dawson, receiver of the Bank of Ellinwood, has issued a statement in regard to the condition of the bank. The deposits of the bank at the time it was closed, so far as it has been possible to determine at this time, were: Deposits subject to check, $79,558.47; deposits on time certificates, $16,746; total, $96,304.47. The depositors constitute the principal creditors of the bank, but it is impossible to say now what further creditors may appear. The asests of the bank, so far disclosed, consist of $3,346 in currency on hand when the bank was closed by the examiner; the proceeds of an insurance policy, amounting to about $900, on a building which burned last week, and the proceeds of some small notes amounting to about $4,500 in all. Additional assets are a quarter section of land in Haskell county, probably worth $800, the bank fixtures and the notes carried by the bank as assets. It is rumored that of about $60,000 to $65,000 worth of notes no more than 20 per cent will be worth anything. The smallest depositor had a credit of one cent on the bank books and the largest $9,005.


Article from Barton County Democrat, February 14, 1908

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From the Receiver. The following communication is taken from the Ellinw od Leader of the 6th:Ellinwood Kan. Feb. 5. '08. J.W. A. Cooke. Editor Ellinwood Leader. Dear Sir:-There has been a number of requests for a statement as to the condition of the Bank of Ellinwod at thistime, and while it is impossible at this early date to sav what the final outcome will be, owing to many complications that may arise. vet such information as it is possible to formulate is gladly given at this time. The deposits of the bank at the tim- it was closed. SO far as it has been possible to determine at this time were as follows: Deposits subject to check $78 558 43 Deposits on time certificates 16 746 00 Total $96 304 43 The people having the above deposits no doubt constitute the principal creditors of the bank. but it is impossible at this time to say what further creditors may appear. The smallest depositor had a credit of one cent on the bank's books .and the largest dopositor had $9,005 to his credit. The assets of the bank, so far as disclosed. at this time, consist of $3,346 in currency in the bank at time it was closed by the bank exminer; the proceeds of an insurance policy on the old Rabbit canning factory which recently burned which will amount to about $900. These items, togeth. er with the proceeds of some small notes which have been paid, made a total of about $5400 cash thus far realized. The additional assest conists of the bank fixtures, which it is hoped will be purchased bv the new bank being formed; quar er section of land in Haskell county probably worth $800, and the notes which were being carried as assets in the,bank. In as much as these notes may be the subject of more or less controversy it is not deemed proper to make any statement regarding them at this time, further than to say that there appear to be considerable of it of no value. Respectfully. O. W. Dawson. Receiver.


Article from The Topeka State Journal, February 27, 1908

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Bankers' Panic and Its Effect on Kansas. Only Two Banks That Closed for Good. DUETOOTHER CAUSES. In Both Cases Dishonest Management Did It. Eleven Others That Quit Have Resumed Business. is Now that the "bankers' panic" over, it is interesting to foot up the net results in the state of Kansas. Things looked bad at one time. When the Bankers' Trust company of Kansas City went down, closely followed by the Bank of Commerce, both of which were heavily patronized by Kansas banks, it was expected that the state of Kansas would be lucky if it escaped without most serious difficulties. The reports in the office of State Bank Commissioner John Q. Royce show that during the whole of the 'panic," only 13 state banks in Kansas closed their doors and eleven of these are again doing business. Seven banks closed because of the Bankers' Trust failure, and six of these have resumed business. Three banks closed because of the Bank of Commerce failure and all have resumed business. Three banks became involved by dishonest officials, and one of these resumed business. Another paid out in full and quit. The only banks in the state which closed for keeps during the panic' were the Citizens' State bank of Mulberry (Crawford county) and the Bank of Ellinwood (Barton county) The Citizens' State bank of Mulberry was owned entirely by President Brady of the Bankers' Trust. Brady borrowed all the money of the Mulberry bank, and left it strapped. The Ellinwood bank was robbed blind by Bochemole, who later committed suicide. The history of the eleven banks which closed and then resumed is ina teresting because it shows on what solid basis the banks of Kansas have been doing business. As this history is well known in the localities where the banks are doing business, no harm can be done in making it public In fact, the thing which saved these banks was the fact that they took their stockholders and depositors into their confidence, and showed them exactly where they stood. The public stood by the bankand helped them to continue in business. The Bank of Scottsville was closed because of bad management on the part of its officials. However, the depositors have been paid up in full, and a new bank has been started at Scottsville to take the place of the old one. The Arcadia State bank failed because its president lived too high, and borrowed too much money from the bank. When he came to the finish, his relatives stepped in and made good all in the shortage. The bank continued business with a new president. The seven banks which were thrown into difficulty by the Bankers' Trust failure were these Mulberry State bank, Crawford county Citizens' State bank, of Mulberry. Coyville State bank, Wilson county. Garland State bank, Bourbon county. Fontana State bank. Miami county Peoples State bank of Richmond, Franklin county Heston State bank. Harvey county. The Mulberry State bank closed because its money was tied up in the Bankers' Trust The same day it was sold to Miller Bros. who opened the bank up for business as usual the next day, and it has been doing business ever since. The Coyville bank had $5,700 in the Bankers' Trust, and the Bankers' Trust owned 57 shares of stock in the bank. The bank forfeited its $5,700, and got its stock back. It sold the stock and resumed business today This is the bank of which Senator Robertson is president The Citizens' State Bank of Garland closed and its stockholders at once started a new bank known as the Home State bank. One of the officers of the HomeState bank was appointed receive for the Citizens, and all the assets of the Citizens' are being handled through the new bank. This bank will pay its depositors in full, and it might be said that the Home bank is practically the same as the old Citizens' State bank. When the Fontana State bank found a that it was involved in the Bankers' Trust crash, meeting of the stockholders was quickly called, and it was decided to shut up the bank temporarily and send the cashier to Kansas City to see what could be done. This prompt action enabled the cashier to get hold of all the paper in the Bankers' Trust belonging to the Fontana bank before a receiver was named. The bank was closed from October 29 till November 18, and then resumed business. The People's State Bank of Richmond and the Heston State bank were closed only a few days until the officers could find out "where they were at.' The three failures due to the Bank of Commerce crash were not even as serious as those due to the Bankers' Trust disaster, for the Commerce failure was an honest failure, while the Bankers' Trust trouble was due to dishonest methods on the part of the management. The First State Bank of Argentine, when the news of the Commerce falld ure reached it. remained open until 2 o'clock in the afternoon. Then the cashier became alarmed for fear that e his bank was insolvent, and that he would be liable to punishment for taking deposits, and closed his bank. It was closed for just one business hour. for the next morning it opened up as usual. The State Bank of Admire in Lyon e county and the Pledmont State bank in Greenwood county, both closed for a day or two, and then resumed business as usual. There were hundreds of Kansas banks with large balances in the Bank of k Commerce, and none of them will lose a cent. It is admitted that this bank 0 will pay out dollar for dollar, and the