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Glen Elder State Bank Order For Currency With R164

 
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Pillar Of The Community

1151 Posts
Posted 04/19/2015   12:36 am  Show Profile Bookmark this topic Add stampmaster to your friends list Get a Link to this Message
Hi All

Over many years, I encountered maybe a dozen of these orders. But this is the only one I bid on and won.

I have no idea what type of currency the Glen Elder State Bank is ordering. I no more than next to nothing about state banks issuing bank notes, perhaps some member has good information.

Does anyone think that $3,000.00 is a large or small order, and I wonder how often a State Bank would order currency in the first place?

This Glen Elder State Bank must have made prearrangements or standing order for various face value currency notes I guessing.

The first image is the entire "Order for Currency".

The second image is of the R164 proper orientation so the cancel could be read.










If a member has any good information about this Order for Currency, would enjoy learning more about it!

Dave

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Valued Member
United States
225 Posts
Posted 04/19/2015   3:08 pm  Show Profile Bookmark this reply Add MeadowviewCollector to your friends list  Get a Link to this Reply
There were Silver Certificates, Legal Tender notes, National Bank Notes, and Gold Certificates being printed by the Bureau of Engraving and Printing around this time.

The era of state banks issuing their own currency ended in the 1860s.

I think $3,000 is probably a small size order. In a small town in the middle of Kansas a bank wouldn't need a large amount on hand to meet the needs of commerce.

Here is the Biennial Report on the bank in 1902 from Google books https://books.google.com/books?id=u...1900&f=false

Notice that it had about $3,000 in currency listed under resources. The cashier in the same man that filled out this document. And one of the banks listed as a Correspondent was the Manufacturer's National Bank of Leavenworth, KS.

Edited to add: I think D.M. Lyle is Daniel M. Lyle 1854-1923
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Edited by MeadowviewCollector - 04/19/2015 3:13 pm
Pillar Of The Community
1151 Posts
Posted 04/19/2015   7:25 pm  Show Profile Bookmark this reply Add stampmaster to your friends list  Get a Link to this Reply
MeadowviewCollector, Thanks, good solid information.

Mr. Daniel M. Lyle 1854-1923, I will need to research more information.

Again, thanks.

Dave
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United States
225 Posts
Posted 04/19/2015   8:48 pm  Show Profile Bookmark this reply Add MeadowviewCollector to your friends list  Get a Link to this Reply
Happy I could provide some information.

A Google search turned up a business directory from 1904 that stated the population was 600.

I did a little more digging and found the Biennial Report for 1900 which provides the same basic info. The amount of cash on hand is slightly higher than the 1902 examination https://books.google.com/books?id=0...nsas&f=false
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Bedrock Of The Community
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12128 Posts
Posted 04/19/2015   9:20 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply

Quote:
Edited to add: I think D.M. Lyle is Daniel M. Lyle 1854-1923


Correct.

The text below is from a newspaper article of the period. (Note that some text spelling is incorrect.)


Quote:
May 20, 1922 (Salina Evening Journal)

A deal was closed this week for the purchase of the Glen Elder State Bank by M. W. [sic] Ilardman. Lew Meibergen, D. R. and D. H. Harrison, who are the principal stockholders. A small amount of the stock being held by Jewell City and Glen Elder parties. The Glen Elder State Bank was established about 31 years ago by Thomas and D. M. Lyle, brothers, and they have conducted its affairs until yesterday, when the transfer was made to the new owners. The bank is capitalized at $25,000 and has a surplus and undivided profit of $20,000. The deposits run well above the $200,000 mark. Jack Kroamer, of Jewell City, has been elected cashier, otherwise all of the old help of the institution will be retained. The Glen Elder bank is not affiliated in any way with the State Banks of Kansas, or any other bank.


Here's a brief biography of Thomas Lyle, the brother of Daniel M. Lyle, who is also mentioned:


Quote:
Thomas Lyle was born in Spring Dale, Wis. on April 23, 1852, the son of John (1800-1873) and Catherine Montgomery-Lyle (1815-1874). The Lyle family emigrated from Scotland to Dane County, Wis. in 1850 where they purchased 280 acres and established a farm. Later Thomas Lyle and his younger brother, Daniel took over the operation of the family farm. After trying some business prospects in Wyo. and Colo. Thomas Lyle moved to Palmer, Kan. where he opened a lumber and hardware business with Daniel Lyle. Thomas Lyle married Ella Nadeau in 1881 before moving to Glen Elder, Kan. to reopen the Glen Elder State Bank in 1883. He died on May 29, 1940.


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