City National Bank (Kearney, NE)

Episode Information

Episode UID
1301301529
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
130130 national
Charter Number
13013
Start Date
May 14, 1927
Location
Kearney, Nebraska (40.699, -99.081)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3c0af01cb6277292

Response Measures

None

Receivership Details

Depositor recovery rate
50.9%
Date receivership started
1927-05-14
Date receivership terminated
1932-11-01
OCC cause of failure
Governance
Share of assets assessed as good
28.9%
Share of assets assessed as doubtful
70.2%
Share of assets assessed as worthless
0.9%

Description

Contemporary articles cite frozen paper / frozen loans as cause; receivership recorded in May 1927.

Events (4)

1. December 8, 1926 Chartered
Source
historical_nic
2. May 14, 1927 Receivership
Source
historical_nic
3. May 14, 1927 Receivership
Newspaper Excerpt
M. A. Ross, receiver of the City National bank of Kearney since last May, brought suit... (receiver in charge).
Source
newspapers
4. May 14, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open attributed to frozen paper (frozen loans) indicating adverse loan quality/liquidity problems.
Newspaper Excerpt
Kearney was thrown into excitement this morning when the City National Bank... failed to open its doors.
Source
newspapers

Newspaper Articles (23)

Article from The Brainard Clipper, December 23, 1926

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OF CURRENT WEEK BRIDGES BUILT OVER MISSOURI RIVER Be Requested of and Nebraska Legislatures of Nebraska will be asked for funds to construct eight bridges over the Missouri river at the coming session, decided at meeting of the Nebraska Bridge association, which attended by Iowa bridge enthusihere. The bridges would be constructed South Sioux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Iowa bridge advocates will ask the legislature give cent of the per primary road fund each year toward the construction of the bridges. the plan works out bridge year could be built, was stated. Two Kearney National Banks Merge Central National with the City National bank, of this following negotiations which extended over several weeks. Though the merger, the City National bank becomes one of the strongest houses in the state, outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and capital and surplus and cash and bonds on Graduate Voted an Oxford Scholarship Cox. who graduated from the University Nepreparing upon course in Oxford university following his winning the Rhoades scholarship for Nebraska from list dozen candidates. The Rhodes award provides for three years residence the English school with annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in course the University of Nebraska, where he was associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Beta Kappa honors. He entered the Harvard law school this fall.


Article from The Bennet Sun, December 23, 1926

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NEBRASKA NEWS OF CURRENT WEEK ASK 8 BRIDGES BUILT OVER MISSOURI RIVER Funds to Be Requested of Iowa and Nebraska Legislatures Omaha.-L.egislatures of Nebraska and Iowa will be asked for funds to construct eight bridges over the Missouri river at the coming session, It was decided at a meeting of the Nebraska Bridge association, which was attended by Iowa bridge enthusiasts here. The bridges would be constructed at South Sioux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give 5 per cent of the primary road fund each year toward the construction of the bridges If the plan works out one bridge & year could be built, it was stated. Two Kearney National Banks Merge Kearney.-The Central National bank, of Kearney, has been merged with the City National bank, of this city, following negotiations which extended over several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state, outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and a capital and surplus of $165,000, and cash and bonds on hand exceeding $600,000. Graduate Voted an Oxford Scholarship Lincoln.-Hugh B. Cox. who graduated from the University of Nebraska last spring, is preparing to embark upon a three-year course in Oxford university following his winning the Rhoades scholarship for Nebraska from a list of a dozen candidates. The Rhodes award provides for three years residence at the English school with an annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in a course at the University of Nebraska, where he was associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Phi Beta Kappa honors. He entered the Harvard law school this fall.


Article from The Cairo Record, December 23, 1926

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NEBRASKA OF CURRENT WEEK BRIDGES BUILT MISSOURI RIVER to Be Requested of Iowa and Nebraska Legislatures of Nebraska Iowa will be asked for funds to construct eight bridges over the river at the coming session, was decided at meeting of the Nebraska Bridge association, which attended by Iowa bridge enthusihere. The bridges would be constructed South Sloux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give per cent of the primary road fund each year toward the construction of the bridges. If the works out one bridge year could be built, it was stated. Two Kearney National Banks Merge Central National bank, of Kearney, has been merged the City National bank, of this city, following negotiations which tended several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state, outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and capital and surplus of $165,000. and cash and bonds on hand exceeding $600,000. Graduate Voted an Oxford Scholarship Cox. who graduated from the University of Nebraska to embark upon course in Oxford university following his winning the Rhoades scholarship for Nebraska from list dozen candidates. The Rhodes award provides for three years residence at the English school with an annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in course at the University of Nebraska, where he was associated with the Daily Nebraskan, student publication. RS editor for two years. He graduated from the university with Phi Beta Kappa honors. He entered the Harvard law school this fall.


Article from The Creighton News, December 23, 1926

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NEBRASKA OF WEEK BRIDGES BUILT MISSOURI RIVER Funds to Be Requested of lowa Nebraska Legislatures of Nebraska and will be asked for funds construct eight bridges over the Missouri river coming session, decided at meeting of the Nebraska Bridge association, which attended by bridge enthusi asts here. The bridges would be constructed South Sloux City, Decatur. Omaha Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give per cent of the primary road fund each year toward the construction of the bridges If the plan works out one bridge year could be built, was stated. Two Kearney National Banks Merge Central National bank, of Kearney has been merged with the City National bank, of this city, following negotiations which tended over several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state. outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and capital and surplus of $165,000, and cash and bonds hand exceeding Graduate Voted Oxford Cox. who grad uated University of Nebraska spring, preparing to embark upon course in Ox. ford university following his winning the Rhoades scholarship for Nebraska from list of dozen candidates. The Rhodes award provides for three years residence the English school with annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately rolled course at the University Nebraska, where he was, associated with the Daily Nebraskan, student publication, as editor for two years He graduated from the university with Phi Beta Kappa honors. He entered the Harvard school this fall. Infant Mortality In Nebraska mortality Nebraska, Iowa, Minnesota, ton and Oregon was lower than in any other states during 1925, Grace Abbott, chief of the children's bureau, said her annual report. two year ion of the maternity and infancy act. through which federal aid is given states for the promotion of birth hy giene, was urged. Although progress has been made in reducing the deaths of mothers and bables. further effort toward this end needed. was said The infant mortality rate during 1925 for the United States was per 1,000 births. The five leading states had of 60 or below.


Article from Hildreth Telescope, December 23, 1926

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CURRENT BUILT OVER MISSOURI Funds Be Requested and Nebraska Legislatures of Nebraska and lowa will be asked for funds construct eight bridges over the Missouri river at the coming session, decided at meeting of the Nebraska Bridge association, which attended by Iowa bridge enthusihere. The bridges would constructed South Sloux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to per cent of the primary road fund each year toward the construction of bridges. the plan works out one bridge year could be built, stated. Two Kearney National Banks Merge Central National bank, of Kearney, has been merged the City National bank, of this negotiations which extended over several weeks. Though the merger, the City National bank one of the strongest banking houses the state, outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and capital and surplus $165,000. and cash and bonds on exceeding Graduate Voted Oxford Scholarship Cox. who graduated from the University Nobraska last preparing bark upon course in Oxford university following his winning the Rhoades scholarship for Nebraska dozen candidates. Rhodes for three years residence at the English school with Cox graduated from Lincoln high school in 1922. He immediately enrolled in course at the University of Nebraska, where he associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Beta Kappa honors. He entered the Harvard law school Infant Mortality Nebraska mortality Nebraska, Iowa, Minnesota, Oregon lower other during 1925, Grace Abbott, chief of the children's bureau, said her annual report. year the maternity and Infancy act, through which federal aid states for the promotion of birth hy giene, urged. Although progress been reducing the mothers and babies, further effort toward this end is needed, was said. The infant mortality during 1925 for the United States was per births. The five leading states had or below.


Article from The McCook Republican, December 24, 1926

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OF CURRENT BRIDGES BUILT OVER MISSOURI to Be of and Requested Nebraska Legislatures Nebraska will be asked for funds construct over the eight bridges Missouri at the coming session, decided at meeting of the Nebraska Bridge association, which attended by Iowa bridge enthusihere. The bridges would be constructed South Sioux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give cent of the per primary road fund each year toward the construction of the bridges. If the plan works out one bridge year could be built, was stated. Two Kearney National Banks Merge Central National bank, of Kearney, has been merged with the City National bank, of this city, following negotiations which tended over several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state, outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and capital and surplus of $165,000, and cash and bonds on exceeding Graduate Voted Oxford Cox. who graduated from the University of Nebraska last spring, preparing to embark upon three-year course in Oxford university following his winning the Rhoades scholarship for Nebraska from list of dozen candidates. The Rhodes award for three years residence at the English school with an annual of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in course at the University of Nebraska, where he associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Phi Beta Kappa honors. He entered the law school this fall.


Article from The Peru Pointer, December 24, 1926

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NEBRASKA NEWS OF CURRENT WEEK ASK 8 BRIDGES BUILT OVER MISSOURI RIVER Funds to Be Requested of lowa and Nebraska Legislatures Omaha.-Legislatures of Nebraska and Iowa will be asked for funds to construct eight bridges over the Missouri river at the coming session, it was decided at a meeting of the Nebraska Bridge association, which was attended by Iowa bridge enthusiasts here. The bridges would be constructed at South Sioux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give 5 per cent of the primary road fund each year toward the construction of the bridges If the plan works out one bridge & year could be built, it was stated. Two Kearney National Banks Merge Kearney.-The Central National bank, of Kearney, has been merged with the City National bank, of this city, following negotiations which ex. tended over several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state. outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and a capital and surplus of $165,000, and cash and bonds on hand exceeding $600,000. Graduate Voted an Oxford Scholarship Lincoln.-Hugh B. Cox. who graduated from the University of Nobraska last spring, is preparing to embark upon a three-year course in Ox. ford university following his winning the Rhoades scholarship for Nebraska from a list of dozen candidates. The Rhodes award provides for three years residence at the English school with an annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in a course at the University of Nebraska, where he was associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Phi Beta Kappa honors. He entered the Harvard law school this fall.


Article from The Potter Review, December 24, 1926

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NEBRASKA NEWS OF CURRENT WEEK ASK 8 BRIDGES BUILT OVER MISSOURI RIVER Funds to Be Requested of lowa and Nebraska Legislatures Omaha.-Legisiatures of Nebraska and Iowa will be asked for funds to construct eight bridges over the Missouri river at the coming session, It was decided at a meeting of the Nebraska Bridge association, which was attended by Iowa bridge enthusiasts here. The bridges would be constructed at South Sioux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give 5 per cent of the primary road fund each year toward the construction of the bridges. If the plan works out one bridge & year could be built, it was stated. Two Kearney National Banks Merge Kearney.-The Central National bank, of Kearney, has been merged with the City National bank, of this city, following negotiations which extended over several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state, outside of Omaha and Lincoln. with deposits exceeding $2,500,000 and a capital and surplus of $165,000, and cash and bonds on hand exceeding $600,000. Graduate Voted an Oxford Scholarship Lincoln.-Hugh B. Cox. who graduated from the University of Nebraska last spring, is preparing to embark upon a three-year course in Oxford university following his winning the Rhoades scholarship for Nebraska from a list of a dozen candidates. The Rhodes award provides for three years residence at the English school with an annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in a course at the University of Nebraska, where he was associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Phi Beta Kappa honors. He entered the Harvard law school this fall.


Article from The Douglas County Gazette, December 24, 1926

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CURRENT MISSOURI Be Requested of Nebraska Legislatures of Nebraska will be asked for funds construct eight bridges the Missouri river the coming decided at meeting the Nebraska Bridge which attended by Iowa bridge enthusihere. The bridges would be constructed South Sloux Decatur, Omaha, Blair, Plattsmouth, Nebraska Rulo and Iowa bridge advocates will ask the legislature cent of the per primary road fund each year toward the construction of the bridges the plan works out bridge could be built, stated. Kearney National Banks Merge Central National bank, Kearney, has been merged the City National bank, of this following negotiations which tended over several weeks. Though the merger, the City National bank becomes one of the strongest houses the state, outside of Omaha and Lincoln, deposits exceeding $2,500,000 and capital and surplus and cash and bonds hand exceeding Graduate Voted Oxford Cox. who graduated from the University Nebraska last preparing to emupon three-year course Oxford university following his winning Rhoades for Nebraska from list dozen candidates. The Rhodes award provides for three years residence the English school with annual gift of 400 pounds sterling. graduated from Lincoln high school He immediately rolled in course the University of Nebraska, where associated with the Daily Nebraskan, student publication, as editor for two years. graduated from the with Beta Kappa honors. He entered the Harvard law school fall. Infant Mortality Low in Nebraska mortality Nebraska, Iowa, Minnesota, Washingand Oregon was lower than other states during Grace Abbott, chief of the children's bureau, said her annual report. two year extension of the maternity and infancy act, through which federal aid given states for the promotion of birth giene, urged. Although progress has been made reducing mothers and babies. further effort toward end needed. The infant mortality rate during for the United States was per births. The five leading states of 60 or below.


Article from Cedar Rapids Outlook, December 30, 1926

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NEBRASKA NEWS OF CURRENT WEEK ASK 8 BRIDGES BUILT OVER MISSOURI RIVER Funds to Be Requested of Iowa and Nebraska Legislatures Omaha.β€”Legislatures of Nebraska and Iowa will be asked for funds to construct eight bridges over the Missouri river at the coming session, it was decided at a meeting of the Nebraska Bridge association, which was attended by Iowa bridge enthusiasts here. The bridges would be constructed at South Sioux City, Decatur, Omaha, Blair, Plattsmouth, Nebraska City, Rulo and Niobrara. Iowa bridge advocates will ask the legislature to give 5 per cent of the primary road fund each year toward the construction of the bridges. If the plan works out one bridge a year could be built, it was stated. Two Kearney National Banks Merge Kearney.β€”The Central National bank, of Kearney, has been merged with the City National bank, of this city, following negotiations which extended over several weeks. Though the merger, the City National bank becomes one of the strongest banking houses in the state, outside of Omaha and Lincoln, with deposits exceeding $2,500,000 and a capital and surplus of $165,000, and cash and bonds on hand exceeding $600,000. Graduate Voted an Oxford Scholarship Lincoln.β€”Hugh B. Cox, who graduated from the University of Nebraska last spring, is preparing to embark upon a three-year course in Oxford university following his winning the Rhoades scholarship for Nebraska from a list of a dozen candidates. The Rhodes award provides for three years residence at the English school with an annual gift of 400 pounds sterling. Cox graduated from Lincoln high school in 1922. He immediately enrolled in a course at the University of Nebraska, where he was associated with the Daily Nebraskan, student publication, as editor for two years. He graduated from the university with Phi Beta Kappa honors. He entered the Harvard law school this fall. Infant Mortality Low in Nebraska Washington.β€”Infant mortality in Nebraska, Iowa, Minnesota, Washington and Oregon was lower than in any other states during 1925, Grace Abbott, chief of the children's bureau, said in her annual report. A two year extension of the maternity and infancy act, through which federal aid is given states for the promotion of birth hygiene, was urged. Although progress has been made in reducing the deaths of mothers and babies, further effort toward this end is needed, it was said. The infant mortality rate during 1925 for the United States was 72 per 1,000 births. The five leading states had rates of 60 or below. Want Good Roads In Pawnee County Pawnee City.β€”Heightening interest in good roads was marked by the meeting with the Public Service club of retiring and newly elected county commissioners and four citizens of Mission Creek, all of whom declared in favor of concerted action to secure a more widespread system of good roads for this county. At the present time state department men are staking the highway from the end of gravel surfacing west of here to Lewiston, preparatory to grading, and prospecting for gravel has been conducted near here by engineering forces of the state.


Article from Nebraska City News Press, May 15, 1927

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Kearney Bank Fails to Open Its Doors KEARNEY, Neb., May Kearney was thrown into excitement this morning when the City National Bank, with deposits of failed to open its doors. Dan Morris, president, and of the best known bankers in the state, attributed the trouble to "frozen paper," but declared that the bank will be able to pay out 100 cents on the dollar. A national bank examiner who to Kearney Friday night was in charge of, the institution. The City National was capitalized There are two other banks. both state institutions, at Kearney.


Article from Dorchester Star, May 26, 1927

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OF CURRENT WEEK KEARNEY BANK CLOSES, HOPES OUT City National Leans," Deposits Nearly $1,760,000. National bank Kearney has closed had deposits million, 750 thousand dollars and loans of two milthousand "Frozen loans" dating from 1920. assigned the reason for the failure. Last the City !onal bank and the Central National of sold their assets corporation. the City Na. tional bank Kearney The new stitution. controlled by the stockholders the two tormer banks and several amounting to thousand dollars capital stock and 15 thousand dollars surplus. After the organization of the bank by the purchase two old deposits were two million, 440 thousand dollars, and loans about the amount. While the bank. since then, reduced its loans approximately 300 thousand dollars the loss deposits amounts twice that sum. Kearney now has two state banks, the State and the American State Bradley Horses Enter Omaha Races Bradley, owner Bubbling Over, which won the 1926 version of the classic Kentucky derand owner of Bewithus and Buddy Bauer, of year's entries. has promised racing association several his horses the meet here June Bradley, said Byrne wealthy Omaha race enthusiast promised me send three four of his best horses, presume he will send Bewithus Buddy Bauer, but any Bradley horse real horse, Bradley Corn Leading Nebraska Crop than acres under cultivation or per cent was corn. Winter wheat credited acres while oats. was Hated and tame hay of all kinds totalled acres. There bushels produced the state average during the five-year period 1921-25 which put Nebraska third place corn production the nation. Iown led all states and Illinois was second Attractive Mail Boxes Beautify Roads Nebraska national campaign beautify public highways by making mail boxes attractive and more uniform, has been taken here. with an active attempt unsightly boxes removed, those improperly placed, correctly stationed. Co-operation of all rural subscribers being sought the post office department, and ters actively engaged helping along. Tubercular Eradication Reduces LOSS report recently issued Omaha Livesfock exchange ing comparative figures hogs Omaha and Nebraska City from accredited counties show there reduction per cent in the number of tubercular infected hogs slaughtered during the first three months 1927, first three months of 1926. Restrain Issue Of School Bonds Scott and other taxpayers for and restraining order against the board prevent from Issuing bonds for the erection school building, upon petition payers, without an The junction will be argued before Carter. Cutwerms Real Menace Crops braska have reported cutworms menace their this The rainy spring believed been responsible for inroads of the worms, which have shown quantities such not this vicinity for many To Begin Drive On Barberry Nebraska obtained $21,000 from federal appropriation for the new year beginning July for barberry eradication. The survey work for common barberry will Pierce. and Stanton the result work in bushes have been found and troyed from 4,045 properties. search carried during the shows that barberries been observed counties the state.


Article from Kearney Hub, June 21, 1927

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Now or Never! The hotel drive will close tomorrow evening. and the result reached that time may have definite bearing upon the future Our Town for to come. Admitting that many years the drive to secure subscription of $35,000 the preferred stock of the proposed operating company follows upon the heels of the recent City National bank suspension, with the consequent depressing influences, the fact nevertheless remains that this allotment to Kearney citizens not beyond our reach or our financial ability. To admit that this city of ten thousand people can not or WILL NOT invest thousand dollars in sound home enterprise which means so much this particular moment, would be shameful and humiliating confession made publicly without reservation plea in extenuation. Surely we do not intend to make such confession. Moreover climax of injustice reached when it becomes necessary for the generous and public spirited foot the bill for community and progress while his citizen lacking in public spirit or generosity is equally benefitted although his contribution pittance possibly nothing at all. Indeed, for circumstanced citizen to ride free the cost of another person not well circumstanced, is thing so repugmant as to be inconceivable, were not true and did we not know that such things are really done. The last lap of the drive is now on. The amount in sight at this time approximately $21,000.00. Strenuous will be needed to put the drive across for the full $35,000. Of course can be done. But to do It there must be addition to the list of subscribpossibly will be necessary for those who have subscribed to increase the amounts pledged. No "piker" be on good terms with himself he has contributed to the transformation of Splendid Effort Humiliating Failure. Again, great deal depends upon the action of Kearney's absentee of Mr. Keens, Mr. DownMr. Porterfield and present residents California, but having heavy property interests modest gesture from these four and step forward by other group of citizens are holdwould instantly change discouraging outlook into assurance of gratifying SUCCESS. should be borne in mind that the new owners of the uncompleted hotel asking for gifts or donations, offering reasonably safe investment six per cent with probability of future liquidation from the profits operation. But be that as may, the proposal were for gift instead of an investment, every subscriber would still be making the best of all investments, based upon his own community pride and the indirect benefits derived from the building of proud and community. Color blindness is frequently just annoying, but when the vision distorts to baby pink It high time do something about It. Censorship of bathing costumes on the Atlantic City beaches has been abandoned. You can censor some things all of the time, others some of the time but appears futile to expect to censor feminine dress at any time. This year, we are told, to petition of 1816, year without Let's worry about that when over and for the time being on finishing the hotel and looking forward to harvesting that wonderful small grain crop which now in sight. Canada threatens embargo filth" of American origin. There seems to be ample justification step, decent can thus be saved from polution. Cheap, degrading, filthy "magazine perhaps even more danthe future mankind than corn borer foot and mouth greatest says Charles "is for air ports great cities. This country situated be the leader We have no International 8 complicate things, our conditions are relatively good people to whom time means more than does to any Lindbergh merely stunt attitude toward him mere sentimentality.


Article from Evening World-Herald, September 7, 1927

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SUES SOUTH SIDE BANK Receiver at Kearney Wants Accounting on N M A. Ross, receiver of the City National bank of Kearney since nst May, brought suit in federal court here sday against the State Bank of South Omaha for an accounting, as the result 01 the latter's efforts to collect on a note. The note given by the Kearney blank, for $12,500. was not paid at maturity, and collateral notes were ordered sold, the receiver contends in his petition. The Omaha bank then bought them in Mr. Ross claims he did not get notice of the sale. The suit was filed by Brogan, Ellick and Raymond.


Article from Omaha World-Herald, September 7, 1927

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SUES SOUTH SIDE BANK Receiver at Kearney Wants Accounting on N M A. Ross, receiver of the City National bank of Kearney since ast May, brought suit in federal court here sday against the State Bank of South Omaha for an accounting as the result of the latter's efforts to collect on note The note given by the Kearney blank for $12,500. was not paid at maturity. and collateral notes were ordered sold. the receiver contends in his petition. The Omaha bank then bought them in Mr. Ross


Article from Kearney Hub, April 12, 1928

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BEGIN PAYING OF DIVIDENDS Over Four Hundred Thousand For Bank Depositors. Receiver Ross. of the City National bank, announced late yesterday that dividend checks had been returned from Washington where they had been sent for signatures and would be distributed to depositors of the closed bank beginning Thursday This morning at nine o'clock. citizens began calling for their checks and although the news did not receive wide circulation quite number were in line when the bank opened its doors dividend of twenty-five per cent is being paid on all deposits. The total to be distributed. according to Mr. Ross, of $410,000 Checks can be called for at any time during regular banking hours, it announced.


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To Sell Closed Kearney Bank Building Tomorrow Kearney, May 8 (LP)-Building and equipment of the old City National bank here are to be sold. Sealed bids on the property will be received tomorrow. Right has been reserved by the comptroller of currency to reject any and all bids and provision is made for occupancy of the bank offices by bank receivers until the affairs of the closed bank have been cleared up.


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BANK PROPERTY AT KEARNEY FOR SALE KEARNEY, NEB., May Building and equipment of the old City National bank here are Sealed on the property will received tomorrow. has reserved by the comptrolcurrency any and bids and made for cupancy of the offices until the affairs the closed bank have cleared


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TEST MONITOR STATION GRAND ISLAND, Neb., May (U.P)Acceptance tests on equip ment and apparatus at the govern ment radio monitor station have been conducted by government ex perts. W. D. Terrell, director of radio in the department of com merce; S. W. Edwards, superinten dent of development and produc tion of radio in the department of commerce and the designer of the monitor station here and Superin tendent Ben Wolf made the tests TO SELL BANK BUILDING KEARNEY, Neb., May 8-(U.P.)Building and equipment of the old City National Bank here are to be sold. Sealed bids on the property will be received tomorrow. Right has been reserved by the comptroller of currency to reject any and all bids and provision is made for occupancy of the bank offices by bank receivers until the affairs of the closed bank have been cleared up.


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TO SELL EQUIPMENT KEARNEY Neb., May Building and equipment of the old City National bank here are to be sold. Sealed bids on the property will be received tomorrow. Right has been reserved by the comptroller of currency to reject any and all bids and provision is made for occupancy of the bank offices by bank receivers until the affairs of the closed bank have been cleared up.


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CITY NATIONAL WILL PAY CENT DIVIDEND In accordance with statement authorized by acting Receiver HarNowland the City National Bank, fourth dividend will be paid the bank during the month October, the amount being eight the total distribution which will be $132,240 on the proved claims of This dividend will be distributed among the 3200 depositors ord and will mean the issuance that number of checks which will be sent from Washington for distribution and coming at this time and distributed among so many, the money will do much good. Three other dividends have been paid by the bank the first 25 percent the second 10 percent and the third percent, making total of per cent which will have been paid the bank. Receiver Nomland will retain office the bank when cupied by the Fort Kearney State Bank in the near future. The banking room being repaired and would be ready occupancy but the work has been retarded the delay in shipment the tile.


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nonresident receiver. the employ the Treasury partment, will in all probability appointed for the Norfolk National bank which failed to open its doors Monday word received in Omaha day. Efforts made Norfolk man appointed receiver Two names have been mentioned receiver. They are Frank Burchmore, now receiver for the Tilden National bank Tilden and Harold Nomland. ceiver for the City National bank Kearney. Word from Washingthat the appointment Burchmore would be considered, depending on whether he can sume the added duties. this cannot arranged probable Mr. Nomland will be given the post. His work Kearney practically concluded for the receiver by Gens Huse, Norfolk publisher. Mr. Huse was in Washington this week and presented Mr. Kelsey's to the Treasury department. Attorneys for bank receivers are appointed upon of the with the approval the comptroller be appointed for he has had legal business connections with the failed bank


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TRANSFER BANK RECEIVER KEARNEY. Sept. Nomland, receiver of the City National bank of Kearney, has been transferred to Norfolk, where he will be in charge of the Norfolk National bank and the First National banks at Hartington, Tilden and Crofton. Affairs of the City National are in the final stages of liquidation, and the final dividend, probably 2.8 per cent and amounting to approximately $50,000, probably will be ready in October. With the payment of this final dividend, the creditors will have received trifle 50 per cent of the total approved claims of $1,682,000.