Multiple newspaper items (Nov 1898) refer to the bank as defunct and to a receiver (Receiver Hill) handling assets, with beneficiaries petitioning to restrain sale of pledged life insurance. No run or reopening is mentioned — the bank is in receivership/closed. I infer 'state' for a savings bank (state-chartered) though charter not explicitly stated.
Events (1)
1.November 4, 1898Receivership
Newspaper Excerpt
a remarkable petition ... seek to have Receiver Hill of the defunct Lincoln Savings bank restrained from selling ... insurance policies ... pledged to secure a loan.
Source
newspapers
Newspaper Articles (7)
1.November 4, 1898Deseret Evening NewsSalt Lake City, UT
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Article Text
Browns In Jeopardy. Lincoln, Neb., Nov. 4.-A remarkable petition has been filed in the district court of Lancaster county by Charles F., David W. and George K. Brown to seek to have Receiver Hill of the defunct Lincoln Savings bank restrained from selling to the highest bidder insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a loan. The novel claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them to dual inducement IN offered the holder to make way with the parties insured. Judge Holmes has assigned the case for hearing at the term of court which meets this month.
2.November 4, 1898The Topeka State JournalTopeka, KS
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THEIR LIVES IN DANGER. Beneficiaries Object to theSale of Policies on Their Lives. Lincoln, Neb., Nov. 4.-A remarkable petition has been filed in the district court of Lancaster county by Charles F., David W., and George K. Brown, who seek to have Receiver Hill of the defunct Lincoln Savings bank refrained from selling to the highest bidder, insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a loan. The novel claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers met with reverses and were obliged to part with their life insurance policies as collateral for a loan. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a great inducement is offered the holder to make way with the parties insured. Judge Holmes has assigned the case for hearing at the term of court which meets this month.
3.November 5, 1898Bryan Morning EagleBryan, TX
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REMARKABLE PETITION. The Browns Protest Against Their Life Insurance Policies Being Sold. Lincoln, Neb., Nov. 4-A remarkable petition has been filed in the district court of Lancaster county by Charles F., David W. and George K. Brown, who seek to have Receiver Hill of the defunct Lincoln Savings bank re. strained from selling to the highest bidders insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a lien. The novel claim is ad. vanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers met with reverses and were obliged to part with their life insurance as nollateral for a lien. The policies may be paid only at the death of the assured, hence the claim is made that by the refusing them n great inducement is offered the holder with the parties insured. Judge Holmes has assigned the case for hearing at the term of court which meets this month.
4.November 5, 1898The Salt Lake HeraldSalt Lake City, UT
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REMARKABLE PETITION. Seeks to Restrain Sale of Hypothecated Life Insurance. Lincoln, Neb., Nov. 4.-A remarkable petition has been filed in the district court of Lancastaer county by Charles F., David W. and George K. Brown, to seek to have Receiver Hill of the defunct Lincoln Savings bank restrained from sellin gto the highest bidder insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a loan. The novel claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a dual inducement is offered the holder to make way with the parties insured.
5.November 10, 1898Condon GlobeCondon, OR
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Pledged Their Policies. Lincoln, Neb., Nov. 7.-A remarkable petition has been filed in the district court of Lancaster county by Charles F., David W. and George K. Brown, to seek to have receivers of the defunct Lincoln Savings bank restrained from selling to the highest bidder insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a loan. The novel claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a dual inducement is offered to make away with the parties insured. Judge Holmes has assigned the case for hearing at the term of court which meets this month.
6.November 10, 1898The Yakima HeraldYakima, WA
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Article Text
Pledged Their Policies. Lincoln, Neb., Nov. 7.-A remarkable petition has been filed in the district court of Lancaster county by Charles F., David W. and George K. Brown, to seek to have receivers of the defunct Lincoln Savings bank restrained from selling to the highest bidder insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a loan. The novel claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a dual inducement is offered to make away with the parties insured. Judge Holmes has assigned the case for hearing at the term of court which meets this month.
7.November 11, 1898The Chanute TimesChanute, KS
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THEIR DEATH WORTH $15,000 Brothers Fear the Buyers of Their Insurance Policies win Murder Them. LINCOLN, Neb., Nov. 5.-A remarkable petition has been filed in the dis trict court by Charles F.. David W and George K. Brown, who seek to have Receiver Hill of the defunct Lincoln Savings bank restrained from selling to the highest bidder insurance policies aggregating $15,000 on their lives, pledged to secure a loan. The claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers used their life insurance as collateral for a loan. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a great inducement is offered the holder to make way with the parties insured. The case is to be heard this month.
