320101140 32010
national
0f2fd8d2f0e18f8fCapital injected, Partial suspension, Full suspension, Books examined
Click image to open full size in new tab
Nebraska Bank Closed. KEARNEY, Neb., Dec. 14.-The Kearney National bank closed its doors yesterday. Liabilities about $125,000. The suspension was caused by a rumor which caused a run on the bank. None of the business houses have closed, and there are no indications of a run on the other banks.
Click image to open full size in new tab
BIG BANK FAILURE Kearney National Closes Its Doors With Heavy Liabilties. Kearney, Neb., Dec. 14.-The Kearney National bank has closed its doors; liabilties, as nearly as can be now ascertained. about $125,000; the county loses $10,000 and the city $2,000. These are no indications of a run on the other banks
Click image to open full size in new tab
Kearney Bank Closes. KEARNEY, Neb., Dec. 14.-The Kearney National bank closed its doors Thursday. The liabilites as nearly as can be now ascertained, are about $125,000. The county loses $10,000 and the city $2,000. There are no indications of a run on the other banks.
Click image to open full size in new tab
Kearney Bank Resumes. WAHINGTON, Jan. 16.-The Kearney national bank, of Kearney, Neb., which suspended payment Dec. 13, 1894, having fully complied with the conditions imposed by the comptroller of the currency, and the capital stock now being unimpaired, was today permitted to resume business.
Click image to open full size in new tab
KEARNEY BANK REOPENS. Washington, Jan. 16.-The Kearney National bank, of Kearney, Neb., which suspended payment December 13, 1894, having fully complied with the conditions imposed by the comptroller of the currency, and the capital stock being unimplaired, was today permited to reopen its doors for business.
Click image to open full size in new tab
NEWS ITEMS. Ga.. is in the throes of a ! will reduce the price of bread from live cents to three cents At Gallipolis, O., Silverman, Levi & Co., wholesale liquor dealers, donated one hundred loads of coal to the poor of that city. Wm. L. Reed. aged 76 years, one of the wealthiest citizens of Danville, Ky., died Wednesday at Orlando, Fla., of heart disease. The Kearney national bank. of Kearney, Neb., which suspended payment December 15, 1894, has been permitted to resume business At Gallipolis, O,, Abraham Jeffers, veteran of the Thirty-sixth 0. V. I., familiarly known as "Uncle Abe." died at the age of 80 years. *** Ex-County Commissioner Joseph H. Blake. a well-known demoeratic lawyer. died in Terre Haute Ind. He carried $25,000 life insurance Among the appointments to the Military academy just inade are: Albert M. McClure, Humphrey. Ky.; Frank W. Cooley, alternate. Williamsburg. Ky. At Elkhart. Ind.. Thomas J. Beckwith shot and killed his wife and then committed suicide because she went to a church entertainment against his wishes. Hon Senator Tasse, Canadian commissioner to the Chicago World's fair. and an ex-member of parliament, died at Montreal. Thursday, after a long illness. Joseph Vernon Whittaker, a veteran of the civil war in the United States and formerly attached to the staff of al Philadelphia newspaper, is dead in London. Representative MeNagny has introduced in the house n bill to remove the charge of desertion from the record of James Hennessey, of Concord. DeKalb county. Ind. William Waldorf Astor has made a contribution of $5,000 to the police pension fund for services rendered at the funeral of his wife in New York a few days since. William B. Cecil died suddenly at his home in Boyle county. KyO from an acute attack of Bright's disease. He was one of the largest land owners in central Kentucky. The democratic caucus of the item Virginia legislature Wednesday night nominated Hon. Johnson L. Camden to succeed himself as U. S. senator. Two ballots were taken. Pittsburgh capitalists are examining some fine springs Mansfield O,,with the intention of locating a large artificial ice plant there to supply the Pittsburgh market. Peru, Ind., intends to enforce the law in the future, so far as saloons and gambling are concerned. This was decided upon at a mass meeting of citizons Thursday night. William A. Beach, another of the men charged with the theft of 70,000 postage stamps from the Burcau of Printing and Engraving. was found guilty, with a recommendation to mercy. Joseph Shorett, f-breed who was born two years before the United States constitution was adopted. is dead at Fond du Lac. Minn. Shorett was born on Leech lake, 110 years ago, when the Indians had complete con trol. Edward Silch, the baseball player who last appeared with the Brooklyn team, died in St. Louis, Tuesday, and was buried there Wednesday. Deceased was married, but childless. His funeral was attended by ten league players residing there. Fire Inspector Cowie, of Chicago, was held to the grand jury under $1,500 bond, and his co-conspirator, Chin Tin, under $500 bond. Cowie and Chin Tin were charged with conspiring to indict two Chinamen, Ah Hung and Hong Sling, for arson. The Indiana encampment of the G.
Click image to open full size in new tab
GOT PINCHED IN THE PANIC. And that's what Ails the Kearney, Neb. National Bank. Omaha, Neb., Sepa. 13.-A special to the Bee from Kearney, Neb., says: The Kearney National bank closed its doors for business this morning. The county loses about $5,000 and the city $400. There is a party here examining the condition of affairs and if favorable he will take a controlling interest and the bank will be reopened. Otherwise a receiver will be asked for. Omaha, Neb., Sept. 13.-The Bee is informed by one of the commercial agencies that a party of eastern capitalists stopped over in this city on their way to Kearney and that the men composing the party have practically decided to purchase the Kearney National bank, place it upon a firm financial footing and reopen it immediately. The bank was one of those caught in the panic. It reopened with the beginning of the present year, but the men back of it had too many difficulties to contend with to make the venture a profitable one.
Click image to open full size in new tab
FAILED A SECOND TIME. The Kearney National Bank Unable to Pay Its Debts. KEARNEY, NEBR., Sept. 13.-The Kearney National Bank is in trouble again, and failed to open its doors this morning. The bank failed once before, some time in December last, and was allowed to resume business by the Comptroller by issuing time certificates to the depositors payable in six, eight and twelve months. The trouble is not thought to be from depositors this time, but rather frem outside creditors, as their last statement shows something like $60,000 rediscount, and owing to slow collections they were not able to pay interest. A man by the name of Emmett from Chicago is here negotiating with the directors and stockholders with a view of purchasing a controlling interest, and is now looking over the papers of the bank. If a deal is made the bank will reopen; if not, it will be closed and a receiver asked for.
Click image to open full size in new tab
Reorganizes the Bank of Kearney. OMAHA, Neb., Sept. 14.-The Bee is informed by one of the commercial agencies, that a party of eastern capitalists stopped over in this city on their way to Kearney and that the men composing the party have practically decided to purchase the Kearney National bank, and place it on a firm footing. The bank's failure was caused by the panic. It reopened in the beginning of the present year, but the men back of it had too many difficulties to contend with to make the venture a profitable one.
Click image to open full size in new tab
Bank Fails But Will Reopen OMAHA, Neb., Sept. 13.-A special to the Bee from Kearney, Neb., says: The Kearney National bank failed to open its doors for business this morning. The county loses about $5000 and the city about $400. There is a party here examining the condition of affairs, and if favorable he will take a controlling interest and the bank will be reopened, otherwise a receiver will be asked for. The Bee is also informed by one of the commercial agencies that a party of eastern capitalists stopped over in this city on their way to Kearney, and that men composing the party have practically decided to buy the Kearney National bank, place it on a firm financial footing and reopen it immediately. The bank was one of those caught in the panic.
Click image to open full size in new tab
OMAHA, Neb.-A special to the Bee from Kearney, Neb., says: The Kearney National bank failed to open its doors for business this morning. The county loses about $5,000 and the city about $400. There is a party here examining the condition of affairs and if favorable, he will take a controlling interest and the bank will be reopened, otherwise a receiver will be asked for.
Click image to open full size in new tab
A Nebraska Bank Suspends. The suspension of the Kearney National Bank of Kearney, Neb., is announced. Bank Examirer H. J. Whitmore is in charge. At the last examination, May 28 last, the bank had a capital of $100,000; surplus, $24,000; deposits, $96,000; bills payable, $13,500; notes. rediscounted, $49,000; loans and discounts, $219,000.
Click image to open full size in new tab
WASHINGTON.-The comptroller of the currency today appointed Mr. Robert Payne, of Nebraska City, Neb., receiver of the Kearney National Bank of Kearney, Neb., which suspended payment on the 13th inst.
Click image to open full size in new tab
Bank Receiver Appointed. The controller of the currency has appointed Mr. Robert Payne of Nebraska City, Neb., receiver of the Kearney National Bank of Kearney, Neb., which suspended payment on the 13th instant.
Click image to open full size in new tab
DIVIDENDS OF FAILED BANKS Together With Some Account of Fresh Commercial Smashes, Washington, Oct. 19.-The comptroller of the currency has declared dividends in favor of insolvent national banks as follows: Twenty per cent the First National bank of Bedford City, Va.; 20 per cent the Kearney National bank of Kearney, Nebraska; 20 per cent the First National bank of Port Angeles, Wash.; 15 per cent the Farmemrs' National bank of Portsmouth, Ohio; 10 per cent the First National bank of Corry, Pa.; 4½ per cent the City National bank of Hastings, Neb. Hartford, Conn., Oct. 19.-Judge Henry E. Taintor, receiver for the assigned banking firm of George P. Bissell & Co., today filed in the superior court a partial inventory which shows 800 depositors, with total deposits of $290,000. All assets that could be found Monday total $307,236.33, but the receiver is unable to give any approximate statement of the liabilities and aside from the fact that the failure is known to be a very heavy one, nothing has as yet been ascertained. Buffalo, N. Y., Oct. 19.-The Western New York Preserving and Manufacturing company, of Springville, the largest business concern of that village, has gone into the hands of a receiver. Statements made to the court show the assets to be $26,756; liabilities $167,373. Philadelphia, Pa., Oct. 19.-Coon Bros., wholesale cheese dealers, doing business at 29 Water street, made an assignment today for the benefit of their creditors. Stringency in the money market caused the failure. No statement of assets or liabilities was given out. Topeka, Kan., Oct. 19.-The Golden Eagle Clothing company, managed by S. Ettlinger, failed today. Assets and liabilities about $30,000 each.
Click image to open full size in new tab
Defunct Bank Pays a Dividend Robert Payne, receiver of the old Kearney National Bank has issued a notice stating that a dividend of 10 per cent on the proved claims against the bank has been declared by the Comptroller of the Currency, payable Monday, October 26, to the claimant in person, on presentation of his receiver's certificate. This is the first dividend the receiver has declared. : nd it is expected now that the depositors will receive at least 50 I er cent. of their claims.
Click image to open full size in new tab
LINCOLN, Neb., March 6, 1902.-Mr. M. A. Brown, Editor Hub, Kearney, Neb. Dear Sir: In a letter addressed to you under recent date I expressed the desire that the next time you were in Lincoln you would accord me a personal interview relative to the wisdom and justice of my act in commuting the sentence of Joseph S. Bartley. My object in desiring to converse with you was not so much to convince you of the righteousness of my act as it was to ascertain if you had any intention or were so financially situated as to pay the state all or a portion of the money due it indirectly from you. It may not be generally known, but it is nevertheless a fact that thousands of dollars of the state funds deposited by State Treasurer Bartley were lost through the failure of banking houses of Kearney during the panic. In each instance the receiver of the insolvent bank found the failure primarily due to the making of unsafe and poorly indemnified loans. One of the banks that closed its doors, the Kearney National, in which the state had $6,000 deposited and which it lost, at the time it failed carried among its assets your notes and obligations amounting almost to $14,000. The receiver found that on very limited and what most bankers would regard poor security you had procured loans from that institution until you were among the largest, if not the largest, debtor of the bank. When the receiver undertook to realize on some of the assets he was unable to find a purchaser who would give anywhere near the face value and finally was compelled to sell notes representing thousands of dollars for a few paltry dollars, Your notes, which you gave to an amount approximating $14,000, were part of the assets thus sold. Now, in all due fairness, I submit this question: Which is the real culprit, the man who deposited the money in the bank lawfully and presumably in good faith or the man who borrowed it from the bank and never paid it back? It was the making of just such loans that closed the doors of many banking establishments where Treasurer Bartley had funds on deposit and that made it impossible for the banks to settle with him and for him with his successor when the time came for him
Click image to open full size in new tab
Facts in the Case Another of the Many DemoPop Stories Prove to be Absolutely False Lincoln, Neb., Oct. 20, 1906. Tothe Editor of the REPUBLICAN: I ask space to give the facts concerning the false report that Norris Brown, republican candidate for United States senator, was indebted to the insolvent Kearney National Bank, at the time its affairs were settled, on notes due for money deposited therein by former State Treasurer Bartley, and that the state lost its money through Brown's repudiation, of hisnotes. Robert Payne, of Nebraska City, was receiver, and settled the affairs of this bank. He is a lifelong democrat, and his integrity is known throughout the state. To learn the exact truth I wrote him as follows: Lincoln, Neb., Oct. 17, 1906. Mr. Robert Payne, Nebraska City, Nebraska: DEAR SIR: It has been reported that Norris Brown had certain unpaid notes in your hands as receiver of the Kearney National
Click image to open full size in new tab
failure and your settlement of its affairs; that he borrowed the money from state funds deposited by former State Treasurer Bartley; that the state deposit was $6,000 which the state lost because Norris Brown did not pay his notes, one amounting to $35 and the other to $255. Will you please give me the facts in regard to this matter? Yery respectfully, W. B. ROSE, Chairman Republican State Central Com. To this Mr. Payne replied: Nebraska City, Nebraska. October 17, 1906. Mr. W. B. Rose, Chairman Republican State Central Com. DEAR SIR: Among the assets of the Kearney National Bank, placed in my hands as receiver, were notes amounting to about $300, signed by Norris Brown. These notes had no connection whatever with the deposit of $6,000 by ex-State Treasurer Bartley. As I recollect the facts they are about as follows: Norris Brown owed the bank as above stated. He claimed the bank owed him an account for attorneys fees, and wished to offset his indebtedness to the bank by the bank's indebtedness to him. Equitably, it looked to me as though such a compromise would be just. These notes, with other assets of the bank, were duly advertised for sale in the Kearney Hub, and sold with other assets of the bank in -March, 1898. I do not recollect who bought the notes or the amount paid for them. A common-sense interpretation of the transaction would be that Brown received from the Kearney National Bank for services, as claimed by him, an amount equal to the difference between the face value of his notes and the amount paid for the notes at public auction. Yours very truly, ROBERT PAYNE. That Norris Brown did notowe the Kearney National Bank, nor the state of Nebraska, any sum whatever, at the time the affairs of the bank were settled, was shown in a recently published interview with N. P. McDonald, present county attorney of Buffalo county, who was familiar with the facts. The truth was also published by Robert Payne, receiver, in an interview given to the Nebraska City Daily Tribune, October 6, 1906. Without making inquiry of Mr. Payne to ascertain the facts, and disregarding the truth which had been published, T. S. Allen, chairman of the democratic state central committee, has been diligently publishing and circulating throughout the state annonymous handbills containing this false report. I appeal to every fair minded man, regardless of affiliations, to resent the methods disreputable party employed central by the democratic state committee in their efforts to defeat Norris Brown and prevent regulation of freight rates by the election of a democratic W. B. ROSE, legislature. Chairman Republican State Central Com. Horticultural Meeting. of The the