Cornlea State Bank (Cornlea, NE)

Episode Information

Episode UID
3616779691588
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
361677969 hash
Start Date
April 19, 1932
Location
Cornlea, Nebraska (41.680, -97.566)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d380aa1715130cab

Response Measures

None

Description

Articles state the bank had failed and paid final dividends but do not give suspension/receivership date or explicit receiver assignment.

Events (2)

1. April 19, 1932 Other
Newspaper Excerpt
A final dividend ... has been paid to depositors of the failed Cornlea State bank.
Source
newspapers
2. * Receivership
Newspaper Excerpt
the failed Cornlea State bank
Source
newspapers

Newspaper Articles (4)

Article Text

LIGHTNER RETIRES Alone Presides Judge Spear at ATTORNEY'S MOVE FOR CONTINUANCE REFUSED Fremont, July 13 the decide whether Commerce Luikhart entitled take failed from Bliss, ousted receiver, resulted in the of District Judge Louis tirement Lightner from the case and an adAt opening the Beynon for the fication Judge Lightner on the grounds that he had written letter to Governor Charles W. Bryan, interfere in bank promising not Judge Lightner voluntarily from the ing Judge Spear on bench to hear alone. Judge Spear overruled motion Attorney Cook, asking for continuance of the case, Cook saying had just taken the case and did not know all of the points involved. Arthur Mullen, Governor Bryan's attorney, opposed motion, saying that there was noththe and that had died retired and would require great deal of research. Court was adjourned to permit Cook to study and gather data. Bliss that he will oppose the transfer of the long the applications for are and handled the Bliss said, to but await the action of the Bliss had in his fight with the governor that held his receiver through order of the district courts. Banks today Farmers State bank Belgrade; Boone State bank Bradish; Cornlea State bank; Farmers State: Clarks State bank; Dodge State bank; Farmers State bank of Fullerton; Farmers State bank of GeState bank of Bank and Murphy, of Humphrey: Lindsay bank; State bank; First bank of North Citizens and Farmers State bank of Scribner State bank; St. Edward Farmers State and the Snyder State bank, of Snyder. Lincoln, July 13 letter State Bass today, Attorney General said that the shall honor ordwhoever of failed when out the hands of the written folBass' assets failed banks since the brewed Governor Charles Bryan and Clarence Bliss. obligation to honthe Bliss the in Mr. Bliss by any court,' the torney general wrote


Article Text

BANK Final Dividends Paid Depositors at Cornlea, Thurston. The Elba State bank, Elba, reorganized, recapitalized and made by stockholders, reopened for business Tuesday according to by the department of trade and The bank 20, 1931. The plan contemplates payment of depositors capital stock $10,000, surplus deposits $33,000 cash from banks officers Bertel Leth, president; Anton Spilinek, vice president and J. Sumovich, final dividend of 2.2 percent, $3,003.92, has been paid to depositors the failed Cornlea State bank. total payment percent, amountto $13,926.82. final dividend from assets of percent, amounting $3,has paid depositors the Liberty State Thurston, making total of 12.7 percent


Article Text

SUSPENDED LINCOLN, 19 state department of trade and today announced the organization and the reopening of the Elba State Elba. The bank business November Luikart, department secretary, said the institution was capitalized and placed in thoroughly solvent condition the stockholders. The plan reorganization. he said, contemplates ultimate payment in full to all depositors. Upon reopening. the bank had capital stock of $10,000; surplus, $2,500; deposits of $33,000, and of $12,000 due from other banks. Luikart also announced the pay ment of in dividends to failed state banks positors A payment of $$3,404, or nearly went to the depositors per the Liberty State bank Thurston, and the other $3,000. nearly per cent. went to the Cornlea state bank of Cornlea.


Article Text

WOLL IN WARNING TO THE PROHIBITIONISTS Says If Law Not Modified Nullification by Congress Will Result. WASHINGTON. (AP). Matthew Woll, of the American Federation of Labor, testified to a senate committee that if national prohibition is not modified, "the pressure will become so great that nullification by congress will result and the federal government will cease to appropriate money for enforcement." He was one of several witnesses appearing on bills for a change in the prohibition laws. Woll contended the economic effect of legalizing beer is greatly needed to relieve the condition of labor. "Is it that we want revolution in this country?" he asked, his voice rising. "The remarkable thing to me is that labor has been so calm, so conservative during this depression." John Manning, secretary of the Union Label trades department of the American Federation of Labor, said hotels are the "middlemen" between the bootlegger and the drinker. Woll told the senators that in the enactment of prohibition, "purely a church organization has sought to enforce its own moral code by use of the policeman's club." Asserting that the labor group for which he spoke contains many persons active in the church, Woll warned that they may "arise in the church" and express their views. Denying a statement which he said had been made by Anti-Saloon league officials that he does not speak for labor, Woll said: "If this misrepresentation is to be continued, we shall venture into these cloistered walls and express our opinions there, because we are religious." Saying his father drank beer and (Continued on Page 6.) BANK AT ELBA REOPENS Final Dividends Paid Depositors at Cornlea, Thurston. The Elba State bank, Elba, reorganized, recapitalized and made solvent by stockholders, reopened for business Tuesday according to announcement by the department of trade and commerce. The bank suspended Nov. 20, 1931. The plan of reorganization contemplates ultimate payment of depositors in full. The capital stock is $10,000, surplus $2,500, deposits $33,000 and cash and due from banks $12,000. The new officers are: Bertel Leth, president; Anton Spilinek, vice president and J. S. Sumovich, cashier. A final dividend of 2.2 percent, amounting to $3,003.92, has been paid to depositors of the failed Cornlea State bank. The total payment is 10.2 percent, amounting to $13,926.82. A final dividend from assets of 4.7 percent, amounting to $3,404.23, has been paid to depositors of the Liberty State bank of Thurston, making a total of 12.7 percent or $9,198.62. GARDENS OVER STATE BENEFIT FROM RAINS Precipitation Light in Most Sectionsβ€”.02 of an Inch Here. Afternoon rain reports received by the Burlington were: One inch, York; half inch, Kearney; 1 inch, Alma to Red Cloud; 1 inch Minden; light rain on Oberlin line of road and on east end of the St. Francis branch. These rains were in addition to those shown on the morning report. Spring showers that fell over most of the state during the night and Tuesday morning came at an opportune time for gardeners. Rains were light in most vicinities, the heaviest fall being recorded at Minden where one inch of moisture was received. The Burlington reported precipitation over the eastern territory and one-half inch of rain from Blue Hill to Holdrege. No moisture was recorded in the northwest. The rain began here shortly after 3 a. m. The weather bureau reported .16 of an inch between 7 a. m., and 2 p. m. Sioux City received a trace of moisture and North Platte, .18 of an inch. The telephone company recorded rain at the following towns: Ashland, Friend, Seward, Hebron, David City, Beatrice, Tecumseh, Fairbury, Nebraska City, Plattsmouth and Auburn. Hastings reported .45 of an inch fall; Harvard, .51 of an inch; Superior, .18 of an inch and both Fairmont and VIRGIL HARRIS BOUND OVER To Be Held for Present Term District Court. Virgil Harris was bound over to Tuesday to the present term of district court by Municipal Judge Polk who declared that he found reasonable cause to do so and fixed bond at $2,500 at the continuation of the hearing from Friday on a charge of robbing the Fenton Drug store. Attorney Stout stated to the court that he had been advised by Deputy County Attorney Young that he was willing that a copy of the police record go into evidence. Young requested that bond be fixed at $10,000. MRS. ALICE HEMRY DIES Alice F. Hemry, eighty-two, of 2519 D st., died Tuesday in Cleveland, according to a message received by Ray Pauley. The body will be brought to Lincoln for funeral on Friday. Mrs. Hemry,