First National Bank (Ponca, NE)

Episode Information

Episode UID
362701120
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
36270 national
Charter Number
3627
Start Date
April 27, 1893
Location
Ponca, Nebraska (42.564, -96.711)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
902de4e35aa8f5c9

Response Measures

None

Receivership Details

Depositor recovery rate
22.4%
Date receivership started
1893-05-13
Date receivership terminated
1899-09-05
OCC cause of failure
Losses
Share of assets assessed as good
13.7%
Share of assets assessed as doubtful
58.2%
Share of assets assessed as worthless
28.0%

Description

Suspension followed quickly by appointment of a receiver; cause tied to Sioux City correspondent failure.

Events (4)

1. January 28, 1887 Chartered
Source
historical_nic
2. April 27, 1893 Suspension
Cause
Correspondent
Cause Details
Failure of the Union Loan and Trust Company of Sioux City led correspondent/local banks to call in funds, leaving Ponca without liquidity.
Newspaper Excerpt
The First National bank of Ponca has been forced to close its doors. The suspension is due to the failure of the Union Loan and Trust company of Sioux City.
Source
newspapers
3. May 13, 1893 Receivership
Source
historical_nic
4. May 13, 1893 Receivership
Newspaper Excerpt
The Controller has appointed Albert Watkins as receiver of the Ponca National Bank of Nebraska.
Source
newspapers

Newspaper Articles (22)

Article from Grand Rapids Herald, April 28, 1893

Click image to open full size in new tab

Article Text

OUX CITY FAILURE It Compels n Ponca. Nebraska Bank to Close Its Doors. PONCA. Neb., April 27.-The financial flurry at Sioux City has had its effect at this place, and the First National bank of Ponca has been forced to close its doors. The suspension is due to the failure of the Union Loan and 1 rust company of Sioux City. Ex Congress man George W. E. Dorsey is president of the bank and F. M. Dorsey is cashier. The bank is capitalized for $50 000. and had an undivided profit of $1.101. The surplus was $4,000. The bank's eastern correspondent was the Chemical National of New York, and its western correspondent was the Iowa State bank of Sioux City. When the flurry struck Sioux City the bank of that place began cailing in its funds in order to strengthen itself against a run. It was a heavy creditor of the Ponca in stitution and the result was that when the draft was honored by the local bank it found itself without funds to continue business.


Article from The Helena Independent, April 28, 1893

Click image to open full size in new tab

Article Text

OTHERS TUMBLING DOWN. Far-Reaching Effect of the Disastrous Failures at Sioux City. SIOUX CITY, April 27.-The - Boston Investment company this morning, on a judgment obtained last December for $58,544, levied on the charter, franchises and all other property of the Pacific Short Line Bridge company and its successor, the Missouri River Bridge company. It is understood this action is merely precautionary in view of the recent failure here. Ed Haakenson, president and treasurer of the failed Sioux City Dressed Besf company, and president of the Washington Park Street Railway company. made an assignment to-day. Assets and liabilities are yet unknown. PONCA, Neb., April 27.-The First National bank did, not open its doors this morning. All the information that could be obtained in regard to the failure is contained in the following notice. posted on the bank door: "Owing to recent failures in Sioux City and elsewhere, and being called on for money due. we are compelled to close temporarily. Depositors will be paid as soon as matters can be adjusted." Business men believe the depositors will be paid in full. NASHUA. N. H., April 27.-A number of citizens of Nashua are affected by the closing of the doors of the Union Loan and Trust Co., of Sioux City. It is said $200,000 of the company's stock is held here. The belief here is that the suspension is temporary and that no loss will result.


Article from The Morning Call, April 28, 1893

Click image to open full size in new tab

Article Text

LACKED READY MONEY. Failure of Two Eastern BankingHouses. Additional Complications Arising From the Sioux City Assignments. Short in His Accounts. Special to THE MORNING CALL. LANSING, Mich., April 27.-The Ingham County Savings Bank closed this morning, and is in the hands of the Commissioners of Banking. The closing of the bank was due to the inability of the officers to realize on some securities. The directors attribute the present difficulty to the unsatisfactory condition of the money market. The Bank Commissioner says the closing was without his advice. He would have advised against it. All the bank-directors of the city are in conference. The situation is extremely critical. PONCA, Neb., April 27.-The First National Bank did not open its doors this morning. All the information that could be obtained in regard to the failure was contained in the following notice posted on the bank door: "Owing to the recent failures in Sioux City and elsewhere, and being called on for money due we are compelled to close temporarily. Depositors will be paid as soon as matters can be adjusted." Business men believe the depositors will be paid in full. PHILADELPHIA, April 27.-The liabilities of Clark & Keene, the violin manufacturers, who assigned yesterday, will amount to about $100,000, exclusive of the amount due Charles J. Webb, to whom they confessed judgment for $80,403. The assets consist of a plant valued at $150,000, and a large quantity of manufactured goods. SIOUX CITY, April 27.-The Boston Investment Company this morning, on a judgment obtained last December for $58,544, levied on thecharter and franchises and all the other property of the Pacific Short Line Bridge Company and its successor, the Missouri River Bridge Company. It is understood this action is merely precautionary, in view of the recent failures here. Ed Haskinson, president and treasurer of the failed Sioux City Dressed Beef Company and president of the Park-street Railway Company, made individual assignments to-day. The assets and liabilities are yet unknown. Nashua, N. H., April 27.-A number of the citizens of Nashua are affected by the closing of the doors of the Union Loan and Trust Company at Sioux City. It is said $200,000 of the company's stock is held here. The belief here is that the suspension is temporary and no losses will result. NDIANAPOLIS, April 27.-Charles R. Haseley, secretary of the South Side Building Association, is short $20,000 in his accounts and a fugitive in South America. The association made an assignment this afternoon.


Article from The Seattle Post-Intelligencer, April 28, 1893

Click image to open full size in new tab

Article Text

THE SIOUX CITY FAILURES. They Brought a String of SuspensionsOther Business Troubles. PONCA. Net., April 27.-The First National bank did not open its doors this morning. All the information that could be obtained in regard to the failure is contained in the following notice posted on the bank door: Owing to recent failures in Sioux City and there and being called on for money due, weate compelled to close temporarily. Deposbe paid as soon as matters can be ad. justed Business men believe that depositors will be paid in full. Storx CITY, Is., April 27.-Ed Haakinon. president and treasurer of the failed Sionx City Dressed Beef Company, and president of the Washington Park Street Railway Company, made an individual assignment today. His assets and liabilities are yet unknown. NASHUA, N. H., April 27.-A number of citizens of Nashua are affected by the closing of the Union Loan and Trust Company. of Sioux City, It is said that $200,to of the company's stock is held here. The belief here is that the suspension is and that no loss will result. BOSTON, April 27 .-The Sioux City Inmement Company this morning, on a judgment obtained last December for $58.is levied on the charter franchises and all other Bridge property of the Pacific Short Line and the River It IS Missouri Company Bridge its Company. successor, understoad that this action is merely precautionary. in view of the recent failures here LANGING. Mich. April 27.-The Ingham County Savings bank closed this morning, and is in the bands of a commissioner of banking Little is known of the cause, the bank officers The failare said to are is have been are reticent. caused by the failof the Peninsular of to an to furnish tros. keep agreement Savings bank, De- the Ingham County bank enough currency to the do business closing The was bank without commissionersays his advice. Rewould have advised against it. All'the bank directors in the city are in confersace The situation is extremely critical.


Article from St. Paul Daily Globe, April 28, 1893

Click image to open full size in new tab

Article Text

IN FINANCIAL STRAITS. One More Sioux City Assignment -A Bank's Doors Closed. SIOUX CITY, April 27. - Edward Haakison. president and treasurer ot the failed Sioux City Dressed Beef and Canning company, and president of the Washington Park Street Railway company, made an individual assignment to E. B. Spaulding today. Assets and liabilities not obtainable at present. The Boston Investment company this forenoon, on a judgment obtained Dec. 15, 1892, for $58,544, levied on the charter, franchises and all other property of the Pacific Short Line Bridge company and its successor, the Missouri River Bridge company. The precautionary measure was taken by the investment company because of the recent failures here. PONCA, Neb., April 27. -- The financial flurry at Sioux City has had its effect at this place, and the First National Bank of Ponca has been forced to close its doors. The suspension is due to the failure of the Union Loan and Trust Company of Sioux City. When the flurry struck Sioux City, the banks of that place began calling in their funds in order to strengthen themselves against the run. It was a heavy creditor of the Ponca institution, and the result was when their draft was honored by the local bank it found itself without money to do business. POTTSVILLE, Pa., April 27.- The shoe manufacturing firm of Shoener & Co., at Orwighsburg, has failed, oxecutions having been executed for a sum exceeding in the aggregate $30,000. Ex-State Senator Shoener is the head of the firm. LANSING, Mich., April 27.-The Ingham County Savnigs bank closed its doors this morning. It is the back on which the run began April 19. At that time Bank Commissioner Sherwood made a speech which calmed the excitement for the time. The closing of the bank is due to its inability to realize on securities. The directors met last night and decided it would be best to close the bank for a time. They attribute the bank's difficulties to the unsatisfactory condition of the money market as much as to the Barnes failure.


Article from Rock Island Daily Argus, April 29, 1893

Click image to open full size in new tab

Article Text

ABBREVIATED TELEGRAMS. In getting into a hack at New York President Cleveland cut his head and had to go back into the hotel and have the cut plastered before he could proceed to the review festivities. Mrs. Cleveland was not taken ill on the Dolphin. The exercises were behind time and she had to leave before they were over, in order to catch her train to Washington. Baby Ruth was at Washington. A panic occurred in the Methodist church at Fairview, Pa., and in the crush eight persons were severely bruised, none fatally. Four women were severely hurt, three having broken limbs, at a corner stone laying at Cincinnati. The first Virginia woman to apply for and receive a medical certificate authorizing her to practice her profession is a colored woman, Sarah S. Jones. John Manners, a diminutive tramp of e years, has passed through Denison, Tex., en route to the city of Mexico. He claims to hail from Portland, Ore., plays poker, drinks whisky, swears and is good with a gun. Obituary: At New York, Banker Isaac Ickelheimer, aged 58. At Batavia, Ills., Dr. R. J. Patterson, aged 76. At Wabash, Ind., Charles Heston, aged 95. At Oshkosh, Wis., George M. Williamson, aged 63. At Saginaw, Mich., Rev. C. L. Eberhardt, aged 62. At Beaver Dam, Wis., exMayor E. Elwell, aged 77. Til Julian, a yardmaster, fell from a coal car at Washington, Ind., and was killed. Mgr. Satolli's power in the Roman Catholic church in America seems to be absolute. The papal legate, in a deposition in the Tracy-Leahy case at Swedesboro, N. J., testified that he was sent to the United States by the pope as his sole representa. tive in the church, with jurisdiction over Roman Catholic authorities in America; that his authority was supreme; that his decisions or affirmances of decisions of the bishops of the country were final, and that there was no appeal from his sentence. White Republicans representing ten of the twenty-two wards of Baltimore have issued an :address to the Republicans of Maryland asking that the whites and negroes be divided into separate clubs. The escaped Singmarderers, Thomas Pallister and Fran Rohle, are believed to be in hiding in the fastnesses of Mount Washington, near Great Barrington, Mass., where men could hide for months if well provisioned. The First National bank, of Ponca, Neb., has closed its doors because of losses by the failures at Sioux City. Rev. W. T. Hogg, president of Greenville (III.) college, has been selected bishop of the Free Methodist church of North America. Alonzo K. Florida, one of the best-known real estate men in the west, has commited suicide with poison at St. Louis. Financial trouble was the cause. The Trans-Mississippi congress, in session at Ogden, unanimously passed a resolution favoring the free coinage of silver. H. C. Frehheimer & Co., wholesale liquor dealers of Detroit, Mich., have made an assignment.


Article from The Madison Daily Leader, April 29, 1893

Click image to open full size in new tab

Article Text

Nebraska Bank Failure. PONCA, Neb.. April 29.- 1 The financial flurry at Sioux City has had its effect at this place and the First National Bank of Ponca has been forced to close its doors. The suspension is due to the failure of the Union Loan and Trust company of Sioux City. Ex-Congressman Greer W. Dorsey is president of tho bank..


Article from Echo De L'ouest, May 11, 1893

Click image to open full size in new tab

Article Text

Faillittes. Les faillites sont à l'ordre du jour aux Etats-Unis, le pays de co cagne de nos annexionnistes. Sont en déconfiture, la Pennsyvvanie Steel Company, capital $10,000,000; la "YAtes and Lewis Co," de Rochester M. H. H. Warner. A cette liste il faut ajouter la faillite de la First National Band, de Ponca, Nebraska. Celle de Ferris et Kimball, de W. L. Patton et Cie, de F. M. Lockwood et Cie ces trois dernières à New-York. La première à été annoncée à la Bourse de New York à midi 45 la deuxième à une heure 45 et la troisième à une heure 55. La "Chimical National Bank" de Chicago a suspendu ses paiements. Passif 900,000 dollars. La Banque Victoria de Melbournes a suspenda ses paiements. Le montant de depôte dans cette banque eat de plus de 35,000,000 de dollare.


Article from Evening Star, May 16, 1893

Click image to open full size in new tab

Article Text

Bank Receivers Appointed. The controller of the currency has appointed David Armat to be receiver of the First National Bank of Little Rock, Ark. Mr. Armat settled up the affairs of the Fidelity Bank of Cincinnati. Mr. Eckels also named Albert Watkins as receiver of the Ponca National Bank of Nebraska.


Article from The Indianapolis Journal, May 18, 1893

Click image to open full size in new tab

Article Text

Business Embarrassinents BALTIMORE, May 17.-The Baltimore Forwarding and Railroad Company made an assignment to Winfield J. Taylor this afternoon. Differences among those interested in the management of the road 18 said to have been the real cause of the trouble. The company was incorporated by the Legislature of 1892 for the purpose of reconstructing and operating the Baltimore & Lehigh railroad, which extends from Baltimore to York, Pa. Its interests are concentrated, and the assignment does not affect any other road or busine. a here. WASHINGTON, May 17.-Controller Eckles has been informed of the failure of the First National Bank of Cedar Fails, la. Bank Examiner John McHugh has been orGered to take charge of the bank. The Controller bas appointed Albert Watkins, of Lincoln, Neb., receiver of the First National Bank of Ponca. Neb. He also appointed David Armstrong. of Little Rock, Ark., receiver of the First National Bank of Little Rock, vice Logan H. Root, resigned. NEW YORK, May 17.-The following un. official statement of the status of the National Cordage Company was circulated on the street to-day: The figures of assets and liabilities of the National Cordage Combany will show assets in excess of liabil-


Article from The Goodland Republic, May 19, 1893

Click image to open full size in new tab

Article Text

Looking After Bursted Banks. WASHINGTON, May 17.-Comptroller Eckles was Tuesday informed of the failure of the First National bank of Cedar Falls, Ia. The capital of the bank was $50,000. Bank Examiner John McHugh has been ordered to take charge of the bank. The comptroller has appointed Albert Watkins of Lincoln, Neb., receiver of the First National bank of Ponca, Neb.


Article from Union County Courier, May 26, 1893

Click image to open full size in new tab

Article Text

Excitement runs high at Ponca over the failure of the First National bask. The Ponca Journal of last steck has the following: The wreck has created the utmost consternation and excitement. There are some who had deposited their every cent they had in the world, and the cold blooded infaniv and cruelty in not giving some hiut to them, so they night draw it out before the crash came, is a feature which excites an indiguation, which is hard, and every day grows harder, to supprees. But such feelings must be kept under the rule of reason, and reckless acts, born of avaidad. We are informed that one man tried to hoot Mr. Dorsey ou Tuesday evening. The man had sold his house and the proceeds he put in the bank for safe keeping. It was all he had, and the thought of himself destitute and his family without a home maddened him beyond reason.


Article from The Times, June 4, 1893

Click image to open full size in new tab

Article Text

PRICE THREE CENTS ed, have taken fright at the Plankinton Bank failure, and have disregarded the causes of that failure, which the business men represent to be only the careless and foolhardy speculations of one man. The Commercial and the Second Ward Banks were crowded to-day with depositors in the savings departments, who are giving notice in order that at the end of the thirty or sixty days, which ever it is, according to the law in their case, they will withdraw their savings. The officials of both institutions, however, feel no alarm. Defunct Bank Cashier Imprisoned. OMAHA, NEB., June 3.-Cashier Ezra D. Higgins, of the defunct First National Bank, of Ponca, Neb., was imprisoned here yesterday on the indictment charging him with complicity in the wreckage of the bank. The president, Dorsey, has not yet been arrested. Other Failures. GLADSTONE, MICH., June 3.-The Exchange Bank last night made an assignment for the benefit of its creditors, and has closed its doors. The suspension was caused by the failure of the Plankinton Bank, of Milwaukee, and the outcome depends entirely on the latter institution. No statement of the bank's condition has yet been made.


Article from The Wichita Daily Eagle, January 16, 1895

Click image to open full size in new tab

Article Text

OUTCALT IS IN FOR IT. Indicted for Assisting President Mosher to Wreck a Bank. Omaha, Jan. 15.-As a sequal to the wrecking of the Capital National bank at Lincoln last year, through which over a million dollars was stolen and President Mosher sent to the penitentiary for five years, the federal grand jury today returned an indictment against R. C. Outcalt, a prominent Lincoln citizen for aiding Mosher's wrecking plan. Outcalt was cashier of the Capital National bank. The indictment was found after taking testimony of Receiver Hayden, Bank Exminer Lings and directors, depositors and employes of the bank for four weeks or so. The theory of depositors has been that not Mosher alone was culpable. They have always believed that Outcalt at least should be brought up to determine whether he should not have opposed Mosher's schemes to plunder the vaults. Outcalt and his friends appear to have been recently aware that the case was under investigation and Outcalt made several trips to this city prior to the holidays, as did also some of his relatives. After the holiday recess Judge Dundy called the grand jury before him and told them that he had heard that some person, proved to be an outsider, had been blackmaling parties in a certain case and pretending to be able to control the grand jury and keep it from indicting if he were paid $4,000. The court wanted this person xposed and punished if there was any law to reach him. This story is alleged to have come from those trying to bleed Outcalt. For being mixed up in the failure of the Ponca National bank, ex-Congressman George W. E. Dorsey and brother were indicted. The grand jury has also voted indictments against Mosher anew It is said several persons of prominence in Nebraska connected with recent bank failures have also been indicted.


Article from The Anaconda Standard, January 16, 1895

Click image to open full size in new tab

Article Text

FERRETING our THE FRAUDS. Nebraska Bank Wreckers Finding It Hot Enough For Them. OMAHA, Jan. 15.-As a consequence of the wrecking of the Capital National bank at Lincoln last year, through which over a million dollars was stolen and President Mosher sent to the penitentiary for 15 years, the federal grand jury to-day returned an indictment against R. G. Oùtcalt, a prominent Lincoln citizen, for aiding Mosher's wrecking plan. Outcalt was cashier of the Capital National bank. The indictment was found after taking the testimony of Receiver Hayden, Bank Examiner Lyons and the directors and depositors and employes of the bank. For being mixed up in the failure of the Ponca National bank. ex-Congressman Dorsey and his brother were indicted. The grand jury has also voted indictments against Mosher anew. It is said several persons of prominence in Nebraska, connected with the recent bank failures, have also been indicted.


Article from The Anaconda Standard, January 16, 1895

Click image to open full size in new tab

Article Text

FERRETING our THE FRAUDS. Nebraska Bank Wreckers Finding It Hot Enough For Them. OMAHA, Jan. 15.-As a consequence of the wrecking of the Capital National bank at Lincoln last year, through which over a million dollars was stolen and President Mosher sent to the penitentiary for 15 years, the federal grand jury to-day returned an indictment against R. G. Outcalt, a prominent Lincoln citizen, for aiding Mosher's wrecking plan. Outcalt was cashier of the Capital National bank. The indictment was found after taking the testimony of Receiver Hayden, Bank Examiner Lyons and the directors and depositors and employes of the bank. For being mixed up in the failure of the Ponca National bank, ex-Congressman Dorsey and his brother were indicted. The grand jury has also voted indictments against Mosher anew. It is said several persons of prominence in Nebraska, connected with the recent bank failures, have also been indicted.


Article from The Salt Lake Herald, January 16, 1895

Click image to open full size in new tab

Article Text

BANK WRECKERS. Prominent People of Lincoln, Neb., Are Indicted. Omaha, Jan. 15.-As a consequence of the wrecking of the Capital National bank at Lincoln last year, through which over a million dollars was stolen and President Mosher sent to the penitentiary for five years, the federal grand jury today returned an indictment against R. C Outcalt, a preminent Lincoln citizen, fot aiding Mosher's wrecking plan. Outcalt was cashier of the Capital National bank. The indictment was found after taking the testimony of Receiver Hayden, Bank Examiner Lyngs and directors, depositors and employees of the bank for four weeks or SO. The theory of depositors had been that not Mosher alone has been culpable. They have believed that Outcalt at least should be brought up to determine whether he should not have opposed Mosher's schemes to plunder the vaults. Outcalt and his friends appear to have been recently aware that the case was under investigation and Outcalt made several trips to this city prior to the holidays, as did also some of his relatives. After the holiday recess Judge Dundy called the grand jury before him and' told it he had heard that some person, supposed to be an outsider, had been blackmailing parties in a certain case, and pretending to be able to control the grand jury and keep it from indicting if he were paid $4,000. The court wanted this person exposed and punished if there was any law to reach him. This story is alleged to have come from those trying to bleed Outcalt. For being mixed up in the failure of the Ponca National bank, ex-Congressman George W. E. Dorsey and brother were indicted. The grand jury has also voted indictments against Mosher anew. It is said several persons of prominence in Nebraska connected with the recent bank failure have also been indicted.


Article from The Morning Call, January 16, 1895

Click image to open full size in new tab

Article Text

MAY JOIN THE PRESIDENT. Outcalt, the Cashier of a Wrecked Bank, Indicted. Blackmail Now Appears to Figure in the Collapse of the Capital National Savings Concern. OMAHA, Jan. 15.-As a consequence of the wrecking of the Capital National Bank, at Lincoln last year, through which over $1,000,000 was stolen and President Mosher sent to the penitentiary for five years, the Federal Grand Jury to-day returned an indictment against R. C. Outcalt, a prominent Lincoln citizen, for aiding Mosher's wrecking plan. Outcalt was cashier of the Capital National Bank. The indictment was found after taking the testimony of Receiver Hayden, Bank Examiner Lyngs and the directors, depositors and employes of the bank for four weeks or so. The theory of the depositors had been that not Mosher alone has been culpable. They have believed that Outcalt, at least, should be brought up to determine whether he should not have opposed Mosher's scheme to plunder the vaults. Outcalt and his friends appear to have been recently aware that the case was under investigation, and Outcalt made several trips to this city prior to the holidays, as did also some of his relatives. After the holiday recess Judge Dundy called the Grand Jury before him and told it he had heard that some person, supposed to be an outsider, had been blackmailing parties in a certain case and pretending to be able to control the Grand Jury and keep it from indictment if he were paid $4000. The court wanted this person exposed and punished, if there was any law to reach him. This story is alleged to have come from those trying to bleed Outcalt. For being mixed up in the failure of the Ponca National Bank ex-Congressman George W. E. Dorsey and his brother were indicted. The Grand Jury has also voted indictments against Mosher anew. It is said several persons of prominence in Nebraska connected with recent bank failures have also been indicted.


Article from The Red Cloud Chief, October 25, 1895

Click image to open full size in new tab

Article Text

# G. W. E. DORSEY'S TRIAL ON The Ponca Bank Swindle Being Aired in Court. LINCOLN, Oct. 22.-Ex Congressman G. W. E. Dorsey of Fremont appeared as prisoner in federal court yesterday to answer to the charge of aiding and abetting Frank M. Dorsey and Ezra D. Higgins in wrecking the First National bank of Ponca in 1823. The case-has been a long time coming to trial, owing to the exceeding activity of the attorneys for the defense, who got the indictments quashed once and tried to again. The case was called before Judge Dundy in the grand jury rooin shortly after 2 o'cloci: yesterday afternoon. Nearly an hour was spent getting a jury. Furing the chaleng-ing an interesting question came up. If the offense charged was a felony, ten challenges were allowed the defendant and three the plaintiff. The penalty which may be inflicted is not more toan $5,000 fine or five years in the penitentiary. Counsel for the defense claimed that this made it an infamous crime and a common law felony. The United States statutes nowhere detine a felony. The reading of the indictment and the opening statements of District Attorney Sawyer and Attorney Gray of Fremont took until 4:30. In the course of the latter's remarks he sprung an obection to the indictment which, for a moment seemed liable to prove fatal. He alleged that in thirteen counts the words "contrary to the statutes and against the peace of the United States" were omitted. Judge Duady began to get interested and both sides bad some thing to say immediately. Mr. Sawyer showed that each count concluded properly, though the above clause was not stated in the frst part of the count where the offense was charged against the principals. So the judge ruled that the indictment was all right Esidence was taken for about hali an hour. most of it documentary in regard to the organi ation of the bank. etc. Receiver Watkins then gave part of his testimony.


Article from Omaha Daily Bee, October 24, 1897

Click image to open full size in new tab

Article Text

# CASE AGAINST CASHIER DORSEY. Assistant Receiver of the Bank on the Stand All Day. LINCOLN, Oct. 23.-(Special Telegram.)- In the Dorsey case considerable testimony was handled today, but the state has not rested its case yet. W. E. Barkley, assistant receiver of the Ponca bank, was on the stand nearly all day engaged in looking over the books of the bank and tracing the notes and showing what ones were on hand December 9, 1892, and March 6, 1893, two dates upon which Cashier Dorsey is said to have sent to the comptroller of the currency false reports as to the financial status of the bank. The notes which Mr. Barkley said were on hand but not reported were signed by the different directors, either as principals or sureties. The government avers that the notes aggregated something like $35,000 or $40,000, while the comptroller received a report that the directors' liabilities amounted to only $10,000. Yesterday evening Mr. Barkley was also on the stand for the purpose of showing that the rediscounts reported to the comptroller did not agree with the amount of the same reported on the books of the bank. No evening session was held tonight. The case will be taken up again Monday afternoon.


Article from Phillipsburg Herald, January 26, 1899

Click image to open full size in new tab

Article Text

At a joint conference at Kansas City, Mo., of the live stock sanitary boards of Missouri and Kansas it was agreed that each state board would honor permits issued by the other in the movement of southern or infected cattle: that the quarantine regulations to be formulated by the secretaries are to be as near uniform as the conditions will warrant, and that the two boards co-operate for the protection of the cattle industry in each state. FRANK M. DORSEY, formerly cashier of the failed First national bank of Ponca, Neb., was found guilty in the federal court on the 19th on 13 counts charging him with making false reports to the comptroller. At St. Louis Katy Clancy shot and wounded John McCaffery, a street car conductor, and then swallowed the contents of a bottle of bichloride of mercury. It was thought both would die. Two persons were killed and several injured by the bursting of a fly wheel in Lorillard's tobacco factory at Jersey City, N. J. CHARLES WATSON, a bartender, was shot and instantly killed about 1:30 a. m. on the 19th at Kansas City, Mo., by Jack Haines, a ticket broker of Topeka, Kan., while Watson was on duty at his place of employment. Haines went to sleep in the saloon and when he woke up he declared he had been robbed. In the dispute over the alleged robbery the tragedy was enacted. JAMES BOOKER, a negro, was hanged at Raleigh, N. C., on the 18th for the murder of his sweetheart. MR. TISDEL and his wife awoke and found their house at Cleveland, O., on fire and their escape by the stairs cut off. They managed to get on to the scaffolding of a new house next door, when it gave way and Mrs. Tisdel was killed and her husband probably fatally injured. OVER 30 church and school furniture factories have formed a trust. WILLIAM A. STONE was inaugurated governor of Pennsylvania at Harrisburg on the 17th. The inaugural procession was one of the most imposing ever seen in the capital. MICHAEL RULINSKI, known as the "Polish dude," who strangled his wife to death and then set fire to the body and house to cover the crime, committed suicide the other night by strangling himself with a bed cord taken from his bed in the county jail at Pittsburgh, Pa. BURGLARS entered the office of the county treasurer of Adams county, Ia., and got away with $300 in cash. OMAHA, Neb., was said to be suffering from the grip. WILLIAM Y. MORGAN, of Hutchinson, was elected state printer by the Kansas legislature. THE Western retail Implement Dealers' association commenced its tenth annual sesion at Kansas City, Mo., on the 18th. BURGLARS entered the office of the county treasurer of Adams county, Ia., and got away with $300 in cash. THE costly steel bridge crossing Kingsbury run and the tracks of the Nickel Plate railroad at Cleveland, O., was wrecked on the 18th by a flood caused by the bursting of an ice dam. THE Bank of Spain at Madrid has issued a statement to the effect that new coupon sheets with coupons maturing between April 1, 1899, and January 1, 1909, will be issued shortly to the holders of Cuban bonds of 1890. This is equivalent to an admission on the part of the Spanish government that it will assume responsibility for the Cuban debt. It is regarded as certain, however, that the interest will be scaled down 50 per cent.


Article from Omaha Daily Bee, February 18, 1899

Click image to open full size in new tab

Article Text

Ponca Bank Judgments Assigned. The Ponca National bank has filed assignments in the United States circuit court of a number of judgments which have been secured at various times and which form the bulk of the available assets of the bank. This is presumed to be preliminary to the final winding up of the affairs of the institution.