First National Bank (Neligh, NE)

View Charter #4110 on SPMC View balance sheet

Episode Information

Episode UID
411001186
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
41100 national
Charter Number
4110
Start Date
October 19, 1898
Location
Neligh, Nebraska (42.129, -98.030)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1b419a417ef73765

Response Measures

None

Receivership Details

Depositor recovery rate
70.2%
Date receivership started
1898-11-04
Date receivership terminated
1902-02-10
OCC cause of failure
Fraud
Share of assets assessed as good
37.8%
Share of assets assessed as doubtful
18.8%
Share of assets assessed as worthless
43.5%

Description

Closed by national bank examiner who reported resumption impossible; receiver appointed shortly after.

Events (4)
1. September 2, 1889 Chartered
Source
historical_nic
2. October 19, 1898 Suspension
Cause
Government Action
Cause Details
Closed by U.S. national bank examiner (Whitmore) who reported the condition made resumption impossible.
Newspaper Excerpt
The First National bank of Neligh, Neb., which suspended payment today, is in charge of H. J. Whitmore, national bank examiner.
Source
newspapers
3. November 4, 1898 Receivership
Source
historical_nic
4. November 4, 1898 Receivership
Newspaper Excerpt
The controller has also appointed H. J. Whitemore receiver of the First National Bank of Neligh, Neb., and E. J. Graham receiver of the Delaware National Bank, of Delhi, N. Y.
Source
newspapers

Newspaper Articles (23)
1. October 20, 1898 The Herald Los Angeles, CA
Article from The Herald, October 20, 1898

Click image to open full size in new tab

Article Text

BROKEN BANKS Pittsburg Concern Is Solvent-A Nebraska House Is Not WASHINGTON, Oct. 19.-Bank Exam. iner Young has reported to the comptroller of the currency that in his judgment the German National bank of Pittsburg, which closed its doors yesterday, is solvent. The report states that the failures of A. Grotzinger, the president of the bank, resulted in a run and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do and the suspension followed. The capital of the bank is $250,000 and at the time of the last report, September 30th, the surplus amounted to $253,347; due individual depositors, $1,730,688; due national banks and bankers, $359,123; total resources, $2,637,708. Closed for Good WASHINGTON, Oct. 19.-The Bank Examiner, Whitmore, has telegraphed the Comptroller of the Currency that he has closed the doors of the First National Bank, Neligh, Nebraska. He says the condition of the bank makes resumption impossible. The bank has a capital of $50,000.

2. October 20, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, October 20, 1898

Click image to open full size in new tab

Article Text

WASHINGTON, Oct. 19.-The - First National Bank of Neligh, Neb., which suspended payment today, is in charge of H. J. Whitmore, national bank examiner. It reported Sept. 20, 1898: Capital stock, $50,000; surplus, $3,037; due to depositors, $108,956; borrowed money, $10,000; circulation, $11,250; total resources, $183,243.

3. October 20, 1898 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, October 20, 1898

Click image to open full size in new tab

Article Text

Neligh Bank Closes. NELIGH, Neb., Oct. 19.-(Special Telegram.)-T First National bank of Neligh falled to open its doors this morning, a notice being posted on the door announcing that it was in charge of the United States bank examiner pending an investigation of its affairs. No particulars are as yet obtainable, but it is the impression among business men that the suspension is only temporary and If the bank is in a condition to warrant them in 80 doing, they will come to its assistance with funds sufficient for any emergency. The bank has been regarded as perfectly sound. WASHINGTON Oct. 19.-Bank Examiner Whitmore has telegraphed the comptroller of the currency that he has closed the doors of the First National bank. Neligh, Neb. He says the condition of the bank makes resumption impossible. The bank has a capital of $50,000.

4. October 25, 1898 The River Falls Times River Falls, WI
Article from The River Falls Times, October 25, 1898

Click image to open full size in new tab

Article Text

Otherwise. A severe snow storm prevailed in the West and Southwest last week. Spaniards in Cuba express the hope that the war will be renewed. An English syndicate is after Cincinnati breweries. Yellow fever has broken out at Warren, Ohio. Oregon citizens will present a $1,000 sword to Capt. Clark, of the battleship Oregon. Joseph Koransky, manufacturer of clothing, 231 Mercer street, New York, assigned for the benefit of creditors. The Episcopal council decides against any change in the canons respecting the marriage of divorced persons. The degree of doctor of laws has been conferred upon President McKinley by the University of Chicago. The war investigating committee has transferred its labors to Jacksonville, Fla. The children of Simon Hornsheim of New Orleans will donate $50,000 to the Fisk Free and Public Library, in memory of their father. The Parmenter Manufacturing company, which operated brick yards at Brookfield, Mass., and against which attachments amounting to $70,000 were issued, has assigned. George M. Bowers, United States: fish ommissioner, has presented to Cornell university a collection of nearly 500,000 specimens of fresh and salt: water fish. The annual convention of the Ameri-can Christian Missionary society, the largest organization of the Christian church, began at Chattanooga. About: 2,000 delegates were in attendance. At least 500 delegates are at St. Louis, attending the twenty-fourth annual convention of the Wholesale Druggists' association and the Proprietary association of America, in joint session. The First National Bank. of Neligh, Neb., is in the hands of the bank examiner. The bank had a capital stock of $50,000. No statement has been given out. The lock-out in the window glass trade has been broken by the cutters and flatteners at the Bradford Glass company's works, at Hazelhurst, Pa., returning to work at the scale originally agreed upon. It is stated that the contemplated collar combine in New York city is about consummated. It is intended to embrace most of the collar factories in that city and to control the collar trade of the world. Despite/continued bad weather, the German day exercises attracted many people to the Auditorium building on the Omaha exposition grounds. The parade of German societies was postponed.

5. November 3, 1898 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, November 3, 1898

Click image to open full size in new tab

Article Text

D ing brokers from selling return coupons of tickets sold cheap for the peace jubilee. Miss Anais O'Connor, daughter of 5 the late Representative M. P. O'Connor of South Carolina, was married in New York to Edward Lawrence Pugh, of Washington, son of ex-Senator Pugh of Alabama. The postoffice department has ordered the establishment of a military postoffice station in Cavite, Philippine islands, near Manila. It will be known as military station No. 2 of the San Francisco postoffice. Antonio Velez Alvarado, a native of Porto Rico, who lives in New York, appeared before the register of voters in that city and claimed the right to be registered under the annexation of Porto Rico to the United States. The registers declined to decide the point. A syndicate with $20,000,000 capital has been formed in New York to purchase agricultural estates in Mexico. It is the most extensive business of the kind ever undertaken in that country by foreign capital. The National Association of Traffic Commissioners has started to advocate legislation putting express companies under control of the interstate commerce commission and establishing a parcels post. The First National bank of Neligh, Neb., suspended payment. It reported Sept. 10: Capital stock $50,000; surplus $3,037; due to depositors $108,956; borrowed money $10,000; circulation $11,250; total resources $183,243. Warrants for the arrest of T. C. Loucks, president, and W. S. York, secretary of the Chicago-Virden Coal company, were issued. The charges relate to the recent trouble at the company's mines in which fifteen lives were lost. The will of the late Mrs. Joseph P. Smith, wife of the late secretary of the bureau of American republics, which has been filed in Urbana, Ohio, names President McKinley, Solicitor General J. K. Richards and Edward F. Hutches as executors of the estate. Miss Reubina Walworth died at New York after a five weeks' illness, of typhoid fever. Her mother is Mrs. Ella Hardie Walworth, directress general of the Woman's National War Relief Association. She was a nurse at Camp Montauk and worked SO zealously and self-sacrificingly that she broke down. At Youngstown, O., William H. Branton, a grocer, shot constable John Jenkins and then sent a bullet through the brain of his wife and ended the chapter of homicide by shooting himself through the right temple, falling dead at the feet of his victims. Eight months ago Branton married Miss she Minnie Kennedy. Recently left him, complaining of his ill treatment.

6. November 5, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 5, 1898

Click image to open full size in new tab

Article Text

Receivers for National Banks. WASHINGTON, Nov. 4.-Hon. Charles G. Dawes, the controller of the currency, has appointed John Van Vrankin temporary receiver of the First National Bank of Carthage, N. Y. This action was taken owing to the decision of Judge Lacombe, of New York, that an execution can be levied against the assets of a national bank in the hands of the controller of the currency at any time prior to his formal appointment of a receiver. The controller has also appointed H. J. Whitemore receiver of the First National Bank of Neligh, Neb., and E. J. Graham receiver of the Delaware National Bank, of Delhi, N. Y.

7. December 31, 1898 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, December 31, 1898

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24- Bank of Southern Baltimore, $170,000. Mar. 16-Home savings Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29 Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $103,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28 Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 -Second national, of Toledo, o., goes into voluntary liquidation.

8. January 1, 1899 Marietta Daily Leader Marietta, OH
Article from Marietta Daily Leader, January 1, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

9. January 3, 1899 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, January 3, 1899

Click image to open full size in new tab

Article Text

HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

10. January 6, 1899 The Iola Register Iola, KS
Article from The Iola Register, January 6, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16- Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, la. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III. $150,000. 7-Fillmore county, Preston, Minn., $156,000 Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forgo, Va., liabilities, $50,000. Oct. 4 --Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., Habil German national of Fitts ties $103,000 burgh, Pain liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 -Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., sus pends, 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., clease doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.

11. January 7, 1899 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, January 7, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.

12. January 7, 1899 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 7, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29- l'homas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4 -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.

13. January 7, 1899 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, January 7, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. -National, Paola, Kan., suspended. 1-First national, Larimore, N. D., $71,754. Feb. 24 -Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill. $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nor. 5- First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national. of Toledo, O., goes into voluntary liquidation.

14. January 13, 1899 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, January 13, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

15. January 13, 1899 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, January 13, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 National, Paola, Kan. suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000 Mar 16-Home savings, Sioux City, Ia., $00,000 Benson savings, Waterford, Pa., $40,000. 21-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guaranters' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan, $283,000. 0-Commercial state, Marshalltown, Ia. 2--German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug II-Bank of Waverly, III $150,000. 27- - Fillmore county. Preston, Minn, $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich. $100,000. 15-Jasper. Ala., bank, $65,000. 26- Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswege. N. Y., closed. 19 First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21 - First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29- Second national, of Springfield, O., goes into liquidation. Nov. 5 First national, of Flushing., o., suapends 16 First national, of Emporia, Kan., closed. 28. Bank of Hornersville. N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation.

16. January 13, 1899 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, January 13, 1899

Click image to open full size in new tab

Article Text

HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

17. October 24, 1899 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, October 24, 1899

Click image to open full size in new tab

Article Text

PERSONAL PARAGRAPHS. B. W. Reynolds of Fremont is in town. Lillian Burkhart, the actress, is at the Iler Grand. E. R. Butler came up from Lincoln Sunday on business. Fred Taylor of Sioux City is in town visiting the exposition. F. L. Mathews, a prominent merchant of Fremont, is in the city. Dr. F. L. Frink of Newman Grove is in town on a business trip. John E. Ross, a prominent citizen of St. Joseph, spent Sunday in Omaha. M. C. Clarkson returned to the city Sunday after a business trip to Lincoln. Charles S. Bridge of Norfolk arrived in the city Monday and will remain a few days. Mr. Allen P. Ely and wife have gone to New York and Philadelphia for a thirtydays' visit. Senator M. L. Hayward is at the Millard hotel, he having arrived Monday night from Nebraska City. "Alfreno," the high wire walker who has been at the exposition for some time, left last night for New York City. W. S. Harding, one of the prominent business men of Nebraska City, accompanied by his wife, is at the Millard. F. C. Briggs of Boston is at the Iler Grand. He makes a handsome living from dealing exclusively in Manila beans. Judge William Neville, populist candidate for congress in the big Sixth district, was in Omaha yesterday visiting his brother. M. I. Stewart, one of the proprietors of the University Publishing company of Lincoln, was in the city Monday on a business trip. Dr. W. L. M. Witter, accompanied by his wife and daughter, is in the city visiting Dr. Gid E. Johnson and other friends. Dr. Witter is chief surgeon of the Port Arthur route at Milan, Mo. Judge Whitmore of Lincoln, receiver for the defunct First National bank of Neligh, is in the city consulting the attorney for the receiver. This bank closed its doors a year ago last October, and since he began administration of its affairs Judge Whitmore has paid depositors dividends aggregating 40 per cent, which is the best record made for any defunct bank in the state.

18. November 22, 1899 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 22, 1899

Click image to open full size in new tab

Article Text

Bank Receiver Brings Suit. As receiver of the First National bank of Neligh, H. J. Whitmore brought suit against Chris A. Reimers, one of the stockholders. The petitioner alleges that shortly before the bank closed its doors the defendant connived with Charles B. Allder, president, Itio have the stock owned by the former cancelled and issued to the latter. Now the plaintiff asks the court to set aside the cancellation and transfer and render judgment against the defendant for $13,000, together with interest and costs.

19. November 23, 1899 The Norfolk Weekly News Norfolk, NE
Article from The Norfolk Weekly News, November 23, 1899

Click image to open full size in new tab

Article Text

there are several factories under course of erection along the line of railway represented by him in Colorado. About 30 or 35 of the friends of Mr. and Mrs. Martin Brubaker called at their home last evening in a body and gave them a gengine surprise. The visitors brought along large baskets well filled with things which bring comfort to the inner man, and after an evening enjoyably spent the contents of the baskets were brought out and an elegant supper was served. Reciver H. G. Whitmore of the First National bank of Neliegh has brought suit against C. A. Reimers, one of the stock holders. The petitioner alleges that shortly before the bank closed its doors the defendant connived with Charles B. Allder, president, to have the stock owned by the former cancelled and issued to the latter. Now the plaintiff asks the court to set aside the cancellation and transfer and render judgement against the defendant for $13,000, together with interest and costs.

20. December 14, 1899 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, December 14, 1899

Click image to open full size in new tab

Article Text

NELIGH BANK WRECK CASE. President and Cashier Are on Trial Charged with Abstracting Funds. Judge Munger is hearing the case of the Government against Christian A. Reimers and his son, Edward O. Reimers, respectively president and assistant cashier of the First National bank of Neligh, now defunct, who are charged with having extracted some $13,000 from the funds of the bank, and with having issued certificates of indebtedness to about the sum of $6,000 with which to pay indebtedness. Horace J. Whitmore, receiver for the bank, is the prosecuting witness representing the government. The entire day was consumed in the presentation of the opening statements and the examination of one witness, William Spencer, who was bookkeeper for the bank, who explained the large amount of documentary evidence offered. The defendants were indicted jointly with Charles R. Adler, who fled to Mexico and escaped arrest.

21. November 20, 1900 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 20, 1900

Click image to open full size in new tab

Article Text

NOTE IS PAID BY OTHER NOTES. Mellck Claims That Bank Has Good Collateral for His Debt. The failure of the First National bank of Neligh, Neb., is responsible for the first jury case to be tried at the November term of the United States court. In November, 1898, Howard J. Whitmore was appointed receiver of the bank, and soon thereafter instituted suit against J. J. Melick for the sum of $2,000, alleging in his petition that in the year 1894 Melick had given a note to the bank for $2,000. which remained there for one year, when it was taken up and another note for like amount deposited in its place; that this second note was turned over to Melick without consideration by the officers of the bank. In answer the defendant alleges that the first note was given without corsideration and that the second note was paid by two other notes, which were not due at the time the suit was insti-tuted. The cases of Westervelt, receiver, against George A. Mohrenstecher and T. J. Easley and others against the Union Pacific were dismissed for want of prosecution and the jury was called in the Neligh bank case.

22. November 29, 1900 Valentine Democrat Valentine, NE
Article from Valentine Democrat, November 29, 1900

Click image to open full size in new tab

Article Text

Omaha, Neb.-(Special)-The first jury case in the term of federal court is that of Receiver Whitmore of the First National bank of Neligh against J. J. Melick, one of the former stockholders, to recover on a note for $2,000 given for stock. The evidence discloses a systematic wildcat banking in which the former cashier, C. R. Alder, figures at great disadvantage. It will be remembered that Alder skipped to Mexico, where he now is, the authorities being unable to bring him back, owing to a defect in the extradition treaty as to such cases as his. President Reimers and his son were tried last spring, and found guilty, but the sentence has not gone into effect, owing to delayed proceedings looking to a new trial. The evidence introduced in this case shows that Alder introduced several of his relatives to sign notes for various amounts The makers swear that it was expressly understood at the time that on Alder's representations that they were never to be paid, but were given without any consideration, at Alder's solicitation, sometimes without excuse, and in other cases to enable him to take up Melick's stock, and get him out of the bank, and to turn the na. tional bank into a state institution.

23. March 10, 1901 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, March 10, 1901

Click image to open full size in new tab

Article Text

# STRIPES FOR BANK WRECKERS C. A. and E. O. Reimers, Father and Son, Are Sentenced. # MUST DO FIVE YEARS OF HARD LABOR Judge Munger of the Federal Court Passes Judgment Upon the Erstwhile Financiers of Neligh-Story of the Wreck. C. A. Reimers, president of the defunct First National bank of Neligh, Neb., and his son, Edward O. Reimers, assistant cashier, were each sentenced to five years in the Sioux Falls penitentiary by Judge Munger Saturday afternoon for wrecking the institution of which they were officers. In compliance with the request of their attorneys, the judge suspended sentence for ten days to allow time for the filing of an appeal bond. This case was tried in the federal court in December, 1899, and the defendants were found guilty. A motion was made for a new trial, which the judge took under advisement until Saturday, when he overruled it and pronounced sentence. The Reimers and Charles R. Allder, cashier, were indicted in October, 1898. Allder was never placed on trial, he being a fugitive from justice somewhere in Mexico. Story of the Wreck. The charge against the officers of the Neligh bank was falsifying the records, violating the banking laws of the United States and making false reports to the comptroller of the treasury. It is alleged that originally Allder purchased the bank from the Reimers and that in doing so he used the assets and collateral in making his payments and that they knew this. Charges of forgery were also made and it is understood that forged notes were discounted and rediscounted with other banks for the purpose of taking up personal obligations. When the receiver, H. J. Whitmore, took charge of the affairs of the bank he found a shortage of between $30,000 and $40,000 and liabilities of $110,000. Since then he has paid 40 per cent in dividends and some $10,000 on taxes and bills.