American Savings Bank (Omaha, NE)

Episode Information

Episode UID
4218632691122
Episode Type
Run → Suspension → Closure
Bank Type
savings
Bank ID
421863269 hash
Start Date
June 13, 1893
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8b7219e792dc1980

Response Measures

None

Description

Suspension followed a June run and the bank entered voluntary liquidation; receiver later administered dividends.

Events (4)
1. June 13, 1893 Run
Cause
Local Banks
Cause Details
Run precipitated by failure of McCague Savings Bank and downfall of American National, causing runs on local savings banks.
Measures
Took advantage of clause allowing sixty days' notice on deposits (invoked 60-day rule).
Newspaper Excerpt
A run of extensive proportions began on the Omaha Savings Bank at the opening this morning and all the morning the bank was besieged by depositors.
Source
newspapers
2. July 5, 1893 Other
Newspaper Excerpt
The American Savings Bank has gone into voluntary liquidation and has asked the State Banking Board to wind up its affairs.
Source
newspapers
3. July 6, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Involved in embarrassment of the American Loan and Trust Company and Omaha & South Texas Land Co.; principal stockholder's failure led to suspension.
Newspaper Excerpt
The American Savings bank has suspended Thursday morning with deposits of $153,000 and assets of $259,000.
Source
newspapers
4. February 24, 1894 Receivership
Newspaper Excerpt
Receiver Thomas of the American Savings bank says he expects about March 10 to declare a dividend to depositors of about 33 1-3 per cent.
Source
newspapers

Newspaper Articles (24)
1. June 13, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, June 13, 1893

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Run on Omabia Banks. OMAHA, Neb., June 13.-The American National bank closed this morning by order of the comptroller of currency. Runs are now in progress on the Globe Loan and Trust company, the Dime Savings bank and Nebraska Savings bank. No statement of the American bank is yet made, but the clearing house has reused to assist it. It is understood that its affairs are entangeled with those of the McCague Savings bank which closed yesterday afternoon. ad omaha bank runs A run of extensive proportions began on the Omaha Savings Bank at the opening this morning and all the morning the bank was besieged by depositore. Senator Manderson, and Vice-President Kimball of the Union Pacific, directors of the bank, made speeches to the crowd, guaranteeing them their money, but the run was continued. The bank examiner is in charge of the A merican National. The clearing house at a meeting last night decided to give it no help and the decision of the comptroller to close it followed. The statement May 4th showed capital stock, $200,000; loans and discounts, $531,690 surplus, $16,000; undivided profits, $5,161; due depositors, $577,526. The American Savings bank and Dime Savings bank took advantage of the clause allowing sixty days on deposits. The run on the Omaha Savings

2. June 14, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 14, 1893

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Article Text

MILD PANIC AT OMAHA. Suspension of a Savings Bank Leads to the Failure of the American National. OMAHA, Neb., June 18.-Omaba passed through a mild financial panic, to-day, as the result of the failure of the McCague Savings Bank, last evening. The news of the suspension of the savings bank, last night, was ground for the belief that any run this morning would be made upon the American National Bank, as that and the McCague Savings Bank were closely connected. To meet this emergency a request was made by the American Na. tional upon the Clearing House Association for funds to meet demands. The Clearing House Association was in session until 11 o'clock this morning. It was found that $160,000 would be needed. and the association decided not to advance this amount, as it was feared the securities of the bank could not be realized upon promptly enough to relieve the bank's wants. Accordingly President John L. McCague decided not to open the doors of the bank this morning. This morning depositors, alarmed by reports, began a run on the savings banks of the city, the other national banks not being affected. The heaviest run was on the Omaha Savings Bank, acknowledged to be the soundest concern in the city, where all depositors were paid in cash. At 3 o'clock the bank closed and notified depositors that it would open at 9 A. M. and continue to pay in full. The Dime Savings Bank, the American Savings Bank and the Globe Loan and Trust Company took advantage

3. June 14, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, June 14, 1893

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OMAHA BANKS. Another Failure and Several Runs in Progress. OMAHA, June 14. -There is a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the downfall of the American National bank, in which the McCagues are largely interested. It had been unofficially stated that the Clearing House association would stand by its members, of which the American National is one, but when the assets of the bank came to be examined they were pronounced not good enough, and the aid of the associated banks was withheld. The ominous sign appeared on the doors, and the crowd which had collected became greatly excited. The McCagues tried to assure the depositors, telling them that Every Account Would Be Paid in full. At the Omaha Savings bank the German Savings bank, the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady train of depositors all morning. Cash was paid out as soon as called for and there was no apparent limit to it. Toward noon the lines had dwindled till they appeared no larger than upon any day of business. Bank Examiner Griffith, who took charge of the American National bank for the comptroller, could not say much about the assets. A great deal of paper thought not to be first class figures in the resources of the bank. The falling of in deposits amounted to nearly $200,000 since May 4, and this has badly crippled the institution. The Dime Savings bank compelled its depositors to give 60 days notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed to have stopped what almost promised to be a panic.

4. June 14, 1893 The Providence News Providence, RI
Article from The Providence News, June 14, 1893

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DEPOSITORS EXCITED. Vallure of the McCague Savings Bank Pre. cipitates a Run on Others. OMAHA, June 14.-There was a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the down. fall yesterday of the A merican National bank, in which the McCagues are largely Interested. The ominous sign appeared on the door yesterday morning, and the crowd which had collected became greatly excited. The McCagues tried to reassure the depostors, telling them that every account would be paid in full. At the Omaha Savings bank, the German Savings bank, the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady rain of deposits all the morning. Bank Examiner Griffith, who took charge of the American National for the comptroller, said the falling off in deposits of the national amounted to nearly $20,000 since May 4, and this had badly crippled the institution.

5. June 15, 1893 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, June 15, 1893

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OMAHA BANKS. Another Failure and Several Runs in Progress. OMAHA, June 14. -There is a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the downfall of the American National bank, in which the McCagues are largely interested. It had been unofficially stated that the Clearing House association would stand by its members, of which the American National is one, but when the assets of the bank came to be examined they were pronounced not good enough, and the aid of the associated banks was withheld. The ominous sign appeared on the doors, and the crowd which had collected became greatly excited. The McCagues tried to assure the depositors, telling them that Every Account Would Be Paid in full. At the Omaha Savings bank the German Savings bank, the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady train of depositors all morning. Cash was paid out as soon as called for and there was no apparent limit to it. Toward noon the lines had dwindled till they appeared no larger than upon any day of busi. ness. Bank Examiner Griffith, who took charge of the American National bank for the comptroller, could not say much about the assets. A great deal of paper thought not to be first class figures in the resources of the bank. The falling of in deposits amounted to nearly $400,000 since May 4, and this has badly crippled the institution. The Dime Savings bank compelled its depositors to give 60 days notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed to have stopped what almost promised to be a panic.

6. June 15, 1893 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, June 15, 1893

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Article Text

OMAHA BANKS. Another Failure and Several Runs in Progress. OMAHA, June 14. -There is a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the downfall of the American National bank, in which the McCagues are largely interested. It had been unofficially stated that the Clearing House association would stand by its members, of which the American National is one, but when the assets of the bank came to be examined they were pronounced not good enough, and the aid of the associated banks was withheld. The ominous sign appeared on the doors, and the crowd which had collected became greatly excited. The McCagues tried to assure the depositors, telling them that Every Account Would Be Paid in full. At the Omaha Savings bank the German Savings bank, the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady train of depositors all morning. Cash was paid out as soon as called for and there was no apparent limit to it. Toward noon the lines had dwindled till they appeared no larger than upon any day of busi. ness. Bank Examiner Griffith, who took charge of the American National bank for the comptroller, could not say much about the assets. A great deal of paper thought not to be first class figures in the resources of the bank. The falling of in deposits amounted to nearly $400,000 since May 4, and this has badly crippled the institution. The Dime Savings bank compelled its depositors to give 60 days notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed to have stopped what almost promised to be a panic.

7. June 17, 1893 Red Lodge Picket Red Lodge, MT
Article from Red Lodge Picket, June 17, 1893

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Article Text

OMAHA BANKS. Another Failure and Several Runs in Progress. OMAHA. June 14.-There is a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the downfall of the American National bank, in which the McCagues are largely interested. It had been unofficiaily stated that the Clearing House association would stand by its meinbers, of which the American National is one, but when the assets of the bank came to be examined they were pronounced not good enough, and the aid of the associated banks was withheld. The ominous sign appeared on the doors, and the crowd which had collected became greatly excited. The McCagues tried to assure the depositors, telling them that Every Account Would Be Paid in full. At the Omaha Savings bank the German Savings bank. the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady train of depositors all morning. Cash was paid out as soon as called for and there was no apparent limit to it. Toward noon the lines had dwindled till they appeared no larger than upon any day of business. Bank Examiner Griffith. who took charge of the American National bank for the comptroller. could not say much about the assets. A great deal of paper thought not to be first class figures in the resources of the bank. The falling of in deposits amounted to nearly $200,000 since May 4, and this has badly crippled the institution. The Dime Savings bank compelled its depositors to give 60 days notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed to h.ve stopped what almost promised to be a panic.

8. June 20, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, June 20, 1893

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It was unofficially largely interested stated vesterday that the Clearing House Association would stand by its member , of which the American Na tional is one, but when the assets of the American National Bank come to be examined, they were pronounced not good enough, and the aid of the associated banks was withheld. The American's sign appeared on the door this morning and the crowd which had collected became greatly excited. The McCagues tried to reassure depositors, telling them that every account would be paid in full. At the Omaha Savings Bank, the German Savings Bank, the American Savings Bank, the Globe Loan and Trust Company, and other institutions there was a steady drain of depositors all day. Cash was paid out as soon as called for and there was no apparent limit to it. Senator Manderson and vice president Kimball, of the Union Pacific, directors of the bank, made speeches to the excited depositors, guaranteeing them their money, but the run continued. The Dime Savings Bank compelled its depositors to give sixty days' notice of withdrawal. This action, together with the promptness with which other banks met all de mands, is believed to have stopped what almost promised to be a panic. DETROIT, Mich., June 13. - The State Bank of Crystal Falls, Michigan, has suspended as the result of the failure of the Plankington Bank of Milwaukee. The bank is only a year old, and has a capital of $25,000; deposits $60,000. Officers of all the savings banks in this city agreed to enforce the time limit upon withdrawals of deposits. A run was started this morning upon the People's Savings Bank, one of the strongest in Detroit, but the sixty days' notice requirement checked it Bank officers concur in the statement that it was not for the want of money that we took this action, for we could have secured enough to have paid every depositor, but we did not think this the wisest plan."

9. July 6, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, July 6, 1893

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Each of the closed banks can pay in full as soon as it can realize on its collateral. The Bank of Florence at Florence, Colo., closed its doors to-day. It was a branch of the American National Bank of Pueblo. Its assets and liabilities are unknown, but it is claimed that the depositors will be paid in full. OMAHA, July 5.-The American Savings Bank has gone into voluntary liquidation and has asked the State Banking Board to wind up its affairs. This action is due to the failure of the American Loan and Trust Company, which was placed in the hands of a receiver this afternoon at the instance of the directors of the concern, the company being the principal stockholder in the savings bank. The failure of the Investment Company Is attributed to the failure of the Omaha and South Texas Land Company. The American Loan Company, the first of the concerns embarrassed, had a paid up capital of $400,000. The Savings Bank was an offshoot with a capital stock of $400,000, of which $100,000 had been paid up. O.M. Carter was president of both institutions. Since the failure of the Mecague Bank the American Savings has effected a reduction of its deposits to $119 000. The remaining securities, amounting to $353,000, are of the best. The total liabilities amounted to but $153,000. Carter gave a mortgage on his residence yesterday for $50,000 to protect one of the Eastern creditors from whom money had been secured. No statement of the bank's exact condition can be obtained to-night. KANSAS CITY, July 5.-Creditors took possession of the stock of the Golden Eagle Clothing Company on a $50,000 chattel mortgage. The liabilities and assets are even at $90,000. GARDEN CITY, Kans., July 5.-The Finley County Bank has failed. There is no statement. WINNIPEG, July 5.-The Commercial Bank has gone into liquidation. Liabilities $3,270,000, assets $1,981,000. The bilis of the bank go under the Dominion law. NIAGARA FALLS, July 5.-A receiver has been appointed for the Cataract Bank. Assets $755,000. lia bilities $1,027,000. KANSAS CITY, Mo., July 5.-The Haskell Show-printing Company, one of the largest concerns of the kind in the Middle and Western States, made an assignment to-day. The assets and liabilities are not known.

10. July 6, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 6, 1893

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Gone Into Liquidation. OMAHA, Neb., July 5.-The American Savings bank has gone into voluntary liquidation and has asked the state banking board to wind up its affairs. This action is due to the failure of the American Loan and Trust company, which was yesterday afternoon placed in the hands of a receiver at the instance of the directors of that concern, the investment company being the principal stockholder in the savings bank. The failure of the investment company is attributed to the failure of the Omaha & South Nebraska Land company.

11. July 7, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, July 7, 1893

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A Savings Bank Suspends. OMAHA, July 6.-The American Savings Bank suspended this morning with deposits of $153,000 and assets of $259,000. It was involved in the embarrass ment of the American Loan and Trust Company through the latter's enterprise, the Omaba and South Texas Land Company.

12. July 7, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 7, 1893

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Another Omaha Bank Goes. OMAHA, July 7.-The American Savings bank has suspended, with deposits of $153,690, and assets of $259,000. It was involved by the embarrassment of the American Loan and Trust company, through the latter's enterprise, the Omaha and South Texas Land company.

13. July 7, 1893 The World Martinsburg, WV
Article from The World, July 7, 1893

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Omaha Bank Suspends. OMAHA, Neb., July 6-The American savings bank suspended Thursday morning with deposits of $153,000 and assets of $259,000. It was involved in the embarrassment of the American Loan and Trust Co., through the latter's enterprise, and the Omaha and South Texas Land Co.

14. July 7, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 7, 1893

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Omaha Savings Bank Suspends. OMAHA, Neb., July 6.-The American Savings bank has suspended. Deposits $153,000, assets $259,000.

15. July 12, 1893 The Enterprise Wellington, OH
Article from The Enterprise, July 12, 1893

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Bank Suspends. OMAHA, July 7.-The American Savings bank suspended yesterday with deposits of $153,000 and assets of $259,000. It was involved by the embarrassment of the American Loan and Trust Company, through the latter's enterprise with the Omaha and South Texas Land Company.

16. July 14, 1893 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, July 14, 1893

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Savings Bank Suspended. OMAHA, July 6.-The American savings bank has suspended. Deposits, $123,000; assets $259,000.

17. August 10, 1893 The Somerset Reporter Skowhegan, ME
Article from The Somerset Reporter, August 10, 1893

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Russian fleet has left Newport, R. L, for New York--Charles W. Varrell. who attempted suicide at Portsmouth, N. H., a week ago, is dead-Free coinage of silver at an increased ratio is the idea with which the silver men in congress will try to defeat the president's plans-Repreentative Burrows favors the repeal of the Sherman law and thinks it should be easly accomplished-Mr. Bland says financial legislation must come before the Sherman law is repealed. Sunday, Aug. 6. The Massachusetts nautical training Thip Enterprise arrived at Southampton after a short and pleasant voyage spondency was the case of Annie Smith's attempted suicide at Williamsbarg, N. Y-The grand jury held no one responsibill for AND - fire E The opening of a remarkable gas well near Saratogo has caused much alarm to spring owners- A Kansas city man was buncoed out of $7500 at hway, N. J Four per cent United States bonds of large denominations are being exchanged for smaller denominations at the treasury department-Populists are devising a gigantic scheme of government ownership of railroads-Four would-be lynchers were shot and killed in Boone township, Ind-Two persons were killed and four injured by lightning in the street at East New York-Three persons were killed and 25 injured in a railroad wreck in Ohio-Prof Emerson of Amherst col lege was fatally hurt-Eariy Bird won the free-for-all trot at Fairfield. MeJohn Enos of New Bedford, Mass., cut his throat and will -Theatrical Manager Murphy of Haverbill, Mass. is missing -Suspended banking institution at New Bedford, Mass., will pay depositors dollar for dollar-Officials at Manches ter. N. H., now believe that Cashier Mor rill has not left this country-The Richmond (Me.) Savings bank has suspended-Now Haven's proposed new electric road is new an assured fact— Edward L. White, general manager of the Waterbury (Conn.) Watch company, is dead. Monday, Aug. 7. Pastor Thompson, in a discourse on "Truth" at Brockton, Mass., declared his innocence of charges of immorality and untruthfulness Peter Walters was killed by the accidental discharge of a gun at Springfield, William T. Reagan was run over by a freight train at Lowell, Mass., while intoxicated and his right leg was crushed. It was amputated, but the man died-Michael Connelly, aged 25, a 'longshoreman, was found drowned in a dock at Portland, Me-Everett H. Sweet, formerly publisher of The Advo. cate at Attleboro, Mass., and lately city treasurer of San Pedro, Cal., died of consumption. He was born in Worcester, Mass. 35 years ago-Z. A. Hubley and W. E. Cas' of Worcester, Mass., are on a shooting excursion at Black Point, N. S. A gun exploded and shattered Mr. Hubley's left hand, which will have to be amputated Eastern Massachusetts was visited by a severe thunder storm-By the bursting of a 20,000,000-gallon reservoir at Portland, Me, four persons were killed. There was a wild rush of waters on Eastern promenade-For the 12th time in the history of the United States congress was convened at noon today in "extraordinary" session-Dr. McGlynn's return to priestly ministrations was celebrated in St. Finbar's church, Bath Beach, N. Y-The German emperor has placed an order for a 90-footer with Yacht Designer Watson-Copyright and Strathmeath ran a dead heat at Saratoga Racing park-The American Savings bank of Omaha is to resume business-The Pennsylvania railroad effected a $3,000,000 loan in London-George J. Gould says he doubts if he could raise $10,000,000 at short notice- Fred Hovey won the final in the Chicago tennis tournament. Tuesday, Aug. 8. The Masonic temple at Fresno, Cal., was burned-Lynn (Mass.) banks will not cash outside checks-Two boys were killed by a train at Sarnia, Ont.-Three boys were d:owned at Grand Forks, Mich.-Three persons were drowned near Detroit-The Pacific nail works, Oakland, Cal., were destroyed by fireThe tax rate in Dedham, Mass., this year will be $15.20 per $1000-The outlook for the striking Kansas miners is discouraging-The steamer Scythia run into a fog which lasted three days-The crop prospects in Minnesota and Dakota are improved—The Pacific bank of San Francisco was looted of $800,000 by officers--The government of Argentine refused to interfere in the state revolts— General Peach will not resign from the command of the Second (Mass.) brigade -Work was resumed at the American Watch company's factory at Waltham, Mass., by half the hands-The bank commissioners have declared the New Bedford (Mass.) Safe Deposit and Trust company solvent - The reconstructed Iron Hall is trying to have its funds restored in order that it may resume business-Some Beverly (Mass.) people will vote against a city charter because they have fun at the r town mestings-A bridge at Richmond collapsed and two negroes and many head of cattle were drowned-Brakemen of the Evansville and Terre Haute road will lend the road money, but will oppose reduction of

18. February 25, 1894 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, February 25, 1894

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Elisha D. Stockton. SYRACUSE, N. Y., Feb. 24.-Elisha D. Stockton of Paducah, Ky., superintendent of a large spoke factory and prominently identified with the business interests in that place, died from spinal trouble this morning on the southwestern limited New York Central train east of Rochester. Norman L. Munro. NEW YORK, Feb. 24.-Norman L. Munro, the well known publisher and yachtsman, is dead. LOCAL BREVITIES. Health Commissioner Saville has ordered a cleaning up at Rescue hall and has given orders that no more men be received at the hall. Receiver Thomas of the American Savings bank says he expects about March 10 to declare a dividend to depositors of about 33 1-3 per cent. Leon Kopald, proprietor of the European hotel at Tenth and Howard streets, fell dead on arising from his bed yesterday morning with apoplexy. He was 47 years old and leaves a wife and seven children. The funeral will be held today. Annie Barta, a girl who recently came to this country from Bohemia and who had been in Omaha only a few months, died at St. Joseph's hospital yesterday of typhoid malaria. The remains were taken to Heafey's undertaking rooms.

19. March 10, 1894 The Waco Evening News Waco, TX
Article from The Waco Evening News, March 10, 1894

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Wants to Pay a Dividend. Omaha, Neb., March 10.-The time allowed for the filing of claims by depositors and others interested in the defunct American Savings bank expired today, and on Monday Receiver Thomas will make application to the court for authority to pay a dividend. He has enough funds on hand to pay a dividend of 33} per cent of the deposits and leave a balance for contingencies.

20. March 31, 1894 The Bottineau Pioneer Bottineau, ND
Article from The Bottineau Pioneer, March 31, 1894

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Otherwise. An earthquake shock was experienced at Woodward, Iowa. An early opening of lake navigation is promised. It is said that opium smugglers of Victoria, B. C., are raising a fund to secure favorable legislation at Washington. Another case of small-pox at Columbus, Ohio, is Herman Donovan. He is quarantined in a livery stable. At Mount Pleasant, Iowa, workmen found a meteoric stone which they had seen fall to the earth. Cincinnati members of the Knights of Labor are said to be preparing an attack on Secretary Hayes. Small-pox in a bad form has appeared at Braidwood, Ill. Many persons have been exposed to the disease. Philip D. Armour denies that he intends to give $500,000 to found a school for manual training in San Francisco. The water-works bonds of Pana, III., were sold to Deitz, Dennison & Pryor, of Cleveland, Ohio, for $39,151. A receiver was appointed for the Madison, Iowa, Water and Light company at the request of the Central Trust company of New York. Attorney E. M. Kinman, of Jacksonville, Illinois is missing and fears for his safety are felt. He went duck hunting a week ago. The Joe B. Wliliams passed Louisville with a fleet of coal barges covering eight acres and containing 1,000,000 bushels of coal. A dividend of 33 1-3 per cent was paid to depositors of the defunct American Savings Bank at Omaha, Neb. W. C. Owens has begun his campaign at Lexington, Ky., for the seat in congress now held by W. C. P. Breckinridge. It is said the Norfolk & Western Railroad Company will soon secure control of the Ohio Southern and will extend it to Chicago. The state convention of Prohibitionists meets in Indianapolis, Ind., and will try to form a coalition with the Populists. Mr. Greenhut is in New York to settle differences between the American Distributing and the Distilling companies. The state veterinarian reports to the Illinois board of live stock commissioners the existence of two cases of glanders in horses in Pike county. Steel works covering 800 acres of land and employing 3,000 men will be remover from Jamestown, Pa., to Cleveland, Ohio. Heirs of J. Lemen recovered $3,000 life insurance in a suit against the Knights of Phythias at Shreveport, La. Suicide was the defense. The body of George Ash, who was drowned last October at Dallas City, Ilinois, was found in the Mississippi at Alton, Ilinois, and identified by papers. At a meeting of the Louisville Southern bondholders of the Louisville it was decided by 18 to 11 to oppose the Drexel, Morgan & Co., reorganization plan. A list of members of an A. P. A. lodge at Cleveland has fallen into the hands of Catholics, who threaten to institute a boycott. Trouble in the German Presbyterian church at Dubuque, Iowa, has led to the seceding of 100 members, who will form an independent church. Senator Richard Coke of Texas has notified the Democratic state committee that he will retire from public life at the close of his present term. Horace M. Hadley has been appointed receiver for the Bedford Stone company at Bedford, Ind. The total assets are $95,000. The liability are about $50,000. Capt. David Coull, of the steamer Castilian Prince, reports seeing a water spout of great size off Hatteras coast. Trouble over the expenditure of city funds at South Enid, Okla., has reached a stage where bloodshed is feared. Joseph Mastuskowitz, one of the survivors of the Jeansville disaster, has brought suit against J. C. Hayden & Co., the owners of the colliery. He and two companions were imprisoned in the mine nineteen days, and the plaintiff claims that his health was shattered by the exposure. He sues for $25,000 damages.

21. May 11, 1894 The Morning Call San Francisco, CA
Article from The Morning Call, May 11, 1894

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GIVEN A RECEIVER. The American Loan and Trust Company in Trouble. OMAHA, May 10.-On the application of Boston stockholders, representing some 400 shares, Judge Dundy appointed Phillip Potter receiver for the American Loan and Trust Company. The company has guaranteed the payment of several hundred thousand dollars for loans made and business transacted and has sold its debenture bonds in sums aggregating $400,000, secured by its own bonds. On July 1, 1893, the Omaha and South Texas Land Company was indebted to the American Loan and Trust Company for $550,000, but could not meet its obligations. The result was that the American Savings Bank closed up for a short time, as did also the Houston venture, and when they were later opened receivers were appointed for them. The appointment of a receiver for the American Loan and Trust Company is for the purpose of straightening out its affairs and tiding it over the financial depression.

22. July 17, 1910 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, July 17, 1910

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In the District Court of Douglas County, Nebraska. DOCKET 51-NO. 215. State of Nebraska, Plaintiff, against the American Savings Bank, Defendant. Order for publication of notice of application of receiver for final discharge. On reading and filing the petition of Joseph W. Thomas, receiver, for passing of his accounts and discharge of himself as receiver, and also for the discharge of his sureties on his official bond, and for the discharge of such bond, and said petition setting forth that all of the debts and liabilities of said bank have been fully paid and that the costs and expense of said receivership have been fully paid, and that there are no funds remaining in his hands as such receiver. It is therefore ordered that said petition be heard at court room No. 7, in the Bee building, on the 20th day of July, 1910, at 10 o'clock a. m. of said day, and that notice be given of said hearing to all parties Interested by publishing the same for three (3) successive days in the morning edition of The Omaha Daily Bee, Omaha, Neb., beginning with Sunday morning, July 17, 1910. Dated July 16. 1910. (Signed) GEORGE A. DAY, Jyl7-18-19 Judge.

23. July 19, 1910 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, July 19, 1910

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LEGAL NOTICES In the District Court of Douglas County, Nebraska. DOCKET 51-NO. 215. State of Neoraska, Plaintiff, against the American Savings Bank, Defendant. Order for publication or notice of application of receiver for final discharge. On reading and filing the petition of Joseph W. Thomas, receiver, for passing of his accounts and discharge or himself as receiver, and also for the discharge of his sureties on his official bond, and for the discharge of such bond, and said petition setting forth that all of the debts and liabilities of said bank have been fully paid and that the costs and expense of said receivership have been fully paid, and that there are no funds remaining in his nands as such receiver. It is therefore ordered that said petition be heard at court room No. T, in the Bee building, on the 20th day of July, 1910, at lv o'clock a. m. of said day, and that notice be given of said hearing to all parties interested by publishing the same for three (3) successive days in the morning edition or The Omaha Daily Bee, Omana, Neb., beginning with Sunday morning, July 17, 1910. Dated July 16, 1910. (Signed) GEORGE A. DAY, Judge. Jy17-18-19

24. January 21, 1920 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 21, 1920

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was the son of a London portrait painter*and received a classical education in the boys' schools of London and Oxford and later traveled on the continent. He located in New York at the age of 19 and the following year he moved to Carroll, Ia., where he engaged in the banking business. He was associated later with G. W. Wattles in the establishment and operation of banks in Nebraska, at Sargent, Rushville and O'Neill. Made Enviable Reputation. During the panic of 1893 Mr. Thomas moved from O'Neill to Omaha, where he had been appointed receiver of the American Savings bank and of the Midland (Continued on Page Twg, Column Four,)