Omaha Loan & Trust Company (Omaha, NE)

Episode Information

Episode UID
4863862491224
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
486386249 hash
Start Date
December 12, 1901
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5f35a02a8e27c733

Response Measures

None

Description

Court-appointed receiver placed company in receivership, indicating permanent closure rather than a temporary suspension.

Events (2)

1. December 12, 1901 Receivership
Newspaper Excerpt
appointed William K. Potter receiver for the Omaha Loan and Trust company, and fixed his bond at $100,000.
Source
newspapers
2. December 12, 1901 Suspension
Cause
Government Action
Cause Details
Court order appointing a receiver after application by William Wallace; action taken in interest of creditors.
Newspaper Excerpt
On application of William Wallace, Judge Fawcett in the District Court ... appointed William K. Potter receiver for the Omaha Loan and Trust company.
Source
newspapers

Newspaper Articles (11)

Article from Ottumwa Semi-Weekly Courier, December 12, 1901

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Article Text

COMPANY GIVES UP FIGHT. Receiver Appointed to Take Charge of Omaha Loan and Trust Affairs. Omaha, Neb., Dec. 12.-On application of William Wallace, Judge Fawcett, in the District Court, late yesterday afternoon. appointed William K. Potter receiver for the Omaha Loan and Trust company, and fixed his bond at $100,000. Edgar H. Scott was named as attorney for the receiver.


Article from The Wilmington Daily Republican, December 12, 1901

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Article Text

Trust Company In Receiver's Hands. OMAHA, Neb., Dec. 12.-On application of William Wallace, Judge Fawcett in the district court yesterday appointed William J. Potter receiver for the Omaha Loan and Trust company. Attorney H. E. Scott. for the trust company. said the application bad been considered for some time and that the action had been taken after conferences with representatives of eastern creditors and between the stockholders and directors. The application, he said. was made in the interest of the creditors, of whom none Is preferred.


Article from Evening Journal, December 12, 1901

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Article Text

NUGGETS OF NEWS General Funston will sail from Manila for the United States on December 16. Railroad yards at El Paso, Tex., are blocked with cars of eastbound oranges. Dr. L. M. Sweetman, a well-known surveyor. died in John Hopkins Hospital at Baltimore. Harold H. Weeks was elected captain of the Columbia University football team for 1902. William K. Potter was appointed receiver for the Omaha Loan and Trust company yesterday. The submarine boat Fulton, which sank at New Suffolk, L. I., on Monday, was raised yesterday. Frank Bundy, who shot and killed his wife last August, was convicted of manslaughter at Johnstown, Pa. A three-story saw factory in Brooklyn, N. Y., owned by J. Oldham & Sons, was burned. Loss, $75,000.


Article from Waterbury Democrat, December 12, 1901

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Article Text

Trust Company In Receiver's Hands. OMAHA, Neb., Dec. 12.-On application of William Wallace, Judge Fawcett in the district court yesterday appointed William J. Potter receiver for the Omaha Loan and Trust company. Attorney H, E. Scott, for the trust company, said the application had been considered for some time and that the action had been taken after conferences with representatives of eastern creditors and between the stockholders and directors. The application, he said. was made in the interest of the creditors, of whom none is preferred.


Article from Spirit of the Age, December 14, 1901

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Article Text

Receiver for Trust Company. Omaha, Dec. 12.-On application of William Wallace, Judge Faucett yesterday appinted William J. Potter receiver for the Omaha Loan and Trust company. Attorney Scott. for the trust company. said the action had been taken after conferences with representatives of eastern creditors and between the stockholders and directors.


Article from Martinsburg Herald, December 14, 1901

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Article Text

Trust Company In Receiver's Hands. OMAHA, Neb., Dec. 12.-On application of William Wallace, Judge Fawcett in the district court yesterday appointed William J. Potter receiver for the Omaha Loan and Trust company. Attorney H. E. Scott, for the trust company. said the application had been considered for some time and that the action had been taken after conferences with representatives of eastern creditors and between the stockholders and directors. The application, he said, was made in the interest of the creditors, of whom none is preferred.


Article from The Intermountain Catholic, December 14, 1901

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Article Text

De six months will consist pork. next sign to refute Dowie's S charges d Financial business of the United States in the far east to be turne government the New York Guaranty & Trus company. over to which gained the award de spite strong opposition from foreign houses. Admiral Schley gave silver service to M. A. Teague, his assistant counsel 1. the recent inquiry. Deadwood shernfff and his deputy killed a store robber, wounded another and tured a third. Runt on the City Savings bank Omaha checked by sight of piles of on the counters. Stanford university about to come full possession of the millions left by Senator Stanford. The amount $18 000 in bonds and $12,000 in other property D. M. Farson and other revivalists from Chicago ousted from the Park Street church, Boston, because their meetings were too boisterous H. J. Fleishman, cashier of the Farm& Merchants bank of Los Angeles $150.00 disappeared. ers leaving a shortage of Express package containing mortgages and securities worth Wis. found in a rubbish heap at Racine Dentist at Mattoon. Ills., killed hims because he feared he was unitted temperament to marry Senator Hoar introduced bill to punish as murderers all who participate lynching Congress to act on Andrew Carnegie city proposition to give $10,000,000 to the Washington for a national university New subsidy bill read in the Principal items which aroused antag ism in the last congress left out Senator Tillman defied his colleague and in senate discussion of their troubles challenged a him to resign. Their seats may be declared vacant. Chicago Undertakers association started movement to abolish Sunday funerals. Will ask clergymen to co-operate In an attempt to capture Dewet Colonel Wilson, with a force of English troops. came into contact with a superior force of Boers near Hellbron, and was nearly surrounded. French ministry in debate on the budget declared the government cannot consider a reduction in the size of the army at the present time Reichstag to question the government regarding Chamberlain's alleged insult to German soldiers in his speech at Edinburg. Plan of Charles T. Yerkes for electri14cation of London transportation lines reported to have been adopted General Alban preparing to recapture Tumaco. which is held by 3,000 Colombian recvolutionists. British government soon to institute reforms in t he management of concentration camps. Clerk who robbed Liverpool bank of nearly $1,000,000 lost it in race track gambling. London Saturday Review opposed alliance with either Germany or United States. and urged holding balance of trade poyer by England in case of trouble in South America. Domestic troubles of Queen Wilhelmine arouse interest of Europe, but it is doubted if facts are known. Girl students at University of Wiscon sin asked lower prices or better bill of fare in Chadbourne hall. American Federation of Labor organ ized conventionan d prepared for work. Robbers surrounded in bank at Archbald, O., fought their way out, carrying $2,000 in plunder. Leonard Roeder. who says he remembers battle of Waterloo. will celebrate 102d birthday at Quincy, Ills. shortly Legislation to provide funds for Nicaraguan canal almost certain of passage this session. at Senator Depew gave a farewell stag dinner. with President Roosevelt as special guest. Omaha Loan & Trust company of Omaha, Neb. admittedly in fnancial distress and liquidation is predicted. Liabilities are $1,000,000. mostly owed to eastern investors. A. U. Wyman. former United States treasurer. is president. Plans of General Miles for new army uniform opposed. War of copper interests on Thomas W Lawson discussed by Boston millionaire. Manila merchants refuse to accept Mexican money in payment for goods. Philippine commission authorized Insular purchasing agent to use gold in purchase of supplies. Botha, Steyn. De Wet and other Boer leaders held a conference twelve miles from Heilbron. Burghers want to know when intervention is to come Miss Katherine Roberts, heiress to 1 fortune of $4,000,000, is a chorus girl in the 'Liberty Bells. British coal exports declined 158,000 tons in the first ten months of 1901. Leader of an American party exploring Siberia expelled from Russia. According to the annual report of Director of the Mint Roberts. the coinage for 1901 amounted to $136,340,781. President Roosevelt and his sons averse to wearing heavy overcoats, but they seldom catch cold. Kenosha Woman's club of Chicago voted to forego use of bird trimmings on Easter bonnets. Attempt will be made to protect birds in that city Footpad at Lexington, Ky., killed and robbed J. N. Hawkins, treasurer of a church. Slump in Amalgamated Copper stock caused by sale of holdings of estate of Marcus Daly. Business section of Hoopestown. Ills., destroyed by fire. Loss nearly $100.000. Loss of the Omaha Loan & Trust company may run up into the millions. Platinum and copper in paying quantites found near Encampment, Wyo. New Orleans infested with crooks and pickpockets, who defy the police. This year's output of Lake Superior iron mines was 20,500,000 tons. "Volunteers of America planning Christmas dinner for 10,000 persons on Dec. 29. at Chicago. Trades unionists throughout Illinois will be asked by Chicago lodges to contribute to the McKinley monument fund. Town Marshal J. B. Smith of Chelsea. Ia., killed in a fight with three men eaught in the act of robbing a bank. Posse pursuing the slayers. Convicted murderer who was executed in Arkansas partially revived in his coffin. but died before he could be hanged again. Federation of Labor convention at Scranton, Pa., denounced Minister Wu for his recent remarks on Chinese exclusion. Locomotive and three freight cars on the Canadian Pacifie fell into a gorge 300 feet deep. Two trainmen killed. Kansas City man who forced his sweetheart to steal $1,200 sentenced to prison for Senate five years. Foreign committee made favorable report on Hay-Pauncefote treaty, which insures its ratification. Congressman Crumpacker again introduced his bill to reduce southern representation in congress. Rumor revived thata Secretary Hay is retire after the confirmation of the Nicaraguan canal treaty by the senate. Secretary Root thought to be most likely succeed him in that event. o Court-martial of Colonel R. L. Meade esulted in his acquittai. Charges may be rought against his accusers. Admiral Dewey said none of the reports bout the Schley decision are to be beleved. W. J. Bryan declared Filipinos and panese should be excluded together


Article from Omaha Daily Bee, March 11, 1902

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FOR SALE-REAL ESTATE. A CHOICE home, built of pressed brick, interior beautifully finished, square mosate tiled hall, porcelain bath, steam heat, barn, carriage house, shade trees, large lot 85 feel front; very fine residence location; close in; this property cost the former owner over $18,000 and can be sold at a decided bargain for cash. Wm. K. Potter, receiver Omaha Loan and Trust RE-M113 Co., 303 Brown Blk.


Article from Omaha Daily Bee, July 15, 1902

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Article Text

2123 CHARLES, four-room cottage; rent $11. Wm. K. Potter, receiver, Omaha Loan and Trust Co., 303 Brown block. D-931


Article from Omaha Daily Bee, February 1, 1906

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Article Text

RECEIVER TO SELL THE LOT W. K. Potter Directed by Court to Dispose of Eight-ThousandDollar Property. Judge Troup has made an order directing William K. Potter. as receiver of the Omaha Loan and Trust company. to sell to Inez Callahan sublot 8 of lot 3. Capitol addition for $8,300 cash. After legal expenses are paid the balance is to go toward the paying of claims against the defunct trust company for which the property was security.


Article from Omaha Daily Bee, June 30, 1908

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Article Text

POTTER MAKES GOOD REPORT Receiver of Omaha Loan and Trust Company is Discharging Liabilities. William K. Potter has filed in district court a report of the receivership of the Omaha Loan and Trust company since the last report, November 17, 1905. The report shows that he received $4,417.25 in cash when he took charge and has collected $1,872,009.13. making a total of $1,876,426.38 and has disbursed $1,855,247.55, leaving a balance on hand of $21,178.83. The liabilities have been reduced about $3,868,000. The report also shows that the expense of the receivership has not been paid out of the sale of the property of the concern, but that the profits arising from the business transaleted has paid this expense and $33,744 in addition.