Omaha Loan & Trust Company (Omaha, NE)

Episode Information

Episode UID
4863862491302
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
486386249 hash
Start Date
June 30, 1908
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
71d7ed0959ff34c8

Response Measures

None

Description

Articles describe an extended receivership and final liquidation; sources give conflicting statements on how long the company had been closed.

Events (4)
1. June 30, 1908 Receivership
Newspaper Excerpt
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...
Source
newspapers
2. September 22, 1908 Other
Newspaper Excerpt
will, commencing on the 22d day of September, 1908 ... offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands
Source
newspapers
3. November 22, 1908 Other
Newspaper Excerpt
Creditors of the Omaha Loan and Trust company, which failed six years ago, will be paid 100 cents on the dollar. This gratifying condition is disclosed in the report of the receiver, William K. Potter...
Source
newspapers
4. December 17, 1908 Other
Newspaper Excerpt
By an order signed by District Judge Kennedy the affairs of the Omaha Loan and Trust company have been closed up and William K. Potter, receiver, has been discharged.
Source
newspapers

Newspaper Articles (11)
1. June 30, 1908 Omaha Daily Bee Omaha, NE
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 transalcted has paid this expense and $33,744 in addition.

2. September 17, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 17, 1908

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Article Text

RECEIVER'S SALE Notice is hereby given that, pursuant to an order of the district court of Douglas county, Nebraska, dated September 14, 1908, William K. Potter, as receiver of the Omaha Loan and Trust company, will, commencing on the 22d day of September, 1908, at room No. 801 Brown block, Sixteenth and Douglas streets, Omaha, Nebraska, offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands as shown by his report filed with the court on September 14, 1908, and in accordance with the order of court dated September 14, 1908, including real estate, notes, stocks, furniture and fixtures, commission mortgages and other assets, commencing at 10 o'clock on the morning of Tuesday, the 22d day of September, 1908, and continue between the hours of 10 and 12 a. m. and 2 to 5 p. m., with authority to adjourn from day to day for such length pedient. of time as to said receiver shall seem exSaid sale shall be subject to the provisions that said receiver, on instructions from the court retains the right to reject any and all bids, for any and all property 80 to be offered for sale. Each bid shall be accompanied by a certified check to the order of William K. Potter, receiver, for twenty (20) per cent of the amount of the bid. Said bids will be reported to the court after the conclusion of said sale and the balance of the purchase price of all sales approved and confirmed by the court will be payable upon said confirmation. All of the property and assets will be sold subject to all taxes, liens and encumbrances, and subject to any defects of title. The description of the real estate to be offered for sale by the undersigned, at said time and splace and upon the conditions above mentioned, is as follows: Lot seven (7), block four (4), Patrick's addition, Omaha. West twenty-two (22) feet of lot seven (7), block eighty-nine (89), in the city of Omaha. West #1 feet lots forty-two (42), fortythree (43) and forty-four (44), and west 41 feet of the south 14 feet of lot forty-five (45), in Fairmount Place addition to the city of Omaha. The south one-half (1/2) of sub lot two (2) of tax lot seventeen (17), in section twenty (20), township fifteen (15), range thirteen (13), in the city of Omaha. North one-third (1/3) of south one-half (½), lots eight (8) and nine (9), block one (1), Jetter's addition to South Omaha. Lot thirteen (18), in block eight (8), in First addition to South Omaha. Lot twenty-three (23), in block four (4), In "Vassar Place" addition to Omaha. WILLIAM K. POTTER, Receiver, OMAHA LOAN AND TRUST CO. (19)-M613 21

3. September 18, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 18, 1908

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Article Text

RECEIVER'S SALE Notice is hereby given that, pursuant to an order of the district court of Douglas county, Nebraska, dated September 14, 1908, William K. Potter, as receiver of the Omaha Loan and Trust company, will, commencing on the 22d day of September, 1908, at room No. 301 Brown block. Sixteenth and Douglas streets, Omaha, Nebraska, offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands as shown by his report filed with the court on September 14, 1908, and in accordance with the order of court dated September 14, 1908, including real estate, notes, stocks, furniture and fixtures, commission mortgages and other assets, commencing at 10 o'clock on the morning of Tuesday, the 22d day of September, 1908, and continue between the hours of 10 and 12 a. m. and 2 to 5 p. m., with authority to adjourn from day to day for such length of time as to said receiver shall seem expedient. Said sale shall be subject to the provisions that said receiver, on instructions from the court, retains the right to reject any and all bids, for any and all property so to be offered for sale. Each bid shall be accompanied by a certified check to the order of William K. Potter, receiver, for twenty (20) per cent of the amount of the bid. Said bids will be reported to the court after the conclusion of said sale and the balance of the purchase price of all sales approved and confirmed by the court will be payable upon said confirmation. All of the property and assets will be sold subject to all taxes, liens and encumbrances, and subject to any defects of title. The description of the real estate to be offered for sale by the undersigned, at said time and place and upon the conditions above mentioned, is as follows: Lot seven (7), block four (4), Patrick's addition, Omaha. West twenty-two (22) feet of lot seven (7), block eighty-nine (89), in the city of Omaha. West 41 feet lots forty-two (42), fortythree (43) and forty-four (44), and west 41 feet of the south 14 feet of lot forty-five (45), in Fairmount Place addition to the city of Omaha. The south one-half (1/2) of sub lot two (2) of tax lot seventeen (17), in section twenty (20), township fifteen (15). range thirteen (13). in the city of Omaha. North one-third (1/3) of south one-half (1/2), lots eight (8) and nine (9), block one (1), Jetter's addition to South Omaha. Lot thirteen (13), in block eight (8), in First addition to South Omaha. Lot twenty-three (23). in block four (4), in "Vassar Place" addition to Omaha. WILLIAM K. POTTER. Receiver. OMAHA LOAN AND TRUST CO. (19)-M613 21

4. September 18, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 18, 1908

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Article Text

REAL ESTATE TRANSFERS Elizabeth Cameron to Johana L. W. Hoppe, lot 11, block 21, Gate City Park addition 75 $ Margaret C. Dewitt to same, lot 10, block 2, Gate City Park addition 75 John Rush and wife to Lucella B. Mendenhall, lot 14, block 6, Riverside addition 2 George Seletos to Samuel Mancuse, lot 4, block 21, Shull's addition 2 Rachael Cameros to Joseph Camero, part of lot 13, block 7, Patrick's 2d addition 1 John C. Blouck to William A. Trumbo, lot 20, Luke & Templeton's addition 2,800 Edwin F. Brailey, sheriff, to Edward T. Heyden, lot 12, block 22, Kountze Place 1,550 Frank R. Vierling and wife to Emil Rix, lot 3, block 9, Shull's 2d addition 1,000 William K. Potter, receiver of Omaha Loan and Trust company, to J. C. Vizzard, part sublot 4, tax lot 16, sec. 10-15-13 1,250 John A. Creighton Real Estate and Trust company to Irving H. Arey, lot 1, block 6, Creighton's 1st addition 950 Meliora W. `airchild and husband to F. Isabel Pollard, lot 3, block 3, Oak Hurst park 475 Chris Berger and wife to Annie R. Matthews, lot 18, block 1, Hastings & Heyden's addition 2,300 John J. Mirten and wife to John Ternus, part of lot 4 and lot 3, block 6, Improvement. Association adaddition 2,050 United States National bank to Missouri Valley Land and Live Stock company, lots 5, 6, 7 and 8, block 1971/2, and other property 1 James M. Robinson to Edward F. Leavy, lot 1, A. H. Sanders' addition 1 Saunders County National bank to Ellen Rosten et al, lots 3, 6, 7, 8, 17, 18, 19 and 20, block -, and other property in Mayne addition 1 Same to Ellen Rosten et al, lots 4, 5, 7, 15, 16, 17 and 18, block 2, and other property in Mayne addition 1 Augusta E. Crissman to May E. Russell, s½ lot 91, Nelson's addition 2,000 Total $14,534

5. September 19, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 19, 1908

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Article Text

REAL ESTATE REAL ESTATE DEALERS. PAYNE INV. CO., first floor N. Y. Life. (19)-269 GEORGE & CO., 1601 Farnam. Tel. Douglas 756. (19)-270 BENJAMIN R. E. CO., 477 Brandeis Bldg. (19)-271 CITY PROPERTY FOR SALE. RECEIVER'S SALE Notice is hereby given that, pursuant to an order of the district court of Douglas county, Nebraska, dated September 14, 1908, William K. Potter, as receiver of the Omaha Loan and Trust company, will, commencing on the 22d day of September, 1908, at room No. 301 Brown block, Sixteenth and Douglas streets, Omaha, Nebraska, offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands as shown by his report filed with the court on September 14, 1908, and in accordance with the order of court dated September 14, 1908, including real estate, notes, stocks, furniture and fixtures, commission mortgages and other assets, commencing at 10 o'clock on the morning of Tuesday, the 22d day of September, 1908, and continue between the hours of 10 and 12 a. m. and 2 to 5 p. m., with authority to adjourn from day to day for such length of time as to said receiver shall seem expedient. Said sale shall be subject to the provisions that said receiver, on instructions from the court, retains the right to reject any and all bids, for any and all property so to be offered for sale. Each bid shall be accompanied by a certified check to the order of William K. Potter, receiver, for twenty (20) per cent of the amount of the bid. Said bids will be reported to the court after the conclusion of said sale and the balance of the purchase price of all sales approved and confirmed by the court will be payable upon said confirmation. All of the property and assets will be sold subject to all taxes, liens and encumbrances, and subject to any defects of title. The description of the real estate to be offered for sale by the undersigned, at said time and place and upon the conditions above mentioned, is as follows: Lot seven (7), block four (4), Patrick's addition, Omaha. West twenty-two (22) feet of lot seven (7), block eighty-nine (89), in the city of Omaha. West 41 feet lots forty-two (42), fortythree (43) and forty-four (44), and west 41 feet of the south 14 feet of lot forty-five (45), in Fairmount Place addition to the city of Omaha. The south one-half (1/2) of sub lot two (2) of tax lot seventeen (17), in section twenty (20), township fifteen (15). range thirteen (13), in the city of Omaha. North one-third (1/3) of south one-half (1/2), lots eight (8) and nine (9). block one (1), Jetter's addition to South Omaha. Lot thirteen (13), in block eight (8), in First addition to South Omaha. Lot twenty-three (23), in block four (4), in "Vassar Place" addition to Omaha. WILLIAM K. POTTER. Receiver. OMAHA LOAN AND TRUST CO. (19)-M613 21

6. September 19, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 19, 1908

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Article Text

REAL ESTATE TRANSFERS (Continued.) Nebraska National bank, lots 3 to 9, inclusive, and lot 18; also part lot 10, block 1, Sunset add William K. Potter, receiver, Omaha Loan and Trust company, to E. D. Smales, lot 36, block 8, Orchard Hill add. 1,2 George W. Smith to Harry Tavender, part lots 1, 2 and 3, Smithfield 3 Dennis Cunningham and wife to William H. Easterday, lots 1, 2 and 3 in block 4, Cunningham add 1,0 William K. Potter, receiver of Omaha Land and Trust company, to F. D. Wead, lot 8, block 1, Saunders & Himebaugh's, Mount Pleasant John W. Housley to Albert J. Deerson. part of lots 6 and 7, block 3, Elkhorn 2,5 Lillian K. Clark and husband to Martilla L. Phillips, lot 11, block 18, Central Park add Total $15,8

7. September 19, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 19, 1908

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REAL ESTATE TRANSFERS Elizabeth Kountze Real Estate company to Anna K. Overturf, part lot 4, block 1, Kountze Place $ 750 James J. Fitzjerald and wife to Katie Sheehan, east 52 feet of lot 3, block 50 1, Cotrer & Archer's add., to same. Fitzgerald & Peters to James E. Almy, lot 1 of Troxel's sub 1,750 P. C. Anderson and wife to A. D. Martens, lots 3 to 8, inclusive, block 2, Alam's Place 2,500 Eunice McCowles to B. F. East, lot 8, block "F," Prospect Place add 1,250 Benjamin Davis to Elmer Nelson, lots S00 9 and 10, block "I," Lowe's add D. S. Crain and wife to John Schmidt, lot 13. block 3, South Omaha Park add. to South Omaha 150 John A. Creighton Real Estate and Trust company to Augusta C. Head, 750 lot 26, block 7, Creighton's 1st add.. John H. Franklin and wife to William McMasters, lot 50, Keystone Park 800 William K. Potter. receiver, Omaha Loan and Trust company, to C. Carlbery, lot 11, block 7, Walnut Hill add. 1 Emma Wadsworth to Carl H. Ballard, lots 10 and 11, block 4, Plainview add. 1,850 A. D. Marten to Elmer R. Porter et al., lots 3 to 8, inclusive, block 2, Alama Plaza 1 Reed Bros. to Elizabeth M. Shahah, lot 9, block 2, in replat of Durant Place Mary E. Chadwick and husband to

8. September 21, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, September 21, 1908

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Article Text

RECEIVER'S SALE Notice is hereby given that, pursuant to an order of the district court of Douglas county, Nebraska, dated September 14, 1908, William K. Potter, as receiver of the Omaha Loan and Trust company, will, commencing on the 22d day of September, 1908, at room No. 301 Brown block, Sixteenth and Douglas streets, Omaha, Nebraska, offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands as shown by his report filed with the court on September 14, 1908, and in accordance with the order of court dated September 14, 1908, including real es. tate, notes, stocks, furniture and fixtures, commission mortgages and other assets, commencing at 10 o'clock on the morning of Tuesday, the 22d day of September, 1908, and continue between the hours of 10 and 12 a. m. and 2 to 5 p. m., with authority to adjourn from day to day for such length of time as to said receiver shall seem expedient. Said sale shall be subject to the provisions that said receiver, on instructions from the court, retains the right to reject any and all bids, for any and all property 80 to be offered for sale. Each bid shall be accompanied by a certified check to the order of William K. Potter, receiver, for twenty (20) per cent of the amount of the bid. Said bids will be reported to the court after the conclusion of said sale and the balance of the purchase price of all sales approved and confirmed by the court will be payable upon said confirmation. All of the property and assets will be sold subject to all taxes, liens and encumbrances, and subject to any defects of title. The description of the real estate to be offered for sale by the undersigned, at said time and place and upon the conditions above mentioned, is as follows: Lot seven (7), block four (4), Patrick's addition, Omaha. West twenty-two (22) feet of lot seven (7), block eighty-nine (89). in the city of Omaha. West 41 feet lots forty-two (42), fortythree (43) and forty-four (44), and west 41 feet of the south 14 feet of lot forty-five (45). in Fairmount Place addition to the city of Omaha. The south one-half (1/2) of sub lot two (2) of tax lot seventeen (17), in section twenty (20), township fifteen (15). range thirteen (13), in the city of Omaha. North one-third (1/3) of south one-half (1/2), lots eight (8) and nine (9). block one (1), Jetter's addition to South Omaha. Lot thirteen (13), in block eight (8), in First addition to South Omaha. Lot twenty-three (23). in block four (4), in "Vassar Place" addition to Omaha. WILLIAM K. POTTER. Receiver, OMAHA LOAN AND TRUST CO. (19)-M613 21

9. November 17, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 17, 1908

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TWELVE-YEAR-OLD CASE GOING Receivership of Omaha Loan and Trust Company Finally Being Wound Up. The receivership of the Omaha Loan and Trust company, which has been in court for the last twelve years, is now being brought to a close and by the first of the year it is hoped to have the affairs of the concern wound up. An order has been signed by the court charging off the books about $66,000 in worthless assets which cannot be collected. The larger part of this amount is made up of an item of $53,500, which represents mortgage loans sold and guaranteed. An order allowing Edgar Scott, the attorney for the receiver, to the first of the year has been entered and It is believed by that time the services of an attorney can be dispensed with. William K. Potter has been acting as receiver,

10. November 22, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 22, 1908

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CREDITORS GET PAID IN FULL Omaha Loan and Trust Company Will Pay Dollar for Dollar. POTTER DISCLOSES IT IN REPORT Receiver Shows by Statement Balance Outstanding to Be $24,645, and This Will Be Carefully Liquidated. Creditors of the Omana Loan and Trust company. which failed six years ago, will be paid 100 cents on the dollar. This gratifying condition is disclosed in the report of the receiver, William K. Potter, which has been approved by Judge Kennedy of the district court. The report shows the balance of claims now outstanding to be $24,645.08 and Judge Kennedy has ordered the receiver to pay these in full on his showing that there is money enough in his hands to do so. Mr. Potter has practically wound up the affairs of the company and the report made Saturday is practically a final report, though a subreport showing that the money has been paid will have to be filed later. All that remains now is the payment of the money. When the company failed six years ago it had creditors scattered all over the county and it was feared for a time they would receive only a small proportion of their money. Mr. Potter was appointed receiver by the court and during his receivership he has made cash collections amounting to almost $1,900,000. He now has on hand a cash balance of over $27,000, which is more than enough to wipe out all the unpaid indebtedness. An unusual feature of the receivership is

11. December 17, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, December 17, 1908

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POTTER WINDS UP AND QUITS Receiver Pays All Creditors of Omaha Loan and Trust Company in Full. By an order signed by District Judge Kennedy the affairs of the Omaha Loan and Trust company have been closed up and William K| Potter, receiver, has been discharged. There still remains $3,260.73 belonging to the creditors who have failed to call for their money. The court ordered this amount paid over to the district clerk with the names and addresses of those to whom it belongs and he will pay it out when it is called for. The order also approves all acts of the receiver and permits him to destroy such of the records and correspondence as are of no further use. The company failed about six years ago, but under the receivership of Mr. Potter the creditors have been paid in full and the income on the property in his charge has more than paid the expense of the receivership.