Goodrich Brothers Banking Company (Fairbury, NE)

Episode Information

Episode UID
76005971465
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7600597 routing
Routing Number
76-0059
Start Date
January 3, 1922
Location
Fairbury, Nebraska (40.137, -97.181)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bb857db17770bfec

Response Measures

None

Events (2)
1. January 3, 1922 Receivership
Newspaper Excerpt
A receiver for the Goodrich Bros. Banking company of Fairbury was appointed January 3, 1922, and will now refund 69 3-4 per cent from the total draft drawn on the depositors guaranty fund.
Source
newspapers
2. January 3, 1922 Suspension
Cause
Government Action
Cause Details
Bank closed and application made for appointment of a receiver (state receivership).
Newspaper Excerpt
The Goodrich Brothers Banking company at Fairbury, Neb., an old and established firm, has been closed and application will be made Tuesday for appointment of a receiver.
Source
newspapers

Newspaper Articles (6)
1. January 4, 1922 Pueblo Chieftain Pueblo, CO
Article from Pueblo Chieftain, January 4, 1922

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Article Text

e I . FINANCIAL NOTES 1 Lincoln, Neb., Jan. 3.-The Goodrich t Brothers Banking company at FairI , bury, Neb., an old and established firm, I has been closed and application will 1 be made Tuesday for appointment of a t receiver, it was announced today at the attorney general's office. : 1 Pittsburg. Pa., Jan. 3.-The crude oil market opened for the year today with the announcement by the principal purchasing agencies that the price of Pennsylvania grade was $3.50 a barrel. a reduction of 50 cents. Corning. Cabel, Somerset and Somerset light were cut 25 cents and Ragian 10 cents a barrel. : New York. Jan. 3.-A serious break ) occurred today in the local cotton market. apparently due to reports of unsettled conditions in the west. After advancing to $19.20. early March con1 tracts broke more than $5 a bale, sell7 ing at $18.16 in the late trading. : : METAL QUOTATIONS 8 New York. Jan. 3.-Copper steady: 8 electrolytic spot and nearby, 131/614e: 1 later. 14c. , Tin easy: spot and nearby, $32.75: : : futures. $32.75. Iron steady: No. 1 northern. $19.50 20.50: No. 2 northern. $19.00@20.00; Na 2 southern. $16.50@17.00 Lead steady: spot. $4.70@4.80 Zinc. quiet: East St. Louis delivery c spot. $4.90@4.95. Antimony spot. $4.50. e DENVER LIVESTOCK 8 Denver. Jan. 3.-Cattle-Receipts 1.n 000: market opened steady. closed 15@ , steers. 25c lower: beef $6.00@7.00; cows and heifers, $4.25@6.50; calves. $7.00 10.00: bulls. $2.50@3.50; stockers and feeders. $4.50@5.80. Hogs-Receipts 2.600: 10c higher: , top. $7.25: bulk. $6.65@7.20. c Sheep-Receipts 1,500: strong; lambs. $9.75@10.25: ewes, $3.75@4.00; feeder . lambs, $8.75@9.50. : KANSAS CITY LIVESTOCK Kansas City. Jan. 3.-(U. S. Bureau of Markets)-Cattle-Receipts 9,600: all classes around steady: undertone e weak on beef steers and she stock: medium weights steady. $8.00: others. , $5.40@7.60: better grades cows. $4.50 1 5.00: common and medium mostly $3.75 I @4.25: bulk good canners, $2.50 d bulls. $3.25@4.00: top vealers. $9.00; most S packers. $4.25@6.00; good light feeders, $6.50. y Hogs-Receipts 8.000: shippers buys ing 140 to 220 pound hogs: steady with f yesterday's shipper market: $7.35 paid : for 160 to 175 pound r 7.15 for 190 to 210 pound weights: weights: $6.85 oth. ers to packers 10 to 15c higher than S yesterday's average: packer market: # best kind to packers. of sales. $6.50@7.25: $6.80@6.85: $7.35: bulk top, packing s sows and pigs low and weak. : Sheep-Receipts 5,000: sheep steady: d 106 pound shorn wethers. $5.50: lambs : strong to 15c higher: fed westerns, n $11.25. FINANCIAL QUOTATIONS New York, Jan. 3.-Call money strong: high. 51/2 per cent: low. 6 per cent: ruling rate 516 per cent: closing -

2. January 7, 1922 Chicago Eagle Chicago, IL
Article from Chicago Eagle, January 7, 1922

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Article Text

Domestic C. O. Boyd, treasurer of the Columbia theater at Chicago, reported to the police that he was held up in his office by two men, who forced him to open a safe and give them more than $2.000. * * * The Goodrich Brothers' Banking company at Fairbury, Neb., an old and established firm, has been closed and application will be made for appointment of a receiver. * * * Donald and Alex Deleet, fifteen and seventeen years old, sons of Albert Deleet, farmer, were drowned while skating on the Menominee river near Marinette, Wis. * * * Citizens of Mountain county have asked state troops to prevent the outbreak of a general feudist war. Many persons are leaving their homes in terror, says a Lexington (Ky.) dispatch. * Herman Dienhold, seventy-two years old, known as a hermit in the eastern section of Baltimore, Md., was found frozen to. death in his dilapidated home. In a pocket police found $150.80. * * Alfred Henry Gehls, twenty-six, a chief petty officer of the navy, is dead aboard the U. S. S. Idaho at San Pedro, Cal., following a quarrel with a shipmate in which Oehls was struck over the head with a marlin spike. Captain Amory and Lieut. Louis C. Davis of the Fifteenth coast artillery were killed instantly when their automobile left the narrow Benquet road near Baguio, Philippine Islands, and went over a precipice. Theft of more than $1,000,000 in supplies from the army base in Brooklyn was believed to be cleared up by the arrest of three men for stealing $10,000 worth of shirts. Among the missing items are 3,000,000 safety razor blades. The navy's first casualty of 1922 was Chief Machinist's Mate Donald McDonald of Newport, R. I., washed overboard from the mine sweeper Quail off Montauk Point. By a majority of 5,50€ St. Paul Minn., voters decided to retain the com mission form of government. A new charter providing return to the mayor and council plan was defeated. F. Price Murphy, a manufacturing jeweler, committed suicide at Des Moines, Ia., by drinking poison. Four robbers shot and killed the as sistant cashier and a clerk of the Firs National bank at Pearl River, N. Y. and escaped in an automobile afte wounding a railroad guard.

3. January 11, 1922 Grant County Herald Lancaster, WI
Article from Grant County Herald, January 11, 1922

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Article Text

Domestic Mrs. Elizabeth Tyler of Atlanta, Ga., has announced her resignation as assistant to E. Y. Clarke, imperial kieagle and head of the propaganda department of the Ku Klux Klan. * Announcement was made at Lima, O., that the Ohio steel foundry plant will open January 15. giving employment to more than 500 workers. * The bodies of W. F. Dickinson, a prominent Sioux City (Ia.) undertaker, and a woman named Anna Giddings were found in a stalled automobile. C.O. Boyd, treasurer of the Columbia theater at Chicago, reported to the police that he was held up in his office by two men, who forced him to open a safe and give them more than $2,000. The Goodrich Brothers' Banking company at Fairbury, Neb., an old and established firm, has been closed and application will be made for appointment of a receiver. * Deputy Sheriff W. G. McCallum of Swartz and P. D. Heflin, his brotherin-law, fought a duel with shotguns near Monroe, La., McCallum was killed. The coroner's jury returned a verdict of justifiable homicide. * * * Fire of unknown origin at Centerville, Ia., destroyed the George Steele garage and 56 automobiles. Not a car was saved. The loss is estimated at $150,000. Two bodies were slightly damaged. A law prohibiting moving-pieture shows on Sundays was adopted at Palmyra, Mo. Floyd Roy, sixteen years old, high school student, was suffocated in a fire which destroyed J. H. Matthew's home at Cedar Rapids, Iowa. *

4. January 17, 1922 The Adair County News Columbia, KY
Article from The Adair County News, January 17, 1922

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Article Text

Domestic Mrs. Elizabeth Tyler of Atlanta, Ga., has announced her resignation as assistant to E. Y. Clarke, imperial kleagle and head of the propaganda department of the Ku Klux Klan. Announcement was made at Lima, O., that the Ohio steel foundry plant will open January 15, giving employment to more than 500 workers. The bodies of W. F. Dickinson, a prominent Sloux City (Ia.) undertaker, and a woman named Anna Giddings were found in a stalled automobile. C.O. Boyd, treasurer of the Columbia theater at Chicago, reported to the police that he was held up in his office by two men, who forced him to open a safe and give them more than $2,000. The Goodrich Brothers' Banking company at Fairbury, Neb., an old and established firm, has been closed and application will be made for appointment of a receiver. Deputy Sheriff W. G. McCallum of Swartz and P. D. Heflin, his brotherin-law, fought a duel with shotguns near Monroe, La., McCallum was killed. The coroner's jury returned a verdict of justifiable homicide. Fire of unknown origin at Centerville, Ia., destroyed the George Steele garage and 56 automobiles. Not a car was saved. The loss is estimated at $150,000. Two bodies were slightly damaged. A law prohibiting moving-picture shows on Sundays was adopted at Palmyra, Mo. Floyd Roy, sixteen years old, high school student, was suffocated In a fire which destroyed J. H. Matthew's home at Cedar Rapids, Iowa.

5. November 19, 1924 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, November 19, 1924

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Article Text

REFUND TO STATE BANKS MORE THAN $238,000 GOES TO GUARANTY FUND. Each Bank to Receive Its Proportionate Share of Its Contribution to the Payment of Depositors. The state banking department, under K. C. Knudson, secretary, is figuring on refund checks to the guaranty fund from eight different receiverships, and a total amount of $238,716 will be mailed to all the state banks within a few days, each bank to receive its proportionate share of what it contributed to the guaranty fund which paid the deposits of these failed banks. A receiver for the Goodrich Bros. Banking company of Fairbury was appointed January 3, 1922, and will now refund 69 3-4 per cent from the total draft drawn on the depositors guaranty fund, which amounted to $50,035.28. This receivership is now being closed and this is the final refund from this receivership to the guaranty fund. A 10 per cent refund will be made from the Pioneer State bank of Omaha, for which a receiver was appointed June 6, 1921, and a draft upon the guaranty fund was made to the amount of $300,761.16. A previous refund of 20 per cent has been made to the banks from this receivership. This receivership is not closed and an additional refund will be made when all the assets are liquidated. A receiver for the State Bank of Waterloo was appointed July 26, 1922, and a draft to the amount of $69,251.53 was drawn upon the guaranty fund, and at this time a refund of 20 per cent will be made. The First State bank of Hemingford, receiver appointed September 19, 1922, and a draft on the guaranty fund was drawn to the amount of $205,380.88, and a refund of 15 per cent is now being made. The Homer State bank receiver was appointed February 17, 1922. The American State bank of Lincoln, receiver appointed July 16, 1921; Newcastle State bank, receiver appointed May 2, 1922; Shelton State bank, receiver appointed July 20, 1922, and a refund will be made from these latter named banks as soon as the receiver or the guarantee fund commission obtains court orders authorizing these refunds.

6. November 26, 1924 The Phonograph St. Paul, NE
Article from The Phonograph, November 26, 1924

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Article Text

BANKING DEPARTMENT MAKES GOOD SHOWING The state banking department, under K. C. Knudsen, secretary, is figuring on refund checks to the guaranty fund from eight different receiverships, and a total amount of $238,716 will be mailed to all the state banks within a few days, each bank to receive its proportionate share of what it contributed to the guaranty fund which paid the deposits of these failed banks. A receiver for the Goodrich Bros. Banking company of Fairbury was appointed January 3, 1922, and will now refund 69 3-4 per cent from the total draft drawn on the depositors guaranty fund, which amounted to $50,035.28. This receivership is now being closed and this is the final refund from receivership to the guaranty fund. A 10 per cent refund will be made from the Pioneer State Bank of Omaha, for which a receiver was appointed June 6, 1921, and a draft upon the guaranty fund was made to the amount of $300,716.16. A previous refund of 20 per cent has been made to the banks from this receivership. This receivership is not closed and an additional refund will be made when all the assests are liquidated. A receiver for the State Bank of Waterloo was appointed July 26, 1922, and a draft to the amount of $69,251.53 was drawn upon the guaranty fund and at this time a refund of 20 per cent will be made. The First State Bank of Hemingford, receiver appointed September 19, 1922, and a draft on the guaranty fund was drawn to the amount of $205,380.88, and a refund of 15 per cent is now being made. The Homer State Bank receiver was appointed February 17, 1922. The American State bank of Lincoln, receiver appointed July 16, 1922; Newcastle State bank, receiver appointed May 2, 1922; Shelton State bank, receiver appointed July 20, 1922, and a refund will be made from these latter named banks as soon as the receiver or guarantee fund commission obtains court orders authorizing these refunds.—State Journal.