Neligh State Bank (Neligh, NE)

Episode Information

Episode UID
76017971558
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
7601797 routing
Routing Number
76-0179
Start Date
October 19, 1929
Location
Neligh, Nebraska (42.129, -98.030)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7105fcc41bdf9552

Response Measures

None

Events (3)

1. October 19, 1929 Run
Cause
Bank Specific Adverse Info
Cause Details
Newspaper references an alleged matter that precipitated a run; context implies bank-specific troubles led depositors to withdraw.
Newspaper Excerpt
Conference Fails to Shed Light Alleged Which Caused Run.
Source
newspapers
2. October 19, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed (suspended payments) following the run and ensuing troubles; later legal actions and a receiver are mentioned.
Newspaper Excerpt
institution which closed Saturday
Source
newspapers
3. January 11, 1932 Receivership
Newspaper Excerpt
IN THE DISTRICT COURT OF ANTELOPE Clarence Eliss, Receiver, Neligh Tank, Neligh, Nebraska, Plaintiff, Versus Pagel, Defendants. TO SWEITZER, DEFENDANT You hereby notified that the 11th day January, Luikart, Receiver the Neligh State Bank of Neligh, Nebraska, filed his amended petition ... LUIKART, Receiver of the Neligh State Neligh, Plaintiff, By RADKE. BARLOW NYE, RICE. His (1st pub.)
Source
newspapers

Newspaper Articles (2)

Article from Omaha World-Herald, October 22, 1929

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Article Text

STATE AWAITS DECISION ON NELIGH BANK ACTION Conference Fails to Shed Light Alleged Which Caused Run. Lincoln. Oct. Van examiner, banking officials charge, decision Neligh concerning contemplated officers stockholders the telope State bank in institution which closed Saturday, conference Ray the bank, Bliss the of trade failed develop new alleged to have precipitated the bank, lated today, had paid 10 year since for funds from when Neligh one bank, the Security


Article Text

Having with Bank System That other states are serious troubles banking systems shown by the following story from the Boston Daily Rec January 18, sent to the News Gid Auringer: FEES EATING DEPOSITS group once powerful high officials closed state timorous quaking in fear of what they the banded together in an attempt to protect their erstfrom an alleged talent racket," the Daily Record learned yesterday. "Millions depositors' dollars involved, one of the group declared. Denouncing the present method liquidating closed banks which do come under federal control, and that approximately of frozen assets are being liquidated in closed banks alone, prominent banker said: chapter to be added that written when five banks liquidated some years perhaps the most shameful pages the book of Massachusetts jurisprudence.' Talent legal talent racket works,' told the Daily Record, "only in of state banks. banks are liquidated by the the currency, and the federal government has right be proud of the thorough, honest, cooperative its agents in the banks which difficulties here he poor fellows who are connected with state banks are certainly against The bank up am associated with solvent this minute, we don't dare make an effort to have reopened. for our bank reopened, lot of fancy fees lawyers and liquidating agents automatically cease. And take my word for these fees alone will cost the positors least million dollars. possible, than consideration the fact that have to stand by while group of influential lawyers who know ab solutely about disposing of the assets and deposits in whatever fashion their inexperience dictates. as high day for their services liquidating agents, said. agents of state banks should in the employ of the state, as is case with banks, banker stated. Then the depreciation of assets would comparatively inconsid- Dewey Hughes and Allan Wednesday for trip to ha. Mrs. Rose Jenung visited at the Byerly home the latter part of last week. Mr and Mrs. W. Rouse of Orchard were Neligh business visitMonday. Dr. Gertrude Farnsworth of Royvisitor Wednesday at the Frank Byerly home. Mr. and Mrs. Lloyd Bearinger of Orchard visited Wednesday at the Bailey home. IN THE DISTRICT COURT OF ANTELOPE Clarence Eliss, Receiver, Neligh Tank, Neligh, Nebraska, Plaintiff, Versus Pagel, Defendants. TO SWEITZER, FENDANT You hereby notified that the 11th day January, Luikart, Receiver the Neligh State Bank of Neligh, Nebraska, filed his amended petition Court Antelope County. Nebraska, the above titled object of which among things, to recover from the defendant Nelson the sum of for and account of his constitutionstockholders liability stockholder Neligh State Bank, which liability tractual in nature: the said Nelson Sweitzer being nonresident of the State of Nebraska and being now absent therefrom, and possessed of Anteproperty lope County which subject to that on the 22nd day of January, Charles Stewthe District Court of Antelope County, Nebrasallowed an the property of the said Nelson Sweitzer the $3658.00 costs and ordered that service process had upon said Nelson Sweitzer by publication all provided by that the on 26th day of January, 1932, attachment issued and levied Lot in the City Neligh, together with the two-story brick building and one-story brick building all of which the property of the defendant son and situated Antelope County, Nebraska. You are required to answer said petition on before the 14th day of March, 1932. LUIKART, Receiver of the Neligh State Neligh, Plaintiff, By RADKE. BARLOW NYE, RICE. His (1st pub. NOTICE OF TAX CASE NO. 6445 Notice given telope County, Nebraska, as plainhas filed its petition in the Court Antelope County, against: Hans Michaelson and Michaelson, husband and in Block 39, in the City of County, Nebrasand recordSchool Number district duly organized and existing under and virtue of the State of Lots and in Block 59, also all of Block all in the City of Neligh, Antelope County, surveyed. platted and recorded: Hannah Richard M. Williams, wife and husband. also Lots and Block 120, in the City of Neligh, Antelope County, as veyed, platted and Jackson and Anita Jackson, husband and wife, also Lot Block the of Neligh, Antelope County, surveyed, platted and recorded: AdelGriffith and husband and Milliken and Agusta husband and wife, also Lots and 16 feet adjoining onto Block in the City of Neligh, Antelope County, Nebraska, surveyed, platted and recorded, Defendants. That the object prayer said petition, which accordwith the resolution adopted day October, 1931, Board of County County, Nebraska, for strict all tax liens Block Lots and Block 59, all block Lots and in Block 12 Block 75, and Lots and 16 feet adjoining Block all the Neligh, Antelope County, Nebraska, as surveyed, platted, and recorded. That several parcels of real herein described, subject for the state, school district, county, city and municipal purposes, for the several years enumerated the petition and the exhibits thereand reference, made part thereof. that unless the paid you, any you, that decree will entered in this court, foreclosing and forever baryou and each of you of any and all claims upon, interest or liens upon or equity redemption in to said herein described estate, and that the same, much as will necessatisfy plaintiff's lien, toall costs, will sold with the law, and for such other and further relief equity and the Court may deem just and equitable. You. and each of you, are hereby notified that you are required to answer said petition or before the 21st day of March, 1932. THE COUNTY OF ANTELOPE, By ELVEN Jan. last