Meisners Bank (Shelton, NE)

Episode Information

Episode UID
76026071533
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7602607 routing
Routing Number
76-0260
Start Date
September 1, 1927*
Location
Shelton, Nebraska (40.779, -98.731)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5cf7bd4efb38ea52

Response Measures

None

Description

Articles consistently describe the institution as a failed/closed state bank under receivership; dates vary (Sept 1927 vs. 1928).

Events (4)
1. September 1, 1927* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure leading to closure and appointment of a receiver; deposits being liquidated and dividends paid to depositors.
Newspaper Excerpt
Meisner State bank, which failed here in September, 1927
Source
newspapers
2. February 15, 1929 Other
Newspaper Excerpt
Petitions signed by upwards of 200 local depositors in the Meisner State bank, which failed here in September, 1927, requesting a thorough investigation of the guaranty fund. Local depositors have received two dividends ... one of 36 per cent and one of 12 per cent.
Source
newspapers
3. February 16, 1931 Other
Newspaper Excerpt
Shelton Bank Depositors Pick Dalton Plan. 225 of the Meisner State bank which failed here in 1928 ... Clarence G. Bliss, bank receiver, was present and outlined various plans
Source
newspapers
4. February 19, 1931 Other
Newspaper Excerpt
A meeting of the depositors of the failed Meisner bank was held at Shelton Saturday night and was attended by about 225 depositors. Clarence G. Bliss, state bank receiver, was present and explained various plans for settling the affairs of the old bank.
Source
newspapers

Newspaper Articles (5)
1. February 15, 1929 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, February 15, 1929

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Article Text

200 BANK DEPOSITORS ASK LEGISLATIVE AUDIT Shelton Residents Have Received Two Dividends from Failed Institution. WANT ASSURANCES Special Dispatch to The World Herald Shelton, Neb., Feb. Petitions signed by upwards of 200 local depositors in the Meisner State bank, which failed here in September, 1927, requesting a thor ough investigation of the guaranty fund, have been forwarded to Senator Kenneth Wherry, governor Weaver. Senator John Bowman and Representative F. A. Mueller The petition avers that depositors want assurance that the local bank and other failed institutions have been operated in the best interests of the depositors. The last statement of the Mesiner bank before the institution was taken over by the commission showed deposits of more than 660 thousand dollars. Local depositors have received two dividends, one of 36 per cent and one of 12 per cent. Depositors are planning to hold a meeting here Saturday night, February 16, to organize for an in vestigation of settlements which have been made in closing the bank's affairs.

2. February 21, 1929 Lexington Clipper-Herald Lexington, NE
Article from Lexington Clipper-Herald, February 21, 1929

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Article Text

Depositors Sue Bank Examiner Depositors of the defunct Frontier County Bank at Stockville have filed suit for more than $33,000.00 against Hesebeck, state bank examiner, and his bonding and hearing was held company, last week on demurrer the suit by District Judge Eldred McCook. No ruling was made that time. One of the grounds of demurrer that the plaintiffs had no right and that if any claim existed was in favor of the bank and must be sued upon either by the bank or the guaranty fund commission. The plaintiffs claim that because of negligence of the examiner not discovering the condition of the bank, they and other depositors sustained damages. Pump Irrigation Gets Big Yields Delmar Anderson, Lexington, in irrigation pump at cost of irrigated 250 acres of on old alfalfa ground last and yielded 45 bushels per year If had not have been aged by hail, estimated have made 70 bushels His acre. neighbors, on same kind land but without water raised an age of 15 bushels an acre. little arithmetic will show the simple of his five thousand earnings dollars worth and ditches pump have been 8,250 bushels of Beet Prices Same Last Year Sugar beet contracts for, the Colorado district which extends far east Kimball, are the same as that of last year, guaranteeing farmers minimum initial payment of per ton and for additional payments ranted by the final net price realized for the sugar. Shelton Ask Investigation of Banks Petitions signed by upwards of 200 depositors the failed Meisner State bank of Shelton has been forwarded to Governor Weaver Lincoln, thorough of the failed banks vestigation Nebraska. Local men who have been circulating the petitions stated that they would have several hundred and would send of it to the members of the copies legislature well the governor. Large Beet Tonage at Shelton The Shelton academy farm, last raised five acres of beets that tons per The price paid the beets was $6.50 ton and the land netted not including the water acre, and labor. The American Beet of Grand Island Sugar company stated that this was the largest NINTH IS FOR IRRIGATION RIGHT Elmcreek Irrigation Project Beginning To Take Form Last Meeting meeting was held at the Farmand Merchants bank Wednesday evening of those interested in the irrigation project. Cheerfulmarked the meeting but it stressed that time now is vital and deadline on March was set for signatures to contracts if water be obtained this year. None voiced the opinion that the project hopeless and the work will not stop, all being confident that water will ultimately be obtained. will take some time for ganization the requisite signatures made. Ten days notice required before the meeting for organization, then contracts for the work must be made. good many things must be looked after before water will flow down the ditch. Fred Pinnell was appointed to devote his time to the solicitation of contracts and he is ready to go. He will be in his office, he states, on Wednesday and Saturday evenings when he will be pleased interested people and he invites questions. ought to be easy for this community to get this project through, matter that so vital to our prosperity. Mr. Warner, representing Mr. Stuckey of Lexington, was Elmcreek Wednesday. Mr. Stuckey interested in this project and wants to see succeed. Mr. Warner states that this year vital for irrigation projects in Nebraska, because Wyoming harping on the idea of preventing their water from leaving their state. He thinks they will succeed. Priorities secured before that time will be all right and rigation ventures after that will be of Beacon. Orval Woodward moved his famto Overton last week and are living part of the Art Bird house now occupied by Mr. and Mrs. Cecil Bird. Orval is driving the tank wagon for Art West the Overton Oil Service filling station. Lee Miller returned from an cursion to San Antonio, Texas, Saturday evening. He took party of six from Kearney, and reports some more land reservations. Mrs. Frank Turner of Kearney spent Thursday with her sister, Mrs. Lorin Walker. yield on any small acre tract in district. Sutton&Son Sold Elmcreek Garage Last week "Lige" Trenholm of Buick company at Lincoln, took charge of the Sutton Son Ford garage in Elmcreek. Ad Sutton, junior member of the firm has opened a.Chevrolet agency in Lexington. Cozad Ships of Alfalfa In 1928 the Cozad Local states, there were 2,234 carloads of alfalfa shipped from that station, which an increase of 332 cars over the previous year. Besides this there very extensive feeding in that community last year. This just one feature of the possibility with irrigation in the Platte valley. Robbers Entered Oconto Stores Recently a store at Oconto was broken into quanity of canned goods etc. the same night the garage was entered and number tools were missed. Car Stolen At Cozad Week Thursday Studeago "baker coupe belonging to Carl Faught was stolen from street in Cozad. County officials recovered the car latter the evening. young man who had been working Cozad took the car and rested. The car ran out of gas three miles east of North Platte. Two Cars Stolen In Elmcreek John Wortman's Chevrolet car was stolen Saturday night from the street Elmcreek. He ceived no trace of the machine. He had insurance on the car, which settled Wednesday. Another car, Dodge, was also stolen here Saturday night. It belonged to Lexington man who had just purchased and was in transit. It from the street disappeared was restaurant Beacon. some

3. January 15, 1931 The Nelson Gazette Nelson, NE

Article Text

State News Items of Interest According to statistical reports Ne braska farmers reduced their wheat acreage about a half million acres this year. The newly organized Veterans' of Foreign Wars band, 21 pieces, was awarded the contract for the summer series of concerts at the Fremont city park. The band is led by Phil Nelson. For several years Luther Larson's band has been receiving the contract to furnish Fremont's summer music. The city pays $133.33 for each concert. One Buffalo and one Dawson county bank are among the failed state banks of Nebraska which paid dividends to depositors the past month. The Overton State bank of Overton paid $29,188.77. five per cent; and the Meisner State bank of Shelton, paid $14,844.41, five per cent. A total of $229,792.38 was paid to depositors during December. bringing the total for the year to $7,496,410.35. State Treasurer W. M. Stebbins has certified to State Superintendent C. W. Taylor that there is $496,408.39 in the temporary school fund subject to his distribution. The fund has been derived from the following sources:Interest on bonds. $293,456.17; warehouse licenses, $23; insurance licenses, $15,855; liquor licenses, $502; employment agency licenses, $650; school land interest, $18,454.35 and school land lease, $167,467.87. Word has been received from Congressman Robert Simmons to the effect that approximately $25,000 is available for an addition to the Kearney postoffice building. It will permit enlarging the work rooms. an improvement greatly needed. as the force now working the mails is divided, with the rural carriers allotted to the basement. Indications are that work on the extension will begin at an early date. State departments are taking permanent quarters in the capitol tower. The first to move was Adjutant General J. Paul and his staff of the national guard. The guard and regular army instructors are to have the eleventh floor. The state headquarters of the American Legion, the auxillary, and the relief department, will have the twelfth floor, and the Grand Army headquarters will share the thirteenth floor with the SpanishAmerican war veterans. A lost check for $2,787.89 Richardson county's part of the July gas tax collections in the the background of action started between the county and the state. County officers took steps to obtain the money by requesting of Attorney General C. A. Sorensen what procedure to take against the state. Bonding companies have declined to write an indemnity bond because of the ease with which state warrant can be cashed, County Treasurer O. O. Marsh of Richardson county explains. Clarence G. Bliss, secretary of the state department of commerce said he had sent sight drafts to each of the 582 state banks in Nebraska, calling upon them to pay the first installment of two-tenths of one percent levy on the average daily deposits for the year 1930. The money will go into the depositors' final settlement fund which replaces the repealed guaranty fund. Mr. Bliss said he would not be able to tell for a time whether banks will ment pending decision by the United States supreme court on the guaranty fund case appealed by the banks. The Farmers State bank, of Primrose, Boone county, discontinued bank operations. It was announced that the bank was closed to effect orderly 11quidation and in order to pay all depositors in full. Depositors of the institution will hold meeting this month and efforts will be made to adopt plan similar to the one worked out by stockholders and depositors at Walton. The bank has capital stock of $17,500 and its deposits were in excess of $60,000. Rachel Gray Kinner is president; A. F. Kopechy, cashier, and N. J. White, vice president. The plan for reorganization contemplates signing of a waiver agreement by the depositors, fixing schedule of dates of payment to depositors and in consideration of such schedule the stockholders will agree ultimately to pay in full all depositors and unsecured creditors. According to census reports Nobraska has 486,107 persons living in towns, and 891,956 living on farm Lease of the York Hagood air field by the Ploneer Aircraft company of Omaha, has been announced. Frank J. Grace is president of the Ploneer company. equipment of the field will be taken over by the new lessee and more equipment may he added if business warrants, it was announced. Instruction, transportation and aircraft sales will be conducted by the Pieneer company. Low sugar content of the beets and record crop will extend the factory run at the Grand Island sugar factory at Grand Island until the middle of February. A total run of 140 days is in prospect, Manager A. J. Denman has announced. This will be the long. est run In the history of the Grand Island factory. Usual runs are from 90 to 100 days. Since the opening day of the factory in September, age of 760 tons of Leets has been aliced every day, Beets have an average sugar content of 13 per cent this year, Denman said.

4. February 16, 1931 Lincoln Journal Star Lincoln, NE

Article Text

VOTE TO REORGANIZE Shelton Bank Depositors Pick Dalton Plan. 225 of the Meisner State bank which failed here in 1928 continuing collections under the receivership sale of maining to the highest cash bidder, or adoption of the Dalton winding up affairs. By latter plan all depositors sign their claims to committee three trustees who are empowered to settle affairs of the institution. Clarence G. Bliss, bank receiver, was present and outlined various plans, explaining in detail how each then asked the depositors to come their own decision. After considerable discussion it was voted to adopt the Dalton plan and committee comof Max George and Bills was named as trustees. the time the Meisner bank failed three years ago had deposits Depositors their received claims. about 60 percent of

5. February 19, 1931 The Gibbon Reporter Gibbon, NE

Article Text

Resign From Depositors' Committee Messrs. Marshall Ross, Lindsay, Otis Randall and Johnson, of the depositors' committee of the old Exchange Bank resigned their jobs this week and named as their successors James Rogers, John Nutter Marshall and W. E. Gamble. The members of the committee have been very agreeable to each other and while of course there have been differences of opinion on some points, the sessions of the committee have been very harmonious, and each has acted conscientiously and for the interests of the depositors of the best of his ability. At the same time the borrowers' condition has been carefully considered and they have been extended many favors. Mr. Ross absent from Gibbon much of the time and the other three members who resigned have business interests which they have neglected until seemed that they could no longer do For almost fourteen months the members of the committee have been on the job and they have during that time spent many days. and none of them have received single penny for their services. was purely patriotic duty, cheerfully performed, and while some people cannot seem to believe possible that bunch of men would devote their time to the detriment of their own business without any compensation whatever, the fact remains that the members of this committee have done Leas remains on the job trustee in charge of settlements and he will be ably assisted by the new members, all of whom are substantial citizens and men of good judgement. They should have and undoubtedly will have the cooperation of all persons interested. Want To Reorganize Meisner Bank A meeting of the depositors of the failed Meisner bank was held at Shelton Saturday night and was tended by about 225 depositors. Clarence G. Bliss, state bank ceiver, was present and explained various plans for settling the affairs of the old bank. The reorganization By this plan the plan was adopted. depositors sign over their claims three trustees who thus given to settle the bank's affairs. power This action takes the matter out of the hands of the receiver. Since the bank was closed in 1928, the depositors have received dividends of little more than sixty per cent, which is better than most failed banks have paid. A. Bills, George Mortimer and Max Schiemann were appointed act trustees. Farm Bureau Annual Meeting The annual meeting of the Buffalo County Farm held at the Fort Kearney hotel last Thursday when banquet was given in nection with the session. Mrs. Howard Mercer presided the banquet and was in charge of the excellent program given. Luther Burt gave two very meritorious vocal selections, and Mrs. Marshall Ross gave report of the recent meetings of Organized Agriculture at Lincoln. Fred Wallace was elected as president for the coming year; Mrs. O. Williams was re-elected as vice president; Milton Webb of Odessa, secretary and Ludwig Johnson, treasurer. Directors named were Mrs. Howard Mercer, Gibbon; Fred Knobel Odessa; and Allen Cook, Lowell. American Legion Auxiliary The American Legion Auxiliary met at the home of the president, Mrs. Gladys Wilcox Friday afternoon, with very good February tendance. Mesdames Jones, Frink and Wilcox gave very interesting of the sixth annual district report convention held at Broken Bow, Jan. which they attended. A quilt 30, is be used for rehabilitation which to The assistant hostesses work Mercer and Mrs. Smith. were Mrs. The next meeting will be with Mrs. McLaren. Golf Bridge Party The third of the series of bridge the ladies of the parties given by Gibbon Golf Club the Walker Hotel Monday evening was another successful affair. Over one hundred were including number from present, Shelton and Kearney. Refreshments consisting of apple alamode and coffee were served and the evening was very enjoyable one all. lot of troubles could be our settled by allowing none but easily capable people to mix into politics. Fifth Annual Irrigation School To be held at Gibbon, Thursday, March 1931. Leo Wyman acting chairman. The corn show exhibits to consist of ten ears of white or ten of yellow and single ears of any color. Prizes paid by Gibbon business men. Ten ear exhibits, first, second, $3.00 and third, $2.00. For single ears; first second, and third, $1.00. Exhibits to be in by six o'clock March 4th. Judging corn H. Stewart from College of Agriculture experience raising in the Platte Nutter, Shelton. 10:30 State results of ten-acre corn yield H. Stewart, Lincoln. Thirty years pioneering in Sides, Lowell. Cafeteria lunch in charge of church ladies. 1:15 Irrigation exhibit at the county Thornton, Kearney. Watering alfalfa with pumps. Burt, Gibbon. facts on water pump Lewis, Gibbon. 2:05 Kansas pump irrigation facts applied to Knapp, Irrigation Commissioner, Topeka, Kansas. Profitable machinery for gated Wood, Lincoln. Red Cross Donations Buffalo county citizens have contributed more than one thousand dollars to the Red Cross for the benefit of the drouth sufferers of the southern states. In addition to the carload of Gibbon flour, which was bought with Red Cross donations, carload of alfalfa hay was donated shipped from Odessa, and of foodstuffs car was shipped from Ravenna. The following were the subscriptions received and forwarded by this office: Gibbon Reporter $5.00 Patterson 5.00 Rev. Pitman 1.00 Earl Graves 2.00 Covert 1.00 2.00 1.00 Buck and family 10.00 Chan E. Mercer 2.00 Total $29.00 Eighth Birthday Party Miss Darlene Ashburn, assisted her sister, Eureka Huss, entertained fourteen of her girl friends at her home Monday. The party in honor of Darlene's 8th birthday and the home and refreshments were trimmed in Valentine style. Darlene received many beautiful gifts.