Brown County Bank (Long Pine, NE)

Episode Information

Episode UID
76032271499
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7603227 routing
Routing Number
76-0322
Start Date
November 21, 1924
Location
Long Pine, Nebraska (42.536, -99.701)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7a9f1ee3b265fd37

Response Measures

None

Description

Articles state the bank was already 'closed' when reporting the court judgment; no run is described.

Events (1)
1. November 21, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank lacked funds to pay Omaha bank and was already closed; insolvency/ inability to meet obligations implied.
Newspaper Excerpt
the certificate of deposit it holds in the closed Brown County bank of Long Pine.
Source
newspapers

Newspaper Articles (9)
1. November 28, 1924 The South Sioux City Mail South Sioux City, NE
Article from The South Sioux City Mail, November 28, 1924

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Article Text

OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.— (Special) —The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $23,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

2. December 4, 1924 The Frontier O'Neill, NE
Article from The Frontier, December 4, 1924

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Article Text

LINCOLN SELLS 13-CENT GAS Governor Bryan First City Customer—Other Dealers Two Cents Higher Lincoln, Neb., Nov. 21. (Special)—City Commissioner Cowgill, without waiting for the council to give him authority to do so, started selling gasoline at retail from the city's own supply station. Governor Bryan was the first customer, and reporters and a photographer were present. The station is selling at 13 cents, the same as the state, while other dealers are asking 15 1-4 cents. Mr. Cowgill says this is a quarter of a cent more than they should ask, and that he started selling because of this fact. The city attorney says that Cowgill is acting without authority. The voters at the late election gave the city power to go into the retail selling of gasoline, but the council has not acted. Mr. Cowgill has had an ordinance drawn for early presentation giving him power to do what he has already done. OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.—(Special)—The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $23,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. Which the Omaha bank found it out it demanded the payment but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

3. December 4, 1924 North Nebraska Eagle Dakota City, NE
Article from North Nebraska Eagle, December 4, 1924

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Article Text

LINCOLN SELLS 13-CENT GAS Governor Bryan First City Customer—Other Dealers Two Cents Higher Lincoln, Neb., Nov. 4. (Special)—City Commissioner Cowgill, without waiting for the council to give him authority to do so, started selling gasoline at retail from the city's own supply station. Governor Bryan was the first customer, and reporters and a photographer were present. The station is selling at 13 cents, the same as the state, while other dealers are asking 15 1-4 cents. Mr. Cowgill says this is a quarter of a cent more than they should ask, and that he started selling because of this fact. The city attorney says that Cowgill is acting without authority. The voters at the late election gave the city power to go into the retail selling of gasoline, but the council has not acted. Mr. Cowgill has had an ordinance drawn for early presentation giving him power to do what he has already done. OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 4. (Special)—The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $33,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

4. December 4, 1924 Dixon County Advocate Ponca, NE
Article from Dixon County Advocate, December 4, 1924

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Article Text

LINCOLN SELLS 13-CENT GAS Governor Bryan First City Customer—Other Dealers Two Cents Higher Lincoln, Neb., Nov. 21. (Special)—City Commissioner Cowgill, without waiting for the council to give him authority to do so, started selling gasoline at retail from the city's own supply station. Governor Bryan was the first customer, and reporters and a photographer were present. The station is selling at 13 cents, the same as the state, while other dealers are asking 15 1-4 cents. Mr. Cowgill says this is a quarter of a cent more than they should ask, and that he started selling because of this fact. The city attorney says that Cowgill is acting without authority. The voters at the late election gave the city power to go into the retail selling of gasoline, but the council has not acted. Mr. Cowgill has had an ordinance drawn for early presentation giving him power to do what he has already done. OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.—(Special)—The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $33,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

5. December 4, 1924 Winnebago Chieftain Winnebago, NE
Article from Winnebago Chieftain, December 4, 1924

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Article Text

LINCOLN SELLS 13-CENT GAS Governor Bryan First City Customer—Other Dealers Two Cents Higher Lincoln, Neb., Nov. 21. (Special)—City Commissioner Cowgill, without waiting for the council to give him authority to do so, started selling gasoline at retail from the city's own supply station. Governor Bryan was the first customer, and reporters and a photographer were present. The station is selling at 13 cents, the same as the state, while other dealers are asking 15 1-4 cents. Mr. Cowgill says this is a quarter of a cent more than they should ask, and that he started selling because of this fact. The city attorney says that Cowgill is acting without authority. The voters at the late election gave the city power to go into the retail selling of gasoline but the council has not acted. Mr. Cowgill has had an ordinance drawn for early presentation giving him power to do what he has already done. OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.—(Special)—The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $33,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

6. December 4, 1924 Winside Tribune Winside, NE
Article from Winside Tribune, December 4, 1924

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Article Text

LINCOLN SELLS 13-CENT GAS Governor Bryan First City Customer—Other Dealers Two Cents Higher Lincoln, Neb., Nov. 21. (Special)—City Commissioner Cowgill, without waiting for the council to give him authority to do so, started selling gasoline at retail from the city's own supply station. Governor Bryan was the first customer, and reporters and a photographer were present. The station is selling at 13 cents, the same as the state, while other dealers are asking 15 1-4 cents. Mr. Cowgill says this is a quarter of a cent more than they should ask, and that he started selling because of this fact. The city attorney says that Cowgill is acting without authority. The voters at the late election gave the city power to go into the retail selling of gasoline, but the council has not acted. Mr. Cowgill has had an ordinance drawn for early presentation giving him power to do what he has already done. OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.—(Special)—The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $33,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

7. December 5, 1924 The Pender Republic Pender, NE
Article from The Pender Republic, December 5, 1924

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Article Text

LINCOLN SELLS 13-CENT GAS Governor Bryan First City Customer—Other Dealers Two Cents Higher Lincoln, Neb., Nov. 21. (Special)—City Commissioner Cowgill, without waiting for the council to give him authority to do so, started selling gasoline at retail from the city's own supply station. Governor Bryan was the first customer, and reporters and a photographer were present. The station is selling at 13 cents, the same as the state, while other dealers are asking 15 1-4 cents. Mr. Cowgill says this is a quarter of a cent more than they should ask, and that he started selling because of this fact. The city attorney says that Cowgill is acting without authority. The voters at the late election gave the city power to go into the retail selling of gasoline, but the council has not acted. Mr. Cowgill has had an ordinance drawn for early presentation giving him power to do what he has already done. OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.—(Special)—The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $22,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

8. December 5, 1924 The Orchard News Orchard, NE
Article from The Orchard News, December 5, 1924

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Article Text

OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.— (Special) —The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $33,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.

9. December 5, 1924 The Oakdale Sentinel Oakdale, NE
Article from The Oakdale Sentinel, December 5, 1924

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Article Text

OMAHA BANK GIVEN JUDGMENT FOR $7,400 Lincoln, Neb., Nov. 21.— (Special) —The Stock Yards National bank of Omaha was given judgment by the supreme court today against the guaranty fund for $7,400 on a certificate of deposit it holds in the closed Brown County bank of Long Pine. This certificate was issued to square a transaction between the two banks. The Omaha bank had bought a $33,000 cattle mortgage from the other bank, signed by E. M. Sandy. The latter, with the knowledge of the Long Pine bank, but without notice to the Omaha bank, sold $7,400 worth of the cattle. The proceeds went to his credit in the Long Pine bank. When the Omaha bank found it out it demanded the payment, but the Brown County bank didn't have the money and so gave a certificate of deposit. The supreme court says this was the same as money deposited, overturning the district court.