Overton State Bank (Overton, NE)

Episode Information

Episode UID
76039971572
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7603997 routing
Routing Number
76-0399
Start Date
December 1, 1930*
Location
Overton, Nebraska (40.739, -99.538)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
268e37086f532852

Response Measures

None

Description

Articles state the bank as one of the 'failed state banks' paying depositor dividends; exact failure date and receiver appointment not given.

Events (3)

1. December 1, 1930* Other
Newspaper Excerpt
The Overton State bank of Overton paid $29,188.77, five per cent; (dividend paid to depositors).
Source
newspapers
2. * Receivership
Newspaper Excerpt
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;
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Described as a 'failed state bank' implying closure and state/receiver intervention rather than a depositor run.
Newspaper Excerpt
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;
Source
newspapers

Newspaper Articles (2)

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.


Article Text

braska Capital In an effort to cut state salaries thus reduce the state, Senator Perry Reed veteran republican leader the circulating petitions for which approved by the in November, effect drastic euts state official salaries. Mr. Reed that reductions the salaries elective officials will result cutting salaries through all partments effecting general posed by follows: from $7500 state from from $5000 $3000; board of judges from $7500 $5000; judges from $5000 to $3500 and $800 $700 While would already office they for those going office January. The must be the hands the secrestate by July Reports the state house large numbers farmers the western the rebel against the payment of the gasoline for farmReports indicate the large being "bootthe The the inity called for special One group farmers asked buy the handle This granted inspection will be been made the state cooperate the the fighting of the against There remains about the fund provided by for purpose insect eradication. The state match county funds, contributing car poison for car chased by the mixture cost felt that efforts northeastern Nebraska fight off the pest be Dakota some effort destroy them and Mrs. Bryan are tripe Nebraska this They only one stop Motor vehicles about fourth their state each year. With the property and license fees, gasoline they produced total last year while the assessed valuThe injunction which preventthe secretary of state, Frank Marsh, from placing truck referendum bill on the ballot November its eighth District Court. Attorneys for the Motor Transport Association are their testimony H. Dickinson the Northrailroad, Beulcher Grand Island and Gene Huse have asked the exhibit world's Chicago next year receive tons the farm board wheat used for feeding poses, before May After that date wheat be distribin the western part the Suit has been filed against the State Engineer allegiation contracts paid for highway work on two roads not designated state highThe involved the demands, returned to the The suit filed Driscoll, payer behalf other taypayers the state. The two projects are NorthDetour Dodge and project in Red Willow county. Impressed with the need of calling special the legislawhether the governor thinks advisable or not, Attorney GenSorensen, mendment call the state constitution which would permit members the legislature themselves session the approval of members. be except the call of the governor and then only upon designated The executive of the do not have official of either of taking action and feels that the legislative have power. matter his tention because disagreement between the the and the necessity of calling special session action on the grasshopper relief. In order to make change petitions would have be circulated, signed 32,000 voters and returned secreThe would the ballot the and the would decide the can suggestthe the legislature, bill and then the people for ratification Nearly 100 men and women attended dairy and dairy products judging week, the college The Sheriff's isswarnings against fakers the state One pair fake loan racket, advertise loans then charge $10 $20 for an praisal after which they disappear Housewives are also warned on the lookout for men representing vacum cleaner company collects sweepers for the repairs and fails return. Four failed state bank depositers Thorpe, of the control. Part the payments this Overton State Bank already bring total danger from falling stones. to 18.2% First State balance removed Nacora 5% bringing State Bids the work of Laurel, South called maha State 30% be called for reroofBank allowed the made by the The has taken legislature. the fight against this Governor Bryan has telegraphed rains colder have Nebraska that the toll of the emergency relief appropriation through Nebraka in order Nebrasthe reports from that section The state Nebraska prohibited, by its conMcMullen, former goversituation, form insuring indebtednor of Nebraska, seeking the of postmaster at Beatrice, his While the from that district democrat thought that Howell, publican, will have deal the The State Nebraska has been money at the rate during the past ten months. This inabout the the last state that the penses crease located the highway and bridge The gross payroll an Court has held that Supreme truck drivers reasonable crossing street oththan regular crossing more care case childordinary This opinion included when they upheld the $3,000 judgement against the packing the death of boy in Omaha 1930. The state for due road The state has filed for The claims that on the amount the City made. Shelton, the state historical has turned from trip through the western part the visited historical interest. Citizens the vicinity of Obert and Wynot must use the railroad more keep the advice Chairman Randall the state railway commission. railroad losing about month and not consider allowing railroad continue that secship truck general high contracts be held late according plans governor and the has because the the amount available the purpose The officials the belief that money available highway work over the state sorrow over the death Joseph Polcar, Omaha man years the time death promotion manWorld formerly editor of the Omaha Daily An Iowa firm has been awarded boiler for the heating system the boiler is to cost The tall flag pole on the capitol grounds, the Lincoln cut down. poles legislative west the building pole will appear grounds. old during the World Keith Neville governor. Work started the placing of permanwalks, temporary walks having installed keep employees and visitors out of the The state purchasing agent has signed for pneumatic tires for the use departments. He has also An firm low bidder while secured the second Farmers returning to horse power for farms to from Omaha and South Omaha farm sellhigh few ago $90 One sale 375 sets since power machinery Farmers report that they cannot afford the power horses are avail- An audit of the state normal that rates students have been pay costs these institutions. original to make the dormitories supporting but such has not been the the normal where students are charged week for board and from week for room. dormitory at the will charge $26 month for $60 for the felt, will pay all the operIn the costs the the cost of food produced by the Thomas Sewarr, has been chairman of their state comJudge was the committee spite of the Governor and other candidates favored Clark of Lincoln. Clark then chosen vice chairman. The chairvice chairman will select secretary and treasurer No finite has been made as to headquarters but sumed that the Lincoln Hotel Lincoln previous Hitchcock has been years. chosen the Nebraska deelgates represent them on the which national will to the convention prior Chicago The republican parties intensive will not until campaign tember the State Lyle of Neligh, has been chosen the Choice secretary delayed when made the secretary serve Walter Roberts Lincoln was asked take the but of his post has not yet been made Other leaders the campaign named shortly before September acceptappointment. Simple stone design will replace turrets walls of the penitentiary Bids in excess of Speaker Garner promised that consideration will given to case Nebraska the purpose the is to supply road work without discrimination as relief measure. Governor and Mrs. Bryan spend western of the state. has the trip will since trip which make. section the state considered the scenic section and never the pleaThey stops Norfolk, O'Neill, Valentin,e Chadron, Crawford, Harrison Alliance, returning through Broken Bow or Bridgeport. public address planned which Long Gus Miller, superintendent of the reformatory for men ready laying plans for the operathe plate men will be trained order to prevent from to provide for of order that the factory will be for tion before August which give time completion of next plates. Only fifty Grand Army veterans gathered for the state encampment this year and this number four undertook to march in the parade. Reports that Nebraskans of work are disputed Lulah Andrews, state the United States serShe the figure more nearly estimated least these are Omaha where charitable institutions contributing to 6,000 families. George H. Turner of Fairbury has been named clerk of the preme Court, succeeding the late Judge Letton. Truner has the deputy clerk since 1927 Prior Chief Justice Morrissey. E. White Burwell succeed Turner deputy clerk. Turner backed by large number as attorneys the state. Special investigations have reports bootleg gasoline are made un der the the state treand the men make collections. office points that the bootlegging are in cess of last year's receipts has raised the the state collect tax farmers who import gasoline for their test before settled. Local truckers northern Nebraska used haul gravel for road projects that section and local labor be used wherpossible according gineer Contracts not been let because addithe cost of the gravel conto be given to transportation State Treasurer has been confined his home this week but his condition is not considered An Omaha geologist claims that Omaha of immense oil industry because claims have positive assurance there are deposits ering 60,000 acres the vicinity the city. large crew of workmen may capitol grounds The graders are continuing their the preparing for the which will anticipation the sod the system being north entrance is being preparwhich will curve up and under the steps drive to the first floor Work on for the lighting system. The game wardens are investigating cause of wholedeath among the fish Lake Ericson Wheeler county. There has some legal controversy this lake because residents that section claim that power dam raised the lake level caused flood rounding land. gas line has been installed to state reformatory for and the heating the plate tory for procesalso for cooking the the plaintiffs, William Steward Hill have pleted their their keep state from placing the truck and bill on the this defendants present their case. the directed against the tary of state the Nebraska Motor Transport assist showing that the petitions were properly drawn and presented such minor errors as correct voting precinct designations not disqualify entire petitions. case Judge Shepard the plaintiffs costs the he holds for probable state will state office an gas this During the first May the month of May last year This decided months this Frank Munday of Red Cloud been named member the normal board Judge Grand Island, who resigned. Mr. Munday elected delegate to the national one of the leading lawyers of the state purchasing agent has purchased trucks, Dodge, one for the use will not commit himself on the subject special the legislature provide funds fighting the He hopes that aid may from the federand feels also that the counties extend effort aid remains to seen whether the of the plague this year will effort being made to fight grasshoppers cutworms state. college agriculture cooperating with county agents distributing formation to the farmers. Experts that ten pounds of poisoned distributed accomplish more 100 pounds later the season. Both central committees will meet in Lincoln the 21th to perfect organizations and make plans coming State Smith still talked of by the democrats The Court has held that the state board of equaliza1931 gas by percent and that the be and the on the other property Generbrought against other state officials his official capacity representing three involved. Other ficials, the board, perplexed the turn opinions the has had although comment make the matter Roy Harrop Council Iowa, initiative petitions with Secretary Marsh which state bank with proposes branches county and every back the scheme. The secretary state the tions Harrop because they lacked signers for legality that he would like submit get enough backing to get his Former R. McKelthe taxing of municipally owned utilities means cutting the property tax for the farmer. that of utility properin the state tax free. The company Lincoln been awarded contract for graveling the highway Blair and Herman at $2,045. The state board of equalization has ask the supreme to clarify ruling on the pipe lines. The feels that the court its through of the Figures from the department there owned homes rented nonfarm homes There are owned 850 rented homes the state addition farm homes and 3,976 nonfarm homes which were classified. These homes housed total private families. study of values shows that the largest percentage owned homes are $3,000 the largest of rented bring rental to $30 bring of more than $50.00 one-sixth the cases beNebraska Court involve some way Many these brought by the state. the present there among other suits, the disbarment against attorsuit state against gracompanies, alleging an illegal combine, and the banking law cases. The state of Nebraska has cepted Bridgeport district which relieve water that district Through disthe federal judgment of $125,000 on property with first mortgage, the state already held bonds with second PERFECTION LICE The federal government POWDER agreed to settle and the state now holds bonds amounting Different from all others- $125,000 with first Members of the appeared aminer for why the commission explain granted the right to the and the gravel time the asking blanket freight rates. Because the quantity gravel available conditions existing here asked for decrease the granted will heard further May The Construction company been awarded the contract for graveling the state highway tween Shelton Buda. Their bid cents cubic yard under nearest bidder They took the at 64 cuble yard. Depositors in Bank of Syracuse 35 percent vidend the depositors Upland Banking Company received The court listened arguments for Clarence Bliss motion dismiss the appeal of state award by judges of Bliss in the wherein he displaced state bank The aftorneys that the bann appointed by the district judge the governor has right dismiss and that should be reimbursed for the Dentists state have been session Lincoln order to assure publication of congressional record, dolthe purpose. When was found that exhausted this an emersatisfied the ruling of Nebraska Omaha taxicab that been proposing cheap rate has that appeal the supreme Their system objected unfair competition by other taxiby the street railway Chief Justice Charles Goss speak evening the meeting the Men's Brotherhood Potato acreage shows marked reduction this year with prospect increased Since considered potato states looks rather good the growers the state. Nebraska growers have increased their acreabout 25 percent, which the other states makes more promising outlook than other states. group Lincoln business men university leaders are working together plan presented the Corthrough the of state secure To the farmers no direct benefit from the