Upland Banking Company (Upland, NE)

Episode Information

Episode UID
76051971589
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7605197 routing
Routing Number
76-0519
Start Date
May 23, 1932
Location
Upland, Nebraska (40.319, -98.901)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c88141425e39a680

Response Measures

None

Events (3)
1. May 23, 1932 Receivership
Newspaper Excerpt
UPLAND, June 2—The Peoples Bank, which has been closed since last October, went into receivership May 23 and A. P. Sullivan is agent in charge in the two banks here and the Macon bank also. ... Mr. Sullivan ... moved to the Peoples Bank Friday evening from the Upland Banking Company.
Source
newspapers
2. May 26, 1932 Other
Newspaper Excerpt
Depositors in the failed Bank of Syracuse received a 35 per cent dividend and the depositors of the Upland Banking Company received 25 per cent.
Source
newspapers
3. January 12, 1933 Other
Newspaper Excerpt
The state banking department recently announced $104,607 was returned to depositors in failed state banks ... $15,248 paid depositors the Upland Banking Co.
Source
newspapers

Newspaper Articles (10)
1. May 26, 1932 The Fillmore Chronicle Fairmont, NE

Article Text

State Capitol Continued from Page 6 of the owned non-farm homes are valued between $3,000 to $5,000 and the largest percentage of rented non-farm homes bring a rental of $15 to $30 a month, only 8 per cent bringing a rental of more than $50.00. About one-sixth of the cases before the Nebraska Supreme Court involve the state of Nebraska in some way or another. Many of these are actions brought by the state. At the present time there are among other suits, the disbarment proceedings against seven attorneys, suit of the state against the gravel companies, alleging an illegal combine and the banking law cases. The state of Nebraska has accepted $50,000 worth of bonds from the Bridgeport irrigation district which will relieve the water users of that district. Through a disagreement the federal government obtained a judgment of $110,000 to $125,000 on the property with a first mortgage, the state already held $75,000 in bonds with a second lien. The federal government finally agreed to settle for $50,000 and the state now holds bonds amounting to $125,000 with a first mortgage. Members of the state railway commission appeared before an examiner for the interstate commerce commission to explain why the state commission granted railroads the right to decrease rates on sand and gravel in the state at the same time the roads were asking and receiving a 15 per cent increase on all freight rates. Because of the quantity of sand and gravel available in the state and the conditions existing here the railroads asked for the decrease and the commission granted it. The case will be heard further May 24 in Washington. The Abel Construction Company has been awarded the contract for graveling the state highway between Shelton and Buda. Their bid was 8 cents per cubic yard under the nearest bidder. They took the bid at 64 cents a cubic yard. Depositors in the failed Bank of Syracuse received a 35 per cent dividend and the depositors of the Upland Banking Company received 25 per cent. The supreme court listened to arguments for Clarence G. Bliss on his motion to dismiss the appeal of the state banking department from the award by district judges of fees for representing Bliss in the proceedings wherein he was displaced as state bank receiver. The attorneys contend that since the bank receiver was appointed by the district judge that the governor has no right to dismiss him and that they should be reimbursed for the fees in the case. Dentists of the state were in session in Lincoln last week. In order to assure publication of the congressional record, congress has appropriated a half million dollars for the purpose. When it was found that funds were almost exhausted for this purpose an emergency bill was passed. Not satisfied with the ruling of the Nebraska railway commission, the Omaha taxicab company that has been proposing a cheap rate in the city, has announced that it will appeal to the supreme court. Their system was objected to as unfair competition by other taxicab companies and by the street railway company.

2. May 26, 1932 The Friend Sentinel Friend, NE

Article Text

case heard further May The Abel Construction company has been awarded the for graveling the state highway Shelton and Buda. Their bid was per cubic yard under the bidder. They took the bid 64c bic yard. Depositors in the failed Bank of Syracuse received 35 percent dividend and the depositors of the Upland Banking Company received percent. The supreme court listened guments for Clarence G. Bliss on his motion to dismiss the appeal of the state from the award by district judges of fees for Bliss in the proceedings wherein he was displaced as state bank receiver. The attorneys contend that the bank receiver was appointed by the district judge that the governor has no right dismiss him and that they should be reimbursed for the fees in the case. Dentists of the state have been session in Lincoln this week. In order to assure publication of the congressional record, congress has appropriated half millian dollars for the purpose. When was found that funds were almost exhausted for this purpose an gency bill was passed. Not satisfied with the ruling the Nebraska railway commission the Omaha taxicab company has been proposing cheap line the city has announced that will appeal to the supreme court. Their system objected unfair by other taxicab companies and by the street railway company. Chief Justice Charles A. Goss will speak at Wahoo the evening of June before the open meeting of the Men's Brotherhood. Potato acreage shows marked duction this year with prospect of increased prices. Since Nebraska considered one of the potato states looks rather good to the growers of the state. have increased their acreage by about percent, which in view of the crease in other states makes more promising outlook here than in other A group of Lincoln business men university leaders are working together plan to be presented the Reconstruction Finance Corporation through which the farmers of the state may secure aid. date the farmers Nebraska have received no direct benefit from the Permission has been granted the state banking by District Judge Charles H. Stewart, borrow $50,000 from the Reconstruction Finance Corporation for the pose liquidating the failed state bank at Center, money to be repaid when the assets of the bank are liquidated. This system will low the commission more time for liquidation and felt that will make large sacrifices unnecessary. The chief to the action was the fact that depositors have first lien on assets. There are twelve candidates for state legislature who have nothing to worry about in the fall election. districts failed to name democratic candidate for the house of presentatives and five failed to name candidate while two senatorial districts failed to name republican nominees. now too late to fill the vacancies. The law provides that when vacancy through resignation after the nomination made that the party committee may fill the vacancy until 30 days before election but when no nomination made there is no provision for filling the place.

3. June 2, 1932 DeWitt Times-News DeWitt, NE

Article Text

FROM STATE CAPITOL Members the state railway comappeared before an examiner for the interstate commerce commisexplain the state commission granted railroads the right to decrease rates on sand and gravel in the state at the same time the roads asking sand receiving 15 percent blanket increase all rates. Because of the quantity of sand and gravel available in the state and the conditions existing here the railroads asked the decrease and the commission granted The case be heard further in Washington. The court listened to arsupreme guments for Clarence Bliss on his motion to diamiss the appeal of the state banking department from the award by district judges fees for representing Bliss in the proceedings wherein he was displaced state tend that since the bank receiver was appointed by the district judge that bank receiver. The attorneys conthe governor has no right to dismiss him and that they should be reimbursed for the fees in the case. Dentists of the state have been in in Lincoln this week. order to assure publication of the congressional record, congress has appropriated half million dollare for the purpose. When was found that funds were almost exhausted for this purpose an bill passed. Not satisfied with the ruling of the Nebraska railway commission, the Omaha taxicab company that has been proposing cheap line in the city has announced that will appeal to the supreme court. Their system was objected to unfair competition by other taxicab companies and by the street railway company. Chief Justice Charles Goss will speak Wahoo the evening of June before the open meeting of the Mens Brotherhood. the failed Bank of Depositors Syracuse received 35 percent divident and the depositors of the Upland Banking Company received 25 percent. Potato acreage shows marked reduction with prospect of year increased prices. Since Nebraska considered one potato states rather good to the growers of Nebraska growers have increased their acreage by about 25 percent, which view the deother states makes more crease promising outlook here than other states. of Lincoln business men group and university leaders working to presented to together the Recostruction Finance Corporawhich the farmers of the tion through aid. To date the may secure farmers of Nebraska have received direct benefit from the has been granted the Permission by District state banking department Charles to borrow Judge $50,000 from the Reconstruction nance Corporation for the purpose of failed state bank at liquidating the to be repaid when Center, the money the bank are liquidated. the assets will allow the system for liquidation and sion more time will make large sacrithat The chief objecfices the action was the fact that tion to first lien on assets. candidates for There are twelve state legislature nothing to election. Five about in the fall worry failed to name democratic districts candidate for the house of represenand five failed to name tatives candidate while two publican districts failed republican too late to fill nominees. now the vacancies. The law provides that occurs through when vacancy after the nomination signation made that the party committee may until 30 days before fill the vacancy but when no nomination e'ection made there provision for fillthe place.

4. June 2, 1932 The Hastings Daily Tribune Hastings, NE

Article Text

BANK TO RECEIVER UPLAND, June 2—The Peoples Bank, which has been closed since last October, went into receivership May 23 and A. P. Sullivan is agent in charge in the two banks here and the Macon bank also. William Osterlund is an assistant in the Macon bank. They expect to be ready to begin filing claims some time next week. Mr. Sullivan and his stenographer, Miss Irene Damel, moved to the Peoples Bank Friday evening from the Upland Banking Company.

5. January 12, 1933 The Beemer Times Beemer, NE

Article Text

Items of Interest Benjamin McKeen, editor of the Coleridge, Neb., Blade, died in hospital Sioux City, recently. Before going to Coleridge years ago, he published papers Winside and Madison, Neb. Bass' statement treasurer showed that current revenue funds total against $2,832.month ago. The general fund included this total mounted from $739,462 during the Month to $1,001,969. Large declines occurred in road funds and university cash funds. The state banking department cently announced $104,607 was turned depositors in failed state banks liquidation efforts of its rece'vership division. The money went depositors in banks and varied from $1,418 depositors the Farmers State bank of Eagle $15,248 paid depositors the Upland Banking Co.

6. January 12, 1933 The Nehawka Enterprise Nehawka, NE

Article Text

Items of Benjamin McKeen, editor of the Coleridge, Neb., Blade, died hospital Sioux City, recently. Before going to Coleridge ago, he published papers Winside and ison, Neb. Bass' last statement state treasurer showed that current revenue funds total against $2,832,123 month ago. The general fund included in this total mounted from during the month to $1,001,969. Large declines occurred in road funds and university cash funds. The state banking department cently announced $104,607 was returned to depositors in failed state banks month by liquidation efforts of its receivership division. The money went depositors in banks and varied from $1,418 to depositors of the Farmers State bank of Eagle $15,248 paid depositors in the Upland Banking Co. Nine hundred years the Indians probably raising corn and tobacco along the Platte valley as far west Scottsbluff and living as sedentary life modern farmer, Dr. Earl H. Bell, assistant professor of anthropology the state university at Lincoln asserts. The Indians Dr. Bell says, highly cultured people. About the time of the advent of the white man and his horse, the Indian gave farming and became hunter, his culture then showing decline.

7. January 13, 1933 The Daykin Herald Daykin, NE

Article Text

The state banking department recently announced $104,607 was returned to depositors in failed state banks last month by liquidation efforts of its receivership division. The money went to depositors in 14 banks and varied from $1,418 to depositors of the Farmers State bank of Eagle to $15,248 paid depositors in the Up land Banking Co.

8. January 13, 1933 Palmyra Items Palmyra, NE

Article Text

State News Items of Interest Benjamin McKeen, 64, editor of the Coleridge, Neb., Blade, died in hospital at Sioux City, recently. Before going Coleridge years ago, he published papers at Winside and Madison, Neb. Bass' last statement as state treasurer showed that current revenue funds total $2,501,001 against $2,832,123 month ago. The general fund included in this total from $739,462 during the month to $1,001,969 Large declines in road funds and university cash funds. The state banking department cently announced $104,607 was turned depositors in failed state banks last month by liquidation efforts of its receivership division. The money went to depositors in banks and varied from $1,418 to depositors of the Farmers State bank of Eagle $15,248 paid depositors in the Upland Banking Co. Nine hundred years ago the Indians were probably raising corn and to bacco along the Platte valley as far west as and living as sedentary life as any modern farmer, Dr. Earl H. Bell, assistant professor of anthropology the state univer sity at Lincoln asserts. The Indians Dr. Bell says, were highly cultured people. About the time of the advent of the white man and his horse, the Indian gave up farming and became hunter, his culture then showing decline.

9. January 19, 1933 The Burwell Tribune Burwell, NE

Article Text

State News Items of Interest Benjamin McKeen, 64, editor of the Coleridge, Neb., Blade, died in a hospital at Sioux City, recently. Before going to Coleridge 11 years ago, he published papers at Winside and Madison, Neb. T. W. Bass' last statement as state treasurer showed that current revenue funds total $2,501,001 against $2,832,123 a month ago. The general fund included in this total mounted from $739,462 during the month to $1,001,969. Large declines occurred in road funds and university cash funds. The state banking department recently announced $104,607 was returned to depositors in failed state banks last month by liquidation efforts of its receivership division. The money went to depositors in 14 banks and varied from $1,418 to depositors of the Farmers State bank of Eagle to $15,248 paid depositors in the Upland Banking Co. Nine hundred years ago the Indians were probably raising corn and tobacco along the Platte valley as far west as Scottsbluff and living as sedentary a life as any modern farmer, Dr. Earl H. Bell, assistant professor of anthropology at the state university at Lincoln, asserts. The Indians Dr. Bell says, were a highly cultured people. About the time of the advent of the white man and his horse, the Indian gave up farming and became a hunter, his culture then showing a decline. Dr. P. H. Bartholomew, state public health director, said contagious diseases are on the increase in Nebraska but a substantial decline is shown in the number of tuberculosis cases. Most contagious diseases showed a sharp increase. Tuberculosis, however fell off from 17 cases the previous month to seven this last month. There were 30 cases reported a year ago this last month. Diphtheria swung upward from 56 to 135 cases, chickenpox went up from 15 to 88 cases, scarlet fever from 69 to 174 and smallpox from none to 13. A few showed minor drops. The problem of water conservation in the Platte valley is to hold the water table high enough for sub-irrigation of crops and to permit pump irrigation, Dr. George E. Condra stated. That water used for irrigation purposes in the North Platte valley west of North Platte flows out through canals and comes back to the Platte as storage water, and does not materially deplete the supply of water in the lower Platte, was Dr. Condra's contention. The Pathfinder dam, storing waters for use in the North Platte valley, providing irrigation for nearly one million acres, was the salvation of the Scottsbluff country last year, and in some measure the prosperity of that section has passed on to Grand Island and other Nebraska cities, Dr. Condra declared. Indians once operated the Cass County Quarry at Nehawka, according to The Nehawka Enterprise. This hill contains a grade of flint which was highly prized and much used by the Red men. Another hill north of town contains the same flint formations and it was also quarried. According to geologists and others who have studied the topic, they state that no other flint like this is found in the United States. It is also said that Indian arrow heads and other weapons made from Nehawka flint have been found hundreds of miles from this place. The places where the Indians quarried rock from these two hills is still plainly evident. Deep depressions still plainly mark the spots where the stone was removed. In the course of time as the present quarry expands, these markings will be obliterated. So far the workmen have not discovered any implements or belongings of the former quarrymen, but they hope to do so. A few days ago a good antelope antler was unearthed, however. Many years ago the late Isaac Pollard, one of Nehawka's first residents dug a deep tunnel back to the face of the rock ledge. He did it for the purpose of finding some Indian tools, etc., and to ascertain other facts in which he was interested. He found no tools used by the Indians however. After Mr. Pollard dug back until he reached the face of the ledge he found that the rock had been burned. It is the general belief that the Indians built a fire near the rocks, and when the rock were hot carried water from the creek and threw on them, causing them to break. A rather slow manner in which to quarry rock with methods used at the present time. Many scientific men have visited this rock bearing hill in the past, and from a scientific and historical standpoint it is perhaps better known than any other quarry in the United States. The site of the new $67,500 Lexington postoffice building may be chosen within a few days, according to postoffice department officials. The report of the site inspector who visited Lexington has been received and action on this report will be taken within a few days. When site bids for this Nebraska project were first opened on November 9, 11 sites ranging in price from $5,000 to $10,000 were offered the government. Later offers may have been made and additional sites inspected. The government wants a site of 24,500 square feet.

10. January 19, 1933 The Republican City Ranger Republican City, NE

Article Text

State News Items of Interest Benjamin McKeen, 64, editor of the Coleridge, Neb., Blade, died in a hospital at Sioux City, recently. Before going to Coleridge 11 years ago. he published papers at Winside and Madison, Neb. T. W Bass' last statement as state treasurer showed that current revenue funds total $2,501,001 against $2,832. 123 a month ago. The general fund included in this total mounted from $739 during the month to $1,001,969. Large declines occurred in road funds and university cash funds. The state banking department recently announced $104,607 was returned to depositors in failed state banks last month by liquidation efforts of its receivership division The money went to depositors in 14 banks and varied from $1,418 to depositors of the Farmers State bank of Eagle to $15,248 paid depositors in the Up land Banking Co.