Merchants State Bank (Winside, NE)

Episode Information

Episode UID
76091271584
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7609127 routing
Routing Number
76-0912
Start Date
December 10, 1931
Location
Winside, Nebraska (42.176, -97.175)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
892df20142eefa94

Response Measures

None

Description

Bank closed voluntarily by its officers for liquidation and placed in receivership; later dividends were paid.

Events (3)
1. December 10, 1931 Suspension
Cause
Voluntary Liquidation
Cause Details
Closed voluntarily by its own officers for liquidation; assets placed in charge of state banking department.
Newspaper Excerpt
The bank was closed by its own officers Dec. 10, 1931, for the purpose of liquidation.
Source
newspapers
2. December 21, 1931 Receivership
Newspaper Excerpt
Named Bank Receiver Winside, Dec. 21 W. R Scribner, of been appointed of the closed Merchants State bank here. Scribner states statements now ready for delivery to patrons,
Source
newspapers
3. May 1, 1932* Other
Newspaper Excerpt
A first dividend payment of 45 percent ... for depositors of the Merchants State bank of Winside.
Source
newspapers

Newspaper Articles (9)
1. December 21, 1931 The Columbus Telegram Columbus, NE

Article Text

NEBRASKA THE WEEKEND Omaha Yeggs Get $400 Omaha, Dec: Yeggmen punched the Holland Furnace company safe over the week-end and took $400. Schneider Returned Qmaha, Dec. (LP) Herman accused by Mrs. Charles Hoffman of securing $800 of her money to to Germany to collect an inheritance, was brought back from New York where he apprehended and was to face Mrs. Hoffman Schneider announced stands ready to give Mrs. Hoffman back her money and that he had no intention of defrauding her. Mere Teachers Enrolled Kearney, Dec. 21 State Teachers college enrollment for the second semester this year larger than for any year since school year into three quarters m 1920. There are enrolled at the here 697 students -as to 664 for the second. quarter last year. Named Bank Receiver Winside, Dec. 21 W. R Scribner, of been appointed of the closed Merchants State bank here. Scribner states statements now ready for delivery to patrons, Hunt Nets 500 Rabbits Madison, Dec. 21 (LP) Charity rabbit hunts here today have resulted "in the bagging of 500 rabbits. Of this number: 200 have been families at Niobrara and the Army at Buys Lindsay Farm Lindsay Dec. 21 S. Borof Lindsay, purchased the Henry Limihorst 880-acre farm, five miles

2. May 7, 1932 Lincoln Journal Star Lincoln, NE

Article Text

MERE MENTION Roses, doz. Call Fred Flower B1310, for Mothers day flowers. No raise in The thinking fellow calls Yelmiles for thirty-five cents. blooms, 50c doz. All kinds Tulip eries, 48th Large Rose Plants, variedozen. Frey, and Sts., 35th and Lake Geraniums, Petunias all bedding plants reduced spring Also vegetable plants. prices. 22nd and and Frey, Choice chickens 24c spring lb., ham, whole or half, 14c Extra large pineapple 20c Pfeiff Market, 314 So. 11th. each. Phone truck used for large automobiles ran out 10th street between Saturday blocked that artery for traffic along twenty minutes. Jacob Marcus filed suit in disSaturday against Clayton Markham for damages account an automobile Howard and 17th streets, Omaha, on Jan. Dallas Tolley, eighteen year old youth returned Lincoln from that city week to face charge larreleased ceny County Attorney Towle Friday evening. The complaint has been dismissed. Oliver W. AuchMoedy, grocer filed voluntary bankruptcy petition Saturday federal court, listing debts $5,235 assets No secured claims listed. Assets consist stock trade, $500 tools equipment and $238 due from customers. The final vesper concert of the will given Lincoln high school auditorium Sunday The senior high school choir feature the of concert. series musicales are sponsored by the board its music department. The supreme court Saturday iscall session beginning May 16th. The principal to heard the question whethstate been reorganized liable for the guarfund that were owing unpaid the that failed. The State Florence the direct party interest. Two new cases of anthrax were reported division animal industry. outbreaks from near Monowi, county, digre, Knox cattle have state deThe the total in the state this spring to six. Four more appeals by the state trade were filed the court They the of the of the court to low the for former bank resisting the substitution of his office. first dividend of by the trade merce for the Merchants Winside. The bank closed by its own officers 1931, for the purliquidation. The assets since charge of the banking and as rapidly possible. By the end next week. acCommissioner the water system Pioneers, the golf the section, completed. The golf sector will contain 15,000 feet while east wing the park The park head also promises by next Saturday night least nine greens Pioneers course exception of grass topping. supreme court has set for hearing Thursday, May gument motion the attorgeneral confirm the report Referee Thompson recommending the ousting Farley the court of Thurcounty, because his affairs his office. Farley has clerk for years, sisting removal the ground that the not justify the referee's findings. William R. Keane, who as the Keane Body company volnutary tition filed schedules Saturday federal showing debts assets $1,024. claims aggregat$2,055 are by General Swift Lumber company Minnie Lowrey, there $731 due from customers. With the present city adminisbonds for required to them, are being were filed Saturday: Harry Farmer, head cashier and bookkeeper light departSmith ment, Hendry, bookkeepers cashiers of that partment, each; D. ickson, city engineer, $2,000; Frank Miller, treasury bookkeeper, $5,000. Two rural schools in Buffalo county, Glenwood school, Mrs. Frances Little, teacher, and Stone school, Mrs. Reese and Mrs. Gladys Haskins, teachers, accredited the state superintendent superior schools. There ten schools the state. Chloe Baldridge for the state superintendent superintendent Bryon Buffalo county recognized schools at program an patron's The department of public works has filed brief in supreme court support appeal from judgment for given NichoGoergen for land taken in the construction highway in Dacounty. The state says the appraisers fixed the damand that there was justification for second appraicounty torney represent any authority from and without respect to the mating that effect suit against the and cannot be maintained without its consent. Bronze book bearing miniature replica of Houdon statue Washington, placed the capitol at Richmond, 1796, with specially bound autographed novels living Virginia were present from the state Virginia, Pollard, who wrote that books book ends present from the state Virginia each governor attending the governors held Gov. Bryan did not attend the confer- The railway will the week May On to on moplaint, the number of on certain trains. Two o'clock before Friday, May 13, on plication R. and R. to close joint station South Omaha. Hearing South Omaha, o'clock m. Chairman Randall. stipulation filed in disby the Product company and Gate City Erection the the Glens pany New against Jones Engineer Construction company the state pay the district court the money due viaduct project Hall county amounting which there The indemnity objected the state paying the money the company the First National bank Grand Island alleging that the demnity company surety for the Jones company and that there were for material labor unpaid. Some aspects of the Nebraska law non-residents damage notice the state, Saturday before Judge Munger three Illinois party George Ring his employer, the Yaeger company Springfield, being sued thony Emma Miller and Miss Margaret Roode because an cident which Ring's car figured. Both defendants entered special appearance to the were to the jurisdiction the court. Frank Williams for the Yaeger company cause Ring was Judge Perry Ring was never properly his home not Noble, where the notices Claude Wilson and Roy the plaintiffs that Nebraska law specified non-resident or agent" Ring was the Yaeger company's agent the company liable. They also cited to show that Ring's home Noble, and informed the plaintiffs deputy sheriff Lincoln. Judge Munger the matter under advisement.

3. May 12, 1932 The Gibbon Reporter Gibbon, NE

Article Text

Cornhusker State Current Events Happenings Gleaned From Around Our State By The Reporter Economy in public expenditures will be the battle cry of Nebraska Democrats in their campaign this fall, Governor Bryan indicated Saturday. At a conference Friday with candidates for the seven offices, they agreed with him, Mr. Bryan said, that economy in governmental operation and tax reduction must be given priority over all other issues. Contract for the equipment for the new state auto license manufacturing plant, located at the state reformatory was awarded to John R. Wald comof Huntingdon, Pa. The conpany, tract was awarded on the company's bid of $26,451. The figure includes all stamping, cutting and other equipment for the factory. The factory building, now under construction, is expected to cost approximately $10,000. The remaining $14,000 of the $50,000 appropriated for the plant will be used to purchase materials. Harry Thorpe, chairman of the state board of control, stated it is expected the plant will be in operation by July 15 and will manufacture the 1933 license plates for the state. Later, he said, street and highway markers probably will be manufactured. The supreme court Saturday issued call for session beginning May 16th. The principal case to be heard involves the question whether state bank that has been reorganized is liable for the guaranty fund assessments that were owing and unpaid by the bank that failed. The State bank of Florence is the direct party in interest. Two new cases of anthrax were reported to the state division of animal industry. The new outbreaks were reported from near Monowi, in Boyd county, and Verdigre, in Knox county. Infected herds of cattle at both points have been quarantined, the state department announced. The quarantines brought the total in the state this spring to six. Four more appeals by the state department of trade and commerce all from Gage county, were filed with the supreme court Saturday. They involve the question of the power of the district court to allow attorney fees to the lawyers for G. Bliss, former state bank receiver, when resisting the substitution of his successor in office. A first dividend payment of 45 percent, amounting to was announced Saturday by the department of trade and commerce for depositors of the Merchants State bank of Winside. The bank was closed by its own officers Dec. 10, 1931, for the purpose of liquidation. The assets have since been in charge of the state banking department and have been liquidated as rapidly as possible. The site of Fort Independence, located near Grand Island, soon to be marked by Betsy Hager chapter of the Daughters of the American Revolution, Mrs. Lyle, chapter regent, announced Saturday. "This fort was erected in 1860 by the pioneers defense against the Indians," Mrs. Lyle declared. was built of cottonwood logs, and the outside was covered with sod, to prevent burning by blazing arrows." "Our marker," Mrs. Lyle continued, "has been arranged for and will be placed few days. will be made of boards, painted, and hope later to be able to replace it with bronze We also to are planning restore an old log house in the Stolley park." An organization to effect cutworm control has been formed at Royal, Nebr. The Rev. A. E. Smith, Plain view, Antelope county extension and University Extension Entomologist O. Lincoln, met with 125 farmers at the A. R. Blackburn home. Discovery of species of cutworm new to this locality caused much consternation among farmers since the gray cutworm has been comhere for years. Grasshoppers now hatching by the millions. Digging into the soil in circle six inches in diameter, more than 50 black sided cutworms were found. Bare advised poisoning with an bean mash as the only effective control measure. Considerable property damage was done late Thursday night when twister struck the west end of the of Lyons, Nebr. Following rain, the heavy wind destorage ice house west of and 450-lb. fire whistle was (Continued on last page)

4. June 1, 1932 The Grand Island Independent Grand Island, NE

Article Text

FAILED STATE BANK REOPENS Lincoln, June 1. (AP)—Reopening today of the reorganized Tyron State Bank of Tyron, McPherson county, was announced by the state department of trade and commerce. The bank suspended business January 8, last. Stockholders of the institution, the department said, re-capitalized it for $10,000, with a surplus of $2,500. Depositors eventually will be paid in full, the department said. L. A. Warden is president, and A. C. Hill, jr., cashier. The department also announced the voluntary closing of the Firth Bank of Firth, pending reorganization. State Examiner Richard Hadley is in charge. It had deposits of about $140,000. J. C. Ruigh was president; William Kramer, vice-president, and John Doeschot, cashier. The department announced also that dividend payments to failed bank depositors during the month of May amounted to $320,563. The largest payment during the month was to depositors of the Merchants State Bank of Winside, which received an initial 45 percent dividend of $98,679.71. In all, depositors of 20 failed banks shared in the revenue made possible by the liquidation of assets.

5. June 2, 1932 Lincoln Journal Star Lincoln, NE

Article Text

POISON BRAN REQUIREMENT State to Require Adherence to Standard Formula. D. F. Felton, deputy secretary of agriculture, announced Wednesday the state would require producers of a poison bran mixture for combatting grasshoppers to adhere rigidly to the formula prescribed by the department. Felton said it was necessary to abide by uniform formula if the state expects to attain maximum results in its second year's cam paign against the insects. He ex pected little difficulty, he said, in enforcing the order. The ingredients demanded by the state are: Flaked wheat bran, free of shorts, 100 pounds; arsenic, crude or white, containing 98 percent arsenic trioxide, 5 pounds: black-strap molasses, cane, two gallons The state also will require that the arsenic shall be mixed with the dry bran, the molasses added hot, and all ingredients mixed thoroly before sacking Felton said the following substitutes would not be tolerated. sodium arsenate, black arsenic cattle molasses from beet sugar factories; peanut hulls, mill sweep ings or other bran substitutes. This mixture, Felton said, also has the approval of the entomologists of the state university. bank, pending reorganization. Examiner Richard Hadley has taken charge. The deposits are about $140,000. Officers C. Ruigh, president: William Kramer, vice president and John Doeschot, cashier. Payment of $517,553.62 paid in April from assets of failed banks went to depositors of twenty-one banks. The largest payment was 45 percent $99,679 to depositors of the Merchants State bank of Winside, being first payment. Depositors of the Brainard State bank received 40 percent or $97,238, also a first/ payment.

6. June 2, 1932 Lincoln Journal Star Lincoln, NE

Article Text

BANK AT TRYON REOPENS Half Million Paid to Depositors of Failed Banks. One bank reorganized, one failed and payment of $517,553.62 in dividends to depositors of failed banks in the month of April were reported by Secretary Luikart of the department of trade and commerce. Tryon State bank reorganized, recapitalized and made solvent by stockholders, reopened for business Wednesday. The bank suspended Jan. 8. Capital stock is $10,000. Surplus $2,500. Officers of the new bank are: L. A. Warden, president, and A. C. Hill, jr., cashier. The plan of reorganization contemplates ultimate payment of depositors in full. Upon request of the officers, the department of trade and commerce has taken charge of the Firth bank, pending reorganization. Examiner Richard Hadley has taken charge. The deposits are about $140,000. Officers are: J. C. Ruigh, president; William Kramer, vice president and John Doeschot, cashier. Payment of $517,553.62 paid in April from assets of failed banks went to depositors of twenty-one banks. The largest payment was 45 percent or $99,679 to depositors of the Merchants State bank of Winside, being a first payment. Depositors of the Brainard State bank received 40 percent or $97,238, also a first payment.

7. June 2, 1932 The Omaha Morning Bee-News Omaha, NE

Article Text

REOPEN TRYON STATE BANK LINCOLN. June Reopen ing Wednesday of the reorganized Tryon State bank of Tryon. MePherson announced by the state of trade and The bank sus pended the department said, recapitalized for surplus of $00. Depositors eventually will be paid in full, the department said L. Warden is president and The department also announced the closing of the Firth bank pending reorganiza tion State Richard Had ley charge It had deposits of about Ruigh was president: William Kramer vice president. and John Doeschot department announced dividend payments to depositors 20 failed banks during the month of May totaled The largest was to depositors of the Merchants State bank Winside, which received an initial 45 per cent dividend of

8. November 9, 1933 Norfolk Daily News Norfolk, NE

Article Text

Winside Bank in Receiver's Hands Winside, Neb., Nov. 9—Special to The News: The Citizens State bank which has been closed since Oct. 19, 1932, was placed in the hands of the receiver Wednesday. Every effort has been made to open the bank. The required number of waivers was signed by the depositors and new officers for the proposed bank were chosen. However, after several trips to Lincoln by local business men and officers, it was deemed necessary to place the institution in the hands of the receiver. This leaves Winside without a bank, the Merchants State bank having voluntarily closed its doors in December, 1931.

9. January 29, 1934 The Daily Record Omaha, NE

Article Text

1. Receiver of banking corporation has full right and lawful authority to prosecute an action to collect constitutional stockholders' liability for benefit of creditors Const. art. XII. sec. Provision of Constitution as to stockholders' Provision of relating to remedy to stockholders' stockholders of bank. applies even though such liability accrued prior to its adoption. No rights are impatred by statutory provision which creates remedy for an existing Constitutional double liability of stockholders insolvent state bank could not be enforced prior 1930 until bank's had been and due had been judicially deter- 28718 State ex rel Sorensen Ameris ican State Bank, Springfield (Grell). trict Judge. District Judge, dis deposit of money in bank under contract or understanding that the same shall be held intact and returned in specie to the depositor is special dent deposit of money in bank un. der contract or understanding that shall be held and used for special purspecific deposit. ing Where trustee was appointed by the court over fund be paid over instalments third person. and by the the fund was trict to be in certain bank which was and general manager. further order of the der court, of trustee and cestui que trust was created the bank and such third person. In such case the sum became specific deposit made for special purand was trust fund payable out of funds in the hands the of such bank upon insolvency and pay able preference to the claims of other 28731 Parker, Receiver V. LuehrAffirmed mann. part: in part. Chappell, District Judge. claim against an mentioned Comp St. 1929, the liability de some future which or not happen, and which therefore. makes wholly whether there ever will be liability In the of claim, the contingency does not retate simply to the amount which recovered but (2d to the uncertainty any will ever due In Estate of 121 Neb 737. 238 N. 358 When the of duly appointed by the district court, contingent for double liability against the estate deceased stockholder the filing of such claim does not vest the county with over and deprive the the right to proceed in the district court determine the liability of the of such stockholder, and make the allowance the claim absolute county court proper defendant for that N. trust of an administrator or continuing and deof final accounting does not dethe relationship such officer but only him from liability for the past. Hazlett Estate of Neb. 613: Brownell Adams, 121 Neb. 301. 236 750 Sections and art. XII of the must be construed toself-operating and gether. self-executing the of individual liability stockholders can be had by the under direcof the must be first judicially ascertained that the the bank have been ed. ed. and the amount of deficiency debtedness remaining be enforced against them. Such judicial determina tion does not fix the liability of such stockholders, but is only necessary step to be taken by the receivership court before an can be brought by the judicially the Rogers Selleck, 117 Neb 221 W. 702 of enforce stockholders of an corporation upon the rule obtaining in this state that equity has jurisdiction of an action by against all the stockholders of corporation jointly to enforce their contractual or statutory liability Brownell Adams, 121 Neb. 236 W. 750 The appointment of receiver and judicial determination deficiency assets the does not vest that court with jurisdiction to try an equity sult for the purof the of authority is given by the to the liability of stockholders, if none of the stockholders resides the county where the receivership court acts, or service cannot legally be had upon one or more of them in that county, such suit may be brought by the receiver against all the stockholders in the court of any county in this lawful can be had upon service more of them. 7. An against heirs recoyer real or estate which has been by them as distributees of an and which liable for any debts under of the statute with reference to contingent claims (Comp. St. 1929. ch. 30, art. 1) is not an original action but special proceeding for and collection of the enforcement claim allowed established in the Horst McCormick Co., county court. 30 Neb. 558. 46 N. W. 717. 28733 McDonald, Admx. Wright. 28832 Appeal, Washington Reversed and remanded. Where the evidence is in conflict and that reasonable might different as to comnegligence of parties, question is for determination of jury In a case involving comparative negligence, an instruction that plaintiff may recover if it is established by pre- 28844 ponderance of evidence that defendant was guilty of gross negligence, "unless you find that it affirmatively appears by preponderance of the that plaintiff's son (decedent) was also guilty of gross negligence,' prejudicial- 28744. Green V. Fiester. Appeal, Adams. and remanded with directions Where there contract for specified sum to furnish the labor and the material for repair of building. defailed account not necessary 28766 Reals Douglas Affirmed. Day, evidence does not disclose contributory negligence on part of plaintiff. an instruction should not be on negligence. If an erroneous is which issues jury without support the evidence and there was no prejudice complaining party. it not reversible Evidence of condition of heart admissible under allegation of petition that plaintiff injured by negligence defendant which caused disability where such disability consists in part of weakened heart resulting from pneumonia contracted because In personal injury action plainLiff may for damage which proved by of evidence, including pain and suffer 28781. Treppish State. Error Holt Reversed and remanded DisJudge Evidence and held insufficient to sustain the verdict of murin the second degree. Corpus defined. as, "The substantial and fundamental fact facts necessary to of crime. Webster's New International Dictionary. delicti is not esuntil that hubeing dead, and that death curred as the of the criminal agency another When, in criminal case the eviis circumstantial the circumstances established must. to warrant be to exclude every reasonable hypothesis except that of defendant's guilt fact that the deceased died warrants an inference that he for the state that his death was the result of criminal act, and, until proved. presumed that from natural Underhill Evidence ed.) 541 An order excluding prospective from the courtroom during the trial of cause, except when called testify is entirely within the discretion of the trial judge When such has been made, is the duty of the officers of the court to see that is Where, however, witnesses the through misunderstanding of extent of the and without edge of the may be permit ted does not appear that defendant's rights will be thereby. the duty of trial court to expedite the trial of case much is without infringing the rights of the parties to complete and order of all the facts and circonnected the and effort on his part for such purposes does not constitute error. Complaint the brief that improper prejudicial remarks made the prosecuting attorney in his the jury will not considered where the remarks do not appear in the bill of exceptions 28784 State ex rel Sorensen Cit. izens Bank, Stuart. (First National Bank, Omaha). Appeal. Holt. AffirmDay. Knowledge of president and man aging officer of bank will be imputed to the bank when officer is acting for the When has knowledge of ownership of fund in its for which has parted with fund is trust for the owner Finding of fact in another case different parties upon other or different evidence, which not part of the record. cannot be by the court. 28871 Joyce Lumber Company Anderson. Appeal, Dawson. Reversed and remanded directions. Day, Intangible tax returns shall be filed with county assessor county taxpayer is domiciled. Comp. St. 1929. 77-703. 28846 28847 28848 28849 28850 Luikart, Rec. Merchants State Bank, Winside, Tidrick Claim of Tyler Estate of McDougal. In Claim of Hansen Hansen McDougal. Brownell, Rec. Bank of Waterloo Sunderlin. Mitchell Dist. Farmers Irrigation Dist. 28852 Creamery Co. Kizer 28853 Savings Assn. Martin. 28854 Haskin Langdon. Branham Hoover State. Waller, First Trust Co 29012 Torgeson, Recr. Dept. Trade & 20013 Torgeson. Recr. Dept. Trade & Commerce 29043 Hensley Chicago. St. P., M. O. Ry. Co.