Article Text
Bank Receiver Named Broken Bow, Neb., June 10.( Special.)-Emery F. Bash of this city was appointed receiver of the Peoples State bank at Anselmo by Judge Hostetler -
Peoples State Bank (Anselmo, NE)
Episode Information
- Episode UID
76098671458- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
7609867routing - Routing Number
76-0986- Start Date
- June 10, 1921
- Location
- Anselmo, Nebraska (41.619, -99.865)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
04454003e1089acd
Response Measures
None
Description
Receiver appointed June 10, 1921; OCR variants for receiver surname (Bash/Bush) appear in articles.
Events (4)
1.
June 10, 1921
Receivership
- Newspaper Excerpt
- Emery F. Bash of this city was appointed receiver of the Peoples State bank at Anselmo by Judge Hostetler -
- Source
- newspapers
2.
June 10, 1921
Suspension
- Cause
- Government Action
- Cause Details
- Receiver appointed by court (judge) following bank failure/closure
- Newspaper Excerpt
- Emery F. Bash of this city was appointed receiver of the Peoples State bank at Anselmo by Judge Hostetler
- Source
- newspapers
3.
May 21, 1923
Other
- Newspaper Excerpt
- appeal by the state of Nebraska and the receiver of the failed People's State bank of Anselmo ... ordering a draft made on the state guaranty fund for the entire $44,000 of county funds deposited in the bank at the time of its closing
- Source
- newspapers
4.
September 12, 1923
Other
- Newspaper Excerpt
- New Sale Is Ordered of Anselmo Bank's Assets ... receiver Emery F. Bush ... notified that a new sale is to be held
- Source
- newspapers
Newspaper Articles (11)
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ARGUE GUARANTY FUND DRAFT CASE State and Receiver Resist Payment of $44,000 to Custer County. Supreme Court Hears Matter Growing From Failure of Anselmo Bank. An appeal by the state of Nebraska and the receiver of the failed People's State bank of Anselmo, from the district court's decision in Custer county ordering a draft made on the state guaranty fund for the entire $44,000 of county funds deposited in the bank at the time of its closing, was argued to the supreme court Monday forenoon.
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An appeal by the state of Nebraska and the receiver of the failed People's State bank of Anselmo, from the district court's decision in Custer county ordering a draft made on the state guaranty fund for the entire $44,000 of county funds deposited in the bank at the time of its closing, was argued to the supreme court Monday forenoon. W. L. McCandless, former county treasurer who made the deposit, and his bond sureties are the interested parties in opposition to the state. Their attorney, N. T. Gadd, moved to dismiss the appeal because it had not been preceded by motion for new trial. H. M. Sullivan, counsel for the bank receiver, declared such a motion had, in fact, been presented, but the trial judge held it was unnecessary in an equity proceeding. The Anselmo bank had only $15,000 capital, and under a strict interpretation of the state law it could receive only half that amount, or $7,500, as a deposit from the county. The receiver, acting in conjunction with the state banking bureau, refused to allow more; whereupon a test suit was brought over the question whether the remaining $36,500 was collectible from the guaranty fund or merely one of the general claims against the bank. The status of a similar deposit in a failed bank at Berwyn, where the amount involved is about the same, depends on what the supreme court's
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ANSELMO BANK CASE IN SUPREME COURT An appeal by the state of Nebraska and the receiver of the failed Peoples State bank of Anselmo, from the district court's decision in Custer county ordering a draft made on the state guaranty fund for the entire $44,000.00 of county funds deposited in the bank at the time of its closing, was argued to the supreme court Monday forenoon. W. L. McCandless, former county treasurer who made the deposit, and his bond sureties are the interested parties in opposition to the state. Their attorney, N. T. Gadd, moved to dismiss the appeal because it had not been preceded by motion for new trial. H. M. Sullivan, counsel for the bank receiver, declared such a motion had, in fact, been presented but the trial judge held it was unnecessary in an equity proceeding. The Anselmo bank had only $15,000 capital stock, and under a strict interpretation of the state law it could receive only half that amount, or $7,500, as a deposit from the county. The receiver, acting in conjunction with the state banking bureau, refused to allow more; whereupon a test suit was brought over the question whether the remaining $36,500 was collectable from the guaranty fund or merely one of the general claims against the bank. The status of a similar deposit in a failed bank at Berwyn, where the amount involved is about the same, depends on what the supreme court's ruling is in the Anselmo case.—Star.
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High Court Holds In Favor of County An appeal by the state of Nebraska and the receiver of the failed People's State bank of Anselmo, from the district court's decision in Custer county ordering a draft made on the state guaranty fund for the entire $44,000 of county funds deposited in the bank at the time of its closing, was argued to the supreme court Monday forenoon. W. L. McCandless, former county treasurer who made the deposit, and and his bond sureties are the interested parties in opposition to the state. Their attorney, N. T. Gadd, moved to dismiss the appeal because it had not been preceded by motion for new trial. H. M. Sullivan, counsel for the bank receiver, declared such a motion had, in fact, been presented, but the trial judge held it was unnecessary in an equity proceeding. The Anselmo bank had only $15,000 capital, and under a strict interpretation of the state law it could receive only half that amount, or $7,500, as a deposit from the county. The receiver, acting in conjunction with the state banking bureau refused to allow more; whereupon a test suit was brought over the question whether the remaining $36,500 was collectible from the guaranty fund or merely one of the general claims against the bank. The status of a similar deposit in a failed bank, at Berwyn, where the amount involved is about the same, depends on what the supreme court's ruling is in the Anselmo case.
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SES WITH NE PROGRAMS autauqua closed a splendid lecture Josephus Daniels, of the U. S. Navy. program thruout the of extraordinary high or- the patrons were very much pleased with the class of entertainment furnished at the very nominal cost that the season ticket made possible. It had not been expected that the venture of bringing the very largest program here that was available would be a financial success, and the maximum amount of deficit allowed for under the contract will have to be paid by those who signed the guarantee, but this is not a large amount. CUSTER ATTORNEY CLAIMS GUARANTY FUND LIABLE Because the state banking bureau never objected to the excess deposit of Custer county funds made in the People's State Bank of Anselmo, but levied guaranty fund assessments upon the entire amount, County Attorney W. C. Schaper of Custer county, contends in an "amicus curiae" brief presented to the Nebraska supreme court, that the state is now stopped from claiming that the deposit was irregular and refusing to pay it. Former Treasurer W. L. McCandless of Custer county placed $44,000 of county funds on deposit with the Anselmo bank prior to its failure. Under the old banking law, no bank could legally receive a deposit of county funds in a sum greater than 50 per cent of its capital stock. The capital stock of the Anselmo institution was $15,000, and the state claims that only $7,500 of the whole amount was a legal deposit for which the guaranty fund became liable. The case was decided by Judge B. O. Hostetter in favor of the county and the bank receiver is appealing. It was held that when state banks a number of years ago were relieved from filing guaranty bonds to secure state and county deposits this modified the law and set aside the provision limiting such deposits to 50 per cent of capital stock, because the guaranty fund was then presumed to cover all deposits.—Star. MANY NEW LAWS TO GO IN EFFECT Another new law which interests many people is that requiring a bill of sale for poultry. The law provides in substance that whenever a person sells any chickens, ducks or turkeys or other fowls to a dealer of any kind, the dealer shall take a record of the poultry and the record shall be signed by the one who sells. The record shall state the number of birds purchased, the kind or breed and the name of the person or persons who raised them or from whom the seller procures them in case he is not the one who raised them. The law applies to both live and dressed poultry. A wholesaler is exempt if he does not purchase the birds from the producer. The object of the law seems to be to get a record of where poultry comes from and so prevent the purchase of stolen chickens by innocent persons. A penalty of not less than one dollar nor more than ten dollars is provided for failure to comply with the law and not less than $25 nor more than $50 for false statement. The law goes into effect August 2.—Gothenburg Times.
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SAYS STATE LOST THROUGH FAILURE TO FILE PROTEST Brief By Custer Attorney Claims State Guaranty Fund Liable. Because the state banking bureau never objected to the excess deposit of Custer county funds made in the People's State bank of Anselmo, but levied guaranty fund assessments upon the entire amount, County Attorney W. C. Shaper of Custer county, contends in an "amicus curiae" brief presented to the Nebraska supreme court, that the state is now stopped from claiming that the deposit was irregular and refusing to pay it. Former Treasurer W. L. McCandless of Custer county placed $44,000 of county funds on deposit with the Anselmo bank prior to its failure. Under the old banking law, no bank could legally receive a deposit of county funds in a sum greater than 50 per cent of its capital stock. The capital stock of the Anselmo institution was $15,000, and the state claims that only $7,500 of the whole amount was a legal deposit for which the guaranty fund became liable. The case was decided by Judge B. O. Hostetter in favor of the county and the bank receiver is appealing. It was held that when state banks a number of years ago were relieved from filing guaranty bonds to secure state and county deposits this modified the law and set aside the provision limiting such deposits to 50 per cent of capital stock, because the guaranty fund was then presumed to cover all deposits.
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BRIEF FILED IN THE ANSELMO BANK LITIGATION County Attorney Schaper has recently filed a brief in the Supreme Court in the case of the State vs the People's State Bank, of Anselmo, in which he represents Custer county. This case was decided by Judge Hostetler, in favor of the county and was latter appealed to the Supreme Court. In this brief which covers 23 pages, County Attorney Schaper contends that because the state Banking Bureau never objected to the excess deposit of county funds deposited in this bank but levied guaranteed fund assessments upon the entire amount that the state is now stopped from claiming that the deposit was irregular and refusing to pay it. At the time of the failure of the Anselmo bank the county had $44,000 on deposit. Under the old banking law, no bank could legally receive a deposit of county funds in a sum greater than 50 per cent of its capital funds. The capital stock of the Anselmo bank was $15,000 and the state therefore claims that only $7,500 of the whole amount was legal deposit for which the guarantee fund should be liable. In his ruling, Judge Hostetler found as follows: "I conclude that the department of trade and commerce must pay the receiver of the People State Bank the sum of $36,500.00 still due Custer county from the guaranty fund, and that said receiver shall pay over said sum to the treasurer of Custer county, for the use and benefit of Custer county, and that when said sum is so paid and the money received by the treasurer of Custer county, that the department of trade and commerce, for the use and benefit of the guaranty fund of the state, shall be subrogated to all the rights, of any, of the county of Custer against W. L. McCandless, former county treasurer, and his surety." From this decision the Attorney General appeals the case to the Supreme Court and the final outcome will be watched with interest by the tax payers of the county.—Custer County Chief.
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New Sale Is Ordered of Anselmo Bank's Assets Lincoln, Sept. 12.-The state bank. ing department announced today that the guarantee fund association and the banking department had objected to the sale in court at Broken Bow of assets of the failed Peoples State bank of nselmo, Neb., because the assets, consisting of papers and real estate, said to have been valued at 72,000, had been made by Receiver Emery F. Bush for 4,756 for the paper and 3,000 for the real estate. C. McKay, insley,A Neb., buyer of the failed bank's paper assets; John David, buyer. of the real estate assets, and Mr. Bush, the receiver, will be notified that a new sale is to be held, the banking department announced.
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SOME DISTRICT COURT ITEMS OF INTEREST TO LEADER READERS Copied from the Custer County Chief Court was in session week before last Conservative Investment Co., vs. John B. Rush, et al. Application of defendent Cora Sear to set aside deficiency judgement as to her, denied. Defendants except, Hall, Baird and Williams and Schaper and Runyan, attorneys for the plaintiff. N. Dwight Ford and Sullivan, Squires & Johnson attorneys for the defendants. Archie C. Duff, et al., vs. Myrtle L. Corell, et al. By agreement, sale confirmed. Deed not to issue until September 15th, 1924. Defendants to have possession of the property with right to retain until September 15, 1924. If reduction is not made at that time, deed to issue, also writ of assistance. Kelly and Schnell, attorneys for the plaintiff. Dierks Lumber and Coal Co. vs. Frank A. Gustafson, et al. Demurrer withdrawn. Defendants give thirty days to answer. J. S. Kirkpatrick and C. H. Holcomb, attorneys for the plaintiff. Schaper and Runyan, attorneys for the defendants. Effie Evans, vs. Joseph H. Evans. Sale confirmed. Deed ordered. Sullivan, Squires and Johnson, attorneys for the plaintiff. State of Nebraska, ex rel, Clarence A Davis, Attorney General, vs. The People's State Bank, Anselmo. Received ordered to pay the treasurer of Custer county balance of money due it as per previous judgement of this court, with interest at 7 per cent from the time the bank failed. O. S. Spillman and Sullivan, Squires and Johnson, attorneys for the plaintiff, N. T. Gadd, attorney for the defendant. State of Nebraska, ex rel, Clarence A Davis, Attorney General vs. The Berwyn State Bank. Receiver ordered to pay treasurer of Custer county money on deposit in said bank, with 7 per cent interest from time bank failed. O. S. Spillman and N. T. Gadd, attorneys for the plaintiff. The Security Mutual Life Insurance Co. vs. Spencer J. Leep, et al. Objections to confirmation sustained Sale vacated and set aside. New sale ordered. Field, Ricketts and Ricketts, and Sullivan, Squires and Johnson, attorneys for the defendants. N. T. Gadd, and Beal and Wilson, attorneys for the defendants. William U. Uhlman vs. Avis C. Cooley, et al. Frank Kelly appointed guardian at litem for Inez N. Uhlman and Bernice C. Uhlman. Court finds allegations of petition true. Judgement awarding partition. Report of referee approved. Property ordered sold for cash to highest bidder at court house. Broken Bow, Nebraska. Bond of referee fixed at $6,000.00. Sullivan Squires and Johnson, attorneys for the plaintiff and Sullivan, Squires and Johnson, attorneys for the defendants.
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ple's State bank of Anselmo, and of the Berwyn State bank of Berwyn, against the Fidelity and Deposit company of Maryland. and W. L McCandless, former county treasurer of Custer county. for recovery or funds put up by the state guaranty fund commission for losses suffered through the failure, three or four years ago, of the two banks named.