Liberty State Bank (Thurston, NE)

Episode Information

Episode UID
76119271553
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7611927 routing
Routing Number
76-1192
Start Date
May 2, 1929
Location
Thurston, Nebraska (42.177, -96.701)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cf42311548c0206f

Response Measures

None

Description

Receiver referenced in 1929; final dividend paid in 1932 indicating permanent failure and liquidation.

Events (2)
1. May 2, 1929 Receivership
Newspaper Excerpt
THURSTON BANK RECEIVER GETS JUDGMENT REVERSAL ... the Liberty State bank, Thurston judgment given to Carl Vogt had sued Vogt on note
Source
newspapers
2. * Suspension
Cause Details
Bank had failed earlier and was in liquidation/receivership; dividends being paid to depositors.
Newspaper Excerpt
A final dividend from assets of 4.7 percent, amounting to $3,404.23, has been paid to depositors of the Liberty State bank of Thurston, making a total of 12.7 percent or $9,198.62.
Source
newspapers

Newspaper Articles (4)
1. May 2, 1929 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, May 2, 1929

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Article Text

GROCERS PLAN ANNUAL MEET Nebraskans to Gather in Kearney on Eighth of May. Kearney. Neb.- -Concerted buying and advertising will loom large on the list of subjects to be discussed here. May by members of the Nebraska Retail Grocers association dent of the organization. will preside at the convention. Starting with noon luncheon at the Fort Kearney the will turn to business matters Immediately afterLouis Somner president of the Omaha association. will tell how fruit and can be made to third successful produce grocer's income. "How Get and Keep will be the subject for Foutch. Hugh Thorne, vice president the Nebraska Retail Grocers association. will give some pointers store arrangement other on speaker. say what should be expected from jobber THURSTON BANK RECEIVER GETS JUDGMENT REVERSAL versal was In supreme court by George Parker. the Liberty State bank, Thurston judgment given to Carl Vogt had sued Vogt on note Forty shares stock in the bank had been sold, Vogt says. by him to Cashier Chmelka, which he took notes in part He was unable to collect, he cashier's check and two certificates of deposit He says he signed note that time. Later Chmeltold he must show something the examiner for the certificates and he signed the note, which he was told he would not have In exchange. Chmelka gave him his own note, signed by Mr. A1Chmelka claimed that Vogt signed because he needed the money and that the cashier's check and certificates did not enter into this transaction. When the cashier used the bank's funds pay his personal debt. defendant liable for the amount received by him. the court holds. bank officer has no thority make such an agreement that he would to pay the

2. April 19, 1932 Lincoln Journal Star Lincoln, NE

Article Text

BANK Final Dividends Paid Depositors at Cornlea, Thurston. The Elba State bank, Elba, reorganized, recapitalized and made by stockholders, reopened for business Tuesday according to by the department of trade and The bank 20, 1931. The plan contemplates payment of depositors capital stock $10,000, surplus deposits $33,000 cash from banks officers Bertel Leth, president; Anton Spilinek, vice president and J. Sumovich, final dividend of 2.2 percent, $3,003.92, has been paid to depositors the failed Cornlea State bank. total payment percent, amountto $13,926.82. final dividend from assets of percent, amounting $3,has paid depositors the Liberty State Thurston, making total of 12.7 percent

3. April 19, 1932 Beatrice Daily Sun Beatrice, NE

Article Text

SUSPENDED LINCOLN, 19 state department of trade and today announced the organization and the reopening of the Elba State Elba. The bank business November Luikart, department secretary, said the institution was capitalized and placed in thoroughly solvent condition the stockholders. The plan reorganization. he said, contemplates ultimate payment in full to all depositors. Upon reopening. the bank had capital stock of $10,000; surplus, $2,500; deposits of $33,000, and of $12,000 due from other banks. Luikart also announced the pay ment of in dividends to failed state banks positors A payment of $$3,404, or nearly went to the depositors per the Liberty State bank Thurston, and the other $3,000. nearly per cent. went to the Cornlea state bank of Cornlea.

4. April 19, 1932 Lincoln Journal Star Lincoln, NE

Article Text

WOLL IN WARNING TO THE PROHIBITIONISTS Says If Law Not Modified Nullification by Congress Will Result. WASHINGTON. (AP). Matthew Woll, of the American Federation of Labor, testified to a senate committee that if national prohibition is not modified, "the pressure will become so great that nullification by congress will result and the federal government will cease to appropriate money for enforcement." He was one of several witnesses appearing on bills for a change in the prohibition laws. Woll contended the economic effect of legalizing beer is greatly needed to relieve the condition of labor. "Is it that we want revolution in this country?" he asked, his voice rising. "The remarkable thing to me is that labor has been so calm, so conservative during this depression." John Manning, secretary of the Union Label trades department of the American Federation of Labor, said hotels are the "middlemen" between the bootlegger and the drinker. Woll told the senators that in the enactment of prohibition, "purely a church organization has sought to enforce its own moral code by use of the policeman's club." Asserting that the labor group for which he spoke contains many persons active in the church, Woll warned that they may "arise in the church" and express their views. Denying a statement which he said had been made by Anti-Saloon league officials that he does not speak for labor, Woll said: "If this misrepresentation is to be continued, we shall venture into these cloistered walls and express our opinions there, because we are religious." Saying his father drank beer and (Continued on Page 6.) BANK AT ELBA REOPENS Final Dividends Paid Depositors at Cornlea, Thurston. The Elba State bank, Elba, reorganized, recapitalized and made solvent by stockholders, reopened for business Tuesday according to announcement by the department of trade and commerce. The bank suspended Nov. 20, 1931. The plan of reorganization contemplates ultimate payment of depositors in full. The capital stock is $10,000, surplus $2,500, deposits $33,000 and cash and due from banks $12,000. The new officers are: Bertel Leth, president; Anton Spilinek, vice president and J. S. Sumovich, cashier. A final dividend of 2.2 percent, amounting to $3,003.92, has been paid to depositors of the failed Cornlea State bank. The total payment is 10.2 percent, amounting to $13,926.82. A final dividend from assets of 4.7 percent, amounting to $3,404.23, has been paid to depositors of the Liberty State bank of Thurston, making a total of 12.7 percent or $9,198.62. GARDENS OVER STATE BENEFIT FROM RAINS Precipitation Light in Most Sections—.02 of an Inch Here. Afternoon rain reports received by the Burlington were: One inch, York; half inch, Kearney; 1 inch, Alma to Red Cloud; 1 inch Minden; light rain on Oberlin line of road and on east end of the St. Francis branch. These rains were in addition to those shown on the morning report. Spring showers that fell over most of the state during the night and Tuesday morning came at an opportune time for gardeners. Rains were light in most vicinities, the heaviest fall being recorded at Minden where one inch of moisture was received. The Burlington reported precipitation over the eastern territory and one-half inch of rain from Blue Hill to Holdrege. No moisture was recorded in the northwest. The rain began here shortly after 3 a. m. The weather bureau reported .16 of an inch between 7 a. m., and 2 p. m. Sioux City received a trace of moisture and North Platte, .18 of an inch. The telephone company recorded rain at the following towns: Ashland, Friend, Seward, Hebron, David City, Beatrice, Tecumseh, Fairbury, Nebraska City, Plattsmouth and Auburn. Hastings reported .45 of an inch fall; Harvard, .51 of an inch; Superior, .18 of an inch and both Fairmont and VIRGIL HARRIS BOUND OVER To Be Held for Present Term District Court. Virgil Harris was bound over to Tuesday to the present term of district court by Municipal Judge Polk who declared that he found reasonable cause to do so and fixed bond at $2,500 at the continuation of the hearing from Friday on a charge of robbing the Fenton Drug store. Attorney Stout stated to the court that he had been advised by Deputy County Attorney Young that he was willing that a copy of the police record go into evidence. Young requested that bond be fixed at $10,000. MRS. ALICE HEMRY DIES Alice F. Hemry, eighty-two, of 2519 D st., died Tuesday in Cleveland, according to a message received by Ray Pauley. The body will be brought to Lincoln for funeral on Friday. Mrs. Hemry,