11322. Exchange Bank (Atkinson, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 7, 1897
Location
Atkinson, Nebraska (42.531, -98.978)

Metadata

Model
gpt-5-mini
Short Digest
12a9cdb09062bac4

Response Measures

None

Description

Contemporary articles (May 1897) report the Exchange Bank of Atkinson was taken in charge by the state bank examiner / suspended May 7, 1897, in the context of State Treasurer J. S. Bartley's embezzlement/shortage. The bank was placed in receivership (turned over to S. B. Howard) by May 17, 1897, and did not resume normal operations. No explicit depositor run is described; failure/suspension was driven by bank-specific adverse information tied to Bartley's misconduct and large related deposits/overdrafts.

Events (2)
1. May 7, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed revelations/administrative action tied to ex-State Treasurer J. S. Bartley's shortage and the bank examiner taking the bank in charge; Bartley had large deposits and overdrafts linked to state funds.
Newspaper Excerpt
The Exchange bank at Atkinson, Neb., suspended the 7th.
Source
newspapers
2. May 17, 1897 Receivership
Newspaper Excerpt
it went into a receiver's hands on May 17, 1897 ... it was turned over to S. B. Howard, receiver, the cashier filed and Howard receipted for all of the notes on hand.
Source
newspapers

Newspaper Articles (5)
1. May 8, 1897 The Herald Los Angeles, CA
Article from The Herald, May 8, 1897

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Article Text

TWO BANK FAILURES THE DALLES NATIONAL CLOSES ITS DOORS The Exchange Bank of Atkinson, Neb., Shut Up-Both Will Pay Depositors in Full THE DALLES, Ore., May 7.-Bank Examiner Clary posted a notice at 10 a.m. today on the door of The Dalles National Bank, closing it. This action was taken against the advise and protest of the bank's officers. Malcolm A. Moody, Cashier, had nothing to say in regard to the failure, except that depositors would be paid in full. The officers of the bank were ex-Governor z. F. Moody, President; Chas. Hilton, Vice-President; and M. A. Moody, Cashier. It is not thought here that the failure will affect any business houses in The Dalles, although the bank had a large mercantile clientage. It is reported that a disagreement among the stockholders led to the closing of the institution. No statement of assets and liabilities has been made. Bank Examiner Clary stated that he had received telegraphic instruction from Comptroller Eckels ,authorizing him to close the bank Wednesday. The Dalles city, and Wasco county, had deposits aggregating $10,000. Mr. Clary is in charge as temporary Receiver and a permanent one will be appointed soon. A NEBRASKA CONCERN LINCOLN, Neb., May 7.-The Exchange bank of Atkinson, ex-State Treasurer J. S. Bartley's bank, was taken in charge by the state bank examiner. The bank had a capital of $30,000. Its last statement shows assets amounting to $117,367. The liabilities are said to be somewhat under nominal assets. The bank was not a state depository only as Bartley saw fit to utilize it as such. The officers of the bank were J. S. Bartley, president; H. Bartley, vice-president; J. E. Allison, cashier.

2. May 12, 1897 The Ely Miner Ely, MN
Article from The Ely Miner, May 12, 1897

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the inflow of water into the Kelloe colliery near Durham, England. LATER. The business of the third annual convention of the National Municipal league was finished at Louisville, Ky. The National Mauufacturing company, which was branded by the attorney general of Wisconsin as a trust and proceeded against on that ground, has filed formal papers at Oshkosh dissolving the corporation. An engagement began early the 7th near Velestimo and lasted several hours, the Turks finally beating the Greeks back. The latter retreated upon Volo, sharply pursued by the Turks. A brutal prize fight occurred near Allegan, Mich., the 7th. Eddy Shannon, of Detroit, and Lew Agnew were the pugilists. The men kept at it until the 45th round, when both fell from exhaustion, dripping with blood. The Exchange bank at Atkinson, Neb., suspended the 7th. The Dalles (Ore.) National bank was closed the 7th by the bank examiner. The immediate cause of the closing was a disagreement among the stockholders. The Iowa legislature has adopted the wild rose as the official state flower. Four people were murdered at the farm house of Alexander Harris, near Waukesha, Wis., the. 7th. the victims being Mr. Harris, his wife, hired girl and hired man. The crime was committed by a farm hand named William Pouch, who had been sheltered by the farmer over night. The dead and wounded are: Alexander Harris, aged about 45 years, killed outright. Mrs. Harris, aged 44 years, killed. Hired girl, fatally wounded. Hired man, probably fatally wounded. Col Manos wires from Arta that the Turks have begun a wholesale massacre of the inhabitants in the interior of Epirus. Almost all the inhabitants of of the village of Kanvariena have been murdered, a few only escaped to the mountain. W. J. Calhoun, of Illinois, special counsel for the United States government, has gone to Cuba to investigate the conditions under which Dr. Ruiz met his death in the jail at Guanabacoa. A duel with sabers between Herr Wolff and M. Herica, two Austrian deputies resulted in the wounding of both. The little steamer Pinta which has served as a gunboat for many years in Alaskan waters has been ordered home to Mare Island. She has outlived her usefullness. The Turks have completely occupied and burned Velestino. Violent shocks of earthquake were felt at Rome and other points in Italy. Ex-Vice President Adlai E. Stevenson, Gen. J. C. Payne and United States Senator E. O. Wolcott, who were recently appointed by President McKinley as a commission to confer with the heads of European goyernments relative to the holding of an international bimetallic conference, sailed for Europe on the French liner La Touraine. Rosse Hall at Kenyon college, Mt. Vernon, Ill., was totally destroyed by fire causing a loss of $10,000. The hall was built by money raised in England. The Mallory line steamer Leona, bound from New York to Galveston, Texas, caught fire when a short distance at sea and was obliged to put back to port. When she reached New York 13 of the steerage passengers and three of the crew were dead. Among the documents recently captured from the insurgent leader Aguirre, was found one appointing Maj. Gen. Pedro Diaz as the successor of Rius Rivera. The Greek government has informed the ministers of the powers verbally that, following the recall from Crete of Col. Vassos, 25 officers and two companies of Sappers, the gradual withdrawal of troops from the island of Crete will take place. After a brief delay the powers will offer to mediate between Greece and Turkey. The queen regent of Spain has issued a decree authorizing the raising of £8,000,000, to be secured by the customs duties of Spain, to meet the cost of military operations in Cuba and the Phillippine islands. The Bank of Spain will undertake the issue. Wm. H. Phillips, a prominent attor-

3. May 13, 1897 Warren Sheaf Warren, MN
Article from Warren Sheaf, May 13, 1897

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south. Eleven men were drowned through the inflow of water into the Kelloe colliery near Durham, England. LATER. The business of the third annual convention of the National Municipal league was finished at Louisville, Ky. The National Mauufacturing company, which was branded by the attorey general of Wisconsin as a trust and proceeded against on that ground, has filed formal papers at Oshkosh dissolving the corporation. An engagement began early the 7th near Velestimo and lasted several hours, the Turks finally beating the Greeks back. The latter retreated upon Volo, sharply pursued by the Turks. A brutal prize fight occurred near Allegan, Mich., the 7th. Eddy Shannon, of Detroit, and Lew Agnew were the pugilists. The men kept at it until the 45th round, when both fell from exhaustion, dripping with blood. The Exchange bank at Atkinson, Neb., suspended the 7th. The Dalles (Ore.) National bank was closed the 7th by the bank examiner. The immediate cause of the closing was a disagreement among the stockholders. The Iowa legislature has adopted the wild rose as the official state flower. Four people were murdered at the farm house of Alexander Harris, near Waukesha, Wis., the 7th. the victims being Mr. Harris, his wife, hired girl and hired man. The crime was committed by a farm hand named William Pouch, who had been sheltered by the farmer over. night. The dead and wounded are: Alexander Harris, aged about 45 years, killed outright. Mrs. Harris, aged 44 years, killed. Hired girl. fatally wounded. Hired man, probably fatally wounded. Col Manos wires from Arta that the Turks have begun a wholesale massacre of the inhabitants in the interior of Epirus. Almost all the inhabitants of of the village of Kanvariena have been murdered, a few only escaped to the mountain. W. J. Calhoun, of Illinois, special counsel for the United States government, has gone to Cuba to investigate the conditions under which Dr. Ruiz met his death in the jail at Guanabacoa. A duel with sabers between Herr Wolff and M. Herica, two Austrian deputies resulted in the wounding of both. The little steamer Pinta which has served as a gunboat for many years in Alaskan waters has been ordered home to Mare Island. She has outlived her usefullness. The Turks have completely occupied and burned Velestino. Violent shocks of earthquake were felt at Rome and other points in Italy. Ex-Vice President Adlai E. Stevenson, Gen. J. C. Payne and United States Senator E. O. Wolcott, who were recently appointed by President McKinley as a commission to confer with the heads of European governments relative to the holding of an international bimetallic conference, sailed for Europe on the French liner La Touraine. Rosse Hall at Kenyon college, Mt. Vernon, Ill., was totally destroyed by fire causing a loss of $10,000. The hall was built by money raised in England. The Mallory line steamer Leona, bound from New York to Galveston, Texas, caught fire when a short distance at sea and was obliged to put back to port. When she reached New York 13 of the steerage passengers and three of the crew were dead. Among the documents recently captured from the insurgent leader Aguirre, was found one appointing Maj. Gen. Pedro Diaz as the successor of Rius Rivera. The Greek government has informed the ministers of the powers verbally that, following the recall from Crete of Col. Vassos, 25 officers and two companies of Sappers, the gradual withdrawal of troops from the island of Crete will take place. After a brief delay the powers will offer to mediate between Greece and Turkey. The queen regent of Spain has issued a decree authorizing the raising of £8,000,000, to be secured by the customs duties of Spain, to meet the cost of military operations in Cuba and the Phillippine islands. The Bank of Spain will undertake the issue. Wm. H. Phillips, a prominent attorney of Washington. D. C., was drowned while sailing on the Potomac river. Jim Parkes, the notorious train robher and two other desperadoss

4. July 19, 1901 The Red Cloud Chief Red Cloud, NE
Article from The Red Cloud Chief, July 19, 1901

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IS TO COLLECT UP Opinion Prevails That Bartley Will Reduce Shortage. INTERESTED PARTIES WILL NOT SAY Governor Savage Silent as to Real Meaning of Parole, but Claims That If His Plans Succeed Taxpayers of the State Will Not Feel Sorry. Notwithstanding Governor Savage's refusal to make known his plans, it is taken for granted by those acquainted with the circumstances of ex-State Treasurer Bartley's parole that he hopes to recover a considerable part Mr. Bartley's shortage. "If I succeed in my plans," said Gov- ernor Savage, "the tax-payers of the state will not be sorry that I paroled Bartley," "How much money do you hope to recover?" was the question asked Gov- ernor Savage. "I have not said that I expect to recover any money," he replied smil- ingly. Secretary Royse of the state banking board who has been corresponding with various parties in regard to the supervision of receivers of state banks, a work which was imposed upon the banking board by the last legislature has been peering into several defunct concerns. He has unearthed some new information concerning the Exchange bank of Atkinson, which was Mr. Bart- ley's bank before it went under. The state had $55,000 deposited in this bank and only $8,000 was realized after the receiver finished his work. Collection Campaign. Whether this movement is connected with a general movement started by Bartley to collect in money which may be due him, or whether it is merely a coincidence, will develop with time. Friends of Mr. Bartley have always contended that he had loaned money to men who were unable to return it when he was called to account for state funds. Without uttering a word, Bartley was convicted of embezzling $201,000, the proceeds of one state war- rant. "I would not be surprised," said a politician, "to find that Bartley and his attorney have already collected quite a large fund from persons who had the use of state funds. It is cer- tain that an effort will be made to collect much of the shortage, and no doubt the decision of the supreme court in the Ben Miles case will greatly ac- celerate collections from such sources, as no borrower of state funds will care to face a decision of that nature. Whether that decision is applicable to persons who secured money from Bart- ley may be doubtful, but no one de- sirees to test it. As to Bartley's telling anything, I do not believe he will utter a word."

5. October 18, 1910 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, October 18, 1910

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R. L. Metcalfe's Friends Roused By Hitchcock Declare His Slap at Former Employe is Cowardly-Metcalfe Refuses to Talk of Case. (From a Staff Correspondent.) LINCOLN, Oct. 17.-(Special.)-Lincoln friends of R. L. Metcalfe are incensed at the manner in which Congressman Hitchcock brings his name into the dealings he had with State Treasurer Bartley. They brand the statement of the Omaha editor as cowardly, saying that when during the primary fight, it was charged that Metcalfe had signed the petition for Bartley's parole, and had written an editorial in defense of granting such a parole the Omaha editor, under whom Metcalfe was working, had no work to say in defense of Metcalfe. At the time it was not generally known that Hitcheock had himself been on terms of intimacy with the defaulting treasurer, but had kept behind the cover of his editorial writer in taking a stand on the matter of pardon. They query. why Hitchcock should have found it necessary to name Metcalfe as his intermediary in the dealings with Bartley when Metcalfe, himself under fire because of his public attitude on the Bartley pardon and parole, had said no word which might implicate his chief in the same things, although the two were opponents in the primary fight, and although Metcalfe must have known that Hitchcock himself was the real man, in the confidential relations with Bartley and Metcalfe but the agent. Mr. Metcalfe would say nothing on the matter this morning, except this: "Any part 1 may have had in the transactions between Mr. Hitchcock and Mr. Bartley was that of a confidential nature and I can say nothing. What is said must come from Mr. Hitchcock, for whom I was working on salary at the time." The Exchange bank of Atkinson was the institution that Bartley ran for a number of years. It was incorporated on December 4, 1884, and went into a receiver's hands on May 17, 1897, right after Bartley got into trouble. At the time that it was turned over to S. B. Howard, receiver, the cashier filed and Howard receipted for all of the notes on hand. A list of these may be found with the reports of the bank in the state banking department. The name of Mr. Hitcheock does not appear thereon as a debtor of the bank, but as this list was prepared two years later than Mr. Hitchcock had his deal with Bartley, as per the letters printed, this proves nothing, as the notes may have been paid before. None of the bank's reports on file gives a list of debtors of the bank on any other date than that of the failure. Bartley owned the bank himself, four others holding a share each in order to qualify as directors. The capital stock was $30,000, and at the time of its failure its books showed a surplus of $10,000, deposits of $68,316 and loans and discounts of $90,734. The bank was in bad shape, being bolstered up by credit entirely by the fact that Bartley himself had $55,000 on deposit, although his personal account was overdrawn $112. The money was undoubtedly that of the state, but it was to Bartley's own credit. Later Attorney General Smythe filed suit against the bank, asserting that Bartley had filed no claim of ownership, but, being indebted to the state, the attorney general wanted to get for the state whatever dividend was paid thereon. Läter he' collected $6.700 on this claim. Outside of Bartley's big deposit there were deposits only of $13,000. A Lincoln attorney said today that when Bartley was running for treasurer he forced the collection of $2,000 Bartley was owing an eastern bank, and that the impression he got was that Bartley had no large amount of private funds on hand.