11739. First National Bank (Kearney, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
2806
Charter Number
2806
Start Date
October 11, 1894
Location
Kearney, Nebraska (40.699, -99.081)

Metadata

Model
gpt-5-mini
Short Digest
de566ae63a116aec

Response Measures

None

Receivership Details

Depositor recovery rate
36.7%
Date receivership started
1894-10-24
Date receivership terminated
1902-01-22
OCC cause of failure
Losses
Share of assets assessed as good
6.2%
Share of assets assessed as doubtful
78.4%
Share of assets assessed as worthless
15.4%

Description

The First National Bank of Kearney suspended payment and closed doors on Oct 11, 1894 citing inability to collect or realize on assets. A receiver (Henry E. Lewis) was appointed by the Comptroller of the Currency in mid-November 1894, indicating permanent closure/receivership. No contemporaneous accounts describe a depositor run; reports emphasize suspension for inability to collect assets.

Events (4)

1. October 25, 1882 Chartered
Source
historical_nic
2. October 11, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors posted notice that the bank suspended payment because of inability to make collections or realize on assets (illiquidity/asset distress).
Newspaper Excerpt
This bank has suspended payment owing to impossibility to make collections or of realizing on assets.
Source
newspapers
3. October 24, 1894 Receivership
Source
historical_nic
4. November 12, 1894 Receivership
Newspaper Excerpt
The controller of the currency today appointed Mr. Henry E. Lewis receiver of the First National Bank of Kearney, which failed October 10, 1894.
Source
newspapers

Newspaper Articles (13)

Article from The Topeka State Journal, October 11, 1894

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Bank Fails at Kearney, Neb. OMAHA, Oct. 11.-A special to the Bee from Kearney, Neb., says: At a little afternoon, the directors of the First National bank closed their doors and ordered the following notice posted: "This bank has suspended payment owing to impossibility to make colleclections, or realize on their assets."


Article from Santa Fe Daily New Mexican, October 11, 1894

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A Bank Fails. Kearney, Neb., Oct. 11.-The directors of the First National bank closed its doors to-day and ordered the following notice posted: "This bank has suspended payment owing to the impossibility of making collections or of realizing on assets." There is no special excitement, the other banks not being effected.


Article from San Antonio Daily Light, October 11, 1894

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Another Bank Busted. KEARNEY, Neb., Oct. 11.-The First National bank suspended payment, and closed doors this afternoon.


Article from The Seattle Post-Intelligencer, October 12, 1894

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Business Failures. KEARNEY, Neu., Oct. 11-The directors of the First National bank closed the doors today and ordered the following notice to be posted: "This bank has suspended payment, owing to the impossibility of making collections or realizing on the assets." There is no special excitement. Other. banks are not affected. The suspended bank was the largest in Kearney, its capital being $200,000.


Article from Rock Island Argus, October 12, 1894

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Nebraska Bank Suspends. KEARNEY, Oct. 12.-The directors of the First National bank closed its doors and ordered the following notice posted: "This bank has suspended payment owing to impossibility to make collections or realize on their assets." There is no special excitement on the street and the other banks are not affected.


Article from The Salt Lake Herald, October 12, 1894

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BANK GOES UP. Kearney, Neb., Oct. 11.-The directors of the First National bank closed its doors this afternoon and posted the following notice: "This bank has suspended payment, owing to impossibility to make collections or realize on the assets." The bank had a capital of $200,000.


Article from The Guthrie Daily Leader, October 13, 1894

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The Kearney First National Closed. OMAHA, Neb., Oct. 12.-The First National bank of Kearney suspended at noon to-day, after asking and being refused a loan: of $25,000. No statement is made, but deposits are estimated at over $400,000. Impossibility to collect and to realize on assets at present is the reason given. Dr. Price's Cream Baking Powder World's Fair Highest Medaland Diploma.


Article from The Irish Standard, October 20, 1894

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Mrs. Jetta Swarts died in Chicago at the age of 105 years. Snow fell in many counties in Pennsylvania to the depth of 8 inches. The Merced bank at Merced, Cal., closed its doors with heavy liabilities. The Tabor Amusement company at Denver assigned with liabilities of $275,000. The First national bank of Kearney, Neb., suspended because unable make collections. In the Belgian election* the liberals met with defeat. surprising gains were made by the socialists. Black dipntheria was raging in the India gas belt, especially in AnderSed, Elwood and Middletown. The new issue of postage stamps was rapidly being disposed of, the government sending out 20,000,000 a day. Experiments at an Omaha distillery of making spirits from beet sugar molasses have proved very successful. Louis Gimm, of Cleveland, rode 383 miles 1,490 yards in a day on his bi, cycle. surpassing Spooner's record. Edward Crate, one of the pioneers of the far northwest, and the original settler at The Dalles, Ore., is dead. In the recent storm on the gulf coast fifteen fishermen lost their lives on Sand island, near Apalachicola, Fla. Chester Hill, an Ohio village, was almost wiped out by fire. The loss will reach $75,000, with no insurar. is Frank McIntyre, James word and Frank Britton, of New Brighton. N Y., were drowned by the capsizing of a boat. The French press is urging the gov ernr ent to declare war on Madagas car and immediately blockade its prts. Thomas B. Reed, of Maine, opened the republican campaign in New York with a protection address at Cooper union. The directors of the Washington Park club in Chicago decided to aban don racing, but will maintain the club house. Henry H. Green, a classmate of Gen. Grant at West Point and a Mexi can war veteran, died at Mora, N. M. aged 71. Otto Zeigler rode a mile in 1:50 at Sacramento. Cal., reducing Johnson's world's bicycle record three-fifths of a second. A stranger distributed about $400 in worthless old Indiana state bank notes at Anderson, Ind., and disap peared. Twenty-one persons were seriously injured and property worth $40,000 de stroyed by a train collision at New Orleans. William Pattison, an escaped madman, entered a church at York, Pa. and stampeded the congregation by firing right and left. T. L. Dixon, an ex-state official of Kansas, makes affidavit that Mrs. Mary E. Lease urged him to steal $20,000 from the state. Letter Carrier Smith rode from Chi cago to New York on his bicycle in ? days 14 hours and 5 minutes, lowering his own record. The post office at New Albany, Ind. was robbed during the noon hour of $4,000 in stamps and several hundred dollars in cash. Charles B. Allen, alias Harry Con way, leader of a gang of bank swind lers, was arrested in Chicago and con fessed his crimes. During a riot among drunken Slavs at Maltby, Pa., a boy was shot dead. two girls fatally wounded and two persons badly hurt. Willis Griffey (colored). charged with assault on Miss Leha Berry (white). was taken from jail at Princeton, Ky by a mob and hanged. Col. Breckinridge was suspended from communion by the congregation of Mount Horeb (Ky.) Presbyterian church until February. John Joy, who robbed a man of five dollars, was sentenced to prison for life by a San Francisco judge under the habitual criminal act. Through a sign announcing world's fair goods for sale the Chicago police captured Miss C. H. Siske, who had stolen vast quantities of goods from hotels. Mrs. Elizabeth Zang. who. after


Article from The Diamond Drill, October 20, 1894

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. AT an incendiary tenement house fire in Boston two men leaped to death and two others were fatally hurt. FIVE men were killed, two fatally hurt and several more seriously burned by a boiler explosion at Shamokin, Pa. CORBETT and Fitzsimmons signed articles to fight after July 1, 1895, at Jacksonville, Fla., for a purse of $41,000 and $10,000 a side. THE steamer Hartford went upon the rocks near Woodville. N. Y., and Capt. O'Toole and his crew of six men were lost. MAJ. GEN. SCHOFIELD, in his annual report to the secretary of war, asks for an increase in the national forces, says state troops are not enough and that the government should be allpowerful against uprisings. IN a pacing race between Robert J. and Joe Patchen at Sioux City, Ia., the former won three straight heats, making the last one in 2:03 1/4. AT the annual session in Evansville, Ind., of the American Humane SO ciety J. J. Shortall, of Chicago, was reelected president. JULIUS LICHTENBERG, a Detroit school inspector indicted for receiving a bribe, shot himself fatally. J. J. P. ODELL, of Chicago, waselected president of the American Bankers' association in session at Baltimore. NATHAN GREEN, Elsworth McAfee and William Green perished in a burning hay mow in Mercer county. FURIOUS gales swept Lake Erie and lower Lake Huron, disabling several large boats and injuring a number of sailors. CHARLES B. ALLEN, alias Harry Conrueq JO Sues B 10 Inader 'ABM' lers, arrested in Chicago and confessed his crimes. OFFICIAL estimates of the wheat -usnq 18 1! place only u! do.re els, the largest in the state's history. THE First national bank of Kearney, Neb., suspended because unable to make collections. ON account of the failure of the corn erop all the hogs in Nebraska were being shipped into states where feed can be secured. THE exchanges at the leading clearing houses in the United States during the week ended on the 12th aggregated $927,428,877, against $999,555,197 the previous week. The increase, compared with the corresponding week in 08 SEAL '8681 NEGRO Catholies, in national convention at Baltimore, petitioned the president to protect colored men. THE report of Commissioner of Pensions Lochren for the fiscal year ended June 30, 1894, shows that the number of pensioners on the rolls at that time was 959,544 The amount paid for pensions during the year was $139,804,461, leaving a balance in the treasury of $25,305,713 of the appropriation. THERE were 231 business failures in the United States in the seven days ended on the 12th, against 219 the week previous and 393 in the correspondS681 up thin Suz ONLINE paced an exhibition mile at Sioux City, Ia., in 2:04, lowering his own world's record of 2:07 1/4. THE striking spinners at Fall River, Mass., voted to accept a reduction of 10 per cent. and return to work. PROF. DAVID SWING'S death ends the organization in Chicago of the Central church. No successor will be named. Gov. MITCHELL says he will convene the Florida legislature if necessary to prevent the Corbett-Fitzsimmons fight in that state. A LABOR parliament will be held in Chicago on November 13, at which the relations of labor and capital will be discussed by leading thinkers from all standpoints with a view to bettering present conditions. THE schooner Sea Foam capsized at Shears, in the Delaware bay, and the captain and crew of five men perished. DECEMBER wheat sold down to 56% cents in New York, the lowest price in the history of the market there. THE Buffalo county national bank at Kearney, Neb., closed its doors. SEVEN masked robbers held up a fast mail train near Quantico. Va., and rifled the express car and mail pouches, securing probably $50,000. FURTHER advices state that the two bandits who robbed the Overland express near Sacramento, Cal., secured between $50,000 and $75,000. WHOLESALE grocers of Chicago are leaders in a revolt against the sugar trust which is spreading over the entire country. THE will of Richard Smith, the wealthy typefounder, leaves more than $1,000,000 to the city of Philadelphia. G. W. HOWARD. vice president of the American Railway union, had his pocket picked in Chicago of a book containing forty railroad passes. THE federal grand jury at Madison, Wis., found indictments against fiftyeight persons charged with stealing land. ARMED tramps took possession of


Article from The Washington Bee, October 20, 1894

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THIS WEEK'S NEW& A Summary of Current Events-The World's Doings for the Past Six Davs Gathered and Condensed for Our Readers. General. Frank Craig, the New York prize isfighter, has accepted the challenge sued by Ted Pritchard, of London. Gen. J. Warren Keifer, ex-Speaker of the Ohio House of Representatives, for announces that he is a candidate It is Governor. reported that 4,500 of the Scotch miners who were among the strikers have resumed work, and that the strike is dying out. The report of the Yale Financial Union for the season of 1893-4, as made public, shows total receipts for the year of $61,480.71. A private letter received at Silma from Cabul, the capital of Afghanistan, says that the Amir, Abdur Rahman Khan, is seriously ill. Henry H. Pierce, a well-known rest dent of South Norwalk, Conn., took a in !arge dose of paris green. He died the Norwalk Hospital. Lord Rosebery has returned to Lon- His don from Dalmeny Park, Scotland. of Lordship's stay in Scotland was short duration, he having arrived there uo Aluo The new mills at the American TinPlate Factory at Elwood, Ind., have been started up, and President Leeds has informed the men that there will be no reduction in wages. A dispatch from Paris to the London Times says that Auguste Jean, a ab- coulissier or outside stock broker, has sconded. leaving behind him liabilities amounting to over 1,000,000 francs. The President has accepted the resignation of Second Lieut. Butler Ames, -Xo Jo uos B Internity Eleventh eqf JO Gov. Ames, of Massachusetts, and a Butgrandson of the late Benjamin F. ler Brig.-Gen. Otis has rebuked the officers of a court-martial at Vancouver Barracks, Washington, who tried Capt. InWilliam P. Goodwin, Fourteenth on duty. fantry. on the charge of drunkenness Louis Kessler, of Holland, N. Y., shot and killed his wife Annie while Mrs. she was at lunch with her mother, Frederick Schleifer, and then killed himself. Family troubles led to the Nine shooting. prisoners have escaped from the Madison County jail at Asheville, N. C., among them George and William Cody, sentenced to hang, and George Roberts and George Hensley, indicted for murder. The First National Bank "of Kearney, Neb., has closed its doors and posted this notice: "This bank has suspended payment owing to on impossibility to make collections or realize its assets." Henry Dykes's corn crib at Clarksville, Tex., was fired, and as he rushed out of the house to save his agricultural implements his face and him breast were filled with buckshot, killing The instantly. cholera reports for July and and August show that 3,713 cases Pe2,043 deaths were reported in St. tersburg and its suburbs in those two months. The disease occurs now only sporadically. President of the


Article from Evening Star, November 12, 1894

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Receiver Appointed. The controller of the currency today appointed Mr. Henry E. Lewis receiver or the Buffalo County National Bank of Kearney, Neb., which suspended payment October 11, 1894. Mr. Lewis is also receiver of the First National Bank of Kearney, which failed October 10, 1894.


Article from The Guthrie Daily Leader, November 13, 1894

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Receiver for Two Broken Banks. Washington, Nov. 12.-The ecraptroller of the currency has appointed Henry E. Lewis receiver of the Buffalo County National bank of Kearney, Neb., which suspended October 11. He is also receiver of the First National bank of Kearney, which failed October 10.


Article from Omaha Daily Bee, April 19, 1895

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Changes in the Platte Institute. KEARNEY, Neb., April 18.-(Special.)Prof. C. A. Murch, who has had charge of the Platte institute since its opening, has resigned his position and will sever his connection with the institution at the close of this present term. Prof. Harry Russell of Chadron has been engaged to fill the position vacated by Prof. Murch. Messrs. H. H. Stoddard and H. D. Watson have made arrangements for handling and raising chickens and poultry of all kinds on an extensive scale. The business will be conducted under the name of the Watson & Stoddard Poultry company and the principal place of business will be on the Watson ranch three miles west of town. The building formerly occupied as a plow factory will be transferred into a vast hatching house and chicks will be hatched by the thousands by the incubator process. Stoddard is one of the poultry men of the United States, having had the experience of a lifetime. and is the publisher of the Poultry World and the Poultry Yard, besides being the author of a book on poultry breeding. It is expected that this will develop into one of the leading industries of the county. The receiver of the First National bank and the Buffalo County National bank has just sent out notices of assessment on the shares of stock in these banks. The assessment on the First National calls for 96 per cent and the one on the Buffalo County National 82 per cent. The indications for a large crop in Buffalo county were never better than they are now. The land is in splendid condition and everything is favorable. There is a large acreage of small grain being put in and farmers are feeling quite hopeful and happy. Yesterday was the fiftieth birthday anniversary of Rev. John Powers, pastor of the Congregational church, and his friends celebrated the event by calling on him and presenting him a handsome rocking chair. The presentation was made by C. B. Finch.