11939. Globe Loan & Trust Company (Omaha, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
trust
Start Date
December 1, 1907*
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
226830c312ff1dba

Response Measures

None

Description

Two contemporaneous Nebraska newspapers (Dec 1907) list the Globe Loan & Trust Company of Omaha among banks that have failed / are in the suspended account in State Auditor Searle's semi-annual report following Treasurer Bartley's defalcation. The articles identify the bank as failed/suspended; no explicit reopening is mentioned. Date of report/publication is December 1907. I therefore classify this as a suspension that resulted in closure. OCR appears correct for bank name and city.

Events (1)

1. December 1, 1907* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Listed among banks failed and placed in the suspended account in the State Auditor's semi-annual report tied to Treasurer Bartley's defalcation
Newspaper Excerpt
Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: ... Globe Loan and Trust company of Omaha
Source
newspapers

Newspaper Articles (2)

Article from The Columbus Journal, December 11, 1907

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Article Text

The State Capital Matters of General Interest FROM Nebraska's Seat of Government Auditor Searle's Report. The semi-annual report of State Auditor Searle for the period from June 1 to November 30, 1907, shows the out standing warrants at this time amount to $1,475,070.81; warrants issued during that period, $1,048,445.18; warrants paid during that period, $1,269,360.38. This shows that warrants to the amount of $220,915 have been paid off in excess of the warrants issued, but this is due to the heavy payment of wararnts issued against the temporary school fund. This issue was made last May, the amount being $457, 829. The warrants were paid just after June 1, bringing the payment in this six months' business and the is suance in the preceding period. As a matter of fact, the outstanding general fund warrants drawing interest amount to a greater sum than six months ago. June 1 the general fund warrants drawing interest amounted to $1,183,544, while at this time the amount is $1,385,$64, a difference of $201,520. This, however, was to have been expected, and is no indication that the state debt is increasing. The large appropriations of the last legislature have been paid during the last six months, while the collections are always less for this period of the year. During the next six months the collections wil be larger and the amount of warrants issued less. Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: Capital National bank of Lincoln, First National bank of Orleans, Merchants Bank of Lincoln, Globe Loan and Trust company of Omaha, Buffalo County National bank of Kearney:


Article from Custer County Republican, December 19, 1907

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Article Text

The State Capital Matters. of General Interest FROM Nebraska's Seat of Government Auditor Searle's Report. The semi-annual report of State Allditor Searle for the period from June 1 to November 30, 19C7, shows the outstanding warrants at this time amount to $1,475,070.81; warrants issued during that period, $1,048,445.18; warrants paid during that period, $1,269,360.38. This shows that warrants to the amount of $220,915 have been paid off in excess of the warrants issued, but this is due to the heavy payment of wararnts issued against the temporary school fund. This issue was made last May, the amount being $457, 829. The warrants were paid just after June 1, bringing the payment in this six months' business and the is suance in the preceding period. As a matter of fact, the outstanding general fund warrants drawing interest amount to a greater sum than six months ago. June 1 the general fund warrants drawing interest amounted to $1,183,544, while at this time the amount is $1,385,$64, a difference of $201,520. This, however, was to have been expected, and is no indication that the state debt is increasing. The large appropriations of the last legislature have been paid during the last six months, while the collections are always less for this period of the year. During the next six months the collections wil be larger and the amount of warrants issued less. Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: Capital National bank of Lincoln, First National bank of Orleans, Merchants Bank of Lincoln, Globe Loan and Trust company of Omaha, Buffalo County National bank of Kearney: