11967. Omaha Savings Bank (Omaha, NE)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
October 9, 1901
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
1e683a984a010633

Response Measures

None

Description

Articles describe two related items in 1901: (1) a depositor asked the court (Oct 9, 1901) to appoint a receiver for the Omaha Savings Bank that 'failed five years ago' alleging officers failed to pay depositors and transferred assets; (2) a Dec 9, 1901 notice reports a run on the Omaha Savings Bank that was checked by prompt payment. The Dec. 9 run was met by the bank paying out and did not lead to suspension in the articles provided. OCR typos corrected (e.g., 'Omaba' -> 'Omaha').

Events (2)

1. October 9, 1901 Receivership
Newspaper Excerpt
Simon Bloom, a depositor in the Omaha savings bank, which failed five years ago, yesterday asked the district court to appoint a receiver for the bank... alleges that the officers of the bank gave bond for the payment of depositors in full, but that they have failed to do so, and, in consideration of $100, have transferred $300,000 worth of real estate to a local firm. He asks that the court compel the officers of the bank to make a showing of the actual value of this property and to make an accounting of the defunct bank's assets .
Source
newspapers
2. December 9, 1901 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors gathered to withdraw funds; run was quelled when the bank made prompt payments to depositors (suggests nervousness/rumor-driven withdrawals rather than disclosed insolvency).
Measures
Prompt payment to withdrawing depositors to check the run.
Newspaper Excerpt
RUN ON A BANK. Omaha Savings Bank Checks a Run by Prompt Payment. There was a considerable number of depositors ... to withdraw their money when the doors of that institution opened this morning. Vice president ...
Source
newspapers

Newspaper Articles (3)

Article from Abilene Weekly Reflector, October 10, 1901

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Article Text

Receiver for an Insolvent Bank Wanted. Omaha, Neb., Oct. 9.-Simeon Bloom, a depositor in the Omaha savings bank, which failed five years. ago, yesterday asked the district court to appoint a receiver for the bank. Bloom alleges that the officers of the bank gave bond for the payment of depositors in full, but that they have failed to do so, and, in consideration of $100, have transferred $300,000 worth of real estate to a local firm. He asks that the court compel the officers of the bank to make a showing of the actual value of this property and to make an accounting of the defunct bank's assets. Chinaman Found with His Head Severed. Cléveland, O., Oct. 9.-Sing Ki, a Chinaman restaurant keeper, was found dead in his room last night with his head almost severed from his body. He was last seen alive Monday night. when he was quarreling with a waitress in his restaurant. She proved an alibi, however, and was released after a brief imprisonment. Chow Ki, a brother of the dead man, says his brother was a member of the highbinders' society.


Article from The Van Buren Press, October 12, 1901

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Article Text

A Receiver Asked For. Omaha, Neb., Oct. 9.-Simon Bloom, a depositor in the Omaha savings bank, which failed five years ago, yes terday asked the district court to appoint a receiver for the bank. Bloom alleges that the officers of the bank gave bond for the payment of depositors in full, but that they have failed to do so, and, in consideration of one dollar, have transferrèd $300,000 worth of real estate to a local firm. He asks that the court compel the officers of the bank to make a showing of the actual value of this property.


Article from The Butte Inter Mountain, December 9, 1901

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Article Text

RUN ON A BANK. Omaba Savings Bank Checks a Run by Prompt Payment. (By Associated Press.) Omaha, Dec. 9.-There was a considerble number of depositors of the Society Savings.bank present to withdraw their oney when the doors of that institution pened this morning. Vice president