12692. First National Bank (Alliance, NE)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4226
Charter Number
4226
Start Date
October 1, 1931
Location
Alliance, Nebraska (42.102, -102.872)

Metadata

Model
gpt-5-mini
Short Digest
6c4cf50d

Response Measures

Full suspension, Books examined

Other: Receiver appointed and reorganization plan to open successor bank (Nebraska National) with deposit waivers.

Receivership Details

Depositor recovery rate
66.6%
Date receivership started
1931-11-03
Date receivership terminated
1938-06-21
Share of assets assessed as good
40.6%
Share of assets assessed as doubtful
54.3%
Share of assets assessed as worthless
5.1%

Description

Newspaper texts describe a heavy run (withdrawals beginning about Oct. 1, 1931) driven by an unfounded 'whispering campaign' that forced the First National Bank of Alliance to close its doors. A receiver was appointed and depositors/workers pursued reorganization; by April 1932 plans and petitions to the national bank examiner were in place to open a successor (Nebraska National Bank). Thus sequence: run → suspension/closure → reorganization/reopening.

Events (7)

1. February 3, 1890 Chartered
Source
historical_nic
2. October 1, 1931 Run
Cause
Rumor Or Misinformation
Cause Details
An unfounded 'whispering campaign' (rumors) precipitated heavy withdrawals over weeks, siphoning off deposits.
Measures
Directors ultimately closed the doors to protect remaining deposits; officers worked to reorganize and sought assistance from stockholders and examiners.
Newspaper Excerpt
The drastic run on the bank started about the first of October' 1931 ... the whispering campaign directed against the First National Bank
Source
newspapers
3. November 1, 1931* Receivership
Newspaper Excerpt
Tabulation of these is now being made by Mr. Rafter, examiner ... and receiver has been placed in charge. ... R. O. Reddish, Frank Abegg and Ben J. Sallows ... committee representing stockholders returned ... negotiating for the grant of charter to open the new bank and for the national banking head's approval to plan for acquisition. Ben C. Bond, receiver for the defunct First National bank of Alliance during the past eight months, is to be transferred ... (July 1932).
Source
newspapers
4. November 1, 1931* Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed after sustained withdrawals caused by the whispering campaign; directors deemed it advisable to close to protect remaining deposits.
Newspaper Excerpt
The First National Bank ... closed its doors at noon Saturday ... the closing of this well founded establishment
Source
newspapers
5. November 3, 1931 Receivership
Source
historical_nic
6. March 9, 1932 Other
Newspaper Excerpt
Reorganization of the First National bank of Alliance, which closed last fall, was practically assured Thursday ... Another examiner is being sent to Alliance to make a further survey before definite announcement is made -Ex.
Source
newspapers
7. April 21, 1932 Other
Newspaper Excerpt
DEPOSITORS SIGNING WAIVERS APPROVING FOR NEW BANK ... plan approved by the comptroller of the currency for the opening of new bank here ... The plan: the new bank guarantees the payment of 50 per cent every assigned deposit ... Capital and surplus of the new bank will be $110,000 and been subscribed by stockholders of the new institution.
Source
newspapers

Newspaper Articles (17)

Article from The Poultney Journal, August 29, 1930

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CONVENTION IN ALLIANCE 1932 This City Was Chosen For Next Convention of District Teachers Alliance will entertain the teachers of the sixth district at their annual convention in 1932. This city was chosen as the next meeting place at the convention held at Sidney last week. Scotts.bluff and Chairon also put in strong bids for the convention. Alliance received 485 votes over Scotts bluffs 338. A different method of selection was used this year and teachers were given ballots upon registration and these completed Thursday. In previous years were counted when registration was the vote has been taken by acclamation. Over 1,200 teachers registered for the three-day convention at Sidney It is estimated there are nearly 1,700 teachers in the sixth district, some of them attneded similar meetings held in Lincoln and Omaha and other convention cities. The last time this city was host to the school teachers was in 1929. Secretary of the Chamber of Commerce. W. E. Spencer, sent out special invitations to the teachers so that they might know of Alliance when they placed their ballot upon registration. The meeting last year was held at Scottsbluff. N. L. Tyson, of Minatare, presided over the sessions as president of the district. Mrs. Viola Shepherd of Bridgeport was elected president of the organization for the coming year. She is county superintendent of Morrill county and won by a large majority over Tho. A. Frye of Hyannis. Educational addresses and instructions on modern methods of teaching took up the session held in the mornings and afternoons of the convention. Sidney put on many varied entertainments for the teachers and a football game was scheduled for their benefit. Among the speakers at the convention were: E. W. Butterfied, commissioner of education, Connecticut: Mabel A. Bessey, Bay Ridge high school, Brooklyn, N. Y.: Henry F. Schulte. University of Nebraska, coach; Harry L. Gogleman: J. G. McMasters, principal of Omaha Central high school: Hattle Moore Mitchell, Pittsburgh, Pa. Alliance teachers reurned to this cl ty Friday and Saturday. Several at-tended conventions over the eastern part of the state and returned last week-end. This city is centrally located in the sixth district and is a favorite Convention city for the teachers. carried at $15,000, but which is estimated to be worth around $40,000. Equipment purchased recently at a cost of $8.700 is not listed no the asset statement. The extent of damage caused by the whispering campaign directed against the First National Bank cannot be realized at this time. Alliance and its vicinity is just recovering from the immediate shock of the closing of this well founded establishment, but the greatest damage is to come In the form of decreased trade and lack of available funds to properly carry on the business of merchants and ranchmen alike. Investigation as 'to the identity of those starting and perpetrating the idle rumor against the banking institution is being made and its is expected that some action will be taken as such an act is deemed a felony in this state and punishable as such under the statutes of Nebraska. Definite announcement as to the procedure to be taken by the bank officials is expected by the end of this week. Mr. Ategg and Mr. Newberry returned to Alliance this morning from Denver and will meet with the remaindr of directors concerning the course to be pursued.


Article from The Poultney Journal, August 29, 1930

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First National Bank Closes Doors Saturday (Continued from page One) paign against the bank resulted in tre withdrawal of about $1,575,000.00 leaving a balance on hand of about $1,535,000.00. The drastir run on the bank started about the first of October' 1931, when the bank had on deposit $2,114,000.00 which amount was sapped away at the rate of $20,000 a day for the last thirty days. The strength of the institution is shown by the length of time it was able to stand this unprecedented run, but the directors finally deemed It advisable to close the doors to protect the balance of deposits. Eugene Ford of Chicago, former owner of the controlling interest in the First National, hastened to Alliance and spent two days the first of the week with Mr. Abegg. Mr. Ford is still a stockholder in the bank and interested in its affairs. He promised all the assistance possible in the reorganisation of the Institution if such a plan could be evolved. Mr. Ford is connected with several large enterprises in Chicago at this time. Outstanding loans totaling over half million dollars are secured by livestock, and land mortgages, forced collection of which in the month's period would have ruined more than half the people in this city's surrounding territory, Low prices of livetock and farm products have placed the people in such condition that the bank's insistence upon payment at this time would have wiped out ranchmen and dealt this section of the country a terrific financial blow. Depositors are in sympathy with the action of the bank officials and stand ready to back the reorganipation and reopening of the bank. Large depositers and stockholders, with few exceptions, are willing to agree to leave their money on deposit or a year if the bank is reopened. Officers made a frantic effort to keep the bank open up until the last day of business. Frank Abegg, president of the institucion, worked 15 to 18 hours daily in an effort to weather the storm of withdrawal. but lost the fight as the load increased. The bank owns considerable property which will be listed among the assets in addition to the bills receivable. Notes totaling about $274,000.00 have been charged off and paid out of the bank earnings, in place of diviends, and many of these are collectable. There is also 3,615 jacres of Marm land in this county. clear of insumbrance, nine lots, four residences, one Box Butte avenue businsss propcity, and the banking house which is


Article from The Roanoke Times, December 12, 1930

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CONVENTION IN ALLIANCE 1932 This City Was Chosen For Next Convention of District Teachers Alliance will entertain the teachers of the sixth district at their annual convention in 1932. This city was chosen as the next meeting place at the convention held at Sidney last week. Scotts.bluff and Chairon also put in strong bids for the convention. Alliance received 485 votes over Scotts bluffs 338. A different method of selection was used this year and teachers were given ballots upon registration and these completed Thursday. In previous years were counted when registration was the vote has been taken by acclamation. Over 1,200 teachers registered for the three-day convention at Sidney It is estimated there are nearly 1,700 teachers in the sixth district, some of them attneded similar meetings held in Lincoln and Omaha and other convention cities. The last time this city was host to the school teachers was in 1929. Secretary of the Chamber of Commerce. W. E. Spencer, sent out special invitations to the teachers so that they might know of Alliance when they placed their ballot upon registration. The meeting last year was held at Scottsbluff. N. L. Tyson, of Minatare, presided over the sessions as president of the district. Mrs. Viola Shepherd of Bridgeport was elected president of the organization for the coming year. She is county superintendent of Morrill county and won by a large majority over Tho. A. Frye of Hyannis. Educational addresses and instructions on modern methods of teaching took up the session held in the mornings and afternoons of the convention. Sidney put on many varied entertainments for the teachers and a football game was scheduled for their benefit. Among the speakers at the convention were: E. W. Butterfied, commissioner of education, Connecticut: Mabel A. Bessey, Bay Ridge high school, Brooklyn, N. Y.: Henry F. Schulte. University of Nebraska, coach; Harry L. Gogleman: J. G. McMasters, principal of Omaha Central high school: Hattle Moore Mitchell, Pittsburgh, Pa. Alliance teachers reurned to this cl ty Friday and Saturday. Several at-tended conventions over the eastern part of the state and returned last week-end. This city is centrally located in the sixth district and is a favorite Convention city for the teachers. carried at $15,000, but which is estimated to be worth around $40,000. Equipment purchased recently at a cost of $8.700 is not listed no the asset statement. The extent of damage caused by the whispering campaign directed against the First National Bank cannot be realized at this time. Alliance and its vicinity is just recovering from the immediate shock of the closing of this well founded establishment, but the greatest damage is to come In the form of decreased trade and lack of available funds to properly carry on the business of merchants and ranchmen alike. Investigation as 'to the identity of those starting and perpetrating the idle rumor against the banking institution is being made and its is expected that some action will be taken as such an act is deemed a felony in this state and punishable as such under the statutes of Nebraska. Definite announcement as to the procedure to be taken by the bank officials is expected by the end of this week. Mr. Ategg and Mr. Newberry returned to Alliance this morning from Denver and will meet with the remaindr of directors concerning the course to be pursued.


Article from The Roanoke Times, December 12, 1930

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First National Bank Closes Doors Saturday (Continued from page One) paign against the bank resulted in tre withdrawal of about $1,575,000.00 leaving a balance on hand of about $1,535,000.00. The drastir run on the bank started about the first of October' 1931, when the bank had on deposit $2,114,000.00 which amount was sapped away at the rate of $20,000 a day for the last thirty days. The strength of the institution is shown by the length of time it was able to stand this unprecedented run, but the directors finally deemed It advisable to close the doors to protect the balance of deposits. Eugene Ford of Chicago, former owner of the controlling interest in the First National, hastened to Alliance and spent two days the first of the week with Mr. Abegg. Mr. Ford is still a stockholder in the bank and interested in its affairs. He promised all the assistance possible in the reorganisation of the Institution if such a plan could be evolved. Mr. Ford is connected with several large enterprises in Chicago at this time. Outstanding loans totaling over half million dollars are secured by livestock, and land mortgages, forced collection of which in the month's period would have ruined more than half the people in this city's surrounding territory, Low prices of livetock and farm products have placed the people in such condition that the bank's insistence upon payment at this time would have wiped out ranchmen and dealt this section of the country a terrific financial blow. Depositors are in sympathy with the action of the bank officials and stand ready to back the reorganipation and reopening of the bank. Large depositers and stockholders, with few exceptions, are willing to agree to leave their money on deposit or a year if the bank is reopened. Officers made a frantic effort to keep the bank open up until the last day of business. Frank Abegg, president of the institucion, worked 15 to 18 hours daily in an effort to weather the storm of withdrawal. but lost the fight as the load increased. The bank owns considerable property which will be listed among the assets in addition to the bills receivable. Notes totaling about $274,000.00 have been charged off and paid out of the bank earnings, in place of diviends, and many of these are collectable. There is also 3,615 jacres of Marm land in this county. clear of insumbrance, nine lots, four residences, one Box Butte avenue businsss propcity, and the banking house which is


Article from Bristol Herald, December 19, 1930

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Run On Was Thirty The First National Bank city closed its doors at noon Saturday records of the banking tion were taken over by Rafter, national bank Cheyenne. Closing of bank order of the board of directors and the cause given as depleted funds due continued ing million and half dollars the past ten months. An unfounded "whispering campaign" against the bank, and largest bank in the western part this state, caused on stitution which amounted about withdrawals the last thirty days. Officers of the bank clare that it not insolvent but that necessary to close the continuous Frank Abegg president of the closed bank, and Newberry, one of its directors, made trip to Denver yesterday in the Interests of the bank. Depositors are optimistic over the prospects of the bank officials reorganizIng and reopening for business. There large amount of bank on hand and tabulation of these is now being made by Mr. Rafter, examiner, assisted by Mr. Hout, also of Cheyenne. Depositors in the First National include some of the largest business houses Alliance as well the large cattle ranchers in the ing territory. They have banded together in the Interest of the organization and stand ready to back any move which might enable the bank reorganize and again serve the public, Steps this direction cannot pleted his report on the condition the bank and receiver has been placed in charge. This is expected be done by the last of this week when some definite announcement will be made by bank officials. The First National Bank was established in this city 1889 and had weathered many financial storms. It was strong institution at the first this year when financial statement showed deposits $3,110,000.00. From that date until the time of the whispering cam-


Article from The Alliance Times-Herald, November 6, 1931

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of the Community Just the miasma of the financial depression was lifting lost the beacon that lighting the way. For years the First National Bank was the Rock of Gibraltar that guided business enterprise in many the city and on the ranches and farms through the shoals of adversity onto the solid foundation of suc- Credit pools were being established, livestock and prices going optimism dispelling the fogs of pessimism the path beginning to clear. But fear engendered by "whispers" like rushing torrent of angry water that swept its way through community and left minus oldest and largest bank. It's more than financial calamity. It's tragedy. there any reason for the closed the bank, then nobody could raise voice in fense. the officials been guilty of any illegal had they been wasting their reserves, their cash, could honestly complain. But they had When the ten months ago the bank the very heyday its long and month ago and cool analysis institution's affairs could have Even in face of their shattered dreams, officers the bank trying, night and day, to pick up the pieces and shape them together effort to reorganize and reopen the bank. But will they succeed? Confidence has been shaken by rumors and fidence bank's most valuable A little boy once stuck his thumb in small hole dyke and during the dark hours the night he stuck with his task and saved Holland. His deed will be membered long civilization lasts. But had he run from scene and yelled, are his country and his people would have been swept away. If in charge of the First National pick the pieces that of fear destroyed, the turning will bring greater to this than the past five the to that lies the hope Alliance every individual who with- city has been developed, farms, ranches, dairies, business places have grown because the inspiration the aid tendered by the First bank. Thousands prosperous trace their directly this old and honorable institution, and this was thoughtlessly away in short space time because fear permitted to the saddle. If surmount this no power on earth can keep from our place the The will concerned. New hope spring in up the years of unselfish devoted building from way-station prosperous city of will not have been in


Article from The Alliance Times-Herald, November 6, 1931

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Submit Statement Concerning Opening of First National official statement of what must be done in order that the First tional Bank may reopen for business handed directors of bank this From the facts forth in statement, which being compiled by the examiners charge, officers friends the bank will determine whether be done in the time allowed. During past 48 hours more the bank's deposithave disposition undertake the task and they have been by many the depositors, who now believe bank not and that the run the past ten the only thing that caused close. statement that will be of interevery the bank's territory will made within the hours, until it has been carefully surveyed, nothing definite be said as the possibility reopening the bank within the next few days. One officer of the bank made the statement, possible, we but can't make ment Chinese troops have been engaged battle with Manchuria resulting in the death of Japanese soldiers.


Article from The Bushnell Record, March 9, 1932

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May Open Bank Soon Reorganization of the First National bank of Alliance, which closed last fall, was practically assured Thursday in a report from an Alliance delegation which returned home after presenting petition to the chief national bank examiner at Kansas City. Another examiner is being sent to Alliance to make a further survey before definite announcement is made -Ex.


Article from The Broadwater News, March 10, 1932

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MAY OPEN BANK SOON Reorganization of the First Naonal Bank of Alliance which closed st fall. was practically assured Thursday in a report from an Alliince delegation which returned home after presenting petition to the chief national bank examiner at Kansas "i'y. Another examiner is being nt to Alliance to make a further rvey before definite announcement


Article from Bridgeport News-Blade, March 10, 1932

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Up and Down The Valley Tough Rules An interpretation of the Wyoming laws on auto license tags indicates that it is a felony to use old tags after March 1, and upon conviction of same motorist may be sent to the penitentiary. -Scottsbluff Pioneer. Receiving DividendDepositors of the defunct Irrigator's State Bank, of this city, are receiving dividend payments on their deposits at the American State bank building this week. Payments are for four per cent of the total on deposit at the bank at the time it was closed. The payment this week, according to A. E. Torgeson, receiver, totals 61 per cent. A total of $12,009.92 will be made at this time, it is announced. Certifieates of indebtedness must be presented to Mr. Torgeson at the bank building before payments can be made.-Scottsbluff Republican. Early Settler DiesAllen Bruce McCoskey, early day and much respected citizen of Scottsbluff, passed away at his home early Wednesday morning Mr. McCoskey had been ill for only a few days, suffering from influenza, which it is said, caused his death. Funeral services were conducted this afternoon at two o'clock from the Presbyterian church, of which he had been a member for many years. The Rev. E. C. Raue was in charge of the services, Masonic honors being conferred at Fairview cemetery, where interment was made. -Scottsbluff Republican. Geese Coming BackSeveral flocks of wild geese are reported to have been seen feeding in this vicinity in the last few days, having been enticed northward again by the balmy weather. An unusual sight was witnessed in town Monday morning. when four geese, attracted by the calls of Glenn Haiston's and Alfred Hartman's flock of decoys, made many circles above the pens with wings set for a landing, but their cautious instinct finally took them away to a less populous neighborhood-Broadwate News. In Bank's InterestBond. receiver of the First National bank, R. O. Reddish, Frank Abegg and Ben J. Sallows left at noon today for Kansas City, Mo., where they will appear before the chief examiner representing the comptroller of the currency in the interests of the reopening of the First National bank. They will present a revised statement of the bank's assets made from a careful survey the bills receivable and they believe that they will be accorded satisfactory hearing. Petitions signed by several thousand people in Alliance and its trade territory, both customers of the old bank and those who were not, were taken by the committee and will be presented to the examiner as vidnee of the gneral Interest taken in the plans to reopen the Alliance Herald. Rifle Artists— Piling up score of 2,326 while Gering was unable to get over 2,166, the Kimball rifle artists continued a string victories by trimming the local delegation in a match here Sunday. T. C.McSpadden was high man for the locals, while Paul Shafto and C. F. Reid were the sharpshooters for the visiting team. Gering goes to Kimball March 13 for a return match with Kimball. Shoots are being held at Gering range every Friday evening and on Sunday mornings with good attendances. -Gering Courier. New StationConstruction work on the new service station for the Western Nebraska Oil Co. was started last week and the station proper is taking form this week. Preparations are now being made for the concrete work in front of the station. Fight in Limbo— Gregorie Trego, Mexican, who is serving a one to ten years sentence n the state penitentiary for stabbing here several years ago, suffered skull fracture when he became involved in an argument


Article from The Alliance News, April 21, 1932

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DEPOSITORS SIGNING WAIVERS APPROVING FOR NEW BANK Canvassers Meet No Opposition to Assignment of Claims -Depositors Eager to Comply With Requirements For Opening of New Bank Several hundred depositors. repre senting larger interests in the failed First National Bank of Alliance. have placed their signatures to assignments of their claims on the basis set out in the plan approved by the comp troller of the currency for the openors and no opposition has been met, ing of new bank here. The plan has been thoroughly outlined to deposit moreover many, have been enger to do their bit towards the opening of the new institution. Committee consisting of 15 men begun Saturday interviewing depositors obtaining their signatures to the waivers. They are canvassing Hemingford, Alliance and vicinity and have secured over 2,000 signatures thus far. However, many depositors Live in distant cities and letters have gone out to them explaining the proposal and asking their waiver. It expected that least three weeks will be required before the proposition can be submitted to the comptroller of the currency in Washington. To further expedite the securing of these signatures. Blanks have been sent to the offices of Ray and Uhrig. and Pierce and Marlow in Hemingford, Thompson's store in Angora, and at room in the First National Bank building. clerk has been as signed in the First National bank offices to assist depositors who call there to sign these agreements. The task of reaching 5,400 depositors with the proposal Is large. however. with systematic handling. pected that waivers will be in shape record the Under the new proposal, the bank guarantees the payment of 50 per cent every assigned deposit. The remaining 50 per cent of the deposits will remain in separate fund supervised by the national bank and will remain the sole property of the depositors. This 50 cent totals per $680,000 and the face value of all the nasets remaining in the hands of the bands of the receiver from which this amount can be paid total $1,100,000. Upon the opening of the new bank. all assigned accounts of $50 and under will be paid in full. These accounts total 3,500. On the remaining assigned accounts of over $50. fifteen per cent will be payable in cash and the balance the 50 cent will per represented in certificates of deposit which will be but terest bearing. These certificates will be payable as follows 15 cent per cash; 20 per cent October 15. 10 per cent April 15, 20 per cent October 15, 10 per cent April 15 and the remain ing 25 per cent on October 15. 1934. Cost of receivership will. through liquidation through the new banking institution, be eliminated, in this way saving depositors an enormous ex pense. Cost of handling the remaining per cent will be reduced to minimum and will probably be handled by non-resident receiver. Capital and surplus of the new bank will be $110,000 and been subscribed by stockholders of the new institution. who are: Herman Krause, Jake Herman. Everett El dred, C. Newberry Abegg. Charles Thempson, Marcus Frankle, Harry Thiele. R. Reddish. B. J. Sallows, S. Thomlinson. Dr. Tyler. Dr. M. Kennedy, Harann Wells. H. Coursey, Mrs. Phelan, Mildred Spencer. W. E. Spen cer, H. Briggs. Arvilla Redfern. William Morrow. True Miller. Howard E. Reddish Mike Peterson. W. B. Minor. George Neuswanger and H. Shellenberger. Officers and directors will be elected from the personnel of stockholders. Committee representing stockbolders of the old and new bank returned last week from conference with the comptroller of the currency in Washington. D. They are Robert O. Reddish. Frank Abegg. and Ben Sallows. These men spent week in the national capital negotiating for the grant of charter to open the new bank and for the national banking bead's approval to plan for Hquitntion. Everyone connected with the dating the assets of the failed Instibank has devoted untiring efferts to the securing of new charter and hoped that success in their undertaking near.


Article from The Scottsbluff Pioneer, April 21, 1932

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Plans Completed for Opening of Alliance Nebraska Nat'l. Bank The opening of the Nebraska National bank is possible within three weeks, to succeed the defunct First National bank in Alliance, if the depositors in the First National agree to the plan laid out by the comptroller of currency and accepted by the banking department and stockholders. Briefly, the plan is: The new bank guarantees the payment of 50 percent of every assigned deposit. The remaining 50 percent of the total deposit will remain in separate fund supervised by national bank receiver and will remain the sole property of the depositors. This percent totals $680,000, and the face value of all the assets remaining in the hands of the receiver from which this amount can be paid total $1,100,000. It is believed that by this method the confidence of the community will be restored and each depositor will be better off than would be possible the entire assets were liquidated without any guarantee except as to collections made by the receiver.


Article from The Grand Island Herald, July 18, 1932

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Bank Receiver of Alliance Transferred ALLIANCE, Neb., July 15 (U.P.) -Ben C. Bond, receiver for the defunct First National bank of Alliance during the past eight months, is to be transferred to Chillicothe, O., it has been learned here. The transfer was ordered by the comptroller of currency at Washington, D. C. Work for the receiver here, it was explained, was greatly Teduced through the recent transfer


Article from Fremont Tribune, July 24, 1933

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DEPOSITOR GROUP OPPOSES REMOVAL OF BANK RECEIVER Plan Public Meeting to Voice Objections to Austin Removal Depositors of the Union National bank who object to the removal of George 8. Austin, of Orleans, as receiver of the institution have made plans for a protest meeting to be held in the Premont Chamber of Commerce rooms Tuesday evening at 7:30. The meeting follows the sending of telegram Saturday night by group of depositors to the comptroller of currency in Washington, D. C. asking that Austin be retained and praising the present receiver for his efficient and economical administration of the bank's Information concerning the removal of Austin and the appointment of D. A. Becher, of Columbus in his place was received in news dispatches from Washington Sa.urday morning. The dispatches said Arthur Mullen, of Omaha, democratic national from Nebraska who maintains offices Washington, had that a shakeup or in national banks of Nebraska was under way A. E. Torgeson has been removed as receiver of the First National bank of Alliance and Edgar M. Mario, of Hemingford, selected to replace him Mullen and Congressman Ed. gar Howard. of Columbus also have the removal of J. Love as receiver of the First Nati onal bank of Craig and the substitution of Harry Hundley, of Omaha, was Make Objections The group of depositors of the Union National bank, the leaders which include prominent democrats took steps immediately toward remonstrating with the federal bank. ing department against change the local bank They say Austin has been handling the aftairs here as economically as possible and that be has the work of the well under way They contend that a change at this time is not destr able and not practicable Austin has the preliminary work of the out of the way LOW they state, and his work date has been satisfactory Any change that made purely for political reasons they contend say ing that the appointment of other receiver to relieve tent administrator smacks too much of partisan Were Not Consulted The reported removal of Austin came as surprise the of depositors and this has caused the complaint that the action change the receiver was taken without regard to the sentiment of the depositors of the bank or residents of the city The leaders of the are not acquainted with Bechgroup


Article from The Alliance News, July 27, 1933

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Announce Change of Bank Receivers for First Nat'l. Coming as one of the first political in the national banking sys tem, the changing of receivers for the First National Pank of Alliance WAS announced at Washington this week. Arthur E. Torgeson of Scottsbluff has by E. Marlowe, at torney of Hemingford. as receiver of the bank here. The announcement came from Washington with statement by Arthur Mullen, Nebraska's demeratic national committeeman, freely stated that other shake-ups might be erpected in the banking ceiverships. Attorneys Mitchell & Gantz of this city, prominent Democrats. have been appointed as attorneys for the receiver ship in the stend of Boyd Metz, who have been acting under the administration. The change in the ceivership and the attorneys came after conference with Comptroller of the Currency O'Connor. It was also stated that change has been made in the receivership for the First National Bank at Craig and for the receiver of the First Union Na. tional bank of Fremont. These changes were anniunced at the same time the change for Alliance was Mr. Marlowe will assume his immediately.


Article from The Gering Courier, July 28, 1933

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CONDENSED NEWS OF INTEREST TO WESTERN AREA Earl Hammond, now at the world's fair at Chicago with Alaskan husky dogs, trained penguins and other Arctic exhibits, was some years ago a resident of this valley and a graduate from the Scottsbluff high school. He passed through here some months ago enroute to Chicago. Mrs. Mary Gilmore, 90, died at Cheyenne recently She located near Potter in 1885, living there until 15 years ago when she removed to Cheyenne. Mrs. Caroline Percy, who died at the age of 67 last week at Crawford. had resided in that section since 1884. Her husband, Charles Percy, a ranchman, passed away eleven years ago. Paul Jerger, a fifteen months old son of Mr. and Mrs. Henry Jerger, fell into a watering trough Friday last and was drowned The event took place on one of the Springer farms in Mitchell valley. An automobile accident near Sunol Monday was fatal to Mrs. Barbara Stemka, 23, her arm being badly gashed by broken glass. She died from loss of blood while being rushed to a Sidney hospital. Arlo Howe, living southwest of Kimball. was struck by Jess R. Rateliff with a 2x4 during quarrel, from the effects of which he died at a Kimball hospital a few hours later. Rowe was 45 and leaves a widow and four children. A coroner's jury found that Ratcliff acted in self defense. A. E. Torgeson. who has been a bank receiver in this section for number of years, has been removed by Washington as receiver of the failed First National bank in Alliance. The dismissal is ascribed to Arthur Mullen as a political matter. Twenty-six applications for beer licenses were granted by the Scottsbluff city. council this week, effective August 10. Four were wholesale licenses, eleven for sale on premises, and the balance either off sale or both. Most of the cafes, several of the drug stores and the hotels were given licenses. Trial of 29 Casper men was concluded in federal court there Wednesday, the result being acquittal of all the defendants by a jury. The mayor, sheriff and chief of police were among those charged with conspiracy to violate the prohibition laws. There is continued uncertainty as to whether the current appropriations will cover the improvements at Scotts Bluff national monument. It appears that the amount budgeted for park purposes has been whittled from 27 down to 16 millions of dollars. Congressman Carpenter is investigating the matter, and has stated he would endeavor to secure the inclusion of the local phases of the park projects. Charles E. Mabon. a motion picture man from Hollywood, was instantly killed in an auto wreck Tuesday between Sidney and Kimball. His wife, who was driving, was injured, but not fatally. Two dozen followers of the rodeo were arrested and jailed at North Platte during the event last week as suspicious characters. Joe Besack returned this week after a few weeks sojourn at Billings, Montana. Mr. and Mrs. Milton Baker and daughter of Morrill were here for Oregon Trail Days. Leslie J. Laughlin attended the rural mail carriers convention at North Platte this week. Mr. and Mrs. Arlie Braudaway spent several days in Denver during the week end period. Mr. and Mrs. O. M. Cummer and son George have gone to Yellowstone park for a vacation, after which Mrs. Cummer will proceed to California to spend a month or two with her parents at Glendale.


Article from The Western Nebraska Observer, August 3, 1933

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INTERESTING NEWS ITEMS FROM WESTERN NEBRASKA IN CONDENSED FORM Two books were borrowed from the Osceola, Iowa, library in 1910 and were just recetnly returned. Two dozen followers of the rodeo were arrosted and jailed at North Platte during the event last suspiciou: characters. The Hastings Outdoor club placed bronze plaque of the Oregon Trail Memorial association, on the lone grave of Susan Haile, on the old overland trail few miles northwest of Kenesaw. Baker, farmer near Dalton, had close call when lightning struck the barn killing one horse and knocking Mr. Baker and three horses down. He was unharnessing the teams the time. Clarence Scriven, farmer north of Mitchell, lost his crops in three farms locater in three counties by the same hall storm. One farm was in Sioux one in Scotts Bluff and the other in Banner county. Charles Vrowley of Omaha has been appointed administrator of the prohibition law enforcement department of the state. This is the position offered to E. Forsling of Kimball. but which he declined. Licenses to sell beer were granted 10 applicants last week by the Alliance city council. One of the censes was permit to wholesale the brew, and the remainder were for sale on and off the premises. The store of the Penney company is being discontinued in Chappell. The big closeout sale of the establishment is now underway, and will be continued until the time set for the of the business. Mr. and Mrs. R. Boggers Ochelata, Okla., have been married years. At the alter she agreed bake for him every day and she kept her promise. He has eaten the pie each day, making total of 10,227. Duayne Batie, high school athlete, and son of Mr. and Mrs. Walter Batie, Overton, died in Holdrege hospital Tuesday from injuries ceived during storm Monday evening when he fell with hay stacker small car, capable of attaining speed of 20 miles per powered by Exide batteries, was novel try by Quentin Dean, Exide dealer, in the Oregon Trail days parade Gering. Mr. Dean built the car himself entirely from parts of old cars. Dr. H. Morriss, Oshkosh physician, is collecting past due accounts and using the money to construct bathing beach on the south side of the North Platte river. The pool to be donated to the people of the community. The drilling of new well, the installation of new water pump and motor and the extension of water mains in Bridgeport will take place this summer result of action taken by the city council in calling for bids for the work, last week. Traffic signals, hand operated automatic, are nil in Scottsbluff as far as the mayor and city council are concerned. That body, its regular meeting Tuesday evening, cided to leave such equipment for in larger cities. Horses in Sedgwick county again have the disease known medical circles as Menter said he was treating horses in the county suffering with the disease which was fect there more than year ago. Trial of 29 Casper men was cluded in federal court there Wednesday, the result being acquittal of the defendants by the jury. The mayor, sheriff and chief police were among those charged with conspiracy to violate the prohibition laws. Because of reduced appropriation for the national parks service, the highway up Scotts Bluff national monument cannot be completed this year, according to information from secretary Congressman Terry Carpenter. A. E. Torgeson, who has been bank receiver in this section for number of years, has been removed by Washington receiver of the failed First National bank in Alliance. The dismissal ascribed Arthur Mullen as political matter. Mr. and Mrs. Fred Rolando and two children of Butte, Mont., were asleep when car driven by John Kelly, bartender, crashed into the house and over the bed, fatally injuring Mrs. Rolando and injuring the others. Kelly has been charged with manslaughter. Charges of emblezzlement in which three separate counts were set up