12717. Arapahoe State Bank (Arapahoe, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 12, 1931
Location
Arapahoe, Nebraska (40.304, -99.900)

Metadata

Model
gpt-5-mini
Short Digest
eb3668c3

Response Measures

None

Description

The bank was ordered closed and its assets placed with the Nebraska Department of Trade and Commerce for liquidation on Nov 12, 1931 (Article 1). Multiple Feb 1932 articles report the bank was reorganized, recapitalized and reopened in early February 1932 (Article 2 and others). No run is described in the articles.

Events (2)

1. November 12, 1931 Suspension
Cause
Government Action
Cause Details
Officers and directors ordered bank closed and assets placed in hands of the state Department of Trade and Commerce for liquidation.
Newspaper Excerpt
Officers and directors of the Arapahoe State Bank, Arapahoe, Neb., today ordered the Institution closed and its assets placed in the hands of the department of trade and commerce for liquidation.
Source
newspapers
2. February 9, 1932 Reopening
Newspaper Excerpt
The Arapahoe State bank ... has been organized, recapitalized and made solvent, reopened for business Tuesday, state department trade commerce. Under reorganization plan depositors be paid with restrictions amount each month. The capital stock $25,000. The officers: ... Patterson, cashier.
Source
newspapers

Newspaper Articles (11)

Article from The Hastings Daily Tribune, November 12, 1931

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Article Text

TURN OVER BANK ASSETS LINCOLN, Neb., Nov. Officers and directors of the Arapahoe State Bank, Arapahoe, Neb., today ordered the Institution closed and its assets placed in the hands of the department of trade and commerce for liquidation. Battery Sale! Equip now with new battery for winter driving. plate $4.25 and up exch. price. Gamble


Article from Lincoln Journal Star, February 10, 1932

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Article Text

Another method of warding off truck competition light shipments of livestock was suggested to rail commission Tuesday all Nebraska railroad lines, who presented application reweight car together with readjustment of It asked that the application and made by The shall apply hauls from 10 from point of origin The weight for cattle 22,000 pounds with rates based on the western trunk line scale. The carriers ask that the applied: 16,000 with the rate 120 percent of the scale; the rate 130 percent of the scale: with the rate 150 percent the The present for hogs 17,000 The lines want these changes with the rate 120 percent of scale; pounds with the percent scale: 6,000 pounds with the rate percent W. that the present of 12,000 pounds sheep be to 6,000 pounds the rate 150 percent the W. scale. This has the effect in great many cases reducing rates as much more than percent, since many shippers don't ship must pay anyway. The new rates will apply only to single deck cars. The Arapahoe State bank. which suspended Nov. has been organized, recapitalized and made solvent, reopened for business Tuesday, state partment trade commerce. Under reorganization plan depositors be paid with restrictions amount each month. The capital stock $25.000. The officers: Patpresident: Williams, vice president; Patterson, cashier.


Article from The Schuyler Sun, February 18, 1932

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Article Text

Edholm News Notes Mr. and Mrs. M. Pipkin and family of David City, moved Thursday and Friday into the house recently occupied by the Grover Hansen family. C. M. Ogden of Valley was a visitor in the Authur Meredith home Wednesday and Thursday The John Shenk family who have been on the sick list for some time are improving. Mr. and Mrs. Joe Vrana and daughters, Arnez Darlene and Joan Telana, accompanied by Mr. and Mrs. M. C. Teller and daughter Lilas, motored to Fremont and visited with Mr. and Mrs. Leo Garfield and son. The Arapahoe State bank which suspended business November 12 last year has been reorganized and recapitalized and was opened for business early last week.


Article from The Pilot-Tribune, February 18, 1932

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The Arapahoe State Bank which suspended business November year has been reorganized recaptitalized and was opened for business early last week. The board of managers of the state fair met in Lincoln the latter part of last week to discuss for the coming fair. The railway commission has taken under advisement the matgeneral reduction gravfreight rates and the absorption switching charges. No date for decision have been announced. The application of railroads for higher grain shipping rates was with the state railway commission last The amendment compromise in which the railroads agreed to single rate joint hauls in return for which certain millers of the state would not return to schedule in effect last July. The single rate plan enables shipments made jointly to receive lower rate.


Article from The Culbertson Progress, February 18, 1932

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Article Text

State Capital Happenings By PARKE KEAYS The state treasurer has distributed $136,000 to counties as their share of gas tax collections for January. A recent dispatch from Washington stated that branch headquarters of the federal reconstruction finance corporation will be established in Omaha. Representatives of the American Legion from over Nebraska gathered in Lincoln last week to organize their state-wide drive to secure jobs for the unemployed. More than 400 cars of relief supplies have been shipped into the drouth district by the state relief agency, according to Wm. H. Smith. Governor Bryan has issued the biennial proclamation declaring that primary election is to be held in the state April 12 for the purpose of nominating certain candidates. Governor Bryan was recently injured by a fall on the icy pavement in front of his mansion and was forced to remain in bed for several days and away from his office for more than a week. He was able to return to his office the latter part of last week. A large door opening from the rotunda of the new capitol into the legislative hall has been opened SO that in coming weeks steel beams to be used in finishing the hall and furnitur may be admitted. It will be necessary for this equipment to be brought through the main entrance door as it is the only outside entrance to the building large enough to admit passage of the massive materials. Flags and war trophies which have been displayed in a hugh oak case in front of the inner doorway will later be moved to the rooms of the state historical society on the first floor of the capitol. Recommendations have been made to the senate to the effect that $1,338,000 will be needed for military construction at Fort Omaha during the next six years. The war depart- ment also states that $197,000 could profitably be expended for repairs at Fort Crook. The board of managers of the state fair met in Lincoln the latter part of last week to discuss plans for the coming fair. The pardon board, which was in session last week, heard 16 cases. Action will be taken on them at the next meeting of the board. The Arapahoe State bank which suspended business November 12 last year has been reorganized and recapitalized and was opened for business early last week. The railwav commission has taken under advisement the matter of a general reduction in gravel freight rates and the absorption of switching charges. No date for decision have been announced. Though no highway contracts were awarded during December in Nebraska, 2,400 persons were employed during the month on old highway projects, according to recent report to the president's unemployment relief organization. The federal feed loan committee met at Norfolk recently and agreed on a uniform system for the placing of feed loans in all the drouth stricken counties in order that the efforts of the Red Cross and northeast Nebraska relief committee might be synchronized. The department of commerce census bureau report recently published shows that Nebraska had 879,459 acres of land in organized drainage enterprises on January 1, 1930. Less than 4 per cent of the land was in arrears in payment of principal and interest on obligations at that time. The Nebraska drainage work used 1,200 miles of ditches and 93 miles of tile drainage. Capital invested was $6,847,000, or an average of about $8 per acre. The investment in 1920 amounted to only $4,588,000. State warrants issued during January totaled $2,187,000, according to a statement of Auditor George W. Marsh. The number of warrants issued was 14,645 as compared with 14,863 issued on various funds as follows: Motor vehicle fund, $92,800; gasoline fund, $550,500; federal aid road fund, $220,738; a total of $864,000 for highway purposes. Warrants on the general fund totaled $605,00, divided as follows: Office expenses, $119,462; educational purposes, $319,946; for state institutions, $165,865. Frank O'Connell, secretary of the game, forestation and parks commission, has reviewed the three-year program of the commission since its creation in 1929. The main achievements are the development of 22 recreational grounds, establishment of state game reserve, extensive operation in stocking and salvaging fish and maintenance of the four state parks. In 1931 the eommission expended nearly $300,000; $86,000 was used to purchase new land; $48,000 for permanent improvements; $50,000 was spent for maintenance and improvement of fish hatcheries; $20,000 for purchase of fish and game birds, and $21,000 for state parks. The chief source of revenue is the $1 hunting and fishing license. In 1931 they yielded $212,000. The commission receives no tax funds and is supported from its own earnings. At the close of the past year it had $38,000 on hand and $30,000 yet to be colllected. Its real estate is now valued at $518,000 and equipment at $56,500. The supreme court recently ordered to issue a writ of mandamus compelling the state board of control to enter into a contract with a Nebraska dealer for light bulbs to be furnished state institutions. The board recently called for competitive bids and, although this dealer's bid was low, the board entered into a contract with another company on the grounds that previous dealings with the low bidder


Article from The Grand Island Herald, February 18, 1932

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Article Text

which there the sum of Two Thousand Hundred Three and 93/100 Dollars ($2,673.93) and cost sale due and unpaid default having been made payment of said sum and no suit other law having been instituted said debt any part thereof, will property described said chattel mortgage, to-wit: International Motor Truck, Model AL3, Chassis No. 1618G, Engine No. 53710A; Freuhauff Omaha Standard Stock Rack, and one canvas Tarpaulin public auction the Service Station of TER COMPANY OF AMERICA, 2400 West Second street, Grand land, Nebraska, at one o'clock 20th day February, 1932, purpose foreclosing said mortgage satisfying said indebtedness and cost sale. Terms Cash. HARVESTER COMPANY OF AMERICA, 28-4t By The Arapahoe State Bank which suspended business Nov. 12 ras been re-organized and capitalized and was opened for business early last week.


Article from Grant Tribune-Sentinel, February 18, 1932

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State Capitol News By Parke Keays (Continued from preceding page.) gasoline tax fund balance at this time as $100,0000 or less with enough held back to distribute the monthly onefourth of collections to counties of the state. The treasurer's report shows a transfer of $476,000 from the federal road fund to the gasoline fund made during the month. This was reimbursement to gasoline fund for money advanced for engineering work this when the state was spending the last of the federal emergency road funds. The federal government does not pay engineering costs. The federal funds had to be spent before September 1; consequently it was necessary to borrow from the gasoline tax fund. Transfer of $140,000 funds from food, drug and oil inspection of the department of agriculture was made to the general fund which balance is now $1,570,000 as compared with $1,201,000 year ago. Funds on hand total weeks. $4,260,000; $3,540,000 is due from banks; $1,201,000 is invested in government bonds and about $5,000 is in cash on hand. State Engineer Cochran will revoke drivers' licenses of two Omaha motorists upon receipt of district court judgment. Revokations will be based upon failure of the men to satisfy a judgment of $2500 for accident damage within thirty days as provided in the motorists financial responsibility act passed by the 1931 legislature. This is the fourth case of this kind to come up since the enactment of the law. The pardon board, which was in session last week, heard sixteen cases. Action will be taken on them at the next meeting of the board. The Arapahoe State Bank which suspended business November 12 last year has been reorganized and recapitalized and was opened for business early last week. The board of managers of the state fair met in Lincoln the latter part of last week to discuss plans for the coming fair. The railway commission has taken under advisement the matter of a general reduction in gravel freight rates and the absorption of switching charges. No date for decision have been announced. The application of railroads for higher grain shipping rates was amended at a conference with the state railway commission last week. The amendment is a compromise in which the railroads agreed to a single rate for joint hauls in return for which certain millers of the state week. would not oppose a return to the higher rate schedule in effect last July. The single rate plan enables shipments made jointly to receive a lower rate. Directors 'of the Nebraska Good Roads Association met in Lincoln last week and decided to ask for a state vote on a proposed constitutional amendment to permit a $30,000,000 bond issue for paving and the creation of another highway commission to administer the paving program. Plans were made for the circulation of petitions to place the bond issué and the highway commission amendments on the fall election ballot. The supreme court recently ordered to issue a writ of mandamus compelling the state board of control to enter into a contract with a Nebraska dealer for light bulbs to be furnished state instiutitions. The board recently called for competitive bids and although this dealer's bid was low, the board entered into a contract with another company on the grounds that previous dealings with the low bidder had not been satisfactory. A complicating situation has now developed due to the fact that the 1931 light bulb supply has already been contracted and the order filled by the higher bidder. The amount of the purchase was $2,000. Though no highway contracts were awarded during December in Nebraska, 2400 persons were employed during the month on old highway projects, according to recent report to the president's unemployment relief organization. The federal feed loan committee met at Norfolk recently and agreed on a uniform system for the placing of feed loans in all the drouth stricken counties in order that the efforts of the Red Cross and northeast Nebraska relief committee might be synchronized. Alvernon Lytle has been released from the Nebraska penitenitary after serving two years of a sentence for a bank robbery at Minden. The confession of a man recently arrested in Illinois exonerated Lytle of any connection with the robbery. Lytle was granted a respite good for ten days and it will be renwed until pardon can be granted after having been advertised for thirty days. The supreme court has upheld the decision of the district court that the state superintendent was right in refusing to permit school district No. 6 in Cedar county to share in state educational trust funds. Although the district is organized, officered and certified as a public school district it is operated as a sectarian school and is, therefore, not entitled to participate in the use of state funds. Doctors say that vegetables will make one slende An elephant is a good example, because they are strictly vegetarians.


Article from The Mitchell Index, February 18, 1932

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The Arapahoe State Bank which suspended business November 12 last year has been reorganized and capitalized and was opened for business early last week.


Article from The Benkelman Post and News-Chronicle, February 19, 1932

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STATE CAPITOL BY PARKE KEAYS Governor Bryan has issued the biennial proclamation declaring that primary election is to be held in the State April 12 for the purpose of nominating certain candidates. The report of State Treasurer Bass of January 31 shows a balance of $63,000 in the state gasoline tax fund. An estimate of warrants issued since that date, however, shows that the fund is down to bedrock. The stae auditor's office estimates the gasoline tax fund balance at this time as $100,000 or less with enough held back to distribute the monthly one-fourth of collections to counties of the state. The treasurer's report shows a transfer of $476,000 from the federal road fund to the gasoline fund made during the month. This reimbursement to gasoline fund for money advanced for engineering work when the state was spending the last of the federal emergency road funds. The federal goverment does not pay engineering costs. The federal funds had to be spent before September 1, consequently it was necessary to borrow from the gasoline tax fund. Transfer of $140,000 funds food, drug and oil inspection of the department of agriculture was made to the general fund which balance is now $1,570,000 as compared with $1,201,000 a year ago. Funds on hand total $4,260,000; $3,540,000 is due from banks: $1,201,000 is invested in government bonds and about $5,000 is cash on hand. Recommendations have been made to the senate to the effect that $1,338,000 will be needed for military construction at Fort Omaha during the next six years. The war department also states that $197,000 could profitably be expended for repairs at Fort Crook. State Engineer Corhran will revoke drivers' licenses of two Omaha motorists upon receipt of district court judgment. Revokations will be based upon failure of the men to satisfy a judgment of $2500 for accident damage within 30 days as provlded in motorists financial responsibility act passed by the 1931 legislature. This is the fourth case of this kind to come up since the enactment of the law. The pardon board, which was in session last week, heard sixteen cases. Action will taken on them at the next meeting of the board. The Arapahoe State Bank which suspended business November 12 last year has been organized and recapitalized and was opened for business early last week. The board of managers of the state fair met in Lincoln the latter part of last week to discuss plans for the coming fair. The railroad commission has taken under advisement the matter of a general reduction in gravel freight rates and the absorption of switching charges. No date for decision have been announced. The application of railroads for higher grain shipping rates was amended at a conference with the state railway commission last week. The amendment is a compromise in which the railroads agreed to a single rate for joint hauls in return for which certain millers of the state would not oppose to return to the higher rate schedule in effect last July The single rate plan enables shipments made jointly to receive a lower rate. Directors of the Nebraska Good Roads Association met in Lincoln last week decided to ask for a state vote on a proposed constitutional amendment to permit a $30,000,000 bond issue for paving and the creation of another highway commission to administer the paving program. Plans were made for the circulation of petitions to place the bond issue and the highway commission amendments on the fall election ballot. The supreme court recently ordered to issue a writ of mandamus compelling the state board of control to enter into a contract with the Nebraska dealer for the light bulbs to be furnished state institutions. The board recently called for competitive bids and, though this dealers bid was low, the board entered into a contract with another company on the grounds that previous dealings with the low bidder had not been satisfactory. A complicating situation has now developed due to the fet that the 1931 light bulb supply has already been contracted and the order filled by the higher biddr The amount of the purchase was $2,000 Though no highway contracts were awarded during December in Nebraska, 2400 person were employed during the month on old highway projects. according to recent reports to the president's unemployment relief organization.


Article from The Humboldt Standard, February 19, 1932

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The state treasurer has distributed awarded during December in Ne$136,000 to counties as their share of braska, 2400 persons were employed tax collections for January. during the month on old highway The board of managers of the state the president's unemployment fair met in Lincoln the latter part of lief organization. last week to discuss plans for the coming fair. Recommendations have been made The pardon board, which was session last week, heard sixteen cases Action will be taken on them at the next meeting of th board. More than 400 cars of relief supplies have been shipped into the drouth district by the state relief according to Wm. Smith. agency, Representatives of the American Legion from over Nebraska gathered in Lincoln last week to organize their drive to secure jobs for the unemployed. A recent dispatch from Washington stated that branch headquarters of the federal reconstruction finance corporation will be established in Omaha. Bryan has issued the biennial proclamation declaring that primary election is to be held in the state, April 12 for the of purpose nominating certain candidates. The Arapahoe State Bank which suspended business November 12 last year has been reorganized and capitalized and was opened for business early last week. The railway commission has taken under advisement the matter general reduction in gravel freight rates the absorption of switching charges. No date for decision have been announced. State Engineer Cockran will revoke drivers' licenses of two Omaha motorists upon receipt of district court judgment. Revokations will be based upon failure of the men to satisfy judgment of $2500 for accident damwithin 30 days as provided in the motorists financial responsibility act


Article from The Pender Republic, February 26, 1932

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carried adjourn. BERNARD HAVEKOST, Secretary. STATE CAPITOL State Engineer Cochran will revoke drivers' licenses Omaha motorists upon receipt of district court judgment will be based upon failure the men to satisfy judgment accidental damage within 30 days provided the motorists financial responsibilpassed by the 1931 legislature This the fourth case kind up since the enactment of the The pardon board, which was session last week, heard 16 cases. tion will taken on them the meeting of the board. The Arapahoe State bank which suspended business Nov 12 last year has been reorganized and recapitaland was opened for business earlast week. The board of managers of the state Lincoln the of week to discuss plans for the coming Governor Bryan has issued the ennial proclamation declaring that primary election to be held the April 12 for the of nomcertain candidates The application railroads for higher grain shipping rates amended conference with the railway commission last week amendment compromise the agree single for joint hauls return certain millers the state would oppose return the higher schedule effect last single rate plan enables shipments made jointly to receive federal feed loan committee Norfolk and agreed for the placing loans all the drouth strickorder that the efforts the Red Cross and northeast Nebraska committee might be Alvernon been released from Nebraska penitentiary after years for bank robbery Minden The confesrecently arrested exonerated any connection robbery was respite good days and pardon can after been days upheld the of the court that the right permit school Cedar county share state ocational funds Although the district organized, officered certified public school district operated school therefore not entitled of funds William Callander, chief of the United States crop report bureau, Lincoln recently expressed that farm confitions will the coming He pointed out the fact that output 1931 abnormally large but demand abnormally low has been wheat acreage and harvested crop each year since 1922 Present indications year for per cent reduction wheat acreage Foreign wheat make acreage More than applications have been received by the board of control position welfare The place was formerly held woman. The work consists of finding homes for children and quires that the representative drive car. Danger food shortage in the pointed last those in charge relief work Donations food for livestock in large volume but food for the people has been to some extent The cash relief fund of the state organization take demands emergency but citizens the state urged assist this respect Federal feed loans availmany of those in the drouth are financially able bor Federal funds big sistance but they are not sufficient take of the need. The present plan community donations continue in big volume to the community through the good shape. January breaking month hog receipts the Omaha stockyards when 476,000 head was January when head High Friday and Satur the paid the Omaha yards in years.