12722. Ashland State Bank (Ashland, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 1, 1933*
Location
Ashland, Nebraska (41.039, -96.368)

Metadata

Model
gpt-5-mini
Short Digest
5a96cdcf

Response Measures

None

Description

No newspaper text describes any depositor run. Articles (Feb–Nov 1933) refer to the bank in receivership: assets sold at public auction, receiver distributing dividends, and court orders for receiver to collect stockholders' liability. That indicates the bank suspended and was placed in receivership and did not resume operations.

Events (5)

1. February 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership by state banking authorities (state banking receivership department involved); suspension/closure by regulatory action.
Newspaper Excerpt
Ashland State Bank receiver ... distribute the fourth dividend ...
Source
newspapers
2. February 23, 1933 Receivership
Newspaper Excerpt
Assets of the Ashland State ing bank were purchased by Glen Martin public auction the bank. His bid of $1,252 was highest. The sale must be confirmed by the court. Assets of the bank total this more than $45,000.
Source
newspapers
3. May 4, 1933 Other
Newspaper Excerpt
The Ashland State Bank receiver was granted order from the district court to distribute the fourth dividend from the assets of this bank. It was 4 per cent and totalled $6,820.76.
Source
newspapers
4. July 27, 1933 Other
Newspaper Excerpt
Order issued authorizing State Banking Receivership repartment to sue stockholdors of Ashland State Bank.
Source
newspapers
5. November 30, 1933 Other
Newspaper Excerpt
State of Nebraska ex rel VS Ashland State Bank. Receiver ordered to collect stockholders liability and dispense with action against directors...
Source
newspapers

Newspaper Articles (4)

Article from Lincoln Journal Star, February 23, 1933

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Article Text

BANK ASSETS SOLD. ASHLAND, remainassets the Ashland State ing bank were purchased by Glen Martin public auction the bank. His bid of $1,252 was highest. The sale must be confirmed by the court. Assets of the bank total this more than $45,000.


Article from The News Cedar Bluffs Standard, May 4, 1933

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Article Text

COUNTY SEAT NEWS (Wahoo Wasp.) District Court Notes Brownell vs A. L. Anderson et al. Motion for new trial overruled. Johnson vs Mays. Judgment ordered on mandate. Wahoo Loan & Building Association vs Minnie Johnston et al. Sale confirmed with stipulation. Kaspar VS Staska et al. Sign ed decree entered. O. C. Valley Bank vs John Strizew et al. Dismissed. Wilson executor vs Clem Gidley. Decree entered. Miller vs Henry et al. Order entered sustaining plaintiffs for new trial. Bank of Prague vs V. Eckstein et al. Demurer overruled. Defendant given 20 days. Lindercamp VS Daugherty. Decree signed granting stay. Pytlik vs Daugherty. Decree signed granting stay. Sedlacek vs Daugherty. Dccree signed granting stay. Jirovsky vs Emma Cook et al. Deree of distribution issued on SW 1-4 section 22 and NW 1-4 section 27, 14, 7. Sold to E. E. Placek for $21,800. Agns Jirovsky, $1,287.47; J.J. Koravik $2,574.94; Mabel E. Robbins $2,574.94; B. E. Hendricks $4,071.96; E. E. Placek $10,858.55; First National Bank $349.25; revenue stamps $82.89. Another Dividend at Ashland The Ashland State Bank receiver was granted order from the district court to distribute the fourth dividend from the assets of this bank. It was 4 per cent and totalled $6,820.76. New Suits in District Court. The Bank of Prague has filed suit against L. G. Faltys and his bondsmen for $5,000 on note dated September 21, 1931. Schiefelbin & Donato, attorneys. John Ludvik has filed suit against Bessie Tomcack et ai on $3,000 not secured by mortgage on W 1-2 NW 1-4, section 9, 14, 5. Chas. H. Slama, attorney. George W. Loofe and wife have filed suit of partition against Corwin H. Rose et al, on S1-2 SW 1-4 and NW 1-4 SW 1-4, all in section 30, 13, 10, also undivided half interest in west 18 feet of E 1-2 lot J, block 23, Ashland. William Malmgren, guardian, has filed suit against Victor E. Hedlund et al on $6,000 note secured by mortgage on E 1-2 SW 1-4 section 7, 13, 7. Schiefelbein & Donato, attorneys. County Court Notes Estate of Joseph Machacek, deceased filed for probate. Hearin gset for May 18. Pallat & Dolezal, attorneys. Estate of Anton Erickson, deceased filed for- probate. Hearing set for May 18. J. H. Barry, attorney. Estate of Adga Christina Carlson deceased filed for probate. Hearing set for May 18. CL de Worrall, attorney. Estate of Mary E. Keetle, deceased filed for probate. Hearing set for May 18. J. C. Bryant, attorney. Dismiss Liability Suit in District Court. At a hearing in district court Tuesday before Judge Landis in the case of Joor against the People's State Bank of Maxwell, Iowa, the portion of the case which involved Miss Lottie O. Klotz, former clerk of the district court, was dismissed without prejudice. The plaintiffs endeavored to hold Miss Klotz liable for a fund of $8,581, paid in to her by agreement of parties while she was clerk of the court and which sum she had on deposit in the Saunders County National Bank in Wahoo when it failed. It appears that this money was a portion of the late Henry Long estate which had been held up in judgment against some of the heirs. Later the judgment in favor of the bank at Maxwell, Iowa, was reversed by the supreme court, and ordered paid to the heirs. In the meantime the money was lost in the failed bank. It appears now that there is a suit between the heirs and bank over the first dividend paid by the failed bank. Former County Judge in Court Judge G. N. Parmenter has been bound over to the district court in Dodge county on three charges of embezzlement for which he is charged in handling estates as administrato of the Knapp estates. His box was finex at $1,000 for each case. Believe It or Not. Gus Miller, superintendent of the State Reformatory, an his brother, Verne Miller, of the Remington Rand Co., of Omaha, were driving south of Wahoo one day last week, when they saw a strange objeet along the road. They stopped the car and got out and investigated. It was a cat with its head wedged tight in a salmon can. The cat was walking aimlessly about bobbing the can in the air. It was tired out completely and allowed Mr. Miller to pick it up. The can was wedged SO tightly that it was necessary to get a pair of pinchers and out away the side. After the cat was released it meowed 'thank you'' and disappeare in the weeds. Some one had bent the edges of the can inward after discarding it, SO it. made an ideal trap.


Article from The News Cedar Bluffs Standard, July 27, 1933

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COUNTY SEAT NEWS (Wahoo Wasp) FATHER KILLED BY SON Corliss Earl Wood, 50, died Tuesday evening about 8:30 from the affects of a wound from a 410 guage shotgun, in a struggle with his son, 23. The family live on a farm sev en and a half miles east of Ceresco in section 26, Green preAccording to reports from the Sheriff's office, and those who called to the home, the father and son had been taking pretty liberally of some home brew which stood in an open jar in the basement. About 8 o'clock the son Curtis went to bed just off the kitchen, the father became rather violent, and picking up a small shotgun, mumbled that he would get the whole family. The mother and the wife of the son were outside on the porch, and Curtis got out of bed and rushed in to the kitcuen to prevent his father from carrying out his threat. It is said that he wrested the gun from his father and shot him in the chest. His father then took the gun away from him and rushed out in the yard. Curtis ran a half mile away to Bill Jacobs, a neighbor and phoned the sheriff that he had shot his father. Deputy Sheriff Hagstrom answered the call and was out there in a short time. Mr. Wood was found stretched out in the yard with the shotgun lying a short distance away while the elder Mrs. Wood was found in a swoon in a ditch by the roadside but Hagstrom. Mr. Wood had been a resi- dent of that neighborhood for a good many years. He was a vcry large man weighing around 325 pounds. He evidently died from loss of blood and a blood clot on the brain as his face turned dark in a short while. Wood and his wife were divorced in 1910. She has been with her son and his wife in Oklahoma until a few months ago when they returned to live with the elder Wood Curtiss Wood was brot to Wahoo Tuesday night by the sheriff and is now in the county jail. What It Costs to Handle Bank ruptcy Creditors of the Wahoo The atre belonging to the Interstate Theatres have received notice that a hearing will be held on the final costs of opcrating the bankruptcy case of the Interstate Theatres in Federal Court. The attorneys ant $100 for the services for the creditors and $100 for services for the receiver. P Horn asks $241.12 as receiver, U; having operated the business selling the assets for G, B. Horn also asks $129.32 for services as trustee, having operated the business and District Court A quiet title action has been filed by T. D. Calvin against Mamie Merrett et al and service by publication ordered. Order issued authorizing State Banking Receivership repartment to sue stockholdors of Ashland State Bank. Order issued authorizing Bank Receiver of Weston Bank to sell two bulk oil tanks pumps, motor, etc. to Emil Wonka for $600. Ludvik vs Herman Anderson et al. Order issued authorizing Wilmer G. Johnson, receiver to lease W 1-2 NW1-4 NE 1-4 NW1-4 Sec. 10, 14, 6, to Frank Pekarek, beginnng March 1, 1934. Luikhart et al. Order issued to show cause why sale should not be confirmed by July 27th. Judge William A. Reddick has overruled motion for a new trial in State vs F. & M. Bank of Weston with Chas. H. Slama, intervenor. Gets Four Years In Pen James O'Leary pled guilty Monday to assault upon Harry Beetison at Ashland on July 9th. and was sentenced by Judge Landis to four year at hard labor in the State Pen itentiary. He had served 7 years at the Nebraska Penitentiary on a similar offense. County Court Notes Estate of Elsie Carlsen, deceased filed for probate. Hear ing set for August 10th. Petition asks appointment of Geo. O. Olson as administrator. Schiefelbein and Donato, attorneys. Estate of Noah Stafford, de ceased filed for probate. Hear ing set for August 10th Petition asks appointment of Roxie Stafford as administratrix. Clyde R. Worrall, attorney.


Article from The News Cedar Bluffs Standard, November 30, 1933

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Interesting Items from Wahoo (Wahoo Wasp) New Suits in the District Court. Nellie Casement has filed a replevin suit against John H. Barry, administrator of the estate of George J. Kunkler. Channeey E. Beadle has filed suit against George W. Harmon, Carl Kiefer and Frank Houfek for judgment of $271.50 for the Saunders County Taxpayers League for the amount expended for the purchase of an electric fee box for the county jail. The petition charges that the amount levied at that time, June 5. 1931, was $92,063.27 and warrants issued were $110,155.02. Said ice box was purchased from the Carl W. Weber Electric Co., for the new county jail and an allowance of $10 was made for an old ice box. Bryant & Hood are attorneys for plaintiff, The First National Bank haas filed suit on note and interest of $6,994.07 against Frank Gross. A writ of attachment was Issued against the meat market building in Wahoo and the acreage property southwest of Wahoo. Schiefelbein & Donato represent the plaintiff and Chas. H. Slama, the defendant. Geche J. Schmidt has filed foreclosure suit against Ernest D. Schmidt on EISE: Sec. 2 and NINE Sec. 11, 14, 7, asking for an accounting and lien in default of an annuity of $200 yearly since September 1930. Battele, Travis & Strehlow, attorneys. District Court Orders. Floretta Carr vs Elmer Carr. Restraining order issued. State of Nebraska ex rol VS Ashland State Bank. Receiver ordered to collect stockholders liability and dispense with action against directors, as action would not be worth the cost of judgment. In the matter of the guardianship of Joseph Steinbach and William Stein bach. E. H. Henderson, guardian of minors, authorized to join in second mortgage note of $1,000 on two-fifths interest in We fractional 31 and WI NWI 16, 8 to pay interest and ex- penses. Ellet B. Drake VS Mary McDermott et al. Decree entered for $5483.35 for plaintiff and for cross petitioner of $4590 to Dan Dailey, as a second lien. Wheat Checks to be Mailed Soon. Between 500 and 600 wheat allotment contracts were sent in to Washington from Saunders county early this week. There are between 100 or 150 additional ones involving such cases as executorships, guardianships, absentee landlords, etc., which will follow within a week. The local committee did not feel that the latter should cause further delay to the majority. The Saunders county reports were among the first half in Nebraska to reach the Lincoln office for initial approval, but because of being held there several weeks, contract signing was somewhat delayed. However, now, with the shipment of completed confrats to Washington, it is believed that local farmers will receive their wheat checks very soon. Jos. F. Kaspar, J. F. Lubker and August Noerenberg of the County Allotment Committee, are well pleased with the manner in which applicants responded to last week's schedule for contract signing. Particularly puzzling cases were found among those of "absentee landlords", many of whom live In California, Washington, New York and other distant states, Since final contracts must bear original signatures, they had to be mailed and returned before final approval could be given. Plead Guilty to Stealing Wheat. District Judge Hastings was in Wahoo last Thursday and heard the comlaints and confessions of the two South Omaha men who were charged with stealing wheat in this county. The men were Frank Hert, 36, and Emil Chapik, 32. They pled guilty to one charge and admitted stealing wheat from three other farms. Hert was sentenced to two years and Chapik to one year in the pen. They were taken to Lincoln last Friday by Sheriff Mengel and Deputy Hagstrom. Personal Taxes Delinquent Dete. 1. Over 6,000 postal cards were sent cut from the county treasurer's office the first of the month, notifying taxpayers that their personal tax was due and would be delinquent December 1st. Under the new law taxes can be paid in two installments. If the first half is not paid by December 1, the whole amount becomes delinquent and draws interest at the rate of seven per cent. If the first half is paid, the second half does not draw interest until July 1. Real estate taxes are due in January and the first half delnquent on March 1, the second half delinquent August 1. The collection of taxes on one-half payments doubles the work in the county treasurer's office. It also makes necessary a double set of tax receipt books. Files for County Commissioner in Second District Joseph Broz, of Prague. has filed his name as a candidate for county commissioner in the second district. He paid his filing fee of $5.00. Mr. Broz is getting in early, as the primary will not be held until August of next year. Paid Filing Fee. Judge E. E. Good, candidate for supreme judge, paid his $10 filing fee at the county treasurer's office and is a candidate for re-election from the Fourth Judicial District. Civil Works Program Being Pushed. County Employment Director Frank E. Tracy wished that the people of the county would wake up to the fact that there is money available and work to be had for all unemployed under the new CWA projects. Five men were put to work Wednesday on this plan. The state has alloted money for the employment of 354 in Saunders All men that have been under county relief are now employed and there are only 18 who are physically unfit for work. He will commence on the regular registered list for the new work. Cities and towns in the cohnty should make application immediately for work under this act. The county expects to file an application aside from the state projects. Mr. Tracy's office has been swamped with detail work since the employment work has been turned over to him. Carl Kiefer and Mrs. J. R. Thompson of the Community Relief have been able to lighten the burden of the county aid considerably by working with Mr Tracy on this job. Miss Adel Calyin is also assisting with the work in Mr. Tracy's office. A new improvement Inside the town can be handled under this plan. Even pavng can be repaired or relaid if neA call for fifty men the first of the week only brought in eighteen. Men should answer their cards immediately when notified.