Exchange Bank - Atkinson, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 7, 1897
Location: Atkinson, Nebraska (42.531, -98.978)

Metadata

Model: gpt-5-mini
Short Digest: 5fae74d4

Response Measures

None

Description

The Exchange Bank of Atkinson suspended on May 7, 1897 when the state bank examiner took it in charge. It subsequently went into receivership (receiver S. B. Howard) in mid-May 1897. Articles describe insolvency/bad books related to State Treasurer J. S. Bartley's dealings, but the immediate action was by the state examiner, so classified as suspension by government action leading to permanent closure/receivership.

Events (2)

1. May 7, 1897 Suspension

Cause: Government Action
Cause Details: Taken in charge by the state bank examiner on May 7, 1897; state action to close/suspend the bank following concerns about its condition (related to owner J. S. Bartley's troubles).
Newspaper Excerpt: The Exchange bank at Atkinson, Neb., suspended the 7th.
Source: newspapers

2. May 17, 1897 Receivership

Newspaper Excerpt: went into a receiver's hands on May 17, 1897 ... turned over to S. B. Howard, receiver, the cashier filed and Howard receipted for all of the notes on hand.
Source: newspapers

Newspaper Articles (4)

1. May 8, 1897 The Herald Los Angeles, CA

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TWO BANK FAILURES THE DALLES NATIONAL CLOSES ITS DOORS The Exchange Bank of Atkinson, Neb., Shut Up-Both Will Pay Depositors in Full THE DALLES, Ore., May 7.-Bank Examiner Clary posted a notice at 10 a.m. today on the door of The Dalles National Bank, closing it. This action was taken against the advise and protest of the bank's officers. Malcolm A. Moody, Cashier, had nothing to say in regard to the failure, except that depositors would be paid in full. The officers of the bank were ex-Governor z. F. Moody, President; Chas. Hilton, Vice-President; and M. A. Moody, Cashier. It is not thought here that the failure will affect any business houses in The Dalles, although the bank had a large mercantile clientage. It is reported that a disagreement among the stockholders led to the closing of the institution. No statement of assets and liabilities has been made. Bank Examiner Clary stated that he had received telegraphic instruction from Comptroller Eckels ,authorizing him to close the bank Wednesday. The Dalles city, and Wasco county, had deposits aggregating $10,000. Mr. Clary is in charge as temporary Receiver and a permanent one will be appointed soon. A NEBRASKA CONCERN LINCOLN, Neb., May 7.-The Exchange bank of Atkinson, ex-State Treasurer J. S. Bartley's bank, was taken in charge by the state bank examiner. The bank had a capital of $30,000. Its last statement shows assets amounting to $117,367. The liabilities are said to be somewhat under nominal assets. The bank was not a state depository only as Bartley saw fit to utilize it as such. The officers of the bank were J. S. Bartley, president; H. Bartley, vice-president; J. E. Allison, cashier.

2. May 12, 1897 The Ely Miner Ely, MN

Article from The Ely Miner, May 12, 1897

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the inflow of water into the Kelloe colliery near Durham, England. LATER. The business of the third annual convention of the National Municipal league was finished at Louisville, Ky. The National Mauufacturing company, which was branded by the attorney general of Wisconsin as a trust and proceeded against on that ground, has filed formal papers at Oshkosh dissolving the corporation. An engagement began early the 7th near Velestimo and lasted several hours, the Turks finally beating the Greeks back. The latter retreated upon Volo, sharply pursued by the Turks. A brutal prize fight occurred near Allegan, Mich., the 7th. Eddy Shannon, of Detroit, and Lew Agnew were the pugilists. The men kept at it until the 45th round, when both fell from exhaustion, dripping with blood. The Exchange bank at Atkinson, Neb., suspended the 7th. The Dalles (Ore.) National bank was closed the 7th by the bank examiner. The immediate cause of the closing was a disagreement among the stockholders. The Iowa legislature has adopted the wild rose as the official state flower. Four people were murdered at the farm house of Alexander Harris, near Waukesha, Wis., the. 7th. the victims being Mr. Harris, his wife, hired girl and hired man. The crime was committed by a farm hand named William Pouch, who had been sheltered by the farmer over night. The dead and wounded are: Alexander Harris, aged about 45 years, killed outright. Mrs. Harris, aged 44 years, killed. Hired girl, fatally wounded. Hired man, probably fatally wounded. Col Manos wires from Arta that the Turks have begun a wholesale massacre of the inhabitants in the interior of Epirus. Almost all the inhabitants of of the village of Kanvariena have been murdered, a few only escaped to the mountain. W. J. Calhoun, of Illinois, special counsel for the United States government, has gone to Cuba to investigate the conditions under which Dr. Ruiz met his death in the jail at Guanabacoa. A duel with sabers between Herr Wolff and M. Herica, two Austrian deputies resulted in the wounding of both. The little steamer Pinta which has served as a gunboat for many years in Alaskan waters has been ordered home to Mare Island. She has outlived her usefullness. The Turks have completely occupied and burned Velestino. Violent shocks of earthquake were felt at Rome and other points in Italy. Ex-Vice President Adlai E. Stevenson, Gen. J. C. Payne and United States Senator E. O. Wolcott, who were recently appointed by President McKinley as a commission to confer with the heads of European goyernments relative to the holding of an international bimetallic conference, sailed for Europe on the French liner La Touraine. Rosse Hall at Kenyon college, Mt. Vernon, Ill., was totally destroyed by fire causing a loss of $10,000. The hall was built by money raised in England. The Mallory line steamer Leona, bound from New York to Galveston, Texas, caught fire when a short distance at sea and was obliged to put back to port. When she reached New York 13 of the steerage passengers and three of the crew were dead. Among the documents recently captured from the insurgent leader Aguirre, was found one appointing Maj. Gen. Pedro Diaz as the successor of Rius Rivera. The Greek government has informed the ministers of the powers verbally that, following the recall from Crete of Col. Vassos, 25 officers and two companies of Sappers, the gradual withdrawal of troops from the island of Crete will take place. After a brief delay the powers will offer to mediate between Greece and Turkey. The queen regent of Spain has issued a decree authorizing the raising of £8,000,000, to be secured by the customs duties of Spain, to meet the cost of military operations in Cuba and the Phillippine islands. The Bank of Spain will undertake the issue. Wm. H. Phillips, a prominent attor-

3. May 13, 1897 Warren Sheaf Warren, MN

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south. Eleven men were drowned through the inflow of water into the Kelloe colliery near Durham, England. LATER. The business of the third annual convention of the National Municipal league was finished at Louisville, Ky. The National Mauufacturing company, which was branded by the attorey general of Wisconsin as a trust and proceeded against on that ground, has filed formal papers at Oshkosh dissolving the corporation. An engagement began early the 7th near Velestimo and lasted several hours, the Turks finally beating the Greeks back. The latter retreated upon Volo, sharply pursued by the Turks. A brutal prize fight occurred near Allegan, Mich., the 7th. Eddy Shannon, of Detroit, and Lew Agnew were the pugilists. The men kept at it until the 45th round, when both fell from exhaustion, dripping with blood. The Exchange bank at Atkinson, Neb., suspended the 7th. The Dalles (Ore.) National bank was closed the 7th by the bank examiner. The immediate cause of the closing was a disagreement among the stockholders. The Iowa legislature has adopted the wild rose as the official state flower. Four people were murdered at the farm house of Alexander Harris, near Waukesha, Wis., the 7th. the victims being Mr. Harris, his wife, hired girl and hired man. The crime was committed by a farm hand named William Pouch, who had been sheltered by the farmer over. night. The dead and wounded are: Alexander Harris, aged about 45 years, killed outright. Mrs. Harris, aged 44 years, killed. Hired girl. fatally wounded. Hired man, probably fatally wounded. Col Manos wires from Arta that the Turks have begun a wholesale massacre of the inhabitants in the interior of Epirus. Almost all the inhabitants of of the village of Kanvariena have been murdered, a few only escaped to the mountain. W. J. Calhoun, of Illinois, special counsel for the United States government, has gone to Cuba to investigate the conditions under which Dr. Ruiz met his death in the jail at Guanabacoa. A duel with sabers between Herr Wolff and M. Herica, two Austrian deputies resulted in the wounding of both. The little steamer Pinta which has served as a gunboat for many years in Alaskan waters has been ordered home to Mare Island. She has outlived her usefullness. The Turks have completely occupied and burned Velestino. Violent shocks of earthquake were felt at Rome and other points in Italy. Ex-Vice President Adlai E. Stevenson, Gen. J. C. Payne and United States Senator E. O. Wolcott, who were recently appointed by President McKinley as a commission to confer with the heads of European governments relative to the holding of an international bimetallic conference, sailed for Europe on the French liner La Touraine. Rosse Hall at Kenyon college, Mt. Vernon, Ill., was totally destroyed by fire causing a loss of $10,000. The hall was built by money raised in England. The Mallory line steamer Leona, bound from New York to Galveston, Texas, caught fire when a short distance at sea and was obliged to put back to port. When she reached New York 13 of the steerage passengers and three of the crew were dead. Among the documents recently captured from the insurgent leader Aguirre, was found one appointing Maj. Gen. Pedro Diaz as the successor of Rius Rivera. The Greek government has informed the ministers of the powers verbally that, following the recall from Crete of Col. Vassos, 25 officers and two companies of Sappers, the gradual withdrawal of troops from the island of Crete will take place. After a brief delay the powers will offer to mediate between Greece and Turkey. The queen regent of Spain has issued a decree authorizing the raising of £8,000,000, to be secured by the customs duties of Spain, to meet the cost of military operations in Cuba and the Phillippine islands. The Bank of Spain will undertake the issue. Wm. H. Phillips, a prominent attorney of Washington. D. C., was drowned while sailing on the Potomac river. Jim Parkes, the notorious train robher and two other desperadoss

4. October 18, 1910 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, October 18, 1910

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R. L. Metcalfe's Friends Roused By Hitchcock Declare His Slap at Former Employe is Cowardly-Metcalfe Refuses to Talk of Case. (From a Staff Correspondent.) LINCOLN, Oct. 17.-(Special.)-Lincoln friends of R. L. Metcalfe are incensed at the manner in which Congressman Hitchcock brings his name into the dealings he had with State Treasurer Bartley. They brand the statement of the Omaha editor as cowardly, saying that when during the primary fight, it was charged that Metcalfe had signed the petition for Bartley's parole, and had written an editorial in defense of granting such a parole the Omaha editor, under whom Metcalfe was working, had no work to say in defense of Metcalfe. At the time it was not generally known that Hitcheock had himself been on terms of intimacy with the defaulting treasurer, but had kept behind the cover of his editorial writer in taking a stand on the matter of pardon. They query. why Hitchcock should have found it necessary to name Metcalfe as his intermediary in the dealings with Bartley when Metcalfe, himself under fire because of his public attitude on the Bartley pardon and parole, had said no word which might implicate his chief in the same things, although the two were opponents in the primary fight, and although Metcalfe must have known that Hitchcock himself was the real man, in the confidential relations with Bartley and Metcalfe but the agent. Mr. Metcalfe would say nothing on the matter this morning, except this: "Any part 1 may have had in the transactions between Mr. Hitchcock and Mr. Bartley was that of a confidential nature and I can say nothing. What is said must come from Mr. Hitchcock, for whom I was working on salary at the time." The Exchange bank of Atkinson was the institution that Bartley ran for a number of years. It was incorporated on December 4, 1884, and went into a receiver's hands on May 17, 1897, right after Bartley got into trouble. At the time that it was turned over to S. B. Howard, receiver, the cashier filed and Howard receipted for all of the notes on hand. A list of these may be found with the reports of the bank in the state banking department. The name of Mr. Hitcheock does not appear thereon as a debtor of the bank, but as this list was prepared two years later than Mr. Hitchcock had his deal with Bartley, as per the letters printed, this proves nothing, as the notes may have been paid before. None of the bank's reports on file gives a list of debtors of the bank on any other date than that of the failure. Bartley owned the bank himself, four others holding a share each in order to qualify as directors. The capital stock was $30,000, and at the time of its failure its books showed a surplus of $10,000, deposits of $68,316 and loans and discounts of $90,734. The bank was in bad shape, being bolstered up by credit entirely by the fact that Bartley himself had $55,000 on deposit, although his personal account was overdrawn $112. The money was undoubtedly that of the state, but it was to Bartley's own credit. Later Attorney General Smythe filed suit against the bank, asserting that Bartley had filed no claim of ownership, but, being indebted to the state, the attorney general wanted to get for the state whatever dividend was paid thereon. Läter he' collected $6.700 on this claim. Outside of Bartley's big deposit there were deposits only of $13,000. A Lincoln attorney said today that when Bartley was running for treasurer he forced the collection of $2,000 Bartley was owing an eastern bank, and that the impression he got was that Bartley had no large amount of private funds on hand.