12740. Bank of Axtell (Axtell, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 10, 1895
Location
Axtell, Nebraska (40.478, -99.127)

Metadata

Model
gpt-5-mini
Short Digest
47181b29

Response Measures

None

Description

Multiple newspapers (Apr 11–20, 1895) report the Bank of Axtell failed to open its doors and characterize the failure as caused by drought and business stagnation. Articles do not describe depositor runs or reopening; therefore classified as a suspension that led to closure. No mention of receivership in these excerpts.

Events (1)
1. April 10, 1895 Suspension
Cause
Local Shock
Cause Details
Failure to open due to drought and general business stagnation in the region as reported by multiple newspapers on week ending April 10, 1895.
Newspaper Excerpt
The bank of Axtell, Neb., failed to open its doors. The failure was caused by drought and business stagnation.
Source
newspapers

Newspaper Articles (5)
1. April 11, 1895 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, April 11, 1895

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Article Text

ABBREVIATED TELEGRAMS. Obituary: At Louisville, Ky., General T. A. Harris. At Erie, Pa., Major H. B. Fleming, U. S. d, retired, 67. At Jerseyville, Ills., Louis Bauer. At Upland, Ind., Daniel Wise, 95. At Milwaukee, Nicholas Schoonmaker. At Ligonier, Ind., David Hough. At Lebanon, Ind., Wilson G. Edwards, 88. At Lacon, Ills., Joshua J. Myers. Denver citizens are arranging a reception for ex-Congressman J. G. Sibley, Senators John P. Jones and W. M. Stewart and General A. J. Warner, the silver champions, who are expected to arrive there next Mondey. John M. Thurston, solicitor general of the Union Pacific and senator-elect from Nebraska, announces that he will resign his position with the railway before he takes his seat in congress. The Republicans have elected eleven of the thirteen members of the board of trustees of Saratoga, N. Y, and the new members announce that they intend to crush out gambling. Phillip E. Gaffron, the Denver jeweler who was shot by a burglar, IS dead. "Billy" Lewis, a pugilist, has been arrested on suspicion. Andrew Larsen and Frank Hamilton, who were shot at San Jacinto, Cal, by Charles Marshal, are dead. Marshal was also wounded. The bank of Axtell, Neb., has failed. Judge John Sahler blew out his brains at Omaha. No motive is known. The British Museum has withdraw from public use in the library the books in its collection of which Oscar Wilde is the author. A union of all the coal and metalliferbus miners of Colorado, New Mexico, Utah, and Wyoming, has become practically assured at the semi-annual convention held at Pueblo, Colo., of District No. 15 of the Western United Mine Workers of America, where the proposition was unanimously approved. Receiver McNulta, of the whisky trust, has brought suit against Greenhut, Nelson Morris, Sam Woolner, P. J. Hennessy and others to recover about $300,000 which the receiver says the parties sued absorbed. Nelson Morris says the charge is a "dirty lie" as regards himself and he believes it equally a lie as regards the -чистэ.

2. April 12, 1895 The True Northerner Paw Paw, MI
Article from The True Northerner, April 12, 1895

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Article Text

MINOR NEWS ITEMS. For the Week Ending April 10. The Nebraska legislature adjourned sine die. A war between Norway and Sweden was said to be impending. Kirkpatrick & Co., wholesale grocers at Nashville, Tenn., failed for $175,000. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The net result of municipal elections in New Jersey was a victory for the republicans. Under the new constitution Utah will have eighteen senators and forty-five representatives. Rocky Ford, the English colony settlement in New Mexico, was completely wiped out by fire. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. The czar has refused to abolish the law prohibiting Jews from living within 50 versts of the Russian frontier. The bank of Axtell, Neb,, failed to open its doors. The failure was caused by drought and business stagnation. The bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. Five Seventh-day Adventists. convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. The United States consul at Berlin reports that there is a demand for good, sound American apples in Germany, but no supply. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A rainfall for thirty-six hours was general throughout the west and last year's drought-stricken region of Nebraska received a drenching. About forty of the most prominent horsemen in the United States met at Cleveland and formed a sporting league with P. P. Johnson as president. The Kentucky grand lodge Knights of Honor unveiled a monument at Louisville to the memory of James A. Demaree, the founder of the order. The Southern Land & Timber company (English), of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. T. M. O'Kelley murdered his aged wife at Vicksburg, Miss., with a hatchet and afterward committed suicide. He was supposed to be insane. Ninety- three farmers from Colorado, Nebraska, Kansas and Illinois are now in the southeastern part of North Carolina looking for lands. They are an advance guard. School elections were held in all the principal towns in Montana, and were remarkable from the fact that in most of the cities at least half the vote was cast by women. The American starch works, largest in the west, were burned at Columbus, Ind., causing a loss of $300,000. Lewis Wade, a colored warehouseman. per-

3. April 13, 1895 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, April 13, 1895

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Article Text

MINOR NEWS ITEMS. For the Week Ending April 10. The Nebraska legislature adjourned sine die. A war between Norway and Sweden was said to be impending. Kirkpatrick & Co., wholesale grocers at Nashville, Tenn., failed for $175,000. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The net result of municipal elections in New Jersey was a victory for the republicans. Under the new constitution Utah will have eighteen senators and forty-five representatives. Rocky Ford, the English colony settlement in New Mexico, was completely wiped out by fire. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. The czar has refused to abolish the law prohibiting Jews from living within 50 versts of the Russian frontier. The bank of Axtell, Neb,, failed to open its doors. The failure was caused by drought and business stagnation. The bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. Five Seventh-day Adventists, convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. The United States consul at Berlin reports that there is a demand for good, sound American apples in Germany, but no supply. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A rainfall for thirty-six hours was general throughout the west and last year's drought-stricken region of Nebraska received a drenching. About forty of the most prominent horsemen in the United States met at Cleveland and formed a sporting league with P. P. Johnson as president. The Kentucky grand lodge Knights of Honor unveiled a monument at Louiswille to the memory of James A. Demaree, the founder of the order. The Southern Land & Timber company (English), of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. T. M. O'Kelley murdered his aged wife at Vicksburg, Miss., with a hatchet and afterward committed suicide. He was supposed to be insane. Ninety- three farmers from Colorado, Nebraska, Kansas and Illinois are now in the southeastern part of North Carolina looking for lands. They are an advance guard. School elections were held in all the principal towns in Montana, and were remarkable from the fact that in most of the cities at least half the vote was cast by women. The American starch works, largest in the west, were burned at Columbus, Ind., causing a loss of $300,000. Lewis Wade, a colored warehouseman, perished in the flames. A freight train was wrecked near Alton, 111., and Charles Bell, Henry Blitz, Frank Harrison and David Heffley were killed and fourteen other persons were injured.

4. April 20, 1895 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, April 20, 1895

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. THE Southern Land & Timber company (English) of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. A SAND and snowstorm combined did great damage in Colorado and Kansas, and in western Kansas many horses and cattle were suffocated by clouds of pues -un uu "L 'O county, Parmee NI known man on horseback set fire to the dry prairie grass and the country was devastated for many miles. Seventeen farmers lost everything they possessed. ADVICES, from Mackinaw City, Mich., say that the vast field of ice between Waugoshance and McGulpin's point had given way and the straits were open to navigation. THE compilation of farms, homes and mortgages statistics made by the last census shows that a majority of the 12,690,150 families in the United States rent their homes. ROCKY FORD, the English colony settlement in New Mexico, was completely wiped out by fire. THE Massachusetts legislature passed a law which says that whoever on Sunday keeps open his shop, warehouse or workhouse or does any manual labor. business or work except works of necessity or charity, or takes part in any sport, game or play except a sacred concert, shall be punished by a fine of $50 for each offense. THE Bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. BEFORE the New York east conference at Stamford, Conn., Dr. Hunt reported that 100,000 Bibles had been distributed in China during the past four SOME months. 800,000 pupils of the 312 public schools in New York city celebrated the 100th anniversary of the establishment of the public school system of the state. ONE of the walls of a four-story brick building fell at Wheeling. W. Va., killing five men, one of them being Very Rev. Father F. H. Parke, vicar general of the Catholic diocese of Wheeling. INVESTIGATION in Chicago showed that counterfeiting of United States postage stamps had been extensive, and it was likely that the government would be compelled to recall the issue that had been counterfeited. AN unprecedented rain and windstorm blew down many houses at Bluefield, W. Va., and all traffic was suspended. ABOUT forty of the most prominent horsemen in the United States met at Cleveland and formed a sporting league with P. P. Johnson as president. THE Delaware and Lehigh rivers overflowed their banks near Easton, Pa., and the lowlands were submerged for miles around. THE bank of Axtell. Neb., failed to open its doors. The failure was caused by drought and business stagnation. NEAR Smith's Mills, Vt., a Boston & Maine passenger train was derailed and Engineer S. J. Rooney and Fireman Lewis Emerson were fatally scalded. DURING a dense fog a train on the Buffalo, Rochester & Pittsburgh road ran into a washout near Sykes, Pa., and Engineer Taylor, Fireman Shea and Conductor Bruce lost their lives. PRESIDENT JOSEPH B. GREENHUT, of the "whisky trust," was charged in Chicago with diverting $225,000 from the company's treasury into his own THE pockets. Kentucky grand lodge Knights of Honor unveiled a monument at Louisville to the memory of James A. Demaree. the founder of the order. FIVE Seventh-day Adventists, convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. OVER 8,000 coatmakers in Cincinnati, Covington and Newport were on strike. TRAINMEN arriving at Cheyenne, Wyo., reported that there were hundreds of cattle lying dead alongside the railroad tracks, where they drifted during the recent storm and died. JUDGE JOHN H. SAHLER, J. J. Jones,

5. April 20, 1895 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, April 20, 1895

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. THE Southern Land & Timber company (English) of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. A SAND and snowstorm combined did great damage in Colorado and Kansas, and in western Kansas many horses and cattle were suffocated by clouds of sand. IN Pawnee county, O. T., an unknown man on horseback set fire to the dry prairie grass and the country was devastated for many miles. Seventeen farmers lost everything they possessed. ADVICES, from Mackinaw City, Mich., say that the vast field of ice between Waugoshance and McGulpin's point had given way and the straits were open to navigation. THE compilation of farms, homes and mortgages statistics made by the last census shows that a majority of the 12,690,150 families in the United States rent their homes. ROCKY FORD, the English colony settlement in New Mexico, was completely wiped out by fire. THE Massachusetts legislature passed a law which says that whoever on Sunday keeps open his shop, warehouse or workhouse or does any manual labor, business or work except works of necessity or charity, or takes part in any sport, game or play except a sacred concert, shall be punished by a fine of $50 for each offense. THE Bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. BEFORE the New York east conference at Stamford, Conn., Dr. Hunt reported that 100,000 Bibles had been distributed in China during the past four months. SOME 300,000 pupils of the 312 public schools in New York city celebrated the 100th anniversary of the establishment of the public school system of the state. ONE of the walls of a four-story brick building fell at Wheeling, W. Va., killing five men, one of them being Very Rev. Father F. H. Parke, vicar general of the Catholic diocese of Wheeling. INVESTIGATION in Chicago showed that counterfeiting of United States postage stamps had been extensive, and it was likely that the government would be compelled to recall the issue that had been counterfeited. AN unprecedented rain and windstorm blew down many houses: Bluefield, W. Va., and all traffic was suspended. ABOUT forty of the most prominent horsemen in the United States met at Clevelandand formed a sporting league with P. P. Johnson as president. THE Delaware and Lehigh rivers overflowed their banks near Easton, Pa., and the lowlands were submerged for miles around. THE bank of Axtell, Neb., failed to open its doors. The failure was caused by drought and business stagnation. NEAR Smith's Mills, Vt., a Boston & Maine passenger train was derailed and Engineer S. J. Rooney and Fireman Lewis Emerson were fatally scalded. DURING a dense fog a train on the Buffalo, Rochester & Pittsburgh road ran into a washout near Sykes, Pa., and Engineer Taylor, Fireman Shea and Conductor Bruce lost their lives. PRESIDENT JOSEPH B. GREENHUT, of the "whisky trust," was charged in Chicago with diverting $225,000 from the company's treasury into his own pockets. THE Kentucky grand lodge Knights of Honor unveiled a monument at Louisville to the memory of James A. Demaree. the founder of the order. FIVE Seventh-day Adventists, convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. OVER 8,000 coatmakers in Cincinnati, Covington and Newport were on strike. TRAINMEN arriving at Cheyenne, Wyo., reported that there were hundreds of cattle lying dead alongside the railroad tracks, where they drifted during the recent storm and died. JUDGE JOHN H. SAHLER, J. J. Jones, a lawyer of note, and M. C. Bailey, a union veteran, all committed suicide in one day at Omaha, Neb. THE president was being importuned personally by men of highest influence to convene congress in special session for the repeal or correction of the income tax law. JOSEPH BUCK shot and killed Mrs. Tessie Williams in Newark, N. J., and then took his own life. No cause was known for the deed. AT Washington, N.J., duringa storm sixty-five houses were damaged by lightning, and Jacob Harring was struck and fatally injured. SADIE STRINGER, 12 years old, and William Bradley, a year older, were killed by lightning in Philadelphia. SENATOR HILL, of New York. announced that as soon as the Fiftyfourth congress convened he intended to offer a bill in the senate to repeal the income tax. GRANT GRIFFIN (colored), who murdered William Tibbs, a negro gambler, at La Crosse, Fla., November 6, was hanged.