12745. Farmers & Drovers Bank (Battle Creek, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 23, 1891
Location
Battle Creek, Nebraska (41.999, -97.598)

Metadata

Model
gpt-5-mini
Short Digest
8fe3d879

Response Measures

None

Description

Articles report the bank's doors were closed in late July 1891 and a receiver (F. O. Edgecombe) took possession. There is no explicit mention of a depositor run prior to the closure; therefore classified as a suspension that became permanent/receivership (suspension_closure).

Events (3)

1. July 23, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors amid creditor claims and legal actions; attachments and suits against related parties indicate adverse financial/legal issues leading to suspension.
Newspaper Excerpt
An Omaha special from Battle Creek, Neb., says the doors of the Farmers' and Growers' Bank closed this morning.
Source
newspapers
2. July 25, 1891 Receivership
Newspaper Excerpt
Receiver Edgecombe says that there is enough money and good paper left in the bank to pay all depositors dollar for dollar and that something would be left for the stockholders.
Source
newspapers
3. July 31, 1891 Other
Newspaper Excerpt
F. O. Edgecombe, the receiver appointed for the Farmers' and Drovers' bank of Battle Creek, arrived in town last week and took possession of the bank.
Source
newspapers

Newspaper Articles (4)

Article from Arizona Republican, July 23, 1891

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Article Text

CONDENSED TELEGRAMS. The conference of the Women's Christian Temperance Union, adjourned yesterday, having been in session several days at Mountain Lake Park, N. D. The strike of steel workers at the Allegheny Besemer steel works of Carnegie at Duquesne, Pa., for recognition of the amalgamated association, ended today in a victory for the firm. The citizens bank at Jefferson, Tex., has assigned to protect its depositors. The recent embarassment of some of its heaviest creditors is the cause. The assets are largely in excess of the liabilities. Nothing yet has ever been heard of the four missing midshipmen of Her Majesty Steamship Warspite. One of the canoes in which the young men left for Pedden Bay has been picked up, and it is believed they were drowned. An Omaha special from Battle Creek, Neb., says the doors of the Farmers' and Growers' Bank closed this morning. No statement has been made yet. The bank has a capital of $25,600.


Article from The Cape Girardeau Democrat, July 25, 1891

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Article Text

) WEST AND SOUTH. I THE doors of the Farmers' and : Drovers' bank at Battle Creek. Neb., were closed. THE table-glassware manufacturers of Pennsylvania, Ohio and West Vir) ginia have consolidated. ON the California desert Salten lake continues rising. until now the overflow reaches 2.000 square miles. The lake will be permanent and will change the climate and topography of the surrounding country. THE railway postal clerks met at Cineinnati and formed a national organization with C. A. Guthrie, of Chicago. as president. THE firm of Spooner R. Howell & Co., lumber dealers in Chicago and other western cities, have failed with liabilities of $2,000,000. THE directory of Chicago for 1891 contains over 500,000 names and indicates a total population of 1,250,000. By the death of her uncle, Sir James Baxendale, of England, Mrs. Dr. J. Holloway. of Springfield, O., has fallen heir to $1,000,000. AT Pine Bluff, Ark., Robert Williams was hanged for the murder of Albert Hayes in November, 1890. THE marriage of Miss Nina Van %andt. the so-called widow of the executed anarchist, August Spies, to Stefano S. Malato, a young Italian journalist, took place in Chicago. N. II. VAN SICKLEN. of Chicago. made 25 miles in 1 hour. 25 minutes and 11 seconds in a bicycle race at Detroit, Mich. AT West Superior, Wis., during a windstorm a new building was blown down and five persons were killed and some twenty others injured. AT St. Mary's, O., the chain works were struck by lightning, and seventy of the employes were knocked speechless by the shock and some were serieusly stunned. THE failure of the First national bank of Wyandotte, Kan., with liabilities of $100,000 and assets of $200,000 was reported. THE death of Gen. B. F. Kelley, who raised the first regiment of loyal troops south of Mason and Dixon's line during the war of the rebellion, occurred at his home near Oakland. Md. AT Eldon, Ia., an incendiary fire destroyed the business portion of the town. IN the northeastern portion of Puiaski county. Ark., a storm did great damage to the growing crops. THE grain in the path of a storm for a distance of 5 miles was destroyed in the township of Luxemburg, Minn. NEAR Fort Collins, Col., a heavy hailstorm greatly damaged grain over a tract 20 miles long and 3 wide. NEAR Glencoe, Minn., Gustav Kuthkee and his two little boys were probably fatally injured by being run over by a mowing machine. THE evangelist. Rev. Sam Small, is to be managing editor of the new Evening Herald of Atlanta, Ga.


Article from New-York Tribune, July 26, 1891

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Article Text

SAVING SOMETHING FROM A WRECK. Chicago, July 25.-A dispatch from Battle Creek, Neb., says: "The town is crowded with attorneys looking after the interests of clients having claims against the Farmers and Drovers' Bank of this place. Sheriff Losey has attached the residence of Robert Maxwell, which was in his wife's name. The attachment suit was brought by the Norfolk National Bank of Norfolk, Neb., to recover something over $5,000 that Maxwell was surety for. The property is valued at $6,000. Receiver Edgecombe says that there is enough money and good paper left in the bank to pay all depositors dollar for dollar and that something would be left for the stockholders."


Article from The McCook Tribune, July 31, 1891

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Article Text

MISCELLANEOUS MATTERS. A camp of Sons of Veterans will be formed at Ansley. -A brass band tournament is being talked of at Alliance. -Pierce county's fair will be held September 17, 18 and 19. -Lightning killed ten horses in a pasture near Beaver City. -John Borham of Dodge county had two horses stolen from his place. -The Long Pine chautauqua opens August 1st and closes on the 16th. -The Holt county soldiers' reunion will be held at Atkinson July 4 to 7. -Hastings has fourteen colored school children out of a total of 1,564. -James Sadell was arrested and fined at Kearney for cruelly beating a horse. -A chariot race will be one of the attractions at the Clay county district fair this fall. -The prospects for a four cornered political fight in Lancaster*county this fall are good. -Lincoln claims more miles of electric street railway than any city of its size in the union. -An Omaha hack drivernamed McFarland was last week killed by the the kick of a horse. -Rev. W. H. Niles, of Nelson. has been installed pastor of the Table Rock Presbyterian church. -The depot at Elkhorn was struck by lightning and the telegraph instruments burned out. -A thief entered a West Point apiary the other night and stole one of the best hives of bees. -Cass county has .937 children of school age, standing fourth in the list of counties in the state. -Lightning rod men are operating throughout the state, their mission generally being to swindle. -The contract has been let for the construction of fifteen bridges in Cedar county to a Wakefield builder. -The Catholic parsonage at Falls City was fired by an incendiary. The building was partially destroyed. -The citizens of Gothenburg have petitioned the court to change the name of that town to Platte Falls. -Burglars entered the stores of Joe Klein and R. Peterson at Plattsmouth and secured considerable plunder. -Four pickpockets belonging to Forepaugh's circus were arrested at Fremont and each fined $50 and costs. -Blue Hill wants the county seat of Webster county. Her citizens will give $100,000 to secure the coveted prize. 4 -A guest of an Omaha hotel gave a tramp a $5 bill to get changed so that he might give him a quarter. The tramp forgot to return. -The Nebraska delegates to the Grand Army of the Republic encampment at Detroit will work for the encampment at Lincoln in 1892. -Fire destroyed the old hotel property at Homer, which was owned by C. J. O'Connor, Dakota county's treasurer. Most of the furniture was saved. -There is a lage sized row on in a leading Aurora church, all because the organist wouldn't play if she had to sit with her back to the congregation. -Nebraska has 240,300 public school pupils ond 10, 555 teachers, and the gain in the public school enrollment in the last ten years has been 138 per cent. -F. O. Edgecombe. the receiver appointed for the Farmers' and Drovers' bank of Battle Creek, arrived in town last week and took possession of the bank. -There is a scarcity of havesting machines in many localities. Dealers have received more orders than they can fill. The supply of twine is also exhausted. -Winter wheat is estimated to go from 30 to 40 bushels per acre in Adams county. Oats will yield from 50 to S0 bushels. The yield generally will be large. -The 12-year-old daughter of Mr. H. A. Thomas, living a few miles west of Ansley, was kicked in the face by a horse, severely fracturing the bones of the right cheek. -John Hagadorn, a young man clerking in the store of William Nichoison of Wisner. was drowned in the Elkhorn while bathing with about a dozen companions. -Thursday, July 16. was an eventful day in the history of Wausa. A petition of 210 names was presented to the board of supervisors and the town was incorporated. --The secretaries of the board of transportation went to Lisbon, Perkins county, to hear arguments for compelling the B. & M. to have an agent at that point, now a flag station. -A grand G. A. R. reunion will be held at Greenwood next month, lasting a week. The camp will be on Salt creek, in a beautiful grove. Eminent speakers will be in attendance. -H. C. Mead of Alma, was riding on horseback, when his steed stumbled, pitching him onto the ground, after which the animal fell and rolled