12762. Nebraska National Bank (Beatrice, NE)

View Charter #4185 on SPMC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4185
Charter Number: 4185
Start Date: July 1, 1893
Location: Beatrice, Nebraska (40.268, -96.747)

Metadata

Model: gpt-5-mini
Short Digest: c14b8432

Response Measures

None

Receivership Details

Depositor recovery rate: 61.4%
Date receivership started: 1893-07-12
Date receivership terminated: 1898-06-16
OCC cause of failure: Losses
Share of assets assessed as good: 38.1%
Share of assets assessed as doubtful: 55.5%
Share of assets assessed as worthless: 6.4%

Description

The bank failed to open July 1, 1893 and was placed in receivership (Comptroller appointed receiver July 12, 1893). Contemporary reports mention money-market stringency and weak condition; there is no explicit contemporaneous description of a depositor run on this specific bank. Thus this is a suspension that led to permanent closure/receivership.

Events (6)

1. December 21, 1889 Chartered

Source: historical_nic

2. July 1, 1893 Suspension

Cause: Macro News
Cause Details: Money-market stringency and weak condition of the bank during the July 1893 financial distress; reports say banks 'failed to open' amid wider stringency and collection difficulties in the market.
Newspaper Excerpt: The Nebraska National Bank ... failed to open their doors this morning.
Source: newspapers

3. July 12, 1893 Receivership

Source: historical_nic

4. July 12, 1893 Receivership

Newspaper Excerpt: The comptroller of currency today appointed E. R. Fogg receiver of the Nebraska National Bank of Beatrice, Neb.
Source: newspapers

5. January 18, 1894 Other

Newspaper Excerpt: Receiver Fogg ... announces that depositors will be paid 100 cents on the dollar when the affairs of the concern are finally settled.
Source: newspapers

6. May 16, 1894 Other

Newspaper Excerpt: The comptroller of the currency directed Receiver Fogg ... to issue checks for another 15 per cent dividend to all creditors of the bank.
Source: newspapers

Newspaper Articles (18)

1. July 1, 1893 Evening Star Washington, DC

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Action in Western Bank Failures. Controller Eckels today appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner during the day. All the banks are small institutions.

2. July 2, 1893 The Times Richmond, VA

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Several Bank Failures. GEORGETOWN, COL., July 1.-The bank of Clear Creek county made an assignment yesterday. The assets amounted to $397,000; liabilities, $223,000. SALT LAKE, UTAH, July 1.-The First National Bank of Provo closed its doors yesterday. The assets are $115,000; liabilities same. Inability to make collections is the cause of the failure. FORT WORTH, TEX., July 1.-The Exchange Bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed that the depositors will be paid in full. A sudden withdrawal of depositors caused the suspension. OMAHA, NEB., July 1.-The Nebraska National Bank of Beatrice, capital stock $100,000, and the American Bank of Beatrice, a small concern, both closed their doors to-day.

3. July 2, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, July 2, 1893

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SOME FEW FAILURES. Suspension of Two Small Banks at Beatrice, Nebr. BEATRICE, July 1.-The - Nebraska National Bank and the American Bank failed this morning. Each had a capital of $100,000. The deposits of the American Bank do not exceed $60,000 and the assets are entirely sufficient to pay all demands. The Nebraska National Bank has deposits of over $100,000. but the assets are in good shape. No run was made on the other banks. ST. LOUIS, July .-The Madison Car Company, which was concerned in protesting a note handled by Post, Martin & Co., a few days ago. assigned at Edwardsville, Ill., to-day : liabilities $918,000, assets $122,000. The works of the company are located at Madison, 111. The company has given employment to 2000 men. It

4. July 2, 1893 The Herald Los Angeles, CA

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WESTERN BANK FAILURES. Nebraska, Colorado and Other States Farnish Their Quota. BEATRICE, Neb., July .-The Nebraska National bank and the American bank failed this morning. Each had a capital of $100,000. The American bank's deposits will not exceed $60,000, and the assets are entirely sufficient to pay all demands. The Nebraska National bank has deposits of over $100,000, but the assets are in good ehape if no run is made on the other banks. SALIDA, Colo., July 1.-The Chaffe County bank made an assignment this morning with liabilities between $80,000 and $90,000, while the assets are not yet known. Slow collections is given as the cause of the failure. A run was averted on the First National bank, which closed at 11:30 until Monday. The directors say the depositors will be paid in full. OURAY, Colo., July 1.-The First National bank closed this morning, owing to the want of currency. Assets $110,000 and liabilities $42,000. It will prob ably resume in a few days. A run was inaugurated on Thatcher Brothers' Merchants' and Miners' bank, but it was only a slight flurry. WEBB CITY, Mo., Julr 1.-The Exchange bank of this city assigned today. Deposits, $60,000; liabilities not yet known. The stringency in the money market and withdrawal of deposits are assigned as the cause of the failure. WASHINGTON, July 1. - Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipeburg, Mont. Comptroller Eckels has appointed J. H. Adams receiver of the failed Citizen's National bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the First National bank of Provo, Utah.

5. July 2, 1893 The Sun New York, NY

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Minor Business Troubles. GEORGETOWN. Col., July -The bank of Clear Creek county made an assignment yesterday to Lafayette Hanchett. A placard was hung un on the window of the bank announcing as follows: "If conditions change so that we can obtain money on our securities we shall resume at once. The assets are $397.900. liabilities $233,000. GLOUCESTER Mass.. July 1. - A voluntary petition in insolvency has been filed by G. Hodgkinson & Co., rish merchants. They owe $42.607. and have assets of about $13,000. CHATTANOOGA. July 1.-The Bloch Drug Company made a general assignment yesterday. No preference. The assignment is made to protect the business for liquidation. as it has been the intention for some time to wind the business up. The liabilities are about $50,000 and the assets are said to be ample to pay all creditors. Prosper Lazard was named as trustee. PITTSBURGH, July 1. - The Speer White Sand Company of 91 Fifth avenue. made an assignment this afternoon to J. H. Speer city, one of the company's officials. Mr. Speer said that its liabilities are $60,000. and its assets $250,000. According to Mr. Speer the stringency of the money market. unfortunate investments in sand lands and works at Dawson. Pr.. and the unusual shut down of the plate glass mills caused the difficulty. SALT LAKE. Utah. July The First National Bank of Provo closed its doors yesterday morning. The assets and liabilities are each $115,000. Officials expect the bank will soon resume business MUSKEGON. Mich., July 1.-The Muskegon Iron and Steel Company went in n receiver's hands yesterday. Assets and liabilities are not obtainable, the receiver being at work on the list. The company has a paid up capital of $200,000, and last January reported debts of $160,000; credits. $20,000: real and personal property. $316,000. BEATRICE. Neb.. July ..-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. RED CLOUD. Neb., July -The Farmers' and Merchants' Bank of this place closed yesterday. No statement has been made.

6. July 2, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 2, 1893

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Two Nebraska Banks Fail. BEATRICE, Neb., July 1.-The Nebraska National bank and the American bank failed this morning. Each had a a capital of $100,000. No other particulars. The American bank deposits will not exceed $60,000, and the assets are entirely sufficient to pay all demands. The Nebraska National bank has deposits over $100,000, but the assets are in good shape. No run was made on the other banks.

7. July 2, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, July 2, 1893

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An Immense St. Louis Concern in a Receiver's Hands, ST. LOUIS, July 1.-The Madison Car company filed articles of assignment in the recorder's court at Edwardsville, Ill., today. The assets are given at $918,000 and liabilities at $1,122,000, Paul A. Fusz is named as assignee. The company recently erected a large plant for the manufacture of railway cars at Madison, III., opposite this city, and has endeavored to build up a city similar to Pullman, III. The company has been in straitened circumstances for some time, and the stringency of the money market has precipitated the failure. About 690 were employed at the works. The announcement of the failure created surprise in mercautile circles in this city, owing to the fact that the stockholders of the company are all St. Louis people. Many of the stockholders are also heavily interested in the Merchants' Bridge, the Security Building and other large enterprises. The company is capitalized at $500,000,and about six months ago floated an additional bonded indebtedness of $500,000. This was used in p ying off pressing obligations. The company has done a heavy business in manufacturing railway cars and material, and it is said had some difficulty in securing payment for material and rolling stock furnished to different railroads. OSALT LAKE, Utah, July 1. - The National Bank of Commerce at Provo closed its doors this morning owing to a run caused by the failure of the First National bank yesterday. Assets, $80,000; capital. $50,000; other liabilities, $25,000. FORT WORTH, Tex., July 1.-The Exchange bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed that the depositors will be paid in full. A sudden withdrawal of deposits coused the suspension. PHILADELPHIA, July 1.-Executions have been issued from common pleas court on five judgments entered on judgment notes aggregating $44,842.40, against Charies Illingsworth, dealer in morocco. OMAHA, Neb., July 1.-The Nebraska National Bank of Beatrice, capital: $100,000, and the American Bank of Beatrice, a small concern, both closed their doors today. They have been in a weak condition for some time. DENVER, Col., July 1.-The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dis missed from work were paid with checks on the bank. and they are clamoring for coin. All business firms have shut down on crodit. WASHINGTON, July 1.-Comptroller Eckels today appointed J. R. . Adams receiver for the failed Citizens' National Bank of Spokane. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, and Bank Examiner Latmer to take charge of the failed Nebraska National Bank, of Beatrice, Neb. Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipsburg, Mont. He has directed Bank Examiner Aubry to take charge of the failed National Bank at Ricu, Col.

8. July 2, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 2, 1893

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MORE WESTERN BANKS CLOSE THEIR DOORS. Denver, July -The First National Bank at Rico closed Its doors yesterday, because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank, and they are clamoring for coin. All business firms have shut down on credit. GeorgeTown, Col., July 1.--Owing to the unexpected demands made during the last few days, the Bank of Clear Creek County made an assignment yesterday morning to Lafayette Hanchett. A placard was hung upon the window of the bank announcing as follows: s If conditions change so that we can obtain money on our securities, we shall resume at once." The assets of the institution are more than ample to meet very obligation. They amount to $397,000, while the liabilities are only $233,000. Salt Lake City, Utah, July 1.-The First National Bank of Provo closed its doors yesterday morning. A. O. Senoat is president, and W. H. Dusenberry cashier. The assets are $115,000, and the liabilities are the same. Inability to make collections or rediscounts is the cause of the failure. Officials expect the bank will soon resume business. Beatrice, Neb., July 1.-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. Washington, July 1.-Controller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice, and Bank Examiner Aubry, to take charge of the First National Bank of Rico, Col. All the banks are small institutions.

9. July 4, 1893 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, July 4, 1893

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HAIL COLUMBIA, happy land! BREAKFAST BUDGET. White stockings have never gone out in Gerinany. Tabooed elsewhere, they have continued in favor with the averago Teuton frau. And in England the older ladies have continued to wear white cotton hosiery. But the white stocking is a horror, an offense unmitigated and not to be palliated. Let England decree or do what she pleases, she cannot win or drive us back to the ridiculous old heresy, the absurd abomination of white hosicry.-Chicago Record. Recent scientific discoveries have made possible the use of higher tomperatures than had before been reached, and the application of the electric current has given a degree of heat hitherto considered unattainable. In the opposite direction a French scientist, M.Pietet has been experimenting and has succeeded in producing the extraordinarily low temperature of 273 degrees centigrade (491 degrees Fahrenheit) below the freezing point, a degree of cold almost incalculable to our senses. The Queen of Denmark is, after Queen Victoria, the most remarkable of European Queens. Three of her children are either occupying thrones, or will do so in the near future. Though she is nearly 80, ehe still retains much of her youthful appearance and vigor. She was married at the age of 23. All her six children are living, and every one of them has proved a credit to her. Thoso old settlers of Chicago gave away abous 26 dozen gold medals at their picnic the other day to various persons whom they thought deserving of them, one going to "the girl working longest in the same family." This was bestowed upon Emma Schillinger, now forty-four years old, who has worked in the same family sinco September, 1859. The pretty glass carafe is no longer "the thing" of the dining table. Its place is taken by the pitcher that it at one time supersodod. One advantage of this rechange is evident; ice in one's goblet, with water poured over it from 8 carafe, is quite a different matter, as to result in refreshing coolness, from ice in a pitcher of water. Should the earth collido with another world of equal bulk, it is claimed that the heat gencrated would be sufficient to melt, boil and completely evaporizo a mass of ice fully 700 times the bulk of both the colliding worlds-in other words, an ice planet 150,000 miles in diamotor. The old cometery at Barcelona is in truth a "city of the dead." Streets upon streets of walls, with fivo stories of niches, into which the coffins are to be placed, give one indeed the idea of a doserted city. This fashion obtains all over Spain and in some parts of Italy. Two intoresting relice of Shakespeare were sold at Christic's in London recently for $785. They were a jug of cream colored oarthonware, much like n modern coflee pot in size and shape, and a Malacca cano in an excellent state of proservation. There is said to be 2,754 languages and dialects in uso throughout the world. The Nebraska National Bank at Bea. trice has suspended. The Bi-Metallic silver mine in Mon. tana will close down. Rio Grando do Sul robels are still winning victories. A Bombay newspaper says that if

10. July 6, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, July 6, 1893

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BANKS FAIL. Several Financial Institutions in Various Places Forced to Suspend. GEORGETOWN, Col., July 1.-The Bank of Clear Creek county at this place made an assignment yesterday with liabilities of $233,000 and assets of $397,000. Provo, U. T., July 1.-The First national bank of this place closed its doors yesterday, with liabilities of $60,000. SALIDA, Col., July 3.-The Chaffee county bank, of which William E. Robertson is cashier, has made an assignment to S. J. Foster, of this city. Mr. Foster says that the liabilities are between $80,000 and $90,000. The deposits are $73,000, including $21,000 in certificates of deposit. He is unable to give the assets. OURAY, Col., July 3.-The First national bank of this place closed its doors Saturday. Deposits amount to about $50,000 and notes and discounts to about $120,000. No definite statement has been made. BEATRICE, Neb., July 3.- - The Nebraska national bank and the American bank failed to open their doors here. Each bank had a capital of $100,000.

11. July 8, 1893 The Irish Standard Minneapolis, Saint Paul, MN

Article from The Irish Standard, July 8, 1893

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BANKS FAIL. Sevenal Financial Institutions in Various Places Forced to Suspend. SALIDA, Col, July 3.-The Chaffee county bank, of which William E. Robertson is cashier, has made an assignment to S. J. Foster, of this city. Mr. Foster says that the liabilities are between $80,000 and $90,000. The deposits are $73,000, including $21,000 in certificates of deposit. He is unable to give the assets. OURAY, Col., July 3.-The First national bank of this place closed its doors Saturday. Deposits amount to about $50,000 and notes and discounts to about $120,000. No definite statement has been made. BEATRICE, Neb.. July 3.-The Nebraska national bank and the American bank failed to open their doors here. Each bank had a capital of $100,000. LEADVILLE, Col., July 5.-The American national bank, of Leadville, closed its doors, with liabilities of $342,000. GOLDEN, Col., July 5.-The Jefferson county bank closed its doors, with liabilities of $76,000.

12. July 12, 1893 Evening Star Washington, DC

Article from Evening Star, July 12, 1893

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Bank Receiver Appointed. The controller of the currency today appointed Mr. E. R. Fogg receiver of the Nebraska National Bank of Beatrice, Neb.

13. July 12, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, July 12, 1893

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RECEIVER APPOINTED WASHINGTON, July 12.-The comptroller of currency has appointed E. R. Fogg receiver of Nebraska National Bank of Beatrice.

14. July 13, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, July 13, 1893

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TELEGRAPHIC BREVITIES. NEW YORK, July 12.-The remains of Justice Samuel Blatchford were placed in the family vault as Greenwood cemetery at noon. WASHINGTON, July 12.-The comptroller of currency has appointed E. R. Foga receiver of the Nebraska National bank at Beatrice. LONDON, July 12.-Lord Chief Justice Coloridge has entirely recovered from yesterday's indisposition and was on the bench this morning. CINCINNATI. July 12.-Last night the trustees of Lane theological seminary ao. cepted the resignation of Prof. Henry Preserved Smith. CHICAGO, July 12. -The handsome South Dakota building ate the World's fair was dedicated to-day in the presence of several thousand people. TOPEKA, Kan.. July 12.-In a letter to A. J. Richard, of Fort Moost, Attorney General Little intimates thas the state administration has thrown prohibition over. NEW YORK, July 12.-Otavus Allen. aged 52 years, as one time a well known actress, is dend. She wasat different times leading lady for Booth, Barrett and Keene. MILWAUKEE, July 12.-The grand jury in. dioted all of the officers and directors of the Plankinton bank for transactions loading to the failure of that institution. They gave bail. ROSEBURG, Ore., July 12.-County treas. urer Arlington is short in his accounts, but until the investigation is completed 10 will not be known how much. It is believed, however, the shortage will reach $30,000.

15. July 13, 1893 The Yellowstone Journal Miles City, MT

Article from The Yellowstone Journal, July 13, 1893

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Receiver Appointed. WASHINGTON, July 12. The Comp troller of Currency has appointed E. R. Fogg receiver of the Nebraska National bank of Beatrice.

16. July 15, 1893 Albuquerque Weekly Citizen Albuquerque, NM

Article from Albuquerque Weekly Citizen, July 15, 1893

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Telegraphic Brevities The war in Brazil has demora ized the American coffee market. The people of Siam have decided to appeal for H British protectorate. The fall in silver has created is panic in Panama, and many failures have oc curred. The remains of the late Justice Blatch ford were placed in the family vault at Greenwood . Athlete Mullane, of base ball fame, 88) H his wife abused him. He wants alimony with divorce. E. R. Fogg has been appointed receiver of the Nebraska National bank at Beatrice, Neb. Twenty-three lives were lost by the burning of the cold storage warehouse at Jackson Park Navahoe, America's yatch which 18 to sail in the English regattas. has reached the Iele of Wright The Chinese minister to France has lodged a strong protest against French aggression in Siam. The hide, leather and shoe dealers of New York have resolved for the repeal of the Sherman law. The situation in France is critical The attitude of the socialists is threaten. ing. Outbreak is feared. Government report showing a yield of only 383,000,000 bushels of wheat did not materially affect the market. The firms of Jones and M. Laughlin of Pittsburg, the largest LOO and stool

17. January 14, 1894 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 14, 1894

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DEPOSITORS WILL LOSE NOTHING. De unet Nebraska National Will Pay All Accounts in Full. BEATRICE, Jan. 18,-[Special Telegram to THE BEE.J-Receiver Forg of the Nebraska National bank, which closed its doors last July, announces that depositors will be paid 100 cents on the dollar when the affairs of the concern are finally settled. Certificate holders have held a number of recent meetings to devise means whereby a final settlement may be hastened, but thus far the meetings have developed nothing of itnportance. A team belonging to Charles Elliott, who lives north of the city, ran away today, throwing Mr. Elliott against a heavy wagon and injuring him seriously. Mrs. Bird, mother of Mrs. Elijah Filley, died at her daughter's home in Filley today. The deceased was 80 years of age and had lived in Gage county from its earliest settlement. Last night a verdant youth quartered at the Paddock and blew out the gas. Other guests of the house detected the odor of escaping gas and called up the night clerk, who aroused the youth and turned off the jet.

18. May 18, 1894 The Red Cloud Chief Red Cloud, NE

Article from The Red Cloud Chief, May 18, 1894

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Suspended Bank Paying Depositors. BEATRICE, Neb., May 16.-The comptroller of the currency directed Receiver Fogg, of the Nebraska National bank, to issue checks for another 15 per cent dividend to all creditors of the bank.