12815. First National Bank (Blair, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2724
Charter Number
2724
Start Date
August 25, 1886
Location
Blair, Nebraska (41.544, -96.125)

Metadata

Model
gpt-5-mini
Short Digest
41f6ef48

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1886-09-08
Date receivership terminated
1887-04-30
OCC cause of failure
Losses
Share of assets assessed as good
94.1%
Share of assets assessed as doubtful
3.2%
Share of assets assessed as worthless
2.7%

Description

No run is reported. The bank suspended by directors on Aug 25, 1886 after a government investigation found fictitious time certificates and undisclosed rediscounts. Comptroller appointed a receiver in early September 1886 (articles give Sept. 8-9). OCR shows variations in the receiver's surname (Steel/Street/Steet); I record events based on these reports.

Events (4)

1. June 7, 1882 Chartered
Source
historical_nic
2. August 25, 1886 Suspension
Cause
Government Action
Cause Details
Directors suspended bank following a government investigation that revealed large amounts of fictitious time certificates and undisclosed rediscounts.
Newspaper Excerpt
The First National bank of Blair has closed its doors. The bank was suspended by action of the directors, hastened by the Investigation by the government, which investigation showed that time certificates had been issued to a large amount which were fictitious, and that the rediscounts were not shown by the books of the bank.
Source
newspapers
3. September 8, 1886 Receivership
Source
historical_nic
4. September 8, 1886 Receivership
Newspaper Excerpt
The Comptroller of the Currency has appointed Anthony W. Steel (Street), of Council Bluffs, Iowa, receiver of the First National bank of Blair, Neb.
Source
newspapers

Newspaper Articles (9)

Article from Omaha Daily Bee, August 26, 1886

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Article Text

A Blair Bank Suspends. BLAIR, Neb., August 25.-[Special to the BEE.]-The First National bank of Blair has closed its doors. The bank was suspended by action of the directors, hastened by the Investigation by the government, which investigation showed that time certificates had been issued to a large amount which were fictitious, and that the rediscounts were not shown by the books of the bank. The concern is, however, solvent, and will in time pay all demands. The bank has a paid up capital of $50,000.


Article from Press and Daily Dakotaian, September 9, 1886

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Article Text

Daily Press and Dakotainn THE NEWS EPITOMIZED. The United States brewers association is in session at Niagara Falls. Refugee negroes are being warned and boycotted out of Texas towns. In twenty-one weeks General Miles has wiped out the Apache war and the Apaches along with it. Senator Edmunds is assured of re-election by an overwhelming majority of the Vermont legislature. The somptroller of the currency has appointed Anthony W. Steel, of Council Bluffs. Iowa, receiver of the First National bank of Blair, Neb, The residence of Mrs. P, Patterson, of Aberdeen, was totally destroyed by fire yesterday. There is no insurance. The fire was of incendiary origin. Sonora advices are that Colonel Torres with 200 men has been defeated with heavy loss by 4,000 Yaquis. The Yaquis war is assuming grave dimensions. M. A. Buttricks has been re-elected president of the railway mutual benefit association. The association selected Detroit for the next annual convention. J. L Lathrop was nominated by the prohibitionists of Massachusetts as candidate for governor. Texas prohibitionists nominated T. L. Dohony for governor. Gernoimo and his band have been started for Fort Marion, Florida, by a special train, and will there be confined. They are to be tried for murder and the chances are against them. John Enright, twenty-four years old, employed as a laborer at the south Ohicagoside gas works, and his wife, Bridget twenty-two years of age, were suffocated by coal gas Monday night. Pleuro-pneumonia prevails to an alarming extent among COWS in Middle Village and Maspeth, Long Island, whence a large portion of the supply of milk used in Brooklyn is obtained. A crank who called at the white house yesterday introduced himself as the emperor of all America and ordered the door keeper to go over to the treasury and bring him thirty million dollars. Colonel Peck, commissary general on Governor Pierce's staff, has been promoted to the rank of brigadier general, to which his position entitles him. He was originally commissioned colonel by mistake. Postoffice Inspector Darbellay, of the Chicago division, yesterday arrested L. J. Sullivan and Charles Wyman on a charge of the robbery of the postoffices at Minneapolis, Northwood and Gordonville, Minn. Sioux City is again filled with railroad bridge rumors and is excited over a report that Russell Sage has been there in disguise, Mr. Skinner predicts that work will be begun on a Sioux City railroad bridge within a year. Five thousand people attended the territorial fair at Huron yesterday. Congressman Hill visited the grounds and looked at the squashes. J. I. Case's Brick and several other noted horses are at the fair. Brick took first money in the 2:35 class. Wisconsin republicans at yesterday's convention renominated Governor Rusk. George W. Ryland was nominated for lieutenant governor, Henry Harshan for treasurer, Charles Esterbrook for attorney general and E. G. Timme for secretary of state. Sheriff Strange, of Dickey county, Dakota, shot and killed Sandy Hilleck yesterday. The sheriff attempted to séize property under a chattel mortgage. Hilleck resisted and fired upon the officers, wounding one of the deputies. The sheriff returned the fire, killing his man.


Article from Telegram-Herald, September 9, 1886

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Article Text

SPARKS FROM OUR SPECIAL WIRE. A dispatch from Saranac at midnight says, the Presidential party wenl to bed tired and are sleeping like babes. The Comptroller of the Currency has appointed Anthony W. Street, of Councli Bluffs, Iowa, receiver of the First National Bank of Blair, Neb. Up to the close of business yesterday but $758,000 in three-per-cent bonds had been received at the Treasury Department in response to the voluntary call recently issued by Secretary Fairchild. Col. Stocking and Silas Bage are the gentlemen who aver that their boat was nearly upset in the Connecticut river vesterday by a sea serpent 100 feet long. The remarkable event occurred opposite Crom well. Yesterday all the yard-brakemen and conductors in the Pittsburg & Western railroad at Youngstown struck for an advance of 20 per cent. Supt. Johnson notified the yard master to advance the conductors but refused the brakemen. A great fire occurred at Thorne, in West Prussia, last night, destroying A large number of business houses and dwellings and rendering 200 families homeless. One woman was burned to death and many persons were injured by falling walls. Election returns from Vermont show sweeping Republican victories in all counties except Franklin, where there was & split and Democrats were elected. The Legislature will havean increased Republi. can majority, The movement against Ed. munds seems to have solidified the party in his favor. Yesterday noon on the farm of Jno. Their, A German, ten miles east of Fayette, Mo., his step-danghter, Kila Thompson. aged 16, was choked into insensibility and outraged by Allen Cooper, A Vegro farm hand. Cooper *M taken by neighbors and after having been identified by the girl was lynched. The girl is in a dritical condition.


Article from The Indianapolis Journal, September 9, 1886

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Article Text

General Notes. WASHINGTON, Sept. 8.-The Comptroller of the Currency has appointed Anthony W. Steet, of Council Bluffs, Ia, receiver of the First National Bank, of Blair, Neb. Daniel W. Atwood, of Ohio, a principal examiner in the Pension Office, has resigned. A man named Jacob Coaster was arrested at the White House to-day and sent to the insane asylum. He claimed to be the emperor of all America, and demanded admittance to the White House as its lawful occupant. He ordered the door-keeper to go to the Treasury and bring him $30,000,000. He is an Englishman and only recently came to this city. He had in his possession seventy-one Bank of England notes.


Article from St. Paul Daily Globe, September 9, 1886

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Article Text

The Blair Bank Receiver. W ASHINGTON, Sept. 8.-The comptroller of the currency has appointed Anthony W. Street. of Council Bluffs, Ia., receiver of the First National bank of Blair, Neb.


Article from Union County Courier, September 15, 1886

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Article Text

POLITICAL CHAT. THE Comptroller of the Currency has ap pointed Authony W. Steel, of Council Bluffs, Iowa, receiver of the First National Bank of Blair, Neb. THE Wisconsin Republican State Convention met at Madison, and Jeremiah M. Rusk was renominated for Governor by acclamation; George W. Ryland was pominated for Lieutenant-Governor; Ernest G. Timme was renominated for Secretary of State by acclamation. The platform adopted declares in favor of high license and local option upon the liquor question.


Article from Wood County Reporter, September 16, 1886

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Article Text

THE LATEST TELEGRAMS WASHINGTON. JOHN B. KINNEAR, of Illinois, has been appointed a clerk of class one in the second auditor's office, treasury department. THE amount appropriated for the support of the mints and assay offices for the fiscal year 1886, was $1,169,350. The amount expended was $952,000 leaving unexpended of the appropriations over $218,0000. THE Comptroller of the Currency has appointed Anthony W. Street, of Council Bluffs, Iowa, Receiver of the First National Bank of Blair, Neb. MR. HOLMES, of the supervising architect's office of the treasury, has started on a tour of inspection of the public buildings west. He will go first to Chicago, thence to Springfield and Peoria, Ill., and from there to Dubuque, Iowa. THE corporation existence of the Ridgely National bank of the Springfield, III., has beeen extended to Sept. 11. 1906. GENERAL satisfaction was expressed by the War Department upon the receipt of the news of Geronimo's surrender. Great praise is bestowed upon Gen. Miles for the excellent conduct of th campaign, but it is said that the results of Gen. Crook's campaign were of great value to Gen. Miles. THE treasury department has received a protest against permitting the importation of live stock from Canada at this time, owing to the alleged prevalence of infectious diseases among Canadian cattle. The subject will be investigated and the department may take some action. SPECIAL AGENT CLEARY, of the general land office, has been ordered from Mitchell, Dakota, to Garden City, Kan. This land district is said by Mr. Sparks' assistants to be the worst for frauds in the United States, and Cleary, who has panned out pretty well for a new appointee-he succeeds Special Agent James, of Kan.,is to be sent to root out the rotten entries. Cleary had just got his family settled at Mitchell.


Article from Mineral Point Tribune, September 16, 1886

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Article Text

THE LATEST TELEGRAMS WASHINGTON. JOHN B. KINNEAR, of Illinois, has been appointed a clerk of class one in the second auditor's office, treasury department. THE amount appropriated for the support of the mints and assay offices for the fiscal year 1886, was $1,169,350. The amount expended was $952,000 leaving unexpended of the appropriations over $218,0000. THE Comptroller of the Currency has appointed Anthony W. Street, of Council Bluffs, Iowa, Receiver of the First National Bank of Blair, Neb. MR. HOLMES, of the supervising architect's office of the treasury, has started on a tour of inspection of the public buildings west. He will go first to Chicago, thence to Springfield and Peoria, III., and from there to Dubuque, Iowa. THE corporation existence of the Ridgely National bank of the Springfield, III., has beeen extended to Sept. 11. 1906. GENERAL satisfaction was expressed by the War Department upon the receipt of the news of Geronimo's surrender. Great praise is bestowed upon Gen. Miles for the excellent conduct of th campaign, but it is said that the results of Gen. Crook's campaign were of great value to Gen. Miles. THE treasury department has received a protest against permitting the importation of live stock from Canada at this time, owing to the alleged prevalence of infectious diseases among Canadian cattle. The subject will be investigated and the department may take some action. SPECIAL AGENT CLEARY, of the general land office, has been ordered from Mitchell, Dakota, to Garden City, Kan. This land district is said by Mr. Sparks' assistants to be the worst for frauds in the United States, and Cleary, who has panned out pretty well for a new appointee-he succeeds Special Agent James, of Kan.,is to be sent to root out the rotten entries. Cleary had just got his family settled at Mitchell.


Article from San Antonio Daily Light, January 15, 1887

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LATEST TELEGRAPH NEWS From all Parts of the Globe, Condensed and Boiled Down. Mme. Gerster is living in Paris for the present in strict retirement. Cluverins was hung according to sentence at Richmond. Va., yesterday. United States senate reduces militia appropriation from $600,000 to $400,000. Earl of Iddesleigh's death causes profound regret throughout all England of The opposition to the confirmation Benedict. public printer. continues. Nothing new in New Jersey or Indians legislatures. The liberal union conferences are deferred until parliament meets. The new ministers kissed the queen's hands yesterday Gladstone has been prostrated since hearing of Iddesleigh's death. Phillip Boswell (colored) of Galveston, is in jali for raping his ten-year-old stepdaughter. He should be in hades. Longshoremen riot at New Orleans. Three persons seriously hurt. Police are after the ring-leaders. The strike at Newport News is settled, virtually, with the work in the hands of new laborers Cleveland and wife held their first reception last night in honor of the diplomatic corps. Maxey's appearance at Austin has brought his name to the front in pool selling. There is nothing new In the European situation beyond the dissolution of the German reichstag The nomination of Mathews, minister to Mexico, is before the senate, they have taken no notice of it The army and navy general hospital at Hot Springs, Ark., will be formally opened next Monday The New York World, having advoeated Conkiing's election to the senate, is dubbed mugwump. Senate committee reports adversely on the nomination of Matthews as register of deeds of District Columbia. Tennessee democracy nominate Whittborn for the unexpired senatorial term. The sub-committee on post-offices have finished their work, and the bill will be reported next week. The San Francisco dynamiters are still at work play ing smash with the cable road. The Queen mourns for Lord Iddes leigh, (Sir Stafford Northcote.) as for a personal friend. Manchester workingmen's mobe commence a riot, but are dispersed by the police; two arrested. Lady I. desleigh watched by her dead lord's body all night after 018 sudden summons. The supreme court re-appoints Reaves, of Tyler, clerk of the 1 yier branch of the court for the next four years. Senator Eustes proposes to expend $10,000 in investigating the method of inoculating for yellow fever, practiced in Brazil and Mexico. Bright considers America's fisbery claims very reasonable, and says were England alone concerned the United States' grievances would have been re dressed long ago. Germany and Russia are all harmoni ous but Austria and Russia have bones to pick outside of the Bulgarian question. Interstate commerce occupied the at tention of the senate. The motion to recommit was lost-25 to 36. The motion for a conference carried- 43 to 15. The house passed several private senate bills and ascore of pension bille; also the conference report on the electoral count bill. Among the bills before the legislature is one extending the time of sessions to 120 days and making salaries of members $6.00 per day After being out over 110 hours, the jury in the case of Hamilton, the Kansas City train wrecker. could not agree, and were discbarged. Jury stood seven to convict and five to acquit. U. S. suit to recover $174,000, claimed to have been overpaid on Star route from Ft. Worth to Yuma, Arizona, the jury returned a verdiet against U. S without leaving the box. Reports from the principal cotton tions in Texas, received by Galveston firms, show not to exceed 70,000 bales in sight. This would indicate a crop not more. under any contingencies, than 1,250,000 bales. El Paso's city physician certifies that there is not a case of small-pox in the city; and it is asserted that the report was started by bunco thieves run out of the city The Tilden executors find about $400.000 available for library purposes and ask the New York state legislature for suitable legislation for incorporating Petitions for relief. from the drouth sufferers, are pouring into the Texas state legislature and a committee of reference has beer appointed. Rev. John Patterson, Presbyterian minister at Cambridge. Wis., suicided under mental abberation caused by 8 severe sun stroke received last summer. The comptroller of the currency has declared a first dividend of 50 per cent in favor of the creditors of the First National bank of Blair. Neb., on claims proved, amounting to $57,278 36. Bills passed the Texas house yesterday appropriating $80,000 for pay of members and $30,000 for con tingent expenses. Sensiors Maxey and Reagan and Judge Terrell were extended the courtesies of the house. Striking miners at Moosic, near Soranton, Pa., raise a riot, attack the scab workmen, resist the police, compelled the justice to release their leader, who had been arrested, and only dispersed when a volley of rifle balls was sent through their ranks. More trouble is feared. The army bill was defeated in the German reiebstag. The amendment limiting the duration of the bill to three years was carried 186 10 54. The reichstag was dissolved and the election for a new assembly will be held next month. Bills before the senate continue to multiply. The bulletin board in front of the capitol, on hich the state of the