12892. Chadron Banking Company (Chadron, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 12, 1896
Location
Chadron, Nebraska (42.829, -103.000)

Metadata

Model
gpt-5-mini
Short Digest
daccd6d6

Response Measures

None

Description

The bank closed its doors (suspended) on April 12, 1896 and was placed in receivership (receiver appointed April 30, 1896). Newspaper reports cite large unsecured loans and examiner losses; no article describes a depositor run prior to suspension. President A. C. Putnam was later arrested for receiving money when the institution was insolvent.

Events (3)
1. April 12, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed because of insolvency revealed by examiner; large unsecured notes owed by individuals and expected large losses on assets.
Newspaper Excerpt
The Chadron Banking Company, the oldest banking institution in this city, closed its doors yesterday morning.
Source
newspapers
2. April 30, 1896 Receivership
Newspaper Excerpt
Judge W. H. Westover to-day appointed A. A. Record of this city receiver of the Chadron Banking Company. The report of the bank examiner shows that a number of persons owe the bank, which will probably be lost. The deposits amount to $20,000, of which there is $4000 county funds.
Source
newspapers
3. May 17, 1896 Other
Newspaper Excerpt
A. C. Putnam, president of the Chadron Banking Company ... was arrested to-day for receiving money when he knew the institution was insolvent.
Source
newspapers

Newspaper Articles (12)
1. April 13, 1896 New-York Tribune New York, NY
Article from New-York Tribune, April 13, 1896

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Article Text

TELEGRAPHIC NOTES. Akron, Ohio, April 12.-John Smith, the self-confessed murderer of the Stones, was arraigned in the jail here yesterday afternoon by Justice A. W. Hall. Smith entered a plea of "not guilty." The preliminary examination was set for next Tuesday. Chadron, Neb., April 12.-The Chadron Banking Company, the oldest banking institution in this city, closed its doors yesterday morning. A. C. Putnam is president. Officers of the bank decline to give any estimate of the resources and liabilities. Corning, N. Y., April 12.-Walter E. Bidler, aged ten years, living at Cooper's, a few miles west of here. committed suicide last night. He took a double-barrelled shotgun and put the charge through his side. The day before he told his schoolmates that It was his last day of school, as he intended to kill himself. Louisville, Ky. April 12.-The Lexington and Carter Mining Company. owning 10,000 acres of land in Carter County and capitalized at $300,000, was yesterday placed in the hands of the Columbia Finance and Trust Company as receivers, on application of employes, who are suing for wages, said to be overdue. The debts, it is said, will reach $50,000. but the receivers expect to put the concern on its feet in a short time. Cleveland, April 12.-At 2 o'clock this morning fire broke out in the Gehring apartment-house, on Murison-st. Forty families live in the building. and as they rushed pell-mell for the fire escapes and stairways, a wild scene of confusion ensued. Mary Cox, a waitress, aged seventeen. was cut off from the fire-escape. With her nightgown and hair in flames she jumped to the sidewalk, breaking her arm and receiving other severe injuries. Mrs. John Berlotuccia jumped from the second story and was badly bruised. James Kinswater fell through a burning floor and was seriously injured.

2. May 1, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, May 1, 1896

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Article Text

Receiver of a Bank. CHADRON, NEBR., April 30.-Judge W. H. Westover to-day appointed A. A. Record of this city receiver of the Chadron Banking Company. The report of the bank examiner shows that a number of persons owe the bank. which will probably be lost. The deposits amount to $20,000, of which there is $4000 county funds.

3. May 8, 1896 The McCook Tribune McCook, NE
Article from The McCook Tribune, May 8, 1896

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000. The jury disagreed, nine being for conviction and three for acquittal. The case will be at once taken up by the present term of court. JOHN TRAUSCH, a young man of Hastings, living upon a farm near Roseland, started to go out hunting, and as he was leaving the house with his gun over his shoulder it was discharged by some unknown means and the contents struck and killed Edward Trausch, a younger brother, who was standing at the table assisting his mother to wash the breakfast dishes. THAMAS WYMOND, a character who has been known in Nebraska City and vicinity for many years, died in a small room with scarcely a friend to care for him. At one time he was quite influential in the politics of that section and had a fair portion of this world's goods, but lost it all, and for a time was in the county infirmary. He was three times married. GENERAL MANDERSON returned last week from Washington, where he argued the sugar bounty case before the supreme court, and a decision from that tribunal will settle that question. Associated with him as attorneys for the plaintiffs were Judge Symmes of New Orleans, and Joseph H. Choate of New York, while theattorney general's department appeared for the government. J. G. TATE, grand master workman of the A. O. U. W., through his attorney, has filed his answer to the petition of Mrs. Alice Scott, widow of the late Barrett Scott. The answer denies all the allegations set forth in the petition, except that at one time Barrett Scott was a member of the organization. The case will probably come up for trial in the district court of Holt county in September. OWING to a mistake in printing the refunding bonds of Greely county, recently purchased by the state board of educational lands and funds, on account of the permanent school fund, the whole issue will have to be reprinted. The county commissioners tried to correct the mistake by an interlineation, but the board declined to accept the bonds in that shape. The amount of the issue was $36,000. THE secretary of the interior has recommended to the attorney general to dismiss the suit against the purchasers of land from the Burlington road, but to continue it as against the road, and it is thought the attorney general will act on the recommendation of the secretary. If this is done it will eliminate the 1,700 individual defendants from the case, and leave the road to settle its misunderstandings with the government alone. JUDGE W. H. WESTOVER appointed A. A. Record of Chadron receiver of the Chadron Banking company. The report of Bank Examiner Cowdery shows that a number of persons owe the bank from $2,000 to $6,000 each on their unsecured notes. Mr. Cowdery figures a large loss on these, and on the total assets of $50,000 he estimates a loss of $35,000, leaving $15,000 net as sets. The deposits amount to $20,000, of which there is due the county $4,000. E. W. HYMAN, who recently escaped from the county jail and fled to Iowa, desires the county attorney to allow him to enter a plea of guilty and take three years in the penitentiary. That official refuses to do this, as, he says, he has a sure case of robbery against Hyman and can secure a sentence of five years, if not longer. Hymen held up C. V. Fisher, a St. Louis traveling man. a short time ago and relieved him of $15, at the point of a wicked-looking knife. AT a meeting of the board of man agers of the Nebraska Irrigation fair in North Platte it was decided to give the first annual fair at North Platte October 9 to 15, inclusive. Every mem ber of the board was present, includ ing E. McLemon of Cheyenne county Matthew Daugherty and Ed Searle o Keith county and O. G. Smith of Buf falo county and the local members Twenty thousand copies of the premium list were ordered gotten out, and com mittees will be sent through the east to work up interest in the fair. CHARLES K. GRABLE of Crawford, re presenting the Crawford Irrigation company, filed in the clerk's office a petition, covering seventy pages of typewritten matter, asking a perman ent injunction restraining about fifty defendants from using the water of White river. A temporary writ was granted by County Judge Ricker. The plaintiffs claim a prior right to use the water and allege that they have expended some $30,000 in cash in the con

4. May 18, 1896 Kansas City Daily Journal Kansas City, MO
Article from Kansas City Daily Journal, May 18, 1896

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Article Text

Nebraska Banker Arrested. Chadron, Neb., May 17.-A. C. Putnam, president of the Chadron Banking Company, which went into a receiver's hands recently. was arrested to-day for receiving money when he knew the institution was insolvent. Creditors declare that Putnam has wealthy relations at Fredonia, N. C., who are ready to make good all losses.

5. May 18, 1896 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, May 18, 1896

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Article Text

Bank President Arrested. CHADRON, Neb., May 18.-A. C. Putman, president of the Chadron Banking company, which went into a receiver's hands recently has been arrested for receiving money when he knew the insolvency of the institution. Creditors declare that Putman has wealthy relatives at Fredonia, N. Y., who are ready to make good all losses.

6. May 18, 1896 The Providence News Providence, RI
Article from The Providence News, May 18, 1896

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Article Text

His Relatives May Settle. CHADRON, Neb. May 18.-A. C. Putnam, president of the Chadron Banking Company, which went into receivership and recently. has been rrested charged with receiving money when be knew the institution was insolvent. Creditors declare that Putnam has wealthy relations at Fredonia, N. Y., who are ready to make good all losses.

7. May 18, 1896 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, May 18, 1896

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formation as to the object or result of the conference. OMAH, May 17.-A special to the Bee from Chadron, Neb., says: A. C. Putnam, president of the Chadron Banking company, which went into a receiver's hands recently, was arrested today for receiving money when he knew the institution was insolvent. Creditors declare that Putnam has wealthy relatives at Fredonia, N. Y., who are ready to make good all losses.

8. May 19, 1896 New-York Tribune New York, NY
Article from New-York Tribune, May 19, 1896

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Article Text

TELEGRAPHIC NOTES. Chadron, Neb., May 18.-A. C. Putnam, presiden: of the Chadron Banking Company, which went into a receiver's hands recently, was arrested yesterday charged with receiving when he knew the that institution Putnam was has insolvent. wealthy money relatives The creditors at Fredonia, declare N. Y., who are ready to make good all losses. Tacoma, Wash., May 18.-In Beaver Prairie, Clab lam County, in the dense fir forest. seventy miles from a telegraph office, last Tuesday, "Charlie" Paul, of Wisconsin, killed David McConchie and his wife and then took his own life. The tragedy was happened at the home of the McConchies. Paul a discarded lover of Mrs. McConchie. Catskill, N. Y., May 18.-At a christening is the Italian colony here yesterday Guiseppe Caserta was shot and killed by his cousin, Pasquale Caserta, n n is alleged. The shooting was done at about o'clock in the house of the murdered man.

9. May 19, 1896 The Evening Herald Shenandoah, PA
Article from The Evening Herald, May 19, 1896

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Another Crooked Banker Arrested. CHADRON, Neb., May 19.-A. C. Putnam president of the Chadron Banking com pany, which went into a receiver's hands recently, has been arrested for receiving money when he knew the institution was insolvent. The creditors declare that Mr Putnam has wealthy relations at Fredonia N. Y., who are ready to make good all the losses.

10. May 28, 1896 The Pioneer Press Miller, SD
Article from The Pioneer Press, May 28, 1896

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Miscellaneous. Rockford (Ill.) society women, in the interest of charity, ran all the electric cars of the city for a day. Gov. Morton has signed the bill of Assemblyman Austin authorizing an increase in the New York police force of 600 patrolmen. Mrs Catherine Alice Tingley of New York is now the recognized successor of the late W. Q. Judge as the head of the Theosophical society. Dresser & Goodrich, commission merchants of New York, through their lawyers, have attached the Goodrich Rubber company, Newport, R. I., for $168,000. A. C. Putnam, president of the Chadron Banking company of Chadron, Neb., which went into a receiver's hands recently, was arrested for receiving money when he knew the institution was insolvent. J. C. McNew of Kokomo, Ind., bought a suit to be buried in. Before reaching home the same evening he was injured by a horse and he died from the wounds. He was 87 years old and a prominent citizen. Morris Pront, the 19-year-old son of Herman Pront of 205 Delancey street, New York, has been unconscious, apparently sleeping, for the past twenty-one days, and so far shows no signs of awakening. Among the passengers on the steamship China, bound for San Francisco, is a special commission from the Mikado of Japan to study the working of electrical power and the telephone systems in the United States.

11. May 28, 1896 The Princeton Union Princeton, MN
Article from The Princeton Union, May 28, 1896

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# Miscellaneous. Rockford (Ill.) society women, in the interest of charity, ran all the electric cars of the city for a day. Gov. Morton has signed the bill of Assemblyman Austin authorizing an increase in the New York police force of 600 patrolmen. Peter McNabb, a fern gatherer of Columbus, Ohio, found in his wanderings through a forest what seems to be the petrified remains of a man. Mrs Catherine Alice Tingley of New York is now the recognized successor of the late W. Q. Judge as the head of the Theosophical society. Sixteen hundred dollars was raised in St. Louis in one day among the business men of the city for the relief of those who had suffered from the cyclone in Texas last week. Mrs. B. F. Young of Cincinnati has passed the examination required by the United States government for a first mate's license. She is the only woman with this distinction. Dresser & Goodrich, commission merchants of New York, through their lawyers, have attached the Goodrich Rubber company, Newport, R. I., for $168,000. The twenty-fifth annual meeting of the American Fisheries society, which is composed of members of the fisheries commissions of the various states, began in New York. A. C. Putnam, president of the Chadron Banking company of Chadron, Neb., which went into a receiver's hands recently, was arrested for receiving money when he knew the institution was insolvent. J. C. McNew of Kokomo, Ind., bought a suit to be buried in. Before reaching home the same evening he was injured by a horse and he died from the wounds. He was 87 years old and a prominent citizen. John Clarke, an employe of the Illinois Eastern Hospital for the Insane at Kankakee, has received word from his solicitors in England that he had fallen heir to an estate valued at over $100,000. While Dr. A. H. Bradford of Mont Clair, N. J., was offering prayer in Bettell chapel, Yale, a beautiful green snake, about three feet long, created a scene in the center aisle. Students had placed it there. Morris Pront, the 19-year-old son of Herman Pront of 205 Delancey street, New York, has been unconscious, apparently sleeping, for the past twenty-one days, and so far shows no signs of awakening. Among the passengers on the steamship China. bound for San Francisco, is a special commission from the Mikado of Japan to study the working of electrical power and the telephone systems in the United States.

12. January 15, 1897 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, January 15, 1897

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Mar. 9.-Sherman county, Goodland, Kan. Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar 27-Midway (Ky.) Deposit. Mar 30-First national, Morris, Minn. Apr. 4--Farmers', Decatur, III. Apr 11-Chadron (Neb.) Banking Co. Apr. 16-First national, and Liberty savings. Bedford City, Pa. Apr. 22-American national, Denver, Col., $865,231. Apr. 24-Grand Forks (N. D.) national May 1-City savings, Hot Springs, Ark.... Bank of Fairland, III. May 7-Citizens', Union City, Ind. May 14-Sumner national, Wellington, Kan May 19-Citizens', Edwardsburg, Mich. May 26-National, Jefferson. Tex. May 28-Bank of New England, Manchester, N H. June 2-Bank of Maroa, Ill. June 3-Farmers' deposit, Creighton, Mo. June 11-John A. Thompson's bank, Edinburg. Ind First national. Larned, Kan. June 16-First national, and Bank of Cheney Cheney, Wash. June 25-Security savings, Winchester, N. Hinsdale (N. H.) savings. H July 13-Peot It's savings. Lansing, Mich. July 16-First national, Hillsboro, O. July 23-German savings, Omaha July 27-Farmers' bank, Rock Valley, Ia. July 29-Denison (O.) deposit. Aug. 6-American national, New Orleans Conkling Bros, Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7-Lake county, East Chicago, Ind. Inghar: county savings, Lansing, Mich. Aug. 11-Security, Duluth, Minn.: $800,000 Murray Hill, New York, $500,000. Aug 12-Bank at National City, Col. Aug 14-State bank. Peru, Ill. Aug 19-Bank of Argentine, Kan. Aug. 21-Bank of Wymore, Neb. Aug 24-Church & Son's state bank at Lowell, Mich Aug. 28-Sioux national, Sioux City, Ia., $900.000 Sept 1-First national, Beatrice. Neb. Sept 2-Manufacturers' bank, West DuJuth, Minn State Loan & Trust Co. bank. Ogalalla, Neb. Sept. 4-First national. Helena, Mont. Sept. 5-Jackson county, Black River Falls, Wis. Sept. 10-Mutual national, New Orleans. Sept. 11-Bankof Commerce, New Orleans. Sept. 14-Bennett national, New Whatcom. Wash Sept. 16-Midland state, Omaha, Neb. Sept 17-Shellsburg (Wis.) bank. Sept. 19-National, Troy, N. Y.; $449,000. Sept. 22-Pawnee (III.) bank. Sept. 23-Mapleton (Minn.) bank. Sept. 25-Argonia (Kan.) state bank. Sent. 26-Tribune (Kan.) bank. Oct. 5-First national, Mount Pleasant, Mich Oct. 7-First national, Ithaca, Mich. Oct. 10-Security Trust Co., Nashua, N. H. Oct. 12-First national, Eddy. N. M. Oct. 14-Marine national, Duluth, Minn Second national, Rockford, Ill Bank of Commerce. Buffalo, N. Y. Bank Oct. 16-Merchant's, Atlanta, Ga of Pukwana, S. D. Oct. 19-Marion (0.) Deposit. Oct. 28-At Big Rapids, Mich., Mecosta savings. Nov. 5-Marine national, Duluth, Minn. Nov. 10-Iowa savings, Sloux City First national, Decorah, la. Nov. 14-La Harpe (III.) bank. Nov 19-First national, Sioux City, Ia Sioux City, Ia. Nov. 22-First national, East Saginaw Mich. Nov. 23-Dakota national, Sloux Falls, S D. Nov. 24-Davis County Savings associa tion Gallatin, Mo. Nov. 28-Citizens' bank, Midlothian, Tex Mis Nov. 30-First national, Tyler, Tex souri national. Kansas City: $1,131,000. Dec. 1-German-American, Portage, Wis Bank of Westport, Mo. Dec. 5-Baxter, of Baxter Springs, Kar Henry county, at Clinton, Mo. Dec. 10-Harlan (Ia.) state Jonatha Easterly, Columbiana (O.) bankers. Dec. 11-National Bank of Commerce Duluth, Minn First national, Niagara N.Y. Dec. 14-First national. Holidaysburg Pa Banks at Martinsburg and William burg, Pa. Dec. -National bank of Illinois, at Ch cago-E. S. Dreyer & Co., Chicago, $1,200,80 Wasmansdorff, Heinemann & Co. Dec. 22-Bank of Minnesota, and Unio stockyards bank, at St. Paul. Dec. 23-Bank of West Superior, Wis American Banking & Trust Co., Aubur Me. Dec. 24-Calumet state bank, Blue Islan III. Dec. 26-Security Mortgage & Trust Co Dallas, Tex.: $2,000,000-Atlas national, Ch cago. Dec. 28-Bank of Superior. Wis Sca dia, at Minneapolis McCoy Banking C Independence, Mo. LARGER COMMERCIAL CONCERN INVOLVING LIABILITIES OF $500,0