12949. Farmers State Bank (Crofton, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 15, 1931
Location
Crofton, Nebraska (42.729, -97.496)

Metadata

Model
gpt-5-mini
Short Digest
b76ef1f4

Response Measures

None

Description

Articles show Farmers State Bank, Crofton is listed among banks with receivers and later described as a 'failed' bank receiving dividend payments from the state banking department. There is no mention of a depositor run. Thus the bank suspended/failed and entered receivership (closure).

Events (4)

1. July 15, 1931 Other
Newspaper Excerpt
Fred S. Berry, Wayne, $14,605: ... Farmers State bank. Crofton; ... H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers.
Source
newspapers
2. July 15, 1931 Receivership
Newspaper Excerpt
The controversy ... lists attorneys who have been employed by the receivers ... Fred S. Berry, Wayne, $14,605: ... Farmers State bank. Crofton; ... (article lists Farmers State Bank, Crofton among banks with receivers).
Source
newspapers
3. February 25, 1932 Other
Newspaper Excerpt
County treasurer Alexander, Saturday received five percent dividend, State Bank of Crofton, amounting to the third paid by the failed Farmers $654. The dividend paid on the original large county deposit was the third ...
Source
newspapers
4. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership by state banking authorities (listed among banks with receivers and described as failed); specific triggering insolvency details not given.
Newspaper Excerpt
References describe the institution as 'failed' and under receivership and mention dividend payments by the state banking department.
Source
newspapers

Newspaper Articles (2)

Article from Osmond Republican, July 15, 1931

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Article Text

BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.


Article from The Wausa Gazette, February 25, 1932

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Article Text

Nebraska State of the North Irrigators Scottsbluff and recently met in resist Colorado's reportlaid plans to waters of the ed to divert attempt in Colorado to the North Platte river The proposed proceed Poudre river. of water is to carry the question ure the United States supreme rights into the claims of Nebraska, court that be adColorado and Wyoming may justed. A Nebraska petroleum distributor has started suit to test the authority of the governor in limiting the use of colored gasoline in Nebraska. Mrs. Evelyn A. Ryan of Grand Is land has filed petitions which renominate her as a candidate for democrat ic committeewoman Dr. A. P Fitzsimmons of Tecumiseh has filed for democratic nomination for state treasurer. The board of managers of the state fair in session last week agreed upon a six-day fair. President Perry Reid went to Chicago to investigate mat ters concerning attractions. The board will meet again early in March. Nebraska's active road building pro gram started in 1917. Since that time 12,685 miles of thoroughfare have been constructed and improved. During the 15 years, 6,465 miles of grading have been done, 5,587 mil graveling, 529 miles of pavement and 108 miles of oiled sand and gravel. Representatives of 19 state organizations convened in Lincoln last week to devise and adopt workable plan for general property tax reduction. The plan when complete will probably be presented the 1933 The matter of securing employment for inmates of the penitentiary has been receiving the attention of the state board of control recently. A Lin coin man has erected a small factory near the penitentiary for the manufacture of cement fence posts for the state highway department. Two trusties from the penitentiary have been employed there. A state official has recommended that factory for making certain farm implements would be practical way to engage the prisoners. Some other states are now doing this. of The district court recently denied 525 banks an injunction against Governor Bryan and the state department of trade and commerce to prevent collection of assessments under the old bank guaranty law and depositors final settlement law. A judgement for nearly $3,000,000 was entered against the 525 banks by the district judge after the decision. Attorneys for the plaintiff banks announced that the suit will be appealed to the supreme court. Suit was brought by the Hubbell bank and for other banks similarly situated and the outcome of the case is far-reaching Copies of the new tax schedules have gone from thestate tax commissioner's office to county assessors Wagons and buggies" were formerly listed on the schedules but this year this has been reduced to "wagons Milking machines and dairy equipi ment have been added under the head of farm machinery. Electric refrigerators and electric washers and ironers are listed on the schedules while musi cal instruments are grouped instead of forming separate items as before. The state board of control has ordered that work be started immediate ly to remove the stone turrets from the walls of the penitentiary. A recent report from the federal department of agriculture revealed that the federal government will spend $1,200 in Nebraska during 1932 for study of hay curing storage and marketing methods for the purpose of improving quality of alfalfa hay. $11,200 will be spent for preparation of crop and livestock estimates and statistics $6,000 for inspection of fruits and veg for inspection of hay; $3,500 for meat grading; $19,000 for market news service on live stock, meats and wool; $2,000 for market news service on dairy and poultry pro ducts; $38,200 for grading grain; $9,500 for inspection and licensing of the warehouses for farm products and supervision of them. The total expenditure of the department of agriculture for operation of these various services amounts to $92,300. The state board of educational land and funds has exchanged $50,000 in 6 percent bonds which were in default for an equal amount of refunding bonds which will average about 2 per cent interest over a period of 40 year to the state. The federal reconstruction finance corporation places a $400 limit on individual loans to farmers for the 1932 crop production. $50,000,000 is set side to care for these loans and is vallable to every state except Connec ticut and Farmers who secure loans will be required to give first mortgage on their crop and pay five and one-half percent interest. Committees will be set up in each of the counties to pass upon applications and loans will be made from eight ru gional offices. Depositors in five failed state banks recently received dividend payment amounting to $266,000 from the state banking department. The Great Plains highway association interested in a proposed highway from North Platte to Valentine has re celved assurance from the governor that the road will be surveyed in the spring. The attorney general, answering concerning the right of Beemer man county than compensation allowed services out that there is noth by law, points ing in the law to prevent any one from making donation to the county but that in the case of man who be candidate for county office may a such procedure might be construed as violation of the corrupt practices act. Nebraskans in Washington, are introducing bills in the house and senate authorizing the comptroller of the treasury to issue five sheets of currency valued at to F1 St National Bank of Walthill to replace five sheets of burned currency. The money destroyed was in the form of unsigned bank notes and reached the Walthill bank in 1919. It was misplac ed before being signed by the president and cashier of the bank and was thrown into the waste basket with waste paper and burned. Treasury records show that the money was sent to the bank and the bank is charged with being short that amount. The railway commission has issued an order reducing the minimum of carload shipments of livestock. The reductions bring the minimum from 16,000 to as low as 6,000 pounds in some cases. It is believed that the change will materially benefit farmers by permitting them to secure carload rates on smaller shipments. The railroads have not protested as they have been losing live stock business to truckers and the new ruling will enable them to better compete with trucks. Congress is about to make an appropriation for grasshopper eradication in several states and Nebraska share of federal fund is listed as $151, 000. Federal funds are supposed to be matched by an equal amount of state money. Nebraska, however. has only $18,000 in its fund this purpose. Where the additional money IS to be secured from 18 puzzling state of ficials. Report of state tax commissioner for 1931 shows the cost of assessing property in the state was not including salaries and office expense county assessors. The total includes amount paid precinct assessors and the cost of books, schedules and blanks. The total cost throughout the state in 1929 was $396,000. The report of the federal and employment stabilization board recently made public recommended expendi ture of $14,500,000 federal funds for road construction in Nebraska in the next six years. The proposal wouse give Nebraska an allotment of $2,500.000 for the fiscal year 1932-33 and this amount would be in addition to the unexpended balance of federal aid funds now available for this state. Recent survey has shown that in 18 months ending December 31. 1931, 53.650 persons were killed in automobile accidents in the United States and over 1,500,000 injured. During the 18 months of the world war, 50,510 American soldiers were killed ano 182,000 wounded. The state railway commission met with representatives of the railroads and shippers last week in a conference to determine future proceedure in the filing and consideration of reparation which cover collection by car riers of unjust and unreasonable rates George E. Hall, former state treasu rer, now employed by the state as bank receiver stated that he intends to file as a democratic candidate for state treasurer. Mrs. Evelyn A. Ryan of Grand Is land has filed petitions which renomt nate her as candidate for democratDr. A. Fitzsimmons has filed for democratic nomination for state trea surer. be replaced only at a cost far ex ceeding that of an adequate fireproof structure, were constant jeopardy of destruction by fire in the present frame building. Mr. Meserve, in his talk before the board, brought out the fact that court house dissension in the past had cost Knox taxpayers thousands of dollars and amicable unity. Rumors of county vision and relocation of the county seat, mentioned at the meeting, bro't from County Attorney Burbridge statement the effect that Bloomfield was The board deferred action on the matter until March 17. To allow the disposition of the fund to be decided by vote of the people in the general election this it is necessary for the Board to first rescind the previous motion to divert fund J. W. Rothenburger, Creighton, president of the Knox County Ta pa League, and other members of that organization were also present at the meeting, and opposed rescinding of the Board's original motion to divert the fund More federal feed loans will be made to Knox county farmers this mont's than were last Oct. and Nov. County Clerk Lenger, chairman of the Knox feed loan county organiza tion, said Saturday. While the feed limit being for three months instead of five, the amounts of the loans generally are smaller, however. Up till Saturday, 90 applications, asking for $15,065.00, had been passed on by the county committee and about 60 more were slated for consideration that day In the first group of 90, the largest application was for $264.00. the small est for $18.00. Knox County will get slightly less gas tax money from the state In 1932 than in 1931 due to the fact that its 1931 auto registration failed to keep pace with the other counties of the state whole. Its percentage for this year, based on the number of motor vehicles registered during 1931 in proportion to the rest of the state, will be 1.258 per cent. Last year It was 1.281 per cent. Most northeast Ne braska counties sustained loss in percentage for 1932. Included in the losers are Antelope, Cedar, Holt, and Pierce. Boyd and Madison registered slight gains. Knox, however, stin of the highest sharing counties in the entire northeast area, being surpased only by Dodge, Madison and Platte, and followed by Cedar, Boone, Antelope, Cuming, Holt, Pierce, Wayne, Boyd, Colfax, Dakota, Stanton, Thurston, Cherry, Cuming, Dawes. Dixon. Keya Paha, and Wheeler counties. Its share for last month, January, was $1,710.22. considerably less than usual indicating loss due more than to a slight decrease in allotment percentage. Lester S. Christiansen. Yankton, and Irene M. Giles. Crofton, were is sued a wedding license from the coun ty judges office, February 8th. Miss Irene Baller, Winnetoon, is the new teacher in District 140, north west of Center. succeeding Miss Anne Harm. that locality, who resigned Deputy County Sheriff Emmons took George Lawrence, Santee Indian to Wayne Saturday, for district court trial on a "breaking and entering" charge. Judge Chase of Stanton was holding court there. 1932 levies for Cleveland, Valley, and Lincoln townships were filed be fore last week's Board meeting, and Jefferson is now the only one not reported. Figures for the next to the last three: Township 1931 1932 Cleveland $8,515 $3000 Valley 2144 500 Lincoln 6500 4100 Cleveland and Verdigre township statements for 1931 were filed in the county clerk's office last week, leaving that of Washington township the only one delinquent. W. A. Bruce, Verdigre, republican, fourth district Supervisor, has filed for re-election as has also A. E1lingson, Wausa, democrat, sixth trict supervisor. Feed shipped into Knox county for distribution by the Red Cross totalled 77 carloads up to last Saturday, County chairman Lenger said, Grading on the Niobrara Crofton road was schedu ed to Mo day, with cuts and fills to be made first. State surveyor Cole last week was arranging for right-of-way for the west end of the new Center Bloomfield road By virtue of a new state law, notice of the coming primary election will be published in county papers this year instead of posted on some for lorn telephone post. Under the O.U system, the township clerk posted notices for which he received seventy five cents The County board, last week, in compliance with the new law, designated the seven weekly pap ers in the county for publication of the notice, which runs one week. County treasurer Alexander, Saturday received five percent dividend, State Bank of Crofton, amounting to the third paid by the failed Farmers $654 The dividend paid on the origi. nal large county deposit was the third the previous ones being for twenty and five percent. "Tax Fax 'n' Installment No. 12 JEFFERSON TOWNSHIP 22,827. 11 acres, 98 names on tax roll. Person al property real es $508,820 Total 1931 real and personal taxes, 048.78, of which $3. 856.09 goes to state and county, 235.08 to school districts. to free high school fund, $1,807.81 to the township, is poll tax, and 80c bee tax. Intangible A tax. Intangible B valuation, $2,645,tax $21.16 WALNUT GROVE 833.51 acres, 160 names on tax roll. Personal property valuation. real estate, $800,640. Total 1931 real & personal taxes, $16,991.41 of which goes to state and county $6.242.33 to schol districts, $1,523.34 to free high school fund, $2,855.27 to the $280.00 is poll and is bee taz. Intangible A valuation, $5,275. tax $13.20 Intangible B valuation tax $47.20. LOGAN TOWNSHIP YES, 106 names on tax roll. Personal property valuation, $80,740: real estate $448,435. Total 1931 real and personal taxes $10,029.97 of which $3, 386 72 goes to state and county. $4,012.35 to school districts, $851.52 to free high school fund, $1,588.88 to the township, $190.00 is poll tax and 50c is bee tax, Intangible A valuation 775 tax $9.44. Intangible valuation, $3,000 tax $24.00. Next week Miller and Creighton townships and Winnetoon village. Next meeting of the County Board St. Patrick's day, Thursday, Mar. 17. COLONIAL BALLS TO FEATURE BI-CENTENNIAL CELEBRATION Many celebrations in honor of the Two Hundredth Birthday of George Washigton are taking form of pageants, plays, and costume balls. Seemingly unable to wait for the ac tual birth-date, organizations from one end of the country to the other began celebrating early in January, with hundreds of events scheduled for the time before and after February 22. According to the United States G. Washington Bicentennial Commission many cities have already begun festivities with colonial balls, and others are making their plans. Important in these is the Beaux Art Ball in New York on January 22. which society leaders of all important cities attended. The Bicentennial ball at the Mayflower Hotel in Washington, D. C., as sponsored by the United States Geo. Washington Bicentennial Commission to be held on the night of February 22, will also be attended by prominent society leaders from every state in the Union. The all states society will hold ball that night in Shoreham Hotel, and the New England states society in the Willard Hotel, with dozens of other costume balls in other places in the National Capitol One of the most attractive events scheduled for February 22 is the balt to be given in historie Gadsby's Ta vern in Alexandria, Virginia, reproducing the last Birthnight ball which General Washington attended in this very tavern The guests attending the ball 1789 will be represented on this occassion by their descendents, many in the actual costumes worn at that time. Larchmont, New York has elaborate plans under way for grand Co lonial Ball to be held at the Larch mont Shore Club, February 22, in which all the young set will partici pate to make one of the most sue cessful social events of the year Committees drafted from the civie and patriotic organizations of Ossin ing, New York are arranging for ball to be given on February 22. when the authentic costumes of the period in the possession of scores of resi dents of the town will be brought out for the occassion. In Brooklyn, New York, the Battle Pass Chapter of the D. R. gave a fashion show of the Colonial perioa on January 15, when the participants represented such lights of the Revolutionary era as Martha Washington, Mrs. Alexander Hamilton, Mrs. John Adams and others. A costume ball of the spirit of '76 will open festivities in Albany, New (Continued on page seven)