12961. State Bank (Davenport, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 24, 1897
Location
Davenport, Nebraska (40.313, -97.812)

Metadata

Model
gpt-5-mini
Short Digest
a32b2072

Response Measures

None

Description

Multiple newspaper notices (Sept 24–26, 1897) report the State Bank of Davenport 'closed' and attribute the action to inability to find borrowers for its large surplus of deposits. No run or depositor panic is mentioned; closure appears voluntary/business-driven and reported as permanent.

Events (1)

1. September 24, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed because it could not secure borrowers for its large surplus of deposits; idle money in vaults; business reason rather than panic.
Newspaper Excerpt
The State Bank of Davenport closed to-day. In the notice to the public the reason assigned was that it could not secure borrowers enough for its large surplus of deposits.
Source
newspapers

Newspaper Articles (10)

Article from The Sun, September 25, 1897

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Article Text

BANK SHUT; TOO MUCH SURPLUS. Not Borrowers Enough to Lend To, and So This Nebraska Bank Quit. DAVENPORT, Neb., Sept. 24.-The State Bank of Davenport closed to-day. In the notice to the public the reason assigned was that it could not secure borrowers enough for its large surplus of deposits. It is said Nebraska banks have over 70 per cent. of their deposits in their vaults because of the great surplus in the State.


Article from The Ocala Evening Star, September 27, 1897

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Article Text

The state bank of Davenport, Neb., has closed. A notice to the public was posted Saturday morning, and the cause assigned is that the bank couldn't find borrowers enough to keep its surplus employed. Let them come to Ocala; no trouble about "takers" here.


Article from The Leader, September 29, 1897

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Article Text

Could Not Loan the Surplus. DAVENPORT, Neb., Sept. 25.-The state bank of Davenport closed yesterday. In the notice to the public the reason assigned was that it could not secure borrowers enough for its large surplus of deposits. Nebraska banks have over 70 per cent. of their deposits in their vaults because of the great surplus in the state.


Article from The Enterprise, September 29, 1897

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Article Text

Wesley Nading, a grain merchant at Flat Rock, Ind., shot and killed his wife and then attempted suicide. No cause was known for the deed. The State Bank of Davenport, Neb., closed its doors because it could not secure borrowers for its deposits. In session at Columbus, O., the Sociëty of the Army of the Cumberland elected Gen. W. S. Rosecrans as president. Noah Johnson, the 22-year-old son of John F. Johnson, a farmer near Marion, Ind., shot and killed his sweetheart, Macie Mang, the 17-year-old daughter of Martin Mang. Jealousy was the cause. The state department has been notified that the Colombian government has suspended the export duty on coffee. Lieut. Peary. the explorer. said in Boston that he should start on his next polar expedition in the latter part of July, 1898, and that he would reach the north pole or lose his life in the attempt. The percentages of the baseball clubs in the National league for the week ended on the 24th were: Baltimore, .704; Boston, .703; New York, .638; Cincinnati, .571; Cleveland, .531; Brooklyn, .465; Washington, .460; Pittsburgh, .448; Chicago, .441; Philadelphia, .419; Louisville, .402; St. Louis, .218. The rye crop this season will be 25, 000,000 bushels-1,000,000 more than last year and 2,000,000 less than in 1895. Kaiser Wilhelm der Grosse, the new steamer of the North German line, made the trip from Bremen to New York in 5 days 22 hours and 45 minutes, making a, new record. At Hawesville, Ky., a mob of 800 men lynched Raymond Bushrod, a negro, accused of assaulting 14-year-old Maggie, Roberts. At Shamokin, Pa., Arthur W. May, aged 24, killed Cora Kaseman, aged 18, and then took his own life. Refusal of the parents of the girl to allow them to marry was the cause. Victor Anderson, a well-to-do farmer at Whiteside, Mich., killed his aged mother and himself. No cause for the deed was known. Mons Minson fatally shot two brothers named Peterson at Vincent, Ia., because they objected to his marrying their sister-in-law, and then killed himself. Severe earthquake shocks were felt in Maine at Belfast, Ellsworth, Bangor and several other towns. Terriblesuffering was reported among gold seekers on the Skaguay and Dyea trails in Alaska because of the setting in of winter. A strange disease is doing great damage to hogs in southern Kansas and they are dying by the hundreds. Reports of rich gold finds continue to come from the Michipicoten region on Lake Superior. The equalized valuation of the state of Michigan is $1,105,100,000. Five acres of buildings in Chicago comprising the works of the Chicago Bridge and Iron company were burned. In a political quarrel at Morrison, O. T., Peter Praxton and John Rambo killed each other.


Article from Abilene Weekly Reflector, September 30, 1897

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Article Text

Could Not Loan the Surplus. DAVENPORT, Neb., Sept. 25.-The state bank of Davenport closed yesterday. In the notice to the public the reason assigned was that it could not secure borrowers enough for its large surplus of deposits. Nebraska banks have over 70 per cent. of their deposits in their vaults because of the great surplus in the state.


Article from The Hocking Sentinel, September 30, 1897

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Article Text

Bank Closed by Idle Money. The State Bank of Davenport, Neb., has closed. in the notice to the public the reason assigned is that the bank could not secure borrowers for its deposits. It is said that Nebraska banks have over 70 per cent. of their deposits in their vaults.


Article from The Globe-Republican, September 30, 1897

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Article Text

Why the Bank Failed. DAVENPORT, Neb., Sept. 25.-The State Bank of Davenport closed today. In the notice to the public the reason assigned was that it could not secure borrowers enough for its large surplus of deposits. Nebraska banks have over 70 per cent of their deposits in their vaults because of the great surplus in the state.


Article from Audubon Republican, September 30, 1897

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Article Text

LATER. of cases yellow Up to fever 41 the cases 24th in at there New Edwards, Mobile, Orleans were Ala., 98 Miss., and and and 15 6 and 20 deaths, deaths, leaths, 123 cases 75 at cases at Biloxi, Miss., and 4 deaths. imprisoned 40 persons A landslide at Girgenti, in a well Italy, with no hope for their rescue. former inspector accused Eduardo Velasquez, of instigating was the latter of police, of Arroyo while the to assault Diaz, for his himself dead in the City of in murder in President custody shot attempt Mexico. the town in of at Afton, I. T., grain prison Every business was destroyed house merchant by fire. Flat Wesley then Rock, attempted Nading Ind., shot a suicide. and killed No his cause wife and was known State for Bank the of deed. Davenport, could not Neb., seclosed The its doors because deposits. it cure borrowers for its business failures in were 209 seven days There States in the the week previous the ended United on and the 24th, 315 in against the corresponding 204 period A landslide of 1896. on the Dyea trail in Alas- of ka killed 18 persons. the 22-year-old son John F. killed his Noah Johnson, Johnson. a farmer near sweetheart, Marion, of Macie Ind., Martin shot Mang. and Mang. the 17-year-old Jealousy was daughter the cause. Paez, military leader killed of himself the reGen. in Nicaragua, Ont., after bellion being taken prisoner. in Toronto, The Musee theater fire end in the panic and was that destroyed ensued one by person injured. was killed killed in Pilesti. many Fifteen others by the men were explosion and eight Roumania. of horses an ammuni- were Sotion wagon at Columbus. O., the In session the Army of the Cumberland presiciety elected of Gen. W. S. Rosecrans as dent. By an explosion of black mines damp at Johns- in the Williamson county coal killed and Ill., five men were injured. was ton City. others were badly Mich., several of Riverdale. wiped out by reported The village to have been nearly The fire. exchanges at United the leading States during clearhouses in the the 24th aggregated the ing the week ended against on $1,386,354,242 $1,368,804,677. The increase compared of 1896 was with previous the week. corresponding week At 60.6. Shamokin, Pa., Kaseman, Arthur W. aged May, 18, aged 24, killed his Cora own life. Refusal to of cause. and the parents then took of the girl to allow them in other towns. Maine marry Severe at was Belfast, earthquake the Ellsworth, shocks Bangor were felt and several Hawesville, Ky., a mob a of negro, 800 men acAt Raymond Bushrod, Maggie lynched cused of assaulting 14-year-old Roberts. said that there was a fair the pros- good It was that Spain would accept Cuba. pect of the United States as to a offices meeting in Athens resolu- King At a large adopted calling upon the war tion was and the cabinet to renew accept the George rather than conferterms with Turkey of peace offered by the ence. disease is doing great and dam- they age by the A to strange hogs in southern hundreds. Kansas are dying suffering was reported and among Dyea Terrible the Skaguay setting gold trails seekers in Alaska on because of the in of winter. rich gold finds continue to come Reports from of the Michipicoten region on Mons Lake Minson Superior. fatally Vincent, shot two Ia., broth- beers objected to killed cause sister-in-law, and then their named they Peterson at his marrying himself. acres of buildings the in Chicago Chicago Five the works of comprising and Iron company were Admiral the while lying off Bridge The steamer Gervais, burned. town with 200 passengers, Russia, took fire and many were perdrowned. sons of Ufa, jumped overboard and at Morrison, O. T., Peter In a political Praxton quarrel and John Rambo each other. killed Victor Anderson, a well-to-do killed his farmer aged Whiteside, Mich., No cause for the at mother and himself. deed was known. in at a silver mine 12 17 miles men from By a El cave Paso, Tex., in Mexico, were killed. 25.crop this season will than be last 000,000 The rye bushe!s-1,000,000 2,000,000 than more in 1895. year and percentages of the baseball the week clubs The National league for Baltimore, in the the 24th were: .638; Cinended .704; Boston, on 703; New York, .531; Brooklyn, cinnati, Washington, .571; Cleveland, .460; Pittsburgh, .419; .465; Chicago, .441; Philadelphia, .218. Louisville, .448; .402; St. Louis,


Article from The Iola Register, October 1, 1897

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Article Text

Could Not Loan the Surplus. DAVENPORT, Neb., Sept. 26.-The state bank of Davenport closed yesterday. In the notice to the public the reason assigned was that it could not secure borrowers enough for its large surplus of deposits. Nebraska banks have over 70 per cent. of their deposits in their vaults because of the great surplus in the state.


Article from Perrysburg Journal, October 2, 1897

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Article Text

Wesley Nading. a grain merchant at Flat Rock, Ind., shot and killed his wife and then attempted suicide. No cause was known for the deed. The State Bank of Davenport, Neb., closed its doors because it could not secure borrowers for its deposits. In session at Columbus, O., the Society of the Army of the Cumberland elected Gen. W. S. Rosecrans as president. Noah Johnson, the 22-year-old son of John F. Johnson, a farmer near Marion, Ind., shot and killed his sweetheart, Macie Mang, the 17-year-old daughter of Martin Mang. Jealousy was the cause. The state department has been notified that the Colombian government has suspended the export duty on coffee. Lieut. Peary, the explorer, said in Boston that he should start on his next polar expedition in the latter part of July, 1898, and that he would reach the north pole or lose his life in the attempt. The percentages of the baseball clubs in the National league for the week ended on the 24th were: Baltimore, .704; Boston, .703; New York, .638; Cincinnati, 571: Cleveland, .531; Brooklyn, .465; Washington .460; Pittsburgh, .448; Chicago. .441; Philadelphia, .419; Louisville, .402; St. Louis, 218. The rye crop this season will be 25,000,000 bushels-1,000,000 more than last year and 2,000,000 less than in 1895. Kaiser Wilhelm der Grosse, the new steamer of the North German line, made the trip from Bremen to New York in 5 days 22 hours and 45 minutes, making a new record. At Hawesville, Ky., a mob of S00 men lynched Raymond Bushrod, a negro, accused of assaulting 14-year-old Maggie Roberts. At Shamokin, Pa., Arthur W. May, aged 24, killed Cora Kaseman, aged 18, and then took his own life. Refusal of the parents of the girl to allow them to marry was the cause. Victor Anderson, a well-to-do farmer at Whiteside, Mich., killed his aged mother and himself. No cause for the deed was known. Mons Minson fatally shot two brothers named Peterson at Vincent. la., because they objected to his marrying their sister-in-law, and then killed himself. Severe earthqüake shocks were felt in Maineat Belfast, Ellsworth. Bangor and several other towns. Terriblesuffering was reported among gold seekers on the Skaguay and Dyea trails in Alaska because of the setting in of winter. A strange disease is doing great damage to hogs in southern Kansas and they are dying by the hundreds. Reports of rich gold finds continue to come from the Michipicoten region on Lake Superior. The equalized valuation of the state of Michigan is $1,105,100,000. Five acres of buildings in Chicago comprising the works of the Chicago Bridge and Iron company were burned. In a political quarrel at Morrison, O. T., Peter Praxton and John Rambo killed each other.