12982. First National Bank (Dodge, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7333
Charter Number
7333
Start Date
May 29, 1925
Location
Dodge, Nebraska (41.721, -96.883)

Metadata

Model
gpt-5-mini
Short Digest
4db78fba

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1924-11-22
Date receivership terminated
1925-03-31
OCC cause of failure
Run
Share of assets assessed as good
31.7%
Share of assets assessed as doubtful
48.1%
Share of assets assessed as worthless
20.2%

Description

Articles (particularly May 29, 1925) reference Frank W. McRoberts as receiver of the First National Bank of Dodge, indicating the bank had failed and a receiver was appointed. Later 1927 coverage discusses litigation arising from the bank having went broke and bad paper. No article describes a depositor run prior to suspension; the failure appears due to adverse bank-specific asset/paper problems and resulted in receivership/foreclosure actions.

Events (4)

1. July 8, 1904 Chartered
Source
historical_nic
2. November 22, 1924 Receivership
Source
historical_nic
3. May 29, 1925 Receivership
Newspaper Excerpt
In the case of Frank W. McRoberts, receiver of the First National Bank of Dodge, Nebraska, vs. William R. Porter ... A decree of foreclosure was entered and a sale of real estate ordered. (Howells Journal, 1925-05-29).
Source
newspapers
4. May 29, 1925 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had gone broke; troubled/bad paper and insolvency led to appointment of a receiver and foreclosure actions.
Newspaper Excerpt
In the case of Frank W. McRoberts, receiver of the First National Bank of Dodge, Nebraska, vs. William R. Porter...
Source
newspapers

Newspaper Articles (3)

Article from The Howells Journal, May 29, 1925

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Article Text

DISTRICT COURT NOTES. (F. R. MOORE. Clerk) District Judge Louis Lightner of Columbus has recently made several decisions and findings in cases closing the February, 1925. term of district court in and for Colfax county. In the partition action of Joseph Hledik, et al., vs. Christina Hledik, et al., the final report of the referee was approved and the referee was discharged. la the case of John Healy vs. Colfax county, Nebraska, in which the plaintiff brought action for damages because of a proposed drainage ditch the plaintiff's motion for a new trial overruled. The case was tried to a jury on March 16, 17 and 18, 1925, and the jury brought in a verdict of no cause for action. In the case of Frank W. McRoberts, receiver of the First National Bank of Dodge, Nebraska, vs. William R. Porter, et al., there was default of the defendants and the finding was for the plaintiff in the sum of $7466 64, with interest at 10 per cent, which is a first lien upon the real estate involved. A decree of foreclosure was entered and a sale of real estate ordered. In the partition action of Pauline Knight vs. Alice Knight, et al., the sale of the real estate was confirmed and distribution ordered. The fee of the guardian ad litem was fixed at $50 and the fee of the attorney was fixed at $125.00. In the foreclosure action of Vaclav Novak, vs. Walter W. Wolfe, et al., there was a default of the non-answering defendants. The plaintiff was given judgment against the defendants, Walter W. Wolfe and Olga Wolfe, in the sum of $12875 18, with interest at 10 per cent, as a first lien on the real estate involved. The Banking House of F. Folda was given judgment against the same defendants in the sum of $6141 50, with interest at 10 per cent which is a second lien upon the real estate. A decree of foreclosure was entered and a sale of the real estate ordered. In the case of L. Sibbernsen vs. Millard F. Johnson, et al., there was a default of the non-answering defendants. The plaintiff was given judgment against the defendants, Millard F. Johnson and Margaret Johnson, in the sum of $1075 95, with interest at 10 per cent which is a first lien upon the real estate involved. The Farmers' Elevator Company of Adams. Nebraska, was given judgment against the same defendants in the sum of $397.15, with interest at 10 per cent which is a second lien upon the real estate. A decree of foreclosure was entered and a sale of the real estate ordered. In the action to quiet title of Edward Thomas Hrubesky vs. Anna Hrubesky, et al., Geo. W. Wertz was appointed guardian ad litem for Mrs. Anna Hrubesky, incompetent. In the case of the First National Bank of Schuyler, Nebraska, VS. Frank H. Pollard, the sale of real estate was confirmed and a deed ordered. In the case of Frank J. Oborny VS. Joseph V. Vrba, president. et al., the finding was for the defendents and the petition of the plaintiff was dismissed. The plaintiff brought ac. tion against the officers of the Catholic Workmen Lodge alleging irregularities in the conduct of the business of the lodge. Ernest Quesner was given a deficiéncy judgment against Joseph J. Hiedik and Louis Hledik in the sum of $451.25, with interest at 10 per cent from March 16, 1925. In he foreclosure action of the Federal Land Bank of Omaha, vs. Agnes Tuma, et al., the plaintiff was given judgment against the defendant, Agnes Tuma, and the intervenors, Stephen Tuma, guardian, Emil Tuma, Emelie Tuma, Lumir Tuma, Lambert Tuma and Pauline Tuma, in the sum of $10,508 28, with interest at 10 per cent, which is a first lien upon the real estate involved. Joseph K. Suchan and Rudolph L. Suchan were given judgment against the same defendant and intervenors in the sum of $1299 10, with interest at 10 per cent, which is a second lien upon the real estate. H. Dey Myers was given a judgment against the same defendent and intervenors in the sum of $228.00, with interest at per cent, which is a, third lien upon the real estate. Stephen Tuma, guardian, Emil Tuma, Emelie Tuma, Pauline Tuma, Lumir Tuma and Lambert Tuma were given judgment against Agnes Tuma in the sum of $23,433 33, with interest at 7 per cent, which is fourth lien upon the real estate. The mortgage in favor of Agnes Tuma, guardian, was restored of record. The mortgage in favor of John M. Folda was cancelled. A decree of foreclosure was entered and a sale of the real estate ordered. The case will be appealed to the supreme court by John M. Folda who has filed a supersedeas bond in the sum of $2,000.00. In the partition action of Joseph Svoboda vs. Emery Stowell, et al., there was a default of the defendants and the finding was for the plaintiff and the title to the real estate involved was quieted in the plaintiff. In the divorce action of Anna M. Church vs. Charles E. Church, the plaintiff was allowed temporary alimony in the sum of $75.00 per month, beginning June 1, 1925, and each month thereafter until further order of the court. The attorney's fees was fixed at $150.00 and $50.00 was allowed for suit money, said sums payable within ten days after May 23rd. 1925. In the case of city of Schuyler, Nebraska, VS. Dennis W. Killeen, et al., the motion to make more specific was overruled, to which ruling the defendant, Thomas Stibal, excepts. The motion you strike was also overruled, to which ruling the defendant excepts. Donald D. McLeod and Julia McLeod are plaintiffs and Mary M. Crowley, et al., are the defendants in a parition action recently filed. The June, 1925. term of district court convenes Monday, June 1, 1925. The jury is summoned to appear on Tuesday, June 2. 1925, at 10 o'clock in the forenoon. Judge Frederic W. Button of Fremont will be the presiding judge.' The docket for the term has not as yet been called.


Article from Rock County Leader, June 2, 1927

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Article Text

BARBERRY BUSH OUTLAW Search for to Be Made in Three Northeast Nebraska Counties Norfolk, Neb., for the plant grains, gin in Pierce, and Stanton on June to date netted the state bushels They were properties. Eradication of the barberry bush difficult birds frequently carry seeds long and they take field where presence has never been known before. With in the last six years oirberries have been in 70 counthe state. Their early and source will obtain from federal for the fiscal year, beginning July for barberry eradication. SUPREME COURT TO HEAR CASE ON KEEP OF PRISONERS Lincoln, Neb. statute which undertook transfeeding of prisoners the Douglas county jail Omaha sheriff the county board and emolument of office, which said its incumbent $15,000 $20,000 year profit, was enactment, argued pro and con before the Nebraska court sitting during the week of June The suit was brought by former Sheriff Andres against the county board to enjoin them from with feeding the prisoners collecting the legal lowance per day for one. The average of about 200 inmates, including state and federal prisoners. The sheriff won in the discourt, and the board appealing. In the last legislature, Senator terman of Central bill taking the matter providing subsistence the population out sheriff's hands. passed the upper branch but was lost in the house. ASSERTS DID NOT GUARANTEE BANK PAPER Lincoln, Neb., (Special)Miller, former president of the First National bank, Dodge, asking the supreme court set aside judgment secured by Frank Srb. The bought the interest of Miller in years ago, and eight later the broke. Srb says that him the paper was all good, and wasn't. Miller says Srb had the notion that banks great makers. tried to buy into one bank and found the were asking $400 share. When he tackled Miller the latter fered his stock for $200 share. Srb thought he had made good bargain, and that no representations were made to him. Comes the deflation, and of the paper turns out be bad. Miller says he is blame. Srb tried bank durtroublous times, and didn't make Miller that he appealing matter that for pay the judgment. He says Srb agreed settle, and asks of the terms of the LAND APPRAISERS ARE TOLD OF SOIL VALUES Lincoln, Neb., (Special) Seventy men whose jobs consist of valuing land for the loan companies and land banks are attending twoday course of instruction in soils and soils values and their to land held under direction Condra of the state surExperts from farm and from the kind of soil for, the native vegetation bears fecundity. grasses the part the state are dry long the easte denote moisfertile, sweet, though dry land; grease wood, salt alkali. weeds on land valwas another topic presented. Saturday field trip taken for Other topics covered the relation of farm values to farm and how to check up incomes that HEIRS FILE BRIEF IN SUPREME COURT Lincoln, Neb., Charles Strelow, through their attorneys, filed brief with the preme court Friday the court cision that the will offered Frank Schulz and would have most his from $80,000 $100,000 not the last the deceased. Under the district court decision the and Strelow brothers, would go to the regular heirs, disregarding tirely. FREMONT MAN RAISES BEARING ANIMALS Fremont, Neb., rabbits will no longer need sacrificed for pieces lady's neck, plans Paul Fremonter, materialize. Paul proto real minks, martins, and even skunks, has 12 minks on his little already farm here. "farmers" in other sections assert that profits good and the mand is always in excess of the ply. WOULD BE SUICIDE IS ORDERED Nebraska City, Neb., Sailors, Verdon man who attempted suicide the city jail here Monday afternoon later taken hospital for treatment, the floor window the ground, distance about feet, in tempt escape, but was captured could grounds. examined the board insanity and ordered


Article from The Petersburg Index, June 3, 1927

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Article Text

BARBERRY BUSH IS AN OUTLAW Search for It to Be Made in Three Northeast Nebraska Counties Norfolk, Neb., (UP)-Survey for the common barberry. a plant destructive to grains, will begin in Pierce, Madison and Stanton counties on June 6. Surveys to date have netted the state 127,604 bushels They were on 4,245 properties. Eradication of the barberry bush is difficult because birds frequently carry seeds long distances, and they take root in woodland areas and field where their presence has never been known before. With in the last six years nerberries have been observed in 70 counties of the state. Their eradication will eliminate an early and important source of stem rust. Nebraska will obtain $21,000 from the federal appropriation for the new fiscal year beginning July 1, for barberry eradication. SUPREME COURT TO HEAR CASE ON KEEP OF PRISONERS Lincoln, Neb., -Whether the 1925 statute which undertook to trans fer the feeding of prisoners in the Douglas county jail at Omaha from the sheriff to the county board and thereby wipe out an emolument of the sheriff's office, which is said to net its incumbent $15,000 to $20,000 a year profit. was a constitutional enactment, is to be argued pro and con before the Nebraska supreme court at its sitting during the week of June 6. The suit was brought by former Sheriff M. L. Andres against the Douglas county board to enjoin them from interfering with his feeding the prisoners and collecting the legal allowance per day for each one. The jail contains an average of about 200 inmates. including state and federal prisoners. The sheriff won in the district court, and the board is appealing. In the last legislature, Senator Osterman of Central City had a bill taking the matter of providing subsistence for the jail population out of the sheriff's hands. It passed the upper branch but was lost in the house. ASSERTS HE DID NOT GUARANTEE BANK PAPER Neb., A.J. Miller. former president of the First National bank, of Dodge, is asking the supreme court to set aside the judgment of $41,250 secured against him by Frank J. Srb. The latter bought the interest of Miller in the bank several years ago, and eight months later the bank went broke. Srb says that Miller assured him the bank's paper was all good, and it Miller says Srb had the notion that banks are great money makers He tried to buy into one bank and found the owners were asking $400 share. When he tackled Miller the latter of fered his stock for $200 a share. He says Srb thought he had made good bargain. and that no representations were made to him. Comes the deflation. and lot of the paper turns out to be bad: Miller says he is not to blame. Srb tried to run the bank during trcublous times, and didn't make a go of it. Miller adds that he is appealing as a matter of principle. and that it is impossible for him to pay the judgment He says Srb agreed to settle. and asks enforcement of the terms of the agreement. LAND APPRAISERS ARE TOLD OF SOIL VALUES Lincoln. (Special)Seventy men whose jobs consist of valuing land for the loan companies and land banks are attending twoday course of instruction in soils and soils values and their relation to land prices, held under the direction of Dr. G. E. Condra of the state soil surExperts from the farm and from the service detailed what each kind of soil was best for, and the relation that native vegetation bears to soil fecundity. Short grasses of the western part of the state are indicative of lack of moisture and a close dry substrata: long grasses of the easte denote presence of moisture: sagebrush, fertile. sweet, although dry land: grease wood, sea. wort and salt grass indicate alkali. The influence of weeds on land values was another topic presented Saturday a field trip was taken for demonstration purposes Ther topics covered the relation of farm values to farm incomes and how to check up on incomes of that sort. STRELOW HEIRS FILE BRIEF IN SUPREME COURT of Charles Strelow, through their attorneys, filed a brief with the supreme court Friday the Lancaster county district court decision that the will offered by Frank C. Schulz and others. which would have given most of his estate of from $30,000 to $100.000 to ins of Schulz. was not the last will of the deceased Under the district court decision the property and money of the Strelow regular heirs. disregarding the will en- FREMONT MAN RAISES FUR BEARING ANIMALS cats and rabbits will denger need be sacrificed for fur please for milady's neck. if plans of Faul Pech. Fremonter. materialize Paul proposes to raise real mink martins, muskrats-yes and even skunks. and already has 12-minks on his little fur farm here. Fur "farmers" in other sections of the state assert that the profits in this business are good and the demand is always in excess of the supply.