13074. Security National Bank (Grand Island, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4357
Charter Number
4357
Start Date
November 27, 1894
Location
Grand Island, Nebraska (40.925, -98.342)

Metadata

Model
gpt-5-mini
Short Digest
8c036da6

Response Measures

None

Description

Multiple newspapers (Nov 27-28, 1894) report the Security National Bank of Grand Island closed/suspended and went into voluntary liquidation to reorganize; no article describes a depositor run. Some accounts attribute closure to officer disagreement, but Richmond Dispatch explicitly states voluntary liquidation. Date taken as Nov 27, 1894.

Events (3)

1. July 3, 1890 Chartered
Source
historical_nic
2. November 27, 1894 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank went into voluntary liquidation; reports also mention disagreement between officers leading to closure/suspension.
Newspaper Excerpt
The Security National Bank, of Grand Island, Neb., went into voluntary liquidation yesterday
Source
newspapers
3. January 12, 1895 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (4)

Article from The Indianapolis Journal, November 28, 1894

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Article Text

World's Cycling Records Reduced. DENVER, Col., Nov. 27.-Bicyclist J. D. Parks, of this city, in an official trial, has reduced the world's class A record for one mile, standing start, unpaced, from 2:22 to 2:19 4-5. In doing this he also made world's records for two-thirds and three-quarters of a mile. Business Embarrassments. GRAND ISLAND, Neb., Nov. 27.-The Security National Bank closed its doors today. It is reported not to be so much of a failure as a disagreement between the officers of the bank. It has a capital stock of $200,000. The deposits are about $50,000, of which $20,000 are county funds. United States Senator George Vest, of Missouri, is largely interested. A. S. Vest is cashier. H. W. Palmer, county treasurer, is president. VICKSBURG, Miss., Nov. 27.-The firm of Switzer, Newwitter & Co., one of the largest dry goods houses in the State, made an assignment to-day to D. J. Shlenker, trustee, and closed its doors. Liabilities, $148,000; assets considerably in excess of liabilities; preferred creditors, $45,000. HOWARD, S. D., Nov. 27.-The Kendall Banking Company closed Its doors to-day. The State examiner is looking into its affairs. The individual deposits are not large, but the county and school funds held in the bank amount to $40,000. COLUMBUS, O., Nov. 27.-The advertising agency of R. L. Watkins, of this city, went into the hands of a receiver, Tod E. Galloway, to-day. CINCINNATI, Nov. 27.-Joseph Wachtel, job printer, assigned to-day, to Frank Seinsheimer. Assets, $10,000; liabilities, $30,000.


Article from Richmond Dispatch, November 28, 1894

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Article Text

Telegraphic Ticks. A brief but violent shock of earthquake was felt in the Tyrol yesterday. The Kendall Banking Company, Howard, S. D., closed Its doors yesterday. Gardner was given the fight at Buffalo with Solly Smith on a foul in the fifth *Yound. For the third week of November the inSouthern railway earned $413,291, an crease of $24,886. The business part of Athens, Ala., was almost destroyed by fire yesterday morning. Loss, $150,000. The big clothing store of A. Nathan, by Great Falls, Mont., was destroyed fire yesterday. Loss probably $200,000. J. M. Johnson was yesterday appointed postmaster at Sophia, Randolph county, N. C., vice S. W. Kivett, Jr., removed. The post-office at Derr. Lincoln county, N. C., has been ordered removed one and a quarter miles west of the old location. Messrs. Switzer, Newitter & Co., of Vicksburg, one of the largest dry -goods houses in Mississippi, assigned Monday. Liabilities nearly $150,000. Surgeon-General Wyman, of the MarineHospital Service, has received information of Rio that cholera prevails in the States Janeiro and Sao Paulo, Brazil. The Cologne Gazette publishes a dispatch from Kiel stating that the Brazilian Government has ordered the construction in Germany of four cruisers. The executive council of the McCarthyite wing of the Irish Parliamentary party have agreed that any men differing from the policy of the party shall be asked to resign. Adolphus Duncan (colored) was convicted in Atlanta yesterday of criminal assault on a white woman, the penalty for which is death, and will be sentenced to hang early in January. A royal decree has been issued at Madrid abolishing public executions, the decree, it is said, being due to the public exposure of the body of Anarchist Salvator Franch, recently executed in BarceIona. A violent shock of earthquake, having motions both undulatory and vertical, was felt at Brosta, Italy, yesterday morning, the shock being followed by rumbling sounds similar to those heard at Bologna and Verona. The New York Court of Appeals yesterday, in the case of the people against John Y. McKane, appellant, affirmed the judgment of conviction for felony rendered in the Court of Oyer and Terminer of Kings county. All the executive departments at Washington will be closed at noon to-day, in order to give the clerks an opportunity to prepare to observe Thanksgiving-Day to-morrow, on which day the departments will be closed. The Security National Bank, of Grand Island, Neb., went into voluntary liquidation yesterday, and the Citizens' State Bank, of the same place, did likewise, the object, it is understood, being the organization of a new bank. Ex-Governor Oden Bowle, of Maryland, was stricken with paralysis at his country house, at Bowie Station, Prince George's county, Monday night, and last night he was reported as resting easily, and in no immediate danger of dissolution. Senator Bradley, of the Lexow Committee, says that he will, at the next session of the Legislature, have the Lexow Committee authorized to go to Brooklyn, and make an investigation there similar to the one made in New York city. The Central News of London has received a dtspatch denying the report of the foundering of the Italian torpedocruiser Monzambano, the facts being that the vessel went ashore and sustained some damage, but was subsequently floated and towed to Venice. A conference of free-silver leaders from all parts of the country is being held at St. Louis, among the champions of the white metal present being General A. J. Warner, Congressman Bryan, H. E. Taubeneck. General Weaver, and Congressman R. P. Bland. A fire started at 2:45 A. M. yesterday in Webb's Hotel, Lyndonville, Vt. which, before it was extinguished, had wiped out the entire business portion of the village, except J. L. Watchis's grocery and Dodge & Watson's furniture store. Loss probably $200,000; insurance, $130,000. The Department of State is still without Information of the alleged Armenian massacres in Turkey, and in the absence of despatches on the subject from Minister Terrell, is disposed to consider the accounts received by Armenians in this country as highly exaggerated. The Cabinet meeting was postponed for the third time yesterday, owing to the absence of the President, whose physician says that while Mr. Cleveland is much better, his rheumatic foot worries him considerably, and It is more prudent that he should remain at Woodley. The New York Herald's special cable from Buenos Ayres says General Avery, representing the Atlanta (Ga.) Exposition, has arrived there from Rio, and says the Brazilian Government has promised an exhibit, and that he was received with the utmost courtesy by all classes in Rio. E. c Hastings, a milkman who lived 307 at Flournoy street, Chicago, shot the and latkilled E. P. Hilliard, a lawyer, in


Article from The Diamond Drill, December 1, 1894

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Article Text

LATER. OWING to the hard times receipts from stamps, stamped envelopes and postal cards fell off over $2,000,000 during the year. PRINCESS BIRMARCK, wife of the exchancellor of Germany, died at Varzin. She had been ailing for some time. JUDGE DALLAS, of Philadelphia, decided that the Reading railroad receivers had the right to discharge an employe who belonged to a brotherhood. THE Security national bank of Grand Island, Neb., was forced to suspend. LAWYER EDWARD P. HILLIARD was shot and killed at his desk in Chicago by Henry C. Hastings, who claimed he had been defrauded of his property. DROUGHT had dried up everything in Oklahoma and prairie fires were doing much damage. IN his annual report Superintendent Brooks says the foreign mail service has attained a high degree of perfection. THE clothing store of A. Nathan was destroyed by fire at Great Falls, Mont., the damage being $200,000. THE Missouri, Kansas & Texas Railway company has put additional armed guards on its express cars on its line going through Indian territory. THE Kendall Banking company at Howard, S. D., closed its doors. JAMES DYAN, John Jones and Henry Taylor were fatally injured by an explosion of gas in the Jack Oak coal mines near Albia, Ia. AMBROSE WOODS, a farmer, and his wife were killed by the cars at Carey, O. GEORGE BARKER, a landscape and scenic photographer of world-wide reputation, died at his home in Niagara Falls, aged 50 years. THE Shelley hoop and stave factory at Holgate, O., was burned down by employes who went on a strike. THE business part of the town of Athena, Ala., was almost totally destroyed by fire, the loss being $150,000. ALMOST the entire business portion of Lyndonville. Vt., was swept by fire, the loss being $200,000. DIRECTOR OF THE MINT PRESTON in his annual report says the gold coinage of the fiscal year ended June 30 last was $99,474,912, the largest ever executed. The silver coinage was $6,977,296. The estimated metallie stock of coin and bullion in the United States was: Gold, $627,293,201; silver, $624,347,757. a total of $1,251,640,958. The net gold exports for the fiscal year were $4,172,665, against $86,892,275 in 1898. The net exports of silver were $81,041,359, against $7,653,831 for the previous year.


Article from Highland Recorder, December 7, 1894

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THE NeW3. Three small children of is W. K. Walters near Little Rock, Ark., were burned to death. United States Commissioner Rogers. while trying a case of illegal whiskey-sell.ng at Mount Sterling, Ky., Charles Watkins shot and fatally wounded Green Atkins in the courtroom.- S. Mary Madera, a milliner of Morgantown, W. Va., accepted the offer of $5,000 made by Ephraim Walters, an octogenarian, to marry him, and the wedding took place Thanksgiving Day. -Henry M. Lloyd, a young farmer of Martinsburg, W. Va., was killed by the accidental discharge of a gun in the hands of a friend, Ell S Rush. -The Commercial National Bank of Lamoni, Iowa, was robbed. - At a clay pigeon shoot at New Brunswick, N. J., Henry Me Cawley and William Griggs were fatally injured by the explosion ofa gun. Anearthquake or a tidal wave did considerable damto the water fr nt age of Tacoma, Wash.Stephen Madden, aged eight years, was killed and his little sister severely burned by the ex| losion of a gun with which they were playing at Coal Run. Pa. - The legislature o Georgia has failed to make an appropriation for the state militia, and a majority of the com; anies may disband in consequence. --Arrange ments are Leing perfected for speedy putting in of a blast, still and iron furnace at Greensboro, N. C. A number of prominent iron expert+ visited the iron mines at Ore Hiil, near Greensboro, to inspect the ore. A syndicate has taken hold of the entire plant at Greensboro.--TheJa Lick monument was unvailed at San Francisco with appropriate ceremonies. The business portion of the town of Athens A'a., was almost to ally destroyed by fire, The north side of the public !quare is in ruins. The losse aggregate about $150,000, and the insurance is probably $90,000.The steamer Falcon is 101 orted to have been wrecked off the coast of Newfoundland.The New York Court of Appea's confirmed the sentence o! conviction on John Y. Mc. Kane. - The Security National Bank of Grand Island, Neb., closed its doors.steamer Oceania arrived in San Francisco with the news that theroyalist plot in Hawaii had been discovered and frustrated.Chancelior McGill, of New Jersey, decided not to grant Theodore Lamlert, the colored murderer of William G. Kairer, the old Camden cracker baker, a writ of error, and unless the Court of Pardons interferes Lambert will be banged in the Camden Jail on Thursday, December 13. - The town of Lyndonville, Vt., was nearly entirely des'royed by fire. Loss $200,000. conference of the leaders of the American Bi-metallic League was held in St. Louis to outline a policy for the silver factions of the two great political parties. Chief Justice Beasley. in Trenton, N. J., granted writs of certiorari removing to the Supreme Court the charges against Supreme Court Justice Jonathan Dixon, Reuben Wells, ( harles R. Fitch and James Inglis, Jr., who were arrested on complaint of Game Warden C bas. A. Shriner, for violating the game laws of New Jersey in shooting wild ducks. --Mrs. Jessie Richards, a Miami Indian, a daughter of Wa (ah Co Nah, one of the most conspicuous members of the trile, died on the Indian reservation, near Wabash, Ind. She was the last surviving member of the Wah (ah Co Nah family, which was influential in the M amit ibe back in the 75's.Two brothers named Sanders were instantly killed near Bowmans Station, Pa., by being struck by the Lehigh Valley milk train. They were picking coal. - The saloon of Price Ditch, in the village of Festus, a few miles south of St. Louis, was burned and the charred remains of Ditch were found in the ruins. Indications point to murder and incendiarism.--Neal Bros. & Co., of Portland, Ind., failed. The amount will reach $60,000 to $70,000, although no statement is to be had. The firm did an (normous business, and a large amount of wheat was stored with them. Hundreds of farmers are caught for their entire crop.