13110. Nebraska Loan & Trust Company (Hastings, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
February 13, 1901
Location
Hastings, Nebraska (40.586, -98.388)

Metadata

Model
gpt-5-mini
Short Digest
0b80ed85

Response Measures

None

Description

Articles (Feb 13–Mar 7, 1901) report the Nebraska Loan & Trust Company of Hastings was placed in the hands of a receiver (James M. Clark) on Feb 13, 1901 due to decline in asset values. No run or temporary suspension/reopening is described; receiver indicates permanent closure.

Events (1)
1. February 13, 1901 Receivership
Newspaper Excerpt
Judge M. Clark...has acted on an application made by Mr. Coffin and other stockholders of the Nebraska Loan and Trust Company, of Hastings, Neb., for a receivership. James M. Clark, of Hastings, a former president of the company, was named as receiver.
Source
newspapers

Newspaper Articles (4)
1. February 14, 1901 New-York Tribune New York, NY
Article from New-York Tribune, February 14, 1901

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Article Text

RECEIVER FOR A NEBRASKA COMPANY. Lincoln, Neb., Feb. 13 (Special).-Judge Munger, of the Federal Court, has acted on an application made by Mr. Coffin and other stockholders of the Nebraska Loan and Trust Company, of Hastings, Neb., for a receivership. James M. Clark, of Hastings, a former president of the company, was named as receiver. The company has a capital stock of $500,000, and has a surplus of $135,000. The liabilities of the com. pany are unknown. The cause of the application for a receivership is said to have been a general decline in the value of assets. It is said that nearly all the stockholders are Eastern capitaliata.

2. February 14, 1901 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, February 14, 1901

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Article Text

night. He was blind. The general opinion is that he was murdered for his money. St. Paul, Minn., Feb. 14.-A Helena, Mont., special says Marguerite Daly, wife of the late Marcus Daly, is the chief stockholder in two bank and trust companies chartered here to take up the banking business of her husband in Butte and Anaconda, The new incorporations will be known as the Daly Bank and Trust company. Washington, Feb. 14.-After a careful survey of the situation in the senate the administration has come to the conclusion there is little hope or a successful outcome this session of the efforts it has been making to secure action upon the pending reciprocity treaties. I Lincoln, Neb., Feb. 14.-The federal court has named a receiver for the Nebraska Loan & Trust company of Hastings on an application of certain stockholders. The company has a capital stock of $500,000. The liabilities are unknown. Washington, Feb. 14.-The navy department today decided to award to the Bath Iron works and to the Newport News Shipbuilding company the contract for building each a protected cruiser, providing they will do so upon the same terms and conditions as were included in the awards already made to Neafe & Levy for a similar ship. Bombay, Feb. 14.-The spread of the plague is increasing. There were over 2,000 deaths in this city during the past week, of which 923 are known to have been due to the plague. The government is devoting its attention to succoring to the sick rather than to preventing the spread of the disease.

3. March 1, 1901 Middlebury Register Middlebury, VT
Article from Middlebury Register, March 1, 1901

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Article Text

STATE BRIEFS. Noah Gleason. aged 26 years, a farmer living at Cold Rive. in the town of Shrewsburr. was shot in the face and neck by Thomas Barrett, a wood sawer, Monday alternoon, but will recover The cause of the shooting is unknown. Barrett flei to New York. Col. Kittredge Haskins of Brattlebore, congressman elect, and Mrs. Haskins are in Washington to remain until after the inaugural ceremonies and incidentally to make arrangements anticipating the calling of an extra session of congress. The Nebraska Loan and Trust company of Hastings, Neb, passed into the hands of a receiver on Feb.' 13 This company had a number of stackholders in Vermont and had sold a large amount of securities through all New England. The Fairbanks Scale company of St. Johnsbury has just completed 54 large special track scales to be used in the Anaconda mines In Montana. The increased freight rates on the narrow gauge road out of West Dumerston has practically killed the granite business of that place. The population of the town of Tunbridge is now 885; 70 years ago it exceeded 2000. Mason S. Stone, division superintendent of education in the Philippines, will leave for Manila about March 10. There are seven cases of small-pox at Dewey's Mills, a small hamlet on the Woodstock railroad, nine miles from White River Junction. The state board of health has investigated and established a strict quarantine. The general court of the Societv of Colonial Wars for the state of Verm n' will be held at the Van Ness House. Burlington Friday Feb. 22, when officers will be chosen. Mrs. Frank L. Parsons of Essex Junetion died last Saturday from the effects of burns with gasolene on Dec. 22 She was cleaning a stove with the fluid when it exploded. Dr. Seward Webb has been appointed a member of the reception committee for the inauguration of President MeKit ley.

4. March 7, 1901 Bellows Falls Times Bellows Falls, VT
Article from Bellows Falls Times, March 7, 1901

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Article Text

The Nebraska Loan and Trust company of Hastings, Nebraska has passed into the hands of a receiver. This company had a number of stock-holders in Vermont and had sold a large amount of securities throughout New England. The International Granite Cutters' union has appropriated $6,000 to be used in erecting a suitable building in Barre for the needs of the local union. A plot of land on Jefferson street has been purchased for the site for $1,800 and on this a building will be erected during the coming season. Myron Green of Franklin has purchased for the State fish hatchery the buckle shop in Swanton owned by Col. E. W. Jewett, consideration $1000. Necessary changes and repairs will be made at once, the village water put in and the building thoroughly equipped for the spring hatching. Mrs. Margaret B. Simmons, aged 38, wife of Charles B. Simmons, an employe of the Vermont Marble company at Center Rutland, was so terribly burned February 27 that she died at midnight as the result of her injuries. Mrs. Simmons had begun to prepare supper. She had taken the ash pan from the kitchen stove and had started for the yard to empty it. As she passed through the woodshed adjoining the house, a live coal fell from the pan landing on a place on the floor saturated with oil which escaped from a tank kept there. In a moment the shed was ablaze. Dropping the pan Mrs. Simmons ran to the kitchen after water and returned to fight the fire. She made good headway for a few moments, when suddenly her clothes caught and instantly she was enveloped in flames. Tearing her clothes from her she rushed back to the kitchen and fell on the floor. Her nine-year-old son took a blanket from the bed and threw it about his mother extinguishing the flames, but too late to save her life. She was horribly burned. The boy was also severely burned about his hands and arms.