13161. Buffalo County National Bank (Kearney, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3526
Charter Number
3526
Start Date
October 12, 1894
Location
Kearney, Nebraska (40.699, -99.081)

Metadata

Model
gpt-5-mini
Short Digest
27bfe8ae

Response Measures

None

Receivership Details

Depositor recovery rate
21.0%
Date receivership started
1894-11-10
Date receivership terminated
1915-06-05
OCC cause of failure
Losses
Share of assets assessed as good
8.0%
Share of assets assessed as doubtful
75.0%
Share of assets assessed as worthless
16.9%

Description

The bank closed/suspended on Oct. 12, 1894 after a large judgment tied to a firm (Sands clothing house) in which the bank was interested and the withdrawal of deposits by directors. A receiver was appointed by the controller of the currency on 1894-11-12, indicating permanent closure and receivership.

Events (4)

1. July 3, 1886 Chartered
Source
historical_nic
2. October 12, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
$19,000 judgment against Sands clothing house (bank was interested) and withdrawal of deposits by two directors led to suspension.
Newspaper Excerpt
Kearney, Neb., Oct. 12.-The Buffalo County National bank closed its doors today, caused by a judgment of $19,000 against the Sands clothing house, in which the bank was interested, and a couple of directors demanding their deposits.
Source
newspapers
3. November 10, 1894 Receivership
Source
historical_nic
4. November 12, 1894 Receivership
Newspaper Excerpt
The controller of the currency today appointed Mr. Henry E. Lewis receiver of the Buffalo County National Bank of Kearney, Neb., which suspended payment October 11, 1894.
Source
newspapers

Newspaper Articles (14)

Article from The Morning News, October 13, 1894

Click image to open full size in new tab

Article Text

KEARNEY IN A PANIC. Two National Banks Close Their Doors in Quick Succession. Kearney, Neb., Oct. 12.-The Buffalo County National Bank closed its doors to-day. The closing was caused by a $19,000 judgment against Sand's clothing house, in which the bank was interested, and a couple of directors demanding their deposits. Sand's clothing house was closed at the same time, but no other business houses have been affected so far as known. The assets and liabilities are not yet known. Following so closely on the fallure of the First National Bank yesterday, the closing of the bank to-day has caused great uneasiness.


Article from The Guthrie Daily Leader, October 14, 1894

Click image to open full size in new tab

Article Text

A Second Kearney Bank Closed. OMAHA, Neb., Oct. 13.-The Buffalo county national bank of Kearney failed to open its doors this morning, but the officials refuse to make a statement. The statement in July showed a capital stock of $100,000. A heavy judgment against Ross Ganble, the president, and the suspension of the First National bank of Kearney brought about the suspension.


Article from Watertown Republican, October 17, 1894

Click image to open full size in new tab

Article Text

SECOND BANK SUSPENDS. Buffalo County National at Kearney, Neb., Closes Its Doors. Kearney, Neb., Oct. 12.-The Buffalo County National bank closed its doors today, caused by a judgment of $19,000 against the Sands clothing house, in which the bank was interested, and a couple of directors demanding their deposits." The Sands clothing house was closed at the same time. The assets and liabilities are not yet known. Following SO closely on the failure of the First National bank yesterday the closing of the bank today has caused great uneasiness.


Article from Eagle River Review, October 18, 1894

Click image to open full size in new tab

Article Text

SECOND BANK SUSPENDS. Buffalo County National at Kearney, Neb., Closes Its Doors. Kearney, Neb., Oct. 12.-The Beffalo County National bank closed its doors today, caused by a judgment of $19,000 against the Sands clothing house, in which the bank was interested, and a couple of directors demanding their deposits. The Sands clothing house was closed at the same time. The assets and liabilities are not yet known. Following SO closely on the failure of the First National bank yesterday the closing of the bank today has caused great uneasiness.


Article from The True Northerner, October 19, 1894

Click image to open full size in new tab

Article Text

Nebraska Bank Fails. The Buffalo County National Bank of Kearney, Neb., was suspended because of an $18,000 judgmentin which the bank was interested and the withdrawal of deposits by two directors. The failure has caused local uneasiness.


Article from Highland Recorder, October 19, 1894

Click image to open full size in new tab

Article Text

Colleage express on the the wreeking Grand the Trunk Atlantic railroad at Battle Creek, Two and on the morning of July 16 their last. stateearly men have confessed, and make the Atlantic ments of acy the wreck plain not only that there Trunk was a road, cosspir- express but to and Grand of the other on the trains Chicago as well. The confession the conspiracy tend to show also that of incendiary men was the result strike of last speeches July. made the An during the ear great on the Armourdale branch rau away, of elevated elect rie railway in Kansas were City slightly, and a score -Judge for years sent his and four Blackley, seriously, Court of of injure passengers Georgia, chief has justice as of his Logan resigna- the reason Su. E. preme to the governor. ascribing work of the Sution the fact that the so is too heavy for assembly twice judges preme The for doing Court submitted three judges. the to general for au increase to five times. proposition but it was defeated both has peep the people, Meyer, deputy marshal, Sitka, Alaska, on the embezzlement of A public dynamite magazine arrested the Adolphus of $20,000. at - funds the to charge 28. Man- ex- at of Taku, tent Alaska, exploded badly September wounded. a prominent farmer Nathan Greer, his ager county, James Greer, Ohio; Avery William was burned to death of SOD, Mercer sev- by and a mow. hay Ellsworth McAfee were Robett Marquis, of landowner fire in a years old, a wealthy by taking enty-one Ind., committed overland train. poison. Kokomo, The east-bound al., at suicide nine o'clock, was bedue at Saeramento, robbers about six mi!os held up by train - olonel Thomas M. ( unn- of a of low ingbam. the city Guatemalan papers. died on correspondent September grand- 33 at number del Orc. in Ecuador. He of was son Plaza of Governor John Brought, shot and killed Ohio. her Fred and Mrs. Hawke's mother, and, Mrs husband's Hawks, paramour. who have William been acquitted tried Bry. at Boulder, Mrs. ol., and is have being been made of the All investigation M. H. Savage, superintendent Cal. of accounts of Indian School at Perris, He the is government supposed to Le in Mexico. indicted and and an effort exmade to have_him destroyed will be A fire in Beloxi, Miss., of 875, tradited. buildings, with a National loss Bank twenty-seven 000. The Buffalo County its doors. The closat ing Kearney, was the result Neb., closed of house a judgment in which of the $19,000 bank against a clothing An attachment of $50,000 was interested. served OD School Fund Commissioner state compschool has troller Olney, been of for Connecticut, alleged mismanagement by the of the Chicago fund. Day. the anniversary Chicago. of the great The was celebrated in of was begun by the liberty statues of Lip Columbian fire celebration of 1871, bell, at which the ringing was carried sit the about the city Park, on and Graut and in Lincoln rung the Columbian the of old Fort front; at the ity monument on - The and coln Dearboro; the Trade. lake at corner-stone Hall, the the ominercial Board of Travelers' Home of N. Y. of the was laid at Binghamton, wife, in George Ia., breaking her He cutting her throat. Marble United and States Rock. then Reams murdered head his Domestic with then of a chair, own throat and will Judge die. Gaynor, cut trouble his was the cause. - county, N. Y., Supteme R. Probasco Dry appointed of the Company of the Gross receivers Warehouse Samu Court of Kings rio-American building of and Brooklyn. Fra the cis Dock and destroyed the main can ing Iron Works at Ea t on of $75,000. steamer insurance a Tudor loss Fire $62,000. principally The St. York, Louis, machinery reported Adiron which arrived at New British Columbia. disturbed dack, state of affairs Typographical in Union The convention at a Democrat, Ga. continued James Chambers. International their Atlanta, Louisville. shot Jame near Fir Weaver. a Populist, Luke in Fidier mino suffccat Shamokin, broke out in Pa., the the smoke and fifty-live and gas of thei several workmen. escapes. ing companions making narrow Edwards and WICH fight between Jeil Tex., resulted in Ed A in Caliatin, Henderson fatally Henderson, being killed, and out of the at wounded. wards The trouble to grew Edwards wife. Four tentions men by were Henderson killed. hurt two in facally a boiler wounded explo aub sion others at the seriously Henry Clay were colliery, killed, in two Shamokin fatall Two person seriously hurt in a fire in Boston. injured Pa. hous) and several in Providence James tene B the murder on ment Mathes has been acquitted, of "Monk" Saunders, Jun a the R. I., Narragansett of Park Race-track, Mathes shot Saun 9. It was alleged that The defendant The claime en ders in a quarrel. was accidental. arreste t that Reiner the shooting family of Dalton, to burn O., was the town charged re with conspiring libarian of th Miss Almira L. Hayward, and one of the best Cambridge City Library, country, was in : in the hole known stantly librarians killed by falling where through workmen a wer the floor of the library, Hayward was fill making repairs. Miss and had been libraria one years of age, Grandy Moore, twelve train year 1 twenty was years. arrested - at Bells, Tenn., for wreeking. old. He confessed.


Article from The Caldwell Tribune, October 20, 1894

Click image to open full size in new tab

Article Text

GENERAL NEWS NOTES. Organized Labor of Seattle has suspended publication. Warden Charles W. Durston of Sing Sing prison is dead. The pacer Crawford, having a record of 2:07%, is dead. It IS announced that the czar will leave Crimea for Corfu Tuesday. Four earthquake shocks were felt at Athens Wednesday night. The cash balance in the treasury is $116,1,117; gold reserve, $60,150,693. The stockholders committee bid in the Minneapolis & St. Louis road for $1,600,000. King Alexander of Servia made his entry into Buda Pesth Sunday and was received with royal honors. Count Bendenorff, the czar's grand marshal has gone to Corfu in order to prepare for the arrival of the Γ. Miss E izabeth Fairfax Gaines of Warrenton, Va., was married to Thomas Smith, chief justice of New Mexico. Hon. Oran Follot died in Sandusky, Ohio, Sunday, aged 95. He was one of the best known citizens of the state. Fire at Biloxi, Miss., destroyed the Masonic opera-house and other buildings. covering two squares. Loss, $75,000. Thieves stole from the residence of F. J. Oppa of Newton, Hamilton county, Ohio, $15,000 in stocks, bonds and money. Columbia county, having exceeded the constitutional limit of indebtedness, has cont:nued all civil jury cases till the March term. Fire destroyed the business portion of Laurel. lowa. The heaviest losers are J. W. Barger & Co. J. R. McBroom and John Resner. United States Circuit Court Judge Woolson has decided that the receivers can not cut the salaries of employes of the Omaroad Louis 78 γ BY There is much excitement in the state of Campeche and the island of Carmen, Mexico. over yellow fever, which is causing a large number of deaths. Julius Lichtenberg, Detroit school Inspector, under indictment for receiving a bribe, probably fatally shot himself just before his trial was to begin. A dispatch from Bertin states that a Hamburg firm has purchased 100,00 0 Albini rifles, at lour francs each, from the Belgian government for export to China. Not a shadow of a tangible clue to the identity of the men who accomplished the remarkable feat of brigandage in Virginia Friday night has yet come to light. E tmund Crittenden has been returned JOJ Manuted s! eq mhhre ""y Iranklort 01 $1 gouih eqj. new B 01/11/19 robber Jumily. Crittendent snows) only JO member B All details for the debate between Hon. J. M. Thurston and Congressman Bryan this week are complete. Tuesday evening they meet at Linco'n, Neb., and Thursday evening at Omaha. Aifred Stephen, formerly lieutenant govH peep st south MeN 0 enfor was the third son of John Stephen, judge of the supreme court of New South Wales. 1802. u! uron SUM "H The Thurston-Bryan joint debate has been postponed to Wednesday afternoon at Lincon and the Omaha date remains as before, Thursday, Applications have been made for 10,000 tickets. Thomas Lucoro, the notorious outlaw, -1888888 the Bush em 10 SBM 04 M "W 'N County "JON JO PMO(T Injurys nated -1V am no Station Grant 18 permided STM lantic & Pacific railroad, The bark John Ludwig, which sailed from Pensac 1a, Fla., with H cargo of tim equal go mith et inoqu dn probed SUM 'Jan Tue and only Ao up penol pus bar mate was swept overboard during a gale. Half a million in gold has been withdrawn from the sub-treasury for export. This is the first withdrawal of any importance since August 6 last, and news has had -шо treasury eq: nodn check R cials. The sensational struggle for the possession of the person and estate of Ebenezer M. Byers, the Allegheny iron master, has been decided. Henry Warner was appointed guardian for the lunatic. The appointment is really a victory for Mrs. Myers. "Kid" Gleason of the Baltimore baseball club and Johnny Murphy, the lightweight, were arrested at Camden Station for as saulting and beating Policeman Leary. McMahon, Baltimore's crack pitcher, was in Juj 08 seq ng scrept one Minister of Interior M. Dupuy, also prem er, has ordered the expulsion from France of six Spanish toreadors, who took part in the bull-fights at Nimes, department of Gard, at which bulls were killed in defiance of the law prohibiting such conA 1vices received at the Mexican legation here are to the eff ct that the boundary dispute between Mexico and Guatemala, which for a time severely strained the friendly relations between the two countries, has at length been adjusted on terms satisfactory to both nations. The Buffalo County National bank at Kearney. Neb., has closed. The closing 1801886 000'61$ B sq pesneo SEM the Sands Clothing House, in which the bank was interested, and a couple of directors demanding deposits. The Sands


Article from The Diamond Drill, October 20, 1894

Click image to open full size in new tab

Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. AT an incendiary tenement house fire in Boston two men leaped to death and two others were fatally hurt. FIVE men were killed, two fatally hurt and several more seriously burned by a boiler explosion at Shamokin, Pa. CORBETT and Fitzsimmons signed articles to fight after July 1, 1895, at Jacksonville, Fla., for a purse of $41,000 and $10,000 a side. THE steamer Hartford went upon the rocks near Woodville. N. Y., and Capt. O'Toole and his crew of six men were lost. MAJ. GEN. SCHOFIELD, in his annual report to the secretary of war, asks for an increase in the national forces, says state troops are not enough and that the government should be allpowerful against uprisings. IN a pacing race between Robert J. and Joe Patchen at Sioux City, Ia., the former won three straight heats, making the last one in 2:03 1/4. AT the annual session in Evansville, Ind., of the American Humane SO ciety J. J. Shortall, of Chicago, was reelected president. JULIUS LICHTENBERG, a Detroit school inspector indicted for receiving a bribe, shot himself fatally. J. J. P. ODELL, of Chicago, waselected president of the American Bankers' association in session at Baltimore. NATHAN GREEN, Elsworth McAfee and William Green perished in a burning hay mow in Mercer county. FURIOUS gales swept Lake Erie and lower Lake Huron, disabling several large boats and injuring a number of sailors. CHARLES B. ALLEN, alias Harry Conrueq JO Sues B 10 Inader 'ABM' lers, arrested in Chicago and confessed his crimes. OFFICIAL estimates of the wheat -usnq 18 1! place only u! do.re els, the largest in the state's history. THE First national bank of Kearney, Neb., suspended because unable to make collections. ON account of the failure of the corn erop all the hogs in Nebraska were being shipped into states where feed can be secured. THE exchanges at the leading clearing houses in the United States during the week ended on the 12th aggregated $927,428,877, against $999,555,197 the previous week. The increase, compared with the corresponding week in 08 SEAL '8681 NEGRO Catholies, in national convention at Baltimore, petitioned the president to protect colored men. THE report of Commissioner of Pensions Lochren for the fiscal year ended June 30, 1894, shows that the number of pensioners on the rolls at that time was 959,544 The amount paid for pensions during the year was $139,804,461, leaving a balance in the treasury of $25,305,713 of the appropriation. THERE were 231 business failures in the United States in the seven days ended on the 12th, against 219 the week previous and 393 in the correspondS681 up thin Suz ONLINE paced an exhibition mile at Sioux City, Ia., in 2:04, lowering his own world's record of 2:07 1/4. THE striking spinners at Fall River, Mass., voted to accept a reduction of 10 per cent. and return to work. PROF. DAVID SWING'S death ends the organization in Chicago of the Central church. No successor will be named. Gov. MITCHELL says he will convene the Florida legislature if necessary to prevent the Corbett-Fitzsimmons fight in that state. A LABOR parliament will be held in Chicago on November 13, at which the relations of labor and capital will be discussed by leading thinkers from all standpoints with a view to bettering present conditions. THE schooner Sea Foam capsized at Shears, in the Delaware bay, and the captain and crew of five men perished. DECEMBER wheat sold down to 56% cents in New York, the lowest price in the history of the market there. THE Buffalo county national bank at Kearney, Neb., closed its doors. SEVEN masked robbers held up a fast mail train near Quantico. Va., and rifled the express car and mail pouches, securing probably $50,000. FURTHER advices state that the two bandits who robbed the Overland express near Sacramento, Cal., secured between $50,000 and $75,000. WHOLESALE grocers of Chicago are leaders in a revolt against the sugar trust which is spreading over the entire country. THE will of Richard Smith, the wealthy typefounder, leaves more than $1,000,000 to the city of Philadelphia. G. W. HOWARD. vice president of the American Railway union, had his pocket picked in Chicago of a book containing forty railroad passes. THE federal grand jury at Madison, Wis., found indictments against fiftyeight persons charged with stealing land. ARMED tramps took possession of


Article from The Representative, October 24, 1894

Click image to open full size in new tab

Article Text

READ THIS. The Good Times Are Here-Second In Two Days. Kearney, Neb., Oct. 12.-As a sequel to the First National bank's failure yesterday. the Buffalo County National bank in this city failed to open its doors this morning. The officers refuse to make a statement. July 18, the following report was made: Capital stock, $100,000; surplus, $35,000 of rediscounted bills, $15,000 old real estate mortgages. A commercial agency, speaking of the failure, says: "It will be several years, owing to the nature of its assets, before the Buffalo county bank pays out in full, should it succeed in doing so at all." Oh, the good times are coming! Of course they are. The tariff is doing it! And the repeal of the Sherman act! And the mortgages are being paid off-by foreclosures. And here we have some more of it. "The year 1893, says the Railway Age, witnessed the passing of an unprecedentedly large number of railroads into the charge of receivers appointed by the courts, and 1894 seems likely to stand second in that of bad preeminence. Since the publication of the statement for the six months of this year nine roads, with 2,266 miles of lines, and representing bonds and stocks to the amount of over $101,500,000, have undergone that process, and these added to the list reported for the six months make a total for the nine months from Jan. 1, to Oct. 1, of 32 roads, aggregating 6,254 miles in length, with a funded debt of $184,078,500 and capital stock of $176,578,000, or a total of $361,656,500, for which receivers have been appointed on account of default in payment of interest on their bonds. The greater part of the mileage and liabilities in the table for the last three months is made up by the, addition of two lines controlled by the Union Pacific, which company went into bankruptcy last year. The work of reorganizing bankrupt roads by means of foreclosure and purchase for new organizations has gone on rapidly this year, During the last three months fifteen roads, with 3,187 miles of line and over $180,000,000 of bonds and stock, have passed through this process, nine of them going toward making upthe new Southern railway company. Added to previous figures for six months: they give a total of thirty-one aggregating 4.503 miles and representing nearly $257,000,000 of securities which have appeared under new names and ownership during the nine months just passed. And our readers will observe that when a railroad goes into bankruptcy the watered stock does not disappear; it is tenderly preserved and saddled upon future generations. How different is the treatment accorded to the citizens of the country, who make the laws-or think they do. If they cannot pay their debts they go to, the wall, and their property is swept away. Why would it not be a good plan for the next Legislature to abolish mortgage foreclosures, and


Article from Evening Star, November 12, 1894

Click image to open full size in new tab

Article Text

Receiver Appointed. The controller of the currency today appointed Mr. Henry E. Lewis receiver or the Buffalo County National Bank of Kearney, Neb., which suspended payment October 11, 1894. Mr. Lewis is also receiver of the First National Bank of Kearney, which failed October 10, 1894.


Article from The Guthrie Daily Leader, November 13, 1894

Click image to open full size in new tab

Article Text

Receiver for Two Broken Banks. Washington, Nov. 12.-The ecraptroller of the currency has appointed Henry E. Lewis receiver of the Buffalo County National bank of Kearney, Neb., which suspended October 11. He is also receiver of the First National bank of Kearney, which failed October 10.


Article from Omaha Daily Bee, April 19, 1895

Click image to open full size in new tab

Article Text

Changes in the Platte Institute. KEARNEY, Neb., April 18.-(Special.)Prof. C. A. Murch, who has had charge of the Platte institute since its opening, has resigned his position and will sever his connection with the institution at the close of this present term. Prof. Harry Russell of Chadron has been engaged to fill the position vacated by Prof. Murch. Messrs. H. H. Stoddard and H. D. Watson have made arrangements for handling and raising chickens and poultry of all kinds on an extensive scale. The business will be conducted under the name of the Watson & Stoddard Poultry company and the principal place of business will be on the Watson ranch three miles west of town. The building formerly occupied as a plow factory will be transferred into a vast hatching house and chicks will be hatched by the thousands by the incubator process. Stoddard is one of the poultry men of the United States, having had the experience of a lifetime. and is the publisher of the Poultry World and the Poultry Yard, besides being the author of a book on poultry breeding. It is expected that this will develop into one of the leading industries of the county. The receiver of the First National bank and the Buffalo County National bank has just sent out notices of assessment on the shares of stock in these banks. The assessment on the First National calls for 96 per cent and the one on the Buffalo County National 82 per cent. The indications for a large crop in Buffalo county were never better than they are now. The land is in splendid condition and everything is favorable. There is a large acreage of small grain being put in and farmers are feeling quite hopeful and happy. Yesterday was the fiftieth birthday anniversary of Rev. John Powers, pastor of the Congregational church, and his friends celebrated the event by calling on him and presenting him a handsome rocking chair. The presentation was made by C. B. Finch.


Article from The Columbus Journal, December 11, 1907

Click image to open full size in new tab

Article Text

The State Capital Matters of General Interest FROM Nebraska's Seat of Government Auditor Searle's Report. The semi-annual report of State Auditor Searle for the period from June 1 to November 30, 1907, shows the out standing warrants at this time amount to $1,475,070.81; warrants issued during that period, $1,048,445.18; warrants paid during that period, $1,269,360.38. This shows that warrants to the amount of $220,915 have been paid off in excess of the warrants issued, but this is due to the heavy payment of wararnts issued against the temporary school fund. This issue was made last May, the amount being $457, 829. The warrants were paid just after June 1, bringing the payment in this six months' business and the is suance in the preceding period. As a matter of fact, the outstanding general fund warrants drawing interest amount to a greater sum than six months ago. June 1 the general fund warrants drawing interest amounted to $1,183,544, while at this time the amount is $1,385,$64, a difference of $201,520. This, however, was to have been expected, and is no indication that the state debt is increasing. The large appropriations of the last legislature have been paid during the last six months, while the collections are always less for this period of the year. During the next six months the collections wil be larger and the amount of warrants issued less. Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: Capital National bank of Lincoln, First National bank of Orleans, Merchants Bank of Lincoln, Globe Loan and Trust company of Omaha, Buffalo County National bank of Kearney:


Article from Custer County Republican, December 19, 1907

Click image to open full size in new tab

Article Text

The State Capital Matters. of General Interest FROM Nebraska's Seat of Government Auditor Searle's Report. The semi-annual report of State Allditor Searle for the period from June 1 to November 30, 19C7, shows the outstanding warrants at this time amount to $1,475,070.81; warrants issued during that period, $1,048,445.18; warrants paid during that period, $1,269,360.38. This shows that warrants to the amount of $220,915 have been paid off in excess of the warrants issued, but this is due to the heavy payment of wararnts issued against the temporary school fund. This issue was made last May, the amount being $457, 829. The warrants were paid just after June 1, bringing the payment in this six months' business and the is suance in the preceding period. As a matter of fact, the outstanding general fund warrants drawing interest amount to a greater sum than six months ago. June 1 the general fund warrants drawing interest amounted to $1,183,544, while at this time the amount is $1,385,$64, a difference of $201,520. This, however, was to have been expected, and is no indication that the state debt is increasing. The large appropriations of the last legislature have been paid during the last six months, while the collections are always less for this period of the year. During the next six months the collections wil be larger and the amount of warrants issued less. Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: Capital National bank of Lincoln, First National bank of Orleans, Merchants Bank of Lincoln, Globe Loan and Trust company of Omaha, Buffalo County National bank of Kearney: