Article Text
Another Bank Busted. KEARNEY, Neb., Oct. 11.-The First National bank suspended payment, and closed doors this afternoon.
13165. First National Bank (Kearney, NE)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 2806
- Charter Number
- 2806
- Start Date
- October 11, 1894
- Location
- Kearney, Nebraska (40.699, -99.081)
Metadata
- Model
- gpt-5-mini
- Short Digest
265aa531
Response Measures
None
Receivership Details
- Depositor recovery rate
- 36.7%
- Date receivership started
- 1894-10-24
- Date receivership terminated
- 1902-01-22
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 6.2%
- Share of assets assessed as doubtful
- 78.4%
- Share of assets assessed as worthless
- 15.4%
Description
Contemporary reports state the First National Bank of Kearney suspended payment on Oct 11, 1894 (one source notes Oct 10). Suspension was due to inability to make collections/realize on assets. A receiver (Henry E. Lewis) was appointed by the Comptroller of the Currency on Nov 12, 1894, indicating permanent closure. No article describes a depositor run prior to suspension.
Events (4)
1.
October 25, 1882
Chartered
- Source
- historical_nic
2.
October 11, 1894
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Directors posted that the bank suspended because of the impossibility of making collections or realizing on assets; also had requested a $25,000 loan which was refused, indicating liquidity/asset realization problems.
- Newspaper Excerpt
- This bank has suspended payment owing to the impossibility to make collections or realize on assets.
- Source
- newspapers
3.
October 24, 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. Mr. Lewis is also receiver of the First National Bank of Kearney, which failed October 10, 1894. (Evening Star, 1894-11-12).
- Source
- newspapers
Newspaper Articles (13)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Closed the Bank. KEARNEY, Neb,, Oct. 11.-The directors of the First National bank closed the doors today and ordered the following notice posted: "This bank has suspended payment owing to the impossibility to make collections or realize on assets." There is no special excitement. The other banks are not affected.
Click image to open full size in new tab
Article Text
Nebrrska Bank Closed. KEARNEY, Neb., Oct. 11.-The directors of the First National bank closed its doors today and ordered the following notice posted: "This bank has suspended payment owing to the impossibility to make collections or realize on assets. There is no special excitement. Other banks are not affected.
Click image to open full size in new tab
Article Text
A Bank Failure. KEARNEY, Neb., Oct. 11.-The directors of the First National bank closed its doors this evening and pested the following notice: "This bank has suspended payment, owing to impossibility to make collections or realize on assets." The bank had a capital of $200,000.
Click image to open full size in new tab
Article Text
Business Failures. KEARNEY, Neu., Oct. 11-The directors of the First National bank closed the doors today and ordered the following notice to be posted: "This bank has suspended payment, owing to the impossibility of making collections or realizing on the assets." There is no special excitement. Other. banks are not affected. The suspended bank was the largest in Kearney, its capital being $200,000.
Click image to open full size in new tab
Article Text
The Kearney First National Closed. OMAHA, Neb., Oct. 12.-The First National bank of Kearney suspended at noon to-day, after asking and being refused a loan: of $25,000. No statement is made, but deposits are estimated at over $400,000. Impossibility to collect and to realize on assets at present is the reason given. Dr. Price's Cream Baking Powder World's Fair Highest Medaland Diploma.
Click image to open full size in new tab
Article Text
NEWS BOILED DOWN. Items of General Interest Placed in a Few Lines. Representative John T. Dunn was renominated to-day for congress by the Eighth (Mass) district Democrats. The Democrats of the Sixth (N. J.) district to-day renominated Representative T. B. English for congress. Auguste Jean, a coulissur or outside stock broker of Paris, has absconded, leaving liabilities amounting to a million francs. The elections in the State of Rio Grande do Sul, Brazil, have passed without any disturbance. The government candidates were victorious. In addition to the sudden indisposition of Prince Bismarck, which called Dr. Schweninger to Varzin, the condition of Princess Bismarck has become such as to cause uneasiness. The most prominent politicians and military leaders of Nicaragua have conferred with President Zelaya and Minister Baker. As a result energetic measures will be taken against any attempt at revolution. Admiral Avelan, with a squadron of four Russian warships and several Greek ironclads. cruisers and torpedo boats are proceeding to Corfu, where they will remain during the stay of the czar upon that island. At Kearney. Neb., the directors of the First National bank closed the doors and posted the following notice: "This bank has suspended payment owing to impossibility to make collections or realize on the assets." At the New York striking cloakmakers' mass meeting last night nearly 2,000 people assembled about the square. Several violent speeches were made and the speakers became riotous. The police dispersed the crowd after a lively tussle in which clubs were freely used. The Eastern Pennsylvania conference of the United Evangelical church, composed of the adherents of Bishop Dubs, adjourned at Reading last evening. It is expected that 100 congregations will ally themselves with the new denomination. It is reported that W. A. Chong, a Chinese merchant of Seattle, is trying to purchase the steamer City of Seattle, of the Puget Sound and Alaska Steamship company, with the intention of sending her to China to carry troops to Corea. Her register tonnage is 830 tona.
Click image to open full size in new tab
Article Text
The News Condenseu. Important Intelligence From All Parts DOMESTIC. GOVERNMENT returns for October show a slight gain in the percentages of crops excepting cotton. all destroyed the establishments of and FIRE Cleveland Foundry company the Enterprise Desk and Stamping being company the in Cleveland, the loss $125,000. LEVI P. MORTON has written republican a letter formally accepting the New York. nomination for governor of American annual meeting of the commenced THE of foreign missions Madiboard in the Congregational church at son. Wis. L, the last of the Indian comTROOP has been disbanded, the gov- solpanies, ernment considering them poor diers. twentieth annual convention was of THE American Banker's association members opened the in Baltimore with 300 present. excitement prevailed at San MUCH Col., over the loss by drowning including Pedro, of a party of four citizens, the postmaster. explosion in a mill at Dexter, AN killed three men and seriously were wounded Mo., another. The killed brothers named Johnson. THE twenty-fifth annual Beekeepers' convention the North American Mo. of association met at St. Joseph, TWENTY-FIVE railroad men, includ- the E. V. Debs, were indicted by ing federal grand jury in Milwaukee. THE American Debenture company concerns Chicago. one of the largest into of kind in the country, went liabilities the of its hands of a receiver with of $1,500,000. VAN TAYLOR, of Detroit, leavGEORGE committed suicide in jail, to Mich., letter in which he confessed having ing a committed twelve murders. the annual convention of held repub- in AT league clubs of Illinois, of Irolican Springfield. C. W. Raymond, quois county, was elected president. THE eighteenth annual meeting con- of the American Humane association vened at Evansville, Ind. unfinished building in New York AN blown down by the wind, thirteen killing was six persons and injuring others. MRS. MILLER, wife of Lon Miller, and a farmer near Liberty, Ill., killed wealthy her 10-year-old daughter were robbers. by AMES MYSON for the murder of Dud- the Carrey and Jackson Hicks for ley murder of James Preel were hanged at Union Springs, Ala. incendiary tenement house to AT an Boston two men leaped death fire in and two others were fatally hurt. Lakeport stage was held up Cal., by lone THE bandit near Pieta Station, a the Wells-Fargoexpress box stolen. and men were killed, two fatally FIVE and several more seriously burned Pa. hurt by boiler explosion at Shamokin, CORBETT a and Fitzsimmons signed ar- at to fight after July 1, of 1895, $41, Jacksonville, ticlee Fla., for a purse 000 and $10,000 a side. THE steamer Hartford went upon and rocks near Woodville. N. Y., were lost. Capt. the O'Toole and his crew of six men MAJ. GEN. SCHOFIELD, in his annual asks to the secretary of war, forces. increase in the and an troops are not allreport for says state national should enough be that the government powerful against uprisings. IN a pacing race between Robert Ia., J. Joe Patchen at Sioux City, heats, and the former won three straight making the last one in 2:03 1/4. AT the annual session in Evansville, so of the American Humane ciety Ind., J. J. Shortall, of Chicago, was reelected president. JULIUS LICHTENBERG a Detroit school receiving a inspector indicted for bribe, shot himself fatally. J. J. P. ODELL, of Chicago, waselect- Bankers' ed president of the American association in session at Baltimore. NATHAN GREEN, Elsworth McAfee burnand William Green perished in a ing hay mow in Mercer county. FURIOUS gales swept Lake Erie and lower Lake Huron. disabling several of large boats and injuring a number sailors. CHARLES B. ALLEN, alias Harry swind Conleader of a gang of bank conlers, way, was arrested in Chicago and fessed his crimes. OFFICIAL estimates of the wheat bushin Ohio place it at 50,852,483 crop els, the largest in the state's history. THE First national bank of Kearney, to Neb., suspended because unable make collections. account of the failure of the corn ON all the hogs in Nebraska were feed crop being shipped into states where can be secured. THE exchanges at the leading clearhouses in the United States during ing the week ended on the 12th aggregated 927,428,877 against $999,555,127 the previous week. The increase, com in pared with the corresponding week 1893. was 8.0. NEGRO Catholics, in national conven tion at Baltimore, petitioned the president to protect colored men. THE report of Commissioner of ended Pen sions Lochren for the fiscal year number of pensioners on the rolls at that June 30. 1894, shows that the time
Click image to open full size in new tab
Article Text
Mrs. Jetta Swarts died in Chicago at the age of 105 years. Snow fell in many counties in Pennsylvania to the depth of 8 inches. The Merced bank at Merced, Cal., closed its doors with heavy liabilities. The Tabor Amusement company at Denver assigned with liabilities of $275,000. The First national bank of Kearney, Neb., suspended because unable make collections. In the Belgian election* the liberals met with defeat. surprising gains were made by the socialists. Black dipntheria was raging in the India gas belt, especially in AnderSed, Elwood and Middletown. The new issue of postage stamps was rapidly being disposed of, the government sending out 20,000,000 a day. Experiments at an Omaha distillery of making spirits from beet sugar molasses have proved very successful. Louis Gimm, of Cleveland, rode 383 miles 1,490 yards in a day on his bi, cycle. surpassing Spooner's record. Edward Crate, one of the pioneers of the far northwest, and the original settler at The Dalles, Ore., is dead. In the recent storm on the gulf coast fifteen fishermen lost their lives on Sand island, near Apalachicola, Fla. Chester Hill, an Ohio village, was almost wiped out by fire. The loss will reach $75,000, with no insurar. is Frank McIntyre, James word and Frank Britton, of New Brighton. N Y., were drowned by the capsizing of a boat. The French press is urging the gov ernr ent to declare war on Madagas car and immediately blockade its prts. Thomas B. Reed, of Maine, opened the republican campaign in New York with a protection address at Cooper union. The directors of the Washington Park club in Chicago decided to aban don racing, but will maintain the club house. Henry H. Green, a classmate of Gen. Grant at West Point and a Mexi can war veteran, died at Mora, N. M. aged 71. Otto Zeigler rode a mile in 1:50 at Sacramento. Cal., reducing Johnson's world's bicycle record three-fifths of a second. A stranger distributed about $400 in worthless old Indiana state bank notes at Anderson, Ind., and disap peared. Twenty-one persons were seriously injured and property worth $40,000 de stroyed by a train collision at New Orleans. William Pattison, an escaped madman, entered a church at York, Pa. and stampeded the congregation by firing right and left. T. L. Dixon, an ex-state official of Kansas, makes affidavit that Mrs. Mary E. Lease urged him to steal $20,000 from the state. Letter Carrier Smith rode from Chi cago to New York on his bicycle in ? days 14 hours and 5 minutes, lowering his own record. The post office at New Albany, Ind. was robbed during the noon hour of $4,000 in stamps and several hundred dollars in cash. Charles B. Allen, alias Harry Con way, leader of a gang of bank swind lers, was arrested in Chicago and con fessed his crimes. During a riot among drunken Slavs at Maltby, Pa., a boy was shot dead. two girls fatally wounded and two persons badly hurt. Willis Griffey (colored). charged with assault on Miss Leha Berry (white). was taken from jail at Princeton, Ky by a mob and hanged. Col. Breckinridge was suspended from communion by the congregation of Mount Horeb (Ky.) Presbyterian church until February. John Joy, who robbed a man of five dollars, was sentenced to prison for life by a San Francisco judge under the habitual criminal act. Through a sign announcing world's fair goods for sale the Chicago police captured Miss C. H. Siske, who had stolen vast quantities of goods from hotels. Mrs. Elizabeth Zang. who. after
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
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.
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.
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.