642e2202Full suspension
Other: Multiple episodes: initial rumor-driven run and suspension (Dec 1894) with reopening (Jan 1895), followed by a later suspension/failure (Sept 1895) and appointment of a receiver; later dividends paid by receiver in 1896.
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A Bank in Karny suspends KEARNEY. Neb., Dec. 13.-The Kearney National bank closed its doors this morning. The liabilities as far as known are about $125,000; the county loses $10,000 and the city $2.000. The suspension was caused by a rumor set afloat three or four days ago. when it was alleged that a couple of directors made large transfers of property.
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A NEBRASKA BANK FAILS. Inability to Make Collections Force sa Suspension. Kearney, Neb., Dec. 13.-The Kearney National Bank was closed this morning owing to inability to make collections. The officers refuse to make a statement of the liabilities, but claim they will be paid. The bank had $10,000 of county money. Two other national banks failed about a month ago. The Kearney National was thought to be perfectly sound.
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CLOSED ITS DOORS. A National Bank Driven to the Wall by a Street Rumor. KEARNEY, Nebr., Dec. 13.-The Kearney National Bank closed its doors this moroing. The liabilities, as far as can now be ascertained. are about $125,000. The county loses $10,000 and the city $2000. The suspension was caused by a rumor set afloat three or four days ago, when it was alleged a couple of the directors made large transfers of property.
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NEWS ITEMS. Earthquakes are still shaking the New Hebrides. Another break in the Russian ministry-Tchikhatchoff has resigned. There will be a big entertainment at the Ohio penitentiary. Christmas. W. L. Corrigan, a brother of Archbishop Corrigan, has become insanc. The Coshocton (0.) opera house was badly damaged by fire Friday morning. Baroness De Rothschild. widow of the late head of the Frankfort house, is dead. Mrs. Ida Netzen drowned herself and two small children at Omaha. Demented. A young Negro, who outraged a white girl near Hope, Ark., was lynched. The president's family has abandoned Woodley and moved into the white house. Earlham college. Richmond, Ind., has passed a rule making gymnasium work compulsory. A freight train near Sioux City ran into a drove of cattle and killed twenty-two without being derailed. Bowling Green (Ky.) bakers have a bread war on. and as a result two loaves are being sold for five cents. At Pomeroy, O., Robert Campbell, aged 55, was killed in the Coal Ridge mine by a fall of slate. He leaves a family. The Kearney (Neb.) national bank has failed. The officers refuse to make a statement. The bank had $10,000 of county money. Controller Eckels has appointed J. Leslie Thompson, of Sioux Falls. S. D., receiver of the Citizens' National bank, of Madison, S. D. The jury found George Laneham, of Lime Springs, Ia., guilty of conspiracy to bribe the Cresco board of pensions' examing surgeons. As the result of a newspaper advertisement and subsequent correspondence, G. E. Wright, of Heppner, Ore., married Minnie E. Green, of Cadiz, O. John M. White, one of the most prominent men of West Virginia, is dead at St. Cloud. For three weeks he conscious and without food or drink. Elkhart (Ind.) citizens are patitioning the city council to compel the electrie railway company to use iron trolley posts through the business portion. The National Water Purifying Co. of New York, filed suit against the New Orleans Water Works Co. for $134,500, the alleged value of a filter plant. Co-operative colonies of unemployed workmen from Pittsburgh are to be established in West Virginia. Similar colonies will also be started in Michigan, The statement of the Atchison railroad for the first week in December shows a decrease of $26,210 as compared with the receipts for the same month last year. A masked mob at Fort Jones, Cal.. took Wm. Dean, an Indian who murdered Wm. Barmore, from the custody of Constable Dixon and hanged him to a derrick. The directors of the Western Union Telegraph Co., at their meeting Wednesday, declared the regular quarterly dividend of 1/4 per cent., payable January 1, 1895. Judge Dallas filed an opinion in the United States circuit court, at Philadelphia, granting a motion for receiver for the Mutual National Bank and Investment Co. An assassin shot at Sam Lazzio in his bed at Houston, Tex., but fatally wounded his little daughter. Assailant supposed to be a Negro who had quarreled with Lazzio. Third Vice President Baldwin, of the Southern Railway Co., says he has no fear whatever of a strike of the employes on the system as a result of the time and pay schedule. Daniel M. Robertson, a carpenter, 49 years old, born at Fredericton. Prince Edward's Island, of respectable parents, was hanged Friday for the murder of his wife, September 9, 1893. In the United States court of appeals at Chicago, President Geo. McDonald, of the Guarantee Investmentand Bond Co., was remanded to the custody of the marshal to serve eleven months in jail. W. B. Simpson, a prominent jeweler of Holden, Johnson county, Mo., died Wednesday morning of a broken heart. His 18-year-old son was convicted of embezzlement and sent to prison for two years. A petition formidable in size, numbering 133 printed pages, consisting largely of exhibits and signed by Wm K. Tubman, was Friday presented in the house for the enforcement of the anti-trust law. The democrats of Muncie, Ind., held an election Wednesday and selected as their next postmaster Edward Tuhey who received over half of the 1,082 votes cast. Ephraim Smell and Eugene Kelly were the other candidates. The directors of the American Bell Telephone Co. Wednesday declared the regular quarterly dividend of 3 per cent., and an extra dividend of 1½ per cent., the latter "out of the surpius earnings of the six months ending December 31." Sam Ford. who lives in Noxubee county, Miss., ten miles from Macon, enraged because his wife refused to live with him, sent a bullet through
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Kearney Bank Resumes. WAHINGTON, Jan. 16.-The Kearney national bank, of Kearney, Neb., which suspended payment Dec. 13, 1894, having fully complied with the conditions imposed by the comptroller of the currency, and the capital stock now being unimpaired, was today permitted to resume business.
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KEARNEY BANK REOPENS. Washington, Jan. 16.-The Kearney National bank, of Kearney, Neb., which suspended payment December 13, 1894, having fully complied with the conditions imposed by the comptroller of the currency, and the capital stock being unimplaired, was today permited to reopen its doors for business.
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NEWS ITEMS. Ga.. is in the throes of a ! will reduce the price of bread from live cents to three cents At Gallipolis, O., Silverman, Levi & Co., wholesale liquor dealers, donated one hundred loads of coal to the poor of that city. Wm. L. Reed. aged 76 years, one of the wealthiest citizens of Danville, Ky., died Wednesday at Orlando, Fla., of heart disease. The Kearney national bank. of Kearney, Neb., which suspended payment December 15, 1894, has been permitted to resume business At Gallipolis, O,, Abraham Jeffers, veteran of the Thirty-sixth 0. V. I., familiarly known as "Uncle Abe." died at the age of 80 years. *** Ex-County Commissioner Joseph H. Blake. a well-known demoeratic lawyer. died in Terre Haute Ind. He carried $25,000 life insurance Among the appointments to the Military academy just inade are: Albert M. McClure, Humphrey. Ky.; Frank W. Cooley, alternate. Williamsburg. Ky. At Elkhart. Ind.. Thomas J. Beckwith shot and killed his wife and then committed suicide because she went to a church entertainment against his wishes. Hon Senator Tasse, Canadian commissioner to the Chicago World's fair. and an ex-member of parliament, died at Montreal. Thursday, after a long illness. Joseph Vernon Whittaker, a veteran of the civil war in the United States and formerly attached to the staff of al Philadelphia newspaper, is dead in London. Representative MeNagny has introduced in the house n bill to remove the charge of desertion from the record of James Hennessey, of Concord. DeKalb county. Ind. William Waldorf Astor has made a contribution of $5,000 to the police pension fund for services rendered at the funeral of his wife in New York a few days since. William B. Cecil died suddenly at his home in Boyle county. KyO from an acute attack of Bright's disease. He was one of the largest land owners in central Kentucky. The democratic caucus of the item Virginia legislature Wednesday night nominated Hon. Johnson L. Camden to succeed himself as U. S. senator. Two ballots were taken. Pittsburgh capitalists are examining some fine springs Mansfield O,,with the intention of locating a large artificial ice plant there to supply the Pittsburgh market. Peru, Ind., intends to enforce the law in the future, so far as saloons and gambling are concerned. This was decided upon at a mass meeting of citizons Thursday night. William A. Beach, another of the men charged with the theft of 70,000 postage stamps from the Burcau of Printing and Engraving. was found guilty, with a recommendation to mercy. Joseph Shorett, f-breed who was born two years before the United States constitution was adopted. is dead at Fond du Lac. Minn. Shorett was born on Leech lake, 110 years ago, when the Indians had complete con trol. Edward Silch, the baseball player who last appeared with the Brooklyn team, died in St. Louis, Tuesday, and was buried there Wednesday. Deceased was married, but childless. His funeral was attended by ten league players residing there. Fire Inspector Cowie, of Chicago, was held to the grand jury under $1,500 bond, and his co-conspirator, Chin Tin, under $500 bond. Cowie and Chin Tin were charged with conspiring to indict two Chinamen, Ah Hung and Hong Sling, for arson. The Indiana encampment of the G.
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NEWS ITEMS. Atlanta. Ga.. is in the throes of @ : HS bekee will reduce the price of bread from five cents to three cents. At Gallipolis, O., Silverman, Levi & Co., wholesale liquor dealers, donated one hundred loads of coal to the poor of that city. Wm. L. Reed. aged 76 years, one of the wealthiest citizens of Danville. Ky., died Wednesday at Orlando, Fla., of heart disease. The Kearnev national bank. of Kearney, Neb., which suspended payment December 15, 1894, has been permitted to resume business. At Gallipolis, O,, Abraham Jeffers, veteran of the Thirty-sixth 0. V.I., familiarly known as "Uncle Abe." died at the age of 80 years. *** Ex-County Commissioner Joseph H. Blake. a well-known demoeratic lawyer. died in Terre Haute, Ind. He carried $25,000 life insurance. Among the appointments to the Military academy first inade are: Albert M. McClure, Humphrey. Ky.: Frank W. Cooley, alternate. Williamsburg. Ky. At Elkhart. Ind.. Thomas J. Beckwith shot and killed his wife and then committed suicide because she went to a church entertainment against his wishes. Hon Senator Tasse, Canadian commissioner to the Chicago World's fair. and an ex-member of parliament, died at Montreal. Thur day, after a long illness. Joseph Vernon Whittaker. a veteran of the civil war in the United States and formerly attached to the staff of a Philadelphia newspaper, is dead in London. Representative MeNagny has introduced in the house a bill to remove the charge of descrion from the record of James Hennessey, of Concord. DeKalb county. Ind. William Waldorf Astor has made a contribution of $5,000 to the police pension fund for services rendered at the funeral of his wife in New York a few days since. William B. Cecil died suddenly at his home in Boyle county. KWO from an acute attack of Bright's disease. He was one of the largest land owners in central Kentucky. The democratic caucus of the ilent Virginia legislature Wednesday night nominated Hon. Johnson L. Camden to succeed himself as U. S. senator. Two ballots were taken. Pittsburgh capitalists are examining some fine springs Mansfield with the intention of locating a large ficial ice plant there to supply the Pittsburgh market. Peru, Ind., intends to enforce the law in the future, so far as saloons and gambling are concerned. This was decided upon at a mass meeting of citizons Thursday night. William A. Beach, another of the men charged with the theft of 70,000 postage stamps from the Burcau of Printing and Engraving. was found guilty, with a recommendation to mercy. Joseph Shorett, f-breed who was born two years before the United States constitution was adopted. is dead at Fond du Lac. Minn. Shorett was born on Leech lake, 110 years ago, when the Indians had complete control. Edward Silch, the baseball player, who last appeared with the Brooklyn team, died in St. Louis, Tuesday, and was buried there Wednesday. Deceased was married, but childless. His funeral was attended by ten league players residing there. Fire Inspector Cowie, of Chicago, was held to the grand jury under $1,500 bond, and his co-conspirator, Chin Tin, under $500 bond. Cowie and Chin Tin were charged with conspiring to indict two Chinamen, Ah Hung and Hong Sling, for arson. The Indiana encampment of the G. A. R. will be held at Muncie in March, at which time the question of introducing patriotic songs and patrotic history into the public schools will be consid-
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GOT PINCHED IN THE PANIC. And that's what Ails the Kearney, Neb. National Bank. Omaha, Neb., Sepa. 13.-A special to the Bee from Kearney, Neb., says: The Kearney National bank closed its doors for business this morning. The county loses about $5,000 and the city $400. There is a party here examining the condition of affairs and if favorable he will take a controlling interest and the bank will be reopened. Otherwise a receiver will be asked for. Omaha, Neb., Sept. 13.-The Bee is informed by one of the commercial agencies that a party of eastern capitalists stopped over in this city on their way to Kearney and that the men composing the party have practically decided to purchase the Kearney National bank, place it upon a firm financial footing and reopen it immediately. The bank was one of those caught in the panic. It reopened with the beginning of the present year, but the men back of it had too many difficulties to contend with to make the venture a profitable one.
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FAILED A SECOND TIME. The Kearney National Bank Unable to Pay Its Debts. KEARNEY, NEBR., Sept. 13.-The Kearney National Bank is in trouble again, and failed to open its doors this morning. The bank failed once before, some time in December last, and was allowed to resume business by the Comptroller by issuing time certificates to the depositors payable in six, eight and twelve months. The trouble is not thought to be from depositors this time, but rather frem outside creditors, as their last statement shows something like $60,000 rediscount, and owing to slow collections they were not able to pay interest. A man by the name of Emmett from Chicago is here negotiating with the directors and stockholders with a view of purchasing a controlling interest, and is now looking over the papers of the bank. If a deal is made the bank will reopen; if not, it will be closed and a receiver asked for.
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Bank Fails But Will Reopen OMAHA, Neb., Sept. 13.-A special to the Bee from Kearney, Neb., says: The Kearney National bank failed to open its doors for business this morning. The county loses about $5000 and the city about $400. There is a party here examining the condition of affairs, and if favorable he will take a controlling interest and the bank will be reopened, otherwise a receiver will be asked for. The Bee is also informed by one of the commercial agencies that a party of eastern capitalists stopped over in this city on their way to Kearney, and that men composing the party have practically decided to buy the Kearney National bank, place it on a firm financial footing and reopen it immediately. The bank was one of those caught in the panic.
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OMAHA, Neb.-A special to the Bee from Kearney, Neb., says: The Kearney National bank failed to open its doors for business this morning. The county loses about $5,000 and the city about $400. There is a party here examining the condition of affairs and if favorable, he will take a controlling interest and the bank will be reopened, otherwise a receiver will be asked for.
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true the gold reserve at the close amount of business of today was $95,948,877. WASHINGTON.-The treasury department is advised of the deposit of $100,000 in gold in exchange for currency by the National Bank of Commerce of St. Louis through its New York correspondent. WASHINGTON-Acting Secretary HamIin today sent a telegram informing the 400 negroes quarantined at Eagle Pass, Tex., that the government has no appropriation from which could be paid their expenses to their homes in Alabama. WASHINGTON.-Past Assistant Surgeon Arnold, at present on duty on the Petrel, at Foo Chow, China, has been ordered to investigate the plague in China and the cholera in Japan. WASHINGTON.--The comptroller of the currency today appointed Mr. Robert Payne, of Nebraska City, Neb., receiver of the Kearney National Bank of Kearney, Neb., which suspended payment on the 13th inst. MORRIS, III.-The will by which over $20,000 was conveyed in the estate of the late Marie Kennedy to Father Meehan, has been broken by a verdict in the circuit court, the evidence indicated fraud on Mehan's part. A new trial has been prayed for. SAN FRANCISCO.-The Oceanic steamer Monowai sailed today for Australia via Honolulu but she refused to take freight or passengers for Honolulu on account of cholera there. The United States mails were taken, however. CHICAGO.-Because of business trouble Frederick G. Wood, business manager of a paper devoted to the interest of a dry goods trade, drowned himself last night. He was an Englishman and his parents, who are wealthy, reside in London. SALINA, Kan.-Mayor J. T. Yaward, of this city, was arrested last evening. charged with misconduct in office. The mayor recently removed L. M. Tuttle, an old soldier, from the police force. and for this was arrested under the state statute making this action official misconduct. SAN FRANCISCO.-A sensational story was current today concerning a prisoner in the county jail who was said to be waiting an opportunity to kill Theodore Durrant, who is also in jail, while his trial is in progress for the murder of Blanche Lamont. The officials of the jail say that there is no truth in the story. JACKSONVILLE, Fla.-A Key West dispatch says the case of the alleged filibusterers captured by the Cutter Winona, on Wednesday, was heard by United States Commissioner Otto this morning. The testimony of the Cubans was to the effect that they were on a pleasure outing. After listening to the testimony Commissioner Otto discharged the Cubans as nothing whatever could be proved against them. I WICHITA, Kan.-A special to the Eagle tonight says that the creditors of the First State Bank of Perry, O. T., which failed a few days ago, have attached the court house of that county, claiming it as part of the property of the Richardsons, who are claimed to be responsibly connected with the bank. The court house was built by the Richardsons on a contract which still leaves it in their possession. It is said warrants are out for nearly verybody connected with the bank.
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WASHINGTON.-The comptroller of the currency today appointed Mr. Robert Payne, of Nebraska City, Neb., receiver of the Kearney National Bank of Kearney, Neb., which suspended payment on the 13th inst.
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Bank Receiver Appointed. The controller of the currency has appointed Mr. Robert Payne of Nebraska City, Neb., receiver of the Kearney National Bank of Kearney, Neb., which suspended payment on the 13th instant.
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The News Condensed. Important Intelligence From All Parts. DOMESTIC. MISS ANNIE LONDONDERRY, of Boston, the globe girdier who left Chicago on a bicycle a year ago last spring, arrived home two weeks ahead of her scheduled time. TWENTY-FIVE of the thirty bodies of the men who lost their lives in the Osceola mine fire near Houghton, Mich., were recovered. THE free-for-all class pacing race at Louisville for a purse of $5,000, with Robert J., Joe Patchen and John R. Gentry as starters, was won by Robert J., the best time being 2:04 %. STEPS were being taken by the grand lodge, A. O. U. W., of Missouri, to expel levery saloonkeeper and bartender. A PASSENGER train on the Santa Fe was held up by four masked men at Curtis Station, O. T., but the robbers got nothing. THE Iron exchange bank at Duluth, Minn, owned by the Merritts, made an assignment and will retire from basiness. Depositors will be paid in full. THE international yacht series in New York bay is at an end. The American yacht. Defender, sailed over the course alone, thereby winning the third and deciding race. The Valkyrie went to the starting point, crossed the line and then hauled down her'sails and quit. A HEAVY earthquake shock lasting ten seconds prevailed in lower East Tennessee along the North Carolina state line. No damage was done. A TORNADO destroyed the railway depot a Cape Vincent, N. Y., killing two persons and injuring several others. THE exchanges at the leading clearing houses in the United States during the week ended on the 13th aggregated $897,606,918, against $914,840,999 the previous week. The increase, compared with the corresponding week in 1894, was 17.0. CHARLES H. KEY was executed at Paris, Tex., for killing Smith Mebathlin in the Chickasaw Nation July 21, 1894. A WIND and hail storm did damage at Wooster, O., and vicinity to the extent of $300,000. MRS. EMMA RIGGS, aged 47, and her daughter, aged 19, were burned to death in Philadelphia. The clothing of the daughter caught fire, and the mother lost her in trying to save her child. THE withdrawal of $4,500,000 in gold from the treasury left the gold reserve in Washington at $96,268,574. THERE were 187 business failures in the United States in the seven days ended on the 13th, against 186 the week previous and 219 in the corresponding time in 1894. METHODIST conferences at Ann Arbor, Mich., Ottumwa, Ia., and Jacksonville, III., voted to admit women as lay delegates. THE eighth international conference of Young Men's Christian associations of the/United States and Canada opened at Clifton Forge, Va. FOREST fires were again raging in the vicinity of Atlantic City, N. J., consuming everything in their course. A vast amount of valuable timber and game land was being swept by the flames. FOR the second time in two years the Kearney (Neb.) national bank closed its doors, with liabilities of $96,000. CoL. ROBERT ALDRICH introduced a complete constitution in the convention at Columbia. Its most novel fenture was a provision that no negro shall hold office in South Carolina. FRANK MEYERS, a veteran of the late war, was notified at St. Joseph, Mich., that he had been granted a pension of $10 a month and when he heard the news he fell dead. DANDY JIM in a trot at Huntington, Ind. went the last heat in 2:11%. making a new world's trotting race record on a half-mile track. THE Columbia liberty bell left Chicago on its trip around the world. THE twenty-ninth encampment of the Grand Army of the Republic closed at Louisville with a grand barbecue. The Woman's Relief Corps elected Mrs. Elizabeth Turner, of Boston, as president. the Daughters of Veterans selected Mrs. Ellen M, Walker, of Worcester, Mass., as their president, and the National Association of ex-Prisoners of War elected as president George W. Grant, of Minnesota. THE percentagesof the baseball clubs in the National league for the week ended on the 15th were: Baltimore, 664; Cleveland, 631; Philadelphia, 608; Brooklyn, 542; Boston, .542; Pittsburgh, 543: Chicago, .542; New York, 529; Cincinnati, .517; Washington, 323; St. Louis, .305; Louisville, -250 BOLER & ROBINSON'S grain elevator and a large stock of grain which it contained was burned at Brooklyn, N. Y. Loss, $100,100. MELVILLE SCRANTON and Paul Schmitt, of East Saginaw, Mich., were drowned in Tupper lake, near Malone, N.Y.
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DIVIDENDS OF FAILED BANKS Together With Some Account of Fresh Commercial Smashes, Washington, Oct. 19.-The comptroller of the currency has declared dividends in favor of insolvent national banks as follows: Twenty per cent the First National bank of Bedford City, Va.; 20 per cent the Kearney National bank of Kearney, Nebraska; 20 per cent the First National bank of Port Angeles, Wash.; 15 per cent the Farmemrs' National bank of Portsmouth, Ohio; 10 per cent the First National bank of Corry, Pa.; 4½ per cent the City National bank of Hastings, Neb. Hartford, Conn., Oct. 19.-Judge Henry E. Taintor, receiver for the assigned banking firm of George P. Bissell & Co., today filed in the superior court a partial inventory which shows 800 depositors, with total deposits of $290,000. All assets that could be found Monday total $307,236.33, but the receiver is unable to give any approximate statement of the liabilities and aside from the fact that the failure is known to be a very heavy one, nothing has as yet been ascertained. Buffalo, N. Y., Oct. 19.-The Western New York Preserving and Manufacturing company, of Springville, the largest business concern of that village, has gone into the hands of a receiver. Statements made to the court show the assets to be $26,756; liabilities $167,373. Philadelphia, Pa., Oct. 19.-Coon Bros., wholesale cheese dealers, doing business at 29 Water street, made an assignment today for the benefit of their creditors. Stringency in the money market caused the failure. No statement of assets or liabilities was given out. Topeka, Kan., Oct. 19.-The Golden Eagle Clothing company, managed by S. Ettlinger, failed today. Assets and liabilities about $30,000 each.
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Defunct Bank Pays a Dividend Robert Payne, receiver of the old Kearney National Bank has issued a notice stating that a dividend of 10 per cent on the proved claims against the bank has been declared by the Comptroller of the Currency, payable Monday, October 26, to the claimant in person, on presentation of his receiver's certificate. This is the first dividend the receiver has declared. : nd it is expected now that the depositors will receive at least 50 I er cent. of their claims.
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Facts in the Case Another of the Many DemoPop Stories Prove to be Absolutely False Lincoln, Neb., Oct. 20, 1906. Tothe Editor of the REPUBLICAN: I ask space to give the facts concerning the false report that Norris Brown, republican candidate for United States senator, was indebted to the insolvent Kearney National Bank, at the time its affairs were settled, on notes due for money deposited therein by former State Treasurer Bartley, and that the state lost its money through Brown's repudiation, of hisnotes. Robert Payne, of Nebraska City, was receiver, and settled the affairs of this bank. He is a lifelong democrat, and his integrity is known throughout the state. To learn the exact truth I wrote him as follows: Lincoln, Neb., Oct. 17, 1906. Mr. Robert Payne, Nebraska City, Nebraska: DEAR SIR: It has been reported that Norris Brown had certain unpaid notes in your hands as receiver of the Kearney National