13195. Lincoln National Bank (Lincoln, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2750
Charter Number
2750
Start Date
December 14, 1931
Location
Lincoln, Nebraska (40.800, -96.667)

Metadata

Model
gpt-5-mini
Short Digest
66489cf8

Response Measures

None

Description

The 1931–32 articles describe a large robbery/holdup of the Lincoln National Bank that caused the bank suspend business following the holdup. Later reporting states the bank's assets have been sold and that stockholders/depositors will be made whole, indicating permanent closure rather than reopening. No explicit depositor run is described in the articles. An earlier 1895 mention in Article 1 refers to a different failure (Mosher-controlled bank) but is likely a separate historical event.

Events (4)

1. July 6, 1882 Chartered
Source
historical_nic
2. July 12, 1892 Voluntary Liquidation
Source
historical_nic
3. December 14, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large robbery/holdup of the bank (nearly $2,000,000 in negotiable securities stolen) that produced heavy losses and led the bank to suspend business.
Newspaper Excerpt
the heavy loss which caused the bank suspend business following the holdup.
Source
newspapers
4. January 7, 1932 Receivership
Newspaper Excerpt
As for the Lincoln National itself, its assets have been sold, but its stockholders and depositors who had securities deposited for safe keeping in its vaults will get them back. ... Mr. Barkley estimated the stockholders and depositors had stood to lose about equally indicating assets sold and bank wound up or closed permanently.
Source
newspapers

Newspaper Articles (4)

Article from The Red Cloud Chief, December 13, 1895

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Article Text

ODDS AND ENDS. F. P. Hadley, paper banger. Mrs. Mattie Sleeper is visiting in Omaha this week. Editor Warren has been fixing np his motor drain this week. Our merchants have some very fine Christmas displays this season. Another geod snow since our last issue of the Great Family Weekly. J. O. Lindley, the restauranter, has fine fresh oysters at 30c. per quart. Mrs. Hettie Bohanan of Lincoln is visiting at E. B. Smith's this week. OYSTERS-Go to the Bon Ton. Bulk oysters 25 cents per quart. 50 3t The Congregational Sunday-school gave a very fine concert last Sunday morning. By the crowded condition of our columns it will be seen that Christmas is near at hand. Bank examiner McGrew of Hastings was in the city this week making an examination of our banking institutions. He departed on Wednesday. Miss Sylvia Cook and Mrs. Mollie Nelander left on Tuesday evening for Hill City, Kansas, to visit a brother whom they had not seen for 20 years. Mr. Fuller of Campbell was doing business in Red Cloud this week. He called at these headquarters to rejoice over the recent republican victories. We are pleased to note that John Merril is up after having had a painful operation performed, for fistula which has been bothering him for six months. THE National Republican committee met this week and selected St. Louis as the proper place for holding the forthcoming National Convention, and June 16. 1896. as the date. Baring Chicago, St. Louis is the most acceptable city in the country for holding the convention. Mail route running from Inavale to Judson has been discontinued. It is a bad thing for people desiring to send mail into Kansas. To reach Judson, a distance of 12 miles. a letter put into this office has to go a distance of nearly 100 miles. getting there three or four days late. CAPT. HILL, ex-state treasurer, who was sued for the loss of $260,000 by the failure of the Lincoln National bank, controlled by Mosher, was decided not responsible in the matter, as he had ccmplied with the law in turning over the money and vouchers. The state will now have to look elsewhere for the money. It is $260,000 more to be charged to the populist legislature of two years age, who passed the depository act, thus relieving the treasurer's bondsmen in a manner.


Article from Fremont Tribune, December 14, 1931

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Article Text

OF BONDS IS EXPECTED Recovery of Lincoln Bank Robbery Loot Promised By a Chicago Gangster WINKLER GOES FREE Most of Stolen Securities Were Burned, Claim of Underworld LINCOLN Dec. hope that securities the $2,500,000 robbery the Lincoln National bank may yet returned was voiced by Barkley, director the bank, on his return from ChiBarkley said Gus Winkler, former lieutenant the Capone gang Chicago, leased from robbery charges connection with holdup will attempt to the stolen bonds "as soon as posWinkler, several weeks ago, had offered return the stolen securities exchange for release from the robbery charge. He offered spend $75,000 his own money secure their return. The Chicago gangman denied involved robbery here told officers the bonds to through admitted underworld County Prosecutor Max Towle rejected offer. Winkler, fearing would not get fair trial, disclosed his alibi. Towle his claims, them and dismissed the charges. was not known whether Winkler would the to return the stolen Barkley conferred in Chicago with WinkWhile time was specified return of the bonds, Barkley they would turned possible. Winkler has also agreed to furhish to the effect that nearly of nonnegotiable securities taken in bank raid burned. would enable the victimized secure the stolen bonds and mean recovery most the heavy loss which caused the bank suspend business following the holdup. PHYSICIAN FIGHTING FOR LIFE OMAHA, change reported the condition of Dr. Graham, physician, sent bullet into his brain suicide attempt the Auburn cemetery last He Immanuel have decided not attempt to move the bullet. The physician chance of recovery was


Article from Kearney Hub, December 14, 1931

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Article Text

HOPE REGAIN Gus Winkler, Suspect Given Release, Has Promised to Help. AFTER LARGE SUM. Lincoln, Neb., Dec. Renewed that securities stolen robbery the Lincoln National bank may yet be returned voiced today by Barkley, formerly director the bank, his return from Chicago. ALIBI STANDS UP. Barkley sald he had been told that Gus Winkler, former lieutenant the A1 Capone gang Chicago leased Saturday from bank robbery charges in connection with the holdup here, will attempt to return the stolen bonds possible." Winkler, several weeks ago, had offered return the stolen securiexchange release from the robbery charge. He offered spend his money secure their return. The Chicago gangman denied he involved in the robbery here but told officers the bonds available him through admitted underworld connections. County Towle jected the offer. Winkler, fearing he would not get fair trial, disclosed alibi. Towle his alibi claims; declared them and the charges. was not known Saturday whether not Winkler would still keep the agreement to return the bonds. Barkley conferred in Chicago with attorneys representing Winkler. no time specified for turn the bonds, Barkley said assured they would be returned soon possible." Winkler also agreed to furnish affidavits to the effect that most of the nearly $2,000,000 of negotiable securities taken in the bank have been burned. This would enable the victimized bank secure of the stolen bonds mean recovery of most the heavy loss which caused the bank suspend business following the holdup.


Article from Falls City Daily News, January 7, 1932

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Article Text

HALF MILLION OF LOOT RECOVERED (Continued From Page One) proximately 600 thousand dollars' worth of the bonds," he said. "For several weeks we have had under surveillance two places where we suspected the bonds were hidden. Night before last, we had about made up our minds that the time was opportune for raid. "I was asleep at my home when the telephone rang. It was sometime before 2 a. m. and upon answering the phone, I heard a man's voice say: "If you will go immediately to the corner of Armitage and Newcastle avenues, you will find what you have been looking for. "Then he hung up Newcastle and Armitage avenues happen to be about 500 feet from my home, in what you might call a wild and wooly suburb of Chicago. I didn't know what it was but must confess that I wouldn't have been surprised if, after going to that corner, I would have found a hall of lead. You know those things happen here in Chicago. "I immediately put in calls for Touzinsky, Roberts and one or two other officers. We had a good supply of machine guns trained on the corner by officers hidden about and Touzinsky, Roberts and I walked up to the corner. "There, in a suitcase leaning against the pole, we found the bonds There was not a soul in sight." "What part did Gus Winkler play in the return of these bonds," Steffens was asked politely. "I can only say this," he went on. "I had hell of a lot of help from the underworld. Frankly know what it's all about; how they came to be returned-but I'm not making any speeches about It." At that point Steffen said gingerly: "There has absolutely been no compromise with crime in the return of these bonds. And don't let that little prosecutor of yours out there (Max Towle, county atorney at Lincoln) take any bum raps about it. He absolutely made no compromise with Winkler or anybody else." And then he summed up his story with this: "Barkley was jubilant when Iwe turned the bonds back to him. Max Towle was as happy as a kid with a new toy and now, with the bonds back safely in the hands of their rightful owners, we, here in Illinois, pledge again to keep on the case until we have every hoodlum who participated in that holdup behind prison bars." Towle, in the office of the 'Secret Six," said: "There's not much to be added to what Sergeant Steffens has told you. We have the bonds back, and we're stimulated anew to keep after the bandit gang which stole them." Asked what part he thought Winkler played in bringing about the recovery of the loot, Towle said: "I think he gave Steffens a lot of help, all right." Towle said he did not know what effect the return of the bonds would have in Lincoln. "Im a prosecutor, not a banker," he smiled, and he referred the correspondent to Mr. Barkley at the LaSalle hotel. Towle, Steffen and Barkley all differed in their estimates of the estimated them at close to 600 thouamount of bonds returned. Steffens sand; Barkley a approximately 575 thousand and Towle at something over half million." "Three banks failed because of this robbery," said Mr. Barkley, but I am happy to say that now the depositors in those banks will get a much larger dividend. Six or seven other correspondent banks of the Lincoln National are now safe and their securities, representing chiefly; capital stock deposited in the Lincoln National, will be returned to them. "As for the Lincoln National itself, its assets have been sold, but its stockholders and depositors who had securities deposited for safe keeping in its vaults will get them back." Mr. Barkley estimated the stockholders and depositors had stood to lose about equally, and that altogether there were perhaps one hundred individuals affected. He could make no estimate of the number of depositors in the correspondent banks which will be benefited. Intermittent jets of drama flared up during the 16 months since the raid on the bank in Lincoln, throwing bold light at times on the quiet determined investigation chiefly by Steffens and the "Secret Six." The inquiry has gone forward in many states of the middle west, police of Nebraska, Iillinois, Michigan, Iowa and a number of other states pooling their resources to trail the robber band and uncover the loot. Throughout the intervening months Winkler has loomed as the chief figure in the investigation. Captured near Benton Harbor, Mich., after an auto accident that cost him the sight of one eye, the gangster-aviator vowed his innocence but was "identi fied" and taken to Nebraska, where Pop Lee and Tommy O'Connor of East St. Louis already had been convicted and sentenced to 25 years each in the pen. Winkler asserted he could prove himself innocent, but that he feared "railroading" to prison because of his reputation as a Chicago gangster. His friends dug up a 100 thousand dollar bond for him. Winkler came back to Chicago, and announced if Nebraska would investigate his alibi and free him, he would spend 75 thousand dollars of his own money, buy back the loot from the real gang that held them and return the bonds to Nebraska officials. Sergeant Steffens branded the report that thousands were spent by Winkler and his associates to bring about returns of the bonds as the purest bunk. "If Winkler had enough influence to know where those bonds were and who held them, do you suppose he would be foolish enough to spend one penny to get them back to us? It's absurd," said Steffen. County Attorney Towle and Steffen went to Buffalo, investigated Winkler's alleged alibi, found that it was "air-tight" and dismissed Winkler of the Nebraska charge. And now the bonds are back. Did Winkler return them? Ask Steffens. Ask Towle. Ask Touzinsky. Ask Roberts. They won't tell. Barkley left Chicago by train for Lincoln. Towle, who has his auto in Chicago, said he will wait a few days until the highways are cleared of snow.-World Herald. Two horses were shot under Col. George Washington, and four bullets went through his clothing at the time of Braddock's defeat.