13197. Lincoln Savings Bank (Lincoln, NE)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 16, 1895
Location
Lincoln, Nebraska (40.800, -96.667)

Metadata

Model
gpt-5-mini
Short Digest
e8a3683d

Response Measures

Partial suspension, Books examined

Other: Receiver later appointed and sued stockholders; bank entered receivership and did not resume normal operations.

Description

Multiple articles (Dec 16, 1895) report Lincoln Savings Bank refused deposits and availed itself of the 60-day notification law to protect against a run triggered by the failure of the German National Bank. One account explicitly says the failure started a run on Lincoln Savings. Later (Nov 1896) a receiver (Receiver Hill) is handling the defunct Lincoln Savings Bank and suing stockholders — indicating permanent closure/receivership.

Events (3)
1. December 16, 1895 Run
Cause
Local Banks
Cause Details
Run was triggered by the failure/suspension of the German National Bank in Lincoln.
Measures
Refused to receive deposits and gave notice availing itself of the sixty-day notification law against withdrawals.
Newspaper Excerpt
The failure started a run on the Lincoln Savings Bank, which has availed itself of the sixty days' notification law against withdrawals.
Source
newspapers
2. December 16, 1895 Suspension
Cause
Local Banks
Cause Details
Bank invoked the 60-day notification law to protect itself from runs following the German National Bank's closure/failure in Lincoln.
Newspaper Excerpt
Late this afternoon the Lincoln Savings bank refused to receive deposits and gave notice that it would avail itself of the sixty days' notification law against withdrawals.
Source
newspapers
3. November 13, 1896 Receivership
Newspaper Excerpt
Receiver Hill of the Lincoln Savings bank, which lately suspended, has decided to file a suit in the district court against the stockholders, who, so far, have failed to pay up.
Source
newspapers

Newspaper Articles (11)
1. December 17, 1895 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, December 17, 1895

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Article Text

BANK SUSPENDS AT LINCOLN. Another in the City Avails Itself of the Sixty-Day Law. Washington, Dec. 16.-The comptroller of the currency has received a telegram announcing the suspension of the German National bank of Lincoln, Nez., The bank has a capital of $100,000 and according to its last statement owed about $150,000. Bank examiner Whitmore was placed in charge. Lincoln, Dec. 16.-Late this afternoon the Lincoln Savings bank refused to receive deposits and gave notice that it would avail itself of the sixty days notification law against withdrawals. This is considered tonight to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank. The Lincoln Savings bank has a safety deposit vault and will not, of course,close its doors. This afternoon the dry goods firm of H. R. Nissley & Co., filed chattel mortgages at the office of the county clerk for $17,000. The amount of $14,000 was in afvor of a brother of Mr. Nissley and $3,000 to H. B. Clafflin & Co., New York.

2. December 17, 1895 Wheeling Register Wheeling, WV
Article from Wheeling Register, December 17, 1895

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Article Text

TWO NEBRASKA BANKS. A National Bank Closes its Doors, and A Savings Bank Takes Advantage of the Sixty Day Law. Lincoln, Neb., December 16.-The German National Bank closed its doors to-day. The bank has been looked upon as a little uncerain for some time and depositors had been gradually withdrawing. Deposits aggregate $48,000, and the assets will cover all liabilities. C. T. Boggs was president and cashier. Omaha, Neb., December 16.-Late this afternoon the Lincoln Savings Bank refused to receive deposits and gave notice that it would avail itself of the sixty days notification law against withdrawals. This is considered to-night to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National Bank. This afternoon the dry goods house of H. R. Nissley & Company filed chattel mortgages at the office of the county clerk for $17,000. The amount of $14,000 was in favor of a brother of Mr. Nissley and $3,000 to H. B. Claflin & Company, of New York.

3. December 17, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 17, 1895

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Article Text

NEBRASKA'S FINANCES. LINCOLN. Dec. 16.-Late this afternoon the Lincoln Savings bank refused deposits and it gave notice that it would avail itself of the sixty days notification law against withdrawals. This is considered tonight to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank. The Lincoln Savings bank has a safety deposit vault and will not, of course. close its doors. This afternoon the dry goods house of H. R. Nissley & Co. filed chattle mortgages at the offices of the county clerk for $17,000. The amount of $14,000 was in favor of a brother of Mr. Nissley and $3,000 to H. B. Claflin & Co, New York,

4. December 21, 1895 Red Lodge Picket Red Lodge, MT
Article from Red Lodge Picket, December 21, 1895

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Article Text

BANK SUSPENSIONS AT LINCOLN That of the German National Closely Followed by the Lincoln Savings. Washington, Dec. 16.--The comptroller of the currency today received a telegram announcing the suspension of the German National bank f Lincoln, Neb. REFUSED TO TAKE DEPOSITS. Lincoln, Neb., Dec. 16.-Late this afternoon the Lincoln Savings bank refused to take deposits, and it gave notice that it would avail itself of the 60 days notification law against withdrawals. This is considered tonight to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank.

5. December 21, 1895 Pullman Herald Pullman, WA
Article from Pullman Herald, December 21, 1895

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Article Text

BANK SUSPENSIONS AT LINCOLN That of the German National Closely Followed by the Lincoin Savings. Washington, Dec. 16.-The comptroller of the currency today received a telegram announcing the suspension of the German National bank f Lincoln, Neb. REFUSED TO TAKE DEPOSITS. Lincoln, Neb., Dec. 16.-Late this afternoon the Lincoln Savings bank refused to take deposits, and it gave notice that it would avail itself of the 60 days notification law against withdrawals. This is considered tonight to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank.

6. December 21, 1895 The Silver Blade Rathdrum, ID
Article from The Silver Blade, December 21, 1895

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Article Text

BANK SUSPENSIONS AT LINCOLN That of the German National Closely Followed by the Lincoln Savings. Washington, Dec. 16.-The comptroller of the currency today received a telegram announcing the suspension of the German National bank f Lincoln, Neb. REFUSED TO TAKE DEPOSITS. Lincoln, Neb., Dec. 16.-Late this afternoon the Lincoln Savings bank refused to take deposits, and it gave notice that it would avail itself of the 60 days notification law against withdrawals. This is considered tonight to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank.

7. December 25, 1895 Semi-Weekly Independent Plymouth, IN
Article from Semi-Weekly Independent, December 25, 1895

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nois Supreme bench from the Sixth Judicial District to succeed the late Judge Bailey. Sylvester Johnson has been awarded a verdict for $5,000 damages against the city of Ashland, Wis., for the loss of an ear, sustained while driving on a defective highway. Frederick Wilhelm Johomme Beese, of Elyria, Ohio, celebrated his 100th birthday. He reads without glasses, is in excellent health, works every day, shaves himself and never employed a physician in his life. Fred Hosford, 35 years of age, a wholesale and retail coal dealer at Burlington, Iowa, committed suicide Monday morning by jumping from the upper story of the Burlington elevator, a distance of 130 feet. His big business interests had overtaxed his mind, rendering him insane. Lewis Krekel, an old man of Burlington, Iowa, disappeared from his home a month ago. Monday his body was found badly mutilated, and with the throat cut, lying in an unused well. The coroner suspects foul play and is investigating. The deceased carried a large life insurance. The German National Bank at Lincoln, Neb., has failed. The liabilities. including stock, are $180,000; nominal assets, $200,000; deposits, $49,000. The failure started a run on the Lincoln Saviugs Bank, which has availed itself of the sixty days' notification law against withdrawals. Two pieces of lead pipe packed with gunpowder were mailed to George M. Pullman and Philip D. Armour Monday morning at Chicago. Two lives were saved by the action of the postal authorities and the warning of the man suspected of sending the infernal machines. The mere sliding of the lid of either of the boxes containing the lead pipe would have been sufficient to cause an explosion and the selected victims would have been blown to pieces. S. A. Owen is the man who gave warning, and the postal authorities believe he also planned the mailing of the bombs. Following is a list of those most seriously injured in a railway wreck at Milton, Ohio, Monday night: Joel Borscher, Lima, Ohio; Miss Rosa Barough, Custer, Ohio; Mrs. B. G. Doty, Custer, Ohio; Miss Mary Lance, Custer, Ohio: Mrs. F. A. Balmor, Custer, Ohio: Matthew Blausius, Custer, Ohio; John Bruch, Custer. Ohio; Charles Blausius, Custer, Ohio: Charles Seaman, Custer, Ohio: John Bolton, Custer, Ohio: Engineer Clark Hoyt, Lima; Fireman Osman, Lima. No one was killed. Twenty-five persons injured less seriously than those named above were able to go to their homes. Fireman Jas. Osman is very seriously injured and it is feared that Engineer Hoyt's injuries will prove fatal. Says the Chicago Post: Jaunty and flippant is Capt. Michael J. White, of the Seventh Regiment, I. N. G., and driver for John Sexton & Co., although imprisonment in the Chicago avenue station on the charge of murder might be conducive of gravity if not of fear. While driving off the north end of State street bridge

8. December 26, 1895 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, December 26, 1895

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Article Text

The Lincoln Savings Bank, of Lincoln, Neb., refused to receive deposits and gave notice that it would avail itself of the sixty days' notification law against withdrawals. This is considered to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank. The Lincoln Savings bank has a safety deposit vault and will not, of course, close its doors. Erward R. Morris, of Marengo, III., was probably fatally burned in a fire at Huntley, Sunday night. He was sleeping in the office of William Hackett's building when it took fire. Loss, $2,500; insurance, $1,800.

9. January 2, 1896 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, January 2, 1896

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The Lincoin Savings Bank, of Lincoln, Neb., refused to receive deposits and gave notice that it would avail itself of the sixty days' notification law against withdrawals. This is considered to indicate that the bank merely desires to protect itself against a run incident to the failure of the German National bank. The Lincoln Savings bank has a safety deposit vault and will not, of course, close its doors.

10. November 13, 1896 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 13, 1896

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INVOLVES A FINE LAW POINT Trial of John Kobalter at Lincoln Will Be Interesting. CHARGED WITH HAVING VOTED ILLEGALLY Father of the Accused Took Out His First Papers, but Died Before His Naturalization Was Completed. LINCOLN, Nov. 12.-(Special.)-A fine point of law has been raised in the case of John Kobalter, a young Austro-Hungarian who was arrested election day for illegal voting in the Second ward of this city. In 1886 Kobalter came to Lincoln with his father. He was then 11 years of age. Declaring his intention of becoming a citizen of the United States his father took out his first papers, and died within a year subsequently. The point raised is whether the father's death, removing the possibility of perfection of the naturalization papers, takes away any of the rights conferred upon his children by the declaration of intention. The question is not fully covered by the statutes. It is claimed that young Kobalter could become a citizen by simply taking the oath of allegiance. However, the court is called upon to decide whether or not swearing in his vote was equivalent to taking the oath of alegiance. Justice Leese will pass on this case Saturday next. THINK THE JUDGMENT UNJUST. Today a petition was filed with the county commissioners, signed by E. E. Brown. Mark Woods, J. E. Miller, H. J. Winnet, William Fullerton, L. C. Pace, John H. Ames, Kent K. Hayden, John P. Higgins and Eli Plummer, asking the commissioners to appoint attorneys to have the judgment of Green & Van Duyn against the county of Lancaster set aside and vacated in the supreme court. The case is the one in which Green & Van Duyn recovered a judgment of $2,054 against the county in district court for balance due as commission for refunding some county bonds. Numerous taxpayers have made representations to the commissioners that the bill was unjust and that the judgment should be suspended. It is thought a reversal can be secured on the ground of errors in the pleadings and instructions to the jury. WILL SUE THE STOCKHOLDERS. Receiver Hill of the Lincoln Savings bank, which lately suspended, has decided to file a suit in the district court against the stockholders, who, SO far, have failed to pay up. Hill says that justice to creditors will not permit him to wait longer. Funeral services over the remains of Mrs. J. O'Donnell, who was accidentally shot by her son Tuesday morning. were held this morning at St. Theresa's Pro-cathedral, and were attended by a large concourse of friends. The remains were interred in the Catholic cemetery. The complete returns of the Lancaster county canvassing board were turned over today to the secretary of state, and the work of tabulation will be proceeded with at an early day. Since the morning of the 4th of November the office of the county clerk has been a busy scene. The funeral of B. F. McColl. one of Nebraska's pioneers, will occur tomorrow afternoon at 2 o'clock, at the First Presbyterian church. Mr. McColl settled in Lancaster county over thirty years ago, and was a resident of Lincoln from the infancy of the city. For several months previous to his death. he had been confined in Tabitha hos-

11. November 18, 1896 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 18, 1896

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STOCKHOLDERS TO PA of the Lincoln Savings Ea Makes His Report. SHORT A VERY LARGE su Two Hundred Thousand R to Settle This Fenture of he Defunct Organization's Indebtedness. Nov. 16.-(Special.)-Receiv the late Lincoin Savings bank sa bank owes its depositors $152,462. aggregate $73,957.93. The : of real estate, safety depo furniture, notes, etc., of u value. These are now absolute and cannot be realized on 1 time to come. The value is total to satisfy the creditors, hen suits which Receiver Hill h against the stockholders. He as be ordered to come into court, a delinquent sum to be raised by the court, and that ea to pay the sum found due. last term of the Lancaster coun court Louie Ostran filed a petiti from Peter Ostran. This mor the case was called she failed but the husband was there, a mitted to state his version of t He was a widower when he ni and six months after their marria a petition for divorce, allegi had begun a systematic cour and persecution, and circulat ories against her among the neig otherwise greatly annoyed a her. She had left him with onths of her wedding day. At pre is employed at the Mercer ho Peter is a farmer, living elg outh of this city. He said that 1 marriage everything went we she began pleading for him his property to her he had ( refusing to do so on the grou was in debt, and it would not lo him to do so. After threateni all kinds of danger from whit had gone away. She return and offered to compromise 1 but he had insisted on her sig papers waiving all right to a sums before he would pay tl The next thing he heard she h the suit for divorce. Duri dency of this case Ostran has be her a small alimony. The cot story and granted him a and Louie, is thus shut out of a in his property. PPEARED WITH MUCH MONEY Berger, an aged German, recent L street, is still missing ire and there are fears of foul pla to Chicago and suddenly disa This was one week before the ele had over $1,800 in his pocket of his disappearance. He is sa visited several saloons on Cla Chicago, and exhibited his roll. Cornish is engaged in distr hearing the case of the St Frank Webber, charged with rc residence of S. A. D. Shilling Se 17. Webber has quite a record is a reform school graduate a one term in the penitential