13198. Lincoln Savings Bank (Lincoln, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 3, 1898
Location
Lincoln, Nebraska (40.800, -96.667)

Metadata

Model
gpt-5-mini
Short Digest
f3695e18

Response Measures

None

Description

Multiple contemporaneous newspaper notices refer to Receiver Hill of the defunct Lincoln Savings bank, indicating the bank had failed and a receiver was appointed by Nov 1898. No runs or reopening are mentioned; legal actions concern receiver's sale of pledged life insurance policies.

Events (2)
1. November 3, 1898 Other
Newspaper Excerpt
A remarkable petition has been filed ... to seek to have Receiver Hill of the defunct Lincoln Savings bank restrained from selling insurance policies aggregating $15,000 on their lives, pledged to secure a loan.
Source
newspapers
2. November 3, 1898 Receivership
Newspaper Excerpt
Receiver Hill of the defunct Lincoln Savings bank restrained from selling to the highest bidders insurance policies ... pledged to secure a loan.
Source
newspapers

Newspaper Articles (6)
1. November 4, 1898 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, November 4, 1898

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Article Text

A Remarkable Petition. Lincoln, Neb., November 3.-A remarkable petition has been filed in the district court of Lancaster county by Charles F., David W. and George K. Brown, who seek to have Receiver Hill of the defunet Lincoln Savings bank restrained from selling to the highest bidders insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a lien. The novel claim is advanced that by the disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers met with reverses and were obliged to part with their life insurance as collateral for a lien. The policies may be paid only at the death of the assured. hence the claim is made that by the refusing them a great inducement is offered the holder with the parties insured. Judge Holmes has assigned the case for hearing at the term of court which meets this month.

2. November 5, 1898 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, November 5, 1898

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Article Text

Novel Petition Filed. Lincoln, Neb., Nov. 4.-A remarkable petition has been flied in the district court of Laneaster county by Charles F., David W. and George K. Brown, to seck 10 have the receivers of the defunct Lincoin Savings bank restrained from selling

3. November 10, 1898 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, November 10, 1898

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Article Text

THEY FEAR THE BUYERS. Three Nebraska Brothers Who Used Life Policies Aggregating $15,000 to Se.cure a Loan Object to Their Sale. Lincoln, Neb., Nov. 5.-A remarkable petition has been filed in the district court by Charles F., David W. and George K. Brown, who seek to have Receiver Hill, of the defunct Lincoln savings bank restrained from selling to the highest bidder insurance policies aggregating $15,000 on their lives, pledged to secure a loan. The claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers used their life insurance as collateral for a loan. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a great inducement is offered the holder to make way with the parties insured.

4. November 11, 1898 The Iola Register Iola, KS
Article from The Iola Register, November 11, 1898

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Article Text

THEY FEAR THE BUYERS. Three Nebraska Brothers Who Used Life Policies Aggregating $15,000 to Secure a Loan Object to Their Sale. Lincoln, Neb., Nov. 5.-A remarkable petition has been filed in the district court by Charles F., David W. and George K. Brown, who seek to have Receiver Hill, of the defunct Lincoln savings bank restrained from selling to the highest bidder insurance policies aggregating $15,000 on their lives, pledged. to secure a loan. The claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers used their life insurance as collateral for a loan. The policies may be paid only at the death of the assured, hence the claim is made that by transferring them a great inducement is offered the holder to make way with the parties insured.

5. November 16, 1898 The Somerset Herald Somerset, PA
Article from The Somerset Herald, November 16, 1898

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Article Text

Lives of Insured in Peril. A petition has been filed in the United States Court of Lancaster county, Nebraska, by Charles F., David W. and George K. Brown, who seek to have Receiver Hill, of the defanct Lincaln Savings Bank, restrained from sell ing to the highest bidder insurance policies aggregating $15,000 on the lives of the Browns, pledged to secure a loan. A novel claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jespardy. The Brown brothers met with reverses and were obliged to part with their life insurance as collateral for a loan. The policies may be paid only at the death of the insured, hence the claim is made that by transferring them a great inducement is offered the holder to make away with the parties insured.

6. December 6, 1898 The Herald Los Angeles, CA
Article from The Herald, December 6, 1898

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Article Text

Backing Out of Their Bargain A petition has been filed in one of the Nebraska courts by Charles F., David W. and George K. Brown, who seek to have Receiver Hill of the defunct Lincoln Savings bank restrained from selling to the highest bidder insurance policies, aggregating $15,000, on the lives of the Browns, pledged to secure a loan. A claim is advanced that by thus disposing of the policies the lives of the plaintiffs are placed in jeopardy. The Brown brothers met with reverses and were obliged to part with their life insurance as collateral. The policies may be paid only at the death of the insured, hence the claim is made that by transferring them a great inducement is offered the holder to make asyay with the persons insured. The judge assigned the case for an early hearing.-Instrance Times.