Merchants Bank - Lincoln, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1907*
Location: Lincoln, Nebraska (40.800, -96.667)

Metadata

Model: gpt-5-mini
Short Digest: b92010b7

Response Measures

None

Description

Contemporary newspaper items (Dec 1907) list Merchants Bank of Lincoln among failed banks in the state auditor's report. A later May 1908 article refers to a receiver for the Merchants Bank of Lincoln. No article describes a depositor run prior to suspension; the bank was listed as a failure and placed in receivership, so categorized as a suspension leading to permanent closure. Cause inferred from auditor's report linking failures to Treasurer Bartley's defalcation and suspended warrants; explicit bank insolvency/failure is indicated in the reports.

Events (2)

1. December 1, 1907* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Listed as a failed bank in the State Auditor's semi-annual report; failures noted alongside defalcation of Treasurer Bartley and suspended accounts.
Newspaper Excerpt: Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: ... Merchants Bank of Lincoln
Source: newspapers

2. May 21, 1908 Receivership

Newspaper Excerpt: Shilling Gets a D. Shilling. receiver of with the Mer ... bank of Lincoln. ... receiver of the Merchants Bank of Lincoln.
Source: newspapers

Newspaper Articles (3)

1. December 11, 1907 The Columbus Journal Columbus, NE

Article from The Columbus Journal, December 11, 1907

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Article Text

The State Capital Matters of General Interest FROM Nebraska's Seat of Government Auditor Searle's Report. The semi-annual report of State Auditor Searle for the period from June 1 to November 30, 1907, shows the out standing warrants at this time amount to $1,475,070.81; warrants issued during that period, $1,048,445.18; warrants paid during that period, $1,269,360.38. This shows that warrants to the amount of $220,915 have been paid off in excess of the warrants issued, but this is due to the heavy payment of wararnts issued against the temporary school fund. This issue was made last May, the amount being $457, 829. The warrants were paid just after June 1, bringing the payment in this six months' business and the is suance in the preceding period. As a matter of fact, the outstanding general fund warrants drawing interest amount to a greater sum than six months ago. June 1 the general fund warrants drawing interest amounted to $1,183,544, while at this time the amount is $1,385,$64, a difference of $201,520. This, however, was to have been expected, and is no indication that the state debt is increasing. The large appropriations of the last legislature have been paid during the last six months, while the collections are always less for this period of the year. During the next six months the collections wil be larger and the amount of warrants issued less. Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: Capital National bank of Lincoln, First National bank of Orleans, Merchants Bank of Lincoln, Globe Loan and Trust company of Omaha, Buffalo County National bank of Kearney:

2. December 19, 1907 Custer County Republican Broken Bow, NE

Article from Custer County Republican, December 19, 1907

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Article Text

The State Capital Matters. of General Interest FROM Nebraska's Seat of Government Auditor Searle's Report. The semi-annual report of State Allditor Searle for the period from June 1 to November 30, 19C7, shows the outstanding warrants at this time amount to $1,475,070.81; warrants issued during that period, $1,048,445.18; warrants paid during that period, $1,269,360.38. This shows that warrants to the amount of $220,915 have been paid off in excess of the warrants issued, but this is due to the heavy payment of wararnts issued against the temporary school fund. This issue was made last May, the amount being $457, 829. The warrants were paid just after June 1, bringing the payment in this six months' business and the is suance in the preceding period. As a matter of fact, the outstanding general fund warrants drawing interest amount to a greater sum than six months ago. June 1 the general fund warrants drawing interest amounted to $1,183,544, while at this time the amount is $1,385,$64, a difference of $201,520. This, however, was to have been expected, and is no indication that the state debt is increasing. The large appropriations of the last legislature have been paid during the last six months, while the collections are always less for this period of the year. During the next six months the collections wil be larger and the amount of warrants issued less. Following are the balances in the suspended account due to the defalcation of Treasurer Bartley and the failure of the following banks: Capital National bank of Lincoln, First National bank of Orleans, Merchants Bank of Lincoln, Globe Loan and Trust company of Omaha, Buffalo County National bank of Kearney:

3. May 22, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, May 22, 1908

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Article Text

RAILROAD TAX MEN PLEAD Ask State Board to Reduce the Asessments of Their Lines. SHOWING DECREASED EARNINGS State Medical Society Next Elects Year's Officers and Votes to Hold Session in Omaha-Supreme Court Decisions. the (From a Staff Correspondent.) LINCOLN. May 21.-(Special.) the State Board of for first hearing held railroad by tax emmissioners, appeared TR Assessment D. Pollard of the not Burlington to value the lines hand asked the board in Nebraska at more than at of his company were valued last year of the $35,000. Tax They Commissioner Scribner but he said it $14,500. /Union Pacific also spoke, his argument of last of was ueless to the repeat board valued the He lines said year. company when at $75,000 a mile. and hoped his disappointed last year year. Mr he was concessions this assesment of for some attacked the in No. Pollard estate, briefly live stock and show money that each of property his braska real and gave figures was assessed to far company below (class its true value He on said valuation of months $45,000 earned 3 per cent for the six $2,704 mile in Nebraska said it earned the $300 ending a March 31. He less a mile than comhis a mile. nearly Scribner said He adearned had year before. nearly Mr. $400 mile less. ceased ap its pany mitted that his earnings company between states are mere beportioning at best such calculations unfair and would afcause estimates little and light often for company the board arbitrarily Mr. Pollard apthe ford told the board earnings his between constructive states and partioned gave to Nebraska lines he said credited mileage of about 1.4. 20 This per cent that he the believed lines Nebraska in fact earned and deducted The had not amount should He of the Omaha morning. board that will hear Mr. Pulley He usually gives road tomorrow some interesting information. Officers. the board Society Elects society today Nebraska accepted Medical State Medical the invitaof tion officers elected The officers Oamah to and meet in that were city chosen: next F. President-1 P. year The following L. M Shaw Fall, Osceola Beatrice: Vice President-l Coulter, Legislation incoln and Public chair E Policy- Committee Wilson. on M Poynter. Table Rock: H. W man Orr, Lincoln. W. H Convention of National Asso- R. Alternate clation-J. Delegate P Lord. National Omaconvention-A. dia Mitchell. Legal Incoin. Defense Committee- two assoOmaha. von Mediconstelder one Ashland, year: secretary of Lord. clation bx-officio of oBard of Councillors- Birkhofer New Members o Neill: W Upland: D Gothenburg Gilligan, North Platte: Johnson Dr Bellwood, Al Quigle Secretary to the York State Hance. Recommended for McConaughty L MuirHealth H. Brash, Beatrice A George head. Omaha. D Wilkinson, Lincoln. Ash(holdover.) Secretary S von Mansfelde, land. holdover. secretary and LibrarianOrr incoln. (holdover. salary and $200 exH. W Two hur money dred was dollars voted The to treasurer the secretary while was pense for the to coming salary year. and $20 expenses. and librarian allowed the correst ding secretary all purposes The im given $25 for legislative committee's was recognized portance was of the by an appropriation work of $10 fund project presented on to The defense of delegates by adopted, a committee but an Wednesday the house was formally resolution put through it amendment and the a plan so as to make mem later will modifs obligatory with not the feature. optional rather associa than whether or The requiring bers they shall of participate the payment in this of $1 toward where the enforced rule defense fund will desirous not be of securing dollar its physician As is not the articles stand, into the the genbenefits be collected. but will go when a memmay fund of the association himself of the eral not wish to avail annual dues ber does advantages The and with this have protective been $3 in the will past be raised to $3 new provision they members should refuse is However, if extra some dollar they will probably expected to pay'the excused from doing the so. 800 It physicians bebe that three fourths contribute of voluntarily to from the longing fund. There will is $227 already on hand $1 payments. of the board of councillor time At session charges preferred physician some pracWhis against morning. H A. Brown, adjudged a to be ill The founded. legal ago tieing at Chadron, accusations were against certificate Brown in were that he was had not no eligible for registra- cerhe r which Nebraska tion as a and medical practicioner, claimed to that hold was never taken course tificate forged of and study that sufficient he had to qualify him for practice Must Pay Burns. verdict Aurora for $1,669.29 in favor Aurora of was Joseph Burra A against o'clock the city this of afternoon by hear the turned at United States court which also jury in at the trial. The jury Burns evalence a special verdict finding The members of turaed be a citizen of Colorado. excused until Friday morn dig the panel were Burns sued for $2,095.98 on with a well interest and in and waterworks contract, The whole con from May 1. 1904 the city has camed price exceeded $5,000, but tract already paid upwards of $3,000. Beatrice Men Explain Rates. on of Beatrice today called mat Citizens Railway commission to explain State In relation to the complaint better of Superior milling ters that Beatrice enjoys is given people fn transit privileges than Superior Reversal. shilling Gets a D. Shilling. receiver of with the Mer con 8. A. bank of Lincoln. charged the bank chants cheat claimants against judgmen spiracy to a reversal of the county today obtained district court of Lancaster cour of The the case is remanded by the supreme for further proceedings. Editor Wine Libel Suit. Franklin D. Fales of Dixon count did Editor court as he has won in the supreme libel suit insti in the district T J. court Sheibley. in a The case grow con tuted out of by the McCarthy campaign for gress. UNIVERSITY PLACE. Neb.. May University Place Troubled. 21.-