13226. Sherman County Bank (Loup City, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 26, 1888
Location
Loup City, Nebraska (41.276, -98.967)

Metadata

Model
gpt-5-mini
Short Digest
102b2111

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Dec 26–27, 1888) report 'the Sherman County Bank assigned this morning to the sheriff' (assignment = bank made an assignment for creditors and was placed in charge). There is no mention of a depositor run in these items. Assignment implies permanent closure/receiver; classified as suspension leading to closure. OCR variants of 'Loup' appear as 'Loupe' in some articles; corrected to Loup City in city field.

Events (1)

1. December 26, 1888 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank made an assignment to the sheriff (voluntary assignment for benefit of creditors/insolvency); cashier absent and president present.
Newspaper Excerpt
The Sherman County bank assigned this morning to the sheriff. Cashier M. A. Thies has been absent for some time. E. E. Whaley, the president, is on the ground.
Source
newspapers

Newspaper Articles (10)

Article from Wichita Eagle, December 27, 1888

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ASSIGNED. OMAHA, Neb., Dec. 26.-A Bee special from Lotty City, Neb., says the Sherman county bank assigned this morning to the sheriff. Cashier Mathies has been absent for some time. E. E. Whaley, president, is on the ground.


Article from The Daily Times, December 27, 1888

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BRIEF TELEGRAMS. -CINCINNATI, OHIO, December 26.-A. Johnston suicided at his home in Avondale) (about, 7 this morning by shooting himself through the head with a revolver. He was one of the most prominent politicians in Southern Ohio. Depression, on occount of the death of his wife, is supposed to have been the cause. CLARION, PA., December 26.-Hon. James T. Moffet, member of the present Congress from the ,Twenty-eighth districi, has been admitted to the asylum at North Warren, as a private patient. The difficulty seems to be excessive nervousness, which was brought on by the arduous labors of the recent campaign. OMAHA, NEB., December 26.- A Bee special from Loup, Neb., says: The Sherman County Bank made an assignment this morning, and is now in charge of the sheriff. W. M. A. Thies has been absent from the city for some time, but E. E. Whaley, the president of the institution, is on the ground. ESCANABA, MICH., December 26.-Dr. Mulliken, an old physician of this place, heretofore bearing a gilt-edged reputation, was arrested to-day charged with ruining forty young girls. He was released on bail and has jumped the town. The town is terribly excited and threatens to tear Mulliken limb from limb if he is recaptured.


Article from The Cheyenne Daily Leader, December 27, 1888

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Bank Failure. OMAHA, Dec. 26.-A Beespecial from Loup City :Neb., says: The Sherman County bank assigned this morning to the sheriff. Cashier M. A. Thies has been absent for some time. E. E. Whaley, president, is on the ground.


Article from Los Angeles Daily Herald, December 27, 1888

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The President Remained. OMAHA, December 26.-A Bee special from Loup City, Neb., says: The Sherman county bank assigned this morning to the Sheriff. Cashier M. A. Thies has been absent for some time. O. Whaley, the President is on the ground.


Article from St. Paul Daily Globe, December 27, 1888

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BUSINESS FIRMS IN TROUBLE. Brokers and Manufacturers Succumb to the Prevailing Hard Times. PITTSBURG, Pa., Dec. 26.-Executions were issued to-day against Robert C. Totten, of the firm of Totten & Co., iron founders and machinery makers: for $114,000. The cause of the embarrassment is not known. It is claimed that it will not affect the firm. NEW YORK, Dee. 26.-C. J. Fisher, proprietor of the bucket shop at No. 56 New street, failed this afternoon. At the consolidated exchange the failure of F.A. Litchfield was announced this afternoon. NEW YORK, Dec. 26.-Tho failures of Tuttle Bros; C.& T. Ives and T. S. Steele were announced upon the consolidated exchange just after the close of the first call to-day. The suspensions were attributed to a marked decline in the market, From the opening 90 the market sagged down to 88% in the first half hour's business. The report that C. T. Steele had failed was erroneous. Mr. Steele did not have his check on hand as early as he might, and some members took advantage of the fact to push his sales. The result was that his failure was announced, but Mr. Steele a few minutes later paid everything and resumed. Between noon and 1 p. m., the general decline in the market was ½ per cent. At 2 p. m., oil was 89. CHICAGO, Dec. 26. - William Ott, doing business at 141 Kinzie street, as the Ott Patent Lounge company, made a voluntary assignment this morning. Assets $9,000, liabilities $16,000. LOUP CITY. Neb., Dec. 26.-The Sherman County bank assigned this morning to the sheriff. Cashier M. A. Thies has been absent for some time. E. E. Whaley, the president, is on the ground.


Article from Fort Worth Daily Gazette, December 28, 1888

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A Nebraska Bank Assigus. Lour CITY, NEB., Dec. 26.-The Sherman County Bank assigned this morning to the sheriff. Cashier M. A. Thies has been absent for some time. E. E. Whaley, president, is on the ground.


Article from Butte Semi-Weekly Miner, December 29, 1888

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Another Nebraska Bank Goes Under. OMAHA, Neb., December 26.-A "Bee" special from Loup City, Neb., says: The Sherman County Bank assigned this morning to the sheriff. Cashier M. A. Thies has been absent for some time. E.E. Whaley, president, is on the ground.


Article from The Iowa Plain Dealer, January 3, 1889

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EARLY on the morning of the 25th the the steamer John H. Hanna was burned to water's edge at Plaquemine, La., causing of t least on the boat. the Some death perished twenty-five others persons. reach were drowned, and many in attempting to literstuck in the mud and were the shore roasted alive. The boat was valued ally $18,000 and her cargo at $110,000. JOHN A. BAUEREISEN was found guilty Geneva, III., on the 24th of conspiring Burat to destroy property of the Chicago, with lington & Quincy Railroad Company dynamite. and was sentenced to two years in the penitentiary. JOHN CHRISTIAN and J. M. Moyer, prom- 24th cattle men, were killed on the at inent Harneyville, Chickssaw Nation, by Dudley Luttrol. The shooting was the result of an old feud. GOVERNOR OGLERBY, of Illinois, on life the pardoned J. W. Clark, serving a Max. sentence 24th for murder. and John W. for well, serving a thirty-year sentence highway robbery. Jowa fierce snow-storms raged on and the Ix many railways being blocka led, 26th, the fame state of affairs was reported from Minnesota. IN a riot on the 26th at Lamar, killed. Miss., whites and Ave negroes were two was on the 26th in Minn3sota and THERE elevators 17.985,000 busheis of wheat, Dakuta against 34,851,000 bushels a year aga "tap-mill" explosion at Wheeling, fatally W. IN Va. a on the 26th three men were injured. from grief over the death of ex- his INSANE which occurred two months ago, wife, Robert A. Johnston, aged fifty-five in Judge committed suicide by shooting years, his home at Avondale. 0., on the 26th. Joux PARKHILL, a leading physician by DR. O., was terribly whipped of on the 26th. His drunk on cider and the lad. White Hopedale, got Cape White chore the Caps boy had accused the doctor of drugging the 26th W. R Morse's banking doors Ox Clarks Neb., closed its and liab lities and no with County Bank at the house Sherman $80,0 V at Loupe assets, City, Neb.. also made an assignment. Denver, Col., four men were 26th killed by AT fatally wounded on the of the cable-car were and the which two dropping they excavating. town track of under AuA FIRE almost wiped out the burn, D. T. on the 27th. the 27th, IN an interview Maginness, in Chicago of Mankato, on Ter- M. Congressman that Montana is a great big popula T., said rich in resources, with a and two hundred of over tirei of living ritory, the tion people are thousand. They under want a form of government regardless of its who Statehood, colonial six prisoners recently politics." recaptured broke the 27th. jail THE at Lafayette, Ind., were on of Richmond. Va, and Tenn, the The Commercial. Whig. of Chattanooga, 27th. Daily publication on the su-pended the 27th a clearing association, organized ON of $1,400 0.0 was members with at Sioux a capital City, Ia. Nine banks are of the organization HEDGE. a Jeffersonville (Ind.) the stock SAMUEL dealer, was robbed of $800 on 27th by burglars. FOREIGN INTELLIGENCE. dispatches of the 22d proclaiming say that ZANZIBAR had issued a decree their lives the Suit n should forfeit their left and that that murderers thieves should lose hands. advices of the 22d say that a AUSTRALIA had swept over Clermont, orchards, great burricane gardens, vineyards and destroyed and ruining that a fire at Broken Hill sixty bu Idings. recently at Saigo. China, swept many away seven A FIRE hundred houses, leaving homeless. persons Br request of the Emperor will take of Germany place in more horse-racing that no country on Sunday. the Abbaw flour mills Loss, at Waltham, FIRE destroyed England, on the 25th. $450,000. Russian officer, General Nice, Louis The Melikoff, famous died on the 26th at aged sixty-four years. a British steamer, THE Storm the Queen. 26th in the Bay of persons Biscay. and foundered her captain on and five other were drowned. and southeastern earthquake parts IN the eastern several shocks of of Spain 27th. were felt 27th on the exploring schooners is reported a great ON the C. that there at Victoria, of fl h on Black that the Ch rrotte's harbors, in sbundance B. Island. natural Ooal and Banks. off Queen are dotted with excellent. Pan the coasts which the anchorage bondholders is of Four THOUSAND unanimously adopted on the ama Canal at a meeting in M. De a resolution confidence in the inter27th expression Company to forezo Paris Les seps and volunteering and the redemption truffic. of bonds eston until the coupons canal is openei for LATER. the Bald oe Knobbers Wx WALKER, was hanged famous at as Ozark, chief Ma, of on the


Article from Wood County Reporter, January 3, 1889

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ELECTRIC SPARKS. Fires And Casualties. Two PERSONS lost their lives in the burning of the Exchange hotel at Missoula, Montana. SIX persons were drowned in San Francisco Bay on Christmas Day by the capsizing of a sail-boat. Tuesday night's fire at Marblehead, Mass., destroyed sixty business buildings and caused an estimated loss of $600,000, THE Sherman County bank, at Loupe City, Neb., assigned on Wednesday. The assets and liabilities unknown. FOUR men were killed and two fatally wounded at Denver, Col., Wednesday, by the dropping of the cable-car track, under which they were excavating. ANOTHER passenger steamboat has been burned on the lower Mississippi-the John H. Hanna-near Plaquemine, La. As far as known, thirty lives were lost. SEATTLE.-The steamer Lief Erickson burned at Alkia, a point five miles west of this city at 5 o'clock Monday afternoon. It is a total loss. Seven lives were lost. Miss Annie Tolner, of Sidney; J. H. Norens, Sidney; Jack Simmonds, a halfbreed fisherman; T. Smith, Colby; an un. known man and wife and an unknown woman were the victims. BRADFORD, Pa.-Three glycerine megazines in Buchanan Hollow, exploded Saturday evening, wrecking a large number of houses in Tarport, a mile away, and shaking the foundations of houses in Bradford, three miles distant. A large building in Tarport, in which were nine persons, collapsed, seriously injuring three children, one, a little girl, who can not survive. The explosion was caused, it is thought, by excessive heat. It is not known whether anyone was killed. 4 LOUISVILLE.-A through passenger train to Louisville and the south, on the Louisville and Nashville railroad, ran into the Knoxville branch passenger train at Bardstown Junction, twenty-five miles south of this city. Two passengers were killed and eleven injured. The killed are Mrs. Mary Perkins, of Old Deposit, Kentucky, and Willie Houston, of Water Creek, Ky. The engineer and fireman are thought to be fatally hurt. Thirteen in all were injured.


Article from Mineral Point Tribune, January 3, 1889

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ELECTRIC SPARKS. Fires And Casualties. Two PERSONS lost their lives in the burning of the Exchange hotel at Missoula, Montana. Six persons were drowned in San Francisco Bay on Christmas Day by the capsizing of a sail-boat. TUESDAY night's fire at Marblehead, Mass., destroyed sixty business buildings and caused an estimated loss of $600,000, THR Sherman County bank, as Loupe City, Neb., assigned on Wednesday. The assets and liabilities unknown. FOUR men were killed and two fatally wounded at Denver, Col., Wednesday, by the dropping of the oable-car track, under which they were excavating. ANOTHER passenger steamboat has been burned on the lower Mississippi-the John H. Hanna-near Plaquemine, La. As far as known, thirty lives were lost. SEATTLE.-The steamer Lief Erickson burned at Alkia, B point five miles west of this city at 5 o'clook Monday afternoon. It is a total loss. Seven lives were lost. Miss Annie Toiner, of Sidney; J. H. Norens. Sidney; Jack Simmonds, a halfbreed fisherman; T. Smith, Colby; an unknown man and wife and an unknown woman were the victims. BRADFORD, Pa.-Three glycerine magazines in Buchanan Hollow, exploded Saturday evening, wrecking a large number of houses in Tarport, a mile away, and shaking the foundations of houses in Bradford, three miles distant. A large building ID Tarport, in which were nine persons, collapsed, seriously injuring three children, оде, & little girl, who can not survive. The explosion was caused, it is thought, by excessive heat. It is not known whether anyone was killed4 LOUISVILLE.-A through passenger train to Lonisville and the south, on the Louisville and Nashville railroad, ran into the Knoxville branch passenger train at Bardstown Junction, twenty-five miles south of this city. Two passengers were killed and eleven injured. The killed are Mrs. Mary Perkins, of Old Deposit, Kentucky, and Willie Houston, of Water Creek, Ky. The engineer and fireman are thought to be fatally hurt. Thirteen in all were injured.