Madison State Bank - Madison, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1931*
Location: Madison, Nebraska (41.828, -97.455)

Metadata

Model: gpt-5-mini
Short Digest: 4ee77e6b

Response Measures

None

Description

Article (Dec 17, 1931) reports the Madison State Bank voluntarily suspended business last January and as of publication had been paying depositors about 80 cents on the dollar. No run is mentioned and no reopening or receiver is reported; classified as suspension leading to closure (voluntary suspension with ongoing partial payments). Date of suspension inferred as January 1931 from last January.

Events (1)

1. January 1, 1931* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily suspended operations (voluntary suspension) and has been making partial payments (about 80 cents on the dollar) to depositors since then.
Newspaper Excerpt: The State bank voluntarily suspended business last January and up to the present time has paid depositors about 80c on the dollar.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1931 The Tilden Citizen Tilden, NE

Article from The Tilden Citizen, December 17, 1931

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Article Text

NICKERSEN DOG WINS MEDAL FOR BRAVERY Chicago, Dec. 4-Pet, fox terrier belonging to Neal Johnson, who lives on a farm near Nickersen, Nebraska, has been selected as Nebraska's most heroic and intelligent dog and will receive a bronze medal to commemorate the courage and intelligence. Judges in the contest sponsored by the National Anti-Vivisection society of Chicago to determine the country's dog heroes, today announced their selection of "Pet" as the winner in Nebraska. The awards are made twice annually, on December 1 and June 1 and the winner is selected from verified nominations sent to the society. "Pet" won his medal, the first to be awarded in Nebraska, by saving his master from an enraged bull. Judges of the contest were Will Judy, editor of Dog World, Mrs. Charlotte L. Hunt, president of the Chicago Humane Education society, and Clarence E. Richard, managing director of the national society. Last Spring Johnson was assailed by vicious bull in his barnyard, being tossed around and trampled until he was nearly unconscious. He cried for help but members of the family failed to hear him. The terrier, however, possessed a keener sense of hearing than his human companions and he heard the disturbance. First he picked up his ears in a futile attempt to attract the family's attention and then he dashed for the barnyard. On the scene. he set upon the bull with all the fury of his forty pounds and two sets of glittering teeth. The bull turned to combat the new arrival and Pet kept him so busy for the next few minutes that Johnson, despite his injuries, was able to escape. He collapsed when he reached the other side of the fence. Members of the family took Johnson to a hospital in Fremont, where he was confined for several weeks but eventually recovered. "Here is a perfect example," Mr. Richard said in announcing the award, "of where a dog has been directly responsible for saving a human life at the risk of his own. Johnson would be dead man today if it were not for Pet. "In making these awards we have but one purpose in mind-to impress upon the general public that dogs render a real service to mankind and as a whole are entitled to better treatment than is usually their lot. Every dog is potential "Pet" because every dog stands ready and willing to lay down his life for any human whenever and whereever the opportunity offers. Unlike humans, dogs never count the cost." When a newspaper reports that a person is "very sick" his illness is perhaps quite serious, but when the paper says he is a "very sick man' it seems probable that the undertaker is just around the corner. Would-be-employer, "Have you any references?" Would-be-employee. "Sure," and he handed him the following letter: "To Whom It May Concern: John Jones worked for us one week and we are satisfied." Patient (in asylum yard to new superintendent), "Who are you?" Superintndent, "I'm the new superintendent." "Oh, it won't take them long to knock that out of you. I was Napoleon when came here." "Depression" will remain in Humphrey, says the Democrat. Parents of a daughter born November 11th in a Norfolk hospital has been named "Depression Ann." Mrs. Gerritt Tyler of Spalding, Neb., daughter of Mr. and Mrs. J.I. Stringfellow of Oakdale, was severely burned Thanksgiving day while trying to rebuild the furnace fire with kerosene. Isaac Jackson was acquitted in the district court at Madison of the charge of assaulting Amy Carson during a celebration of Enola. The jury returned the verdict of "not guilty" after three hours deliberation. Mr. Jackson is a farmer residing northwest of Madison. He has a wife and ten children and bears a good reputation in the community where he lives, which fact is no doubt largely responsible for his acquittal. The Madison State bank building was sold last week to Amelia and Arthur Smith for a consideration of $9,000.00. The bank bought the building a few years ago for $15,000.00 and spent several thousand more improving it. The State bank voluntarily suspended business last January and up to the present time has paid depositors about 80c on the dollar. The new 1932 license plates. which were delayed in transit by an attachment issued against the manufacturers, are expected to arrive in Lincoln this week and will be shipped out to the counties at once. Mr. Wisenstine states that they will be available for auto owners by December 21st. The plates this year are blue and white. Mr. and Mrs. Thos. Kielty, Mrs. Rose Brogan and Miss Margaret Murphy motored to Omaha last Wednesday where Mrs. Brogan and Miss Murphy attended the state convention of county clerks and register of deeds.