13268. Nebraska State Bank (Milligan, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 18, 1925
Location
Milligan, Nebraska (40.500, -97.388)

Metadata

Model
gpt-5-mini
Short Digest
39e797bf

Response Measures

None

Description

Articles (both 1925-06-18) refer to E. J. Dempster as receiver of the Nebraska State Bank of Milligan and to litigation by the receiver under the stockholders' liability act. No article describes a depositor run; the bank was in receivership (permanent closure).

Events (2)

1. June 18, 1925 Receivership
Newspaper Excerpt
E. J. Dempster, receiver of the Nebraska State Bank of Milligan, vs. E. J. Kotas, ... under the stockholders' liability act.--Geneva Signal.
Source
newspapers
2. June 18, 1925 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank placed in receivership and litigated under the stockholders' liability act, indicating insolvency/serious bank-specific problems.
Newspaper Excerpt
E. J. Dempster, receiver of the Nebraska State Bank of Milligan, vs. ... under the stockholders' liability act.
Source
newspapers

Newspaper Articles (2)

Article from Fillmore County News, June 18, 1925

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Article Text

The News has always advocated the idea that a state should never inflict capital punishment. When a man is convicted on circumstantial evidence as was Walter Ray Simmons for the murder of Frank Table, there is a double reason for the stand taken. He was sentenced to die several months but *has been reprieved from time to time by both Governor Bryan and Governor McMullen. His last reprieve was granted last Tuesday until July 9. Simmons maintains that he is innocent. Suppose that he is innocent and had been executed at the time set by the court. The state could not give back his life, while if imprisoned and afterwards found to be innocent, he could be given his liberty and in that way be recompenced in part for the mistake made. Those who advocate capital punishment claim that it lessens crime. That claim is not proved by statistics from states where 'capital punishment is prohibited. There is no argument for it except what is based on vengeance and barbarity. Every community has the following classes of people-Those who feel that they are under obligations to others and those who think everybody else owes them and they owe no one. David Grayson says a person of the former class becomes beautiful, while the other develops into shabby man. Isn't Grayson right? Which would you rather talk with, the person who can appreciate what others have done for them or the one who never gets a square deal and looks upon everybody but himself as a grafter? All of the latter class who have intelligence enough to weigh conditions would be changed into the former if they would take a few minutes from pitying themselves and condemning everybody else and look conditions squarely in the face. How much do we owe Benj. Franklin for bringing the lightning down his kite string? Or Thos. A. Edison for his work in electricity Or the inventors of all the modern farm machinery and household appliances. Or the founders of this nation for giving us the government we are enjoying Or the thousands of others who have given their time and talent for results, the benefits of which we never could have had without them? No answer can be given. If our indebtedness to others in material benefits cannot be estimated, how about what has been done for us in a spiritual sense When any individual views himself in the true light with respect to his relation to the great scheme of things, how insignificant he becomes! State Bank of Omaha, vs. D. W. Geiselman, a motion filed by the de fendant that the plaintiff be requir ed to make his petiton more definite and certain was sustained by the Guy A. Hamilton was appointed guardian ad litem of the minor defendants in the partition suit of George F. Mason vs. William A. Ma son, et al. In the partition suit of Lester L. Stephens vs. Mary Steph ens Amis, et al, H. M. Link of Exeter was appointed referee. In the matter of the application of Janie Hunter to sell real estate belonging to the estate of her husband, E. H. Hunter, deceased, the court gave permission to sell the property. Guy A. Hamilton was ap pointed guardian ad litem of the two minor childrenj The injunction suit of William Gewecke Jr. vs. Lena Kappmeyer was dismissed. Grady Corbitt was appointed guardian ad litem in the matter of the apointment of John Simacek. guardian of his four chijdren, for license to sell real estate. In the partition suit of Gladys Sunshine Marble vs. Creola Ruby Wythers, et al. Guy Hamilton was appointed guardian ad litem. In the partition suit of Kate W. Curtiss vs. Val B. Curtiss, William Sloan was named guardian ad litem for the defendant Grady Corbitt was appointed guard ian ad litem for Lizzie Banld. incompetent in the action for license to sell real estate. Yesterday afternoon the court took up the case of E. J. Dempster, receiver of the Nebraska State Bank of Milligan, vs. E. J. Kotas, Frank R. Soukup, Mary Krisl, Jas Bors, James Motis Albert Kassik, James Krejdl, Albert Frycek, Frank Kassik, Propok Janouch, S. S. Welp ton, Adolph Kotas and D. B. Whelp ton under the stockholders' liability act.--Geneva Signal.


Article from Fillmore County News, June 18, 1925

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Article Text

DISTRICT COURT Judge R. M. Proudfit of Friend convened an equity term of district court at Geneva Monday afternoon. That afternoon was spent in reading the docket and disposing of minor matters. Tuesday was citizenship day Seven applicants for final naturali zation papers were examined by the court and all were found sufficiently informed on United States history the constitution and our method of government to receive their citizenship. Those admitted were Albert Biba, Jens Carl Peterson. Caroline Matejka, Gusta Franz. Claus Franz, Nels Swanson and Wilhelm Gehrken. The court allowed the claim of R. B. Waring for attorney Services in the case of the state of Nebraska vs. Nebraska State Bank of Mil ligan at $117.40 over the objection of attorneys for the bank receiver The final report of the referee in the partition case of Frances Kness vs. Mabel Real, et al was approved and the referee was discharged. The report of W. R. Fulton, ref eree in Bertha Dierberger vs. Her man Woltje was also approved by the court. The judgment suit of the Dr. Ben jamin F. Bailey sanitarium company vs. Mrs. Hattie Couch of Exeter was settled out of court. Evidence in the divorce suit of Cecil Emerson vs. Charles O. Emerson was heard and the plaintiff was granted a decree of divorce to become effective in six months. She was also given the custoy of two minor children. The defendant did not contest the action. In the foreclosure suit of Len J. Davis vs. Frank Kuska, et al Guy A. Hamilton was appointed guardian ad litem for the Kuska minor child ren. In the judgment suit of K. C.