13299. Antelope State Bank (Neligh, NE)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
October 1, 1929*
Location
Neligh, Nebraska (42.129, -98.030)

Metadata

Model
gpt-5-mini
Short Digest
7a6318c3

Response Measures

Full suspension, Books examined

Other: Reorganization involved 50% depositor writedown and reopening under new state law; attorney general consulted about prosecuting rumor-spreaders; depositors formed committee to select trustee.

Description

Multiple contemporaneous newspaper accounts (Oct 19, 1929) report a malicious run triggered by a remark at a club; the bank closed in mid‑October 1929 and was reorganized and reopened March 15, 1930 under a new law with a 50% deposit writedown and trustee/depositors' committee involvement.

Events (3)

1. October 1, 1929* Run
Cause
Rumor Or Misinformation
Cause Details
Widespread circulation of false and slanderous gossip/a remark at a club said to have urged depositors to withdraw funds; described as malicious and unfounded.
Measures
Board closed the bank after heavy withdrawals; appeal to Attorney General; state banking department involvement; depositors named a committee to work with state dept.
Newspaper Excerpt
You had better get your money out of that bank before it closes.
Source
newspapers
2. October 18, 1929 Suspension
Cause
Rumor Or Misinformation
Cause Details
Continual withdrawal of deposits over a period of two weeks prompted the board to close; state banking department took charge; reports state bank was sound but depleted reserves due to withdrawals and inability to obtain funds from correspondent bank at one point.
Newspaper Excerpt
Closing of the Antelope State Bank at Neligh closed Friday by order of the board of directors after alleged slanderous statements were circulated
Source
newspapers
3. March 15, 1930 Reopening
Newspaper Excerpt
Antelope State bank of Neligh... reopened Saturday after thorough reorganization under provisions adopted by the last legislature. ... With cash capital of $50,000 ... deposits approximately $200,000 ... depositors decided to accept writedown of 50 percent deposits ... to clean note cases all doubtful and slow paper.
Source
newspapers

Newspaper Articles (14)

Article from The Grand Island Independent, October 19, 1929

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Antelope State Bank Closed Said, Unnecessarily ASKED TO PROSECUTE Attorney General Requested To Criminal Charge Against Man Whose Remark Club Is Said Have Started Run. Lincoln, Neb., Oct. the State Bank of Neligh, allegedly the result of malicious three weeks ago, nounced by the State Banking and was coupled with partment today Attorney General Sorenappeal state The Commissioner stated, by Woods circulation of false and widespread back institution, added, was thorfor sound and would have been oughly able to weather the storm, making all depositors within payments reasonable time. More than $160,000 was withdrawn, was stated. Dan Swanson, state land commissioner, whose Ray, had been operating the bank for the five told Associated years, Press that the run was the result direct during the club meeting at Neligh three ago. purely malicious and absolutely unfounded," he declared. quoted the author of chance remark having said, had betyour money out of that bank before closes." The bank, Mr. Swanson added, had in excess of $250,000, and deposits though dull time the year, would have been able to stem the tide of withdrawals. In appealing to the attorney generWoods asked for specific instructions proceeding against the author the alleged remarks. reply prepared immediately after query, Mr. Sorensen advised that dealing with of this sort had been to the last legislatue but failed of do not have any criminal statute covering the situation at the present time, the persons guilty circulating false statements about bank can be sued civilly for damages. Where the closing of bank due false reports causes loss to depositors, this office will co-operate with you bringing suit for against the persons circulating the reports," added. The Antelope bank, Mr. Swanson said after with Commissioner Woods and Secretary Bliss, housed in one of the finest buildings the state, having been built more than $90,000. Though not stockholder director, Mr. Swanson said he had been interested times through his son. While receivership was first by the cashier, he will come Lincoln Monday for conference banking department officials, it stated. Though stockholders lose heavily the transaction, Woods stated depositors will less paid full. was president.


Article from Norfolk Daily News, October 19, 1929

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DAN SWANSON CHARGES RUN WAS CAUSED BY REMARK AT RECENT MEETING APPEALS TO SORENSEN Attorney General Doubts Criminal Statute Covers Case But, Says Civil Damages Might Be Collectto Pay Out Lincoln, Neb., Oct. Closing of the Antelope State bank Neligh, allegedly the result started three weeks ago, announced by the state banking department today and was coupled with an appeal to Attorney General Sorensen for state intervention. False Gossip Alleged The suspicion, Commissioner Woods stated, was "precipitated widespread circulation false slanderous gossip." The institution, he added, sound and would have been able to weather the storm, making payments to all depositors within reasonable More than $160,000 was withdrawn, was stated. Dan Swanson, state land commissioner, whose son, Ray, purchased and had been operating the bank past five years, told the Associated Press that the run the result direct statement during course club meetNeligh three weeks ago. Calls Report Malicious purely malicious and absolutely he declared. the author chance remark as having said, had better get your money out that bank before closes. The bank, Mr. Swanson added, deposits excess of and though now experiencing dull time of the year, would have been able to stem the tide of withdraws. In appealing to general, Woods asked for specific structions against May for Damages reply prepared after the query, Mr. Sorensen that law dealing with situation of this sort had been presented the last legislature but failed of passage. do not have an crimstatute covering the situation the present time, persons guilty circulating false statements about bank can be sued civilly where the closing bank due to false reports causes loss depositors. This fice will cooperate with you bringing suit for damages against the persons circulating ports," Mr. Sorensen added. The Antelope Bank, Mr. Swanson said after conference with Commissioner Woods and Secretary Bliss, housed in one of the firtest buildings in the state, havIng been built cost of more than $90,000. Though not stockholder or director, Mr. Swanson said he had been interested times through his son. While receivership was first asked by the cashier. will come Lincoln Monday for conference with banking department officials, was stated. Though stockholders may lose heavily transaction, Mr. Woods stated will doubt. less be paid in full. Peterson


Article from North Platte Daily Telegraph, October 19, 1929

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MALICIOUS RUN CAUSE, CLOSING STATE BANK STATE BANK BOARD APPEALS TO SORENSEN FOR INTERVENTION Lincoln, Neb., Oct. 19 (AP)Closing of the Antelope State Bank of Neligh, allegedly as the result of a malicious run started three weeks ago, was announced by the state banking department today and was coupled with an appeal to Attorney General Sorensen for state intervention. The suspension, Commissioner Woods stated, was "precipitated by a widespread circulation of false and slanderous gossip." The institution, he added, was thoroughly sound and would have been able to weather the storm, making payments to all depositors within a reasonable time, More than $160,000 was withdrawn, it was stated. Dan Swanson, state land commissioner, whose son, Ray, purchased and had been operating the bank for the past five years, told The Associated Press that the run was the result of a direct statement during the course of a club meeting at Neligh three weeks ago. It was purely malicious and absolutely unfounded," he declared. He quoted the author of chance remark as having said, "You had better get your money out of that bank before it closes." The bank, Mr. Swanson added, had deposits in excess of $250,000, and though now experiencing a dull time of the year, would have been able to stem the tide of withdrawals. An appealing to the attorney general, Woods asked for specific instructions in proceeding against the author of the alleged remarks. In reply prepared immediately after the commissioner's query, Mr. Sorensen advised that a law dealing with a situation of this sort had been presented to the last legislature but failed of "While we do not have any criminal statute covering the sit. untion at the present time, the persons guilty of circulating false statements about a bank can be sued civilly for damages. Where the closing of a bank due to false. reports causes loss to depositors, this office will COoperate with you in bringing suit for damages against the per sons. circulating the reports, Mr. Sorensen added. The Antelope bank, Mr. Swan son said after a conference with Commissioner Woods and Secretary Bliss, was housed in one of the finest buildings in the state, having been built at a cost of more than $90 000. Though not a stockholder, or director, Mr. Swanson said he had been interested at times through his son. While a receivership was first asked by the cashier, he will come to Lincoln Monday for a conference with banking depart. ment officials, it was stated. Though stockholders may lose heavily in the transaction, Mr. Woods stated depositors will doubtless be. paid off in full. P. H. Peterson was president. Look over the Telegraph clas sified ads.


Article from The Ewing Advocate, October 25, 1929

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CAUSE CLOSING BANK FALSE RUMORS START RUN ON ANTELOPE STATE BANK AT NELIGH. The Antelope State Bank at Neligh closed Friday by order of the board of directors after alleged slanderous statements were circulated in the community that the bank was to be file indicate that the bank was in sound condition at the time of the closing. No official announcement has been made of the condition of the bank when it closed. The deposits are said to have totaled $370,000 at the time of closing, having been diminished to that point by withdrawals. It was alleged to have veen in good condition, with $160,000 cash on hand two or three weeks ago, with $19,000 surplus and undivided profits, in addition to its capital stock of $50,000. The stock was owned principally by the three officers, P. H. Peterson, president; S. Nies, vice president, and Ray Swanson, cashier. Cashier Swanson is of Dan Swanson, state commissioner of public lands and buildings. is alleged that the announcement was made at gathering of women at Neligh two or three weeks ago that the bank was going to be closed the following Monday and that this started withdrawals which depleted the bank's cash and that the bank was unable to obtain money from its correspondent bank. Banking Commissioner Woods quested of Attorney General Sorenson full information as to any law in the Nebraska statutes that would permit the prosecution of those sponsible for the closing of the benk. The attorney general answered. While we have any criminal statute covering the situation at the present time, the persons guilty of circulating false statements about bank can be sued civilly for damages." He assured the banking department that his office would co-operate in the filing of any suit against the persons guilty of this action. A bill was introduced at the last legislature but it failed to pass. The attorney general urged that the banking department place such a bill before the next legislature terming the person guilty of "ruining bank by slanderous statements does far more damage than robbing bank at the point of a Journal. THURSDAY CLUB MEETS The Thrusday Bridge Club met with Mrs. H. Marble Thursday afternoon with all members except three present. Mrs. L. A. Miller and Mrs. Minnie B. French were guests. Mrs. E. Davies won high score. Lunch was served by Mrs. Wunner and Mrs. G. H. Benson. Mrs. A. McKay will be hostess to the club the first Thursday in November.


Article from Bloomfield Monitor, October 31, 1929

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Happenings During the World's Series Games Cora Neilson of Wynnewood. Pa., took along " cot. U. S. Senator-Suspect William Scott Vare went out In a crowd for the first time since he fell sick a year ago. Worshipful Master Ralph A. Werthein fell dead beside his radio. William Tennyson of Philadelphia stood in line a day and night and sold his place for $5. One Edward Johnson of Decatur. III. sat on camp stool in the street all night, bought $1 ticket, sat down again in the bleachers and slept through what he had come to Nee. Deputy Marshal McBride of Utica. Miss. had an ar gument with James H. Llewellyn at filling station Llewellyn drew knife McBride shot him dead. Re porter Tsunekawa of the Osaka Maini chi Shimbun and Reporter Saburo Su zuki of the Tokyo and Osaka Asahi sat among 105 telegraphers and sent stories by direct cable to Japan. In 15 Chicago public schools children marched two by two into assembly halls, listened to broadeasting. later told their fathers, many of whom complained by letter against "misedu cation." Eight ticket scalpers were arrested and let off. One J. A. Nor wood. who had come from Texas, and A hundred other people presented tickets they had bought from sealpers and were sent home Mrs. Stanley Field dropped a $3,000 brooch, re ceived it back from an honest finder came back next day without jewels All these things and more hap pened last week because in Chi ago and then in Phildaelphia, the Chicago Cubs played the Philadelphia Ath leties for the championship of the world." FIRST GAME People who had figured that 35-year-old Spitballer Howard Ehmke would work in the series only If every other Philadelphia pitcher WHS sick or knocked out of the box, did not reckon on an odd under standing between Ehmke and Manager Connie Mack Before the regular season ended Manager Mack sent Ehmke to scout the Cubs. He told friend in confidence that though Ehmke had needed relief in each of the only two games he won for the Athleties this year, he would let him start if Ehmke said he wanted to. "He has one good day a year, and he knows when it's coming.' Amazed the Chicago rooters saw Pitcher Ehmke's easy looking curves. mixed with occasional fast ones, break a world series record by striking out 13, saw him in the third inning, with two men on. fan famed hitters Rogers Hornsby and Hack Wilson with a total of seven pitched balls. Every delivery, made with sidearm motion wide of the box, kept the ball lined against a blind spot, made by some extra bleachers in the green outfield which Ehmke had noticed in practice Rallying behind him, the Athleti took enough hits from Chicago Pitcher Charley Root to win. 3 to 1. SECOND GAME. Outfielder Jimmy Foxx. the youngest Philadelphian. knocked wild pitch for a homerun. his second of the series, with two friends on base In the fourth in ning the Athletics scored three time more and Manager McCarthy of Chi cago took out Maloue, one of his best pitchers. With one out, the bases filled. and the infield playing close 80 as to be able to field a grounder home, Cub Shortstop English honeheaded to second. Pitcher Earnshaw, if Philadelphia, tired but his successor muscular Robert Moses Grove. proved that good left handed pitcher can do better than tradition says against a team of right handed hitters. Athleties 9. Cubs 3. THIRD GAME. Cub Pitcher Guy Bush coming up to bat at the start of the sixth, capered. skipped and grimaced according to instructions of McCarthy. who had said to him "See if you can diddle a walk." With Bush and English on base, Hornsby and Cuyler razzed as they came up for having struck out twelve times in two games and a half. each made clean hits After that Pitcher Bush reemed to get more speed on the ball his curve broke faster and Philadel phia only got one more hit. Cubs 3, FOURTH GAME. Pitcher Charlie Root had kept the Athletics to three senttered hits and the Cubs were leading. 8 to 0 when Left Fielder Simmons I Philadelphia came up to hat in he seventh inning. While a phonograph pushed up against amplifiers dayed, "I've Got a Feeling I'm Fallng and the crowd screamed as no World Series crowd has screamed for decade, Simmons hit home run Foxx. Miller. Dykes, Boley and Bis op singled. Old handed Arthur Nehf who used to pitch for the Giants. vent in for Root. Then Pitcher Blake vent in. then Pitcher Malone went in le hit Hiller in the ribs with a crazy itch while the Athletics in their clean ream-colored uniforms continued to run around the bases. After that inning the Cubs (8) were too shaken score. the Athletics (10) too tired FIFTH GAME. President Hoover fter watching a pitcher's battle ap parently won by Pat Malone Chica (0). was getting up to go when Phila lelphia's Mule Hans came up to at in the Linth inning and knocked straight pitch over the right field fence, bringing in Bishop and tying the score. By slaps and gesticulations since words could not be heard. Cubs tried to make Malone feel better, but his nerve was gone. He took a long breath, got rid of Mickey Cochrane on a grounder: burly Simmons doubled Joe McCarthy signalled to pass Foxx While the crowd, inimical to strategy, was hooting this, Miller's two bagger brought the run that won the champlonship and $6,000 prize money for each first-string Athletic: to each Cub loser's dole-went $4,000. been able to weather the storm. making payments to all depositors within a reasonable time Dan Swaoson. state land commissioner. whose son. Ray, purchased and had been operating the bank for the past five years, said that the run was the result of a direct statement during the course of a club meeting at Neligh three weeks ago. "It was purely malicious and absoIntely unfounded," he declared. He quoted the author of a chance remarks as having said. "you had better get your money out of that bank before closes. The bank. Mr. Swanson added. had deposits in excess of 250 thousand dollars, and though now experiencing dull time of the year. would have been able to stem the tide of with In appealing to the attorney general Woods asked for specific instructions in proceeding against the author of the alleged remarks. In a reply, prepared immediately after the commissioner's query, Mr. Sorensen advised that a law dealing with a situation of this sort had been presented to the last legisla ture but had failed of passage. 'While we do not have any eriminal statute covering the situation at the present time. the persons guilty of circulating false statements about a bank can be sued civilly for dam ges. Where the closing of a bank due to false reports causes loss to depositors, this office will co-operate with you in bringing suit for damages against the persons circulating the reports.' Mr. Sorensen added. The Antelope bank. Mr Swanson said. after a conference with Commis sioner Woods and Secretary Bliss was housed in one of the finest build ings in the state, having been built at a cost of more than SO thousand dollars Though not a stockholder or director. Mr. Swanson said he had been interested at times through his son. While receivership was first asked by the cashier. he went to Lincoln Monday for a conference with bank ing department officials, it was stated Though stockholders may lose heavily in the transaction, Mr. Woods states depositors will doubtless be paid off in full. R. H. Peterson was People had better be careful when they utter words that are a detriment not only to themselves but to business institutions of the city. Here Is case where a bank was as sound as could be, but a few words dropped by a person, possibly unihtentionally, caused a run on this institution with disastrous results. What must be the conscience of the man or woman who uttered those words that caused grief and sorrow to officials as well as the countless depositors. He should make restitution and help the people in getting back their bank. Down in Taylorville, III., the other day. the last of four banks, the Farmers' National Bank, defied the psy. chological fear that caused the closing of five banks in that county following the failure of one bank Officials of the bank declared that they could pay every depositor every cent if need be at the beginning of a day's business. and it seemed like every depositor intended to resort to the old fashioned saving sock and test the word of the Then early in the afternoon, with line of depositors numbering more than 250 extending far into the street, who were making a run on the bank. there came the droning of an airplane. Overhead the giant bird circled. sought he landing field and darted from "It's come." shouted a bank official. "What?" asked a depositor. "Money from Chicago!" The word went down the line. A few dropped out. Others were skeptical. While some were debating with themselves the sheriff and seven deputies, each armed with a shotgun. have into sight. With them were three Chicago Federal Reserve bank offitals carrying money bags. There was a cheer Glum faces were replaced by smiling ones. The line melted into nothing as if by magic. Almost before the Chicago money got into the cages another line was forming. It was depositors putting their money back in the bank When the officials uttered those words they did not suspect that the people would take the matter seriously and start a run on the bank. With the strife that has been had among the banks over the country during the deflation period. people ha become quite skeptical. They live in fear of losing their life's saving and they take precautions to guard against it he bank at Taylorville made its worl good. although it must have cost them quite sum of money to stem the long line of depositors who were there to draw their money. In Bloomfield, we are very fortunate. Although the depositors have taken their loss in both of the banks which closed last spring, they have re organized the institutions so that no fear may be entertained as to their stability and safeness. All shadows of doubt have been removed and our banks are once more on a better and firmer foundation than they have ever been before. With the men behind these institutions-with their wealth and is every reason to believe that a reoccurrence of the sad situation which faced these Institutions after the great war, when defla- tion swept the country will be averted in the future. People are, gradually restoring their confidence in our banks, and each month marked in crease in th. amount of money and the number of depositors can be noticeably seen.


Article from Bloomfield Monitor, October 31, 1929

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Gossip At Club Closes State Bank At Neligh Closing of the Antelope State bank at Neligh. allegedly as the result of malicious run started three weeks ago, was announced by the state banking department today and was coupled with an appeal to Attorney General Sorensen for state intervention. The run started on the bank by a widespread circulation of false and slanderous gossip at a club in Ne ight. More than 100 thousand dollars was drawn from the bank. It is said. The institution is said to have been Thoroughly sound and would have


Article from Wheeler County Independent, October 31, 1929

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COUNTY BANKS IN HANDS OF STATE The Antelope State Bank of Neligh failed iko open its doors for business Saturday morning and its affairs at in the hands of are present the state banking department. Ao+ cording to reports, the closing of this bank followed continual withdrawal of deposits over period of two weeks or more. The Antelope State Bank opened for business several years ago in the building formerly occupied by the Bank. H. Peterson president and Ray Swanson, cashier. It has capital stock of and surplus fund of $10,000. Deamounted to about $500,000 posits at the time of the last statement. It generally believed that the bank was in excellent condition, and that its closing was due to unfounded rumors which caused deposit withdrawals. It charged by some that these rumors were spread with malicious intent énemies of A meeting of depositors will take place this week and plans for reorganization will be discussed at that time. The Clizens State Bank of Clearwater was closed Monday on the ordof its president, Hemenway. A meeting of directors was held in the evening, at which time the president's action was confirmed. The state banking depatment took charge Tuesday. Depleted reserves is given as the cause. Leo Rose is cashier of the Clearwater bank which capitalized at Review.


Article from The Tilden Citizen, November 7, 1929

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OUTLOOK FAVORABLE FOR OPENING NELIGH BANK The outlook is favorable for the reopening of the Antelope State Bank at Neligh which closed its doors two weeks ago following a heavy run. The depositors, at a recent meeting, named a committee composed of J. H. Recroft, A. E. Graybiel, Ben BrodJ. S. Carnes and C. H. Ray, to act for them in all matters pertaining to the settlement of the af fairs of the bank. This committee is working in conjunction with the state banking department in cheeking up the assets. Whether the bank will be reorganized or placed in the hands of a receiver will be determined after the committee has gone over the paper held by the bank. Geo. H. Wood, state banking dept. head, told the depositors that in his opinion the bank was absolutely solvent and that the heavy run made upon the institution was not warranted by the facts. Mr. Wood also explained fully the law under which the affairs of the bank may be hand led.


Article from The Mitchell Index, December 26, 1929

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Established 1901 per Annum ADVERTISING RATES Display advertising, 25 cents per Inch each insertion. Additional charge for special position; no deduction for plate furnished. Agency commission only to regularly established agencies. Locals in "Want-Ad" column are cents per line per week, with miniman charge of 25 cents. Same with news locals 10 cents per Ine. Lengthy readers, such as Sale Notices, Political Announcements, Obituary Poetry and reading matter of any kind, 5 cents per line. Legal notices at legal rates. WAGGING TONGUES So it goes. The reports concerning the closing of the Harrison State bank last week indicate the work of ging tongues," this time in the form of a newpaper report, which was magnified from mouth to mouth, until led to run on the In order save the bank from utter ruin, the officers closed the doors. The same kind of case developed in Neligh, Nebr., few weeks It is said the first ago. of the bad reports about the Antelope State bank was started at bridge party. The story that the bank was weak was spread from mouth to mouth, until it caused run, and the bank closed. The writer witnessed bank "run" in Milwaukee some years ago, which was started by disgruntled borrower. The depositors were mostly foreigners, and the borrower, who had been turned down at the bank, decided to even things up and came very near doing it. The whole foreign population made demands for their deposits. When other banks in the city learned of the predicament of bank, they sent all available cash they could muster to the aid of the particular institution, for other banks knew it to be safe and sound bank. Depositors who demanded the money got it. Along in the afternoon, the depositors began to relaize they had been led to believe an untruth, and steady stream of re-depositing began to flow into the bank. The banks of the city saved fellow institution and averted crash. But that kind of a condition cannot exist in small towns. Cash is not available to stem rush of deposit withdrawals, even though other banks are certain the bank which is being "run" is sound. In these times, when there have been so many bank failures, people are more given to talk of this bank's condition, that bank's condition. Now and then some easily influenced man or woman gets fearful of some certain bank, draws out his or her money, and then proceeds to tell friend what he did. This leads to others becoming panicky, and the next thing that happens good bank weakened and oftentimes, as in the above mentioned cases, the bank is closed. And all this happens without foundation. Banking laws require banks to publish statements of condition. These statements appear at intervals about every three months. They are for the perusal of the public and are for public protection. Most anyone can read bank statement and judge its condition. True, it is, that the note case tells the story, but if there is a good spread between the deposits and the loans, and the cash reserve is fifteen or more percent of the deposits, there is little fear that the bank is going to erash any time soon. The public could, if it would, find out for itself the condition of any bank it is interested in. and thereby gain first hand information without relying upon the "bunk of the busy brains" or the reports of the "wagging tongues." Bank failures in any town are not to be desired, and many of them could be averted if people would think more and talk less. How from Growing Old A writer in the American Mutual magazine said in sarcastic way, lot of things that would be well for many of us who drive automobiles to think about. Here they are: "Alwaws drive fast out of alleys; might hit policeman; there's no telling. "Always race with locomotives to crossings; engineers like it; it breaks the montony of their jobs; it is always good test for your car. "Always pass the car ahead on the curves or turns; don't use the horn because it might unnerve the other fellow and cause him to turn out too far. 'Demand half of the road, the middle half; insist upon your rights. "Always lock your brakes when skiding; it makes the job more artistic; often you can turn clear round. "Always drive close to pedestrians in wet weather; dry cleaners will erect monument to your memory. "Always try to pass cars on hills when it possible; it shows your bus has more power, and you can turn surely if you meet another car at the top. "Never look around when you back up; there is never anything behind your automobile. A few shots of booze will enable your car to do real stunts; for permanent results quaff long and deeply of the flowing bowl before taking the wheel. "Drive as fast as you can on wet pavements; there is always something to stop you if you lose control, often heavy truck of plate glass window. "New drivers should be shown how to drive fast in heavy traffic; it gives them the experience every motorist should have. "Never and listen at railroad crossings; it consumes times, and besides nobody believes in signs. "In wet weather drive in trolley tracks; it's smoother going." One of the cheapest kinds of advertising bunk which has been promulgated lately was when the Radio corporation of America tried to create the impression that President Wilson initiated this organization through Mr. Owen D. Young, whom many gard as a possible presidential candidate on the democratic ticket. Mr. Young is one of the active executives of an organization closely affiliated with the Radio corporation of America. The basis for the report is that President Wilson did urge Mr. Young not to allow the patents on certain important radio devices get into the hands of foreign holders to the detriment of this country. The radio corporation of America is very im portant link in the radio trust, and the idea of such private monopoly was wholly abhorrent to President Wilson. But this only shows to what lengths selfish men will go to forward their own ends. President Hoover set up farm lief board to relieve agriculture, pointing Chairman Legge of the harvester trust to head it. He then sets up business board to relieve market depression, and appoints Julius H. Barnes, head of the wheat trust, to be its chairman. Now Legge and Barnes are quarreling with each other, and farm relief seems just as mote as ever. Artificial farm relief farce. Getting square deal for agriculture, which is the only intelligent way to give farmers an opportunity to work out their own relief, seems long way off. The Greeley, Colorado, News, expresses the hope, now that Commander Byrd has the south pole, he may "find the darned thing, and will bring it back to set up somewhere where the rest of have chance to see it without running the risk of taking cold." Many valley farmers made New Year resolutions this fall that will probably go the way of many that will be made next will be postponed. To make the Christmas season complete, why not pay your subscription that is, if there is anything left to pay with. It would take powerful magnifyglass to make some bank accounts discernable today. Christmas comes, but once year's Happy New Year to you. NOTICE To residents of Sioux County: The law provides that automobile licenses shall be procured from the county treasurer of the county in which you reside. You are requested to purchase 1930 licenses from county treasurer of Sioux county. County Board, Sioux Co., Nebr. Famous Crackers— Soda. Ice. Oyster. Nut. Safe. Whip. Dome. Fire. Jim. Wise.


Article from Neligh News, December 26, 1929

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Santa Gives Party for Neligh Boys and Girls Re-organization of Bank of Meeting Progressing; All Depositors Is Called Great Care Should Be Exercised in the Selection of Competent Trustee to Take Charge of the Collection of Assets" The first definite move toward the reopening of the Antelope State bank has been made in the call, which will be found elsewhere in this paper, for meeting of depositors to select trustee to have charge of the portion of the failed bank which is to turned over to them for the liquidation of their fifty per cent of deposits waived. Following the signing of sufficient amount of waivers, this is necessary to able the to proceed. The call has been issued by the depositors' committee of the Antelope State bank of Neligh, Nebraska, for depositors meeting to be held at the city auditorium Thursday evening, January 2, 1930, o'clock for the purpose of selecting trustee. This the second step in the reorganization of the bank, and one which should be taken with care, as the amount the depositors receive on the fifty per cent waived depends largely the selected upon person trustee. He should be man of known ability and responsibility; one is good judge of values, pecially farm and livestock values, and he should be resident of Antelope county. If the depositors can exercise the same judgment and discretion in selecting trustee that they did in selecting depositors committee ,there no doubht but what the trustee selected will be thoroughly competent and cient one.


Article from Neligh Leader, December 27, 1929

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TO REOPENING Depositors Called to Select Trustee NEED FOR GREAT CARE Amount They Realize Depends Greatly Party Who Handles Assets The first definite move toward the reopening of the Antelope State bank made call, which will be found in another place in this paper for meeting of depositors to select trustee to have charge of the portion of the failed bank which is to be turned over to them for the liquidation of their fifty percent of deposits waived. Following the signing of sufficient amount of waivers this necessary to enable the reorganizato The call has been tion proceed. issued by the depositors committee the Antelope State bank Neligh, Nebraska, for depositors meeting to be held the city auditorium Thursday evening, January 1930, 7:30 o'clock for the purpose of selecting trustee. This is the ond step in the reorganization of the bank, and one which should be taken with care, the amount the depositors receive on the 50 percent waived depends largely upon the perselected trustee. He should be man of known ability, and sponsibility One who good judge of values, especially farm and livestock values, and should be long time resident of Antelope county. If the depositors can exerthe and discrecise same judgment tion in selecting trustee that they did in selecting depositors committee, there no doubt but what the trustee selected will be thoroughly competent and efficient one.


Article from The Bladen Enterprise, January 10, 1930

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NEBRASKA WEEKLY INDUSTRIAL NOTES. Lincoln-Agitation underway in this city to supplement water supply with water from Platte River. Plattsmouth-G of Nebraska approach to new Missouri River bridge at this place nearing completion. Creighton-Two 50-ft. lots on west Main Street purchased for $25,000; new owners will erect new building. Neligh-Antelope State Bank to reopen. Wolbach-Establishment of ba k here practically assured. Lincoin-$75,500,000 for public buildnigs, roads, bridges. sewers, and other public works will be spent during 1930 by 55 Nebraska countles and cities, villages, and school districts situated within them.


Article from Lincoln Journal Star, March 15, 1930

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BANK OPENS Antelope State enth Reorganized Under New Law. Antelope State bank of Neligh, which closed former officers Oct. 18, 1929. reopened Saturday after thoro tion under provisions adopted the last legislature. It to reopen under the new law. With cash capital of $50,000 and surplus the bank has deposits approximately $200,000 and cash reserve of percent. According to George W. Woods, bank depositors decided to accept writedown of 50 deposits order the note cases all doubtful and slow paper The officers are C. H. Ray, Fred Penn, vice president; R. Genoways, cash-


Article from Lincoln Journal Star, March 15, 1930

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BANK Antelope State enth Reorganized Under New Law. Antelope State bank of Neligh, which closed former officers Oct. reopened Saturday after thoro reorganization under provisions adopted by the the to under reopen the With cash capital of and surplus the bank deposits of approximately cash reserve of percent. According to George W. Woods, bank depositors decided to accept writedown of 50 percent deposits order to clean note cases all doubtful and slow paper. The officers H. Ray, president: Fred Penn, vice president; Genoways, cash-