Atlas Bank - Neligh, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 1, 1923*
Location: Neligh, Nebraska (42.129, -98.030)

Metadata

Model: gpt-5-mini
Short Digest: e0bbe472

Response Measures

None

Description

Articles report the Atlas Bank of Neligh failed to open its doors (state bank officials in charge) and later court records refer to claims against the bank in receiver's hands. No explicit run described. Sequence: suspension by state authorities and eventual receivership/closure.

Events (2)

1. November 1, 1923* Suspension

Cause: Government Action
Cause Details: Failed to open its doors; state bank officials took charge (official intervention/examination).
Newspaper Excerpt: The Atlas bank of Neligh, one of the largest banking institutions in north Nebraska failed to open its doors recently, State bank officials are in charge.
Source: newspapers

2. January 1, 1924* Receivership

Newspaper Excerpt: Application of The State Savings and Loan Association for leave to file claim out of time sustained. Claim now in hands of receiver. ... Receiver directed to report on above claims on or before Feb. 1925 and hearings thereon set for Feb. 16, 1925. (Neligh News court session references Atlas Bank in receiver's hands.)
Source: newspapers

Newspaper Articles (2)

1. November 23, 1923 Shoshone Journal Shoshone, ID

Article from Shoshone Journal, November 23, 1923

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Article Text

GENERAL The most luxurious private car in America is being built in the Pullman car shops at Chicago for Henry Ford. An egg boycott by householders of Chicago is urged by Joseph Rushkewiez, secretary of the city council's high cost committee, who charges that Chicago dealers are attempting to corner the egg market and create an artificial shortage that will boost prices to $1 a dozen. Herbert Moore's skull was so badly crushed in an automobile accident at Lincoln, Neb., that three plates were inserted to replace the bone and Moore is recovering. The Atlas bank of Neligh, one of the largest banking institutions in north Nebraska failed to open its doors recently, State bank officials are in charge. Exports from the United States during October amounted to $402,000,000, compared with imports of $303,000,000, leaving a favorable trade balance of $99,000,000. Run to earth just north of Kelliher, Minn., Leonard Portano, confessed slayer of four persons, was captured without a fight and brought to jail after authorities had frustrated efforts of armed men to take the slayer from them. The Oklahoma senate Wednesday afternoon refused to grant the prosecution the right to dodge martial law courts of the indictment, in the impeachment trial of Governor J. C. Walton. This was # big victory for Walton and apparently gives him the right to bring in evidence OR alleged b Ku Klux Klan floggings in justifica. Non of martial law and in the effort to show that # conspiracy has been formed to remove him from office. Two handits Wednesday shot and killed two bank messengers in an elevated station of the West End pubway line as Filty-lith street and New Firecht avenue, Brooklyn, enatched A leather box containing from ARE of that victims and find through AD awad Frowd in AP Automobile driven by # Thurne, Boted Town BELOF DAY 800 # rendidate last your for the Minter menate, AND le London 10 # message PRODIVED by the Line diventing

2. January 15, 1925 Neligh News Neligh, NE

Article from Neligh News, January 15, 1925

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Article Text

JUDGE WELCH HOLDS SHORT TERM OF COURT Disposes of Large Number of Cases in Session Held Last at Neligh Session of District Court held January 9th, 1924. Anson A. Welsh presiding. State Nebraska, ex. rel. Spillman, Atty. General Atlas Bank of Neligh, Nebr. Application of Walter H. Goff for leave to file claim out of time with claim attached sustained and claim attached considered as such claim. Application of Harry Krebeck, et al. for leave to file claim out of time sustained. Applicants 10 days to file same. Ap plication of The State Savings and Loan Association for leave to file claim out of time sustained. Claim now in hands of receiver. Application of Edward Wanek for same sustained. Receiver directed 'to report on above claims on or before Feb. 1925 and hearings thereon set for Feb. 16, 1925. Motion of Pioncer Ins. Co. for new trial on its claim No. 467 erruled. Claimant excepts. Trial on petition of Omaha Trust Co., Geo. Seymour and J. Melick based on notes of Karel Kmock. Finding for Petitioners. Receiver ordered to vey to petitioners J.J. Melick and Geo. N. Seymour the land in controversy and assign to them lease of same for 1924 and pay to petitioners the cash received on rent for 1924. Supersedeas bond fixed at $1000.00. Conditioned as required by law. Motion for new trial overruled. Receiver excepts. Trial on Trust Co. Geo. N. Seymour and Melick notes of Thomas H. Serk and Thos. C. assigned lateral. Finding that land was veyed Ray Swanson for bank in payment of Serk and Kirk notes and such conveyance reported by petitioners. Bank and Receiver have received rents and paid prior liens on said land, balance on payment of which with interest receiver, he is edirected to convey the petitioners. L. Baboock Alma Nuer Louisa enberger, et al, sale ordered. Proceeds ordered applied first in payment of costs. Bal. on plaintiff's decree. Blanche B. Gibson VS. Dewey V. Gibson. Deft. defaulted. Trial to court. Finding for plaintiff. Decree of divorce as prayed. Peters Trust Co. vs. Noe E. Ross, et al, Objections to sheriff's sale ovSheriff's sale confirmed. erruled. Decd ordered., Defts. except. Supersedeas bond fixed at $1000.00. The Prudential Life Ins. Co. vs. Jesse L. Freeman, et al. Motion for new trial by Seymour and Melick on of Effie B. Freeman eross-petition in her favor set sustained. aside and new trial granted thereon. Sale thereunder set aside. Defts Melick and Seymour given 20 days to answer cross-petition of Effie B. 30 given to answer Freeman. days continued. The Conservative Savings & Loan J. Adams, et al, Assn. vs. Thomas Sheriff's sale confirmed, Deed ordered. Proceeds ordered applied, first in payment of costs taxed to plaintiff and sale costs. Bal. to plaintiff. Occidental Bldg. & Loan Assn. vs. al, Sheriff's sale Bertram, et Mary ordered. Proceeds Deed confirmed. costs. Bal. on applied in payment plff's claim. Oakdale Bank of Oakdale, Nebr. vs. Stock Yards Petersen, et al, Carsten Nat. Bank given leave to file petition in intervention instanter. By request of defts. 60 days given them in which to answer same. & Loan Conservative Savings Ass'n vs. Jacob Hocrle, et al. Trial to court on crosspetition of Lois Miller except as to personal liability of Maggie P. Hoerle. Finding for crossof foreclosure and Decree petitioner. Passed for trial sale as prayed. P. liability of Maggie to personal Hoerle for any deficiency. O. Д. Williams vs. Chris Burkley, ct Dismissed by plff at plff's costs. Neligh Investment Co. vs. Mary E. Bertram, et al, Plaintiff dismisses as to 8th and 9th causes of action. Charles E. North vs. Ralph Van Auker, Dismissed Ly plaintiff at plaintiff's costs, United States Trust Co. VS. Frank Veber, et al, Elgin State Bank given leave to file petition in intervention. Katie Schutt et vs. Carsten Petersen et al, Defendants defaulted on petition of plaintiff. Finding for plaintiff. Decree of foreclosure of plaintiff's lien and sale. Passed for hearing on United States Trust Co. VS. Della L. Ludwick, et al, All defts. except Seymour defaulted on petition. Trial to court. Finding for plaintiff. Dora Krebs vs. Fred Olmsted, al, All defts. defaulted on petition except Frank B. Skinner. All defts. to defaulted thereon. Trial to court. Finding for plaintiff and Decree of foreclosure and sale as prayed. Thissen et al, Caroline Hugo Smith, et al, Motion of Defts. Margaretha Thadden, et al, for an order directing clerk to pay money in his hands belonging to them as proceeds of sale of their respective interests in various lands. Clerk so ordered. Penn Mutual Life Ins. Co. vs. HenThomsen, et al, Leave given for amendment of return of sheriff summons, so as to comply with the facts. Dena E. Smith VS. Arthur E Smith. Finding for plaintiff. Decree of divorce as prayed. In the Matter of the Application of for Writ of Habeas Mary Riggs Corpus for Warren Riggs. Demurrer to return overruled. Pereturn. Finding for respondent. Said recommitted to CounTrial petition and on to serve his sentence. Applicabond denied. tion for supersedeas Motion for new trial overruled.