13351. Bank of Ogallala (Ogallala, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 13, 1896
Location
Ogallala, Nebraska (41.128, -101.720)

Metadata

Model
gpt-5-mini
Short Digest
86532a9c

Response Measures

None

Description

Multiple contemporaneous newspapers report the Bank of Ogallala 'failed to open its doors' (Jan 13, 1896) attributed to slow collections and the failure of another bank with which it was interested. A later notice (Jan 17) states it 'has gone into the hands of receivers.' No article describes a depositor run; sequence is suspension followed by receivership (closure). OCR variants of Ogallala (Ogalalla, Ogalalla, Ogalallla) were corrected to Ogallala.

Events (2)
1. January 13, 1896 Suspension
Cause
Local Banks
Cause Details
Slow collections and the recent failure of another bank in which this institution was interested led to its failure to open on Jan. 13, 1896.
Newspaper Excerpt
The Bank of Ogallalla failed to open its doors this morning. Slow collections and the recent failure of another bank in which the institution was interested are assigned as reasons for the failure.
Source
newspapers
2. January 17, 1896 Receivership
Newspaper Excerpt
The Bank of Ogallalla, Neb., and the Bank of Stration, Neb,, have gone into the hands of receivers.
Source
newspapers

Newspaper Articles (7)
1. January 14, 1896 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 14, 1896

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Article Text

Items of General Interest From All Over the Universe. Rome, Jan. 13.-King Humbert today received in private audience Dr. Nevin, director of the American church here. Washington, D. C., Jan. 13.-Senator Gear of Iowa introduced a bill in the senate today for the admission of New Mexico into the Union. London, Jan. 13.-Tatham & Co., brokers, were declared defaulters on the stock exchange today. Their failuer was due to the drop in new chatereds. Sioux Falls, S. D., Jan. 13.-Last night Station Agent Shipley of the #Illinois Central at Wowena was robbed of $200 by two men who forced him to open the safe. Philadelphia. Pa., Jan. 13.-At the meeting of the Philadelphia and Reading railroad today, President Harris and the present board of directors were re-elected. Lacon, Ill., Jan. 13.-Three brothers named Lettner who were skating last night on the Illinois river at this place, broke through the ice. The youngest, aged 12, was rescued. The others were drowned. Washington, D. C., Jan. 13.-General Oliver P. Gooding of St. Louis, who has been confined in St. Elibabeth's insane asylum for the past eight months, escaped yesterday and has not been recaptured. Los Angeles, Cail., Jan. 13.-Occidental College/was burned to the ground today. Loss $70,000; insurance $17,000. The college was built and controlled by the Presbyterians. The building is a total loss. Philadelphia, Pa., Jan. 13.-A scaffold on which three painters were working in South Second street fell this morning William Anderson and Edward Petraski were instantly killed and Henry Patterson fatally injured. Ottawa, Ont., Jan. 13.-Cope Clementi, who has been collector of customs here for nine years, has been missing for nearly a month and is said to be a defaulter to the amount of $30,000. He is reported to be in Chicago. Philadelphia, Jan. 13.-The three brothers, David, William and George McKissen, aged respectively 19, 16 and 7 years, died today from the injuries received in last night's explosion, while they were attempting to blow open a toy safe with dynamite at their home. Denver, Jan. 13.-The Gulf road has authorized scalpers to sell tickets to Chicago for $25, St. Louis, $21.50 and Missouri river points $14.50,thus making a general out of $2.50 to $4.50. The cut was made on account of the coal rate war inaugurated by the Santa Fe. Newmansfield, Fla., Jan. 13.-Harry Jordan, a colored desperado, was corraled in an unoccupied house near Alachua yesterday by a posse. He was armed with a rifle and refused to surrender when the posse set the house afire. He was buried in the blazing debris. Trenton, N. J., Jan. 13.-The United States court of appeals has rendered a decision sustaining the decision of Judge Green, of the New Jersey circuit count. against Walter Scott, in the suit of Robert Hoe and company for the infringement of a patent for a printing press attachment. Omaha, Neb., Jan. 13.-A special to the Bee from Ogalalla, Neb., says: The bank of Ogalalla failed to open its doors this morning. Slow collections and the recent failure of another bank in which the institution was interested are assigned as reasons for the failure. The capital stock was $12,000. Omaha, Jan. 13.-Ex-City Treasurer Bolln was released from jail tonight, having secured bond in the sum of $40,000. His alleged shortage is in the neighborhood of $115,000, but he has not been specifically charged with the loss of that amount yet. His bondsmen say they will pay the shortage. Yankton, S. D., Jan. 13.-Within the past week 200 citizens of Boyd county, whose families were suffering from cold, invatied the Fort Randall military reservation and cut all the timber. The custodian of the garrison telegraphed that they would probably destroy and carry off the buildings in a day or two. Washinigton, Jan. 13.-In a quiet way a great deal of preparation is being made at both the war and navy departments for the hostile emergency that may artse from the Venezuelan commission's report. Orders have been issued in both the departments to increase the reserve supply of ammunition. Baltimore, Jan. 13.-Professor Richard L. Garner, who is in Africa trying to demonstrate the correctness of his theory that monkeys talk to each other. has written to his son in this city sayIng hat his mission has been accomplished. His researches have been carried on under the auspices of the African research society of Chicago. Denver, Colo., Jan. 13.-Judge Hallett in the United States district court today announced discision not to give a decree for the foreclosure sale of the South Park railroad at the present time He said that he thought the matters set forth in the cross bill filed by the Union Pacific should first be settled and then the question in regard to the ownership of the Union depot stock should also be settled. New York. Jan. 11.-Captain Issae Vreeland, aged 71 years. one of the oldest pilots in this vicinity. died after a lingering lllness at the home at Tompkinsville, S. L. today Captain Vreeland was in command of the ferry bost Westfield when her bollers exploded

2. January 15, 1896 Morris Tribune Morris, MN
Article from Morris Tribune, January 15, 1896

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Article Text

FINANCE AND TRADE. Uncle Russell Sage is said to be healing an anti-Morgan bond syndicate movement in New York. According to Thoman's crop report the condition of winter wheat has fallen off about 4 per cent in a week, now being 82.6 The American Loan and Building association of Minneapolis has been placed in the hands of a receiver by the bank examiner. George M. Pullman must pay the Central Transportation company over $2,000,000, according to the decision of a Philadelphia judge. The mint director estimates that gold product of the United States mines for 1895 aggregated $46,000,000 to $49,000,000, and silver 45,000,000 fine ounces. Keene, Sutterlee & Co., one of largest exporting and importing firms of Philadelphia, have failed. It stated that the liabilities will exceed $500,000. The Bank of Ogallalla, Neb., failed to open its doors Monday morning. Sl collections and the recent fai ure of other bank in which the institution interested are assigned as reasons for the failure.

3. January 15, 1896 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 15, 1896

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Article Text

A Morning Surprise. OGALLALLA, Neb., Jan. 13.-The Bank of Ogallalla failed to open its doors this morning. Slow collections and the recent failure of another bank in which the institution was interested are assigned as reasons for the failure. The capital stock was $12,000.

4. January 17, 1896 The Goodland Republic Goodland, KS
Article from The Goodland Republic, January 17, 1896

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Article Text

NEWS NOTES. The Bank of Ogallalla, Neb., and the Bank of Stration, Neb,, have gone into the hands of receivers. Ex-City Treasurer Bolln, of Omaha, Neb., charged with embezzling $115,000, has been released from jail on bond. Maj. George Rockwell, a pioneer Kansan, died at Junction City on the 14th. He was 80 years old and located at Junction City in 1865. The annual meeting of the Kansas State Temperance union will be held at Topeka, March 3. An effort will be made to secure an attendance of 2,500 temperance workers. Jacob Shafer, an old soldier from Lincoln county, Kan., who has been an inmate of the Topeka insane asy. lum, committed suicide by hanging himself to his bedstead. The republicans have postponed formal orgahization of the senate until the admission of the Utah senatora. Senator Frye, of Maine, will be made president pro tem. of the senate.

5. January 22, 1896 The Ely Miner Ely, MN
Article from The Ely Miner, January 22, 1896

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Article Text

DOMESTIC. The Bank of Ogalalla, Neb., failed to open its doors. The banks at Blue Springs and Stratton, Neb., closed their doors. The Ketcham Lumber company in Chicago made an assignment with liabilities of $275,000. Gov. Upham issued a call for a special session of the Wisconsin legislature to meet February 14 to reapportion the state. William Oswell, of Ogdensburg, N. Y., shot and killed his mother and then ended his own life. He had been out of work and was despondent. A call was issued for all the Christian organizations in the United States to send delegates to a national Christian convention at Washington, D. C., to meet on Saturday, February 22, 1896, to consider the deplorable condition of Armenia. Commander Ballington Booth, who for nine years has been in supreme command of the Salvation Army in the United States, was ordered by his father to return to England. The American Savings and Loan association went into the hands of a receiver at Minneapolis with heavy liabilities. The superintendent of public schools at Perry, O. T., as a last resort to prevent mixed schools ordered every school closed. A new counterfeit $20 bill on the South Bend (Ind.) national bank was in circulation in that city. Charles W. Landell, manufacturer of glazed kid and morocco leather in Philadelphia, failed for $150,000. Brig. Gen. Charles A. Heckman. a veteran of the Mexican war and the rebellion, died at his home in Germantown, Pa., aged 73 years. The business portion of Pleasant Green. Mo., was destroyed by fire. In a family quarrel at their home near Jonesboro, Tenn., Joseph P. Dove and one of his sons and a daughter were killed. The government bond syndicate organized in New York by J. P. Morgan & Co., was dissolved. The failure of Keen, Sutterlee & Co., leather dealers in Philadelphia, for $4,000,000, carried down four other dealcrs, with aggregate liabilities of $400,000. The Bank of Wauneta, Neb., failed to open its doors.

6. January 25, 1896 The Madisonian Virginia City, MT
Article from The Madisonian, January 25, 1896

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Article Text

FINANCE AND TRADE. Uncle Russell Sage is said to be heading an anti-Morgan bond syndicate movement in New York. According to Thoman's crop report the condition of winter wheat has fallen off about 4 per cent in a week, now being 82.6 The American Loan and Building association of Minneapolis has been placed in the hands of a receiver by the bank examiner. George M. Pullman must pay the Central Transportation company over $2,000,000, according to the decision of a Philadelphia judge. The mint director estimates that the gold product of the United States mines for 1895 aggregated $46,000,000 to $47.000,000, and silver 45,000,000 fine ounces. Keene, Sutterlee & Co., one of the largest exporting and importing firms of Philadelphia, have failed. It is stated that the liabilities will exceed $500,000. The Bank of Ogallalla, Neb., failed to open its doors Monday morning. Slow collections and the recent failure of another bank in which the institution was interested are assigned as reasons for the failure.

7. January 8, 1897 Hopkinsville Kentuckian Hopkinsville, KY
Article from Hopkinsville Kentuckian, January 8, 1897

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Article Text

Financial and Industrial Interests-Notabie Disasters of Various Kinds-Crimes and Lynchings-The Political Arena Sportsman's Column. BUSINESS FAILURES. BANKS GENERALLY - INCLUDING VOL-UNTARY SUSPENSIONS. Jan. II-Exchange, Greeley Center, Neb. Fifth Avenue savings, Columbus, O. Jan 13-Bank of Ogalalia, Neb. Jan. 14-Banks at Blue Springs and Stratton, Neb. Jan. 15-Bank of Wauneta, Neb City bank, Minneapolis. Jan. 16-Irish-American, Minneapolis. Jan. 17-Farmers' national, Portsmouth Jan. 20-Bank of Commerce, Grand Island, Neb. Feb. 6-At Momence, III, bank of Wilton M. Durham Maurice, Ia., State Citizens', Connersville, Ind Feb. 14-Exchange, Flemingsburg, Ky. Feb. 17-McCague savings, Omaha. Mar. 3-Central Trust and Savings, Chicago. Mar. 6-Bank of Frankfort, Mich Malachi Maynard's, Apple River, III. Mar. -Sherman county, Goodland, Kan. Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar. 27-Midway (Ky.) Deposit. Mar. 30-First national, Morris, Minn. Apr. 4-Farmers', Decatur, III. Apr. 11-Chadron (Neb.) Banking Co. Apr. 16-First national, and Liberty savings, Bedford City, Pa. Apr 22-American national, Denver, Col., $865,231. Apr. 24-Grand Forks (N. D.) national. May 1--City savings. Hot Springs, Ark Bank of Fairland, III. May 7-Citizens', Union City, Ind. May 14-Sumner national, Wellington, Kan. May 19-Citizens', Edwardsburg. Mich. May 26-National, Jefferson, Tex. May 28-Bank of New England, Manchester, N. H. June 2-Bank of Maroa, 111 June 3-Farmers' deposit, Creighton, Mo. June 11-John A. Thompson's bank, Edinburg. Ind First national, Larned, Kan. June 16-First national, and Bank of Cheney, Chency, Wash June 25-Security savings, Winchester, N. H Hinsdale (N. H savings. July 13-People's savings. Lansing, Mich. July 16-First national, Hillsboro, O. July 23-German savings, Omaha. July 27--Farmers' bank, Rock Valley, Ta. July 29-Denison (O.) deposit. Aug. 6-American national, New Orleans Conkling Bros., Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7-Lake county, East Chicago, Ind. Ingham county savings, Lansing, Mich. Aug. 11-Security, Duluth, Minn. $800,000 Murray Hill, New York. $500,000. Aug. 12-Bank at National City, Col. Aug. 14-State bank. Peru. III. Aug. 19-Bank of Argentine, Kan. Aug. 21-Bank of Wymore, Neb. Aug. 24-Church & Son's state bank at Lowell, Mich Aug 28-Sloux national. Sloux City, Ia., $900,000. Sept. 1-First national, Beatrice, Neb. Sept. 2--Manufacturers' bank, West Duluth, Minn State Loan & Trust Co. bank. Ogalalla, Neb. Sept. 4-First national, Helena. Mont. Sept. 5-Jackson county. Black River Falls, Wis. Sept. 10-Mutual national, New Orleans. Sept. 11-Bankof Commerce, New Orleans. Sept. 14-Bennett national, New Whatcom, Wash Sept. 16-Midland state, Omaha, Neb. Sept. 17-Shellsburg (Wis.) bank. Sept. 19-National, Troy, N. Y.; $449,000. Sei. t. 22-Pawnee (III.) bank. Sept. 23-Mapleton (Minn.) bank. Sept. 25-Argonia (Kan.) state bank. Sept. 26-Tribune (Kan.) bank. Oct. 5-First national, Mount Pleasant, Mich. Oct. 7-First national, Ithaca, Mich Oct. 10-Security Trust Co., Nashua, N. H. Oct. 12-First national, Eddy, N. M. Oct. 14-Marine national, Duluth, Minn Bank of r Second national, Rockford. III Commerce, Buffalo, N. Y. 1 Bank Oct. 16-Merchant's, Atlanta, Ga of Pukwana, S. D. < Oct. 19-Marion (O.) Deposit. Oct. 28-At Big Rapids, Mich., Mecosta c savings. Nov. 5-Marine national, Duluth. Minn. Nov. 10-Iowa savings, Sioux City First national, Decorah, Ia. 1 Nov. 14-La Harpe (111.) bank. 4 Nov. 19-First national, Sioux City, Ia Sioux City, la. Nov. 22-First national, East Saginaw, Mich Nov. 23-Dakota national, Sloux Falls, S. f D. Nov. 24-Davis County Savings associaC tion, Gallatin, Mo. Nov. 28-Citizens' bank, Midlothian, Tex. Mis D Nov. 30-First national, Tyler, Tex souri national. Kansas City: $1,131,000 r Dec. 1-German-American, Portage, Wis. Bank of Westport, Mo. e Dec. Baxter, of Baxter Springs, Kan. Henry county, at Clinton, Mo. f Dec. 10-Harlan (la.) state Jonathan Easterly, Columbiana (O.) bankers. S Dec 11 National Bank of Commerce, Duluth, Minn First national, Niagara, 0 N.Y. a Dec. 14-First national, Holidaysburg. Pa Banks at Martinsburg and Williamsburg, Pa. Dec. 21-National bank of Illinois, at Chi1 cago-E. S. Dreyer & Co., Chicago, $1,200,600 6 Wasmansdorff, Heinemann & Co. r Dec. 22-Bank of Minnesota, and Union stockyards bank, at St. Paul. W Dec. 23-Bank of West Superior, Wis American Banking & Trust Co., Auburn. V Me. Dec. 24-Calumet state bank, Blue Island, 1 III. Dec. 26-Security Mortgage & Trust Co., n Dallas, Tex.; $2,000,000-Atlas national, Chicago. Dec. 28-Bank.of Superior. Wis Scan-