13397. Mccague Savings Bank (Omaha, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 17, 1896
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
a7f6b288

Response Measures

None

Description

Multiple contemporaneous articles (Feb 17-19, 1896) report McCague Savings Bank (Omaha, Neb.) was placed in the hands of a receiver on application of the State Banking Board and S. S. Curtis named receiver. Articles note the bank had been closed during the earlier panic and later reopened, but the current action is a receivership/suspension leading to permanent closure. Cause of suspension is government action (state banking board application).

Events (3)

1. February 17, 1896 Receivership
Newspaper Excerpt
S. S. Curtis has been appointed receiver. The McCague Savings Bank has gone into the hands of a receiver upon the application of the State Banking Board. (Feb. 17-18, 1896 reports).
Source
newspapers
2. February 17, 1896 Suspension
Cause
Government Action
Cause Details
State Banking Board applied for and secured receivership; bank could not complete reorganization into a mutual savings bank and deposits had dwindled since the panic.
Newspaper Excerpt
The McCague Savings Bank has gone into the hands of a receiver, on application of the State Banking Board.
Source
newspapers
3. * Other
Newspaper Excerpt
The bank, which was closed during the panic for some weeks and was reopened with its impaired capital made good, has made a manly fight for continued life.
Source
newspapers

Newspaper Articles (9)

Article from The Indianapolis Journal, February 18, 1896

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Article Text

Savings Bank Closed. OMAHA, Neb., Feb. 17.-The McCague Savings Bank has gone into the hands of a receiver upon the application of the State Banking Board. In view of the fact that its deposits, amounting to over $500,000 at the time of the panie, have dwindled to about $100,000, it has lately been concluded by the bank owners that it would not pay to continue business.


Article from Evening Journal, February 18, 1896

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Article Text

Failure of a Savings Bank, OMAHA, Feb. 18.-The McCague Sav ings bank has gone into the hands of E receiver upon the application of the state banking board. In view of the fact that its deposits. amounting to over $500.000 at the time of the panic, have dwindled tc about $100,000. it has latterly been con cluded by the bank owners that it would not pay to continue without reorganiza tion.


Article from The San Francisco Call, February 18, 1896

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Article Text

GREAT PLUCK EXHIBITED. But the McCague Bank Is Forced to Suspend. OMAHA., NEBR., Feb. 17.-The McCague Savings Bank has gone into the hands of a receiver, on application of the State Banking Board, and S. S. Curtis has been appointed receiver. The bank has been endeavoring for some time to reorganize into a mutual savings bank and has succeeded in getting nearly a half of the deposits subscribed to the mutual. However, in the limit of time allowed for reorganization. it has been found impossible to reach the required $60,000 by some $8000 to $10,000. The bank, which was closed during the panic for some weeks and was reopened with its impaired capital made good, has made a manly fight for continued life and exhibited remarkable resources and pluck.


Article from The Copper Country Evening News, February 20, 1896

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Article Text

Omaha Savings Bank Closed. OMAHA, Feb. 19-The McCague Savings bank has gone into the hands of a receiver upon the application of the state banking board.


Article from Twice-A-Week Plain Dealer, February 21, 1896

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Article Text

GAVE UP THE FIGHT. After a Struggle, an Omaha Savings Bank Secures a Receiver. Omaha, Neb., Feb. 18.-The McCague Savings bank has gone into the hands of a receiver on application of the state banking board, and S.S. Curtis has been appointed receiver. The bank has been endeavoring for some time to reorganize into a mutual savings bank, and has succeeded in getting nearly one-half of the deposits subscribed to the mutual. However, in the limit of time allowed for reorganization it has been found impossible to reach the required $50,000 by some $8,000 to $10,000. The bank, which was closed during the panie for some weeks, and was reopened with its impaired capital made good, has made a manly fight for continued life, and exhibited remarkable resources and pluck.


Article from Perrysburg Journal, February 22, 1896

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Article Text

we workmen were killed and three wounded by a fatally Three boiler explosion in a mill near Ashboro, N.C. P. A. Higgins and his wife and son and daughter all died with the measles within a few days of each other at Brights, Ala. Gov. Morton signed the bill passed the New York the Palisades to govring by legislature the national transferernment for a national park. A negro, or a white man with his face while robbing the residence of Smith at blackened, Jefferson and Dallas, killed Tex., his fatally stabbed Smith wife with an ax. At Centerville, Ia., George Jones shot and his sweetbcart, Marher Mrs. and tin, killed mother, W. his J. Martin, Leah head. then a bullet into own put Martin's objections the Mrs. to young man's attentions to her daughter was the cause. The first annual show of the National Poultry association opened in Central Market hall in Washington. A skip jumped the track in a mine at Republic, Mich., killing William Boitel and McGraw, James Dodge, Adolph Matthias Tegelberg. Robert Williams, the negro who killed Police Officer Suggs, waslynched Montgomery, Ala. by a mob near Barbara Kossel, a pretty German girl 19 old, shot years and St. killed Louis, John and Rohlfing, her lover, at then fired a bullet into own Jealousy her brain the and died instantly. was cause. The Buckeye glass works of Martin's Ferry, W. Va., were destroyed by fire, the loss being $150,000. Emile Davis was hanged at Linn, the murder of Frank Henderhis sister's son, Mo., for sweetheart. whom he poisoned. Eight ships will be added to Uncle Sam's navy and be ready for commission before the first of next July. May Rankin, aged 21, who had been on as a fat woman and dirue museums circuses exhibition with through various out the country, died in Chicago. She weighed 520 pounds. the champion skater, broke five-mile in Joe Donoghue, the skating distance record Washington, making the in 14 minutes 45 seconds. The big soap, lye, and coffee essence of P. C. and three manufactory dwelling houses Thompson in loss Philadel & being Co., phia were burned, the total $425,000. The prize fight between FitzsimMaher at El Paso, Tex., on was mons place and 21st. announced the 14th to take postponed to the The annual meeting of the depart of association at ment al Educational superintendence of the began NationJacksonville, Fla. The McCague savings bank at Omaha went into the hands of a receiver. Fountain Martin was taken from jair and hanged by a mob near Steubenville, Ky., for burning a barn. The visible supply of grain in the United States on the 17th was: Wheat, €5,927,000 bushels; corn, 11,960,000 bush6,956,000 bushels ; rye, 1,553.000 barley, els; busheis; oats, 2,295,000 Co.'s bushels. shirtA fire at Stettheimer & waist factory in Troy, N. Y, resulted in a panic among 350 girls and women, and it was feared that 20 lives were lost. Over 30 persons were injured, some fatally, and the property loss was valued at $300,000. Charles L. Spalding, a stationer, who died in Chicago at the age of 58 years, had during the past year buried ten sons, and only one son and his widow survive nim. At Grand Rapids, Mich., the Houseman block was burned. the loss being $200,000. All the large clothing manufacturers in Chicago declared their independence of the labor union rule in their establishments. Joseph Crampton and his daughter, Sallie, living near Tallulah, Ga., were shot and killed by unknown assassins. who Robert Laughlin, burned reported by mur- his house at Augusta, Ky., derers. and whose wife and niece were burned in the building, confessed that he was the murderer. Judge Johnson, in the district court at Denver, approved an order requiring ladies to remove their hats at theaters. Half of the business portion of the town of Greenville, N. C., was destroyed by fire, the loss being $150,000. PERSONAL AND POLITICAL


Article from Perrysburg Journal, February 22, 1896

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Article Text

GAVE UP THE FIGHT. After a Struggle, an Omaha Savings Bank Secures a Receiver. Omaha, Neb., Feb. 18.-The McCague Savings bank has gone into the hands of a receiver on application of the state banking board, and S.S. Curtis has been appointed receiver. The bank has been endeavoring for some time to reorganize into a mutual savings bank, and has succeeded in getting nearly one-half of the deposits subscribed to the mutual. However, in the limit of time allowed for reorganization it has been found impossible to reach the required $50,000 by some $8,000 to $10,000. The bank, which was closed during the panie for some weeks, and was reopened with its impaired capital made good, has made a manly fight for continued life, and exhibited remarkable resources and pluck.


Article from The Diamond Drill, February 22, 1896

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Article Text

son, his sister's sweetheart, whom he poisoned. Eight ships will be added to Uncle Sam's navy and be ready for commission before the first of next July. Joe Donoghue, the champion skater, broke the five-mile skating record 'n Washington, making the distance in 14 minutes 45 seconds. The big soap, lye, and coffee essence manufactory of P. C. Thompson & Co., and three dwelling houses in Philadelphia were burned, the total loss being $425,000. The prize fight between Fitzsim-mons and Maher announced to take place at El Paso, Tex., on the 14th was postponed to the 21st. The annual meeting of the department of superintendence of the National Educational association began at Jacksonville, Fla. The McCague savings bank at Omaha went into the hands of a receiver. Fountain Martin was taken from jail and hanged by a mob near Steubenville, Ky., for burning a barn. The visible supply of grain in the United States on the 17th was: Wheat, 65,927,000 bushels; corn, 11,960,000 bushels; oats, 6,336,000 bushels; rye, 1,553,000 bushels; barley, 2,295,000 bushels. A fire at Stettheune & Co.'s shirt-waist factory in Troy, N. Y., resulted in a panic among 350 girls and women, and it was feared that 20 lives were lost. Over 30 persons were injured, some fatally, and the property loss was valued at $300,000. Charles L. Spalding, a stationer, who died in Chicago at the age of 58 years, had during the past year buried ten sons, and only one son and his widow survive him. At Grand Rapids, Mich., the Houseman block was burned, the loss being $200,000. All the large clothing manufacturers in Chicago declared their independence of the labor union rule in their establishments. Joseph Crampton and his daughter, Sallie, living near Tallulah, Ga., were shot and killed by unknown assassins. Robert Laughlin, who reported his house at Augusta, Ky., burned by murderers, and whose wife and niece were burned in the building, confessed that he was the murderer. Judge Johnson, in the district court at Denver, approved an order requiring ladies to remove their hats at theaters. Half of the business portion of the town of Greenville, N. C., was destroyed by fire, the loss being $150,000. Two adult daughters of Elmer Minear, a farmer of Kosciusko county, Ind., were fatally burned while watching a brush fire. The Wisconsin legislature convened in extra session at Madison for the purpose of reapportioning the senate and assembly districts of the state. The Ohio legislature raised the retail liquor license in the state from $200 to $350. Crazed with jealousy because his wife and sons had left him, Franz Michael Schwab, a German laborer in Brooklyn, N. Y., shot and killed his wife and fatally injured his son and grandchild. The safe in the bank at Richards, Mo., was blown open and robbed of $900. The mercury in portions of Maine, New Hampshire and Vermont ranged from 25 to 40 degrees below zero The Vulcan coal mine near New Castle, Col., was wrecked by a terrific explosion of gas, and all the men employed in the mine at the time, to the number of 60, were instantly killed. The United Brethren Mutual Aid society of Lebanon, Pa., passed into the hands of a receiver with heavy liabilities. The fifth annual continental congress of the Daughters of the American Revolution began in Washington. Three Indians on the Winnebago reservation in Nebraska secured a jug of whisky, drank the contents, sank into a stupor and were found dead. Advices from Washington say that the new recruiting system for the army, aided by the hard times of the last few years, has resulted in bringing the enlisted strength up to its maximum. Mrs. E. H. Bowne, of Hartford, Conn., was reunited to her husband at Sandusky, O., after a separation of 34 years. PERSONAL AND POLITICAL


Article from Willmar Tribune, February 25, 1896

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!UMMARY OF THE WEEK'S NEWS Monday, Feb. 17. Four miners were accidentally killed In a mine at Republic, Mich. John R. Gentry, 2:033/₄, was sold at auction in New York Friday for $7,600. A gasoline tank in a Pullman car at Pittsburg exploded, seriously burning four people. Champ Clark says that he probably will be a candidate for congress in the Ninth Missouri district. Judge Richard H. Clark of the Georgia supreme court was found dead in his hotel room in Atlanta. It is announced that M. Jeppson, who was one of Henry M. Stanley's lieutenants, is engaged to be married to Miss Anna Head, a young lady belonging to California. Senator Pettigrew of South Dakota is out in a letter saying he wishes to be a delegate to the St. Louis convention in order to help secure a financial plank upon which all Republicans can unite. Tuesday, Feb. 18. Governor Morton has signed the retaliatory insurance bill. Only four cities of over 100,000 inhabitants are represented in the United States senate. Republicans of the First congressional district, Chicago, have nominated James R. Mann. Colonel Daingerfield Parker has been ordered home from the department of Texas to await retirement. The McCague Savings bank of Omaha has gone into the hands of a receiver upon the application of the state banking board. The big soap, lye and coffee essence manufactory of P. C. Tomson & Co., Philadelphia, burned. The total loss will be above $400,000. The Houseman block, at the corner of Pearl and Ottawa streets, Grand Rapids, Mich., burned. The losses will aggregate about $200,000. Wednesday, Fec. 19. Christoforo Negri, Italian minister of state, is dead. Mr. Thomas Sexton (anti-Parnellite) has resigned his seat in parliament. The Northern Steamship company will remove its general offices from Buffalo to Duluth March 1. George McBride, claiming to be from St. Paul, was sentenced to 3 years imprisonment for burglary at Barron, Wis. Franz Schwab, a Brooklyn laborer, killed his wife and fatally wounded his son and grandchild. He was crazed by . jealousy. The total amount received and forwarded to Turkey for relief work thus far by Frank R. Wiggin of Boston is $70,022.89. The Cleveland chamber of commerce blackballed the name of Andrew Carnegie, which had been proposed for honorary membership.