13402. Midland State Bank (Omaha, NE)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
September 16, 1896
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
aa9cb1c5

Response Measures

Full suspension, Books examined

Other: Receivership subsequently appointed (J. W. Thomas) and litigation vs. stockholders; bank remained defunct.

Description

Contemporary dispatches (Sept 16–17, 1896) report heavy withdrawals/hoarding forcing the Midland State Bank of Omaha to 'voluntarily suspend' with the state bank examiner placed in charge. Subsequent items (1897–1898) refer to the bank as defunct and identify J. W. Thomas as receiver and later litigation, indicating permanent closure and receivership. OCR minor issues corrected (e.g., capitalization).

Events (3)

1. September 16, 1896 Run
Cause Details
Depositors made heavy withdrawals/hoarding in the days before closure, producing a run-like withdrawal pressure.
Measures
Bank directors requested state banking board/examiner take charge; notice of voluntary suspension posted.
Newspaper Excerpt
the depositors had been withdrawing their accounts for the purpose of hoarding
Source
newspapers
2. September 16, 1896 Suspension
Cause Details
Bank voluntarily suspended after heavy withdrawals/insufficient funds to meet depositor demands; state examiner placed in charge.
Newspaper Excerpt
The Midland State Bank of Omaha closed its doors today. ... the bank had voluntarily suspended. The state bank examiner was at once placed in charge and a notice posted on the doors
Source
newspapers
3. July 9, 1897 Receivership
Newspaper Excerpt
To J. W. Thomas, receiver Midland State Bank of Omaha; Jas. Keenan and M. McGuire.
Source
newspapers

Newspaper Articles (15)

Article from The Saint Paul Globe, September 17, 1896

Click image to open full size in new tab

Article Text

Small Bank Suspends. OMAHA, Neb., Sept. 16.-The Midland State Bank of Omaha closed its doors today. The state bank examiner was at once placed in charge and a notice posted on the doors stating that the bank had voluntarily suspended. The bank was a. small affair.


Article from The Topeka State Journal, September 17, 1896

Click image to open full size in new tab

Article Text

OMAHA BANK CLOSES. Depositors Had Been Withdrawing Their Deposits, Making it Necessary. Omaha, Neb., Sept. 17.-The Midland State bank of Omaha closed its doors yesterday and requested the banking board to take charge of the bank. This action was taken at a session of the directors. The state bank examiner was at once placed in charge and a notice posted on the doors stating that the bank had voluntarily suspended and was in charge of the state bank examiner. The officers of the bank stated to an Associated Press representative that the bank had been closed for the reason that during the past few days the depositors had been withdrawing their accounts for the purpose of hoarding. The bank was small.


Article from The Ely Miner, September 23, 1896

Click image to open full size in new tab

Article Text

THE NEWS. Compiled From Late Dispatches. DOMESTIC. The Italian bark Monte Tabor was wrecked off Provincetown, Mass., and to escape death by drowning Capt. Louis Generio and two of the crew committed suicide. Four others were drowned. "Bart" Thrasher and "Dock" Panthur, two notorious outlaws, were killed by deputy sheriffs near Horse Creek, Ala. Coffin. Altemus & Co., the oldest and one of the largest wholesale dry goods houses in Philadelphia, failed for $500,000. Two men and 25 horses lost their lives in a fire which partially destroyed Albert Manger's livery stable in Milwaukee. A. F. & L. E. Kelley, a mortgage loan firm at Minneapolis, filed an assignment with liabilities of $150,000. The charred remains of four tramps were found in the wreckage of a burned train at Wellington, III., and it is thought that eight others perished. The first observance of the one hundredth anniversary of Dayton, O., began in that city, to continue for a week. Cullen & Newman, extensive china and glassware importers at Knoxville, Tenn., assigned with liabilities of $200,000. The reports as to the condition of crops throughout the country are favorable. Miners in the Pittsburgh district have decided to reduce their own wages from 70 to 54 cents as a means of retaliation upon nonunion miners in other districts. The entire plant of the Peters Lumber company at Alco, Ala., was burned, the loss being $200,000. , Chief Bookkeeper Richard H. Green, Jr., of the Farmers' national bank of Annapolis, Md., is said to be a defaulter to the extent of $15,000. While driving near Athens, O., Mrs. Lulu Nickerson and daughter were thrown from a buggy and fatally injured. At a prearranged railway collision near Crush, Tex., orine of the spectators were injured by falling wreckage, two fatally. G. B. Swetser, receiver of the Chicago, Indiana & Eastern railroad, has stopped all trains and indefinitely suspended the operation of the road, which has been running at a loss. J. V. Northam & Co., wholesale and retail dealers in wines and liquors in Chicago. failed for $100,000. Elijah S. Curtis, a veteran of the late war, died at Lacon, Ill. He was the largest man in Illinois, his weight being 500 pounds. During the last eight months the exports of merchandise from the United States amounted to $567,259,457, against $489,360,551 during the same period in 1895. The imports amounted to $471,222,434, against $535,737,819 in the first eight months of 1895. The whole business portion of Freelandville, Ind., and many business residences were destroyed by fire. Lum Warren, a negro who assaulted Mrs. John Bass, was lynched in Terral county. Ga. The Midland state bank at Omaha, Neb., closed its doors with liabilities of over $100,000. The first test of the flying machine invented by William Paul was made at Miller. Ind., and was successful, more than fulfilling all the expectations of the scientists. Ben S. Morris, one of the two negres who murdered S. C. Buckman. a prominent cattle dealer of Watonga, O. T., was lynched by a mob. F. W. Humphrey & Co., the largest retail clothing firm in St. Louis, failed for $125,000. In a fight in Ozark county. Mo., between lumber thieves and officers four of the thieves were killed and one deputy marshal fatally wounded. Frank Ward and Scott Jackson, miners at Oronega, Mo., fell 150 feet down a shaft and were killed. The Army of West Virginia met at Gallipolis, O., for a three days' reunion. The annual report of the American board of commissioners for foreign missions shows that the total receipts for the year were $743,104.59, and the total expenditures $627,969.58, leaving a balance of $115,135.01. The National Colored Baptist association of the United States met in sixteenth annual convention at St. Louis. Carrie Jennings (colored) in a fit of jealousy stabbed Monroe Bell (colored), aged 32 years, to death at Louisville, Ky., and then fatally shot herself. At the annual reunion in Burlington, Vt., of the Society of the Army of the Potomac Gen. William M. Henry, of Burlington, was elected president. In San Francisco the box factory of Hobbe, Wall & Co. was destroyed by fire,


Article from The Houston Daily Post, September 23, 1896

Click image to open full size in new tab

Article Text

Among the important commercial fallares were Wilkinson Bros. & Co., paper, New York, liab.Minies $267,450; John McClave, lumber, New York, liabilities $113,00: Pitcher & Wanda, nursery, Short Hills, N. J., liabilities $247,530; S. W. Loomis, clothing, Boston: Harry S. Hen77 woolen goods, Philadelphia, Labilities $50,000; Pearce, Atkins & Co., cotton mills, Cincinnati: J. V. Northam & Co., wholesale liquors, Chicago; and F. W. Humphrey & Co., clothing. St. Louis, Porter & Davis, bankers, Canisteo, N. Y., have assigned, and the Midland State Bank, Omaha. Neb., has failed.


Article from Morris Tribune, September 23, 1896

Click image to open full size in new tab

Article Text

FINANCE AND TRADE. West Superior mills have begun buying wheat under the Sandstone (Minn.) inspection. The Midland state bank of Omaha has suspended on account of heavy withdrawals. Commercial agencies report a continuation of the moderate increase in businesa throughout the country. The banking house of H. S. Watson & Sons, established 40 years ago at Vinton, Ia., has failed. All creditors will be paid in full. A chunk of gold weighing 4,737 ounces and worth $85,000 from the Cariboo Mining company of British America was received at the New York assay office a few days ago. The total number of business failures throughout the United States last week was 315, which was 7 more than the previous week and 97 more than in the corresponding week last year. Pratt, Simmons & Krausnick, wholesale milliners of St. Louis, have made an assignment in favor of the Mississippi Valley Trust company. Liabilities, $150,000; nominal assets, $200,000. Two-thirds of the gold producers of Cripple Creek, Colo., representing $20,000,000 a year, have signed an agreement not to sell their bullion to the government for less than par in gold dollars. Count Matsukata has been appointed the premier of Japan in succession to Marquis Ito, who resigned as premier on Aug. 18. London is now well into the autumn fever visitation. There are 4,457 patients in the hospitals, of whom 3,649 are suffering from scarlet fever. It IS now said that It is impossible to extradite Tynan on the charge of hav ing been connected with the Phoenix Park murders, as the French statute of limitations intervenes. The Neue Freie Presse says that the inspection of the forts of the Dardanelles by a Russian general is the sultan's reply to England's effort to force him to abdicate, and that it is also the response of Russia, who has taken the sultan under protection, to England's menace.


Article from River Falls Journal, September 24, 1896

Click image to open full size in new tab

Article Text

WEST AND SOUTH. The receiver of the Chicago, Indiana & Eastern railroad has stopped all trains and indefinitely suspended the operation of the road, which has been running at a loss. In the Ninth Illinois district the democrats nominated Charles Knudson for congress and in the Sixth Wisconsin district the populists named W. F. Gruenewald. In Terral courty, Ga., Lum Warren, a negro who assaulted Mrs. John Bass, was lynched. The doors of the Midland state bank at Omaha, Neb., were closed with liabilities of over $100,000. Scott Johnson and Frank Ward, miners at Oronega, Mo., fell 150 feet down a shaft and were killed. In a fit of jealousy Carrie Jennings (colored) stabbed Monroe Bell (colored), aged 32 years, to death at Louisville, Ky., and then fatally shot herself. At Toledo, O., James M. Ashley died at the age of 74 years. He was in congress continually from 1858 to 1868 and was governor of Montana from 1868 to 1872. The box factory of Hobb, Wall & Co. was destroyed by fire in San Francisco, the loss being $100,000, and Night Watchman Ross, 85 years old, was burned to death. In Illinois fusion of the democrats and populists on presidential electors, state ticket and congressmen was completed at a meeting of the democratic state central committee. A mob lynched Ben S. Morris, one of the two negroes who murdered S. C. Buckman, a prominent cattle dealer of Watonga, O.T. The democratic state comraittee of Indiana refused the demand of the populists for seven national electors and the withdrawal of Sewall. The populist committee then named a full electoral ticket. The largest retail clothing dealers in St. Louis, F. W. Humpbrey & Co., failed for $125,000. During a fight in Ozark county, Mo., between umber thieves and officers four of the thieves were killed and one deputy murshal fatally wounded. Congressional nominations were made as follows: Illinois. Seventeenth district, E. G. King (dem.`; Michigan, Ninth district, A. F. Tib its (dem.); Minnesota, Seventh district, F.. E. Lommen (dem.); Alabama, Second district, J. C. Fonville (pop.); Virginia, Second district, W. A. Young (dem.). The millionaire banker and philanthropist, Enoch Pratt, died at his home near Baltimore, Md., aged 88 years. With one exception he was the oldest active bank president in the United States. The complete official returns from the election in Arkansas show the following vote for governor: Jones (dem.), 91,124; Remmell (rep.), 35,836; Files (pop.), 13.989; Miller (pro ), 742; Jones' majority, 40,557. The doors of the Shellsburg bank at Shellsburg, Wis, were closed.


Article from The Madisonian, October 3, 1896

Click image to open full size in new tab

Article Text

FINANCE AND TRADE. West Superior mills have begun buy. ing wheat under the Sandstone (Minn.) inspection. The Midland state bank of Omaha has suspended on account of heavy withdrawals. The banking house of H. S. Watson & Sons, established 40 years ago at Vinton, Ia., has failed. All creditors will be paid in full. The Second National bank of Troy. N Y., has closed its doors and placed its affairs in the hands of the national bank examiner. A chunk of gold weighing 4,737 ounces and worth $85,000 from the Car. 1b00 Mining company of British America was received at the New York assay office a few days ago. The total number of business failures throughout the United States last week was 315, which was ? more than the previous week and 07 more than in the corresponding week last year. Pratt. Simmons & Krausnick, wholesale milliners of St. Louis, have made an assignment in favor of the Mississippi Valley Trust company. Liabilities, $150,000 ; nominal assets. $200,000. Two-thirds of the gold producers of Cripple Creek. Colo., representing $20.000,000 a year, have signed an agreement not to sell their bullion to the government for less than par in gold dollars. Exports of wheat (flour included as wheat) from both coasts of the United States last week amounted to 3,556,326 bushels, against 3,709,000 bushels the previous week, and 2,538,000 bushels a year ago.


Article from Omaha Daily Bee, October 17, 1896

Click image to open full size in new tab

Article Text

is good to have seen at last a Juliet who, owning to fourteen years, does not seem a day older Good work was also done by Mr. Mosley in the role of Mercutio and by Mary Breyer as the Nurse. The engagement of Otis Skinner at the Creighton will close with two performances today. A bargain day matinee will be the extra attraction this afternoon, when "The Lady of Lyons" is announced as the bill. An elaborate production of "A Soldier of Fortune" will take place for tonight. "Darkest Russia" still hangs in the balance. Both of the local places of amusement claim that attraction with such earnestness of purpose as to leave no doubt as to their confidence in the ultimate decision. The probabilities are that a definite announcement may be offered the intending patrons of this play today as to which play house will be entitled to receive their hard-earned dollars during the four nights commencing with a matinee tomorrow. The attraction at the Creighton for three nights commencing Thursday, October 22, will be "The Gay Parisians," the comedy which has been the laughing success of New York, Boston and Chicago. Manager Charles Frohman sends the same company which attracted so much attention for its excellence during a run of 200 nights at Hoyt's theater, New York, and in Boston and Chicago. The play is an adaptation from the French of a farce which is now in its second season in Paris, under the title of "L' Hotel du Libre Exchange." Literally translated this means the hotel where everything goes, but in the American form, the comedy is by no means so broad as this term would indicate. The American version is now running in London, England, under the title of "A Night Out." Seats for the entire engagement will be placed on sale Monday morning at 9 o'clock. # Bank Depositors Want Their Money. A meeting of the depositors of the defunct Midland State bank was held last evening for the purpose of devising ways and means for forcing the collection of various amounts due them. Henry Osthoff was elected chairman, with A. W. McGargar as secretary. Little was accomplished except to elect a committee, composed of T. C. Douglas, J. W. Cotton and A. A. Gibson, whose work shall be to investigate the present state of the finances of the bank and to secure legal aid in following up the claims. A collection of $13.25 was taken up in order to defray a bill of $25 handed in to the depositors for legal advice given by Judge Langdon. The meeting adjourned until October 20, when the committee will report progress. Bargain matinee at the Creighton today at 2:30. Otis Skinner in "The Lady of Lyons." Entire balcony, 25c; lower floor, 50c.


Article from Omaha Daily Bee, November 11, 1896

Click image to open full size in new tab

Article Text

LOCAL BREVITIES. The Outre Mer Athletic club of the South Side will give its second invitation party this evening at Cosmopolitan hall. Frank Leslie and Jennie Smith were married last night at the home of the bride, 1718 Douglas street. Rev. T. J. Mackey officiated. Chauncey Whitting, who lives in a hovel down under the Eleventh street viaduct, was arrested last night on a charge of adultery. The woman in the case is Mrs. Lewis. The Omaha Bimetallic league has called a meeting for next Friday evening at Knights of Labor hall. at which time and place a permanent organization will be effected. John Sidner, driver of No. 3 hose cart, was kicked by a horse Monday afternoon. He was struck on the leg about the knee and received some severe injuries that will lay him up for some time. The depositors of the defunct Midland State bank will hold a meeting at 615 North Sixteenth street Thursday evening. at which time they will discuss the bringing of legal proceedings against the officers of the bank. Gate City hive No. 9 of the Ladies of the Maccabees, will hold its review in Labor hall, Seventeenth and Douglas streets, next Wednesday evening instead of in Patterson hall, Seventeenth and Farnam streets, as reported in The Sunday Bee. Christene Peterson has applied for a divorce from John F. Peterson on the ground of drunkenness. Her petition relates that they were married in this city on July 14, 1892, and have two children, both girls. She asks for the custody of the children. The funeral of the late Jerome Miller was held from the residence, 541 South Twentyfifth avenue, yesterday afternoon. The details were in charge of the members of Beech camp, Modern Woodmen of America. of which the deceased was a member. Interment was at Forest Lawn. Ross Crome, Robert Taylor and Clarence Gilmore, the three small boys who were arrested Monday night for breaking one of the big stones used in the construction of the new Creighton Medical college building, admitted their guilt yesterday morning in police court and were bound over to the district court in the sum of $100 each to answer to the charge of incorrigibility. A number of the depositors of the defunct German Savings bank met at Germania hall Monday night. A committee appointed at a previous meeting reported that the court had instructed the receiver to bring suit against the stockholders of the bank to recover the amount due the depositors. A committee was also directed to inspect the books of the bank and report back to the depositors. During the past month $4,633 worth of property was pawned and $3,914 worth was sold to pawnbrokers and second hand dealers by Omaha citizens. This is a slight decrease from former months. During the


Article from The Black Hills Union, July 9, 1897

Click image to open full size in new tab

Article Text

To J. W. Thomas, receiver Midland State Bank of Omaha; Jas. Keenan and M. McGuire.


Article from The Black Hills Union, July 23, 1897

Click image to open full size in new tab

Article Text

Notice to Owner Before Tax Deed Shall Issue. To J. W. Thomas, receiver Midland State Bank of Omaha; Jas. Keenan and M. McGuire. You are hereby notified that on the 5th day of November, 1893, the following described piece or parcel of real estate taxed in the name of James Keenan and situated in the County of Pennington, State of South Dakota, as follows: N½ of NE¼ 80 acres; SE¼ of NE¼ 40 acres; N½ of NW¼ 80 acres NE¼ of SE¼ 40 acres; S½ of SE¼ 80 acres; all in Sec 19, township 2, north of range 8, E. B. H. M. was sold for taxes then due and delinquent for the year 1893, by the treasurer of said county to Pennington county, and was by said purchaser duly assigned to Paul S. Woods who is now the lawful holder of the certificate of purchase. That said taxes then due and delinquent amounted to $61.64 with interest, penalty and costs accrued $22.69 making total amount necessary to redeem $84.33 and in addition thereto the cost of service of this notice together with such interest as may accrue after this date, must be paid and that the right of redemption will expire and deed for said land be made within sixty days from the completed service of this notice. PAUL S. WOODS. (First publication June 25.)


Article from The Black Hills Union, July 23, 1897

Click image to open full size in new tab

Article Text

To J. W. Thomas, receiver Midland State Bank of Omaha; Jas. Keepan and M. McGuire.


Article from The Black Hills Union, August 27, 1897

Click image to open full size in new tab

Article Text

Notice to Owner Before Tax Deed Shall Issue. To J. W. Thomas, receiver Midland State Bank of Omaha; Jas. Keenan and M, McGuire.


Article from The Black Hills Union, August 27, 1897

Click image to open full size in new tab

Article Text

# Notice to Owner Before Tax Deed Shall Issue. To J. W. Thomas, receiver Midland State Bank of Omaha; Jas. Keenan and M. McGuire. You are hereby notified that on the 5th day of November, 1893, the following described piece or parcel of real estate taxed in the name of James Keenan and situated in the County of Pennington, State of South Dakota, as follows: N½ of NE¼ 80 acres; SE¼ of NE¼ 40 acres; N½ of NW¼ 80 acres NE¼ of SE¼ 40 acres; S½ of SE¼ 80 acres; all in Sec 19, township 2, north of range 8, E. B. H, M. was sold for taxes then due and delinquent for the year 1893, by the treasurer of said county to Pennington county, and was by said purchaser duly assigned to Paul S. Woods who is now the lawful holder of the certificate of purchase. That said taxes then due and delinquent amounted to $61.64 with interest, penalty and costs accrued $22.69 making total amount necessary to redeem $81.33 and in addition thereto the cost of service of this notice together with such interest as may accrue after this date, must be paid and that the right of redemption will expire and deed for said land be made within sixty days from the completed service of this notice. PAUL S. WOODS. (First publication June 25.)


Article from Omaha Daily Bee, July 31, 1898

Click image to open full size in new tab

Article Text

BIG DISCOUNT ON A CLAIM Midland Bank Bondsmen Offer to Pay Three Thousand Dollars for a Release. AMOUNT DUE COUNTY TWENTY THOUSAND Status of Suits Against Stockholders -No Date Set for Blondy Clark Hearing-Bids Wanted for Grading County Roads. At the meeting of the Board of County Commissioners yesterday morning a proposition was received from Attorney William D. Beckett, attorney for the bondsmen, offering on behalf of the defunct Midland bank to pay $3,000 to Douglas county as a compromise settlement. The amount the county had on deposit in the bank was over $18,000. The language of the proposition from Mr. Beckett is: That without admitting in any manner a liability on the bond and solely as a compromise settlement, we will pay to Douglas county $3,000 and the court costs accrued to this date in the suit pending. Whereupon the suit is to be dismissed and the sureties discharged of all claims against them arising under the bond. The matter will be considered in committee of the whole at some future date. In reply to a request from Chairman Kierstead, a communication from Attorney John L. Kennedy had also been received, giving the status of the suits brought by the receiver of the Midland State bank against the stockholders. In the case against the estate of Joseph Barker, the award of the county court of $2,500 in favor of the receiver had been appealed to the district court, and the case against the stockbe holders generally will probably tried at the October term of the district court. The unpaid debts of the bank amount to $57,169.52. with interest added. from April 14, 1898. Of the $100,000 capital stock, 50 per cent had been paid in. Mr. Kennedy's letter says the origial subscribers and subsequent holders of stock are all liable for the remaining 50 per cent under the decisions of the supreme court: and that, in addition, all stockholders holding stock, while the present indebtedness accrued, are liable for an amount equal to the stock held by them respectively. Bills amounting to over $35,000 were allowed by the board during the morning session, and a pile of matters that had accumulated for two weeks were disposed of. Of the claims reported by the finance committee $10,139.95 was the total for the jurors of the district court for the past term, $3,649 for witnesses of the same, and $10,734.50 was the aggregate of the claims allowed to the assessors and their deputies for listing the property of Douglas county. It was explained that the reduction of the bills put in by the assessors were because of the Sundays and holidays which they had included in their claims. The extra work imposed on them in the gathering of statisties for the report to the State Labor com.