13412. Omaha Loan & Trust Company (Omaha, NE)

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1902*
Location: Omaha, Nebraska (41.259, -95.938)

Metadata

Model: gpt-5-mini
Short Digest: bf6916b5

Response Measures

None

Description

The bank failed about six years before the 1908 reports and was placed in receivership. The articles describe ongoing receivership activity, asset sales, full payment of creditors, and final discharge of the receiver in Dec 1908. No contemporaneous run is described in the provided items. Date of failure is given only as about six years ago from 1908, so I record an approximate 1902 date for the original suspension/failure.

Events (5)

1. January 1, 1902* Suspension

Cause Details: Articles state the company failed about six years ago but do not give a specific triggering cause in the provided texts.
Newspaper Excerpt: The company failed six years ago
Source: newspapers

2. June 30, 1908 Receivership

Newspaper Excerpt: Receiver of Omaha Loan and Trust Company is Discharging Liabilities ... William K. Potter has filed in district court a report of the receivership ... he received $4,417.25 in cash when he took charge and has collected $1,872,009.13 ... leaving a balance on hand of $21,178.83.
Source: newspapers

3. September 22, 1908 Other

Newspaper Excerpt: William K. Potter, as receiver ... will, commencing on the 22d day of September, 1908 ... offer for sale ... all of the unsold assets of the Omaha Loan and Trust company ... at public auction
Source: newspapers

4. November 22, 1908 Receivership

Newspaper Excerpt: Creditors of the Omaha Loan and Trust company, which failed six years ago, will be paid 100 cents on the dollar. POTTER DISCLOSES IT IN REPORT ... balance of claims now outstanding to be $24,645.08 and Judge Kennedy has ordered the receiver to pay these in full
Source: newspapers

5. December 17, 1908 Receivership

Newspaper Excerpt: POTTER WINDS UP AND QUITS Receiver Pays All Creditors of Omaha Loan and Trust Company in Full. ... the affairs of the Omaha Loan and Trust company have been closed up and William K. Potter, receiver, has been discharged.
Source: newspapers

Newspaper Articles (10)

1. June 30, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, June 30, 1908

Click image to open full size in new tab

Article Text

POTTER MAKES GOOD REPORT Receiver of Omaha Loan and Trust Company is Discharging Liabilities, William K. Potter has filed in district court a report of the receivership of the Omaha Loan and Trust company since the last report, November 17, 1905. The report shows that he received $4,417.25 in cash when he took charge and has collected $1,872,009.13. making a total of $1,876,426.38, and has disbursed $1,855,247.55, leaving a balance on hand of $21,178.83. The liabilities have been reduced about $3,868,000. The report also shows that the expense of the receivership has not been paid out of the sale of the property of the concern. but that the profits arising from the business transalcted has paid this expense and $33,744 in addition.

2. September 18, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, September 18, 1908

Click image to open full size in new tab

Article Text

RECEIVER'S SALE Notice is hereby given that, pursuant to an order of the district court of Douglas county, Nebraska, dated September 14, 1908, William K. Potter, as receiver of the Omaha Loan and Trust company, will, commencing on the 22d day of September, 1908, at room No. 301 Brown block. Sixteenth and Douglas streets, Omaha, Nebraska, offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands as shown by his report filed with the court on September 14, 1908, and in accordance with the order of court dated September 14, 1908, including real estate, notes, stocks, furniture and fixtures, commission mortgages and other assets, commencing at 10 o'clock on the morning of Tuesday, the 22d day of September, 1908, and continue between the hours of 10 and 12 a. m. and 2 to 5 p. m., with authority to adjourn from day to day for such length of time as to said receiver shall seem expedient. Said sale shall be subject to the provisions that said receiver, on instructions from the court, retains the right to reject any and all bids, for any and all property so to be offered for sale. Each bid shall be accompanied by a certified check to the order of William K. Potter, receiver, for twenty (20) per cent of the amount of the bid. Said bids will be reported to the court after the conclusion of said sale and the balance of the purchase price of all sales approved and confirmed by the court will be payable upon said confirmation. All of the property and assets will be sold subject to all taxes, liens and encumbrances, and subject to any defects of title. The description of the real estate to be offered for sale by the undersigned, at said time and place and upon the conditions above mentioned, is as follows: Lot seven (7), block four (4), Patrick's addition, Omaha. West twenty-two (22) feet of lot seven (7), block eighty-nine (89), in the city of Omaha. West 41 feet lots forty-two (42), fortythree (43) and forty-four (44), and west 41 feet of the south 14 feet of lot forty-five (45), in Fairmount Place addition to the city of Omaha. The south one-half (1/2) of sub lot two (2) of tax lot seventeen (17), in section twenty (20), township fifteen (15). range thirteen (13). in the city of Omaha. North one-third (1/3) of south one-half (1/2), lots eight (8) and nine (9), block one (1), Jetter's addition to South Omaha. Lot thirteen (13), in block eight (8), in First addition to South Omaha. Lot twenty-three (23). in block four (4), in "Vassar Place" addition to Omaha. WILLIAM K. POTTER. Receiver. OMAHA LOAN AND TRUST CO. (19)-M613 21

3. September 18, 1908 Omaha Daily Bee Omaha, NE

Click image to open full size in new tab

Article Text

REAL ESTATE TRANSFERS Elizabeth Cameron to Johana L. W. Hoppe, lot 11, block 21, Gate City Park addition 75 $ Margaret C. Dewitt to same, lot 10, block 2, Gate City Park addition 75 John Rush and wife to Lucella B. Mendenhall, lot 14, block 6, Riverside addition 2 George Seletos to Samuel Mancuse, lot 4, block 21, Shull's addition 2 Rachael Cameros to Joseph Camero, part of lot 13, block 7, Patrick's 2d addition 1 John C. Blouck to William A. Trumbo, lot 20, Luke & Templeton's addition 2,800 Edwin F. Brailey, sheriff, to Edward T. Heyden, lot 12, block 22, Kountze Place 1,550 Frank R. Vierling and wife to Emil Rix, lot 3, block 9, Shull's 2d addition 1,000 William K. Potter, receiver of Omaha Loan and Trust company, to J. C. Vizzard, part sublot 4, tax lot 16, sec. 10-15-13 1,250 John A. Creighton Real Estate and Trust company to Irving H. Arey, lot 1, block 6, Creighton's 1st addition 950 Meliora W. `airchild and husband to F. Isabel Pollard, lot 3, block 3, Oak Hurst park 475 Chris Berger and wife to Annie R. Matthews, lot 18, block 1, Hastings & Heyden's addition 2,300 John J. Mirten and wife to John Ternus, part of lot 4 and lot 3, block 6, Improvement. Association adaddition 2,050 United States National bank to Missouri Valley Land and Live Stock company, lots 5, 6, 7 and 8, block 1971/2, and other property 1 James M. Robinson to Edward F. Leavy, lot 1, A. H. Sanders' addition 1 Saunders County National bank to Ellen Rosten et al, lots 3, 6, 7, 8, 17, 18, 19 and 20, block -, and other property in Mayne addition 1 Same to Ellen Rosten et al, lots 4, 5, 7, 15, 16, 17 and 18, block 2, and other property in Mayne addition 1 Augusta E. Crissman to May E. Russell, s½ lot 91, Nelson's addition 2,000 Total $14,534

4. September 19, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, September 19, 1908

Click image to open full size in new tab

Article Text

REAL ESTATE REAL ESTATE DEALERS. PAYNE INV. CO., first floor N. Y. Life. (19)-269 GEORGE & CO., 1601 Farnam. Tel. Douglas 756. (19)-270 BENJAMIN R. E. CO., 477 Brandeis Bldg. (19)-271 CITY PROPERTY FOR SALE. RECEIVER'S SALE Notice is hereby given that, pursuant to an order of the district court of Douglas county, Nebraska, dated September 14, 1908, William K. Potter, as receiver of the Omaha Loan and Trust company, will, commencing on the 22d day of September, 1908, at room No. 301 Brown block, Sixteenth and Douglas streets, Omaha, Nebraska, offer for sale, at public auction, for cash all of the unsold assets of the Omaha Loan and Trust company remaining in the receiver's hands as shown by his report filed with the court on September 14, 1908, and in accordance with the order of court dated September 14, 1908, including real estate, notes, stocks, furniture and fixtures, commission mortgages and other assets, commencing at 10 o'clock on the morning of Tuesday, the 22d day of September, 1908, and continue between the hours of 10 and 12 a. m. and 2 to 5 p. m., with authority to adjourn from day to day for such length of time as to said receiver shall seem expedient. Said sale shall be subject to the provisions that said receiver, on instructions from the court, retains the right to reject any and all bids, for any and all property so to be offered for sale. Each bid shall be accompanied by a certified check to the order of William K. Potter, receiver, for twenty (20) per cent of the amount of the bid. Said bids will be reported to the court after the conclusion of said sale and the balance of the purchase price of all sales approved and confirmed by the court will be payable upon said confirmation. All of the property and assets will be sold subject to all taxes, liens and encumbrances, and subject to any defects of title. The description of the real estate to be offered for sale by the undersigned, at said time and place and upon the conditions above mentioned, is as follows: Lot seven (7), block four (4), Patrick's addition, Omaha. West twenty-two (22) feet of lot seven (7), block eighty-nine (89), in the city of Omaha. West 41 feet lots forty-two (42), fortythree (43) and forty-four (44), and west 41 feet of the south 14 feet of lot forty-five (45), in Fairmount Place addition to the city of Omaha. The south one-half (1/2) of sub lot two (2) of tax lot seventeen (17), in section twenty (20), township fifteen (15). range thirteen (13), in the city of Omaha. North one-third (1/3) of south one-half (1/2), lots eight (8) and nine (9). block one (1), Jetter's addition to South Omaha. Lot thirteen (13), in block eight (8), in First addition to South Omaha. Lot twenty-three (23), in block four (4), in "Vassar Place" addition to Omaha. WILLIAM K. POTTER. Receiver. OMAHA LOAN AND TRUST CO. (19)-M613 21

5. September 19, 1908 Omaha Daily Bee Omaha, NE

Click image to open full size in new tab

Article Text

REAL ESTATE TRANSFERS (Continued.) Nebraska National bank, lots 3 to 9, inclusive, and lot 18; also part lot 10, block 1, Sunset add William K. Potter, receiver, Omaha Loan and Trust company, to E. D. Smales, lot 36, block 8, Orchard Hill add. 1,2 George W. Smith to Harry Tavender, part lots 1, 2 and 3, Smithfield 3 Dennis Cunningham and wife to William H. Easterday, lots 1, 2 and 3 in block 4, Cunningham add 1,0 William K. Potter, receiver of Omaha Land and Trust company, to F. D. Wead, lot 8, block 1, Saunders & Himebaugh's, Mount Pleasant John W. Housley to Albert J. Deerson. part of lots 6 and 7, block 3, Elkhorn 2,5 Lillian K. Clark and husband to Martilla L. Phillips, lot 11, block 18, Central Park add Total $15,8

6. September 19, 1908 Omaha Daily Bee Omaha, NE

Click image to open full size in new tab

Article Text

REAL ESTATE TRANSFERS Elizabeth Kountze Real Estate company to Anna K. Overturf, part lot 4, block 1, Kountze Place $ 750 James J. Fitzjerald and wife to Katie Sheehan, east 52 feet of lot 3, block 50 1, Cotrer & Archer's add., to same. Fitzgerald & Peters to James E. Almy, lot 1 of Troxel's sub 1,750 P. C. Anderson and wife to A. D. Martens, lots 3 to 8, inclusive, block 2, Alam's Place 2,500 Eunice McCowles to B. F. East, lot 8, block "F," Prospect Place add 1,250 Benjamin Davis to Elmer Nelson, lots S00 9 and 10, block "I," Lowe's add D. S. Crain and wife to John Schmidt, lot 13. block 3, South Omaha Park add. to South Omaha 150 John A. Creighton Real Estate and Trust company to Augusta C. Head, 750 lot 26, block 7, Creighton's 1st add.. John H. Franklin and wife to William McMasters, lot 50, Keystone Park 800 William K. Potter. receiver, Omaha Loan and Trust company, to C. Carlbery, lot 11, block 7, Walnut Hill add. 1 Emma Wadsworth to Carl H. Ballard, lots 10 and 11, block 4, Plainview add. 1,850 A. D. Marten to Elmer R. Porter et al., lots 3 to 8, inclusive, block 2, Alama Plaza 1 Reed Bros. to Elizabeth M. Shahah, lot 9, block 2, in replat of Durant Place Mary E. Chadwick and husband to

7. November 17, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, November 17, 1908

Click image to open full size in new tab

Article Text

TWELVE-YEAR-OLD CASE GOING Receivership of Omaha Loan and Trust Company Finally Being Wound Up. The receivership of the Omaha Loan and Trust company, which has been in court for the last twelve years, is now being brought to a close and by the first of the year it is hoped to have the affairs of the concern wound up. An order has been signed by the court charging off the books about $66,000 in worthless assets which cannot be collected. The larger part of this amount is made up of an item of $53,500, which represents mortgage loans sold and guaranteed. An order allowing Edgar Scott, the attorney for the receiver, to the first of the year has been entered and It is believed by that time the services of an attorney can be dispensed with. William K. Potter has been acting as receiver,

8. November 22, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, November 22, 1908

Click image to open full size in new tab

Article Text

Deg Hour. 42 5a. m 41 man! 6a. m 40 7a. m 39 8am 41 9a.m 44 10 a. m 49 11 a. m 58 12 m 58 1 p. m 61 2p.m 62 3p.m 62 4p.m 62 5p.m 59 6p.m 56 7p. m DOMESTIC. Ways and means committee of the house is considering the tariff on wood I, Page 2 pulp. The Union National and the National Bank of Commerce of Kansas City have combined. I, Page 1 A famine in print paper is threatened, according to reports from the northern mills, where the streams are running low in water. I, Page 2 New Orleans has extended an invitation to President-elect Taft to visit that city when he goes to Cuba. I, Page 1 Over 9,000,000 bales of cotton were produced, according to the Department of Agriculture, in 1908. I, Page 2 Prosecutor Heney of San Francisco is regarded as out of danger. I, Page 1 Samuel Gompers was yesterday reelected president of the Federation of Labor. I, Page 1 Dr. Alexander Graham Bell has completed a new airship which he will soon test. I, Page 2 A New York publisher has issued what he claims is a synopsis of the interview given out by Kaiser William to Dr. Hale for a metropolitan magazine. Dr. Hale I, Page 1 denies its authenticity. FOREIGN. The American battleship fleet has practically concluded its practice firing I, Page 2 A report of a riot at Hankow has reached the State department from Consul General Martin. I, Page a Admiral Sperry has written an order that the men of the battleship fleet be not allowed to land at Manila. I, Page NEBRASKA. Arthur Muilin inclined to make trouble with Shallenberger's appointment slate. Both constitutional amendments carry. I, Page 3 George W. Hawke, a pioneer of NeBraska, is dead. I, Page 3 LOCAL. J. H. Edmisten. former populist official, pleads guilty to defrauding the government out of land and is fined $1,000 and four months in jail. II, Page 1 ou inspectorship a much-sought-after office among the democrats. VI, Page 5 Creditors of the Omaha Loan and Trust company. which failed six years ago, are to be paid in full. II, Page 1 Illuminations for the Corn show to excell those for the Ak-Sar-Ben week. I, Page 4 A. H. Anderson. grand juryman accused of tampering with witness, is sentenced to thirty days in the county jail for conI, Page 5 tempt of court. Superintendent Davidson of the Omaha public schools will not go to the state university, but will remain in Omaha. VI, Page 5 What has been doing in the Omaha social world during the last week. II, Page 2 Gossip of the playhouses, plays and II, Page 7 players. Latest news of the builders and real VI, Page 6 estate men. COMMERCIAL AND INDUSTRIAL. VI, Page 7 Live stock markets. VI, Page 7 Grain markets. VI, Page 7 Stocks and bonds." f COMIC SECTION. Buster and Tige have some Thanksgiving fun with uncle Page of good reada ing for the little Tolks. Interesting matter for the women. Fluffy Ruffles has a hard time making up her mind. r Four Pages HALF-TONE SECTION. Domestic science a big factor at the Corn show and some of the women who will make it so. Changes that are taking It place in the capital city of South Africa. r Modern office and sanitary furniture Work of the Omaha Child Saving Instiit Four Pages tute. n h MOVEMENTS OF OCEAN STEAMSHIPS. Sailed. Arrived. Port. y NEW YORK. La Provense HALIFAX. Tunisan LIVERPOOL Kensington CHERBOURG.E F Wilhelm

9. November 22, 1908 Omaha Daily Bee Omaha, NE

Click image to open full size in new tab

Article Text

CREDITORS GET PAID IN FULL Omaha Loan and Trust Company Will Pay Dollar for Dollar. POTTER DISCLOSES IT IN REPORT Receiver Shows by Statement Balance Outstanding to Be $24,645, and This Will Be Carefully Liquidated. Creditors of the Omana Loan and Trust company. which failed six years ago, will be paid 100 cents on the dollar. This gratifying condition is disclosed in the report of the receiver, William K. Potter, which has been approved by Judge Kennedy of the district court. The report shows the balance of claims now outstanding to be $24,645.08 and Judge Kennedy has ordered the receiver to pay these in full on his showing that there is money enough in his hands to do so. Mr. Potter has practically wound up the affairs of the company and the report made Saturday is practically a final report, though a subreport showing that the money has been paid will have to be filed later. All that remains now is the payment of the money. When the company failed six years ago it had creditors scattered all over the county and it was feared for a time they would receive only a small proportion of their money. Mr. Potter was appointed receiver by the court and during his receivership he has made cash collections amounting to almost $1,900,000. He now has on hand a cash balance of over $27,000, which is more than enough to wipe out all the unpaid indebtedness. An unusual feature of the receivership is

10. December 17, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, December 17, 1908

Click image to open full size in new tab

Article Text

POTTER WINDS UP AND QUITS Receiver Pays All Creditors of Omaha Loan and Trust Company in Full. By an order signed by District Judge Kennedy the affairs of the Omaha Loan and Trust company have been closed up and William K| Potter, receiver, has been discharged. There still remains $3,260.73 belonging to the creditors who have failed to call for their money. The court ordered this amount paid over to the district clerk with the names and addresses of those to whom it belongs and he will pay it out when it is called for. The order also approves all acts of the receiver and permits him to destroy such of the records and correspondence as are of no further use. The company failed about six years ago, but under the receivership of Mr. Potter the creditors have been paid in full and the income on the property in his charge has more than paid the expense of the receivership.