13427. Peters Trust Company (Omaha, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
December 1, 1929*
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
e9c5d401

Response Measures

None

Description

Newspaper articles describe the Peters Trust Company as having failed, being taken over for liquidation by the state and placed in bankruptcy receivership (Herbert/H. S./Herbert Daniel/H. S. Daniel referenced). There is no mention of a depositor run in the provided clippings. Therefore this is a suspension (closure) leading to receivership/ liquidation. Dates are approximate based on publication dates.

Events (2)
1. December 1, 1929* Suspension
Cause
Government Action
Cause Details
State took over the concern for liquidation; trust company described as failed and under state control leading to suspension/closure.
Newspaper Excerpt
recently failed Peters Trust company
Source
newspapers
2. January 10, 1930 Receivership
Newspaper Excerpt
Mr. Cameron temporarily is assisting Receiver Herbert Daniel of the bankrupt trust company; receiver bankruptcy does have jurisdiction in handling the trust estates of the closed concern; federal receiver Daniel of the Peters Trust; hearing placing affairs in the hands bankruptcy receiver has been advanced (articles Jan 10 and Jan 25, 1930).
Source
newspapers

Newspaper Articles (5)
1. December 27, 1929 The McCook Daily Gazette McCook, NE
Article from The McCook Daily Gazette, December 27, 1929

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Article Text

Nebraska Benefits Half Million In Tax Refunds Omaha, Dec. 27 kans benefitted by more than half a million dollars in tax refunds announced by the treasury department at Washington today. The Osler C. Thompson estate at Spalding was the largest beneficiary, receiving a refund of $104,301. Other refunds included: William A. Wolfe estate, at Beatrice, $18,827; Mrs. Arthur D. Brandeis, Omaha, $64,219: Fairmont Creamery company, $61,928: Omaha and Council Bluffs Street Railway company, $41,111 Union Stock Yards, $11,dent of the recently failed Peters Trust company, 707, and Joseph L. Barker, Omaha, $10,891.

2. December 30, 1929 Beatrice Daily Sun Beatrice, NE
Article from Beatrice Daily Sun, December 30, 1929

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Article Text

Lancaster Feud Over Cattle Tests Ends With Parley LINCOLN, Dec. ences between county Secretary Laughlin of the department over the state's enforced collection funds for tuberculosis tests cattle, "ironed out" today in between with Governor The the gov. ernor's urging, agreed all matters connection tests in the future, governor Secretary McLaughlin inviting county officials avail themselves department cords at times. The state recently sued Lancastcounty and was given judg ment for collection the share or expense incident to testing. MAY AVERT LOSSES OMAHA, Dec. Federal Receiver Daniel of the Peters Trust today former officers the concern told him that, if the affairs the orderly not any loss, and that should substantial turn to stockholders.

3. January 10, 1930 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, January 10, 1930

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Article Text

FORMER PETERS OFFICERS IN INVESTMENT CONCERN R. C. Peters, M. D. Cameron, R. B. Peters, O. Wentworth to Deal in Mortgages and Securities. Former officers of the Peters Trust company have formed a new concern to deal in investment curities to be incorporated as the Peters company an authorized capital stock of 100 thousand Officers of the new company are: R. C. Peters, president M D. Cam eron, vice-president and treasurer Richard B. Peters, secretary, and J O. Wentworth, loan supervisor. R B. Peters is the son of R. C. Peters The company will deal mostly in mortgage loans on farm and city property and will handle municipal bonds and other securities. There are only the four stockholders, ac cording to Mr Cameron Temporary offices are at 717 Peters Trust Richard B. Peters already is de voting his time to the new concern Mr Cameron temporarily is assist ing Receiver Herbert Daniel of the bankrupt trust company

4. January 25, 1930 The Grand Island Independent Grand Island, NE
Article from The Grand Island Independent, January 25, 1930

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Article Text

RECEIVERSHIP CASE HEARING Lincoln, appeal the state ruling, placing affairs Peters Trust company of Omaha in the hands bankruptcy receiver, has been advanced by United States circuit court of appeals for early Attorney General Sorensen was vised the court today that would hear oral Kansas City Feb. instead of the latter part March. Appearing Mr. Sorensen will be attorneys Francis Brogan, Morsman, and David Swarr, all Omaha. William Ritchie, will appear for Henry Greenfield, creditor, whose application have the affairs the adjudicated by the practically same that to presented the His contention will be based marily on his claim that the Peters company directors authority enter plea bankruptcy after concern had been taken over for liquidation the state. The state will present argument, that receiver bankruptcy does have jurisdiction in handling the trust estates the closed concern.

5. October 14, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, October 14, 1930

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Article Text

HIGH COURT TO KEEP CLEAR OF CEMETERY WAR Refuse to Act in Nuisance Case Against Masonic Burial Ground. By United Press WASHINGTON, Oct. 14.-The city of San Francisco's action in condemning as a public nuisance its Masonic cemetery, will not be reviewed by the supreme court, it was decided here today. Other decisions were: Granting of review in forfeiture of the distillery, warehouse and denaturing plant of the Waterloo (N. Y.) Distilling Company on an old internal revenue statute. The government had charged the company with fraud in withdrawal of industrial alcohol for beverage purposes. Denial of review to seven Chicagoans convicted of racketeering in the city's candy business. Denial of review of the Philippine islands supreme court decision which awarded the Asia Banking Corporation 58,900 pesos against estate of the late Henry W. Elser in a stock transaction. Rule in Water Suit Grant of permisson to Wyoming to sue to restrain Colorado from making allegedly illegal diversion of waters of the Laramie river. Denial of review in the appeal of William Brown and Hugh McElvogue, St. Joseph. Mo.. which questioned constitutionality of the Jones prohibition law. Setting of Jan. 5 for arguments on Connecticut's exceptions to the findings of special master in the state's suit to prevent proposed diversion of the Ware and Swifft river waters by Massachusetts. for the Boston water supply. Philippine Appeal Denied Denial of review of the ruling of the Philippine Islands supreme court which decided interest payments on bonds of Philippine corporations. purchased and held outside the country. are not taxable. Refusal to review action of Harrison county (Mississippi) supervisors in taxing bank assets at full value while other property was assessed at only 65 per cent of its market value. Decision to rule on the Sherman antitrust law decree against thirty leading oil companies in cross-licensing agreements. Jan. 2. was set for arguments. Grant of review of the federal court decree holding the alien property custodian. and not the original German owners. entitled to collect certain royalties from licensees of patents seized during the war. To Review Claim Case Decision to review the court of claims ruling that gifts made in contemplation of death prior to passage of the 1918 estate tax law could be assessed under that statute when death occurred after 1918 Review of the claims of a large number of Indians along the Pacific coast to alotments of land on the Quinailet reservation. Granting of review of a circuit court decision that money derived from an annuity paid out of the income of a dereased person's estate is not taxable. Sybil Whitehouse, beneficiary under the will of the late James Gordon Bennett. New York publisher, had refused to pay the tax. Denial of review of the realty sales activities of the Sacramento Fruit Lands Company of California, which sold extensive tracts of alleged sterile land to middle westerners who wished to become fruit growers. Refuse Tax Ruling Refusal to pass on the practice of the internal revenue department in taxing as Income. commissions on bank loans which were deducted from the money advanced. Refusal to review controversy between John W. Gamble. liquidating agent for the Nebraska department of trade and commerce. and H. S. Daniel. bankrupety receiver. over control of the assets of the Peters Trust Company. Omaha. Denial to Lila Longson. Brooklyn. of review in her unsuccessful plagiarism suit against David Belasco. The suit grew out of the Belasco production in 1915 of "The Boomerang." which Miss Longson claimed infringed on her play. "The Choice." Refusal to review award of $14,600 by the Houston federal court to Mrs. Blanche F Coughlin in her suit against the Southwestern Bell Telephone Company. The money was given by Mrs. Coughlin to an employe of the company for the purchase of stock which. it was alleged, was not delivered. To Review Deductions Grant of review of the circuit court decision. which permitted Samuel F. Houston to deduct his losses up to 1920. sustained in reorganization of the Philadelphia Real Estate Trust Company of which he was a director. Refusal to review the Ohio court de-