Exchange Bank - Ong, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 11, 1931
Location: Ong, Nebraska (40.399, -97.836)

Metadata

Model: gpt-5-mini
Short Digest: 124e5861

Response Measures

None

Description

Article (The Grand Island Independent, 1931-07-11) lists 'Exchange Bank, Ong' among banks for which attorneys drew receivership fees, indicating the bank was in receivership (failed). The piece does not describe a run or a prior suspension explicitly; a receiver was appointed, so I classify as suspension_closure (closure with receiver). Bank type not specified in article.

Events (1)

1. July 11, 1931 Receivership

Newspaper Excerpt: George Hager, Lincoln, $1,245,State Bank, Commerce, Ong: Exchange Bank, Ong, and Farmers State Bank, Good, Good and Kirkpatrick, Lincoln, Ashland State Bank, Line, Loup City, Bank Ashton, Bank Litchfield: and Loup City State Loup City.
Source: newspapers

Newspaper Articles (1)

1. July 11, 1931 The Grand Island Independent Grand Island, NE

Article from The Grand Island Independent, July 11, 1931

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Article Text

Receivers By Shows That Had Republicans Many Attorneys on Payroll WELLENSIEK IS LISTED Uncovers Names of Scores of Attorneys Who Were Appointed to Bank Posts Under Former tacks Bliss. Lincoln, July Bryan in answering the charges Clarence Bliss, former secretary of the banking department, Friday, declared that the republicans spent thousands dollars for attorneys fees in failed bank cases during the past two years. asserted that some of the attorneys receiving money would be asked to refund the amounts collected the state. Attorneys For Bliss On List The also pointed out that firm of Mothersead and Scottsbluff, which has filed an junction Gering on behalf of Clarence Bliss receiver of failed bank in Scottsbluff, to prevent Bryan interfering in its affairs, drew fees in nine receiverduring the last two years. Some democratic lawyers are cluded the roster made public the but he said most got only small amounts, while the big fees went to republicans. This list, he covcred only the period the Weaver biennium, ending June 30, last, the same condition prevailed during the McMullen regime. attorneys traveled all over the state for banks widely scattered places," the govercontinued. several different groups prominent lawyers have fees from the same little banks. The contest the last few days being made hold control these and keep this army republican attorneys on the payroll. Herewith are the names of the lawyers, drawn, the bank receiverships from which fees paid during the two years from July to June 30, 1931, given out by Ponca, $735, Allen State Bank, Allen: Citizens State Bank, State Bank; and Security Bank Ponca. George Hastings, Grant, $438, Allen State Bank, Allen; The State Bank, Champion; Perkins County State Bank, Grainton. Romig, Alliance, $147, First Bank, Alliance George Hager, Lincoln, $1,245,State Bank, Commerce, Ong: Exchange Bank, Ong, and Farmers State Bank, Good, Good and Kirkpatrick, Lincoln, Ashland State Bank, Line, Loup City, Bank Ashton, Bank Litchfield: and Loup City State Loup City. Stephens, Loup City, $417.15, Ashton, Cain. Falls City, $1,338.38, Nemaha Bank, Nebraska Bank, State Auburn, $10.00, County Bank, Auburn. Fred Auburn, Nemaha County Bank, Edgar Ferneau, County Bank, Auburn; Bank Crab Orchard Kelsey Kelsey, Norfolk, Battle Creek Valley Bank, Battle Creek; State Bank, Pierce; Enola State Bank, Magnet Bank, Magnet; Meadow Grove Bank. (Turn Page Eight Column Seven)