Farmers Bank - Page, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 15, 1920
Location: Page, Nebraska (42.401, -98.417)

Metadata

Model: gpt-5-mini
Short Digest: 0ea27f1d

Response Measures

None

Description

Multiple syndicated wire stories (July 15–23, 1920) report that the Farmers' Bank of Page, Neb., a state institution, was closed on advice of counsel for stockholders and the State Banking Board was asked to take charge. No run is mentioned; examiners found apparent irregularities in the books and the bank president was found dead. This indicates a suspension leading to state takeover/closure (receivership).

Events (1)

1. July 15, 1920 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Examiners found apparent irregularities in the bank's books; president Eugene Smith was found dead; inability to state bank's condition prompted closure and request that State Banking Board take charge.
Newspaper Excerpt: The Farmers' Bank of Page, Neb., a state institution, was closed on the advice of former State Senator James A. Donohoe, counsel for the stockholders, and the State Banking Board was requested to take charge.
Source: newspapers

Newspaper Articles (6)

1. July 15, 1920 Gilpin Observer Central City, CO

Article from Gilpin Observer, July 15, 1920

Click image to open full size in new tab

Article Text

WESTERN Elbert W. Blancett, convicted of the murder of Clyde Armour, was hanged The the jail yard at Santa Fé. crime in was committed October 23, 1916. the Two well-dressed boys held up miles of Waterloo, Neb., twenty gagged bank of Omaha, bound and the west Cashier W. T. Stratton, robbed aubank of $1,500 and escaped in an tomobile. G. Bernard, a United States Camimmigration Alfonso officer stationed at Calif., sixty miles from San Diego, autopo, run down and killed by an halt the mobile was when he attempted to machine in a search for smugglers. Lieut. Frank Stanford was killed serious- and Adams, deputy sheriff, Kan., Homer injured at Independence, flying ly an aeroplane they were candiwhen 100 feet. Stanford was a August date fell for representative in the primaries. force of government hunters and un- inA direction of J. S. Ligon hunter, der J. S. Lilly, noted lion drive a three New range in western they bagged five lions and two gray ico, has the cluding Black completed whereby weeks' fourteen wolves. largest Mex- in This bear, catch is said to be the in Estimated several years. crop production in condi- Kan1920 as based upon the report sas for July 1, according to the the Bution on the Kansas office of States issued by Crop Estimates, United reau of Agriculture, 110,313,000 ter 321,000 bushels; oats, Department wheat, wheat of bushels; bushels. shows 52,418,000 spring win- conbushels, and barley, 16,605 in reported fatalities of The with the airplane been forest reserves a at Alturas, Calif., fell by Wayman Haney two nection ernment ported first have when patrol about plane pas- gov- repiloted killing Haney and Harold 400 feet, Antonio Salcedo and civilian Robie. The latter forest sengers, server employed by was the a corn service. pro- obthat Nebraska's last Prediction year will exceed duction 4,055,000 a joint crop States Bureau of of year's United made in yield this by report Crop bushels by Esti- Ag- the is and State Department 188,riculture. mates The report estimates produced, as 241,000 compared bushels to 184,186,000 will be bushels in 1919. Farmers' Bank of Page, on Neb., the The institution, was closed James a state of former State Senator counsel advice Donohoe, Banking for the Board stockA. and the State Eugene holders, requested to take charge. bank, was was president of the near Page. Smith, dead in a cow pasture who have found O'Neill banks Experts from the bank's irregularities books said been going over apparent condition. and they had were found unable to state its WASHINGTON T. Hines, chief the of Brig. Gen. of Frank Transportation designated in the Bureau Department, has been head the inland War Baker to service, esby Secretary waterways transportation and tablished coastwise under the new act. executives have of under approving conRailway the question companies sideration consolidation of express period of federal the effected during the return to the as or of seeking a companies. control of competing for the old system would be advisable service Whether it handle the express discussion. railroads to also is under themselves Gouled, convicted of government defraudFelix United States raincoats, ing the contracts for army to Poland in will through be permitted his to cotton go goods Federal busithe interests through of a decision Gouled by is at liberty by ness, H. B. Howe. pending decision Judge $25,000 bond as to the legality him. of on the a Supreme seven-year Court sentence imposed upon railroad first settlement with arising a out of The all claims announced company of has been railroad by federal the operation administration. the Spokane, which Port- in has agreed to pay railroad $1,600,000 land & Seattle remaining after the railway balcash, the sum claims of the and the of company ancing the government of against the the against government railroad have company. thousand draft evaders Courts and given been Five convicted sentences in prison, in of Federal according from thirty to of days reports Jus to one year Department to tice. Thirty compiled at thousand the cases remain the be investigated. coal production first in of the an United Bituminous States totaled from the 262,272,000 tons, the year increase to July of 4 44,173,000 tons over

2. July 16, 1920 The Idaho Springs Siftings-News Idaho Springs, CO

Article from The Idaho Springs Siftings-News, July 16, 1920

Click image to open full size in new tab

Article Text

LATEST NEWS EPITOMIZED FROM TELEGRAPHIC REPORTS THAT COVER THE WEEK'S EVENTS. OF MOST INTEREST KEEPING THE READER POSTED ON THE IMPORTANT CURRENT TOPICS. Western Newspaper Union News Service. WESTERN Elbert W. Blancett, convicted of the murder of Clyde Armour, was hanged The in yard at Santa was committed October crime the jail held Fé. 23, 1916. the Two well-dressed boys up of Waterloo, Neb., of Omaha, bound bank west twenty and robbed gagged miles the Cashier W. T. Stratton, bank of $1,500 and escaped in an automobile. Alfonso G. Bernard, a United States officer Cammiles from San Calif., po, immigration sixty stationed Diego, at was run down and killed by an auto- the mobile when he attempted to halt machine in a search for smugglers. Lieut. Frank Stanford was killed and Homer Adams, deputy sheriff, serious- Kan., ly injured at Independence, when an aeroplane they were flying fell 100 feet. Stanford was a candidate for representative in the August primaries. Reports from the lower Yakima valley, in Washington, which was flooded by a cloudburst, indicate an estimated damage of $250,000. Railroad tracks Sidwere washed out between Mills Granger, and many fruit ranches broken, ing and reclamation flooded canals and trees uprooted. The first reported fatalities in conn nection with the airplane patrol of government forest reserves have been ret at Alturas, Calif., when a plane f by Wayman Haney G piloted ported fell two about 400 feet, killing Haney and Harold pasAntonio Salcedo and The latter was a obemployed by the forest sengers, server Robie. civilian service. Prediction that Nebraska's corn production this year will exceed last year's yield by 4,055,000 bushels the is in a joint crop report States Bureau of made United Crop by of Esti- Agmates and State Department riculture. The report estimates 188,- as 21*000 bushels will be produced, red to 184,186,000 bushels in TATE 01 Farmers' Bank of Page, Neb., the institution. was closed on of former State counsel for A. advice Donohoe, Fite Senator the James Board stockholders, and the State Banking to take president of the was Smith, requested charge. bank, Eugene Page. was found dead in a cow pasture near Experts from O'Neill banks who have said going over the bank's books been had found apparent irregularities condiand they were unable to state its tion. WASHINGTON Five thousand draft evaders have been convicted in Federal Courts and given sentences of from thirty days to one year in prison, according to reports Juscompiled at the Department of tice. Thirty thousand cases remain to be investigated. Railway executives have under consideration the question of approving the consolidation of express companies effected during the period of federal the as control or of seeking a return to system of competing companies. the old Whether it would be advisable for railroads to handle the express service themselves also is under discussion. Extension for thirty days of the or- of der giving preferential distribution of cars to coal mines east by open-top the Mississippi has been ordered interstate commerce Commission, the effort to solve the coal trans- order portation in an problem. The original would have expired July 21. John Freedman, a British subject, executed, and several Americans of was escaped death at the hands bolshebarely anarchist band of Russian an known as the "red black guard" during vists the reign of terror at Nikolaievsk, Siberia, according to a report the the State Department from American to consul at Vladivostok. Gouled, convicted of defraudFelix United States government ing the contracts for army Poland raincoats, in through will be permitted to go to busiof his cotton goods the interests a decision by Federal ness, through H. B. Howe. Gouled is at liberty by Judge bond pending decision on $25,000 Court as to the legality of the a Supreme seven-year sentence imposed upon him. Bituminous coal production in of the the States from the first United 4 totaled 262,272,000 tons, year increase to July of 44,173,000 tons over period the an figures for the same anproduction in 1919, the geological survey at Washington. Bailey, in the dismissed New nounced Justice Court, District proceedings of Supreme brought by Charles Fairchilds

3. July 16, 1920 Elbert County Tribune and Elbert County Banner Elbert, CO

Article from Elbert County Tribune and Elbert County Banner, July 16, 1920

Click image to open full size in new tab

Article Text

CONDENSED er PROGRESS OF EVENTS AT HOME AND ABROAD ALL FROM SOURCES BAYINGS, DOINGS, ACHIEVE. MENTS, SUFFERINGS, HOPES AND FEARS OF MANKIND. Western Newspaper Union News Service. WESTERN Elbert W. Blancett, convicted of the murder of Clyde Armour, was hanged in the jail yard at Santa Fé. The crime was committed October 23, 1916. Two well-dressed boys held up the bank of Waterloo, Neb., twenty miles west of Omaha, bound and gagged Cashier W. T. Stratton, robbed the bank of $1,500 and escaped in an automobile. Alfonso G. Bernard, a United States immigration officer stationed at Campo, sixty miles from San Diego, Calif., was run down and killed by an automobile when he attempted to halt the machine in a search for smugglers. Lieut. Frank Stanford was killed and Homer Adams, deputy sheriff, serious ly injured at Independence, Kan., when an aeroplane they were flying fell 100 feet. Stanford was a candidate for representative in the August primaries A force of government hunters under direction of J. S. Ligon and including J. S. Lilly, noted lion hunter, has completed a three weeks' drive in the Black range in western New Mexico, whereby they bagged fourteen bear, five lions and two gray wolves. This catch is said to be the largest in several years. Estimated crop production in Kansas for 1920 as based upon the condition on July 1, according to the report issued by the Kansas office of the Bureau of Crop Estimates, United States Department of Agriculture, shows win ter wheat 110,313,000 bushels spring wheat, 321,000 bushels oats, 52,418,000 bushels, and barley, 16,605 bushels. The first reported fatalities in connection with the airplane patrol of gdvernment forest reserves have been reported at Alturas, Calif., when a plane piloted by Wayman Haney fell about 400 feet, killing Haney and two passengers, Antonio Salcedo and Harold Robie. The latter was a civilian observer employed by the forest service. Prediction that Nebraska's corn production this year will exceed last year's yield by 4,055,000 Bushels is made in a joint crop report by the United States Bureau of Crop Estimates and State Department of Agriculture. The report estimates 188, 241,000 bushels will be produced, as compared to 184,186,000 bushels in 1919. The Farmers' Bank of Page, Neb., a state institution, was closed on the advice of former State Senator James A. Donohoe, counsel for the stockholders, and the State Banking Board was requested to take charge. Eugene Smith, president of the bank, was found dead in a cow pasture near Page. Experts from O'Neill banks who have been going over the bank's books said they had found apparent irregularities and were unable to state its condition. WASHINGTON Brig. Gen. Frank T. Hines, chief of the Bureau of Transportation in the War Department, has been designated by Secretary Baker to head the inland and coastwise waterways service, established under the new transportation act. Railway executives have under conthe question of the of express sideration consolidation approving companies as effected during the period of federal control or of seeking a return to the old system of competing companies. Whether it would be advisable for the railroads to handle the express service themselves also is under discussion Felix Gouled, convicted of defrauding the United States government through contracts for army raincoats, will be permitted to go to Poland in the interests of his cotton goods business, through a decision by Federal Judge H. B. Howe. Gouled is at liberty on $25,000 bond pending decision by the Supreme Court as to the legality of a seven-year sentence imposed upon him. The first settlement with a railroad company of all claims arising out of federal operation has been announced by the railroad administration, which has agreed to pay the Spokane, Portland & Seattle railroad $1,600,000 in cash, the sum remaining after the balancing of the claims of the railway company against the government and of the government'against the railroad company. Five thousand draft evaders have been convicted in Federal Courts and given sentences of from thirty days to one year in prison, according to reports compiled at the Department of Jus tice. Thirty thousand cases remain to be investigated. Bitumiaous coal production in the United States from the first of the year to July 4 totaled 262,272,000 tons. an increase of 44,173,000.tons over the production figures for the same period

4. July 22, 1920 Cheyenne Record Cheyenne Wells, CO

Article from Cheyenne Record, July 22, 1920

Click image to open full size in new tab

Article Text

THE LATEST IMPORTANT DIS PATCHES PUT INTO SHORT, CRISP PARAGRAPHS. STORY OF THE WEEK SHOWING THE PROGRESS OF EVENTS IN OUR OWN AND FOREIGN LANDS. Western Newspaper Union News Service. WESTERN A farmer near Salem, Ore., unable to run because of a crippled hip, shot and killed John Leonardi, escaped patient from the State Hospital for the Insane, when Leonardi charged him with a pitchfork in a field. Col. M. M. Tinley of Iowa, 168th infantry, Rainbow division, was chosen by the nominating committee of the reunion of veterans of that divihead the organization sion first to the conven- for the coming year and elected at tion at Birmingham. After having refused to accept exfrom former Goverand eccentric ecutive Bill nors Edwards, Colquitt elemency Ferguson, Texas convict, "Uncle" aged 70, wrote the governor for a pardon as a birthday present on July 19, 1920. It was immediately granted. Admiral Hugh Rodman, of the commander-in-chief Piloted by Pacific fleet, Danthe destroyer on which Secretary Payne left Alaska, in reached lels and Ketchikan, Secretary the Seattle, record time of thirty-six hours, cutting five hours off the previous best time for that run. Three men were instantly killed an in which were crashed to the when riding airplane ground dead they at Coeur Gus Idaho. The are Bonner's Ferry, ter Idaho, Erickson, d'Alene, Savage, Kellogg, Pullman, Idaho; and Wash. Pilot PeCleo Shelton Miller of The accident was witnessed by more than 1,000 spectators. that Nebraska's corn prothis year duction Prediction yield will exceed bushels last year's by 4,055,000 is made in a joint crop report by the United States Bureau of Crop Estimates and State Department of AgThe report estimates 188,bushels will be as riculture. 241,000 produced, bushels compared to 184,186,000 in 1919. The Farmers' Bank of Page, Neb., a state institution, was closed on the advice of former State Senator James A. Donobbe, counsel for the stockholders, and the State Banking Board was requested to take charge. Eugene president of the bank, was dead in a cow pasture near found Smith, Page. have Experts from O'Neill banks who been going over the bank's books said they had found apparent irregularities. WASHINGTON Less gold was produced throughout the world last year than in and are that the 1920 output indications according 1918 also will show a reduction, to the geological survey which, on incomplete returns, places the 1919 to production at from $345,000,000 $350,000,000. Secretary of War Baker, who is of the water power commiscreated by the new power a deact, sion, chairman has appointed committee water to draw of partmental representatives up rules and regulations for the administration of the new act. Maj. Gen. E. H. Crowder, judge advocate genand former provost marshal genof the eral eral in charge administration com of the draft act, is head of the mittee. Commander J. C. Hunsaker, N., deliver the Wright address for 1920 the memorial who will Wilbur before of Eng Royal Aeronautical Society land, has been elected an honorary Fellow of that society. This is the first time the distinction has been conferred on one not a British subject. The big packers have demanded more than $6,000,000 from the War Department for the cancelation of an oral contract for meats which were to have been delivered during the three months after the signing of the armistiee. Whether this sum or any part of it will be paid will be determined by Seccretary Baker. second of two Zeppelin which, it is are to cruisers, Berlin.-The reported, to America, have left Friedsays a message from Acbe richshafen, Tages sent Zeitung Constance to the cording to the same source, German agents in New York are endeavoring to sell the Zeppelin patents to American interests as the Friedrichshafen yards, by the peace treaty, are debarred from building further airships. An agreement has been reached be tween wholesalers and retailers 01 Pittsburg, Pa., it has been announced. to sell bread by the ounce instead of by the loaf. Three-fourths of a cent an ounce was fixed as the standard price. A gray timber wolf, weighing sixty pounds or more, was killed the other James Kees, who of Ind., in a woods Richmond, day by lives adjoining east golf links of the Richmond Country The animal had on Club. the been for preying several poultry in the vicinity days.

5. July 22, 1920 The Raymer Enterprise Raymer, New Raymer, CO

Article from The Raymer Enterprise, July 22, 1920

Click image to open full size in new tab

Article Text

CONDENSATION OF FRESH NEWS THE LATEST IMPORTANT DIS PATCHES PUT INTO SHORT, the CRISP PARAGRAPHS. STORY OF THE WEEK SHOWING THE PROGRESS OF EVENTS IN OUR OWN AND FOREIGN LANDS. Western Newspaper Union News Service WESTERN A farmer near Salem, Ore., unable to run because of a crippled hip, shot and killed John Leonardi, escaped pa tient from the State Hospital for the Insane, when Leonardi charged him with pitchfork in a field. Col. M. M. Tinley of Iowa, 168th infantry, Rainbow division, was chosen by the nominating committee of the first reunion of veterans of that division to head the organization for the coming year and elected at the convention at Birmingham After having refused to accept ex ecutive elemency from former Governors Colquitt and Ferguson, "Uncle" Bill Edwards, eccentric Texas convict, aged 70, wrote the governor for a pardon as a birthday present on July 19. 1920. It was Immediately granted. Piloted by Admiral Hugh Rodman, commander-in-chief of the Pacific fleet, the destroyer on which Secretary Daniels and Secretary Payne left Seattle, reached Ketchikan. Alaska, in the record time of thirty-six hours, cutting five hours off the previous best time for that run Three men were instantly killed when an airplane in which they were riding crashed to the ground at Coeur d'Alene, Idaho. The dead are Gus Erickson, Bonner's Ferry, Idaho: Peter Savage, Kellogg. Idaho, and Pilot Cleo Shelton Miller of Pullman, Wash. The accident was witnessed by more than 1,000 spectators. Prediction that Nebraska's corn production this year will exceed last year's yield by 4,055,000 bushels is made in a joint crop report by the United States Bureau of Crop Estimates and State Department of Ag riculture The report estimates 188,241.000 bushels will be produced, as compared to 184,186,000 bushels in 1919. The Farmers' Bank of Page, Neb., a state Institution, was closed on the advice of former State Senator James A. Donohoe, counsel for the stockholders, and the State Banking Board was requested to take charge. Eugene Smith, president of the bank, was found dead in cow pasture near Page Experts from O'Neill banks who have been going over the bank's books said they had found apparent irregularities. WASHINGTON Less gold was produced throughout the world last year than in 1918 and indications are that the 1920 output also will show a reduction, according to the geological survey which, on incomplete returns, places the 1919 production at from $345,000,000 to $350,000,000. is Secretary of War Baker, who chairman of the water power commission, created by the new water power act, has appointed a committee of departmental representatives to draw up rules and regulations for the admin istration of the new act. Maj. Gen E. H. Crowder, judge advocate general and former provost marshal general in charge of the administration of the draft act, is head of the committee. Commander J.C. Hunsaker, U.S. N. who will deliver the Wilbur Wright memorial address for 1920 before the Royal Aeronautical Society of Eng land, has been elected an honorary Fellow of that society. This is the first time the distinction has been conferred on one not a British subject. The big packers have demanded more that $6,000,000 from the War Department for the cancelation of an oral contract for meats which were to have been delivered during the three months after the signing of the armistice. Whether this sum or any part of it will be paid will be determined by Seccretary Baker. Berlin.-The second of two Zeppelin cruisers, which, it is reported, are to be sent to America, have left Fried. richshafen, says a message to the Tages Zeitung from Constance. According to the same source, German agents in New York are endeavoring to sell the Zeppelin patents to Amerian interests as the Friedrichshafen yards, by the peace treaty, are debarred from building further airships. An agreement has been reached be 'ween wholesalers and retailers of Pittsburg, Pa., It has been announced, to sell bread by the ounce Instead of by the loaf. Three-fourths of a cent an ounce was fixed as the standard price. A gray timber wolf. weighing sixty pounds or more, was killed the other day by James Kees, who lives east of Richmond, Ind., in a woods adjoining the golf links of the Richmond Country Club. The animal had been preying on poultry in the vicinity for several days.

6. July 23, 1920 Carrizozo Outlook Carrizozo, NM

Article from Carrizozo Outlook, July 23, 1920

Click image to open full size in new tab

Article Text

LATEST NEWS EPITOMIZED FROM TELEGRAPHIC REPORTS THAT COVER THE WEEK'S EVENTS. OF MOST INTEREST KEEPING THE READER POSTED ON THE IMPORTANT CURRENT TOPICS. Western Newspaper Union News Service. WESTERN Elbert W. Blancett, convicted of the murder of Clyde Armour, was hanged in the jail yard at Santa Fé. The crime was committed October 23, 1916. Two well-dressed boys held up the bank of Waterloo, Neb., twenty miles west of Omaha, bound and gagged Cashier W. T. Stratton, robbed the bank of $1,500 and escaped in an automobile. Alfonso G. Bernard, a United States immigration officer stationed at Campo, sixty miles from San Diego, Calif., was run down and killed by an automobile when he attempted to halt the machine in a search for smugglers. Lieut. Frank Stanford was killed and Homer Adams, deputy sheriff, seriously injured at Independence, Kan., when an aeroplane they were flying fell 100 feet. Stanford was a candidate for representative in the August primaries. Reports from the lower Yakima valley, in Washington, which was flooded by a cloudburst, indicate an estimated damage of $250,000. Railroad tracks were washed out between Mills Siding and Granger, reclamation canals broken, and many fruit ranches flooded and trees uprooted. The first reported fatalities in connection with the airplane patrol of government forest reserves have been reported at Alturas, Callf., when a plane piloted by Wayman Haney fell about 400 feet, killing Haney and two passengers, Antonio Salcedo and Harold Robie. The latter was a civilian observer employed by the forest service. Prediction that Nebraska's corn production this year will exceed last year's yield by 4,055,000 bushels is made in a joint crop report by the United States Bureau of Crop Estimates and State Department of Agriculture. The report estimates 188,241,000 bushels will be produced, as compared to 184,186,000 bushels in 1919. The Farmers' Bank of Page, Neb., a state institution, was closed on the advice of former State Senator James A. Donohoe, counsel for the stockholders, and the State Banking Board was requested to take charge. Eugene Smith, president of the bank, was found dead in a cow pasture near Page. Experts from O'Neill banks who have been going over the bank's books said they had found apparent irregularities and were unable to state its condition,