Plainview State Bank - Plainview, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 24, 1893
Location: Plainview, Nebraska (42.350, -97.792)

Metadata

Model: gpt-5-mini
Short Digest: 1403c67e

Response Measures

None

Description

The Plainview State Bank was burglarized and consequently did not open on July 24, 1893; the state banking examiner investigated and the attorney general petitioned the supreme court to appoint a receiver, consistent with a suspension that led to receivership/closure. OCR shows varying robbery amounts ($3,000 vs $30,000); the examiner's report (article 5) gives the precise shortfall as $3,301.73 and raises suspicion of internal irregularities.

Events (2)

1. July 24, 1893 Suspension

Cause Details: Bank was burglarized/robbed (reported loss ~ $3,000) and therefore did not open; state examiner later questioned whether robbery claim was accurate, finding mutilated records and missing notes.
Newspaper Excerpt: The Plainview State Bank was robbed...and in consequence did not open its doors this morning.
Source: newspapers

2. July 29, 1893 Receivership

Newspaper Excerpt: The State Banking Board was notified of the suspension ... the attorney general at once petitioned the supreme court to appoint a receiver.
Source: newspapers

Newspaper Articles (6)

1. July 25, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 25, 1893

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Article Text

Other Failures. SYRACUSE, N. Y., July 24.-The extensive manufacturing firm of Bradley & Co. went into a receivership this afternoon. Judge Vann appointed John Dunn, jr., receiver. The firm manufactured trip ham. mers and the plant 18 valued at $500,000. Liabilities about $350,000. The Judge 18sued an order allowing the receiver to continue the manufacture and sale of the stock on hand. NEW YORK, July -Henry Bach, wholesale dealer in clothing. at No. 737 Broadway. with branchesin Boston and Chicago, has become financially embarassed and has confessed judgment. The liabilities are reported to be over $100,000. He owes several creditors large amounts. Mr. Bach said he proposed to call a creditors' meeting at once and to ofter 30 cents on the dollar as a compromise. CINCINNATI. July 21.-Judge Ricks, of the United States Court. to-day appointed John Eaton receiver of the property in Ohio of the Oil Well Supply Company, of Pittsburg. The appointment is at the instance of Edward H. Cole, a stockholder, and is supplementary to the action taken by the United States Court in Pittsburg in the same suit. ELKHART, Ind., July 24.-J. H. Brande, who brought a large stock of dry goods here from Niles, Mich., about three months ago, has made an assignment to J. H. Nicks, of this city. Assets and liabilities have not been made known. Marshall Field & Co., of Chicago, have brought suit against Brande to recover for goods sold him. GREAT FALLS, Mont., 'July -Merchants' National Bank closed its doors to-day at noon. The bank had $21,000 in city funds and $32.000 of the county and $20,000 of State funds, but has little or ,no ready money on hand. BALTIMORE, July 24.-The Southern Electric Company. one of the big enterprises of this city. made a voluntary assignment to-day. to Merrill N. Packard. The assets are estimated at $175,000; liabilities, $100,000. PLAINVIEW, Neb., July 24.-The Plainview State Bank was robbed, Sunday night. of about $3,000 in cash. In consequence the bank did not open its doors this morning. PORTSMOUTH. O., July 24.-The Citizens' Saving Bank, which suspended about the middle of June, resnmed to-day. ORLANDO, Fla.. July - -The First National Bank of this city closed its doors this morning,

2. July 25, 1893 The Anaconda Standard Anaconda, MT

Article from The Anaconda Standard, July 25, 1893

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Article Text

PEOPLE AND PLACES. MUNICH, July 24.-The condition of King Otto of Bavaria is daily becoming worse. TACOMA, Wash.. July 24. - The Tacoma National bank did not open its doors this morning. PLAINVIEW, Neb., July 24. The Plainview State bank was robbed last night of $30,000 cash. and in consequence did not open its doors this morning. NEW YORK, July 24.-Henry Bach, wholesale clothing. No. 737 Broadway.with branches in Boston and Chicago, is financially embarrassed. His liabilities are over $100,000. CONNERSVILLE, Ind., July 24. The Citizens' bank. owned by ex-United States Treasurer Huston, has failed. No statement of assets or liabilities. Depositors will. it is said, be paid in full. WASHINGTON, July 24.-The treasury is informed that 15 persons, eight of them federal officials, have been indicted at Portland, Ore., for smuggling Chinese and opium into the United States. LOUISVILLE, Ky., July The Louis= ville City National bank suspended this afternoon. It has a capital of $400,000. It was impossible to realize on assets. Deposits received to-day will be returned. NEW YORK. July 21.-One hundred and twenty-eight thousand ounces of silver will be shipped to-morrow. Two hundred thousand dollars of gold arrived to-day from Europe and $270,000 from Havana. MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment to-morrow. Its assets and liabilities about $625,000. The sus. pension of the New Hampshire Trust company precipitated this. SYRACUSE, N. Y., July 24.-The extensive manufacturing firm, Bradley & Co., went into a receiver's hands this afternoon. The firm manufactured trip hammers, wagons and fancy carriages and filters. The buildings and plant are valued at $500,000. The liabilities are about $350,000. DENVER, July 21. - Bank Examiner Lazar says: All the six suspended banks here have enough assets to resume in time and that a plan is on foot to get depositors to accept certificates of deposit payable in instalments giving them time to realize on their assets and prevent enforced liquidation. ASBURY PARK, July 21.-One hundred and forty members of the First brigade of the New Jersey National guard. now in camp at Sea Girt, are prostrated by some mysterious poison, the nature of which is not known. It may have come from OX+ alic acid gathesed in their tin cups. which had been stored since last summer. It is not thought that any of the men will die. WASHINGTON. July 24.-The grand jury found true bills against Col. Frederick C. Ainsworth, chief of record and pension division of the war department. George W. Dart. the contractor employed to make excavation for the electric light plant. W. E. Covert, superintendent, and Francis Casse. engineer. holding them responsible for the old Ford theater disaster last June in which 23 persons lost their lives, and a large number were injured.

3. July 26, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, July 26, 1893

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Article Text

ABBREVIATED TELEGRAMS. A Georgia delegate to the Monona lake assembly advocates settling the race problem by establishing a separate state for negroes. Obituary: At Lake Geneva, Wis., Arthur Kaye, proprietor of Kaye's Park hotel. At Ottawa, Ont., Christopher S. Patterson, supreme court judge, aged 70. A New York report says that Grand Master Workman Powderly, of the Knights of Labor, has resigned, and that James J. Linehan, president of the Trade and Labor Assembly of Chicago, is likely to be his successor. Nicaraguan revolutionists have shelled the city of Ma: agua. Two persons were killed and many buildings damaged. United States Minister Baker and representatives of other foreign powers have sent a formal protest to the revolutionary junta. A genuine volcano is reported to have been discovered four miles south of Ponca, Neb. The Plainview (Neb.) State bank, which was burglarized of $3,000 in cash Sunday night has suspended. A cyclone at Cale, I. destroyed a number of buildings and ruined crops. John B. Koetting, cashier of the South Side Savings bank at Milwaukee, which failed Saturday, has mysteriously disappeared. The National Bank of the Commonwealth and the Bank of New England at Manchester, N. H., have suspended. The Ohio Transfer and Storage company's building at Columbus, 0., were burned, causing a loss of $300,000. By the bursting of a boiler the flouring mill of Kenny & Newgard at Hawarden, Ia., was wrecked, entailing a loss of $3,000, not covered by insurance. Frank Chapman, engineer, was seriously injured. The contract for building the Milwaukee city hall has been let to Paul Riesen for $696,348. The convention of Christian Endeavor at Montreal cost the local committee over $100,000, and claims are accumulating in excess of that amount Russian crop prospects have greatly improved. A fairly large yield is now expected, especially of rye, the chief breadstuff of the nation. Statistics gathered by the German imperial commission on labor show that in many parts of the empire the duration of work exceeds fifteen hours daily. The Merchants' National and Louisville Deposit banks, at Louisville, have suspended. This makes four Louisville banks that have collapsed in the last three days. Depositors will lose nothing. Simmons Liver Regulator, bear in mind, is ot an experiment. It is endorsed by thousands

4. July 28, 1893 The Times Owosso, MI

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LATER. THE Forest and Dean mines near Highland Falls, N. Y., which had been in operation continuously for a hundred years, closed down for an indefinite period. SEVENTY guards in camp at Seagirt, N. J., were poisoned by drinking from cups washed in oxalic acid. A PIRATICAL outbreak occurred among the Achinez passengers on board the Dutch steamer Rajah Kongsee, trading on the eastern coast of Achon, and the Achinez killed the English captain, mate and twenty-two of the Asiatic sailors. DURING a gale at Buzzard's Bay, Mass., a yacht was capsized and six persons were drowned. THE Plainview (Neb.) State bank was robbed of $3,000 in cash, and in consequence the bank did not open its doors. THE extensive manufacturing firm of Bradley & Co. at Syracuse, N. Y., went into a receiver's hands with liabilities of $350,000. A SEVERE cyclone passed over the little town of Cale, I. T., destroying houses, barns, and everything in its path. FROM twenty to thirty Chinamen are said to enter the United States nightly via the Mexican border. A BLAZE in the Ohio Transfer & Storage company building at Columbus, O., destroyed the plant. Loss, $300,000. THREE boys and a man were killed by the explosion of a powder house near Huntington, Ind. BANK failures were reported as follows: The First national at Orlando, Fla., Tacoma national at Tacoma, Wash., City national at Louisville, Ky., Citizens at Connersville, Ind., Taylor county at Medford, Wis., and the National bank of the commonwealth and Bank of New England at Manchester, N. H. THE two hundredth anniversary of the birth of the city of Detroit, Mich., was celebrated. GAUDAUR defeated Hanlan in the boat race at Toronto, Ont., for the world's championship. DIRECTOR GENERAL DAVIS, President Higinbotham, Commissioner St. Clair, Commissioner Massey and Director C. H. Schwab were served with a notice to appear in court before Judge Stein in Chicago to show cause why they should not be attached for contempt of court in not opening the gates of the exposition on Sunday in violation of the injunction against closing issued in the Clingman case.

5. July 30, 1893 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, July 30, 1893

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Article Text

BANK ROBBERS FINE WORK TOTAL How a Plainview Institution Was Wrecked Without Violence. HAS COMPROMISED THE OFFICIALS NT Three Thousand Extracted from the Safe and Suspension Foreed-Condition as Explained by/the State Bank Examiner. LINCOLN. July 29.-[Spedial to THE BEE.]There will be many things connected with the suspension of the Plainview State bank that the officers will have some difficulty in explaining to the court before the matter is finally adjudicated. When the bank was opened by its officers last Monday it was discovered that something over $3,000 had been taken from the safe since the Saturday previous. Owing to the loss of this amount of money the bank was compelled to suspend. The State Banking Board was notified of the suspension and R. H. Townley, clerk of the board, has been at Plainview all week, making an investigation into the condition of the affairs of the institution. His report was filed with the clerk of the supreme court today and the attorney general at once petitioned the supreme court to appoint a receiver. The examiner's report raises some very grave doubts as the correctness of the report that the bank had been robbed. There are many other suspicious circumstances about the affair. For instance, the examiner found that the discount register had been mutilated, and a great many notes held by the bank missing. Examiner's Private Judgment. In closing his report, Examiner Townley makes the following statement: "There seems to be ample resources to meet all deposits and to discharge bills payable. The suspension was forced by the abstraction of $3,301.73 from the safe. The books show that this amount was on hand on Saturday when the bank closed for the day. The money was gone when the examiner took charge. There was absolutely no evidence to show that any violence had been used to open either the bank building or the safe. The safe was either left unlocked. which is improbable, or was opened by the proper combination. The only persons in possession of the combination were the president and the cashier. There was no written copy of the combination. No outsider could have had any knowledge of the combination. "The currency and gold were taken. The silver was left undisturbed. This fact, together with the mutilation of the discount register. and the lack of evidence of forcible entry are circumstances which place the president and the cashier in unenviable positions. They both possessed the confidence of the community prior to the suspension. "The president stated that the latch of the back door had been forced open and that he had repaired it with larger screws. This may have been true. There was no evidence either for or against this assertion." Something About the Bank. The bank was a small one doing busin ess in a one-story frame building for which it paid but $10 per month in rent. It had no vault, but its safe was one of the standard make and had a time lock in good working order. The face of the books shows that the resources were as follows: Notes and bills discounted $15,847 53 76 28 Due from Omaha National bank 1 73 Due from Union National, Omaha Due from state banks 71 01 Cash 42 87 Furniture and fixtures 716 00 350.56 Current expenses. 3,301 Cash short from alleged robbery Total $20,407 71 The liabilities of the bank were as follows: $12,500.00 Capital stock paid in 698 00 Surplus Deposits 4,809 2,400.00 Bills payable Total $20,407 71 Both the president and the cashier claim to have no knowledgeof the manner in which the discount register came to be mutilated. The mutilation of this book will play a most important part in the settlement of the bank's affairs, for the reason that there are several thousand dollars worth of notes due the bank. There will be no way of collecting these notes and the presumption is that the records,

6. August 3, 1893 The Farmers' Union Memphis, MO

Article from The Farmers' Union, August 3, 1893

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FINANCIAL AND INDUSTRIAL -Money 1s piling up in the banks of Chicazo. Financiers of the city are greatly encouraged. Feeling in the stock market is confident. Street railroad shares particularly firm. Wheat advanced 2 cents a bushel. Exports were heavy, 495,000 bushels and 67,000 barrels of flour. Corn made about the same advance as did wheat. Country news and country buying furnished the impetus. Provisions shared the upward movement of grain. Lard showed a gain of 30 cents and ribs of 35 cents a hundred. -The attempt to cover a little short pork at Chicago jumped the price very quickly $2 a barrel, from $10 50 to $21.25, closing at $20.50. -At Indianapolis, the Indianapolis National Bank and the Bank of Commerce: at Milwaukee. the Wisconsin Fire and Marine Insurance Bank: and at Louisville, the Merchants' National and Louisville Deposit Banks suspended Tuesday morning. This makes four Louisville banks that have collapsed in three days. In each case the depositors will be paid in full. although the stockholders may lose considerably. -The reported failure of the International Trust Company at Denver is untrue. The company, as trustee under a second mortgage, has simply made a formal party defendent in the suit for a receiver for the Pueblo City Railway. -The Obermann Brewing Company. of Milwaukee, involved in the suspension of "Mitchell's bank." made an assignment to protect creditors. -The G. B. Hodgeman Manufacturing Company. one of the largest concerns in Sandusky, Ohio: E. J. Gayner. the Pottsville, Pa., railroad contractor; and Ripley & Bronson. iron merchants at St. Louis, made assignments. -The Plainview (Neb.) State Bank. which was burglarized of $3,000 in cash, has suspended. -The National Bank of the Commonwealth and the Bank of New England at Manchester, N. H., have suspended. -A New York report says that Grand Master Workman Powderly of the Knights of Labor, has resigned, and that James J. Linehan, President of the Trade and Labor Assembly of Chicago, is likely to be his successor. -The extensive woolea-mills of Scatchard Bros. Philadelphia. which have been giving employment to about two hundred and fifty hands, haveshutdown indefinitely owing to the depression in trade The firm has been in business for over a quarter of a century. and this is the first time that operations have been suspended in the mills. -The failure of H I. Nicholas & Co. members of the New York Stock Exchange, was announced Wednesday afternoon. The firm is composed of H. I. Nicholas. John D. Nicholas. Walter C. Taylor and Marcus Mayer The firm was considered quite a prominent firm in stock exchange circles. -R. G. Dun & Co.'s Weekly Review of Trade says: This week the country has stood surprisingly well an extraordinary strain. The failures of many banks and firms have come despite the relaxation in Eastern and in some Southern and Western money markets. Denver banks were overthrown largely by the crazy wisdom of the people. but in most citles statements show the hund in altha condition and