Article Text
RECEIVER APPOINTED.-The controller of the currency has today appointed Mr. Ortha C. Bell of Lincoln, Neb., receiver of the First National Bank of Red Cloud. Neb.
13531. First National Bank (Red Cloud, NE)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 2811
- Charter Number
- 2811
- Start Date
- July 17, 1891
- Location
- Red Cloud, Nebraska (40.089, -98.520)
Metadata
- Model
- gpt-5-mini
- Short Digest
425ca2d3
Response Measures
None
Receivership Details
- Depositor recovery rate
- 61.2%
- Date receivership started
- 1891-07-16
- Date receivership terminated
- 1896-02-25
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 21.6%
- Share of assets assessed as doubtful
- 26.2%
- Share of assets assessed as worthless
- 52.2%
Description
Comptroller appointed a receiver (O. C. Bell) on 1891-07-17. No articles describe a depositor run; records show receiver-managed liquidation and asset sales (noted 1892 notices and final sale of assets Sept 20, 1895), so this is a suspension by government action leading to permanent closure/receivership.
Events (9)
1.
November 8, 1882
Chartered
- Source
- historical_nic
2.
July 16, 1891
Receivership
- Source
- historical_nic
3.
July 17, 1891
Receivership
- Newspaper Excerpt
- The controller of the currency has today appointed Mr. Ortha C. Bell of Lincoln, Neb., receiver of the First National Bank of Red Cloud. Neb.
- Source
- newspapers
4.
July 17, 1891
Suspension
- Cause
- Government Action
- Cause Details
- Comptroller of the currency appointed a receiver, indicating suspension/closure by federal banking authority.
- Newspaper Excerpt
- the receiver of the Red Cloud National bank is here and has commenced an investigation of the bank's affairs.
- Source
- newspapers
5.
April 1, 1892
Other
- Newspaper Excerpt
- Sealed bids will be received at office of the receiver of the First National Bank, Red Cloud, Neb., until 12 m. (noon) May 2, 1892, for banking building, furniture and fixtures therein;
- Source
- newspapers
6.
April 8, 1892
Other
- Newspaper Excerpt
- O. C. Bell, receiver of the First National bank, informs us that that institution has declared a dividend of 20 per cent which is now ready to be paid out.
- Source
- newspapers
7.
May 2, 1892
Other
- Newspaper Excerpt
- Sealed bids will be received at office of the receiver ... until 12 m. (noon) May 2, 1892, for banking building, furniture and fixtures therein;
- Source
- newspapers
8.
May 24, 1892
Other
- Newspaper Excerpt
- I shall offer for sale at public vendue ... on the 24th Day of May, A. D. 1892, at one o'clock p. m. ... property ... (Sheriff's Sale).
- Source
- newspapers
9.
September 20, 1895
Other
- Newspaper Excerpt
- the final sale of the assets of said bank was made by affiant on September 20, 1895, and that no liabilities or obligations of James McNeny were among the assets of said bank offered for sale, ... O. C. BELL, receiver.
- Source
- newspapers
Newspaper Articles (13)
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We acknowledge the receipt of six potatoes which weigh seven pounds from Mr. Howard. The potatoes are known as the early Obio. Robert Harris has raised the largest Irish potato, and is so far the champion, in Webster county. The rotato weighs twenty-five ounces and is of the spceies known as the Early Ohio. Hon. C. G. Dorsey, the receiver of the Red Cloud National bank is here and has commenced an investigation of the bank's affairs. There is a probability, so it is said, that the debtors of that concern will be apt to lose on their depoits. If this is true it will be quite a hardship to these people who have been years in accumulating their little earnings. There IS no doubt now, but what the First National bank will soon be opened with a new directory and a new line of stock, provided everything goes all right. The bank is in fairly good shape and with the aid of the wealthy eastern stock holders, of which there is quite a number the bank can easily be placed on a better footing than any institution in the valley. We hope there will be no insurmountable obstacle in the way of its reorganization.
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ANVEROS SMEK A world's fair association has capital. organized in Alabama with been $50,000 The deaths from cholera in Mecca *! V dilly. My average being formed. A bank. Odd Fellows hall and sev. eral stores were destroyed by fire Gosport, Ind. Mme. De Bonnemain well knownas the mistress of General Boulanger. died of consumption on the 18th. The Pennsylvania steel company of Harrisburg. Pa., has refused to sign the amalgamated association scale. James McCormick of Crystal Fulls, Mich., died from injuries received ina ten round prize fight with Wm. Daniels The management of the Chicago Times denies positively that young Mr. Green of New York has secured that paper. General Sam Brown. who for many years represented the burnt district in congress, died at Martinsville, Ind., on the 18th. The sheriff of Fayette county Tex., has been indicted by the United States grand jury for unlawful interference with the mails. The comptroller of the currency has appointed O. C. Bell, of Lincoln Neb., receiver of the First national bank of Red Cloud, Neb. Arsenic in food has caused the death of Bernard Cornelius and the probably fatal sickness of five others living near .sy Colonel George M. Chambin. one of the survivors of the Black Hawk war, 4181 eq: no "III 10 perp pesu The American association of green Meam 11 11: peppep onitie Stass out mony 01 7S u! Sui Knights of Labor. Comptroller Lacey has made a call for a report on the condition of the national banks at the close of business, Thursday, July 9. The citizens of Washington D. C., have raised the guarantee fund of $50.-qndey am 10 Amay Grand the JOJ 000 lic encampment in 1892. The soldiers have ordered all the haycutters off the eastern part of the Cherokee strip and arrested a number who refused to go at once. Glucose factory owners of New York city deny positively that an English syndicate has obtained control or closed contracts for the glucose plants in this country. The May statement of the Union Pacific shows the gross earnings of the whole system were $3,419,000 a decrease of $748,000; net, $1,027,000; decrease, $300,000. According to a census bulletin there were 73.045 paupers in almshouses in America last year. Of these 63,578 were whites. The ration of the population has decreased greatly. The Manitoba government crop bulletin shows that crop prospects the brightest known for years. Therehas been an abundant rainfall. Harvesting will begin about August 15. Roland B. Hill, a Boston newspaper man, and the son of United StatesSenator Hill of Georgia, has been taken in charge by the police of New York, who fear that his mind is unbalanced. A special from Flagstaff. Ariz., says: The party that left here with Sheriff Francis for the scene of the Navajo trouble returned. having met the first party, which escaped during the night. Nat K. Jones. son of United States Senator Jones of Arkansas was shot and perhaps fatally wounded at the senator's home at Washington Ark., State A 'f' рашей school E &q ley. A careful estimate made by the officers of the postoffice department places the probable annual cost to the
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LOCAL PUFFS. Asson Higby was is Omaha this week. Condition powders of all kinds at Deyo's. i Mrs. Jos. Frieze is reported on the sick list. I C. G. Wilson was in Red Cloud this week. The corn crop in Webster county is simply fine. Deso keeps the larget stock of petent medicines. I Go to Deyo and see his bargains in remunts of wall paper. il W. M. Visscher has gone into the camp-chair manufacturing business. G. R. Chaney left this week. for Gunnison, Colorado, on legal business. Nice new goods just received at F. V. Taylor's, remember his prices are the lowest. Go to J. S. Parkes' for groceries, prôvisons, notions, etc. Prices reaif sonable, come and see us. W. J. Orchard, and son, have been in Red Cloud this week visiting his father and family, R. K. Orchard. Remember that Cosad & Co., will not be undersold on furniture, carpets, wall paper &c. at Taylor's old stand. Call on T. E. Penman for fine jewelry watches and clocks, silverware, spees etc. Cotting's drug store. The B. & M. will put on an extra train on the Nebraska City & Chyenne branch which runs through Blue Hill the 16th. Miss Croxton who has been visiting with her sister, Mrs. D. M. Hunter, for a few months, has returned to Guide Rock to live. Go to T.E. Penman for fine watch clock and jewelry repairing. Artistie letter and monogram engraving. Cotting's drug store. Will Eams, the city marshal was seriously over heated Saturday by the sun. However be is now much better. and abel to be out. There is not much doubt but that the First National bank will open about September 10, '91. It will be cheering news should it prove true. Red Cloud and Blue Hill will engage in a game of ball at Blue Hill so we are informed sometime the latter part of the week, probably Thursday. Go and see Oscar Patmor. He has purchased Conover and Dickerson's feed store and solicits your patronage and assures you fair returns and low prices. W. C. Thornton of the Blue Hill Times, has given up his lease of that office and has purchased the Cowles office and will rehabilitate that defunct organ. George Barker and mother left this week for Chicago where George expects to be gone three weeks and his mother expects to stay the balance of summer. After years of experience we make the intelligent care of the dead a specialty, and are prepared to attend all calls in the city or country -F. V. Taylor, funeral director. George Abel, of Denver, was on our streets Saturday looking as hale and hearty as in the good old days when he was a resident of Red Cloud. He returned Saturday morning. Undertaking by F. V. Taylor who has had yea.s of practical experince in the scientific care of the dead and is better prepared than ever to comduet the business in all its branches. F. V. Taylor will duplicate any prices offered by other houses on all clases of Undertaking goods, and guarantee better goods and better service. Funerals attended free in city or county. On Saturday morning, Aug. 8, there was born into the household of Mr. and Mrs. Frank Maire, of Blue Hill an eleven pound lad. Dr. Weirick, the attending physician reports that all-especially the happy pops are doing nicely. Mrs. B. P. Scoville and Son, of Constantine, Mich., on their return from an extended trip through California, and many other parts of the west, will arrive is this city Thursday evening, the guests of their relatives S. U. Beckwith and family. Attorney Porter reports late pensions by him obtained asfollows: Christian Rasser, of Red Cloud, Henry McCuse, of Red Cloud, Heary E. Sanford, of Red Cloud, Jacob Post, late of Red Cloud, and Judson A. Rich, of Guide Rock. James Amack and Elisha E Woodward, of Garfield. Oliver Hall, of Blades, and three others in Jewell county, Kan. Tur CHIPE for cometime
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NOTICE OF SALE or First National Bank Building. Sealed bids will be received at office of the receiver of the First National Bank, Red Cloud, Neb., until 12 m. (noon) May 2, 1892, for banking building, furniture and fixtures therein; lot 10, block 26, in Red Cloud, Neb., one two story brick building, furniture and fixtures, consisting of Yale time lock safe, walnut furniture. desks, chairs, etc, Right reserved to reject any OF all bids. O. C. BELL, Receiver. 36-4t
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CURRENT NEWS. Oil cake at Deyo's. Wall paper at Cottings. Buy your buggy paint of Deyo. Miss Jennie Bell is home from Lincoln. Rev. E. J. Randall is in Omaha this week. Painting material of all kinds at Deyo's. Buy your paints and brushes at Cottings. Mrs. Dr. McKeeby is visiting in Jamestown, Kansas. Fine neck wear a specialty at Chicago clothing store. If you want wall paper or window shades, go to Cottings. For correct fitting clothing go to Chicago clothing store. Farmers get your Blue vitrol for soaking wheat at Cottings. For nobby suits the Chicago clothing store takes first rank. Go to the Chicago clothing store for pants of every discription. Mrs. Rodgers of Lincoln, is visiting with her sister, Mrs. L. H. Fort. Mrs. S. R. McBride, and daughter Carrie, were in Hastings this week. ! L. Cotting has the finest stock of pocket knives in the city at low prices. The Lincoln mixed paints are the best on the market. Sold by C. L. Cotting. It is said that D. Bedford "put his foot in it," that is, in the plate front of Martin's store, Mr, C. Wiener will, during the com ing season, display special bargains in his show windows. Rev. S. A. Potter will hold service in Grace Episcopal church at 7:30 on next Monday evening, April 11. For fire, lightning and tornado insurance. apply to Chas. Schaffnit, Red Cloud, Neb. Office over Deyo's drugstore. The Sons of Veterans will entertain our people on the 21st with the cele brated drama, "Yankee Detective." Some of our best dramatic talent ill be in it, and the dramatis persona IS said to be excellent. O. C. Bell, receiver of the First National bank, informs us that that institution has declared a dividend of 20 per cent which is now ready to be paid out. Parties holding certificates will please present them and get their checks. Rev. S. P. Roundtree, the colored minister, delivered a very excellent sermon on Wednesday evening to our citizens. The old fellow was a slave from his birth, 1817 to 1865, and can tell some pretty hard tales on southern slave owners. On Wednesday afternoon, Chief Tomlinson, of the fire department, started up the street at a rate of speed that was decidedly surprising, to answer an alarm of fire in the Overing property. Imagine John's wrath when he found that the alarm was turned in by Porter Hedge. who thought a little sulphur bedbug smudge was a conflagration. John was determined to put the bed bugs out or the fine and be didn't care which
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NOTICE OF SALE Of First National Bank Building. Sealed bids will be received at office of the receiver of the First National Bank, Red Cloud, Neb.. until 12 m. (noon) May 2, 1892, for banking building, furniture and fixtures therein; lot 10, block 26, in Red Cloud, Neb., one two story brick building, furniture and fixtures, consisting of Yale time lock safe, walnut furniture. desks, chairs, etc. Right reserved to reject any or all bids. 36-4t O. C. BELL, Receiver.
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# Sheriff's Sale. Notice is hereby given that under and bv virtue of an order of sale issued from the office of C. R. croue, terk of the district court of the south judicial istrict, within and for Webster county, Nebraska, upon a decree in an action pending first, wherein the First National bank of Red Cloud, Nebraska, is plaintiff, and John Kincher Jr., Kakendall, Jones & co. and Winfield S. Winget are defendants; Second, wherein Henry Wetnore was plantiff and John Kincher Jr., Wirfield S. Winget, Winget his wife, First National bank of Red Cloud, Nebraska, O. 6. Bell receiver of the First National bank. David S. Gray, trustee Pant & Gallagher, Freeman 1. Kirkecik, Ellis O. Jones, chas. A. Kee doing business as Kir-endall, Jones & co. John Moore, Sweet, Orr & co., Bros. & co, Regnier & Shoop crockery co. and Ottillie P. Kincher are defendants, and that by the order of court the above two cases were consolidated; I shall offer for sale at public vendue, to the highest bidder for cash in hand at the east door of the courthouse at Red cloud, in sald Webster county, Nebraska, [that being the bullding wherein the last term of said court was holden] on the # 24th Day of May, A. D. 1892, at one o'clock p. m. of said day the following described property towit: The north half, ½, of the south-west quarter, ¼, of section two, 2, in township two, 2, of range nine, 9, west of the 6th p. m., in Webster county, Nebraska. Given under my hand this 14th day of April, A. D. 1892. 38-30d GEO. E. COON, Sheriff. JAS. MONENY, Plaintif's Attorney.
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NOTICE OF SALE or First National Bank Building. Sealed bids will be received at office of the receiver of the First National Bank, Red Cloud, Neb., until 12 m. (noon) May 2, 1892, for bank g building, furniture and fixtures there ; lot 10, block 26, in Red Cloud, Neb., one two story brick building, furniture and fixtures, consisting of Yale time lock onfe, walnut furniture. desks, chairs, Right reserved to feject any or all bids. 36-4t O. C. BELL, Receiver.
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NOTICE OF SALE or First National Bank BuildSealed bids will be received at office of the receiver of the First National Bank, Red Cloud, Neb., until 12 m. (noon) May 2, 1892, for banking building, furniture and fixtures therein; lot 10, block 26, in Red Cloud, Neb., one two story brick building, furniture and fixtures, consisting of Yale time lock safe, walnut furniture. desks, chairs, etc. Right reserved to reject any or all bids. 36-4t O. C. BELL, Receiver.
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Sheriff's Sal Notice is hereby given that und and by virtue of an order of sale issued fro the office of C. B. crone, clerk of the district court of the tenth judicial district, within and for Webster county, Nebraska, upon a decre h an action onal bank N pending first. wherein the First and John of Red Cloud. Nebraska, is plaint Winand Kincher Jr., Kirkendall, Jones & whereI. field 8. Winget are defendants; See in Henry Wetmore was plantify ad John Winget Kincher Jr., Winfield S. Winget, his wife, First National bank of Red C eud, Nebraska, O. c. Bell, receiver of the First National bank. David S. Gray, trustee, Paxt & Gallagher, Freeman P. Kirkendall, Ellis 0 Jones, chas. A. Koe doing business as Kirl ndall. Jones & co., John Moore, Sweet, Orr CO., Kohn Bros. & co., Regnier & Shoop crocl y CO. and Ottibie P. Kincher are defendanti and that by the order of court the above two cases were consotidated; I shall offer for sale at Rublic vendue, to the highe st Lidder for ca in hand at the east door of the courthouse ati ed at cloud, in said Webster county, Nebraska, being the bullding wherein the last term of dd court was holden] on the 24th Day of May, A. D. 1899 at one o'clock p. m. of said day the follow described property towit: The north hali of the south-west quarter, 1/4, of section two in township two, 2, of range nine. 9, west of t 6th p. m.. in Webster county, Nebraska. Given under my hand this 14th day of April A. D. 1892. 38-30d GRO. E. COON, Sheriff. JAB. MONENY, Plaintiff's Attorney.
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# Sheriff's Sale. Notice is hereby given that under and by virtue of an order of sale issued from the office of C. B. crone, clerk of the district court of the tenth judicial district, within and for Webster county, Nebraska, upon a decree in an action pending first, wherein the First National bank of Red Cloud, Nebraska, is plaintiff, and John Kincher Jr., Kirkendall, Jones & co. and Winfield S. Winget are defendants; Second, wherein Henry Wetmore was plantiff and John Kincher Jr., Winfield S. Winget, Winget his wife, First National bank of Red cloud, Nebraska, O. C. Bell, receiver of the First National bank. David S. Gray, trustee, Paxton & Gallagher, Freeman P. Kirkendall, Ellis O. Jones, chas. A. Koe doing business as Kirkendall. Jones & co., John Moore, sweet, Orr & co., Kohn Bros. & co., Regnier & Shoop crockery co. and Ottiliie P. Kincher are defendants, and that by the order of court the above two cases were consolidated; I shall offer for sale at public vendue, to the highest bidder for cash in hand at the east door of the courthouse at Red cloud, it said Webster county, Nebraska, [that being the building wherein the last term of said court was holden] on the 24th Day of May, A. D. 1892, at one o'clock p. m. of said day the following described property towit: The north half, ½, of the south-west quarter, ¼, of section two, 2. in township two, 2, of range nine, 9, west of the 6th p.m., in Webster county, Nebraska. Given under my hand this 14th day of April, A. D. 1892. 38-30d GEO. E. COON, Sheriff. JAS. MONENY, Plaintiff's Attorney.
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The Lie Nailed. The friends of Judge Beall have been actively engaged in circulating, through the tenth judicial district, a report which is false'in every particular. The report states that following the failure of the First National bank, of Red Cloud, notes and other obligations for large amounts of James McNeny, which were among the assets of the bank, were sold at public auction, upon the streets of Red Cloud, for a few dollars and are trying to make political capital out of this statement. The facts are that neither at the time of failure nor at the time of the sale of the banks assets were there any notes or other obligations of James McNeny held by the bank or in its possession. In proof of this assertson we submit the following affidavit made by O. C. Bell, receiver of the bank: State of Nebraska Adams County $ O. C. Bell, of lawful age, being first duly sworn on oath, says he is a resident of Red Cloud, Webster county, Nebraska. That he is the duly and lawfully appointed receiver of the First National bank of Red Cloud, Nebraska, appointed by the comptroller of the currency of the United States, and that as such receiver he has full and complete charge of the assets of said bank and that the final sale of the assets of said bank was made by affiant on September 20. 1895, and that no liabilities or obligations of James McNeny were among the assets of said bank offered for sale, and no such obligations of said McNeny were sold or offered for sale, and further this affiant saith not. O. C. BELL. Subscribed in my presence and sworn to before me this 28th day of October, 1895. W. R SNYDER, Notary Public. [SEAL] My commission expires June 22, 1900. The original of the affidavit is in the possession of John A. Casto, chairman of the republican judicial committee, and can be seen at any time by any person who wishes further proof. This affidavit clinches the lie upon its inventors who have made this cam. paign of falsehoods, slander and villification and who are knowingly circulating absolute falsehoods. They dare not go into the real merits of the question involved viz. the qualification and fitness of the two men for the position of district judge, knowing full well they would suffer by the comparison.