13602. Bank of Sprague (Sprague, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 20, 1929
Location
Sprague, Nebraska (40.626, -96.745)

Metadata

Model
gpt-5-mini
Short Digest
48c1bae6

Response Measures

None

Description

Newspaper (Sioux City Journal) reports the Bank of Sprague was suspended and taken over by the state department (article date 1929-11-21 — suspension occurred the prior Wednesday, inferred as 1929-11-20). A later article (Lincoln Star, 1930-01-04) records a receiver appointed for the failed state bank, confirming it remained closed and a receiver was named. No bank run is described in the articles.

Events (2)

1. November 20, 1929 Suspension
Cause
Government Action
Cause Details
Suspended and taken over by the state department of trade and commerce; closed with about $60,000 deposits.
Newspaper Excerpt
Nebraska Bank Suspended Lincoln. Neb.-(P)-The bank of Sprague, Lancaster county. was suspended Wednesday and taken over by the state department of trade and commerce. The closed institution carried about $60,000 deposits.
Source
newspapers
2. January 4, 1930 Receivership
Newspaper Excerpt
He appointed Clarence G. Bliss, secretary of department of trade and commerce, as receiver of the Bank of Sprague. The bank had failed and had been taken over by the state banking department.
Source
newspapers

Newspaper Articles (2)

Article from The Sioux City Journal, November 21, 1929

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Article Text

CANDIDATE FOR HIGH POSITION Former Nebraska Solon After Lieutenant Governorship Lundy. Custer county. sergeant-atarms during the Forty-fifth legislative session, and a former member of the house from that district, announced himself Wednesday as republican candidate for lleutenant- 250 MANUFACTURERS OF NEBRASKA TO GATHER and fifty Nebraska manufacturers are expected to attend the 17th annual meeting of their state association in Lincoln December 4. Starting with a noon luncheon at the Lincoln hotel. delegates will finish business during the afternoon and attend a banquet at the chamber of commerce in the evening President C. M. Aldrich, of Nebraska City, will call the meeting to order and introduce W A Mechling. president of the association. who will welcome the delgates. State Engineer Roy Cochran and State Game Warden Fran: O'Connell are to deliver after luncheon talks Gov. Weaver, Mark Woods and the newly elected president will deliver addresses following the banquet. 4,000 SHEEP ON FEED ON ONE NEBRASKA FARM Homer, Neb-Few are aware that one of the largest sheep ranches of the midwest is about 10 miles from Sioux City, on the farm of Fred Bartels. who resides near Hubbard Mr Bartels has at present between 3,800 and 4,000 sheep of the mutton variety. Sues For Son's Death for the estate of Alis Belz, Stanton county. argued in the supreme court that it was not gross negligence for Belz to drive on crossing when Northwestern freight train had just passed. Belz was killed by an engine out on trial run. following about a block behind the train. The mother of Belz sued for 85 180, which the district court denied her. Officers Search Bakery Truck Homer, Neb.-Special Competition among bread dealers is thought to be the cause of the searching by f-d. eral officers of a bread wagon of a. Sloux City company here The tip is supposed to have been given by a rival bread concern. The search revealed not liquor, but bread and cake. Tilden Man Kills Self Tilden. Neb. Special: Antone Kent, 71. killed himself with a shotgun at his home in Tilden The cause of his death was given as ill health. He was a bachelor and lived with a brother. He was reported to have been quite wealthy. having owned much land near Tilden. To Cut Yuletide Trees Christmas trees in western Nebraska and southeastern Wyoming, offi- clais of Medicine Bow forest are arranging to cut a large number of small evergreens this month and next. Gordon Smith Is Honored Gordon. Neb.-Special: At the recent convention the Nebraska Blacksmith and Wheelwright assoclation, held in Omaha, Theodore Anderson. of this city, was chosen vice president of the state organization. Nebraska Bank Suspended Lincoln. Neb.-(P)-The bank of Sprague, Lancaster county. was suspended Wednesday and taken over by the state department of trade and commerce. The closed institution carried about $60,000 deposits.


Article from The Lincoln Star, January 4, 1930

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Article Text

Bank Receiver Says Stock Book Located; Asks Reopening Suit A receiver was appointed for one failed state bank and reopening of litigation involving another was taken under advisement by District Judge Chappell Saturday morning. He appointed Clarence G. Bliss, secretary of department of trade and commerce, as receiver of the Bank of Sprague. The bank had failed and had been taken over by the state banking department. was to reopen the suit by E. Dempster, receiver for the Farmers and Merchants bank of Walton. against alleged stockholders in the bank. At the time the suit was heard, the stock book could not be located and several persons whom the state claimed were stockholders were held not to be so by the court. Since then the state has recovered the stock book and asks that the matter be reopened to permit evidence to be brought that some others stockholders this could be established. it would permit assessment of the double liability against new parties. The three persons in the actions were C. W. Anderson, H. C. Parsons, and Fred Ossenkoop, Judge Chappell took the matter under advisement