13605. American State Bank (Springfield, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 13, 1931
Location
Springfield, Nebraska (41.082, -96.134)

Metadata

Model
gpt-5-mini
Short Digest
12939af1

Response Measures

None

Description

Articles report the American State Bank of Springfield was turned over to the state department for liquidation (voluntary action by officers) on Oct 13, 1931 and placed in charge of an examiner/receiver. Subsequent articles (1932–1934) describe receiver actions (suits, replevin) confirming the bank failed and remained in receivership. No contemporaneous run is described.

Events (2)

1. October 13, 1931 Receivership
Newspaper Excerpt
J. F. McLain, examiner, was placed in charge. ... turned over to the state department of trade and for liquidation. Deposits were about $190,000. The American State Bank of Springfield, Nebraska, is in the hands receiver for liquidation ... receiver classified the claim as preferred claim ... the receiver appeals (1934).
Source
newspapers
2. October 13, 1931 Suspension
Cause
Voluntary Liquidation
Cause Details
Officers voluntarily turned the bank over to the state department of trade and commerce for liquidation; examiner placed in charge.
Newspaper Excerpt
Upon the voluntary action its officers, the American state bank here was turned over today to the state department of trade and for liquidation. J. F. McLain, examiner, was placed in charge.
Source
newspapers

Newspaper Articles (7)

Article from Beatrice Daily Sun, October 13, 1931

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Article Text

FOUR STATE BANKS SUSPEND SPRINGFIELD. Neb., Oct. 13 Upon the voluntary action its officers. the American state bank here was turned over today to the state department of trade and for liquidation. J. F. McLain ,examiner, was placed in charge. Deposits were about $190,000. At Holstein HOLSTEIN, Neb., Oct. 13 (P)The First State bank of Holstein was turned over to the state department of trade and commerce today for liquidation. Capital stock was $25,000; surplus $2,500, and deposits about $90,000. Close At Orleans ORLEANS, Neb., Oct. 13 (P)The State bank of Orleans was closed today for liquidation. C. H. Wear was president: M. E. Wear, cashier. The bank was capitalized for $25,000; had surplus of $5,000, and deposits of about $160,000. Hemingford Failure HEMINGFORD, Neb., Oct. 13 LP)-Officers of the Farmers' State bank here suspended business today and turned the institution over to the state department of trade and commerce for liquidation Caapital stock was $30,000 surplus $2,500. and deposits, $200,000.


Article from Papillion Times, October 15, 1931

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Article Text

County Funds in Bank Are county had the neat sum Sarpy of in county funds on the American State Bank posit in when closed its of Springfield doors Tuesday morning and pended business, but every cent bonds and amply protected warrants held as securthe The will by county. almost by the be paid receiver all such claims are as treated prior preferred The securities will probably reputable brokersold through proceeds used age house the county treareplenishing The will sustain sury. tax payers no


Article from Papillion Times, January 28, 1932

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Mrs. Henry Sieh Didn't Sign Notes Sieh informs The Times Henry that was in error several when reported foreclosure ago having been started proceedings of the failed Ameri by the receiver State Bank of Springfield can and his wife, Emma. against him did not sign either He states she notes the chattel the and she disclaims all Times secured its informaThe file tion from the petition the clerk of the distthe office of the facts presumed were true However, forth show that the alleged proof may facts were not true as frequentthe case


Article from Papillion Times, February 18, 1932

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Article Text

American Bank Receiver Sues Elwell & Sons Luikhart, receiver for the failed American State Bank of Springfield, filed suit in district court here Monday to secure payment of note for drawing interest per cent, dated September 1931, and due November 1931, with interest at cent date of maturity until paid. Attorneys Dwyer and Dwyer of certain property considered assets. The attachment was given Sheriff Mundell for service and he pointed Henry Timme of Papillion and Albert Kieck of Springfield as appraisers of the real and personal property of the Elwell and Sons company, who set the value of the garage and store building and the lots upon which they were located and the stock, office equipment and furniture at $4,369. mortgage of $3,000 each on the garage and store are held Miss Margaret Schram of Gretna, and are prior liens upon the perty. The store and garage were closby the Elwell few weeks following the death of Joseph Elwell, senior member of the firm, and the affairs were turned over to the Retail Credit association of Omaha for liquidaThis was one of the oldest and best known business firms in Sarpy County and for many years served wide trade territory. The implement business during the past few years has been hard hit and the closing of the store result of this slump in the business.


Article from Papillion Times, March 17, 1932

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Bank Receiver Replevins R Scheel Chattels Luikhart, receiver the failed American State bank of Springfield, secured replevin pers district court late last week and placed them the hands Sheriff Mundell service on Scheel, residing few miles southwest of Springfield, authorizhim seize head of horses, eleven milch cows, 200 chickens, 105 acres corn and 35 acres oats the Rogers farm, and of corn the Speedie farm, and of farm implements, pledged chattle mortgage secure the payment of note for due January 1932. Sheriff Mundell seized the proin question and has it his perty charge and unless some ment made will be sold to isfy the delinquent payment. Scheel about 400 operates acres of farm land and considered good farmer, but farm duct prices and for live makes impossible to meet obligations.


Article from Nebraska Legal News, February 11, 1933

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BRIEF PREVIEWS Filed Last Two Weeks excess interest, not incorporated or licensed for loan business. Used agent as device to avoid law. Cash and credit price of sale of cars involved. (Brief of appellees 28453, & Grand Island Finance Co. VS Fowler, Ridgeway, Besack. Geo. N. Gibbs; Wm. E. Shuman, North Platte, attorneys.) between sedan and truck, more than slight negligence, erroneous jury instruction, question of conclusion of judgment. Widow, only heir-at-law not solely dependant on deceased son, also has life interest of appellant 28733 in estate. (Brief McDonald vs Wright, Crofoot, Fraser, Conolly & Stryker, Omaha, attorneys.) Workmen's ery, employee had two previous hand injuries before beginning work. third injury to same hand in question. Which injury caused disability (Brief of appellee 28693 Kuhtnick admr. VS Carey et al., R. A. Robinson, North Bend, attorney.) men apparently intoxicated try to cross by car. Was there more than negligence? (Reply brief 28450 Lyons vs Joseph, Crofoot, Fraser, Connolly Stryker, Omaha, attorneys.) stretch of land 40 years for road. Upon petition, county grants road de sac road. Object to expense borne by county for said road. Owners have easement of ingress and egress. (Brief of appellants 28579 Mlady VS County of Knox et al., H. F. Barnhart, Richard Steele, Creighton, Workman's right knee, employment, knee got worse. Various treatments and examinations, final diagnosis traumatic arthritis. Question of statute of limitations in filing due to certainty of compensability. (Brief of appellee 28689 Clary vs Proudfit Co., H. R. Ankeny, Lincoln, attorney.) Attorney of same for bank litigation authorized by former receiver. Allowed in 54 cases under similar circumstances. (Reply brief of appellants 28662-7 inc State Washington & Douglas County Banks, Skiles & Skiles, Beynon, Lincoln and Crossman, Munger & Barton, Omaha, attorneys. collision, wrong side of road, question of road space, speed of cars, material issues in dispute. Negligence. (Brief of appellee 28629 Anderson Altschuler. Dressler & Neely, Omaha, attorneys. Confirmation of proper legal notice published, attempted notice misleading, not facts, no such suit pending, no decree foreclosure entered, object to confirmation of sale. (Brief of appellants 28707 Trampe VS Tilley. Tillinghast, Arthur: Mayer, Kroger & Mayer, Grand Island; L. A. De Voe, Ogallala, attorneys.) Confirmation of bids at first sale, second sale bid below fair value. (Brief of appellants 28706 Durland Trust Co. VS Cross. Tillinghast. Arthur: Mapes & Mapes, Norfolk: M. Maupin, Ogallala, attorneys.) by receiver of insolvent bank against all its stockholders for double liability, premature suit, assets not exhausted, limited receivers powers, married woman's homestead exempt. (Brief of appellants 28710 Luikart receiver Bennington State Bank vs Bunz et al., Chas W. Haller, Omaha, attorney. on mortgaged car defendant sold to plaintiff without knowledge of mortgage. Defendant pays off part of mortgage after sold. Plaintiff compelled to pay balance. Defendant refused to testify. (Brief of appellee 28649 Dickinson VS Lawson. Lanigan & Lanigan, Greeley and A. L. Bishop, Bartlett, attorneys.) Workmen's Compensation-is law of contracts or residence of parties determining factor? (Brief of appellants for rehearing 28623 Esau Smith Bros. Inc. Brome, Thomas & McGuire and G. H. Seig, Omaha, attorneys. Recover on Tax of land assessed twice and certain tract of land was sold when no tax due. Tax sale certificate included more land than facts showed. Statute of limitations refunds from county, did he demand a deed or foreclose? (Reply brief of appellant 28590 Speidel Co. of Scottsbluff. R. Clark, Robert W. Patterson, Scottsbluff, attorneys.) of failed bank. against estate fully administered according to law. Heirs-atlaw refused bank stock. District court no jurisdiction to enforce claim against decedent's estate. (Brief of appellants 28731 Parker receiver Altona State Bank VS Luehrmann et al. A. R. Oleson, Wisner, attorney.) brothers sign a third brother's note on horses bought from cousin. The Third brother lived in Canada and had two resident sign note as an accommodation. Right of jury trial. Who owned notes at commencement of suit? Who pro- fited? (Brief of appellants Mills VS Mills et al. Butler & James, Cambridge; F. Rateliffe, Benkelman, attorneys.) accident, improper or speed on rainy day and failed to observe, beyond center of pavement wide box body of truck, newspaper defendants whose papers were hauled in said truck be submitted to a jury trial. (Brief of appeliant 28724 Zaj administrator vs Johnson, Eager et al. Crofott, Fraser, Connolly & Stry35%. ker, Omaha, attorneys.) Compensation was Workmen's death due to accident or natural death? While on duty as fireman deceased was found on ground with slight bruises on left side of head; an autopsy revealed his heart was in systole. No proof of electrocution or being struck by (Brief of appellant 28703 Mullen City of Hastings. Kennedy, Holland & DeLacy, Omaha; Stiner & Boslaugh, Edmund Nuss, Hastings, attorneys.) for rent on a written lease not complete abandonment, attachment not an eviction, no surrendday, er of premises. (Brief of appellant 28712 Kimball vs Lincoln Theatre Corp. et al. Chambers & Holland, Lincoln, attorneys.) Tax it necessary to allege and prove the commencement of foreclosure action or demand treasurdeed in failure of obtaining title under tax sale sold on which no tax was of limitations on tax titles. (Brief of appellee 28682 Farm Investment Co. VS County of Scotts Bluff. Rush C. Clarke; Robert W. Patterson, Scottsbluff, attorneys.) due to hitting grader which obstructed road, no drinking, unlawful to ride on running board not effective on date of accident. Case should have had jury trial due to conflicting testimony. (Brief of appellant 28290 Kudrna VS Sarpy Co. et al. O'Brien & Powers; G. North, Omaha, attorneys.) sufficient under 15 years of age is under age of consent. Corroboration of testimony, voluntary confession, jury weigh confession. (Brief of defendant in error 28618 Morcumb VS State. Paul F. Good, Atty. Gen., Wm. H. Wright, asst. personal injuries. On snowy night husban ran into defendant's car on highway as he was driving slowly. Unanimous verdict for defendant, jury properly instructed. (Brief of appellee 28600 Murphy VS Shibiya. Wear, aGrrotto & Boland, Omaha, attorneys,) into an elevator shaft in warehouse. Plaintiff was purchasing rags from defendant, therefore direct beneficiary within rule exempting charities from liability, used indirect route to said rags, more than slight contributory negligence. (Brief of appellee 28578 Wright Salvation Army. E. Murphy, H. W. Shackelford, Omaha, attorneys.) Insurance paid by check which was dishonored for want of funds automatically cancels policy. Barn burns before letter of cancellation reaches insured. Actual forfeiture declared by insurer before operative forfeiture clause in case of default is for company benefit and may be waived. Was policy in default? Was there waiver of forfeiture? (Brief of appellee 28670 Hobza State Farmers Ins. Co. of Omaha. Wm. L. Dowling, Madison, Chas. J. Thielen, Humphrey, attorneys.) money deposited in bank (which later failed) in lieu of time certificate of deposit for support of minor child a trust fund payable full from assets (Brief of appellant 28718 State ex rel Sorensen American State Bank, Springfield, et al. D. Dwyer, W. Dwyer, Plattsmouth, associate counsel for F. C. Radke, Barlow Nye.) of trade acceptance certificate instead of commission certificate without reading same. Fraud is question of jury if not agreed. Misrepresentations, confidential relation, contract different provision than contemplated by parties. (Brief of appellee 28650 Case Co. Hrubesky. W. B. Sadilek; Geo. W. Wertz, Schuyler, attorneys.) on excess back taxes on land on which assessment valuation was raised by precinct assessor cannot raise valuation unless improvements exceeding $100 were added, legal authority, mode of raising procedure not followed, notithose affected. (Brief of appellee 28660 Western Pub. Serv. Co. School Dist. No. 33, Wheeler Co. Clarence A. Davis, Holdrege, attorney.) Workmen's penter large finger by hammer, ostecomyelitis developed, amputated same, later extracting tooth caused osteomyelitis, death resulted. Question of statute of limitations ing claim, not latent injury? not mentally incompentent? (Brief of appellee 28693 Kuhtnick, admr. Eskildsen. Cook & Cook, Carey, Fremont, attorneys.)


Article from Nebraska Legal News, February 3, 1934

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Seek declaration of trust fund. The American State Bank of Springfield, Nebraska, is in the hands receiver for liquidation and Reva Grell, by Exilda Grell, her next friend, filed petition of intervention in the proceedings seeking to have the sum of declared trust fund payable in preference to the claims of general creditors. The receiver classified the claim as preferred claim but declined to allow as trust fund payable in full. appeal to the district court the classification of the receiver was set aside and the claim established as trust fund payable in full before the claims of other creditors, and the receiver appeals.