13624. Bank of Stratton (Stratton, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 15, 1896
Location
Stratton, Nebraska (40.148, -101.227)

Metadata

Model
gpt-5-mini
Short Digest
02f92182

Response Measures

None

Description

Article from Jan 15, 1896 reports the Bank of Stratton, Neb., has closed because of slow collections though assets exceed liabilities. A nearby article (Jan 17) likely OCR-misreads 'Stration' for 'Stratton' and says the bank has gone into the hands of receivers. No run is mentioned. OCR corrected 'Stration' -> 'Stratton'.

Events (2)

1. January 15, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed due to slow collections / liquidity problems despite assets exceeding liabilities
Newspaper Excerpt
The Bank of Stratton, Neb., has closed. The cause is alleged to be slow collections. The assets are more than equal to the liabilities
Source
newspapers
2. January 17, 1896 Receivership
Newspaper Excerpt
The Bank of Ogallalla, Neb., and the Bank of Stration, Neb,, have gone into the hands of receivers.
Source
newspapers

Newspaper Articles (2)

Article from The Providence News, January 15, 1896

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Article Text

TELEGRAPHIC BREVITIES. Chicago jurors are said to have taken bribes. Many deaths from sunstroke occurred at Sydney. Yale men are willing to enter a five-college boat race. Boston savings hanks and trust companies have assets of $607,500,000. One hundred Portugnese soldiers are reported to have been killed by natives. The absconding collector of customs of Peterboro, Ont., was an opium flend. New York brewers and saloon keepers are determined to defeat the Raines excise bill. The London press consider the separate school question in Manitoba a very serious matter New York commissioners report that 370,605 immigrants entered by that port last year. At Fort Smith, Ark., Judge Parker sentenced "Cherokee" Bill to be hanged on March 17. In a 10-round fight at Cincinnati, Joe Pruper was badly knocked out by Dave Richards. New York bankers are still asking where subscribers are to get the gold to pay for their bonds. Judge John Mitchell Robinson of the Maryland court of appeals died/a Annapolis of heart disease. Johnson & Filoon, cut sole and leather dealers, Brockton, Mass., have assigned. Assets and liabilities not stated. A new line of ocean steamships between Boston and German ports, via Southampton, will probably be established. Martin Brimmer, a well-known resident of Boston, died after a long sickness. He was one of the oldest business men of the city. Mrs. Phosbe H. Woodward of Charlestown district (Boston), is dead. aged 102 years. She was a native of Lancaster, Mass. Masked robbers entered a Missouri Pacifle depot at Fails City, Neb., and held up five people. The valuables of all were taken. John Morrissey, said to be an old-time confidence man, is under arrest at Kansas City, charged with swindling on bogus drafts. Charles A. Smith. aged 40 years, a Madrid (Me.) farmer, cut his throat while mentally deranged. The windpipe was severed. The large warehouse of S. S. Jewett & Co., stove manufacturers at Buffalo, was totally destroyed by fire. The loss is $250,000. The Bank of Stratton, Neb., has closed. The cause is alleged to be slow collections. The assets are more than equal to the ligibilities The Weman's Christian Temperance union is to circulate petitions looking to the establishment of industrial homes for victims of the alcohol habit. Brigadier General Charles A. Heckman, a veteran officer of the Mexican war and the rebellion, died at his home in German town, Pa. He was 73 years of age. The Blue Springs (Neb.) bank was closed by the state examiner. About $7000 of county funds are held by the bank, but no loss to depositors is expected. The first battalion of the Massachusetts naval brigade have taken formal possession of the old frigate Minnesota, which was taken to Boston from Now York last fall. The Nashua (N. H.) city government decided that City Selicitor Wason cannot also hold the office of president of the board of education. He will resign one office. Two schooners from Gloucester, Mass.Falcon and John W. Bray-are greatly overdue, and while not given up by their owners. much anxiety is felt for them and their crews: Miss Emma Etta Monk died under mysterious circumstances at Rockland Me., and a coroner's jury gave a verdict that she died from self-inflicted injuries, probably accidental. The Old Colony Railroad company has paid $26,170 for a tract of land on Cove street, Boston, to be added to the property which will be used for the new union station, should it be erected. The Ketcham Lumber company of Chiengo, one of the largest concerns in the lumber district. failed. Assets are estimated to be between $500,000 and $600,000, while the liabilities are about $275,000. Mrs. Edith Cox, widow of the late Abraham R. Cox, a wealthy paper dealer of Philadelphia, was so badly burned by an explosion of an alcohol lamp, which she was filling, that she died a few hours later. William H. Dinsmore, aged 59 years, a business man of Haverhill, Mass., dropped dead from heart failure. He was formerly engaged in shoe manufacturing, but had recently been engaged in the liquor business. The Concord (N. H.) city government elected W. P. Ladd tax collector over A. I. Foster, the present incumbent; W. P. Fiske and Dr. G. A. Young park commissioners, and "Alfred Clark highway commissioner. Benjamin Johnson, Baltimore agent of a New York firm of Stock Exchange brokers, who suddenly left Baltimore after the discovery of a shortage of about $15,000 in his accounts, was arrested at Tampa, Fla. Master in Chancery Johnson's final report of the cost of the Santa Fe receivership shows that the total court expenses were $309,700. Sixty thousand less than this was allowed by the court, but the bondholders made up the difference. The gold medal of the Royal Astronomical society of London was awarded to Dr. S. C. Chandler of Boston for the de-


Article from The Goodland Republic, January 17, 1896

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Article Text

NEWS NOTES. The Bank of Ogallalla, Neb., and the Bank of Stration, Neb,, have gone into the hands of receivers. Ex-City Treasurer Bolln, of Omaha, Neb., charged with embezzling $115,000, has been released from jail on bond. Maj. George Rockwell, a pioneer Kansan, died at Junction City on the 14th. He was 80 years old and located at Junction City in 1865. The annual meeting of the Kansas State Temperance union will be held at Topeka, March 3. An effort will be made to secure an attendance of 2,500 temperance workers. Jacob Shafer, an old soldier from Lincoln county, Kan., who has been an inmate of the Topeka insane asy. lum, committed suicide by hanging himself to his bedstead. The republicans have postponed formal orgahization of the senate until the admission of the Utah senatora. Senator Frye, of Maine, will be made president pro tem. of the senate.