13660. Tecumseh State Bank (Tecumseh, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1931*
Location
Tecumseh, Nebraska (40.367, -96.196)

Metadata

Model
gpt-5-mini
Short Digest
d3b4536a

Response Measures

None

Description

No article describes a depositor run. The bank was taken into receivership (state department receiver appointed March 14, 1931) after suspending business earlier in 1931; it remained closed and was liquidated with periodic dividend payments to depositors through 1931–1932.

Events (5)

1. January 1, 1931* Suspension
Cause
Government Action
Cause Details
Bank had suspended operations and was taken over by the state banking/receivership process (state department of trade and commerce).
Newspaper Excerpt
Depositors in the Tecumseh State bank, which suspended business some months ago,
Source
newspapers
2. March 14, 1931 Receivership
Newspaper Excerpt
TECUMSEH, Nebr., Mar. 14 ... District Judge J. B. Roper ... has appointed E. H. Luikhart ... as receiver for the Tecumseh State bank. John M. Elser of Nebraska City is in charge of the bank. Depositors have appointed a committee of five to assist him in the work. (Beatrice Daily Sun, 1931-03-15). }
Source
newspapers
3. June 19, 1931 Other
Newspaper Excerpt
Cent Paid by Failed Tecumseh State Bank. ... the failed Tecumseh State Bank is depositors 50 cent dividend. Certificates and checks were mailed by E. H. Luikart, secretary of the state department of trade and receiver in charge, from Lincoln yesterday. (St. Joseph News-Press, 1931-06-19).
Source
newspapers
4. December 24, 1931 Other
Newspaper Excerpt
BANK PAYS DIVIDEND Depositors in the Tecumseh State bank, which suspended business some months ago, are this week receiving ... another payment of 10 per cent of their deposits at the time the state took over the bank ... Seventy per cent of the deposits had been paid previously, and believed the 20 per cent will be remitted in full within the next few months. (Pawnee Republican, 1931-12-24).
Source
newspapers
5. December 18, 1932 Other
Newspaper Excerpt
Tecumsch Bank to Pay in Full Judge J. B. Raper of the district court has entered an order authorizing the receiver of the Tecumseh State bank to pay an 8 per cent dividend to depositors, and it is expected the checks will be mailed this week. Previously 80 per cent has been paid the depositors. and the bank will pay out in full. (Beatrice Daily Sun, 1932-12-18).
Source
newspapers

Newspaper Articles (9)

Article from The Grand Island Independent, March 14, 1931

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Article Text

NAME LUIKART BANK trict Judge Raper has appointLuikhart, deputy secretary the state department of trade and receiver for the TecumState John M. Elser Nebraska City in charge of the bank and continue to handle fairs of the institution the repreMr. have appointed committee of five persons to assist him in the THE CLASSIFIED Section with opportunity


Article from Beatrice Daily Sun, March 15, 1931

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TECUMSEH BANK RECEIVER TECUMSEH, Nebr., Mar. 14 famous Simplex P.P.-District Judge J. B. Roper Health Last. has appointed E. H. Luikhart, See these shoes deputy secretary of the state department of trade and commerce, at our store. as receiver for the Tecumseh State bank. John M. Elser of NeSimplex braska City is in charge of the bank. Depositors have appointed a committee of five to assist him in the work.


Article from St. Joseph News-Press, June 19, 1931

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DIVIDEND TO DEPOSITORS. Cent Paid by Failed Tecumsch State Bank. TECUMSEH Neb. June Ing upon ruling of Judge J. Raper of the district court, the failed Tecumseh State Bank is depositors 50 cent dividend. Certificates and checks were mailed by E. H. Luikart. secretary of the state department of trade and receiver in charge, from Lincoln yesterday.


Article from Kearney Hub, July 7, 1931

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STATEMENT Charges Receivers of Banks Were In Plot. Lincoln, Neb., July 7.-Controversy between Governor Charles W. Bryan and the four receivers for 200 falled banks in the state, whom Bryan charges knew of plot to remove the receivership records from the state capitol continues Governor Bryan issued statement in which was included a letter from C. G. Stoll, chief of the receivership division of the department of trade and commerce, in which Stoll corroborates the gov. ernor's charge that "plot" existed to remove the records. Bryan's statement was made, he said, following published statements of Clarence G. Bliss. state bank receiver, and 1. D. Beynon. deposed attorney for the banking department in which they denied his charges. Stoll's letter to the governor recited that on June 28, Bliss and Beynon came to his home approaching him with the proposition "to form from among the present employes of the receivership division. an independent organization for the purpose of administering the affairs of the various receiverships.' Stoll said that Bliss had indicated during the conversation tha it might be necessary to open of. fices elsewhere than in the state house. Stoll continued that there was no direct mention made of the removal of the records of the reStoll said he suggested to Bliss and Beynon that they confer with the governor regarding their proposal. His suggestions were ignored, he said. The receivership records are still in the possession of E. H. Luikart "director" of the department of trade and commerce. Bliss functions in a "clerical capacity" the governor said today. He has nothing to do with the receivership records of the state. Beynon has been dismissed by the governor. "The books and records, including ledger of 200 receiverships,' said the governor, "contains accounts of nineteen new receiverships arising under the present state administration and constitutes state records. It was these which it was proposed should be taken from the capitol." "I will notify Mr. Bliss," Governor Bryan said of a proposed conference to take place this afternoon, "that he will not be permitted to come into possession of files that belong to the state. Bliss and Beynon are not functioning as far as this office is concerned. Beynon is dismissed and has no connection with the state." Bryan said today he had taken no formal steps to dismiss Bliss and the Receivers Brownell, Parker and Peterson. The governor continues to claim legal title to the office of receiver of all failed banks by virtue of the fact that the law states that the secretary of the department of trade and commerce shall be receiver and another section that where the secretary is mentioned it means the governor. The "plot" to remove the receiver. ship records had been explained by the receivers as a plan whereby they propose to remove the receiverships from the hands of the state and the "untolerable interference" of the governor. Bryan also issued in his statement a copy of a letter written him by the depositors' committee and acting receiver of the Tecumseh state bank, in which he said the committee appealed to him to protect them from Beynon's efforts to settle the directors' liability to disadvantage of the depositors.


Article from Lincoln Journal Star, August 25, 1931

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MRS. RADKE NAMED ATTORNEY FOR BANK Mrs. Radke, wife of F. C. Radke, chief counsel for the bank receivership division of the department of trade and commerce, has been appointed attorney for the Tecumseh State bank. The receivership was created last January and Mrs. Radke was appointed prior to the of her husband as chief counsel for the department. am having no trouble with her, said her husband. "She orders, wins her law suits for the bank and says she will have the bank liquidated before the end of the year." Mrs. Radke's name was among the attorneys on the list which Former State Receiver Clarence G. Bliss said Governor Bryan desired him to appoint as attorneys for bank


Article from Lincoln Journal Star, August 25, 1931

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MRS. RADKE NAMED ATTORNEY FOR BANK Mrs. Radke, wife of F. C. Radke, counsel for the bank receivership division of the department of trade and commerce, has been appointed attorney for the Tecumseh State bank. The receivership was created last January and Mrs. Radke was appointed prior to the appointment of her husband as chief counsel for the department. "I am having no trouble with her, said her husband. "She orders, wins her law suits for the bank and says she will have the bank liquidated before the end of the year.' Mrs. Radke's name was among the attorneys on the list which Former State Receiver Clarence G. Bliss said Governor Bryan desired him to appoint as attorneys for bank receivers.


Article from The Tecumseh Chieftain, September 10, 1931

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IN THE CONSIDERABLE BUSINESS DISPOSED OF THIS WEEK. Some Cases Settled Out of Petit Jury Excused Until Later Day. The regular fall term of district court for Johnson county was opened by Judge B. Raper in Tecumseh, Monday morning, and was adjourned, Tuesday evening, until Friday morning. The appeal case of Lowe, claimant, the estate of Charles Rothell, deceased, had been fixed for Tuesday morning, the jury to report that time. However, the case was settled out of court, and, as other jury cases were not ready, the jury was excused for the time being and will probably be called later. The damage case of Harry C. Little versus Herman Schneider, et had been slated for Wednesday, and this case was also settled out of court. Other cases ruled on up to the close of court, Tuesday evening, were as follows: Cook State Bank of Cook, Neb., Louis H. Schmidt. On notes. Dismissed by plaintiff without prejudice. Margaret Meisinger, by Phillip Meisinger, her father and next friend, Robert Ehmen, et al. Damages. vs. C. Radke withdraws as attorney for plaintiff. In the matter of the application of Joseph M. Hobbs, administrator of the estate of Loretta E. Hobbs, to sell real estate. Dismissed by administrator. Clarence G. Bliss, receiver of the Farmers' and Merchants' Bank of Sterling, vs. Henry F. Eilers. On stockholders' liability. Motion of Margaret Boatsman Wikoff, Ralph Boatsman and Carrie Johnson to require plaintiff to state date bank was declared insolvent, receiver appointed and date amount of debts unpaid declared and amount of stock and spective liability of each defendant sustained, and plaintlff given ten days to file amended petition. Demurer of Henry Eilers overruled and he given fifteen days to answer. State of Nebraska, ex rel. Sorensen, attorney general, vs. Tecumseh State Bank. Receivership. Application was to be made for the appointment of H. Luikart receiver Clarence G. Bliss over the succeed banks now in receivership in the First judicial district, but the application was not signed by Mr. Luikart, and no action was taken by the court until the application was signed. The court inferred he would make the appointment upon proper procedure, but stated he would give Mr. Bliss time to make and file his reports as such receiver, and Mr. Bliss' attorney stated Attorneys for this was satisfactory. Mr. Bliss asking the court to allow $15.00 and expenses from each bank and this is to be for attorneys' fees, taken up and determined by the court later filing of affidavdate, upon its. Hearing on petition in intervention of Betzelberger as to classification of claim, was tried, and after hearing the evidence and argument of cousel, the court took the matter under advisement. On the hearing on petition of intervention of A. Graf, court finds that Mr. Graf is entitled to receive his claim against the bank. Receiver excepts. Lincoln Savings and Loan Association Nellie Anderson, et Foreclosure. Sale confirmed and deed ordered. Farmers' and Merchants' Bank of Deshler, Neb., VS. Anna Sirienka, al. Partition. James Livingston, given leave to answer executor, plaintiff's petition and of Henry Gerdes, in three days. In the matter of the application of Earl Lantz, executor of estate of Leander W. Lantz, deceased, for cense to sell real estate to pay debts. License granted and bond of executor fixed at $2,000.00. H. Luikart, receiver of the Tecumseh State Bank, vs. George Townsend. On note. Judgment for plaintiff entered in the sum of $5,102.55. Mutual Benefit Life Insurance Company vs. Charles Mandery, al. Foreclosure. Default of all defendants taken, except Charles and Hazel Mandery; plaintiff's counsel waives right or claim to personal liability of Charles and Hazel Mandery; court finds due plaintiff $6,461.66, first lien on property and drawing interest at 10%. Luikart, receiver of the Tecumseh State Bank, vs. Dwight Putman. On two notes. Judgment for plaintiff entered in the sum of $7,Luikart, receiver of the Tecumseh State Bank, Nestor. On note. Judgment for plaintiff entered in the sum of $6,850.96. The case of M. Morrissey VS. Cleveland Tractor Company and Travelers' Insurance Company. Appeal from award of compensation commissioner has been set for Friday morning. Commissioner awarded Mr. Morrissey $15.00 per week from May 31, 1930, for period of 125 weeks, for injuries received to Insurance company objected, stating that, at the time the plaintiff suffered injury was not working for the tractor com- and was not engaged in his usual line of duties for said defendant company. The injury sustained Sunday or on day the plaintiff was not at work, though he was still in the employ of the company. CHARLES VARVEL DIED IN LINCOLN Charles Varvel, long time resident this community, died at the home of daughter, Mrs. Feastner, Lincoln, Tuesday afternoon at 4:15 o'clock. He was aged years. Before locating in Lincoln, some two or three years ago, Mr. Varvel had lived in this section for more than sixty years. His wife died year ago last March, and, besides Mrs. Feaster are two other daughters, Mrs. Irvin Long, Northport, and Mrs. L. Richardson, Morrill; and six sons, Charles, Lincoln; S., Grand Island; E. and Crawford, and Morrill. The remains will be brought to Tecumseh by the children, and the neral will be held at the Methodist church, Friday afternoon at 3:15 o'clock, in charge of Rev. H. Tay lor. The interment will be in the cumseh cemetery. E. B. Estes and son, Clarence Estes, are exhibiting samples of corn from the fields they irrigated this summer. is fine. Norman Thruax of Omaha spent the with Ed Goosman, west of the city. The men were chums and it has been forty years since they met. Mrs. Mary Heskett, who makes her home with her daughter, Mrs. Howard, in Tecumseh, and has been ill for number of weeks, is considerably improved at this time. Mr. and Mrs. Fred Keim and Mr. Keim's concrete crew of six men went to Beemer, Wednesday. The men will work on the Beemer north and Wishighway contracts for some time. Mrs. Lucille Croft Tackley, who had been visiting with her mother, Mrs. Croft, and sisters, the Misses Irma and Miriam Croft, at Lineoln and Tecumseh, departed for her home at Beverly Hills, Cal., Thursday. Miss Irma accompanied her as far as Denver. John Loos of Tecumseh, who underwent an operation for rectal trouble in Beatrice hospital, one day last week, was able to return home, Monday. Dr. V. D. Douglas of Crab Orchard brought the patient to his home. Mr. Loos is doing nicely, and up and about some each day. The funeral of Mrs. Bryan Kavanagh of Crab Orchard was held at St. Andrew's church in Tecumseh, 10:00 o'clock, Friday morning, and was largely attended. Relatives had come from many points to be present the obsequies. Father Thomas Barden was in charge of the services. The interment was in the family lot in St. Andrew's cemetery, north of the city. Wilson Majors died at his home Peru, Tuesday morning. He was brother of Col. Majors and had resided in Peru for seventy years. The funeral services were held at the home, Thursday. Mr. Majors was born June 1843, in Iowa, and came Peru im listed in the First Nebraska volunteer infantry, was appointed second lieutenant, and later served until 1866 battalion adjutant. After this attended the Peru normal, then came clerk of the United States ternal revenue assessment office, elected county clerk of Nemaha county in 1873 and served three terms in this position. The deceased was known many of our people.


Article from Pawnee Republican, December 24, 1931

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BANK PAYS DIVIDEND Depositors in the Tecumseh State bank, which suspended business some months ago, are this week reChristmas presents from state banking department in form of another payment of 10 per cent of their deposits at the time the state took over the bank The 10 per cent being paid this week tals Seventy per cent of the deposits had been paid previously, and believed the 20 per cent will be remitted in full within the next few months.


Article from Beatrice Daily Sun, December 18, 1932

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DRS. JACKSON --NOTICE-Since It is real winter weather you are interested to know where you can buy the most heat for the least money. We have Tiger nut; Weir City nut; Southern nut; Franklin County, III.; Semi-Anthracite; Spadra; Maltland; Rocksprings; Petroleum Carbon and Standard Briquets. Our prices are $5.50 per ton and up. Searle & Chapin. Phone 39. 18 -Get that aquarium for Christmas. On display at Chamber of Commerce Bldg. Also 404 Court. 18 -Mrs. C. A. Scamman of this city, is recovering from injuries received in fall at her home some days ago. -F. Wosika, 82, Lincoln. onetime resident of Beatrice who was recently operated on at a local hospital, is reported slightly improved. He operated a tailoring establishment in Beatrice years -After a week in district court at Fairbury, Judge Messmore expects to spend another week there before holding court here. -For clean, hot coal, fresh from the mines, buy from the Sack Lumber & Coal Co., 411 West Court St. Phone 760. 18 -One week from today is Christ- mas. -Harry Bartick, one of the postoffice force who has been laid up the past few days with an attack of the influenza, has resumed work. -Radio Sale. Van Borkum Co. If Ray B. Everson of Hastings was a Beatrice visitor yesterday. -The Gage County Taxpayers' League has been called to meet at the court house next Tuesday afternoon at 1 o'clock. All members and others interested are invited to attend. Reports of the state convention held at Columbus will be submitted. Tecumsch Bank to Pay in FullJudge J. B. Raper of the district court has entered an order authorzing the receiver of the Tecumseh State bank to pay an 8 per cent dividend to depositors, and it is expected the checks will be mailed this week. Previously 80 per cent has been paid the depositors. and the bank will pay out in full. The receiver has some good paper, the bank building and equipment, an equity in an eighty-acre Johnson county farm and a residence building and two lots in Tecumseh, turned in by the stockholders who made good on the double liability When the balance of the property is sold it is expected the depositors will be paid in full and that there may be something for the stockholders.